Business Warrior Corp (BZWR)

[Edward]

WOW!



On October 13, 2022, Business Warrior Corporation (the “Company”) terminated its employment agreement with Timothy Li for cause as further described below. On October 19, 2022, a majority of the voting power of the Company voted to remove Timothy Li as a director of the Company.



On October 13, 2022, in the course of a review of the financial statements of Fluidfi Inc., d/b/a Alchemy, a wholly owned subsidiary of the Company (“FluidFi”) acquired on June 8, 2022, it was discovered that Timothy Li transferred $200,000 from the FluidFi bank account to his personal account on June 18, 2022, without authorization. Mr. Li provided a notation on the transfer that it was for “basic employee payroll.” However, this was not a transfer to an employee payroll account. Instead, Mr. Li processed a direct ACH transfer from the Fluidfi bank account to his personal account. Mr. Li was not authorized to transfer any Company funds to himself.

Mr. Li has acknowledged that he transferred the funds and claims he was entitled to the funds. He has refused to return the funds. A police report has been filed with the Irvine, California police department.