Mr. Laurie Baggio reports

EXTENSION OF LOANS PAYABLE

Plank Ventures Ltd. plans to extend the maturity of existing loans the company has with Lanebury Growth Capital Ltd., Cascadia Junk Removals Inc., Phoenix Ventures Inc. and Code Consulting Ltd.

Extension of repayment terms of loans from Lanebury Growth Capital, Cascadia Junk Removals, Phoenix Ventures and Code Consulting

The company has entered into agreement with Lanebury Growth Capital. On Dec. 29, 2025, it will extend a loan which was due to mature on Dec. 31, 2025, to mature on June 30, 2026. The interest rate of the loan shall remain at 12 per cent annually. The loan was entered into on Sept. 30, 2023, for the original principal amount of $4,308,251.

The company has also entered into agreement with Cascadia Junk Removals and U.S. C-Corp. On Dec. 29, 2025, it will extend a loan, which was due to mature on Dec. 31, 2025, to mature on June 30, 2026. The interest rate of the loan shall remain at 12 per cent annually. The loan was entered into on Aug. 30, 2018, for the original principal amount of $300,000 (U.S.).

The company has also entered into agreement with Phoenix Ventures. On Dec. 29, 2025, it will extend a loan, which was due to mature on Dec. 31, 2025, to mature on June 30, 2026. The interest rate of the loan shall remain at 12 per cent annually. The loan was entered into on Dec. 31, 2024, for the original principal amount of $412,602.

The company has also entered into agreement with Phoenix Ventures. On Dec. 29, 2025, it will extend a loan, which was due to mature on Dec. 31, 2025, to mature on June 30, 2026. The interest rate of the loan shall remain at 12 per cent annually. The loan was entered into on Jan. 14, 2025, for the original principal amount of $50,000.

The company has also entered into agreement with Code Consulting. On Dec. 29, 2025, it will extend a loan, which was due to mature on Dec. 31, 2025, to mature on June 30, 2026. The interest rate of the loan shall remain at 12 per cent annually. The loan was entered into on Dec. 31, 2024, for the original principal amount of $765,135.

The company has also entered into agreement with Code Consulting. On Dec. 29, 2025, it will extend a loan, which was due to mature on Dec. 31, 2025, to mature on June 30, 2026. The interest rate of the loan shall remain at 12 per cent annually. The loan was entered into on Jan. 10, 2025, for the original principal amount of $225,000.

The loan from Lanebury Growth Capital and the loan from Cascadia Junk Removals are related-party transactions pursuant to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Laurie Baggio is the beneficial owner of Cascadia Junk Removals, a director of Plank, and a control person of Cascadia and Plank, and, as such, Mr. Baggio has abstained from voting with respect to the loan from Cascadia to Plank. Lance Tracey is a control person of both Plank and Lanebury Growth Capital.

Plank relied on the exemption from the valuation requirement pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) of Multilateral Instrument 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(f) (Loan to Issuer, No Equity or Voting Component) of MI 61-101.

The company's chief executive officer, Mr. Baggio, is the owner of Phoenix. He abstained from voting on the extensions of the repayment terms of these two loans. The extensions of the repayment terms of these two loans are related-party transactions pursuant to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Plank relied on the exemption from the valuation requirement pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(f) (Loan to Issuer, No Equity or Voting Component) of MI 61-101.

The above extension of the repayment terms of the two loans from Code Consulting is a related-party transaction pursuant to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) because Mr. Tracey is the beneficial owner of Code and a control shareholder of Plank. Plank relied on the exemption from the valuation requirement pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(f) (Loan to Issuer, No Equity or Voting Component) of MI 61-101.

About Plank Ventures Ltd.

Plank is an investment company targeting investments and business opportunities in the technology arena, focusing on early-stage start-up companies that already have developed a customer and revenue base and were seeking financing for expansion.

We seek Safe Harbor.