Free Motion for Summary Judgment - District Court of Arizona - Arizona

E h `b `t 14
Case 2:02—cv—02099-RCB Document 475-17 Filed 06/06/2007 Page10f2

MAR 20 2001 1 2: 05 FR circa 00120ER RAUNER 312 382 2201 T0 9 1480'/085550 P. 03/O3

PARTNERS WITH MANAGEMENT IN PRIVATE EQUITY
March 19, 2001
Mr. Michael Makings
Chief Executive Officer
LeapSource
7333 South Hardy Drive, Suite 102
Tempe, AZ 85283
Dear Mike:
As you know, GTCR previously communicated with the Company its intent to discontinue the invesunent
of iiinds into Leapsource. Over the past several weeks, GTCR., the Board of Directors, and the
management of Leapsouroe have reviewed the fmancial outlook for the Company, and have pursued
numerous financing options for the Company. To date, the Company has not secured additional financing,
and the Company represents that it requires additional $9-512 million in funds to serve its existing
customers over the next 6-9 months.
This letter serves to notify you that GTCR will not continue to invest in the Company beyond a maximum
funding of $750,000 for this next payroll period ending March 31, 2001. Although we believe we are not
required to fimd any further dollars at this point, we will fund up to $750,000 purely to allow Leapsouree to
provide for an orderly transition ofthe outsourced accounting operations back to their clients with minimal
disruption as possible. We suggest the Company immediately notit? all customers of this decision and
provide for an orderly transition of services.
As always, we may revisit our decision should the Company‘s current situation change.
Very truly yours,
GTCR FUND VI, L.P. GTCR ASSOCIATES VI
By: GTCR Partners VI, LP. By: GTCR Partners VI, LP.
Its: General Partner Its: Managing General Partner
By: GTCR Golder Rauner, L.L.C. By: GTCR Golder Rauner, L.L.C.
Its: General Partner Its: General Partner
By: 7 — Q"""¥-»’ By: ·
Name: ‘ ` Name: ` '
lts: » Principal Its: Principal
GTCR VI EXECUTIVE FUND, L.P.
By: GTCR Partners VI, L.P.
Its: General Partner
By: GTCR Golder Rauner, L.L.C.
Its: General Partner
EXHIBIT
By; *®""`*'·—· £
Name: '
Its; Principal 5 $20 &
GTCR Gotnnn Rwnan, uic · 6100 Sears Tower · Chicago, Illinois 60606-6402
Phone $12.3822200 · Fax 312.382220]. · wWW.g1.‘C.!.C0m
Case 2:02—cv—02099-RCB Document 475-17 Filed 06/06/2007 Page 2 of 2

Case 2:02-cv-02099-RCB

Document 475-17

Filed 06/06/2007

Page 1 of 2

Case 2:02-cv-02099-RCB

Document 475-17

Filed 06/06/2007

Page 2 of 2