Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 27

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
---
,000 from DBR Capital, LLC, an entity controlled by a member of our Board of Directors,
and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries. The note bears
interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement,
the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce
the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $700,000. During
the three months ended March 31, 2025, we recognized $17,387 of the debt discount into interest expense as well as expensed an additional
$35,001 of interest expense on the note, all of which was repaid during the period.

[3]On November 9, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by a member of our Board of Directors,
and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries. The note bears
interest at 38.5% per annum, made up of a 25% interest rate per annum and a facility fee of 13.5% per annum, payable monthly beginning
February 1, 2021, and the principal is due and payable on April 27, 2030. Per the terms of the agreement, the note is convertible into
common stock at a conversion price of $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of
$1,300,000. During the three months ended March 31, 2025, we recognized $33,861 of the debt discount into interest expense as well as
expensed an additional $125,124 of interest expense on the note, all of which was repaid during the period.

[4]On March 22,
2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that
owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive
Officer. (See NOTE 11). Commencing upon execution of