Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 95

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 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 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 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 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