HOUSE_OVERSIGHT_024465.jpg
Extraction Summary
3
People
4
Organizations
0
Locations
2
Events
3
Relationships
4
Quotes
Document Information
Type:
Legal agreement / term sheet (partnership agreement)
File Size:
Summary
This document is page 32 of a legal agreement outlining financial and governance structures for an entity named KUE. It details a $20 million annual 'Fixed Overhead Payment' from KUE to KULG starting July 1, 2006, covering salaries and administrative costs. It also defines voting rights, establishing the General Partner as the manager while limiting the voting power of Investors (Limited Partners), except in specific amendment scenarios involving 'Class A' and 'Class B' shares.
People (3)
| Name | Role | Context |
|---|---|---|
| Principals | Shareholders/Stakeholders |
Holders of interest in KUE; specific voting rights thresholds apply to units unaffiliated with them.
|
| Investors | Limited Partners |
Have limited voting rights; right to elect directors to the Board of Directors of the General Partner.
|
| General Partner | Manager |
Entity responsible for managing and operating KUE.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KUE | ||
| KULG | ||
| Knowledge Learning Corporation | ||
| KUE LLC Entity |
Relationships (3)
Mentioned in context of management fees affecting KUE's payments.
The General Partner will manage and operate KUE.
Key Quotes (4)
"KUE and/or one or more of its subsidiaries will pay $20 million annually to KULG in quarterly installments beginning July 1, 2006"Source
HOUSE_OVERSIGHT_024465.jpg
Quote #1
"The General Partner will manage and operate KUE."Source
HOUSE_OVERSIGHT_024465.jpg
Quote #2
"The Investors will have no voting rights on matters affecting Company business with respect to their Common LP Units in KUE because the Investors will be limited partners of KUE."Source
HOUSE_OVERSIGHT_024465.jpg
Quote #3
"The Class B Shares will automatically convert to Class A Shares if the Principals' aggregate direct and indirect economic interest in KUE is less than 15%"Source
HOUSE_OVERSIGHT_024465.jpg
Quote #4
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document