Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 155

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 155
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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 to further