our company entered into a Lease and License Agreement for aperiod of 9 years, with a condition that the lease agreement will be renewed every year after completion of 11months and 29 days each. The agreement covers a Club Building and its surrounding areas, which include anAdmin Office, Multi-Purpose Hall, Restaurant, Kitchen, Swimming Pool, Changing Rooms, Spa and Gym,Banquet Area, Six Residential Rooms, and a Party Lounge. The total area spans 35,000 sq. ft., spread across theGround and First Floors. The agreement also includes lease of Villas numbered 53, 63, 76, 77, 78, and 91, eachhaving land admeasuring about 27,000 sq. ft. and super built-up construction area about 3,600 sq. ft. ValenciaCountry Club bears all associated charges, and there was 18-month lock-in period.Apart from club facilities, the company organize a variety of events including pre-wedding functions, receptions,weddings, cocktail parties, family/group picnics, corporate picnics, birthday parties, and get-togethers.