You have misinterpreted the role of Eyetalk365, Lantern
I understand what you are saying, but let's look at the wording:
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.
REVO: the piggy-bank of Ron_Carter and Solomon_Ali, Lantern Ron Carter doesn't need to use Eyetalk365 as a source of cash. He already has REVO for that. He gets ready cash by awarding himself REVO shares.
He simply issues himself $200,000 in convertible loan notes. That converts into 100m shares, at the $0.002 strike rate. He then sells a portion of those shares (for which he files a Form 4) or assigns the loan notes (for which there is no need to file a Form 4).
He's been doing this for years.
BUT, with the volume of convertible loan notes issued to Solomon Ali and his cronies, the well of 1bn authorized shares is running dry.
The piggy back needs a cash top-up, and that's why the Board are now proposing a private offering of shares.