CoJax Oil exchanges $2.7M promissory note for 1.35M shares; holder now 24.8% owner

CoJax Oil & Gas Corp

Issued 1,350,000 shares at $2.00 per share to discharge $2.7M total debt held by Central Operating, LLC.
Full retirement of Second Amended and Restated Promissory Note due April 30, 2022.
Holder became beneficial owner of approximately 24.8% of outstanding common stock.
Shares issued in reliance on Section 4(a)(2) exemption; restricted securities with legends.

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