Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 731

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 731
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 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 from the Company through an 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