$2 Mil in fees and share bonus, page-41

Having a closer look as Spiro's deal :

the Company has agreed to issue to Spiro 2,500,000 options (Pappas Options) under the EIP on the
following key terms:
(i) 1.25 million Pappas Options will be exercisable at AUD$0.60 each within 5 years of the date of
the issue, vesting on the first anniversary of the date of issue; and
(ii) 1.25 million Pappas Options will be exercisable at AUD$0.60 each within 5 years of the date of
the issue, vesting on the second anniversary of the date of issue; and
(iii) the relevant Pappas Options will only vest if:
A. the Consultancy Agreement is not terminated by the Company before completion of the
Term;
B. the Funding Project is successfully completed; and
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C. Spiro remains a Director of the Company as at each vesting date;

So -
A. It's in his best interest to stay with the company as director for 2 years
B. If the issue price is 60 cents, then If the SP reaches 90 Cents by vesting date - he has doubled his monthly fee
C. It would seem his primary role is gaining finance ?