from time to time Parties Hereto,
as Borrowers
Individually and as Agent for any Lender which is
or becomes a Party hereto
Individually and as Collateral Agent
and
BARCLAYS CAPITAL,
as Joint Lead Arrangers
and Joint Book Runners
Page | ||||
SECTION 1. CREDIT FACILITY | 1 | |||
1.1 Loans | 1 | |||
1.2 Letters of Credit; LC Guaranties | 3 | |||
1.3 Incremental Extensions of Credit | 4 | |||
SECTION 2. INTEREST, FEES AND CHARGES | 4 | |||
2.1 Interest | 4 | |||
2.2 Computation of Interest and Fees | 5 | |||
2.3 Fee Letter | 5 | |||
2.4 Letter of Credit and LC Guaranty Fees | 5 | |||
2.5 Unused Line Fee | 6 | |||
2.6 Audit Fees | 6 | |||
2.7 Reimbursement of Expenses | 6 | |||
2.8 Bank Charges | 7 | |||
2.9 Collateral Protection Expenses; Appraisals | 7 | |||
2.10 Payment of Charges | 7 | |||
2.11 No Deductions | 8 | |||
SECTION 3. LOAN ADMINISTRATION | 11 | |||
3.1 Manner of Borrowing Revolving Credit Loans/LIBOR Option | 11 | |||
3.2 Payments | 14 | |||
3.3 Mandatory and Optional Prepayments | 15 | |||
3.4 Application of Payments and Collections | 16 | |||
3.5 All Loans to Constitute One Obligation | 17 | |||
3.6 Loan Account | 17 | |||
3.7 Statements of Account | 18 | |||
3.8 Increased Costs | 18 | |||
3.9 Basis for Determining Interest Rate Inadequate | 19 | |||
3.10 Sharing of Payments, Etc. | 19 | |||
SECTION 4. TERM AND TERMINATION | 19 | |||
4.1 Term of Agreement | 19 | |||
4.2 Termination | 19 | |||
SECTION 5. SECURITY INTERESTS | 20 | |||
5.1 Security Interest in Collateral | 20 | |||
5.2 Other Collateral | 22 | |||
5.3 Lien Perfection; Further Assurances | 22 |
i
(continued)
Page | ||||
5.4 Lien on Realty | 23 | |||
SECTION 6. COLLATERAL ADMINISTRATION | 23 | |||
6.1 General | 23 | |||
6.2 Administration of Accounts | 24 | |||
6.3 Administration of Inventory | 26 | |||
6.4 Payment of Charges | 26 | |||
SECTION 7. REPRESENTATIONS AND WARRANTIES | 26 | |||
7.1 General Representations and Warranties | 26 | |||
7.2 Continuous Nature of Representations and Warranties | 33 | |||
7.3 Survival of Representations and Warranties | 33 | |||
SECTION 8. COVENANTS AND CONTINUING AGREEMENTS | 33 | |||
8.1 Affirmative Covenants | 33 | |||
8.2 Negative Covenants | 38 | |||
8.3 Specific Financial Covenants | 48 | |||
SECTION 9. CONDITIONS PRECEDENT | 48 | |||
9.1 Initial Loans | 48 | |||
9.2 Conditions Precedent to All Loans and Credit Accommodations | 49 | |||
SECTION 10. EVENTS OF DEFAULT; RIGHTS AND REMEDIES ON DEFAULT | 49 | |||
10.1 Events of Default | 49 | |||
10.2 Acceleration of the Obligations | 51 | |||
10.3 Other Remedies | 52 | |||
10.4 Setoff and Sharing of Payments | 53 | |||
10.5 Remedies Cumulative; No Waiver | 53 | |||
SECTION 11. AGENT | 54 | |||
11.1 Authorization and Action | 54 | |||
11.2 Agent’s Reliance, Etc. | 54 | |||
11.3 Harris and Affiliates | 55 | |||
11.4 Lender Credit Decision | 55 | |||
11.5 Indemnification | 56 | |||
11.6 Rights and Remedies to Be Exercised by Agent Only | 56 | |||
11.7 Agency Provisions Relating to Collateral | 56 |
ii
(continued)
Page | ||||
11.8 Agent’s Right to Purchase Commitments | 57 | |||
11.9 Right of Sale; Assignment; Participations | 57 | |||
11.10 Amendment | 58 | |||
11.11 Resignation of Agent; Appointment of Successor | 59 | |||
11.12 Audit, Appraisal and Examination Reports; Disclaimer by Lenders | 60 | |||
11.13 Collateral Agent | 60 | |||
SECTION 12. MISCELLANEOUS | 61 | |||
12.1 Power of Attorney | 61 | |||
12.2 Indemnity | 62 | |||
12.3 Sale of Interest | 62 | |||
12.4 Severability | 62 | |||
12.5 Successors and Assigns | 62 | |||
12.6 Cumulative Effect; Conflict of Terms | 62 | |||
12.7 Execution in Counterparts | 63 | |||
12.8 Notice | 63 | |||
12.9 Consent | 64 | |||
12.10 Reserved | 64 | |||
12.11 Time of Essence | 64 | |||
12.12 Entire Agreement | 64 | |||
12.13 No Control; No Advisory or Fiduciary Responsibility | 64 | |||
12.14 Interpretation | 65 | |||
12.15 Confidentiality | 65 | |||
12.16 GOVERNING LAW; CONSENT TO FORUM | 65 | |||
12.17 WAIVERS BY BORROWERS | 66 | |||
12.18 Advertisement | 66 | |||
12.19 Reimbursement | 67 | |||
12.20 Patriot Act Notice | 67 | |||
12.21 OTHER LIENS ON COLLATERAL; TERMS OF INTERCREDITOR AGREEMENT; ETC. | 68 |
iii
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(A) If to Agent: | Harris N.A. | |
111 West Monroe | ||
Chicago, Illinois 60603 | ||
Attention: Craig Thistlethwaite | ||
Facsimile No.: (312) 765-1641 | ||
With a copy to: | Vedder Price P.C. | |
222 North LaSalle Street | ||
Suite 2600 | ||
Chicago, Illinois 60601 | ||
Attention: John T. McEnroe | ||
Facsimile No.: (312) 609-5005 | ||
If to Borrowers: | Cambium Learning, Inc. | |
17855 N. Dallas Pkwy, | ||
Suite 400 | ||
Dallas, Texas 75287 | ||
Attention: Chief Financial Officer | ||
Facsimile No.: (214) 424-6425 | ||
With a copy to: | Lowenstein Sandler PC | |
1251 Avenue of the Americas | ||
18th Floor | ||
New York, NY 10020 | ||
Attention: Lowell A. Citron | ||
Facsimile No.: (973) 422-6809 |
63
64
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68
BORROWERS: | CAMBIUM LEARNING, INC., a Delaware corporation | |||
By: | /s/ Ronald Klausner | |||
Ronald Klausner | ||||
Chief Executive Officer | ||||
CAMBIUM EDUCATION, INC., a Colorado corporation | ||||
By: | /s/ Ronald Klausner | |||
Ronald Klausner | ||||
Chief Executive Officer | ||||
KURZWEIL/INTELLITOOLS, INC., a Delaware corporation | ||||
By: | /s/ Ronald Klausner | |||
Ronald Klausner | ||||
Chief Executive Officer | ||||
LAZEL, INC., a Delaware corporation | ||||
By: | /s/ Ronald Klausner | |||
Ronald Klausner | ||||
Chief Executive Officer |
HARRIS: | HARRIS N.A., as Agent and as a Lender | |||
By: | /s/ Craig Thistlethwaite | |||
Craig Thistlethwaite | ||||
Director | ||||
Revolving Loan Commitment: $30,000,000 |
BARCLAYS BANK PLC: | BARCLAYS BANK PLC, as Collateral Agent and as a Lender | |||
By: | /s/ David Barton | |||
Name: | David Barton | |||
Title: | Director | |||
Revolving Loan Commitment: $10,000,000 |
Base Rate Revolving Loans | 2.00 | % | ||
LIBOR Revolving Loans | 3.00 | % | ||
Unused Line Fee | 0.50 | % |
Financial | Base Rate Revolving | LIBOR Revolving | ||||||||||||||
Level 1 | Measurement | Loans | Loans | Unused Line Fee | ||||||||||||
I | >2.00 to 1 | 1.75 | % | 2.75 | % | 0.375 | % | |||||||||
II | ≤2.00 to 1, but >1.25 to 1 | 2.00 | % | 3.00 | % | 0.50 | % | |||||||||
III | ≤1.25 to 1 | 2.25 | % | 3.25 | % | 0.50 | % |
BARCLAYS BANK PLC,
Exhibit 1.1 | Form of Revolving Note | |
Exhibit 6.1.1 | Business Locations | |
Exhibit 7.1.1 | Jurisdictions in which any Borrower and its Subsidiaries are Authorized to do Business | |
Exhibit 7.1.4 | Capital Structure | |
Exhibit 7.1.5 | Names; Organization | |
Exhibit 7.1.13 | Surety Obligations | |
Exhibit 7.1.14 | Tax Identification Numbers of Subsidiaries | |
Exhibit 7.1.15 | Brokers’ Fees | |
Exhibit 7.1.16 | Patents, Trademarks, Copyrights and Licenses | |
Exhibit 7.1.19 | Contracts Restricting Right to Incur Debts | |
Exhibit 7.1.20 | Litigation | |
Exhibit 7.1.22 | Capitalized and Operating Leases | |
Exhibit 7.1.23 | Pension Plans | |
Exhibit 7.1.25 | Labor Relations | |
Exhibit 8.1.3A | Form of Monthly Report | |
Exhibit 8.1.3 | Form of Compliance Certificate | |
Exhibit 8.1.4 | Form of Borrowing Base Certificate | |
Exhibit 8.2.2 | Loans and Advances Outstanding as of the Closing Date | |
Exhibit 8.2.3 | Existing Indebtedness | |
Exhibit 8.2.5 | Permitted Liens | |
Exhibit 8.2.12 | Permitted Investments | |
Exhibit 8.3 | Financial Covenants |
$ | , 20_____ | |
Chicago, Illinois |
Exhibit 1.1 - Page 1
CAMBIUM LEARNING, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
CAMBIUM EDUCATION, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
KURZWEIL/INTELLITOOLS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
LAZEL, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit 1.1 - Page 2
Location of Collateral and Offices
Location of Books and | Other Locations Used | |||||
Entity | Chief Executive Office | Records | Within Past 12 Months | |||
Cambium Learning, Inc. | 17855 N. Dallas Pkwy, Suite 400 Dallas, TX 75287 | 17855 N. Dallas Pkwy, Suite 400 Dallas, TX 75287 | 24 Prime Parkway Suite 303 Natick, MA 01760 (active office location) 3767 Ranchero Drive Suite 200 Ann Arbor, MI 48108 (active office location) 4093 Specialty Place Longmont, CO 805804 (active collateral location) 4185 Salazar Way Frederick, CO 80504 (active collateral location) One Hickory Centre 1800 Valley View Lane Suite 400 Dallas, TX 75234 (inactive office location) 789 E. Eisenhower Pkwy. Ann Arbor, MI 48108 (inactive office location) | |||
Cambium Education, Inc. | 17855 N. Dallas Pkwy, Suite 400 Dallas, TX 75287 | 17855 N. Dallas Pkwy, Suite 400 Dallas, TX 75287 | 24 Prime Parkway Suite 303 Natick, MA 01760 (active office location) 4093 Specialty Place Longmont, CO 805804 (active collateral location) 4185 Salazar Way Frederick, CO 80504 (active collateral location) One Hickory Centre 1800 Valley View Lane Suite 400 Dallas, TX 75234 (inactive office location) |
-3-
Location of Books and | Other Locations Used | |||||
Entity | Chief Executive Office | Records | Within Past 12 Months | |||
Kurzweil/Intellitools, Inc. | 24 Prime Parkway Suite 303 Natick, MA 01760 | 24 Prime Parkway Suite 303 Natick, MA 01760 | 4093 Specialty Place Longmont, CO 805804 (active collateral location) 4185 Salazar Way Frederick, CO 80504 (active collateral location) One Hickory Centre 1800 Valley View Lane Suite 400 Dallas, TX 75234 (inactive office location) | |||
LAZEL, Inc. | 17855 N. Dallas Pkwy, Suite 400 Dallas, TX 75287 | 17855 N. Dallas Pkwy, Suite 400 Dallas, TX 75287 | 3767 Ranchero Drive Suite 200 Ann Arbor, MI 48108 (active office location) 1840 East River Road Suite 320 Tucson, AZ 85718 (active office location) P.O. Box 2185 Charlottesville, VA 22902 (active office location) One Hickory Centre 1800 Valley View Lane Suite 400 Dallas, TX 75234 (inactive office location) 789 E. Eisenhower Pkwy. Ann Arbor, MI 48108 (inactive office location) |
-4-
P.O. Box 101927
2700 Crestwood Blvd
Irondale, AL 35210
1125 North Ellis Road
Jacksonville, FL 32254
1600 1st Street
Albuquerque, NM 87102
1550 Heil Quaker Blvd
La Vergne, TN 37086
600 Freeport Parkway
Coppell, TX 75019
6700 Sloane Drive
Little Rock, AR 72206
39 N.E. 24th Street
Oklahoma City, OK 73105
Freeport Center Bldg N-7
Clearfield, UT 84016
-5-
Qualification
State of | ||||
Name | Incorporation/Formation | States of Qualification | ||
Cambium Learning, Inc. | Delaware | California Massachusetts Ohio Tennessee | ||
Kurzweil/Intellitools, Inc. (f/k/a and qualified as Kurzweil Education Systems, Inc.) | Delaware | California Colorado Florida Illinois Kentucky Massachusetts Ohio Pennsylvania | ||
LAZEL, Inc. | Delaware | None | ||
Cambium Education, Inc. (f/k/a and qualified as Sopris West Educational Services, Inc.) | Colorado | California Indiana Louisiana North Carolina Ohio Tennessee Texas Washington West Virginia |
-6-
Capital Structure
Current Legal Entities | ||||||||||||||
Owned | Type of Entity | State of Formation | Record Owner | Equity Ownership | ||||||||||
Cambium Learning, Inc. | Corporation | Delaware | VSS-Cambium Holdings IV, LLC | 100 | % | |||||||||
LAZEL, Inc. | Corporation | Delaware | Cambium Learning, Inc. | 100 | % | |||||||||
Kurzweil/Intellitools, Inc. | Corporation | Delaware | Cambium Learning, Inc. | 100 | % | |||||||||
Cambium Education, Inc. | Corporation | Colorado | Cambium Learning, Inc. | 100 | % |
-7-
Names; Organization
List of All Other Names Used During Past | ||||
Company/Subsidiary | Corporate Transactions | Five Years | ||
Cambium Learning, Inc. | Surviving Entity of a Merger with VSS-Cambium Merger Corp. on April 12, 2007 | None | ||
Cambium Education, Inc. | Surviving Entity of a Merger with Cambium Learning (New York), Inc. and Voyager Expanded Learning, Inc. on December 31, 2010 | Sopris West Educational Services, Inc. | ||
Kurzweil/Intellitools, Inc. | Surviving Entity of a Merger with IntelliTools, Inc. on December 31, 2010 | Kurzweil Education Systems, Inc. |
Legal Name | Type of Entity | Organizational Number | State of Formation | |||||
Cambium Learning, Inc. | Corporation | 3714617 | Delaware | |||||
LAZEL, Inc. | Corporation | 4736288 | Delaware | |||||
Kurzweil/Intellitools, Inc. | Corporation | 3370285 | Delaware | |||||
Cambium Education, Inc. | Corporation | 19971008216 | Colorado |
-8-
Surety Obligations
Type of | Effective | Expiration | ||||||||||||||||||||||||
Bond Number | Issuing Carrier | Principal | Obligee | Bond | Description | Bond Amount | Premium | Date | Date | |||||||||||||||||
510843 | International Fidelity Insurance Company | Cambium Education, Inc. | State of Oklahoma | Supply - All Others - NOC - Public | Contract #10023 for delivery contract Term 7/1/2010 - 6/30/2016 | $ | 5,000.00 | $ | 250.00 | 7/1/2010 | 6/30/2011 | |||||||||||||||
CMS101913 | RLI Insurance Company | Cambium Learning Group, Inc./Cambium Education, Inc. | State of Oklahoma | Schools-All | Oklahoma Textbook Contract Bond - Contract Term 7/1/2005 - 6/30/2011 | $ | 5,000.00 | $ | 600.00 | 6/28/2005 | 6/30/2011 | |||||||||||||||
CMS101925 | RLI Insurance Company | Cambium Education, Inc. | Illinois State Board of Education - Textbook Loan Program | Schools-All | School Instructional Materials Bond - Contract Term 10/25/2005 - 10/25/2010 | $ | 10,000.00 | $ | 800.00 | 10/25/2005 | 10/25/2010 | |||||||||||||||
CMS223755 | RLI Insurance Company | Cambium Education, Inc. | State of Tenessee - State Textbook Commission | Schools-All | Textbook Contract - Contract Term - 6/1/2007 - 6/30/2013 | $ | 430,000.00 | $ | 8,600.00 | 2/28/2007 | 6/30/2011 | |||||||||||||||
CMS223758 | RLI Insurance Company | Cambium Education, Inc. | State of Alabama | Schools-All | Textbook Contract - 6/1/2008 - 6/1/2014 | $ | 5,000.00 | $ | 600.00 | 6/1/2008 | 6/1/2014 | |||||||||||||||
CMS223759 | RLI Insurance Company | Cambium Education, Inc. | State of West Virginia - Board of Education | Schools-All | Instructional Materials Adoption - Contract Term 7/1/2008 - 7/1/2014 | $ | 2,000.00 | $ | 600.00 | 7/1/2008 | 7/1/2014 |
-9-
Type of | Effective | Expiration | ||||||||||||||||||||||||
Bond Number | Issuing Carrier | Principal | Obligee | Bond | Description | Bond Amount | Premium | Date | Date | |||||||||||||||||
CMS223760 | RLI Insurance Company | Cambium Education, Inc. | State of Florida - Board of Education | Schools-All | Publishers of State-Adopted Instructional Materials - Contract Term 4/1/2008 - 4/1/2014 | $ | 25,000.00 | $ | 3,000.00 | 1/31/2008 | 4/1/2014 | |||||||||||||||
HOIFSU0494764 | International Fidelity Insurance Company | Cambium Education, Inc. | State of Tenessee - State Textbook Commission | Schools-All | Textbook Adoption of Voyager Passport Reading Journeys Program | $ | 100,000.00 | $ | 9,000.00 | 6/1/2010 | 6/30/2016 | |||||||||||||||
HOIFSU0494765 | International Fidelity Insurance Company | Cambium Education, Inc. | Houston Independent School District | Class A Contract | Contract# 08-11-06 year(2)of five year contract for Language! Program and Professional Services | $ | 737,351.00 | $ | 7,374.00 | 6/23/2010 | 9/9/2011 | |||||||||||||||
HOIFSU0494769 | International Fidelity Insurance Company | Cambium Learning Group, Inc.; Cambium Education, Inc. | Mississippi Department of Education | Schools-All | Textbook adoption for a preschool program contract #112201440110-7 | $ | 3,000.00 | $ | 250.00 | 1/1/2011 | 12/31/2016 | |||||||||||||||
Total Bonds in force | $ | 1,322,351.00 |
-10-
Taxes
Federal Taxpayer | ||||
Legal Name | Identification Number | |||
Cambium Learning, Inc. | 45-0525540 | |||
LAZEL, Inc. | 27-1609020 | |||
Kurzweil/Intellitools, Inc. | 04-3554733 | |||
Cambium Education, Inc. | 84-0770709 |
-11-
Brokers
-12-
Patents, Trademarks, Copyrights and Licenses
-13-
• | Development Agreement dated April 26, 2007 between MetaMetrics, Inc. and Voyager Expanded Learning, Inc. as amended by that certain Amendment to the Agreement, dated April 24, 2009, between MetaMetrics, Inc. and Voyager Expanded Learning, L.P. |
• | License and Service Agreement between Voyager Expanded Learning, Inc. and Walker Reading Technologies, Inc. dated May 26, 2009. |
• | Dynamic Indicators of Basic Early Literacy Skills (DIBELS), and derivative products. License agreement dated 2/24/10 with copyright owner Dynamic Measurement Group, Inc. gives Sopris exclusive rights to the print version and to electronic version for Non-Mobile Devices (as defined in the agreement.) License is potentially but not necessarily perpetual and worldwide. License includes the trademark DIBELS. |
• | RAVE-O. License agreement dated 2/8/10 with copyright owners Maryanne Wolf and Tufts University gives Sopris exclusive license of all rights. Agreement also includes an exclusive trademark license for the RAVE-O mark from Tufts, which owns the mark. |
• | Software Work for Hire and License Agreement by and between Third Millennium Press, LLC, d/b/a ExploreLearning and Pearson Education, Inc., dated as of February 1, 2003 (the “Gizmos License”). |
• | ABBYY Runtime License Agreement |
• | AyudaTech Licensing and Distribution Agreement. |
• | Cartesian License and Distribution Agreement. |
• | CDMA Development Agreement. |
• | Cepstral VAR_OEM Agreement. |
• | Data Viz Software Licensing Agreement. |
• | Fonix OEM Software License Agreement. |
• | JITIT Virtualization Suite License. |
• | Neospeech VAR_OEM Agreement. |
• | Nuance OEM License Agreement. |
• | Oracle Embedded Software License Agreement |
• | Oracle License Agreement. |
• | Oxford University Press License Agreement. |
• | PIR Subcontractor Agreement. |
• | PIR_Pendergast School District MOU. |
• | RTK Software License Agreement. |
• | Vantage License Agreement. |
• | VMware License Agreement. |
• | Warburg College Curriculum Cooperation Agreement. |
• | Wizzard Software_OEM License Agreement. |
• | Working Software Licensing Agreement. |
• | Administrator’s desk reference of behavior management : v. 1, Leadership guide, by Randall Sprick, Lisa Howard, B. J. Wise, Kim Marcum, Mike Haykin. |
• | Administrator’s desk reference of behavior management : v. 2, Referrals and solutions, by Randall Sprick, Lisa Howard, B. J. Wise, Kim Marcum, Mike Haykin |
• | Basic Skill Buildersby Ray Beck, Peggy Anderson and Denise Conrad |
• | Building self-esteem in the classroom : primary version, by Pat Huggins, Donna Wood Manion, Larry Moen. |
• | Bully-proofing your child : first aid for hurt feelings, by Carla Garrity, Mitchell Baris, William Porter. |
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• | Bully-proofing your child : parent’s guide, by Carla Garrity, Mitchell Baris, William Porter. |
• | CHAMPS : a proactive and positive approach to classroom management : for grades K-9by Randall Sprick, Lisa M. Howard, Mickey Garrison. |
• | Children’s Progress(various titles), by Children’s Progress, Inc. |
• | Choosing education goals : teacher manual and student lessons, by James E. Martin, Wanda Hughes, Laura Huber Marshall, Patty Jerman, Laurie Maxson. |
• | Choosing personal goals : teacher manual and student lessons, by Laura Huber Marshall, James E. Martin, Patty Jerman, Wanda Hughes, Laurie Maxson. |
• | Creating a caring classroom : a validated Washington State innovative education program, by Pat Huggins |
• | DEC recommended practices in early intervention/early childhood special education, by Susan Sandall, Mary E. McLean, Barbara J. Smith. |
• | DEC recommended practices program assessment : improving practices for young children with special needs and their families, by Mary Louise Hemmeter, Gail E. Joseph, Barbara J. Smith, Susan Sandall. |
• | Different is not Bad; Different is the Worldby Sally Smith. |
• | Family-based practices/ the Division for Early Childhood of the Council For Exceptional Children; Eva Horn, Michaelene M. Ostrosky, and Hazel Jones, co-editors. |
• | First Step to Successby Hill M. Walker, Bruce Stiller, Annemieke Golly, Edward Feil, Kate Kavanaugh, Herb Severson. |
• | Fifty Ways to Make Teaching Math More Fun[pub’d asSimple Ways to Make Teaching Math More Fun], by Bob Algozzine |
• | Functional Assessment and Intervention Program, by Utah State Board of Education |
• | Good Talking Words, by Lucy Hart Paulson. |
• | Good Thinking,by by Orville Clark and Wayne Hull |
• | Got it! : seven steps for teaching students to get on top of their problems, by Laurie Hartwig and Gina Meredith. |
• | Helping kids find their strengths, by Pat Huggins, Donna Wood Manion, Larry Moen and Elizabeth Tyler. |
• | Helping kids handle anger : a validated Washington State innovative education program, by Pat Huggins |
• | Helping kids handle conflict : teaching self-control : intermediate version, by Lorraine Shakarian and Pat Huggins. |
• | Helping kids handle put-downs, by Pat Huggins, Donna Wood Manion, and Lorraine Shakarian. |
• | IEP Connectionsand related titles, by Stevan Kukic and Judy Schrag |
• | Interdisciplinary teams/ the Division for Early Childhood of the Council for Exceptional Children ; Eva M. Horn and Hazel Jones, co-editors |
• | J&J Language Readers Level I-III, Vocabulary Cars Level I-II, Kids Poster and Coloring Book, by Jane Fell Greene and Judy Fell Woods |
• | Language Rootsby Anne R. Bebko, Richard Doucet and John Alexander |
• | Making Inclusion Work, by Anne Beninghof |
• | Natural environments and inclusion/ the Division for Early Childhood of the Council for Exceptional Children ; Susan Sandall and Michaelene Ostrosky, co-editors. |
• | One Minute Skill Builder, and related materials, by Susan Mulkey and Karen Kemp. |
• | Please! Teach all of meby Joni Hanson, Paula Neys, Marcia Gums and Jackie Crawford. |
• | Self-directed IEP : teacher’s manual, by by James E. Martin, Laura Huber Marshall, Laurie Maxson, Patty Jerman. |
• | Spelling skill builder timings, by Ray Beck, Denise Conrad & Peggy Anderson. |
• | Staff/Student Support Teamsby Vicki Phillips and Laura McCullough. |
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• | Stop and Thinksupport materials, by Howard M. Knoff and George M. Batsche |
• | Stop, Think and Plan, by Ernie Hergenroeder |
• | Strategies and tactics for effective instruction, by Bob Algozzine, Jim Ysseldyke, Judy Elliott. |
• | Systematic Screening for Behavior Disorders (SSBD), by Hill Walker and Herbert Severson. |
• | Take action : making goals happen : teacher’s manual, by Laura Huber Marshall, James E. Martin, Laurie Maxon, Wanda Hughes, Terry Miller, Toria McGill, Patty Jerman. |
• | Teaching cooperation skills : a validated Washington State innovative education program, by Pat Huggins |
• | Teaching effective classroom routines, by Joe Witt, Lynn LaFleur, Gale Naquin, Donna Gilbertson. |
• | Teaching friendship skills : intermediate version, by Pat Huggins, Donna Wood Manion, Larry Moen. |
• | Teaching Self-Management Strategies to Adolescents: Instructional Manual,by K. Richard Young, Richard P. West, Deborah J. Smith and Daniel P. Morgon |
• | Teaching strategies : what to do to support young children’s development, by Michaelene Ostrosky and Susan Sandall. |
• | The Acting-Out Childby Hill M. Walker. |
• | Think, Get Ready, Respond!,by Barbara J. Terry and Carmen Arreaga-Mayer. |
• | Think Time,by Ron Nelson and Beth Ann Carr |
• | Time savers for educators, by Judy Elliott, Bob Algozzine, Jim Ysseldyke. |
• | Tog;ether We Can,by Charles Greenwood; Joseph C. Delquadri; and Judith Carta |
• | Tough kid new teacher kit : practical classroom management survival strategies for the new teacher, by Ginger Rhode, William R. Jenson, Daniel P. Morgan. |
• | Tough kid video series,by Ginger Rhode, William R. Jenson. |
• | Why Don’t They Like Me?By Susan Sheridan. |
• | Working Together: Tools for Collaborative Teaching, by Anita DeBoer and Susan Fister-Mulkey, and otherWorking Togethertitles |
• | Young exceptional children monograph series : no. 1, Practical ideas for addressing challenging behaviors, by Susan Sandall and Michaelene Ostrosky, co-editors. |
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Restrictions
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Litigation
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Leases
Legal | ||||||||||||||||||||||
Description of | Description (if | Option to | ||||||||||||||||||||
Lease or Other | Encumbered | To be | Purchase/ | |||||||||||||||||||
Common | Documents | Improvements | Approximate | by Mortgage | To be | Encumbered | Right of | |||||||||||||||
Entity of | Name and | Landlord / | Evidencing | Purpose/ | Located on Real | Square | and/or Fixture | Encumbered | by Fixture | First | ||||||||||||
Record | Address | Owner | Interest | Use | Property | Footage | Filing) | by Mortgage | Filing | Refusal | ||||||||||||
Cambium Learning, Inc. | 17855 North Dallas Pkwy, Suite 400 Dallas, Texas 75287 | Briargrove Place, L.L.C. | Office Lease Agreement, dated as of July 9, 2010 | Office | N/A | 42,500 | N/A | NO | NO | NO | ||||||||||||
Cambium Learning, Inc. | 24 Prime Parkway, Suite 303, Natick, MA 01760 | LMF Cochituate Corp. | Lease, dated as of October 6, 2009 | Office | N/A | 13,000 | N/A | NO | NO | NO | ||||||||||||
Sopris West Educational Services, Inc. (n/k/a Cambium Education, Inc.) | 4093 Specialty Place Longmont, CO 80504 | Cactus Investments, LLP | Lease Agreement dated June 1, 2003 | Office; Collateral Location | N/A | 60,000 | N/A | NO | NO | NO | ||||||||||||
Sopris West Educational Services, Inc. (n/k/a Cambium Education, Inc.) | 4185 Salazar Way Frederick, CO 80504 | OIRE Colorado C, LLC (as successor in interest to Opus Northwest, L.L.C.) | Build-to-Suit Net Lease, dated as of September 30, 2005, as amended Price Participation Agreement, dated as of September 30, 2005 | Collateral Location | See table below | 200,000 | NO | NO | NO | NO |
-19-
Legal | ||||||||||||||||||||||
Description of | Description (if | Option to | ||||||||||||||||||||
Lease or Other | Encumbered | To be | Purchase/ | |||||||||||||||||||
Common | Documents | Improvements | Approximate | by Mortgage | To be | Encumbered | Right of | |||||||||||||||
Entity of | Name and | Landlord / | Evidencing | Purpose/ | Located on Real | Square | and/or Fixture | Encumbered | by Fixture | First | ||||||||||||
Record | Address | Owner | Interest | Use | Property | Footage | Filing) | by Mortgage | Filing | Refusal | ||||||||||||
LAZEL, Inc. | 3767 Ranchero Drive, Suite 200, Ann Arbor, MI 48108 | Valley Ranch Business Park No. 20, LLC | Valley Ranch Business Park Lease, dated as of September 24, 2010 | Office | N/A | 5,000 | N/A | NO | NO | NO | ||||||||||||
Voyager Expanded Learning, Inc. (n/k/a Cambium Education, Inc.) | 1840 E. River Road, Tucson, AZ 85718 | Cambric Partners | Lease, dated as of June 5, 2005, as amended | Office | N/A | 13,000 | N/A | NO | NO | NO | ||||||||||||
LAZEL, Inc. (d/b/a Explore Learning, Inc.) | 400 East Main Street, Charlottesville, VA 22902 | OMD, LLC | Lease Agreement, dated July 19, 2007 | Office | N/A | 4,000 | N/A | NO | NO | NO |
-20-
Pension Plans
Exhibit 8.1.3 - Page 1
Labor Relations
Exhibit 8.1.3 - Page 2
COMPLIANCE CERTIFICATE
[ ]
111 West Monroe Street
Chicago, Illinois 60603
Very truly yours, | ||||
Exhibit 8.1.3 - Page 3
Exhibit 8.1.3A - Page 1
A-1
Loans
A-2
Total Indebtedness
A-3
Liens
A-4
Permitted Investments
A-5
Exhibit 8.3 - Page 1
Exhibit 8.3 - Page 2
Exhibit 8.3 - Page 3
Exhibit 8.3 - Page 4
Exhibit 8.3 - Page 5
Exhibit 8.3 - Page 6
Period | Ratio | |
1.10 to 1.0 |
Exhibit 8.3 - Page 7