💰 Financial Record

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.