Apollo Education Group Inc – Credit Agreements Watch

from 10-Q 3 pages Of Usd125,792,594.00 (U.S. Dollars One Hundred Twenty Five Million Seven Hundred Ninety Two Thousand Five Hundred Ninety Four and 00/100)), Available by Your Draft (Or Drafts Drawn on US) at Sight Accompanied By: A) the Original of This Letter of Credit Instrument (Along With Originals of All Amendments), and B) a Statement Signed by the Secretary (“Secretary”), U.S. Department of Education (“Department”), (Signing as Such), or the Secretary’s Representative, Certifying That the Drafted Funds Will Be Used for One or More of the Following Purposes, as Determined by the Secretary: 1) to Pay Refunds of Institutional or Non-Institutional Charges Owed to or on Behalf of Current or Former Students of the Institution, Whether the Institution Remains Open or Has Closed; and/Or

from 10-Q 123 pages Credit Agreement Dated as of January 4, 2008 Among Apollo Group, Inc. the Lenders Party Hereto Bank of America, N.A. and Bnp Paribas as Co-Documentation Agents Wells Fargo Bank, N.A. as Syndication Agent and Jpmorgan Chase Bank, N.A. as Administrative Agent J.P. Morgan Securities Inc. as Sole Bookrunner and Sole Lead Arranger