PROMISSORY NOTE 5   $20,000.00 Arlington County, Virginia November 15, 2019    For valuereceived, andintending tobe legally bound,CoJax Oil and Gas Corporation, a Virginia corporation, anditssuccessorsin interest("Maker")promisesto payto the order ofJEFFREYGUZY, anatural   person,("Holder")   theprincipalsum of TWENTYTHOUSAND($20,000.00) ("principal")andsimple annualinterestaccruedthereonat TWOPERCENT(2%)perannum ("interest").  Principaland accruedinterestshallbe dueandpayableon NOVEMBE5,2020 ("MaturityDate").The Maker may prepay allorany portionofthisPromissory Note without penalty atanytime.  Acceleration.All indebtednessprovided forin this PromissoryNote shallbecome due and payable immediately,upon noticetothe Maker:  (1)Termination ofanyemployment agreementbetweenMaker andHolder;or (2)Thefailureto pay the principaland accruedinterest thereonontheMaturityDate;or (3)Anyothermaterial breachof anytermor condition set forth inthisPromissory Note by the Makerthat isnotcured within fifteen (15)daysfollowing written notice ofsuchbreach from theHolder;or (4)The filingofavoluntary orinvoluntary petitionby or onbehalfofthe Maker under anyoftheprovisions ofthe federal bankruptcy laws,whichpetition is notwithdrawnin 60 daysfromdateof following; or (5)Makeradoptsa planof completedissolution.  CollectionCosts.The Makeragreestopay all actual expenditures incurred by theHolder inanysuccessfulattempt tocollectany amountdue underthisPromissoryNote,including allcosts oflegalaction andreasonableattorneys' fees.  Extensions andWaivers.No extension of time for payment granted bytheHolder ofallor any partofthe amountowedunderthis Promissory Noteat any timeshall affectthe liabilityoftheMaker, or ofanysurety, accommodationparty,guarantor, or endorser ofthis Promissory Note.Acceptance by the Holderofanypartial paymentofprincipalorinterestaccrued thereon, after anydefaultshallnotoperate to extendthetime of payment of anyamountthenremaining unpaidor constitute a waiver of any oftheother rights of theHolder under thisPromissory Note; provided,however,thattheMakershall be entitled to a fifteen(15)daygrace period withrespect toeach payment duehereunder.Nodelaybythe Holder inexercising anypowerorrightshalloperate as a waiverofany power or right. Nosingleor partial exercise of anypowerorrightshall precludeother orfurtherexercise of thepowerorright,or the exercise ofanyotherpowerorright. Thewaiver of anydefaultor grounds for acceleration bythe Holdershallnotoperate as a waiver of any subsequentdefaultor  1


grounds for acceleration, or of any power or right the Holder mayhave under the terms of this Promissory Note.  Waiver of Presentment, Notice of Dishonor,and Protest. Subject to the notice and cure, and grace period provisions of this Promissory Note,the Makerwaives demand and presentment for payment,notice of protest,and protest of this Promissory Note.  Modifications.No waiver or modification of the terms of this Promissory Note shall be valid unless in writing,signed bythe Maker and the Holder. Any modification shall be valid onlyto the extent set forth in writing.  Jurisdiction. This Agreement shall be construed and enforced under,and in accordance with, the laws of the Commonwealth of Virginia (excluding the Commonwealth of Virginia's statutes and cases regarding conflicts of laws). Venue for resolution of disputes shall be in Arlington County,Virginia.  Payments Unconditional; No Defense or Setoff. The obligations of the Maker to paythe principal and the accrued interest on this Promissory Note and all other amounts payable to the Holder hereunder shall be absolute and unconditional without defense or set-off by reason of any default by the Holder under this Promissory Note.  Assignment. The Holder may assign its rights under this Promissory Note to one of its affiliates without the Maker's consent."Affiliate"shall mean a corporation in control of,in common control with,or controlled by,the Holder.  The undersigned Maker accepts the terms of this Promissory Note and intends to be legally bound thereby.  AGREED AND ACCEPTED BY COJAX OIL AND GAS CORPORATION, a Virginia corporation   By: Jeffrey J. Guzy  Name: JeffreyJ. Guzy  Title: Executive Chairman  Date:November 15,2019  2