Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 40

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 the benefits
of the TPP Program. Our level of concern over the viability of the TPP Program has recently increased materially as we have come to learn
that: (i) certain of our customers have been unable to reach TPP in order to process claims for their 5-year promised returns; (ii) certain
customers have informed us that the TPP website has been inoperative and customers have been unable to process their claims; and (iii)
an email communication purportedly from TPP, or an affiliate thereof, has been received by certain of customers in which the sender asserts
that the obligations of TPP under the TPP Program were (unbeknownst to us and our customers) purportedly dependent on the financial wherewithal
of another heretofore undisclosed TPP affiliate, that the email claims now has no ability to satisfy the commitments originally made by
TPP.

    24

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

To respond to these concerns, and in an effort
to advance the interests of our customers, on March 28, 2025, we commenced an action against Total Protection Plus, UIU Holdings LLC,
Jason R. Anderson, Jacob S. Anderson, and Schad E. Brannon (collectively, “TPP”), in the Court of Chancery of the State of
Delaware captioned Investview et al., v. UIU Holdings, LLC et al., seeking to, among other things, compel TPP to fulfill the commitments
that were made to the Company’s customers under the TPP Program. 

We cannot ensure that TPP will comply with its
contractual commitments to our customers, in which case these customers may not be able to realize the cash payouts promised by TPP, despite
the substantial payments made to TPP to secure the benefits of the TPP Program. As the direct responsibility for compliance with the TPP
Program resides with TPP; particularly as the program was underwritten, managed and administered by TPP as an independent third-party
vendor (and with respect to ndau, the underlying ndau was developed and marketed by an additional third-party vendor), and in recognition
of the customers’ acceptance of their participation in the program, we do not believe that we have any legal responsibility to cover
any potential claims of customers who participated in the TPP Program. There is, however, the risk that any failure of TPP to perform
its obligations to