From: Richard Joslin Sent: Wednesday, April 22, 2015 10:42 PM To: Jeffrey E. Cc: Richard D'Agostino Subject: Re: Knowledge Universe Education L.P. -- Confidential Memorandum We elected to sell partnership interest and receive cash currently with som= cash coming lwhen contingent claims are settled in future. No election t= defer sale. Loss on sale of this partnership approx 518mm recognized in =015 (company estimate). Balance of Knowledge Universe partnership interes=s has low basis and large unrealized appreciation (based on company valuat=on). > On Apr 22, 2015, at 5:38 PM, Richard D'Agostino wrote: > 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 [mailso > 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 Original Messa > From: Stan Maron [mailto > Sent: Tuesday, April 21, 2015 4:12 PM > To: Richard Joslin > Cc: Richard D'Agostino > Subject: RE: Knowledge Universe Education L.P. -- Confidential Memorandum EFTA_R1_01630971 EFTA02502604