Statute

Article 1 – CONSTITUTION

E 'consists of, on the initiative of Mr Fabio CANNAVARO Ciro Ferrara and a Foundation
called “FOUNDATION CANNAVARO – FERRARA ONLUS” legal person
having the characteristics of private non-profit social organization (ONLUS) under
and for the purposes of Legislative Decree. 4 December 1997 n. 460 and subsequent amendments and additions.

Article 2 – HEADQUARTERS, DELEGATIONS AND OFFICES

The Foundation is headquartered in Naples (NA), Via Luca da Penne n. 1.

Delegations and offices may be established, both in Italy and abroad, performed on a wave
and instrumental to the purpose of the Foundation, promotion activities as well as
development and extension of the necessary network of national and international support
the Foundation.

Article 3 – PURPOSE AND OBJECTIVES

The Foundation is a non-profit. It intends to pursue the sole aim of
social solidarity and to carry out its activities in the field of social, of-
health care and charity.

In particular, the Foundation has as its goal the carrying out of activities in the areas of
Social, healthcare and cultural more attention to children and young people in need and social-
deprived mind, Italian and foreign, to lend through the implementation of social initiatives
Sports and the disbursement of funds, received as charity, to public and non-, is ita-
ian and foreign, which have as their object or activities similar or similar to those of Fon-
bestowal.

In addition, The Foundation will make every activity useful or necessary for the pursuit of
its purpose; may, from l'altro, take all acts necessary or useful to obtain
Grants, donations and contributions that will be used exclusively for the purposes of
above.

The Foundation will not engage in activities other than those listed above to institutional
except to them instrumental and / or directly related and ancillary.

To achieve that end, the Foundation will use its assets in
all’articolo 6, voluntary and unpaid work of its founder and other benefactors, and any
of third parties, volunteers and not.

The activity will take place in accordance with mandatory and imperative of the following principles:

- is established to distribute ban, also indirectly, profits and surplus funds and,
reserves or capital during the retention of, unless the use or distribution

is imposed by law or made for other NGO which by law, statute or
Rules have the same aims and features;

- There is no obligation to employ the profits or surpluses for the implementation of activities
Institutional and above those directly related;

- establishes the obligation to draw up the annual.

The NPO will communicate the object of its activity within 30 days to the Regional
Revenue of the Ministry of Finance responsible. At the same direction will also
communicated any subsequent changes that result in loss of quality of NPO.

Article 4 – INSTRUMENTAL ACTIVITIES, AND RELATED ANCILLARY

To achieve its aims, the Foundation may, inter alia,:

- should stipulate any deed or contract, for the financing of transactions approved,
including, without the exclusion of other, borrowing and lending, short-or long-term,
l’acquisto, property or a right to the surface, properties, their construction, concluding
agreements of any kind also transcribed in public registers, with Public or Private,
Cultural Institutions and Associations and Institutions, schools and universities that are considered appropriate
and useful for achieving the objectives of the Foundation;

- administer and manage the assets of which it owns, locatrice, Bailee or otherwise
owned;

- enter into agreements for the custody and / or management of the activities;

- participate in associations, Authorities and Institutions, public and private, whose business is facing,
directly or indirectly, the pursuit of objectives similar to those of the Foundation
same; the Foundation may, if it deems appropriate to, contribute also to the constitution
of such bodies;

- create or participate in joint-stock companies that engage exclusively instrumental and
activities directed to achieving the statutory purposes;

- promote and organize seminars, events, conferences, meetings, proceeding to the
publication of the documents or records, and all appropriate initiatives to promote a workforce
contact between the external social environment Foundation;

- provide prizes and scholarships as well as organizing seminars and training courses in the areas
interest of the Foundation;

- perform, being and instrumental to the pursuit of institutional goals, service activities and
marketing, with reference to the publishing sector in general and audiovisual;

- perform any other activity that is suitable to support the pursuit of institutional goals;

- raise the funds necessary to finance institutional activities including through the use
of its tangible and intangible assets;

- perform all other related activities and / or considered useful to achieve the purposes
statutory.

Article 5 – SURVEILLANCE

The Competent Authority supervises the activities of the Foundation under Article 25 Code
Civil.

Article 6 – HERITAGE

The Foundation's assets consists of:

a) initial endowment fund consists of contributions in cash of the founding members of euro
55.000;

b) contribution by the founding members of the intangible asset consisting of right of exploitation-
ment unconditional, but not exclusive, their image of professional footballers. In this
end of the founding members undertake to make available to the Foundation for their presence
participate in evening, events, events or anything else necessary to perform the activities
institutional and connected as specified above.

c) the movable and immovable property of any kind received or will arrive to the Foundation,
including those purchased from the same according to the provisions of this Statute;

d) any reserve funds with the surplus of the budget.

Article 7 – REVENUE OF THE FOUNDATION

The revenue of the Foundation are made:

a) income deriving from the exploitation of the assets referred to in Article 6, including the image
founding partner, also by means of instruments and computing facilities such as internet sites and similar uses-
lari;

b) donations and grants from public and private, companies, individuals, associations and
foundations;

c) any other income that contributes to increasing the social activity, always produced, firm
prejudice to the non-profit, in pursuit of clear objectives of the Foundation.

d) from the general conduct of activities related to the institutional and attached including, a
purely illustrative and not exhaustive, The marketing of gadgets and equipment
various promotional, the extent and in full compliance with the constraints imposed by current law on non-profit
contained in Legislative Decree. 4 December 1997 n. 460 and subsequent amendments and additions.

Article 8 – ORGANS OF THE FOUNDATION

The bodies of the Foundation:

- President;

- Vice-President;

- the Board of Directors;

- the Board of Auditors.

Article 9 – Director and Chairman

The Board of Directors shall consist of a maximum of six members.

All members of the board of directors are appointed, at their discretion, by shareholders
founders.

Members of the Board of Directors, that can be renamed several times, remain in
office for five years, unless revoked by the parties that appointed them, before
expiry of the mandate, however, under the prorogation, until the installation of successors.

The member of the Management Board, without justification, does not participate in three
consecutive meetings of the Board of Directors, may be terminated by the
board itself. Then, like every other case of vacancy of the office of, the
Board of Directors must, in accordance with the designations in the first paragraph,
founders require the appointment of a new director.

Article 10 – POWERS OF THE BOARD OF DIRECTORS

The Board is vested with the broadest powers for the administration of
Foundation, without limitation and, so, by way of example can:

a) carry out institutional activities, in all forms described and defined by this statute;

b) approve the amendments to the Statutes;

c) approve the internal regulations and amendments;

d) approve the budget and final account;

and) approve the plans and programs of the Foundation, also consistent with the acts of pro-
Regional programming on;

f) approve the sale and purchase of real estate, accepting donations, of related, of
donations in kind and Heritage;

g) approve the organic staff;

h) propose the liquidation of the Foundation and request the appointment of the liquidator;

in) resolve on the Foundation's assets and the use of his income;

j) promoting financial transactions with banks and private public, including the opening and
closing bank accounts and post office;

l) determine the credit institution entrusted with the treasury service.

May be delegated to own and / or specific skills, other than those referred to in points b), c),
d), and), f), g), h), in), President, Vice-President and / or one or more members of the Board of
administration.

Delegates will inform the Board on decisions made.

The members of the board of directors can not be paid annually,
where a remuneration, individual total compensation in excess of those provided by
applicable law of NPO.

Article 11 – MEETINGS OF THE BOARD OF DIRECTORS

The Board shall meet at least twice a year at the headquarters of
Foundation or elsewhere, and whenever its Chairman deems it necessary or when the
majority of its members or board of auditors request it.

The Board shall elect from among its members the President, Vice-Chairman and can
appoint one or more managing.

Meetings of the Board shall be called by the President, or Vice-President
in cases where it replaces the first, by notice containing details of the place,
day and time of the meeting, and the agenda, be sent to members of the
Board and auditors by registered letter at least ten days
before the date fixed for the meeting.

In urgent cases, be allowed to convene by telegram, or by fax, with-
Lieutenant directions above, if made at least three days before the date fixed for the
meeting.

Meetings of the Board shall be properly constituted with the presence of
majority of the members of the board and decisions are taken by majority
total of votes of those present.

The meetings are chaired by the Chairman of the Board or, in case of his
absence or his absence, Vice-chairman of the board or, in case of absence or
This also prevented, Councillor oldest.

The minutes of meetings, prepared a special book stamped and endorsed by law, are
signed by those who have presided and the secretary.

Article 12 – RENEWAL OF THE BOARD OF DIRECTORS

The Chairman of the Board of Directors shall, at least four months before the
expiry of five years from the appointment of members of the Board that, to ask for
appointment of advisors to the founders.

The Chairman of the Board of Directors shall, also, in case of vacancy of a
adviser, to request a replacement for founding members; Councillor successor is elected
until the expiration of the deadline for the tenure of the director he replaced.

Article 13 – LEGAL REPRESENTATION OF THE FOUNDATION

The legal representative of the Foundation is the Chairman and any administrators
delegates within the limits of their powers.

The legal representatives of the Foundation have representation before third parties and in court and
the power to appoint lawyers and attorneys to represent and defend the foundation in
trial before any court, and to cancel them.

The President convenes and chairs the board of directors and proposing topics on which
required to decide. Particularly:

- proposes the budget and final account;

- proposed plans and programs of the institutional activities of the Foundation;

- propose internal regulations;

- proposes the organic staff;

- ensure the implementation of the resolutions of the Board of Directors;

- supervise the management of movable assets of the Foundation. The President, if
urgency, may adopt resolutions and acts coming within the jurisdiction of the Board
Administration, subjecting, then, all the validation and ratification of the Board of
Directors at its first meeting.

Article 14 – THE BOARD OF AUDITORS

The Board of Auditors is composed of three auditors and two alternate auditors effective that
the first time are designated by the founders and then by the Board of Directors.

The auditors shall hold office for three years and may be reappointed for one time.

The members of the Board expired of Auditors shall remain in office until, following
designation by the Board of Directors, whether they are appointed or confirmed
their successors. In case of withdrawal of one or two members of the Board of Audit Rrevisori
automatically take over one or two alternates. The auditor or auditors of replacement is / not in
office until the expiration of the deadline for the tenure of the auditor / s to
he / they are being replaced / s.

The Chairman of the Board of Auditors shall be elected by a majority of votes by members
the same.

Article 15 – POWERS OF THE BOARD OF CONTROL

The Board of Auditors monitors and supervises the administration of the Foundation-
compliance with the law and the statutes; ensures the regular bookkeeping; checks
compliance of financial statements to the accounting books and records, and compliance
standards established for the valuation of assets and draw up, based on the results of
content of final, The accounting report. The auditors may attend, without the right
voting, the meetings of the Board of Directors.

Article 16 – FINANCIAL YEAR

The foundation of the financial year begins January 1 and ends December 31
every year.

The budget of each year must be approved by the Board of Directors
no later than December 31 of each year.

The balance sheet of each financial year, accompanied by the report of the audit of
accounts, must be approved by the board of directors within 120 (one hundred twenty) days
end of the same.

If circumstances require the approval of the statement can be made within 180
(one hundred and eighty) days from the end of the year.

The profits or surpluses, as well as funds, reserves or capital will not be distributed, even in
indirectly, during the life of the NPO, unless the destination or distribution is
imposed by law, and therefore will be carried forward, capitalized and used by the NPO for
purposes pursued.

Article 17 – EXTINCTION OF THE FOUNDATION

The Foundation is extinguished when the purposes for which it is given are exhausted or
will not be possible in relation to the resources available or for other reasons.

The termination shall be effected by the liquidation of the foundation that is approved by
founders or, without their, by the board of directors that must approve
all’unanimità.

The appointment must be made in consultation with the supervisory authority.

The net assets upon liquidation shall be strictly assigned to other
NPO with the statutory purposes related or similar to those of the Foundation, in consultation with the authorities
control.

Article 18 – FINAL PROVISIONS

Although not expressly contemplated by this statute, apply the provisions of the law
provided the foundations for the Italian Civil Code recognized.

Article 19 – DISPUTE

Any dispute which may arise concerning the interpretation or the provisions of
This Statute will be under the exclusive competence of the Court of Naples (NA).

Since insertion.

Turin, 5 May 2005.

In the original signed

Ciro Ferrara

Fabio Cannavaro

Cristina TROMBETTA, test

Josephine ANDRETTA, test

Paul BONOMO notary