Form of Promissory Note (the “Note”)Promissory Note • April 15th, 2025 • Transportation & Logistics Systems, Inc. • Transportation services • Nevada
FOR VALUE RECEIVED, the undersigned TRANSPORTATION AND LOGISTICS SYSTEMS, INC., a Nevada corporation (the “Borrower”), promises to pay to the order of [_______], its successors or assigns (the “Lender”), [______](the “Face Amount”) by the 6 month anniversary of the date hereof (the “Maturity Date”), together with simple interest on the principal amount outstanding from time to time at the interest rate of 10% per annum, calculated on the basis of actual days elapsed and a 365-day year (the “Interest Rate”), as provided herein or on such earlier date as this Note is required or permitted to be repaid as provided hereunder.
FORM OF PROMISSORY NOTE TRANSPORTATION AND LOGISTICS SYSTEMS, INC.Promissory Note • February 18th, 2025 • Transportation & Logistics Systems, Inc. • Transportation services • Nevada
FOR VALUE RECEIVED, the undersigned TRANSPORTATION AND LOGISTICS SYSTEMS, INC., a Nevada corporation (the “Borrower”), promises to pay to the order of [_______], its successors or assigns (the “Lender”), [______](the “Face Amount”) by the 6 month anniversary of the date hereof (the “Maturity Date”), together with simple interest on the principal amount outstanding from time to time at the interest rate of 10% per annum, calculated on the basis of actual days elapsed and a 365-day year (the “Interest Rate”), as provided herein or on such earlier date as this Note is required or permitted to be repaid as provided hereunder.
Form of Promissory Note (the “Note”)Promissory Note • December 6th, 2024 • Transportation & Logistics Systems, Inc. • Transportation services • Nevada
FOR VALUE RECEIVED, the undersigned TRANSPORTATION AND LOGISTICS SYSTEMS, INC., a Nevada corporation (the “Borrower”), promises to pay to the order of [_______], its successors or assigns (the “Lender”), $[______] (the “Face Amount”) by the 6 month anniversary of the date hereof (the “Maturity Date”), together with simple interest on the principal amount outstanding from time to time at the interest rate of 10% per annum, calculated on the basis of actual days elapsed and a 365-day year (the “Interest Rate”), as provided herein or on such earlier date as this Note is required or permitted to be repaid as provided hereunder.