Varsity Group Inc Watch

from 8-K ~10 pages Between Varsity Group Inc. And

from 8-K ~10 pages Between Varsity Group Inc. And

from 8-K 1 page Eric J. Kuhn Chairman of the Board of Directors Varsity Group Inc. Re: Amendment to Employment Agreement

from 8-K 1 page July 26, 2007 James M. Craig Chief Financial Officer Interim President and Chief Executive Officer Varsity Group Inc. Re: Second Amendment to Employment Agreement Dear Jim: The Letter Agreement (This "Agreement") Shall Serve as the Second Amendment to Your Employment Agreement Dated May 16, 2006 With Varsity Group Inc. (Your "Employment Agreement"). Defined Term Shall Have the Same Meanings Provided for in the Employment Agreement. Effective as of the Date Hereof, You Have Agreed to Serve as Chief Executive Officer of the Company Reporting Directly to the Board of Directors of the Company. Your Current Salary Shall Increase From Two Hundred Twenty Five Thousand Dollars ($225,000) to Two Hundred Fifty Thousand Dollars ($250,000) Retroactive to July 1, 2007

from 8-K 2 pages November 21, 2006 James M. Craig Chief Financial Officer Varsity Group Inc. Re: Amendment to Employment Agreement Dear Jim: This Letter Agreement (This “Agreement”) Shall Serve as an Amendment to Your Employment Agreement Dated May 16 , 2006 With Varsity Group Inc. (Your “Employment Agreement”). Defined Terms Shall Have the Same Meanings Provided for in the Employment Agreement

from 8-K 8 pages Employment Offer

from 8-K 9 pages Separation Agreement

from 8-K ~5 pages Separation Agreement

from 10-K 9 pages Varsity Group Inc. Second Amended and Restated 1998 Stock Option Plan

from 8-K 1 page Eric J. Kuhn President and Chief Executive Officer Varsity Group Inc. Re: Amendment to Employment Agreement

from 8-K ~5 pages Restricted Stock Agreement

from 8-K 1 page On Behalf of the Board of Directors of Varsity Group Inc. (The "Company"), I Am Pleased to Offer You the Position of President and Chief Executive Officer. Speaking for Myself, as Well as the Other Members of the Company's Board, We Are All Extremely Impressed With Your Credentials and We Look Forward to Your Future Success in This Position. the Terms of Your New Position With the Company Are as Set Forth Below: 1. Position. Compensation

from 10-Q 27 pages Material contract

from 10-Q 10 pages 4. Y-Key Titles. the Second Sentence of Section 6 Is Amended in Part to Read, “For Y-Key Sales, B&T Fulfillment Will Issue Varsity a Rebate on Any Amsco, Fireside, Lawrenceville Press and Center for Learning Y-Key Units Sold for Which B&T Fulfillment Receives No Discount From the Publisher or for Which B&T Fulfillment Must Prepay, Less Varsity Customer Returns, as Follows: . . .”

from 10-Q 20 pages Material contract

from 8-K ~5 pages Agreement

from 10-K 4 pages Share Purchase Agreement

from 8-K 1 page Share Purchase Agreement

from 10-K 4 pages Share Purchase Agreement

from 10-K 4 pages Share Purchase Agreement