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