Can anyone make sense of this private loan arrangement in...

Can anyone make sense of this private loan arrangement in regards to how Tarney (and most likely Sija) are to be payed back. Initially it was to be in cash or by issue of shares at 4.5c. To me it seems as though Tarney especially (who happens to be a director) is now amending the contract and will be paid back his 200k in shares at a price of 3c.... and then has increased the funding amount another 300k to be paid back in shares at 3c (at such a bargain price, who wouldn't).
Directors appear to be altering previous contracts in terms that are more favourable to themselves and at the expense of shareholders......... is there no end to this company's enthusiasm for dilution and driving it into the ground.
I want to positive about ORN, has so much gong for it.... aint easy at present!!