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KFB MANAGEMENT INC
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KFB MANAGEMENT INC
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Last modified
8/24/2022 1:32:35 PM
Creation date
6/29/2022 4:20:42 PM
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Contracts
Company Name
KFB MANAGEMENT INC
Contract #
N-2021-193-01
Agency
Public Works
Expiration Date
5/31/2023
Insurance Exp Date
6/11/2023
Destruction Year
2028
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INSURANCE ON FILE <br />WORK MAY PROCEED <br />UNTIL INSURANCE EXPIRES <br />CLERK OF COUNCIL <br />DATE: <br />13 .'PWP•(YaN V ivt V) <br />N <br />C�4 <br />G <br />N <br />o� <br />cat <br />N-2021-193-01 <br />THIS FIRST AMENDMENT to the above -referenced agreement is entered into June 13, 2022, by and <br />between KFB Management, Inc. ("Consultant'), and the City of Santa Ana, a charter city and municipal <br />corporation organized and existing under the Constitution and laws of the State of California ("City"). <br />RECITALS <br />A. The parties entered into Agreement No. N-2021-193 ("Agreement") dated June 1, 2021, to retain <br />Consultant to provide digital billboard services, particularly in regard to commercial terms related <br />to media sales and revenue generation. <br />B. The parties now wish to amend the Agreement to increase the compensation and extend the term <br />of the Agreement. <br />The Parties therefore agree: <br />1. Section 2(a), Compensation, is hereby amended to increase the total sum to be expended under the <br />tern of the Agreement, including any extension periods, by $16,100 for a total annual amount not to <br />exceed $41,000. <br />2. Section 3, Term, is hereby extended until May 31, 2023, unless terminated earlier in accordance with <br />Section 15 of the Agreement. <br />3. Except as modified by this First Amendment, all terms and conditions of the Agreement, shall remain <br />in full force and effect. <br />IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to the Agreement on the <br />date and year first written above. <br />ATTEST <br />arm <br />DAI GOMEZ � ' K"* <br />Clerk of the Council <br />APPROVED AS TO FORM <br />SONIA R. CARVALHO <br />City Attorney <br />By: <br />B Salvatierrs <br />Deputy City Attorney <br />CITY OF SANTA ANA <br />YAUSTINE GE <br />City Manager <br />KFB MANAGEMENT, INC.: <br />i% "' <br />Karim Farag <br />Founder/President <br />[signatures continued on next page] <br />Page 1 of 2 <br />
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