Chapter 125. Danger
"It's not that I don't want to, but currently, Sana and Nayeon are ambassadors for another luxury jewelry brand. If we sign them with you, it would be a breach of contract, sir. If we cancel that contract, we will owe them 20% interest on what they were paid. Sana received $24 million, and Nayeon was paid $23 million. Both have agreements that if we cancel, we owe 20%," JYP explained to Neo.
"That would amount to $27.6 million for Sana and $28.8 million for Nayeon. Don't worry; I'll cover it. So, do you agree?" I asked again without much concern
"If that's the case, we agree to include them, sir," JYP responded, even though he knew this decision would negatively impact the company. If Neo decided to abandon them, luxury brand will blacklist them because of cancelation of contract
"Here's the deal for 'Gray's Vault (GV).' I will offer you $1 billion for a 5-year contract. Just like with J&J, it will be a 50/50 split between the artists and your company. For Itzy and TWICE, they can choose any gift from my shop upon signing with us. If they attend any events, they can borrow any jewelry from Gray's Vault. Another condition is that they can't promote any other luxury jewelry brands. And let me warn you, I may be young, but I'm not naive. I'm choosing you because of Itzy; treat them like your golden goose, and I'll treat you well. Is that condition acceptable?" Neo said with a gentle smile.
"We agree, sir. Don't worry; our company is valued at $811 million, and you're investing $1 billion. It would be foolish to do anything that would hurt the company," JYP acknowledged, realizing that someone of Neo's caliber was not to be taken lightly.
"Okay, that's great. Are you happy now, Yeji? I'm doing this because of you," I said, turning my gaze to Yeji, who had been listening quietly.
"Super happy," she said, moving closer to hug my arm tightly. JYP and I chatted for a while, and soon the contract was ready. It just needed Brian's and my signatures.
"Sir, here's the contract. Please double-check it," JYP handed us the papers. I quickly read through it and signed.
"Give me your bank account details and inform your bank that you will be receiving a billion. Banks usually have limitations, right? I'll give you my number, and call me once you've contacted them so I can send the money as soon as possible," Neo wrote down his number and handed it to JYP.