AHQ say: In 2011, the consolidated entity entered loan facility...

AHQ say:
In 2011, the consolidated entity entered loan facility agreements with Gullewa Ltd. On 4 August 2016 the parties entered a deed of loan variation, whereby Gullewa was paid $1,104,000 in partial satisfaction of the amount owed to it under the 2011 agreements. The balance outstanding of $659,000, which is unsecured, may be satisfied by the issue and allotment of shares in the Company at a price of $0.025 per share (subject to any share reconstruction and shareholders’ approval) or by repayment in cash, subject to Gullewa’s agreement. The loan will be interest free until 4 August 2019, after which interest will accrue daily and be capitalised monthly, at a rate of BBSW + 4%, on any unpaid balance. The loan must be repaid in full, whether in cash or by the issue and allotment of shares, by 4 August 2021.

GUL says:
In 2011, Gullewa Ltd entered loan facility agreements with Allegiance Coal Limited. On 4 August 2016 the parties entered deed of loan variation, whereby Gullewa was paid $1,104,000 in partial satisfaction of the amount owed to it under the 2011 agreements. The balance outstanding of $659,000, which is unsecured, may be satisfied by the issue an allotment of shares in Allegiance Coal Led as a price $0.025 per share (subject to any share reconstruction and shareholders’ approval) or by repayment in cash, subject to Gullewa’s agreement. The loan will interest free until 4 August 2019, after which interest will accrue on any unpaid balance. The loan must be repaid in full, whether in cash or by the issue and allotment of shares, by 4 August 2021.

It doesn't sound clear to me, where:

1. AHQ repayment method is subject to AHQ shareholder approval

2. But where it is also subject to GUL's agreement