<SEC-DOCUMENT>0001157523-18-001708.txt : 20180803
<SEC-HEADER>0001157523-18-001708.hdr.sgml : 20180803
<ACCEPTANCE-DATETIME>20180803160608
ACCESSION NUMBER:		0001157523-18-001708
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180802
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180803
DATE AS OF CHANGE:		20180803

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Adtalem Global Education Inc.
		CENTRAL INDEX KEY:			0000730464
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				363150143
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0811

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13988
		FILM NUMBER:		18991851

	BUSINESS ADDRESS:	
		STREET 1:		500 WEST MONROE
		STREET 2:		28TH FLOOR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60661
		BUSINESS PHONE:		630-515-7700

	MAIL ADDRESS:	
		STREET 1:		500 WEST MONROE
		STREET 2:		28TH FLOOR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60661

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Adtalem Global Education
		DATE OF NAME CHANGE:	20170522

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Adtalem Global Education Inc.
		DATE OF NAME CHANGE:	20170519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Adtalem Global Education
		DATE OF NAME CHANGE:	20170519
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51848254.htm
<DESCRIPTION>ADTALEM GLOBAL EDUCATION INC. 8-K
<TEXT>
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    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 16pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 16pt"></font><font style="font-size: 16pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of Report</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>(Date
      of earliest event reported)</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>August
      2, 2018</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt"><b>ADTALEM GLOBAL EDUCATION INC.</b></font><br><i><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font></i><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="white-space: nowrap; width: 34%; text-align: center; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-13988</b>
          </p>
        </td>
        <td style="white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>36-3150143</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State of incorporation)
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>500 West Monroe</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Chicago, IL</b>
          </p>
        </td>
        <td style="white-space: nowrap; width: 50%; text-align: center; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>60661</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Zip
            Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>(630) </b></font><b>515-7700</b><br><font style="font-family: Times New Roman">(Registrant&#8217;s
      telephone number, including area code)</font><br><br><font style="font-family: Times New Roman"><b>N/A</b></font><br><font style="font-family: Times New Roman">(Former
      name or former address, if changed since last report)</font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p>
      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 (see General Instruction A.2. below):
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font><br><br><br>
    </p>
    <p style="text-align: justify">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CPR
      &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
      &#167;240.12b-2).
    </p>
    <p>
      Emerging growth company&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.<font style="font-size: 10pt">&#160;&#160;</font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 10%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 1.01.</b>
          </p>
        </td>
        <td style="width: 90%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Entry into a Material Definitive Agreement.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On August 2, 2018, Adtalem Global Education, Inc. (&#8220;Adtalem&#8221;)
      entered into Amendment No. 1 to the Stock Purchase Agreement (&#8220;Amendment
      No. 1&#8221;) with Cogswell Education, LLC (&#8220;Cogswell&#8221;).&#160;&#160;Amendment No. 1
      amends the Stock Purchase Agreement, dated as of December 4, 2017 (the
      &#8220;Agreement&#8221;), by and between Adtalem and Cogswell. Amendment No. 1
      extends the number of days following receipt of a Department of
      Education Preacquisition Response during which Cogswell may terminate
      the Agreement from 45 days to 90 days, expands the circumstances under
      which Adtalem will reimburse Cogswell for certain third party expenses
      and increases the amount of Cogswell's third party expenses that shall
      be fully reimbursed by Adtalem in certain circumstances to $750,000 and
      partially reimbursed to $850,000.
    </p>
    <p>
      The foregoing description of Amendment No. 1 does not purport to be
      complete and is qualified in its entirety by reference to the full text
      of Amendment No. 1, a copy of which is filed as Exhibit 2.1 to this
      Current Report on Form 8-K and is incorporated herein by reference.<br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 10%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 8.01.</b>
          </p>
        </td>
        <td style="width: 90%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Other Events.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      On August 3, 2018, Adtalem issued a press release announcing plans to
      relocate Ross University School of Medicine&#8217;s medical sciences campus
      from Dominica to Barbados.&#160;&#160;A copy of the press release is attached
      hereto as Exhibit 99.1.<br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 10%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td style="width: 90%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">
      <a href="a51848254ex2_1.htm">2.1</a> &#160;&#160;&#160;&#160;&#160;&#160;<a href="a51848254ex2_1.htm">Amendment
      No. 1 to the Stock Purchase Agreement, dated as of August 2, 2018, by
      and between Adtalem and Cogswell</a>
    </p>
    <p style="white-space: nowrap">
      <a href="a51848254ex99_1.htm">99.1</a>&#160;&#160;&#160;&#160;&#160;&#160;<a href="a51848254ex99_1.htm">Press
      Release of Adtalem, dated August 3, 2018.</a>
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font><br>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font><br><br><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>ADTALEM GLOBAL EDUCATION INC.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          (Registrant)
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 45%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 4%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          By:
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; width: 46%; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Stephen W. Beard
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 46%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Stephen W. Beard
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 46%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President, General Counsel
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="width: 45%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            August 3, 2018
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>a51848254ex2_1.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
<html>
  <head>
    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 2.1</b>
    </p>
    <p style="text-align: center; text-indent: 30.0px">
      <font style="font-size: 10pt"><b>AMENDMENT NO. 1 TO STOCK PURCHASE
      AGREEMENT</b></font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">THIS AMENDMENT NO. 1 TO STOCK PURCHASE
      AGREEMENT (this &#8220;</font><u><font style="font-size: 10pt">Amendment</font></u><font style="font-size: 10pt">&#8221;),
      dated as of August __, 2018, is made and entered into by and between
      ADTALEM GLOBAL EDUCATION INC., a Delaware corporation (&#8220;</font><u><font style="font-size: 10pt">Seller</font></u><font style="font-size: 10pt">&#8221;)
      and Cogswell Education, LLC, a Delaware limited liability company (&#8220;</font><u><font style="font-size: 10pt">Buyer</font></u><font style="font-size: 10pt">&#8221;).
      Each of the foregoing parties is referred to herein as a &#8220;</font><u><font style="font-size: 10pt">Party</font></u><font style="font-size: 10pt">&#8221;
      and collectively as the &#8220;</font><u><font style="font-size: 10pt">Parties</font></u><font style="font-size: 10pt">&#8221;.</font>
    </p>
    <p style="text-align: center; margin-left: 30.0px">
      <u><font style="font-size: 10pt">RECITALS</font></u>
    </p>
    <p style="margin-left: 30.0px">
      <font style="font-size: 10pt">A. The Parties desire to amend the Stock
      Purchase Agreement (the &#8220;</font><u><font style="font-size: 10pt">Agreement</font></u><font style="font-size: 10pt">&#8221;),
      dated as of December 4, 2017, by and between the Parties;&#160;&#160;</font>
    </p>
    <p style="margin-left: 30.0px">
      <font style="font-size: 10pt">B. All capitalized terms used, but not
      defined, in this Amendment will have the meanings assigned to such terms
      in the Agreement; and</font>
    </p>
    <p style="margin-left: 30.0px">
      <font style="font-size: 10pt">C. In accordance with Section 11.02 of the
      Agreement, the Parties have determined to amend the Agreement as set
      forth in this Amendment.</font>
    </p>
    <p style="text-align: center; text-indent: 30.0px">
      <u><font style="font-size: 10pt">AGREEMENT</font></u>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">Intending to be legally bound, the Parties
      hereby agree as follows:</font>
    </p>
    <p style="text-align: center; text-indent: 30.0px">
      <font style="font-size: 10pt">ARTICLE 1</font><br><font style="font-size: 10pt">AMENDMENTS</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">Section 1.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 10.01(c) of
      the Agreement is hereby amended to extend the date by which Buyer will
      be permitted to terminate the Agreement as a result of the receipt of a
      DOE Preacquisition Response that does not satisfy Section 8.01(b) of the
      Agreement to October 1, 2018.&#160;&#160;Section 10.01(c) of the Agreement shall,
      following this Amendment, read in full as follows:</font> <font style="font-size: 10pt">by
      Seller or Buyer, if the conditions set forth in &#8206;</font><u><font style="font-size: 10pt">Section
      8.01(b)</font></u><font style="font-size: 10pt"> will not have been
      satisfied and such failure to satisfy the conditions set forth in &#8206;</font><u><font style="font-size: 10pt">Section
      8.01(b)</font></u><font style="font-size: 10pt"> will not be curable
      prior to the Outside Date, </font><u><font style="font-size: 10pt">provided</font></u><font style="font-size: 10pt">
      </font><u><font style="font-size: 10pt">that</font></u><font style="font-size: 10pt">,
      the right to terminate this Agreement under this &#8206;</font><u><font style="font-size: 10pt">Section
      10.01(c)</font></u><font style="font-size: 10pt"> will expire, and the
      conditions set forth under &#8206;</font><u><font style="font-size: 10pt">Section
      8.01(b)(i)</font></u><font style="font-size: 10pt"> will be deemed
      waived by Buyer, on October 1, 2018;</font> <font style="font-size: 10pt">Section
      1.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 11.03 of the Agreement is hereby amended to increase
      the amount of Buyer&#8217;s documented out-of-pocket third-party expenses
      incurred in connection with the Agreement that shall be reimbursed by
      Seller and the circumstances under which such reimbursement shall be
      made.&#160;&#160;Section 11.03 of the Agreement shall, following this Amendment,
      read in full as follows:</font>
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px">
      <u><font style="font-size: 10pt">Expenses</font></u><font style="font-size: 10pt">.&#160;&#160;Regardless
      of whether the transactions provided for in this Agreement are
      consummated, except as otherwise provided herein, each Party will pay
      its own expenses incident to this Agreement and the transactions
      contemplated herein; </font><u><font style="font-size: 10pt">provided</font></u><font style="font-size: 10pt">,
      </font><u><font style="font-size: 10pt">that</font></u><font style="font-size: 10pt">,
      if this Agreement is terminated under &#8206;</font><u><font style="font-size: 10pt">Section
      10.01(b)</font></u><font style="font-size: 10pt">, </font><u><font style="font-size: 10pt">&#8206;Section
      10.01(c)</font></u><font style="font-size: 10pt">, &#8206;</font><u><font style="font-size: 10pt">Section
      10.01(d)</font></u><font style="font-size: 10pt">, </font><u><font style="font-size: 10pt">Section
      10.01(e)</font></u><font style="font-size: 10pt">, &#8206;</font><u><font style="font-size: 10pt">Section
      10.01(g)</font></u><font style="font-size: 10pt">, &#8206;</font><u><font style="font-size: 10pt">Section
      10.01(i)</font></u><font style="font-size: 10pt"> or &#8206;</font><u><font style="font-size: 10pt">Section
      10.01(j)</font></u><font style="font-size: 10pt">&#160;&#160;(but only to the
      extent Buyer is not in breach of this Agreement at the time of such
      termination), Seller shall reimburse certain of Buyer&#8217;s documented
      out-of-pocket third-party expenses incurred in connection with this
      Agreement, which amount shall be calculated as follows: (i) for such
      expenses totaling $750,000 or less, Seller shall be responsible for and
      reimburse Buyer for all such expenses; (ii) for such expenses incurred
      above $750,000 up to $850,000, Seller shall be responsible for and
      reimburse Buyer for two-thirds of such expenses; and (iii) for such
      expenses incurred exceeding $850,000, Buyer shall be responsible for
      such expenses and shall not be entitled to any reimbursement from
      Seller.&#160;&#160;For the avoidance of doubt, Seller&#8217;s obligation to reimburse
      Buyer for documented out-of-pocket third-party expenses incurred in
      connection with this Agreement shall not exceed $816,666.67.</font>
    </p>
    <p style="text-indent: 30.0px">

    </p>
    <p style="text-indent: 30.0px; text-align: center">
      <font style="font-size: 10pt">ARTICLE </font><br><font style="font-size: 10pt">MISCELLANEOUS</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">Section 2.01 </font><u><font style="font-size: 10pt">Effect
      of Amendment</font></u><font style="font-size: 10pt">.&#160;&#160;This Amendment
      will be effective as of the date first written above.&#160;&#160;After giving
      effect to this Amendment, unless the context otherwise requires, each
      reference in the Agreement and the Exhibits, Sections, Schedules and
      Disclosure Schedules thereto to &#8220;this Agreement&#8221;, &#8220;the Agreement&#8221;,
      &#8220;hereof&#8221;, &#8220;herein&#8221; or words of like import referring to the Agreement
      will refer to the Agreement as amended by this Amendment.&#160;&#160;Except as
      amended hereby, the Agreement will continue in full force and effect and
      will be otherwise unaffected hereby.</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">Section 2.02 </font><u><font style="font-size: 10pt">Counterparts;
      Effectiveness</font></u><font style="font-size: 10pt">.&#160;&#160;This Amendment
      may be signed in any number of counterparts, each of which will be an
      original, with the same effect as if the signatures thereto and hereto
      were upon the same instrument. This Amendment will become effective when
      each Party will have received a counterpart hereof signed by all of the
      other Parties. Until and unless each Party has received a counterpart
      hereof signed by the other Parties, this Amendment will have no effect
      and no Party will have any right or obligation hereunder (whether by
      virtue of any other oral or written agreement or other communication).
      The exchange of a fully executed Amendment (in counterparts or
      otherwise) by electronic transmission in .PDF or other equivalent format
      or by facsimile will be sufficient to bind the Parties to the terms and
      conditions of this Amendment.</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">Section 2.03 </font><u><font style="font-size: 10pt">Headings</font></u><font style="font-size: 10pt">.
      The headings in this Amendment are for reference only and shall not
      affect the interpretation of this Amendment.</font>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt">Section 2.04&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><u><font style="font-size: 10pt">Other
      Miscellaneous Terms</font></u><font style="font-size: 10pt">.&#160;&#160;The
      provisions of Article XI of the Agreement shall apply </font><i><font style="font-size: 10pt">mutatis
      mutandis</font></i><font style="font-size: 10pt"> to this Amendment, and
      the Agreement as modified by this Amendment, taken together as a single
      agreement, reflecting the terms as modified hereby.</font>
    </p>
    <p style="text-indent: 30.0px; text-align: center">
      <i><font style="font-size: 10pt">[Signature Page Follows.]</font></i>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">IN WITNESS WHEREOF, the Parties have
      caused this Amendment to be duly executed by their respective authorized
      officers as of the day and year first above written.</font>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 50%">
          &#160;
        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          SELLER:
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          ADTALEM GLOBAL EDUCATION INC.
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; width: 40%; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name: Stephen W. Beard
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Title: Senior Vice President and General
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Counsel
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          BUYER:
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          COGSWELL EDUCATION, LLC
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; width: 40%; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="top">
          By:
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name: Bradley Palmer
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 40%; text-align: left; padding-left: 0.0px" valign="top">
          Title: Manager
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; text-align: center">
      <i><font style="font-size: 10pt">Signature Page to Amendment No. 1 to
      Stock Purchase Agreement</font></i>
    </p>
    <p style="text-indent: 30.0px">

    </p>
  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a51848254ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Adtalem
      Global Education Announces Barbados as New Location for Ross University
      School of Medicine</b></font>
    </p>
    <p>
      CHICAGO--(BUSINESS WIRE)--August 3, 2018--Adtalem Global Education
      (NYSE: ATGE), a leading global education provider, today announced it is
      relocating Ross University School of Medicine (RUSM)&#8217;s medical sciences
      campus to Barbados. The academic center will be in Bridgetown,
      leveraging existing facilities centrally located in the vibrant capital
      city. Student housing will be located in the parish of Christ Church at
      an existing housing community that includes access to a community
      center, shopping, day care, student services and transportation to
      campus. Students will begin the January 2019 semester at the new
      location, pending final regulatory approval from the U.S. Department of
      Education.
    </p>
    <p>
      &#8220;We are pleased to partner with Prime Minister Mia Mottley to establish
      the RUSM campus. The Barbados government has been a very collaborative
      partner during a pivotal time in RUSM&#8217;s history, and we are confident
      Barbados will be a positive and productive learning environment for our
      students, faculty and staff,&#8221; said Lisa Wardell, president and CEO of
      Adtalem. &#8220;The decision to relocate RUSM from Dominica was complex and
      one we approached with great deliberation. After careful consideration
      of multiple options, including a review of our academic and
      infrastructure requirements and future plans for RUSM, we believe the
      move is in the long-term best interest of our RUSM community.&#8221;
    </p>
    <p>
      Prime Minister Mottley, in welcoming Ross University to Barbados, said,
      &#8220;This is the type of investment that is very important to the
      advancement of the Barbadian economy, and which will also add
      immeasurably to our diversity. I am confident that this prestigious
      university campus will impact significantly on the Barbadian landscape
      on many levels. We are committed to transforming Barbados into a hub for
      educational and medical services, including educational and medical
      tourism. We recognise that these areas of tourism are among the fastest
      growing areas in travel and tourism worldwide. This venture will be an
      important pillar in that mission. We are very proud of our
      infrastructure and expect RUSM students and faculty to settle very
      quickly within our community, benefitting not only academically but also
      from the rich cultural experiences that they will have while living
      here.&#8221;
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Founded in 1978, RUSM is a significant contributor to the U.S. medical
      workforce. RUSM&#8217;s 14,000 diverse alumni practice medicine throughout
      North America and across all specialties, including a high percentage of
      graduates who enter the in-demand field of primary care. In September of
      2017, Dominica was severely damaged by Hurricane Maria, causing
      devastation to the island, its buildings and infrastructure, and leading
      to the safe evacuation of our students and faculty. Since that time, the
      institution has maintained the quality and continuity of its medical
      education program at temporary locations while damage assessment, repair
      and rebuilding has occurred on the Dominica campus.
    </p>
    <p>
      &#8220;Our students, faculty and staff have persevered through extraordinary,
      unanticipated challenges from a natural disaster. I&#8217;m very proud of
      their dedication,&#8221; said William F. Owen, Jr. MD, FACP, RUSM dean and
      chancellor. &#8220;Our medical education program is the foundation for careers
      that will improve many communities and many lives, and we expect our
      medical community will both contribute to and benefit from our new
      campus in Barbados.&#8221;
    </p>
    <p>
      Adtalem is very mindful of the people of Dominica and the needs of the
      community, and is creating a plan in close coordination with Prime
      Minister Roosevelt Skerrit and the government of Dominica that will take
      these matters into meaningful consideration, including an appropriate
      transition of our campus property and buildings.&#160;Furthermore, Adtalem is
      committed to providing support to colleagues during the transition.
    </p>
    <p>
      <b>About Ross University School of Medicine</b>
    </p>
    <p>
      Ross University School of Medicine is a member of Adtalem Global
      Education (NYSE: ATGE), a global education provider headquartered in the
      United States. The organization's purpose is to empower students to
      achieve their goals, find success and make inspiring contributions to
      our global community. Founded in 1978, RUSM is committed to educating a
      diverse group of skilled physicians to serve as leaders in the U.S.
      healthcare system. With more than 14,000 alumni, RUSM is an important
      contributor to healthcare in North America. RUSM is accredited by the
      Caribbean Accreditation Authority for Education in Medicine and Other
      Health Professions (CAAM-HP). For more information, please visit <u>www.medical.rossu.edu</u>.
    </p>
    <p>
      <b>About Adtalem Global Education</b>
    </p>
    <p>
      The purpose of Adtalem Global Education is to empower students to
      achieve their goals, find success, and make inspiring contributions to
      our global community. Adtalem Global Education Inc. (NYSE: ATGE; member
      S&amp;P MidCap 400 Index) is a leading global education provider and the
      parent organization of Adtalem Educacional do Brasil, American
      University of the Caribbean School of Medicine, Association of Certified
      Anti-Money Laundering Specialists, Becker Professional Education,
      Carrington College, Chamberlain University, DeVry University and its
      Keller Graduate School of Management, EduPristine, Ross University
      School of Medicine and Ross University School of Veterinary Medicine.
      For more information, please visit&#160;adtalem.com.
    </p>
    <p>
      CONTACT:<br>Adtalem Global Education<br>Media Contact:<br>Ernie Gibble<br><u>ernie.gibble@adtalem.com</u><br>773-454-7132<br>or<br>Investor
      Contact:<br>Beth Coronelli<br><u>beth.coronelli@adtalem.com</u><br>630-353-9035
    </p>
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