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* Equity Payback calculated on cash flows including GST claims 

Note - Actual unit economics may differ from projections 

VLE Responsibilities 

  • VLE to lease out land to Investor for the Kendra

  • In FOFO, VLE to manage the Kendra with a Manager and 2 Operators 

  • VLE to manage and operate 2 Kiosks

Investor Responsibilities

  • To lease out land from VLE and invest in Warm shell nd Fit outs.

  • Investor to manage and operate 500 sq. ft Multipurpose Hall and 8 Kiosks

NCPL Responsibilities

  • NCPL Responsibilities as per Direct Model 

  • Additionally, NCPL to lease out Warm shell and take operating rights of outdoor area from investor. 

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  • Land Lease Agreement with investor

    • All agreements are for a term of 15 years​

    • lock-in Period for the first 2 years for VLE 

    • Exit cost from year 3 onwards

Land Lease

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Revenue from 2 Kiosks

Warm Shell Lease +

Fixed Fee + Box Office share from NCPL

  • FOFO - Management Fee + Variable ​

  • FOCO - NCPL Management

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500 sq. ft. Multipurpose Hall + 8 Kiosks Revenue