💰 Financial Record

payment

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Transaction Details

Payer (From)

K12 Inc. Linked to k12

Payee (To)

Principals/Affiliates Linked to Principals/Affiliates

Description

Compensation in securities (warrants/options) for services as directors.

Additional Details

Date string: Future/Conditional

Amount string:

Source document: HOUSE_OVERSIGHT_024558.jpg

📄 Source Document

HOUSE_OVERSIGHT_024558.jpg

ESTATE Collection

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Document Summary

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.

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