Common Contracts

2 similar Settlement Agreement contracts by Transportation & Logistics Systems, Inc.

FORM OF SETTLEMENT AGREEMENT AND MUTUAL RELEASE
Settlement Agreement • August 14th, 2025 • Transportation & Logistics Systems, Inc. • Transportation services • New York

Authorized: 1 million of shares of Series J Senior Convertible Preferred Stock (the “Preferred Stock”), convertible into shares of the Company’s common stock (the “Common Stock”).

FORM OF SETTLEMENT AGREEMENT AND MUTUAL RELEASE (OUTSTANDING LIABILITIES AND WARRANTS)
Settlement Agreement • August 14th, 2025 • Transportation & Logistics Systems, Inc. • Transportation services • New York

This Settlement Agreement and Mutual Release (this “Settlement Agreement”), dated as of the _____ day of _____, 2025, is made by and between [Creditor] (the “Creditor”) and Transportation & Logistics Systems, Inc., a Nevada corporation (“TLSS” or the “Company”). The Company and the Creditor may also be referred to each, as a “Party” and collectively, as the “Parties”.