Transportation and Logistics Systems Secures $50,000 Loan From Mercer Street Global Opportunity Fund

• Transportation and Logistics Systems issued a $50,000 unsecured non-convertible promissory note to Mercer Street Global Opportunity Fund on October 23, 2026.
• Funded the same day, the note bears 10% annual simple interest, with principal and accrued interest payable December 31, 2026.
• An October 22, 2026 agreement extended C/M Capital Master Fund's $75,000 and $100,000 promissory notes to December 31, 2026; other terms remain unchanged.
• The new note ranks equally with the existing notes; proceeds are restricted to regulatory filings, compliance restoration and specified professional costs.
• Defaults permit accelerated repayment; failure to pay within a 30-day period triggers a 5% monthly penalty on outstanding amounts, including unpaid interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transportation and Logistics Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-048712), on October 27, 2026, and is solely responsible for the information contained therein.