(a)

Spanwitz handed over a supplementary agreement, and during Chen Zhuo's stay in Henneff, Xiaomeng made some changes to Chen Zhuo's "unequal treaty" after communication and consultation with Spanwitz.

The high commission ratio has not changed, but the "Supplementary Agreement" drafted by Xiaomeng stipulates that Spanwitz will return 50% of the commission for the establishment of the "Chen Zhuo Sports Foundation", which will invest in the youth training system of Chinese football, the foundation has three special funds, which are operating funds, public welfare funds and charitable funds in nature, and the commission return of Spanwitz will be injected into these three special funds in accordance with the proportion of 40%, 30% and 30%.

Even after the return of 50% of the commission, the commission rate charged by Spanvitz is still higher than the 10% to 15% ratio of ordinary brokerage companies, but in all fairness, no brokerage company can provide this kind of service of Spanwitz, personal fitness coaches and nutritionists, powerful jishu center and analysis system, but Spanwitz company package services, if hired separately signed, not necessarily lower than the commission charged by Spanwitz!

For the return of commissions into the sports fund, and do different nature of classification, part of the business and value-added, part of the public welfare and charity to give back to the society, this idea is still very good, especially for the youth training system of Chinese football, this positioning Chen Zhuo is very satisfied.

Foundation and nature distinction, in the past few days at home, Xiaomeng simply explained to Chen Zhuo, which also gave Chen Zhuo a preliminary understanding of the fund, compared to those "nouveau riche" players who got carried away after making small achievements, I don't know how many times.

(b)

Funds are a big topic, and there are many classifications such as open-ended funds, closed-end funds, hedge funds, contract funds, and balanced funds, which is a specialized science.

In the Supplemental Agreement reached between Xiaomeng and Spanwitz, the Foundation's public welfare special fund and charitable special fund will be applied for as public funds in Hong Kong and Chinese mainland respectively in the name of Chen Zhuo, and volunteers and management teams will be recruited in accordance with the relevant regulations of international charitable funds and public welfare funds, and projects of charitable and public welfare nature will be selected for investment according to the registered purpose of the special fund.

That part of the operating fund gradually accumulated, after reaching a certain stage, will be entrusted to a professional team of investors in the form of a "mutual fund" to become a "reservoir" with hematopoietic function, through this operating fund and Spanwitz Company to establish a joint venture sports industry company in Hong Kong, engaged in various projects related to the sports industry, especially the football industry.

"Xiaomeng, why is that agreement so complicated, I don't understand it, and ah, Xiaomeng, if you can't sign and get involved, how to do it, I don't understand!" Chen Zhuo said on the phone.

Xiaomeng said: "I don't understand, that's why I asked you to entrust it to Daniel!" Now it's mainly the water storage stage, it's still early to invest a lot of money, wait for you to find time to read a PE class, and after three or five years you retire, and you will be a coach and a boss at the same time......"

"How can I have time to study this PE class, no wonder Bierhoff Business School graduated in seven or eight years, it's really not that he is ......stupid" Chen Zhuo muttered: "Okay, okay, let's store water first, if you have more water, buy Manchester United or Real Madrid to play, hehe......"

Saying that, Chen Zhuo signed the "Supplementary Agreement", and the commission returned in the first half of the year was a whole number, 1.2 million euros, and 40% of the operating fund after registration was 480,000 euros.

(c)

In addition, Xiaomeng operated, and injected the column income bonus in the Shijie Cup plus the private betting income of 45 million Hong Kong dollars in the final of Chen Zhuo into the foundation, which was also injected in accordance with the ratio of 4:3:3, this is Chen Zhuo's own business, and the 10% commission of Spanwitz Company has been deducted.

In the income of the "Column" and the "Betting League", Spanwitz Company also earned a commission, which was originally to enhance Chen Zhuo's popularity in Hong Kong, and the 10% commission was also in line with the usual practice, but no one expected Chen Zhuo to play big, and the secret bet had nothing to do with Spanwitz Company, and the 18 million Hong Kong dollars of the column's real offer, 10% of the commission was 1.8 million Hong Kong dollars, and 50% of the "Supplementary Agreement" was also returned to the foundation.

The registration of the foundation is still completed by Spanwitz company, after registration in Hong Kong and mainland China, it will also be registered and protected in Germany, Italy and other countries, and now is the preparatory period, Spanwitz company continues to provide services to Chen Zhuo, the owner of the foundation, the service commission of the operating fund is 3%, and the commission for charitable and public welfare services is 1%, which was signed in the special agreement on the service of the foundation during the preparatory period, but it is only in the current transitional stage. Once the global registration is complete and the Foundation's team of professionals is recruited, Spanwitz will end its service period.

Chen Zhuo talked to Saki and the 27 classmates about the foundation, and Henneff's "international class" is global, with a total of 18 countries from all continents, and everyone agrees with and supports Chen Zhuo's idea.

Saki also said that if his health allows, he will consider attending the launch ceremony in person when the foundation's global registration is completed and the operation begins, and said that even if no one can arrive, there will be a formal congratulatory message. Teachers are like this, and students from all over the world have naturally expressed that they will consider participating in the launching ceremony at that time.

According to Xiaomeng, when Chen Zhuo returned to Hong Kong on July 18 to participate in the competition with Birmingham, he could communicate with President Huo Zhenlin and hold a "groundbreaking ceremony", which means that preparations have officially begun, and it will take about a year for the entire global registration and team recruitment to be completed, and some important positions still need Chen Zhuo to interview in person.

In fact, it is not so complicated, as the owner and funder of the foundation, Chen Zhuo does not need to do everything himself, the so-called healthy operation of the business is to clarify a good direction, establish a good system, use the right people, and do the right things.

(iv)

"Mr. Chen, the registration of the sports foundation named after you in Hong Kong has been completed, and the amount of funds in the accounts of the three special funds is ......," Emma reported as she handed the folder to Chen Zhuo.

On the evening of July 17th, Chen Zhuo flew to Hong Kong, the next day to participate in the match with Birmingham and the brief ceremony before the game, as well as the reception held by the Hong Kong FA in the evening, and returned to Italy by plane early in the morning on July 19th.

If it weren't for Xiaomeng's statement that the matter of foundation and company registration needs to be signed in person under the explanation of the lawyer, and the right of permanent residence in Hong Kong would have to go to the relevant institutions once, if it weren't for these things, it would be just a game, Chen Zhuo would not have planned to come back.

"The first investment in your operating fund is a joint venture subsidiary registered with Spanwitz in Hong Kong......" Emma and Chen Zhuo sat in the back row, starting from the airport road.

"Oh, oh, sign here, okay, okay." Chen Zhuo took a look at it and signed his name where he needed to sign, hehe, it seems that it is not so difficult to be a boss!

"This is the information of the law firm hired for the foundation and the subsidiary, this barrister and his firm have served the Huo Group for many years, Mr. Huo recommended it, has rich legal experience in sports investment, Mr. Span Witz is also more satisfied, Miss Jin should have told you, this lawyer's surname is Lin, his name is ......" Emma introduced one by one.

"Yes, yes, Xiaomeng said, lawyer Lin seems to be quite old, his son and daughter are also barristers, Hong Kong people call it Dazhuo, well, it's okay, I signed it, I'll go to the new company tomorrow morning to meet them, right......" Chen Zhuo carefully signed the power of attorney under the guidance of Emma.

(5)

"Except for Foundation accounts and corporate accounts." Emma handed Chen Zhuo a file bag and said, "You still have 1.5 million euros in your personal account, as well as a mortgage property and a car in Guangzhou, and you do not need the consent of the board of directors and legal counsel to use these funds and property......

"Hehe, but with my sister's permission...... Give it all to her, just leave her there. Chen Zhuo pushed the file bag back to Emma, in a short period of time Chen Zhuo has no time for investment and operation, including personal asset management, there is Xiaomeng, the younger sister and big housekeeper, it is really good, and there is Leoni in Hamburg, Emma in Hong Kong, and Rebecca in Italy, usually travel with the team, Chen Zhuo even saves his wallet.

Emma nodded and put the file bag aside, and continued to report: "Shijie Cup reported to you during the publication of the physical book in Chinese mainland, this is a royalty contract, after market research, the order volume of the major sales channels of this book is about 500,000 copies, the preliminary price is 39.8 yuan, your share ratio is 12%, the preliminary estimate of your royalty income is 2.388 million yuan, if it is reprinted, the share ratio is withdrawn according to 16%, this is the ...... included in your personal account"

"Accurate as Chen Zhuo...... Hehe, the efficiency is really high...... "Chen Zhuo flipped through the sample book, the layout was very good, the picture selection and paper were also very high-end, and a CD of "Chen Zhuo's Wonderful Moments" was also included at the back. Shaking his head, he signed the royalty contract and said: "This doesn't have to be transferred to the personal account entirely, the fraction is transferred to the personal account, and the integer of 2 million is also transferred to my fund in proportion, oh yes, I don't have the final say on how my fund spends?" ”

"You can propose the flow of funds to the board of directors for discussion, and then hand it over to the executive team for implementation, but this is after the relevant team and process are determined, that is, after the end of the service period of Spanwitz, during which you will not be able to use the ...... for the time being," Emma said.

"Okay, then let's save it first......" Chen Zhuo's wrist was a little sour.