Document:

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Exhibit 10.2

ZIPREALTY, INC.

STOCK OPTION AWARD AGREEMENT

I.   NOTICE OF STOCK OPTION GRANT

     Name: Richard F. Sommer (the “Optionee”)

     Address: ________________

     You have been granted a nonstatutory stock option (the “Option”) to purchase Common Stock of
ZipRealty, Inc. (the “Company”), subject to the terms and conditions of this Stock Option Award
Agreement (the “Agreement”), as described below:

	 	 	 	 
	Grant Number
	 	 	 
	 
	 	 	 
	Date of Grant

	 	September 6, 2006

	 
	 	 	 
	Vesting Commencement Date

	 	September 6, 2006

	 
	 	 	 
	Exercise Price per Share

	 	$	 
	 
	 	 	 
	Total Number of Shares Granted

	 	1,250,000	 
	 
	 	 	 
	Total Exercise Price

	 	$	 
	 
	 	 	 
	Term/Expiration Date:

	 	September 6, 2016

     Vesting Schedule:

     Subject to accelerated vesting as set forth below, this Option shall vest and become
exercisable, in whole or in part, in accordance with the following schedule:

     25% of the shares of Common Stock (the “Shares”) subject to the Option will vest and become
exercisable on the first anniversary of the Vesting Commencement Date, and 1/48 of the Shares
subject to the Option will vest and become exercisable on the first day of each month
thereafter, subject to Optionee’s continuing to be a Service Provider as defined in the Company’s
2004 Equity Incentive Plan (the “Plan”) through such dates.

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     The Option is subject to additional vesting acceleration as set forth in Sections II.D. and
II.E. of the Agreement.

     Termination Period:

     This Option shall be exercisable as to shares vested on the date that Optionee ceases to be a
Service Provider for twelve (12) months after that date, unless such termination is for Cause (as
defined in Optionee’s offer letter with the Company dated August 24, 2006 (the “Letter”)), in which
case this Option shall cease to be exercisable (including as to vested Shares) as of the date of
such service termination. The Option shall cease to be exercisable as to unvested shares
immediately upon the date that Optionee ceases to be a Service Provider. Notwithstanding the
foregoing, in no event may this Option be exercised (even as to vested shares) after the earlier of
the Term/Expiration Date as provided above or the date on which the Option terminates under Section
II.D. of the Agreement.

     By your signature and the signature of the Company’s representative below, you and the Company
agree that this Option is granted under and governed by the terms and conditions of the Letter (but
only to the extent specifically set forth herein) and the Agreement, including this Notice of
Grant, all as set forth herein.

	 	 	 
	OPTIONEE:

	 	ZIPREALTY, INC.
	 
	 	 
	 

	 	 
	 	 	 
	Signature

	 	By
	 
	 	 
	 

	 	 
	 	 	 
	Print Name

	 	Title

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II.   AGREEMENT

     A. Grant of Option. 

     The Administrator hereby grants to Optionee named in the Notice of Stock Option Grant (the
“Notice”) attached as Part I of this Agreement the Option to purchase the number of Shares, as set
forth in the Notice, at the exercise price per Share set forth in the Notice (the “Exercise
Price”). To the extent an issue, definition or interpretive principle is not specifically
addressed in the Letter or this Agreement, it shall be governed in the manner set forth in the Plan
as if this Option were granted under the Plan; provided that to the extent an issue, definition or
interpretive principle is specifically addressed herein, this Agreement shall govern. The
Company’s Board of Directors and/or its Compensation Committee shall be the Administrator of this
Option and its good faith determinations with regard to this Option, the Notice, and this Agreement
shall be final and binding on all parties.

     B. Exercise of Option.

     (a) Right to Exercise. This Option is exercisable during its term with respect to
vested Shares in accordance with the Vesting Schedule set out in the Notice and the applicable
provisions of this Agreement. No Shares will be issued, and the Company will have no liability for
the failure to issue Shares, pursuant to the exercise of this Option unless such issuance and
exercise comply with all Applicable Laws, as provided in Sections 19 and 20 of the Plan; provided
however that the Company acknowledges its obligations to file a Form S-8 to register the issuance
of the Shares as set forth in Section 4.a. of the Letter. Assuming such compliance, for income tax
purposes the Exercised Shares will be considered transferred to Optionee on the date the Option is
exercised with respect to such Exercised Shares.

     (b) Method of Exercise. This Option is exercisable through E*Trade Financial by
contacting E*Trade Financial online at www.etrade.com or by phone at 1-800-838-0908, and following
E*Trade Financial’s procedures as well as through any other means that may be designated by the
Company from time to time (such applicable notice procedure is referred to as the “Exercise
Notice”). The Exercise Notice will be delivered as so specified and accompanied by payment of the
aggregate Exercise Price in a manner consistent with Section II.C. below, as to all vested Shares
in respect of which the Option is being exercised (the “Exercised Shares”) together with any
applicable withholding taxes. This Option will be deemed to be exercised upon receipt by the
Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price and
applicable withholding taxes.

     C. Method of Payment.

     Payment of the aggregate Exercise Price will be by any of the following, or a combination
thereof, at the election of Optionee:

     1. cash, check or wire transfer;

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     2. consideration received by the Company under a cashless, brokered exercise program permitted
by the Company in connection with its stock option programs; or

     3. surrender of vested Shares of Common Stock (or by attestation) which have been owned by you
and not subject to substantial risk of forfeiture for a reasonable period of time as may be
necessary to avoid liability accounting treatment and having an aggregate Fair Market Value on the
date of surrender equal to the aggregate Exercise Price of the Exercised Shares.

     D. Change of Control; Liquidation or Dissolution

     This Section II.D. shall govern the Option and the terms of Section 13(b) and (c) of the Plan
shall not apply.

     In the event of a Change of Control (as defined in the Letter), this Option will be assumed or
an equivalent option or right substituted by the successor entity or a Parent or Subsidiary of the
successor entity; provided that if the Option is terminating because the successor entity or its
Parent or Subsidiary refuses to assume or substitute an equivalent option or right for this Option,
this Option will fully vest and be exercisable effective as of immediately prior to the date on
which the Option is terminating in connection with the Change of Control. To the extent that the
Option is terminating as provided in the preceding sentence and to the extent Optionee is at such
time no longer an officer or director of the Company, the Company shall provide Optionee written
notice of the fact of such termination at least 10 days prior thereto.

     For purposes of this Section II.D., the Option will be considered assumed if, following the
Change of Control, the Option confers the right to purchase or receive, for each Share subject to
the Option immediately prior to the Change of Control, the consideration (whether stock, cash, or
other securities or property) received in the merger or Change of Control by holders of Common
Stock for each Share held on the effective date of the transaction (and if holders were offered a
choice of consideration, the type of consideration chosen by the holders of a majority of the
outstanding Shares); provided, however, that if such consideration received in the Change of
Control is not solely common stock of the successor corporation or its Parent, the Administrator
may, with the consent of the successor corporation, provide for the consideration to be received
upon the exercise of this Option for each Share subject to this Option to be solely common stock of
the successor corporation or its Parent equal in fair market value to the per share consideration
received by holders of Common Stock in the Change of Control.

     In the event (i) you experience an Involuntary Termination (as defined in the Letter) in
connection with a Change of Control (the Involuntary Termination shall be deemed to be in
connection with a Change of Control if the Involuntary Termination occurs within 30 days prior to
the Change of Control or is required by the merger agreement or other instrument relating to such
Change of Control or is made at the express request of the other party to the transaction
constituting such Change of Control) or within eighteen (18) months following a Change of Control
of the Company, or (ii) the Option is terminating in connection with a liquidation or dissolution
of the Company, you will immediately vest in and have the right to exercise the Option for 100% of
the shares subject to the Option effective as of immediately prior to the

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effective date of your Involuntary Termination or the date on which the Option is terminating
in connection with the liquidation or dissolution, as applicable.

     E. Involuntary Termination.

     In the event of an Involuntary Termination not covered by Section II.D. of this Agreement
(meaning, an Involuntary Termination that is prior to and not in connection with a Change of
Control or occurs after eighteen (18) months following a Change of Control), Optionee will be
entitled to additional vesting of the Option effective as of Optionee’s Termination Date (as
defined in the Letter) such that Optionee will be treated as vested in and able to exercise a
number of Shares equal to 12.5% of the total number of Shares in addition to the number of Shares
in which Optionee would otherwise be vested in on the date of Optionee’s Involuntary Termination
(but in no event a number greater than 100% of the total number of Shares).

     F. Non-Transferability of Option.

     This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The
terms of this Agreement will be binding upon the executors, administrators, heirs, successors and
assigns of Optionee.

     G. Term of Option.

     This Option may be exercised only within the term set out in the Notice (subject to earlier
termination of such term as set forth in this Agreement), and may be exercised during such term
only in accordance with the terms of this Agreement.

     H. Adjustments.

     This Section II.H. shall govern the Option and the terms of Section 13(a) of the Plan shall
not apply.

     In the event that any dividend or other distribution (whether in the form of cash, Shares,
other securities, or other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of
Shares or other securities of the Company, or other change in the corporate structure of the
Company affecting the Shares (not including a Change of Control) occurs, the Administrator, in
order to prevent diminution or enlargement of the benefits or potential benefits intended to be
made available under this Agreement, shall proportionately adjust the number and class of Shares
that may be delivered under this Agreement and the per Share Exercise Price applicable hereto. The
Administrator’s determinations with regard to any such adjustment shall be final and binding on all
parties.

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     I. Tax Obligations. 

     By Optionee’s acceptance: Optionee agrees to make appropriate arrangements with the Company
(or the Parent or Subsidiary employing or retaining Optionee) for the satisfaction of all
applicable federal, state, and local income and employment tax withholding requirements applicable
to the Option, including upon exercise thereof. Optionee acknowledges and agrees that the Company
may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not
satisfied in a manner permitted hereunder at the time of exercise.

     Optionee may satisfy such tax withholding obligation, in whole or in part by any one or more
of the following or any combination of the following: (a) paying cash to the Company (including
through the Company’s withholding on or in advance of the exercise date from cash compensation
amounts otherwise owed to you), (b) electing to have the Company withhold Shares otherwise
deliverable upon exercise of the Option which Shares have an aggregate Fair Market Value that does
not exceed the minimum required statutory withholding amount, (c) delivering (or attesting) to the
Company other Shares which have been owned by Optionee and not subject to substantial risk of
forfeiture for a reasonable period of time as may be necessary to avoid liability accounting
treatment and that have an aggregate Fair Market Value that does not exceed the minimum required
statutory withholding amount or (d) pursuant to a cashless exercise program. The Fair Market Value
of the Shares to be withheld or delivered will be determined as of the date that the taxes are
required to be withheld in a manner consistent with the Administrator’s determination of Fair
Market Value with respect to options granted under the Plan.

     In addition, Optionee agrees that he is responsible for any applicable taxes of any nature
(including any penalties or interest that may apply to such taxes) that the Company reasonably
determines apply with respect to the Option.

     J. Entire Agreement; Governing Law.

     The Option is governed under the rules and in the manner specified in the Notice and in this
Agreement, which, along with the Letter (but only to the extent specifically set forth herein),
constitutes the entire agreement between the parties with respect thereto and, except as
specifically set forth herein, supersedes in its entirety all prior undertakings and agreements of
the Company and Optionee with respect to the subject matter hereof. The Notice and this Agreement
are governed by the internal substantive laws, but not the choice of law rules, of Delaware.

     K. NO GUARANTEE OF CONTINUED SERVICE.

     BY OPTIONEE’S ACCEPTANCE: OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES
PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE, CONSULTANT OR
NON-EMPLOYEE DIRECTOR AT THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING
GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT
THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN
DO NOT CONSTITUTE AN EXPRESS OR

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IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE, CONSULTANT OR NON-EMPLOYEE DIRECTOR FOR THE
VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE WITH OPTIONEE’S RIGHT OR THE
COMPANY’S RIGHT TO TERMINATE OPTIONEE’S RELATIONSHIP AS AN EMPLOYEE, CONSULTANT OR NON-EMPLOYEE
DIRECTOR AT ANY TIME, WITH OR WITHOUT CAUSE SUBJECT TO THE LETTER.

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Exhibit
10.1

RESTRICTED STOCK AGREEMENT

(Control Transaction Agreement)

     This Restricted Stock Agreement (“Agreement”) dated to be effective as of August 28,
2006 (the “Effective Date”), is by and between Ace Cash Express, Inc., a Texas corporation
(the “Company”), and Jay B. Shipowitz (“Grantee”).

     WHEREAS, the Company and Grantee (the “Parties”) have entered into an amended and
Restated Executive Employment Agreement dated as of January 23, 2006 (the “Employment
Agreement”) that sets forth the terms of Grantee’s employment with the Company;

     WHEREAS, the Employment Agreement provides that (i) each time during the term of the
Employment Agreement that a Trading Price Threshold (as defined in the Employment Agreement) is
first satisfied, the Company will enter into a Restricted Stock Agreement under which the Company
will issue and sell to Grantee, if Grantee desires, for $0.01 per share certain prescribed shares
of the Company’s common stock and (ii) upon the Company’s entering into a binding written agreement
to effect a transaction that, when consummated, would be a “Change of Control” as defined in
Exhibit “A” hereto (a “Control Transaction Agreement”), an additional (i.e., the
next) Trading Price Threshold shall be deemed to have been satisfied; and

     WHEREAS, on June 6, 2006, the Company, ACE Holdings I, LLC and Ranger Merger Sub, Inc. entered
into an Agreement and Plan of Merger (the “JLL Merger Agreement”), which constitutes a
Control Transaction Agreement and therefore, in accordance with the Employment Agreement, Grantee
is entitled to, and he so desires, a grant of 26,000 shares pursuant to this Agreement, all in
accordance with the terms of the Employment Agreement;

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this
Agreement, and intending to be legally bound hereby, Grantee and the Company (collectively, the
“Parties”) hereby agree as follows:

     1. Issuance of Restricted Stock. The Company hereby agrees to issue to Grantee, and
Grantee hereby agrees to purchase, 26,000 shares (the “Restricted Shares”) of Common Stock,
at a purchase price of $0.01 per share (the “Purchase Price Per Share”), in accordance with
this Agreement and as a Restricted Stock Award subject to the terms and conditions of the Ace Cash
Express, Inc. 1997 Stock Incentive Plan (the “Plan”), which are incorporated herein, as an
incentive for Grantee’s continued efforts on behalf of the Company as one of its key employees.
This Agreement is a Restricted Stock Agreement under the Plan, and unless otherwise defined in this
Agreement, the capitalized terms used in this Agreement have the respective meanings assigned to
them in the Plan. The total purchase price for the Restricted Shares shall be paid by Grantee’s
delivery to the Company, at the time of execution of this Agreement, of cash or a check or any
combination thereof.

     2. Forfeiture and Repurchase. Upon any Forfeiture Cessation (as defined below) of
Grantee’s employment, the Company shall have, on the date that Grantee’s employment ceases

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or terminates (the “Termination Date”), an irrevocable, exclusive option (the
“Forfeiture Repurchase Option”), for a period of ninety (90) days from the Termination Date
(the “Forfeiture Repurchase Period”), to repurchase up to all of the Unvested Restricted
Shares (as defined below) at the original Purchase Price Per Share (the “Repurchase
Price”). The “Forfeiture Cessation” of Grantee’s employment with the Company is any
cessation or termination of Grantee’s employment under the Employment Agreement other than a
Vesting Cessation; and a “Vesting Cessation” is the cessation or termination of Grantee’s
employment under the Employment Agreement (i) by the Company as a termination without Cause or
because of Grantee’s Disability, in each case as defined in and under the terms of the Employment
Agreement, or (ii) because of Executive’s death. “Unvested Restricted Shares” are the
Restricted Shares that are subject to Forfeiture Restrictions (i.e., Restricted Shares that have
not been released from the Forfeiture Repurchase Option). In addition, if Grantee breaches any of
the terms and conditions of this Agreement or the Plan, or any rules and regulations of the
Committee for this Agreement or the Plan, the Company shall have a Forfeiture Repurchase Option to
the same extent as if there had been a Forfeiture Cessation, except that, for this purpose, the
“Termination Date” shall be the date of such breach, and the “Forfeiture Repurchase
Period” shall be a period of ninety (90) days from the date of the Committee’s discovery of
such breach. In addition, if the Change of Control contemplated by the Control Transaction
Agreement (as originally entered into or as may be amended or supplemented) does not occur within
one year after the Effective Date, the Company shall have a Forfeiture Repurchase Option to the
same extent as if there had been a Forfeiture Cessation, except that, for this purpose, the
“Termination Date” shall be the date that is the final day of such one year period, and the
“Forfeiture Repurchase Period” shall be a period of ninety (90) days from such final day of
such one year period. The Forfeiture Repurchase Option shall be exercisable by written notice
delivered to Grantee before the expiration of the Forfeiture Repurchase Period. The notice shall
indicate the number of the Unvested Restricted Shares to be repurchased and the date on which the
repurchase is to be effected, such date to be not later than fifteen (15) days after the expiration
of the Forfeiture Repurchase Period. On the date of the repurchase, the Company and/or its
assignee(s) shall pay to Grantee, at the Company’s and/or each assignee’s option, in cash, by check
of the Company and/or such assignee, by cancellation of all or a portion of any indebtedness of
Grantee to the Company or such assignee, or a combination of the foregoing, an amount equal to the
Repurchase Price for each of the Unvested Restricted Shares that is to be repurchased from Grantee.
Upon such payment to Grantee or deposit of such amount into escrow for the benefit of Grantee, the
Company and/or its assignee(s) shall become the legal and beneficial owner of the Unvested
Restricted Shares being repurchased and all rights and interests therein or related thereto, and
the Company shall have the right to transfer to its own name or to the names of its assignee(s) the
Unvested Restricted Shares being forfeited and repurchased without any further action of Grantee.
The Company may designate and assign one or more other persons or entities (including any
affiliates of the Company) to exercise all or any part of the Forfeiture Repurchase Option.
Grantee, by his acceptance of the Restricted Stock Award granted under this Agreement, irrevocably
grants to the Company a power of attorney to transfer any and all Unvested Restricted Shares that
are forfeited and agrees to execute any documents requested by the Company in connection with such
forfeiture and transfer. Grantee shall have no further right to or interest in any Unvested
Restricted Shares that are so forfeited and transferred. The Parties expressly agree that these
provisions governing the forfeiture and repurchase of the

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Unvested Restricted Shares shall be specifically enforceable by the Company in a court of
equity or law.

     3. Lapse of Forfeiture Restrictions. Upon the termination or lapse of Forfeiture
Restrictions regarding any or all of the Restricted Shares (those Restricted Shares no longer
subject to Forfeiture Restrictions being “Vested Restricted Shares”) and upon the
satisfaction of the Withholding Liability (as defined below) corresponding to the Vested Restricted
Shares in accordance with Section 13(a), one or more stock certificates representing the Vested
Restricted Shares, free of Forfeiture Restrictions, shall be delivered to Grantee at Grantee’s
request in accordance with this Agreement. The Forfeiture Restrictions shall terminate or lapse,
and all of the Unvested Restricted Shares shall become Vested Restricted Shares, if there has been
no Forfeiture Cessation and no breach by Grantee as described in Section 2 before the date of
vesting, upon the occurrence of the Change of Control contemplated by the JLL Merger Agreement (as
originally entered into or as may be amended or supplemented).

In addition, (i) all of the Unvested Restricted Shares shall become Vested Restricted Shares upon
(A) a Change of Control, or (B) a Vesting Cessation, subject to the terms of the Employment
Agreement, and (ii) any or all of the Unvested Restricted Shares shall become Vested Restricted
Shares upon a decision by the Committee, in its sole discretion and as of a date determined by the
Committee, to vest those Unvested Restricted Shares. As permitted by clause (ii) of the second
paragraph of Section 14 of the Plan, the immediately preceding clause (i)(A) of this Section 3 is a
partial exception to the general rule stated in that clause (ii) of the second paragraph of Section
14 of the Plan. The immediately preceding clause (i)(A) of this Section 3 refers to the only
events, of the various events described at the beginning of the second paragraph of Section 14 of
the Plan, in which the Forfeiture Restrictions shall terminate or lapse, unless the Committee
otherwise decides.

     4. Representations of Grantee. Grantee represents and warrants to the Company as
follows:

     (a) Grantee has received a copy of the Plan and has read and become familiar with the terms
and conditions of the Plan and agrees to be bound, and to abide, by the Plan.

     (b) Grantee has reviewed this Agreement, has had an opportunity to obtain the advice of
counsel before executing this Agreement, and fully understands all of the terms and conditions of
this Agreement and the Plan.

     (c) Grantee hereby accepts the Restricted Stock Award granted by this Agreement subject to all
of the terms and conditions of this Agreement and the Plan.

     (d) Grantee is fully aware of the lack of liquidity of the Restricted Shares — e.g., because
of the restrictions on transferability of the Restricted Shares held by the Escrow Holder (as
defined below), Grantee may not be able to sell or dispose of the Restricted Shares or use them as
collateral for loans.

     5. Certain Restrictions on Transfer. Except as provided in Section 2, Grantee may not
sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of (whether voluntarily, by

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operation of law, or otherwise) any or all of the Unvested Restricted Shares, or any rights
thereto or interests therein, or any or all of the Vested Restricted Shares held by the Escrow
Holder, or any rights thereto or interests therein. Any transfer in violation of this Section 5
shall be void and without any force or effect and shall constitute a breach of the terms and
conditions of this Agreement and the Plan. Grantee also understands that the Company is under no
obligation to register, under any applicable securities laws, any resale of any of the Restricted
Shares that become Vested Restricted Shares delivered to Grantee and that an exemption from such
registration requirements may not be available or may not permit Grantee to resell or transfer any
of such Vested Restricted Shares in the amounts or at the times proposed by Grantee.

     6. Dividend and Voting Rights. Subject to this Agreement, Grantee shall have all of
the rights of a shareholder with respect to the Restricted Shares, including the Unvested
Restricted Shares while they are held in escrow, including the right to vote the Restricted Shares
and to receive any and all dividends and other distributions made with respect to the Restricted
Shares. Without limiting the preceding sentence, Grantee shall be entitled to receive any cash
dividends or other cash distributions paid or made by the Company with respect to the Unvested
Restricted Shares, without deposit into escrow, and any other distributions of property with
respect to the Unvested Restricted Shares shall be deposited into escrow in accordance with Section
8(b). Upon any forfeiture of Unvested Restricted Shares, Grantee shall have no further rights with
respect to those Unvested Restricted Shares, but the forfeiture of Unvested Restricted Shares shall
not invalidate any votes or consents made or executed by Grantee with respect to those Unvested
Restricted Shares before their forfeiture or create any obligation to repay any cash dividend or
other cash distribution received with respect to those Unvested Restricted Shares before their
forfeiture.

     7. Escrow of Restricted Shares.

     (a) To ensure the availability for delivery of Unvested Restricted Shares upon forfeiture and
repurchase in accordance with Section 2 and to ensure satisfaction of the Withholding Liability
regarding Vested Restricted Shares in accordance with Section 13(a), Grantee shall, upon execution
of this Agreement, deliver and deposit with an escrow holder designated by the Company (the
“Escrow Holder”) the share certificate(s) representing the Unvested Restricted Shares,
together with corresponding stock assignment(s), in the form attached hereto as Exhibit B,
duly endorsed in blank. The Unvested Restricted Shares and stock assignment(s) shall be held by
the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Grantee attached
hereto as Exhibit C, until either (i) those Unvested Restricted Shares are forfeited and
repurchased in accordance with Section 2 or (ii) the Forfeiture Restrictions terminate or lapse
regarding those Unvested Restricted Shares, which thereby become Vested Restricted Shares, and the
Withholding Liability regarding those Vested Restricted Shares is satisfied.

     (b) The Escrow Holder shall not be liable for any act that he or she may do or omit to do with
respect to holding the Restricted Shares and/or any other property in escrow while acting in good
faith and in the exercise of his or her judgment.

     (c) Upon the forfeiture and repurchase of all or any of the Unvested Restricted Shares by the
Company in accordance with Section 2, the Escrow Holder, upon receipt of written notice

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from the Company, shall take all steps necessary to accomplish the transfer of those Unvested
Restricted Shares to the Company and/or its assignee(s).

     (d) Upon the termination or lapse of the Forfeiture Restrictions regarding all or any of the
Unvested Restricted Shares and upon the Company’s acknowledgment that the corresponding Withholding
Liability is satisfied, the Escrow Holder shall promptly deliver to Grantee the certificate(s)
representing those Vested Restricted Shares.

     8. Capital Adjustments and Distributions.

     (a) The number of the Restricted Shares and the Repurchase Price of each of the Unvested
Restricted Shares shall be adjusted in accordance with the provisions of the first paragraph of
Section 14 of the Plan.

     (b) Any new, substituted, or additional securities or other property (including any money paid
other than as a regular cash dividend) that is, by reason of any stock dividend, stock split,
recapitalization, or other change in the outstanding Common Stock, distributed on or with respect
to, or exchanged for, (i) the Unvested Restricted Shares shall immediately be subject to the
Forfeiture Restrictions, the forfeiture and repurchase provisions of Section 2, and the escrow
requirement of Section 7, all to the same extent as the Unvested Restricted Shares on or with
respect to which such distribution or exchange was made, and (ii) the Vested Restricted Shares that
are held by the Escrow Holder shall immediately be subject to the escrow requirement of Section 7,
to the same extent as the Vested Restricted Shares on or with respect to which such distribution
or exchange was made. Appropriate adjustments, as determined by the Committee, to reflect the
distribution or exchange of such securities or other property shall be made to the number of the
Restricted Shares and to the Repurchase Price of each of the Unvested Restricted Shares in order to
reflect any such event; except that the aggregate Repurchase Price for all of the Unvested
Restricted Shares shall remain unchanged.

     9. Administration. The Committee shall interpret this Agreement and shall prescribe
such rules and regulations in connection with the operation of this Agreement as the Committee
determines (in good faith) to be advisable. The Committee may rescind and amend its rules and
regulations from time to time. The good-faith interpretation by the Committee of any of the
provisions of this Agreement shall be final and binding upon the Parties.

     10. Effect of Agreement. Neither the execution or effectiveness of this Agreement nor
any action of the Board or the Committee in connection with or relating to this Agreement shall be
deemed to give Grantee any rights except as may be expressed in this Agreement. The existence of
the Plan and this Agreement shall not affect in any way the right of the Board, the Committee, or
the shareholders of the Company to make or authorize any adjustment, recapitalization,
reorganization, or other change in the Company’s capital structure or its business, any merger or
consolidation or other transaction involving the Company, any issuance of other shares of Common
Stock or any other securities of the Company (including bonds, debentures, or shares of preferred
stock ahead of or affecting the Common Stock or the rights thereof), the dissolution or liquidation
of the Company or any sale or transfer of all or any part of the Company’s assets or business, or
any other corporate act or proceeding by or for the Company. Nothing in the Plan or in this
Agreement shall confer upon Grantee any right with

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respect to the Grantee’s employment with the Company or affect or interfere in any way with
the right of either the Company or Grantee to terminate Grantee’s employment; the Parties
acknowledge and agree that their respective rights and obligations regarding Grantee’s employment
or the termination thereof are governed by the Employment Agreement.

     11. Refusal to Transfer. The Company shall not be required to (i) transfer on its
books, or authorize the Company’s transfer agent to transfer on its books, any Unvested Restricted
Shares, or any Vested Restricted Shares held by the Escrow Holder pending satisfaction of the
corresponding Withholding Liability, purported to have been sold or otherwise transferred in
violation of any of the provisions of the Plan or this Agreement, or (ii) treat as owner of such
Unvested Restricted Shares, or accord the right to vote or to any dividends or other distributions
to, any purchaser or other transferee to whom or which such Unvested Restricted Shares have been
purported to be so transferred.

     12. Legend. If the Company so determines, the share certificate(s) representing the
Unvested Restricted Shares, and any Vested Restricted Shares held by the Escrow Holder pending
satisfaction of the corresponding Withholding Liability, may be endorsed with the following legend,
in addition to any legend required under applicable securities laws:

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO FORFEITURE AND REPURCHASE AND TO CERTAIN
RESTRICTIONS ON RESALE AND TRANSFER. NONE OF THE SHARES MAY BE TRANSFERRED EXCEPT AS SET FORTH IN
THAT CERTAIN RESTRICTED STOCK AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE
SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY.

     13. Tax Matters.

     (a) If the Company becomes obligated to withhold an amount on account of any federal, state,
or local tax imposed because of the grant or sale of the Restricted Shares to Grantee under this
Agreement or the termination or lapse of the Forfeiture Restrictions regarding any of the Unvested
Restricted Shares under this Agreement, including any federal, state, or other income tax, any
FICA, or any disability insurance or employment tax, then Grantee shall pay that amount (the
“Withholding Liability”) to the Company on or promptly after the date of the event that
imposes the obligation to withhold on the Company. Payment of the Withholding Liability to the
Company shall be made in cash, by certified or cashier’s check payable to the Company, or in any
other form acceptable to the Committee. Grantee hereby acknowledges and agrees that the Company
may withhold or offset the Withholding Liability from any compensation or other amounts payable to
Grantee from the Company if Grantee does not pay the Withholding Liability to the Company, and
Grantee agrees that the Company’s withholding and offset of any such amount, and the payment of it
to the relevant taxing authority or authorities, shall constitute full satisfaction of the
Company’s obligation to pay any such compensation or other amounts to Grantee. Further, unless the
Committee otherwise determines, the Company’s obligation to deliver any Vested Restricted Shares,
or any stock certificate or certificates representing Vested Restricted Shares, to Grantee shall be
subject to, and conditioned upon, payment of the Withholding Liability. Accordingly, the Company
shall be entitled to cause the Escrow Holder to continue to hold the stock certificate or
certificates representing any

6

 

Vested Restricted Shares until the Withholding Liability corresponding to those Vested
Restricted Shares has been or is satisfied. The Company shall also be entitled to cause a sale or
sales of Vested Restricted Shares on behalf of Grantee pursuant to which all or a portion of the
proceeds are paid to the Company to satisfy the Withholding Liability and all remaining proceeds
(if any) are delivered to Grantee, and Grantee agrees to take all such action as may be necessary
or appropriate to effect such sales.

     (b) Grantee has reviewed with his own tax advisor(s) the federal, state, and local tax
consequences of this acquisition of the Restricted Shares and the other transactions contemplated
by this Agreement. Grantee is relying solely on such advisor(s) and not on any statements or
representations of the Company or any of its agents. Grantee understands and agrees that he, and
not the Company, shall be responsible for his own tax liability that may arise as a result of the
transactions contemplated by this Agreement. Grantee understands that Section 83 of the Internal
Revenue Code (including any amendments and successor provisions to section and any regulations
promulgated under such section), taxes as ordinary income the difference between the purchase price
for the Restricted Shares and the fair market value of the Restricted Shares as of the date any
restrictions on the Restricted Shares terminate or lapse. In this context, “restriction” includes
the Forfeiture Restrictions and the right of the Company to repurchase Unvested Restricted Shares
pursuant to Section 2. Grantee understands that he may elect to be taxed at the time the
Restricted Shares are granted, rather than when and as the restrictions terminate or lapse (if
ever), by filing an election under Section 83(b) of the Internal Revenue Code with the Internal
Revenue Service within thirty (30) days from the Effective Date. GRANTEE ACKNOWLEDGES THAT IT IS
HIS SOLE RESPONSIBILITY (AND NOT THE COMPANY’S) TO FILE TIMELY THE ELECTION UNDER SECTION 83(b),
EVEN IF GRANTEE REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THAT FILING ON HIS BEHALF.

     14. Entire Agreement; Governing Law. This Agreement and the Plan constitute the
entire agreement of the Parties with respect to the subject matter hereof and supersede all prior
undertakings and agreements of the Parties with respect to the subject matter hereof. Nothing in
the Plan or in this Agreement (except as expressly provided herein) is intended to confer any
rights or remedies on any person other than the Parties. This Agreement is to be construed in
accordance with, enforced under, and governed by the laws of the State of Texas.

     15. Amendment; Waiver. The Committee may at any time or from time to time amend this
Agreement in any respect, except that no amendment that adversely affects Grantee may be effected
without a writing signed by the Parties. Any provision of this Agreement for the benefit of the
Company may be waived by the Committee or the Board. Unless otherwise expressed in the waiver,
such a waiver in one instance or with respect to one provision of this Agreement shall not be
deemed to be a waiver in any other instance or with respect to any other provision of this
Agreement.

     16. Effectiveness and Term. This Agreement is effective upon the Effective Date, and
it shall continue in effect until (i) the termination or lapse of the Forfeiture Restrictions, and
the satisfaction of all of the corresponding Withholding Liability, regarding all of the Restricted
Shares or (ii) all of the Restricted Shares are transferred to the Company and/or its assignee(s),
unless sooner terminated by the Parties.

7

 

     17. Interpretive Matters. Whenever required by the context, pronouns and any
variation thereof used in this Agreement shall be deemed to refer to the masculine, feminine, or
neuter, and the singular shall include the plural, and vice versa. The term “include” or
“including” does not denote or imply any limitation. The term “business day” means
any Monday through Friday other than such a day on which banks are authorized to be closed in the
State of Texas. Each reference in this Agreement to a “Section” shall be deemed to be to a
section of this Agreement, unless otherwise stated. The captions and headings used in this
Agreement are inserted for convenience and shall not be deemed a part of this Agreement for
construction or interpretation.

     18. Venue. Any suit, action, or proceeding arising out of or relating to this
Agreement shall be brought in the United States District Court for the Northern District of Texas
or in a Texas state court in Dallas County, Texas, and the Parties shall submit to the jurisdiction
of such court. Each of the Parties irrevocably waives, to the fullest extent permitted by law, any
objection it or he may have to the laying of venue for any such suit, action, or proceeding brought
in such court. EACH OF THE PARTIES ALSO EXPRESSLY WAIVES ANY RIGHT IT OR HE HAS OR MAY HAVE TO A
JURY TRIAL OF ANY SUCH SUIT, ACTION, OR PROCEEDING.

     19. Severability and Reformation. If any provision of this Agreement is held to be
illegal, invalid, or unenforceable under present or future law, such provision shall be fully
severable and severed, and this Agreement shall be construed and enforced as if such illegal,
invalid, or unenforceable provision were never a part hereof, and the remaining provisions of the
Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid,
or unenforceable provision or its severance.

8

 

     20. Notice. Any notice or other communication required or permitted hereunder shall
be given in writing and shall be deemed given, effective, and received upon prepaid delivery in
person or by courier, or upon the earlier of delivery or the third business day after deposit in
the United States mail if sent by certified mail, with postage and fees prepaid, in any case
addressed to the other Party at its or his address as shown beneath its or his signature to this
Agreement, or to such other address as such Party may designate in writing from time to time by
notice to the other Party in accordance with this Section 20.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	ACE CASH EXPRESS, INC.
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Walter E. Evans
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Address:
	 	1231 Greenway Drive
	 

	 	 	 	 	 	 	 	Suite 600	 	 
	 	 	 	 	 	 	 	 	Irving, Texas 75038

GRANTEE ACKNOWLEDGES AND AGREES THAT THE FORFEITURE RESTRICTIONS ON THE RESTRICTED SHARES SHALL
TERMINATE OR LAPSE, IF AT ALL, ONLY AS EXPRESSLY STATED IN THIS AGREEMENT (NOT THROUGH THE GRANT OF
THE RESTRICTED STOCK AWARD OR THE ISSUANCE OF THE RESTRICTED SHARES). GRANTEE FURTHER ACKNOWLEDGES
AND AGREES THAT NOTHING IN THIS AGREEMENT OR THE PLAN SHALL CONFER UPON GRANTEE ANY RIGHT WITH
RESPECT TO CONTINUATION OF GRANTEE’S EMPLOYMENT OR TO ANY FUTURE AWARDS.

	 	 	 	 	 	 	 
	DATED: August 28,2006	 	SIGNED:	 	/s/ Jay B. Shipowitz
	 

	 	 	 	 	 	 
	 	 	 	 	JAY B. SHIPOWITZ
	 
	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	3036 Loch Meadow Court
	 

	 	 	 	 	 	Southlake, Texas 76092

9

 

Exhibit A to Restricted Stock Agreement

“CHANGE OF CONTROL”

The following are definitions of “Change of Control” and of various terms used in the
definition of “Change of Control”.

“Change of Control” means the occurrence of any one or more of the following:

	(i)	 	Any Person becomes an Acquiring Person, except as the result of (A) any acquisition of Voting
Securities of the Company by the Company or (B) any acquisition of Voting Securities of the
Company directly from the Company (as authorized by the Board).
	 
	(ii)	 	Individuals who constitute the Incumbent Board cease for any reason to constitute at least a
majority of the Board; and for this purpose, any individual who becomes a member of the Board
after the date of this Agreement whose election, or nomination for election by holders of the
Company’s Voting Securities, was approved by the vote of at least a majority of the
individuals then constituting the Incumbent Board shall be considered a member of the
Incumbent Board (except that any such individual whose initial election as director occurs as
the result of an actual or threatened election contest, within the meaning of Rule 14a-11
under the Exchange Act, or other actual or threatened solicitation of proxies or consents by
or on behalf of a Person other than the Board shall not be so considered).
	 
	(iii)	 	The consummation of a reorganization, merger, share exchange, consolidation, or sale or
disposition of all or substantially all of the assets of the Company unless, in any case, the
Persons who or which Beneficially Own the Voting Securities of the Company immediately before
that transaction Beneficially Own, directly or indirectly, immediately after the transaction,
at least 75% of the Voting Securities of the Company or any other corporation or other entity
resulting from or surviving the transaction (including a corporation or other entity which, as
the result of the transaction, owns all or substantially all of Voting Securities of the
Company or all or substantially all of the Company’s assets, either directly or indirectly
through one or more subsidiaries) in substantially the same proportion as their respective
ownership of the Voting Securities of the Company immediately before that transaction.
	 
	(iv)	 	The Company’s shareholders approve a complete liquidation or dissolution of the Company.

“Acquiring Person” means any Person (other than an Excluded Person) who or which, alone or
together with all Affiliates and Associates of that Person, is the Beneficial Owner of 25% or more
of the Voting Securities of the Company then outstanding.

“Affiliate” and “Associate” have the respective meanings ascribed to them in Rule
12b-2 under the Exchange Act.

A-1

 

“Beneficial Owner” means beneficial owner as defined in Rule 13d-3 under the Exchange Act.
(“Beneficially Owns” has the correlative meaning.) Any calculation of the number of Voting
Securities outstanding at any particular time, including for purposes of determining the particular
percentage of such outstanding Voting Securities of which any Person is the Beneficial Owner, shall
be made in accordance with the last sentence of Rule 13d-3(d)(1)(i) under the Exchange Act.

“Board” means the Board of Directors of the Company.

“Company” means Ace Cash Express, Inc., a Texas corporation.

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

“Excluded Person” means:

	(i)	 	Grantee or any group (within the meaning of Section 13(d)(3) of the Exchange Act) of which
Grantee is a member;
	 
	(ii)	 	any Person that controls (as defined in Rule 12b-2 under the Exchange Act) the Company as of
the date of the Agreement or any group of which any such Person is a member;
	 
	(iii)	 	any employee-benefit plan, or related trust, sponsored or maintained by the Company or any
of its subsidiaries, or any trustee or other fiduciary thereof; or
	 
	(iv)	 	any corporation or other entity owned directly or indirectly by the shareholders of the
Company in substantially the same proportions as their ownership of the Voting Securities of
the Company.

“Grantee” means Jay B. Shipowitz.

“Incumbent Board” means the members of the Board on the effective date of the Agreement
(subject, however, to clause (ii) of the definition of “Change of Control”).

“Person” means any individual, firm, corporation, partnership, limited liability company,
trust, or other entity, including any successor (by merger or otherwise) of such entity.

“Voting Securities” means securities or other interests having by their terms ordinary
voting power to elect members of the board of directors of a corporation or individuals serving
similar functions for a noncorporate entity.

A-2

 

Exhibit B to Restricted Stock Agreement

ASSIGNMENT SEPARATE FROM CERTIFICATE

     FOR VALUE RECEIVED, I,                                                             ,
hereby sell, assign, and transfer unto Ace
Cash Express, Inc. (the “Company”) or
                                                            
a total of                                                          
(                                        ) shares of the Company’s Common Stock standing in my name in the share transfer
records of the Company represented by Certificate No. ___delivered herewith and do hereby
irrevocably constitute and appoint                                                              as attorney-in-fact, with full power
of substitution, to transfer such shares in the share transfer records of the Company.

	 	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 	 
	 
	(Signature)
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 	 
	 
	(Printed name)
	 	 

INSTRUCTIONS:

Please do not fill in any blanks other than the signature and printed name lines. The purpose of
this assignment is to enable the transfer of shares upon forfeiture and repurchase under the
Restricted Stock Agreement, without requiring additional signatures on the part of Grantee.

B-1

 

Exhibit C to Restricted Stock Agreement

JOINT ESCROW INSTRUCTIONS

August 28, 2006

Walter E. Evans

Ace Cash Express, Inc.

1231 Greenway Drive, Suite 600

Irving, TX 75038

Dear Walt:

As Escrow Agent for both Ace Cash Express, Inc., a Texas corporation (the “Company”), and
Jay B. Shipowitz (“Grantee”) of 26,000 restricted shares of Common Stock, $0.01 par value
per share, of the Company (the “Restricted Shares”) under that certain Restricted Stock
Agreement between the Company and Grantee dated as of this date (the “Agreement”), you are
hereby authorized and directed to hold the Restricted Shares, the stock certificate(s) evidencing
the Restricted Shares, and any other property and documents delivered to you pursuant to the
Agreement (all of which shall be part of the “Restricted Shares” hereunder) in accordance
with the following instructions:

	1.	 	In the event any or all of the Restricted Shares are forfeited and to be repurchased by the
Company and/or its assignee(s) under the Agreement, the Company shall give Grantee and you a
written notice of forfeiture and repurchase which sets forth the number of the Restricted
Shares to be forfeited and repurchased under the Agreement (the “Forfeited Shares”),
the aggregate purchase price for the Forfeited Shares, and the time for the closing of the
repurchase transaction at the principal office of the Company (the “Notice”). Grantee
and the Company hereby irrevocably authorize and direct you to complete the transaction
described in the Notice in accordance with the terms of the Notice.
	 
	2.	 	To complete the transaction described in the Notice, you are directed to (a) complete, as
appropriate, the stock assignment(s) necessary for the transfer of Forfeited Shares as
described in the Notice, and (b) deliver them, together with the certificate(s) evidencing the
Forfeited Shares to be transferred, to the Company and/or its assignee(s), against the
delivery to you of the aggregate purchase price for the Forfeited Shares. You are then
directed to deliver to Grantee (i) the aggregate purchase price for the Forfeited Shares, (ii)
the certificate(s) evidencing any of the Restricted Shares that are not Forfeited Shares
(“Vested Restricted Shares”) as to which the Company has acknowledged that the
Withholding Liability (as defined in the Agreement) has been or is satisfied, and (iii) any
other property to which Grantee is entitled under the Agreement. Unless otherwise then
instructed by the Company, you shall continue to hold any then Vested Restricted Shares

C-1

 

	 	 	as to which the Company has not acknowledged to you that the Withholding Liability has been
or is satisfied.
	 
	3.	 	Grantee irrevocably authorizes the Company to deposit with you any and all certificates
evidencing the Restricted Shares and corresponding stock assignments, and any additions to and
substitutions for the Restricted Shares as described in the Agreement, to be held by you
hereunder. Grantee hereby irrevocably constitutes and appoints you as his attorney-in-fact
and agent for the term of this escrow to execute, with respect to such Restricted Shares, all
documents necessary or appropriate to make such Restricted Shares negotiable and to complete
any transaction herein contemplated. Subject to the provisions of this paragraph 3, Grantee
shall be entitled to exercise all rights and privileges of a shareholder of the Company with
respect to the Restricted Shares while the Restricted Shares are held by you.
	 
	4.	 	Upon the termination or lapse of the Forfeiture Restrictions regarding any or all of the
Restricted Shares under the Agreement, such that they become Vested Restricted Shares, and
upon the Company’s acknowledgment to you that the corresponding Withholding Liability has been
or is satisfied, you shall deliver to Grantee one or more certificates representing those
Vested Restricted Shares and any corresponding property to which Grantee is then entitled
under the Agreement. Notwithstanding the termination or lapse of the Forfeiture Restrictions
regarding any or all of the Restricted Shares under the Agreement, such that they become
Vested Restricted Shares, you shall continue to hold the certificate or certificates
representing those Vested Restricted Shares, and any corresponding property, hereunder until
receipt of the Company’s acknowledgment that the Withholding Liability corresponding to those
Vested Restricted Shares has been or is satisfied (which, the Company and Grantee have agreed,
may be effected at the Company’s instruction through a sale or sales of Vested Restricted
Shares on behalf of Grantee pursuant to which all or a portion of the proceeds are paid to the
Company to satisfy the Withholding Liability and all remaining proceeds, if any, are delivered
to Grantee).
	 
	5.	 	If, at the time of termination of this escrow (i.e., upon either (a) the termination or lapse
of the Forfeiture Restrictions regarding all of the Restricted Shares and the satisfaction of
all of the corresponding Withholding Liability, or (b) transfer of all of the Forfeited Shares
to the Company and/or its assignee(s), in accordance with the Agreement), you should have in
your possession any documents, securities, or other property belonging to Grantee, you shall
deliver all of the same to the Grantee and shall be discharged of all further obligations
hereunder.
	 
	6.	 	Your duties hereunder may be altered, amended, modified, or revoked only by a writing signed
by all of the parties hereto.
	 
	7.	 	You shall be obligated only for the performance of such duties as are specifically set forth
herein and may rely, and shall be protected in relying when acting or refraining from acting,
on any instrument reasonably believed by you to be genuine and to have been signed or
presented by the proper party or parties. You shall not be personally liable for any act you
may do or omit to do hereunder as Escrow Agent or as attorney-in-fact

C-2

 

	 	 	for Grantee while acting in good faith, and any act done or omitted by you pursuant to the
advice of your own attorneys shall be conclusive evidence of such good faith.
	 
	8.	 	You are hereby expressly authorized to disregard any and all warnings given by any of the
other parties hereto or by any other person or entity, excepting only orders or process of
courts of law, and are hereby expressly authorized to comply with and obey orders, judgments,
or decrees of any court. In case you obey or comply with any such order, judgment, or decree,
you shall not be liable to any of the other parties hereto or to any other person or entity by
reason of such compliance, notwithstanding any such order, judgment, or decree being
subsequently reversed, modified, annulled, set aside, vacated, or found to have been entered
without jurisdiction.
	 
	9.	 	You shall not be liable in any respect on account of the identity, authorities, or rights of
the parties executing or delivering, or purporting to execute or deliver, the Agreement or any
documents or papers deposited or called for hereunder.
	 
	10.	 	You shall be entitled to employ such legal counsel and other experts as you may deem
necessary properly to advise you in connection with your obligations hereunder, may rely upon
the advice of such counsel, and may pay such counsel reasonable compensation therefor, for
which you will be reimbursed by the Company.
	 
	11.	 	Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be an
officer, employee, or agent of the Company or if you shall resign by written notice to each
other party hereto. In the event of any such termination, the Company shall appoint a
successor Escrow Agent.
	 
	12.	 	If you reasonably require other or further instruments in connection with these Joint Escrow
Instructions or any obligations in respect hereto, the necessary party or parties hereto shall
join in furnishing such instruments.
	 
	13.	 	It is understood and agreed that should any dispute arise with respect to the delivery and/or
ownership or right of possession of the Restricted Shares or any other property held by you
hereunder, you are authorized and directed to retain in your possession, without liability to
anyone, all or any part of such property until such dispute shall have been settled either by
mutual written agreement of the parties concerned or by a final order, decree, or judgment of
a court of competent jurisdiction after the time for appeal has expired and no appeal has been
perfected, but you shall be under no duty whatsoever to institute or defend any such
proceedings.
	 
	14.	 	Any notice required or permitted hereunder shall be given in writing and shall be given by
personal or courier delivery or deposit in the United States mail, by registered or certified
mail with postage and fees prepaid, addressed to each of the other parties thereunto entitled
at the following addresses or at such other addresses as a party may designate by advance
written notice to each of the other parties hereto:

C-3

 

	 	 	 	 
	 	If to the Company:

	 	Ace Cash Express, Inc.
	 	 

	 	1231 Greenway Drive
	 	 

	 	Suite 600
	 	 

	 	Irving, Texas 75038
	 	 

	 	Attention: General Counsel
	 
	 	 
	 	If to Grantee:

	 	Jay B. Shipowitz
	 	 

	 	3036 Loch Meadow Court
	 	 

	 	Southlake, Texas 76092
	 
	 	 
	 	If to the Escrow Agent:

	 	Walter E. Evans
	 	 

	 	c/o 1231 Greenway Drive
	 	 

	 	Suite 600
	 	 

	 	Irving, Texas 75038

	 	 	Any notice so given by personal or courier delivery shall be deemed to have been duly given
upon delivery, and any notice so given by United States mail shall be deemed to have been
duly given upon the earlier of receipt by the addressee or the third business day after
deposit in the mail.
	 
	15.	 	By signing these Joint Escrow Instructions, you become a party hereto only for the purpose of
the Joint Escrow Instructions; you do not become a party to the Agreement.
	 
	16.	 	This instrument shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns.
	 
	17.	 	These Joint Escrow Instructions shall be governed by, and construed and enforced in
accordance with, the laws of the State of Texas.

C-4

 

Very truly yours,

ACE CASH EXPRESS, INC.

By: /s/ Walter E. Evans

GRANTEE:

/s/ Jay B. Shipowitz

JAY B. SHIPOWITZ

ESCROW AGENT:

/s/ Walter E. Evans

WALTER E. EVANS

C-5

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