Hallmark Venture Group Inc.

11/21/2024 | Press release | Distributed by Public on 11/21/2024 08:35

Material Agreement Form 8 K

ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT

On October 9, 2024, Hallmark Venture Group, Inc. (the "Company") authorized the issuance of up to $500,000 in non-convertible promissory notes. The notes, when issued, will bear interest at a rate of 12% per month and will be due and payable six months after issuance. Purchasers of the notes will also be issued a common stock purchase warrant (each a "Warrant"). The warrant shall be exercisable at a price of $2.00 per share and shall expire two years after the issuance date.

On October 28, 2024, the Company issued a $33,000 promissory note and a warrant to purchase 825 shares of Company common stock.

On November 4, 2024, the Company issued a $30,000 promissory note and a warrant to purchase 750 shares of Company common stock.

On November 15, 2024 the Company issued a $25,000 promissory note and a warrant to purchase 625 shares of Company common stock.

A copy of the aforementioned documents which are filed as Exhibits hereto and incorporated by reference in this Current Report on Form 8-K.