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REV: 02-01-24 VR AMENDMENT NO. 1 TO AGREEMENT FOR SERVICES (Strategic Economics) This Amendment No. 1 (the “Amendment No. 1”) is entered into and effective as of ____________________, 2024, by and between the City of Redwood City, a charter city and municipal corporation of the State of California (“City”), and Strategic Economics, Inc., a California Corporation (“Consultant”) (collectively, the “Parties”). RECITALS A. The Parties previously executed that certain Agreement for Services (Strategic Economics), dated as of October 29, 2020 (the “Original Agreement”) (the Original Agreement and this Amendment No. 1 are collectively known as the “Agreement”). B. The Parties have negotiated and agreed to the terms and conditions set forth in this Amendment No. 1. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows: 1. City will pay Consultant an additional not-to-exceed amount of One- Hundred and Fifty Thousand Dollars ($150,000) for the completion of all the services described in Exhibit “A” of the Original Agreement, which sum will include all costs or expenses incurred by Consultant. Including all amendments through Amendment No. 1, the total amount payable under the Agreement will be a not-to-exceed amount of Four Hundred Thousand Dollars ($400,000). 2. Unless terminated earlier, the term of the Agreement is hereby extended by an additional year. Including this Amendment No. 1, the total term of this Agreement is 5 years from the Effective Date of the Original Agreement. 3. All other provisions of the Agreement will remain in full force and effect. 4. All requisite insurance policies to be maintained by Consultant pursuant to the Agreement will include coverage for this Amendment No. 1. 5. The individuals executing this Amendment No. 1 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 No. 1. 6. If all Parties agree, electronic signatures may be used in place of original signatures on this Amendment No. 1. Each Party intends to be bound by the signatures on the electronic document, is aware that the other Parties will rely on the electronic signatures, and hereby waives any defenses to the enforcement of the terms of this Amendment No. 1 based on the use of an electronic signature. After all Parties agree to the use of electronic signatures, all Parties must sign the document electronically. ATTY/AGR.2024/Amend. No.1/Strategic Economics, Inc. (Agreement for Services Strategic Economics) (Page 1 of 2) February 29