16.10. Indebtedness of KUE with affiliates The proceeds of the $150 million term loan facility that KUE entered into on March 29, 2006 with an
affiliate of Credit Suisse, one of the Agents (as described in “Knowledge Universe Education (KUE) — Term Loan Facility”), were used to repay existing debt of KUE to entities controlled by Michael Miiken.
16.11. A12
An affiliate of Michael Milken and Lowell Milken owns the &72 trademark and related domain names, and licenses them to k72 for $25,000 annually pursuant to a perpetual license.
An affiliate of Michael Milken and Lowell Milken owns (i) 3,106,774 shares of common stock of 72, (ii)
warrants to purchase 53,364 shares of k12 common stock at $1.60 per share and (iii) warrants to purchase 1,164,179 shares of k12 Series B Preferred Stock at $1.34 per share.
16.12. Condors LLC
Condors LLC, substantially all of which is owned by the Principals, is the lender under the Junior Mezzanine Loan entered into in connection with the new CMBS financing.
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