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<br />Amendment No. 1 to Consulting Services Agreement between City of San Leandro and Chandler Asset <br />Management <br /> Page 1 of 2 <br />AMENDMENT NO. 1 TO CONSULTING SERVICES AGREEMENT BETWEEN <br />THE CITY OF SAN LEANDRO AND <br /> <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 <br />March 1, 2020, 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 June 30, 2021. <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 1.1 of the Agreement entitled “Term of Services” is hereby amended to extend the <br />term from July 1, 2016, to June 30, 2021; and <br /> <br />2. Section 2 of the Agreement entitled “Compensation” is hereby amended to pay Consultant a <br />sum not to exceed $230,000; and <br /> <br />3. Exhibit A of the Agreement entitled “Scope of Services” is hereby amended to read: <br /> <br />a. See Exhibit A <br /> <br />4. Exhibit B of the Agreement entitled “Compensation Schedule & Reimbursable Expenses” is <br />hereby amended to read: <br /> <br />a. See Exhibit B <br /> <br />5. 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 <br />124