Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 174

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 174
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 our seven director’s positions (of which, four remain vacant) so long as it holds a convertible note or any of our
other securities. The investment agreements also require that certain capital, financial and other material actions of our board of
directors be approved by at least one DBR Capital appointed director, who shall be David B. Rothrock if he is then serving as a
director. DBR Capital appointed David B. Rothrock and James R. Bell to two of its four nominee positions, with the other two nominee
positions remaining vacant. If we default under the investment agreements, DBR Capital, LLC, will have the right to remove any
directors it did not appoint and appoint its designees to fill all seven positions on the board of directors.

Committees

Our
business, property, and affairs are managed by or under the direction of the board of directors. Members of the board are kept informed
of our business through discussion with the chief executive and financial officers and other officers, by reviewing materials provided
to them, and by participating at meetings of the board and its committees.

Audit
Committee

We
currently do not have a designated audit committee. The OTCQB does not require us to have a designated audit committee, and our board
of directors has determined that it is in the Company’s best interest to have the full board fulfill the functions that would be
performed by an audit committee. Accordingly, our board of directors preapproves all audit and permissible non-audit services provided
by the independent auditor, including audit, audit-related, tax, and other services. Preapproval is generally provided for up to one
year, detailed as to the service or category of services, and subject to a specific budget. The independent auditor and management are
required to periodically report to our board of directors regarding the extent of services provided by the independent auditor in accordance
with this preapproval and the fees for the services performed to date. The board of directors may also preapprove particular services
on a case-by-case basis. Additionally, since we are not currently required to have an audit committee, we currently do not have an audit
committee “financial expert” as defined in Item 407(d)(5) of Regulation S-K.

Compensation
Committee

We
currently do not have a designated compensation committee. The OTCQB does not require us to have a designated compensation committee,
and our board of directors has determined that it is in the Company’s best interest to have the full board