10-Baggas Factory 10

[The_Pink_Lawyer]

The BlackHawk Fund is a business development company focused on acquiring and developing promising enterprises in order to create a portfolio of growth companies in expanding markets.

Company Information;
The Blackhawk Fund acquires and redevelops residential and commercial real estate for investment. Once we acquire a property, we redevelop and refurbish the properties, seeking to enhance the value of the properties. Once a property is refurbished, we seek to generate revenue by rental of the property, and we also seek to resell the properties if market conditions permit.

In light of the distress in the real estate markets, we are seeking out real estate acquisition opportunities to increase and diversify our real estate portfolio.

We are also considering diversifying into additional lines of business. We may seek to form one or more partnerships, enter into one or more joint ventures, or conduct one or more strategic acquisitions.

Recent Developments;
Purchase of Desert Hot Springs Real Estate. In December 2008, we purchased two lots consisting of 3.5 acres in Desert Hot Springs, California. This property is zoned for residential dwellings. We are determining whether to build finished lots or in the alternative to sell the land to a developer. The value of the property has been assessed at $100,814.

Distribution of San Diego County Real Estate. In February 2009, we transferred a condominium located in Carlsbad, California and a residential property located in Oceanside, California. We recognized a gain on sale of assets of $1,015,178 in connection with this transaction resulting from the reduction and elimination of the debt associated with these properties.

Management;
Francis X. Marshik is our President and Chief Executive Officer. Mr. Marshik retired in 1986 from M.W. Kellogg, an engineering, construction, and fabrication company, where he served as its Senior Vice President of Global Business Development since 1980. From 1974 to 1980, Mr. Marshik was Commercial Vice President of M.W. Kellogg in London, and from 1968 to 1972, he was the head of the Far East as General Manager of Japan. From 1950 to 1966, Mr. Marshik held various positions at C.F. Braun, an engineering company. He received a Bachelor of Science from Oregon State University. Mr. Marshik served as a director of Hemiwedge Industries, Inc., a publicly traded company on the OTC Bulletin Board, from 2002 to 2009.

Frequently Asked Questions;
1. What is the trading symbol and CUSIP number for The Blackhawk Fund’s common stock?
BHWF - CUSIP: 092371202

2. Where is The Blackhawk Fund’s common stock traded?
OTC Bulletin Board®

3. Who is The Blackhawk Fund’s transfer agent and how does a registered shareholder contact the agent regarding account information?
Computershare
350 Indiana Street, Suite 750
Golden, CO 80401
800-962-4284

4. How can I get a copy of The Blackhawk Fund’s annual report?
When available, it will be provided on The Blackhawk Fund’s website.

5. In what year was The Blackhawk Fund incorporated?
1998

6. Who is the Blackhawk Fund’s outside legal counsel?
Indeglia & Carney

7. Who are The Blackhawk Fund’s independent accountants?
Gruber & Company, LLC
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http://www.reuters.com/finance/stocks/overview?symbol=BHWF.OB