Exhibit 17.1
RESIGNATION
Howard S. Dvorkin, Chairman of the Board
c/o FlexShopper, Inc.
901 Yamato Road, Suite 260
Boca Raton, FL 33431
howarddvorkin@howarddvorkin.com
FlexShopper, Inc.
901 Yamato Road, Suite 260
Boca Raton, FL 33431
Olshan Frome Wolosky LLP
1325 Avenue of the Americas
New York, NY 10019
Attn: Spencer G. Feldman
sfeldman@olshanlaw.com
Kasowitz LLP
1633 Broadway
New York, New York 10019
Tel. (212) 506-1984
Fax. (212) 500-3484
Attn: Marc Kasowitz and Barry Rutcofsky
MKasowitz@kasowitz.com
BRutcofsky@kasowitz.com
September 29, 2025
Dear Sirs:
Reference is hereby made to that certain Investors’ Rights Agreement, dated as of June 10, 2016 (the “IRA”), between the Company, the Management Stockholder and the Investors party thereto. All capitalized terms used but not defined herein shall have their respective meanings in the IRA.
Given ongoing matters relating to the Company’s financials and borrowing from lenders, I, and the Bravo Investor Parties, believe that it is in the best interest of both the Company and the Bravo Investor Parties for me to resign. Therefore, I, Steven G. Varner, do hereby resign from my position as a director on the Board of Directors (the “Board”) of the Company, and from any committee and subcommittee of the Board, as applicable, effective immediately.
I disagree with the Company’s and its advisors’ handling of recent issues including their failure to timely provide to me certain information, such that I am no longer able to effectively fulfill my duties.
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| Sincerely, | |
| /s/ Steven G. Varner | |
| Name: Steven G. Varner |
[Signature Page to Resignation Letter]