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<br />Amendment No. 1 to Consulting Services Agreement between <br />City of San Leandro and Chandler Asset Management July 1, 2018 <br />for Investment Services Page 1 of 2 <br />AMENDMENT NO. 1 TO CONSULTING SERVICES AGREEMENT BETWEEN <br />THE CITY OF SAN LEANDRO AND <br />CHANDLER ASSET MANAGEMENT <br />FOR <br />INVESTMENT SERVICES <br /> <br /> <br />This Amendment No. 1 (“Amendment”) is made by and between the City of San Leandro (“City”) <br />and Chandler Asset Management (“Consultant”) (together sometimes referred to as the “Parties”) as of July <br />1, 2018, and amends that certain Consulting Services Agreement (“Agreement”) dated July 1, 2016, <br />between the Parties. <br /> <br />WHEREAS, City and Consultant have executed the Agreement, pursuant to which Consultant has <br />provided certain consulting services to City with regard to investment services; and <br /> <br />WHEREAS, the Parties desire to amend the Agreement to increase the not to exceed amount per <br />fiscal year due to increased investment amounts in the City’s portfolio. <br /> <br />NOW THEREFORE, for good and valuable consideration, the sufficiency of which is hereby <br />acknowledged, the Parties hereby agree to amend the Agreement as follows: <br /> <br />1. Section 2 of the Agreement entitled “Compensation” is hereby amended to pay Consultant a <br />sum not to exceed $75,000 per fiscal year; and <br /> <br />2. All other terms shall remain in full force and effect. <br /> <br />This Amendment may be executed in multiple counterparts, each of which shall be an original and <br />all of which together shall constitute one agreement. <br /> <br />SIGNATURES ON FOLLOWING PAGE