JLL PARTNERS FUND V, L.P. 450 Lexington Avenue New York, New York 10017 June 6, 2006Letter of Inducement • July 10th, 2006 • Ace Cash Express Inc/Tx • Functions related to depository banking, nec
This letter is being delivered by JLL Partners Fund V, L.P., a Delaware limited partnership (“JLL”), for the benefit of ACE Cash Express, Inc., a Texas corporation (the “Company”), in connection and contemporaneously with that certain Agreement and Plan of Merger (the “Agreement”), dated as of the date hereof, by and among the Company, Ace Holdings I, LLC, a Delaware limited liability company (“Purchaser”), and Ranger Merger Sub, Inc., a Texas corporation, whereby Purchaser will acquire the Company on the terms and subject to the conditions set forth therein.
