Common use of Equity Investment Clause in Contracts

Equity Investment. From the date of the Closing to December 15, 1999, Executive may elect to purchase up to $10,000 of Common Stock, par value $0.01 per share ("WRC MEDIA COMMON STOCK"), of WRC Media from EAC IV L.L.C. at a purchase price of $18.60065 per share in cash. If Executive purchases any such shares, Executive will enter into a shareholder agreement among WRC Media, EAC III L.L.C. and certain other executives of the Company and its affiliates in the form previously agreed to by such parties. If Executive so elects, up to one half of Executive's purchase of WRC Media Common Stock may be financed with a personal loan guaranteed by the Company on commercially reasonable terms. The Company shall make reasonable efforts to arrange and guarantee such loan.

Equity Investment. From the date of the Closing to December 15, 1999, Executive may elect to purchase up to $10,000 20,000 of Common Stock, par value $0.01 per share ("WRC MEDIA COMMON STOCK"), of WRC Media from EAC IV L.L.C. at a purchase price of $18.60065 per share in cash. If Executive purchases any such shares, Executive will enter into a shareholder agreement among WRC Media, EAC III L.L.C. and certain other executives of the Company and its affiliates in the form previously agreed to by such parties. If Executive so elects, up to one half of Executive's purchase of WRC Media Common Stock may be financed with a personal loan guaranteed by the Company on commercially reasonable terms. The Company shall make reasonable efforts to arrange and guarantee such loan.

Equity Investment. From the date of the Closing to December 15, 1999, Executive may elect to purchase up to $10,000 150,000 of Common Stock, par value $0.01 per share ("WRC MEDIA COMMON STOCK"), of WRC Media from EAC IV L.L.C. at a purchase price of $18.60065 per share in cash. If Executive purchases any such shares, Executive will enter into a shareholder agreement among WRC Media, EAC III L.L.C. and certain other executives of the Company and its affiliates in the form previously agreed to by such parties. If Executive so elects, up to one half of Executive's purchase of WRC Media Common Stock may be financed with a personal loan guaranteed by the Company on commercially reasonable terms. The Company shall make reasonable efforts to arrange and guarantee such loan.

Equity Investment. From the date of the Closing to December 15, 1999, Executive may elect to purchase up to $10,000 40,000 of Common Stock, par value $0.01 per share ("WRC MEDIA COMMON STOCK"), of WRC Media from EAC IV L.L.C. at a purchase price of $18.60065 per share in cash. If Executive purchases any such shares, Executive will enter into a shareholder agreement among WRC Media, EAC III L.L.C. and certain other executives of the Company and its affiliates in the form previously agreed to by such parties. If Executive so elects, up to one half of Executive's purchase of WRC Media Common Stock may be financed with a personal loan guaranteed by the Company on commercially reasonable terms. The Company shall make reasonable efforts to arrange and guarantee such loan.