Laureate and Adtalem amend Walden University sale; waive termination rights over DOE letter

LAUREATE EDUCATION, INC.

U.S. DOE notification dated June 23, 2021 to Walden University deemed a DOE Preacquisition Response under amended agreement.
Both parties waive termination rights under Sections 7.01(b)(iii) and 7.01(c)(ii) related to the DOE notification.
Laureate provides additional indemnification to Adtalem with new caps: $11.1M for certain losses and $5.55M deductible.
Sale of Walden University to Adtalem remains on track; other deal terms and conditions unchanged.

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