SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • September 9th, 2019 • Transportation & Logistics Systems, Inc. • Transportation services • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of August __, 2019, between Transportation and Logistics Systems, Inc., a Nevada corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • September 9th, 2019 • Transportation & Logistics Systems, Inc. • Transportation services
This Agreement is made pursuant to the Securities Purchase Agreement, dated as of the date hereof, between the Company and each Purchaser (the “Purchase Agreement”).
original issue discount Senior Convertible PROMISSORY NOTE DUE November _____, 2020Transportation & Logistics Systems, Inc. • September 9th, 2019 • Transportation services
THIS ORIGINAL ISSUE DISCOUNT SENIOR CONVERTIBLE PROMISSORY NOTE is one of a series of duly authorized and validly issued Original Issue Discount Senior Convertible Promissory Notes issued at a 10% original issue discount by Transportation and Logistics Systems, Inc., a Nevada corporation (the “Company”) (this note, the “Note” and, collectively with the other notes of such series, the “Notes”).
COMMON STOCK PURCHASE WARRANTTransportation & Logistics Systems, Inc. • September 9th, 2019 • Transportation services
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ___________, or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the fifth year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Transportation and Logistics Systems, Inc., an Nevada corporation (the “Company”), up to _______ shares of Common Stock (subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant issued pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) entered into as of the Initial Exercise Date between the Company and the initial Holder.
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • September 9th, 2019 • Transportation & Logistics Systems, Inc. • Transportation services
This Registration Rights Agreement (this “Agreement”) is made and entered into as of August 30, 2019, between Transportation and Logistics Systems, Inc., a Nevada corporation (the “Company”) and each of the several purchasers as listed in Exhibit A of the Purchase Agreement (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”).
