Consultant agreement - transactions as loans?

I've been given a paper to sign where it says:

You will be paid equivalent when/if SomeCompany makes turnover. 

Eventually transactions between the parties must be seen as loans. 

 

It's hard to say what that means, since it isn't written in proper English, and it seems to be taken out of context.

A fair guess is that it means:

• You're not getting paid with money for the work you do.
• You are getting 'paid' by SomeCompany agreeing to owe you money. In other words they acknowledge having a debt to you, and issue an "I Owe You" document.
• Payment of their debt to you is dependent on SomeCompany getting sales (called turnover by them ).
• If SomeCompany doesn't achieve sales, then you're probably never paid. In this case you would most likely have an un-secured loan against a company that has gone bankrupt.

See if the above seems to match the rest of the document you have, and your conversations with them. If it does, I would caution that this arrangement smells of amateurism, and it's unlikely you will ever see payment from them.