Amendment+1_FINAL_SIGNED.pdf

CONTRACT AMENDMENT

CONTRACT NAME AND NUMBER: Technology Pension Consultant

AMENDMENT NUMBER: 1 (one)

This amendment is made to Technology Pension Consultant (Contract) between the State of North Dakota, acting through its North Dakota Retirement and Investment Office (STATE), and The Segal Company (Midwest), Inc. on behalf of itself and its affiliates collectively doing business as Segal (CONTRACTOR).

The parties agree to the following terms and conditions and expressly agree that if any of the following terms and conditions conflict with any of the terms and conditions of the Contract, then, notwithstanding any term in the Contract, the following terms and conditions govern and control the rights and obligations of the parties.

The parties agree to amend the Contract as follows:

Renewal and Extensions Contract Section 5, Term of Contract. The Contract commenced on October 1, 2020, and ending on September 1, 2021, with 3 (three) options to renew the contract for up to 12 months each and an extension option for an additional period of time, not to exceed 12 months, beyond current termination date of the Contract.

The parties have agreed to renew the Contract for an additional 12 months; therefore, the contract is amended to change the expiration date to August 31, 2022. The Contract has 2 (two) renewals remaining. The Contract can be extended for an additional 12 months.

Scope of Work Contract Section 2 and Exhibit A , Scope of Work and Exhibit A. The scope of work is hereby amended as follows:

DELETE the word “optional” from all areas within the Contract where Stage 3 is noted as “optional”.

Price Adjustment Contract Section 3, Compensation. The Compensation is hereby amended as follows:

DELETE $463,075.00 IN ITS ENTIRETY and REPLACE WITH $1,528,075.

Contract Section Exhibit B, Compensation Details #2 Project Total. The Grand Total for the Budget is hereby amended as follows: DELETE $463,075.00 IN ITS ENTIRETY and

REPLACE WITH $1,528,075.

Scope of Work and Price Adjustment are authorized under the option in the Contract to enact Stage 3. The STATE has chosen to implement Stage 3; therefore, a price adjustment amendment is necessary. The parties anticipate that they will subsequently execute an Amendment 2 (two) , which will include a detailed SOW for Stage 3. The Amendment 2 (two) must be amended for Stage 3 no later than November 15, 2021, in order for the price adjustment to occur.

All other terms of the Contract remain in effect. This Contract Amendment is not effective until fully executed by all parties.

EXECUTION

CONTRACTOR STATE OF NORTH DAKOTA

The Segal Company (Midwest), Inc. Acting through its: North Dakota Retirement and Investment Office

BY: BY: Janilyn K. Murtha Janilyn K. Murtha (Aug 18, 2021 14:44 CDT)

Jeffrey Mills Janilyn Murtha

Vice President and Senior Consultant Deputy Executive Director / Chief Retirement Officer

Date: 8/12/21 Date: 08/18/2021

STATE OF NORTH DAKOTA

Acting through its: Information Technology Department

BY:

Greg Hoffman

Title: Director, Administrative Services

Date: 08-26-2021 https://na2.documents.adobe.com/verifier?tx=CBJCHBCAABAAZjTlao9bxlOEM1kaa2FLsWm8cQlv74-H https://na2.documents.adobe.com/verifier?tx=CBJCHBCAABAAZjTlao9bxlOEM1kaa2FLsWm8cQlv74-H

Created: 2021-08-18

By:

Status:

Transaction ID:

Bonnie Heit (bheit@nd.gov)

Signed

CBJCHBCAABAAZjTlao9bxlOEM1kaa2FLsWm8cQlv74-H

Amendment 1_FINAL Final Audit Report 2021-08-18

"Amendment 1_FINAL" History

Document created by Bonnie Heit (bheit@nd.gov) 2021-08-18 - 2:29:42 PM GMT- IP address: 165.234.252.245

Document emailed to Janilyn K. Murtha (janilynmurtha@nd.gov) for signature

2021-08-18 - 2:30:18 PM GMT

Email viewed by Janilyn K. Murtha (janilynmurtha@nd.gov) 2021-08-18 - 7:43:41 PM GMT- IP address: 104.47.65.254

Document e-signed by Janilyn K. Murtha (janilynmurtha@nd.gov) Signature Date: 2021-08-18 - 7:44:06 PM GMT - Time Source: server- IP address: 165.234.92.2

Agreement completed.

2021-08-18 - 7:44:06 PM GMT