|6.||Material Contingencies and Commitments|
Panex has no material contingencies or long-term
While Panex has raised capital to meet its working
capital and financing needs in the past, additional financing is required in order to fully complete its plan of operation and
launch its business operations. Panex is seeking financing in the form of equity in order to provide the necessary working capital.
Panex currently has no commitments for financing. There are no assurances Panex will be completely successful in raising the funds