Independent Committee
PersonRelationship Network
| Connected Entity | Relationship Type |
Strength
(mentions)
|
Documents | Actions |
|---|---|---|---|---|
|
person
The Principals
|
Oversight regulatory |
6
|
1 | |
|
person
Principals
|
Oversight |
6
|
1 | |
|
organization
KUE
|
Oversight |
5
|
1 | |
|
person
Board of Directors of the General Partner
|
Oversight authority |
5
|
1 |
| Date | Event Type | Description | Location | Actions |
|---|---|---|---|---|
| N/A | N/A | Deadline for Independent Committee to determine sale/listing path if not yet occurred. | N/A | View |
| N/A | N/A | Potential Initial Listing or Sale of KUE | N/A | View |
| N/A | N/A | Potential Sale of KUE or Initial Listing | N/A | View |
HOUSE_OVERSIGHT_024558.jpg
This document is page 125 of a legal agreement (likely a partnership agreement) outlining investment restrictions and transferability rules for an entity named KUE (likely Knowledge Universe Education). It mandates that KUE be the exclusive vehicle for the 'Principals' to invest in pre-K through 12th-grade education companies, with specific exceptions for LeapFrog Enterprises, Nobel Learning Communities, and K12 Inc. It also details strict restrictions on the transfer of investor units, requiring General Partner approval.
HOUSE_OVERSIGHT_024557.jpg
This document is a page from a legal agreement, likely a Private Placement Memorandum or Partnership Agreement, concerning an entity named 'KUE' and 'KUE LLC'. It outlines provisions for the sale or listing of the entity within nine years, ensures equal consideration for Investors and Principals during mergers (Section 14.14), and establishes strict governance and approval thresholds for 'Related Party Transactions' involving the Principals (Section 14.15). The document bears a House Oversight Committee Bates stamp.
HOUSE_OVERSIGHT_024556.jpg
This document is a page from a legal agreement (likely an offering memorandum) detailing financial structures for an entity named KUE (likely Knowledge Universe Education). It outlines a $20 million annual fixed overhead payment to KULG starting July 1, 2006, and defines a 7-year 'Illiquidity Period' after which the company must pursue a sale or public listing. It also establishes governance rules for 'Principals' wishing to bid on the company during a sale process, ensuring oversight by an Independent Committee.
HOUSE_OVERSIGHT_024470.jpg
This document is page 37 of a legal agreement (likely a Private Placement Memorandum or Partnership Agreement) concerning an entity named 'KUE'. It details the 'Illiquidity Period' (7 years) and the protocols for a future sale or Initial Public Offering (IPO), specifically outlining conflict of interest rules for 'The Principals' if they choose to bid on the company versus the role of an 'Independent Committee'. The document is stamped with a House Oversight Committee identifier.
HOUSE_OVERSIGHT_024467.jpg
This document is page 34 of a Private Placement Memorandum or Limited Partnership Agreement for an entity named KUE (likely KUE LLC). It defines 'Related Party Transactions' and establishes governance thresholds: transactions over $1 million involving the Principals require specific definitions, while those between $1 million and $50 million require Independent Committee or Limited Partner approval. Transactions exceeding $50 million require approval from both the Independent Committee and a majority of unaffiliated Limited Partners.
HOUSE_OVERSIGHT_024464.jpg
This document is page 31 of a legal agreement (stamped House Oversight) detailing profit distribution waterfalls and merger provisions for a partnership involving KUE LLC. It specifies that 'The Principals' operate through KUE LLC and outlines complex rules regarding high-vote versus low-vote securities during corporate restructuring or subsidiary distributions. The text defines an 'Equal Merger Consideration Provision' ensuring Principals and Investors receive similar economic consideration during sales or mergers, with exceptions for voting rights during restructuring.
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