Exhibit 10.2 CONFIDENTIAL DEMAND LOAN Date of Issuance: June 15, 2008 Borrower: Silver Bay Resources Inc. ("Silver Bay") Lender: Donald Gardner Structure: Demand Loan ("Loan") Principal: $60,000 USD. Period: No fixed term Interest: Zero percent Terms:...Silver Bay Resources Inc. • October 20th, 2008 • Metal mining
Terms: Upon the mutual agreement of both the borrower and lender, Silver Bay Resources Inc shall pay back in full the principal owed.
