Extenway Completes Debt Settlement and Second Tranche of a $2,915,600 Private Placement and Grants Options - Seite 3

Early Warning Reports

Prior to completion of the Second Tranche and Debt Settlement, Mr. McAllister had: (i) direct ownership of 2,000,000 common shares of Extenway (including securities convertible into 1,000,000 common shares of Extenway); and (ii) indirect ownership through his wholly-owned holding company, John McAllister Holdings Inc., of an additional 34,834,688 common shares of Extenway (including securities convertible into 3,846,153 common shares of Extenway), collectively representing 24.90% of the Company's issued and outstanding common shares on a partially diluted basis.

Pursuant to the Debt Settlement, Mr. McAllister acquired direct ownership of 3,291,875 common shares of Extenway and indirect ownership of an additional 30,073,784 common shares of Extenway through his wholly-owned holding company, John McAllister Holdings Inc., collectively representing 11.43% of the Company's issued and outstanding common shares on an undiluted basis following completion of the Transactions. As a result, Mr. McAllister is deemed to have direct ownership of 4,692,516 common shares of Extenway (including securities convertible into 1,400,641 common shares of Extenway) and indirect ownership of an additional 62,062,319 common shares of Extenway, which collectively represent 22.75% of the Company's issued and outstanding common shares, on a partially diluted basis, following completion of the Transactions.

Prior to completion of the Second Tranche and Debt Settlement, Mr. Brown had direct ownership of 30,975,210 common shares of Extenway (including securities convertible into 1,000,000 common shares of Extenway), representing 21.50% of the Company's issued and outstanding common shares on a partially diluted basis.

Pursuant to the Debt Settlement, Mr. Brown acquired direct ownership of 8,875,000 common shares of Extenway, representing 3.04% of the Company's issued and outstanding common shares on an undiluted basis following completion of the Transactions. As a result, Mr. Brown is deemed to have direct ownership of 40,050,530 common shares of Extenway (including securities convertible into 1,200,320 common shares of Extenway), which represents 13.66% of the Company's issued and outstanding common shares, on a partially diluted basis, following completion of the Transactions.