I want to minimize copyright
 

My footer copyright looks like this:

I want it to look like this:

But I'm afraid I'll break something if I alter the code. What should the correct code be?

Edit the phrase, powered_by_vbulletin and remove the <br /> that is in the phrase.

and Version {1}

Yeah you can remove the version if you wish.

Or pay for the branding free option like I did and then you can remove it completely

Yes that is another option, I did the same thing. But some people can't afford it. So minimizing it is the way to go. :)

Send me the amount and I'll do that.

That would be against your purchase agreement

How would you sending him the amount for removing the branding free violate his purchasing agreement?

It wouldn't. He's slippin on his comebacks ;)