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Exhibit 7 <br /> West Field Santa Ana Stadium's facility rental fees), security, set up, clean up, sponsorship <br /> acknowledgements, insurance, taxes, fees (except those expressly assumed by City pursuant <br /> to this Agreement), and any other costs involved in undertaking the Event. <br /> B. As noted in Section 2 above, the City will procure and install flooring over the Eddie West Field <br /> at the Santa Ana Stadium for the Event at City's cost and will waive Permit fees for <br /> Foundation. <br /> C. The Parties agree to a share of the revenue from the Event. The goal of the revenue sharing <br /> arrangement is that both Parties recoup their share of all costs paid by each Party or absorbed <br /> by the City. <br /> 1) For purposes of this Agreement, "Revenue" means total ticket sales for the evening <br /> portion of the Event, total fees paid by food, beverage and other Vendors to the <br /> Foundation, and total sponsorship fees, excluding any in-kind sponsorship, paid to <br /> Foundation for the evening portion of the Event. <br /> 2) The Parties agree to share Revenue from the Event as follows: <br /> Table 1-Phased Approach to Expenditure Recovery <br /> For clarity purposes, the following table includes the cost estimate, (but does not include the any <br /> additional restrooms, security, first aid stations and on-site ambulances costs that may be <br /> requested by the City and will need to be added to the overall cost estimate), for the Event: <br /> City Pays/Absorbs Foundation Pays Total <br /> Flooring Rental $118,548 $118,548 <br /> Absorption of Eddie $9,005 <br /> West Field at the Santa <br /> Ana Stadium Rental <br /> Fee <br /> Security, $411,826 $411,826 <br /> Food/Beverage, <br /> Stage/Lighting, <br /> Additional Floor <br /> Seating, Sound System <br /> Total Costs $127,553 $411,826 $530,374 <br /> Foundation has estimated that the Event will generate approximately$775,950 of Revenue. Under <br /> normal circumstances, the City would collect a fee of $9,005 for the rental fee for the Eddie West <br /> Field at the Santa Ana Stadium. However, in lieu of the normal rental fee, the City and Foundation <br /> have agreed to the following formula for cost recovery for the Event, as outlined in the table below: <br /> Milestone Ratio of Revenue to Total City Cost Recovery at each Milestone <br /> Costs <br /> 1 0%%25 Maximum of $13,259 (10% of revenue) <br /> 2 26%-50% Maximum of$53,037 (20% of revenue) <br /> 3 51%-75% Maximum of $118,548 (City's portion of total <br /> costs) + $786 (a portion of the stadium rental <br /> fee) <br /> 4 76%-100% Maximum of $118,54.8 (City's portion of total <br /> 4 <br />