Hawkeye Systems borrows $1M from Steve Hall at 12% to fund $1M loan to CNTNR USA

Hawkeye Systems, Inc.

Issued $1M promissory note to Steve Hall at 12% interest, due May 31, 2023 or upon debt financing closing.
Lent $1M to CNTNR USA at 12% interest; $200k advanced; matures Sept 30, 2023 or at financing.
Upon maturity, CNTNR pays principal/interest and issues 10% of its shares (6,170,879) plus warrants at 30% discount.
Hawkeye will transfer 90% of CNTNR shares and warrants received to Steve Hall as repayment.
Hawkeye receives $5k/month consulting fee from CNTNR and a 5% commitment fee ($50k) on the loan.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hawkeye Systems, Inc. entered into CNTNR Note with CNTNR USA Inc. valued at $1,000,000 (effective 2023-04-06).

Action: entry
Agreement: notes offering
Counterparty: CNTNR USA Inc.
Value: $1,000,000
Effective: 2023-04-06

Exact text from the filing

On April 6, 2023, the Company entered into an unsecured Promissory Note Agreement (the “CNTNR Note”) with CNTNR USA Inc., a Delaware corporation (“CNTNR”), whereby the Company will lend CNTNR one million dollars ($1,000,000) (the “Principal Amount”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hawkeye Systems, Inc. entered into Steve Hall Note with Steve Hall valued at $1,000,000 (effective 2023-03-29).

Action: entry
Agreement: notes offering
Counterparty: Steve Hall
Value: $1,000,000
Effective: 2023-03-29

Exact text from the filing

On March 29, 2023, Hawkeye Systems, Inc. (the “Company”) issued a $1,000,000 promissory note with an annual 12% interest rate to Steve Hall (the “Steve Hall Note”).

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Source: SEC EDGAR

accession 0001477932-23-002415

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