Company: INVUP
Filing Date: 2025-03-04
Form Type: 8-K
Source: 0001493152-25-009023
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Company: Investview, Inc.
Filing Date: 2025-03-04
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

As previously reported, from April 27, 2020 through
November 9, 2020, Investview, Inc. (the “ Company”) received loans in the aggregate amount of $3,300,000 from DBR Capital,
LLC (“ DBR Capital”), an affiliate of David B. Rothrock, an independent entrepreneur who became a Board member of the Company
in conjunction with the loan origination. Each of the loans are each secured by collateral of the Company and its subsidiaries, bear interest
at rates between 20% and 38.5% per annum, and mature on April 27, 2030. The loans are convertible by DBR Capital into the Company’s
common stock at a conversion price of $0.007 per share at any time prior to maturity or earlier by the Company if certain benchmarks relating
to the trading price and volume of the Company’s common stock are met. In addition, the Securities Purchase Agreement, as amended
in 2022, under which the first three loans were issued, gave DBR Capital the right to lend to the Company up to an additional $7.7 million,
on substantially the same terms as the prior loans, through December 31, 2024.

Rather than cause the loan arrangement to terminate
on December 31, 2024, particularly as the Company contemplates a need for expansion capital in the future, and seeks to avoid the additional
interest charges under the current lending arrangement that it would have been caused to incur in the immediate term were DBR Capital
to have put the additional loans to the Company during December 2024, on or about February 28, 2025, the Company and DBR Capital entered
into an amendment to the Securities Purchase Agreement (the “ Amendment”), approved by the disinterested members of the Company’s
Board of Directors. Pursuant to the Amendment, DBR has been given until August 31,2025 to lend to the Company a minimum of $2.0 million,
and until December 31, 2026 to lend to the Company balance of up to $5.7 million. The Amendment also substantially reduces the interest
rate for the first $2 million that may be advanced by DBR Capital from 38.5% to 18.75% per annum, and further substantially reduces the
interest rate to 10% per annum (also from 38.5%) for