Vertical Branding Inc.(fka VBDG)

[Rawnoc]

Anybody else notice in the P2F agreement that the guaranteed minimum annual royalty cash payments to VBDG aren't just $2.8 million -- it's the greater of $2.8 million OR 8 times 8% of VBDG's personal direct sales?

If my head is screwed on straight today, 8 times 8% = 64%. For every one dollar in direct ad sales VBDG gets for themselves (and makes money on for themselves), they get an ADDITIONAL 64 cents from P2F if I'm understanding correctly. For example, if VBDG does $10 million a year in direct sales the minimum payment from P2F would be $6.4 million. I need to read the agreement again though later.