9. KNOWLEDGE UNIVERSE EDUCATION (“KUE”) KUE is the third largest for-profit education company in the world. KUE currently operates in the U.S. and is the indirect parent company (87.6% ownership**) of KLC and also a major shareholder (owns 17.9% to 40.0%"* of equity) cf kA12. In November 2005, KLC divided its business, with substantially all of its real estate owned by special purpose subsidiaries (KLC PropCo) and all of its customer contracts and operations remaining at KLC and certain other subsidiaries (KLC OpCo). The controlling shareholders of the General Partner are Michael Milken, Lowell Milken and Steven Green (collectively the “Principals"). Michael Milken and Lowell Milken each has more than two decades of experience in the education sector through involvement in several for-profit and not-for-profit initiatives. Steven Green, a former U.S. ambassador to Singapore, has more than two decades of experience as an international industrialist leading major corporate restructurings and expansions in manufacturing, housing, consumer products, retail and real estate enterprises. The Principals founded KUE and its affiliated companies over the past decade based on their vision of a world where competition for human capital is becoming the driving force of economic prosperity. KUE represents the Principals’ sole vehicle for equity investment opportunities in the early education through secondary school sector going forward. The Company has an accomplished and internationally recognized leadership team. Led by the Principals, the Company has a prominent management team and advisory board with significant financial resources and substantial experience in the fields of education and real estate management. Additionally, through its past experiences at KLC, the Company has demonstrated the ability to acquire and integrate education assets. The Company's management consists of people with diverse backgrounds in operations, corporate finance, real estate, government rela