Interest

Interest. Interest on the Principal Amount outstanding from time to time hereunder shall be payable at the prime lending rate of the Canadian Imperial Bank of Commerce plus 3%, per annum, and shall be due and payable quarterly at the end of each calendar quarter during which interest accrues on the Note (the " Interest "). Interest on this Note shall be computed on the basis of a 365 day year. Whenever interest is computed on the basis of a year (the " deemed year ") which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year. Notwithstanding any other provision in this Note, no Interest under this Note will begin to accrue until the date that is 120 days after the Original Issue Date.