Transportation and Logistics Systems amends $50K promissory note, extends maturity to Sept 30, 2026

Transportation & Logistics Systems, Inc.

Amended and restated $50,000 unsecured non-convertible note with C/M Capital Master Fund, LP at 10% interest.
Maturity extended to September 30, 2026; note may be prepaid without penalty on 3 days' notice.
Proceeds to fund SEC/OTC filings, tax compliance, transfer agent costs, and routine litigation fees.
Note is in parity with existing $100,000 note from same lender, total $150,000 outstanding.
Default triggers 5% monthly penalty after 30-day cure period; lender can accelerate repayment.

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