EDMC 06.30.2014 EX 10.4.b








Schedules to the Credit and Guaranty Agreement




Schedule 4.1    Jurisdiction of Organization


	
		
	Full Legal Name
	Jurisdiction of Organization

	AICA-IE Restaurant, Inc.
	California

	AID Restaurant, Inc.
	Texas

	AIH Restaurant, Inc.
	Texas

	AIIM Restaurant, Inc.
	Minnesota

	AIIN Restaurant LLC
	Indiana

	AIT Restaurant, Inc.
	Florida

	AITN Restaurant, Inc.
	Tennessee

	American Education Centers Inc.
	Delaware

	Argosy Education Group, Inc.
	Illinois

	Argosy University Family Center, Inc.
	Minnesota

	Argosy University of California LLC
	California

	Argosy University of Florida, Inc.
	Florida (inactive)

	Art Institute of Honolulu, Inc.
	Hawaii (inactive)

	Art Institute of Orlando, Inc.
	Florida (inactive)

	Brown Mackie College - Albuquerque LLC
	New Mexico

	Brown Mackie College - Atlanta/College Park, Inc.
	Georgia

	Brown Mackie College - Birmingham LLC
	Alabama

	Brown Mackie College - Boise, Inc.
	Idaho

	Brown Mackie College - Dallas LLC
	Texas

	Brown Mackie College - Greenville, Inc.
	South Carolina

	Brown Mackie College - Indianapolis, Inc.
	Indiana 

	Brown Mackie College - Kansas City LLC
	Kansas

	Brown Mackie College - Miami, Inc.
	Florida

	Brown Mackie College - Miami North LLC
	Florida

	Brown Mackie College - Oklahoma City LLC
	Oklahoma

	Brown Mackie College - Phoenix, Inc.
	Arizona 

	Brown Mackie College - Salina LLC
	Kansas

	Brown Mackie College - San Antonio LLC
	Texas

	Brown Mackie College - St. Louis, Inc. 
	Missouri

	Brown Mackie College - Tucson, Inc.
	Texas

	Brown Mackie College - Tulsa, Inc.
	Oklahoma

	Brown Mackie Education Corporation
	Delaware

	Brown Mackie Holding Company
	Delaware

	EDMC Aviation, Inc.
	Pennsylvania (being dissolved)

	EDMC Canada Limited
	Nova Scotia

	EDMC Marketing and Advertising, Inc.
	Georgia

	Education Finance I LLC
	Delaware

	Education Finance II LLC
	Delaware

	Education Management Corporation
	Pennsylvania

	Education Management Finance Corp.
	Delaware

	Education Management Holdings LLC
	Delaware

	Education Management LLC
	Delaware

	Higher Education Services, Inc.
	Georgia













	
		
	MCM University Plaza, Inc.
	Illinois

	Miami International University of Art & Design, Inc.
	Florida

	Michiana College Education Corporation
	Delaware

	New York Institute of Art, Inc.
	New York (inactive)

	South Education Corporation
	Kansas

	South Education - Texas LLC
	Texas

	South University of Alabama, Inc.
	Alabama

	South University of Carolina, Inc.
	South Carolina

	South University of Florida, Inc.
	Florida

	South University of Michigan, LLC
	Michigan

	South University of Missouri, Inc.
	Missouri

	South University of North Carolina, Inc.
	North Carolina (inactive)

	South University of Tennessee, Inc.
	Tennessee (inactive)

	South University of Virginia, Inc.
	Virginia

	South University Research Corporation
	Georgia

	South University, LLC
	Georgia

	Southern Ohio College, LLC
	Delaware

	Stautzenberger College Education Corporation
	Delaware

	SUNM LLC
	Michigan

	TAIC-San Diego, Inc. d/b/a The Art Institute of California-San Diego
	California

	TAIC-San Francisco, Inc. d/b/a The Art Institute of California-San Francisco
	California

	The Art Institute of Atlanta, LLC
	Georgia

	The Art Institute of Austin, Inc.
	Texas

	The Art Institute of California - Hollywood, Inc.
	California

	The Art Institute of California- Inland Empire, Inc.
	California

	The Art Institute of California-Los Angeles, Inc.
	California

	The Art Institute of California-Orange County, Inc.
	California

	The Art Institute of California-Sacramento, Inc.
	California

	The Art Institute of California-Sunnyvale, Inc.
	California

	The Art Institute of Charleston, Inc.
	South Carolina

	The Art Institute of Charlotte, Inc.
	North Carolina

	The Art Institute of Colorado, Inc.
	Colorado

	The Art Institute of Dallas, Inc.
	Texas

	The Art Institute of Fort Lauderdale, Inc.
	Florida

	The Art Institute of Fort Worth, Inc.
	Texas

	The Art Institute of Houston, Inc.
	Texas

	The Art Institute of Indianapolis LLC
	Indiana

	The Art Institute of Jacksonville, Inc.
	Florida

	The Art Institute of Las Vegas, Inc.
	Nevada

	The Art Institute of Michigan, Inc.
	Michigan 

	The Art Institute of New Jersey LLC
	New Jersey

	The Art Institute of New York City, Inc.
	New York

	The Art Institute of Ohio- Cincinnati, Inc.
	Ohio

	The Art Institute of Philadelphia LLC
	PA

	The Art Institute of Pittsburgh LLC
	PA

	The Art Institute of Portland, Inc.
	Oregon

	The Art Institute of Raleigh-Durham, Inc.
	North Carolina

	The Art Institute of Salt Lake City, Inc.
	Utah

	The Art Institute of San Antonio, Inc.
	Texas

	The Art Institute of Seattle, Inc.
	Washington













	
		
	The Art Institute of St. Louis, Inc.
	Missouri

	The Art Institute of Tampa, Inc.
	Florida

	The Art Institute of Tennessee - Nashville, Inc.
	Tennessee

	The Art Institute of Tucson, Inc.
	Arizona

	The Art Institute of Vancouver, Inc. (British Columbia)
	British Columbia

	The Art Institute of Virginia Beach LLC
	Virginia

	The Art Institute of Washington, Inc.
	District of Columbia

	The Art Institute of Washington-Northern Virginia LLC
	Virginia

	The Art Institute of Wisconsin LLC 
	Wisconsin

	The Art Institute of York-Pennsylvania LLC
	Pennsylvania

	The Art Institutes International - Kansas City, Inc.
	Kansas

	The Art Institutes International Minnesota, Inc.
	Minnesota

	The Art Institutes International LLC
	Pennsylvania

	The Asher School of Business Education Corporation
	Delaware

	The Connecting Link, Inc.
	Georgia

	The Illinois Institute of Art at Schaumburg, Inc.
	Illinois

	The Illinois Institute of Art, Inc. 
	Illinois

	The Illinois Institute of Art - Tinley Park LLC 
	Illinois

	The Institute of Post-Secondary Education, Inc. d/b/a The Art Institute of Phoenix
	Arizona

	The New England Institute of Art, LLC
	Massachusetts

	The University of Sarasota, Inc.
	Florida

	Western State University of Southern California
	California













Schedule 4.9 Environmental Matters


None.













Schedule 4.10    Taxes


None.













Schedule 4.11    ERISA Compliance


None.









Schedule 4.12    Subsidiaries and Other Equity Investments


	
			
	Name
	Jurisdiction of Formation
	Ownership (Direct Parent)

	AICA-IE Restaurant, Inc.
	California
	100%  (The Art Institute of California- Inland Empire, Inc.)

	AID Restaurant, Inc.
	Texas
	100%  ( The Art Institute of Dallas, Inc.)

	AIH Restaurant, Inc.
	Texas
	100%  (The Art Institute of Houston, Inc.)

	AIIM Restaurant, Inc.
	Minnesota
	100%  (Education Management LLC)

	AIIN Restaurant LLC
	Indiana
	100%  (The Art Institute of Indianapolis LLC ) 

	AIT Restaurant, Inc.
	Florida
	100%  (The Art Institute of Tampa, Inc.  ) 

	AITN Restaurant, Inc.
	Tennessee
	100%  (The Art Institute of Tennessee - Nashville, Inc.) 

	American Education Centers Inc.
	Delaware
	100%  (Brown Mackie Holding Company) 

	Argosy Education Group, Inc.
	Illinois
	100%  ( Education Management LLC ) 

	Argosy University Family Center, Inc.
	Minnesota
	100%  (Argosy Education Group, Inc. ) 

	Argosy University of California LLC
	California
	100%  (Education Management LLC ) 

	Argosy University of Florida, Inc.
	Florida (inactive)
	100%  (Argosy Education Group, Inc. ) 

	Art Institute of Honolulu, Inc.
	Hawaii (inactive)
	 Shares not issued 

	Art Institute of Orlando, Inc.
	Florida (inactive)
	Shares not issued

	Brown Mackie College - Albuquerque LLC
	New Mexico
	100%  ( Brown Mackie College-Tucson, Inc. ) 

	Brown Mackie College - Atlanta/College Park, Inc.
	Georgia
	100%  (American Education Centers Inc.  ) 

	Brown Mackie College - Birmingham LLC
	Alabama
	100%  (American Education Centers Inc. ) 

	Brown Mackie College - Boise, Inc.
	Idaho
	100%  (Michiana College Education Corporation ) 

	Brown Mackie College - Dallas LLC
	Texas
	100%  (American Education Centers Inc.  ) 

	Brown Mackie College - Greenville, Inc.
	South Carolina
	100%  (Brown Mackie College-Tucson, Inc.  ) 

	Brown Mackie College - Indianapolis, Inc.
	Indiana 
	100%  (Stautzenberger College Education Corporation ) 

	Brown Mackie College - Kansas City LLC
	Kansas
	100%  (Brown Mackie College- Salina LLC ) 

	Brown Mackie College - Miami, Inc.
	Florida
	100%  (American Education Centers Inc. ) 

	Brown Mackie College - Miami North LLC
	Florida
	100%  (American Education Centers Inc. ) 

	Brown Mackie College - Oklahoma City LLC
	Oklahoma
	100%  ( Brown Mackie Education Corporation) 

	Brown Mackie College - Phoenix, Inc.
	Arizona 
	100%  (Brown Mackie College-Tucson, Inc.) 

	Brown Mackie College - Salina LLC
	Kansas
	100%  (Brown Mackie Education Corporation) 

	Brown Mackie College - San Antonio LLC
	Texas
	100%  (American Education Centers Inc. ) 

	Brown Mackie College - St. Louis, Inc. 
	Missouri
	100%  (Brown Mackie College-Tucson, Inc. ) 

	Brown Mackie College - Tucson, Inc.
	Texas
	100%  (Southern Ohio College, LLC) 

	Brown Mackie College - Tulsa, Inc.
	Oklahoma
	100%  (Michiana College Education Corporation) 

	Brown Mackie Education Corporation
	Delaware
	100%  (Brown Mackie Holding Company) 

	Brown Mackie Holding Company
	Delaware
	100%  (Education Management LLC) 

	EDMC Aviation, Inc.
	Pennsylvania (being dissolved)
	100%  (Education Management LLC) 

	EDMC Canada Limited
	Nova Scotia
	100%  (The Art Institutes International LLC ) 

	EDMC Marketing and Advertising, Inc.
	Georgia
	100%  (Education Management LLC) 

	Education Finance I LLC
	Delaware
	100%  (Education Management LLC) 

	Education Finance II LLC
	Delaware
	100%  ( Education Management Corporation) 













	
			
	Education Management Finance Corp.
	Delaware
	100%  (Education Management LLC) 

	Education Management Holdings LLC
	Delaware
	100%  (Education Management Corporation) 

	Education Management LLC
	Delaware
	100%  (Education Management Holdings LLC) 

	Higher Education Services, Inc.
	Georgia
	100%  (Education Management  LLC) 

	MCM University Plaza, Inc.
	Illinois
	100%  (The University of Sarasota, Inc. ) 

	Miami International University of Art & Design, Inc.
	Florida
	100%  (The Art Institutes International LLC) 

	Michiana College Education Corporation
	Delaware
	100%  (Brown Mackie Holding Company) 

	New York Institute of Art, Inc.
	New York (inactive)
	Shares not issued

	South Education Corporation
	Kansas
	100%  ( South University, LLC) 

	South Education - Texas LLC
	Texas
	100%  (South University, LLC) 

	South University of Alabama, Inc.
	Alabama
	100%  (South University, LLC) 

	South University of Carolina, Inc.
	South Carolina
	100%  (South University, LLC) 

	South University of Florida, Inc.
	Florida
	100%  (South University, LLC) 

	South University of Michigan, LLC
	Michigan
	100%  (South University, LLC) 

	South University of Missouri, Inc.
	Missouri
	100%  (South University, LLC) 

	South University of North Carolina, Inc.
	North Carolina (inactive)
	100%  (South University, LLC) 

	South University of Tennessee, Inc.
	Tennessee (inactive)
	100%  (South University, LLC) 

	South University of Virginia, Inc.
	Virginia
	100%  (South University, LLC) 

	South University Research Corporation
	Georgia
	100%  (South University, LLC) 

	South University, LLC
	Georgia
	100%  (Education Management LLC) 

	Southern Ohio College, LLC
	Delaware
	45% (Brown Mackie Holding Company)
22% (American Education Centers Inc.)
11% by each of Brown Mackie Education Corporation, Stautzenberger College Education Corporation and Michiana College Education Corporation  

	Stautzenberger College Education Corporation
	Delaware
	100%  (American Education Centers Inc.) 

	SUNM LLC
	Michigan
	100%  (South University, LLC) 

	TAIC-San Diego, Inc. d/b/a The Art Institute of California-San Diego
	California
	100%  (The Art Institutes International LLC ) 

	TAIC-San Francisco, Inc. d/b/a The Art Institute of California-San Francisco
	California
	100%  (The Art Institutes International LLC ) 

	The Art Institute of Atlanta, LLC
	Georgia
	100%  (The Art Institutes International LLC ) 

	The Art Institute of Austin, Inc.
	Texas
	100%  (The Art Institutes International LLC) 

	The Art Institute of California - Hollywood, Inc.
	California
	100%  (The Art Institutes International LLC ) 

	The Art Institute of California- Inland Empire, Inc.
	California
	100%  (TAIC-San Diego, Inc. d/b/a The Art Institute of California-San Diego) 

	The Art Institute of California-Los Angeles, Inc.
	California
	100%  (TAIC-San Francisco, Inc. d/b/a The Art Institute of California-San Francisco) 

	The Art Institute of California-Orange County, Inc.
	California
	100%  (TAIC-San Francisco, Inc. d/b/a The Art Institute of California-San Francisco ) 

	The Art Institute of California-Sacramento, Inc.
	California
	100%  (TAIC-San Francisco, Inc. d/b/a The Art Institute of California-San Francisco ) 

	The Art Institute of California-Sunnyvale, Inc.
	California
	100%  (The Art Institutes International LLC) 

	The Art Institute of Charleston, Inc.
	South Carolina
	100%  (The Art Institutes International LLC) 

	The Art Institute of Charlotte, Inc.
	North Carolina
	100%  (The Art Institutes International LLC) 













	
			
	The Art Institute of Colorado, Inc.
	Colorado
	100%  (The Art Institutes International LLC) 

	The Art Institute of Dallas, Inc.
	Texas
	100%  (South University, LLC) 

	The Art Institute of Fort Lauderdale, Inc.
	Florida
	100%  (The Art Institutes International LLC) 

	The Art Institute of Fort Worth, Inc.
	Texas
	100%  (The Art Institute of Dallas, Inc.) 

	The Art Institute of Houston, Inc.
	Texas
	100%  (The Art Institutes International LLC) 

	The Art Institute of Indianapolis LLC
	Indiana
	100%  (The Art Institutes International LLC) 

	The Art Institute of Jacksonville, Inc.
	Florida
	100%  (The Art Institutes International LLC) 

	The Art Institute of Las Vegas, Inc.
	Nevada
	100%  (The Art Institutes International LLC) 

	The Art Institute of Michigan, Inc.
	Michigan 
	100%  (The Illinois Institute of Art, Inc. ) 

	The Art Institute of New Jersey LLC
	New Jersey
	100%  (The Art Institute of Pittsburgh LLC) 

	The Art Institute of New York City, Inc.
	New York
	100%  (The Art Institutes International LLC) 

	The Art Institute of Ohio- Cincinnati, Inc.
	Ohio
	100%  (The Illinois Institute of Art, Inc.)  

	The Art Institute of Philadelphia LLC
	PA
	100%  (The Art Institutes International LLC) 

	The Art Institute of Pittsburgh LLC
	PA
	100%  (The Art Institutes International LLC) 

	The Art Institute of Portland, Inc.
	Oregon
	100%  (The Art Institutes International LLC) 

	The Art Institute of Raleigh-Durham, Inc.
	North Carolina
	100%  (The Art Institute of Charlotte, Inc.) 

	The Art Institute of Salt Lake City, Inc.
	Utah
	100%  (The Art Institutes International LLC) 

	The Art Institute of San Antonio, Inc.
	Texas
	100%  (The Art Institutes International LLC) 

	The Art Institute of Seattle, Inc.
	Washington
	100%  (The Art Institutes International LLC) 

	The Art Institute of St. Louis, Inc.
	Missouri
	100%  (The Art Institute of Colorado, Inc.) 

	The Art Institute of Tampa, Inc.
	Florida
	100%  (The Art Institutes International LLC) 

	The Art Institute of Tennessee - Nashville, Inc.
	Tennessee
	100%  (The Art Institutes International LLC) 

	The Art Institute of Tucson, Inc.
	Arizona
	100%  (The Art Institutes International LLC) 

	The Art Institute of Vancouver, Inc. (British Columbia)
	British Columbia
	100%  (EDMC Canada Limited) 

	The Art Institute of Virginia Beach LLC
	Virginia
	100%  (The Art Institute of Atlanta, LLC) 

	The Art Institute of Washington, Inc.
	District of Columbia
	100%  (The Art Institutes International LLC) 

	The Art Institute of Washington-Northern Virginia LLC
	Virginia
	100%  (The Art Institutes International LLC) 

	The Art Institute of Wisconsin LLC 
	Wisconsin
	100%  (The Institute of Post-Secondary Education, Inc. d/b/a The Art Institute of Phoenix) 

	The Art Institute of York-Pennsylvania LLC
	Pennsylvania
	100%  (The Art Institutes International LLC) 

	The Art Institutes International -Kansas City, Inc.
	Kansas
	100%  (The Art Institutes International LLC) 

	The Art Institutes International Minnesota, Inc.
	Minnesota
	100%  (The Art Institutes International LLC) 

	The Art Institutes International LLC
	Pennsylvania
	100%  (Education Management LLC) 

	The Asher School of Business Education Corporation
	Delaware
	100%  (The Art Institute of Charlotte, Inc.) 

	The Connecting Link, Inc.
	Georgia
	100%  (Argosy Education Group, Inc.) 

	The Illinois Institute of Art at Schaumburg, Inc.
	Illinois
	100%  (The Illinois Institute of Art, Inc. ) 

	The Illinois Institute of Art, Inc. 
	Illinois
	100%  (The Art Institutes International LLC) 

	The Illinois Institute of Art - Tinley Park LLC 
	Illinois
	100%  (The Illinois Institute of Art, Inc.) 

	The Institute of Post-Secondary Education, Inc. d/b/a The Art Institute of Phoenix
	Arizona
	100%  (The Art Institute of Colorado, Inc.) 













	
			
	The New England Institute of Art, LLC
	Massachusetts
	100%  (The Art Institutes International LLC) 

	The University of Sarasota, Inc.
	Florida
	100%  (Argosy Education Group, Inc.) 

	Western State University of Southern California
	California
	100%  (Argosy Education Group, Inc.)