STOCK PURCHASE AND SALE AGREEMENT dated as of May 23, 2022 by and among TLSS Acquisition, Inc., a Delaware corporation and Joseph Corbisiero, the sole stockholder of Freight Connections, Inc., a New Jersey corporation and Freight Connections, Inc., a...Stock Purchase and Sale Agreement • May 26th, 2022 • Transportation & Logistics Systems, Inc. • Transportation services • Delaware
This Stock Purchase and Sale Agreement (this “Agreement”), dated as of May 23, 2022 (the “Agreement Date”), is by and among Transportation Acquisition, Inc., a Delaware corporation (“TA” or the “Buyer”), a wholly owned subsidiary of Transportation and Logistics Systems, Inc., a Nevada corporation (“TLSS”), TLSS and Joseph Corbisiero (the “Shareholder,” who is the sole shareholder of Freight Connections, Inc., a New Jersey corporation (the “Company”)) and the Company. Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively, as the “Parties.” Certain capitalized terms are defined in Article X.
