TERM SHEET - 24 SEVEN NEW STORE

Store Format : FOCO - Franchisee Owned, Company operated

1. Lease Agreement- for Rent/MG
Type of Agreement : 2. Business Conducting Agreement for Revenue share &
Investments
Location address :
Carpet Area : 800- 1200 Sqft
40 KW single point instalation upto one point in the
Power Load : premises as per 24 Seven Drwaings shall be provided by
the Onwer.
Water Inlet and Drainage :
To be provided by the owner without any additional cost
Signage Area : 20 feet plus*
Site Orientation : Centre of Market
Signage : 27 Feet
RENT/Minimum Guarntee : To be discussed post Location approval
Owner Investment in store : Upto 60 Lakh + Applicable GST
Store operations & Expenses 100% by 24 SEVEN
MG or 5-7% on Net sales (Whichever is higher) + GST. To
Revenue Share paid by 24 SEVEN :
be finalised in MOU post location approval.

CAM Charges : Not Applicable

Security Deposit
Rent Free Period
Date Of Posession
Rent commencement date
Term
Lockin Period Lease Agreement
Lockin Period Business Agreement
Electricity Load
Water supply & Drainage point
Rent Escalation
Municipal, Localbidy, Property Tax &
other taxes related to property
: Not Applicable in FOCO
60 days After completion of LL scope or business
:
commencement whichever is early.
: Immediate on agreement signing.
61st day from agreement signing or business
:
commencement whichever is early.
: 12 years
: 2 Years
: 5 Years
40 KW provided by Landlord, 3 phase single point
: connection and intsallation upto 1 point at the Leased
premises, to be made Available by the Lanldord at its cost.
1 point connected upto the premises to be made Available
:
by the Lanldord at its cost.
: 15% after every 3 years
: to be borne by the Landlord
Landlord Scope of work:
Front Glass Glazzing frame & Glass Door.
Building premise clean hall as per Company layout &
drawings with No debris, No leakage & Seepage & Clean
:
entrance. 100% Power backup or exclusive Genset along
with instalation and powerbackup cabeling to be provided
by the landlord at its cost.
AC Unit Space
: To be provided by the owner without any additional cost
Advance token Amount
Landlord has deposited Rs. 5,00,000 as advance token to
: confirm this term sheet, a detailed MOU shall be signed
basis on these terms between parties.

24 SEVEN at any time without assigning any reason whatsoever shall have the right to cancel this
MOU by giving 7 days’ Notice to the BUSINESS ASSOCIATE. 24 SEVEN shall refund 100% of advance
paid by the BUSINESS ASSOCIATE upon execution of this agreement. Thereafter the 24 SEVEN shall
have no liabilities, obligation towards BUSINESS ASSOCIATE including financial or otherwise and shall
24 SEVEN shall be free to deal with other parties at its discretion.

BUSINESS ASSOCIATE at any time without assigning any reason whatsoever shall have the right to
cancel this MOU by giving 15 days’ Notice to the 24 SEVEN. 50% of Advance signing paid by the
BUSINESS ASSOCIATE upon execution of this MOU shall be forfeited by the 24 SEVEN against
Nonrefundable dues under this term sheet and the balance shall be refunded by the Company.
Thereafter the 24 SEVEN shall have no liabilities, obligation towards BUSINESS ASSOCIATE including
financial or otherwise and shall 24 SEVEN shall be free to deal with other parties at its discretion.
BUSINESS ASSOCIATE fully understands, aware of and acknowledges that the 24 SEVEN shall be
spending money for signing up locations, paying advances to the vendors landlord, architects and
other professional feasibility fee to sign up store locations agreed under this MOU. Forfeiture of the
advance money paid along with the execution of this MOU is a pre estimated damage compensation
to the 24 SEVEN and shall be applicable as per terms.

All paymants shall be payable to Godfrey Phillips India Limited

A/C No. - 164105000037 | IFSC Code - ICIC0001641
ICICI Bank - New Friends Colony Branch

Stamp Duty and Registeration. : 50:50 by both parties

Confirmed by Company :

Confirmed by Landlord :

Consultant Name :