From: Richard Joslin To: jeffrey E. <[email protected]> Subject: RE: Knowledge Universe Education L.P. -- Confidential Memorandum Date: Thu, 23 Apr 2015 15:32:13 +0000 The economic owner is BFP LP. The titular owner on Knowledge Universe records is LBF Holdings. This was an investment that dates to the period of rollup (BFP creation) and initially acquired by LBF Holdings and was transferred to BFP LP. From: jeffrey E. [[email protected]] Sent: Wednesday, April 22, 2015 6:49 PM To: Richard Joslin Subject: Re: Knowledge Universe Education L.P. -- Confidential Memorandum who owned it? On Wed, Apr 22, 2015 at 6:42 PM, Richard Joslin > wrote: We elected to sell partnership interest and receive cash currently with some cash coming lwhen contingent claims are settled in future. No election to defer sale. Loss on sale of this partnership approx $18mm recognized in 2015 (company estimate). Balance of Knowledge Universe partnership interests has low basis and large unrealized appreciation (based on company valuation). > On Apr 22, 2015, at 5:38 PM, Richard D'Agostino > Please see attached on behalf of LBF Holdings LLC > Original Messa e > From: Stan Maron [mailto: > Sent: Tuesday, April 21, 2015 4:35 PM > To: Richard Joslin > Cc: Richard D'Agostino > Subject: RE: Knowledge Universe Education L.P. -- Confidential Memorandum > Thanks Richard. Will await receipt. > Stan > Original Message > From: Richard Joslin [mailto: > Sent: Tuesday, April 21, 2015 1:14 PM > To: Stan Maron > Cc: Richard D'Agostino > Subject: RE: Knowledge Universe Education L.P. -- Confidential Memorandum > Stan: > We will revert with option to either defer to take cash by tomorrow. > Thanks wrote: EFTA00707535