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., Phoenix Ventures Inc., Cascadia Junk Removals Inc. and Code Consulting Ltd.

Extension of Repayment Terms of Loans from Lanebury Growth Capital Ltd, Phoenix Ventures Inc, Cascadia Junk Removals Inc and Code Consulting Limited.

The Company has entered into agreement with Lanebury Growth Capital Ltd. that on December 29 th , 2023, they will extend a loan which was originally due to mature on December 31 st , 2023 to mature on June 30 th , 2024. The interest rate of the loan shall remain at 12% annual. The loan was entered into on September 30 th , 2023 for the original principal amount of $4,308,251 CAD.

The Company has also entered into agreement with Phoenix Ventures Inc. that on December 29 th , 2023, they will extend a loan which was originally due to mature on December 31 st , 2023 to mature on June 30 th , 2024. The interest rate of the loan shall remain at 12% annual. The loan was entered into on September 30 th , 2023 for the original principal amount of $216,232 CAD.

The Company has also entered into agreement with Cascadia Junk Removals Inc. that on December 29 th , 2023, they will extend a loan which was originally due to mature on December 31 st , 2023 to mature on June 30 th , 2024. The interest rate of the loan shall remain at 12% annual. The loan was entered into on August 30 th , 2018 for the original principal amount of $300,000 USD.

The Company has also entered into agreement with Code Consulting Limited that on December 29 th , 2023, they will extend a loan which was originally due to mature on December 31 st , 2023 to mature on June 30 th , 2024. The interest rate of the loan shall increase to 12% annual. The loan was entered into on December 13th, 2022 for the original principal amount of $200,000 CAD.

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

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 funding for expansion.

We seek Safe Harbor.