Peter Biglane - Jan 14, 2022 Form 3 Insider Report for CoJax Oil & Gas Corp (CJAX)

Role: 10%+ Owner
Signature: /s/ Peter Biglane
Stock symbol: CJAX
Transactions as of: Jan 14, 2022
Transactions value $: $0
Form type: 3
Date filed: 11/15/2022, 01:35 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CJAX	Common Stock						1.35M	Jan 14, 2022	By Rosswood Capital LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 3 is filed jointly by Rosswood Capital LLC ("Rosswood") and Peter Biglane ("Mr. Biglane" and together with RC Ventures, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F2	These shares were issued to Central Operating, LLC upon debt conversion of $2,700,000, the total outstanding amount due by the registrant to Central Operating, LLC pursuant to the Debt Exchange Agreement, dated November 16, 2021, and subsequently transferred by a gift transfer to Rosswood Capital LLC. Securities of the Issuer owned directly by Rosswood. Mr. Biglane, as the Manager of each of Central Operating LLC and Rosswood, may be deemed to beneficially own the securities of the Issuer which are owned directly by Rosswood.

Content

This Form 3 is filed jointly by Rosswood Capital LLC ("Rosswood") and Peter Biglane ("Mr. Biglane" and together with RC Ventures, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

These shares were issued to Central Operating, LLC upon debt conversion of $2,700,000, the total outstanding amount due by the registrant to Central Operating, LLC pursuant to the Debt Exchange Agreement, dated November 16, 2021, and subsequently transferred by a gift transfer to Rosswood Capital LLC. Securities of the Issuer owned directly by Rosswood. Mr. Biglane, as the Manager of each of Central Operating LLC and Rosswood, may be deemed to beneficially own the securities of the Issuer which are owned directly by Rosswood.