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Event <br />Amount <br />Description <br />Phase 1 F09 — <br />$60,602.50 <br />Fifty (50) percent of amount retained during <br />Complete <br />phase 1. <br />Production <br />Support <br />Phase 2 F09 — <br />$48,482.00 <br />Fifty (50) percent of amount retained during <br />Complete <br />phase 2. <br />Production <br />Support <br />Phase 3 F09 — <br />$133,325.50 <br />Remaining fifty (50) percent retained from phase <br />Complete <br />1, plus remaining fifty (50) percent retained from <br />Production <br />phase 2, plus 100% of amount retained during <br />Support <br />phase 3. <br />2. Software Pavment Schedu l eduring I niti a l Term <br />a. Upon contra ctexecuti on, City willpay Cons ultant$395,514 for the l icensing of s oftwaredescri bed in <br />Exhibit CherryRoad Cloud Services Ordering Document. Ann uallyuponthe anniversaryofthis <br />agreement execution, City willpay Consul tant$395,514 for the l niti a l Term of this agreement. <br />b. Upon contract execution, City willpay Cons ultant$8,143for the I icensing of software described in <br />Exhibit ADP Agreement. Upon the anniversaryofthis agreement execution, City will pay Consul tan <br />$ 8,387 for second year services, $ 8,639 for third year services, $8,898 for fourth year services and <br />$9,165 for fifth years ervices. After fifth year services an annual increase equal to the Consumer Price <br />Index, as reported by the Bureau of tabor Statistics, for the San Francisco area, forth e Initial Term of this <br />agreement will setthe annual amount. <br />c. Upon contract execution, Citywill pay Cons ulta nt $59,892 forthe l icensingof software described in <br />ExhibitH Core Business Technologies i Payment Agreement. Annuallyuponthe anniversaryof this <br />agreement execution, City will pay Consultant $ 59,892 for the Initial Term of this agreement. <br />EXHIBIT F PAYMENTAND RETENTION SCHEDULE <br />ATTY/AGR/2019.118/CHERRYROAD ERP IMPLEMENTATION SERVICES <br />REV: 05-13-19 PR Page 133 of 172 <br />F-3 <br />