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.
In order to facilitate this extension, I ask that you sign the attached
waiver and return it to me by fax at 713-358-2996.
Please call me if you have any questions.
J. David Cabello
Vice President and General Counsel
Questia Media America, Inc.
3 Greenway Plaza, Suite 1700
Houston, Texas 77046
(See attached file: Seried C Notice 6.12.01.DOC)(See attached file: term
sheet april 16, 2001.doc)(See attached file: Short Form Waiver - SERIES
- Seried C Notice 6.12.01.DOC
- term sheet april 16, 2001.doc
- Short Form Waiver - SERIES B.DOC