Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 44

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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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 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email claims now has no ability to satisfy the commitments originally made by TPP.

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