Document:

Exhibit 10.50

Exhibit 10.50

Execution Version

[***]
— Indicates confidential information. Confidential treatment
requested. 
 Portion omitted filed separately with the Securities and
Exchange Commission.

AMENDED AND RESTATED SPONSORSHIP AGREEMENT

This Amended and Restated Sponsorship Agreement (“Agreement”), is entered into this
October 1st, 2010, by and between Bank of America, N.A. (“BofA”) and Global Cash
Access, Inc., a Delaware corporation and the successor-in-interest to Global Cash Access, L.L.C.
(“Company”). Company and BofA are sometimes referred to herein each as a “Party”
and collectively as the “Parties”.

AGREEMENT

WHEREAS, B.A. Merchant Services, Inc. (“BAMS”) and Company entered into a Sponsorship
Agreement in or about November 1999, as amended (the “Prior Agreement”), and BofA is the
successor-in-interest to BAMS with respect to the Prior Agreement;

WHEREAS, Company and its Affiliates provide Payment Services to their respective Customers in
connection with Network Card Transactions predominantly at gaming establishments;

WHEREAS, in order for Company and its Affiliates to provide such Payment Services and to
authorize the Terminals that are used in connection with such Payment Services to be connected to
Networks, Company and/or the relevant Terminals must be sponsored by a Network Member;

WHEREAS, pursuant to the terms of the Prior Agreement, BofA or its Affiliate provided Network
sponsorship to Company and/or the relevant Terminals;

WHEREAS, the Prior Agreement is scheduled to terminate on September 30, 2010 and the Parties
desire to transition the sponsorship services currently provided by BofA or its Affiliate to a new
provider that is not affiliated with BofA;

WHEREAS, BofA is willing to provide a limited transition period during which BofA or its
Affiliate will continue to provide sponsorship services to Company, its Affiliates and/or the
relevant Terminals on the express conditions that include, among other things, that (i) the BINs
and ICAs currently used by Company and the related services provided by BofA and its Affiliate are
transferred to a new provider during such transition period, and (ii) the Parties agree to amend
and restate the Prior Agreement on the terms and conditions set forth herein;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
Company and BofA acknowledge, the Parties agree as follows:

	1.	 	Definitions.

“Affiliate” means, with respect to either Party, a Person which directly or indirectly
Owns or Controls, is Owned or Controlled by, or is under common Ownership or common Control with
the Party.

“Agreement” has the meaning set forth in the preamble to this Agreement.

“Applicable Law” means all laws (including common law), codes, statutes, ordinances,
rules, regulations, regulatory bulletins or guidance, regulatory examinations or orders, decrees
and orders of any Governmental Authority, as may be amended and in effect from time to time.

“ATM” means automated teller machine, an automated cash machine or redemption device
that has the functionality to dispense cash in the same manner as an ATM.

 

 

 

“BAMS” has the meaning set forth in the recitals to this Agreement.

“BofA” has the meaning set forth in the preamble to this Agreement.

“BofA Indemnitees” means BofA, each Affiliate of BofA, and each Network Party, and
their respective legal representatives, successors, assigns, agents, employees, officers,
directors, and shareholders.

“Business Day” means any day on which a national bank located in the state of New York
is authorized or required to be open for business.

“Card” means an ATM, debit, prepaid, stored value or similar card, or a credit or
charge card, with magnetically encoded stripes, issued by a Network Member that may be used by the
holder to perform cash withdrawal, purchase or other financial transactions.

“Card Transaction” means a transaction that is initiated by a Cardholder through the
use of a Card at a Terminal, or other transaction types approved by the Parties in writing,
including but not limited to cash withdrawals or disbursements, balance inquiries, chargebacks, or
transactions involving the sale of a Negotiable Instrument by a Customer in accordance with written
procedures approved by BofA in accordance with this Agreement.

“Cardholder” means the Person to whom a Card has been issued and the authorized users
of such Card.

“Cardholder Data” means information provided by or about a Cardholder or Card in the
course of a Card Transaction or obtained through the use of a Card, including name, address, PIN,
CVV number, magnetic stripe data and any other similar information that identifies the Cardholder
or any account of the Cardholder.

“Certified Processor” means a Network participant that is authorized by a Network to
directly acquire and process payment transactions using a Network’s system.

“Claims” means any losses, claims, suits, damages, liabilities, demands, rights
(whether contingent, accrued, inchoate or otherwise), disbursements, including reasonable legal
fees and expenses, of whatsoever kind and nature.

“Company” has the meaning set forth in the preamble to this Agreement.

“Control” means the power to direct the management or affairs of a Person.

“Confidential Information” has the meaning set forth in Section 15(a).

“CSI” has the meaning set forth in Section 3(a).

“Customer” means a Person to which Company provides Payment Services and that may have
one or more Terminals located on its premises which participate in the Networks and with respect to
which BofA provides Sponsorship Services to Company.

“Customer Agreement” means an agreement entered into between a Customer and Company
under which Company provides certain Payment Services.

“Disclosing Party” means the Party whose Confidential Information is obtained by the
Receiving Party.

“Effective Date” means September 30, 2010.

“GCA” means Company.

“GCAH” has the meaning set forth in Section 7(a).

 

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“Governmental Authority” means any government, any state or any political subdivision
thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative
functions of, or pertaining to, government, whether federal, state or local, including without
limitation, the Federal Deposit Insurance Corporation, Office of the Comptroller of Currency, the
Board of Governors of the Federal Reserve System, and the Office of Thrift Supervision.

“Indemnified Party” has the meaning set forth in Section 13(a)(2).

“Independent Sales Organization” or “ISO” means a non-member agent who is
registered with any Network by BofA or an Affiliate to deploy Terminals as provided in an agreement
between the ISO and BofA or its Affiliate.

“Indirect Processor” means an entity that provides processing services to Customers
and who provides an interface, directly or indirectly, between Company and such Customer for the
provision of Payment Services.

“License” means any license, permit, or approval of any nature from a Governmental
Authority.

“Material Adverse Event” means any event, including but not limited to any change in
the financial condition of Company, which is reasonably likely to have a material adverse impact on
the ability of Company to comply with its obligations under this Agreement, the Operating Rules or
Applicable Law.

“MCCs” has the meaning set forth in Section 5(i)(1).

“Network” means an ATM, electronic funds transfer, electronic benefits transfer, or
debit card or credit card network, on Exhibit A hereto, as amended from time to time by the
Parties.

“Network Marks” means the trademarks, service marks, names logos or other indicia of
origin that have been licensed to BofA by the Networks.

“Network Forms” has the meaning set forth in Section 3(g).

“Network Member” means a member of a Network.

“Network Parties” means Networks, Network Members, and any other Person to which BofA
or its Affiliates have any obligation or liability under a Network’s Operating Rules with respect
to the Sponsorship Services provided by BofA and its Affiliates or the Card Transactions involving
the Company or its Customers.

“Negotiable Instrument” means a document or instrument (whether in written or
electronic form) that meets all of the requirements of a negotiable instrument under the Uniform
Commercial Code as enacted in each jurisdiction where BofA provides services to Company pursuant to
this Agreement, which is used for purposes of completing a “quasi-cash” transaction under the
applicable Operating Rules and MCCs that govern such “quasi-cash” transactions.

“Non-Terminating Party” has the meaning set forth in Section 14(b).

“Operating Rule” means any rule, regulation, procedure or bylaw of a Network, or any
other document, manual or writing setting forth any standard, requirement or operating guideline
relating to a Network or its Network Members.

“Own” and “Ownership” mean beneficial ownership of more than ten percent (10%)
of the equity of a Person.

“Payment Services” means (i) deployment, operation and/or ownership of Terminals,
and/or (ii) acquiring, processing, and/or authorizing Card Transactions, and/or (iii) providing
similar or related electronic payment services that requires sponsorship into one or more Networks.

 

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“PCI” has the meaning set forth in Section 6(a).

“Person” means any individual, sole proprietorship, partnership, joint venture,
limited liability company, trust, association, corporation, institution, entity, unincorporated
organization or Governmental Authority.

“POS” means point-of-sale.

“Prior Agreement” has the meaning set forth in the recitals to this Agreement.

“Processor” means an Indirect Processor or Certified Processor.

“Processor Agreement” means an agreement between a Network and a Processor under which
a Processor is authorized to provide processing services in connection with Card Transactions in
the Network.

“Provider Agreement” means any agreement pursuant to which a Service Provider renders
services on behalf of Company.

“Receiving Party” means the Party that receives Confidential Information of the
Disclosing Party.

“Reserve Account” means a bank account established by BofA to hold the Reserve Amount
pursuant to Section 8.

“Reserve Amount” means the amount established by BofA from time-to-time pursuant to
Section 8(a) which Company must retain in a letter of credit or Reserve Account as provided in
Section 8.

“Service Provider” means a Person that provides, on behalf of Company, any obligations
that Company is required to perform under this Agreement.

“Sponsorship Services” means the sponsorship of Company and Terminals in the Networks
identified in Exhibit A to this Agreement.

“Term” has the meaning set forth in Section 14(a).

“Terminal” means an ATM or other machine with capability to accept Cards for the
purpose of dispensing cash, or engaging in other types of transactions agreed to in writing by the
Parties and in compliance with the all applicable Operating Rules.

“Terminating Party” has the meaning set forth in Section 14(b).

	2.	 	Amended and Restated Agreement; Transition Services.

	 	(a)	 	Effective as of the Effective Date, this Agreement shall amend and restate the
Prior Agreement in its entirety, and such amended and restated agreement shall
thereafter govern the rights and obligations of the Parties with respect to the matters
subject to the Prior Agreement and this Agreement. Without limiting the foregoing, and
for avoidance of doubt, the Parties acknowledge and agree that the provisions of
Sections 3(b), 4(b), 4(d), 5(c), 8, 12(e), 12(f), 13 and 15 shall apply with respect to
acts, omissions or circumstances existing or occurring during the Prior Agreement or
this Agreement.

 

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	 	(b)	 	The Parties acknowledge their mutual intent and agreement to end the on-going
relationship between the Parties, and that the Sponsorship Services provided by BofA
after the Effective Date are intended as an accommodation to Company for a limited
transition period. Company agrees that during the Term of this Agreement, Company will
attempt to enter into a relationship with a new provider for the Sponsorship Services
previously provided by BofA and to be provided under this Agreement by BofA. Company
shall require that any new provider assume the transfer of all
BINs / ICAs currently used by Company on terms and conditions reasonably acceptable
to BofA, and Company shall cooperate (and cause such new provider to cooperate) with
BofA with respect to the transfer of such BINS / ICAs to such new provider. The
Parties recognize the importance of Company’s ability to transition to a new provider
of sponsorship services by the end of the Term, and shall cooperate in good faith to
achieve such transition by the end of the Term. If Company enters into an agreement
with a new provider of sponsorship services, the Parties will cooperate in good faith
with each other and with the new provider with respect to the transfer of the
BINS/ICAs currently used by Company to such new provider, and BofA will provide
Company and such new provider with other commercially reasonable transition
assistance services that are requested to allow Company to fully transition to such
new provider by the end of the Term.

	 	(c)	 	Company acknowledges and agrees that as of the expiration or termination of
this Agreement, BofA and its Affiliates shall have absolutely no obligation to provide
any Sponsorship Services to Company or with respect to any Customer businesses, whether
or not Company has entered into an agreement with a new provider to obtain new
sponsorship services, and that Company bears the entire risk of loss and business
disruption of Company is unable to obtain such sponsorship services from another
provider.

	3.	 	Sponsorship by BofA.

	 	(a)	 	General. BofA agrees to provide the Sponsorship Services with respect
to Company and the operations of its Customers in the United States or any United
States territory (as defined by each applicable Network), including Terminals located
in the United States, on the terms and conditions set forth in this Agreement;
provided, however, that (1) BofA may perform such Sponsorship Services, in whole or in
part, by causing an Affiliate to perform such Sponsorship Services, (2) BofA shall
remain liable to Company for performance of Sponsorship Services by an Affiliate of
BofA, and (3) references to performance by BofA of Sponsorship Services in this
Agreement shall be deemed to include BofA’s option to cause an Affiliate to provide
such Sponsorship Services. BofA acknowledges that Company in some instances provides
certain of its Payment Services through its Affiliate Cash Systems, Inc.
(“CSI”), and that the Sponsorship Services shall extend to CSI; provided that
Company shall remain liable for CSI’s compliance with the terms and conditions of this
Agreement.

	 	(b)	 	Performance by Customers. Company hereby unconditionally guarantees
performance of, and agrees that it is jointly and severally liable with each Customer,
for each Customer’s obligations and liabilities under each Customer Agreement,
including, without limitation, for any Claims which in any way directly or indirectly
relate to, result from or arise out of, any Customer’s violation of, or failure to
comply with, the Operating Rules or Applicable Law. For the avoidance of doubt, the
Sponsorship Services shall not include providing vault cash to Company or any Customer,
and the Parties acknowledge that the provision of vault cash by BofA or its Affiliate
to Company and Customers is subject to a separate agreement between BofA or its
Affiliate and Company, and that this Agreement shall in no way affect the obligations
or the parties to that agreement, including the termination date thereof, unless and to
the extent expressly provided herein.

	 	(c)	 	Existing Sponsorships. Subject to the terms and conditions of this
Agreement, BofA agrees to continue to provide the Sponsorship Services with respect to
each Customer with respect to which BofA was providing such Sponsorship Services on the
Effective Date, provided that (1) Company provides BofA with information mutually
agreed between the Parties from time to time to evaluate such Customer, and (2) each
such Customer has entered into a written Customer Agreement in form and substance
acceptable to BofA. Notwithstanding the foregoing, BofA may cease providing
Sponsorship Services with respect to an existing Customer to the extent that BofA
determines in its reasonable judgment, that (A) such action is required by a Network,
the Operating
Rules or Applicable Law, or (B) continuing to provide such Sponsorship Services would
present a significant financial or reputational risk to BofA.

 

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	 	(d)	 	Requests for New Sponsorships. As a condition of BofA providing
Sponsorship Services with respect to any new Customer on or after the Effective Date,
except as otherwise agreed between the Parties, Company will (1) provide BofA with
information mutually agreed between the Parties from time to time to evaluate such
Customer, and (2) ensure that each such Customer enters into a written Customer
Agreement in form and substance acceptable to BofA. Notwithstanding the foregoing,
BofA has sole and absolute discretion to determine whether to provide or cause its
Affiliate to provide Sponsorship Services with respect to any new Customer; provided
that, to the extent reasonably practicable, BofA will attempt to (A) discuss with
Company its decision not to provide Sponsorship Services to a specific Customer in
advance and (B) work in good faith with Company to determine if there are any remedial
measures that can be implemented to address the underlying basis for BofA’s intent to
deny Sponsorship Services.

	 	(e)	 	Underwriting Standards. BofA reserves the right, at all times, to
establish the underwriting standards and eligibility criteria for Customers with
respect to which it will provide Sponsorship Services. BofA may refuse to provide
Sponsorship Services with respect to the operations of any Customer or at any Customer
location that BofA determines in its sole and absolute discretion does not meet BofA’s
underwriting standards or eligibility criteria; provided that, to the extent reasonably
practicable, BofA will attempt to (1) discuss with Company its decision not to provide
Sponsorship Services to a specific Customer and (2) work in good faith with Company to
determine if there are any remedial measures that can be implemented to address the
underlying basis for BofA’s intent to deny Sponsorship Services. If BofA makes such a
determination with respect to an existing Customer, BofA and its Affiliates shall have
no liability with respect to any failure by Company to perform its obligations under
any Customer Agreement with such Customer, and Company expressly assumes all such risk.

	 	(f)	 	Customer Agreements. All Customer Agreements shall be in form and
substance reasonably acceptable to BofA, and shall meet any requirements set forth in
the applicable Operating Rules and Applicable Law, including any substantive provisions
required by the applicable Operating Rules, and shall obligate the Customer to abide by
the Operating Rules and Applicable Law. Customer Agreements may contain such other
terms and conditions as may be mutually agreed between any Customer and Company,
provided that such additional terms and conditions do not conflict with any provisions
of this Agreement, the Operating Rules or Applicable Law. Notwithstanding the
foregoing, BofA may require modifications to the Customer Agreement of an existing
Customer as of the Effective Date to the extent that BofA determines, in its reasonable
judgment, that (1) such modifications are required by a Network, the Operating Rules or
Applicable Law, or (2) such modifications are required to avoid a significant financial
or reputational risk to BofA.

	 	(g)	 	Network Registration and Requirements. BofA will complete and maintain
records with respect to all registration forms, applications and/or other documents
(“Network Forms”) that are required by the Networks from time to time in
connection with this Agreement and/or the Sponsorship Services provided by BofA to
Company and/or with respect to Customers. Company will be solely responsible for all
Network fees and charges associated with such registration or application. Company
will be solely responsible for timely preparing and providing to BofA any reports or
certifications required under any Operating Rules for filing with the Networks in
connection with the Sponsorship Services (including, without limitation, the
sponsorship of Customers and/or their Terminals) and the provision of Payment Services
for which Sponsorship Services are provided, including, without limitation, reports
relating to transaction activity, fee billing, adjustments and enhanced network
management reports, and such other reports as are specified in Exhibit B, which
reports will be distributed by Company in the formats and using communications circuits
and files designated by the Networks. BofA shall review and file such reports or
certifications with the
Network promptly after receipt from Company. Company shall promptly provide such
other reports, in hard copy or in “view access,” as BofA may require from
time-to-time. Without limiting the foregoing, Company acknowledges and agrees that,
for purposes of this Agreement, it is responsible for any and all obligations related
to the Payment Services arising under the Operating Rules (including connection to
each of the Networks) and for Customers’ compliance with the Operating Rules.

 

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	 	(h)	 	Terminal Ownership.

	 	(1)	 	No later than the Effective Date, Company shall provide BofA with
a list of all current Terminals that are owned, established, operated or
maintained by a Person other than Company. Company shall comply with, and shall
cause each Customer to comply with, all applicable Operating Rules and any
Applicable Law that requires Company or Customer to obtain a License or
otherwise regulates or restricts the ability of Company or a Customer to own,
establish, operate or maintain a Terminal. If any applicable Operating Rules or
Applicable Law requires that a Customer or any Person which owns or operates a
Terminal at a Customer location enter into an agreement with BofA or its
Affiliate, Company shall ensure that, prior to BofA’s provision of any
Sponsorship Services with respect to such Terminal, such Person enters into such
an agreement that is in compliance with such Operating Rules or Applicable Law
and acceptable in form and substance to BofA in BofA’s reasonable discretion.
Notwithstanding the foregoing, BofA may cease providing Sponsorship Services
with respect to a Terminal, or require modifications to any agreement of an
owner or operator of a Terminal, to the extent that BofA determines in its
reasonable judgment that such action (A) is required by a Network, the Operating
Rules or Applicable Law, or (B) is required to avoid a significant financial or
reputational risk to BofA.

	 	(2)	 	With respect to new Terminals that become owned, established,
operated or maintained by a Person other than Company after the Effective Date,
Company shall obtain BofA’s prior consent to obtain Sponsorship Services, which
consent shall not be unreasonably withheld or delayed; provided, however, that
such Terminals otherwise meet all of the requirements of Section 3(h)(1).

	4.	 	Certain Other Obligations of BofA.

	 	(a)	 	Network Membership. Subject to the terms and conditions of this
Agreement, BofA will use commercially reasonable efforts to obtain and maintain the
categories of membership or licenses in the Networks required to provide Sponsorship
Services pursuant to this Agreement and shall use reasonable efforts to notify Company
as soon as practicable if it is no longer able to maintain such memberships or
licenses.

	 	(b)	 	Regulatory Compliance. Notwithstanding anything in this Agreement, BofA
shall have no obligation to undertake to perform or continue to perform any function or
service relating to the Sponsorship Services or this Agreement with respect to any
Customer or Terminal in the event that: (1) such performance would contravene any
Applicable Law or Operating Rule, or any directive from a Governmental Authority or a
Network; or (2) BofA reasonably suspects fraud or suspicious activity in connection
with such Customer or Terminal.

	 	(c)	 	Dissemination of Operating Rules and Updates. To the extent permitted
by the applicable Network, Operating Rules or Applicable Law, BofA shall undertake good
faith efforts to provide Company with copies of applicable Operating Rules and/or
amendments thereto that BofA reasonably determines may be of interest or relevance to
Company.

 

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	 	(d)	 	Other Limitations. Notwithstanding anything in this Agreement, BofA
will be responsible only for performing the services expressly provided for in this
Agreement and BofA undertakes no duties
other than those expressly provided herein. Without limiting the generality of the
foregoing, BofA will not be responsible for: (1) the acts or omissions of Company,
any Processor or any Customer or any of their respective representatives, employees
or agents or any other Person, including, without limitation, any Network Party, and
no such person or entity will be deemed BofA’s agent for any purpose whatsoever; or
(2) breach of its duties hereunder, to the extent such breach was caused by legal
constraint, interruption in transmission or communication facilities, equipment
failure, war, terrorist act, riot, fire, flood, earthquake or other natural disaster,
strike, emergency or other circumstance beyond BofA’s control.

	5.	 	Certain Obligations of Company.

	 	(a)	 	Terminal Operation. As between BofA and Company, Company will be
solely responsible for (1) the cost, installation, operation, maintenance and repair of
each Terminal including, but not limited to, electrical and communications connections
in compliance with the equipment manufacturer specifications and the applicable graphic
standards and technical specifications established by Networks from time to time; (2)
the cost and provision of all signage to comply with requirements of any Network or
Regulatory Authority, including disclosures approved by BofA agreed between the Parties
from time to time, which includes the resigning of all Terminals for a change in
Sponsorship Services. Company shall ensure that all Terminals meet all lighting,
security and accessibility requirements.

	 	(b)	 	Terminal Reports. Company shall: (1) complete a Customer Agreement and
associated due diligence prior to activating any Terminal as required by the Network(s)
and agreed between the Parties from time to time; (2) provide quarterly reports to BofA
which for each Customer with respect to which BofA provides Sponsorship Services
includes a listing of all Networks that Company is acquiring Transactions for such
Customer; and (3) providing all processing services and settlement for each Terminal
sponsored under or in connection with this Agreement; and (4) provide written notice to
BofA of each new Terminal location on a daily basis and will properly register and
continue to register each Terminal as may be required by each of the Networks and/or
Applicable Law. BofA may identify additional data files or reports to be generated by
Company and delivered to BofA on an ad hoc or periodic basis. Nothing in this
Agreement shall limit BofA’s ability to communicate with any Customer to the extent
that BofA reasonably determines that such communication is necessary to comply with a
Network, Operating Rules or Applicable Law, or to avoid significant financial or
reputational risk to BofA.

	 	(c)	 	Compliance. Company will comply, and will ensure that each Customer
complies, with the Operating Rules and all Applicable Laws related to the Terminals,
the performance of Company’s obligations hereunder and the obligations of each Customer
under a Customer Agreement. Company acknowledges and agrees that (1) only a Network
has authority to interpret its Operating Rules, and (2) BofA shall not make any
representation or warranty, and Company shall not rely on BofA or its Affiliates in any
way, including any oral or written statement, regarding the requirements imposed by the
Operating Rules or Applicable Law on Company or Company’s Customers or operations.
BofA. BofA and Company shall negotiate in good faith to amend this Agreement to the
extent an amendment is necessary to comply with any Operating Rules or Applicable Law.

	 	(d)	 	Use of BofA’s Name and GCA’s Name. Company agrees that it will not,
and will ensure that each Processor does not, use the name, marks or logos of BofA or
any of its Affiliates (the “Bank Marks”) for any reason, or use or refer to
BofA or its Affiliate (orally or in writing) in any advertisements, sales,
presentations or marketing materials without the express prior written consent of BofA,
which consent shall not be unreasonably withheld. Company may accurately describe its
relationship with BofA in response to questions and in its dealings with Customers.
BofA agrees that it will not, and will ensure that it and its Affiliates do not, use
the name, marks or logos of GCA or any of its Affiliates (the “GCA Marks”) for
any reason, or use or refer to GCA or
its Affiliate (orally or in writing) in any advertisements, sales, presentations or
marketing materials without the express prior written consent of GCA, which consent
shall not be unreasonably withheld.

 

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	 	(e)	 	Processor Agreement. Prior to the sponsorship into any Network by BofA
or an Affiliate with respect to a Customer or a Terminal or the provision by Company of
any Payment Services for which the BofA provides Sponsorship Services under this
Agreement (1)Company will have become a Certified Processor or have obtained a
Certified Processor for such Network acceptable to BofA; and (2)such Certified
Processor shall have entered into a Processor Agreement with such Network as required
by the applicable Network’s Operating Rules. Company shall ensure that such Certified
Processor shall comply with the terms thereof and otherwise maintain itself in good
standing with the Network. The Parties acknowledge and agree that TSYS Acquiring
Solutions, L.L.C. is acting as a Certified Processor of Company.

	 	(f)	 	Indirect Processors. Company shall obtain BofA’s prior written
consent, which BofA may grant or deny in its sole discretion, before using any Indirect
Processor to provide processing services on Company’s behalf. Notwithstanding that
BofA consents to Company’s use of an Indirect Processor, Company will cause such
Indirect Processor to comply with the applicable Network’s Operating Rules (including,
but not limited to, any requirement to enter into an agreement with the applicable
Network(s)) and all Applicable Law, and otherwise maintain itself in good standing with
the Network.

	 	(g)	 	Access to Processor Systems. To the extent that Company uses any
Processor in connection with Card Transactions, Company shall use commercially
reasonable efforts to cause such Processor to provide BofA with “view access” to such
Processor’s systems to enable BofA to access and view information concerning
transactions processed by such Processor on behalf of Company.

	 	(h)	 	Service Providers. Company agrees that it shall cause any Service
Provider or provider of vault cash services to promptly furnish BofA with any relevant
information requested by BofA relating to BofA’s Sponsorship Services, the Networks, or
the Terminals or Customers with respect to which BofA provides Sponsorship Services
hereunder and to otherwise use commercially reasonable efforts to cooperate with BofA
in connection therewith. Company will timely pay all obligations that have not been
otherwise disputed in good faith by Company to any Person as they become due, whether
arising under the Operating Rules or otherwise, in connection with the Payment Services
or the Sponsorship Services.

	 	(i)	 	Card Transactions.

	 	(1)	 	Company shall ensure that Card Transactions are limited to (A)
cash withdrawals or disbursements or balance inquiries at Terminals, (B) the
issuance of Negotiable Instruments in a manner that conforms to the Operating
Rules and Applicable Law, and (C) transactions involving the merchant category
codes (“MCCs”) specified in Exhibit C.

	 	(2)	 	Except to the extent approved by BofA in writing, in no event
shall Company (A) allow, or permit any Customer to allow, a Cardholder to use a
Card for any Internet transaction or electronic commerce transaction, other than
a transaction in which a Cardholder uses a Card at a Terminal located at a
Customer location open to the public, (B) allow, or permit any Customer to
allow, a Cardholder to use a Card for any type of Card Transaction that BofA or
its Affiliates have not expressly approved in writing as of the Effective Date,
or (C) develop, introduce or announce any new product or service that involves
the use of Cards without the prior written approval of BofA or its Affiliates.

 

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	 	(j)	 	Negotiable Instruments. Company shall ensure that each Negotiable
Instrument that is issued in a Card Transaction complies with all Applicable Law and
all applicable Operating Rules, including
Network requirements relating to proper transaction identifiers to enable Company and
the Network(s) to properly charge interchange fees due from each location. Any
attempt on the part of a Customer or Company to receive improper or inappropriate
fees may result in (1) full repayment of all fees collected with respect to such
Negotiable Instrument, and (2) immediate termination of this Agreement or the
provision of Sponsorship Services with respect to such Customer.

	 	(k)	 	Implementation of First Annapolis Recommendations. Company
acknowledges that the consulting firm First Annapolis performed a review of Company’s
practices and procedures and made certain recommendations, which are summarized in
Exhibit D. Company shall implement the remediation steps set forth in the
column entitled “GCA Comments” in the table set forth in Exhibit D. Company
hereby (1)represents and warrants to BofA that it has fully and independently evaluated
the merits of each such recommendation and determined that taking the remediation steps
set forth in the column entitled “GCA Comments’ in the table set forth in Exhibit
D is in the Company’s best interests, and (2)acknowledges and agrees that BofA
makes no representation or warranty with respect to the merits of such recommendations,
and shall have no liability to Company or any other Person as a result of Company
following such recommendations.

	6.	 	Security; Disaster Recovery. 

	 	(a)	 	Security Procedures. Company agrees to establish and maintain, and to
ensure that each Customer establishes and maintains, operations, policies and
procedures in place for the protection of Cardholder Data and comply with the Payment
Card Industry (“PCI”) Data Security Standard, and meet the objectives of the
Interagency Guidelines Establishing Standards for Safeguarding Customer Information;
provided, however, that Company shall be required to cause a Customer to comply with
the foregoing only to the extent that such Customer is subject to such requirements
under the Operating Rules or Applicable Law. Company further agrees to monitor and
ensure that it and its Customers: (1) have, maintain, and use at all times, proper
controls as specified in the Operating Rules for secure storage and transmission of,
and limited access to, and shall render unreadable prior to discarding, all records
containing Cardholder Data, Card imprints and Cardholder signatures; (2) do not retain
or store magnetic stripe or PIN data after a transaction has been authorized; and (3)
if Company or a Customer stores any electronically captured Cardholder signature, that
Company or a Customer can reproduce such signature upon the request of BofA.

	 	(b)	 	Network PIN Security. Key management and PIN security systems will at
all times be in compliance with each Network of which BofA or its Affiliate is a
member. Company will, at its sole expense complete within the required time frame or
upon BofA’s demand, but at least annually, a PIN security review required by each
Network (including, but not limited to, the Visa PIN review and the ANSI//X9 TR-39-2009
TG-3 review) and provide BofA a copy of each such review upon completion.

	 	(c)	 	Background Checks; Employee Responsibility. Company shall establish,
implement and maintain reasonable policies and procedures with respect to the conduct
of background checks on (1) each of its officers and directors, and (2) each of its
employees and sales representatives engaged in providing the Payment Services. Company
understands and acknowledges that Company is solely responsible for the actions and
representations of all of its sales representatives and other employees.

	 	(d)	 	Security Breach. Company agrees that if it becomes aware or suspects
that there has been a breach of security that may result in unauthorized disclosure of
Cardholder Data or any other proprietary information relating to Card Transactions or
Cards, including with respect to any information obtained from a Terminal or in
connection with processing Card Transactions, Company shall notify BofA in writing of
such situation promptly, but in no event later than twenty —four (24) hours after such
a situation occurs. Company agrees to use commercially reasonable efforts to
cooperate with BofA and take corrective action to respond to the situation.

 

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	 	(e)	 	Disaster Recovery. Company agrees to maintain reasonable disaster
recovery plans designed to allow Company to recover and perform the basic obligations
under this Agreement in the event of a disaster or other failure of Company’s
operations and systems. Company agrees to perform reasonable tests of such disaster
recovery plans on a regular basis. At the request of BofA, Company shall provide BofA
with a summary of the results of any such test performed by Company.

	7.	 	Financial Statements and Audits. 

	 	(a)	 	Financial Statements. Company agrees to provide BofA with the
consolidated financial statements of Global Cash Access Holdings, Inc.
(“GCAH”), which may include quarterly or audited annual financial statements,
within thirty (30) days of request by BofA. Such financial statements shall be
certified in writing by a duly authorized officer or principal owner of GCAH as to the
accuracy of the data contained therein and the preparation of such statements in
accordance with generally accepted accounting principles, and Company shall provide an
unqualified opinion of an independent certified accountant retained by Company or GCAH
with respect to such financial statements. Company also shall provide such other
information concerning Company’s business and compliance with this Agreement as BofA
may reasonably request, including, but not limited to, information describing the
differences between the financial condition of Company and GCAH. Company and the
undersigned official of Company authorize BofA to obtain financial and credit
information relating to Company and the undersigned official of Company from credit
bureaus and other Persons.

	 	(b)	 	BofA Audits. During the Term, and for a period of two (2) years
thereafter, BofA and its Affiliates (or their respective contractors) may conduct
procedural audits of Company as reasonably necessary to confirm compliance with this
Agreement, the Operating Rules and Applicable Law, including a review of Company’s
facilities, books and records related to this Agreement upon reasonable advance
written notice by BofA. Company will promptly supply auditors with reasonable access
to Company’s facilities and requested information. Company will provide BofA with a
copy of any audits performed by a Network, Governmental Authority or other Person, to
the extent (1) such Network, Governmental Authority or other Person does not prohibit
the provision of such audits to BofA and (2) that such audit relates to this Agreement,
the Sponsorship Services, or any Operating Rules or Applicable Law relating to this
Agreement or the Sponsorship Services. If Company is examined by a Governmental
Authority pursuant to the federal Bank Service Corporation Act, Company will notify
BofA when any report of examination is available, and will provide such report to BofA
unless prohibited by Applicable Law or the applicable Governmental Authority from doing
so. Company agrees to request permission from each Governmental Authority to provide
such reports to BofA.

	 	(c)	 	Regulatory Audits. Company acknowledges that it will be subject to
regulation or examination by Governmental Authorities (including the Office of the
Comptroller of the Currency) and the Networks by virtue of this Agreement and the
arrangements contemplated hereby. Company shall, promptly upon request, submit and
furnish to BofA any reports (including transaction reports) or other data requested by
BofA (1)in order to comply with applicable regulatory or supervisory requirements;
(2)to respond to requests by regulatory or supervisory authorities; or (3)as otherwise
requested by BofA to demonstrate that Company is in compliance with its obligations
hereunder.

 

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	 	(d)	 	Notice to BofA. Company will provide BofA with written notice,
together with all supporting documentation, within two (2) days whenever: (1) Company
or, to Company’s knowledge, a Customer, receives notice from a Network or a
Governmental Authority relating to this Agreement, the Sponsorship Services, any
Terminal, ATM or Card with respect to which BofA provides Sponsorship Services, the
modification or revocation of any License, or the compliance of Company or any Customer
with the Operating Rules or Applicable Law; (2) any suit, litigation or other
proceeding is brought against Company or, to Company’s knowledge, its Customers, which
alleges any violation of any Operating Rules or Applicable Law; (3) Company
reasonably believes that any event of default has occurred or that any other
representations or warranty made by Company in this Agreement has ceased to be true
and complete in all material respects; (4) any Material Adverse Event occurs; (5)
Company’s relationship with any Customer has been discontinued, whether at Company’s
request or at such Customer’s request, provided that any such notice shall identify
the portion of Company’s revenues represented by such Customer; or (6) Company learns
of any criminal investigation of Company or its Customers, or of their respective
officers or directors.

	8.	 	Letter of Credit; Reserve Account. 

	 	(a)	 	Reserve Amount. (1) Beginning no later than five (5) Business Days
after the date of this Agreement, and until BofA releases Company from the obligation
pursuant to Section 8(d), Company shall maintain a letter of credit and/or a balance in
a Reserve Account in an amount equal to the Reserve Amount, as established by BofA in
accordance with this Agreement. The initial Reserve Amount shall be two million,
five-hundred thousand dollars ($2,500,000). In the event that Company experiences any
security breach of the type described in Section 6(d), BofA may increase the Reserve
Amount in its reasonable discretion by providing written notice to Company.

	 	(b)	 	Letter of Credit. The letter of credit required from Company under
this Section 8 shall be irrevocable, and issued by a depository institution acceptable
to BofA and in a form and content satisfactory to BofA, both in BofA’s sole and
absolute discretion. BofA shall be entitled to make multiple draws on such letter to
obtain funds in satisfaction of Company’s obligations to BofA under this Agreement
(including, but not limited to, paying any fees or penalties imposed by Networks on
BofA or its Affiliates with respect to Card Transactions involving Company’s Customers)
without prior demand or notice. The letter of credit shall have a term that extends no
more than nine (9) months beyond the end of the Term of this Agreement.

	 	(c)	 	Reserve Account. The Reserve Account in which all or a portion of the
Reserve Amount shall be maintained will be a deposit account with an Affiliate of BofA
or other depository institution acceptable to BofA in its sole discretion. Company’s
funds held in the Reserve Account may be commingled with other BofA customer funds
without involvement of an independent escrow agent. To secure Company’s obligations
under this Agreement (including, but not limited to, paying any fees or penalties
imposed by Networks on BofA or its Affiliates with respect to Card Transactions
involving Company’s Customers), Company irrevocably grants BofA and its Affiliates a
first priority lien and security interest in any funds in the Reserve Account and all
proceeds of such funds. Company agrees to execute and deliver to BofA, upon request,
any instruments and documents necessary to perfect its first priority lien and security
interest in and to such funds. If Company fails to perform such obligations under this
Agreement, BofA shall have the right, in its sole discretion, to exercise its lien and
security interests in the monies in the Reserve Account, without prior demand or notice
to Company.

	 	(d)	 	Release of Credit Support. After expiration or termination of this
Agreement for any reason, BofA shall promptly, but in no event later than nine (9)
months following such expiration or termination, return to Company any funds held in
the Reserve Account or surrender the letter of credit to Company upon BofA’s
determination in its sole and absolute discretion that Company has performed all of its
obligations under this Agreement and there is no material risk of liability of Company
under this Agreement, including for any indemnity, chargebacks or Network fines or
assessments or other contingent obligation.

 

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	9.	 	Use of Network Marks. 

Company shall use Network Marks, and shall ensure that each Customer uses Network Marks, only
to the extent permitted by each applicable Network and in accordance with all applicable Operating
Rules.

	10.	 	Fees and Expenses.

	 	(a)	 	Network Fees and Charges. Company will pay (or immediately upon
demand, reimburse BofA and its Affiliates) for any and all applicable fees and charges
which may be imposed from time to time by Networks on BofA or its Affiliates, Company,
any Customer, or any Processor used by Company, which in any way relate to this
Agreement, the Customers, the Sponsorship Services or relevant payment transactions,
including, without limitation, (1) all applicable Network fees relating to registration
and licensing of independent sales organizations and merchant service providers, (2)
all fees associated with the sponsorship by BofA and its Affiliates of Company or
Terminals or the provision Sponsorship Services with respect to any Customer and (3)
all fees associated with the provision of Payment Services by Company. For the
avoidance of doubt, as of the Effective Date neither BofA nor its Affiliates shall be
obligated to provide any assessment credit to Company.

	 	(b)	 	Network Settlement. All settlement, funding and adjustments for all
payment transactions generated by Company or its Customers for a particular Network
will be handled by a Certified Processor in accordance with the applicable Operating
Rules. BofA or its Affiliate will instruct Networks to settle all payment transactions
in a manner consistent with the provisions of this Agreement; provided, however, that
Company will use best efforts change or alter its method of settlement in a manner
designated by BofA if BofA and its Affiliates reasonably determine that such changes or
alterations are necessary or appropriate to reduce or manage risk of settlement
failure.

	 	(c)	 	Expenses. Company will reimburse BofA and its Affiliates upon demand
for (1) all reasonable costs and expenses, including all out-of-pocket costs (including
attorneys’ fees) paid or incurred by BofA or its Affiliates in connection with the
preparation, negotiation, execution, delivery and review of this Agreement and any
enforcement, amendment or modification thereof; and (2) all reasonable costs and
expenses incurred as a result of changes in Company’s business and operations,
including without limitation Company’s use of a new Processors or Service Providers or
the transfer of the Sponsorship Services and/or BINs and ICAs to a new service provider
upon termination of this Agreement.

	11.	 	Representations and Warranties by Company. Company represents and warrants to
BofA as of the date of this Agreement, and on each day on which a Card Transaction occurs, that:

	 	(a)	 	Good Standing. Company is a corporation organized, validly existing
and in good standing under the laws of the State of Delaware, and has its principal
office in Las Vegas, Nevada. Company is duly licensed or qualified to do business and
is in good standing in all jurisdictions in which the nature of the activities
conducted or proposed to be conducted by it, or the character of the assets owned or
leased by it, makes such licensing or qualification necessary to perform its
obligations required hereunder, except where the failure to be so licensed or qualified
would not have a material adverse effect on its ability to fulfill its obligations
under this Agreement. Company shall provide BofA with copies of all such licenses,
from time to time, promptly upon demand.

	 	(b)	 	Capacity; Authority; Validity. Company has all necessary corporate
power and authority to enter into this Agreement and to perform all of the obligations
to be performed by it under this Agreement. This Agreement has been duly authorized by
all necessary corporate action and has been duly executed and delivered by Company, and
upon execution by the Parties, shall constitute the valid and binding obligation of
Company, enforceable against Company in accordance with its terms, subject to
applicable bankruptcy laws and general principles of equity.

 

- 13 -

 

	 	(c)	 	Conflicts; Defaults. Neither the execution and delivery of this
Agreement by Company, nor the consummation of the transactions contemplated herein by
Company, shall (1) conflict with, result in the breach of, constitute a default under
or accelerate, terminate, modify or cancel or require any
notice or consent under any agreement, contract, lease, license, instrument or other
arrangement to which Company is a party or by which it is bound or to which any of
its assets is subject, except for such violations, conflicts, breaches, defaults,
accelerations, terminations or modifications that would not have a material adverse
effect on its ability to fulfill its obligations under this Agreement; (2) violate
the certificate of incorporation, bylaws, or any other equivalent organizational
document of Company; or (3) require any consent or approval under any judgment,
order, writ, decree, permit or license to which Company is a party or by which it is
bound. Except as disclosed in writing to BofA, Company is not subject to any
agreement (A) requiring fundamental changes in the operation of the Program; or (B)
with any Governmental Authority that would prevent the consummation of the
transactions contemplated by, or its ongoing performance of, the Agreement.

	 	(d)	 	No Consents, Etc. No consent of any Person (including any stockholder
or creditor of Company) and no consent, license, permit, approval, authorization or
exemption by notice of, report to or registration, filing or declaration with, any
Governmental Authority is required in connection with the execution or delivery of this
Agreement by Company, the validity of this Agreement with respect to Company, the
enforceability of this Agreement against Company, the consummation by Company of the
transactions contemplated hereby or the performance by Company of its obligations
hereunder.

	 	(e)	 	No Defaults. Company is not in default with respect to any material
contract, agreement, lease or other instrument, including with respect to debt or
securitization arrangements, except for defaults which would not result in a material
adverse affect on its ability to perform its obligations hereunder.

	 	(f)	 	Card Information. Company will not (1) disclose, sell, purchase,
provide or exchange Card account number information, Card Transaction Data or any other
Confidential Information of BofA or any Affiliate of BofA to any Affiliate of Company
or other Person, or (2) use any such information or data, for any purpose other than
performance of its obligations under this Agreement, including for marketing purposes,
in violation of any Operating Rules or Applicable Law.

	 	(g)	 	Performance. Company’s performance of this Agreement will not violate
any Applicable Law or any material agreement to which Company may now or hereafter be
bound.

	 	(h)	 	Compliance with Law. Company will comply with the terms of this
Agreement, the Operating Rules, and with Applicable Law as related to the performance
by Company of its obligations hereunder.

	 	(i)	 	Insurance. Company has and agrees to maintain policies of worker’s
compensation, employee’s liability, and general liability insurance with such limits as
required by law. Promptly upon the written request of BofA, Company will furnish BofA
with the written certificate(s) from its insurers or their agents, addressed to Company
as certificate holder, indicating the existence of Company’s insurance coverage, the
amount and nature of such coverage, the expiration date or dates of each policy, and a
thirty (30) day written notice of cancellation. In the alternative, Company may be a
self-insurer upon meeting those requirements of the applicable regulatory authorities
for any or all of the areas set forth above for which Company customarily self-insures.
Company will provide proof of such self-insurance upon BofA’s request.

	 	(j)	 	Pending Litigation and Claims. Except as disclosed in writing to BofA,
neither Company nor any of its officers or directors are a party to any pending
litigation brought by a Customer, Network or Network Member alleging a violation of any
Operating Rules, or have ever been fined or penalized by any Network or Network Member.

 

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	 	(k)	 	Accuracy of Information. All information provided to BofA and its
Affiliates with respect to existing Customers and prospective Customers shall be true
and correct in all material respects.

	 	(l)	 	No Reliance. Company acknowledges and agrees that BofA and its
Affiliates have not made, and Company is not relying on, any representation or
warranty, express or implied, with respect to the subject matter hereof, except as
expressly set forth in this Agreement.

	12.	 	Representations and Warranties of BofA. BofA represents and warrants to Company
that:

	 	(a)	 	Good Standing. BofA is a national banking association organized,
validly existing and in good standing under the laws of the United States, and has its
principal office in Charlotte, N.C. BofA is duly licensed or qualified to do business
and is in good standing in all jurisdictions in which the nature of the activities
conducted or proposed to be conducted by it, or the character of the assets owned or
leased by it, makes such licensing or qualification necessary to perform its
obligations required hereunder, except where the failure to be so licensed or qualified
would not have a material adverse effect on its ability to fulfill its obligations
under this Agreement.

	 	(b)	 	Capacity; Authority; Validity. BofA has all necessary corporate power
and authority to enter into this Agreement and to perform all of the obligations to be
performed by it under this Agreement. This Agreement has been duly authorized by all
necessary corporate action and has been duly executed and delivered by BofA, and upon
execution by the Parties, shall constitute the valid and binding obligation of BofA,
enforceable against Company in accordance with its terms, subject to applicable
bankruptcy laws and general principles of equity.

	 	(c)	 	Conflicts; Defaults. Neither the execution and delivery of this
Agreement by BofA, nor the consummation of the transactions contemplated herein by
BofA, shall (1) conflict with, result in the breach of, constitute a default under or
accelerate, terminate, modify or cancel or require any notice or consent under any
agreement, contract, lease, license, instrument or other arrangement to which BofA is a
party or by which it is bound or to which any of its assets is subject, except for such
violations, conflicts, breaches, defaults, accelerations, terminations or modifications
that would not have a material adverse effect on its ability to fulfill its obligations
under this Agreement; (2) violate the certificate of incorporation, bylaws, or any
other equivalent organizational document of BofA; or (3) require any consent or
approval under any judgment, order, writ, decree, permit or license to which BofA is a
party or by which it is bound.

	 	(d)	 	Standard of Performance. BofA shall perform all services hereunder
consistent with the standards of performance utilized by BofA in performing such
services for its other similarly situated customers. However, BofA does not represent
or warrant that its services will be uninterrupted or error free nor will it be liable
for damages resulting therefrom. BofA will not be liable for loss of data in transit
between BofA or its Affiliates and Company, or a Customer, or between BofA or its
Affiliates or Company and the authorizing or settling institutions.

	 	(e)	 	No Reliance. BofA acknowledges and agrees that Company has not made,
and BofA is not relying on, any representation or warranty, express or implied, with
respect to the subject matter hereof, except as expressly set forth in this Agreement.

	 	(f)	 	THE WARRANTIES SET FORTH IN THIS SECTION 12 CONSTITUTE THE ONLY WARRANTIES BY
BOFA OR ITS AFFILIATES TO COMPANY AND ARE IN LIEU OF ANY OTHER WARRANTIES WRITTEN OR
ORAL, STATUTORY, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THE WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

 

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	13.	 	Indemnification and Liability Limitation. 

	 	(a)	 	Indemnification.

	 	(1)	 	Company agrees to indemnify, defend and hold harmless each BofA
Indemnitee from and against any and all Claims, imposed on, incurred by or
asserted against any BofA Indemnitee which in any way directly or indirectly
relate to, result from or arise out of: (A) any breach of any representation,
warranty or covenant of Company contained in this Agreement; (B) any act or
omission of Company, any Customer, any Processor, any Indirect Processor, any
Service Provider or any other Person arising out of or relating to the
Sponsorship Services, the Payment Services, the Customer Agreements, and/or the
Provider Agreements; (C) violation of, or failure to comply with, Applicable
Law, the Operating Rules, the Customer Agreements, the Provider Agreements or
any agreement in connection with which Payment Services are provided or received
by (i) Company, (ii) any Customer, (iii) any Processor or any Service Provider
or (D) any Claim of any Person directly or indirectly relating to, resulting
from or arising out of this Agreement, BofA’s sponsorship of any Customer or
Terminal, the provision of Payment Services by Company, any Processor or any
Service Provider or BofA’s termination of this Agreement or refusal to extend
the Term hereof (including, without limitation, any Claim for indemnification by
any Network Party), except to the extent that any such Claim arises from the
gross negligence or willful misconduct of BofA or its Affiliates.

	 	(2)	 	If any Claim is asserted against any BofA Indemnitee (an
“Indemnified Party”) by any person who is not a Party to this Agreement
in respect of which the Indemnified Party may be entitled to indemnification
under the provisions of this Section 13, the Indemnifying Party shall have the
right, by notifying the Indemnified Party within ten (10) calendar days of its
receipt of the notice of the Claim, to assume the entire control of the defense,
including, at the Indemnifying Party’s expense, employment of counsel. The
Indemnified Party may participate in such defense at the Indemnified Party’s
expense and with counsel of the Indemnified Party’s choice. In any third party
claim, suit or proceeding the defense of which the Indemnifying Party shall have
assumed, the Indemnified Party will not consent to the entry of any judgment or
enter into any settlement with respect to the matter without the consent of the
Indemnifying Party and the Indemnifying Party will not consent to the entry of
any judgment or enter into any settlement affecting the Indemnified Party to the
extent that the judgment or settlement involves more than the payment of money
without the written consent of the Indemnified Party.

	 	(b)	 	Limitation of Liability. EXCEPT WITH RESPECT TO CLAIMS RELATING TO
BOFA’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, BOFA’S CUMULATIVE AGGREGATE LIABILITY
FOR ANY CLAIMS ARISING OUT OF OR RELATED TO THE PRIOR AGREEMENT OR THIS AGREEMENT WILL
BE LIMITED TO TEN THOUSAND DOLLARS ($10,000) DURING THE TERM.

	 	(c)	 	Exclusion Of Damages. IN NO EVENT WILL EITHER PARTY OR ITS AFFILIATES
BE LIABLE UNDER ANY THEORY OF TORT, CONTRACT (WHETHER RELATING TO THE PRIOR AGREEMENT
OR THIS AGREEMENT), STRICT LIABILITY, OR OTHER LEGAL OR EQUITABLE THEORY FOR ANY LOST
PROFITS, EXEMPLARY, PUNITIVE, SPECIAL INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES,
EACH OF WHICH IS HEREBY EXCLUDED BY AGREEMENT OF THE PARTIES REGARDLESS OF WHETHER OR
NOT EITHER PARTY OR ITS AFFILIATE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

 

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	14.	 	Term and Termination 

	 	(a)	 	Term.

	 	(1)	 	This Agreement shall become effective on the Effective Date and
shall continue in full force and effect until November 12, 2010 (the
“Term”). This Agreement shall automatically terminate upon the end the
Term, without notice or other action by a Party, and shall not be renewed or
otherwise extended beyond the end of the Term except pursuant to a writing
signed by both Parties in their sole and absolute discretion.

	 	(2)	 	If, prior to the end of the Term, Company has entered into an
agreement with a new provider of sponsorship services as required under Section
2(b) and such new provider has agreed to assume liability with respect to the
BINs / ICAs on terms acceptable to BofA, but despite the Parties’ and such new
provider’s good faith efforts, the transfer of the BINs / ICAs to such new
Provider cannot reasonably be completed before the end of the Term, BofA will
engage in good faith negotiations with Company regarding the terms and
conditions under which BofA might agree to an extension of the term of this
Agreement for a limited period in order to complete such transfer, provided that
(A) the terms of any such extension may include revisions to any of the
provisions of this Agreement, including, but not limited to, an increase in the
Reserve Amount, and (B) any extension must be in writing and signed by both
Parties.

	 	(b)	 	Termination Rights.

	 	(1)	 	Either Party (the “Terminating Party”) may terminate this
Agreement immediately if the other Party (the “Non-Terminating Party”)
materially breaches this Agreement and fails to remedy such breach within ten
(10) days (or 5 business days in the event of a payment default) after receipt
of written notice from the Terminating Party thereof specifying the nature of
such failure.

	 	(2)	 	Notwithstanding the provisions of Section 14(b)(1), BofA may
terminate or suspend this Agreement, or cease providing Sponsorship Services
with respect to a Customer, by providing written notice to Company in the event
that: (A) a Network or Governmental Authority directs BofA or an Affiliate to
terminate this Agreement in whole or with respect to a Customer; (B) BofA
reasonably determines that such termination or suspension is required to prevent
significant financial or reputational risk to BofA; or (C) a Material Adverse
Event occurs.

	 	(3)	 	Company may terminate this Agreement without cause and without
penalty by providing BofA with ten (10) days’ advance notice of termination,
provided that (A) Company has entered into a relationship with a new provider
for the Sponsorship Services previously provided by BofA and its Affiliates; (B)
such new provider agrees to assume the transfer of all BINs / ICAs currently
used by Company on terms and conditions acceptable to BofA; and (C) Company
cooperates (and causes such new provider to cooperate) with BofA and its
Affiliates with respect to the transfer of such BINS / ICAs to such provider.
In the event the transfer of such BINS / ICAs to the new provider is completed
prior to the end of such ten (10) day period, this Agreement shall terminate on
the date that the BINS / ICAs are transferred to such new provider.

 

- 17 -

 

	15.	 	Confidentiality. 

	 	(a)	 	Confidential Information. Except as required by law or as expressly
permitted under this Agreement, the Parties shall keep confidential and shall not
disclose, and shall cause their employers, independent contractors and agents to keep
confidential and not to disclose, to any third
party any Confidential Information obtained from a Party to this Agreement. For
purposes of this Agreement, “Confidential Information” shall mean any of the
following:

	 	(1)	 	Information that is provided by or on behalf of any Party to
another Party or its agents in connection with this Agreement;

	 	(2)	 	Information not of a public nature concerning the business or
properties of any Party, including the terms and conditions of this Agreement
(as well as proposed terms and conditions of any amendments, renewals, or
extensions of this Agreement), sales volumes, test results, trade secrets,
business and financial information, source codes, business methods, procedures,
know-how and other information (including intellectual property) of every kind
that relates to the business of any Party; and

	 	(3)	 	Information about a Party or its affiliates, or its respective
businesses or employees, that is otherwise obtained by a Party in connection
with this Agreement, in each case including: (A) information concerning
marketing plans, marketing philosophies, objectives and financial results; (B)
information regarding business systems, methods, processes, financing data,
programs and products; (C) information unrelated to the Agreement obtained by a
Party in connection with this Agreement, including by accessing or being present
at the business location of a Party; (D) proprietary technical information,
including source codes; and (E) competitive advantages and disadvantages,
customer names and addresses, technological development, sales volume(s),
business relationships and methods of transacting business, customers and
dealers, operational and data processing capabilities, systems software and
hardware and the documentation thereof or other information of the business or
affairs of each of the Parties and their respective affiliates which a Party
reasonably considers confidential or proprietary and any other information
relating to the transactions contemplated by this Agreement, including any
copies, excerpts, summaries, analyses or notes of the foregoing.

	 	(b)	 	Exclusions. Confidential Information shall not include information (1)
obtained from information already in the possession of the Receiving Party (other than
in connection with the structuring, negotiation and execution of this Agreement and the
other related documents and the transactions contemplated herein) and is not otherwise
subject to an agreement as to confidentiality; (2) that becomes generally available in
the public domain other than as a result of an unauthorized disclosure by a Party; (3)
that is lawfully received on a non-confidential basis from a third party authorized to
disclose such information without restriction and without breach of this Agreement;
(4) that is contained in, or is capable of being discovered through examination of
publicly available records or products; and (5) that is developed by a Party without
the use of any proprietary, non-public information provide by a Party under this
Agreement.

	 	(c)	 	Maintenance of Confidentiality. If a Receiving Party receives
Confidential Information of the Disclosing Party, the Receiving Party shall do the
following with respect to such Confidential Information: (1) keep Confidential
Information of the Disclosing Party secure and confidential; (2) treat all Confidential
Information of the Disclosing Party with the same degree of care as it accords it own
Confidential Information, but in no event less than a reasonable degree of card: and
(3) implement and maintain commercially reasonable physical, electronic, administrative
and procedural security measures, including commercially reasonable authentication,
access controls, virus protection and intrusion detection practices and procedures.

	 	(d)	 	Permitted Uses. Except as specifically set forth herein, each
Receiving Party shall not use or disclose Confidential Information of the Disclosing
Party except: (1) to perform its obligations or enforce its rights with respect to this
Agreement; (2) as expressly permitted by this Agreement; (3) with the prior written
consent of the Disclosing Party; or (4) pursuant to a summons, order or other judicial
or governmental process issued by a Governmental Authority, or in connection with any
regulatory report, audit, inquiry or other request for information from such a
Governmental Authority, or as required by Applicable Law. Notwithstanding the
foregoing, BofA and its Affiliates may provide Confidential Information to the
Networks as necessary to provide the Sponsorship Services or comply with the
Operating Rules.

 

- 18 -

 

	 	(e)	 	Limited Access. Each Receiving Party shall: (1) limit access to the
Disclosing Party’s Confidential Information to those employees, authorized agents,
vendors, consultants, service providers and contractors who have a reasonable need to
access such Confidential Information in connection with this Agreement; and (2) be
bound by obligations with respect to each such Person substantially similar to those
set forth in this Section 15.

	 	(f)	 	Requests for Disclosure. In the event that a Receiving Party receives
a request of the type described in Section 15(d) to disclose any Confidential
Information, such Receiving Party shall: (1) notify the Disclosing Party thereof
promptly after receipt of such request; (2) consult with the Disclosing Party on the
advisability of taking steps to resist or vary such request; and (3) if disclosure is
required or deemed advisable, cooperate with the Disclosing Party in any attempt that
it may make to obtain a protective order or other reliable assurance that confidential
treatment will be accorded to the Confidential Information.

	 	(g)	 	Public Filings. Each Party shall obtain the other Party’s consent, not
to be unreasonably withheld or delayed, if such Party believes that it is required to
file this Agreement as an exhibit to one or more of its SEC filings.

	 	(h)	 	Compliance with Applicable Law. Notwithstanding anything else
contained in this Agreement, no Party shall be obligated to take any action that such
Party believes in good faith would violate, or is reasonably likely to cause it to
violate, any Applicable Law.

	16.	 	Miscellaneous.

	 	(a)	 	Governing Law. This Agreement will be governed by, interpreted and
construed in accordance with, the laws of the State of New York, regardless of the laws
that might otherwise govern under applicable principles of conflicts of laws thereof.

	 	(b)	 	Jurisdiction; Venue. The Parties irrevocably consent to the exclusive
personal jurisdiction and exclusive venue of the federal and state courts in New York,
New York for any court action or proceeding relating to the Prior Agreement, this
Agreement, or the relationships contemplated thereby. THE PARTIES HEREBY EXPRESSLY
WAIVE ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION
RELATING TO THE PRIOR AGREEMENT, THIS AGREEMENT OR THE RELATIONSHIPS CONTEMPLATED
THEREBY.

	 	(c)	 	Amendments; Waivers. This Agreement may be amended only by a writing
signed by all of the Parties. Course of dealing, implication or failure or a delay in
exercising any Party’s rights and remedies hereunder will not effect any amendment or
modification of this Agreement or the waiver of any such rights.

	 	(d)	 	Counterparts. This Agreement may be executed in multiple counterparts,
each of which will constitute an original hereof, and all of which taken together will
constitute one and the same agreement.

	 	(e)	 	Entire Agreement. This Agreement contains the entire agreement of the
Parties and supersede any prior or contemporaneous written or oral agreements between
the Parties with respect to the subject matter hereof. In the event that this
Agreement, or any portion hereof, conflicts with a Network’s Operating Rules, the
applicable Operating Rules or relevant provision thereof will govern. There
are no representations, warranties, agreements, arrangements, or understandings, oral
or written between the Parties relating to the subject matter of this Agreement which
are not fully expressed herein, or in the Operating Rules.

 

- 19 -

 

	 	(f)	 	Notices. All notices permitted or required by this Agreement shall be
in writing and shall be deemed to have been duly given (1) upon personal delivery
(whether by messenger, overnight delivery, telegram, or otherwise), (2) upon facsimile
transmission (receipt of which is orally confirmed by the recipient) or upon
transmission by tested telex, or (3) three (3) business days after deposit, postage
prepaid, in the United States mail, if sent by certified or registered mail, return
receipt requested, and addressed:

	 	 	 
	in the case of notice to BofA, to:

	 	Bank of America, N.A.
	 

	 	Attention: Paul Mooney
	 

	 	MA5-100-08-12
	 

	 	100 Federal Street 
	 

	 	Boston, Massachusetts
	 

	 	(617) 434-4289 (Fax) 
	 
	 	 
	and in the case of notice to Company, to:

	 	Global Cash Access, Inc.
	 

	 	Attention: General Counsel
	 

	 	3525 E. Post Road, Suite 125 
	 

	 	Las Vegas, Nevada 89120
	 

	 	(702) 262-5039 (Fax) 

or in accordance with such other address information as the Party to receive notice
may provide in writing to the other Party in accordance with the above notice
provisions. Any notice given by any other method will be deemed to have been duly
given upon receipt thereof.

	 	(g)	 	Assignment. A Party shall not assign this Agreement or any of its
rights hereunder without the prior written consent of the other Party; provided,
however, that BofA may, without the prior written consent of Company, assign this
Agreement or otherwise transfer any of its rights and obligations hereunder to any of
its Affiliates, any successor-in-interest of BofA, or any entity which acquires a
majority of BofA’s assets or operations. For avoidance of doubt, a change of control
or ownership of a Party shall constitute an assignment of this Agreement. Subject to
the foregoing, this Agreement shall be binding on the parties hereto and their
respective successors and permitted assigns.

	 	(h)	 	No Third-Party Beneficiaries. This Agreement will be binding upon and
inure to the benefit of the Parties and their respective legal representatives,
successors and assigns. This Agreement is not for the benefit of any other person,
and no other person will have any rights against Company or BofA hereunder.

	 	(i)	 	Construction. Section headings in this Agreement are included for
convenience only and shall not affect the meaning or interpretation of any provision of
this Agreement. References in this Agreement to any Section are to such Section of
this Agreement. Unless the context of this Agreement clearly requires otherwise,
references to the plural include the singular, references to the singular include the
plural, and the term “including” or “includes” is not limiting. The schedules,
exhibits and attachments referred to herein shall be construed with and as an integral
part of this Agreement to the same effect as if it were set forth verbatim herein.

	 	(j)	 	Waiver. None of the provisions of this Agreement will be deemed to
have been waived by any act or acquiescence on the part of either Party, their agents,
or employees and may be waived only by instruments in writing signed by the authorized
officer of the respective Party. No waiver of any provision or of the same provision
on any occasion will operate as a waiver on another occasion.

 

- 20 -

 

	 	(k)	 	Severability. If any clause, sentence or other provision or portion of
this Agreement will for any reason become illegal, null or void, or be held by any
court of competent jurisdiction to be illegal, null or void, the remaining portions of
this Agreement will remain in full force and effect.

	 	(l)	 	Further Assurances. The Parties from time to time after execution of
this Agreement, without further consideration, will execute and deliver, as
appropriate, such documents and take such actions as may be reasonably necessary or
proper to carry out and consummate the transactions contemplated by this Agreement.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first
above written by their duly authorized officers.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BANK OF AMERICA, N.A.	 	 	 	GLOBAL CASH ACCESS, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Paul Mooney	 	 	 	By:	 	/s/ Scott Betts	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Paul Mooney
	 	 	 	 	 	Name:
	 	Scott Betts	 	 
	 

	 	Title:
	 	SVP
	 	 	 	 	 	Title:
	 	President and CEO	 	 

 

- 21 -

 

Exhibit A

Networks With Respect to Sponsorship

Visa

MasterCard

STAR

Pulse, provided that Company has entered into a new agreement with Pulse to maintain its
registration

Any other Networks mutually agreed upon by the Parties in writing.

 

- 1 -

 

Exhibit B

Reports

New Accounts Required Information for All New Merchants-requires bank consent prior to boarding

	 	•	 	Copy of executed agreement

	 	•	 	“Doing Business As” (DBA) name

	 	•	 	Merchant legal name

	 	•	 	Merchant outlet location, including street address, city, state and nine-digit ZIP code

	 	•	 	Federal “Taxpayer Identification Number,” and identification of the number as either a
“Federal Employer Identification Number (FEIN)” or “Social Security Number (SSN)

	 	•	 	Incorporation status (e.g., corporation, partnership, sole proprietor, non-profit, or
other)

	 	•	 	Gaming Licensing

	 	•	 	Telebet (non face to face) requires legal opinion merchant, legal opinion GCA,
Effective controls by 3rd party

	 	•	 	Full first and last name, including middle initial, if merchant is a sole proprietor

	 	•	 	MCC and, if applicable, any secondary MCCs

	 	•	 	PCI DSS compliance

	 	•	 	MATCH-clear

	 	•	 	Physical site inspection

Transaction Monitoring

	 	1.	 	Add location for ATM and/or POS location

	 	2.	 	Ability to view the following data on a daily basis by client:

	•	 	Gross sales volume

	 
	•	 	Average transaction amount

	 
	•	 	Number of transaction receipts

	 
	•	 	Number of chargebacks

	 
	•	 	Number of credits

Exception Reporting and Controls-daily

Exception activity reporting that includes daily reports to detect high-risk activity:

	 	•	 	Authorizations — indicate controls established at the individual merchant
and/or MCC level and subsequent reporting of exceptions

	 	•	 	Key entered — High rates of key entered transactions

	 	•	 	Deposits — Large out-of-pattern deposits and large individual transactions
suspended and reviewed

	 	•	 	Same card # — Multiple sales with the same card number is reviewed

	 	•	 	Average transaction size — Large changes in the average transaction size.

	 	•	 	New/inactive merchants — Deposit activity for new/inactive merchants.

	 	•	 	Reduction in sales volume.

	 	•	 	Increasing or excessive draft retrieval request rates.

	 	•	 	Increasing or excessive chargeback rates by merchant location.

	 	•	 	Address changes

	 	•	 	DDA changes

 

- 1 -

 

Monthly Reporting

	 	•	 	Key Management Reports 2009
— include at minimum # and $ transactions by card type,
losses, chargeback, fraud, data compromise, chargeback by merchant location ID

	 	•	 	Exception reports — fraud/suspicious activity, settlement failure, interchange
monitoring/rejects, ATM outage, chargeback programs, significant fraud event or theft of a
device

	 	•	 	Organization charts indicating material organization changes — Executive Level

	 	•	 	Location reporting/datafile — provide monthly list of all current open and closed MIDS
(last 12 months) — provide MID # and Corp name, DBA name, address, MCC, transaction $
and # by location, returns/credits $ & # by location, CB $&# by location, fraud by
location $  and # (CB reason code for fraud), date open, date closed, DBA name, SIC
MCC(s), Visa POS Condition code, Visa Processing code, MasterCard TCC

	 	•	 	Merchants placed on MATCH

	 	•	 	TC 50

	 	•	 	MasterCard Data Integrity

	 	•	 	Changes to surcharging — validation in compliance with network rules and state rules

	 	•	 	Customer PCI compliance — monthly report PCI compliance status of customers

	 	•	 	Any material changes to responsible gaming policy procedures and controls

Quarterly

	 	1.	 	PCI — Quarterly Scan — Annual ROC, Visa PIN & ANSI TR-39/TG3

	 
	 	2.	 	Visa volume reporting

	 
	 	3.	 	Visa PLUS reporting

	 
	 	4.	 	MasterCard [***] & [***] location reporting

	 
	 	5.	 	List of all third party vendors that have possession of CH data or perform ATM related
services, encrypted or non encrypted include full description of function performed by
third party

	 
	 	6.	 	List by ATM location, who owns device, who loads cash, performs maintenance receipt
paper etc, performs hardware software maintenance and PIN encryption

 

- 2 -

 

Exhibit C

Permissible Merchant Category Codes

MCC
[***], [***], [***], [***], [***]
and [***] will require prior approval by BofA and registration with
the applicable Network(s) before boarding of a Customer

 

- 1 -

 

Exhibit D

First Annapolis Review and Recommendations

 

- 1 -Exhibit 10.51

Exhibit 10.51

Execution Version

[***]
— Indicates confidential information.  Confidential treatment
requested.

Portion omitted filed separately with the Securities and Exchange
Commission.

FIRST AMENDMENT TO 

AMENDED AND RESTATED SPONSORSHIP AGREEMENT

This First Amendment (“First Amendment”) to the Amended and Restated Sponsorship
Agreement (“Agreement”), is entered into this November 5, 2010, by and between Bank of
America, N.A. (“BofA”) and Global Cash Access, Inc., a Delaware corporation and the
successor-in-interest to Global Cash Access, L.L.C. (“Company”). Company and BofA are
sometimes referred to herein each as a “Party” and collectively as the “Parties”.

AGREEMENT

WHEREAS, On October 1, 2010, BofA and Company entered into the Agreement; and

WHEREAS, BofA and Company desire to amend the Agreement as set forth in this First Amendment;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
Company and BofA acknowledge, the Parties agree as follows:

	1.	 	Definitions. Except as otherwise stated herein, all terms used in this First
Amendment shall have the meanings set forth in the Agreement. In addition, the following
terms shall have the following meanings when used herein:

“BofA” has the meaning set forth in the preamble to this Agreement.

“Company” has the meaning set forth in the preamble to this Agreement.

“First Amendment” has the meaning set forth in the preamble to this Agreement.

“First Amendment Effective Date” means November 5, 2010.

“GCA” means Company.

“Party” and “Parties” have the meaning set forth in the preamble to this
Agreement.

“Sponsorship Fee” has the meaning set forth in Section 6(a) of this First Amendment.

“Term” has the meaning set forth in Section 7(c) of this First Amendment.

	2.	 	Relationship Between First Amendment and Agreement.

	 	(a)	 	Effective as of the First Amendment Effective Date, this First Amendment amends
the Agreement as set forth herein. In the event of any conflict between the First
Amendment and the Agreement, the First Amendment shall govern.

	 	(b)	 	All references in the Agreement or this First Amendment to the “Agreement”
shall be deemed to refer to the Agreement as amended by this First Amendment.

	 	(c)	 	Except as expressly amended by this First Amendment, all terms of the Agreement
shall remain unchanged.

 

 

 

	3.	 	Transfer of BINS and ICAs.

Notwithstanding
anything in the Agreement, upon the transfer of a BIN or ICA from BofA to a
new provider of Sponsorship Services, Company shall discontinue referring to BofA with respect to
such BIN or ICA and any transactions relating to or occurring under such BIN or ICA, and shall
notify all affected Customers of the transfer of the BIN or ICA from BofA to the new provider of
Sponsorship Services.

	4.	 	Reports.

Exhibit B to the Agreement is modified by adding, under the heading “New Accounts,”
the following new report: OFAC.

	5.	 	Reserve Amount.

Notwithstanding anything in the Agreement, BofA may increase the Reserve Amount in its
discretion by providing written notice to Company in the event that (1) Company experiences any
security breach of the type described in Section 6(d) of the Agreement; (2) BofA reasonably
suspects fraud; (3) a Material Adverse Event occurs; or (4) BofA determines an increase is
necessary because of anticipated liability for chargebacks, fines, assessments or other amounts
owing, or to become due and owing, to a Network Party with respect to any BIN / ICA with respect to
which BofA provides Sponsorship Services, or any transactions thereon.

	6.	 	Sponsorship Fees.

	 	(a)	 	Beginning as of the First Amendment Effective Date,
Company shall pay BofA a
fee (the “Sponsorship Fee”) equal to [***] basis points of the dollar
volume
of credit and signature debit transactions processed through the BINs and ICAs
currently used by Company, which are the subject of the Sponsorship Services. BofA
shall invoice Company for Sponsorship Fees on a monthly basis, and Company shall pay
each invoice within fifteen (15) days.

	 	(b)	 	The Sponsorship Fees is in addition to any other fees, fines, assessments and
expenses that may be imposed by a Network, for which Company is responsible under the
Agreement, notwithstanding that such fees, fines, assessments or expenses may be
imposed on BofA or other third-party service providers rather than directly imposed on
Company.

	7.	 	Term and Termination 

	 	(a)	 	Basis of Extension. Company hereby represents to BofA that: (1) at the
time the Parties entered into the Agreement, Company had reached tentative agreement
with MetaBank to replace BofA as the provider of BIN / ICA sponsorship services; (2) at
the time the Parties entered into the Agreement, Company reasonably believed that such
replacement could be completed by the date the Agreement is scheduled to expire; (3)
uncertainty has arisen over whether MetaBank will enter into such agreement to provide
BIN / ICA sponsorship services, in part because MetaBank may need to obtain regulatory
approval to enter into such agreement with Company and Company does not know whether
such approval will be provided to MetaBank; and (4) Company believes that Company will
be able to (A) complete its tentative agreement with MetaBank, or enter into an
agreement with another provider of BIN / ICA sponsorship services, and (B) cause such
new provider to enter into an assignment and assumption agreement relating to BofA’s
BINs and ICAs sponsored for Company, no later than April 1, 2011, and on that basis has
requested BofA to extend the Term of the Agreement until such date.

 

- 2 -

 

	 	(b)	 	Conditions of Extension. Company acknowledges and agrees that (1) BofA
is agreeing to the extension to the Term of the Agreement under this Section 7 on the
basis that, among other things, the representations of Company to BofA under Section
7(a) are true and correct in all respects; (2)
Company will use its best efforts to enter into a new agreement with another provider
of BIN / ICA sponsorship services, and to cause such new provider to enter into an
assignment and assumption agreement with BofA in the form attached hereto as
Exhibit A, no later than April 1, 2011; and (3) BofA shall have not
obligation to provide any additional or other extension of the Term of the Agreement
beyond April 1, 2011, and Company assumes all risks and liabilities if, for any
reason whatsoever, Company is not able to enter into such an agreement or cause such
new provider to enter into such agreement with BofA and BofA ceases to provide
Sponsorship Services under the Agreement after the extension provided pursuant to
this Amendment.

	 	(c)	 	Term. Section 14(a)(1) of the Agreement is amended by replacing such
Section in its entirety with the following:

“This Agreement shall become effective on the Effective Date
and shall continue in full force and effect until April 1, 2011
(the “Term”). This Agreement shall automatically
terminate upon the end the Term, without notice or other action
by a Party, and shall not be renewed or otherwise extended
beyond the end of the Term except pursuant to a writing signed
by both Parties in their sole and absolute discretion.”

	 	(d)	 	Additional BofA Termination Rights. In addition to any other
termination rights under the Agreement, and notwithstanding any other provision of the
Agreement, BofA may terminate or suspend this Agreement, or cease providing Sponsorship
Services with respect to a Customer:

	 	(1)	 	by providing written notice to Company in the event that: (A)
Company fails to maintain compliance with the PCI Data Security Standards; (B)
Company fails to maintain compliance with applicable Network personal
identification number security requirements; (C) Company engages in any
fraudulent activity; (D) Company engages in any activity which presents a
security or financial risk to BofA or any of its Affiliates or would, in BofA’s
reasonable belief, have an adverse impact on the reputation of BofA or any of
its Affiliates; or (E) Company submits Card Transactions on behalf of any
Customer that is not licensed to operate as a gaming establishment or otherwise
approved in writing by BofA; or

	 	(2)	 	by providing written notice to Company in the event that any
Company License that is material to Company’s performance of its obligations
under this Agreement is revoked, and (A) Company has failed to initiate a cure
of such revocation within the greater of three (3) business days or any period
provided by such Governmental Authority, if any; or (B) such Governmental
Authority confirms or upholds its decision to revoke such License after Company
has attempted to cure such revocation; or (C) such License is required in order
for Company to operate the business of providing Payment Services in compliance
with Applicable Law and this Agreement, and Company is not permitted under
Applicable Law to operate such business under such License during the period in
which Company is seeking to cure such revocation.

 

- 3 -

 

IN WITNESS WHEREOF, the Parties have caused this First Amendment to be executed as of the date
first above written by their duly authorized officers.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BANK OF AMERICA, N.A.	 	 	 	GLOBAL CASH ACCESS, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Paul Mooney	 	 	 	By:	 	/s/ Scott Betts	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Paul Mooney
	 	 	 	 	 	Name:
	 	Scott Betts	 	 
	 

	 	Title:
	 	S.V.P.
	 	 	 	 	 	Title:
	 	President and CEO	 	 

 

- 4 -

 

EXHIBIT A

Form of

ASSIGNMENT AND ASSUMPTION AGREEMENT

This Assignment and Assumption Agreement (“Agreement”) is effective as of
 _____ , 20_____ 
(the “Effective Date”) by and between Bank of America, N.A. (“Assignor”), and

 _____ 
(“Assignee”). Assignor and Assignee are sometimes referred to in this
Agreement individually as a “Party” and collectively as the “Parties”.

WHEREAS, Assignor and Global Cash Access Inc. (“Company”) are parties to an Amended
and Restated Sponsorship Agreement entered into effective as of September 30, 2010 (the
“Sponsorship Agreement”) pursuant to which Assignor provides certain sponsorship and other
services to Company and certain affiliates of Company;

WHEREAS, the sponsorship services provided by Assignor under the Sponsorship Agreement include
sponsoring the BINs and ICAs described on Schedule 1 to this Agreement (individually a
“Sponsored BIN/ICA” and collectively the “Sponsored BINs/ICAs”); and

WHEREAS, Assignor desires to assign all of Assignor’s rights and obligations with respect to
the Sponsored BINs/ICAs to Assignee, on the terms and conditions stated herein; and

WHEREAS, Assignee desires to assume all of Assignor’s rights and obligations with respect to
the Sponsored BINs/ICAs, on the terms and conditions stated herein;

NOW, THEREFORE, for the promises made herein and for other good and valuable consideration the
receipt and sufficiency of which are acknowledged, the Parties agree as follows:

	1.	 	Assignor hereby assigns and transfers to Assignee, and Assignee hereby accepts and assumes
from Assignor, all of Assignor’s right, title and interest with respect to the Sponsored
BINs/ICAs in accordance with the provisions of this Agreement. The transfer of a Sponsored
BIN/ICA from Assignor to Assignee shall become effective as of the date on which such BIN or
ICA is transferred from Assignor to Assignee on the records of MasterCard Worldwide
Incorporated or Visa USA, Inc. (the “Card Organization”), or such other date as the Parties
may agree upon in writing (the “Conversion Date”). Each Party shall cooperate with the other
Party and engage in good faith efforts to obtain the consent of the applicable Card
Organization to assignment and assumption of the Sponsored BINs/ICAs and to accomplish such
assignment and assumption.

	2.	 	The Parties expressly acknowledge and agree that, as between Assignor and Assignee: (a)
Assignor shall have all rights and obligations with respect to transactions occurring under a
Sponsored BIN/ICA before the Conversion Date, and Assignee shall have no such rights or
obligations with respect to such transactions; and (b) Assignee shall have all rights and
obligations with respect to transactions relating to or occurring under a Sponsored BIN/ICA on
or after the Conversion Date, and Assignor shall have no such rights or obligations with
respect to such transactions. The allocation of rights and obligations under this Section 2
shall apply with respect to a transaction occurring under a Sponsored BIN/ICA on the basis of
when such transaction is processed under such Sponsored BIN/ICA, regardless of whether or not
such transaction relates to an earlier transaction under the Sponsored BIN/ICA. Assignor and
Assignee agree to promptly reimburse each other to accomplish the foregoing allocation of
rights and obligations upon presentation of appropriate documentation if such allocation is
not carried
out through settlement with the Card Associations.

 

- 5 -

 

	3.	 	Each Party hereby represents and warrants to the other Party that this Agreement has been
duly authorized, executed and delivered by such Party pursuant to its corporate powers and
constitutes the legal, valid and binding obligation of Assignor enforceable in accordance with
its terms, except as such enforcement may be limited by insolvency, equitable considerations
or similar matters. Assignee represents and warrants to Assignor that Assignee is a member in
good standing of each of the Card Organizations and meets all operational and financial
requirements of such Card Organizations to accept the assignment of the Sponsored BINS/ICAs
and to provide sponsorship services to Company with respect to such Sponsored BINS/ICAs.

	4.	 	Assignor hereby indemnifies, saves, defends and holds Assignee harmless from and against any
and all liability, loss, damage, claim, suit, action, cost or expense (including judicial and
administrative proceedings, settlements, court costs and reasonable fees and expenses of
attorneys and consultants) (“Losses”) arising out of or directly or indirectly relating to:
(a) the breach by Assignor of any of Assignor’s covenants, representations, warranties or
agreements contained herein; (b) any act or omission of Assignor prior to the Conversion Date
with respect to any Sponsored BINs/ICAs; or (c) any fine, assessment or penalty imposed prior
to the Conversion by a Card Association with respect to any Sponsored BINs/ICAs; provided that
Assignor shall not be obligated to indemnify Assignee for the gross negligence or willful
misconduct or Assignee.

	5.	 	Assignee hereby indemnifies, saves, defends and holds Assignor harmless from and against any
and all Losses arising out of or directly or indirectly relating to: (a) the breach by
Assignee of any of Assignee’s representations, warranties, covenants or agreements contained
herein; (b) any act or omission of the Assignee on and after the Conversion Date with respect
to any Sponsored BINs/ICAs; or (c) any fine, assessment or penalty imposed on or after the
Conversion Date by a Card Association with respect to any Sponsored BINs/ICAs; provided that
Assignee shall not be obligated to indemnify Assignor for the gross negligence or willful
misconduct or Assignor.

	6.	 	Each Party shall give such further assurances to the other Party as are reasonable, and shall
execute, acknowledge and deliver such documents, instruments and take such further actions as
are reasonable, to carry out the transactions contemplated by this Agreement in accordance
with the terms hereof.

	7.	 	There are no third-party beneficiaries of this Agreement, including Company, and this
Agreement does not create any rights in any other person.

	8.	 	No Party shall be responsible to the other Party (via indemnification or otherwise) for any
consequential, punitive, special or similar damages.

	9.	 	This Agreement shall be governed by and construed in accordance with the laws of the State of
New York.

	10.	 	This Agreement may not be amended, modified or waived except in a writing executed by the
authorized officers of the Parties.

	11.	 	This Agreement contains the entire agreement of the Parties and supersede any prior or
contemporaneous written or oral agreements between the Parties with respect to the subject
matter hereof.

	12.	 	This Agreement may be executed in counterparts, each of which shall be an original, but all
of
which shall constitute one and the same instrument.

 

- 6 -

 

IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the day and
year written above.

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	Signature:  	 	 	 	 
	 
	 	 	 
	 	 
	 

	 	 	Print Name:  	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	Title:	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	[Assignee]	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Signature:  	 	 	 	 
	 

	 	 	 

	 	 
	 

	 	 	Print Name:  	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	Title:	 	 	 
	 

	 	 	 	 

	 	 

Company hereby acknowledges and agrees that the assignment and assumption of the Sponsored
BINs/ICAs under this Agreement shall not modify, limit or restrict Company’s obligations to
Assignor under the Sponsorship Agreement, including with respect to chargebacks, assessments,
fines, and other amounts that may be owing to Assignor. For the avoidance of doubt, Assignor may
seek full reimbursement from the reserve account established by, or the letter of credit maintained
by, Company under the Sponsorship Agreement for those amounts owed to Assignor under the
Sponsorship Agreement.

	 	 	 	 	 	 	 
	 	 	Global Cash Access, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	Signature:  	 	 	 	 
	 

	 	 	 

	 	 
	 

	 	 	Print Name:  	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	Title:	 	 	 
	 

	 	 	 	 

	 	 

 

- 7 -

 

Schedule 1

to 

Assignment and Assumption
Agreement

List of Sponsored BINs/ICAs

ICA [***]

ICA [***]

BIN [***]

BIN [***]

 

1

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