STOCK PURCHASE AND SALE AGREEMENT dated as of May 24, 2022 by and among Cougar Express, Inc., a New York corporation and Joan Ton, the sole stockholder of JFK Cartage, Inc., a New York corporation and JFK Cartage, Inc., a New York corporation STOCK...Stock Purchase and Sale Agreement • June 30th, 2022 • Transportation & Logistics Systems, Inc. • Transportation services • New York
This Stock Purchase and Sale Agreement (this “Agreement”), dated as of May 24, 2022 (the “Agreement Date”), is by and among Cougar Express, Inc., a New York corporation (“CE” or the “Buyer”), a wholly owned subsidiary of Transportation and Logistics Systems, Inc., a Nevada corporation (“TLSS”) and Joan Ton (the “Shareholder,” who is the sole shareholder of JFK Cartage, Inc., a New York 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.
