Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 43

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 of our Apex leases the opportunity to cancel their leases,
in exchange for which, we repurchased substantially all of the data processing equipment (subject to these leases) for approximately
$19 million of promissory notes due on or about December 31, 2024 (which amount reflects the principal amount invested by all of such
lease holders, plus a 25% premium). During the fourth quarter ended December 31, 2023, we further offered all note holders an early payoff
option. By December 31, 2024, we had repaid or settled the approximately $19 million of promissory notes.

Included
in the Apex sale and leaseback program that was discontinued in 2021, was a “guaranteed assets buy-back product” underwritten,
administered and managed by a third-party provider, Total Protection Plus (“TPP”), which was intended to provide customers
who participated in the Apex sale and leaseback 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