Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1126

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 1126
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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
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heretofore undisclosed TPP affiliate, that the email claims now has no ability to satisfy the commitments originally made by TPP.

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, a risk that any failure of TPP to perform
its obligations to our customers could expose us