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AMENDMENT NO. 2 TO AGREEMENT FOR SERVICES PFM Asset Management LLC This Amendment No. 2 (the "Amendment No. 2") is entered into and effective as of July 1, 2020, by and between the City of Redwood City, a charter city and municipal corporation of the State of California ("City"), and PFM Asset Management LLC, a Delaware limited liability company ("Consultant") (collectively, the "Parties"). RECITALS A. The Parties previously executed that certain Agreement for Professional Services dated as of July 1, 2016 (the "Original Agreement"). B. The Parties previously executed Amendment No. 1 to the Original Agreement ("Amendment No. 1"), dated as of July 1, 2019 (the "Original Agreement" and "Amendment No. 1" are collectively known as the "Agreement"). C. The Parties desire to extend the Agreement by one year, as provided below. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows - 1 . ollows: 1. Unless terminated earlier, the term of this Amendment will be a period of one year from the effective date of this Amendment. Including all amendments, through Amendment No. 2, the total term of this Agreement is five years from the Effective Date of the Agreement. 2. All other provisions of the Agreement will remain in full force and effect. 3. All requisite insurance policies to be maintained by Consultant pursuant to the Agreement will include coverage for this Amendment. 4. The individuals executing this Amendment and the instruments referenced in it on behalf of Consultant each represent and warrant that they have the legal power, right and actual authority to bind Consultant to the terms and conditions of this Amendment. REV: 06-24-2020 MI [The remainder of this page left intentionally blank] ATTY/AGR.Amend. No. 2/PFM Asset Management (Page 1 of 2)