STOCK PURCHASE AND SALE AGREEMENTStock Purchase and Sale Agreement • January 10th, 2023 • Transportation & Logistics Systems, Inc. • Transportation services • Massachusetts
This Stock Purchase and Sale Agreement (this “Agreement”), dated as of January 4, 2023 (the “Agreement Date”), is by and among TLSS Acquisition, Inc., a Delaware corporation (“TA” or the “Buyer”), a wholly owned subsidiary of Transportation and Logistics Systems, Inc., a Nevada corporation (“TLSS”); Severance Trucking Co., Inc., a Massachusetts corporation (“STCI”), Severance Warehousing, Inc., a Massachusetts corporation (“SWI”), and McGrath Trailer Leasing, Inc., a Maine corporation (“MTLI”, and collectively with STCI and SWI, the “Companies”); Kathryn Boyd, an individual, Clyde Severance, an individual, and Robert Severance, an individual (each, a “Shareholder,” and collectively, the “Shareholders”), who are all of the shareholders of the Companies; Kathryn Boyd as the “Shareholders’ Representative”; and R|A Feingold Law & Consulting, P.A. (the “Closing Agent”). Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively, as the “Parties.”
