He got away with nothing. Here is the beginning of the report. "During 2012, the Company loaned $100,000 to Leon Pierhal, President and CEO of the Company. Pierhal agreed to repay the full amount of the Indebtedness by a reduction or offset in the amount of remuneration payable to him from $252,000 to $185,000 per annum and the amendment of terms of his employment agreement (the “New Contract”). ". The other $s are from the part you posted. The sedar web site does not like iPhone cut and past so I could not grab the whole thing . All is well and above board. Nobody raided the cookie jar. Derekwpg