On June 4, 2012, Vidaroo Corp. entered into an agreement with Vidaroo Licensing, LLC to act as exclusive agent for licensing of Vidaroo Producer". VL will compensate company with a royalty of 50% of collected revenue from Vidaroo Producer" VIP and VL were formed in the State of Florida on June 4, 2012 and May 24, 2012, respectively and operate as wholly owned subsidiaries.