VB Upgrade versus having 2 Licenses
 

Vbulletin,

I'm a longtime customer that hasn't re-upped his subscription in a long time. I want to clarify something before I do.

Currently, I have an "Inactive - Expired vBulletin 3.x Forum (Owned)" forum. I'm interested in upgrading to 4.x and testing out the 5.x beta. If I do not upgrade but instead buy another license then I will be allowed to have 2 forums running for 2 separate sites--1 with 3.x and another with 4.x or 5.x, correct?

I just want the above distinction made before I decide.

Thank you!