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Phase II: Stage Two - Execution Plan <br />Stage Two of this phase will be squarely focused on getting a Naming Rights agreement signed off on by a partner and the city. This Phasl <br />include but not be limited to the following: : <br />Stage Two: Negotiation and Contracting <br />Negotiation: As the outreach process narrows the field of potential partners to a select few companies, Front Burner Sports and Entertainment <br />will assume a lead role in the negotiating of an agreement. Front Burner will rely on its vast experience in past projects to maximize revenue <br />for the City of Elk River while creating an agreement with a partner that will be long lasting. <br />Contracting: Once a partner has been selected and an agreement verbally agreed to, Front Burner Sports and Entertainment will work closely <br />with the City of Elk River's legal team to craft an agreement that properly captures the spirit of the partnership while protecting the city's <br />interests from a legal perspective. <br />Protected time necessary to complete Stage II: Four Months <br />