Black Hawk Acquisition issues up to $300K convertible note to sponsor at 10% interest

Black Hawk Acquisition Corp

• Convertible note principal up to $300,000 issued to sponsor Black Hawk Management LLC.
• Note bears 10% interest per annum; due upon business combination or liquidation.
• Sponsor may convert principal at $1.00 per share into ordinary shares upon DeSPAC.
• Proceeds used for working capital expenses; note exempt from registration under Section 4(a)(2).