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Amendment No. 3 to
Banking Services Agreement— 10016-ITN
THIS AMENDMENT NO. 3 TO THE BANKING SERVICES AGREEMENT, 10016-ITN
("Amendment No. 3") is dated as of July 1, 2014 (the "Effective Date"); is entered into by and
between Maricopa County, Arizona by and through the Maricopa Board of Deposit and
Maricopa County Treasurer, pursuant to A.R.S. §35-321 and 325 (collectively referred to herein
as the "County"); and JPMorgan Chase Bank, N.A. a national banking association (referred to
herein as the "Contractor") and amends that certain Banking Services Agreement entered into
by and between the County and the Contractors, dated as of November 3, 2010, as amended prior
to the date hereof;, for the purchne of banking services (the "Agreement"). All capitalized
terms, not otherwise defined herein, shall have the meanings ascribed to them in the Agreement.
RECITALS
WHEREAS, the County and the Contractor desire to extend the term of the Agreement and
modify certain other provisions thereof, as more particularly described below,
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Contractor and County agree as follows:
AGREEMENT
1. Pursuant to Section 1.2 of the Agreement, the County has elected, and the Contractor ha'
agreed, to extend the term of the Agreement for an additional one (1) year term, expiring
June 30,2015, inclusive.
2. The designation of the notice address for the Contractor under Section 6.3 of the Agreement
is hereby amended to read as follows:
For Contractor:
JPMorgan Chase Bank, N.A.
Attn: Government Banker Jeff Sundheimer
201 North Central Avenue, Floor 21
AZ1-1178
Phoenix, AZ 85004-0073
3. Exhibit A, Pricing, incorporated into the Agreement under Section 6_21.6 thereof, is hereby
amended with respect to the Premium Managed Earnings Credit Rate ("ECR"), as follows:
The ECR shall be subject to a floor of 0.50% for average aggregate monthly balances,
irrespective of amount. ECR and fees will be settled monthly.
4. Exhibit B, Scope of Work, incorporated within the Agreement under Section 6.26.2 thereof,
is hereby amended with respect to the Short Term Financing Requirements as referenced in
Section 9 of the Request for Proposal and the Contractor's responses thereto as follows:
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The Contractor's and the County's respective rights and obligations and all other terms and
conditions relative to that certain $35 million revolving line of credit established in the County's -
favor, inclusive of letters of credit issued by the Contractor against the account of the County, are
as set forth in that certain Business Loan dated as of July 1, 2011, as amended pursuant to its
terms, that certain Letter of Credit Application and Agreement, dated as of June 14, 2011, as
amended pursuant to its terms, and that certain promissory note in the face amount of $35
million, payable to the order of the Contractor, and executed by the County as of July 1, 2011,
as and if the same may be modified, restated or extended from time to time upon mutual
agreement of the County and the Contractor.
5. Except as specifically modified herein, the Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, this Amendment No. 3 is hereby agreed to by the parties as of the
Effective Date.
CONTRACTOR — RGAN CHASE BANK, NA.
---
AUTHORIZED SIGNATURE
Jeff Sundheimer, Authorized Signer
PRINTED NAME AND '111LE
May 19, 2014
DATE
CHARLES "HOS" HOSKINS, TREASURER
r-
DATE
MARICOPA COUNTY BOARD OF DEPOSIT
CHAIRMAN, BOARD OD DEPOSIT
DATE
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1.16,STED:
CLERK OF ThE BOARD
DATE
APPROVED AS TO FO
COUNTY ATTORNEY
AA en -2_ o, t
DATE
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