Every indexed document

as long as the securities otherwise have

multiplied by the number of Units held by the

for the Profits Participation Limited Partner

to return the Partners' Capital Contributions to

and whether certain tax elections are made

will be the holder of the Profits Participation

and certain other persons designated by KULG

payment at the initial closing of the offering of

which will be distributed promptly to the holders

a Delaware limited liability company (""KUE LLC"")

the Agreement Among Members of KUE Management

are outlined below. The terms summarized herein are set forth in detail

the organizational documents of the General Partner and

which are subject to and qualified in their entirety by reference to

as k12 further penetrates its existing markets through commercial and

educational materials and financial services (life insurance

000 children KLC OpCo interacts with each year

using KLC's expertise to establish similar operations across geographies and across

served as CFO of Headstrong for five years before joining k12.

Founder and acting CEO Ron Packard has extensive experience in the K-12 education