- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Greystone Business Credit II, L.L.C.

2. Date of Event Requiring Statement (MM/DD/YYYY) 12/18/2009

3. Issuer Name and Ticker or Trading Symbol

Hawk Systems, Inc. [HWSY]

(Last) (First) (Middle)

152 WEST 57TH STREET, 11TH FLOOR

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

NEW YORK, NY 10019

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock, $0.01 par value per share ⁽¹⁾	4000000	D ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:
( 1)	These shares were acquired by Greystone Business Credit II, L.L.C. upon default of a pledge agreement.
( 2)	These shares are beneficially owned directly by Greystone Business Credit II, L.L.C., and indirectly by way of Greystone Business Credit II, L.L.C., if at all, by the other joint reporting persons, each of whom disclaims beneficial ownership of these securities. This report shall not be deemed an admission that any of the other joint reporting persons is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purposes.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Greystone Business Credit II, L.L.C. 152 WEST 57TH STREET, 11TH FLOOR NEW YORK, NY 10019		X
Greystone Real Estate Holdings Corp. 152 WEST 57TH STREET, 60TH FLOOR NEW YORK, NY 10019		X
Greystone & Co. Holdings L.L.C. 152 WEST 57TH STREET, 60TH FLOOR NEW YORK, NY 10019		X
Stephen Rosenberg 2004 Descendants' Trust 152 WEST 57TH STREET, 60TH FLOOR NEW YORK, NY 10019		X

Signatures
Greystone Business Credit II, L.L.C. /s/ Allison W. Berman		3/11/2010
^** Signature of Reporting Person		Date
Greystone Real Estate Holdings Corp. /s/ Stephen Rosenberg		3/11/2010
^** Signature of Reporting Person		Date
Greystone & Co. Holdings L.L.C. /s/ Stephen Rosenberg		3/11/2010
^** Signature of Reporting Person		Date
Stephen Rosenberg 2004 Descendants' Trust /s/ Curtis A. Pollack, trustee		3/11/2010
^** Signature of Reporting Person		Date
Stephen Rosenberg 2004 Descendants' Trust /s/ Robert R. Barolak		3/11/2010
^** Signature of Reporting Person		Date
Stephen Rosenberg 2004 Descendants' Trust /s/ Mordecai Rosenberg		3/11/2010
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.