HALLMARK VENTURE GROUP, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)

Item 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT

On April 6, 2023, Hallmark Venture Group, Inc (the "Company") issued a $50,000, 10% convertible promissory note to Selkirk Global Holdings, LLC ("Holder"), an entity controlled by the Company's Secretary and Director, Paul Strickland (the "Note"). The Note matures April 5, 2024, has a 10% Original Issue Discount (OID) and is convertible into the Company's common stock at a price equal to 55% of the average closing price of the Company's common stock during the 20 consecutive trading days prior to the date on which the Holder elects to convert all or part of the Note. The Note is being funded through the direct payment of Company expenses.

A copy of the Note which is filed as Exhibit 10.1 hereto and incorporated by reference in this Current Report on Form 8-K.

Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AND OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT;

The information included in Item 1.01 of this Current Report on Form 8-K is also incorporated by reference into this Item 2.03 of this Current Report on Form 8-K

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