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2009/09/15 Chandler Asset Management, Inc. Amendment 2, change to term of agreement AMENDMENT NO. 2 TO PROFESSIONAL SERVCES AGREEMENT BETWEEN THE CITY OF MENIFEE AND CHANDLER ASSET MANAGEMENT, INC. THIS AMENDMENT NO. 2 to the Professional Services Agreement ("Agreement") is made and entered into by the City of Menifee ("City"), a local public entity, and Chandler Asset Management, Inc., a California corporation ("Consultant"). WHEREAS, an Agreement between City and Consultant was entered into commencing September 15, 2009 for a term of seven years until September 14, 2016 for investment management and advisory services; NOW, THEREFORE, the parties agree to amend the Agreement as follows: 1. The term of the Agreement is hereby extended by 3 year(s) and shall expire on September 13, 2019. 2. Except as amended herein above at item 2, all remaining terms and conditions of Agreement, remain in full force and effect, and otherwise unamended. IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 to Agreement as provided below: CITY OF MENIFEE CHANDLER SET MANAGEMENT, INC. Ronald E Bradley, Interim City Manage Nicole Dr go' , Chief O rag Officer r AtteS7 Ra(rtin Cassell, CEO C4Srah Manwaring, City CI n/ 7 ro'v-e�/as to Form: J r *-6'M' elching, Cit A rney