From: Richard Joslin <1

From: Richard Joslin <1 To: jeffrey E. <[email protected]> Subject: FW: Knowledge Universe Education L.P. - LBF Holdings, LLC Date: Tue, 28 Oct 2014 20:01:16 +0000 Rich D and I are now working on getting these shares into custody so that they can be sold — $1.6MM. In name of LBF Holdings. K12 Inc (LRN) came out of Knowledge Universe, an investment that was moved to BFP LP a long while back but the communication was not made to Knowledge Universe. From: Richard D'Agostino Sent: Tuesday, October 28, 2014 3:46 PM To: Richard Joslin Subject: Fwd: Knowledge Universe Education L.P. - LBF Holdings, LLC Original message From: "Joyce Seko ( Date: 10/28/2014 2:41 PM To: Richard Cc: "Andy Benson Subject: FW: Knowledge Universe Education L.P. - LBF Holdings, LLC Mr. D'Agostino, GMT-05:00 Please see below email exchanges with Eileen Alexanderson. We understood she was handling the matter and, therefore, recommend you contact her for any needed information. Thank you. Joyce Seko From: Joyce Seko ( Sent: Wednesday, December 04, 2013 5:50 PM To: 'Eileen Alexanderson' Subject: RE: Knowledge Universe Education L.P. - LBF Holdings, LLC Thank you for your email. The shares are in control of the Transfer Agent. Please contact the transfer agent whose contact information is below to make arrangements to obtain your paper stock certificates: Ruby Singh Registrar and Transfer Company 10 Commerce Drive Cranford, NJ 07016 email: Thank you. Regards, Joyce EFTA00682114 From: Eileen Alexanderson [mailto: Sent: Tuesday, December 03, 2013 9:46 AM To: Joyce Seko ( Subject: RE: Knowledge Universe Education - LBF Holdings, LLC I apologize for the extended delay. Please send paper certificates to me as follows Eileen Alexanderson Black Family Partners do Apollo Management 9 W 57th Street NY NY 10019 From: Joyce Seko ( [mailto Sent: Thursday, October 31, 2013 2:24 PM To: Eileen Alexanderson; Leon Black; John J. Suydam Cc: Melanie Spinella Subject: RE: Knowledge Universe Education L.P. - LBF Holdings, LLC The Transfer Agent has notified us that she has not received your broker's DWAC requests to process the electronic transfers of your K12 shares. The Transfer Agent has requested a mailing address for purposes of mailing out paper stock certificates if DWAC requests will not be submitted promptly. If DWAC requests will not be submitted, please provide the mailing address. If DWAC requests will be submitted promptly, your broker should use 2783 as the Transfer Agent number for the DWAC requests. Please have your broker contact the Transfer Agent, Ruby Singh at with any questions regarding DWAC requests. Thank you. Regards, Joyce This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC EFTA00682115