The loan payable is payable on demand, unsecured and bears no
interest. The loan shall be payable on demand within five (5) days
from the date of request. In the event payment is not timely made,
interest will accrue on the unpaid balance at the rate of 15% per
annum, compounded monthly, from and after the date of such failure
to pay. As of December 31, 2011, the loan consisted of $101,175
principal and accrued interest of $Nil.