Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1236

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1236
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 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.

14

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heretofore undisclosed TPP affiliate, that the email claims now has no ability to satisfy the commitments originally made by TPP.

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