TLSS formalizes CFO James Giordano employment through Dec 2025 with $250K base salary

Transportation & Logistics Systems, Inc.

James Giordano appointed CFO under 2.5-year term ending Dec 31, 2025; base salary $250,000/year.
2022 bonus up to $125,000 tied to milestones: NASDAQ uplist, $100M revenue, positive EBITDA, $125M market cap, $10M capital raise.
Agreement converts prior letter agreement; includes non-compete for 2 years post-termination.
Severance: if terminated without cause, 12 months base salary continuation and accelerated equity vesting.
Change of control triggers lump sum of greater of remaining salary or 2 years base plus average bonuses.

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