Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1885

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 1885
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 charges and
is presently incarcerated.

Prior
to his termination, Mr. Cammarata and the Company engaged in certain transactions as described below:

We
issued a promissory note to Mr. Cammarata, which, following certain modifications, on or about March 30, 2021, was restated in the principal
amount of $1,550,000 (the “Cammarata Note”). Although not originally convertible, as per the March 30, 2021, amendment, the
Cammarata Note became convertible at $0.02 per share, Thereafter, effective September 21, 2021, and following another modification, the
conversion price under the Cammarata Note was reduced to $0.008 per share. During February 2022, we provided 30 days’ notice of
our intent to retire and repay the Cammarata Note in cash. Having not timely received a properly executed conversion notice within the
proscribed period and citing certain breaches of Mr. Cammarata’s fiduciary duty to us, as well as damages incurred by us arising
from Mr. Cammarata’s then ongoing legal proceedings, on or about March 31, 2022, we tendered to Mr. Cammarata cash payment in full
for the Cammarata Note. As of the date of this Report, Mr. Cammarata has not accepted our tender of the cash payment, and through his
then counsel, has asserted his entitlement to exercise his right to convert the Cammarata Note into our common shares. Although we believe
that our cash tender was appropriate under the terms of the Cammarata Note and our claims for damages by Mr. Cammarata have merit, if
Mr. Cammarata elects to challenge our cash tender in a court proceeding, and if we are unable to sustain our legal position on the matter,
Mr. Cammarata could receive up to approximately 203 million shares of our common stock upon conversion of the Cammarata Note. As a result
of his recent incarceration, the Company has been unable to further adjudicate these issues with Mr. Cammarata.

On
March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity
that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief
Executive Officer. Commencing upon execution of the