The world's richest man started by developing gutter oil
Chapter 150 146: Fist and Ugly Group
Chapter 150 146: Fist and Ugly Group
After the two came to the next office, Brandon Baker leaned his butt on his butt and supported the table with both hands.
"Mark, I want to sell my shares to Charlie." Brandon Baker said.
"Brandon, I don't think it's a good idea for us to take action at this time. Our game is only a month away from being launched. If the market feedback is good, Riot's market value can reach at least [-] million US dollars." Mark Merrill crossed his arms. Chest said.
“What if the market feedback is bad?” asked Brandon Baker.
It’s not just that they have confidence in the game market. There are those who start off well but end up failing miserably, even though they come from a company that claims Blizzard must produce high-quality products.
But Brandon can't guarantee that the game he makes will work.
The reason why Blizzard is successful is that every time Blizzard develops a game, it spends a lot of time polishing it.
However, their company has only been established for three years, and Brandon has no confidence in the game that took three years to create.
The reason why Brandon Baker has such a mentality is because they have developed it while working at Blizzard for so long.
For Brandon Baker, he can become a multi-millionaire by cashing out at this time. Even if the market's feedback on this game is average, they can get out of the game. At that time, they can still use the money to make a comeback.
If they had not sold their shares at this time, the market feedback after LOL was listed would have been very bad, and they would probably have nothing left in the end.
"Brandon, our valuation reached 3600 million during the angel round of financing. If we sell it at a valuation of 5000 million, would it be a little lower?" Mark Merrill said after silence.
"Mark, that's just a valuation. Valuation has no value. Only after the valuation is realized, will it be valuable." Brandon Baker persuaded.
"How about we keep some shares?" Mark Merrill said after hesitating.
"If we retain the shares, the other party will not form an option pool. If the game is successful, we can also obtain the shares. At this time, selling in full is the best choice. No matter how we calculate this transaction, we will not lose money." Brandon Baker said.
"Okay, then should we notify Penguin?" Mark Merrill asked.
"No, we can't inform Penguin about this. He will definitely not let us sell it, and he will not buy our shares. We will tell him after we complete the transaction." Brandon Baker shook his head.
"Okay, then I'll do as you say." Mark Merrill nodded.
Maybe the two of them could become billionaires if they persisted a little longer, but they didn't have the courage to face failure. They chose a more secure way to deal with it, and selling their shares also had many benefits for them.
December 2009, 9.
Under the operation of Tianyu, many Super Girl forums and websites have deleted relevant information, but Weibo remains unmoved and has not done anything to deal with it. The shady story of Super Girl is basically confirmed, but Tianyu will not do this. Give up attacking this matter easily.
Nantian Pioneer Park Weibo General Manager Office.
Wang Chengxian looked at the background data and showed a very satisfied smile. In just one night last night, Weibo's activity more than doubled. Especially after other websites deleted related comments, netizens rushed to Weibo one after another. Let’s discuss this matter here.
"Boom~boom~boom"
"Come in." Wang Cheng shouted first when he heard the knock on the door.
A 24-year-old man in a suit and leather shoes came in. After the man came in, he first said hello to Wang Chengxian.
"What's going on?" Wang Chengxian asked.
"Just now, Tianyu's lawyers sent us a lawyer's letter. They asked us to delete the slanderous remarks about Super Girl on Weibo and asked us to apologize on Weibo." Xue Rongquan said.
"Ignore them, you can go back and do your work." Wang Chengxian said.
If Tianyu wants to use this method to suppress Weibo, then it can only be said that Tianyu is too naive. Even if the two sides fight the lawsuit for at least a year or two, by then the outcome of the lawsuit will no longer matter.
Even if Weibo loses the lawsuit and compensates them a sum of money, so what?
Weibo has already obtained all the benefits it deserves, so just use money to buy the traffic. No matter what the final result, Weibo will be the winner.
"Okay, Mr. Wang." After Xue Ronquan said that, he turned and left the office.
Penguin Headquarters Investment Department.
Liu Chiping was sitting in the office processing daily documents as usual.
At this time, there was a knock on the door of the office. After he responded, the other person opened the door and walked in. The person who came was Tian Shaonan, the manager of the investment department.
"Xiaotian, what's the matter?" Liu Chiping asked.
"Mr. Liu, we invested in a game company called Riot Games in the United States two years ago. I wonder if you still remember this company?" Tian Shaonan asked after pulling out the chair and sitting down.
"Remember, that company was founded by Blizzard's R&D staff. Did something happen at Riot?" Liu Chiping asked.
“Yesterday, their founder transferred all the equity to a venture capital company without our knowledge. This company is Deep Blue Capital in Beijing. The founder of Riot told us that the other party intends to acquire our shares.
If we are willing to sell our shares, the other party is willing to buy it for US$1600 million. "Tian Shaonan replied.
"I remember their game will be online soon, right?" Liu Chiping asked.
"Yes." Tian Shaonan nodded.
"How do people on this project evaluate their games?" Liu Chiping asked.
"Tang Xueheng said that they were developed after imitating Dota. The audience level will only be known after it goes online. At present, it seems that it cannot surpass Dota." Tian Shaonan replied.
"Let the game department re-evaluate their game. If the evaluation is average, we will transfer the shares we have." Liu Chiping said after thinking about it.
In Liu Chiping's view, the behavior of the founder of Riot Games has already betrayed them. No one would want a partner who would betray him. If the game does not have full potential, he will choose to abandon the game.
They invested 3 million yuan three years ago, and now they can get back 800 million yuan. This investment is not a loss for him.
Although Penguin doesn't like control as much as Ahri when it comes to investing, they don't want an ally who will betray them. This is their Penguin principle of doing things.
My investment in you allows you to develop freely, but you cannot betray us easily, otherwise there is no need for us to continue to cooperate.
In Liu Chiping's opinion, without the support of our Penguin, your game would not be popular in China. In this case, everyone can just break up. Anyway, it will definitely not be their Penguin who loses in the end.
"Okay, Mr. Liu." Tian Shaonan replied.
Xiangnan Tianyu Company.
Fan Linping waited until [-] noon on Weibo but did not return any call to them.
Fan Linping was walking around in the office like an ant on a hot pot. At this moment, Xu Zhengyang opened her office door. "Fan Linping, why hasn't Weibo solved it yet?" Xu Zhengyang asked angrily.
"Mr. Xu, I have asked my lawyer to send them a lawyer's letter, but they haven't responded yet." Fan Linping said helplessly.
"If you can't solve this matter before [-] noon today, then you can write your resignation letter yourself." After Xu Zhengyang finished speaking, he slammed the door and walked out.
Now Fan Linping also knows that Deep Blue will not compromise in this situation. Now there is another way to solve this matter, and that is to let Gulina post on Weibo to tell netizens that she quit Supergirl due to physical problems.
Thinking of this, Fan Linping immediately took out her mobile phone and called Gulina.
"beep beep beep"
"Who is it?" Gulina asked.
"Gu Lina, my name is Fan Linping. I want you to post on Weibo right away and tell everyone that you quit Supergirl due to illness." Fan Linping said in a commanding tone.
"I didn't quit Supergirl due to illness, why should I post on Weibo to clear your name?" Gulina said in a very disgusted tone.
"If you don't send the letter or believe it, I will have Beiying fire you." Fan Linping said in an angry tone.
This was the first time in so many years that a contestant spoke to her in such a tone. None of the contestants who participated in Supergirl treated her with respect.
"If you have the ability, just ask Beiying to fire me." After finishing speaking, Gulina hung up the phone.
Han Chen has already told Gulina that if Tianyu contacts her, no matter what Tianyu says, it is ignored. Tianyu cannot cover the sky with one hand.
Han Chen also thought about the fact that Tianyu would use Beiying's dismissal to threaten Gulina's submission.
If there is really someone in Beiying who is dissatisfied, then let this matter become a bigger fuss. Then it is not certain who will gain and who will lose.
Is there someone behind you Tianyu? Don’t we have someone behind Deep Blue Technology?
At that time, let Wang Shaoling's relationship work. Han Chen believed that the final winner would be Deep Blue, and Tianyu would definitely take the blame.
So does Fan Linping really have the ability to get Gulina fired from Beijing Film Academy?
The answer is definitely no. If Gulina has not made any mistakes, Beiying cannot easily fire people. Moreover, the two parties are not members of the same system. Even if they spend money, the other party may not agree.
Because Gulina's current popularity is really terrible. Although Gulina has not yet reached the popularity of a first-line star, her popularity on the Internet is comparable to that of a first-tier star.
And if Gulina is fired from Beiying at this time, Tianyu and Tianyu will not be able to escape even if they jump into the Yellow River.
At this time, Fan Linping also looked confused. Unexpectedly, Gu Lina was not afraid at all. For a moment, Fan Linping didn't know how to deal with it. It seemed that she could only take the blame for this matter.
Office of the President of Shenlan Group in Nantian Pioneer Park.
Han Chen had just received news from Lei Luojun that contracts with several companies had been signed, Gong Xinji's investment contract had been signed, and Shinhwa's investment contract had also been signed.
The two parties have clearly marked it in the contract. The cooperation contract between Deep Blue Film and Television and them is limited to exclusive copyrights. Those copyrighted Deep Blue Films will not broadcast it. As for the matter of recovering the copyright, it is their business.
Everything went well today and Han Chen was in a very good mood.
In the morning, Changsun Chuanfu received news that he had successfully acquired Riot Games' shares, and now Lei Luojun told him that the contract had been signed.
The only thing to do now is to wait for the planted seeds to germinate and mature.
Zhalang Weibo headquarters in Beijing.
Cao Guowei called the head of Zhalang's operations department to his office for a meeting.
"Guangmin, how are your operations department preparing?" Cao Guowei asked.
"Mr. Cao, we have already communicated with the entertainment companies. Most companies accept our plan. As long as we give an order, they will quit Weibo. However, the operating expenses are too high for us to do so.
Just those dozens of celebrities cost us more than [-] million a year, and in three years we will need to spend nearly [-] million on them. "Qian Guangmin said helplessly.
At first, they wanted to use the name of Zhalang to get these celebrities to jump to their Zhalang Weibo.
However, those celebrities have already established a certain fan base on Weibo. It is impossible to get them to change jobs without spending money. In the end, they spent tens to millions per year to win over these celebrities. The most important thing is The other party has to sign the contract at once for three years.
For the development of Zhalang Weibo, Cao Guowei could only grit his teeth and come up with this money.
The most important thing is that if you give money to these celebrities, do other celebrities also have to give money? Others may not join Zhalang Weibo. This is a vicious circle for Zhalang Weibo.
"As long as we can defeat Weibo, when our family becomes the only one in the future, we won't have to pay this money anymore." Cao Guowei said helplessly.
He was also very helpless about this matter. The cost of 40 million in three years is really not cheap. If you include the operating expenses of Zhalang Weibo, [-] billion in three years may not be enough. From the perspective of venture capital, it is not Good deal.
It can be said that Cao Guowei needs to bear very large risks in this project.
If this project fails, he is likely to step down from his position as CEO.
But the arrow has to be fired, unless they give up the Weibo project. To be honest, Cao Guowei does not want to give up the project.
He had not expected that Cheng Yaojin would suddenly appear after nearly a year of preparation.
Kuaisan Technology Headquarters, No. 9, North Fourth Ring West Road, HD District, BJ City.
Lin Guangtao and Wang Xin were sitting at the tea table drinking tea.
A week ago, Lin Guangtao received news that Chou Tuan was going to carry out a series A financing plan. After some operations on his part, Lin Guangtao successfully made an appointment with Wang Xin.
Before Lin Guangtao met Wang Xin, Wang Xin had already reached preliminary agreements with several capitals.
Three companies, led by Jingwei, Shanzhai Venture Capital, and Primavera Capital, raised US$3000 million in exchange for 27% of the shares.
"Mr. Wang, 35% of the shares is the limit of our Deep Blue Capital. We are different from the other three venture capital companies. We will not participate in the management of the company. We can fully authorize the voting rights to Mr. Wang. Our only requirement is to obtain the back of follow-up investment rights.
Let us invest. Even if Meituan continues to raise funds, Mr. Wang already controls the entire Meituan. But if other venture capital companies are allowed to invest, if Mr. Wang cannot complete the task, he will have to use his own shares to supplement the other party.
If Mr. Wang is unwilling to release more of these 8% shares, we at Deep Blue Capital can only say sorry. Compared with other investment companies, our requirements can be described as almost nothing. Lin Guangtao said, putting down his tea cup.
Wang Xin was also a little hesitant for a while. Choosing Deep Blue would require him to pay 8% more shares, but choosing someone else would require him to complete a gambling agreement.
(End of this chapter)
After the two came to the next office, Brandon Baker leaned his butt on his butt and supported the table with both hands.
"Mark, I want to sell my shares to Charlie." Brandon Baker said.
"Brandon, I don't think it's a good idea for us to take action at this time. Our game is only a month away from being launched. If the market feedback is good, Riot's market value can reach at least [-] million US dollars." Mark Merrill crossed his arms. Chest said.
“What if the market feedback is bad?” asked Brandon Baker.
It’s not just that they have confidence in the game market. There are those who start off well but end up failing miserably, even though they come from a company that claims Blizzard must produce high-quality products.
But Brandon can't guarantee that the game he makes will work.
The reason why Blizzard is successful is that every time Blizzard develops a game, it spends a lot of time polishing it.
However, their company has only been established for three years, and Brandon has no confidence in the game that took three years to create.
The reason why Brandon Baker has such a mentality is because they have developed it while working at Blizzard for so long.
For Brandon Baker, he can become a multi-millionaire by cashing out at this time. Even if the market's feedback on this game is average, they can get out of the game. At that time, they can still use the money to make a comeback.
If they had not sold their shares at this time, the market feedback after LOL was listed would have been very bad, and they would probably have nothing left in the end.
"Brandon, our valuation reached 3600 million during the angel round of financing. If we sell it at a valuation of 5000 million, would it be a little lower?" Mark Merrill said after silence.
"Mark, that's just a valuation. Valuation has no value. Only after the valuation is realized, will it be valuable." Brandon Baker persuaded.
"How about we keep some shares?" Mark Merrill said after hesitating.
"If we retain the shares, the other party will not form an option pool. If the game is successful, we can also obtain the shares. At this time, selling in full is the best choice. No matter how we calculate this transaction, we will not lose money." Brandon Baker said.
"Okay, then should we notify Penguin?" Mark Merrill asked.
"No, we can't inform Penguin about this. He will definitely not let us sell it, and he will not buy our shares. We will tell him after we complete the transaction." Brandon Baker shook his head.
"Okay, then I'll do as you say." Mark Merrill nodded.
Maybe the two of them could become billionaires if they persisted a little longer, but they didn't have the courage to face failure. They chose a more secure way to deal with it, and selling their shares also had many benefits for them.
December 2009, 9.
Under the operation of Tianyu, many Super Girl forums and websites have deleted relevant information, but Weibo remains unmoved and has not done anything to deal with it. The shady story of Super Girl is basically confirmed, but Tianyu will not do this. Give up attacking this matter easily.
Nantian Pioneer Park Weibo General Manager Office.
Wang Chengxian looked at the background data and showed a very satisfied smile. In just one night last night, Weibo's activity more than doubled. Especially after other websites deleted related comments, netizens rushed to Weibo one after another. Let’s discuss this matter here.
"Boom~boom~boom"
"Come in." Wang Cheng shouted first when he heard the knock on the door.
A 24-year-old man in a suit and leather shoes came in. After the man came in, he first said hello to Wang Chengxian.
"What's going on?" Wang Chengxian asked.
"Just now, Tianyu's lawyers sent us a lawyer's letter. They asked us to delete the slanderous remarks about Super Girl on Weibo and asked us to apologize on Weibo." Xue Rongquan said.
"Ignore them, you can go back and do your work." Wang Chengxian said.
If Tianyu wants to use this method to suppress Weibo, then it can only be said that Tianyu is too naive. Even if the two sides fight the lawsuit for at least a year or two, by then the outcome of the lawsuit will no longer matter.
Even if Weibo loses the lawsuit and compensates them a sum of money, so what?
Weibo has already obtained all the benefits it deserves, so just use money to buy the traffic. No matter what the final result, Weibo will be the winner.
"Okay, Mr. Wang." After Xue Ronquan said that, he turned and left the office.
Penguin Headquarters Investment Department.
Liu Chiping was sitting in the office processing daily documents as usual.
At this time, there was a knock on the door of the office. After he responded, the other person opened the door and walked in. The person who came was Tian Shaonan, the manager of the investment department.
"Xiaotian, what's the matter?" Liu Chiping asked.
"Mr. Liu, we invested in a game company called Riot Games in the United States two years ago. I wonder if you still remember this company?" Tian Shaonan asked after pulling out the chair and sitting down.
"Remember, that company was founded by Blizzard's R&D staff. Did something happen at Riot?" Liu Chiping asked.
“Yesterday, their founder transferred all the equity to a venture capital company without our knowledge. This company is Deep Blue Capital in Beijing. The founder of Riot told us that the other party intends to acquire our shares.
If we are willing to sell our shares, the other party is willing to buy it for US$1600 million. "Tian Shaonan replied.
"I remember their game will be online soon, right?" Liu Chiping asked.
"Yes." Tian Shaonan nodded.
"How do people on this project evaluate their games?" Liu Chiping asked.
"Tang Xueheng said that they were developed after imitating Dota. The audience level will only be known after it goes online. At present, it seems that it cannot surpass Dota." Tian Shaonan replied.
"Let the game department re-evaluate their game. If the evaluation is average, we will transfer the shares we have." Liu Chiping said after thinking about it.
In Liu Chiping's view, the behavior of the founder of Riot Games has already betrayed them. No one would want a partner who would betray him. If the game does not have full potential, he will choose to abandon the game.
They invested 3 million yuan three years ago, and now they can get back 800 million yuan. This investment is not a loss for him.
Although Penguin doesn't like control as much as Ahri when it comes to investing, they don't want an ally who will betray them. This is their Penguin principle of doing things.
My investment in you allows you to develop freely, but you cannot betray us easily, otherwise there is no need for us to continue to cooperate.
In Liu Chiping's opinion, without the support of our Penguin, your game would not be popular in China. In this case, everyone can just break up. Anyway, it will definitely not be their Penguin who loses in the end.
"Okay, Mr. Liu." Tian Shaonan replied.
Xiangnan Tianyu Company.
Fan Linping waited until [-] noon on Weibo but did not return any call to them.
Fan Linping was walking around in the office like an ant on a hot pot. At this moment, Xu Zhengyang opened her office door. "Fan Linping, why hasn't Weibo solved it yet?" Xu Zhengyang asked angrily.
"Mr. Xu, I have asked my lawyer to send them a lawyer's letter, but they haven't responded yet." Fan Linping said helplessly.
"If you can't solve this matter before [-] noon today, then you can write your resignation letter yourself." After Xu Zhengyang finished speaking, he slammed the door and walked out.
Now Fan Linping also knows that Deep Blue will not compromise in this situation. Now there is another way to solve this matter, and that is to let Gulina post on Weibo to tell netizens that she quit Supergirl due to physical problems.
Thinking of this, Fan Linping immediately took out her mobile phone and called Gulina.
"beep beep beep"
"Who is it?" Gulina asked.
"Gu Lina, my name is Fan Linping. I want you to post on Weibo right away and tell everyone that you quit Supergirl due to illness." Fan Linping said in a commanding tone.
"I didn't quit Supergirl due to illness, why should I post on Weibo to clear your name?" Gulina said in a very disgusted tone.
"If you don't send the letter or believe it, I will have Beiying fire you." Fan Linping said in an angry tone.
This was the first time in so many years that a contestant spoke to her in such a tone. None of the contestants who participated in Supergirl treated her with respect.
"If you have the ability, just ask Beiying to fire me." After finishing speaking, Gulina hung up the phone.
Han Chen has already told Gulina that if Tianyu contacts her, no matter what Tianyu says, it is ignored. Tianyu cannot cover the sky with one hand.
Han Chen also thought about the fact that Tianyu would use Beiying's dismissal to threaten Gulina's submission.
If there is really someone in Beiying who is dissatisfied, then let this matter become a bigger fuss. Then it is not certain who will gain and who will lose.
Is there someone behind you Tianyu? Don’t we have someone behind Deep Blue Technology?
At that time, let Wang Shaoling's relationship work. Han Chen believed that the final winner would be Deep Blue, and Tianyu would definitely take the blame.
So does Fan Linping really have the ability to get Gulina fired from Beijing Film Academy?
The answer is definitely no. If Gulina has not made any mistakes, Beiying cannot easily fire people. Moreover, the two parties are not members of the same system. Even if they spend money, the other party may not agree.
Because Gulina's current popularity is really terrible. Although Gulina has not yet reached the popularity of a first-line star, her popularity on the Internet is comparable to that of a first-tier star.
And if Gulina is fired from Beiying at this time, Tianyu and Tianyu will not be able to escape even if they jump into the Yellow River.
At this time, Fan Linping also looked confused. Unexpectedly, Gu Lina was not afraid at all. For a moment, Fan Linping didn't know how to deal with it. It seemed that she could only take the blame for this matter.
Office of the President of Shenlan Group in Nantian Pioneer Park.
Han Chen had just received news from Lei Luojun that contracts with several companies had been signed, Gong Xinji's investment contract had been signed, and Shinhwa's investment contract had also been signed.
The two parties have clearly marked it in the contract. The cooperation contract between Deep Blue Film and Television and them is limited to exclusive copyrights. Those copyrighted Deep Blue Films will not broadcast it. As for the matter of recovering the copyright, it is their business.
Everything went well today and Han Chen was in a very good mood.
In the morning, Changsun Chuanfu received news that he had successfully acquired Riot Games' shares, and now Lei Luojun told him that the contract had been signed.
The only thing to do now is to wait for the planted seeds to germinate and mature.
Zhalang Weibo headquarters in Beijing.
Cao Guowei called the head of Zhalang's operations department to his office for a meeting.
"Guangmin, how are your operations department preparing?" Cao Guowei asked.
"Mr. Cao, we have already communicated with the entertainment companies. Most companies accept our plan. As long as we give an order, they will quit Weibo. However, the operating expenses are too high for us to do so.
Just those dozens of celebrities cost us more than [-] million a year, and in three years we will need to spend nearly [-] million on them. "Qian Guangmin said helplessly.
At first, they wanted to use the name of Zhalang to get these celebrities to jump to their Zhalang Weibo.
However, those celebrities have already established a certain fan base on Weibo. It is impossible to get them to change jobs without spending money. In the end, they spent tens to millions per year to win over these celebrities. The most important thing is The other party has to sign the contract at once for three years.
For the development of Zhalang Weibo, Cao Guowei could only grit his teeth and come up with this money.
The most important thing is that if you give money to these celebrities, do other celebrities also have to give money? Others may not join Zhalang Weibo. This is a vicious circle for Zhalang Weibo.
"As long as we can defeat Weibo, when our family becomes the only one in the future, we won't have to pay this money anymore." Cao Guowei said helplessly.
He was also very helpless about this matter. The cost of 40 million in three years is really not cheap. If you include the operating expenses of Zhalang Weibo, [-] billion in three years may not be enough. From the perspective of venture capital, it is not Good deal.
It can be said that Cao Guowei needs to bear very large risks in this project.
If this project fails, he is likely to step down from his position as CEO.
But the arrow has to be fired, unless they give up the Weibo project. To be honest, Cao Guowei does not want to give up the project.
He had not expected that Cheng Yaojin would suddenly appear after nearly a year of preparation.
Kuaisan Technology Headquarters, No. 9, North Fourth Ring West Road, HD District, BJ City.
Lin Guangtao and Wang Xin were sitting at the tea table drinking tea.
A week ago, Lin Guangtao received news that Chou Tuan was going to carry out a series A financing plan. After some operations on his part, Lin Guangtao successfully made an appointment with Wang Xin.
Before Lin Guangtao met Wang Xin, Wang Xin had already reached preliminary agreements with several capitals.
Three companies, led by Jingwei, Shanzhai Venture Capital, and Primavera Capital, raised US$3000 million in exchange for 27% of the shares.
"Mr. Wang, 35% of the shares is the limit of our Deep Blue Capital. We are different from the other three venture capital companies. We will not participate in the management of the company. We can fully authorize the voting rights to Mr. Wang. Our only requirement is to obtain the back of follow-up investment rights.
Let us invest. Even if Meituan continues to raise funds, Mr. Wang already controls the entire Meituan. But if other venture capital companies are allowed to invest, if Mr. Wang cannot complete the task, he will have to use his own shares to supplement the other party.
If Mr. Wang is unwilling to release more of these 8% shares, we at Deep Blue Capital can only say sorry. Compared with other investment companies, our requirements can be described as almost nothing. Lin Guangtao said, putting down his tea cup.
Wang Xin was also a little hesitant for a while. Choosing Deep Blue would require him to pay 8% more shares, but choosing someone else would require him to complete a gambling agreement.
(End of this chapter)
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