EXTENSION AGREEMENT

EXTENSION AGREEMENT

THIS AGREEMENT is dated as of the 23rd day of July, 2009

BETWEEN:

BAKO RESOURCES INC. , a British Columbia corporation having its registered office at Suite 950, 650 West Georgia Street, Vancouver, British Columbia, Canada V6E 3P3

(hereinafter called the "Vendor")

OF THE FIRST PART

AND:

PENGRAM CORPORATION , a Nevada corporation having its registered office at 8275 S. Eastern Avenue, Suite 200, Las Vegas, NV 89123

(hereinafter called the "Purchaser")

OF THE SECOND PART

WHEREAS:

A. The Vendor and the Purchaser entered into a Purchase Agreement (the “Purchase Agreement”) dated December 16, 2008 pursuant to which the Purchaser acquired a 100% interest the Property (as defined in the Purchase Agreement) from the Vendor. In consideration of the Property, the Purchaser issued to the Vendor 2,000,000 pre-split (6,000,000 post-split) shares of its common stock and a promissory note in the amount of CDN $70,000 payable on June 30, 2009 (the “Promissory Note”).

B. The Vendor has agreed to extend the due date of the Promissory Note to December 31, 2009 and in consideration of the extension the Purchaser has agreed to issue 60,000 shares of its common stock to the Vendor.

NOW, THEREFORE, in consideration of the covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency are hereby acknowledged, the Vendor and the Purchaser agree as follows: