Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 925

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 14
Chunk 925
---
”) from sellers consisting of Mario Romano, Annette Raynor, and a series of their family members
and related entities (collectively, the “Sellers”). The Romano/Raynor Purchased Shares were purchased for aggregate consideration
of $2,922,380, representing a price of $0.00964739 per share. One-eighth of the purchase price was paid within seven (7) days of the
closing, with the balance payable in a series of equal quarterly payments over seven (7) consecutive quarters thereafter. As of December
31, 2024, we owed $1,189,643 under the Romano/Raynor Agreement of which $1,189,643 is included in Accounts payable and accrued liabilities.

In
addition to the cash consideration for the Purchased Shares, the Company also agreed to cover a limited amount of the legal fees incurred
by the Sellers in the transaction, as well as provide Mr. Romano and Ms. Raynor with a $250,000 expense allowance, payable in installments,
to cover legal fees and other expenses on a non-accountable basis, in connection with any matters that may arise in which either or both
of Mr. Romano and/or Ms. Raynor served as officers and directors of the Company. In return, Mr. Romano and Ms. Raynor agreed to waive
any future entitlement, if at all, to indemnification of costs and expenses, including legal fees under Nevada law or otherwise arising
from or relating to any period in which Romano or Raynor were officers and directors of the Company.

The
consideration paid for the Purchased Shares of $2,922,380 plus the $250,000 expense allowance was allocated to the share purchase for
a total of $3,172,380 (see NOTE 9).

On
February 7, 2024, we closed on the purchase in a private transaction of shares of our common stock under the terms of a Stock Purchase
and Release Agreement dated February 6, 2024 (the “Smith/Miller Agreement”). Under the Smith/Miller Agreement, the Company
purchased for surrender and cancellation a total of 472,374,710 shares of the Company’s common stock (the “Smith/Miller Purchased
Shares”) from Ryan Smith and Chad Miller and certain of their respective affiliates and family members. The Smith/Miller Purchased
Shares were purchased for aggregate purchase price of $3,571,146, representing a price of