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Re: Daytime_Lantern post# 40991

Monday, 09/01/2014 6:52:18 AM

Monday, September 01, 2014 6:52:18 AM

Post# of 68819
You have misinterpreted the role of Eyetalk365, Lantern

I understand what you are saying, but let's look at the wording:

Eyetalk365 contributed this note to RCI as partial consideration for the exclusive license agreement dated February 24, 2014.

The key word here is 'exclusive'.

The 'partial consideration' is for the 'exclusive' license agreement.

There can only be one 'exclusive' license, and the SEC has been told (in an 8-K) that the license is held by a single licensee.

Therefore, the 'partial consideration' can only mean that it is part of the total consideration due for that agreement.

The other part of the total consideration due is 40% of royalties earned from use and/or sub-licensing of the patents.

Ron Carter and Solomon Ali arranged for Eyetalk365 to be created so that they could point to a 'separate' entity with which they concluded an LOI, and to which they issued a license.

HOWEVER, and to pick up on your point, Eyetalk365 could be used to siphon off royalty income.

Eyetalk365 LLC files no income statements, so only Carter and Ali would know if REVO received 40% of any royalty income earned by Eyetalk365.

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