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Exhibit 99.1 — Business Warrior and Innovative Payment Solutions Mutual Agreement to Cancel Merger (January 22, 2025)

Summary

Exhibit 99.1, a letter dated January 22, 2025 from Business Warrior Corporation (BZWR) to William Corbett, CEO of Innovative Payment Solutions, Inc. (IPSI), in Carmel by the Sea, CA. It confirms the mutual agreement of BZWR and IPSI to terminate their Agreement and Plan of Merger dated July 28, 2024, saying discontinuing the merger is in the best interest of both parties. By signing, both acknowledge the termination, and no further obligations or liabilities will be owed by either party as a result of the termination. Rhett Doolittle signs as Chairman & CEO of Business Warrior, and Corbett signs for IPSI.

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Cite this document

“Exhibit 99.1 — Business Warrior and Innovative Payment Solutions Mutual Agreement to Cancel Merger (January 22, 2025).” Original at www.sec.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/exhibit-99-1-business-warrior-and-innovative-payment-solutions-mutual-f49e1aa80a/, SHA-256 0fbdd9973f0b68c1caaf6b243884aee0c5c8e511184dda3997130176125607c3.

Full text

bzwr_ex991.htm

EXHIBIT 99.1

January 22, 2025

Innovative Payment Solutions, Inc.

William Corbet, CEO

56B 5 th 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

File and source

File
bzwr_ex991.htm
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5,747 bytes
SHA-256
0fbdd9973f0b68c1caaf6b243884aee0c5c8e511184dda3997130176125607c3
Our copy
bzwr_ex991.htm
Original
www.sec.gov
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