MeshCore Infrastructure (Pty) Ltd
Joint Venture — KYL Solutions × VFD Group
BuilderKYL Solutions (Pty) Ltd
Registration2019 / 632755 / 07
DirectorKN Lehlongwane
Engagement8-month build • Mesh + Redemption System
KYL build feeR3,000,000
Contingency reserve (transparent)R400,000
Total upfront (KYL)R3,400,000
Infrastructure costs (servers, relay nodes, USSD, hardware)VFD direct — as and when required
Infrastructure ownershipVFD balance sheet
Mesh IP ownershipMeshCore (JV entity)
VFD IT team allocationDedicated resources — VFD cost
Transaction royalty (post-pilot)R0.15 – R0.25 per redemption
Commencement100% of upfront fee deposited into KYL Solutions account
RoyaltiesAccrued and dispersed quarterly
Banking Details
Account Holder
KN Lehlongwane
Account Type
Cheque (Business Account)
Account Number
62819057747
KYL Solutions (Pty) Ltd • Reg. 2019/632755/07 • 421 Dukes Court, 29 Killarney Avenue, Killarney, Johannesburg, 2193
This document constitutes a summary of proposed terms and is not a binding agreement. Final terms subject to executed partnership agreement.
