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WELLS FARGO BANK, N.A. SAFEKEEPING AGENCY AGREEMENT This Agreement is made effective as of the2lstclay of Ayril , 2009, by and between Wells Fargo Bank, N.A. ("Wells Fargo"), and The city of Louisville, Colorado (the "Customer") in regard to the safekeeping of certain securities. Customer wishes to appoint a safekeeping agent to hold certain securities of the Customer pursuant to the direction of the Customer in connection with certain investment account services provided by Wells Fargo Brokerage Services, LLC, an affiliate of Wells Fargo. Therefore, with respect to each account or accounts opened at Wells Fargo for this purpose on behalf of the Customer, the parties hereto agree as follows: 1. Appointment and Acceptance. Customer hereby appoints Wells Fargo, and Wells Fargo hereby accepts its appointment, as safekeeping agent ("Safekeeping Agent") of certain securities of the Customer (the "Account"). The Account shall consist of those assets that the Customer notifies Wells Fargo shall be included in the Account, together with the income, proceeds and profits thereon. Wells Fargo will act as the Safekeeping Agent for the purposes, to the extent, in the manner, and within the limitations set forth in this Agreement. All Account(s) opened for the Customer at Wells Fargo shall be subject to and governed by this Agreement. 2. Services of Safekee~ingAgent. Wells Fargo shall: 2.1 Open and maintain a safekeeping account in the name of the Customer and hold in such account all cash and securities initially deposited plus any additional cash and securities that maybe received from Customer or pursuant to the direction of the Customer from time to time for deposit to the Account. 2.2 Act upon written direction from the Customer or from investment managers or other agents duly appointed in writing by the Customer. 2.3 Settle securities transactions for the Account with brokers or others in accordance with the written direction of the Customer or duly appointed agent. 2.4 Be responsible for the collection of all investment income relating to the assets in the Account and provide for the daily investment thereof. 2.5 Present for payment all maturing securities or any securities called for redemption and collect proceeds therefrom. 2.6 Provide for the investment of cash balances in money market mutual funds, through an automated sweep or manual transaction, as authorized and directed by the Customer or duly appointed agent in the Addendum -Money Market Mutual Funds -Investment Direction and Acknowledgment ("Addendum") attached hereto. 2.7 Deliver cash or securities as the Customer or duly appointed agent may direct. Safekeeping Agency Agreement Addendum PAGE 1 of 5 Last Revised: January 2008