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Ownership Document
|
| Schema Version: X0206 |
| Document Type: 3 |
| Period of Report: 8/1/22 |
| No Securities Owned: 0 |
| Issuer: |
| Issuer CIK: 1450704 |
| Issuer Name: Vivakor, Inc. |
| Issuer Trading Symbol: VIVK |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1646366 |
| | Owner Name: Ballengee James H. |
| Reporting Owner Address: |
| | Owner Street 1: 5151 BELTLINE ROAD, SUITE 715 |
| | Owner Street 2: |
| | Owner City: DALLAS |
| | Owner State: TX |
| | Owner ZIP Code: 75234 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common stock, par value $0.001 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,009,552 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnote |
| Footnote ID: F1 |
| Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Promissory Note |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 8/1/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common stock |
| Footnote ID: F2 |
| | | Underlying Security Shares: |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnote |
| Footnote ID: F2 |
| Footnotes: |
| Footnote - F1: Mr. Ballengee has beneficial ownership of shares owned by Jorgan Development, LLC (2,979,456 shares) and JBAH Holdings, LLC (30,096 shares). |
| Footnote - F2: August 1,2022, Vivakor, Inc. ("Vivakor") issued 3-year secured, convertible promissory notes ("Notes") in the aggregate principal amount of $28,664,284 to Jorgan Development, LLC ($28,337,641) and JBAH Holdings, LLC ($286,643). Payment of principal and interest is payable monthly on the twentieth day of the month with the first payment payable on September 20, 2022. Subject to compliance with Nasdaq Rule 5635(d), on each payment date, Vivakor can make payment of principal and interest in the form of unrestricted shares of Vivakor common stock valued at the five-day volume weighted average price for Vivakor's common stock during the 5 trading days immediately preceding the issuance date ("Stock"). No more than 50% of any monthly payment of principal and interest and no more than 50% of the original principal amount of the Notes can be paid in Stock without the consent of the applicable noteholder. |
| Owner Signature: |
| Signature Name: /s/ James Ballengee |
| Signature Date: 8/11/22 |
