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KITTITAS COUNTY <br />PROFESSIONAL SERVICES AGREEMENT <br />AMENDMENT NO.4 <br />The Professional Services Agreement entered into September 15, 2016 by and between the <br />Kittitas County (the "County") and PFM Financial Advisors LLC ('PFM') is amended as follows: <br />1. TERMS AND TERMINATION <br />A. Extend the Term in Section lV of the Agreement through December 31,2025 unless <br />sooner terminated according to the provisions therein. <br />2. EXHIBIT B COMPENSATION FOR SERVICES <br />A. ltem 1 Fixed Rate Transaction Fees (Competitive and Negotiated) is adjusted to <br />the following: <br />For financing up to $25 million: $35,000 <br />For financing over $25 million: $35,000 plus $0.7s per $1,000 over $25 million <br />For financing over $75 million: $75,000 plus $0.45 per $1,000 over $75 million <br />For services related to a direct bank placement of debt, our fee would be 70% of <br />this schedule. For unusually complex financings, we may negotiate an increased <br />fee. Additionally, for any transaction not completed, PFM would be compensated <br />on an hourly basis, which will in no case exceed the transactional fee that would <br />have otherwise applied. <br />B. ltem 3 General Services Retainer is updated to include the following: <br />ln a calendar quarter in which a bond transaction closes, the quarterly retainer <br />installment will not be billed. As an example for the sake of clarity, if PFM is the <br />financial advisor for a long-term financing which closes in the month of March, PFM <br />will not bill the County for the quarterly retainer installment for the period January <br />through March of that year. <br />ALL OTHER TERMS AND CONDITIONS OF THE ORIGINAL CONTRACT REMAIN IN FULL <br />FORCE AND EFFECT. <br />lN WITNESS WHEREOF, the parties hereby execute this Amendment, <br />PFM LLC:KITTITAS GOUNTY: <br />t2127123 ?h-_ <br />Thomas Toepfer <br />Name <br />Managing Director Treasurer <br />Title Tiile