EFTA02502604

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 > Hi Richard, > Following the discussion we have had with regard to the April 1, 2015 Con=idential Memorandum, I am checking in with you as I have not to date recei=ed the signed Schedule E or Schedule F for LBF Holdings LLC. I believe y=u indicated that you would likely be electing the deferral alternative on =chedule F. As described in the Confidential Memorandum, tomorrow (April 2=) is the last day for submitting Schedule F and electing the deferral alte=native for potential non application of the Contingent Tax Liability. Sho=ld we not receive Schedule F from LBF Holdings by tomorrow, its KUE LP Uni=s will be purchased net of reserves and the Contingent Tax Liability as de=cribed in the Confidential Memorandum (wire transfer instructions on Sched=le E will then be needed to process payment). > I look forward to receiving the signed Schedule (either E or F) from you =y tomorrow. > Regards, > Stan > <Knowledge Universe Election - LBF Holdings 04-22-15.pdf> <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.O.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>117731</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1429742529</integer> <key>flags</key> <integer>8590195717</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>500964</string> </dict> </plist> 2 EFTA_R1_01630972 EFTA02502605