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FACT-MASTER

04/01/13 5:34 PM

#149269 RE: DragonBear #149195

I don't quite see it that way, (ceeker, or others correct me if i am wrong here).

R-pac is the distributor of KMAG products, KMAG wholesales their products to r-pac = revenue to KMAG

R-pac adds on their mark-up and re-sells product to manufacturers, retailers, etc. = revenue to r-pac.

Any royalties paid in reference to the IP KMAG owns, by r-pac, also= revenue to KMAG.