<SEC-DOCUMENT>0000895345-21-000938.txt : 20211108
<SEC-HEADER>0000895345-21-000938.hdr.sgml : 20211108
<ACCEPTANCE-DATETIME>20211108162000
ACCESSION NUMBER:		0000895345-21-000938
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20211108
DATE AS OF CHANGE:		20211108
GROUP MEMBERS:		STEVEN A. COHEN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAUREATE EDUCATION, INC.
		CENTRAL INDEX KEY:			0000912766
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				521492296
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-42825
		FILM NUMBER:		211388262

	BUSINESS ADDRESS:	
		STREET 1:		650 S. EXETER STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		4108436100

	MAIL ADDRESS:	
		STREET 1:		650 S. EXETER STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SYLVAN LEARNING SYSTEMS INC
		DATE OF NAME CHANGE:	19930929

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CPV Partners, LLC
		CENTRAL INDEX KEY:			0001763844
		IRS NUMBER:				472041495
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		72 CUMMINGS POINT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		203-890-2000

	MAIL ADDRESS:	
		STREET 1:		72 CUMMINGS POINT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>ff123456_13da-cpv.htm
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Washington, D.C.&#160; 20549</div>
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    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SCHEDULE 13D</div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(Amendment No. 7)*</div>
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    <div style="margin: 0px 0px; text-align: center;"><font style="font-weight: bold;">LAUREATE EDUCATION, INC.</font>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif;">(Name of Issuer)</div>
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    <div style="margin: 0px 0px; text-align: center;"><font style="font-weight: bold;">Common Stock, Par Value $0.004 Per Share</font>
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    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif;">(Title of Class of Securities)</div>
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    <div style="margin: 0px 0px; text-align: center;"><font style="font-weight: bold;">518613203</font>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif;">(CUSIP Number)</div>
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    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Jason M. Colombo</div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Point72 Asset Management, L.P.</div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">72 Cummings Point Road</div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Stamford, CT 06902</div>
    <div style="margin: 0px 0px; text-align: center;"><font style="font-weight: bold;">(203) 890-2000</font>
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    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif;">(Name, Address and Telephone Number of Person</div>
    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif;">Authorized to Receive Notices and Communications)</div>
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    <div style="margin: 0px 0px; text-align: center;"><font style="font-weight: bold;">October 28, 2021</font>
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    <div style="text-align: center; margin-right: 54pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif;">(Date of Event which Requires Filing of this Statement)</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
      &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: &#9744;</div>
    <div><br>
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    <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;"><font style="font-weight: bold;">Note</font>: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all
      exhibits.&#160; See Rule 240.13d-7 for other parties to whom copies are to be sent.</div>
    <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and
      for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>
    <div style="margin-bottom: 6pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of
      1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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            <div style="font-weight: bold;">CUSIP No. 518613203</div>
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            <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
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            <div style="text-align: right; font-weight: bold;"><br>
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            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
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          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160; CPV Partners, LLC </div>
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          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(a)</div>
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            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
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          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(b)</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
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            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
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          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160; AF </div>
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            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
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          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
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          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
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          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160; Delaware </div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
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          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
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          <td colspan="2" rowspan="12" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%">
            <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
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          <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="TEXT-ALIGN: left">&#160; 24,070,640 (see Item 5) </div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="TEXT-ALIGN: left">&#160; 16,011,838 (see Item 5) </div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160; 24,070,640 (see Item 5) </div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160; 13.3% (see Item 5) </div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
          </td>
          <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
            <div style="TEXT-ALIGN: left">&#160; OO </div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-weight: bold;">CUSIP No. 518613203</div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
            </td>
            <td style="width: 19.88%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-weight: bold;"><br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td rowspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
            </td>
            <td colspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160; Steven A. Cohen </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 13px">
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: right">(a)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: right">(b)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160; AF </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160; United States </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%">
              <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="TEXT-ALIGN: left">&#160; 24,070,640 (see Item 5) </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="TEXT-ALIGN: left">&#160; 16,011,838 (see Item 5) </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160; 24,070,640 (see Item 5) </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160; 13.3% (see Item 5) </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160; IN </div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="color: #000000; font-family: 'Times New Roman', serif;"><u>Explanatory Note</u>:</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">This Amendment No. 7 to Schedule 13D (this &#8220;<u>Amendment No. 7</u>&#8221;) amends the initial statement on Schedule 13D filed by Point72 Asset Management, L.P.,
        Point72 Capital Advisors, Inc. and Steven A. Cohen (the &#8220;<u>Initial Reporting Persons</u>&#8221;) on February 16, 2017, as amended by Amendment No. 1 filed by the Initial Reporting Persons on January 5, 2018, Amendment No. 2 filed by the Initial
        Reporting Persons and Cohen Private Ventures, LLC (&#8220;<u>Cohen Private Ventures</u>&#8221;) on April 25, 2018, Amendment No. 3 filed by Steven A. Cohen and Cohen Private Ventures on November 21, 2018, Amendment No. 4 filed by CPV Partners, LLC (&#8220;<u>CPV
          Partners</u>&#8221;), Steven A. Cohen and Cohen Private Ventures on January 4, 2019, Amendment No. 5 filed by Steven A. Cohen and CPV Partners on June 19, 2019, and Amendment No. 6 filed by Steven A. Cohen and CPV Partners on April 2, 2021 (the initial
        statement on Schedule 13D, as amended, the &#8220;<u>Statement</u>&#8221; or the &#8220;<u>Schedule 13D</u>&#8221;).&#160; This Amendment No. 7 is being filed by Steven A. Cohen and CPV Partners (collectively, the &#8220;<u>Reporting Persons</u>&#8221;), as further described herein, in
        respect of the common stock, par value $0.004 per share (the &#8220;<u>Common Stock</u>&#8221;), of Laureate Education, Inc., a Delaware public benefit corporation (the &#8220;<u>Issuer</u>&#8221;).&#160; Each Item below amends and supplements the information disclosed under
        the corresponding Item of the Statement.&#160; Except as specifically provided herein, this Amendment No. 7 does not modify any of the information previously reported in the Schedule 13D.&#160; Capitalized terms used herein but not otherwise defined herein
        shall have the meanings ascribed to them in the Schedule 13D.</div>
      <div><br>
      </div>
      <div>
        <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 4.&#160;&#160; Purpose of Transaction.</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">Item 4 of the&#160;Schedule 13D is hereby amended by adding the following:</div>
      </div>
      <div style="text-align: justify; margin-top: 6pt; color: #000000; font-family: 'Times New Roman', serif;">
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">On October 28, 2021, certain investors in Wengen Alberta, Limited Partnership (&#8220;Wengen&#8221;) other than the Reporting Persons elected to have their interests in Wengen redeemed in
          exchange for delivery by Wengen to such investors of the number of shares of Issuer common stock corresponding to the Wengen interests so redeemed (the &#8220;<u>Redemption</u>&#8221;).&#160; Following the Redemption and cancellation of Wengen interests held by
          certain investors in Wengen affiliated with Kohlberg Kravis Roberts &amp; Co. L.P. (&#8220;KKR&#8221;), KKR and its affiliated entities no longer hold limited partnership interests in Wengen and KKR&#8217;s representative on the board of directors of Wengen
          Investments Limited, the general partner of Wengen (&#8220;Wengen GP&#8221;) is expected to resign.</div>
      </div>
      <div style="text-align: justify; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', serif;">Because the Class B common stock, par value $0.004 per share (the &#8220;<u>Class B Common Stock</u>&#8221;) outstanding after giving effect to the
        Redemption represented less than 15% of the total outstanding Class A common stock, par value $0.004 per share (&#8220;<u>Class A Common Stock</u>&#8221;) and Class B Common Stock, pursuant to the Issuer&#8217;s certificate of incorporation each share of Class A
        Common Stock and each share of Class B Common Stock automatically converted into one share of the Issuer&#8217;s common stock (the &#8220;<u>Common Stock</u>&#8221;), effective October 29, 2021. Following the conversion, the Issuer has only one class of Common Stock
        outstanding, and the Issuer no longer qualifies for the &#8220;controlled company&#8221; exemption under the Nasdaq rules.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">In connection with the Redemption, Wengen, Wengen Investments Limited, the general partner of Wengen (&#8220;Wengen GP&#8221;), and the Issuer on October 28, 2021 entered
        into an Amendment No. 1 (the &#8220;<u>Amendment No. 1</u>&#8221;) to the Amended and Restated Securityholders Agreement dated as of February 6, 2017 (the &#8220;<u>Wengen Securityholders Agreement</u>&#8221;), as further described in Item 6 below, which amendment was
        approved by the Wengen Investors in accordance with the Wengen Securityholders Agreement.&#160; As a result of the rights and obligations contained in the Amendment No. 1, the Reporting Persons may be deemed a &#8220;group&#8221; with certain of the other parties
        thereto who are subject to the voting obligations contained therein, as further described in Item 6.&#160; Wengen, the other Wengen Investors and certain of their affiliates separately report their beneficial ownership of Common Stock on separate
        Schedule 13D filings.</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 5.&#160;&#160; Interest in Securities of the Issuer.</div>
      <div style="margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">Items 5(a), (b) and (c) of the Schedule 13D are hereby amended and restated as follows:</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">The information set forth in the cover pages of this Amendment No. 7, and in Item 4 hereto, are hereby incorporated by reference into this
        Item 5.</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">a) and b)&#160;CPV Partners may be deemed to beneficially own an aggregate of 24,070,640 shares of Class A Common Stock, which represents, in the
        aggregate, approximately 13.3% of the outstanding shares of the Issuer&#8217;s Common Stock, calculated pursuant to Rule 13d-3 of the Exchange Act, as a result of (i) CPV Partners&#8217; indirect beneficial ownership of 20,855,584 shares of Common Stock owned
        by Wengen, (ii) 15,864 shares of Class A Common Stock owned by an entity controlled by CPV Partners and of which it may be deemed to share beneficial ownership, and (iii) 3,199,192 shares of Class A Common Stock held by an entity controlled by CPV
        Partners, and of which it may be deemed to share beneficial ownership.&#160; Based on his control of CPV Partners, Steven A. Cohen may be deemed to share beneficial ownership over the shares of Class A Common Stock of which CPV Partners may share
        beneficial ownership.</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">The aggregate beneficial ownership percentages reported in this Statement were calculated pursuant to Rule 13d-3 and are based on
        181,336,728 shares of Common Stock outstanding as of September 30, 2021, as reflected in the Form 10-Q filed by the Issuer on November 4, 2021, which indicates that, as of September 30, 2021, a total of 114,983,272 shares of Class A Common Stock
        and 66,353,456 shares of Class B Common Stock were then outstanding.</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">The aggregate number of shares of the Issuer&#8217;s Common Stock beneficially owned by the Reporting Persons as reported herein does not include
        any shares of Common Stock which may be received by holders of Common Stock subject to proxies given by current and former directors and employees to Wengen to vote their shares of Common Stock pursuant to the Management Stockholders Agreements as
        described elsewhere in this Statement.</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">The Reporting Persons may be deemed to be the beneficial owner of the securities held directly by the Wengen Investors and Wengen, in each
        case, as described more fully in this Statement.</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">The filing of this Statement shall not be construed as an admission that any of the above-listed entities or individuals is the beneficial
        owner of any securities covered by this Statement.</div>
      <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">c) Except as set forth in this Statement, none of the Reporting Persons has engaged in any transaction in any shares of the Issuer&#8217;s Common
        Stock, Class A Common Stock, or Class B Common Stock, during the past 60 days.</div>
      <div>
        <div style="font-family: 'Times New Roman', serif; font-weight: bold;">Item 6.<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font>Contracts, Arrangements, Understandings or Relationships with Respect to
          Securities of the Issuer</div>
      </div>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman', serif;">Item 6 of the Schedule 13D is hereby amended and supplemented as follows:</div>
      <div><br>
      </div>
      <div style="color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">Board Designation Rights</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">On October 28, 2021, the Issuer entered into Amendment No. 1 to the Wengen Securityholders Agreement.</div>
      <div style="text-align: justify; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', serif;">Amendment No. 1 provides, among other matters, that for so long as either Kohlberg Kravis Roberts &amp; Co. L.P. (together with its affiliates,
        &#8220;KKR&#8221;) or CPV Partners (together with its affiliates, &#8220;CPV&#8221;) holds at least 8,035,713 shares of Issuer Common Stock, KKR and CPV collectively (or one of them if the other has lost its director designation right under the Wengen Securityholders
        Agreement) will have the right to nominate one additional director (the &#8220;<u>Third Director</u>&#8221;) who will initially be Ian K. Snow, and who may be removed or replaced at any time without cause by KKR and CPV (or one of them if the other has lost
        its existing director designation right under the Wengen Securityholders Agreement).</div>
      <div style="text-align: justify; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', serif;">In the event that KKR and CPV each ceases to be the beneficial owner of at least 8,035,713 shares of Issuer Common Stock, then the Third
        Director must offer his resignation as a director to the Company&#8217;s Board of Directors, and KKR and CPV thereafter will no longer be entitled to designate a Third Director.&#160; In addition, irrespective of their actual holdings, the right to designate
        a Third Director, as well as the existing Issuer director designation rights of KKR, CPV and Sterling Capital Partners II, L.P., Sterling Capital Partners III, L.P., SP L Affiliate, LLC, Douglas L. Becker, Steven M. Taslitz and their respective
        affiliates under the Wengen Securityholders Agreement, will expire on December 31, 2024.</div>
      <div style="text-align: justify; margin-top: 12pt; font-family: 'Times New Roman', serif;">In addition, the Amendment specifies that the Wengen GP must cause all of the Issuer&#8217;s shares held by Wengen to be voted, and that all current and former
        Wengen investors who have an employee or representative serving on the Wengen GP&#8217;s or the Issuer&#8217;s Board of Directors must vote their shares of the Issuer, in favor of the director nominees designated by KKR and CPV under the Wengen Securityholders
        Agreement.</div>
      <div style="text-align: justify; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', serif;">Also, in the Amendment No. 1, Wengen and the Wengen Investors agree that, as between them and the Issuer, Wengen and such investors will be
        responsible for the payment of any taxes and any related fees, costs and expenses attributable to a direct or indirect transfer of Issuer Common Stock and that Wengen and the Wengen investors will, at the time of any such transfer, pay to, or as
        directed by, the Issuer or Wengen (and the Issuer and Wengen have the right to withhold from any amounts distributable to Wengen or the Wengen investors) the amount of any taxes payable in Peru with respect to such transfer and any related costs,
        fees and expenses incurred by the Issuer, any of the Issuer&#8217;s subsidiaries or Wengen. Wengen will pay any amounts it so receives from the Wengen investors to the Issuer, and the Issuer will use any amounts it so receives from Wengen and the Wengen
        investors (and any amounts so withheld) to pay any taxes payable in Peru and its related costs, fees and expenses.</div>
      <div style="text-align: justify; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 7.&#160;&#160; Material to be Filed as Exhibits.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-family: 'Times New Roman', serif;">Item 7 of the Schedule 13D is hereby amended by adding the following exhibit:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zed915647307d42e38b49f898a765f936">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right; font-family: 'Times New Roman', serif;"><a href="ff599012ex99_2.htm">Exhibit 99.2</a></td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;"><a href="ff599012ex99_2.htm">Amendment No. 1 to the Amended and Restated Securityholders
                  Agreement dated as of February 6, 2017, among the Issuer, Wengen, Wengen GP and its investors party thereto, dated as of October 28, 2021.</a></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <br>
  </div>
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  <div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;"><u>SIGNATURE</u></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">After reasonable inquiry and to the best of each of the undersigned&#8217;s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the
      information set forth in this statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">Dated: November 8, 2021</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">CPV PARTNERS, LLC</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">By:&#160; <u>/s/ Andrew B. Cohen&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></div>
    <div>
      <div>
        <div><font style="font-family: 'Times New Roman', serif; color: #000000;">Name:&#160; </font><font style="font-family: 'Times New Roman', serif; color: #000000;">Andrew B. Cohen</font></div>
      </div>
    </div>
    <div>
      <div>
        <div><font style="font-family: 'Times New Roman', serif; color: #000000;">Title:&#160;&#160;&#160; </font><font style="font-family: 'Times New Roman', serif; color: #000000;">Authorized Person</font></div>
      </div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">STEVEN A. COHEN</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">By:&#160; <u>/s/ Jason M. Colombo&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></div>
    <div>
      <div>
        <div><font style="font-family: 'Times New Roman', serif; color: #000000;">Name:&#160; </font><font style="font-family: 'Times New Roman', serif; color: #000000;">Jason M. Colombo</font></div>
      </div>
    </div>
    <div>
      <div>
        <div><font style="font-family: 'Times New Roman', serif; color: #000000;">Title:&#160;&#160; </font><font style="font-family: 'Times New Roman', serif; color: #000000;">Authorized Person</font></div>
      </div>
    </div>
    <div><br>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>2
<FILENAME>ff599012ex99_2.htm
<TEXT>
<html>
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  <div><br>
  </div>
  <div style="text-align: right;">Exhibit 99.2<br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: right; font-family: 'Times New Roman',Times,serif;">
    <div style="text-align: left;">
      <div style="text-align: right; font-weight: bold;">EXECUTION VERSION</div>
      <br>
      <div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">AMENDMENT NO. 1 TO</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">AMENDED AND RESTATED SECURITYHOLDERS AGREEMENT</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">This Amendment No. 1 (this &#8220;<u>Amendment</u>&#8221;), dated as of October 28, 2021, is entered into by and among Wengen Alberta, Limited Partnership (the &#8220;<u>Company</u>&#8221;), Wengen Investments Limited, the general partner of
          the Company (the &#8220;<u>General Partner</u>&#8221;), Laureate Education, Inc., a public benefit corporation organized under the laws of Delaware (&#8220;<u>Laureate</u>&#8221;), and each of the other parties signatory hereto (together with the Company, the General
          Partner and Laureate, the &#8220;<u>Parties</u>&#8221;).&#160; Capitalized terms used but not defined in this Amendment have the meanings ascribed to them in the Amended and Restated Securityholders Agreement, dated as of February 6, 2017, by and among the
          Company, the General Partner, Laureate and the other parties thereto (the &#8220;<u>Securityholders Agreement</u>&#8221;).</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">RECITALS</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">WHEREAS, certain Investors and Securityholders have requested (the &#8220;<u>Requesting Investors</u>&#8221;) that the Company redeem and cancel their Interests in exchange for the delivery by the Company to the Requesting
          Investors of the corresponding number of shares of Common Stock;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">WHEREAS, the Class B Common Stock indirectly held by the Requesting Investors through the Company was converted into Class A Common Stock in accordance with Laureate&#8217;s organizational documents;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">WHEREAS, the Company and the Requesting Investor desires, effective as of the date of this Amendment, to (i) have all of the Interests held by the Requesting Investors redeemed and canceled by the Company (the &#8220;<u>Redeemed
            Interests</u>&#8221;) and (ii) in exchange, have the corresponding number of shares of Class A Common Stock delivered by the Company to the Requesting Investors (the &#8220;<u>Partial Redemption</u>&#8221;); and</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">WHEREAS, as a condition and as an inducement for the Company to effectuate the Partial Redemption, the Parties have agreed to amend the Securityholders Agreement as set forth in this Amendment in accordance with
          Section 3.1(a) of the Securityholders Agreement.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">AGREEMENT</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">NOW, THEREFORE, in consideration of the above recitals and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereto hereby agree as follows:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Waiver</u></font>.&#160; The Parties hereby waive, in respect of the Partial Redemption, the obligations of the General Partner and the requirements set forth in Section 2.3
          of the Securityholders Agreement, and Section 2.3 of the Securityholders Agreement shall not apply with respect to the Partial Redemption.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Redemption</u></font>.&#160; The Requesting Investors and the Company hereby agree that, effective as of the date of this Amendment, (i) the Redeemed Interests shall be
          redeemed and canceled and shall not be re-issued and (ii) the Company shall deliver to each Requesting Investor the corresponding number of shares of Class A Common Stock (it being understood that each share</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="break-after: page;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 1887px; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;">of such Class A Common Stock shall be deemed to have a value equal to the higher of the opening and closing price of the Class A Common Stock as quoted on The Nasdaq Stock Market LLC as of the date of this Amendment).</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;<font style="font-weight: bold;"><u>Amendments to the Securityholders Agreement</u></font>.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">a.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; Section 2.3 of the Securityholders Agreement is hereby amended by adding the following sentence immediately following the end of the paragraph:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">If and when Interests are redeemed, such Interests shall automatically be canceled and shall not be re-issued.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">b.&#160;&#160;&#160;&#160; &#160; &#160;&#160; Section 3.3 of the Securityholders Agreement is hereby amended by deleting the second sentence set forth therein.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">c.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of Section 3.2 and Section 3.3 of the Securityholders Agreement is hereby amended by adding the following sentence at the end of each such Section:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">Notwithstanding anything in this Agreement to the contrary, any obligation arising prior to any termination of this Agreement or termination of this Agreement as to any Person shall survive such
          termination.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">d.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 2.5 of the Securityholders Agreement is hereby amended and restated to read in its entirety as follows:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">Subject to the terms of the Securities Act, any Investor who is not in possession of material nonpublic information regarding Laureate and its Subsidiaries shall be entitled to cause the Company to
          (A) Transfer all or part of such Investor&#8217;s shares of Common Stock to a Person pursuant to Rule 144 or (B) Transfer such shares pursuant to the Laureate Registration Rights Agreement, and, in each case of clauses (A) and (B), after the
          consummation of such Transfer, the Company shall use the proceeds from such Transfer to redeem Interests from such Investor in accordance with Section 5.1.3 of the LP Agreement.&#160; Section 2.3 shall not apply to any redemption as a result of any
          Transfer pursuant to this Section 2.5.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">e.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Sections 5.2(a)(i)(B) and 5.2(a)(i)(C) are hereby amended by deleting the words &#8220;a number of shares of Common Stock equal to $75 Million divided by the IPO Price of a share of Class A
          Common Stock&#8221; and inserting in lieu thereof &#8220;at least 5,357,142 shares of Common Stock&#8221;.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">f.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 5.2(a) of the Securityholders Agreement is hereby amended by deleting Section 5.2(a)(i)(E) and inserting the following in lieu thereof:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; margin-left: 72pt;">For so long as either KKR or CPV holds at least 8,035,713 shares of Common Stock, KKR and CPV collectively (or one of them if the other has lost its rights under Section 5.2(a)(ii)(B) or 5.2(a)(ii)(C))
          shall have the right to nominate one (1) Director (the &#8220;Third Director&#8221;) who shall initially be Ian Snow, and who may be removed and/or replaced at any time and from time to time without cause by KKR and CPV (or one of them if the other has lost
          its rights under Section 5.2(a)(ii)(B)</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
          <div style="break-after: page;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 1887px; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; margin-left: 72pt;">or 5.2(a)(ii)(C)).&#160; In the event that KKR ceases to be the beneficial owner of at least 8,035,713 shares of Common Stock and CPV ceases to be the beneficial owner of at least 8,035,713 shares of Common
          Stock, then the Third Director shall offer his resignation as a Laureate Director to the Laureate Board, and KKR and CPV shall thereafter not be entitled to designate a Third Director.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">g.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Securityholders Agreement is hereby amended by adding the following new Section 5.2(a)(i)(F) after Section 5.2(a)(i)(E) that reads as follows:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; margin-left: 72pt;">(F)&#160; &#160; &#160;&#160; &#160; Notwithstanding anything in this Sections 5.2(a)(i) to the contrary, the rights set forth in this Sections 5.2(a)(i) expire on December 31, 2024.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">h.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 5.2(a) of the Agreement is hereby amended by adding &#8220;that has an employee or representative on the Board or Laureate Board&#8221; after the words &#8220;each Investor&#8221; the first time it
          appears in clause (i) thereof.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">i.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; Section 5.3 of the Securityholders Agreement is hereby amended by adding &#8220;or Securityholder&#8221; each time the word &#8220;Investor&#8221; appears.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">j.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; Section 6.18 of the Securityholders Agreement is hereby deleted in its entirety and in lieu thereof, replaced with the following: &#8220;6.18 [Intentionally Omitted]&#8221;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">k.&#160;&#160;&#160; &#160; &#160;&#160;&#160;&#160; Article VI of the Securityholders Agreement is hereby amended by inserting the following as a new Section 6.20 therein:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt; width: 1887px; text-align: left; color: rgb(0, 0, 0);" id="z6db546d931d54e6d81780f5a5eaeacc5" class="DSPFListTable">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 54pt; vertical-align: top;">6.20</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><u>Peru Tax Matters</u>.</div>
              </td>
            </tr>

        </table>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To the extent that there is any direct or indirect Transfer of Common Stock to, by, on behalf of or for the benefit of, the Company or any Investor or Securityholder or a direct or
          indirect Transfer of an interest in an Investor or Securityholder (each, a &#8220;<u>Covered Transfer</u>&#8221;), each Covered Person (as defined below) hereby acknowledges and agrees that:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 108pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; as between such Covered Person and Laureate, such Covered Person is, and shall at all times remain, responsible and liable for the payment of any taxes and any related fees, costs and
          expenses (including any fees and disbursements of legal counsel) resulting from or attributable to such Covered Transfer;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 108pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; neither Laureate nor any of its Subsidiaries shall have any responsibility or liability with respect to any such taxes or such related fees, costs and expenses; and</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 108pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; such Covered Person will, at the time of any Covered Transfer, (A) pay to, or as directed by, the Company or Laureate the amount of any Peru Taxes with respect to such Covered Transfer
          and (B) reimburse the Company or Laureate, as applicable, for its&#160;<font style="font-style: italic;">pro rata</font>&#160;portion of any related costs, fees and expenses (including the reasonable fees and</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
          <div style="break-after: page;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 1887px; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; margin-left: 108pt;">disbursements of legal counsel) incurred by the Company, Laureate or any of Laureate&#8217;s Subsidiaries.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 72pt;">The Company shall pay any amounts received from Investors and Securityholders pursuant to this Section 6.20 to Laureate promptly upon receipt thereof.&#160; For purposes of this Amendment, (i) &#8220;<u>Covered
            Person</u>&#8221; means the Company and each Investor and Securityholder, (ii) &#8220;<u>Peru Taxes</u>&#8221; shall mean any Peruvian taxes resulting from or attributable a Covered Transfer, (iii) &#8220;<u>Peru Tax Certificate</u>&#8221; shall mean any certificate issued
          by SUNAT to establish the tax basis for Peruvian tax purposes of Common Stock or any interest in an entity that holds, directly or indirectly, Common Stock and (iv) &#8220;<u>SUNAT</u>&#8221; shall mean the&#160;<font style="font-style: italic;">Superintendencia
            Nacional de Aduanas y de Administraci&#243;n Tributaria</font>&#160;or any other Governmental Authority that is responsible for taxation in Peru.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Laureate and the Company shall be authorized (but shall not be required) to withhold from amounts payable to any Covered Person (whether that amount is payable in securities or cash) any
          such Peru Taxes and reimbursable costs, fees and expenses referred to in Section 6.20(a) of this Amendment.&#160; The Company shall pay any amounts withheld from Investors and Securityholders pursuant to this Section 6.20(b) to Laureate promptly upon
          such withholding.&#160; Any amounts so withheld by Laureate or the Company shall be treated as paid to the applicable Covered Person.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 72pt;">(c)&#160;&#160; &#160; &#160;&#160; Laureate shall use any amounts received from the Covered Persons pursuant to Section 6.20(a), and any amounts withheld pursuant to Section 6.20(b), to pay such Peru Taxes and its related
          costs, fees and expenses.&#160; To the extent any amounts received from the Covered Persons pursuant to Section 6.20(a), and any amounts withheld pursuant to Section 6.20(b), exceed the amounts required to pay such Peru Taxes and the related costs,
          fees and expenses incurred by the Company, Laureate or any of Laureate&#8217;s Subsidiaries, such excess shall be returned to the Covered Persons.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 72pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each Covered Person shall give Laureate prior written notice of any Transfer of Securities by, on behalf of or for the benefit of such Covered Person, which notice shall include a copy
          of the applicable Peru Tax Certificate then in effect.&#160; No Covered Person shall be permitted to Transfer any Securities, unless such Covered Person pays to, or as directed by, the Company or Laureate (or the Company or Laureate withholds) the
          amount of any Peru Taxes as a result of such Transfer and such Covered Person&#8217;s&#160;<font style="font-style: italic;">pro rata</font>&#160;portion of any related costs, fees and expenses incurred by Laureate.&#160; Laureate shall notify each Covered Person in
          writing of the amount of Peru Taxes payable as a result of such proposed Transfer and the amount of such Covered Person&#8217;s&#160;<font style="font-style: italic;">pro rata</font>&#160;portion of related costs, fees and expenses incurred by Laureate.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 72pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the case of any Peru Tax Certificate obtained by Laureate with respect to any Common Stock or other interests, each Covered Person shall reimburse Laureate for such Covered Person&#8217;s&#160;<font style="font-style: italic;">pro rata</font>&#160;portion of all fees, costs</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
          <div style="break-after: page;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 1887px; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; margin-left: 72pt;">and expenses incurred or paid by Laureate or its Subsidiaries to obtain such certificate.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">l.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Article VI of the Securityholders Agreement is hereby amended by inserting the following as a new Section 6.21 therein:</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 36pt; margin-left: 36pt;">6.21&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Company &amp; General Partner Expenses</u>.&#160; Each Investor and Securityholder hereby authorizes the Company and the General Partner to withhold from any amount distributable or
          deliverable (whether in a distribution, redemption or otherwise) by the Company or the General Partner to such Investor or Securityholder such Investor&#8217;s or Securityholder&#8217;s&#160;<font style="font-style: italic;">pro rata</font>&#160;share of any taxes,
          fees, costs and expenses incurred by the Company or the General Partner (including, without limitation, the taxes, fees, costs and expenses incurred by the Company or the General Partner in connection with the dissolution of the Company&#8217;s
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      <div> <br>
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        <div style="text-align: center; margin-bottom: 10pt; font-family: 'Times New Roman',serif;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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      <div style="text-indent: 27pt;"> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
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        <div style="text-align: center;"> [Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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          <div style="text-indent: 27pt;"> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
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                <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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              <tr>
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                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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            <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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          <tr>
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          <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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          <div>&#160;</div>
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                <tr>
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                    <div style="margin: 0px 0px 0px; font-family: 'Times New Roman', serif; font-weight: bold;">
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                  <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="vertical-align: top;" colspan="2">&#160;</td>
                  <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                  <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                <tr>
                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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            <tr>
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              <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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            <tr>
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            <tr>
              <td style="width: 40%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 40%; vertical-align: top;">&#160;</td>
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            <tr>
              <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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            <tr>
              <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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            <tr>
              <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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          <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]<br>
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        <div style="text-align: left; text-indent: 27pt;"> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
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    <div> <br>
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    <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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      <div>
        <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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          <div style="text-indent: 27pt;"> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
          <div>&#160;</div>
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          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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                <td style="width: 40%; vertical-align: top;">&#160;</td>
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                <td style="width: 40%; vertical-align: top;">&#160;</td>
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                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <td style="width: 40%; vertical-align: top;">&#160;</td>
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                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <td style="width: 40%; vertical-align: top;">&#160;</td>
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                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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              <tr>
                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <tr>
                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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        <div>&#160;</div>
        <div> <br>
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          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
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                <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">&#160;</td>
                <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">
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                <td style="width: 40%; vertical-align: top;">
                  <div style="margin: 0px 0px 0px; font-family: 'Times New Roman', serif; font-weight: bold;">KKR PI-II GP Limited, its general partner</div>
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                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 5%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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              <tr>
                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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              <tr>
                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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          </table>
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    <div> <br>
    </div>
    <div> <br>
    </div>
    <div>
      <div>
        <div>
          <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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          <div>
            <div style="text-indent: 27pt;"> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
            &#160;</div>
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    <div>
      <div style="text-align: left;">
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="vertical-align: top;" colspan="2">
                    <div style="margin: 0px 0px 0px; font-family: 'Times New Roman', serif; font-weight: bold;">2007 CO-INVESTMENT PORTFOLIO, L.P.</div>
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                  <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="vertical-align: top;" colspan="2">&#160;</td>
                  <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                  <td style="width: 5%; vertical-align: top;" rowspan="1">By:<br>
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                    <div style="margin: 0px 0px 0px; font-family: 'Times New Roman', serif; font-weight: bold;">StepStone Co-Investment Funds GP, LLC, its general partner</div>
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                  <td style="width: 15%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                  <td style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
                  <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                  <td style="width: 15%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;"><font style="font-weight: bold;">StepStone Group LP, its sole member</font><br>
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                  <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 5%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top;">&#160;</td>
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                    <div style="font-family: 'Times New Roman', serif;">By:</div>
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                  <td style="width: 40%; vertical-align: top;"><font style="font-weight: bold;">StepStone Group Holdings LLC, its general partner</font></td>
                  <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 5%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                <tr>
                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                  <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                  <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                  <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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            </table>
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          <div>&#160;</div>
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              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
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                    <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                    <td style="vertical-align: top;" colspan="2">&#160;</td>
                    <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                    <td style="width: 15%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
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                    <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                    <td style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
                    <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                    <td style="width: 15%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
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                  <tr>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
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                      <div style="font-family: 'Times New Roman', serif;">By:</div>
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                    <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                  <tr>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                    <td style="width: 5%; vertical-align: top;">&#160;</td>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                    <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                  <tr>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                    <td style="width: 5%; vertical-align: top;">
                      <div style="font-family: 'Times New Roman', serif;">By:</div>
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                    <td style="width: 40%; vertical-align: top;"><font style="font-weight: bold;">StepStone Group Holdings LLC, its general partner<br>
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                    <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                  <tr>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                    <td style="width: 5%; vertical-align: top;">&#160;</td>
                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                    <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                    <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                    <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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            <div>&#160;</div>
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            <div>&#160;</div>
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                    <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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                      <div style="text-indent: 27pt;"> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
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                              <div style="margin: 0px 0px 0px; font-family: 'Times New Roman', serif; font-weight: bold;">CPV HOLDINGS, LLC</div>
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                      </table>
                      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                          <tr>
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                            <td style="width: 5%; vertical-align: top;">&#160;</td>
                            <td style="width: 40%; vertical-align: top;">&#160;</td>
                            <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                          <tr>
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                              <div style="font-family: 'Times New Roman', serif;">By:</div>
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                          <tr>
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                            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                              <div style="font-family: 'Times New Roman', serif;">Title:</div>
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                      </table>
                    </div>
                  </div>
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            </div>
          </div>
        </div>
      </div>
      <div> <br>
      </div>
      <div> <br>
      </div>
      <div>
        <div>
          <div style="text-align: left;">
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              <div>
                <div>
                  <div>
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                      <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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                        <div>&#160;IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
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                              <div>&#160;</div>
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                              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                  <tr>
                                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                                    <td style="vertical-align: top;" colspan="2">
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                                          <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-weight: bold;">TORREAL SOCIEDAD DE CAPITAL RIESGO S.A.</div>
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                                  <tr>
                                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                                    <td style="vertical-align: top;" colspan="2">&#160;</td>
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                                  <tr>
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                                    <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                                    <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">/s/
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                                  </tr>
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                                  <tr>
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                                    <td style="width: 40%; vertical-align: top;"><br>
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                                  <tr>
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                              </table>
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                              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                  <tr>
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                                    <td style="width: 40%; vertical-align: top;">&#160;</td>
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                                    <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                            </div>
                          </div>
                          <div>&#160;</div>
                          <div>
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                                <tr>
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                                  <td style="width: 5%; vertical-align: top;"><br>
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                                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                                  <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                                <tr>
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                                  <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                            </table>
                          </div>
                        </div>
                        <div> <br>
                        </div>
                        <div>
                          <div> <br>
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                          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

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                              <tr>
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                                <td style="width: 5%; vertical-align: top;"><br>
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                                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
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                              <tr>
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                                <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                                <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                          </table>
                        </div>
                        <div> <br>
                        </div>
                        <div> <br>
                        </div>
                        <div>
                          <div>
                            <div>
                              <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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                          <div>
                            <div>
                              <div>&#160;IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.
                                <div>&#160;</div>
                                <div>
                                  <div>
                                    <div>
                                      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                          <tr>
                                            <td style="width: 40%; vertical-align: top;">&#160;</td>
                                            <td style="vertical-align: top;" colspan="2">
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                                                <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-weight: bold;">
                                                  <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-weight: bold;">CITIGROUP CAPITAL PARTNERS II EMPLOYEE MASTER FUND, L.P.</div>
                                                </div>
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                                            </td>
                                            <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                          </tr>
                                          <tr>
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                                            <td style="vertical-align: top;" colspan="2">&#160;</td>
                                            <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                          </tr>
                                          <tr>
                                            <td style="width: 40%; vertical-align: top;">&#160;</td>
                                            <td style="width: 5%; vertical-align: top;">
                                              <div style="font-family: 'Times New Roman',serif;">By:</div>
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                                            <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                          </tr>
                                          <tr>
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                                            <td style="width: 40%; vertical-align: top;"><br>
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                                            <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                          </tr>
                                          <tr>
                                            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                              <div style="font-family: 'Times New Roman',serif;">By:</div>
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                                            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                          </tr>
                                          <tr>
                                            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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                                            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                          </tr>
                                          <tr>
                                            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                                            <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">President</font> </td>
                                            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                          </tr>

                                      </table>
                                    </div>
                                  </div>
                                </div>
                                <div>&#160;</div>
                                <div>
                                  <div> <br>
                                  </div>
                                  <div>
                                    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                        <tr>
                                          <td style="width: 40%; vertical-align: top;">&#160;</td>
                                          <td style="vertical-align: top;" colspan="2">
                                            <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-family: 'Times New Roman',serif; font-weight: bold;">
                                              <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-weight: bold;">
                                                <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-weight: bold;">
                                                  <div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-weight: bold;">CO-INVESTMENT (LAUREATE) LLC</div>
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                                          <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                                        <tr>
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                                          <td style="vertical-align: top;" colspan="2">&#160;</td>
                                          <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                        </tr>
                                        <tr>
                                          <td style="width: 40%; vertical-align: top;">&#160;</td>
                                          <td style="width: 5%; vertical-align: top;">
                                            <div style="font-family: 'Times New Roman',serif;">By:</div>
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                                          <td style="width: 40%; vertical-align: top; font-weight: bold;">Citigroup Private Equity L.P., its General Partner<br>
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                                          <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                        </tr>
                                        <tr>
                                          <td style="width: 40%; vertical-align: top;">&#160;</td>
                                          <td style="width: 5%; vertical-align: top;">&#160;</td>
                                          <td style="width: 40%; vertical-align: top;"><br>
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                                          <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                        </tr>
                                        <tr>
                                          <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                            <div style="font-family: 'Times New Roman',serif;">By:</div>
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                                          <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                        </tr>
                                        <tr>
                                          <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                            <div style="font-family: 'Times New Roman',serif;">Name:</div>
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                                          <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                        </tr>
                                        <tr>
                                          <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                            <div style="font-family: 'Times New Roman',serif;">Title:</div>
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                                          <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">President</font> </td>
                                          <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                                    </table>
                                  </div>
                                </div>
                              </div>
                              <div> <br>
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                              <div>
                                <div>
                                  <div>
                                    <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]</div>
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                                      <div style="page-break-after: always;" id="DSPFPageBreak">
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                                </div>
                                <div>
                                  <div>
                                    <div>
                                      <div>
                                        <div>
                                          <div>
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                                              <div>
                                                <div>
                                                  <div>
                                                    <div><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><br>
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                                                        <div> IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</div>
                                                        <div>&#160;</div>
                                                      </div>
                                                      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                                          <tr>
                                                            <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                            <td style="vertical-align: top;">
                                                              <div style="font-weight: bold;">
                                                                <div>S.P.G. CO-INVESTMENT, L.P.</div>
                                                              </div>
                                                            </td>
                                                            <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                                          </tr>

                                                      </table>
                                                      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                                          <tr>
                                                            <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                            <td style="width: 5%; vertical-align: top;">&#160;</td>
                                                            <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                            <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                                          </tr>
                                                          <tr>
                                                            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                              <div style="font-family: 'Times New Roman',serif;">By:</div>
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                                                            <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;<font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">/s/ Ian Snow</font> </td>
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                                                          </tr>
                                                          <tr>
                                                            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                              <div style="font-family: 'Times New Roman',serif;">Name:</div>
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                                                            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                          </tr>
                                                          <tr>
                                                            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                              <div style="font-family: 'Times New Roman',serif;">Title:</div>
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                                                            <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                                                            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                                                      </table>
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                                                  </div>
                                                </div>
                                              </div>
                                            </div>
                                          </div>
                                        </div>
                                      </div>
                                      <div> <br>
                                      </div>
                                      <div>
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                                          <div>
                                            <div>
                                              <div>
                                                <div>
                                                  <div>
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                                                      <div><br>
                                                        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                                            <tr>
                                                              <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                              <td style="vertical-align: top;">
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                                                                  <div><font style="font-weight: bold;">SN</font><font style="font-weight: bold;">OW PHIPPS GROUP (B), L.P.</font></div>
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                                                              </td>
                                                              <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
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                                                        </table>
                                                        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

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                                                              <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                              <td style="width: 5%; vertical-align: top;">&#160;</td>
                                                              <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                              <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                                            </tr>
                                                            <tr>
                                                              <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                <div style="font-family: 'Times New Roman',serif;">By:</div>
                                                              </td>
                                                              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"> <font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">/s/ Ian Snow</font> </td>
                                                              <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                            </tr>
                                                            <tr>
                                                              <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                <div style="font-family: 'Times New Roman',serif;">Name:</div>
                                                              </td>
                                                              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Ian Snow</font> <br>
                                                              </td>
                                                              <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                            </tr>
                                                            <tr>
                                                              <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                <div style="font-family: 'Times New Roman',serif;">Title:</div>
                                                              </td>
                                                              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                                                              <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                            </tr>

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                                                              <tr>
                                                                <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                                <td style="vertical-align: top;">
                                                                  <div style="font-weight: bold;">
                                                                    <div>SNOW PHIPPS GROUP (OFFSHORE), L.P.</div>
                                                                  </div>
                                                                </td>
                                                                <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                                              </tr>

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                                                          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

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                                                                <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                                <td style="width: 5%; vertical-align: top;">&#160;</td>
                                                                <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                                <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                                              </tr>
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                                                                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                                <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                  <div style="font-family: 'Times New Roman',serif;">By:</div>
                                                                </td>
                                                                <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"> <font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">/s/ Ian Snow</font> </td>
                                                                <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                              </tr>
                                                              <tr>
                                                                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                                <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                  <div style="font-family: 'Times New Roman',serif;">Name:</div>
                                                                </td>
                                                                <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                                                                <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                                                                <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                                <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                  <div style="font-family: 'Times New Roman',serif;">Title:</div>
                                                                </td>
                                                                <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                                                                <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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                                                                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                                  <td style="vertical-align: top; font-weight: bold;">
                                                                    <div>
                                                                      <div>SNOW PHIPPS GROUP (RPV), L.P.</div>
                                                                    </div>
                                                                  </td>
                                                                  <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                                                </tr>

                                                            </table>
                                                            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                                                <tr>
                                                                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                                  <td style="width: 5%; vertical-align: top;">&#160;</td>
                                                                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                                  <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                                                </tr>
                                                                <tr>
                                                                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                                  <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                    <div style="font-family: 'Times New Roman',serif;">By:</div>
                                                                  </td>
                                                                  <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"> <font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">/s/ Ian Snow</font> </td>
                                                                  <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                                </tr>
                                                                <tr>
                                                                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                                  <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                    <div style="font-family: 'Times New Roman',serif;">Name:</div>
                                                                  </td>
                                                                  <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Ian Snow</font></td>
                                                                  <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                                </tr>
                                                                <tr>
                                                                  <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                                  <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                                    <div style="font-family: 'Times New Roman',serif;">Title:</div>
                                                                  </td>
                                                                  <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                                                                  <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                                </tr>

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                                                        </div>
                                                      </div>
                                                    </div>
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                                            </div>
                                            <div>&#160;</div>
                                            <div> <br>
                                              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

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                                                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                    <td style="vertical-align: top; font-weight: bold;">
                                                      <div>
                                                        <div>
                                                          <div>SNOW PHIPPS GROUP, L.P</div>
                                                        </div>
                                                      </div>
                                                    </td>
                                                    <td style="vertical-align: top; width: 15%;" colspan="1">&#160;</td>
                                                  </tr>

                                              </table>
                                              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                                                  <tr>
                                                    <td style="width: 40%; vertical-align: top;">&#160;</td>
                                                    <td style="width: 5%; vertical-align: top;">&#160;</td>
                                                    <td style="width: 40%; vertical-align: top;"><br>
                                                    </td>
                                                    <td style="width: 15%; vertical-align: top;" colspan="1">&#160;</td>
                                                  </tr>
                                                  <tr>
                                                    <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                    <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                      <div style="font-family: 'Times New Roman',serif;">By:</div>
                                                    </td>
                                                    <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160; <font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">/s/ Ian Snow</font> </td>
                                                    <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                  </tr>
                                                  <tr>
                                                    <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                    <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                      <div style="font-family: 'Times New Roman',serif;">Name:</div>
                                                    </td>
                                                    <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;<font style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Ian Snow</font></td>
                                                    <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                  </tr>
                                                  <tr>
                                                    <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                                                    <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                                                      <div style="font-family: 'Times New Roman',serif;">Title:</div>
                                                    </td>
                                                    <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                                                    <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                                                  </tr>

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                                                          <div> </div>
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                                                    </div>
                                                    <div>&#160;</div>
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                                                    <div>
                                                      <div style="text-align: center;">[Signature Page to Amendment No. 1 to Amended and Restated Securityholders Agreement]<br>
                                                      </div>
                                                      <div style="text-align: center;"> <br>
                                                      </div>
                                                    </div>
                                                  </div>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
