Business Warrior Corp., Form 8-K Jan 2025 — termination of the IPSI merger, signed by Rhett Doolittle as Chairman/CEO
Cited in: Business Warrior Corporation · Rhett Doolittle
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EXHIBIT 99.1 January 22, 2025 Innovative Payment Solutions, Inc. William Corbet, CEO 56B 5th Street Carmel by the Sea, CA 93921 Subject: Mutual Agreement to Cancel Merger Dear Mr. Corbett, This letter confirms the mutual agreement of Business Warrior Corporation (“BZWR”) and Innovative Payment Solutions, Inc. (“IPSI”), to terminate the Agreement and Plan of Merger dated July 28, 2024 between BZWR and IPSI (the “Merger”). This decision reflects our shared understanding and agreement that discontinuing the Merger is in the best interest of both parties. By signing below, both BZWR and IPSI acknowledge the termination of the Merger, and no further obligations or liabilities will be owed by either party as a result of this termination. We appreciate the efforts and collaboration invested throughout this process and look forward to exploring opportunities for future cooperation. If you have any questions or require further clarification, please do not hesitate to contact us directly. Sincerely, /s/ Rhett Doolittle 1/22/2025 Rhett Doolittle Chairman & CEO Business Warrior Corporation Read, accepted and agreed: Innovative Payment Solutions, Inc. By: /s/ William Corbett Name: William Corbett Title: CEO
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