PENGE CORP. PROMISSORY NOTE EXTENSION

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                                                                    EXHIBIT 10.2



                                   PENGE CORP.
                            PROMISSORY NOTE EXTENSION

                                                Date: December 1, 2006


To whom it may concern;


      o      Penge Corp has a $30,000 promissory note with Philip Oleson that is
            due on December 13, 2006.

      o      The parties agree to extend the promissory notes on a month to month
            basis. The p