Common use of Invention, Non-Disclosure, Non-Competition and Non-Solicitation Obligations Clause in Contracts

Invention, Non-Disclosure, Non-Competition and Non-Solicitation Obligations. You acknowledge and reaffirm your obligation to keep confidential and not to disclose any and all non-public information concerning the Company which you acquired during the course of your employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects and financial condition, as is stated more fully in the Invention, Non-Disclosure, Non-Competition and Non-Solicitation Agreement you executed on September 9, 2005. In response to your concerns regarding the non-competition provisions of the agreement, the Company will not consider it a violation of the non-competition provisions of the Agreement for you to accept a position by or consulting for a financial services company that does not specifically offer student loans provided that you do not violate any other provisions of the Agreement. Where a financial services company has multiple lines of business including the provision of student loans, the Company will not consider it a violation of the Agreement for you to accept a position with or enter into a consulting relationship relating solely to a line of business that does not engage in the provision of student loans provided that you do not violate any other provisions of the Agreement. While the Company has no interest in unnecessarily limiting your future opportunities, it believes that any employment or consulting relationship for a student loans business (whether public or private) would inevitably require you to disclose information the Company considers confidential.

Invention, Non-Disclosure, Non-Competition and Non-Solicitation Obligations. You acknowledge and reaffirm your obligation to keep confidential and not to disclose any and all non-public information concerning the Company which you acquired during the course of your employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects and financial condition, as is stated more fully in the Invention, Non-Disclosure, Non-Competition and Non-Solicitation Agreement you executed on September 9October 14, 2005. In response to your concerns regarding the non-competition provisions of the agreement, the Company will not consider it a violation of the non-competition provisions of the Agreement for you to accept a position by or consulting for a financial services company that does not specifically offer student loans provided that you do not violate any other provisions of the Agreement. Where a financial services company has multiple lines of business including the provision of student loans, the Company will not consider it a violation of the Agreement for you to accept a position with or enter into a consulting relationship relating solely to a line of business that does not engage in the provision of student loans provided that you do not violate any other provisions of the Agreement. While the Company has no interest in unnecessarily limiting your future opportunities, it believes that any employment or consulting relationship for a student loans business (whether public or private) would inevitably require you to disclose information the Company considers confidential.

Invention, Non-Disclosure, Non-Competition and Non-Solicitation Obligations. You acknowledge and reaffirm your obligation to keep confidential and not to disclose any and all non-public information concerning the Company which you acquired during the course of your employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects and financial condition, as is stated more fully in the Invention, Non-Disclosure, Non-Competition and Non-Solicitation Agreement you executed on September 9December 14, 20052006. In response to your concerns regarding the non-competition provisions of the agreement, the Company will not consider it a violation of the non-competition provisions of the Agreement for you to accept a position by or consulting for a financial services company that does not specifically offer student loans provided that you do not violate any other provisions of the Agreement. Where a financial services company has multiple lines of business including the provision of student loans, the Company will not consider it a violation of the Agreement for you to accept a position with or enter into a consulting relationship relating solely to a line of business that does not engage in the provision of student loans provided that you do not violate any other provisions of the Agreement. While the Company has no interest in unnecessarily limiting your future opportunities, it believes that any employment or consulting relationship for a student loans business (whether public or private) would inevitably require you to disclose information the Company considers confidential. Your acknowledgment and reaffirmation of such agreement is part of the consideration for the benefits to be provided pursuant to this letter agreement. Your acknowledgment and reaffirmation of such agreement is part of the consideration for the benefits to be provided pursuant to this letter agreement.

Invention, Non-Disclosure, Non-Competition and Non-Solicitation Obligations. You acknowledge and reaffirm your obligation to keep confidential and not to disclose any and all non-public information concerning the Company which you acquired during the course of your employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects and financial condition, as is stated more fully in the Invention, Non-Disclosure, Non-Competition and Non-Solicitation Agreement you executed on September 98, 2005. In response to your concerns regarding the non-competition provisions of the agreement, the Company will not consider it a violation of the non-competition provisions of the Agreement for you to accept a position by or consulting for a financial services company that does not specifically offer student loans provided that you do not violate any other provisions of the Agreement. Where a financial services company has multiple lines of business including the provision of student loans, the Company will not consider it a violation of the Agreement for you to accept a position with or enter into a consulting relationship relating solely to a line of business that does not engage in the provision of student loans provided that you do not violate any other provisions of the Agreement. While the Company has no interest in unnecessarily limiting your future opportunities, it believes that any employment or consulting relationship for a student loans business (whether public or private) would inevitably require you to disclose information the Company considers confidential. Your acknowledgment and reaffirmation of such agreement is part of the consideration for the benefits to be provided pursuant to this letter agreement.

Invention, Non-Disclosure, Non-Competition and Non-Solicitation Obligations. You acknowledge and reaffirm your obligation to keep confidential and not to disclose any and all non-public information concerning the Company which you acquired during the course of your employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects and financial condition, as is stated more fully in the Invention, Non-Disclosure, Non-Competition and Non-Solicitation Agreement you executed on September 9August 18, 20052005 (the “Agreement”). In response to your concerns regarding the non-competition provisions of the agreementAgreement, the Company will not consider it a violation of the non-competition provisions of the Agreement for you to accept a position by or consulting for a financial services company that does not specifically offer student loans provided that you do not violate any other provisions of the Agreement. Where a financial services company has multiple lines of business including the provision of student loans, the Company will not consider it a violation of the Agreement for you to accept a position with or enter into a consulting relationship relating solely to a line of business that does not engage in the provision of student loans provided that you do not violate any other provisions of the Agreement. While the Company has no interest in unnecessarily limiting your future opportunities, it believes that any employment or consulting relationship for a financial services company wherein you provide services related directly to the student loans loan business (whether public or private) would inevitably require you to disclose information the Company considers confidential. Without waiving any right to assert a claim of inevitable disclosure, the Company acknowledges that you do not necessarily agree that any such employment or consulting relationship would inevitably require you to disclose such information.