Such interests may involve risks in connection with such third-party involvement, including the possibility that a third-party may be in a position to take (or block) action in a manner contrary to the Company’s objectives or may have financial difficulties resulting in a negative impact on such interest. Acquisitions made with third parties in joint ventures or other entities also may involve carried interests and/or other fees payable to such third party partners or co-venturers. There can be no assurance that desirable minority shareholder rights will be available or that such rights will provide sufficient protection of the Company’s interests. 6.1.9 Certain of the Company's businesses may require additional capital Certain of the Company’s businesses, especially those in development phases, may require additional financing to satisfy their working capital requirements. The amount of the additional financing needed will depend upon the maturity and objectives of the particular business. The Company may seek to raise any required capital from different sources, and subsidiaries in foreign countries may raise capital locally. The availability of capital is generally a function of capital market conditions that are beyond the control of the Company. There can be no assurance that the Company will be able to predict accurately the future capital requirements necessary for success or that additional funds will be available from any source as needed. An inability to timely raise capital may materially and adversely affect the Company and/or its business. 6.1.10 KUE’s subsidiaries operate in regulated industries; failure to comply with governmental regulation and licensing requirements could have a material adverse effect on operations The pre-K-12 education business is highly regulated and is often subsidized with government funding or reimbursement programs. In addition, KUE and its subsidiaries may require the consent or approval of applicable regulatory