Hallmark Venture cancels $8,130 debt via agreement with Phase I Operations

HALLMARK VENTURE GROUP, INC.

Debt Cancellation Agreement executed April 10, 2024 with Phase I Operations, Inc.
Remaining $8,130 balance on 10% Convertible Promissory Note (issued March 2017) canceled.
Note was assigned to Phase I Operations on March 7, 2023; no further payments due.
Agreement includes mutual release and waiver of all claims related to the note.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HALLMARK VENTURE GROUP, INC. entered into Debt Cancellation Agreement with Phase I Operations, Inc. valued at $8,130 of remaining debt canceled (effective 2024-04-10).

Action: entry
Counterparty: Phase I Operations, Inc.
Value: $8,130 of remaining debt canceled
Effective: 2024-04-10

Exact text from the filing

On April 10, 2024, Hallmark Venture Group, Inc (the “Company”) entered into a Debt Cancellation Agreement with Phase I Operations, Inc ., a non-affiliate of the Company. $8,130 of remaining debt was canceled.

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Source: SEC EDGAR

accession 0001493152-24-015117

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