Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 97

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 program with a financial protection program (the “TPP Program”), under which
customers, provided they complied with certain TPP required claims procedures, could elect to collect a cash payout in either a five-or-ten
year interval after their initial purchase. As part of their sales and marketing materials, TPP represented that they were a purported
affiliate of a well-known global insurance brokerage firm that had sufficient capital resources, reserves and liquidity to support any
payouts needed to satisfy their obligations under the TPP Program. TPP was paid substantial premiums for the program. In most instances,
the premium for the TPP program was included in the package price for the Apex program, at no additional cost to the customer.

Separately,
iGenius members who purchased ndau digital currency through an Oneiro, N.A. Inc. (“Oneiro”) sponsored ndau distribution program,
were also given the opportunity to participate in a TPP Program similar to the program offered to our Apex customers; which in this case
was intended to provide customers who purchased ndau with a financial protection program under which such customers, provided they complied
with certain TPP required claims procedures, could elect to collect a cash payout in either a five- or ten-year interval after their
initial purchase. Participation in this program was also in reliance on sales and marketing materials by which TPP represented that they
were a purported affiliate of a well-known global insurance brokerage firm that had sufficient capital resources, reserves, and liquidity
to support any pay-outs needed to satisfy their obligations under the TPP Program. Prior to terminating the distribution of ndau in August
2023, we distributed over $16.6 million in ndau to our members purportedly supported by the TPP Program. As in the same case as had been
done with respect to the Apex customers, TPP was paid substantial premiums for the program, and those premiums were included in the purchase
price for the ndau program, at no additional cost to the customer.

During
the fourth calendar quarter of 2021, we suspended any further offering of the TPP Program in connection with the sale of ndau after TPP
was unable to comply with our vendor compliance protocols, having cited certain offshore confidentiality entitlements by which it was
unwilling to provide evidence of its financial support arrangements. That suspension has remained in place as we have been unable to
further validate the continued integrity of the TPP Program and the vendor’s ability to honor its commitments to our members; despite
the payment of over $6 million to TPP to secure the benefits of