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FIRST AMENDMENT / EXTENSION TO THE <br />AGREEMENT BY AND BETWEEN THE CITY OF LOUISVILLE <br />AND CHANDLER ASSET MANAGEMENT, INC. <br />FOR INVESTMENT MANAGEMENT SERVICES <br />This First Amendment is attached to and made part of the Investment Management Agreement, <br />dated October 3, 2022 ("Agreement") between Chandler Asset Management, Inc. ("Vendor") and the <br />City of Louisville, Colorado ("City"). <br />WHEREAS, Vendor and City by this Amendment desire to amend the Agreement to extend the Term <br />as set forth herein. <br />NOW THEREFORE, Vendor and City hereby agree to the following change to the Term, Found under <br />Section 1 of the Original Agreement (words to be deleted strickcn; words to be added underlined): <br />1. Term. The term of this Agreement shall commence on October 1, 2022, and shall terminate <br />on September 30, 2024 2027, unless earlier terminated upon receipt of written notice of <br />termination delivered by the terminating party. <br />THIS AMENDMENT IS ACCEPTED AND AGREED TO BY: <br />Chandler Asset Management, Inc. <br />Name: Nicole Draaoo <br />Title: CEO <br />Date: 09/18/2025 <br />City of Louisville, Colorado <br />Signature: <br />V <br />Name: Christopher Leh <br />Title: Mayor <br />Date: 09/18/2025 <br />Page 1 of 1 <br />/44 14, <br />