Quarterback Resources — Capital/Financing Update 2025

Jun 10, 2025

PROMISSORY NOTE

DATED as of May 31, 2025

TO: Erwin Wong
[address redacted]
(the "Lender")

FOR VALUE RECEIVED, we, Quarterback Resources Inc., a British Columbia corporation ("Quarterback"), promise to pay to the Lender the principal amount specified below ("Principal").

The following are the terms and conditions of the Note:

1. Principal amount: $10,000.00
2. Payment: Quarterback promises to repay the Principal to the Lender forthwith following written demand from the Lender, provided that the Lender cannot demand repayment of the Principal before October 1, 2026.
3. Interest: No interest shall accrue on the Principal.
4. Assignment: The parties hereto may not assign this Note, or any right or obligation under this Note, without prior written consent of the other party.
5. Entire Agreement: This Note constitutes the entire agreement to date between the parties hereto and supersedes every previous agreement, communication, expectation, negotiation, representation or understanding, whether oral or written, express or implied, statutory or otherwise, between the parties with respect to the subject of this Note.
6. Time of Essence: Time is of the essence of this Note.
7. Severability: If any one or more of the provisions contained herein should be invalid, illegal or unenforceable in any respect in any jurisdictions, the validity, legality and enforceability of such provisions shall not in any way be affected or impaired thereby in any other jurisdiction and the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.
8. Currency: All funds and dollar amounts referred to in this Note are in the lawful currency of Canada.

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1. Jurisdiction:
   This Note shall be interpreted in accordance with the laws in effect from time to time in the Province of British Columbia, Canada.

IN WITNESS WHEREOF this Promissory Note has been executed as of the day and year first above written.

QUARTERBACK RESOURCES INC.

per: “Clive Brookes”

Clive Brookes, Director