IN: June 29, 2001 Dear Questia Stockholder: As a follow-up to our Series C stock offering, I would like to inform you that the participation in our Series C offering has been slower than anticipated. We had originally intended to raise $15MM to $20MM dollars. To date we have raised approximately $11MM although we are expecting to hear from several Taiwanese investors about a substantial investment that will be incremental to the $11MM that has been raised to date. Additionally, we have recently retained Credit Suisse First Boston to assist us with a $25MM private placement with a strategic partner. We are optimistic that this round will close in mid to late September 2001. You may recall that the Series C documents provided for us to close the Series C round on May 31, 2001. Questia would like to extend that period to permit additional Series C investors to participate in the Series C round on the same terms and conditions as the Series C investors who participated prior to May 31, 2001.

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OUT: Extension of Series C Offering and Waiver of Right to Participate

IN: Attached for your information is a memo that we plan to send out to employees worldwide Monday afternoon or Tuesday morning discussing the Policy Committee's cost saving recommendations. To the extent there are unique aspects of these policies as they apply to your business unit, please follow up with a further communication to your employees. We will send you a list of frequently asked questions that deal with systems issues. Thank you.

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OUT: Cost Savings Memo

IN: Description: White and brown, small, female, about 30 lbs. Her name is Katy. She has no collar or tags. Please contact Frank or Lynn Hodges at (281) 332-7225. Thank you!

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OUT: Lost Dog in CCV

IN: Gentlemen, I'm writing on behalf of Jeff Skilling regarding scheduling a 20-minute conference call to discuss the above referenced presentation/panel discussion at the Houston Chapter YPO (Young Presidents Organization) meeting. Jeff is available the afternoon of Thursday, April 12, between the hours of 3:00 p.m. and 5:00 p.m. (CDT). Please let me know what your availability is during this time period, and I'll be back in touch to nail down an exact time or to suggest an alternative date/time. Thank you very much for your commitment to this event and for your patience in awaiting the details. I look forward to hearing from each of you soon. Best regards,

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OUT:
April 24 YPO presentation in Houston