SALEAGREEMENTTHIS SALE AGREEMENT (the "Agreement") dated this 13thday of May 2025 by and between Electra-Media, Inc. of 4737 W. 156th Street Lawndale, CA 90260 (the "Seller") AND Chino Ford of 4480 Chino Hills Pkwy, Chino Hills, CA 91710 (the "Buyer"). IN CONSIDERATION OF THE COVENANTS and agreements contained in this Sale Agreement the parties to this Agreement agree as follows:1. Sale of Goods: The Seller will sell and deliver to the Buyer the following goods, and perform the below services (the "Goods"):a. DigitalSignUpgradeas depicted in Exhibit A and attached and incorporated hereto. Includes entitlement and permit facilitation (see permits below) and project management services. Includes five (5) year Daktronics factory warranty on parts for 15.85mm,12,000Nit,LEDdisplays. 2. Purchase Price: The Buyer will accept the Goods and pay for the Goods with the sum of $576,384.00(the "Purchase Price"), as according to the pricing breakdown table in Exhibit B, which is attached and incorporated hereto, paid as follows:a. A Down Payment of $288,192.00 upon building permit, paid from Chino Ford; anda. A Progress Payment of $144,096.00 prior to shipment of LED Displays, paid from City of Chino; andb. A Balance Payment of $144,096.00 upon turn on of LED Displays, paid from City of Chino(Note:pricebasedonprevailingwagesforon-sitelabor)3. Delivery & Completion: Estimated at 90-100 days from date of down payment and permit approval.4. Maintenance Contract: Includes all parts, labor and crane labor for five (5) years for monthly service to change out LED modules, power supplies, interface cards, line drivers, DVI cards, transformers, fuses, rectifier boards, modem, controllers,software, etc., along with preventative maintenance calls once per month over and above emergency weekend calls. 5. Programming Service Agreement: $325permonth.which includes daily updates, unlimited changes, graphic design of frames with proofs, Internet downloads, e-mail confirmations, holiday graphics, and weekly frame reviews. All monitoring, scheduling, and programming of city PSA messages.6. Exclusions: Does not include any electrical service. Buyer to supply sufficient electrical to site and Seller shall connect new electronic components to provided electrical. Note: Existing electrical is a 200-amp service and should be sufficient.7. Terms & Conditions: Terms and conditions for this Agreement can be found at https://www.emisigns.com/terms-conditionsand are incorporated herein. 8. Permits: Advance fee of $10,000 was paid to EMI in April 2023. Actual cost of City application fees, planning and building permit fees are to be billed separately if they exceed $10,000. Any remaining money not spent to be refunded. 9. City Funding: Agreement contingent upon EMI obtaining City funding for a minimum of 50% of total cost with customer having final approval of Terms and Conditions of City Funding Agreement.10. Loan: $0 Down, 84-month term at $8,755.62/month ($4,377.82following50%paymentfromCity). Note: Interest is at 7.2% EMI will obtain bank loan approval while permit is being obtained.IN WITNESS WHEREOF the parties have executed this Sales Agreement on this 13thday of May 2025.BY:ChinoFord(Buyer) BY:Electra-Media,Inc.(Seller)X_________________________________ X_________________________________Its ________________________________ Its _______________________________Date ______________________________ Date _____________________________
- 15.85mm LED Resolution -340 Pixels High X 550 Pixels Wide 12,000 Nits Brightness Scope of Work: Remove existing top identification faces, old LED displays and leave internal cabinet framing, pole cover, and structure. Modify steel framing and install new illuminated Chino Auto Center ID and new full color Daktronics 15.85mm LED displays. Reuse Ford logo, upgrade internal lighting and replace Chino Hills Ford letters. Remove RV and Bus logos from pole cover and repaint complete structure.
LED DIMENSIONS