💰 Financial Record

payment

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Transaction Details

Amount

USD $2,500,000.0

Payer (From)

KUE Linked to KUE

Payee (To)

Knowledge Learning Corporation Linked to Knowledge Learning Corporation

Description

Fee payable pursuant to existing management services agreement.

Additional Details

Date string: N/A

Amount string: 2500000

Source document: HOUSE_OVERSIGHT_024556.jpg

📄 Source Document

HOUSE_OVERSIGHT_024556.jpg

ESTATE Collection

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Document Summary

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.

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