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Friday, 11/03/2023 1:06:06 PM

Friday, November 03, 2023 1:06:06 PM

Post# of 49952
8K Corporate News

Transportation and Logistics Systems, Inc. (OTC PINK: TLSS) on November 1, 2023, executed a promissory note for a loan of $500,000 from John Mercadante. Mr. Mercadante is a Director of the Company. The funds had been advanced previously. The terms of the note provide for interest at 12% per annum. The maturity date of the note is June 30, 2024, provided, however, that loan is prepayable by the Company at any time without premium or penalty.

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