Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1125

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 1125
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 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 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