Exhibit 10.3


 


	Sports and Attraction Area	 
	Sporting Events Unit	 
	 	 
	Municipality of Milan	Milan, October 19, 2022
	 	 
	 	Dear
	 	FCD Brera
	 	Via Daverio, 7
	 	20122 Milan
	 	 
	 	president@breracalcio.it


 


GRANT OF USE OF THE “GIANNI BRERA”
CIVIC ARENA 


 


THE AREA DIRECTOR


 


	-	Given the FCD Brera’s request of June 16,
2022;



 


	-	Given the Municipal Board resolution no. 1881 of September
26, 2014 on the “Determination of municipal rates, relating both to sports practiced in municipal-owned sports facilities and
to the use of the sports facilities themselves, based on price items and criteria approved by the Municipal Council”, in force
in accordance with the law;



 


GRANTS


 


FCD Brera - tel. +39 02/55013325 –
VAT no. 09572130962 - the use of the central field of the “Gianni Brera” Civic Arena, to allow the activation
of a non-competitive football academy for primary school children, from October 24, 2022 to April 27, 2023, on the days and time slots
indicated below:


 


	Monday	from 5:00 to 6:30 PM
	 	 
	Thursday 	from 5:00 to 6:30 PM
	 	 
	shared with A.S.D. Kids United (50%)
	 	 
	Wednesday   	from 5:00 to 6:30 PM  - alternating half court



 


 


	 	 	UN EN ISO 9001:2015	 	CERTIFIED
	 	 	CERTIQUALITY	 	MANAGEMENT
	 	 	 	 	SYSYEM – IQNET
	 	 	CERTIFIED QUALITY	 	 
	Via San Tomaso, 3 / A - 20121 Milan	 	MANAGEMENT SYSTEM	 	CERTIQUALITY IS 
	tel. +39 0288464149	 	 	 	MEMBER OF THE
	www.comune.milano.it	 	 	 	CISQ FEDERATION




 






     


     


    

 


CONDITIONS


 


	1.	A maximum of 50 children, under the age of 10, will be
allowed to enter the football field


 


	2.	The use of changing rooms is allowed, with the obligation
to sanitize them, according to the requirements set forth by the Prevention and Protection Service of the Municipality of Milan



 


	3.	The times indicated in the grant are intended as access to
the Facility



 


	4.	At the end of each use, the Facility must be cleared to allow
the alternation with other Licensees



 


	5.	It is strictly forbidden to park vehicles inside the “Gianni
Brera” Civic Arena. Such access to vehicles will be allowed only in the case of material loading and unloading; once these operations
have been completed, the vehicles must leave the Facility



 


	6.	The Municipality still reserves the priority use of the Facility,
for reasons of public interest, where greater needs arise or, even more so, considering any work that may become necessary, or for particular
events and manifestations of great appeal.



 


	7.	For the definition of all organizational details, it is necessary
to contact in advance the Facility Manager - Mr Gervasi - tel. +39 335 5785745



 


Only photo and video recordings shot
for educational use or as a souvenir are authorized, upon written communication to the writer.


 


The Licensee is required to:


 


	a)	Mandatorily comply with all the requirements contained
in government and regional measures, issued with regard to the containment of the spread of Covid-19



 


	b)	Pay the corresponding rates, to be understood as inclusive
of VAT:



 


		●	EUR 30.00 hourly rate for the use of the field from 5
PM



 


		●	EUR 2.00 hourly rate for use of light when needed



 


To be paid bimonthly within 30 days
from the date of receipt of the payment notice by bank transfer in favor of: Treasury of the Municipality of Milan - Banca Intesa Sanpaolo
SPA


IBAN: IT15 V 03069 01783 1000 0030
0001


REASON FOR BANK TRANSFER:


CDR96/IVA/ARENA/P.I.09572130962/UFF67


 


In case of delayed payment, the legal
interest in force will be applied.


 


Should the occupation of the field continue
beyond the time slots assigned in this grant, the consequent additional charges will be applied.


 


The renunciation - for any reason whatsoever
excluded and not dependent on causes determined by the Municipality - of time slots or days of use, will in any case result in the relevant
fees being charged.


 


Only in the event of unavailability of
the Facility due to force majeure, all the sessions missed by the Licensee may be rearranged on other dates to be agreed, without this
entailing any compensation for the Licensee.


 






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	c)	Have the utmost respect for the granted time slots



 


	d)	Provide, from time to time, an adequate medical or first aid and Public Safety service, according to the
regulations in force



 


	e)	Subscribe an insurance policy for all people present in the Facility, relieving the Municipality in full
of all and any civil and criminal liability. The Municipality reserves the right to take action against the Licensee if called by third
parties to answer for damages deriving and / or consequent to this Grant



 


	f)	Use the municipal facility with all the precautions, aimed at avoiding damage of any kind, by anyone and
will be held responsible for any damage caused. This Municipality assumes no responsibility for any damage resulting from theft of material
abandoned or unattended in the premises or of personal effects left in the changing rooms or elsewhere.



 


	g)	Compensate the Municipality for all damages resulting from improper use of the Facility. In this case,
compensation will be requested relating to the damage found at the end of the event or in any case in the days immediately following.
The economic extent of any damage to the facilities of the Municipal Sports Facility, to be compensated to the Municipality, will be quantified
by the competent Technical Area, or will derive from the application of market prices as regards the sports and non-sports equipment supplied.
The Licensee is also responsible for compensation for the loss of income resulting from any unavailability of the Facility due to causes
attributable to the damage caused



 


	h)	Send via e-mail to sabrina.zanoni@comune.milano.it, by October 21, 2022, a copy of this Grant,
duly signed by way of acceptance of the same. In case of non-compliance within the established terms, the Grant will be revoked.



 


In case of non-fulfillment
of the obligations, the Municipality reserves the right to revoke this Grant.


 


For anything else not expressly provided for in the
Grant, reference is made to the laws and regulations in force regarding the grant of assets belonging to the unavailable assets of the
Municipality.


 


	 	THE AREA DIRECTOR
	 	Mr. Mario Almasio
	 	 
	For acceptance 	 
	 	 
	 	mario almasio
	 	Municipality of Milan
	 	Area Director
	 	October 19, 2022 5:59:51 PM
	 	GMT + 00: 00


 


The person in charge
of the file


Giovanni Albanese


Dossier covered by:


Sabrina Zanoni: tel.
+39 02 88464149


 


 


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