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REV: 07-15-25 MI <br />AMENDMENT NO. 1 TO AGREEMENT FOR CLAIMS ADMINISTRATION SERVICES <br />Pacific Secured Equities DBA Intercare Holdings Insurance Services, Inc. <br />This Amendment No. 1 (the “Amendment No. 1”) is entered into and effective as <br />of ________, 2025, by and between the City of Redwood City, a charter city and municipal <br />corporation of the State of California (“City”), and Pacific Secured Equities DBA Intercare <br />Holdings Insurance Services, Inc., a California corporation (“Consultant”) (collectively, the <br />“Parties”). <br />RECITALS <br />A. The Parties previously executed that certain Agreement For Claims <br />Administration Services, dated as of July 1, 2022, (the “Agreement”). <br />B. The Agreement expired on June 30, 2025. The Parties continued to work <br />together in good faith under the terms of the Agreement to ensure continuation of Services <br />beyond June 30, 2025. The Parties now wish to memorialize the extension of the <br />Agreement by this Amendment No. 1. <br />C. The Parties have negotiated and agreed to the terms and conditions set <br />forth in this Amendment No 1, including any terms and conditions of the attached Exhibit <br />“A,” incorporated herein by reference. <br />NOW, THEREFORE, in consideration of these recitals and the mutual covenants <br />contained herein, the Parties agree as follows: <br />1. Consultant will provide the additional services set forth in Exhibit “A” of this <br />Amendment No. 1 and such services will be considered part of the Services for purposes <br />of the Agreement. <br />2. City will pay Consultant a flat-rate amount of Five Hundred Twenty-Nine Thousand <br />Three Hundred Seven Dollars and Twenty-One Cents ($529,307.21) for the completion <br />of all the services described in Exhibit “A” of this Amendment No.1, which sum will include <br />all costs or expenses incurred by Consultant. Including all amendments through <br />Amendment No. 1, the total amount payable under the Agreement will be a not-to-exceed <br />amount of Two Million Thirty Four Thousand One Hundred Fourteen Dollars and Forty <br />Two Cents ($2,034,114.42). <br />3. The term of the Agreement is hereby extended for an additional one year period. <br />Including all extensions through this Amendment No. 1, the total term of the Agreement <br />is four years, expiring on June 30th, 2026. <br />4. All other provisions of the Agreement will remain in full force and effect. <br />5. All requisite insurance policies to be maintained by Consultant pursuant to the <br />Agreement will include coverage for this Amendment No. 1. <br />ATTY/AGR.2025/Amend. No. 1/Pacific Secured Equities DBA Intercare Holdings Insurance Services, Inc. (Page 1 of 4) <br />July 25