<SEC-DOCUMENT>0000898822-12-000630.txt : 20121126
<SEC-HEADER>0000898822-12-000630.hdr.sgml : 20121126
<ACCEPTANCE-DATETIME>20121126100602
ACCESSION NUMBER:		0000898822-12-000630
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20121126
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20121126
DATE AS OF CHANGE:		20121126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCGRAW-HILL COMPANIES INC
		CENTRAL INDEX KEY:			0000064040
		STANDARD INDUSTRIAL CLASSIFICATION:	BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731]
		IRS NUMBER:				131026995
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01023
		FILM NUMBER:		121223316

	BUSINESS ADDRESS:	
		STREET 1:		1221 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		2125122000

	MAIL ADDRESS:	
		STREET 1:		1221 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCGRAW HILL INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCGRAW PUBLISHING CO
		DATE OF NAME CHANGE:	19670327

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HILL PUBLISHING CO
		DATE OF NAME CHANGE:	19670327
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>mhp8-kpurchaseagreement2doc.htm
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<P style="TEXT-ALIGN: center; MARGIN: 1.8pt 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US face="Times New Roman">UNITED STATES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Washington, D.C. 20549</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US face="Times New Roman">FORM 8-K</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">CURRENT REPORT</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Pursuant to Section&nbsp;13 or 15(d) of the</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Securities Exchange Act of 1934</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Date of Report (Date of earliest event reported): November 26, 2012</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 24pt" lang=EN-US face="Times New Roman">THE MCGRAW-HILL COMPANIES, INC.</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face="Times New Roman">(Exact Name of Registrant as Specified in its Charter)</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">1221 Avenue of the Americas, New York, New York 10020</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face="Times New Roman">(Address of Principal Executive Offices) (Zip Code)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0.1in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(212) 512-2000</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 1.01&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Entry into a Material Definitive Agreement</FONT></U></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On November 26, 2012, The McGraw-Hill Companies, Inc., a New York corporation (the &#8220;Company&#8221;) and certain subsidiaries (collectively, the &#8220;Sellers&#8221;), along with McGraw-Hill Education LLC, entered into a Purchase and Sale Agreement (the &#8220;Purchase Agreement&#8221;) with MHE Acquisition, LLC (the &#8220;Purchaser&#8221;), an entity wholly-owned by investment funds managed by <FONT style="DISPLAY: none; COLOR: teal; FONT-SIZE: 12px" face=times> </FONT>affiliates of <FONT style="DISPLAY: none; COLOR: teal; FONT-SIZE: 12px" face=times> </FONT>Apollo Global Management, LLC. Pursuant to the Purchase Agreement, the Purchaser will acquire certain subsidiaries of the Company (the &#8220;Education Group&#8221;) engaged in the education business (the &#8220;Education Business&#8221;) for $2.5 billion (the &#8220;Transaction&#8221;), consisting of $2,250 million in cash and $250 million in senior unsecured notes, the terms of which are described below.&nbsp; The purchase price will also be subject to purchase price adjustments as described further in the Purchase Agreement. &nbsp;The Company estimates that its proceeds from the Transaction will be approximately $1.9 billion net of tax and closing adjustments.&nbsp; The transaction is expected to close in late 2012 or early 2013.</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=red face="Times New Roman"> &nbsp;</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As part of the consideration for the Transaction, the&nbsp;Purchaser will issue to the Company or one or more of its designated affiliates senior unsecured notes in an aggregate principal amount of $250 million (the &#8220;Seller Notes&#8221;).&nbsp; The Seller Notes will bear interest at a rate of 8.5% per annum until the fifth anniversary of the Closing and 11.0% per annum thereafter.&nbsp; Interest on the Seller Notes will be compounded semi-annually and will be payable in cash or in kind, at the election of the Purchaser, until the fifth anniversary of the Closing and in cash thereafter.&nbsp; The Purchaser may redeem the Seller Notes, in whole or in part, at any time, at par, plus accrued and unpaid interest to the redemption date, plus, after the fifth anniversary of the Closing, a premium declining over time to zero.&nbsp; The Seller Notes will mature 8&#189; years after the Closing and will be subject to mandatory redemption (or a mandatory offer to repurchase) upon the occurrence of certain events, including a change of control.&nbsp;Furthermore, upon the occurence of certain events, the interest rate applicable to the Senior Notes may become 11.0% per annum and the redemption premium may begin to apply prior to the fifth anniversary of the Closing.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consummation of the Transaction is subject to certain customary closing conditions, including, among others, the expiration of the HSR waiting period and the receipt of regulatory approvals in certain foreign jurisdictions. The obligations of the parties to close the Transaction are also subject to the accuracy of representations and warranties of, and compliance with covenants by, the other party as set forth in the Purchase Agreement (in each case subject to materiality) and, in the case of the Purchaser&#8217;s obligations, the absence of any material adverse change affecting the Education Group.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=red face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Purchase Agreement contains customary indemnification obligations of each party with respect to breaches of their respective representations, warranties and covenants, and certain other specified matters and generally provides that the Company will indemnify the Purchaser for liabilities not related to the Education Business and the Purchaser will indemnify the Company for liabilities related to the Education Business.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The parties to the Transaction have made customary representations and warranties, and covenants, including with respect to the conduct of the Education Business during the interim period between the execution of the Purchase Agreement and the Closing. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=red face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The representations, warranties and covenants set forth in the Purchase Agreement have been made only for the purposes of such agreement and were solely for the benefit of the parties to the Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures, may have been made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Accordingly, the Purchase Agreement is included with this filing only to provide investors with information regarding the terms of the Purchase Agreement, and not to provide investors with any other factual information regarding the parties or their respective businesses, and should be read in conjunction </FONT>


<FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">with the disclosures in the Company&#8217;s periodic reports and other filings with the Securities and Exchange Commission.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under certain conditions specified in the Purchase Agreement, the Sellers may be entitled to a reverse termination fee of $125 million if financing is not obtained and the Purchaser is unable to close on the Transaction. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At Closing, the parties will enter into a transition services agreement to provide certain transitional services with respect to the Education Group following the Transaction. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The parties have also agreed to enter into a trademark coexistence agreement whereby the Purchaser will have the exclusive right to utilize certain McGraw-Hill Education marks associated with the Education Business in the education field of use, and the Company will retain the exclusive right to use such marks in all other fields of use.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of the Purchase Agreement is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated in this Item 1.01 by reference.&nbsp; The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 8.01 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Other Events</FONT></U></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A press release announcing the Transaction was issued by the Company on November 26, 2012, a copy of which is included as Exhibit 99.1 hereto and hereby incorporated by reference.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 9.01 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Financial Statements and Exhibits</FONT></U></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase and Sale Agreement between The McGraw-Hill Companies, Inc., McGraw-Hill Education LLC, various sellers named therein and MHE Acquisition, LLC, dated November 26, 2012. (Pursuant to Item 601(b)(2) of Regulation S-K, the registrant hereby agrees to supplementally furnish to the Securities and Exchange Commission upon request any omitted schedule or exhibit to the Purchase Agreement.)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.1&nbsp;&nbsp;&nbsp;&nbsp; The McGraw-Hill Companies, Inc. Press Release, dated November 26, 2012.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">SIGNATURES</FONT></U></B></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K Report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">THE McGRAW-HILL COMPANIES, INC.</FONT></P></TD></TR>

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   <DIV style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; MARGIN-BOTTOM: 0.6pt; MARGIN-LEFT: 0in; BORDER-TOP: medium none; MARGIN-RIGHT: 0in; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=EN-US face=timesnewromanpsmt-identity-h>/s/ Kenneth M. Vittor</FONT></FONT></P></DIV></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Name: <FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=EN-US face=timesnewromanpsmt-identity-h>Kenneth M. Vittor</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Title:&nbsp;&nbsp;&nbsp;<FONT style="LINE-HEIGHT: normal; FONT-SIZE: 12pt" lang=EN-US face=timesnewromanpsmt-identity-h>Executive Vice President and General Counsel</FONT></FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Dated: November 26, 2012</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">INDEX TO EXHIBITS</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Exhibit Number</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase and Sale Agreement between The McGraw-Hill Companies, Inc., McGraw-Hill Education LLC, various sellers named therein and MHE Acquisition, LLC, dated November 26, 2012. (Pursuant to Item 601(b)(2) of Regulation S-K, the registrant hereby agrees to supplementally furnish to the Securities and Exchange Commission upon request any omitted schedule or exhibit to the Purchase Agreement.)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.1&nbsp;&nbsp;&nbsp;&nbsp; The McGraw-Hill Companies, Inc. Press Release, dated November 26, 2012.</FONT></P>

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<P align=right>Exhibit 2.1</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">PURCHASE AND SALE AGREEMENT</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">by and among</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">THE MCGRAW-HILL COMPANIES, INC.,</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MCGRAW-HILL EDUCATION LLC,</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">the other SELLERS named herein,</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">and</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MHE Acquisition, LLC,</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Dated as of November 26, 2012</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT></P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></P></TD>

   <TD vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">ARTICLE I</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">DEFINITIONS; INTERPRETATION</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">1.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Defined Terms</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">1</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">1.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Other Definitions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">15</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">ARTICLE II</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">THE SALE AND PURCHASE</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Sale and Purchase of Shares</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">18</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Purchase Price</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">18</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Closing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">18</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Closing Adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">20</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Post-Closing Statements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">20</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Reconciliation of Post-Closing Statements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">21</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Post-Closing Adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">22</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Purchase Price Allocation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">22</FONT></P></TD></TR>

<TR style="HEIGHT: 13.9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.9pt; PADDING-TOP: 0in" vAlign=top rowSpan=2 width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.9pt; PADDING-TOP: 0in" vAlign=top rowSpan=2 width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Foreign Transfer and Acquisition Agreements; Deferred Closings; Delayed Transfers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.9pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13.85pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.85pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">23</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">2.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Withholding</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">26</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">ARTICLE II</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">REPRESENTATIONS AND WARRANTIES OF PARENT</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Organization and Qualification; Subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">26</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Capitalization of the Members of the Education Group</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">27</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Authority Relative to this Agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">27</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Consents and Approvals; No Violations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">27</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Financial Statements; Liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">28</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Absence of Certain Changes or Events</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">29</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Litigation </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">29</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Compliance with Laws</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">29</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Permits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">29</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Employee Benefit Plans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">30</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Employees; Labor Matters</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">33</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Real Property</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">34</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">35</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Environmental Matters</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">37</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Material Contracts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">38</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Intellectual Property</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">40</FONT></P></TD></TR></TABLE></DIV>

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<DIV align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">-i-</FONT></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Intercompany Arrangements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">41</FONT></P></TD></TR>

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   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt" align=left><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">&nbsp; <FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.18</FONT></FONT></FONT></P></TD>

   <TD vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">&nbsp; Brokers</FONT></P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp; 42</FONT></P></TD></TR>

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   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">&nbsp; 3.19</FONT></P></TD>

   <TD vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">&nbsp; Sufficiency of Assets</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp; 42</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Insurance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">42</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Anti-Corruption Laws; Certain Regulatory Matters</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">42</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Accounts Receivable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">43</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Inventory</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">43</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">3.24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">No Other Representations or Warranties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">43</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ARTICLE IV</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">REPRESENTATIONS AND WARRANTIES OF PURCHASER</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Organization and Qualification; Subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">44</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Authority Relative to this Agreements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">44</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Consents and Approvals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">44</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Financing </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">45</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Solvency</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">46</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Litigation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">46</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Matters</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">47</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Brokers&#8217; Fees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">47</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Acquisition of Shares for Investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">47</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Guaranty</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">47</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Inspections; Limitation of Sellers&#8217; Warranties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">48</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">4.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">ERISA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">48</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ARTICLE V</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ADDITIONAL AGREEMENTS</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Access to Books and Records</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">48</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Confidentiality</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">49</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Efforts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">49</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Conduct of Business</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">51</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Consents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">54</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Public Announcements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">54</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Intercompany Accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">55</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Guarantees; Commitments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">55</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Insurance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">56</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Litigation Support</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">57</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Payments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">57</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Non-Sollicitation; Non-Competition</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">58</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Directors and Officers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">59</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">59</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Shared Contracts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">65</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">5.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">McGraw-Hill Marks and Domain Names</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">66</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="78%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Resignations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">66</FONT></P></TD></TR></TABLE><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></DIV>

<P></P></DIV>

<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">-ii</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_4"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader4"></a><DIV><FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P></P>

<P>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 0px; MARGIN-LEFT: 41.4pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"><U>ARTICLE VI</U></FONT></P>

   <P style="MARGIN: 0in 0in 0pt" align=center><U></U>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman"></FONT></P></TD>

   <TD vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"><U>EMPLOYEE MATTERS COVENANTS</U></FONT></P>

   <P style="MARGIN: 0in 0in 0pt" align=center>&nbsp;</P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#000000 face="Times New Roman">6.1</FONT></P></TD>

   <TD vAlign=top>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#000000 face="Times New Roman">&nbsp; Treatment of Transferred Employees</FONT></P></TD>

   <TD vAlign=top>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#000000 face="Times New Roman">&nbsp; 66</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">WARN and Corresponding State Laws</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">69</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Transfer of Business Employee Plans and Non-US Business Employee Plans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">69</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Unused Vacation, Sick Leave and Personal Time</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">69</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Workers&#8217; Compensation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">69</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Defined Contribution Pension Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">70</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">2012 Cash Performance Awards</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">70</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">2012 Annual Bonus Awards</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">71</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Treatment of Parent Equity Awards</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">71</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Withdrawal from Benefit Plans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">71</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Supplemental 401(k) Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">72</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Deferred Compensation Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">73</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Noticed Business Employees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">73</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">6.14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">No Third-Party Beneficiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">74</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ARTICLE VII</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">TAX MATTERS</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Section 338 Elections</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">74</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Indemnification by Parent</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">75</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Indemnification by Purchaser</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">75</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Straddle Periods</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">76</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Returns</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">76</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Certain Tax Benefits, Refunds, Credits and Carrybacks</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">78</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Contests</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">79</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Cooperation and Exchange of Information</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">80</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Sharing Agreements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">81</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Tax Treatment of Payments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">81</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Certain Tax Elections</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">81</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Additional Post-Closing Tax Covenant</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">81</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Transfer Taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">81</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Timing of Payments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">82</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">7.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Suvival; Tax Matters Coordination</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">82</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ARTICLE VIII</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">CONDITIONS TO OBLIGATIONS TO CLOSE</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">8.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Conditions to Obligations of Each Party to Close</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">82</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">8.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Conditions to Purchaser&#8217;s Obligation to Close</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">83</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">8.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Conditions to Seller&#8217;s Obligation to Close</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">83</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">8.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Conditions to Deferred Closings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">84</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></FONT></DIV>

<DIV align=center>

<P></P>-iii-<FONT></DIV></DIV>

<DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



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<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 503.099pt; MARGIN-LEFT: 41.4pt" border=0 cellSpacing=0 cellPadding=0>

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   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp; 8.5</FONT></P></TD>

   <TD vAlign=top width="77%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=center><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">Frustration of Closing Conditions</FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp; 84</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></P></TD>

   <TD vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman"></FONT></U></P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></P></TD>

   <TD vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ARTICLE IX</FONT></U></P></TD>

   <TD vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></P></TD></TR>

<TR>

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   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">TERMINATION</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">9.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Termination</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">84</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">9.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Notice of Termination</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">86</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">9.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Effect of Termination</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">86</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">9.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Reverse Termination Fee and Willful and Material Breach</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">86</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">9.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Extension; Waiver</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">88</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">ARTICLE XI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">INDEMNIFICATION</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.5pt; PADDING-TOP: 0in" vAlign=top rowSpan=2 width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.5pt; PADDING-TOP: 0in" vAlign=top rowSpan=2 width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Survival of Representations, Warranties, Covenants and Agreements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.5pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.5pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">88</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Indemnification by Parent</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">89</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Indemnification by Purchaser</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">90</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Indemnificaation Procedures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">91</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Exclusive Remedy and Release</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">92</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Additional Indemnification Provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">92</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Limitation of Liability</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">93</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Mitigation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">93</FONT></P></TD></TR>

<TR style="HEIGHT: 6.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6.75pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">10.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6.75pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Effect of Knowledge</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6.75pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">93</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">ARTICLE XI</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="COLOR: #000000; FONT-SIZE: 12pt" color=#0000ff face="Times New Roman">GENERAL PROVISIONS</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Interpretation; Absence of Presumption</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">93</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Headings; Definitions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">94</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Governing Law; Jurisdiction and Forum; Waiver of Jury Trial</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">94</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Entire Agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">96</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">No Third Party Beneficiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">96</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">96</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Notices</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">97</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Successors and Assigns</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">97</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Amendments and Waivers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">98</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Severability</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">98</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.11</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Specific Performance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">98</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="77%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">No Admission</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">99</FONT></P></TD></TR>

<TR>

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   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.13</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Agency</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">99</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="MARGIN: 0in 4.95pt 0pt 0in"><FONT style="COLOR: #000000; FONT-SIZE: 12pt" face="Times New Roman">11.14</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="COLOR: #000000; FONT-SIZE: 12pt; TEXT-DECORATION: none" color=#0000ff face="Times New Roman">Counterparts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">99</FONT></P></TD></TR></TABLE></DIV>

<DIV align=center>&nbsp;</DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">-iv-</FONT></P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibits</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;A:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan of Reorganization</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;B:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form of Limited Guaranty</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit C:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Employees</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;D:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form of Trademark Coexistence Agreement</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;E:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form of Transition Services Agreement</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit F:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terms of Seller Note</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;G:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form of Foreign Transfer and Acquisition Agreements</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedules</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;I:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sellers</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;II:&nbsp;&nbsp;&nbsp;&nbsp; Transferred Companies</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;III:&nbsp;&nbsp; Transaction Accounting Principles</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;IV:&nbsp;&nbsp; Purchase Price Allocation</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;V:&nbsp;&nbsp;&nbsp; Shared Contract Allocation</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Seller Disclosure Schedule</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser Disclosure Schedule</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">-v</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">PURCHASE AND SALE AGREEMENT</FONT></B></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">This PURCHASE AND SALE AGREEMENT (this &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Agreement</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), dated as of November 26, 2012, is by and among The McGraw-Hill Companies, Inc., a New&nbsp;York corporation (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), the entities set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;I</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> hereto (collectively and together with Parent, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sellers</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; and each, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Seller</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), McGraw-Hill Education LLC, a Delaware limited liability company (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MH Education</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and MHE Acquisition, LLC, a Delaware limited liability company (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) (each of Purchaser and Sellers, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Party</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; and collectively &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parties</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;).&nbsp;</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">RECITALS</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">WHEREAS, prior to the Closing, Parent will complete the internal restructuring transactions listed in the Plan of Reorganization attached hereto as </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;A</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Plan of Reorganization</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) so that Sellers will, as of the Closing, collectively hold the outstanding equity interests of the entities set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;II</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> hereto (each, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Transferred Company</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; and collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Transferred Companies</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), each of which is engaged in the Business;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">WHEREAS, Sellers desire to sell and transfer, and Purchaser desires to purchase, all of the capital stock or other equity interests of the Transferred Companies held by Sellers (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Shares</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) for the consideration set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.2</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, subject to the terms and conditions of this Agreement;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">WHEREAS, concurrently with the execution of this Agreement, and as a condition and inducement to each Seller&#8217;s willingness to enter into this Agreement, Apollo Investment Fund VII, L.P and its affiliated investment funds (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Guarantors</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) have duly executed and delivered to each Seller a limited guaranty, dated as of the date of this Agreement, in favor of Sellers (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Guaranty</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) in the form attached hereto as </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;B</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">;&nbsp;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">WHEREAS, at the Closing, Sellers and Purchaser shall enter into the Ancillary Agreements; and</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">WHEREAS, the Parties desire to make certain representations, warranties, covenants and agreements in connection with this Agreement.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:</FONT></P>

<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;I</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>DEFINITIONS; INTERPRETATION</FONT></H1>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><U>1.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Defined Terms.</U> For the purposes of this Agreement, the following terms shall have the following meanings:</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Action</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any action, claim, demand, arbitration, charge, complaint, indictment, litigation, suit or other civil, criminal, administrative or investigative proceedings.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Adjustment Amount</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i)&nbsp;Working Capital, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">plus&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (ii)&nbsp;the applicable Proportionate Equity Share of cash and cash equivalents of each member of the Education Group (other than any Trapped Cash), </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">less&nbsp;</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(iii)&nbsp;the Target Working Capital Amount, </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">less</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (iv)&nbsp;the applicable Proportionate Equity Share of Indebtedness of each member of the Education Group, in each case, as of the close of business on the Closing Date.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Affiliate</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, with respect to any Person, any other Person that directly, or through one or more intermediaries, controls or is controlled by or is under common control with such Person; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that, from and after the Closing, (i)&nbsp;none of the members of the Education Group shall be considered an Affiliate of Sellers or Sellers&#8217; Affiliates and (ii)&nbsp;none of Sellers or any of Sellers&#8217; Affiliates shall be considered an Affiliate of any member of the Education Group.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Ancillary Agreements</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the Guaranty, the Trademark Coexistence Agreement, the Transition Services Agreement, the Foreign Transfer and Acquisition Agreements and the Escrow Agreement.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Anti-Corruption Laws</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all Laws issued by a Governmental Entity that are designed or intended to address bribery or corruption (governmental or commercial), including Laws that prohibit the payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any government official, government employee or commercial entity to obtain a business advantage, including, the U.S. Foreign Corrupt Practices Act of 1977, as amended from time to time (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">FCPA</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and all Laws enacted to implement the OECD Convention on Combating Bribery of Foreign Officials in International Business Transactions.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Antitrust Law</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the Sherman Act, as amended, the Clayton Act, as amended, the HSR Act, the Federal Trade Commission Act, as amended, and all other applicable Laws (including non-U.S. Laws) issued by a Governmental Entity that are designed or intended to prohibit, restrict or regulate actions or transactions having the purpose or effect of monopolization, restraint of trade, lessening of competition through merger or acquisition, or effectuating foreign investment.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Business</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the business as conducted prior to the Closing by the members of the Education Group, in a manner in all material respects consistent with the description thereof set forth in the Registration Statement on Form 10 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Form 10</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) filed by McGraw-Hill Education, Inc. with the SEC on July&nbsp;11, 2012, as amended prior to the date hereof, and the reconciliation set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.5</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule, of publishing, distributing and selling Education content in digital and print media, including providing information, analysis, instruction, learning, assessment and/or training, in any subject matter, the primary purpose of which is to maintain, develop, measure and/or increase the knowledge and/or skills of the recipient for academic, scholarly, vocational, occupational, self-help, self-enrichment or professional purposes; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that the Business does not include any business conducted prior to the date hereof by Parent under the Standard &amp; Poor&#8217;s/S&amp;P, Platts, Capital IQ, JD Power, Aviation Week or McGraw-Hill Construction brands.&nbsp; For purposes of this definition, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Education</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; consists of the following fields:</FONT></P>

<H3 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">primary and secondary (</FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">e.g.</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, birth through 12th grade) learning, instruction, </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">assessment, and administration;</FONT></P>

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<H3 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">post-secondary (</FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">e.g.</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, college, university, graduate) learning, instruction, assessment, and administration;</FONT></H3>

<H3 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">vocational, occupational, and/or professional learning for the purpose of enhancing one&#8217;s generalized knowledge of a particular subject, facilitating or improving one&#8217;s general skills and general performance, improving individual outcomes and/or achieving or maintaining certification, licensure, accreditation or similar accountability requirements and standards;</FONT></H3>

<H3 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">preparation for and administration of assessment and/or standards-based testing of academic, professional or other job-related achievement, status and/or progress with respect to any of the disciplines (a)&nbsp;through (c), above (for the sake of clarity, such testing may be administered through intermediaries, including but not limited to, state and district departments of education, school administrators, and other government agencies); and</FONT></H3>

<H3 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">learning for the purpose of self-help and/or self-enrichment including by consumers.</FONT></H3>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Business Day</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any day that is not a Saturday, a Sunday or other day on which commercial banks in the City of New&nbsp;York, New&nbsp;York are required or authorized by Law to be closed.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Business Employee</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean an individual listed on </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><U>Exhibit&nbsp;C</U>&nbsp;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">to this Agreement, which Exhibit&nbsp;shall be updated by Parent prior to the Closing Date.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Code</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the U.S. Internal Revenue Code of 1986, as amended.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Combined Tax Return</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any affiliated, consolidated, combined, unitary or other group Tax Return that includes at least one member of the Parent Group, on the one hand, and at least one member of the Education Group, on the other hand.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Compliant</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, with respect to the Required Information, that (i)&nbsp;such Required Information does not contain any untrue statement of a material fact regarding the Business</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">, </FONT><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman">or omit to state any material fact regarding the Business necessary in order to make such Required Information not materially misleading under the circumstances,</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(ii)&nbsp;such Required Information complies in all material respects with all applicable requirements of Regulation S-K and Regulation S-X under the Securities Act for a registered public offering and (iii)&nbsp;the financial statements and other financial information included in such Required Information would not be deemed stale or otherwise be unusable under customary practices for offerings and private placements of debt securities under Rule 144A of the Securities Act and are sufficient to permit the Education Group&#8217;s applicable independent accountants to issue comfort letters to the Debt Financing Sources and other financing sources providing the Debt Financing, including as to customary negative assurances and change period, in order to consummate any offering of debt securities on any day during the Marketing Period, which such accountants have confirmed they are prepared to issue.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Confidentiality Agreement</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the confidentiality agreement, dated as of June 22, 2012, by and between Parent and Apollo Management VII, L.P., an Affiliate of Purchaser.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Contract</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any agreement, contract, indenture, note, bond, lease, sublease, conditional sales contract, mortgage, license, sublicense, franchise agreement, undertaking, commitment or other binding arrangement (in each case, whether written or oral), excluding any Benefit Plan.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Contribution Agreement</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the contribution, assignment and assumption agreement by and between The McGraw-Hill Companies, Inc. and McGraw-Hill Education LLC, dated as of October 10, 2012.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">control</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, as to any Person, the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise (and the terms &#8220;controlled by&#8221; and &#8220;under common control with&#8221; shall have correlative meanings).</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Debt Financing Sources</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean each lender and each other Person (including each agent and arranger) that have entered into agreements in connection with the Debt Financing, including any commitment letters, engagement letters, credit agreements, loan agreements or indentures relating thereto, together with each Affiliate thereof and each officer, director, employee, partner, controlling person, advisor, attorney, agent and representative of each such lender, other Person or Affiliate.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Education Group</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the Transferred Companies and their Subsidiaries as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;1.1(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule assuming for this purpose that the Plan of Reorganization is completed prior to Closing.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Education Group Intellectual Property</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean Intellectual Property primarily used in the operation and conduct of the Business, whether in development or completed.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Environmental Laws</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any applicable Law relating to (a)&nbsp;releases or threatened releases of Hazardous Material; (b)&nbsp;pollution or protection of public or employee health or the environment or natural resources; or (c)&nbsp;the manufacture, handling, transport, use, treatment, storage or disposal of Hazardous Material.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">ERISA</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the Employee Retirement Income Security Act of 1974, as amended.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">ERISA Affiliate</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, with respect to any entity, trade or business, any other entity, trade or business that is, or was at the relevant time, a member of a group described in Section&nbsp;414(b), (c), (m) or (o) of the Code or Section&nbsp;4001(b)(1) of ERISA that includes or included the first entity, trade or business, or that is, or was at the relevant time, a member of the same &#8220;controlled group&#8221; as the first entity, trade or business pursuant to Section&nbsp;4001(a)(14) of ERISA.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">ERISA Affiliate Liability</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any and all liabilities with respect to the Benefit Plans, other than the Business Employee Plans and the Non-U.S. Business Employee Plans (i) </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">under Title IV of ERISA, (ii)&nbsp;under Section 302 of ERISA, (iii) under sections 412 and 4971 of the Code and (iv) as a result of a failure to comply with the continuation coverage requirements of section 601 et seq. of ERISA and section 4980B of the Code or similar state law.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Escrow Agreement</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean an escrow agreement to be entered into among Purchaser, Parent and the Escrow Agent on the Closing Date, in a form reasonably acceptable to each of Purchaser and Parent.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">FCPA Governmental Authority</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i)&nbsp;any national, federal, state, county, municipal, local, or foreign government or any entity exercising executive, legislative, judicial, regulatory, taxing, or administrative functions of a governmental nature, (ii)&nbsp;any public international organization (such as the World Bank, the European Union, the United Nations Educational, Scientific, and Cultural Organization, or the World Intellectual Property Organization), (iii)&nbsp;any agency, division, bureau, department, or other political subdivision of any government, entity or organization described in the foregoing clauses (i)&nbsp;or (ii), (iv)&nbsp;any company, business, enterprise, or other entity owned or controlled by any government, entity, or organization described in the foregoing clauses (i), (ii)&nbsp;or (iii)&nbsp;or (v)&nbsp;any political party.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">FCPA Government Official</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i)&nbsp;any official, officer, employee, or representative of, or any Person acting in an official capacity for or on behalf of, any FCPA Governmental Authority, (ii)&nbsp;any political party official or candidate for political office or (iii)&nbsp;any company, business, enterprise or other entity owned or controlled by any Person described in the foregoing clauses (i)&nbsp;or (ii).</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Foreign Transferred Company</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any Transferred Company incorporated or organized under the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Foreign Non-338 Target Corporation</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any member of the Education Group that is a &#8220;controlled foreign corporation&#8221; within the meaning of Section 957(a) of the Code as of the date of this Agreement (except for any such member of the Education Group (x) with respect to which Parent makes or causes to be made an election for such entity to be treated as a &#8220;disregarded entity&#8221; within the meaning of Treasury Regulation Section 301.7701-3, (y) with respect to the acquisition of which Purchaser makes or causes to be made an election under Section 338(g) of the Code or (z) that is a Non-QSP Target Corporation).</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">GAAP</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean generally accepted accounting principles in the United States, as in effect on the date of this Agreement, consistently applied.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Governmental Entity</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any foreign, domestic, federal, territorial, state or local governmental entity, quasi-governmental entity, court, tribunal, judicial or arbitral body, commission, board, bureau, agency or instrumentality, or any regulatory, administrative or other department, agency, or any political or other subdivision, department or branch of any of the foregoing.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Hazardous Material</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any pollutant, contaminant, hazardous substance, hazardous waste, special waste, toxic substance, petroleum or petroleum-derived substance, waste or additive, asbestos, PCBs, lead-based paint, radon or other radioactive material, or other </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">compound, element, material or substance in any form whatsoever (including products) regulated or restricted by or under Environmental Laws.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">HSR Act</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Income Tax</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any federal, state, local or foreign Tax based upon or measured by net income, profits or capital gains of the relevant one or more members of the Education Group.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Indebtedness</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; of any Person shall mean, without duplication, (a) the principal of and accrued and unpaid interest in respect of&nbsp;(i)&nbsp;indebtedness of such Person for money borrowed or indebtedness issued or incurred in substitution or exchange for indebtedness for money borrowed; and (ii) indebtedness evidenced by notes, debentures, bonds or other similar instruments the payment of which such Person is responsible or liable; (b) all obligations of such Person&nbsp;&nbsp;(i) issued or assumed as the deferred purchase price of property including all seller notes and &#8220;earn out&#8221; payments, as well as the purchase price (including any deferred purchase price that may be payable in connection therewith) in respect of any binding, written or definitive acquisition agreement in existence as of the date hereof or as otherwise set forth on Section 1.1.(f) of the Seller Disclosure Schedules &nbsp;(ii) under any title retention agreement (but excluding trade accounts payable and other accrued current liabilities);&nbsp; (iii) under any interest rate, currency, commodity or other hedging, swap, forward or option agreement; (iv)&nbsp; under any performance bond, banker&#8217;s acceptance or letter of credit, but only to the extent drawn or called prior to the Closing; and&nbsp;&nbsp;(v)&nbsp;for all capitalized lease obligations as determined in accordance with GAAP; (c)&nbsp;all obligations of the type referred to in clauses&nbsp;(a)&nbsp;and (b)&nbsp;of any Persons the payment of which such Person is responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise, (d) one-third of the expected payment obligations under the 2012 Cash Performance Awards (as determined in the reasonable, good faith discretion of Parent), (e) liabilities for accrued benefits as of the Closing Date under the MHE Supplemental 401(k) Plan and the MHE DC Plan &nbsp;and (f)&nbsp;for clauses&nbsp;(a) through (c), any termination fees, prepayment penalties, change of control, &#8220;breakage&#8221; cost or similar payments (but excluding, for the avoidance of doubt, any cash collateral required in respect of any performance bond, banker&#8217;s acceptance or letter of credit) associated with the repayments of such Indebtedness on the Closing Date to the extent paid on the Closing Date; provided that Indebtedness of any member of the Education Group shall not include any amounts owed or obligations to another member of the Education Group.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Intellectual Property</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, as they exist anywhere in the world, any and all rights in, arising out of, or associated therewith: (a)&nbsp;patents and applications therefor and all reissues, divisions, divisionals, renewals, extensions, provisionals, continuations and continuations-in-part thereof, (b)&nbsp;inventions, discoveries, improvements, trade secrets, proprietary information, know how, Software, technology, business methods, and customer lists, and all documentation relating to any of the foregoing, (c)&nbsp;copyrights, copyright registrations and applications therefor (including copyrights in Software and websites) and reversions, extensions and renewals thereof, and all other rights corresponding thereto (d) moral and economic rights of authors and inventors (with respect to Sellers, to the extent controlled by Sellers), (e)&nbsp;trademarks, trade names, logos, service marks, slogans, trade dress, designations or indicia of source and all goodwill associated </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">therewith (f) databases and data collections and all rights therein, and (g)&nbsp;all Internet addresses, sites, URLs and domain names.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Interest Rate</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean a rate per annum equal to the three (3)-month LIBOR (as published by the British Bankers Association, or, if not published therein, in another authoritative source selected by Sellers and Purchaser) on the date such payment was required to be made (or if no quotation for three (3)-month LIBOR is available for such date, on the next preceding date for which such quotation is available) </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">plus</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> 250 basis points.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">IRS</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the U.S. Internal Revenue Service.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Knowledge of Parent</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the actual knowledge of the Persons listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;1.1(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule, in each case after reasonable inquiry. </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Notwithstanding the foregoing, for </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Section 3.21</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> only, &#8220;Knowledge of Parent&#8221; shall mean the actual knowledge, willful blindness, conscious disregard, and/or deliberate ignorance of individuals listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Section 1.1(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> of the Seller Disclosure Schedule.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Knowledge of Purchaser</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the actual knowledge of the Persons listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;1.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Purchaser Disclosure Schedule, in each case after </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">reasonable inquiry. </FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Law</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any federal, state, local or foreign law (including common law), statute, regulation, ordinance, rule, judgment, order, decree, award, approval, concession, grant, franchise, directive, guideline, policy, requirement, Permit, or other governmental restriction or any similar form of decision or approval of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Entity in effect as of the date of this Agreement.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Liability</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all indebtedness, obligations and other liabilities, whether absolute, accrued, matured, contingent (or based upon any contingency), known or unknown, fixed or otherwise, or whether due or to become due, including any fines, penalties, judgments, awards or settlements respecting any judicial, administrative or arbitration proceedings or any damages, losses, assessments, deficiencies, claims or demands with respect to any applicable Law.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Liens</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all liens, pledges, charges, claims, security interests, purchase agreements, mortgages, deeds of trust, leases, licenses, easements, covenants, conditions, restrictions, encroachments or other survey defects, options, rights of first refusal, rights of first offer, purchase options, restrictions on transfer or other encumbrances.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Losses</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all losses, costs, interest, charges, expenses (including reasonable attorneys&#8217; fees), obligations, liabilities, settlement payments, awards, judgments, fines, penalties, damages, assessments or deficiencies, whether or not involving a third party claim.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Marketing Period</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the first period of twenty (20) consecutive calendar days after the date hereof (i)&nbsp;throughout and at the end of which Purchaser shall have (and the Debt Financing Sources shall have access to) the Required Information and such Required Information is Compliant and (ii)&nbsp;throughout and at the end of which the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections&nbsp;8.1</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">8.2</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (other than those conditions that by their nature were to have been satisfied by actions </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">taken at the Closing, which conditions were, at the time of any termination of this Agreement, capable of being satisfied if the Closing had occurred at such times) shall be satisfied </FONT><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman">and nothing has occurred and no condition exists that would cause any of the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman">Sections 8.1</FONT></U><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman">8.2</FONT></U><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman"> to fail to be satisfied, at or prior to the end of such period, </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">provided</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that (x)&nbsp;such period shall exclude the days from November&nbsp;21, 2012 through and including November&nbsp;23, 2012 and (y)&nbsp;if such twenty (20) consecutive calendar day period has not ended prior to December&nbsp;19, 2012, then it shall not commence until January&nbsp;2, 2013.&nbsp; Notwithstanding anything in this definition to the contrary, (x)&nbsp;the Marketing Period shall end on any earlier date prior to the expiration of the twenty (20) consecutive calendar day period described above if the Debt Financing is consummated on such earlier date; and (y)&nbsp;the Marketing Period shall not commence or be deemed to have commenced if, after the date hereof and prior to the completion of such twenty (20) consecutive calendar day period: (A) Sellers or any of their Subsidiaries have publicly announced its intention to, or determines that it or they must, restate any historical financial statements or other financial information included in the Required Information or any such restatement is under consideration or may be a possibility, in which case, the Marketing Period shall not commence unless and until such restatement has been completed and the applicable Required Information has been amended and updated (or such consideration has ended with no restatement being required), (B)&nbsp;the applicable independent accountants of the Education Group shall have withdrawn any audit opinion with respect to any financial statements contained in the Required Information, in which case the Marketing Period shall not be deemed to commence unless and until, at the earliest, a new unqualified audit opinion is issued with respect to such financial statements of the Education Group for the applicable periods by the applicable independent accountants or another independent public accounting firm reasonably acceptable to Purchaser, (C)&nbsp;any Required Information would not be Compliant at any time during such twenty (20) consecutive calendar day period (it being understood that if any Required Information provided at the commencement of the Marketing Period ceases to be Compliant during such twenty (20) consecutive calendar day period, then the Marketing Period shall be deemed not to have occurred) or otherwise does not include the &#8220;Required Information&#8221; as defined, or (D)&nbsp; Sellers or any of their Subsidiaries shall have failed to file any report or other document required to be filed with the SEC by the date required under the Exchange Act or the Securities Act, as applicable, in which case the Marketing Period will not be deemed to commence unless and until all such reports have been filed.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Material Adverse Effect</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean an event, development, change, occurrence, change of circumstance or state of facts, or effect that individually or in the aggregate (a)&nbsp;materially impairs the ability of Sellers to consummate the transactions contemplated by this Agreement or (b)&nbsp;is materially adverse to the members of the Education Group or their financial condition, business or results of operations taken as a whole; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that, for purposes of clause (b) only, no event, development, change, occurrence, change of circumstance or state of facts, or effect, individually or in the aggregate, resulting from any of the following shall be deemed to constitute, or shall be counted towards, &nbsp;a &#8220;Material Adverse Effect&#8221;: (i)&nbsp;changes in global or national economic, monetary, or financial conditions, including changes in prevailing interest rates, credit markets, market conditions or factors generally affecting the industry in which the members of the Education Group operate, (ii)&nbsp;changes in global or national political conditions, including the outbreak or escalation of war or acts of terrorism, (iii)&nbsp;earthquakes, hurricanes, tsunamis, typhoons, lightning, hailstorms, blizzards, tornadoes, droughts, floods, cyclones, arctic frosts, mudslides, wildfires and other natural disasters, weather conditions and </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">other force majeure events, (iv)&nbsp;changes in applicable Law or in GAAP, or in the interpretations thereof, (v)&nbsp;any failure by the members of the Education Group to meet any internal or published industry analyst projections or forecasts or estimates of revenue or earnings for any period (it being understood that the facts and circumstances giving rise to such failure that are not otherwise excluded from the definition of Material Adverse Effect may be taken into account in determining whether there is or has been a Material Adverse Effect), (vi)&nbsp;changes, including impacts on relationships with customers, suppliers, employees, labor organizations, or governmental entities, in each case attributable to the execution, announcement or pendency of this Agreement or the Ancillary Agreements or the transactions contemplated hereby or thereby, or (vii)&nbsp;any effect to the extent arising out of any action expressly required or prohibited&nbsp; to be taken by this Agreement or taken by Sellers or any of their Subsidiaries or any of their respective Affiliates with the prior written and fully informed consent or at the request of Purchaser, including any action requiring consent of Purchaser requested to be taken by Sellers for which consent is unreasonably withheld, conditioned or delayed in violation of this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that any adverse effects resulting from matters described in any of the foregoing clauses&nbsp;(i), (ii), (iii)&nbsp;or (iv)&nbsp;may be taken into account in determining whether there is or has been a Material Adverse Effect to the extent that they have a disproportionate effect on the members of the Education Group relative to other participants in the &nbsp;industries in which the members of the Education Group participate.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">McGraw-Hill Marks and Domain Names</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any marks and domain names of Parent or any of its Affiliates using or containing &#8220;McGraw-Hill&#8221; (in block letters or otherwise), &#8220;McGraw-Hill&#8221; either alone or in combination with other words or elements and all marks and domain names confusingly similar to or embodying any of the foregoing either alone or in combination with other words or elements, together with the goodwill associated with any of the foregoing and all marks and domain names related thereto or confusingly similar to or embodying the foregoing either alone or in combination with other words.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Non-QSP Target Corporation</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i)&nbsp;Tata McGraw-Hill Education (India) Limited, (ii)&nbsp;McGraw-Hill Ryerson Limited or (iii)&nbsp;any other member of the Education Group that is a &#8220;controlled foreign corporation&#8221; within the meaning of Section 957(a) of the Code as of the date of this Agreement (other than any such member of the Education Group with respect to which Parent makes or causes to be made an election for such entity to be treated as a &#8220;disregarded entity&#8221; within the meaning of Treasury Regulation Section 301.7701-3) for which no election under Section 338(g) of the Code may be made by the Purchaser as a matter of Tax Law in connection with the purchase of the Shares of such member of the Education Group pursuant to this Agreement.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Order</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any outstanding order, decision, judgment, writ, injunction, stipulation, award or decree.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent Group</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean Sellers and their respective Subsidiaries and Affiliates (other than any member of the Education Group).</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Permits</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all licenses, permits, franchises, approvals, registrations, authorizations, consents or orders of, or filings with, any Governmental Entity.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Permitted Liens</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the following Liens:&nbsp; (a)&nbsp;Liens disclosed or reflected on the Financial Statements; (b)&nbsp;Liens for Taxes, assessments or other governmental charges or levies (x) that are not yet due or payable or (y) that are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside in the Financial Statements to the extent required by GAAP; (c)&nbsp;statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen, workmen, repairmen and other Liens imposed by applicable Law and on a basis consistent with past practice or in the ordinary course of business of the Business or the Education Group, in each case that are not yet delinquent; (d)&nbsp;Liens incurred or deposits made in the ordinary course of business of the Business or the Education Group in connection with workers&#8217; compensation, unemployment insurance or other types of social security; (e) Liens incurred in the ordinary course of business of the Business or the Education Group securing obligations or liabilities that are not, individually or in the aggregate, material to the Education Group or the Shares; (f)&nbsp;defects or imperfections of title, easements, declarations, covenants, rights-of-way (or third party occupancy rights), restrictions and other charges, instruments or matters that do not materially affect the use or occupancy or operation of real estate as used by the Business as of the date hereof; (g)&nbsp;zoning ordinances, variances, conditional use permits and similar regulations, permits, approvals and conditions; (h) licenses of Intellectual Property granted in the ordinary course of business or pursuant to this Agreement or any Ancillary Agreement; (i) matters identified on the Title Commitments that are listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.12(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedules; and (j) Liens not created by Sellers or any of their Subsidiaries that affect the underlying fee interest of any leased real property, including master leases or ground leases, which do not, and would not reasonably be expected to, materially interfere with the ordinary conduct of the Business as it is conducted on the date hereof.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Person</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean an individual, partnership (general or limited), corporation, limited liability company, joint venture, association or other form of business organization (whether or not regarded as a legal entity under applicable Law), trust or other entity or organization, including a Governmental Entity.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Post-Closing Period</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any taxable period beginning after the Closing Date, and, in the case of any Straddle Period, the portion of such period beginning after the Closing Date.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Pre-Closing Period</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any taxable period ending on or prior to the Closing Date and, in the case of any Straddle Period, the portion of such period ending on and including the Closing Date.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Primary Jurisdiction</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the jurisdictions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;1.1(d)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Property Taxes</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean real and personal property Taxes.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Proportionate Equity Share</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, with respect to any Transferred Company, the percentage of the equity interests of such Transferred Company held by Sellers as of the date hereof, as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;II</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.2</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule, and with respect to any Subsidiary of a Transferred Company, the percentage of the equity interests of </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">such Subsidiary held, directly or indirectly, by such Transferred Company as of the date hereof, </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">multiplied</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> by the percentage of the equity interests of such Transferred Company held by Sellers as of the date hereof, as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;II</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> hereto.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser Related Parties</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean Purchaser, the Guarantors under the Guaranty, the parties to the Financing &nbsp;(including the Debt Financing Sources) and any of their respective, direct or indirect, former, current or future general or limited partners, managers, officers, directors, employees, representatives, successors and assigns.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Representative</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any Seller, member of the Education Group, or other Affiliate of a Seller, as well as any director, broker, officer, agent, employee, representative, consultant, vendor, or agent for any of the foregoing (individually and collectively).</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Required Information</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all financial statements, financial data, audit reports and other information regarding the Education Group of the type required by Regulation S-X and Regulation S-K under the Securities Act for a registered public offering and of the type and form customarily included in private placements of debt securities under Rule 144A of the Securities Act, to consummate the offering(s) of debt securities contemplated by the Debt Commitment Letters, assuming that such offering(s) were consummated at the same time during the Education Group&#8217;s fiscal year as such offering(s) of debt securities will be made, or as otherwise reasonably required in connection with the Debt Financing and the transactions contemplated by this Agreement or as otherwise necessary in order to assist in receiving customary &#8220;comfort&#8221; (including as to &#8220;negative assurance&#8221; comfort and change period) from the Education Group&#8217;s independent accountants in connection with the offering(s) of debt securities contemplated by the Debt Commitment Letters, it being understood and agreed that such information shall not include pro forma financial information or projections, which shall be the responsibility of Purchaser (without waiver of the obligations of Sellers under </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">).&nbsp;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Retained Employee Liabilities</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean all Liabilities and expenses relating to (a)&nbsp; Sellers&#8217; or their Affiliates&#8217; obligations to contribute to, make payments with respect to or provide benefits under the Benefit Plans of Sellers and their Affiliates, other than the Business Employee Plans and the Non-U.S. Business Employee Plans, (b)&nbsp;any ERISA Affiliate Liability, (c)&nbsp;the withdrawal of the Transferred Companies and/or Transferred Employees from participation in any Benefit Plan, other than the Business Employee Plans or the Non-U.S. Business Employee Plans, including, if applicable, pursuant to Section&nbsp;4062(e) of ERISA, (d) the McGraw-Hill UK Retirement Benefits Plan (1973), (e) any current or former employees, directors, consultants or independent contractors of Sellers and their Affiliates other than (i) the Business Employees or (ii) consultants or independent contractors who primarily provide services to the Business and (f) with respect to any person performing services on behalf of the Business prior to the Closing, any misclassification on or prior to Closing of any such person as an independent contractor rather than as an employee.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">SEC</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the United States Securities and Exchange Commission.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Secondary Jurisdiction</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the jurisdictions set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 1.1(d)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedules.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;338(h)(10) Subsidiaries</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean Tegrity Inc., Sunshine International Inc. and KCP Technologies, Inc.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Securities Act</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Seller Related Parties</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean Parent, Sellers, the Education Group (and each of the Subsidiaries) and any of their respective, direct or indirect, former, current or future general or limited partners, managers, officers, directors, employees, representatives, agents, successors and assigns.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Shared Contract</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any material Contract (i)&nbsp;that is listed or described in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;1.1(e)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule; (ii)&nbsp;pursuant to which Sellers or one or more of their Affiliates provide to a non-affiliated third party both services or benefits in respect of the Business and other services or benefits not in respect of the Business; or (iii)&nbsp;pursuant to which a non-affiliated third party provides to Sellers or one or more of their Affiliates both services or benefits in respect of the Business and other services or benefits not in respect of the Business.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Software</FONT></U><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any and all computer software, firmware, microcode, embedded application, or other programs, including all source code, object code, specifications, designs and documentation related to such programs. &#8220;Software&#8221; shall include commercially available, &#8220;off-the-shelf,&#8221; or &#8220;shrinkwrap&#8221; software.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Straddle Period</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any taxable period that begins on or before the Closing Date and ends after the Closing Date.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Subsidiary</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean, with respect to any Person, any corporation, entity or other organization whether incorporated or unincorporated, of which (a)&nbsp;such first Person directly or indirectly owns or controls at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions or (b)&nbsp;such first Person is a general partner or managing member.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Target Working Capital Amount</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the amount set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;III</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i) any tax of any kind, including any federal, state, local or foreign income, profits, license, severance, occupation, windfall profits, capital gains, capital stock, transfer, registration, social security (or similar), production, franchise, gross receipts, payroll, customs, sales, employment, use, property, excise, value added, estimated, stamp, &nbsp;alternative or add-on minimum, environmental or withholding tax, and any other governmental duty or assessment, together with all interest and penalties imposed with respect to such amounts</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">, </FONT><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman">(ii) any and all liability for the payment of any items described in clause (i) above as a result of being (or ceasing to be) a member of an affiliated, consolidated, combined, unitary or aggregate group (or being included (or being required to be included) in any Tax Return related to such group) and (iii) any liability for Taxes of another Person under a binding Tax Sharing Agreement or as a result of successor or transferee liability</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">.&nbsp;</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax Asset</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any Tax Item that could reduce a Tax, including a net operating loss, net capital loss, general business credit, foreign Tax credit, charitable deduction or credit related to alternative minimum Tax or other Tax credit.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax Benefit</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean the Tax effect of any Tax Item which decreases Taxes paid or payable or increases Tax basis, including any interest with respect thereto or interest that would have been payable but for such item.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax Claim</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any claim with respect to Taxes made by any taxing authority that, if pursued successfully, would reasonably be expected to serve as the basis for a claim for indemnification under </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax Item</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable, including an adjustment under Section&nbsp;481 of the Code (or any similar provision of state, local or foreign Law) resulting from a change in accounting method.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax Proceeding</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any audit, examination, contest, litigation or other proceeding with or against any taxing authority.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Tax Return</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any return, declaration, report, claim for refund or information return or statement required to be filed with any taxing authority relating to Taxes, including any schedule or attachment thereto, and any amendment thereof.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Title Commitments</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean those certain title insurance commitments issued by Stewart Title Insurance Company made available by Sellers to Purchaser prior to the date hereof and more particularly identified on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.12</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Trademark Coexistence Agreement</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean that certain Trademark Coexistence Agreement, by and between Parent and the members of the Education Group to be entered into at Closing in the agreed form attached as </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;D</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Transfer Tax</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean any sales, use, transfer, gains, documentary, stamp, value added, real property transfer, withholding or other similar Taxes and related notary and other similar fees imposed on (i) the transactions effectuated (or deemed effectuated) pursuant to this Agreement (or the Ancillary Agreements or the Foreign Transfer and Acquisition Agreements), but excluding those transactions to be effectuated pursuant to the Plan of Reorganization or (ii) the entering into this Agreement (or the Ancillary Agreements or the Foreign Transfer and Acquisition Agreements), </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">including, for the absence of doubt, any withholding Taxes arising as a result of any deemed or effective, direct or indirect, transfer of the capital stock of any member of the Education Group as a result of the transactions contemplated hereby.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=blue face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Transition Services Agreement</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean that certain Transition Services Agreement by and between Parent and the members of the Education Group to be entered into at Closing in the agreed form attached as </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;E</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Trapped Cash</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i) the excess, if any of (A) the aggregate amount of cash held by any Transferred Company or Subsidiary thereof that may not be legally distributed out of </FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">the distributable reserves or retained earnings (or other comparable concept) of such Transferred Company or Subsidiary on or, in the case of the Transferred Companies and their Subsidiaries in India, within 30 days following the Closing Date (it being understood that any amounts so distributed after such 30 day period, if any, shall be paid to Parent to the extent such amounts were treated as Trapped Cash for purposes of the Closing Adjustment) without the consent or approval of any Person (other than Purchaser, the Transferred Companies or any of their respective Subsidiaries or officers, employees, agents, representatives or other controlled Persons of Purchaser, the Transferred Companies or any of their respective Subsidiaries, including the board of directors of McGraw-Hill Ryerson Ltd.) by means of one or more dividends or distributions to Purchaser (other than by intercompany loan or advance or other transaction that results in the creation of an intercompany receivable) over (B) Operating Cash with respect to the jurisdiction of organization of such Transferred Company or Subsidiary, plus (ii) the aggregate amount of all costs, expenses and Taxes that would be incurred by Purchaser, any Transferred Company or any of their respective Subsidiaries if all cash (other than Operating Cash) that may be legally distributed out of the distributable reserves or retained earnings of such Transferred Company or Subsidiary on the Closing Date without the consent or approval of any Person (other than the Transferred Companies or any of their Subsidiaries) by means of one or more dividends or distributions to Purchaser (other than by intercompany loan or advance or other transaction that results in the creation of an intercompany receivable) was, in fact, so distributed to Purchaser on the Closing Date.</FONT></P>

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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Willful and Material Breach</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean (i)&nbsp;a deliberate act or a deliberate failure to act, which act or failure to act constitutes in and of itself a material breach of this Agreement (including, in the case of Purchaser with respect to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, any such act or failure to act by its Affiliates) and which was undertaken with the knowledge that such act or failure to act would be, or would reasonably be expected to cause, a material breach of this Agreement or (ii)&nbsp;the failure by any Party to consummate the transactions contemplated by this Agreement after all conditions to such Party&#8217;s obligations in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;VIII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> have been satisfied or waived in accordance with the terms of this Agreement (other than those conditions precedent which by their terms can only be satisfied simultaneously with the Closing but which are capable of being satisfied at the Closing); notwithstanding the foregoing, in the case of Purchaser, it shall not constitute a Willful and Material Breach if Purchaser is unable to consummate the transactions contemplated by this Agreement as a result of the failure of the Debt Financing to fund where such failure to fund did not result from the breach by Purchaser of any covenant in this Agreement.</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Working Capital</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean &#8220;Current Assets&#8221; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">minus</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> &#8220;Current Liabilities&#8221; of the members of the Education Group on a combined and consolidated basis, with Current Assets and Current Liabilities calculated on the basis of the applicable ledger entries and accounting principles and policies specified in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule&nbsp;III</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, and excluding (i)&nbsp;the current portion of any long-term indebtedness and any Liability of a type set forth in the definition of Indebtedness, (ii)&nbsp;cash and cash equivalents (including Trapped Cash), (iii)&nbsp;any receivables owing to any member of the Education Group, on the one hand, from any member of the Parent Group, on the other hand, except for intercompany receivables that will remain outstanding after the Closing in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, (iv)&nbsp;any payables owing to any member of the Parent Group, on the one hand, from any member of the Education Group on the other hand, except for intercompany payables that will remain outstanding after the Closing in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT>


<FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(v)&nbsp;any assets or liabilities in respect of Income Taxes (but not, for the absence of doubt, any Property Taxes) and any deferred Tax assets or liabilities.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">14</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT></P></DIV></DIV>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>1.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Other Definitions</U>. The following terms shall have the meanings defined in the Section indicated:</FONT></H2>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2012 Cash Performance Awards</FONT></P></TD>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.7</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(a)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.8</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.14(c)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.14(c)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.3(b)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.10</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Benefits Continuation Period</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Business Employee Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(b)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.10</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Cap</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.2(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Cash Consideration</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" color=black face="Times New Roman">CEO RSU Award</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.2(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Closing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.1</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Closing Adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Closing Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.3(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Closing Notice</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Commitment Letters</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Cure Period</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">De Minimis Amount</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(c)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.2(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Debt Commitment Letters</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Debt Financing</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deductible</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.2(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Business</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Business Investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Closing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Closing Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Closing Governmental Approvals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Closing Jurisdiction</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Closing Outside Date</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Deferred Transfer Employee</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)(iii)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Delayed Reversion Approvals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(c)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Delayed Reversion Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(c)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Delayed Reversion Entit</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(c)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">DOL</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.10(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Education Savings Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.6</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Environmental Permits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.14(a)(ii)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Equity Commitment Letters</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Equity Financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Equity Investors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Escrow Account</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Escrow Agent</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">FCPA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2(b)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2(b)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">1.1</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Final Adjustment Amount</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.6(c)</FONT></P></TD></TR></TABLE></DIV></DIV>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Final Post-Closing Adjustment Statement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.6(c)</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Financial Statements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.5(a)</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(b)</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Foreign Transfer and Acquisition Agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Governmental Approvals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.3(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Guarantors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Recitals</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Guaranty</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Recitals</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Holdback Amount</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Indemnified Guarantees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.8(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Indemnified Party</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Indemnifying Party</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Independent Accounting Firm</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.6(c)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Initial Post-Closing Adjustment Statement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.5(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" color=black face="Times New Roman">Lease</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.12(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" color=black face="Times New Roman">Leased Real Property</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.12(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" color=black face="Times New Roman">Leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.12(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Leave Employee</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Material Contracts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.15(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">MH Education</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">MHE DC Plan</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">MHE Supplemental 401K Plan</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">New Plans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.12</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.11</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(d)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Non-U.S. Business Employee Plan</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Notice of Disagreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.10(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.6(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Noticed Business Employee</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Old Plans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.13</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(d)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Operating Cash</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Outside Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.7</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">9.1(b)(i)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Owing Party</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">9.4(c)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Owned Real Property</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.12(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent DC Plan</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent&#8217;s Allocation Notice</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent Indemnitees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.12</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.8</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.8(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent Options</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.9</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.10</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent Restricted Share</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent RSU Awards</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent Savings Plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.9</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.9</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.6</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parent Supplemental 401K Plan</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.11</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Party</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">PBGC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.10(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Plan of Reorganization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Recitals</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Post-Closing Adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.7</FONT></P></TD></TR></TABLE></DIV>

<P></P><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">16</FONT></P></FONT>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Pre-Adjustment Amount</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Privacy</FONT><FONT style="FONT-SIZE: 12pt" lang=X-NONE face="Times New Roman"> Policie</FONT><FONT style="FONT-SIZE: 12pt" face="Times New Roman">s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.16(d)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchase Price</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchase Price Allocation</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchaser</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.8</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchaser&#8217;s Allocation</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchaser Disclosure Schedule</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.8</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">IV</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchaser Indemnified Parties</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Purchaser Tax Indemnified Parties</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Representatives</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Required Amount</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Resolution Period</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.2(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">7.2</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.14(d)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.4(d)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.6(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Restricted Party</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.12(c)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Reverse Termination Fee</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">9.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Review Period</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.5(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Sale</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.1</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Section&nbsp;338(h)(10) Elections</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">7.1(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Section&nbsp;338(h)(10) Forms</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">7.1(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Seller</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Seller Disclosure Schedule</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">III</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Seller Indemnitees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">5.13(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Seller Note</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.2</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Seller Tax Indemnified Parties</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Sellers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">7.3</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Preamble</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Sellers Indemnified Parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.3(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Shares</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Recitals</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Solvent</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">4.5</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Specified Deferred Business</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Specified Termination</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.9(b)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">9.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Straddle Period Return</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Subsequent Loss</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Tax Sharing Agreement</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Third Party Claim</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">7.5(b)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">7.6(d)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.13(j)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">10.4(a)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Transaction Accounting Principles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">2.4(b)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Transferred Companies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Recitals</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Transferred Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Recitals</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Transferred Employee</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Transferred Leave</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.1(a)</FONT></P>

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.4</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">Transferred Savings Plan Participants</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">6.6</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="67%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">WARN</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="MARGIN: 0in 0.5in 0in 0in"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">3.11(d)</FONT></P></TD></TR></TABLE></DIV>

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<P></P><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">17</FONT></P></FONT>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;II</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>THE SALE AND PURCHASE</FONT></H1>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>2.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Sale and Purchase of Shares</U>.&nbsp; Upon the terms and subject to the conditions set forth in this Agreement, at the closing of the transactions contemplated by this Agreement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Closing</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), each Seller shall sell, transfer, convey, assign and deliver to Purchaser and/or its designees, and Purchaser and/or its designees shall purchase and acquire from each Seller, all of such Seller&#8217;s right, title and interest in and to the Shares (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sale</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;).&nbsp; The transfer of the Foreign Transferred Companies will be effected pursuant to the Foreign Transfer and Acquisition Agreements, as further described in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.9(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

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<P style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>2.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Purchase Price</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Subject to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, in consideration for the Shares, at the Closing, Purchaser&nbsp; (i) shall pay or shall cause to be paid to Parent, on behalf of and in its capacity as agent for Sellers, an aggregate of $2,250,000,000 in cash (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Pre-Adjustment Amount</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), to be increased or decreased as a result of the Closing Adjustment and/or Post-Closing Adjustment, if any, pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.4&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> through </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.7&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Cash Consideration</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) and (ii) shall cause to be issued a note with an aggregate principal amount of $250,000,000 on the terms set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Exhibit F</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Seller Note</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221; and, together with the Cash Consideration, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchase Price</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; Parent shall, in its capacity as agent for Sellers, allocate the Cash Consideration and Seller Note among the Sellers.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Cash Consideration Holdback</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; At the Closing, only in the event that a Deferred Closing is required, a portion of the Cash Consideration shall be withheld from the Purchase Price (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Holdback Amount</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), in respect of the Deferred Businesses, and shall be deposited into an escrow account (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Escrow Account</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) in the amounts attributed to such Deferred Businesses as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Schedule IV</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">. The Escrow Account shall be held and disbursed by an escrow agent to be mutually agreed by the Parties in good faith promptly after the date hereof (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Escrow Agent</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) in accordance with the terms of this Agreement (including </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 2.9(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">)&nbsp;</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">and the Escrow Agreement.&nbsp; Parent shall be treated as the owner of the funds deposited in the Escrow Account for all Tax purposes.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>2.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Closing</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Closing shall take place at the offices of Wachtell, Lipton, Rosen &amp; Katz, 51 West 52nd Street, New&nbsp;York, New&nbsp;York 10019, at 10:00 a.m., New&nbsp;York time, on the third (3<SUP>rd</SUP>) Business Day after all of the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VIII&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (other than those conditions that by their nature can only be satisfied or waived at the Closing, but subject to the satisfaction or waiver of those conditions) are satisfied or waived, but subject to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.14(h)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, or at such other place, time or date as may be mutually agreed upon in writing by each Seller and Purchaser (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Closing Date</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that in respect of each of the Foreign Transferred Companies, the Closing shall take place at such other place in the relevant jurisdiction as may be mutually agreed upon in writing by each Seller and Purchaser.</FONT></H3>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">At the Closing:</FONT></H3>

<H4 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers shall:</FONT></H4>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in respect of each Transferred Company that is not a Foreign Transferred Company and is not a Deferred Business, deliver to Purchaser certificates evidencing the Shares to the extent that such Shares are in certificate form, duly endorsed in blank or with stock powers duly executed in proper form for transfer, and with any required stock transfer stamps affixed thereto, or confirmations of book-entry transfer with respect to the Shares;</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(B)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">deliver a certificate, executed by Parent, setting forth the name of each holder of Shares and the number of Shares held by such Person;</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(C)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in respect of each Foreign Transferred Company, execute and deliver to Purchaser the relevant Foreign Transfer and Acquisition Agreement to which such Seller is a party and, except in respect of any Deferred Business, any other documents required (1)&nbsp;by local Law under such Foreign Transfer and Acquisition Agreement or (2)&nbsp;to transfer the Shares of such Foreign Transferred Company;</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(D)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">deliver to Purchaser the certificate required to be delivered pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.2(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; and</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(E)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">execute and deliver to Purchaser each of the Ancillary Agreements to which such Seller is a party.</FONT></H5>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser shall:</FONT></H4>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">pay to Parent (or to an Affiliate designated by Parent) on behalf of and in its capacity as agent for each Seller, by wire transfer, to an account or accounts designated by Parent (or by such Affiliate) prior to the Closing, in immediately available funds, an aggregate amount equal (1) to the Pre-Adjustment Amount, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">plus</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (2) the Closing Adjustment (if the Closing Adjustment is a positive amount) </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">less</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (3) the absolute value of the Closing Adjustment (if the Closing Adjustment is a negative amount) </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">less</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (4)&nbsp;the Holdback Amount;</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(B)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">deliver to Parent the certificate required to be delivered pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.3(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">;&nbsp;</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(C)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">execute and deliver to Parent and Sellers each of the Ancillary Agreements;</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(D)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in respect of each Foreign Transferred Company, execute and deliver to Parent and Sellers the relevant Foreign Transfer and Acquisition Agreement and, except in respect of any Deferred Business, any other documents required by local Law under such Foreign Transfer and Acquisition Agreement; and</FONT></H5>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(E)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">pay to the Escrow Agent the Holdback Amount in </FONT></H5>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>2.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Closing Adjustment</U>.</FONT></H2>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Not less than five (5) Business Days prior to the anticipated Closing Date, Parent shall provide Purchaser with a statement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Closing Notice</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) of (x)&nbsp;the estimated Adjustment Amount (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Closing Adjustment</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), (y)&nbsp;Parent&#8217;s calculation of the Closing Adjustment in reasonable detail and the Cash Consideration (together with supporting documentation for such estimates and any additional information reasonably requested by Purchaser) after giving effect to the Closing Adjustment and (z)&nbsp;the account or accounts to which Purchaser shall transfer funds pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that if Purchaser provides Parent with less than seven (7) Business Days&#8217; notice of Closing, Parent will provide the Closing Notice within a reasonable period thereafter.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Closing Notice shall be prepared in accordance with the accounting methods, principles and policies described in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Schedule&nbsp;III</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> hereto and, to the extent not specified therein, GAAP &nbsp;(the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Transaction Accounting Principles</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), and on a basis consistent with their application in connection with the preparation of the Financial Statements.</FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>2.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Post-Closing Statements</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Within ninety (90) days after the Closing Date, Purchaser shall prepare and deliver to Parent a statement of the Adjustment Amount (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Initial Post-Closing Adjustment Statement</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), setting forth Purchaser&#8217;s calculation of the Adjustment Amount in reasonable detail.&nbsp; The Initial Post-Closing Adjustment Statement shall be prepared in accordance with the Transaction Accounting Principles applied consistently with their application in connection with the preparation of the Financial Statements and the Estimated Closing Working Capital.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">During the forty (40)-day period immediately following Parent&#8217;s receipt of the Initial Post-Closing Adjustment Statement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Review Period</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), Parent, Sellers and their representatives will be permitted to review Purchaser&#8217;s books, records and work papers to the extent relating to the Initial Post-Closing Adjustment Statement.&nbsp; Purchaser will, and will use its reasonable best efforts to cause its accountants to, cooperate with and assist Parent and Sellers in the conduct of such review, including by providing reasonable access to such books, records and work papers and making available personnel to the extent reasonably required in connection with such review.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser agrees that, following the Closing through the date that the Final Post-Closing Adjustment Statement becomes final and binding, it will not take or permit to be taken any actions with respect to any accounting books, records, policies or procedures on which the Financial Statements or the Initial Post-Closing Adjustment Statement is based, or on which the Final Post-Closing Adjustment Statement are to be based, that are inconsistent with the Transaction Accounting Principles or that would or would reasonably be expected to materially impede or delay the determination of the Adjustment Amount or the preparation of any Notice of Disagreement or the Final Post-Closing Adjustment Statement in the manner and utilizing the methods provided by this Agreement.</FONT></H3>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>2.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Reconciliation of Post-Closing Statements</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall notify Purchaser in writing prior to the expiration of the Review Period if Parent believes the Initial Post-Closing Adjustment Statement contains mathematical errors or was not prepared in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.5(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, which notice shall describe with reasonable specificity the basis for such belief (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notice of Disagreement</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; If no Notice of Disagreement is received by Purchaser prior to the expiration of the Review Period, then the Initial Post-Closing Adjustment Statement shall be deemed to have been accepted by Parent and shall become final and binding upon the Parties in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.6(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">During the thirty (30) days immediately following the delivery of a Notice of Disagreement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Resolution Period</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), Parent and Purchaser shall seek in good faith to resolve any differences that they may have with respect to the matters specified in the Notice of Disagreement.&nbsp; All such discussions related thereto shall be governed by Rule 408 of the Federal Rules of Evidence and any similar state rule shall not apply.&nbsp; Accordingly, evidence of such discussions shall not be admissible or used by any Party in any future proceedings between the Parties, including any proceedings before or with the Independent Accounting Firm, except as otherwise provided in Rule 408.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If, at the end of the Resolution Period, Parent and Purchaser have been unable to resolve any differences that they may have with respect to the matters specified in the Notice of Disagreement, Parent and Purchaser shall submit all matters that remain in dispute with respect to the Notice of Disagreement (along with a copy of the Initial Post-Closing Adjustment Statement marked to indicate those line items that are not in dispute) to Deloitte &amp; Touche LLP or another independent certified public accounting firm in the United States of good national reputation mutually acceptable to Parent and Purchaser (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Independent Accounting Firm</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; Within thirty (30) days after the Independent Accounting Firm&#8217;s selection, the Independent Accounting Firm shall make a final written determination, binding on the Parties to this Agreement, and upon which a judgment may be rendered by a court having proper jurisdiction thereover, of the appropriate amount of each of the line items in the Initial Post-Closing Adjustment Statement which remain in dispute as indicated in the Notice of Disagreement which Parent and Purchaser have submitted to the Independent Accounting Firm.&nbsp; The Independent Accounting Firm shall calculate, based solely on the written submissions of Purchaser, on the one hand, and Parent, on the other hand, and not by independent investigation (and acting as an expert in accounting), the Adjustment Amount and shall be instructed that its calculation (i)&nbsp;must be made in accordance with the standards and definitions in this Agreement (including the Transaction Accounting Principles), and (ii)&nbsp;with respect to each item in dispute, such determination shall not be in excess of the higher, nor less than the lower, of the amounts advocated by Parent in the Notice of Disagreement or by Purchaser in the Initial Post-Closing Adjustment Statement with respect to such disputed line item.&nbsp; The statement of the Adjustment Amount that is final and binding on the Parties, as determined either through agreement of the Parties pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.6(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">2.6(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or through the action of the Independent Accounting Firm pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.6(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, is referred to as the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Final Post-Closing Adjustment Statement</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;, and the Adjustment Amount set forth therein as the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Final Adjustment Amount</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&#8221;&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">All fees and expenses relating to the work, if any, to be performed by the Independent Accounting Firm shall be borne by Parent on the one hand, and Purchaser on the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">other hand, in proportion to the differences between the Working Capital amount as determined by the Independent Accounting Firm and the Working Capital amount set forth in the Notice of Disagreement and the Initial Post-Closing Adjustment Statement, respectively.&nbsp; During the review by the Independent Accounting Firm, Purchaser, Parent and Sellers and their respective accountants will each make available to the Independent Accounting Firm interviews with such personnel, and such information, books and records and work papers, as may be reasonably required by the Independent Accounting Firm to fulfill its obligations under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.6(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the accountants of Parent or Purchaser shall not be obliged to make any work papers available to the Independent Accounting Firm except in accordance with such accountants&#8217; normal disclosure procedures and then only after such firm has signed a customary agreement relating to such access to work papers in form and substance reasonably acceptable to such accountants.&nbsp; In acting under this Agreement, the Independent Accounting Firm will be entitled to the privileges and immunities of an arbitrator.</FONT></P></DIV><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"></P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Post-Closing Adjustment</U>.&nbsp;The &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Post-Closing Adjustment</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall be equal to (i)&nbsp;the Final Adjustment Amount less (ii)&nbsp;the Closing Adjustment.&nbsp; If the Post-Closing Adjustment is a positive amount, then Purchaser shall pay in cash to Parent (or one or more Affiliates designated by Parent), on behalf of and in its capacity as agent for Sellers, the amount of the Post-Closing Adjustment.&nbsp; If the Post-Closing Adjustment is a negative amount, then Parent (or an Affiliate designated by Parent), on behalf of and in its capacity as agent for Sellers, shall pay in cash to Purchaser the amount of the Post-Closing Adjustment.&nbsp; Any such payment shall be made within five (5) Business Days after the Final Post-Closing Adjustment Statement is delivered, together with interest thereon at the Interest Rate from the Closing Date until the date of payment.&nbsp; Subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.9(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, the Cash Consideration shall equal the Pre-Adjustment Amount, (x)&nbsp;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><U>plus</U> </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">the Final Adjustment Amount, if the Final Adjustment Amount is positive, or (y)&nbsp;less the absolute value of the Final Adjustment Amount, if the Final Adjustment Amount is negative.</FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>2.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Purchase Price Allocation</U>.&nbsp; Sellers and Purchaser agree to (and agree to cause their respective Affiliates to) allocate the Purchase Price and any assumed liabilities treated as amount realized, for Tax purposes, among the assets and shares deemed sold for U.S. federal income Tax purposes in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule IV</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> attached hereto (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchase Price Allocation</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;).&nbsp; Within one hundred twenty (120) days after the Closing Date, Purchaser shall deliver to Parent a proposed allocation of the Purchase Price (and other relevant amounts) as of the Closing Date, which allocation shall incorporate, reflect and be consistent with the Purchase Price Allocation and be determined in a manner consistent with Sections 338 and 1060 of the Code and the Treasury Regulations promulgated thereunder (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser&#8217;s Allocation</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;).&nbsp; If Parent disagrees with Purchaser&#8217;s Allocation, Parent may, within sixty (60) days after delivery of Purchaser&#8217;s Allocation, deliver a notice (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent&#8217;s Allocation Notice</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) to Purchaser to such effect, specifying those items as to which Parent disagrees and setting forth Parent&#8217;s proposed allocation of the Purchase Price (and other relevant amounts).&nbsp; If the Parent&#8217;s Allocation Notice is duly delivered, Parent and Purchaser shall, during the twenty (20) days following such delivery, use commercially reasonable efforts to reach agreement on the disputed items or amounts in order to determine the allocation of the Purchase Price (and other relevant amounts), which allocation shall incorporate, reflect and be consistent with the Purchase Price Allocation. If Parent and Purchaser are unable to reach such agreement, they shall promptly thereafter cause the Independent Accounting Firm to resolve any remaining disputes.&nbsp; Any allocation of the </FONT></P>

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<FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchase Price (and other relevant amounts) determined pursuant to the decision of the Independent Accounting Firm shall incorporate, reflect and be consistent with the Purchase Price Allocation.&nbsp; All fees and expenses relating to the work, if any, to be performed by the Independent Accounting Firm shall be borne equally by Sellers, on the one hand, and Purchaser, on the other hand.&nbsp; The allocation of the Purchase Price (and other relevant amounts), as prepared by Purchaser if no Parent&#8217;s Allocation Notice has been given, as adjusted pursuant to any agreement between Parent and Purchaser or as determined by the Independent Accounting Firm (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Allocation</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) shall be conclusive and binding on all Parties.&nbsp; The Allocation shall be adjusted, as necessary, to reflect any subsequent adjustments to the Purchase Price pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 2.9 </FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">or </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;7.10</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp; Any such adjustment shall be allocated to the asset, assets, share or shares (if any) to which such adjustment is attributable; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that to the extent there are no such assets or shares, such adjustment shall be allocated </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">pro rata</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> among the assets and shares deemed sold for U.S. federal income Tax purposes.&nbsp; Sellers and Purchaser agree (and agree to cause their respective Affiliates) to prepare and file all relevant federal, state, local and foreign Tax Returns (including, but not limited to, IRS Forms 8883 and 8594) in accordance with the Allocation.&nbsp; None of Sellers, Purchaser or any of their respective Affiliates shall take any position inconsistent with the Allocation on any Tax Return or in any Tax Proceeding, in each case, except to the extent otherwise required pursuant to a &#8220;determination&#8221; within the meaning of Section&nbsp;1313(a) of the Code (or any similar provision of applicable state, local or foreign Law).</FONT></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>2.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Foreign Transfer and Acquisition Agreements; Deferred Closings; Delayed Transfers</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Foreign Transfer and Acquisition Agreements</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; The transfer of each Foreign Transferred Company will be effected pursuant to an individual short-form acquisition agreement (each a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Foreign Transfer and Acquisition Agreement</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) on a country-by-country basis in substantially the same form as the applicable Foreign Transfer and Acquisition Agreement attached as </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Exhibit&nbsp;G</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in each case that the Foreign Transfer and Acquisition Agreements shall serve purely to effect the legal transfer of the applicable Foreign Transferred Company and shall not have any significant effect on the value being received by Purchaser or given by Sellers, including the allocation of assets and Liabilities as between them, all of which shall be determined in accordance with this Agreement.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Deferred Closings</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If, as of the Closing, in any country other than a Primary Jurisdiction (any such country, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Deferred Closing Jurisdiction</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), (A)&nbsp;there is an applicable Law then in effect in the Deferred Closing Jurisdiction or a Governmental Entity in the Deferred Closing Jurisdiction shall have issued or entered an Order that is then in effect, either or both of which has the effect of restraining, enjoining, or making illegal the transactions contemplated by this Agreement or otherwise prohibiting the consummation of the Sale or the transactions contemplated hereby with respect to such jurisdiction or to occur outside of such jurisdiction, (B)&nbsp;any filing with, notice to, or permit, authorization, registration, consent or approval of a Governmental Entity in the Deferred Closing Jurisdiction that is required to consummate the purchase by Purchaser of the Shares of a Transferred Company (or the indirect purchase of a Subsidiary thereof) incorporated or </FONT></H4>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">organized in the Deferred Closing Jurisdiction (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Deferred Closing Governmental Approvals</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) shall not have been obtained or (C)&nbsp;any consent listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.9(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule shall not have been obtained with respect to the Transferred Company specified therein (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Specified Deferred Business</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), then the closing of the transactions contemplated hereby (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Deferred Closing</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) with respect to such Transferred Company (or Transferred Companies) (each, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Deferred Business</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) shall be deferred until the third (3rd) Business Day (a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Deferred Closing Date</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) following the satisfaction or waiver (other than those conditions that by their nature can only be satisfied or waived at the Closing, but subject to the satisfaction or waiver of those conditions) of the conditions described in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;8.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> with respect to such Deferred Business.<BR></FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Until the Deferred Closing Outside Date, Parent, Sellers and Purchaser shall, consistent with any contractual obligation or any applicable legal or fiduciary obligation under applicable Law, use reasonable best efforts to cooperate in a mutually agreeable arrangement under which Purchaser (or one or more of its Affiliates) would, in compliance with applicable Law, obtain the benefits and assume the obligations and bear the economic burdens associated with operating a Deferred Business for the period between the Closing and the Deferred Closing with respect to such Deferred Business.</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> Notwithstanding the foregoing, during the period beginning on the Closing Date and ending on the earlier of the Deferred Closing Date and the Deferred Closing Outside Date, except as Purchaser may consent in writing, Parent shall conduct the operations of the Deferred Business in the ordinary course consistent with past practice (</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> that (x) Purchaser shall promptly reimburse Parent for any amounts invested by any member of the Parent Group in such Deferred Business in the ordinary course consistent with past practice (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Deferred Business Investments</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">&#8221;), (y) Parent shall have no obligation to and shall not make any Deferred Business Investments that, individually, or in the aggregate, exceed $1,000,000 without the prior consent of Purchaser and (z) Parent shall provide Purchaser with reasonable advance notice of Parent&#8217;s intent to make a Deferred Business Investment), and Parent shall not, and shall not permit the Deferred Business to:&nbsp; (A) except in the ordinary course of business, incur or assume any liabilities, obligations or indebtedness for borrowed money; (B) make or pay any dividend or distribution, whether of cash or other assets on a non </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">pro rata</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> basis (such dividends or distributions to be paid to Purchaser upon the applicable Deferred Closing Date); or (C) sell, lease, license or otherwise dispose of any asset of the Deferred Business to any Person except for sales of inventory or product in the ordinary course of business. </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">At each Deferred Closing, if any, Purchaser and Parent shall execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release from the Escrow Account to Parent (or to a designee of Parent), on behalf of and in its capacity as agent for each Seller, by wire transfer to an account or accounts designated by Parent (or by such designee), an amount equal to the Deferred Purchase Price in respect of such Deferred Business (as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Schedule&nbsp;IV</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> hereto, as such Schedule IV may be updated by mutual agreement of the Parties hereto prior to the Closing Date).&nbsp; As promptly as practicable following the first anniversary of the date of this Agreement (as may be extended pursuant to the following proviso, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Deferred Closing Outside Date</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), Purchaser and Parent shall execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release any remaining Holdback Amount then held in the Escrow Account (or right or claim thereto) to Purchaser, and the Cash Consideration and the </FONT></H4>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchase Price shall be adjusted downward to reflect any such relinquishment to Purchaser; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that as long as Sellers are using their reasonable efforts to secure all requisite approvals, such Deferred Closing Outside Date shall be extended to the earlier of (A) the third (3<SUP>rd</SUP>) Business Day after the date on which all approvals from a Governmental Entity required to complete the applicable Deferred Closings are received and (B) the third (3<SUP>rd</SUP>) anniversary of the date of this Agreement.</FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">At each Deferred Closing, if any, (A)&nbsp;Purchaser shall deliver to the relevant Seller any of the documents or other deliverables required to be delivered pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.3(b)(ii)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;to the extent related to the Deferred Business and not previously delivered to the relevant Seller at the Closing, and (B)&nbsp;the relevant Seller shall deliver to Purchaser any of the documents or other deliverables required to be delivered pursuant to </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>Section&nbsp;2.3(b)(i)</U>&nbsp;</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">to the extent related to the Deferred Business and not previously delivered to Purchaser at the Closing.</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(v)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">In respect of each Deferred Business, Sellers and Purchaser shall continue to comply through the applicable Deferred Closing Date (or Deferred Closing Outside Date) with all covenants and agreements contained in this Agreement that are required by their terms to be performed prior to the Closing, including the covenants of Sellers contained in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and the covenants of the Parties contained in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If any equity interests of the Specified Deferred Business not currently owned, directly or indirectly, by Parent, are acquired by Parent following the date hereof and prior to the Closing Date or Deferred Closing Date, as applicable, including as a result of the exercise of the rights identified on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 2.9(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, (A) the equity interests so acquired shall be transferred to Purchaser at the Closing Date or Deferred Closing Date, as applicable, (B) Parent shall pay or cause to be paid the purchase price therefor, up to the amount specified in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 2.9(b)(vi)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, and (C) each of Parent and Purchaser shall pay or cause to be paid 50% of the excess of the purchase price therefor over </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 2.9(b)(vi)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule.&nbsp; Parent and Purchaser shall jointly control any negotiations with respect to such acquisition, and neither Parent nor Purchaser shall agree to any acquisition without the other&#8217;s consent (not to be unreasonably withheld, conditioned or delayed).</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Delayed Reversions</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If, as of the Closing, any approval (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Delayed Reversion Approvals</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) required to transfer the shares of the entity listed on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.9(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule&nbsp;(&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Delayed Reversion Entity</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) held by any member of the Education Group to any member of the Parent Group has not been obtained, then on the third (3<SUP>rd</SUP>) Business Day after all the Delayed Reversion Approvals have been obtained (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Delayed Reversion Date</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) Purchaser shall, and shall cause the members of the Education Group to, sell, assign, transfer and convey to the applicable Seller or another entity designated by such Seller, and the applicable Seller shall purchase, acquire and accept from Purchaser and Transferred Companies, all of the right, title and interest of Purchaser and the Transferred Companies in the Delayed Reversion Entity.</FONT></H4>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If the Delayed Reversion Approvals have not been obtained prior to the Closing Date, then during the period beginning on the Closing Date and ending on the Delayed Reversion Date, Purchaser shall provide Seller with its reasonable cooperation in obtaining the Delayed Reversion Approvals.</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If the Delayed Reversion Approvals have not been obtained prior to the Closing Date, then during the period beginning on the Closing Date and ending on the Delayed Reversion Date, except as Sellers may consent in writing, Purchaser shall conduct the operations of the Delayed Reversion Entity in the ordinary course consistent with past practice (except that Purchaser shall not be required to invest any additional funds into a Delayed Reversion Entity), and Purchaser shall not, and shall not permit the Delayed Reversion Entity to:&nbsp; (A)&nbsp;except in the ordinary course of business, incur or assume any liabilities, obligations or indebtedness for borrowed money; (B)&nbsp;make or pay any dividend or distribution, whether of cash or other assets; or (C)&nbsp;sell, lease, license or otherwise dispose of any asset of the Delayed Reversion Entity to any Person except for sales of inventory or product in the ordinary course of business.</FONT></H4>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Witholding</U>.&nbsp;Purchaser shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement such amounts as Purchaser is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign Tax law. &nbsp;Subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 7.13</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, to the extent that such amounts are so withheld and paid over to the proper Governmental Entity by Purchaser, such withheld and deducted amounts will be treated for all purposes of this Agreement as having been paid to the holders of Shares in respect of which such deduction and withholding was made by Purchaser.&nbsp; Purchaser shall deliver to Parent a receipt evidencing the payment of any such withheld and deducted amounts to the appropriate Governmental Entity.</FONT></P>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;III</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>REPRESENTATIONS AND WARRANTIES OF PARENT</FONT></H1>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Except as set forth in the disclosure schedule delivered to Purchaser prior to the execution of this Agreement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Seller Disclosure Schedule</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) (</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that disclosure in any section of the Seller Disclosure Schedule shall apply to any other section to the extent that the relevance of such disclosure to such other section is reasonably apparent on its face), Parent represents and warrants to Purchaser as follows:</FONT><FONT style="DISPLAY: none" color=black><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal; TEXT-DECORATION: none" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization and Qualification Subsidiaries</U>.&nbsp;Each Seller and each member of the Education Group is a corporation, limited liability company or other legal entity duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization and each member of the Education Group has all requisite corporate or other organizational power and authority to own, lease and operate its properties and assets, and carry on its businesses as now being conducted and is duly licensed or qualified to do business and is in good standing as a foreign corporation in each jurisdiction where the conduct of its business requires such qualification, except where the failure to be so licensed or qualified or in good standing or to have such power or authority has not had or would not reasonably be expected to be, individually or in the aggregate, material to the Education Group, including the Transferred </FONT></P>

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<a name="_bclHeader31"></a><P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Companies and their Subsidiaries, taken as a whole.</FONT></P>

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<a name="_bclHeader31"></a><P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></P><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Capitalization of the Members of the Education Group</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">. Section 3.2 of the Seller Disclosure Schedule sets forth a true and complete list of the Shares as of the date hereof. The Shares have been duly authorized, validly issued, fully paid and are non-assessable (to the extent such concepts are applicable), are properly reflected in the respective Company&#8217;s books and records, are free and clear of all Liens, except for Permitted Liens, and were not issued in violation of any preemptive rights. Except for the Shares or any interest held by a member of the Education Group, there are no shares of common stock, preferred stock or other equity interests of any member of the Education Group reserved, issued or outstanding, and there are no preemptive or other outstanding rights, right of first offer, right of first refusal, subscriptions, options, warrants, stock appreciation rights, phantom stock, profit participation rights, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities or other agreements, arrangements or commitments of any character relating to the issued or unissued share capital or other ownership interest in any member of the Education Group or any other securities or obligations convertible or exchangeable into or exercisable for, or giving any Person a right to subscribe for or acquire, any securities of any member of the Education Group, and no securities evidencing such rights are authorized, issued or outstanding. No member of the Education Group has any outstanding bonds, debentures, notes or other obligations which provide the holders thereof the right to vote (or are convertible or exchangeable into or exercisable for securities having the right to vote) with the stockholders of such member of the Education Group on any matter.</FONT>

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<a name="_bclHeader31"></a><DIV><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Authority Relative to this Agreement</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">. Sellers have all necessary power and authority, and have taken all action necessary, to execute, deliver and perform this Agreement and the Ancillary Agreements, and to consummate the transactions contemplated by this Agreement and the Ancillary Agreements, in accordance with the terms thereof. This Agreement and each Ancillary Agreement to which Sellers are a party has been duly and validly executed and delivered by Sellers, and, assuming the due authorization, execution and delivery of this Agreement and each respective Ancillary Agreement by Purchaser, constitutes a valid, legal and binding agreement of Sellers, enforceable against Sellers in accordance with its terms, subject to the effect of any applicable Laws relating to bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or preferential transfers, or similar Laws relating to or affecting creditors&#8217; rights generally and subject, as to enforceability, to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding at equity or at Law).</FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></P><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>3.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Consents and Approvals; No Violations</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">. No filing with or notice to, and no license, permit, authorization, registration, consent or approval of, any Governmental Entity is required on the part of Sellers for the execution, delivery and performance by Sellers of this Agreement or the consummation by Sellers of the transactions contemplated by this Agreement, except for (i) compliance with any applicable requirements of the HSR Act and under any non-U.S. Antitrust Laws and the Investment Canada Act; (ii) compliance with any foreign, state or federal licenses or permits relating to the Business listed on <U>Section 3.4</U> of the Seller Disclosure Schedule; or (iii) any such filings, notices, licenses, permits, authorizations, registrations, consents or approvals, the failure to make or obtain have not had or would not reasonably be expected to, individually or in the aggregate, (A) prevent, materially delay or materially impair </FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">the consummation of the transactions contemplated by this Agreement; or (B) be material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; Assuming compliance with the items described in clauses (i)&nbsp;through (iii)&nbsp;of the preceding sentence, neither the execution, delivery and performance of this Agreement and each Ancillary Agreement to which Sellers are a party nor the consummation by Sellers of the transactions contemplated by this Agreement will (1)&nbsp;conflict with or result in any breach, violation or infringement of any provision of the respective articles of incorporation or by-laws (or similar governing documents) of Sellers or any member of the Education Group, (2)&nbsp;result in a breach, violation or infringement of, or constitute (with or without due notice or lapse of time or both) a default (or give rise to the creation of any Lien, except for Permitted Liens, or any right of termination, amendment, cancellation or acceleration) under, any of the terms, conditions or provisions of any Material Contract or Lease or (3)&nbsp;violate or infringe any Law applicable to any member of the Education Group or any of their respective properties or assets, except in the case of (2)&nbsp;or (3)&nbsp;for breaches, violations, infringements, defaults, Liens or other rights that have not had or would not reasonably be expected to, individually or in the aggregate, (I) prevent, materially delay or materially impair the consummation of the transactions contemplated by this Agreement; or (II) be material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; </FONT></P>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Financial Statements; Liabilities</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.5(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule sets forth a true and complete copy of the following financial statements: (i)&nbsp;the audited combined balance sheets of the Business, as of December&nbsp;31, 2011 and 2010, (ii)&nbsp;the audited combined statements of income for each of the years ended December&nbsp;31, 2011, 2010 and 2009; (iii)&nbsp;the audited combined statements of cash flows for each of the years ended December&nbsp;31, 2011, 2010 and 2009, (iv)&nbsp;the unaudited combined balance sheet of the Business as of June&nbsp;30, 2012, and 2011, (v)&nbsp;the unaudited combined statements of income for the six-month periods ended June&nbsp;30, 2012 and 2011 and (vi)&nbsp;the unaudited combined statements of cash flows for the six-month periods ended June&nbsp;30, 2012 and 2011 (the items referred to in clauses&nbsp;(i)&nbsp;through (vi), with any notes thereto, being herein collectively referred to as the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Financial Statements</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; The Financial Statements have been prepared in accordance with GAAP applied on a consistent basis (except as may be noted therein) and present fairly, in all material respects, the combined financial position and the combined results of operations of the Business as of the respective dates thereof or the periods then ended.&nbsp; Except as set forth in the Financial Statements, none of the members of the Education Group maintains any &#8220;off-balance-sheet arrangement&#8221; within the meaning of Item 303 of Regulation S-K of the SEC.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">There are no Liabilities or obligations (including surety bonds, letters of credit or any other form of financial assurance) of the members of the Education Group, in operation of the Business, of any nature, whether or not accrued, contingent or otherwise, that would be required by GAAP to be reflected on a combined and consolidated balance sheet of the members of the Education Group, other than those that (i)&nbsp;are reflected or reserved against on the Financial Statements or otherwise disclosed in the Form 10, as amended prior to the date hereof, (ii)&nbsp;have been incurred in the ordinary course of business since the date of the most recent balance sheet included in the Financial Statements or (iii) individually or in the aggregate, are not or would not reasonably be expected to be, material to the Education Group, including the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Transferred Companies and their Subsidiaries, taken as a whole.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The accounting controls of Parent and the members of the Education Group have been and are sufficient to provide reasonable assurances that (i)&nbsp;all Education Group transactions are executed in accordance with management&#8217;s general or specific authorization, and (ii)&nbsp;all Education Group transactions are recorded as necessary to permit the accurate preparation of Financial Statements in accordance with GAAP and to maintain proper accountability for such items, in each case, except as individually or in the aggregate, are not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.</FONT></H3>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Abscence of Certain Changes or Events</U>.&nbsp;Except as contemplated by this Agreement or in preparation for the separation of the Education Group from Parent, since December&nbsp;31, 2011 through the date of this Agreement, (a) Sellers have conducted the Business and operated their properties in the ordinary course of business consistent with past practice, and (b)&nbsp;the Education Group has not taken any action which, if taken after the date hereof, would require the consent of Purchaser pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.4(b)(iii)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><U>Section 5.4(b)(vi)</U> </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.4(b)(ix)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">. &nbsp;Since December&nbsp;31, 2011 through the date of this Agreement, there has not occurred any event that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.</FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Litigation</U>.&nbsp; Except with respect to Environmental Matters, which are addressed in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, (a)&nbsp;there is no material civil, criminal or administrative Action pending, or to the Knowledge of Parent, threatened, against any member of the Education Group, and (b)&nbsp;no member of the Education Group is subject to any outstanding Order, writ, or injunction that prohibits Parent or the Education Group to consummate fully the transactions contemplated hereby.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Compliance with Laws</U>.&nbsp; Except with respect to Environmental Matters, which are addressed in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, and with respect to Anti-Corruption Laws, which are addressed in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.21</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, Sellers and the members of the Education Group are, and have been for the prior eighteen (18) month period, operating the Business in compliance with all Laws and Orders applicable to the Business, except where the failure to be in compliance has not had or would not reasonably be expected to be, individually or in the aggregate, material to the Education Group, including the Transferred Companies and their subsidiaries, taken as a whole.&nbsp; Neither Sellers nor any member of the Education Group have received any written notice of or been charged with the violation of any Laws applicable to the Business, except where such violation has not had or would not reasonably be expected to be, individually or in the aggregate, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>3.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Permits</U>.&nbsp; Except with respect to Environmental Matters, which are addressed in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, the members of the Education Group have, or will have as of the Closing, all Permits which are required for the operation of the Business as presently conducted, other than those the failure of which to possess would not reasonably be expected to be material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole, individually or in the aggregate, or prevent, materially delay or materially impair the consummation of the transactions contemplated by this Agreement.&nbsp; Neither Sellers nor the</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">members of the Education Group are in default or violation (and no event has occurred which, with notice or the lapse of time or both, would constitute a default or violation) of any term, condition or provision of any Permit to which such Person is a party, except where such default or violation has not had or would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.</FONT></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Employee Benefit Plans</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">For purposes of this Agreement, (i)&nbsp;the term &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Benefit Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; shall mean each compensation and/or benefit plan, program, policy, practice, contract, agreement or other arrangement (whether or not such plan is subject to ERISA), including any employee welfare plan within the meaning of Section&nbsp;3(1) of ERISA, any employee pension benefit plan within the meaning of Section&nbsp;3(2) of ERISA, and any bonus, incentive, deferred compensation, vacation, stock purchase, stock option, stock appreciation rights, stock-based rights, medical, profit sharing, insurance, retirement, supplemental retirement, severance, retention, termination, employment, change-of-control or fringe benefit plan, program or agreement, whether or not in writing and whether or not funded, in each case that is sponsored, maintained or contributed to by Sellers or any of their Affiliates for the benefit of the current or former employees, directors, consultants or independent contractors of the Business or with respect to which Sellers or any of their Affiliates have any actual or contingent Liability with respect to the Business; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that &#8220;Benefit Plan&#8221; shall not include any statutory arrangement under applicable Law, any author agreement or any contributor agreement, (ii)&nbsp;the term &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Business Employee Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; means each Benefit Plan maintained, sponsored or contributed to solely for the benefit of the Business Employees located in the United States, (iii)&nbsp;the term &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; means a Benefit Plan maintained, sponsored or contributed to by Sellers or any of their Affiliates for the benefit of Business Employees and other employees of Sellers and their Subsidiaries, and (iv) the term &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Non-U.S. Business Employee Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221; means each Benefit Plan maintained, sponsored or contributed to solely for the benefit of the Business Employees located outside the United States.&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.10(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule identifies each Business Employee Plan, each Non-U.S. Business Employee Plan and each material Parent Plan.&nbsp; No Parent Plan is sponsored by any member of the Education Group.&nbsp; </FONT></P>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">With respect to each material Benefit Plan, Sellers have made available to Purchaser true, correct and complete copies of the plan document, including all amendments thereto, and the current summary plan description and any modifications thereto.&nbsp; Except as specifically provided in the documents made available to Purchaser pursuant to the immediately preceding sentence and as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.10(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, as of the date of this Agreement, there are no amendments to, or proposals to suspend or terminate, any material Benefit Plan that have been adopted or approved, nor have Sellers or any member of the Education Group undertaken to make any such amendments or such proposals or to adopt or approve any new material Benefit Plan.&nbsp; With respect to each Business Employee Plan and the Parent Savings Plan, Sellers have made available to Purchaser true, correct and complete copies of (in the case of each of clauses (i) through (iv) below) to the extent applicable) (i)&nbsp;the two most recent Form 5500, any attached financial statement and any related actuarial reports, (ii)&nbsp;the most recent IRS determination or opinion letter with respect to such Benefit Plan and related trust intended to be qualified under Section&nbsp;401(a) of the Code and any pending request for such determination letter, (iii)&nbsp;all related trust documents, insurance contracts or other funding </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">vehicles and (iv)&nbsp;all material correspondence to or from IRS, the United States Department of Labor (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">DOL</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), the Pension Benefit Guaranty Corporation (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">PBGC</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) or any other Governmental Entity received in the last three years, including any filings under the IRS&#8217;s Employee Plans Compliance Resolution System Program or any of its predecessors or of the DOL&#8217;s Delinquent Filer Program, if any.&nbsp; With respect to each material Non-U.S. Business Employee Plan, the Sellers have made available to Purchaser true, correct and complete copies of all related trust documents, insurance contracts or other funding vehicles. </FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except as would not result in any Liability to Purchaser or its Affiliates, each Parent Plan (including any related trusts) has been maintained and administered in compliance with its terms and with applicable Law, including ERISA and the Code to the extent applicable thereto.&nbsp; Each Business Employee Plan (including any related trusts) has been maintained and administered in material compliance with its terms and with applicable Law, including ERISA and the Code to the extent applicable thereto.&nbsp; Each of the Business Employee Plans intended to be &#8220;qualified&#8221; within the meaning of Section&nbsp;401(a) of the Code and the Parent Savings Plan have received a favorable determination letter from the IRS or is entitled to rely upon a favorable opinion issued by the IRS, and, to the Knowledge of Parent, there are no existing circumstances or any events that have occurred that could reasonably be expected to adversely affect the qualified status of any such plan.&nbsp; All material contributions and premiums required to have been paid by Sellers, their Affiliates, any member of the Education Group, or any of their respective ERISA Affiliates under the terms of any Business Employee Plan or Non-U.S. Business Employee Plan, or related funding arrangement, or pursuant to any applicable Law have been paid within the time so prescribed or have been properly accrued in accordance with GAAP.&nbsp; No current or former employee, director, consultant or independent contractor of the Business has been improperly excluded from participation in any Business Employee Plan or Non-U.S. Business Employee Plan.&nbsp; </FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No Business Employee Plan provides for medical, disability, life insurance or other welfare benefits with respect to any of the Business Employees beyond their retirement or other termination of service, other than (i)&nbsp;coverage mandated by applicable Law and at the expense of the employee or former employee or (ii)&nbsp;benefits under any &#8220;employee pension benefit plan&#8221; (as such term is defined in Section&nbsp;3(2) of ERISA).&nbsp; No Non-U.S. Business Employee Plan provides for medical, disability, life insurance or other welfare benefits with respect to any of the Business Employees beyond their retirement or other termination of service, other than (i)&nbsp;coverage mandated by applicable Law or (ii)&nbsp;benefits under any defined contribution or defined benefit pension plan.&nbsp; No Business Employee Plan is subject to Title IV of ERISA and no Business Employee Plan is or has within the last six (6) years been subject to Title IV of ERISA or the minimum funding requirements of Section&nbsp;412 of the Code.&nbsp; No Business Employee Plan is a plan that has two or more contributing sponsors, at least two of whom are not under common control, within the meaning of Section&nbsp;4063 of ERISA.&nbsp; None of Sellers, any member of the Education Group or any of their respective ERISA Affiliates contributes to or, within the last six years, has contributed to, had any obligation to contribute to, or withdrawn in a complete or partial withdrawal from any &#8220;multiemployer plan&#8221; (within the meaning of Section 4001(a)(3) of ERISA) that is a pension plan under ERISA.&nbsp; No liability under Title IV of ERISA has been incurred by Sellers, any member of the Education Group or any of their respective ERISA Affiliates that has not been satisfied in full (other than with respect to amounts not yet due) and that would reasonably be expected to subject any member of </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">the Education Group or any Business Employee Plan to any Liability, and no condition exists that presents a material risk to the members of the Education Group of incurring any ERISA Affiliate Liability.&nbsp; There are no pending, threatened or, to the Knowledge of Parent, anticipated claims (other than claims for benefits in accordance with the terms of the Business Employee Plans or Non-U.S. Business Employee Plans, as applicable) by, on behalf of or against any of the Business Employee Plans or Non-U.S. Business Employee Plans, or any trusts related thereto, that could reasonably be expected to result in any Liability of the members of the Education Group.&nbsp; None of Sellers, any Affiliates of Sellers, any Business Employee Plan, or, to the Knowledge of Parent, any trustee, administrator, other third-party fiduciary and/or party-in-interest of a Business Employee Plan, has engaged in any breach of fiduciary responsibility or any &#8220;prohibited transaction&#8221; (as such term is defined in Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code), to which Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code applies and which would reasonably be expected to subject any member of the Education Group or any Business Employee Plan to any material tax or material penalty on prohibited transactions imposed by Section&nbsp;4975 of the Code or by ERISA.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except as specifically provided in this Agreement, the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement will not (either alone or in combination with another event) (i)&nbsp;entitle any Business Employee or consultant of the Business to any severance payment, (ii)&nbsp;result in any material payment from any member of the Education Group becoming due, or increase the amount of any compensation due, to any Business Employee or consultant of the Business, (iii)&nbsp;increase any benefits otherwise payable to a Business Employee or consultant of the Business under any Benefit Plan, (iv)&nbsp;result in the acceleration of the time of payment or vesting of any compensation or benefits from Sellers, any member of the Education Group or any of their Affiliates to any Business Employee or consultant of the Business, (v)&nbsp;result in any forgiveness of indebtedness with respect to any Business Employee or consultant of the Business, (vi)&nbsp;trigger any funding obligation under any Business Employee Plan or Non-U.S. Business Employee Plan or impose any restrictions or limitations on the right of any members of the Education Group to administer, amend or terminate any Business Employee Plan or Non-U.S. Business Employee Plan, or (vii)&nbsp;result in any payment or deemed payment (whether in cash, property, the vesting of property or otherwise) to any Business Employee, former employee of the Business, or consultant of the Business or any of their respective Affiliates who is a &#8220;disqualified individual&#8221; (as such term is defined in Treasury Regulation Section&nbsp;1.280G-1) that could reasonably be construed, individually or in combination with any other such payment, to constitute an &#8220;excess parachute payment&#8221; (as defined in Section&nbsp;280G(b)(1) of the Code); provided, however, that the representation set forth in this sentence shall not apply with respect to any arrangement established by Purchaser or any of its Affiliates.&nbsp; No Business Employee or consultant of the Business is entitled to receive any additional payment (including any tax gross-up or other payment) from any Sellers, any member of the Education Group or any of their Affiliates as a result of the imposition of the excise Taxes required by Section&nbsp;4999 of the Code or any Taxes required by Section&nbsp;409A of the Code. </FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(f)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except for those matters that, individually or in the aggregate, have not had or would not reasonably be expected to be material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole:&nbsp; (i) each Non-U.S. Business Employee Plan (A)&nbsp;complies with applicable local Law, (B)&nbsp;is fully funded and/or book </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">reserved, as appropriate, based upon reasonable actuarial assumptions, to the extent such plan is intended to be funded and/or book-reserved, (C)&nbsp;has been registered to the extent required, and has been maintained in good standing with applicable regulatory authorities and, (D)&nbsp;if intended to qualify for special Tax treatment, meets all requirements for such treatment, and (ii) as of the date hereof, there is no pending or, to the Knowledge of Parent, threatened litigation relating to any Non-U.S. Business Employee Plan.&nbsp; </FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(g)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each Business Employee Plan that is a &#8220;nonqualified deferred compensation plan&#8221; (as such term is defined in Section&nbsp;409A(d)(1) of the Code) is in material compliance with Section&nbsp;409A of the Code and the regulations thereunder.&nbsp; </FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.11</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Employees; Labor Matters</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">. </FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers have, to the extent permitted under applicable Law, made available to Purchaser a true, correct and complete list as of the date hereof of all Business Employees, including such individual&#8217;s employee identification number, job title or function, job location, grade, current salary or wage, all incentive compensation paid to such individual for calendar year 2011 (with respect to a Business Employees located in the United States only), and current status (as to leave or disability status, full-time or part-time, exempt or nonexempt, and temporary or permanent status).</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">As of the date hereof, (i)&nbsp;none of the Business Employees are represented by any union, works council or other entity, (ii)&nbsp;there are no pending or, to the Knowledge of Parent, threatened, strikes or lockouts with respect to any Business Employees, (iii)&nbsp;to the Knowledge of Parent, there is no material union organizing effort pending or threatened involving the Business Employees and (iv)&nbsp;there is no material slowdown, or material work stoppage in effect or, to the Knowledge of Parent, threatened, with respect to the Business Employees.&nbsp; Except for such matters that have not had or would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect:&nbsp; (i)&nbsp;there is no unfair labor practice, labor dispute (other than routine individual grievances) or labor arbitration proceeding pending or, to the Knowledge of Parent, threatened with respect to the Business Employees, and (ii)&nbsp;with respect to the Business Employees, Sellers and their Subsidiaries are in compliance with all applicable Laws respecting (A)&nbsp;employment and employment practices, (B)&nbsp;terms and conditions of employment and wages and hours, (C)&nbsp;workers&#8217; compensation, occupational safety and health, immigration, affirmative action and employee privacy, (D)&nbsp;unfair labor practices and (E) pay equity and the collection and payment of withholding, social security and other Taxes.&nbsp; Sellers and their Affiliates have complied with all legal and/or contractual obligations to notify and/or consult with the unions, works councils and/or other entities representing the Business Employees, of the intention of Sellers and Purchaser to enter into this Agreement and the other transactions contemplated by this Agreement, and have obtained all required approvals and consents from any and all such unions, works councils and other entities, and, to the Knowledge of Parent, there are no legal or contractual claims that may be asserted by any union, works council, other entity representing the Business Employees, or by any employee or employee group, which could prevent, materially delay or materially impair the consummation of the transactions contemplated by this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the representation in this sentence shall not apply with respect to any action or inaction taken (or omitted) by or at the direction of Purchaser.</FONT></H3>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole, with respect to the operation of the Business, none of Sellers, any member of the Education Group or any of their Affiliates has any direct or indirect liability, whether actual or contingent, with respect to any misclassification of any person as an independent contractor rather than as an employee, with respect to any misclassification of any employee as exempt versus non-exempt within the meaning of the Fair Labor Standards Act of 1933, as amended, and the regulations thereunder, or with respect to any employee leased from another employer.</FONT><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">As of the date hereof, to the Knowledge of Parent, no Business Employee listed on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.11(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule has given notice of his or her intent to terminate employment.&nbsp; To the Knowledge of Parent, no Business Employee listed on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.11(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule is in violation in any material respect of any term of any employment agreement, nondisclosure agreement or noncompetition agreement, which violation has or could reasonably be expected have a material effect on the Business.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No member of the Education Group has any unsatisfied Liabilities or is reasonably expected to incur any Liabilities under the Worker Adjustment and Retraining Notification Act of 1998 or any similar applicable state, local or foreign Law (collectively, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">WARN</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) as a result of any action taken by Sellers or any of their Affiliates, including actions taken at the written direction of Parent or as a result of any of the transactions contemplated hereby.&nbsp; </FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.12</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Real Property</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.12(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule sets forth a complete and accurate list as of the date hereof of all of the real property owned or that will be owned as of the Closing Date by the members of the Education Group (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Owned Real Property</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; The members of the Education Group have, or will have as of the Closing Date, valid fee simple or equivalent title to all Owned Real Property, free and clear of all Liens (including any occupancy rights), except Permitted Liens, and except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; Sellers have not received written notice of any, and to the Knowledge of Parent, there is no, material default under any restrictive covenants affecting the Owned Real Property and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a default under any such restrictive covenants, except for any defaults that have not had or would not reasonably be expected to be, individually or in the aggregate, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; Other than the rights of Purchaser pursuant to this Agreement (and as contemplated under the Contribution Agreement) and Permitted Liens, there are no outstanding options, rights of first offer, rights of first refusal or other rights in favor of any Person to purchase the Owned Real Property or any portion thereof or interest therein, except as individually or in the aggregate, are not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Section&nbsp;3.12(b) of the Seller Disclosure Schedule sets forth a complete and </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">accurate list as of the date hereof of all of the real property leased or that will be leased as of the Closing Date by the members of the Education Group (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Leased Real Property</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">&#8221;), pursuant to a lease, sublease, license, occupancy or other agreement (each, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Lease</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">&#8221; and collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Leases</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">&#8221;).&nbsp; The members of the Education Group have, or will have as of the Closing Date, a</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> valid leasehold, subleasehold or other occupancy (as applicable) interest in all Leased Real Property, free and clear of all Liens, except Permitted Liens, except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; All of the Leases are in full force and effect and are enforceable in accordance with their respective terms, subject to the effect of any applicable Laws relating to bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or preferential transfers, or similar Laws relating to or affecting creditors&#8217; rights generally and subject, as to enforceability, to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at Law),&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">except for failures to be in full force and effect or enforceable that individually or in the aggregate, are not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; No member of the Education Group is in breach or default under any Lease and no event has occurred that with notice or lapse of time or both, would constitute such a breach or default by any member of the Education Group, except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole. &nbsp;No member of the Education Group has received any written notice of a breach or default under any Lease, and to the Knowledge of Parent, no other party to any Lease is in breach or default thereunder, except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole.&nbsp; Except as, individually or in the aggregate, are not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole, no member of the Education Group has subleased, sublicensed or given any other Person the right to use or occupy any of the Leased Real Property.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Owned Real Property and the Leased Real Property constitute all of the real property that is material to the operation of the Business. </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Except as, individually or in the aggregate, is not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole, there</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=blue face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">is no pending or threatened appropriation, condemnation or like Action, or sale or other disposition in lieu of condemnation, affecting the Owned Real Property or any part thereof, or to the Knowledge of Parent, the Leased Real Property or any part thereof.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.13</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Taxes</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">All material Tax Returns required to be filed by or with respect to any member of the Education Group have been properly prepared and timely filed (taking into account extensions) and all such Tax Returns are true, correct and complete in all material respects.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">All material Taxes owed by or with respect to any member of the Education Group have been paid by the due date thereof, and each member of the Education </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Group has made adequate provision for any material Taxes that are not yet due and payable, for all taxable periods, or portions thereof, ending on or before the Closing Date.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">There is no pending Action by any taxing authority with respect to any material Taxes of the members of the Education Group, no taxing authority has given written notice of any intention to assert any deficiency or claim for additional material Taxes against a member of the Education Group and no claim in writing has been made by any taxing authority in a jurisdiction where the members of the Education Group do not file Tax Returns that they are or may be subject to taxation by that jurisdiction.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">There are no outstanding agreements extending or waiving the statutory period of limitations applicable to any claim for, or the period for the collection or assessment or reassessment of, material Taxes due from any member of the Education Group for any taxable period and no request for any such waiver or extension is currently pending.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each member of the Education Group has complied in all material respects with all applicable Laws relating to the withholding of Taxes and has complied in all material respects with all applicable information reporting requirements of all applicable Laws.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(f)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Within the past two years no member of the Education Group has been a &#8220;distributing corporation&#8221; or a &#8220;controlled corporation&#8221; in a distribution intended to qualify under Section 355(a) of the Code.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(g)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No member of the Education Group has participated in any &#8220;listed transaction&#8221; within the meaning of Treasury Regulations Section 1.6011-4.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(h)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each of the Transferred Companies set forth on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.13(h)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule is treated as an entity that is disregarded as an entity separate from its owner within the meaning of Treasury Regulation Section 301.7701-3.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">There are no Liens for Taxes upon the assets or properties of any member of the Education Group, except for Permitted Liens.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(j)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No member of the Education Group (x) is a party to any agreement, contract or arrangement relating to the sharing, allocation or indemnification of Taxes other than any such agreement, contract or arrangement entered into in the ordinary course of business and not primarily relating to Taxes (collectively, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Tax Sharing Agreements</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) or (y) has any liability for material Taxes of any Person (other than any member of the affiliated group, within the meaning of Section 1504(a) of the Code, filing consolidated federal income Tax returns of which Parent is the common parent) under Treasury Regulation Section 1.1502-6 or Treasury Regulation Section 1.1502-78 (or any similar provision of state, local or foreign Tax law), as a transferee or successor, or by contract.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(k)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No member of the Education Group will be required to include in a taxable period ending after the Closing Date any material taxable income attributable to income that accrued in a taxable period prior to the Closing Date but was not recognized for Tax purposes in such prior taxable period (or to exclude from taxable income in a taxable period ending after the Closing Date any material deduction the recognition of which was accelerated </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">from such taxable period to a taxable period prior to the Closing Date) as a result of the installment method of accounting, the completed contract method of accounting, the long-term contract method of accounting, the cash method of accounting, Section 481 of the Code or Section 108(i)&nbsp;of the Code (or any comparable provisions of state, local or foreign Tax Law)</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">.&nbsp;</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(l)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;Any adjustment of Taxes of the members of the Education Group made by the IRS, which adjustment is required to be reported to the appropriate state, local, or foreign Governmental Entities, has been so reported.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(m)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No member of the Education Group has executed or entered into a closing agreement pursuant to Section 7121 of the Code or any similar provision of state, local or foreign Tax law, and no member of the Education Group is subject to any private letter ruling of the IRS or comparable ruling of any other Government Entity.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(n)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The acquisition of the Shares of any Transferred Company that is a domestic corporation for U.S. federal income Tax purposes (other than any Section 338(h)(10) Subsidiary) by Purchaser pursuant to this Agreement will not cause any reduction in any Tax attributes of any such Transferred Company (or any Subsidiary thereof) under Treasury Regulation Section 1.1502-36(d).</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(o)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">It is agreed and understood that no representation or warranty is made by Sellers in this Agreement in respect of Tax matters, other than the representations and warranties set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.10</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.14</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Environmental Matters</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except for such matters that would not or would not reasonably be expected to&nbsp; (A) prevent, materially delay or materially impair the consummation of the transactions contemplated by this Agreement; or (B) be material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole:</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">the facilities and operations on the Owned Real Property and the Leased Real Property are in compliance with applicable Environmental Laws;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">the operation of the Business by Sellers and the members of the Education Group, is and in the prior eighteen (18) month period has been, in compliance with all applicable Environmental Laws, which compliance includes obtaining, maintaining, timely applying for renewal of, and complying with any Permits required under all applicable Environmental Laws for the operation of the Business (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Environmental Permits</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), and neither Sellers nor any member of the Education Group have received any written notice of or been charged within the past eighteen (18) months with the violation of any Environmental Law;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">neither Sellers nor the members of the Education Group are subject to any pending, or to the Knowledge of Parent, threatened claim alleging that the Business is in violation of any Environmental Law or any Environmental Permit or that Sellers (with respect to the Business) or the members of the Education Group have any liability under any Environmental Law; and</FONT></H4>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">37</FONT></P></DIV></DIV>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">there is no civil, criminal or administrative Action arising under any Environmental Law pending or, to the Knowledge of Parent, threatened against Sellers (with respect to the Business) or any member of the Education Group or relating to the Business, or any currently or previously owned or leased real property of Sellers (with respect to the Business) or the members of the Education Group, and neither Sellers (with respect to the Business) nor any member of the Education Group is subject to any outstanding Order, writ, or injunction arising under any Environmental Law; and</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(v)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in the prior eighteen (18) months there has been no release of any Hazardous Material at, on, under or from the Owned Real Property or, to the Knowledge of Parent, the Leased Real Property or any other currently or previously owned or leased property of Sellers (with respect to the Business) or the members of the Education Group.</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">It is agreed and understood that no representation or warranty is made by Sellers in this Agreement in respect of Environmental Matters, other than the representations and warranties set forth in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.14</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 3.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">3.15(a)(xv)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers have made available to Purchaser all material environmental assessments, material audits and other material environmental documents relating to the Owned Real Property, the Leased Real Property, the members of the Education Group or the Business that are in possession, custody or control of Sellers.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.15</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Material Contracts</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.15</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule sets forth as of the date of this Agreement a true and complete list of the following Contracts (other than purchase orders and invoices) to which any Seller or any member of the Education Group is a party or is bound with respect to the Business (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Material Contracts</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;):&nbsp;</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Contracts with authors relating to the top: (A) 10 works based on revenue for the last three (3) calendar years for the professional, international and school product categories of the Business; and (B) 50 works based on revenue for the last three (3) calendar years for the higher education product category of the Business;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Contracts with any content provider (other than authors) under which such content provider was paid at least $500,000 by the members of the Education Group during any one of the last three (3) calendar years;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Contracts pursuant to which the Business (A) obtains the right to use any third party Software under which such Software provider was paid at least $500,000 by the members of the Education Group during any one of the last three (3) calendar years; and (B) obtains the right to use the trademark or patent of any third party on or in any work referred to in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.15(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">;&nbsp;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any non-exclusive distribution Contract or non-exclusive agency Contract with a distributor or agent (A)&nbsp;relating to the distribution of either the Education Group&#8217;s or a third party&#8217;s products either within the United States or internationally under which the members of the Education Group received in calendar year 2011 or expects </FONT></H4>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">38</FONT></P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">to receive in calendar year 2012 at least $1,000,000</FONT><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">and (B)&nbsp;by its terms is not terminable upon six (6) months (or less) advance notice;</FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(v)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any exclusive distribution Contract or exclusive agency Contract with a distributor or agent (A)&nbsp;relating to the distribution of either the Education Group&#8217;s or a third party&#8217;s products either within the United States or internationally under which the members of the Education Group received in calendar year 2011 or expects to receive in calendar year 2012 at least $500,000 and (B)&nbsp;by its terms is not terminable upon six (6) months (or less) advance notice;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any translation Contract under which the members of the Education Group were paid at least $500,000 during the last three (3) calendar years;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contract which contains any non-competition provision that currently limits in any material respect the ability of the members of the Education Group to engage in any business or compete with any Person;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(viii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contract that involves non-cancelable commitments to make capital expenditures or which provide for future payments for goods or services by the members of the Education Group to any Person and include an expenditure or purchase commitment reasonably expected to exceed $1,000,000</FONT><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in the next twelve (12) months;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ix)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any joint venture, limited liability company or partnership agreements with any third party involving a sharing of profits or losses with such third party;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(x)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contracts pursuant to which the members of the Education Group are a lessee of any personal property or real property, for which the aggregate annual base rent or lease payments exceed $1,000,000</FONT><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">respectively;&nbsp;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contract relating to Indebtedness (other than Indebtedness of the types specified in clauses (d) and (e) of the definition of Indebtedness) involving an amount of greater than $1,000,000;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contract entered into in the past three (3) years involving any resolution or settlement of any actual or threatened Action with a value of greater than $250,000 and which imposes continuing obligations;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xiii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contract under which any amounts in excess of $250,000 have been advanced or loaned to any Person, other than trade credit and royalty author advances in the ordinary course of business consistent with past practice;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xiv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any non-competition Contract with any current or former director or executive officer; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any Contract that has continuing material indemnification obligations to any Person, other than those entered into in the ordinary course of business consistent with past practice; and</FONT></H4>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">39</FONT></P></DIV></DIV>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xvi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">other than Contracts in the ordinary course of business, Contracts for the sale, assignment, transfer or other disposition of any material assets of the members of the Education Group (in a single transaction or a series of related transactions) and under which the members of the Education Group have any continuing liability.</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each Material Contract is, or will be as of the Closing Date, a legal, valid and binding obligation of a member of the Education Group, as applicable, and, to the Knowledge of Parent, on each counterparty thereto, and is in full force and effect, and neither such member of the Education Group, nor to the Knowledge of Parent, any other party thereto, is in breach of, or in default under, any such Material Contract, and no event has occurred that with notice or lapse of time or both would constitute such a breach or default thereunder by the members of the Education Group, or, to the Knowledge of Parent, any other party thereto.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.16</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Intellectual Property</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">.&nbsp; </FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.16(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule sets forth a list as of the date hereof of all issued patents and pending patent applications, all registrations and pending applications for registration of trademarks and service marks and all registrations of Internet domain names owned or that will be owned as of the Closing Date by the members of the Education Group. Except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole:</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The registrations for the issued patents as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.16(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule are in effect and there is no pending or, to the Knowledge of Parent, threatened Action to invalidate such issued patents.&nbsp; The registrations for the registered trademarks and service marks listed on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.16(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule are in effect and, other than office actions that may be pending before the United States Patent and Trademark Office or its foreign equivalents as to which the Parent does not have Knowledge, there is no pending or, to the Knowledge of Parent, threatened opposition, interference or cancellation or other proceeding before any court or registration authority in any jurisdictions against the registrations or pending applications for the registration of any material trademarks or service marks listed therein.</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Education Group either (A)&nbsp;owns or otherwise has the valid and enforceable right to use or (B)&nbsp;will own or will otherwise have the valid and enforceable right to use, as of the Closing Date, all Intellectual Property used in or necessary for the operation of the Business as conducted immediately prior to the Closing Date, including all Software used by the Transferred Companies and their subsidiaries in connection with the operation of the Business.&nbsp; The Education Group Intellectual Property owned or that will be owned as of the Closing Date by the members of the Education Group is free and clear of all Liens except for Permitted Liens.</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">There is no Action pending, or to the Knowledge of Parent, threatened, that challenges the validity of, or the Education Group&#8217;s title to or right to use, any material Intellectual Property owned or purported to be owned by the Education Group or that otherwise alleges that the operation of the Business infringes the Intellectual Property rights of any Person.&nbsp; </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The use of the Education Group Intellectual Property owned or purported to be owned or that will be owned as of the Closing Date by the members of the Education Group, (excluding Education Group common law trademarks) does not infringe or violate the Intellectual Property of any Person, other than matters that do not or would not reasonably be expected to, individually or in the aggregate, exceed $250,000.&nbsp; To the Knowledge of Parent, the Education Group&#8217;s common law trademarks and the use of the Education Group Intellectual Property that is not owned and will not be owned by the members of the Education Group as of the Closing Date used in or necessary for the operation of the Business as conducted immediately prior to the Closing Date do not infringe or violate the Intellectual Property of any Person, other than matters that do not or would not reasonably be expected to, individually or in the aggregate, exceed $250,000.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.16(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, to the Knowledge of Parent, no third party is currently infringing or violating the Education Group Intellectual Property owned or that will be owned as of the Closing Date by the members of the Education Group.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Education Group maintains privacy policies governing the use of their websites (collectively with all prior versions thereof) (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Privacy&nbsp;</FONT></U><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=X-NONE face="Times New Roman"> Policies</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" lang=X-NONE face="Times New Roman">),&nbsp;</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">and immediately prior to the Closing Date is in material compliance with all applicable Laws relating thereto and with the applicable Privacy Policies.&nbsp; There is no Action pending, or, to the Knowledge of Parent, threatened against the Education Group alleging a violation of any Privacy Policies or any Person&#8217;s privacy rights under any applicable Laws, and, to the Knowledge of the Parent, no valid basis exists for any such Action.&nbsp; Except as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.16(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, the consummation of the transactions contemplated by this Agreement, and any disclosure and/or transfer of information in connection therewith, will not materially breach or otherwise cause a material violation of (i)&nbsp;any Privacy Policies, or (ii)&nbsp;any applicable Laws relating to privacy, data protection or the collection and/or use of customer information or other personal or user data.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">To the Knowledge of Parent, all fully developed Software owned or developed by and proprietary to Parent and/or the Education Group and used in the operation of the Business as conducted immediately prior to the Closing Date (i)&nbsp;performs in material conformance with its documentation (to the extent such documentation exists), (ii)&nbsp;is free from any material defect, and (iii)&nbsp;except as set forth on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.16(e)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedules, does not contain any &#8220;open source&#8221; code, shareware or other Software that, with respect to any Education Group Software product, would (A)&nbsp;require its disclosure or distribution in source code form, (B)&nbsp;require the licensing thereof for the purpose of making derivative works or (C)&nbsp;impose any restriction on the consideration to be charged for the distribution thereof.<BR></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.17</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Intercompany Arrangements</U>.&nbsp;Except for (a) the Ancillary Agreements or (b) any arrangements, understandings or Contracts&nbsp;that are not material in amount and other than any arrangements, understandings or Contracts to provide the services&nbsp;that are to be provided on an interim basis in accordance with the Transition Services Agreement, <U>Section 3.16(a)</U> of the Seller Disclosure Schedule lists all arrangements, understandings and Contracts between or among the members of the Education Group, on the other hand, and any member of the Parent Group (for the avoidance of doubt, other than any Benefit Plan), on the&nbsp;other hand.</FONT><BR></H3><FONT></FONT><FONT></FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.18</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Brokers</U>&nbsp; Except for the Persons set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.18</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule, whose fees, costs and expenses, with respect to the transactions contemplated by this Agreement will be borne by Parent, no broker, finder or investment banker is entitled to any brokerage, finder&#8217;s or other similar fees, cost, expenses, or commissions in connection with the transactions contemplated by this Agreement based upon arrangements or Contracts made by or on behalf of Sellers or any of its Affiliates.</FONT></P><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"></P><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.19</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Sufficiency of Assets</U>.&nbsp; At the Closing, the members of the Education Group will, (a)&nbsp;taking into account all of the Ancillary Agreements (including the rights, benefits, and services made available in the Transition Services Agreement), (b)&nbsp;assuming all consents and Permits set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule have been obtained and (c)&nbsp;subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections&nbsp;2.9(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">5.15</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, own or have the right to use all of the assets, properties or rights or obtain services on the terms and subject to the conditions thereof necessary to conduct the Business in all material respects as conducted as of the date of this Agreement.</FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.20</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Insurance</U>.&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;3.20</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule sets forth a true and complete list of all insurance policies maintained as of the date hereof by Sellers or the members of the Education Group in connection with the Business (including the respective policy periods, carriers, limits and deductibles/retentions) and all occurrence-based insurance in force as of the date hereof for the benefit of Sellers in connection with the Business or the members of the Education Group.&nbsp; All such insurance policies and binders are valid, binding and in full force and effect.&nbsp; All claims under such insurance policies by Sellers or members of the Education Group have been made timely, and there is no Action pending under any of such policies or binders as to which coverage has been questioned, denied or disputed by the underwriters of such policies or binders.</FONT></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>3.21</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Anti-Corruption Laws; Certain Regulatory Matters</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">In connection with the Business, no Seller or member of the Education Group operating the Business, or any Affiliate, director, officer, employee, or vendor of any of the foregoing, nor, to the Knowledge of Parent, any Representative, in the past five (5) years either (i) violated any Anti-Corruption Laws or (ii)&nbsp;offered, paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the giving of anything of value, including but not limited to cash, checks, wire transfers, tangible and intangible gifts, favors, services, and those entertainment and travel expenses that go beyond what is reasonable and customary and of modest value:</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">to any FCPA Government Official, whether directly or through any other Person, for the purpose of: (A)&nbsp;influencing any act or decision of a FCPA Government Official in his or her official capacity; (B)&nbsp;inducing a FCPA Government Official to do or omit to do any act in violation of his or her lawful duties; (C)&nbsp;securing any improper advantage; (D)&nbsp;inducing a FCPA Government Official to influence or affect any act or decision of any FCPA Governmental Authority or (E) assisting any Representative in obtaining or retaining business for or with, or directing business to, any Person;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">to any Person under circumstances in which Sellers or member of the Education Group operating the Business, or any Affiliate, director, officer, employee, </FONT></H4>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">or vendor of any of the foregoing knew or had reason t</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">o know that all or a portion of such money or thing of value would be offered, given or promised, directly or indirectly, to any FCPA Government Official; or</FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">to any Person in a manner which would constitute or have the purpose or effect of public or commercial bribery, or the acceptance of or acquiescence in extortion, kickbacks, or other unlawful or improper means of obtaining business or any improper advantage.</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">In connection with the Business, no Seller, </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">member of the Education Group, or other Affiliate of a Seller nor any director, officer, or employee of any of the foregoing, nor, to the Knowledge of Parent, any Representative, has, either (i) (A)&nbsp;conducted or initiated any review, audit, or internal investigation or (B)&nbsp;made a voluntary, directed, or involuntary disclosure to any Governmental Entity responsible for enforcing Anti-Corruption Laws, in each case with respect to any alleged act or omission arising under or relating to noncompliance with any Anti- Corruption Law or (ii)&nbsp;received any notice, request, or citation from any Person alleging noncompliance with any Anti-Corruption Law.</FONT></H3>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.22</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Accounts Receivable</U>. &nbsp;Except as, individually or in the aggregate, would not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole:&nbsp; (a) all of the outstanding accounts receivable shown on the Financial Statements have been valued in accordance with GAAP and represent, as of the respective dates thereof, valid assets arising from sales actually made or services actually performed, in each case, in the ordinary course of business consistent with past practice; (b) all of the outstanding accounts receivable deemed uncollectible have been reserved against on the Financial Statements in accordance with GAAP; (c) the accounts receivable created since December&nbsp;31, 2011 have been created in the ordinary course of business consistent with past practice; and (d) since December&nbsp;31, 2011, neither Parent nor the members of the Education Group have canceled, or agreed to cancel, in whole or in part, any accounts receivable except in the ordinary course of business consistent with past practice.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.23</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Inventory</U>.&nbsp;&nbsp;Except as, individually or in the aggregate, has not or would not reasonably be expected to be, material to the Education Group, including the Transferred Companies and their Subsidiaries, taken as a whole: (a) all inventory reflected on the Financial Statements consists of a quality and quantity usable in the Business consistent with past practices and has been valued in accordance with GAAP; and (b) all of the inventory deemed obsolete, excessive or below-standard quality have been reserved against, written off or written down to net realizable value on the Financial Statements and valued in accordance with GAAP.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>3.24</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>No Other Representatives or Warranties</U>.&nbsp; Except for the representations and warranties contained in this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;III</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, Purchaser acknowledges that neither Sellers nor any other Person or entity on behalf of Sellers has made, and Purchaser has not relied upon, any representation or warranty, whether express or implied, with respect to Sellers, the members of the Education Group or their respective businesses, affairs, assets, liabilities, financial condition, results of operations, future operating or financial results, estimates, projections, forecasts, plans or prospects (including the reasonableness of the assumptions underlying such estimates, projections, forecasts, plans or prospects) or with respect to the accuracy or completeness of any </FONT></P>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;IV</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>REPRESENTATIONS AND WARRANTIES OF PURCHASER</FONT></H1>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Except as set forth in the disclosure schedule delivered to Sellers prior to the execution of this Agreement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser Disclosure Schedule</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) (</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that disclosure in any section of the Purchaser Disclosure Schedule shall apply to any other section, to the extent that the relevance of such disclosure to such other section is reasonably apparent), Purchaser represents and warrants to Sellers as follows:&nbsp;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp; </FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><U>4.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Organization and Qualification; Subsidiaries</U>.&nbsp; Purchaser is duly organized, validly existing and in good standing under the Laws of Delaware, and has all requisite power and authority to own, lease and operate its properties and assets and to carry on its business as now being conducted and is qualified to do business and is in good standing as a foreign Person in each jurisdiction where the ownership, leasing or operation of its properties or assets or conduct of its business requires such qualification, except where the failure to be so qualified or in good standing or to have such power or authority has not had or would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of Purchaser to enter into this Agreement or consummate the transactions contemplated hereby.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Authority Relative to this Agreement</U>.&nbsp; Purchaser has all necessary power and authority, and has taken all action necessary, to execute, deliver and perform this Agreement and the Ancillary Agreements, and to consummate the transactions contemplated by this Agreement and the Ancillary Agreements, in accordance with the terms thereof. &nbsp;This Agreement and each Ancillary Agreement to which Purchaser is a party has been duly and validly executed and delivered by Purchaser and, assuming the due authorization, execution and delivery of this Agreement and each respective Ancillary Agreement by Sellers, constitutes a valid, legal and binding agreement of Purchaser, enforceable against Purchaser in accordance with its terms, subject to the effect of any applicable Laws relating to bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or preferential transfers, or similar Laws relating to or affecting creditors&#8217; rights generally and subject, as to enforceability, to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding at equity or at Law).</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Consents and Approvals; No Violations</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp; No filing with or notice to, and no permit, authorization, registration, consent or approval of, any Governmental Entity is required on the part of Purchaser for the execution, delivery and performance by Purchaser of this Agreement or the consummation by Purchaser of the transactions contemplated by this Agreement, except compliance with the applicable requirements of the HSR Act and of any non-U.S. Antitrust Laws listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;4.3</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Purchaser Disclosure Schedule and the Investment Canada Act.&nbsp; Assuming compliance with the items described in the preceding sentence, and except as would not impair in any material respect the ability of Sellers or Purchaser, as the case may be, to perform their respective obligations under this Agreement or prevent or materially delay the consummation of the Sale, neither the execution, delivery and performance of this Agreement and each Ancillary Agreement to which Purchaser is a party nor </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">the consummation by Purchaser of the transactions contemplated by this Agreement will (A)&nbsp;conflict with or result in any breach, violation or infringement of any provision of the respective articles of incorporation or by-laws (or similar governing documents) of Purchaser or any of its Subsidiaries, (B)&nbsp;result in a breach, violation or infringement of, or constitute (with or without due notice or lapse of time or both) a default (or give rise to the creation of any Lien, except for Permitted Liens, or any right of termination, amendment, cancellation or acceleration) under, any of the terms, conditions or provisions of any Material Contract to which Purchaser or any of its Subsidiaries is a party or by which any of them or any of its properties or assets may be bound or (C)&nbsp;violate or infringe any Law applicable to Purchaser or any of its Subsidiaries or any of their respective properties or assets.</FONT></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>4.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Financing</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser has received and accepted executed and binding commitment letters dated as of the date hereof (as the same may be amended or replaced pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and including any executed commitment letter or similar agreement for Alternate Financing, in each case, pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, including all exhibits, schedules and annexes thereto, collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Debt Commitment Letters</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) from the Debt Financing Sources, relating to the commitment of the Debt Financing Sources to provide</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">, </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal; TEXT-DECORATION: none" color=black face="Times New Roman">or cause to be provided, and</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal; TEXT-DECORATION: none" color=red face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">subject to the terms and conditions thereof, the amount of the debt financing stated therein (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Debt Financing</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser has received and accepted executed and binding commitment letters dated as of the date hereof (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Equity Commitment Letters</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221; and, together with the Debt Commitment Letters, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Commitment Letters</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) from Apollo Investment Fund VII, L.P. and its affiliated investment funds (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Equity Investors</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), relating to the commitment of the Equity Investors, subject to the terms and conditions thereof, to invest in Purchaser the amount of the cash equity financing stated therein (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Equity Financing</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221; and, together with the Debt Financing, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Financing</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; Purchaser has delivered to Sellers true, complete and correct copies of the executed Commitment Letters.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except as set forth in the Commitment Letters, there are no conditions precedent to the obligations of the Debt Financing Sources and the Equity Investors to provide the Financing on the terms set forth in the Commitment Letters.&nbsp; Other than the Commitment Letters, there are no side letters or other agreements, contracts or arrangements to which Purchaser or any of its Subsidiaries or the Equity Investors are a party (except for customary fee letters, fee credit letters and engagement letters, in each case associated with the Debt Financing and which shall not reduce the full amount of the Debt Financing relating to the funding or investing, as applicable, of the full amount of the Financing.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Assuming the Financing is funded in accordance with the Commitment Letters, the net cash proceeds contemplated by the Commitment Letters will be sufficient for Purchaser to pay the Cash Consideration and fees and expenses required to be paid by Purchaser (including fees payable to the Debt Financing Sources) in connection with the transactions contemplated by this Agreement and by the Financing (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Required Amount</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">As of the date of this Agreement, Purchaser has no Knowledge of any fact, </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">occurrence or condition that makes any of the assumptions or statements set forth in the Commitment Letters inaccurate in any material respect or that would cause any of the Commitments Letters to be terminated or ineffective or, assuming satisfaction of the conditions precedent set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.2(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that would reasonably be expected to cause any of the conditions precedent set forth therein not to be met.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(f)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Commitment Letters are valid, binding and enforceable against Purchaser and, to the Knowledge of Purchaser, the other parties thereto, in accordance with their respective terms, except as such enforceability may be (i)&nbsp;limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws of general application relating to or affecting creditors&#8217; rights generally and (ii)&nbsp;subject to general equitable principles (whether considered in a proceeding in equity or at law).&nbsp; The Commitment Letters are in full force and effect, and assuming the accuracy of the representations and warranties set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article III</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and performance by the Sellers and their Subsidiaries of their obligations under this Agreement, as of the date of this Agreement no event has occurred that, with or without notice, lapse of time, or both, would reasonably be expected to constitute a default or breach on the part of Purchaser or, to the Knowledge of Purchaser, any other parties thereto, under the terms and conditions of the Commitment Letters.&nbsp; No Commitment Letter has been amended, restated or otherwise modified as of the date of this Agreement, and the respective commitments contained in the Commitment Letters have not been withdrawn or rescinded as of the date of this Agreement.&nbsp; Purchaser has fully paid or has caused to be fully paid any and all commitment or other fees in connection with the Commitment Letters that are payable on or prior to the date hereof.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(g)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">In no event shall the receipt or availability of any funds or financing by Purchaser or any Affiliate or any other financing or other transactions be a condition to any of Purchaser&#8217;s obligations hereunder.<BR></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Solvency</U>. Assuming the accuracy of <U>Section 3.5 (b)</U>, immediately after giving effect to the consummation of the transactions contemplated by this Agreement (including the Financing) Purchaser and its Subsidiaries will be Solvent. For purposes of this <U>Section 4.5</U>,&nbsp;"<U>Solvent</U>"&nbsp;means, with respect to any Person, that: </FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">the fair saleable value (determined on a going-concern basis) of the assets of such Person and its Subsidiaries shall be greater than the total amount of Liabilities of such Person and its Subsidiaries as of such date;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">such Person and its Subsidiaries shall be able to pay the debts and obligations of such Person and its Subsidiaries in the ordinary course of business as they become due; and</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in computing the amount of contingent or unliquidated Liabilities at any time, such Liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that would reasonably be expected to become an actual or matured Liability.</FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>4.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Litigation</U>.&nbsp;As of the date of this Agreement, (a) there is no material civil,</FONT></H2>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">criminal or administrative Action pending, or to the Knowledge of Purchaser, threatened, against Purchaser or any of its Subsidiaries which would reasonably be expected to prevent, hinder or delay any of the transactions contemplated hereby and (b)&nbsp;neither Purchaser nor any Subsidiary thereof is subject to any outstanding Order, writ, or injunction that prohibits or otherwise materially restricts or delays the ability of Purchaser to consummate the transactions contemplated hereby.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Matters</U>.&nbsp; Each member of the Education Group that is classified as a &#8220;controlled foreign corporation&#8221; within the meaning of Section 957(a) of the Code as of the date of this Agreement shall be so classified on the last day of the taxable period of such entity that includes the Closing Date (except for any such member of the Education Group (x) with respect to which Parent makes or causes to be made an election for such entity to be treated as a &#8220;disregarded entity&#8221; within the meaning of Treasury Regulation Section 301.7701-3, (y) with respect to the acquisition of which Purchaser makes or causes to be made an election under Section 338(g) of the Code or (z) that is a Non-QSP Target Corporation).</FONT></P>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Broker's Fees</U>.&nbsp; Except as set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 4.8</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Purchaser Disclosure Schedule, no broker, finder or investment banker is entitled to any brokerage, finder&#8217;s or other advisor&#8217;s fees, cost, expenses, or commissions in connection with the transactions contemplated by this Agreement based upon arrangements or Contracts made by or on behalf of Purchaser.&nbsp; Purchaser shall be solely responsible for fees of the party set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 4.8</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Purchaser Disclosure Schedule.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Acquisition of Shares for Investment</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp; Purchaser has such knowledge and experience in financial and business matters as is required for evaluating the merits and risks of its purchase of the Shares and is capable of such evaluation.&nbsp; Purchaser confirms that Sellers have made available to Purchaser and Purchaser&#8217;s agents the opportunity to ask questions of the officers and management employees of Sellers and of the members of the Education Group as well as access to the documents, information and records of Sellers and the members of the Education Group and to acquire additional information about the business and financial condition of the Business, and Purchaser confirms that it has made an independent investigation, analysis and evaluation of members of the Education Group and their properties, assets, business, financial condition, prospects, documents, information and records.&nbsp; Purchaser is acquiring the Shares for investment and not with a view toward or for sale in connection with any distribution thereof, or with any present intention of distributing or selling the Shares.&nbsp; Purchaser acknowledges that the Shares have not been registered under the Securities Act or any state securities Laws, and agrees that the Shares may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act, except pursuant to an exemption from such registration available under the Securities Act, and without compliance with foreign securities Laws, in each case, to the extent applicable.</FONT></P>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Guaranty</U>.&nbsp; Concurrently with the execution of this Agreement, Purchaser has delivered to Sellers a true, complete and correct copy of the executed Guaranty.&nbsp; The Guaranty is valid, binding and enforceable in accordance with its terms, and is in full force and effect, and no event has occurred that, with or without notice, lapse of time, or both, would reasonably be expected to constitute a default or breach or a failure to satisfy a condition precedent on the part of the Guarantors under the terms and conditions of the Guaranty.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.11</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Inspections; Limitations of Sellers' Warranties</U>.&nbsp; Except as otherwise expressly set forth in this Agreement, Purchaser acknowledges that the Shares, the Business and the businesses and properties of the members of the Education Group are furnished &#8220;AS IS, WHERE IS&#8221; AND, SUBJECT TO THE REPRESENTATIONS AND WARRANTIES CONTAINED IN ARTICLE III AND THE ANCILLARY AGREEMENTS, WITH ALL FAULTS AND WITHOUT ANY OTHER REPRESENTATION OR WARRANTY OF ANY NATURE WHATSOEVER, EXPRESS OR IMPLIED, ORAL OR WRITTEN, AND IN PARTICULAR, WITHOUT ANY IMPLIED WARRANTY OR REPRESENTATION AS TO CONDITION, MERCHANTABILITY OR SUITABILITY AS TO ANY OF THE ASSETS OR PROPERTIES OF THE EDUCATION GROUP.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>4.12</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ERISA</U>.&nbsp; Purchaser is not an &#8220;employee benefit plan&#8221; as defined in ERISA, whether or not subject to ERISA, or a &#8220;plan&#8221; as defined in Section&nbsp;4975 of the Code and none of Purchaser&#8217;s assets constitutes (or is deemed to constitute for purposes of ERISA or Section&nbsp;4975 of the Code, or any substantially similar federal, state or municipal Law) &#8220;plan assets&#8221; for purposes of 29 CFR Section&nbsp;2510.3-101, as amended by Section&nbsp;3(42) of ERISA or otherwise for purposes of ERISA or Section&nbsp;4975 of the Code.</FONT> </P>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;V</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>ADDITIONAL AGREEMENTS</FONT></H1>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Access to Books and Records</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">After the date of this Agreement, Sellers shall, to the extent permitted by applicable Law, afford to Purchaser, its counsel, financial advisors, auditors and other representatives reasonable access to the employees, properties, books, contracts and records, of the members of the Education Group during normal business hours, upon reasonable written notice and in accordance with the procedures established by Sellers, and, during such period, Sellers shall (and shall cause each Transferred Company to) furnish promptly to Purchaser all information concerning the Business, properties and personnel as may be reasonably requested; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that (i)&nbsp;no Seller nor any Transferred Company shall be required, in the good faith judgment of such Seller or Transferred Company, to violate any obligation of confidentiality to which a Seller or any member of the Education Group may be subject in discharging their obligations pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.1(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; (ii)&nbsp;Sellers shall make available, or cause the members of the Education Group to make available, only upon or after the Closing, all Business Employee personnel files; and (iii)&nbsp;prior to the Closing Date, Purchaser shall not conduct any sampling of soil, sediment, surface water, ground water or building material at, on, under or within any facility on the Owned Real Property or the Leased Real Property; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#184; for the avoidance of doubt, that Purchaser may make any such information available to the Debt Financing Sources (subject, in the case of material non-public information, to customary confidentiality undertakings).</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser agrees that any permitted investigation undertaken by Purchaser pursuant to the access granted under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.1(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall be conducted in such a manner as not to interfere unreasonably with the operation of the Business by Sellers or the members of the Education Group, and Purchaser and its representatives shall not communicate with any of the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">employees of Sellers or the members of the Education Group without the prior written consent of Sellers, which consent shall not be unreasonably conditioned, delayed or withheld.&nbsp; Notwithstanding anything to the contrary in this Agreement, neither Sellers nor any member of the Education Group shall be required to provide access to or disclose information where, upon the advice of counsel, such access or disclosure would reasonably be expected to result in the inability to successfully assert a claim of attorney-client privilege of such Party, or contravene any applicable Laws; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that the Parties hereto shall reasonably cooperate in seeking to find a way to allow disclosure of such information without jeopardizing the attorney-client privilege of such Party.<BR></FONT><FONT></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"></FONT><BR></P><FONT></FONT>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">At and after the Closing, Purchaser shall, and shall cause its Subsidiaries to, afford Sellers and their respective representatives, during normal business hours, upon reasonable written notice, access to the books, records, properties and employees of each member of the Education Group to the extent that such access may be reasonably requested by Sellers, including in connection with financial statements and SEC reporting obligations; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that nothing in this Agreement shall limit Sellers&#8217; rights of discovery.</FONT></H3>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser agrees to hold all the books and records of each member of the Education Group existing on the Closing Date and not to destroy or dispose of any thereof for a period of seven (7) years from the Closing Date or such longer time as may be required by applicable Law, and thereafter, if it desires to destroy or dipose of such books and records, to use its reasonable best efforts to offer first in writing at least sixty (60) days prior to such destruction or disposition to surrender them to Sellers.</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Confidentiality</U>.&nbsp; The terms of the Confidentiality Agreement are incorporated into this Agreement by reference and shall continue in full force and effect until the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that Purchaser&#8217;s confidentiality obligations shall terminate only in respect of that portion of the Confidential Information (as defined in the Confidentiality Agreement) exclusively relating to the Business.&nbsp; If, for any reason, the sale of the Shares is not consummated, the Confidentiality Agreement shall continue in full force and effect in accordance with its terms.&nbsp; After the Closing, until the second (2<SUP>nd</SUP>) anniversary of the Closing Date, Sellers shall hold and shall cause each of their entity Affiliates to hold, and each Seller shall use its reasonable efforts to cause its and its entity Affiliates&#8217; respective officers, directors, employees, accountants, counsel, consultants, advisors and agents to hold, in confidence, unless compelled to disclose by Order or Law, all confidential documents and information concerning the Education Group, except to the extent that such information can be shown by Sellers to have been (a)&nbsp;previously known on a non-confidential basis by Sellers; (b)&nbsp;in the public domain through no fault of Sellers or their Affiliates or (c)&nbsp;later lawfully acquired by Sellers from sources other than those related to their prior ownership of the Education Group.</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"></FONT><BR>&nbsp;</P><FONT></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"></FONT></DIV><FONT></FONT>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Efforts</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Subject to the terms and conditions herein provided, each of Purchaser and Sellers shall use reasonable best efforts to promptly take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under this Agreement and applicable Laws to consummate and make effective as promptly as practicable after the date hereof the transactions contemplated by this Agreement, including (i)&nbsp;preparing as promptly as </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">practicable all necessary applications, notices, petitions, filings (or, if required by the applicable Governmental Entity, a draft thereof), ruling requests, and other documents and to obtain as promptly as practicable all consents, waivers, licenses, orders, registrations, approvals, permits, rulings, authorizations, expiration of applicable waiting periods and clearances necessary or advisable to be obtained from any Governmental Entity in order to consummate the transactions contemplated by this Agreement (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Governmental Approvals</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) and (ii)&nbsp;as promptly as practicable taking all steps as may be necessary to obtain all such Governmental Approvals.&nbsp; In furtherance and not in limitation of the foregoing, each Party hereto agrees to (A)&nbsp;make an appropriate and complete filing of a Notification and Report Form pursuant to the HSR Act with respect to the transactions contemplated hereby within ten (10) Business Days of the date of this Agreement, (B)&nbsp;make all other required filings (or, if required by the applicable Governmental Entity, a draft thereof) pursuant to other Antitrust Laws with respect to the transactions contemplated hereby as promptly as practicable, and (C)&nbsp;not extend any waiting period under the HSR Act or any other Antitrust Law, nor enter into any agreement with the FTC or the DOJ or any other Governmental Entity not to consummate the transactions contemplated by this Agreement, except with the prior written consent of the other Party hereto.&nbsp; Each Party shall use its best efforts to cause all necessary filings in all Deferred Closing Jurisdictions to be made no later than five (5) Business Days after the date of this Agreement.&nbsp; As promptly as practicable after the date of this Agreement, Parent and Sellers shall use best efforts to provide to Purchaser&#8217;s outside antitrust counsel, all documents and information necessary to make all necessary filings in all Deferred Closing Jurisdictions and each Party shall supply as promptly as practicable any additional information or documentation that may be requested pursuant to the HSR Act or any other Antitrust Law and use its reasonable best efforts to take all other actions necessary, proper or advisable to cause the expiration or termination of the applicable waiting periods under the HSR Act and any other Antitrust Law as soon as possible.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each of Purchaser and Sellers shall, in connection with the actions referenced in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to obtain all Governmental Approvals for the transactions contemplated by this Agreement under the HSR Act or any other Antitrust Law, (i)&nbsp;cooperate in all respects with each other in connection with any communication, filing or submission and in connection with any investigation or other inquiry, including any proceeding initiated by a private party; (ii)&nbsp;keep the other Party and/or its counsel informed of any communication received by such Party from, or given by such Party to, the FTC, the DOJ or any other U.S. or other Governmental Entity and of any communication received or given in connection with any proceeding by a private party, in each case regarding any of the transactions contemplated hereby; (iii)&nbsp;consult with each other in advance of any meeting or conference with the FTC, the DOJ or any other Governmental Entity or, in connection with any proceeding by a private party, with any other person, and to the extent permitted by the FTC, the DOJ or such other Governmental Entity or other person, give the other Party and/or its counsel the opportunity to attend and participate in such meetings and conferences; and (iv)&nbsp;except for Parties&#8217; Notification and Report Forms and attachments thereto filed under the HSR Act, permit the other Party and/or its counsel to review in advance any submission, filing or communication (and documents submitted therewith) intended to be given by it to the FTC, the DOJ or any other Governmental Entity; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that materials may be redacted to remove references concerning the valuation of the businesses of Sellers.&nbsp; Purchaser and Sellers, as each deems advisable and necessary, reasonably designate any competitively sensitive material to be provided to the other under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> as &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Antitrust Counsel Only Material</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&#8221;&nbsp; Such materials and the information </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">contained therein shall be given only to the outside antitrust counsel of the recipient and will not be disclosed by such outside counsel to employees, officers or directors of the recipient unless express permission is obtained in advance from the source of the materials (Purchaser or Sellers, as the case may be) or its legal counsel.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">In furtherance and not in limitation of the covenants of the Parties contained in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 5.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">5.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, each of Purchaser, Sellers and the Company shall use its reasonable best efforts to (i)&nbsp;avoid the entry of, or to have vacated, lifted, reversed or overturned any decree, judgment, injunction or other order, whether temporary, preliminary or permanent, that would restrain, prevent or delay the Closing on or before the Outside Date, including defending through litigation on the merits any claim asserted in any court with respect to the transactions contemplated by this Agreement by the FTC, the DOJ or any other applicable Governmental Entity or any private party; and (ii)&nbsp;avoid or eliminate each and every impediment under any Antitrust Law so as to enable the Closing to occur as soon as possible (and in any event no later than the Outside Date), including (x)&nbsp;proposing, negotiating, committing to and effecting, by consent decree, hold separate order, or otherwise, the sale, divestiture or disposition of such businesses, product lines or assets of Purchaser and the members of the Education Group, (y)&nbsp;otherwise taking or committing to take actions that after the Closing would limit Purchaser&#8217;s and/or its Subsidiaries&#8217; freedom of action with respect to, or its or their ability to operate and/or retain, one or more of the businesses, product lines or assets of Purchaser or the members of the Education Group, and (z)&nbsp;agreeing to divest, sell, dispose of, hold separate, or otherwise take or commit to take any action that limits its freedom of action with respect to, or Purchaser&#8217;s or Purchaser&#8217;s Subsidiaries&#8217; ability to operate or retain, any of the businesses, product lines or assets of Purchaser or the members of the Education Group; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that any action contemplated by clauses&nbsp;(x), (y)&nbsp;and (z)&nbsp;is conditioned upon the consummation of the transactions contemplated by this Agreement.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Without limiting any other obligation under this Agreement, during the period from the date of this Agreement until the Closing Date, each of Purchaser and Sellers shall not, and shall cause its Subsidiaries and controlled Affiliates to not, take or agree to take any action that would reasonably be expected to prevent or delay the Parties from obtaining any Governmental Approval in connection with the transactions contemplated by this Agreement, or to prevent or materially delay or impede the consummation of the transactions contemplated herein (which, for the avoidance of doubt, shall not include ordinary course trading in debt).</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser agrees to provide such security and assurances as to financial capability, resources and creditworthiness as may be reasonably requested by any Governmental Entity whose consent or approval is sought in connection with the transactions contemplated hereby. &nbsp;Whether or not the Sale is consummated, Purchaser and Parent shall each be responsible for 50% of all filing fees and payments to any Governmental Entity in order to obtain any consents, approvals or waivers pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Conduct of Business.</U></FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">During the period from the date of this Agreement to the Closing Date, except (i)&nbsp;as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, (ii)&nbsp;as expressly contemplated by this Agreement or the Ancillary Agreements, (iii)&nbsp;as Purchaser shall otherwise </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">consent in writing, or (iv)&nbsp;as contemplated in connection with the Plan of Reorganization, Sellers agree that they will, and will cause each member of the Education Group (in respect of the Business) to, (A)&nbsp;conduct the Business in all material respects in the ordinary course consistent with past practice and (B)&nbsp;use their commercially reasonable efforts to preserve intact the Business, (C)&nbsp;use their commercially reasonable efforts to keep available the services of the directors, officers, agents and key employees of the Education Group, (D)&nbsp;use their commercially reasonable efforts to maintain good relationships with, and the goodwill of, the customers, suppliers, lenders, creditors, business associates and others having material relationships with the Education Group, (E) manage the working capital of the Education Group (including the timing of collection of accounts receivable and of the payment of accounts payable and the management of inventory) in the ordinary course of business consistent with past practice and (F) use commercially reasonable efforts to continue to make capital expenditures of the Education Group consistent with those contemplated by the capital expenditure budget set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.4(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">During the period from the date of this Agreement to the Closing Date, except (1)&nbsp;as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule, (2)&nbsp;as expressly contemplated by this Agreement or the Ancillary Agreements, (3)&nbsp;as Purchaser shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed in the case of clauses (iii)(B) and (C), (v), (vii), (viii), (ix) or (x), or (4) as contemplated in connection with the Plan of Reorganization or (5) as required by applicable Law, Sellers covenant and agree that they shall not, and shall cause the members of the Education Group not to, in each case with respect to the Business, take any of the following actions:</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A) amend or propose to amend their respective certificates of incorporation or by-laws or equivalent organizational documents in any manner adverse to Purchaser, (B)&nbsp;split, combine or reclassify their outstanding capital stock, or (C)&nbsp;declare, set aside or pay any non-cash dividend or non-cash distribution to any Person other than a member of the Education Group (except as may facilitate the elimination of intercompany accounts or the removal of cash and cash equivalents contemplated by </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.7</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">);&nbsp;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">issue, sell, pledge or dispose of, or agree to issue, sell, pledge or dispose of, any additional shares of, or any options, warrants or rights of any kind to acquire any shares of their capital stock of any class or any debt or equity securities which are convertible into or exchangeable for such capital stock;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A)&nbsp; create, assume, incur or otherwise become liable for any Indebtedness (other than Indebtedness of the types specified in clauses (d) and (e) of the definition of Indebtedness) in excess of $5,000,000, except in the ordinary course of business consistent with past practice and (1)&nbsp;to the extent that such Indebtedness will be settled or otherwise eliminated prior to the Closing, (2)&nbsp;to replace or refinance existing credit facilities or other Indebtedness without increasing the principal amount thereunder, (3)&nbsp;as a draw on existing working capital credit facilities or replacements thereof or (4) in the form of ordinary course trade payables and receivables between any member of the Education Group, on the one hand, and either any member of the Parent Group or any third party, on the other hand,</FONT></H4>

<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">make any acquisition, (by merger, consolidation or </FONT></H5>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">otherwise), of any assets, security, properties, interests or businesses for consideration in excess of $15,000,000 other than acquisitions in the ordinary course of business and acquisitions of businesses in accordance with contracts in effect as of the date hereof to which Sellers or any member of the Education Group is a party or under which any of such persons are bound, or</FONT></P>

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<H5 style="TEXT-INDENT: 121.5pt; MARGIN: 0in 0in 12pt 22.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(B)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">sell, pledge, dispose of or encumber any assets or businesses in excess of $5,000,000 other than in the ordinary course of business and sales or dispositions of businesses in accordance with contracts in effect as of the date hereof to which Sellers or any member of the Education Group is a Party or as may be required by applicable Law;</FONT></H5>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">enter into, amend, or extend any collective bargaining or other labor agreements; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(v)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">except as required by existing written agreements or Benefit Plans, shall not, and shall not permit any of its Subsidiaries to (A)&nbsp;except in the ordinary course of business consistent with past practice, increase the compensation or other benefits payable or provided to any of the Business Employees, (B)&nbsp;enter into any employment, change-of-control, severance or retention agreement with any Business Employee except (1)&nbsp;for an employment or severance agreement with a Business Employee who has been hired to replace a Business Employee with such an agreement, so long as such agreement does not provide for greater compensation and benefits than those (I)&nbsp;due under the replaced Business Employee&#8217;s agreement or (II)&nbsp;provided to such replaced Business Employee as of such replaced Business Employee&#8217;s termination of employment (it being understood that any such employment or severance agreement shall not provide for any change-of-control, retention or similar payment without Purchaser&#8217;s consent pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, such consent not to be unreasonably withheld, conditioned or delayed), or (2)&nbsp;for severance agreements entered into with Business Employees in the ordinary course of business consistent with past practice in connection with terminations of employment, so long as any such severance agreement provides for benefits consistent with the severance arrangements and policies heretofore disclosed to Purchaser, or (C)&nbsp;establish, adopt, enter into or amend any plan, </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">trust, fund, policy or arrangement for the benefit of any Business Employees or any of their beneficiaries (except (1)&nbsp;as would not result in a material increase in cost to Purchaser or any of its Subsidiaries, (2)&nbsp;in connection with an action that applies uniformly to all similarly situated employees of Parent and its Subsidiaries and that is not exclusive to the Business Employees, so long as such action would not result in a material increase in cost to Purchaser or any of its Subsidiaries, or (3)&nbsp;as otherwise permitted pursuant to clauses (A)&nbsp;and (B)&nbsp;of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4(b)(v)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">);&nbsp;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">make any material change to its methods of financial accounting in effect at June 30, 2012, except as required by a change in GAAP (as agreed to by its independent accountants) or in applicable Law;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A) fail to prepare or cause to be prepared, in the ordinary course of business and consistent with past practice (except as otherwise required by applicable Law), and timely file or cause to be filed all Tax Returns required to be filed by </FONT></H4>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">any member of the Education Group on or before the Closing Date (other than any Combined Tax Return), (B) fail to promptly notify Purchaser of any material Tax Proceeding initiated or threatened in writing after the date of this Agreement against a member of the Education Group with respect to a material Tax of such member of the Education Group, (C) settle or compromise any material Tax Proceeding or file any material amended Tax Return, in each case, to the extent such action (x) relates primarily to one or more members of the Education Group and (y) binds a member of the Education Group for a Post-Closing Period or (D) cause any Transferred Company set forth on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.13(h)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule to be treated as other than an entity that is disregarded as an entity separate from its owner within the meaning of Treasury Regulation Section 301.7701-3;</FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(viii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">amend any term of any capital stock (whether by merger, consolidation or otherwise);</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ix)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">enter into any Contract that limits or otherwise restricts in any material respect the Education Group or any of its respective Affiliates or any successor thereto or that would reasonably be expected, after the Closing, to limit or restrict in any material respect the Education Group or any of its respective Affiliates, from engaging or competing in any line of business, in any location or with any Person;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(x)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">enter into, amend or modify in any material respect or terminate any Material Contract, or otherwise waive, release or assign any material rights, claims or benefits thereto of the Education Group, in each case, other than in the ordinary course of business consistent with past practice;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">settle (A)&nbsp;any material Action involving or against the Education Group, (B)&nbsp;any stockholder Action against the Education Group or any of its officers or directors or (C)&nbsp;any Action that relates to the transactions contemplated by this Agreement and the Ancillary Agreements; or</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">agree or commit to take any action described in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding the foregoing, nothing in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall prohibit or otherwise restrict in any way the operation of the business of Sellers or the members of the Education Group except to the extent relating to the Business.</FONT></H3>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Consents</U>.&nbsp; Parent shall, and shall cause the members of the Education Group to (a) reasonably cooperate with Purchaser to obtain any consents required from third parties in connection with the consummation of the transactions contemplated by this Agreement and (b) use reasonable best efforts to obtain the consents set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule, subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 11.6</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">. If the obligations in clauses (a) and (b) have been fulfilled, Sellers shall have no liability for failure to obtain any consents.&nbsp; For the avoidance of doubt, the failure to obtain any consents shall in no event constitute a failure of any condition to the Closing.</FONT></P>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Public Announcements</U>.&nbsp; No Party to this Agreement nor any Affiliate or representative of such Party shall issue or cause the publication of the initial press release or</FONT></H2>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">public announcement or any subsequent press release or public announcement in respect of this Agreement or the transactions contemplated by this Agreement without the prior written consent of the other Party (which consent shall not be unreasonably withheld, conditioned or delayed), except as may be required by applicable Law or stock exchange rules (upon the advice of counsel) in which case the Party required to publish such press release or public announcement shall use reasonable efforts to provide the other Party a reasonable opportunity to comment on such press release or public announcement in advance of such publication.&nbsp; Subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.2</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, the foregoing shall not restrict communications between Purchaser and the investors or potential investors of Purchaser or its Affiliates in the ordinary course of business consistent with past practice.</FONT></P></DIV>

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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Intercompany Accounts</U>.&nbsp; On or prior to the Closing Date, all intercompany accounts except for ordinary course trade payables and receivables and those accounts listed on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule between any member of the Parent Group, on the one hand, and any member of the Education Group, on the other hand, shall be settled or otherwise eliminated in such a manner as Sellers shall reasonably determine (including by Sellers or any of their Affiliates removing from any member of the Education Group all cash and cash equivalents or funds from cash pools by means of dividends, distributions, the creation or repayment of intercompany debt, increasing or decreasing of cash pool balances or otherwise; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that Seller shall not be permitted to remove such cash, cash equivalents or funds that would result in any member of the Education Group having an amount of cash or cash equivalents less than the amount set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule opposite the jurisdiction of organization of such member of the Education Group (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Operating Cash</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;)), without any liability to Purchaser or its Affiliates following the Closing.&nbsp; For the avoidance of doubt, intercompany accounts between and among any member of the Education Group shall not be affected by this provision.</FONT> </DIV>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Guarantees; Commitments.</U></FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">From and after the Closing, Purchaser shall and shall cause the members of the Education Group to, jointly and severally, indemnify and hold harmless each member of the Parent Group and their respective managers, officers, directors, employees, representatives, agents, successors and assigns (collectively, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent Indemnitees</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) against any Losses that any Parent Indemnitee suffers, incurs or is liable for by reason of or arising out of or in consequence of:&nbsp; (i)&nbsp;any Parent Indemnitee issuing, making payment under, being required to pay or reimburse the issuer of, or being a party to, any guarantee, indemnity, surety bond, letter of credit, bank guarantee, keepwell agreement, consumer financing arrangements, or other similar commitment, understanding, agreement or obligation relating to the Business listed on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.8(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Indemnified Guarantees</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;); (ii)&nbsp;any claim or demand for payment made on any Parent Indemnitee with respect to any of the Indemnified Guarantees; or (iii)&nbsp;any Action, claim or proceeding by any Person who is or claims to be entitled to the benefit of or claims to be entitled to payment, reimbursement or indemnity with respect to any Indemnified Guarantees.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Prior to the Closing, Purchaser shall use commercially reasonable efforts to cause itself or the members of the Education Group to be substituted in all respects for each member of the Parent Group, and for each member of the Parent Group to be released, effective </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">as of the Closing or (if such substitution and release cannot be effected as of the Closing) as soon as reasonably possible after the Closing (and, in any event, no later than 30 days after Closing), in respect of all obligations of each member of the Parent Group under each of the Indemnified Guarantees.&nbsp; At Parent&#8217;s request, Purchaser will, and will cause the members of the Education Group to, assign or cause to be assigned, any lease underlying an Indemnified Guarantee to an Affiliate of Purchaser meeting the applicable net worth and other requirements in such lease to give effect to the provisions of the preceding sentence.&nbsp; For any Indemnified Guarantees for which Purchaser or the members of the Education Group, as applicable, is not substituted in all respects for each member of the Parent Group (or for which each member of the Parent Group is not released) effective as of the Closing, Purchaser shall continue to use commercially reasonable efforts and shall cause the members of the Education Group to use commercially reasonable efforts to effect such substitution and release as soon as reasonably practicable after the Closing, and Parent and Sellers shall continue to reasonably cooperate in Purchaser&#8217;s efforts.&nbsp; Purchaser further agrees that, to the extent the beneficiary or counterparty under any Indemnified Guarantee does not accept any such substitute arrangement proffered by Purchaser or an Affiliate of Purchaser or to the extent each member of the Parent Group is not fully and irrevocably released and discharged, Purchaser hereby agrees to: (i) indemnify each member of the Parent Group for any and all amounts paid, including all reasonable and documented out-of-pocket costs or expenses incurred in maintaining such Indemnified Guarantee for each member of the Parent Group, and (ii) promptly reimburse each member of the Parent Group to the extent any Indemnified Guarantee is called upon and such member of the Parent Group makes any payment or is obligated to reimburse the Party issuing such Indemnified Guarantee.&nbsp;For the avoidance of doubt, Purchaser shall not replace any letters of credit or any other collateral which relates to any collateral provided by Sellers under any Seller insurance policy(ies) or self-insured programs.</FONT></P>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Insurance</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp; </FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">From and after the Closing Date, the members of the Education Group shall cease to be insured by the insurance policies held by Parent or any of its Subsidiaries, or by any of their self-insured programs, and neither Purchaser nor its Subsidiaries shall have any right, title or interest to or in any such insurance policies (including to all claims and rights to make claims and all rights to proceeds) to cover any assets of the members of the Education Group or any Liability arising from the operation of the Business on or after the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that (i) Purchaser shall continue to have the benefits of available insurance pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.9</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> exercisable by requesting that Parent make claims under such policies and programs with respect to losses occurring (whether known or unknown) before the Closing Date to the extent insurance coverage in respect of such claims may be available, (ii) the members of the Parent Group shall diligently pursue such claims, consult with Purchaser prior to making any material decision or taking any material action relating to such claim and take such other actions as may be reasonably requested by Purchaser in connection with the tendering of such claims to the applicable insurers under such policies, and (iii) shall provide Purchaser with the net proceeds they realize with respect to such claims; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that (A) Purchaser shall be liable for all uninsured or self-insured amounts in respect of such claims and (B) Purchaser agrees to reimburse, upon the request of Parent, the applicable members of the Parent Group for all out-of-pocket costs incurred by any member of the Parent Group associated with Purchaser-initiated claims, including costs of filing a claim, arbitration costs, any deductibles and premium increases under the insurance policies and programs resulting from such claims.&nbsp; Each </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Seller or any of its respective Affiliates may, in its reasonable discretion, to be effective as of the Closing, amend any insurance policies in the manner it deems appropriate to give effect to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.9</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that no Seller nor any of its Affiliates may take any action that would reduce, modify or eliminate any coverage, terms and conditions or policy limits to the detriment of the Education Group or Purchaser under any insurance policy presently available to the Education Group for any claims related to pre-Closing occurrences.&nbsp; From and after the Closing, Purchaser shall be responsible for securing all insurance it considers appropriate for its operation of the Education Group and the Business.&nbsp; Purchaser further covenants and agrees not to seek or assert directly from the insurer, or the exercise any rights or claims of any member of the Education Group or the Business under or in respect of any past or current insurance policy under which any Transferred Company or Affiliate thereof or the Business is an additional insured.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers agree to execute, or cause to be executed, and deliver affidavits and other customary documentation in customary form, as reasonably required by Stewart Title Guaranty Company to induce such insurer to issue owner&#8217;s policies of title insurance for the Owned Real Property or any portion thereof including fee title to the applicable Owned Real Property subject only to Permitted Liens and containing or accompanied by such affirmative insurance and endorsements (including a so-called non-imputation endorsement) as Purchaser shall reasonably request, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that Seller and its affiliates shall not have any increased liability under any such requested affidavits and other customary documentation than under this Agreement (including in respect of any caps, baskets and survival periods herein).</FONT></H3>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Litigation Support</U>.&nbsp; In the event and for so long as any Seller is prosecuting, contesting or defending any legal proceeding, Action, investigation, charge, claim, or demand by a third party in connection with (a)&nbsp;any transactions contemplated under this Agreement, or (b)&nbsp;any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction relating to, in connection with or arising from the Business or the members of the Education Group, Purchaser shall, and shall cause its Subsidiaries and Affiliates (and its and their officers and employees) to reasonably cooperate with Sellers and their counsel in such prosecution, contest or defenses, including making available its personnel, and provide such testimony and access to its books and records as shall be reasonably necessary in connection with such prosecution, contest or defense, in each case at such Seller&#8217;s sole expense and in a manner that does not interfere with Purchaser&#8217;s conduct of the Business in any material respect.</FONT></P>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.11</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Payments</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers shall promptly pay or deliver to Purchaser any monies or checks which have been sent to an Affiliate of Sellers after the Closing Date by customers, suppliers or other contracting parties of the members of the Education Group and the Business and which should have been sent to Purchaser (including promptly forwarding invoices or similar documentation to Purchaser).</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers agree that Purchaser has the right and authority to endorse, without recourse, any check or other evidence of indebtedness received by Purchaser in respect of any note or receivable transferred to Purchaser pursuant to this Agreement and Sellers shall furnish </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser such evidence of this authority as Purchaser may request.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser shall promptly pay or deliver to Sellers any monies or checks which have been sent after the Closing Date to Purchaser to the extent they are not due to the Business or the members of the Education Group or should have otherwise been sent to an Affiliate of Sellers (including promptly forwarding invoices or similar documentation to Sellers).</FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.12</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Non-Solicitation; Non-Competition</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">For a period of eighteen (18) months from the Closing Date, Parent shall cause the Restricted Parties not to hire or make an offer to hire or solicit, entice, encourage or intentionally influence (or attempt to do any of the foregoing) for employment (whether as an employee, director, member, owner, agent, consultant or otherwise) any officer or other member of management who was an employee of any member of the Education Group immediately prior to the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that the Restricted Parties shall not be precluded from soliciting or hiring, or taking any other action with respect to, any such Person who (i) has been terminated by Purchaser or its Affiliates (including the members of the Education Group) prior to commencement of employment discussions between any of the Restricted Parties and such Person, (ii) responds to a general or public solicitation not targeted at individual prospective employees, consultants or independent contractors of Purchaser or any of its Affiliates, including the members of the Education Group (including by a bona fide search firm) or (iii) initiates discussions regarding such employment without any solicitation by any of the Restricted Parties in violation of this Agreement; and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the Restricted Parties shall not be restricted from engaging in general or public solicitations or advertising not targeted at any such Persons described above.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">For a period of thirty (30) months from the Closing Date, Parent shall cause the Restricted Parties not to, either directly or indirectly as a stockholder, investor, member, partner or otherwise, undertake, participate or engage in the Business anywhere in the world.&nbsp; Notwithstanding the foregoing, none of the following shall be a breach of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.12</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">:&nbsp; (i)&nbsp;the purchase or ownership by a Restricted Party of a Person or business that derives less than the greater of (A)&nbsp;12.5% of its total annual revenues or (B)&nbsp;$17,500,000 in annual revenues from the Business, measured for the fiscal year ended immediately prior to the date of such purchase, (ii)&nbsp;the purchase or ownership by a Restricted Party of a Person or business that derives an amount equal to or greater than the greater of (x)&nbsp;12.5% or more of its total annual revenues or (y)&nbsp;$17,500,000 in annual revenues from the Business measured for the fiscal year ended immediately prior to the date of such purchase, as long as that Restricted Party shall commit to, and shall, divest to an unaffiliated third party the Business operated by such acquired or owned Person or business or reduce the Business operated by such acquired or owned Person or business in size to constitute less than $17,500,000 in annual revenues as soon as reasonably practicable, and in any event not later than one year, following the acquisition of such ownership or interest (</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that such one year period shall be extended to the date on which all approvals from a Governmental Entity required to complete the divestiture are received (but no later than the second anniversary following the acquisition of such Person or business) if such approvals are not received by the first anniversary following the acquisition of such Person or business), (iii)&nbsp;the provision by Restricted Parties of goods or services of a nature provided by any member of the Parent Group as of the date of this Agreement, and reasonable </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">extensions thereof, (iv) the operation of any Deferred Business not yet transferred in accordance with <U>Section 2.9(b)</U> and (v)&nbsp;the direct or indirect ownership by Restricted Parties of publicly traded interests in or securities of any Person engaged in the Business to the extent that such investment does not, directly or indirectly, confer on the Restricted Parties more than 10% of the voting power of such Person.&nbsp; Notwithstanding anything to the contrary in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.12(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the Restricted Parties can offer and provide in any setting (including within a classroom or seminar setting) and in any format (including in a print, computerized, video or online format), whether for branding or marketing purposes or to generate revenue, training and education materials, products and services relating to financial, commercial and commodities information and products that use the &#8220;McGraw-Hill Financial&#8221; brand, sub-brands or other brands; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that such materials, products and services do not employ the &#8220;McGraw-Hill Education&#8221; brand.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">For the purposes of this Agreement, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Restricted Party</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221; shall mean (i)&nbsp;Parent and (ii)&nbsp;each Subsidiary of Parent for the period that such Subsidiary is directly or indirectly owned by Parent.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>5.13</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Directors and Officers</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If the Closing occurs, Purchaser shall and shall cause the members of the Education Group to take any necessary actions, except as otherwise required by Law, to provide, on terms that are no less favorable, all rights to indemnification and all limitations on liability currently existing in favor of any current or former managers, officers, directors, employees, representatives and agents of the members of the Education Group (or their respective predecessors) (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Seller Indemnitees</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), as provided in (i)&nbsp;the organizational documents of the members of the Education Group in effect on the date of this Agreement or (ii)&nbsp;any agreement providing for indemnification by the members of the Education Group of any of the Seller Indemnitees in effect on the date of this Agreement to which Sellers or the members of the Education Group are a party.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">In the event that any member of the Education Group or Purchaser or any of their respective successors or assigns (i)&nbsp;consolidates with or merges into any other Person and shall not be the continuing or surviving corporation or entity of such consolidation or merger or (ii)&nbsp;transfers or conveys all or a majority of its properties and assets to any Person, then, and in each such case, proper provision shall be made so that the successors and assigns of the members of the Education Group or Purchaser, as the case may be, shall succeed to the obligations set forth in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The obligations of Purchaser under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.13&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall not be terminated or modified in such a manner as to materially and adversely affect any indemnitee to whom this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> applies without the written consent of such affected indemnitee (it being expressly agreed that the indemnitees to whom this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> applies shall be third party beneficiaries of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">).<BR></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.14</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Financing.</U></FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser shall use its reasonable best efforts (taking into account the expected timing of the Marketing Period) to take, or cause to be taken, all actions and to do, or </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">cause to be done, all things necessary, proper or advisable to obtain and to consummate the Equity Financing and the Debt Financing on the terms and conditions described in the Commitment Letters; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that Purchaser may (i)&nbsp;amend the Debt Commitment Letters to add lenders, lead arrangers, book-runners, syndication agents or similar entities who had not executed the Debt Commitment Letters as of the date of this Agreement or (ii)&nbsp;otherwise replace or amend the Debt Commitment Letters, in each case so long as such action would not be prohibited by the following sentence.&nbsp; Purchaser shall not permit any amendment or modification to be made to, or any waiver of any provision under, the Commitment Letters without the prior written consent of Sellers if such amendment, supplement, modification or waiver:</FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">reduces the aggregate amount of the Financing (including by increasing the amount of fees to be paid or original issue discount as compared to such fees and original issue discount contemplated by the Debt Commitment Letter and related fee letters in effect on the date hereof unless the Debt Financing or the Equity Financing is increased by such amount);</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(A) imposes new or additional conditions precedent to the Financing, or (B)&nbsp;otherwise adversely expands, amends or modifies any of the conditions precedent to the Financing, or otherwise expands, amends or modifies any other provision of the Commitment Letters, in the case of this clause (B), in a manner that would reasonably be expected to prevent or materially delay the ability of Purchaser to consummate the Closing; or</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">would materially adversely impact the ability of Purchaser to enforce its rights against other parties to the Commitment Letters or otherwise to timely consummate the transactions contemplated by this Agreement.</FONT></H4>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser shall promptly deliver to Sellers copies of any such amendment, modification, waiver or replacement.&nbsp; For purposes of this Agreement, references to &#8220;Financing&#8221; or &#8220;Debt Financing,&#8221; as applicable, shall include the financing contemplated by the Commitment Letters as permitted to be amended, modified, waived or replaced by this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.14(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> or by </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.14(c)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and references to &#8220;Debt Commitment Letters&#8221; shall include such documents as permitted to be amended, modified, waived or replaced by this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.14(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.14(c)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser shall use its reasonable best efforts to (i)&nbsp;maintain in effect the Commitment Letters; (ii)&nbsp;negotiate and enter into definitive agreements (which, with respect to the bridge facility documentation, shall not be required until reasonably necessary in connection with the funding of the Debt Financing) with respect to the Debt Financing on the terms and conditions contained therein (including, as necessary to obtain the Financing, the &#8220;flex&#8221; provisions contained in any related fee letter), or on other terms no less favorable in any material respect to Purchaser as to conditionality than the terms and conditions in the Commitment Letters; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that in no event shall any such definitive agreement contain terms (other than those included in the Debt Commitment Letter) that would reasonably be expected to prevent or materially delay the Closing; (iii) provide Parent with copies of all substantially final drafts of such definitive agreements; (iv)&nbsp;satisfy on a timely basis all conditions applicable to Purchaser contained in the Debt Commitment Letters that are within its control (or, if deemed advisable by Purchaser, seek the waiver of conditions applicable to Purchaser contained in the Debt Commitment Letters), including the payment of any commitment, engagement or placement fees </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">required as a condition to the Debt Financing and due and payable by Purchaser, as set forth in the Debt Commitment Letters, (v)&nbsp;enforce its rights under the Debt Commitment Letters, (vi)&nbsp;upon satisfaction of all of the conditions precedent under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 8.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">8.2&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (except those that, by their nature, are to be satisfied at Closing, provided such conditions would be so satisfied as of such date), cause the funding of the Debt Financing at or prior to Closing (together with other sources of funds, with respect to the Required Amount); (vii)&nbsp;give Sellers prompt notice of any material breach by any party to the Debt Commitment Letters of which Purchaser has become aware or any termination of, or any notice of intention by any funding source not to provide the Financing contemplated in, any of the Commitment Letters; (viii) upon request of the Parent, Purchaser shall apprise Parent of material developments relating to the Financing.</FONT></P>

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<H3 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding anything to the contrary in this Agreement, nothing contained in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall require, and in no event shall the reasonable best efforts of Purchaser be deemed or construed to require, Purchaser or any Affiliate thereof to (i)&nbsp;seek the Equity Financing from any source other than those counterparty to, or in any amount in excess of that contemplated by, the Equity Commitment Letters, or (ii)&nbsp;pay any material fees in excess of those contemplated by the Equity Commitment Letters or the Debt Commitment Letters.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If any portion of the Debt Financing becomes unavailable on the terms and conditions contemplated in the Debt Commitment Letters or the Debt Commitment Letters shall be terminated for any reason, Purchaser shall promptly notify Sellers in writing and shall use its reasonable best efforts to arrange to obtain alternative financing from alternative sources on terms and conditions (including all terms, termination rights, flex provisions and funding conditions) no less favorable to Purchaser as those contained in the Debt Commitment Letters and in an amount sufficient, together with the Equity Financing, available cash on hand of Purchaser and cash on hand of the Transferred Companies and their Subsidiaries available for application to the Required Amount, if any, on the Closing Date, to fund the Required Amount (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Alternate Financing</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) and, if obtained, will provide Parent with a copy of a new financing commitment that provides such Alternate Financing (an &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Alternate Debt Commitment Letter</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; To the extent applicable, Purchaser shall use its reasonable best efforts (taking into account the expected timing of the Marketing Period) to take, or cause to be taken, all actions and things necessary, proper or advisable to arrange promptly and consummate the Alternate Financing on the terms and conditions described in any Alternate Debt Commitment Letter, including by using reasonable best efforts to comply with its obligations under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> above as though the references therein to Debt Commitment Letters and Debt Financing were instead references to the Alternate Debt Commitment Letter and the Alternate Financing, respectively.</FONT></H3>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Notwithstanding anything to the contrary in this Agreement, Purchaser may enter discussions regarding, and may enter into arrangements and agreements relating to the Financing to add other equity providers, so long as in respect of any such arrangements and agreements, the following conditions are met:&nbsp; (i)&nbsp;the aggregate amount of the Equity Financing is not reduced; (ii)&nbsp;the arrangements and agreements, in the aggregate, would not be reasonably likely to delay or prevent the Closing; and (iii)&nbsp;the arrangements and agreements would not diminish or release the pre-closing obligations of the parties to the Equity Commitment Letters, adversely affect the rights of Purchaser to enforce its rights against the parties to the Equity Commitment Letters, or otherwise constitute a waiver or reduction of Purchaser&#8217;s rights under the Equity Commitment Letters.</FONT></P>

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<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">For the avoidance of doubt, in the event that (i)&nbsp;all or any portion of the Debt Financing contemplated to be raised in lieu of the bridge financing contemplated under the Debt Commitment Letters has not been consummated, (ii)&nbsp;the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article VIII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> have been satisfied or waived, and (iii) all of the conditions set forth in the Debt Commitment Letters have been satisfied or waived (other than those conditions which by their nature are to be satisfied at Closing, but subject to the satisfaction of those conditions), Purchaser shall use reasonable best efforts to cause the proceeds of the bridge facility contemplated by the Debt Commitment Letters to be used to cause the Closing to occur in accordance with the terms and conditions hereunder.</FONT></P>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Prior to the Closing, or as expressly provided in clause&nbsp;(iv) below, Sellers shall use commercially reasonable efforts to, and to cause the members of the Education Group and the Sellers&#8217; and the members of the Education Group&#8217;s respective directors, officers, employees, agents, consultants, advisors, (including legal, financial and accounting advisors), and other representatives (collectively, &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Representatives</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) to, provide to Purchaser such cooperation as is reasonably requested by Purchaser and the Debt Financing Sources in connection with the Debt Financing (</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that such requested cooperation does not materially and adversely interfere with the ongoing operations of Sellers and its Subsidiaries), including: </FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">assisting in preparation for and participation in marketing efforts (including lender meetings and calls), other meetings, drafting sessions, rating agency presentations, road shows and due diligence sessions (including accounting due diligence sessions) and sessions with prospective lenders, investors and ratings agencies and assisting Purchaser in obtaining ratings as contemplated by the Debt Financing; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">assisting Purchaser and the Debt Financing Sources in the preparation of (A)&nbsp;offering documents, private placement memorandum, bank information memorandum, prospectuses and similar marketing documents for any of the Financing, including the execution and delivery of customary representation letters in connection with bank information memoranda and reviewing and commenting on Purchaser&#8217;s draft of a business description and &#8220;Management&#8217;s Discussion and Analysis&#8221; of the Education Group&#8217;s financial statements to be included in offering documents contemplated by the Debt Financing; and (B)&nbsp;materials for rating agency presentations; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">as promptly as reasonably practicable (A)&nbsp;furnishing Purchaser and Purchaser&#8217;s financing sources (including the Debt Financing Sources) and their respective Representatives with the Required Information and (B)&nbsp;informing Purchaser if Sellers or their Subsidiaries shall have knowledge of any facts that would likely require the restatement of such financial statements for such financial statements to comply with GAAP; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iv)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">both before the Closing and, to the extent reasonably necessary to allow Purchaser or any of its Affiliates to consummate a securities offering or comply with SEC requirements, after the Closing, providing appropriate representations in connection with the preparation of financial statements and other financial data of the Education Group and requesting accountants&#8217; consents in connection with the use of the Education Group&#8217;s financial statements in offering documents, prospectuses, Current Reports on Form 8-K and </FONT></H4>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(v)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">using reasonable best efforts to assist Purchaser in connection with the preparation of pro forma financial information and financial statements to the extent required by SEC rules and regulations or necessary or reasonably required by Purchaser&#8217;s financing sources (including the Debt Financing Sources) to be included in any offering documents; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that neither Sellers nor any of their Subsidiaries or Representatives shall be responsible in any manner for information relating to the proposed debt and equity capitalization that is required for such pro forma financial information; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">using reasonable best efforts to provide (x) monthly financial reports consistent with Sellers&#8217; past practice, (y) within forty-five (45) days of the end of each of the first three fiscal quarters of the fiscal year, quarterly financial statements which have been &#8220;reviewed&#8221; by auditors in accordance with Statements on Auditing Standards 100, and (z) within ninety (90) days of the end of each fiscal year, audited financial statements for such fiscal year; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(vii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">executing and delivering as of (but not before) the Closing any pledge and security documents, other definitive financing documents, or other certificates, customary (e.g., local counsel) legal opinions or documents as may be reasonably requested by Purchaser (including a certificate of the chief financial officer of the Education Group with respect to solvency matters in the form set forth as an annex to the Debt Commitment Letters) and otherwise facilitating the pledging of collateral (including (x)&nbsp;cooperation in connection with the pay-off of existing Indebtedness to the extent contemplated by this Agreement and the release of related Liens and termination of security interest and (y)&nbsp;cooperation in connection with Purchaser&#8217;s efforts to obtain environmental assessments and title insurance); </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(viii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">assisting Purchaser to obtain waivers, consents, estoppels and approvals from other parties to material leases, encumbrances and Contracts relating to the Education Group and to arrange discussions among Purchaser, the providers of the Equity Financing and the Debt Financing and their respective Representatives with other parties to material leases, encumbrances and Contracts as of the Closing; </FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ix)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">taking all reasonable actions necessary to (A)&nbsp;permit Purchaser&#8217;s financing sources (including the Debt Financing Sources) to evaluate the Education Group&#8217;s current assets, cash management and accounting systems, policies and procedures relating thereto for the purposes of establishing collateral arrangements as of the Closing and to assist with other collateral audits and due diligence examinations and (B)&nbsp;establish bank and other accounts and blocked account agreements and lock box arrangements to the extent necessary in connection with the Debt Financing;</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(x)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">taking all corporate actions, subject to the occurrence of the Closing, reasonably requested by Purchaser that are necessary or customary to permit the consummation of the Debt Financing, including any high yield financing, and to permit the proceeds thereof, together with the cash at the Education Group, if any (not needed for other purposes), to be made available on the Closing Date to consummate the transactions contemplated by this Agreement;</FONT></H4>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xi)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">providing at least five (5) Business Days prior to the Closing Date all documentation and other information about the Education Group as is required by applicable &#8220;know your customer&#8221; and anti-money laundering rules and regulations including the USA PATRIOT Act to the extent requested at least eight (8) Business Days prior to the anticipated Closing Date; and</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(xii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">using reasonable best efforts to assist Purchaser in the implementation of the corporate restructuring of the Education Group in accordance with the Debt Financing (for the avoidance of doubt, such restructuring to be effective only upon the Closing); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that, anything to the contrary in this Agreement notwithstanding, Purchaser shall indemnify, defend and hold harmless, to the fullest extent permitted by law, the Sellers Indemnified Parties from and against any and all Losses or Taxes incurred or suffered by any of Sellers Indemnified Parties to the extent based upon, arising by reason of or resulting from any actions or omissions to act in respect of such corporate restructuring, in each case to the extent such Losses or Taxes would not have been incurred or suffered by the Seller Indemnified Parties as a result of the consummation of the Plan of Reorganization or otherwise by the transactions contemplated by this Agreement (other than this clause (xii)).</FONT></H4>

<H3 style="TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that neither Sellers nor any of their Affiliates shall be required to pay any commitment or other similar fee or incur any other Liability, in each case, in connection with the Financing (in the case of the Education Group, prior to the Closing); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the effectiveness of any documentation executed by any Seller with respect thereto, and the attachment of any lien, shall be subject to the consummation of the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, no director or officer of any Seller or any Subsidiary of Seller shall be required to execute any agreement, certificate, document or instrument with respect to the Financing that would be effective prior to the Closing.</FONT></H3>

<H3 style="TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchaser shall promptly, upon request by Sellers, reimburse Sellers for all reasonable documented out-of-pocket costs or expenses incurred by Sellers, any of their Affiliates, Subsidiaries and their respective Representatives in complying with their respective covenants pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.14(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; Further, Purchaser shall indemnify and hold harmless Sellers, their Subsidiaries and its and their respective Representatives from and against any and all losses, damages, claims, costs or expenses suffered or incurred by any of them in connection with the Financing or any alternative financing and any information utilized in connection </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">therewith (other than any information provided in writing by or on behalf of Sellers or any of their Subsidiaries specifically for use in connection with the Financing),</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in each case other than to the extent any of the foregoing arises from the bad faith, gross negligence or willful misconduct of, or breach of this Agreement by, Sellers or any of their Subsidiaries or their respective Affiliates and Representatives.&nbsp; Any information provided to Purchaser pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall be subject to the Confidentiality Agreement and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers hereby consent to the use of the logos of the Education Group solely in connection with the Financing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that such logos are used solely in a manner that is not intended to or reasonably likely to harm or disparage Sellers or Sellers&#8217; reputation or goodwill and will comply with Parent&#8217;s usage requirements to the extent made available to Purchaser prior to the date of this Agreement.</FONT></H3>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(f)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers shall, and shall cause their Subsidiaries to, use reasonable best efforts to periodically update any Required Information provided to Purchaser as may be necessary so that such Required Information is (i)&nbsp;Compliant, (ii)&nbsp;meets the applicable requirements set forth in the definition of &#8220;Required Information&#8221; and (iii)&nbsp;would not, after giving effect to such update(s), result in the Marketing Period to cease to be deemed to have commenced.&nbsp; For the avoidance of doubt, Purchaser may, to most effectively access the financing markets, require the cooperation of Sellers and their Subsidiaries under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> at any time, and from time to time and on multiple occasions, between the date hereof and the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that, for the avoidance of doubt, the Marketing Period shall not be applicable as to each attempt to access the markets.&nbsp; Sellers shall timely file SEC documents and other materials with the SEC to the extent required by the SEC in accordance with Law to the extent such SEC documents relate specifically to the Education Group.&nbsp; In addition, if, in connection with a marketing effort contemplated by the Debt Commitment Letters, Purchaser reasonably requests Sellers to file a Current Report on Form 8-K pursuant to the Exchange Act that contains material non-public information with respect to the Education Group, which Purchaser reasonably determines to include in a customary offering memorandum for the Debt Financing, then Sellers shall file a Current Report on Form 8-K containing such material non-public information.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(g)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Prior to the Closing, Sellers shall, and shall cause their Subsidiaries to, use their reasonable best efforts to cause their independent auditors to provide, consistent with customary practice, (A)&nbsp;consent to SEC filings and offering memoranda that include or incorporate the Education Group&#8217;s consolidated financial information and their reports thereon, in each case, to the extent such consent is required, customary auditors reports and customary comfort letters (including &#8220;</FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">negative assurance</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221; comfort) with respect to financial information relating to the Education Group, (B)&nbsp;reasonable assistance in the preparation of pro forma financial statements by Purchaser and (C)&nbsp;reasonable assistance and cooperation to Purchaser, including attending accounting due diligence sessions.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(h)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding anything in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;2.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to the contrary, if the Marketing Period has not ended at the time of the satisfaction or waiver of the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VIII</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, notwithstanding the satisfaction or waiver of such conditions, Purchaser shall not be required to effect the Closing until the earlier of (i)&nbsp;a date during the Marketing Period specified by Purchaser on not less than two (2)&nbsp;Business Days&#8217; notice to Sellers and (ii)&nbsp;the third (3rd) Business Day immediately following the final day of the Marketing Period (subject, in each case, to the satisfaction or waiver in writing of all of the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VIII</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> as of the date determined pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14(h)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">).&nbsp;</FONT></H3>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.15</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Shared Contracts</U>.&nbsp; </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Prior to or at the Closing, each Shared Contract shall be assigned (subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 5.5</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">), partitioned, retained or otherwise addressed as set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule V</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> hereto; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that, in no event shall any assignment be required with respect to any Shared Contract which is not assignable by its terms (it being understood, however, that: (i) each Party shall have used its commercially reasonable efforts to take, or cause to be taken, all actions and used its commercially reasonable efforts to do, or cause to have been done, and assisted and cooperated with the other Party in doing, all things reasonably necessary, proper or advisable to have obtained such assignment of any such Shared Contract, (ii) Parent shall consider in good faith all comments made by Purchaser on, and consult with Purchaser</FONT></P>

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<FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">prior to, making any material decision or taking any material action relating to any Shared Contracts set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule V</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">; and (iii) following the Closing, with respect to any Shared Contract which was intended to be, but has not been, so assigned Parent and Sellers shall, consistent with any contractual obligation or any applicable legal or fiduciary obligation under applicable Law, use reasonable best efforts to cooperate in a mutually agreeable arrangement under which Parent and Sellers, on the one hand, and Purchaser (or one or more of its Affiliates) on the other hand, would, in compliance with applicable Law, obtain the benefits and assume the obligations and bear the economic burdens under such Shared Contract.</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.16</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>McGraw-Hill Marks and Domain Names</U>.&nbsp; The Parties hereby agree that upon the Closing, all worldwide right, title, and interest of Sellers and/or their Affiliates, on the one hand, and Purchaser and/or its Affiliates (including the members of the Education Group), on the other hand, to own and/or use any McGraw-Hill Marks and Domain Names shall be governed by the terms and conditions set forth in the Trademark Coexistence Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that in those jurisdictions where the coexistence described in such Trademark Coexistence Agreement is either (i)&nbsp;prohibited under applicable Law or (ii)&nbsp;otherwise precluded or prevented for any reason (including, without limitation, a refusal by the applicable trademark office or similar Governmental Entity), in either case, Sellers and the relevant members of the Education Group shall enter into a trademark license agreement governing each party&#8217;s respective rights in such jurisdiction in a form that is mutually agreed upon by the parties thereto and pursuant to which Sellers grant a license to the members of the Education Group to use the applicable McGraw-Hill Marks and Domain Names in such jurisdiction.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>5.17</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Resignation</U>.&nbsp; Prior to the Closing, Sellers shall use their commercially reasonable efforts to cause to be delivered to Purchaser duly signed resignations, effective as of the Closing, of all limited liability company managers, corporate directors and officers of the Education Group set forth on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Schedule 5.17</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Purchaser Disclosure Schedule</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-CA face="Times New Roman">.&nbsp;</FONT></P>

<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VI</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>EMPLOYEE MATTERS COVENANTS</FONT></H1>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>6.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Treatment of Transferred Employees.</U></FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers shall (or shall cause their applicable Affiliates to) use their reasonable best efforts (subject to employee consent where required in any non-U.S. jurisdiction) to transfer at or prior to Closing the employment of each (i)&nbsp;Business Employee who is not employed by a member of the Education Group to a member of the Education Group, and (ii)&nbsp;employee who is not a Business Employee and who is employed by a member of the Education Group from such member of the Education Group to any Seller or any of its Affiliates (other than a member of the Education Group), as designated by Sellers; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, (x)&nbsp;in the case of any Business Employee located in a Deferred Closing Jurisdiction (each, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Deferred Transfer Employee</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) who is not employed by a member of the Education Group, Sellers shall (or shall cause their applicable Affiliates to) use their reasonable best efforts to transfer the employment of such Deferred Transfer Employee to a member of the Education Group or one of its Affiliates (and Purchaser shall cause such entity to employ such Deferred Transfer Employee in accordance with the terms of this <U>Article VI</U>) as of no later than the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">applicable Deferred Closing Date (subject to employee consent where required in any non-U.S. jurisdiction) and (y)&nbsp;in the case of any Business Employee who is on short-term disability leave, leave under the Family Medical Leave Act or other approved leave of absence as of the Closing (each such Business Employee, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Leave Employee</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), Purchaser shall cause the applicable member of the Education Group or one of its Affiliates to employ such Leave Employee in accordance with the terms of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article VI</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">) as of the date such Leave Employee returns to active employment (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Active Employment Date</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp; Any Business Employee who is an employee of a member of the Education Group as of the Closing shall be referred to as a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Transferred Employee</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;.&nbsp; Each Deferred Transfer Employee shall be considered a Transferred Employee effective as of the Closing Date, and each Leave Employee shall be considered a Transferred Employee effective as of the applicable Active Employment Date.&nbsp; With respect to each Leave Employee who becomes a Transferred Employee, any references to the termination of any employment-related obligations of Sellers and their Affiliates and the assumption or commencement of employment-related obligations by Purchaser and its Affiliates as of the Closing or Closing Date (as applicable) will be deemed to apply instead as of the applicable Active Employment Date.&nbsp; From and after the Closing, Purchaser assumes any Liabilities arising out of the employment or termination of employment of any Transferred Employee.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">From and after the Closing, the Transferred Companies or one of their Affiliates shall, and Purchaser shall cause the Transferred Companies or one of their Affiliates to, honor all Business Employee Plans and all Non-U.S. Business Employee Plans in accordance with their terms as in effect immediately before the Closing, subject to any amendment or termination thereof that is permitted by such Business Employee Plan or Non-U.S. Business Employee Plan, as applicable, or to comply with applicable Law.&nbsp; For a period of one year following the Closing (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Benefits Continuation Period</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), Purchaser shall provide, or shall cause to be provided, to each Transferred Employee (i)&nbsp;base compensation and cash bonus opportunities that, in each case, are no less favorable than were provided to the Transferred Employee immediately before Closing and (ii)&nbsp;all other compensation and benefits (other than any (A)&nbsp;equity or equity-based compensation (including the 2012 Cash Performance Awards), (B) defined benefit pension, (C)&nbsp;retiree medical or (D)&nbsp;change-in-control or sale compensation or enhanced benefit) that are substantially comparable in the aggregate to those provided to the Transferred Employee immediately before the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that, subject to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 6.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of this Agreement and applicable Law, nothing herein shall preclude Purchaser, the Transferred Companies or their respective Affiliates from terminating the employment of any Transferred Employee, nor shall limit Purchaser&#8217;s, the Transferred Companies&#8217; or their respective Affiliates&#8217; ability to modify compensation or benefits (other than health and welfare benefits during 2013 and severance benefits) because of or in response to performance issues with particular employees, groups of employees or business units or in connection with business optimization plans or initiatives; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that a Transferred Employee&#8217;s wages or salary may be decreased during the Benefits Continuation Period solely due to such Transferred Employee&#8217;s individual performance.&nbsp; </FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding any other provision of this Agreement to the contrary, Purchaser shall, or shall cause the Transferred Companies or one of their Affiliates to, provide to each Transferred Employee whose employment is terminated, or who receives or gives notice of termination during the one-year period following the Closing severance benefits equal to the greater of (i)&nbsp;the severance benefits for which such Transferred Employee was eligible under the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">applicable severance arrangements of Sellers and their Affiliates as of immediately prior to Closing (without taking into account any reduction after the Closing in compensation paid to such Transferred Employee), and (ii)&nbsp;the severance benefits provided for under the severance arrangements of Purchaser and its Subsidiaries, assuming in each case that such termination qualified the Transferred Employee to such benefit; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that with respect to any Transferred Employee whose employment is terminated or who receives or gives notice of termination during the six-month period following the Closing under circumstances that would have entitled the Transferred Employee to enhanced severance during 2012 under the severance arrangement of Sellers and their Affiliates applicable to such Transferred Employee, for purposes of clause (i)&nbsp;of this sentence, the level of severance for which such Transferred Employee is eligible as of immediately prior to Closing shall be deemed to be no less than any enhanced severance that would have been payable upon such termination of employment during 2012 under the severance arrangements of Sellers and their Affiliates set forth on </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 6.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule.&nbsp; For the avoidance of doubt, in addition to any other rights under the applicable severance arrangement, with respect to any Transferred Employee, in the event that during the six-month period following Closing, Purchaser or any of its Affiliates (A) reduces such Transferred Employee&#8217;s base compensation by 10% or more or (B) relocates the principal location of employment of such Transferred Employee by more than 50 miles, then, if such Transferred Employee provides notice to Purchaser within 30 days of the occurrence of an event described in clauses (A) and (B) and Purchaser fails to cure such event within 30 days of such notice (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Cure Period</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), such Transferred Employee may terminate employment within 60 days following the Cure Period and will be entitled to severance in accordance with the first sentence of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 6.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">For all purposes (including purposes of vesting, eligibility to participate and level of benefits) under the employee benefit plans of Purchaser and its Subsidiaries providing benefits to any Transferred Employees after the Closing, (other than any (i)&nbsp;equity compensation, (ii)&nbsp;defined benefit pension plan or (iii)&nbsp;retiree medical plan), including the Business Employee Plans and the Non-U.S. Business Employee Plans (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">New Plans</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), each Transferred Employee shall be credited with his or her years of service with Sellers and their Subsidiaries and their respective predecessors before the Closing, to the same extent as such Transferred Employee was entitled, before the Closing, to credit for such service under any similar Benefit Plan in which such Transferred Employee participated or was eligible to participate immediately prior to the Closing, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that the foregoing shall not apply to the extent that its application would result in a duplication of benefits.&nbsp; In addition, and without limiting the generality of the foregoing, Purchaser shall use its commercially reasonable efforts to cause (i)&nbsp;each Transferred Employee to be immediately eligible to participate, without any waiting time, in any and all New Plans to the extent coverage under such New Plan is comparable to a Benefit Plan in which such Transferred Employee participated immediately before the Closing (such plans, collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Old Plans</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), and (ii)&nbsp;for purposes of each New Plan providing medical, dental, pharmaceutical and/or vision benefits to any Transferred Employee, all pre-existing condition exclusions and actively-at-work requirements of such New Plan to be waived for such employee and his or her covered dependents, unless such conditions would not have been waived under the comparable plans of Sellers or its Subsidiaries in which such employee participated immediately prior to the Closing, and Purchaser shall cause any eligible expenses incurred by such employee and his or her covered dependents during the portion of the plan year of the Old Plans ending on the date such employee&#8217;s participation in the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">corresponding New Plan begins to be taken into account under such New Plan for purposes of satisfying all deductible, coinsurance and maximum out-of-pocket requirements applicable to such employee and his or her covered dependents for the applicable plan year as if such amounts had been paid in accordance with such New Plan.</FONT></P></DIV><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P></P><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>WARN and Corresponding State Laws</U>.&nbsp; (a) Sellers shall provide to Purchaser no later than five (5) Business Days following the Closing a true and complete list of any and all employment losses (within the meaning of the WARN Act) incurred at any member of the Education Group during the ninety (90) day period prior to Closing, (b)&nbsp;Sellers and their Affiliates shall retain and be solely responsible for any Liability under WARN incurred prior to the Closing Date as a result of the actions of Sellers or their Affiliates or the failure of Sellers or their Affiliates to serve sufficient notice pursuant to WARN, and (c)&nbsp;subject to the truth and accuracy of the information provided to the Purchaser pursuant to subsection (a) hereof, Purchaser shall assume and be solely responsible for any Liability under WARN on or after the Closing Date as a result of actions by Purchaser and its Affiliates or the failure of Purchaser or its Affiliates to serve sufficient notice pursuant to WARN.</FONT><BR><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Transfer of Business Employee Plans and Non-US Business Employee Plans</U>.&nbsp; At or prior to the Closing, Sellers shall (or shall cause their applicable Affiliates to) transfer any Business Employee Plan (and any corresponding Assets and Liabilities) and any Non-U.S. Business Employee Plan (and any corresponding Assets and Liabilities) that is not sponsored or maintained by a member of the Education Group to a member of the Education Group and on and after the Closing, Purchaser shall and shall cause the applicable member(s) of the Education Group to assume and discharge all Liabilities with respect to the Business Employee Plans and the Non-U.S. Business Employee Plans (in each case whether incurred prior to, on or after the Closing Date), and such applicable member(s) of the Education Group shall solely be entitled to the rights of a sponsor and administrator under the Business Employee Plans and the Non-U.S. Business Employee Plans; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that all Liabilities in respect of the CEO RSU Award shall remain Liabilities of Sellers and their applicable Affiliates.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Unused Vacation, Sick Leave and Personal Time</U>.&nbsp; Purchaser shall honor all unused vacation, sick leave and other personal time off (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Transferred Leave</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) of each Transferred Employee, either by allowing such Transferred Employee to use such accrued vacation or by cashing out such accrued vacation subject to applicable Law, at Purchaser&#8217;s discretion. &nbsp;Following Closing, the Transferred Employees shall be subject to, and commence to accrue benefits under, the vacation, sick leave and other personal time off policies of Purchaser applicable to the respective Transferred Employee, consistent with </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;6.1</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, subject to the protections regarding Transferred Leave described in the immediately preceding sentence.</FONT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Workers' Compensation</U>.&nbsp; With respect to any Transferred Employee, (a)&nbsp;Sellers and their Affiliates shall be solely responsible for workers&#8217; compensation claims or, with respect to jurisdictions outside the United States or Puerto Rico, employers&#8217; liability insurance claims, by or with respect to any Transferred Employee that are incurred prior to the Closing Date, and (b)&nbsp;Purchaser and its Affiliates shall be solely responsible for workers&#8217; compensation claims or, with respect to jurisdictions outside the United States or Puerto Rico, employers&#8217; liability insurance claims, by or with respect to any Transferred Employee that are incurred on or after the Closing Date.&nbsp; For purposes of this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;6.5</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, a workers&#8217; compensation claim or, with </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">respect to jurisdictions outside the United States or Puerto Rico, employers&#8217; liability insurance claims, shall be considered incurred prior to the Closing Date if the injury or condition giving rise to the claim occurs prior to the Closing Date.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Defined Contribution Pension Plan</U>.&nbsp; With respect to the 401(k) Savings and Profit Sharing Plan of The McGraw-Hill Companies, Inc. and its Subsidiaries (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent Savings Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), Parent shall (a)&nbsp;make all required contributions that relate to periods (whether or not full payroll periods) ending on or prior to the Closing Date, (b)&nbsp;cease all contributions on behalf of the Transferred Employees with respect to periods after the Closing Date and (c)&nbsp;on a date mutually agreed between Parent and Purchaser (and in no event later than 120 days after the Closing Date, provided that such time period shall be reasonably extended in the event that such transfer is not feasible within the original time period because of adverse market conditions or other unforeseen circumstances), direct the trustee of the Parent Savings Plan to transfer, in accordance with ERISA and the Code, to the trust corresponding to the defined contribution savings plan established for the benefit of the Transferred Employees (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Education Savings Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) Liability for the account balance (including loans) of each Transferred Employee who is a participant in the Parent Savings Plan (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Transferred Savings Plan Participants</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;), together with the corresponding assets, the value of which on such transfer date is equal to the Liability; it being understood that none of Purchaser, the Transferred Companies or any of their respective Affiliates nor the Education Savings Plan shall assume any Liabilities or expenses arising under or relating to the Parent Savings Plan other than the obligation to distribute the transferred account balances in accordance with the Education Savings Plan and applicable Law, which obligation Purchaser hereby expressly assumes.&nbsp; All transfers from the Parent Savings Plan to the Education Savings Plan may be made in installments as mutually agreed by the Parent and Purchaser.&nbsp; All transfers from the Parent Savings Plan to the Education Savings Plan shall, except as Parent and Purchaser mutually agree, be in the form of in kind transfers of assets except where the Education Savings Plan does not have identical investments available or the investment fund does not permit in-kind asset transfers, in which case the transfers of assets will be made in the form of cash.&nbsp; Purchaser shall permit, and shall cause the Education Savings Plan to permit, the transferred account balances of Transferred Savings Plan Participants to include any common stock of Parent that is held in such accounts immediately before such transfer, and to retain such common stock in their accounts under the Education Savings Plan until at least the first anniversary of the Closing Date; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that Parent shall not permit, and shall cause the Parent Savings Plan not to permit, Transferred Employees to elect to acquire any additional shares of such common stock in their accounts in the Parent Savings Plan after the Closing Date.&nbsp; Each Transferred Employee who participates in the Parent Savings Plan as of immediately prior to the Closing shall remain an inactive participant in the Parent Savings Plan until the trust-to-trust transfer contemplated by this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;6.6</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> is completed, and during such time, the account balance for such Transferred Employee shall be credited with applicable earnings or debited with applicable losses and such Transferred Employee shall have the right to withdraw any portion of his or her account balance in accordance with the terms of the Parent Savings Plan.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>2012 Cash Performance Awards</U>. Effective as of the Closing Date, Purchaser shall assume the long-term cash incentive awards described on </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;6.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> of the Seller Disclosure Schedule granted by Parent to Transferred Employees in 2012 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">2012 Cash Performance Awards</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and Purchaser shall satisfy the Liabilities thereunder in accordance with the terms of the 2012 Cash Performance Awards.&nbsp; For the avoidance of doubt, (a) the satisfaction of the </FONT></P>

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<a name="_bclHeader75"></a><P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">performance-based vesting conditions of the 2012 Cash Performance Awards shall be based on actual performance of Parent in accordance with the terms of the 2012 Cash Performance Awards, (b) the 2012 Cash Performance Awards will be settled in cash only to the extent the service-based vesting conditions thereof have been satisfied or as otherwise required by the terms of the awards, (c) following Closing, Purchaser or the applicable member(s) of the Education Group shall solely be entitled to the rights of a sponsor and administrator under the 2012 Cash Performance Awards and (d) any notices sent to holders of the 2012 Cash Performance Awards by Parent or its Affiliates regarding such awards shall be subject to the reasonable review, comment and approval of Purchaser. </FONT></P>

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<a name="_bclHeader75"></a><P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>2012 Annual Bonus Awards</U>.&nbsp; </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">On or after January 1, 2013, Parent shall have the right to pay to the Business Employees who participate in an annual bonus or incentive plan of Parent or any of its Affiliates in respect of calendar year 2012 (which, for the avoidance of doubt, does not include any Business Employee Plan), such Business Employee&#8217;s 2012 annual </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">bonuses based on actual performance levels as determined in accordance with the terms of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Parent&#8217;s annual bonus plans in effect on the date of this Agreement. If Parent has not paid to the </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Business Employees the annual bonuses contemplated by the immediately preceding sentence </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">prior to Closing, then, no later than March 15, 2013, Purchaser shall cause to be paid to the </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Transferred Employees who participate in an annual bonus or incentive plan of Parent or any of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">its Affiliates in respect of calendar year 2012, such Transferred Employees&#8217; 2012 annual </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">bonuses based on actual performance levels as determined in accordance with the terms of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Parent&#8217;s annual bonus plans in effect on the date of this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">, that the </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Chief Executive Officer of MH Education as of the date of this Agreement or his designee shall </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">have the right to approve the allocation of the 2012 bonus pool among such Transferred Employees, subject to the prior good faith consultation with the post-Closing Board of Directors </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">of MH Education or its duly designated committee.</FONT></P>

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<a name="_bclHeader75"></a><DIV><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Treatment of Parent Equity Awards</U>.&nbsp; Effective upon the Closing, Parent shall cause (a) any unvested restricted shares of Parent common stock (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent Restricted Shares</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and any unvested options to purchase shares of Parent common stock (&#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent Options</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) held by any Transferred Employee immediately prior to Closing to become fully vested, (b) all Parent Options held by Transferred Employees immediately prior to Closing to remain exercisable until the earlier of (i) the one year anniversary of Closing (or such longer period approved by Parent), and (ii) the expiration of the original term of such option, (c) all units with respect to shares of Parent common stock that are held by Transferred Employees immediately prior to Closing (other than the CEO RSU Award) (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent RSU Awards</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) to become vested as of the Closing and payable in accordance with their original payment schedule and (d) Parent and its Affiliates to assume the CEO RSU Award and to satisfy the Liabilities thereunder in accordance with the terms thereof.&nbsp; For the avoidance of doubt, Retained Employee Liabilities include all Liabilities with respect to the Parent Restricted Shares, the Parent Options and the Parent RSUs. Purchaser and Sellers agree that the term &#8220;Parent RSUs&#8221; does not include the 2012 Cash Performance Awards.</FONT></DIV>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>6.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Withdrawal from Benefit Plans</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Effective immediately prior to the Closing (or effective as of the applicable date set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 6.6</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">), Sellers shall cause the Transferred Companies&#8217; </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">withdrawal from participation in all Benefit Plans, other than the Business Employee Plans and the Non-U.S. Business Employee Plans, to the extent any additional action is needed, in each case, without resulting in any actual or contingent liability to the Transferred Companies, Purchaser or their respective Affiliates.&nbsp; For the avoidance of doubt, all Retained Employee Liabilities shall be retained by Sellers and its Affiliates.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Effective as of the Closing Date, Sellers shall, or shall cause, each Transferred Employee who was participating immediately prior to the Closing Date in the Parent Savings Plan or the Employee Retirement Plan of The McGraw-Hill Companies, Inc. and its Subsidiaries to be fully vested in his or her account and benefit as accrued as of the Closing Date, if and to the extent not yet fully vested; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that in no event shall the Transferred Employee receive any additional service credit for purposes of these plans.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">With respect to each Transferred Employee who, as of the Closing, is a participant in the Employee Retirement Plan of The McGraw-Hill Companies, Inc. and its Subsidiaries, and has, as of the Closing Date, the requisite number of years of service with Sellers and its Affiliates to be eligible for &#8220;early retirement&#8221; vesting under such defined benefit plan, Sellers and its Affiliates shall cause the Transferred Employee to be deemed eligible for &#8220;early retirement&#8221; vesting under such defined benefit plan (including the applicable actuarial factors for such early retirement). </FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall cause its United States post-retirement medical plans and arrangements to provide post-retirement medical benefits to each Transferred Employee who (i) satisfies the eligibility criteria to receive benefits under such post-retirement medical plan or arrangement as of the Closing and (ii) elects such coverage in accordance with applicable plan terms; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that if Parent discontinues its post-retirement medical plans and arrangements for similarly situated employees of Sellers and their Affiliates, then the Transferred Employees shall be treated the same as such employees.</FONT></H3>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.11</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Supplemental 401(k) Plan</U>. Prior to the Closing, Sellers shall cause a member of the Education Group to establish a nonqualified supplemental 401(k) plan (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MHE Supplemental 401(k) Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) that is substantially identical to Parent&#8217;s 401(k) Savings and Profit Sharing Supplement Plan then in effect (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent Supplemental 401(k) Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and Sellers shall cause the transfer from the Parent Supplemental 401(k) Plan to the MHE Supplemental 401(k) Plan of all outstanding obligations with respect to each Transferred Employee.&nbsp; From and after the Closing, (a) Purchaser shall cause the applicable member of the Education Group to retain the Liabilities for all benefits under the MHE Supplemental 401(k) Plan with respect to Transferred Employees and (b) Purchaser shall cause the applicable member of the Education Group to pay all such benefits under the MHE Supplemental 401(k) Plan in accordance with its terms.&nbsp; For the avoidance of doubt, none of Purchaser, the Transferred Companies or any of their respective Affiliates, nor the MHE Supplemental 401(k) Plan shall assume any Liabilities or expenses arising under or relating to the Parent Supplemental 401(k) Plan other than the obligation to distribute the account balances (and any earnings thereon through the date of distribution) in accordance with the MHE Supplemental 401(k) Plan and applicable Law.&nbsp; Purchaser agrees that it will provide for earnings on account balances under the MHE Supplemental 401(k) Plan on a basis that is substantially as favorable to Transferred Employees as the earnings alternative available to participants in the Parent Supplemental 401(k) Plan.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.12</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Deferred Compensation Plan</U>.&nbsp; Prior to the Closing, Sellers shall cause a member of the Education Group to establish a deferred compensation plan (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MHE DC Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) that is substantially identical to Parent&#8217;s Key Executive Short-Term Incentive Deferred Compensation Plan, as amended and restated as of January 1, 2008 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Parent DC Plan</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and Sellers shall cause the transfer from the Parent DC Plan to the MHE DC Plan of all outstanding obligations with respect to each Transferred Employee.&nbsp; From and after the Closing, (a) Purchaser shall cause the applicable member of the Education Group to retain the Liabilities for all benefits under the MHE DC Plan with respect to Transferred Employees and (b) Purchaser shall cause the applicable member of the Education Group to pay all such benefits under the MHE DC Plan in accordance with its terms.&nbsp; For the avoidance of doubt, none of Purchaser, the Transferred Companies or any of their respective Affiliates, nor the MHE DC Plan shall assume any Liabilities or expenses arising under or relating to the Parent DC Plan other than the obligation to distribute the account balances (and any earnings thereon through the date of distribution) in accordance with the MHE DC Plan and applicable Law.&nbsp; Purchaser agrees that it will provide for earnings on account balances under the MHE DC Plan on a basis that is substantially as favorable to Transferred Employees as the earnings alternative available to participants in the Parent DC Plan.</FONT></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"></FONT></U></H2><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.13</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Noticed Business Employees</U>.&nbsp; Within five Business Days following the date of this Agreement, Parent shall provide to Purchaser a list (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 6.13 List</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) that sets forth (a) each individual identified as a Business Employee as of the date of this Agreement who is based in the United States and who shall receive a notice of termination of employment from Sellers prior to the Closing Date pursuant to the restructuring contemplated by Parent as of the date of this Agreement (each such individual, a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Noticed Business Employee</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and (b) such Noticed Business Employee&#8217;s scheduled employment termination date.&nbsp; Notwithstanding anything to the contrary contained in this Agreement, Noticed Business Employees shall not constitute Business Employees for any purpose of this Agreement, and each Noticed Business Employee shall remain an employee of Sellers and their Affiliates (other than any member of the Education Group) through such Noticed Business Employee&#8217;s employment termination date.&nbsp; For the avoidance of doubt, Sellers and their Affiliates shall retain all Liabilities arising out of the employment or termination of employment of any Noticed Business Employee; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that Purchaser agrees to reimburse Parent promptly (and in no event later than ten Business Days following Purchaser&#8217;s receipt of an invoice therefor) for the base salary or base wages, as applicable, of any Noticed Business Employee for the period beginning on the first day after the Closing Date through and including the last day of employment for such Noticed Business Employee; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that the last day of employment for such Noticed Business Employee shall be the earlier of (x) the applicable employment termination date set forth on the Section 6.13 List or (y) such earlier date as may be determined by Purchaser or a member of the Education Group in its sole discretion after Closing, which earlier date pursuant to this clause (y) Purchaser agrees shall not be prior to the expiration of any notice period required by applicable Law.&nbsp; For the avoidance of doubt, any determination by Purchaser or a member of the Education Group to impose an earlier employment termination date that complies with the requirements of clause (y) of the preceding sentence shall not result in Purchaser or its Affiliates having any Liability with respect to any Noticed Business Employee beyond Purchaser&#8217;s obligation to reimburse Parent for base salary or base wages pursuant to the preceding sentence.&nbsp; The number of Noticed Business Employees shall not exceed 425. </FONT>

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<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>6.14</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>No Third-Party Beneficiaries</U>.&nbsp; This Agreement is solely for the benefit of the Parties and is not intended to confer upon any other Persons (including any current or former employee of Sellers, Purchaser, the Transferred Companies or any of their respective Affiliates) any rights or remedies hereunder, including any right to employment or continued employment for any specified period or continued participation in any Business Employee Plan, Non-U.S. Business Employee Plan or other Benefit Plan, or any nature or kind whatsoever under or by reason of this Agreement.&nbsp; Except as expressly provided in this Agreement, nothing in this Agreement shall preclude Sellers or any of their Affiliates, at any time after the Closing, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any Benefit Plan, any benefit under any Benefit Plan or any trust, insurance policy or funding vehicle related to any Benefit Plan.&nbsp; Except as expressly provided in this Agreement, nothing in this Agreement shall preclude Purchaser or any of its Affiliates, at any time after the Closing, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any Business Employee Plan, any benefit under any Business Employee Plan or Non-U.S. Business Employee Plan or any trust, insurance policy or funding vehicle related to any Business Employee Plan or Non-U.S. Business Employee Plan.</FONT></P>

<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VII</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>TAX MATTERS</FONT></H1>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>7.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Section&nbsp;338 Elections</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent and Purchaser shall, or shall cause their relevant Affiliates to, jointly make a timely and irrevocable election under Section&nbsp;338(h)(10) of the Code (and any corresponding elections under any applicable state or local Tax Law) with respect to the acquisition of the Section&nbsp;338(h)(10) Subsidiaries (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;338(h)(10) Elections</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent and Purchaser shall cooperate in the preparation of all forms, attachments and schedules necessary to effectuate the Section&nbsp;338(h)(10) Elections, including IRS Forms 8023 and 8883 and any similar forms under applicable state and local income Tax Laws (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;338(h)(10) Forms</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) in a manner consistent with the Allocation.&nbsp; Parent and Purchaser shall, or shall cause their relevant Affiliates to, timely file such Section&nbsp;338(h)(10) Forms with the applicable taxing authorities.&nbsp; Parent and Purchaser agree that neither of them shall, or shall permit any of their Affiliates to, revoke the Section&nbsp;338(h)(10) Elections following the filing of the Section&nbsp;338(h)(10) Forms without the prior written consent of Purchaser or Parent, as the case may be.&nbsp; Parent and Purchaser shall and shall cause their Affiliates to (i)&nbsp;file all Tax Returns in a manner consistent with the Section&nbsp;338(h)(10) Elections, the Section&nbsp;338(h)(10) Forms and the Allocation and (ii)&nbsp;take no position contrary thereto in connection with any Tax Proceeding or otherwise.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each of Parent and Purchaser shall deliver to the other Party at Closing one or more duly executed IRS Forms 8023 that reflect the Section&nbsp;338(h)(10) Elections.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">At its discretion, Purchaser may make, and may cause its relevant Affiliates (including the members of the Education Group) to make an election under </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;338(g) of the Code with respect to the acquisition of the members of the Education Group that are set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.1(d)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule.&nbsp; For the absence of doubt, Purchaser shall not make, and shall cause its Affiliates (including the members of the Education Group) not to make, any election under Section&nbsp;338 of the Code (or any similar election under state, local or foreign Law) with respect to the acquisition of any member of the Education Group except (x)&nbsp;the Section&nbsp;338(h)(10) Subsidiaries or (y)&nbsp;pursuant to the first sentence of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.1(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Indemnification by Parent</U>.&nbsp; Effective as of and after the Closing Date, Parent shall pay or cause to be paid, and shall indemnify Purchaser and its Affiliates (including the members of the Education Group after the Closing Date) (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Purchaser Tax Indemnified Parties</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and hold each Purchaser Tax Indemnified Party harmless from and against, without duplication, (i)&nbsp;any Income Taxes reportable on a Tax Return of a member of the Parent Group; (ii)&nbsp;(A) the applicable Proportionate Equity Share of any Taxes imposed on any member of the Education Group for any Pre-Closing Period </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">and (B) any Taxes imposed on&nbsp; the Business or the Shares (other than, for the absence of doubt any Taxes imposed on any member of the Education Group)</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;for any Pre-Closing Period; (iii) any Taxes for a Post-Closing Period resulting from and that would not have arisen but for any amounts required to be included in income by Purchaser or any of its Affiliates under Section 951 of the Code attributable (determined on the basis of an interim closing of the books as of the Closing Date) to a Pre-Closing Period of a Foreign Non-338 Target Corporation or a Non-QSP Target Corporation (calculated on a &#8220;with and without&#8221; basis and taking into account, without limitation, any foreign Tax credits under Section 960 of the Code); (iv) any Taxes of any member of the Parent Group for which any member of the Education Group is liable solely as a result of Treasury Regulation Section&nbsp;1.1502-6 (or any similar provision of applicable state, local or foreign Law); (v)</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> any Taxes arising out of any breach of or inaccuracy in any of the representations and warranties set forth in </FONT></FONT><FONT style="DISPLAY: none"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.13(h)</FONT></U></FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> or </FONT></FONT><FONT style="DISPLAY: none"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(k)</FONT></U></FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">; </FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(vi) any Taxes arising out of or relating to any breach by Sellers of any covenant or agreement of Sellers contained in this Agreement; (vii)&nbsp;any Taxes imposed on the transaction steps set forth in the Plan of Reorganization (including Taxes imposed on such steps as a result of the sale of Shares or the transfer to Sellers of the Delayed Reversion Entity pursuant to this Agreement); and (viii)&nbsp;reasonable out-of-pocket fees and expenses attributable to any item described in clauses&nbsp;(i)&nbsp;to (vii)&nbsp;(but not, for the absence of doubt, fees or expenses incurred in preparing any Tax Return); </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that Sellers shall not be required to pay or cause to be paid, or to indemnify or hold harmless Purchaser Indemnified Tax Parties from and against any Taxes (A)&nbsp;for which Purchaser is responsible pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;7.3</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, (B)&nbsp;previously included in the calculation of the Adjustment Amount on the Final Post-Closing Adjustment Statement, (C) imposed on or with respect to the relevant member of the Education Group or for which such member is liable in excess of the applicable Proportionate Equity Share of such Taxes imposed on such member of the Education Group or for which such member is liable or (D) arising from deferred revenue or prepaid subscription income, if any, that Purchaser, any of its Affiliates or any member of the Education Group is required to include in income on the Closing Date or in a Post-Closing Period.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Indemnification by Purchaser</U>.&nbsp; Effective as of and after the Closing Date, Purchaser and the members of the Education Group shall pay or cause to be paid, and shall jointly and severally indemnify the Parent Group (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Seller Tax Indemnified Parties</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8221;) and hold each Seller Tax Indemnified Party harmless from and against, without </FONT></P>

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<a name="_bclHeader80"></a><P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">duplication, (i)&nbsp;any Taxes imposed on or with respect to any member of the Education Group, the Business or the Shares for any Post-Closing Period&nbsp; (except to the extent that Parent is liable for such amounts pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 7.2(iii)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (relating to Section 951 of the Code), </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">7.2(v)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (relating to breaches of specified representations) and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">7.2(vii)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (relating to the steps in the Plan of Reorganization) above); (ii) any Taxes arising out of any breach of or inaccuracy in any of the representations and warranties set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 4.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">; (iii) any Taxes resulting from and that would not have arisen but for any amounts required to be included in income by any member of the Parent Group under Section 951 of the Code attributable (determined on the basis of an interim closing of the books as of the Closing Date) to a Post-Closing Period of a Non-QSP Target Corporation (calculated on a &#8220;with and without&#8221; basis and taking into account, without limitation, any related foreign Tax credits under Section 960 of the Code); (iv) any Taxes arising from any action or transaction by Purchaser or any member of the Education Group outside the ordinary course of business on the Closing Date after the Closing, (v) any Taxes arising out of or relating to any breach of any covenant or agreement of Purchaser contained in this Agreement; (vi)&nbsp;any Taxes for which Purchaser is responsible under </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 7.13</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, and (vii)&nbsp;any reasonable out-of-pocket fees and expenses attributable to any item described in clauses&nbsp;(i)&nbsp;to (vi)&nbsp;(but not, for the absence of doubt, fees or expenses incurred in preparing any Tax Return).</FONT></P>

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<a name="_bclHeader80"></a><DIV><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Straddle Periods</U>.&nbsp; To the extent permitted or required by applicable Law, the taxable year of each of the members of the Education Group that includes the Closing Date shall be treated as closing on (and including) the Closing Date.&nbsp; To the extent not permitted or required by applicable Law, for purposes of this Agreement, in the case of any Straddle Period, (i) Property Taxes of the members of the Education Group allocable to the Pre-Closing Period shall be equal to the amount of such Property Taxes for the entire Straddle Period multiplied by a fraction, the numerator of which is the number of calendar days during the Straddle Period that are in the Pre-Closing Period and the denominator of which is the number of calendar days in the entire Straddle Period, and (ii) Taxes (other than Property Taxes) of the members of the Education Group allocable to the Pre-Closing Period shall be computed as if such taxable period ended as of the end of the day on the Closing Date; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that, except as set forth in the following sentence, exemptions, allowances or deductions that are calculated on an annual basis (including, but not limited to, depreciation and amortization deductions) shall be allocated between the period ending on the Closing Date and the period beginning after the Closing Date in proportion to the number of days in each period.&nbsp; </FONT></DIV>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>7.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Returns</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall prepare (in the case of Tax Returns described in clause (ii) below, in a manner consistent with past practice (except as otherwise required by applicable Law)) and timely file or shall cause to be prepared and timely filed (i)&nbsp;any Tax Return of a member of the Parent Group or of a consolidated, combined or unitary group that includes any member of the Parent Group (or any Combined Tax Return) and (ii)&nbsp;any Tax Return (other than any Combined Tax Return) required to be filed by or with respect to any member of the Education Group for any taxable period ending on or before the Closing Date, and shall pay (or cause to be paid) any Taxes due in respect of such Tax Returns described in clauses (i) and (ii).&nbsp; Parent shall deliver to Purchaser a copy of any Tax Return described in clause (ii) above that is due after the Closing Date no later than twenty (20) days prior to the due date thereof (taking into account any extensions).&nbsp; Purchaser shall provide any comments to Parent within ten (10) days of </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">receipt of any such Tax Return described in clause (ii) above, such comments being limited to ensuring that such Tax Return is prepared in a manner consistent with past practice (except as otherwise required by applicable Law).&nbsp; If Purchaser disputes any item on such Tax Return as being prepared in a manner inconsistent with past practice (except as otherwise required by applicable Law),</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> it shall notify Parent of such disputed item (or items) and the basis for its objection.&nbsp; The parties shall act in good faith to resolve any such dispute prior to the due date for filing the relevant Tax Return (taking into account extensions).&nbsp; If the parties cannot resolve any such disputed item, the item in question shall be resolved by an independent accounting firm mutually acceptable to Parent and Purchaser in accordance with the terms of this Agreement.&nbsp; The fees and expenses of such accounting firm shall be borne equally by Parent and Purchaser.&nbsp; Purchaser shall not amend or revoke any Tax Return described in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.5(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (or any notification or election relating thereto) without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed).&nbsp; Purchaser shall promptly provide (or cause to be provided) to Parent any information reasonably requested by Parent to facilitate the preparation and filing of any Tax Returns described in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.5(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and Purchaser shall use commercially reasonable efforts to prepare (or cause to be prepared) such information in a manner and on a timeline reasonably requested by Parent, which information and timeline shall be reasonably consistent with the past practice of the relevant member of the Education Group.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except for any Tax Return required to be prepared by Parent pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.5(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, Purchaser shall prepare and timely file or cause to be prepared and timely filed all Tax Returns with respect to the members of the Education Group and shall pay (or cause to be paid) any Taxes due in respect of such Tax Returns (</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that Parent shall pay to Purchaser no later than five (5) Business Days prior to the due date for filing any such Tax Return (taking into account any extensions) the amount of any Taxes shown as due on such Tax Return for which Parent is responsible pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">).&nbsp; Parent shall promptly provide (or cause to be provided) to Purchaser any information reasonably requested by Purchaser to facilitate the preparation and filing of any Tax Returns described in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.5(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and Parent shall use commercially reasonable efforts to prepare (or cause to be prepared) such information in a manner and on a timeline reasonably requested by Purchaser, which information and timeline shall be reasonably consistent with the past practice of the relevant member of the Education Group.&nbsp; In the case of any Tax Return described in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.5(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that is for a Straddle Period (a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Straddle Period Return</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), Purchaser shall prepare or cause to be prepared such Straddle Period Return in a manner consistent with past practice of the relevant member of the Education Group, </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">except as otherwise required by applicable Law.&nbsp; Purchaser</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall deliver to Parent for its review, comment and approval (which approval shall not be unreasonably withheld, conditioned or delayed) a copy of any Straddle Period Returns at least twenty (20) days prior to the due date thereof (taking into account any extensions).&nbsp; Parent shall provide any comments to Purchaser within ten (10) days of receipt of any such Straddle Period Return.&nbsp; If Parent disputes any item on such Straddle Period Return, it shall notify Purchaser of such disputed item (or items) and the basis for its objection.&nbsp; The parties shall act in good faith to resolve any such dispute prior to the date for filing the relevant Straddle Period Return (taking into account extensions).&nbsp; If the parties cannot resolve any disputed item, the item in question shall be resolved by an independent accounting firm mutually acceptable to Parent and Purchaser in accordance with the terms of this Agreement.&nbsp; The fees and expenses of such accounting firm shall be borne equally by Parent and Purchaser.&nbsp; Purchaser shall not amend or revoke any such </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Straddle Period Return (or any notification or election relating thereto) without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed).</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding anything to the contrary in this Agreement, none of the Sellers shall be required to provide any Person with any Tax Return or copy of any Tax Return of (i)&nbsp;any member of the Parent Group or (ii)&nbsp;a consolidated, combined or unitary group that includes any member of the Parent Group (or any </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Combined Tax Return).</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>7.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Certain Tax Benefits, Refunds, Credits and Carrybacks</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If Purchaser or any of its Affiliates (including, after the Closing Date, the members of the Education Group) actually realizes a Tax Benefit (calculated on a &#8220;with and without basis&#8221;) as a result of any audit adjustment (or adjustment in any other Tax Proceeding) made with respect to any Tax Item by any taxing authority with respect to Taxes for which Parent is responsible under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, then, Purchaser shall pay to Parent the amount of such Tax Benefit within fifteen (15) days of filing the Tax Return in which such Tax Benefit is actually realized or utilized; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that Purchaser shall not be required to pay to Parent any amount under the above provisions of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.6(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in excess of the amount of the indemnity payment made by Parent to a Purchaser Tax Indemnified Party pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in respect of such audit adjustment (or adjustment in any such other Tax Proceeding).&nbsp; Purchaser shall, or shall cause the appropriate Affiliate to, claim any such Tax Benefit to which it may be entitled as a result of any such audit adjustment (or adjustment in any other Tax Proceeding).</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall be entitled to any Tax Benefit actually realized by Purchaser or any of its Affiliates (including, after the Closing Date, the members of the Education Group) (calculated on a &#8220;with and without basis&#8221;) as a result of any Tax Item arising in respect of any payment, loss, obligation or liability (i) for which Parent has indemnified a Purchaser Indemnified Party pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article VII</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article X</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, (provided, however, that Purchaser shall not be required to pay to Parent any amount pursuant to this clause (i) in excess of the amount of the indemnity payment made by Parent to a Purchaser Tax Indemnified Party pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article VII</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or to a Purchaser Indemnified Party pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article X</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in respect of such payment, loss, obligation or liability), (ii)&nbsp;that was included as a liability or other reduction in the calculation of the Adjustment Amount on the Final Post-Closing Adjustment Statement, (iii)&nbsp;with respect to any compensation actually paid or reimbursed by Parent, taken into account as a liability or other reduction in determining the Adjustment Amount or that relates to any equity awards issued or owed by Parent or any member of the Parent Group, or (iv)&nbsp;in respect of any costs or expenses relating to the transactions contemplated by this Agreement or the Ancillary Agreements actually paid or reimbursed by Parent or taken into account as a liability or other reduction in determining the Adjustment Amount, and Purchaser acknowledges and agrees that neither Purchaser nor any of its Affiliates (including, after the Closing Date, the members of the Education Group) shall claim any such Tax Item on any Tax Return for a Post-Closing Period; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that if any such Tax Item is not permitted by applicable Law to be claimed on a Tax Return for which Parent has filing responsibility pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.5(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and is permitted by applicable Law to be claimed on a Tax Return for which Purchaser has filing responsibility pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.5(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, then, Purchaser shall claim such Tax Item and pay to Parent the amount of any Tax Benefit resulting from such Tax Item (net of </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">all costs and expenses incurred by Purchaser as a result thereof).&nbsp; Parent shall repay to Purchaser the amount of any such Tax Benefit paid by Purchaser to Parent in the event that the Tax Item underlying such Tax Benefit is later disallowed.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall be entitled to (i)&nbsp;any refunds or credits of or against any Taxes for which Parent is responsible under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, and (ii)&nbsp;any refunds or credits to which Sellers are entitled under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.6(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, except (in the case of clause (i)) to extent </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">that the Tax Items underlying such refunds or credits were generated in a Post-Closing Period and carried back to the Pre-Closing Period or to the extent such refunds or credits were previously included in the calculation of Working Capital on the Final Post-Closing Adjustment Statement.&nbsp; Purchaser shall be entitled to any refunds or credits of any member of the Education Group of or against</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> any Taxes other than refunds or credits to which Parent is entitled pursuant to the foregoing sentence.&nbsp; Any refunds or credits of or against Taxes for any Straddle Period shall be equitably apportioned between Parent and Purchaser in accordance with the principles set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and the first sentence of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.6(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; Each Party shall pay, or cause its Affiliates to pay, to the Party entitled to a refund or credit of Taxes under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;7.6(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the amount of such refund or credit (including any interest paid thereon and net of any Taxes to the Party receiving such refund or credit in respect of the receipt or accrual of such refund or credit) in readily available funds within fifteen (15) days of the actual receipt of the refund or credit or the application of such refund or credit against amounts otherwise payable.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser shall cause the members of the Education Group to carry forward or carry back, where permitted by applicable Law, any item of loss, deduction or credit which arises in any taxable period ending after the Closing Date (a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Subsequent Loss</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) into any taxable period beginning after the Closing Date, if a carry back of such Subsequent Loss into any taxable period beginning before the Closing Date could relate to or affect any Tax for which Parent is responsible pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or otherwise.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>7.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Contests.</U></FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If any taxing authority asserts a Tax Claim, then the Party to this Agreement first receiving notice of such Tax Claim promptly shall provide written notice thereof to the other Party or Parties to this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the failure of such Party to give such prompt notice shall not relieve the other Party of any of its obligations under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, except to the extent that the other Party is prejudiced by such failure.&nbsp; Such notice shall specify in reasonable detail the basis for such Tax Claim and shall include a copy of the relevant portion of any correspondence received from the taxing authority.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall have the right to control any Tax Proceeding with respect to any member of the Education Group for any taxable period ending on or before the Closing Date, provided that Parent shall not settle, compromise or abandon any such Tax Proceeding without obtaining the prior written </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">consent of Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed,&nbsp; if such settlement, compromise or abandonment would bind&nbsp; a member of the Education Group for the Post-Closing Period.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">In the case of a Tax Proceeding of or with respect to any member of the Education Group for any Straddle Period, Purchaser shall have the right and obligation to </FONT></H3>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">79</FONT></P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">conduct, at its own expense, such Tax Proceeding.&nbsp; In such case, (i)&nbsp;Purchaser shall provide Parent with a timely and reasonably detailed account of each stage of such Tax Proceeding, (ii)&nbsp;Purchaser shall consult with Parent before taking any significant action in connection with such Tax Proceeding, (iii)&nbsp;Purchaser shall consult with Parent and offer Parent an opportunity to comment before submitting any written materials prepared or furnished in connection with such Tax Proceeding, (iv) Purchaser shall defend such Tax Proceeding diligently and in good faith as if it were the only party in interest in connection with such Tax Proceeding, (v) Purchaser shall be entitled, at its own expense, to participate in such Tax Proceeding and attend any meetings or conferences with the relevant taxing authority, and (vi)&nbsp;Purchaser shall not settle, compromise or abandon any such Tax Proceeding without obtaining the prior written consent of Parent, which consent shall not be unreasonably withheld, conditioned or delayed.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding anything to the contrary in this Agreement, Parent shall have the exclusive right to control in all respects, and neither Purchaser nor any of its Affiliates shall be entitled to participate in, any Tax Proceeding with respect to (i)&nbsp;any Tax Return of any member of the Parent Group or (ii)&nbsp;any Tax Return of a consolidated, combined or unitary group that includes any member of the Parent Group (or any Combined Tax Return); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that Parent shall not settle, compromise or abandon any Tax Proceeding with respect to any Tax Return described in clause (ii)&nbsp;above without obtaining the prior written consent of Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed, if such settlement, compromise or abandonment would bind a member of the Education Group for a Post-Closing Period.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>7.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Cooperation and Exchange of Information.</U></FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Not more than sixty (60) days after the receipt of a request from Parent, Purchaser shall, and shall cause its Affiliates to, provide to Parent a package of Tax information materials, including schedules and work papers, reasonably requested by Parent to enable Parent to prepare and file all Tax Returns required to be prepared and filed by it with respect to any member of the Education Group.&nbsp; Purchaser shall prepare such package&nbsp;completely and accurately, in good faith and in a manner reasonably consistent with past practice of Sellers and the relevant member of the Education Group.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each Party shall, and shall cause its Affiliates to, provide to the other Party to this Agreement such cooperation, documentation and information as either of them reasonably may request in (i)&nbsp;filing any Tax Return, amended Tax Return or claim for refund, (ii)&nbsp;determining a liability for Taxes or an indemnity obligation under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or a right to refund of Taxes, or (iii)&nbsp;conducting any Tax Proceeding.&nbsp; Such cooperation and information shall include providing necessary powers of attorney, copies of all relevant portions of relevant Tax Returns, together with all relevant portions of relevant accompanying schedules and relevant work papers, relevant documents relating to rulings or other determinations by taxing authorities and relevant records concerning the ownership and Tax basis of property and other information, which any such Party may possess.&nbsp; Each Party shall make its employees reasonably available on a mutually convenient basis at its cost to provide an explanation of any documents or information so provided.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each Party shall retain all Tax Returns, schedules and work papers, and all </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">material records and other documents relating to Tax matters, of the relevant entities for their respective Tax periods ending on or prior to the Closing Date until the later of (x)&nbsp;the expiration of the statute of limitations for the Tax periods to which the Tax Returns and other documents relate, or (y)&nbsp;eight (8) years following the due date (without extension) for such Tax Returns.&nbsp; Thereafter, the Party holding such Tax Returns or other documents may dispose of them after offering the other Party reasonable notice and opportunity to take possession of such Tax Returns and other documents at such other Party&#8217;s own expense.</FONT></P><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P style="MARGIN: 0in 0in 0pt"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Sharing Agreements</U>&nbsp; To the extent relating to the Education Group, Parent shall terminate or cause to be terminated, on or before the Closing Date, all Tax Sharing Agreements (other than this Agreement), if any, to which any member of the Education Group, on the one hand, and any member of the Parent Group or any other member of the Education Group, on the other hand, are parties, and no member of the Education Group shall have any rights or obligations under any such Tax Sharing Agreement after the Closing.</P></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">

<P style="MARGIN: 0in 0in 0pt"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Treatment of Payments</U>.&nbsp; Except to the extent otherwise required pursuant to a &#8220;determination&#8221; (within the meaning of Section&nbsp;1313(a) of the Code or any similar provision of state, local or foreign Law), Sellers and Purchaser shall (and shall cause their respective Affiliates to) treat any and all payments under this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 2.9</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;X&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> as an adjustment to the purchase price for Tax purposes.</FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.11</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Certain Tax Elections</U>.&nbsp; Except for the Section 338 elections required or permitted pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;7.1(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;7.1(d)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, Purchaser shall not make, and shall cause its Affiliates (including the members of the Education Group) not to make, any election with respect to any member of the Education Group (including any election pursuant to Treasury Regulation Section&nbsp;301.7701-3), which election would be effective </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">or have effect on or prior to the Closing Date without the prior written consent of the Parent, which consent shall not be unreasonably withheld, conditioned or delayed.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.12</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Additional Post-Closing Tax Covenant</U>.&nbsp; With respect to any Foreign Non-338 Target Corporation, from the Closing Date through the end of the taxable period of such entity that includes the Closing Date, Purchaser shall not, and shall cause its Affiliates (including the members of the Education Group) not to, enter into any extraordinary transaction with respect to such member of the Education Group or otherwise take any action or enter into any transaction that would be considered under the Code to constitute the payment of an actual or deemed dividend by such member of the Education Group, including pursuant to Section 304 of the Code, or that would, as a result of an extraordinary transaction, otherwise result in a diminution of foreign tax credits that, absent such transaction, may be claimed by Parent or any of its Affiliates.</FONT> </P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.13</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Transfer Taxes</U>.&nbsp; Notwithstanding anything to the contrary in this Agreement, each of Purchaser and Parent shall be responsible for 50% of any and all applicable Transfer Taxes up to $13,600,000, and Parent shall be responsible for any and all applicable Transfer Taxes in excess of $13,600,000; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that Parent shall remit the entire amount of any applicable Transfer Taxes to the appropriate Governmental Entity and Purchaser shall pay to Parent such amount of applicable Transfer Taxes for which Purchaser is responsible pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 7.13</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> within sixty (60) days following the Closing Date.&nbsp; The Party responsible under </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">applicable Law for filing the Tax Returns with respect to such Transfer Taxes shall prepare and timely file such Tax Returns and promptly provide a copy of such Tax Return to the other Party.&nbsp; Parent and Purchaser shall, and shall cause their respective Affiliates to, cooperate to timely prepare and file any Tax Returns or other filings relating to such Transfer Taxes, including any claim for exemption or exclusion from the application or imposition of any Transfer Taxes.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.14</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Timing of Payments</U>.&nbsp; Any indemnity payment required to be made pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> shall be made within ten (10) days after the Indemnified Party makes written demand upon the Indemnifying Party, but in no case earlier than five (5) days prior to the date on which the relevant Taxes or other amounts are required to be paid to the applicable taxing authority.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>7.15</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Survival; Tax Matters Coordination</U>.&nbsp; The indemnification obligations contained in this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and the representations and warranties set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections 3.13(h)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(k)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 4.7</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> shall survive the Closing until thirty (30) days following the expiration of the applicable statutory periods of limitation.&nbsp; The representations and warranties set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 3.13</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (other than the representations and warranties set forth in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections 3.13(h)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(k)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">) shall not survive the Closing.&nbsp; Notwithstanding anything to the contrary in this Agreement, (i)&nbsp;indemnification with respect to Taxes and the procedures relating thereto shall be governed exclusively by this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;VII</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, and, to the extent expressly applicable, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 10.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 10.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and (ii)&nbsp;the provisions of </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;X</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (other than </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 10.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 10.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">) shall not apply.</FONT></P>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;VIII</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>CONDITIONS TO OBLIGATIONS TO CLOSE</FONT></H1>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>8.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Conditions to Obligation of Each Party to Close</U>. The respective obligations of each Party to effect the transactions contemplated by this Agreement shall be subject to the satisfaction or waiver at or prior to the Closing Date of the following conditions:</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Antitrust Approvals</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; The waiting period applicable to the transactions contemplated by this Agreement under the HSR Act shall have expired or early termination or approval shall have been granted and all other Governmental Entity approvals or applicable waiting periods, in each case under the applicable Antitrust Laws of the Primary Jurisdictions, shall have been obtained.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No Injunctions</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; There shall not be in effect any Order by a Governmental Entity of a Primary Jurisdiction restraining, enjoining, having the effect of making illegal the transactions contemplated by this Agreement or otherwise prohibiting the consummation of the transactions contemplated hereby, or any Law or Order by a Governmental Entity of a Secondary Jurisdiction restraining, enjoining, having the effect of making illegal the transactions contemplated by this Agreement to occur outside of such Secondary Jurisdiction or otherwise prohibiting the consummation of the transactions contemplated hereby to occur outside of such Secondary Jurisdiction.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No Illegality</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; No Law of a Primary Jurisdiction shall have been enacted, </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">entered, promulgated and remain in effect that prohibits or makes illegal consummation of the Sale, or would cause any non-</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">de minimis</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> part of the Sale to be rescinded.</FONT></P>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>8.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Conditions to Purchaser&#8217;s Obligation to Close</U>. Purchaser's obligation to effect the transactions contemplated by this Agreement shall be subject to the satisfaction or waiver on or prior to the Closing Date of all the following conditions:</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Representations and Warranties</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; (i)&nbsp;The representations and warranties of Sellers set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Organization and Qualification; Subsidiaries), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Capitalization of the Members of the Education Group), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Authority Relative to this Agreement) and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;3.18</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Brokers) shall be true and correct in all but </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">de minimis</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> respects as of the date of this Agreement and as of the Closing Date as if made on and as of the Closing Date, and (ii)&nbsp;each of the other representations and warranties of Sellers contained in this Agreement shall be true and correct as of the Closing Date as if made on and as of the Closing Date except (x)&nbsp;in each case of each of clauses&nbsp;(i)&nbsp;and (ii), representations and warranties that are made as of a specific date shall be tested only on and as of such date, and (y)&nbsp;in the case of clause&nbsp;(ii)&nbsp;only, where the failure of such representations and warranties to be so true and correct (without giving regard to any &#8220;material&#8221;, or &#8220;Material Adverse Effect&#8221; or any other materiality qualifications set forth therein) does not have, and would not reasonably be expected to have individually or in the aggregate, a Material Adverse Effect. </FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Covenants and Agreements</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; The covenants and agreements of Sellers to be performed or complied with on or before the Closing Date in accordance with this Agreement shall have been performed or complied with in all material respects.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Officer&#8217;s Certificate</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; Purchaser shall have received a certificate, dated as of the Closing Date and signed on behalf of Sellers by an executive officer of Sellers, stating that the conditions specified in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.2(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> have been satisfied.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">FIRPTA Certificate</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">. Purchaser shall have received from each Seller a duly executed certificate in accordance with Treasury Regulation Section 1.1445-2(b)(2)(iv) or Treasury Regulation Section 1.1445-2(c)(3), as the case may be, on the basis of which Purchaser shall not be required to deduct or withhold any amounts under Section 1445 of the Code from any amounts payable to Parent pursuant to this Agreement.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;</FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Material Adverse Effect.</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> Since the date of this Agreement there shall not have occurred any Material Adverse Effect.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(f)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Restructuring.&nbsp;&nbsp;</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;Parent shall have completed its internal restructuring transactions in all material respects as set forth in the Plan of Reorganization.</FONT><FONT style="VERTICAL-ALIGN: super"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;</FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>8.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Conditions to Sellers&#8217; Obligation to Close</U>.&nbsp;The obligations of Sellers to effect the transactions contemplated by this Agreement shall be subject to the satisfaction or waiver on or prior to the Closing Date of all the following conditions:</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Representations and Warranties</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; (i) The representations and warranties of Purchaser set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;4.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Organization and Qualification; Subsidiaries), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;4.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Authority Relative to this Agreement), and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;4.8</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Broker&#8217;s Fees) shall be true and correct </FONT></H3>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">83</FONT></P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">in all but </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">de minimis</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> respects as of the date of this Agreement and as of the Closing Date as if made on and as of the Closing Date, and (ii)&nbsp;each of the other representations and warranties of Purchaser contained in this Agreement shall be true and correct as of the Closing Date as if made on and as of the Closing Date except (x)&nbsp;in each case of each of clauses&nbsp;(i)&nbsp;and (ii), representations and warranties that are made as of a specific date shall be tested only on and as of such date, and (y)&nbsp;in the case of clause&nbsp;(ii)&nbsp;only, where the failure of such representations and warranties to be true and correct (without giving regard to any &#8220;material&#8221;, &#8220;material adverse effect&#8221; or other materiality qualifications set forth therein) would not reasonably be expected, individually or in the aggregate, to materially impair Purchaser&#8217;s ability to timely consummate the transactions contemplated hereby.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Covenants and Agreements</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; The covenants and agreements of Purchaser to be performed or complied with on or before the Closing Date in accordance with this Agreement shall have been performed or complied with in all material respects.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Officer&#8217;s Certificate</FONT></I><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; Sellers shall have received a certificate, dated as of the Closing Date and signed on behalf of Purchaser by an executive officer of Purchaser, stating that the conditions specified in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> have been satisfied.</FONT></H3></DIV>

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<P></P><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>8.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Conditions to Deferred Closings</U>.&nbsp; The obligations of Parent and Sellers on the one hand, and Purchaser on the other hand, to consummate any Deferred Closing with respect to a Deferred Business shall be subject to the fulfillment, at or prior to the applicable Deferred Closing Date, of each of the following conditions:</FONT>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">All Deferred Closing Governmental Approvals in respect of such Deferred Business or Deferred Closing Jurisdiction shall have been obtained.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No injunction or other Order issued by any Governmental Entity in the Deferred Closing Jurisdiction shall have been entered and remain in effect which prevents the consummation of the transfer of such Deferred Business.</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>8.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Frustration of Closing Conditions</U>. Neither Sellers nor Purchaser may rely on the failure of any conditions set forth in <U>Section 8.1</U>, <U>8.2</U>, <U>8.3</U> or <U>8.4</U>, as the case may be, if such failure was cause by such Party's failure to comply with any provisions of this Agreeement.<BR></H3></FONT>

<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;IX</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>TERMINATION</FONT></H1>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>9.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Termination</U>. This Agreement may be terminated at any time prior to the Closing:</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">by mutual written consent of Sellers and Purchaser;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">by either Sellers or Purchaser, if:</FONT></H3>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">the Closing shall not have occurred on or before the ninetieth (90th) day after the date of this Agreement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Outside Date</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that if the conditions set forth in <U>Section 8.1</U> shall not have been satisfied by the ninetieth (90th) day </FONT></H4>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">84</FONT></P></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">after the date of this Agreement, either party may extend the Outside Date to a date not later than the one hundred and eightieth (180th) day after the date of this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the right to terminate this Agreement under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.1(b)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;shall not be available to any Party to this Agreement whose breach or failure </FONT><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">(</FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">or whose Affiliate&#8217;s breach or failure</FONT><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">)&nbsp;</FONT></B><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to perform any material covenant or obligation under this Agreement has been the cause of or has resulted in the failure of the transactions contemplated by this Agreement to occur on or before such date;</FONT></P>

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<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">if any Order issued, or Law enacted, entered or promulgated, by a Governmental Entity permanently restrains, enjoins or prohibits or makes illegal the consummation of the Sale in a manner that would give rise to the failure of a condition set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.1(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, and such Order becomes effective (and final and nonappealable) (except for Orders relating to Antitrust Laws, which shall be governed by </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.1(b)(iii)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">); or</FONT></H4>

<H4 style="TEXT-INDENT: 1.5in; MARGIN: 0in 0in 12pt 13.5pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">if any Governmental Entity that must grant a permit, authorization, consent, approval, expiration or termination required by </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.1(a)&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall have denied such grant in a manner that would give rise to the failure of a condition set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.1(a)&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and such denial shall have become final and nonappealable; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the Party seeking to terminate this Agreement pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.1(b)(iii)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&nbsp;shall have used its reasonable best efforts to obtain such permit, authorization, consent, approval, expiration or termination to the extent required by </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">;&nbsp;</FONT></H4>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">by Sellers if Purchaser shall have breached or failed to perform in any material respect any of its respective representations, warranties, covenants or other agreements contained in this Agreement, and such breach or failure to perform (A)&nbsp;would give rise to the failure of a condition set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and (B)&nbsp;(x)&nbsp;cannot be cured prior to the Outside Date or (y)&nbsp;has not been cured prior to the date that is thirty (30) days from the date that Purchaser or Sellers, as applicable, is notified by the other of such breach or failure to perform; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that Sellers shall not have the right to terminate this Agreement pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> if Sellers are then in material breach of any of their representations, warranties, covenants or other agreement set forth herein in a manner that would cause any condition set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.2(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> not to be satisfied.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">by Purchaser if Sellers shall have breached or failed to perform in any material respect any of its respective representations, warranties, covenants or other agreements contained in this Agreement, and such breach or failure to perform (A)&nbsp;would give rise to the failure of a condition set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.2(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;8.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and (B)&nbsp;(x)&nbsp;cannot be cured prior to the Outside Date or (y)&nbsp;has not been cured prior to the date that is thirty (30) days from the date that Purchaser or Sellers, as applicable, is notified by the other of such breach or failure to perform; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that Purchaser shall not have the right to terminate this Agreement pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.1(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> if Purchaser is then in material breach of any of their representations, warranties, covenants or other agreement set forth herein in a manner that would cause any condition set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 8.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> not to be satisfied; or</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">by Sellers if: (i)&nbsp;all the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 8.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">8.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> have </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">been satisfied (other than those conditions that, by their nature, can only be satisfied or waived at the Closing, but which would be capable of being satisfied if the Closing Date were the date of such termination), (ii)&nbsp;Sellers confirm in writing that they stand ready, willing and able to consummate the Closing, and (iii)&nbsp;Purchaser fails to consummate the Closing by the date the Closing should have occurred pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 2.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></P></DIV>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>9.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice of Termination</U>.&nbsp; In the event of termination of this Agreement by either or both of Sellers and Purchaser pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;9.1</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, written notice of such termination shall be given by the terminating Party to the other Party to this Agreement.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>9.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Effect of Termination</U>.&nbsp; In the event of termination of this Agreement by either or both of Sellers and Purchaser pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;9.1</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, this Agreement shall terminate and become void and have no effect, and there shall be no liability on the part of any Party to this Agreement, except as set forth in this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;9.3</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that (a)&nbsp;the provisions of </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.2</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (Confidentiality), </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.6</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (Public Announcements), </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;9.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (Reverse Termination Fee and Willful and Material Breach) and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;XI</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (General Provisions) shall survive any termination of this Agreement and nothing in this Agreement shall relieve either Party hereto from liability for failure to perform its obligations under such surviving sections, and (b)&nbsp;nothing in this Agreement shall relieve either Party hereto from liability for any fraud under this Agreement or, subject to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 9.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, Willful and Material Breach.</FONT></P>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>9.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Reverse Termination Fee and Willful and Material Breach.</U></FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If this Agreement is validly terminated: (i) by Sellers pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.1(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and the Debt Financing (or Alternate Financing in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;5.14(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">) has not been funded or would not be available to Purchaser at the Closing or such termination is based on a breach of the representations and warranties contained in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;4.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; (ii) by Purchaser or Sellers pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.1(b)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> at a time when all of the conditions set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 8.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">8.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> have been satisfied or waived (other than those conditions that, by their nature, can only be satisfied or waived at the Closing, but which would be capable of being satisfied if the Closing Date were the date of such termination); or (iii) by Sellers pursuant to&nbsp;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.1(e)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (each of (i), (ii)&nbsp;and (iii), a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Specified Termination</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), then in each case of (i), (ii)&nbsp;and (iii), Purchaser shall pay or cause to be paid&nbsp; by wire transfer of immediately available funds, to an account designated by Parent, within two (2)&nbsp;Business Days after the date on which this Agreement is so terminated the amount of $125,000,000 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Reverse Termination Fee</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;).&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The Parties agree that in lieu of the payment of the Reverse Termination Fee to Sellers pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.4(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in connection with a Specified Termination, in the event of a Willful and Material Breach by Purchaser, Sellers shall be entitled to assert a claim for monetary damages for such Willful and Material Breach, subject to the limits set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.4(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that in the event that Sellers elect to assert a claim for Willful and Material Breach by Purchaser, Purchaser shall pay or cause to be paid to Sellers by wire transfer of immediately available funds, to an account designated by Parent, an amount equal to the Reverse Termination Fee, within five (5) Business Days of the earliest of (i) any of Sellers obtaining a final and nonappealable judgment by a court of competent jurisdiction finding the existence of a Willful and Material Breach by Purchaser, (ii) confirmation by Purchaser that it does not intend </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">to contest, defend or appeal, as applicable, such claim, or (iii) the expiration of the time available under applicable Law to answer, present a defense for, or file an appeal without Purchaser having so answered, presented or filed an appeal. Sellers shall in addition be entitled to pursue all legal remedies available to it at law to recover from Purchaser all actual monetary damages incurred by it with respect to such Willful and Material Breach less the amount previously paid to Sellers in the form of the Reverse Termination Fee, subject to the limitations set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.4(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">. &nbsp;</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each Party acknowledges that the agreements contained in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.4&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> are an integral part of the transactions contemplated by this Agreement and that, without these agreements, the other Parties would not enter into this Agreement.&nbsp; Accordingly, if any Party fails promptly to pay the amounts due pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.4&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Owing Party</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), and, in order to obtain such payments, the other Party commences a suit that results in a judgment against the Owing Party for the amounts set forth in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the Owing Party will pay to such other Party, from the date such payment was required to be made, the Interest Rate on the amounts set forth in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; The Parties acknowledge that the Reverse Termination Fee shall not constitute a penalty but is liquidated damages, in a reasonable amount that will compensate Sellers in the circumstances in which the Reverse Termination Fee is payable for the efforts and resources expended and opportunities foregone while negotiating this Agreement and in reliance on this Agreement and on the expectation of the consummation of the Sale, which amount would otherwise be impossible to calculate with precision.&nbsp; The Parties acknowledge that the right of Sellers to receive the Reverse Termination Fee shall not limit or otherwise affect Sellers&#8217; right to specific performance as provided in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;11.11</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except in the case of any fraud or any Willful and Material Breach, in any circumstance in which Parent effects a Specified Termination and receives the Reverse Termination Fee in full pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.4(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, Parent&#8217;s termination of this Agreement and receipt of the Reverse Termination Fee shall be the sole and exclusive remedy of Parent and its Affiliates against the Purchaser Related Parties for any Losses suffered as a result of any breach of any representation, warranty, covenant, agreement or obligation contained in this Agreement, the transactions contemplated hereby, the failure of the Closing to be consummated, the Guaranty or the Financing, and upon such Specified Termination and receipt of the Reverse Termination Fee, none of the Purchaser Related Parties shall have any further liability or obligation, including consequential, indirect or punitive damages, relating to or arising out of this Agreement, the transactions contemplated hereby, the Guaranty, the Financing,</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> or in respect of any other agreement, document or theory of law or equity or in respect of any oral representations made or alleged to be made in connection herewith or therewith, whether in equity or at law, in contract, in tort or otherwise</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (except that the applicable Purchaser Related Parties (other than, for the avoidance of doubt, the Debt Financing Sources) and Seller Related Parties shall remain obligated for, and Sellers, Purchaser and their respective Affiliates may be entitled to remedies with respect to, any breach of the Confidentiality Agreement or the provisions surviving such termination pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">).&nbsp; The maximum aggregate monetary liability of Purchaser and the Guarantors for any loss suffered as a result of any breach of this Agreement, the Guaranty or the Commitment Letters (including any Willful and Material Breach), or the failure of the transactions contemplated hereby or thereby to be consummated, or in respect of any oral representation made or alleged to have been made in connection herewith or therewith, whether in equity or at Law, in contract, in tort or otherwise, shall be limited to (i) </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">the Reverse Termination Fee in accordance with the preceding sentence or (ii) solely in the event of a Willful and Material Breach, an amount equal to $300,000,000 (inclusive of any payment of the Reverse Termination Fee), in either case plus any payment obligations pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 5.14(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in the aggregate, and in no event shall any Seller seek to recover any money damages (including consequential, indirect or punitive damages) in excess of such amount.&nbsp; The maximum aggregate monetary liability of Sellers for any loss suffered or the failure of the transactions contemplated hereby to be consummated, or in respect of any oral representation made or alleged to have been made in connection herewith, whether in equity or at Law, in contract, in tort or otherwise, shall be limited in the event of a Willful and Material Breach to an amount equal to $300,000,000 (inclusive of any payment of the Reverse Termination Fee), and in no event shall any Seller seek to recover any money damages (including consequential, indirect or punitive damages) in excess of such amount.&nbsp; For the avoidance of doubt, nothing in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;9.4(d)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall limit any remedies of Purchaser, Parent and Sellers prior to termination of this Agreement for specific performance under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;11.11</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(e)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding anything in this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 9.4</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to the contrary, no Purchaser Related Party, except Purchaser and the Guarantors (but only to the extent set forth in the Guaranty), and no Seller Related Party, except Sellers, shall have any liability for any obligation or liability of the Parties or for any claim for any loss suffered as a result of any breach of this Agreement, the Guaranty or the Commitment Letters (including any Willful and Material Breach), or the failure of the transactions contemplated hereby or thereby to be consummated, or in respect of any oral representation made or alleged to have been made in connection herewith or therewith, whether in equity or at Law, in contract, in tort or otherwise. </FONT><BR></H3>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>9.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Extension Waiver</U>.&nbsp; At any time prior to the Closing, either Sellers or Purchaser may (a)&nbsp;extend the time for performance of any of the obligations or other acts of the other Party, (b)&nbsp;waive any inaccuracies in the representations and warranties of the other Party contained in this Agreement or in any document delivered pursuant to this Agreement or (c)&nbsp;waive compliance with any of the agreements or conditions of the other Party contained in this Agreement.&nbsp; Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by the Party granting such extension or waiver.</FONT></P>

<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;X</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>INDEMNIFICATION</FONT></H1>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Survival of Representations, Warranties, Covenants and Agreements</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The representations and warranties of Parent contained in this Agreement shall survive the Closing and continue in full force and effect until the date eighteen (18) months following the Closing Date; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that (i) the representations and warranties made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 3.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Organization and Qualification; Subsidiaries), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">3.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Capitalization of the Members of the Education Group), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">3.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Authority Relative to this Agreement) and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">3.18</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Brokers) shall survive indefinitely, (ii) the representations and warranties made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.21</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Anti-Corruption Laws; Certain Regulatory Matters) shall survive the Closing until the eighth (8<SUP>th</SUP>) anniversary thereof</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">, (iii) the representations and warranties made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Sections 3.13(h)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(k)&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> (Taxes) shall survive until thirty (30) days following the expiration of </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">the applicable statutory period of limitation and (iv) the representations and warranties made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Section 3.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> (Taxes) (other than the representations made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Sections 3.13(h)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(k)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">) shall not survive the Closing</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; Written notice of a claim for indemnification must be given by Purchaser to Sellers in accordance with the provisions hereof prior to the expiration of the applicable representations and warranties, in which case such claim shall survive until finally resolved or judicially determined.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">The representations and warranties of Purchaser contained in this Agreement shall survive the Closing and continue in full force and effect until of the date eighteen (18) months following the Closing Date; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that (i) the representations and warranties made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sections 4.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Organization and Qualification; Subsidiaries), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">4.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Authority Relative to this Agreement) and </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">4.8</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Broker&#8217;s Fees) shall survive indefinitely and (ii) the representations and warranties made pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 4.7</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Tax Matters) shall survive until thirty (30) days following the expiration of the applicable statutory period of limitation.&nbsp; Written notice of a claim for indemnification must be given by Sellers to Purchaser in accordance with the provisions hereof prior to the expiration of the applicable representations and warranties, in which case such claim shall survive until finally resolved or judicially determined.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">No covenant or agreement contained herein that is to be performed on or prior to the Closing Date shall survive the Closing Date unless otherwise expressly agreed by the Parties; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the foregoing shall in no respect limit the rights of the Parties to seek indemnification for any breach of such covenant or agreement occurring before the Closing.&nbsp; Any covenant and agreement to be performed, in whole or in part, after the Closing Date shall survive the Closing in accordance with its terms.</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Indemnification by Parent</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Subject to the provisions of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article X</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and except with respect to indemnification for Taxes, effective as of and after the Closing Date, Parent shall indemnify, defend and hold harmless, to the fullest extent permitted by law, Purchaser and its Affiliates (including members of the Education Group, provided that with respect to any non-wholly owned member of the Education Group, Losses for purposes of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article X</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall be the Proportionate Equity Share of the Losses incurred or suffered by such non-wholly owned member of the Education Group) and their respective managers, officers, directors, employees, advisors (including legal, financial and accounting advisors), representatives, agents&nbsp; and their respective successors and assigns (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Purchaser Indemnified Parties</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), from, against and in respect of any and all Losses incurred or suffered by any of the Purchaser Indemnified Parties to the extent based upon, arising by reason of or resulting from (i) any inaccuracy in or breach of any representation or warranty of Parent contained in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article III</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of this Agreement (except for </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Taxes)) without regard to any materiality, material adverse effect, Material </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Adverse Effect, or similar materiality qualifications set forth in such representations and warranties (other than representations and warranties to the effect that a list of items is set forth in the Seller Disclosure Schedules or that specified items have been made available) or any defined term contained therein, but, for avoidance of doubt, knowledge qualifications and dollar thresholds shall not be disregarded; (ii) the matters set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Section 3.21</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> of the Seller Disclosure Schedule; (iii) any breach of any covenant or agreement by the Education Group (that is to be performed or complied with prior to the Closing), or Parent or </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Sellers that is contained in this Agreement or in any Ancillary Agreement delivered with respect hereto; (iv) any claim or right asserted or held by any person who is or at any time was an officer or director of any member of the Education Group, involving a right or entitlement to indemnification, advancement of expenses or any other relief or remedy under the directors and officers indemnification arrangements (as set forth in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">Section 5.13</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">), with respect to any act or omission on the part of such person in such person&#8217;s capacity as an officer or director of member of the Education Group that occurred or existed at or prior to the Closing; (v) the Retained Employee Liabilities; (vi) the restricted stock unit award granted to Lloyd G. Waterhouse on July 2, 2012 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">CEO RSU Award</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">&#8221;); and (vii) any Liability of Parent or Sellers not related to the Business, whether such Liability arises before or after Closing, is known or unknown, contingent or accrued.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding any other provision to the contrary, Parent shall not be required to indemnify, defend or hold harmless any Purchaser Indemnified Party against, or reimburse any Purchaser Indemnified Party for, any Losses pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, (i) to the extent such Losses were included in the calculation of Adjustment Amount on the Final Post-Closing Adjustment Statement; (ii) unless such claim or series of related claims individually involves Losses in excess of $500,000 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">De Minimis Amount</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), it being understood that if such Losses do not exceed the De Minimis Amount, such Losses shall not be applied to or considered for purposes of calculating the aggregate amount of the Purchaser Indemnified Parties&#8217; Losses under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; (iii) until the aggregate amount of the Purchaser Indemnified Parties&#8217; Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> exceeds $37,500,000 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Deductible</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), it being understood that if such Losses exceed the Deductible, Sellers shall be obligated for only the Purchaser Indemnified Parties&#8217; Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in excess of the Deductible; and (iv) for any Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to the extent the aggregate amount of such Losses exceed $250,000,000 (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Cap</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that in respect of any claim involving (A) Losses resulting from fraud or arising out of a breach of the representations and warranties made in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Organization and Qualification; Subsidiaries),&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Capitalization of the Members of the Education Group), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Authority Relative to this Agreement), </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.18</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Brokers) or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.21</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Anti-Corruption Laws; Certain Regulatory Matters), or (B) any Taxes payable to the Purchaser Tax Indemnified Parties pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the Deductible and the De Minimis Amount shall not apply and the Cap shall be equal to the Purchase Price (it being understood that all Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall be aggregated for purposes of this clause (iv) regardless of which Cap applies and all Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and Taxes payable to the Purchaser Tax Indemnified Parties pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.2</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall be aggregated for purposes of this clause (iv)).</FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Indemnification by Purchaser</U>.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Subject to the provisions of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;X</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> and except with respect to indemnification for Taxes, effective at and after the Closing Date, Purchaser and the members of the Education Group shall jointly and severally indemnify, defend and hold harmless, to the fullest extent permitted by law, Sellers and its respective Affiliates, and their respective managers, officers, directors, employees, advisors (including legal, financial and accounting advisors), representatives, agents&nbsp; and their respective successors and assigns successors and assigns (collectively, the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Sellers Indemnified Parties</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), from and against any and all Losses incurred or suffered by any of Sellers Indemnified Parties to the extent based upon, arising by </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">reason of or resulting from (i)&nbsp;any breach of any representation or warranty of Purchaser contained in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;IV</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of this Agreement without regard to any materiality, material adverse effect or similar materiality qualifications set forth in such representations and warranties</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">or any defined term contained therein, but, for avoidance of doubt, knowledge qualifications and dollar thresholds shall not be disregarded; (ii)&nbsp;any breach of any covenant or agreement of Purchaser that is contained in this Agreement or in any Ancillary Agreement delivered with respect hereto; and (iii)&nbsp;any Action with respect to any Liability that is not indemnified by Parent under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.2(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, whether known or unknown, contingent or accrued, that names a member of the Parent Group as a defendant but that should have been brought against a member of the Education Group by virtue of such member&#8217;s ownership interest in the Business or the assumption of such Liability.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Notwithstanding any other provision to the contrary, Purchaser shall not be required to indemnify, defend or hold harmless any Sellers Indemnified Party against, or reimburse any Sellers Indemnified Party for, any Losses pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.3(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, (i)&nbsp;unless such claim or series of related claims, involves Losses in excess of the De Minimis Amount, it being understood that if such Losses do not exceed the De Minimis Amount, such Losses shall not be applied to or considered for purposes of calculating the aggregate amount of Sellers Indemnified Parties&#8217; Losses under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">; (ii)&nbsp;until the aggregate amount of Sellers Indemnified Parties&#8217; Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.3(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> exceeds the Deductible, it being understood that if such Losses exceed the Deductible, Purchaser shall be obligated for only Sellers Indemnified Parties&#8217; Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.3(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> in excess of the Deductible, and (iii)&nbsp;for any Losses of Purchaser under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.3(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> to the extent the aggregate amount of such Losses exceed the Cap; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided </FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">that in respect of any claim involving Losses resulting from fraud or arising out of a breach of the representations and warranties made in <U>Section 4.5</U> (Solvency) or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;4.8</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> (Broker&#8217;s Fees) or involving any Taxes payable to the Seller Tax Indemnified Parties pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 7.3(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the Deductible and the De Minimis Amount shall not apply and the Cap shall be equal to the Purchase Price (it being understood that all Losses under </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.3(a)(i)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> shall be aggregated for purposes of this clause (iii) regardless of which Cap applies).</FONT></H3>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Indemnification Procedures</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">A Person that may be entitled to be indemnified under this Agreement (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Indemnified Party</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) shall promptly notify the Party or Parties liable for such indemnification (the &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Indemnifying Party</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;) in writing of any pending or threatened claim or demand that the Indemnified Party has determined gives or would reasonably be expected to give rise to a right of indemnification under such agreement (including a pending or threatened claim or demand asserted by a third Party against the Indemnified Party, such claim being a &#8220;</FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Third Party Claim</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">&#8221;), describing in reasonable detail the facts and circumstances (then known) with respect to the subject matter of such claim or demand; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that the failure to provide such notice shall not release the Indemnifying Party from any of its obligations under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;X</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> except to the extent the Indemnifying Party is prejudiced by such failure, it being agreed that notices for claims in respect of a breach of a representation, warranty, covenant or agreement must be delivered prior to the expiration of any applicable survival period specified in </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.1</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> for such representation, warranty, covenant or agreement.</FONT></H3>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Upon receipt of a notice of a Third Party Claim for indemnity from an Indemnified Party pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.2(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> or </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 10.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the Indemnifying Party will be entitled, by notice to the Indemnified Party delivered within twenty (20) Business Days of the receipt of notice of such Third Party Claim, to assume the defense and control of such Third Party Claim (at the expense of such Indemnifying Party); </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that the Indemnifying Party shall allow the Indemnified Party a reasonable opportunity to participate in the defense of such Third Party Claim with its own counsel and at its own expense.&nbsp; If the Indemnifying Party does not assume the defense and control of any Third Party Claim pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.4(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, the Indemnified Party shall be entitled to assume and control such defense, but the Indemnifying Party may nonetheless participate in the defense of such Third Party Claim with its own counsel and at its own expense.&nbsp; If the Indemnifying Party assumes the defense and control of a Third Party Claim, the Indemnifying Party shall select counsel, contractors and consultants of recognized standing and competence and shall use commercially reasonable efforts in the defense or settlement of such Third Party Claim.&nbsp; Purchaser or Sellers, as the case may be, shall, and shall cause each of their Affiliates and representatives to, reasonably cooperate with the Indemnifying Party in the defense of any Third Party Claim, including by furnishing books and records, personnel and witnesses, as appropriate for any defense of such Third Party Claim.&nbsp; If the Indemnifying Party has assumed the defense and control of a Third Party Claim, it shall be authorized to consent to a settlement of, or the entry of any judgment arising from, any Third Party Claim, in its sole discretion and without the consent of any Indemnified Party; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> that such settlement or judgment does not involve any injunctive relief binding on any of the Indemnified Parties or finding or admission of any violation of Law or admission of any liability or wrongdoing by any Indemnified Party and the Indemnifying Party shall (i)&nbsp;pay or cause to be paid all amounts in such settlement or judgment (other than solely with respect to the Deductible, to the extent such liabilities would constitute Losses to which the Deductible would be applicable in accordance with the applicable provisions of </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;10.2(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">), (ii)&nbsp;obtain, as a condition of any settlement or other resolution, a complete and unconditional release of any Indemnified Party potentially affected by such Third Party Claim.&nbsp; No Indemnified Party will consent to the entry of any judgment or enter into any settlement or compromise with respect to a Third Party Claim without the prior written consent of the Indemnifying Party, (such consent not to be unreasonably withheld or delayed).</FONT></H3>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>10.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Exclusive Remedy and Release</U>.&nbsp; Except with respect to the matters covered by </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and with respect to any matter relating to Taxes, Purchaser and Sellers acknowledge and agree that, following the Closing, the indemnification provisions of </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections 10.2</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">10.3</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> shall be the sole and exclusive remedies of Sellers and Purchaser, respectively, and their respective Affiliates, including the members of the Education Group, for any Losses (including any Losses from claims for breach of contract, warranty, tortious conduct (including negligence) or otherwise and whether predicated on common law, statute, strict liability, or otherwise) that each Party may at any time suffer or incur, or become subject to, as a result of, or in connection with the Sale, including any breach of any representation or warranty in this Agreement by any Party, or any failure by any Party to perform or comply with any covenant or agreement that, by its terms, was to have been performed, or complied with, under this Agreement and the Ancillary Agreements. </FONT></P>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Additional Indemnification Provisions</U>. With respect to each indemnification obligation contained in this Article X, all Losses shall be net of any third-party insurance and</FONT></H2>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">indemnity proceeds that are recoverable by the Indemnified Party in connection with the facts giving rise to the right of indemnification in each case net of any deductible or copayment, the costs of filing a claim, arbitration costs,</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"> the Indemnified Party&#8217;s actual increase in applicable insurance or other premiums attributable to such recovery and all </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">other out-of-pocket costs related to such recovery (it being agreed that if third-party insurance or indemnification proceeds in respect of such facts are recovered by the Indemnified Party subsequent to the Indemnifying Party&#8217;s making of an indemnification payment in satisfaction of its applicable indemnification obligation, such proceeds shall be remitted to the Indemnifying Party to the extent of the indemnification payment made).&nbsp; The Indemnified Party shall use, and cause its Affiliates to use, commercially reasonable efforts to seek recovery under all insurance and indemnity provisions covering any Losses for which it is seeking indemnification hereunder to the same extent as it would if such Loss were not subject to indemnification hereunder.&nbsp; Upon making any payment to the Indemnified Party for any indemnification claim pursuant to this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;X</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, the Indemnifying Party shall be subrogated, to the extent of such payment, to any rights which the Indemnified Party may have against any third parties with respect to the subject matter underlying such indemnification claim, and the Indemnified Party shall assign any such rights to the Indemnifying Party.</FONT></P>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation of Liability</U>. In no event shall any Indemnifying Party have liability to any Indemnified Party for any consequential, special, incidental, indirect or punitive damages.</FONT></H2>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Mitigation</U>. Each of the Parties agrees to use its commercially reasonable efforts to mitigate its respective Losses upon and after becoming aware of any event or condition that would reasonably be expected to give rise to any Losses that are indemnifiable hereunder.</FONT></H2>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT size=3></FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>10.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Effect of Knowledge</U>. The right to indemnification, payment of Losses or other remedies based on any representations, warranties, covenants or agreements set forth in this Agreement or the Ancillary Agreements will not be affected by any investigation conducted with respect to or any knowledge or information acquired at this time, whether before or after the execution and delivery of this Agreement or the Closing Date, with respect to the accuracy or inaccuracy of or compliance with, any such representation, warranty, covenant or agreement (other than disclosures made in the Seller Disclosure Schedule and Purchaser Disclosure Schedule hereto). The waiver of any condition based on the accuracy of any representation or warranty or on the performance of or compliance with any covenant or agreement, will not affect the right to indemnification, payment of Losses or other remedy based on such representations, warranties, covenants or agreements.</H2></FONT></DIV>

<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Article&nbsp;XI</FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><BR><BR>GENERAL PROVISIONS</FONT></H1>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>11.1</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Interpretation; Absence of Presumption</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">It is understood and agreed that the specification of any dollar amount in the representations and warranties contained in this Agreement or the inclusion of any specific item in the Seller Disclosure Schedule or Purchaser Disclosure Schedule is not intended to imply that such amounts or higher or lower amounts, or the items so included or other items, are or are </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">not material, and no Party shall use the fact of the setting of such amounts or the fact of the inclusion of any such item in the Seller Disclosure Schedule or Purchaser Disclosure Schedule in any dispute or controversy between the Parties as to whether any obligation, item or matter not described in this Agreement or included in the Seller Disclosure Schedule or Purchaser Disclosure Schedule is or is not material for purposes of this Agreement.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">For the purposes of this Agreement, (i)&nbsp;words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires; (ii)&nbsp;references to the terms Article, Section, paragraph, Exhibit&nbsp;and Schedule are references to the Articles, Sections, paragraphs, Exhibits&nbsp;and Schedules to this Agreement unless otherwise specified; (iii)&nbsp;the terms &#8220;hereof,&#8221; &#8220;herein,&#8221; &#8220;hereby,&#8221; &#8220;hereto,&#8221; and derivative or similar words refer to this entire Agreement, including the Schedules and Exhibits hereto; (iv)&nbsp;references to &#8220;$&#8221; shall mean U.S. dollars; (v)&nbsp;the word &#8220;including&#8221; and words of similar import when used in this Agreement and the Ancillary Agreements shall mean &#8220;including without limitation,&#8221; unless otherwise specified; (vi)&nbsp;the word &#8220;or&#8221; shall not be exclusive; (vii)&nbsp;references to &#8220;written&#8221; or &#8220;in writing&#8221; include in electronic form; (viii)&nbsp;provisions shall apply, when appropriate, to successive events and transactions; (ix) the headings contained in this Agreement and the Ancillary Agreements are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement and the Ancillary Agreements; (x)&nbsp;Sellers and Purchaser have each participated in the negotiation and drafting of this Agreement and the Ancillary Agreements and if an ambiguity or question of interpretation should arise, this Agreement and the Ancillary Agreements shall be construed as if drafted jointly by the parties thereto and no presumption or burden of proof shall arise favoring or burdening either Party by virtue of the authorship of any of the provisions in this Agreement or the Ancillary Agreements; (xi)&nbsp;a reference to any Person includes such Person&#8217;s successors and permitted assigns; (xii)&nbsp;any reference to &#8220;days&#8221; means calendar days unless Business Days are expressly specified; and (xiii)&nbsp;when calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded and if the last day of such period is not a Business Day, the period shall end at the close of business on the next succeeding Business Day.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Any disclosure with respect to a Section or schedule of this Agreement, including any Section of the Seller Disclosure Schedule or Purchaser Disclosure Schedule, shall be deemed to be disclosed for other Sections and schedules of this Agreement, including any Section of the Seller Disclosure Schedule or Purchaser Disclosure Schedule, to the extent that the relevance of such disclosure to such other sections or schedules is reasonably apparent. </FONT></H3>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>11.2</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Headings; Definitions</U>. The section and article headings contained in this Agreement are inserted for convenience of reference only and will not affect the meaning or interpretation of this Agreement.</FONT></H2>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>11.3</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Governing Law; Jurisdiction and Forum; Waiver of Jury Trial</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.</FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">This Agreement and any claim or controversy arising out of or relating to the transactions contemplated hereby shall be governed by and interpreted and construed in accordance with the Laws of the State of Delaware applicable to contracts executed and to be </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">performed wholly within the State of Delaware and without reference to the choice-of-law principles or rules of conflict of laws that would result in, require or permit the application of the Laws of a different jurisdiction or direct a matter to another jurisdiction.</FONT></P>

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<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each Party irrevocably and unconditionally submits to the jurisdiction of the Court of Chancery of the State of Delaware (or, solely if such courts decline jurisdiction, in any federal court located in the State of Delaware) any Action arising out of or relating to this Agreement, and hereby irrevocably and unconditionally agrees that all claims in respect of such Action may be heard and determined in such court.&nbsp; Each Party hereby irrevocably and unconditionally waives, to the fullest extent that it may effectively do so, any defense of an inconvenient forum which such Party may now or hereafter have to the maintenance of such Action.&nbsp; The Parties further agree, (i)&nbsp;to the extent permitted by Law, that final and unappealable judgment against any of them in any Action contemplated above shall be conclusive and may be enforced in any other jurisdiction within or outside the United States by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and amount of such judgment and (ii)&nbsp;that service of process upon such Party in any such action or proceeding shall be effective if notice is given in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section&nbsp;11.7</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">EACH PARTY TO THIS AGREEMENT WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH OR THE ADMINISTRATION THEREOF OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN, INCLUDING ANY ACTION RELATING TO THE DEBT FINANCING OR THE PERFORMANCE THEREOF OR INVOLVING ANY DEBT FINANCING SOURCE.&nbsp; NO PARTY TO THIS AGREEMENT SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER LITIGATION PROCEDURE BASED UPON, OR ARISING OUT OF, THIS AGREEMENT OR ANY RELATED INSTRUMENTS (INCLUDING THE DEBT COMMITMENT LETTERS) OR THE RELATIONSHIP BETWEEN THE PARTIES.&nbsp; NO PARTY WILL SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED.&nbsp; EACH PARTY TO THIS AGREEMENT CERTIFIES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT OR INSTRUMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH ABOVE IN THIS </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">SECTION 11.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; NO PARTY (OR ITS REPRESENTATIVE, AGENT OR ATTORNEY) HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">SECTION 11.3</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Limitation on Suits Against Financing Providers</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp; Without limiting </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 11.3(b)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, each of the Parties agrees that it will not bring or support any action, cause of action, claim, cross-claim, or third-party claim of any kind or description, whether in Law or in equity, whether in contract or in tort or otherwise, against the Equity Investors or the Debt Financing Sources in any way relating to this Agreement or any of the transactions contemplated by this Agreement, including any dispute arising out of or relating in any way to the </FONT></H3>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Commitment Letters, the Debt Financing or the performance thereof, in any forum other than the Supreme Court of the State of New York, County of New York, or, if under applicable law exclusive jurisdiction vested in the federal courts, the United States District Court for the Southern District of New York (and appellate courts thereof).&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.4</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Entire Agreement</U>.&nbsp; This Agreement, together with the Ancillary Agreements and the Exhibits&nbsp;and Schedules&nbsp;hereto and the Confidentiality Agreement, constitutes the entire agreement between the Parties with respect to the subject matter of this Agreement and supersedes any prior discussion, correspondence, negotiation, proposed term sheet, agreement, understanding or arrangement, and there are no terms, conditions, agreements, understandings, representations or warranties between the Parties other than those set forth or referred to in this Agreement.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.5</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>No Third Party Beneficiaries</U>.&nbsp; Except for </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.13</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;10.2&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section 10.3(a)</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, which are intended to benefit, and to be enforceable by, the Parties specified therein, this Agreement, together with the Ancillary Agreements and the Exhibits&nbsp;and Schedules&nbsp;hereto is not intended to confer, or shall be construed to confer,&nbsp; in or on behalf of any Person not a party to this Agreement (and their successors and assigns) any legal or equitable rights, benefits, claims, causes of action or remedies with respect to the subject matter or any provision hereof; except that the Debt Financing Sources shall be third party beneficiaries of the provisions of </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections 9.3</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">9.4</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">11.3&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">11.11&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;11.5&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> applicable to such Persons.</FONT> </P></DIV>

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<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>11.6</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Expenses</U></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp; </FONT></H2>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Except as set forth in this Agreement (including the following subsections of this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 11.6</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">), whether the transactions contemplated by this Agreement are consummated or not, all legal and other fees, costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby (including the preparation, execution and delivery of this Agreement and compliance herewith) shall be paid by the Party incurring such costs and expenses unless expressly otherwise contemplated in this Agreement.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Each of Purchaser and Parent shall bear 50% of the out-of-pocket costs and expenses of the members of the Education Group in connection with seeking consents and approvals required pursuant to this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that neither Purchaser nor Sellers shall have any obligation to incur expenses that would result in it being required to pay more than $1,000,000 under the preceding proviso.</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall reimburse, reasonably promptly after presentment of an invoice and reasonable documentation, Purchaser and the Education Group for any out-of-pocket costs and expenses (other than amounts paid under the Transition Services Agreement) incurred by Purchaser or the Education Group to separate the information technology infrastructure of the Education Group from the Parent Group following the Closing; </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">, that Parent shall not be required to reimburse or otherwise be liable for more than $15,000,000 under this </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 11.6(c)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">.&nbsp;</FONT></H3>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Parent shall reimburse, reasonably promptly after presentment of an invoice and reasonable documentation, Purchaser and the Education Group for any amounts paid </FONT></H3>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">96</FONT></P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">to Business Employees under the retention plan awards set forth in items 30, 31 and 32 of </FONT><U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">Section 3.10(a)</FONT></U><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"> of the Seller Disclosure Schedule due to Business Employees in connection with the Sale (to the extent any such amounts are not paid prior to Closing).</FONT></P></DIV>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.7</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Notices</U>.&nbsp; All notices and other communications to be given to any Party hereunder shall be sufficiently given for all purposes hereunder if in writing and upon delivery if delivered by hand, one (1)&nbsp;Business Day after being sent by courier or overnight delivery service, three (3)&nbsp;Business Days after being mailed by certified or registered mail, return receipt requested, with appropriate postage prepaid, or when sent in the form of a facsimile and receipt confirmation is received, and shall be directed to the address or facsimile number set forth below (or at such other address or facsimile number as such Party shall designate by like notice):</FONT></P>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If to Sellers:</FONT></H3>

<P style="MARGIN: 0in 0in 12pt 1.5in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The McGraw-Hill Companies, Inc.<BR>1221 Avenue of the Americas<BR>New&nbsp;York, New&nbsp;York 10020<BR>Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Counsel<BR>Fax No.:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (212) 512-4827</FONT></P>

<P style="MARGIN: 0in 0in 12pt 1.5in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">with a copy to:</FONT></P>

<P style="MARGIN: 0in 0in 12pt 1.5in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Wachtell, Lipton, Rosen &amp; Katz<BR>51 West 52nd Street<BR>New&nbsp;York, New&nbsp;York 10019<BR>Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trevor S. Norwitz, Esq.<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DongJu Song, Esq.<BR>Fax No.:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (212) 403-2000</FONT></P>

<H3 style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" color=black face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman">If to Purchaser:</FONT></H3>

<P style="MARGIN: 0in 0in 12pt 1.5in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MHE Acquisition, LLC<BR>c/o Apollo Management VII, L.P.<BR>9 West 57<SUP>th</SUP> Street, 48<SUP>th</SUP> floor<BR>New York, NY 10019<BR>Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Laurie Medley<BR>Fax No.: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (212) 515-3251</FONT></P>

<P style="MARGIN: 0in 0in 12pt 1.5in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">with a copy to:</FONT></P>

<P style="MARGIN: 0in 0in 12pt 1.5in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP<BR>1285 Avenue of the Americas<BR>New&nbsp;York, New&nbsp;York 10019<BR>Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John M. Scott, Esq.<BR>Fax No.:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (212) 492 0574</FONT></P>

<H2 style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt; FONT-WEIGHT: normal" face="Times New Roman"><U>11.8</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Successors and Assigns</U>. This Agreement shall be binding upon, enforceable against and inure to the benefit of the Parties to this Agreement and their respective permitted</FONT></H2>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">successors and assigns; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">however</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that no Party to this Agreement may directly or indirectly assign any or all of its rights or delegate any or all of its obligations under this Agreement without the express prior written consent of each other Party to this Agreement; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">further</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">, that either Party may assign its rights under this Agreement to any of its Affiliates (so long as they remain Affiliates) or as collateral to any lender (or agent or trustee therefor) in connection with any bona fide financing arrangement, including in the case of Purchaser, the Debt Financing.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.9</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Amendments and Waivers</U>.&nbsp; This Agreement may not be modified or amended except by an instrument or instruments in writing signed by the Party against whom enforcement of any such modification or amendment is sought.&nbsp; Either Party to this Agreement may, only by an instrument in writing, waive compliance by the other Party to this Agreement with any term or provision of this Agreement on the part of such other Party to this Agreement to be performed or complied with. Any waiver shall constitute a waiver only with respect to the specific matter described therein and shall in no way impair the rights of the Party granting such waiver in any other respect or at any other time.&nbsp; The waiver by any of the Parties hereto of a breach of or a default under any of the provisions of this Agreement, or to exercise any right or privilege hereunder, shall not be construed as a waiver of any other breach or default of a similar nature or as a waiver of any such provisions, rights or privileges hereunder.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.10</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Severability</U>.&nbsp; If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party hereto.&nbsp; Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.11</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Specific Performance</U>.&nbsp; The Parties hereto agree that irreparable damage, for which monetary damages (even if available) would not be an adequate remedy, would occur in the event that the Parties hereto do not perform any provision of this Agreement in accordance with its specified terms or otherwise breach such provisions.&nbsp; Accordingly, the Parties acknowledge and agree that the Parties shall be entitled to an injunction, specific performance and other equitable relief to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions hereof, in addition to any other remedy to which they are entitled in Law or in equity.&nbsp; Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief on the basis that any other Party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for any reason at Law or in equity.&nbsp; Any Party seeking an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection with such order or injunction.&nbsp; The foregoing is in addition to any other remedy to which any party is entitled at law, in equity or otherwise.&nbsp; The Parties further agree that nothing set forth in this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;11.11&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> shall require any party hereto to institute any Action for (or limit any party&#8217;s right to institute any Action for) specific performance under this </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;11.11&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> prior </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">or as a condition to exercising any termination right under </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Article&nbsp;IX&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> (and pursuing damages after such termination).&nbsp; The Parties hereto agree that, notwithstanding anything herein to the contrary, Sellers shall be entitled to specific performance (or any other equitable relief) to cause Purchaser to draw down the Equity Financing under the Equity Commitment Letters and to cause Purchaser to effect the Closing on the terms and subject to the conditions in this Agreement, only if: (i)&nbsp;all conditions in </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Sections 8.1</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> and </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">8.2&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> have been satisfied as of the date on which the Closing would otherwise be required to occur (other than those conditions that, by their nature, can only be satisfied at the Closing (provided such conditions would have been satisfied as of such date); (ii)&nbsp;Purchaser fails to complete the Closing by the date the Closing would otherwise be required to have occurred pursuant to </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;2.3</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">; (iii)&nbsp;the Debt Financing (or Alternate Financing in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">) has been funded, or would be funded to Purchaser at the Closing, if the Equity Financing is funded at the Closing (</FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">provided&nbsp;</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> that Purchaser shall not be required to draw down the Equity Financing or to consummate the Closing if the Debt Financing is not in fact funded at the Closing); (iv)&nbsp;the Closing will occur substantially simultaneously with the drawdown of the Debt Financing (or Alternate Financing in accordance with </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Section&nbsp;5.14</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">); and (v)&nbsp; Sellers have irrevocably confirmed in writing to Purchaser that Sellers are prepared to and able to effect the Closing upon funding of the Equity Financing and Debt Financing.</FONT></P></DIV>

<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.12</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>No Admission</U>.&nbsp; Nothing herein shall be deemed an admission by Sellers or any of their respective Affiliates, in any Action or proceeding involving a third party, that such third party is or is not in breach or violation of, or in default in, the performance or observance of any term or provisions of any contract.<BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.13</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Agency</U>.&nbsp; Each Seller hereby grants Parent the power to take any action on behalf of all Sellers and to act as the agent for, and on behalf of, all Sellers regarding any matter relating to or under this Agreement and Purchaser agrees that any action that may be taken by Sellers may be taken by Parent on behalf of all Sellers.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>11.14</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Counterparts</U>. This Agreement may be executed in one or more counterparts, and by either of the Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.&nbsp; Delivery of an executed counterpart of a signature page to this Agreement by facsimile shall be as effective as delivery of a manually executed counterpart of this Agreement.</FONT></P>

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<P style="MARGIN: 0in 0in 24pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">IN WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of the parties as of the day first above written.</FONT></P>

<P style="MARGIN: 0in 0in 0.25in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">THE MCGRAW-HILL COMPANIES, INC.</FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:_______<U> /s/ Harold W. McGraw III</U>______ </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name: Harold W. McGraw III<BR>Title:&nbsp;&nbsp;&nbsp; Chairman, President and Chief Executive Officer</FONT></P>

<P style="MARGIN: 0in 0in 0.25in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MCGRAW-HILL VENTURES, INC.</FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:_______<U> /s/ Charles L. Teschner, Jr.</U>____ </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name: Charles L. Teschner, Jr.&nbsp; <BR>Title:&nbsp;&nbsp;&nbsp; President</FONT></P>

<P style="MARGIN: 0in 0in 0.25in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MCGRAW-HILL INTERNATIONAL (U.K.) LTD.</FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:________<U>/s/ Elizabeth O'Melia</U>______<U> </U>_ </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name: Elizabeth O'Melia<BR>Title:&nbsp;&nbsp;&nbsp; Director</FONT></P>

<P style="MARGIN: 0in 0in 0.25in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MCGRAW-HILL EUROPEAN HOLDINGS<BR>(LUXEMBOURG) SARL</FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:________<U>/s/ Peter Scheschuk</U>_________ </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name: Peter Scheschuk<BR>Title:&nbsp;&nbsp;&nbsp; Director</FONT></P>

<P style="MARGIN: 0in 0in 0.25in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MCGRAW-HILL ASIAN HOLDINGS (SINGAPORE) PTE LTD.</FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:________<U>/s/ Anthony Lorin</U>__________ </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name:&nbsp; Anthony Lorin<BR>Title:&nbsp;&nbsp;&nbsp;&nbsp;Director</FONT></P>

<P style="MARGIN: 0in 0in 0.25in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MCGRAW-HILL EDUCATION LLC</FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:________<U>/s/ Lloyd G. Waterhouse</U>____ </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name:&nbsp; Lloyd G. Waterhouse<BR>Title:&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer</FONT></P><FONT style="FONT-SIZE: 12pt" lang=EN-US face="times new roman"><BR clear=all></FONT>

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<P style="MARGIN: 0in 0in 0in 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">MHE ACQUISITION, LLC</FONT></P>

<P style="MARGIN: 0in 0in 0pt 3in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By: </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">APOLLO MANAGEMENT VII, L.P., its manager <BR><BR>By:&nbsp;&nbsp;&nbsp;&nbsp; AIF VII Management, LLC, <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; its general partner<BR><BR><BR><BR></FONT></P>

<P style="TEXT-INDENT: -27.35pt; MARGIN: 0in 0in 24pt 243.35pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:<U>________/s/ Laurence Berg</U>____________ </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR></FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name:&nbsp; Laurence Berg<BR>Title:&nbsp;&nbsp;&nbsp;&nbsp; Vice President </FONT></P>

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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit 99.1</FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">McGraw-Hill to Sell Education Business to <BR>Apollo for $2.5 Billion</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman"></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">McGraw Hill Financial To Be</FONT></I></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">A High-Margin Global Benchmark and Analytics Powerhouse with </FONT></I></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">Strong Cash Flow and Faster Growth Potential</FONT></I></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 11pt" lang=EN-US face=calibri,sans-serif></FONT></I></B>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">NEW YORK, November 26,2012</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8212;The McGraw-Hill Companies (NYSE:&nbsp;MHP) (&#8220;the Company&#8221;) today announced it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, &#8220;Apollo&#8221;), for a purchase price of $2.5 billion, subject to certain closing adjustments.&nbsp; As part of this transaction, McGraw-Hill will receive $250 million in senior unsecured notes issued by the purchaser at an annual interest of 8.5%.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The transaction, which is expected to close in late 2012 or early 2013, is subject to regulatory approval and customary closing conditions.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Upon closing, McGraw-Hill, which will be renamed McGraw Hill Financial (subject to shareholder approval), will be a high-growth, high-margin benchmarks, content and analytics company in the global capital and commodities markets. &nbsp;With customers in more than 150 countries, McGraw Hill Financial expects 2012 revenue of approximately $4.4 billion with nearly 40% from international markets.&nbsp; The Company will provide 2013 financial guidance for McGraw Hill Financial when it announces its 2012 fourth quarter and year-end financial results. </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;After carefully considering all of the options for creating shareholder value, the McGraw-Hill Board of Directors concluded that this agreement generates the best value and certainty for our shareholders and will most favorably position the world-class assets of McGraw-Hill Education for long-term success,&#8221;&nbsp;said Harold McGraw III, Chairman, President and CEO of The McGraw-Hill Companies who will lead McGraw Hill Financial once the transaction is complete.&nbsp; &#8220;We were able to secure an attractive outcome and create additional balance sheet flexibility for McGraw Hill Financial.&#8221; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Mr. McGraw added, &#8220;McGraw-Hill Education is a leader in digital learning with world-class content and enormously talented and committed employees.&nbsp; As we begin the next chapter in our rich history, I am very proud of and grateful to all the McGraw-Hill Education professionals who are contributing so much to the company and to educators, administrators and students all over the world. &nbsp;I look forward to seeing their continued success with the expertise and support of Apollo.&#8221;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;We are excited about this announcement and what it means for McGraw-Hill Education,&#8221; added Lloyd G. &#8220;Buzz&#8221; Waterhouse, President and CEO of McGraw-Hill Education. &nbsp;&#8220;Apollo is a </FONT>


<FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">leading global alternative investment manager and its affiliated funds have made significant investments in learning companies for more than a decade. &nbsp;McGraw-Hill Education&#8217;s expertise and premier brands coupled with Apollo&#8217;s resources represent a powerful combination.&#8221;</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Larry Berg, Senior Partner of Apollo said, "With a longstanding track record of investing behind leaders in education, Apollo is pleased to be acquiring a marquee business that has been a pioneer in educational innovation and excellence for over a century. &nbsp;McGraw-Hill Education has a deep and impassioned management team, and we share their enthusiasm and strategic vision for the business. &nbsp;We look forward to leveraging the company&#8217;s leading portfolio of trusted brands and innovative digital learning solutions to drive growth through the ongoing convergence of education and technology on a global basis." </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8220;Today&#8217;s transaction marks a transformative time for our company, shareholders, customers and employees,&#8221; Mr. McGraw said.&nbsp; &#8220;This move builds on McGraw-Hill&#8217;s strong legacy and gives us an unprecedented opportunity to focus on accelerating the growth of our iconic brands and leading franchises such as Standard &amp; Poor&#8217;s, S&amp;P Dow Jones Indices, S&amp;P Capital IQ, Platts and J.D. Power and Associates.&nbsp; The strong trends driving global financial markets create enormous growth opportunities for McGraw Hill Financial. &nbsp;As markets become more interconnected, as more borrowers around the world fund growth through the capital markets, and as technology produces more and more data in a complex world, our leading brands provide essential intelligence and independent benchmarks across asset classes and markets.&#8221;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Upon closing of the transaction, McGraw Hill Financial will have considerable balance sheet flexibility.&nbsp; The Company will use the estimated proceeds of approximately $1.9 billion, net of tax and certain closing adjustments, from this sale to sustain its share repurchase program, to make selective tuck-in acquisitions that enhance McGraw Hill Financial&#8217;s portfolio of powerful brands, and to pay off any short-term borrowing obligations.&nbsp; </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Beginning in the fourth quarter of 2012, the Company will classify and report results of McGraw-Hill Education as discontinued operations.&nbsp; As a result of this transaction, the Company anticipates a non-cash impairment charge in the fourth quarter of approximately $450 to $550 million relating to the School Education Group.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The McGraw-Hill Companies announced in September 2011 it would separate into two industry-leading companies following a year-long strategic portfolio review.&nbsp; This decision was a key driver of the Company&#8217;s Growth and Value Plan, which also included a commitment to generate $100 million in cost savings and a significant share repurchase program. &nbsp;On November 2, 2012, the Company provided an update of its progress on these initiatives and will do so again when it announces its 2012 fourth quarter and year-end results. </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">McGraw-Hill received financial advice from Evercore Partners and Goldman, Sachs &amp; Co., and legal advice from Wachtell, Lipton, Rosen &amp; Katz and Clifford Chance. </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Apollo received financial advice from Credit Suisse, UBS&nbsp;Investment Bank&nbsp;and BMO Financial Group.&nbsp;<FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">The financing is being provided by Credit Suisse, Morgan Stanley, Jefferies, UBS Investment Bank, Nomura and BMO.</FONT> </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Apollo received legal advice from Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP and Morgan, Lewis and Bockius LLP</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">About McGraw Hill Financial</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">McGraw Hill Financial will be a powerhouse in benchmarks and analytics for the global capital and commodity markets and includes the following leading brands: Standard &amp; Poor&#8217;s, S&amp;P Dow Jones Indices, S&amp;P Capital IQ, Platts, Crisil, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week.&nbsp; The Company&#8217;s mission is to promote sustainable growth by bringing transparency and independent insights to the global capital and commodity markets.&nbsp; The Company will have approximately 17,000 employees in more than 30 countries around the world. &nbsp;For more information, please visit www.mcgraw-hill.com.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">About McGraw-Hill Education&nbsp;</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">McGraw-Hill Education is a digital learning&nbsp;company that draws on its more than 100 years of educational expertise to offer solutions which improve learning outcomes around the world. McGraw-Hill Education is the adaptive education technology leader with the vision for creating a highly personalized learning experience that prepares students of all ages for the world that awaits.&nbsp; The Company has offices across North America, India, China, Europe, the Middle East and South America, and makes its learning solutions available in more than 65 languages.&nbsp; For additional information, visit&nbsp;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">www.mheducation.com</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">.&nbsp;</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Forward-Looking Statements</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Statements in this news release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.&nbsp; Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements.&nbsp; </FONT><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman">In particular, the sale transaction described is subject to certain risks and uncertainties, including the ability of the buyer to obtain financing, the ability to obtain all required regulatory approvals and the anticipated tax treatment of the sale and related transactions, as well as risks relating to any unforeseen liabilities, losses, declines in economic performance or future prospects.</FONT><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US color=blue face="Times New Roman">&nbsp; </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, which can be obtained at its website at </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=blue face="Times New Roman">http://www.sec.gov</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">.&nbsp; We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Contacts</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">:&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Patti R&#246;ckenwagner</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Senior Vice President, Corporate Communications</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">(212) 512-3533</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">patti_rockenwagner@mcgraw-hill.com</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Chip Merritt</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">Vice President, Investor Relations</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">(212) 512-4321 </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">chip_merritt@mcgraw-hill.com</FONT></P>

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