PAYMENT SCHEDULE Milestone Amount Due $30,000 Initial Deposit Upon signing the contract (20% of total cost) Upon completion of the Design and Development Milestone 1 $60,000 phase (40% of total cost) $40,000 Upon completion of the Implementation and Milestone 2 Integration phase (27% of total cost) Upon project completion and client approval (13% Final Payment $20,000 of total cost) Total Payment $150,000 TERMS AND CONDITIONS • Validity: This pricing is valid for 60 days from the date of the proposal. • Revisions: Any changes to the scope of work may result in additional costs, which will be agreed upon in writing before proceeding. • Payment Terms: Payments are due within 30 days of the invoice date. Late payments may incur a 1.5% monthly interest fee. • Termination: Either party may terminate the agreement with 30 days' written notice. In the event of termination, Horizon Tech will be responsible for payment of all completed work and any associated costs.