SurgePays forms LWP-SURGE LLC with LowWeeklyPayments for smartphone rent-to-own JV

SurgePays, Inc.

Formed LWP-SURGE, LLC (Wyoming) with All Prepaid, LLC (LowWeeklyPayments) as proposed joint venture vehicle.
SurgePays to hold 51% membership interest, appoint 3 of 5 board members; LWP holds 49% and appoints 2.
JV intended to run smartphone rent-to-own program via SurgePays retail dealer network using LWP approval platform.
No definitive operating, IP license, distribution, or shared services agreements executed; all terms subject to change.
LWP-SURGE has no operations, revenue, assets, or liabilities; no material financial impact expected this quarter.

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