Vivakor Inc. issued a total of 6,488,276 shares of common stock to J.J. Astor & Co. after receiving Notices of Conversion for $400,000 and $500,000 of a convertible promissory note, with proceeds of $5,000,000 received earlier under a $6,625,000 loan agreement. Additionally, Vivakor issued 82,500 shares with a restrictive legend to a non-affiliated accredited investor as an incentive for entering into a $647,500 convertible promissory note, for which the company received $550,000.
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