Free Answering Brief in Opposition - District Court of Delaware - Delaware

Case 1:04-cv-01551-JJF Document 379-5 Filed 10/05/2007 Page1 of 2
EXHIBIT 25 »

Case 1:04-cv-01551-JJF Document 379-5 Filed 10/05/2007 Page 2 of 2
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_ Gagnel Roderick ·
i From: AndrewN¥a¤@¤ei.oom ` .
Sant: Tuesday, Apsll 2:1,2002 ·!2:25 PM . . z
_ To: [email protected] =
$1:h}¢=:ct: SFC Risk Factors V , ‘ ‘ g
. V Rod, ' I
I mow that: these are troubling times for you as well. 1 have been very `;* ;
- 3.mp::·easec1, and :r:eaaaux~eE¤‘, by your steady hand, -2m.d continued guidance.
. Please be assured, in xetum, 'that I will ptctact your £am:LJ.y*a investment: :21: l =
sac, uotwiuhetanciing any adverse outcome that may xeeufuz, eheum Royal make ' ‘
- an uzoecoaomic decision with respect to om: zraoovezy and repurchase proposal. . {
I The SFCIFCS JV cash flows are strong and they are independant of Royal., the · :_
· SPC! business model is strong and it: is independant o Royal, and fzhe
prospects of Premier Education Gxéup continue to` pxogxeas eachasaoxeipexily and · EI`
— · ’ . it is independent oi Royal, =_
V Please know that I aways will reciprocate you- good will. x wi.11 not abandon ·‘i
· those who do not abandon ue. ‘
. I trust that you will have e productive conversation vrith Gil. Thank you. '
Pmdmaw ,
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