HOUSE_OVERSIGHT_024560.jpg
2.62 MB
Extraction Summary
4
People
4
Organizations
2
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
Legal document (limited partnership agreement / private placement memorandum)
File Size:
2.62 MB
Summary
This document (page 127 of a House Oversight production) is a section of a Limited Partnership Agreement or Private Placement Memorandum for KUE LLC. It details corporate governance mechanisms including 'Drag-Along Rights' forcing investors to sell under certain conditions, provisions for listing investor units on securities exchanges (requiring a $100 million holding threshold), future capital raising rights, and strict requirements for periodic financial reporting and record-keeping. The document references the 'ELP Law' and outlines the duties of the General Partner.
People (4)
| Name | Role | Context |
|---|---|---|
| Principals | Shareholders/Owners |
Mentioned in relation to original KUE holdings and transaction thresholds.
|
| Investors | Shareholders |
Subject to drag-along rights and listing provisions.
|
| General Partner | Management Entity |
Responsible for listing actions, maintaining records, and delivering information to Partners.
|
| Board of Directors | Governance Body |
Approves specific transfers of shares.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KUE LLC |
The primary entity discussed; a limited liability company issuing units and shares.
|
|
| KUE LLC Entity |
A related entity defined for the purpose of Drag-Along Transfers.
|
|
| Independent Committee of the General Partner |
Governance body required to approve certain transfers.
|
|
| U.S. Federal Government |
Mentioned in context of income tax returns.
|
Locations (2)
| Location | Context |
|---|---|
|
Location where the Initial Listing occurred.
|
|
|
Where KUE must maintain books and records.
|
Relationships (2)
General Partner manages requests and records for KUE LLC.
Key Quotes (4)
"A 'Drag-Along Transfer' means a sale or other transfer for economic value of a majority of the Common LP Units held by KUE LLC or its affiliates"Source
HOUSE_OVERSIGHT_024560.jpg
Quote #1
"KUE LLC may require Investors to sell a pro rata portion... of their Units and Class A Shares in the Proposed Drag-Along Transfer"Source
HOUSE_OVERSIGHT_024560.jpg
Quote #2
"Beginning any time after six months after the Initial Listing, one or more holders holding an aggregate of $100 million of more of the Units... may request KUE and the General Partner to take such action as may be necessary... for their Units to be freely tradable"Source
HOUSE_OVERSIGHT_024560.jpg
Quote #3
"KUE will maintain at its principal place of business full and complete books and records"Source
HOUSE_OVERSIGHT_024560.jpg
Quote #4
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document