I know how to read a contract, that's why I included a copy so others could get a good look, so anyone looking to spin it into anything other than what it is, is not gonna fly with me.
You're leaving out a crucial part which is that they already booked the $240k for FY17. You can argue next April whether MCIG has an extra $240k laying around to pay Paul and Hawkins their salary in cash or shares.
The same applies for bonuses.
As for 3% restriction -- I go by what's submitted as exhibits in audited financial reports, and there's no proof anywhere in that contract that there's a percentage restriction. Find it in the contract and I'll be happy to admit I was wrong.