Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 100

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 100
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—  
     — 
  
    Equity compensation plans not approved by security holders 
     351,416,665  
     0.05  
     248,583,335 

Item
13. Certain Relationships and Related Transactions, and Director Independence

Convertible
Note Financing Arrangements with DBR Capital, LLC

On
April 27, 2020, we entered into a Securities Purchase Agreement and related agreements with DBR Capital, LLC (“DBR Capital”),
a company wholly owned by David B. Rothrock, the Chairman of our Board of Directors. Pursuant to the Securities Purchase Agreement, which
was subsequently amended and restated on November 9, 2020, between April 27 and November 9, 2020, we received aggregate proceeds of $3,300,000
from DBR Capital and entered into three convertible promissory notes in support thereof. Each note is secured by collateral of the Company
and its subsidiaries. The notes bear interest at rates between 20% and 38.5% per annum, payable monthly, with the principal for each
note due and payable on April 27, 2030. Each note is convertible into our common stock at a conversion price of $0.007 per share by DBR
Capital at any time prior to their maturity or by the Company if certain benchmarks relating to the trading price and volume of the common
stock are met. During the years ended December 31, 2024 and December 31, 2023 we made aggregate payments of interest to DBR Capital in
the amounts of $900,516 and $900,516, respectively.

In
addition, the Securities Purchase Agreement, as amended, under which the first three loans were issued, gave DBR Capital the right to
lend to the Company up to an additional $7.7 million, on substantially the same terms as the prior loans, through December 31, 2024.
On or about February 28, 2025, the Company and DBR Capital entered into an amendment to the Securities Purchase Agreement (the “Amendment”),
pursuant to which DBR Capital has been given until August 31, 2025 to lend to the Company a minimum of $2.0 million, and until December
31, 2026 to lend to the Company the balance of up to $5.7 million. The Amendment also substantially reduces the interest rate for the
first $2