Document:

ex10-2.htm

Exhibit 10.2

 

PROMISSORY NOTE

 $50,000

May __, 2015

Titan Computer Services, Inc., a New York corporation (“Issuer”) hereby promises to pay to Rosenweiss Capital LLC (“Noteholder”) the principal sum of Fifty Thousand ($50,000) plus interest accrued thereon at the rate of 3% per annum as provided in this Note. Interest shall continue to accrue until all outstanding principal is paid in full.

 

Principal and accrued interest hereunder shall be due and payable as follows: on the fourth anniversary of the date hereof (May __, 2019), and each annual anniversary thereafter until this Note is paid in full, Issuer shall pay Noteholder $10,000 plus accrued interest thereon at the rate of 3% per annum until this Note is paid in full. The outstanding principal sum and accrued interest thereon may be prepaid by Issuer at any time without penalty or premium.

 

In case one or more of the following events (each, an “Event of Default”) (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall have occurred and be continuing:

 

(a)           default in the payment of all or any part of the principal of any of this Note as and when the same shall become due and payable in accordance with the terms hereof or otherwise; or

 

(b)           Issuer defaults under any other note, loan, obligation or liability; or

 

(c)           Issuer pursuant to or within the meaning of any bankruptcy law:

 

(i)           commences a voluntary case or proceeding,

 

(ii)          consents to the entry of an order for relief against it in an involuntary case or proceeding,

 

(iii)         consents to the appointment of a custodian of it or for all or substantially all of its property,

 

(iv)         makes a general assignment for the benefit of its creditors, or

 

(v)          admits in writing its inability to pay its debts as the same become due; or

 

(d)           a court of competent jurisdiction enters an order or decree under any bankruptcy law that:

 

(i)           is for relief against Issuer in an involuntary case,

 

(ii)          appoints a custodian of Issuer or for all or substantially all of the property of Issuer, or

 

(iii)         orders the liquidation of Issuer, and such order or decree remains unstayed and in effect for 30 days;

 

  

  

  

 

then, in each case where an Event of Default occurs, the Note shall immediately accelerate and the outstanding principal hereunder shall be due and payable immediately, without any notice or act required on the part of Noteholder.  Issuer shall promptly (i.e. within 24 business hours) give Noteholder notice of the occurrence of an Event of Default.

 

No right or remedy herein conferred upon or reserved to Noteholder is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.

 

This Note shall be governed by and be construed in accordance with the internal laws of the State of New York without regard to the conflicts of law rules of such state.

 

Issuer hereby waives presentment, demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, except as specifically provided herein, and assent to extensions of the time of payment, or forbearance or other indulgence without notice.

 

The liability of Issuer hereunder shall be unconditional and shall not be in any manner affected by any indulgence whatsoever granted or consented to by Noteholder, including, without limitation, any extension of time, renewal, waiver or other modification.  Any failure of Noteholder to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any time and from time to time thereafter.  Noteholder may accept late payments, or partial payments, even though marked "payment in full" or containing words of similar import or other conditions, without waiving any of its rights.  No amendment, modification or waiver of any provision of this Note or consent to any departure by Issuer therefrom shall be effective, irrespective of any course of dealing, unless the same shall be in writing and signed by Noteholder, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.  This Note cannot be changed or terminated orally or by estoppel or waiver or by any alleged oral modification regardless of any claimed partial performance referable thereto.

 

This Note and the rights and obligations set forth herein shall not be assigned by either party without the prior written consent of Issuer.

 

IN WITNESS WHEREOF, Issuer has caused this Promissory Note to be duly executed as of the date first set forth above.

 

 

TITAN COMPUTER SERVICES, INC.                                                                                       ROSENWEISS CAPITAL LLC.

By:  ___________________________                                                                                   By:  __________________________

Name: _________________________                                                                                    Name: ________________________

Title: __________________________                                                                                    Title: _________________________ex10-3.htm

Exhibit 10.3

January 11th, 2016

 

Green Tree Software LLC grants to Titan Computer Services Inc. the rights to market and distribute its software worldwide. Green Tree Software LLC  and Titan Computer Services Inc. are the only two companies that can market and distribute Green Tree Magic Software worldwide.

 

 

 

/s/ Steven Edelman

Steven Edelman 

 

CEO

 

Green Tree Software LLCExhibit 4.4

 

Loan Agreement

 

 

Party A (Lender): Kingtone Wirelessinfo
Solution Holding Ltd

 

 

Party B (Borrower): Xi’an Xinrong
Engineering and Industry (Group) Co., Ltd

 

 

Whereas:

The Borrower has asked for a loan from
the Lender due to its capital requirement, based on the negotiation of the Borrower and Lender, the agreement is hereby concluded
as follows:

 

1, Amount: RMB ¥17,000,000

 

2, Term: August 10, 2015---August 09,
2020 

 

3, Interest: Free

 

4, Any dispute arising from execution of
the Agreement shall be firstly settled by the Borrower and the Lender hereto through consultation. In case no settlement can be
reached, the two parties agree to sue to the local court locating at the place where the lender has its operation.

 

5, The reasonable costs of litigants should
be involved in such as lawyer ' s fees, loss of working time and investigation expenses of expenditures borne by the losing party.

 

6, This Agreement shall be executed
in two copies, and each of the two parties shall have one.

 

 

	Party A (stamp):	Party B (stamp):
	company seal affixed	company seal affixed
	 	 
	 	 
	Date: August
    10, 2015	Date: August 10, 2015Exhibit 4.3

 

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of December 29, 2015, by and among Laureate Education, Inc., a Delaware public benefit corporation (the “Issuer”), the guarantors party hereto (the “Guarantors”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture, dated as of July 25, 2012, as supplemented by a First Supplemental Indenture dated as of November 13, 2012 (collectively, the “Indenture”), providing for the issuance of 9.250% Senior Notes due 2019 (the “2019 Notes”);

 

WHEREAS, Section 2.01(d) of the Indenture provides that Additional Notes (as defined in the Indenture) ranking pari passu with the Initial Notes (as defined in the Indenture) may be created and issued from time to time by the Issuer (subject to the Issuer’s compliance with Section 4.09 of the Indenture) without notice to or consent of the Holders (as defined in the Indenture) and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise as the Initial Notes; and

 

WHEREAS, the Issuer and the Guarantors desire to execute and deliver this Supplemental Indenture for the purpose of issuing $50,046,000 in aggregate principal amount of Additional Notes in definitive form, having terms substantially identical in all material respects to the 2019 Notes (together with the 2019 Notes, the “Notes”); and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

(1)                                 Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

(2)                                 Additional Notes.  As of the date hereof, the Issuer will issue the Additional Notes under the Indenture in definitive form, having terms substantially identical in all material respects to the 2019 Notes, at an issue price of 100.00%.  The 2019 Notes and the Additional Notes shall be treated as a single class for all purposes under the Indenture.

 

(3)                                 Authentication of Additional Notes. The Trustee shall, pursuant to an Issuer Authentication Order delivered in accordance with Section 2.02 of the Indenture, authenticate and deliver the Additional Notes for an aggregate principal amount specified in such Issuer Authentication Order.

 

(4)                                 Ratification of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder shall be bound thereby.

 

 

(5)                                 Governing Law.  THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

(6)                                 Severability. In case any provision in this Second Supplemental Indenture, the Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

(7)                                 Successors. This Second Supplemental Indenture shall be binding on the Issuer, the Guarantors, the Trustee and the Holders and their respective successors and assigns, and shall inure to the benefit of such parties and their respective successors and assigns.

 

(8)                                 Counterparts.  The parties may sign any number of copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

(9)                                 Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

 

(10)                          The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer and the Guarantors.

 

[The remainder of this page is intentionally left blank.]

 

2

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

 

 

	
 
    	
Very   truly yours,
    
	
 
    	
 
    
	
 
    	
LAUREATE   EDUCATION, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert W. Zentz
    
	
 
    	
Name:   Robert W. Zentz
    
	
 
    	
Title:   Senior Vice President, Secretary and General Counsel
    

 

[Signature Page to Second Supplemental Indenture (DCP) – Laureate Education, Inc.]

 

 

	
 
    	
LAUREATE   VENTURES, INC.
    
	
 
    	
LAUREATE   INTERNATIONAL UNIVERSITIES, INC.
    
	
 
    	
INTERNATIONAL   UNIVERSITY VENTURES, LTD.
    
	
 
    	
LAUREATE   PROPERTIES, LLC (DELAWARE)
    
	
 
    	
POST-SECONDARY EDUCATION   ACQUISITION CORPORATION
    
	
 
    	
TUITION   FINANCE, INC.
    
	
 
    	
WALDEN   E-LEARNING, LLC
    
	
 
    	
THE   CANTER GROUP OF COMPANIES, LLC
    
	
 
    	
LAUREATE   EDUCATION INTERNATIONAL LTD.
    
	
 
    	
CANTER   AND ASSOCIATES, LLC
    
	
 
    	
EDUCATIONAL   SATELLITE SERVICES, INC.
    
	
 
    	
WALL STREET INTERNATIONAL   HOLDINGS — US I, INC.
    
	
 
    	
LEI   ADMINISTRATION, LLC
    
	
 
    	
EXETER   STREET HOLDINGS LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert W. Zentz
    
	
 
    	
 
    	
Name:
    	
Robert   W. Zentz
    
	
 
    	
 
    	
Title:
    	
Vice   President and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
LAUREATE   BAGBY INVESTORS LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
LAUREATE   EDUCATION, INC.,
    
	
 
    	
 
    	
its   Sole Member
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert W. Zentz
    
	
 
    	
 
    	
Name:
    	
Robert   W. Zentz
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President, Secretary and General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
FLEET   STREET AVIATION, LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert W. Zentz
    
	
 
    	
 
    	
Name:
    	
Robert   W. Zentz
    
	
 
    	
 
    	
Title:
    	
Manager
    

 

[Signature Page to Second Supplemental Indenture (DCP) – Laureate Guarantors]

 

 

	
 
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION,
    
	
 
    	
as   Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Martin Reed
    
	
 
    	
 
    	
Name:    Martin Reed
    
	
 
    	
 
    	
Title:      Vice President
    

 

[Signature Page to Second Supplemental Indenture (DCP) – Trustee]

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