TLSS borrows $50K, awards 4,775 Series J shares; CEO Giordano termination now Nov 30

Transportation & Logistics Systems, Inc.

Entered $50,000 unsecured promissory note with C/M Capital Master Fund at 10% interest, due in 6 months, for compliance costs.
Granted 4,775 shares of Series J Senior Convertible Preferred Stock to CEO and other grantees for past and future services.
CEO Sebastian Giordano submitted termination notice Aug 26 for nonpayment; termination extended to Nov 30, 2025, compensation continues accruing.

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