HALLMARK VENTURE GROUP, INC. (HLLK): M&A transaction — Hallmark Venture Group completes change of control; acquires drone IP; plans name change to SDR Drone Inc.

Our management has determined that, as of the closing of the Control Agreement, effective June 9, 2026, our company ceased to be a "shell company" as defined in Rule 12b-2 of the Exchange Act.

Effective June 9, 2026, the closing date of the Control Agreement, there occurred a change in control of the Company.

On June 9, 2026, Hallmark Venture Group, Inc., a Florida corporation (the "Company" ), entered into a Change of Control Agreement (the "Control Agreement" ) with Selkirk Global Holdings, LLC ( "Selkirk" )and EQUORIX LLC ( "EQUORIX" ), pursuant to which EQUORIX acquired (a) 100,000 shares of Series A Preferred Stock (the "Acquired Preferred Stock" ) from Selkirk and (b) 50,000,000 shares of common stock (the "Acquired Common Stock" ) from the Company (collectively, the Acquired Preferred Stock and the Acquired Common Stock are referred to as the "Control Shares" ).

In conjunction with the IP Assignment Agreement, the Company, as licensor, entered into an Exclusive License-Back Agreement (the "License-Back Agreement" ) with Sundori Korea, as licensee.

On May 26, 2026, the Company issued to EQUORIX an 8% Convertible Promissory Note with a total face value of $100,000 (the "EQUORIX Note" ).

In conjunction with the Control Agreement and as partial consideration for the Company and Selkirk entering into the Control Agreement, the Company, as assignee, entered into an Intellectual Property Transfer and Technology Assignment Agreement (the "IP Assignment Agreement" ) with Cho Sun Sik, a Director and a Co-Chief Executive Officer of the Company, and Sundori Drone Co., Ltd. ( "Sundori Korea" ), as assignors (Cho Sun Sik and Sundori Korea are referred to as the "Assignors" ).

In conjunction with the IP Assignment Agreement, the Company, as customer, entered into a Master Services Agreement (the "Master Agreement" ) with Sundori Korea, as service provider.