Document:

Prepared by R.R. Donnelley Financial -- Automated Teller Machine Sponsorship Agreement

 Exhibit 10.15 
  
 AUTOMATED TELLER MACHINE 
 SPONSORSHIP AGREEMENT 
  
 THIS AUTOMATED TELLER MACHINE SPONSORSHIP AGREEMENT (“Agreement”) is made this 12th
day of NOVEMBER 2002 (“Effective Date”), by and between Global Cash Access, L.L.C. (“Company”), a Delaware limited liability company, with its principal place of business located at 3525 East Post Road, Suite
120, Las Vegas, Nevada 89120, and Western Union Bank (“Bank”), an industrial bank organized under the laws of the State of Colorado with its principal place of business located at 6200 South Quebec Street, Greenwood Village, CO
80111, with reference to the following: 
  
 RECITALS

  
 Whereas, Company desires to deploy and operate
Automated Teller Machines and point-of-sale terminals (collectively, “ATMs”) in various locations which will be connected to the electronic funds transfer networks (the “Networks”) identified on Schedule A hereto
and as otherwise agreed upon from time to time in writing by the parties, and 
  
 Whereas, Company is ineligible to become a member of, or to participate in, the Networks; and 
  
 Whereas, the Networks permit entities which are not eligible for membership to connect ATMs to the Networks, provided a member of such Network
agrees to assume certain responsibilities to the Networks (“Sponsorship”); and 
  
 Whereas, the Bank is or will become a member of the Networks and may sponsor Company for the purpose of enabling Company to connect its ATMs to the
Networks. 
  
 NOW, THEREFORE, for and in consideration of
the mutual covenants and premises, the promises set forth below, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 DUTIES OF COMPANY 
  
 Section 1. Network Registration 
  
 Company shall complete all registration forms, applications and/or other
documents that are required of the Company by the Networks from time to time. Company shall be solely responsible for all registration costs of Networks and/or ATMs which it may incur during the term of this Agreement Except as otherwise agreed in
writing between the parties, Company shall not be responsible for any costs incurred by Bank in connection with Bank establishing or maintaining its membership in the Networks in good standing or Bank abiding by all of the Network Requirements
applicable to Bank. 
  

 Section 2. ATM Deployment and Operation 
  

	A.	Company will provide and install ATMs in casinos, airports and other business establishments and will be solely responsible for the cost, installation, operation, maintenance and
repair of each ATM including, but not limited to, electrical and communications connections in compliance with the equipment manufacturer specifications and the applicable Network’s operating rules, graphic standards and technical
specifications established by Networks for operation thereof and/or written requirements published by Networks from time to time (collectively, the “Network Requirements”), as may be amended or modified from time to time, all of
which are incorporated herein by reference as if fully set forth herein. Company acknowledges having received a copy of the Network Requirements as of the Effective Date. 

  

	B.	Company shall, upon request by Bank, provide notice to Bank of each ATM location and shall properly register and continue to register each ATM location as may be required by each of
the Networks and/or applicable law or regulation. Bank may, in its sole discretion, decline to sponsor any ATM location into any of the Networks. 

  

	C.	Company shall be responsible for providing all cash, cash servicing, processing services and settlement for each ATM deployed and operated under this Agreement. Company shall
control, in its sole and absolute discretion, the account into which all settlement funds are to be deposited, which account need not be at Bank, provided however, that upon Bank’s request, Company shall inform Bank of the account number and
bank at which such settlement account(s) is maintained. If such services are to be provided to Company through third parties (“Service Provides”), the Company shall, upon request, and subject to any applicable confidentiality
provisions, promptly furnish Bank with the name or names and addresses of any Service Provider through which Company acquires such services and a copy of the agreement between Company and Service Provider pursuant to which such services are provided
(“Provider Agreement”). Company agrees (i) that all Provider Agreements will include a provision requiring that Service Providers agree to promptly furnish Bank with any information requested by Bank relating to the
Sponsorship, the Networks, or the ATMs connected to the Networks hereunder and to otherwise cooperate with the Bank in connection therewith, and (ii) to use its best efforts to cause Service Providers to comply with such provision.

  

	D.	Company shall timely pay all obligations to third parties as they become due, whether arising under the Network Requirements or otherwise, in connection with its provision of cash,
cash servicing, processing services and settlement for ATMs deployed and operated by Company, including but not limited to, obligations to the Networks or any other participant in the Networks. 

  

	E.	 Company agrees, in connection with all of the functions and activities provided for in this Agreement, that it will fully cooperate with Bank in all matters
regarding the performance of this Agreement, including, without limitation, making all appropriate personnel and records available to Bank for purposes of monitoring, auditing, and decision making regarding Bank’s Sponsorship of Company and its
ATMs and to discuss and consult with Bank 

  

	 	 
personnel and implement, to the extent reasonably possible, all decisions and policies requested to be followed by Bank in connection therewith.

  

	F.	Company shall deliver to Bank, within five (5) business days of receipt, a copy of any and all notices or correspondence it receives from (i) any Network, (ii) any federal, state or
local governmental authority, or (iii) any other third party, including, without limitation, any financial or depository institution, relating to a Network, the Sponsorship, ATMs connected to any Network hereunder, or the performance of this
Agreement. 

  

	G.	Company agrees to provide to Bank such reports and other information as reasonably may be requested by Bank from time to time to monitor the activities of Company with respect to
the Sponsorship. In addition, Company shall furnish to Bank, within thirty (30) days of Bank’s written request, an analysis reflecting all transactions of ATMs connected to Networks hereunder for all periods requested and providing information
reasonably specified by Bank relative thereto, all in sufficient information and detail to support an audit, all subject to the applicable confidentiality requirements under the Network Requirements. 

  

	H.	Bank’s Sponsorship of Company and its ATMs hereunder is non-exclusive, and this Agreement shall in no way prohibit Company from obtaining from any third party any other
sponsorship with respect to the Networks or any other electronic funds transfer network. 

  
 Section 3. Scope of Authority 
  
 The authority of Company shall not exceed that which is expressly provided for in this Agreement. It is the intent and purpose of this Agreement that Company shall be and at all times remain only an independent contractor and nothing herein
shall be construed or inferred to create the relationship of employer and employee, partnership, joint venture partner, agency, consultant or any other relationship between Bank and Company. 
  
 Section 4. Sublicense to Use Network Marks 
  
 Bank hereby grants Company a nonexclusive, nontransferable sub-license to
use the trademarks, service marks, names logos or other indicia of origin that have been licensed to Bank by the Networks (collectively, the “Marks”), provided, however, that Company’s use of the Marks is subject to all of the
terms and conditions applicable to Bank’s use of the Marks. A copy of the relevant portions of the agreements pursuant to which the Marks have been licensed to Bank shall be provided to Company. 
  
 Section 5. Regulatory Review 
  
 It is understood and agreed by the parties hereto that the provision of the
Sponsorship services rendered by Bank may be subject to regulation or examination by federal or state regulatory agencies, including, without limitation, the FDIC and the Colorado Division of Banking. Company shall submit and furnish (and shall
require its processors to submit and furnish) to any such agency such reports or other data as shall be reasonably requested by such agency or required under applicable law. Company shall, upon receipt of any such request that is not received by
Company through Bank, notify Bank, and prior to submission of any such 

  

 
reports or data, shall provide the Bank with copies of such submissions, unless otherwise provided by applicable law. 
  
 Section 6. Company Warranties, Representations and Disclosures 
  
 Company warrants and represents to the Bank as follows: 
  

	A.	This Agreement is valid, binding and enforceable against Company in accordance with its terms. 

  

	B.	Company is a limited liability company duly incorporated, validly existing, and in good standing under the laws of the state of its formation and authorized to do business in each
state in which the nature of Company activities make such authorization necessary or required. 

  

	C.	Company has the full power and authority to execute and deliver this Agreement and perform all of its obligations hereunder. The provisions of this Agreement and the performance by
Company of its obligations hereunder are not in conflict with Company’s Certificate of Formation, Limited Liability Company Agreement, or any agreement, contract, lease or obligation to which Company is a party or by which it is bound.

  

	D.	Neither Company nor any principal of Company has been the subject of any (i) criminal conviction (except minor traffic offenses and other petty offenses); (ii) bankruptcy filing or
petition; (iii) federal, state or local tax lien; (iv) administrative or enforcement proceeding commenced by Securities or Exchange Commission, state securities regulatory authority, state gaining authority, the Federal Trade Commission, or any
other state or federal regulatory agency; or (v) restraining order, decree, injunction, or judgment in any proceeding or lawsuit alleging fraud or deceptive practice on the part of Company or any principal thereof. For the purposes of this
subsection, the word “principal” shall include any person directly or indirectly owning five percent (5%) or more of Company, any officer or director of Company, any person actively participating in the control of Company’s business,
and any spouse of any of the foregoing. 

  

	E.	There is not now pending or, to the Company’s knowledge, threatened against the Company or any principal, any litigation or proceeding, judicial, tax or administrative, the
outcome of which might adversely affect the continuing operations of the Company. 

  

	F.	The Company’s financial statements, subject to any limitations stated therein, which have been or which hereafter shall be furnished to the Bank to induce it to enter into the
Agreement and/or continue this Agreement do or will fairly represent the financial condition of the Company, and all other information, reports and other papers furnished the Bank will be, at the time the same are furnished, accurate and complete in
all material respects and complete insofar as completeness may be necessary to give the Bank a true and accurate knowledge of the subject matter, and said statements were prepared in accordance with generally accepted accounting principles.

  

 Section 7. Costs and Expense 
  
 Except as expressly provided herein, Company shall promptly reimburse Bank for any costs and expenses incurred by Bank
directly in connection with Bank’s Sponsorship of Company and its ATMs pursuant to this Agreement. 
  
 Section 8. Use of Bank Marks 
  
 Company shall not use Bank’s trademarks, service marks, names logos or other indicia of origin (the “Bank Marks”) for any reason or use or refer to Bank in any advertisements, sales, presentation or marketing
materials, without the written consent of Bank, which consent shall not be unreasonably withheld. Bank shall have the right to audit and inspect the manner in which Company is using the Bank Marks and approve or disapprove in its sole discretion in
advance any advertising or other materials bearing a Bank Mark prior to the use or distribution of any such material, including without limitation any materials intended to be affixed to ATMs which incorporate any Bank Mark. Company shall submit
samples of such materials to Bank promptly upon Bank’s request. Any use of the Bank Marks by Company shall comply with standards, specifications and directives determined by Bank from time to time in its sole discretion, including quality
standards. Any use of the Bank Marks by Company shall inure to the benefit of Bank. 
  
 Section 9. Compliance 
  
 Company shall comply
with all operating rules and by-laws promulgated by each of the Networks and all federal, state and local laws, regulations and ordinances applicable to Company’s business generally and the performance of its obligations hereunder. 

 
 Section 10. Financial Condition 
  

	A.	Company will promptly give written notice to Bank of any material adverse change in the business, properties, assets, operations or conditions, financial or otherwise, of the
Company, and the pending or overt threat of litigation involving the sum of $1,000,000 or more and of all tax deficiencies and other proceedings before governmental bodies or officials affecting the Company. 

  

	B.	As soon as possible and in any event within sixty (60) days after the end of each quarter, commencing with the Effective Date, Company will provide Bank with a copy of
Company’s balance sheet as of the end of the previous quarter and related profit, loss and surplus statements. 

  
 Section 11. Pledged Account 
  

	A.	 On or prior to the Effective Date, Company shall establish and maintain with the Bank at all times during the term of this Agreement cash on deposit (to be
maintained in a segregated deposit account), obligations of the U.S. or its agencies, or obligations fully guaranteed by the U.S. or its agencies as to principal and interest, in the amount of not less than ten 

  

	 	 
thousand ($10,000) dollars (or such higher amount as determined under Section 11D below) as security for any obligations of Company under this Agreement (the
“Pledged Account”). 

  

	B.	Company shall pledge and assign to Bank, and shall grant to Bank a continuing security interest in, and exclusive possession and control over, all of its right, title and interest
in the Pledged Account, as well as any interest and any other funds added to the Pledged Account which may increase the amount in the Pledged Account. Company shall execute and deliver to the Bank such documentation as may be reasonably required to
facilitate the pledge required by this section. 

  

	C.	Company shall authorize Bank to restrict withdrawals from the Pledged Account until ninety (90) days after this Agreement is terminated and any and all of the obligations of Company
have been paid in full. Bank may withdraw any amounts owed to Bank as a result of Company’s failure to duly perform and observe its obligations under this Agreement. 

  

	D.	The amount required to be maintained in the Pledged Account shall be subject to periodic review by the parties to assure that such amount provides Bank adequate security for any
obligations of Company under this Agreement; provided, however, that such amount may not be increased or decreased without the prior written consent of both Company and Bank. 

  
 Section 12. Compensation to Bank 
  

	A.	For its services under this Agreement, Company shall pay to Bank $0.005 for each completed transaction (regardless of type) that is transmitted through any of the Networks by a
Company ATM that is sponsored by Bank hereunder. Payment shall be made on a monthly basis payable in good funds within thirty (30) days after the last day of the calendar month in which the fee accrued. 

  

	B.	This Agreement and the terms and conditions upon which the Sponsorship services are provided by Bank to Company shall be subject to an annual review by the parties to assure that
such fees are reasonable, competitive and customary in the industry and not materially different from similar fees charged by other providers in the industry; provided, however that such the amount of such fees may not be increased or decreased
without the prior written consent of both Company and Bank. 

  
 DUTIES OF BANK 
  
 Section 13. Network
Membership and ATM Sponsorship 
  

	A.	Bank shall maintain (at its expense) its membership in the Networks in good standing and shall abide by all of the Network Requirements applicable to the Bank; provided,
however, that Bank may elect to terminate its membership at any time by giving Company ninety (90) days notice of its intention to terminate its membership. Nothing herein shall be deemed to obligate the Bank to attempt to maintain membership
in any Network if any Network has elected to terminate the Bank’s membership. Except as otherwise agreed in writing between the parties, Bank shall bear all costs and expenses associated with its obligations under this paragraph.

  

	B.	Bank shall sponsor ATMs deployed by Company and connected to the Networks in accordance with this Agreement, except as otherwise provided for herein. 

  

	C.	Bank shall be under no obligation to provide services beyond the Sponsorship services expressly provided for in this Agreement. 

  

	D.	Company acknowledges that Bank makes no representations or warranties, express or implied, regarding the Networks, the Sponsorship services, the Marks or the Bank Marks, including
without limitation, any warranties regarding quality, suitability, merchantability, fitness for a particular purpose, infringement or otherwise (irrespective of any course of dealing, custom or usage of trade of any services or any goods provided
incidental to the Networks or Sponsorship services), and Company shall not make any statement or take any action that would indicate or imply otherwise. 

  
 TERM OF AGREEMENT; TERMINATION 
  
 Section 14. Term and Termination 
  

	A.	The initial term of this Agreement shall be for a period of two (2) years, commencing on the Effective Date. After the initial term, this Agreement shall continue for successive one
(1) year renewal periods. 

  

	B.	Either party may terminate this Agreement upon providing written notice of termination to the other party at least sixty (60) days prior to the effective date of termination.

  

	C.	Notwithstanding any provision in this Agreement to the contrary, Bank may terminate this Agreement immediately and without notice to Company if (i) its membership in any of the
Networks is involuntarily terminated; (ii) Company fails to comply with any Network Requirements; (iii) Company breaches any provision in this Agreement, which breach remains uncured for fifteen (15) days after written notice; (iv) Company fails to
comply with any federal, state, or local law, regulation or ordinance, which failure to comply remains uncured for fifteen (15) days after written notice (except that 15 days’ notice shall not be required in the event that a restraining order
or similar order has been entered); (v) Company fails to pay any obligation owed to Bank, any Network, any affiliate of a Network, another participant in a Network or its processor, whether such obligation is owed hereunder or under the Network
Requirements; (vi) any financial statement, representation, warranty, statement or certificate furnished to Bank by Company is inaccurate or misleading; (vii) Bank believes, after due inquiry, that continuing this Agreement may cause it to violate
any federal, state, or local law, regulation or ordinance or the Network Requirements; (viii) Company no longer meets a Network’s participation eligibility requirements in effect from time to time; (ix) a Network terminates or suspends the
rights of Company to participate in the Network as a sponsored entity; or (x) Company is the subject of a bankruptcy or insolvency proceeding, or a trustee or receiver has been appointed for any substantial part of Company’s property.

  

	D.	 Company agrees with Bank that its ability to participate in each of the Networks shall terminate upon the earlier of (i) expiration or termination of this Agreement
and (ii) ninety (90) days after expiration or termination of Bank’s membership agreement with such 

  

	 	 
Network unless such Network determines that its is necessary to make termination immediately effective in order to protect the Network, other participants in
the Network or the Network’s parents or affiliates from any substantial harm. 

  
 GENERAL PROVISIONS 
  
 Section 15. Indemnification and Limitation of Liability 
  

	A.	Company shall indemnify and hold harmless Bank, its parent or affiliates, and its or their respective officers, directors, employees and permitted assigns, from and against any and
all direct or contingent liabilities, costs, fees, claims, damages, losses or expenses, and causes of action, including, but not limited to, Networks’ charges and fines, reasonable attorneys fees, judgments and decrees (collectively,
“Claims”), resulting or arising from, caused by or attributable to, any of the following: 

  
 (i) any misrepresentation, breach of warranty or non-fulfillment of any covenant of this Agreement; 
  
 (ii) the failure of Company or its officers, employees, agents (including,
without limitation, any processor or Service Provider) or representatives to abide by any requirement imposed by this Agreement or the Network Requirements; 
  
 (iii) the violation by Company or its employees, agents (including, without limitation, any processor or Service Provider) or representatives of any law,
statute, rule, regulation, judgment, executive order and similar mandate of any federal, state or local governmental authority; 
  
 (iv) the misuse of the Marks by Company or its employees, agents (including, without limitation, any processor or Service Provider) or representatives;

  
 (v) claims asserted by the Networks, any of their affiliates,
all other participants in any of the Networks and their processors, and consumers in connection with Company’s participation in the Networks; or 
  
 (vi) the willful misconduct, fraud, intentional tort or gross negligence of Company or its employees, agents (including, without limitation, any processor
or Service Provider) or representatives involving Company’s use of, or participation in, the Networks. 
  

	B.	Company shall promptly notify Bank of any Claims of which it becomes aware of which may give rise to a right of indemnification pursuant to this Agreement. 

 

	C.	 BANK’S MONETARY LIABILITY TO COMPANY UNDER THIS AGREEMENT SHALL BE LIMITED TO THE LESSER OF TEN THOUSAND DOLLARS ($10,000) OR THE AMOUNT OF ACTUAL DAMAGES
SUFFERED BY COMPANY. IN NO EVENT SHALL BANK, ITS AFFILIATES OR ANY OF ITS OR THEIR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR SUBCONTRACTORS, BE LIABLE UNDER ANY THEORY OF TORT, CONTRACT, STRICT LIABILITY OR OTHER LEGAL OR EQUITABLE THEORY FOR LOST
PROFITS, CONSEQUENTIAL, SPECIAL, 

  

	 	 
INDIRECT, EXEMPLARY, INCIDENTAL, PUNITIVE OR ANY OTHER DAMAGES, EACH OF WHICH IS HEREBY EXCLUDED BY AGREEMENT OF THE PARTIES REGARDLESS OF WHETHER SUCH
DAMAGES WERE FORESEEABLE OR WHETHER EITHER PARTY OR ANY ENTITY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

  
 Section 16. Records and Confidentiality; Auditing Rights 
  

	A.	Company shall maintain transaction records and other data relating to the operation of its ATMs as may be (i) required by applicable laws and regulations, (ii) required by the
Network Requirements; and (iii) reasonably requested by the Bank or the Networks. 

  

	B.	Except as expressly provided for herein, Company shall not disclose any non-public personal information pertaining to a consumer’s account with any third-party;
provided, however, Company may disclose non-public personal information pertaining to a consumer’s account to Bank or the Networks or as necessary to effect, administer or enforce, a transaction, or as otherwise may be required by
law or a court of competent jurisdiction. 

  

	C.	The Bank and its officers, employees and agents, including third party attorneys and accountants and auditors, and regulatory officials with regulatory authority over the Bank,
shall, at the Bank’s sole cost and expense, upon reasonable notice to Company, during business hours or at such other times as might be reasonable under applicable circumstances, have full and complete access to any and all of the operations
and books, systems and records and other information of Company pertaining to its participation in the Networks, wherever such books, systems, records or other information may be kept. 

  
 Section 17. Governing Law and Jurisdiction 
  

	A.	This Agreement shall be governed by and interpreted and construed and the rights and obligations of the parties hereto determined in accordance with the laws of the State of
Colorado. 

  

	B.	Any action brought by either party hereto against the other, arising out of or related in any manner to this Agreement shall be exclusively brought in the appropriate judicial forum
located in Colorado and not in any other state court or in any federal court based on diversity of citizenship. 

  
 Section 18. Severability and Survival 
  

	A.	In the event that any part of this Agreement is ruled by the final, nonappealable order or directive of any court or regulatory authority to be invalid or unenforceable, then this
Agreement shall be automatically modified to eliminate that part which is affected thereby. The remainder of this Agreement shall remain in full force and effect. 

  

	B.	All representations and warranties shall survive the expiration without renewal or earlier termination of this Agreement. 

  
 Section 19. Arbitration 
  
 In the event of any dispute between Bank and Company relating to this Agreement, or their performances hereunder, Bank and
Company agree that such dispute shall be resolved by means of arbitration in accordance with the commercial arbitration rules of the American Arbitration Association (“AAA”) and judgment upon the award rendered by the arbitrator(s)
may be entered in any court of competent jurisdiction. The arbitration decision shall be binding upon the Bank and Company. The arbitrator(s) shall be limited to awarding compensatory damages and shall have no authority to award punitive, exemplary
or similar type damages. 
  
 Section 20. Binding Effect 
  
 This Agreement and the rights and obligations created thereunder shall be
binding upon and inure solely to the benefit of the parties hereto and their permitted assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. Nothing herein expressed or implied is intended or shall be
construed to confer upon or give any rights or remedies as a third party beneficiary, or otherwise, under or by reason of this Agreement to any persons, firm or corporation. 
  
 Section 21. Notices 
  
 All notices, requests, demands and other communications hereunder (i) shall be in writing; (ii) shall be addressed to the parties at the addresses first
set forth (iii) shall be deemed to have been given either when personally delivered or when sent by regular United States mail, in which event it shall be sent postage prepaid upon delivery thereof. All notices, requests, demands and other
communications hereunder if to the Bank shall be marked for the attention of the President and if to Company shall be marked for the attention of the Chief Executive Officer. 
  
 Section 22. Further Assurances 
  
 Each party shall, at the request of the other from time to time after the Effective Date, execute and deliver such other instruments, documents,
certificates, in form and substance reasonably satisfactory to their respective counsel, as may be reasonably necessary to further evidence, perfect, maintain, effectuate, or defend any and all of the respective rights and obligations of the parties
hereunder, including performance of this Agreement. In the event that such further assurance is not forthcoming within a reasonable time of the date of any such request, the other party hereto may take any and all appropriate action to protect its
rights and obligations hereunder. 
  
 Section 23. Force Majeure 

 
 Neither party shall be liable to the other for any claim, damage, loss or
expense arising out of this Agreement if such claim, damage, loss or expense is due in whole or in part to any natural 

  

 
disaster, epidemic, fire, strike, war, terrorism, riot, act of God, court order, statute, governmental regulation, act or order, computer or associated
equipment outages, shortages or significant fluctuations in electric power, or any other cause beyond its reasonable control; provided, however, that nothing in this Section 23 shall excuse Company from promptly paying when due amounts that are due
and owing under the terms of this Agreement. 
  
 Section 24. Entire Agreement;
Waiver and Amendment; Counterparts 
  

	A.	This Agreement constitutes the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersedes and terminates all other prior
commitments, arrangements or understandings, both oral and written, between the parties with respect thereto. 

  

	B.	None of the provisions of this Agreement shall 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 offer of respective party. No waiver of any provision or of the same provision on any occasion shall operate as a waiver on another occasion. 

  

	C.	This Agreement may not be modified, changed, or amended except by an instrument in writing executed by each of the parties hereto. 

  

	D.	This Agreement may be executed and delivered by the parties hereto in any number of counterparts, and by different parties on separate counterparts, each of which counterparts,
taken together, shall constitute but one and the same instrument. 

  
 Section 25. Headings 
  
 The descriptive headings
of this Agreement have been inserted for convenience only and shall not be deemed to limit or otherwise affect the construction of any provision hereof. 
  
 Section 26. Assignment 
  

	A.	Company shall not assign this Agreement without the prior written consent of the Bank, which consent shall not be unreasonably withheld. 

  

	B.	Bank may assign this Agreement to any party upon written notice to Company provided that such assignee of Bank is capable of performing the duties and obligations of Bank hereunder.

  

 IN WITNESS WHEREOF, this Agreement is executed by the parties to be effective as of the date first
set forth above. 
  

									
	 Global Cash Access, L.L.C.
	 	 	 	 Western Union Bank

					
	By:	 	/s/    KIRK SANFORD        	 	 	 	By:	 	/S/    ADAM P.
COYLE        
	 Title:
	 	CEO	 	 	 	 Title:
	 	President

  

 Schedule A 
  
 Networks 
  
 Cirrus (pending application approval) 
 NYCE 
 Plus 
 Star 
  

 FIRST AMENDMENT TO 
 AUTOMATED TELLER MACHINE SPONSORSHIP AGREEMENT 
  
 THIS FIRST AMENDMENT TO AUTOMATED TELLER MACHINE SPONSORSHIP AGREEMENT (“Amendment”) is made this 10th day of March, and amends that certain AUTOMATED TELLER MACHINE SPONSORSHIP AGREEMENT,
dated November 12, 2002, (“Agreement”) by and between Global Cash Access, L.L.C., and First Financial Bank (f.k.a. Western Union Bank), with its principal place of business located at 12500 E. Belford Avenue, Mail Stop M18U,
Englewood, CO 80112, with reference to the following: 
  

	 	1.	Schedule A to the Agreement is hereby amended and restated in its entirety in as follows: 

  
 “Schedule A 
  
 Networks 
  
 NYCE” 
  
 IN WITNESS WHEREOF, this Amendment is executed by the parties to be effective as of the date first set forth above. 
  

									
	 Global Cash Access, L.L.C.
	 	 	 	 First Financial Bank

					
	By:	 	/s/    KIRK SANFORD        	 	 	 	By:	 	/s/    ADAM P. COYLE        
	 Title:
	 	President	 	 	 	 Title:
	 	PresidentPrepared by R.R. Donnelley Financial -- Membership Unit Purchase Agreement, dated as of March 10, 2004

 Exhibit 10.16 
  
 MEMBERSHIP UNIT PURCHASE AGREEMENT 
  

THIS MEMBERSHIP UNIT PURCHASE AGREEMENT (the “Agreement”) is entered into as of March 10, 2004, by and among Bank of America Corporation, a
Delaware corporation (“Purchaser”), M&C International, a Nevada Corporation (“Seller”), and GCA Holdings, LLC, a Delaware limited liability company (“the Company”). 
  
 RECITALS 
  
 WHEREAS, Global Cash Access, L.L.C., a Delaware limited liability company (“GCA”), Seller, FDFS Holdings LLC, a
Delaware limited liability company (“FDFS Holdings LLC”), First Data Corporation, a Delaware corporation, Karim Maskatiya and Robert Cucinotta entered into a Restructuring Agreement dated December 10, 2003, as amended January 20, 2004,
February 20, 2004 and March 3, 2004 (the “Restructuring Agreement”) in order to recapitalize and restructure GCA’s membership (the “Recapitalization”). 
  
 WHEREAS, in connection with the Recapitalization: (1) FDFS Holdings LLC and Seller will transfer all of the outstanding
membership and economic interests in GCA to the Company and the Company will be substituted as the sole member of GCA, (2) all of FDFS Holdings LLC’s membership interests in the Company will be repurchased or redeemed for up to $435.6 million
(the “FDFS Redemption”), and (3) the Company will redeem certain membership interests in the Company held by M&C International. 
  
 WHEREAS, in connection with the Recapitalization, M&C International desires to sell to Purchaser, and Purchaser desires to purchase from M & C
International, a portion of M & C International’s membership interests in the Company so that, concurrent with the consummation of the transactions contemplated by the Restructuring Agreement, Purchaser shall acquire a 4.99 percent (4.99%)
ownership interest in the Company, and M&C International will contribute all of its capital stock of CashCall Systems, Inc. to GCA. All of the transactions described in this recital and the two preceding recitals and the transactions related
thereto are referred to herein as the “Recapitalization.” 
  
 WHEREAS, concurrent with the Closing (as defined below), GCA will enter into a senior secured credit facility, consisting of up to $280.0 million in senior secured credit facilities, comprised of (i) a term loan facility of up to $260.0
million (the “Term Loan Facility”) and (ii) a revolving credit facility of up to $20.0 million, (the “Credit Facility”). 
  
 WHEREAS, immediately after the Closing, GCA will receive at least $235 million in gross cash proceeds from the issuance and sale of senior subordinated
notes due 2012 (the “Notes”) pursuant to that certain Purchase Agreement, dated as of March 4, 2004, by and among GCA, Global Cash Access Finance Corporation, a Delaware corporation, as co-obligor, and Banc of America Securities LLC (the
“Notes Purchase Agreement”). 
  
 WHEREAS, GCA will use
the net proceeds from the issuance and sale of the Notes, along with borrowings under the Credit Facility, to consummate the Recapitalization. 
  

 WHEREAS, Seller wishes to sell to Purchaser, and Purchaser wishes to purchase from Seller 27.445 units of
membership interest in the Company (the “Transferred Units”), which Transferred Units will represent a fully diluted 4.99% membership interest in the Company immediately after the Closing. 
  
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set
forth, the parties to this Agreement hereby agree as follows: 
  
 AGREEMENT 
  
 1. Unit Purchase. 

 
 1.1 Sale. At the Closing, Seller shall sell,
assign, transfer and deliver to Purchaser, and Purchaser shall purchase from the Seller, the Transferred Units on the terms and subject to the conditions set forth in this Agreement. The aggregate purchase price payable by the Purchasers for the
Transferred Units shall be $20,209,500 (the “Purchase Price”). The Purchase Price shall be paid by the Purchaser to the Seller in accordance with the terms as set forth in Section 1.2. 
  
 1.2 Payment of Purchase Price. The Purchase Price
shall be payable in the form of two secured non-recourse promissory notes. At the Closing, Purchaser shall pay to Seller the Purchase Price through delivery of the following: 
  
 (a) A secured non-recourse promissory note in the principal amount equal to $8,100,000 of the Purchase Price
in the form of Exhibit A attached hereto (the “2.0% Note”) for the purchase of 11 units of membership interest in the Company (the “2.0% Units”); and 
  
 (b) A secured non-recourse promissory note in the principal amount of equal to $12,109,500 of the Purchase
Price in the form of Exhibit B attached hereto (the “2.99% Note”) for the purchase of 16.445 units of membership interest in the Company (the “2.99% Units”). 
  
 The 2.0% Note and the 2.99% Note shall be referred to herein collectively as the “Notes.” 
  
 1.3 Pledge Agreements. The Notes shall be secured by
a pledge of the Transferred Units as follows: 
  
 (a) The 2.0% Note shall be secured by a membership pledge agreement whereby Purchaser grants to Seller a security interest in the 2.0% Units purchased pursuant to this Agreement (the “2.0% Pledge Agreement”) in the form of
Exhibit C attached hereto; and 
  
 (b) The
2.99% Note shall be secured by a membership pledge agreement whereby Purchaser grants to Seller a security interest in the 2.99% Units purchased pursuant to this Agreement (the “2.99% Pledge Agreement”) in the form of Exhibit D
attached hereto. 
  

 2 

 The 2.0% Pledge Agreement and the 2.99% Pledge Agreement shall be referred to herein collectively as the “Pledge
Agreements.” 
  
 1.4 Member Approval.
By executing this Agreement, Seller, as a member of the Company, hereby approves: (a) the transfer by Seller of the Transferred Units to the Purchaser pursuant to this Agreement, (b) the execution and performance of this Agreement and the
consummation of the transactions contemplated by this Agreement; and (c) the admission of the Purchaser as a member of the Company. 
  
 1.5 Company Approval. The Company hereby: (a) consents to the sale of the Transferred Units contemplated by this Agreement; (b) the
admission of Purchaser as a member of the Company; and (c) waives any restriction or prohibition on such transfer set forth in the Limited Liability Company Agreement dated March 10, 2004, between Seller and FDFS Holdings LLC, as amended from time
to time (the “LLC Agreement”). 
  
 2. The
Closing. 
  
 2.1 Closing. The closing
(the “Closing”) shall take place at the offices of                             , at
             a.m. (Eastern Standard Time) immediately prior to the closing of the FDFS Redemption contemplated by the Restructuring Agreement, or at such other place or time as the
Company, Seller and the Purchaser may mutually agree (such date is hereinafter referred to as the “Closing Date”). Notwithstanding the foregoing, in no event shall the Closing hereunder occur after the closing of the FDFS Redemption.

  
 2.2 Documents Delivered by Purchaser At
Closing. At the Closing, the Purchaser shall deliver to Seller the following items duly executed by Purchaser: 
  
 (a) 2.0% Note; 
  
 (b) 2.99% Note; 
  
 (c) 2.0% Membership Unit Pledge Agreement; 
  
 (d) 2.99% Membership Unit Pledge Agreement; 
  
 (e) Assignment of Membership Interest in the form of Exhibit E attached hereto (the “Membership Assignment”); and

  
 (f) certificate of an officer of Purchaser
certifying as to the accuracy of matters set forth in Section 6.1(a). 
  
 2.3 Documents Delivered by Seller At Closing. At the Closing, the Seller shall deliver to Purchaser the following items duly executed by Seller: 
  
 (a) a certificate representing the 2.0% Units sold to Purchaser pursuant to Section 1; 
  

 3 

 (b) a certificate representing the 2.99% Units sold to Purchaser pursuant to Section 7;

  
 (c) Membership Assignment; and 
  
 (d) Certificate of officer certifying as to the accuracy of
the matters set forth in Section 6.2(a). 
  
 2.4
Deliveries by the Company. Immediately after the Closing, the Company shall: (a) deliver to Purchaser new certificates evidencing the Transferred Units issued in the name of Purchaser; (b) reflect the transfer of the Transferred Units to
Purchaser on its records; and (c) deliver such other documentation reasonably necessary to transfer the Transferred Units in accordance with this Agreement. 
  
 3. Seller Representations. Seller hereby represents to Purchaser as follows: 
  
 3.1 Organization. Seller is a corporation duly formed and validly existing and in good standing under
the laws of the State of Nevada, and has the requisite corporate power and authority to own, lease and operate its assets and to carry on its business as it is now being conducted. 
  
 3.2 Authority. Seller has full right, power and authority to execute and deliver this Agreement and
to perform its obligations hereunder in accordance with the terms hereof and thereof. The execution, delivery and performance by Seller of this Agreement has been duly authorized and approved by Seller, if applicable, and do not require any further
authorization or consent. This Agreement has been duly executed and delivered by Seller and (assuming the valid authorization, execution and delivery of this Agreement by Purchaser) constitutes the legal, valid and binding obligation of Seller
enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting creditors’ rights generally and by general principles of
equity. 
  
 3.3 No Conflict. Seller has
not granted any options of any sort with respect to the Transferred Units or any right to acquire any part of the Transferred Units. Neither Seller nor its Affiliates has entered into any agreement, arrangement, commitment or understanding, and
Seller is not bound by any judgment or order of any court or governmental authority, which restricts Seller’s ability to sell the Transferred Units as provided herein. Other than the Company’s Limited Liability Company Agreement, there are
no agreements to which Seller is a party which impose restrictions on transfer of the Transferred Units. The execution and delivery of this Agreement by Seller, the performance by it of its obligations hereunder and the consummation of the
transactions contemplated in this Agreement will not (i) contravene any provision of its organizational documents, or (ii) require the consent, approval, authorization or permit of, or filing with or notification to, any governmental authority, any
court or tribunal or any other person, except for post closing notifications to gaming regulatory authorities in jurisdictions where the Company does business. Subject to Purchaser’s payment for the Transferred Units as provided herein,
delivery of a certificate for the Transferred Securities will pass valid title thereto free and clear of any security interest, lien, charge, pledge, encumbrance, 

  

 4 

 
mortgage, adverse claim or title retention agreement of any nature or kind other than any Security Interest created by Purchaser under this Agreement and the
Pledge Agreement. No person, other than Purchaser under this Agreement, has any option, right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement for the purchase from Seller of any of the Transferred Units.
For purposes of this Agreement, “Affiliate” shall mean any person which, directly or indirectly, controls, is controlled by or is under common control with another person (“control,” “controlled by” and “under
common control with” with respect to any person meaning for the purposes of the foregoing the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person, whether through the
ownership of voting securities or by contract or otherwise). 
  
 3.4 No Violation, Litigation or Regulatory Action. There are no lawsuits, claims, suits, proceedings or investigations pending or, to the knowledge of Seller or its Affiliates, threatened, relating to the sale of the
Transferred Units to Purchaser. 
  
 3.5 No
Other Approvals or License Required. No consent, approval, permit, license, qualification finding of suitability, registration or filing with any governmental or regulatory authority or agency, including, without limitation, any gaming
regulatory authority or agency, is required on a mandatory basis by Purchaser in connection with the execution and delivery of this Agreement by Seller, the performance of its obligations hereunder and the consummation of the transactions
contemplated by this Agreement, except such as have been made or obtained and are in full force and effect and except for requests for waivers of qualification or suitability for institutional investors or licensed financial institutions that are
not unduly burdensome to Purchaser. 
  
 4. Purchaser
Representations. Purchaser hereby represents to Seller as follows and to the Company as to Sections 4.4 through 4.10: 
  
 4.1 Organization. Purchaser is a corporation duly formed and validly existing and in good standing under the laws of the State of
Delaware, and has the requisite corporate power and authority to own, lease and operate its assets and to carry on its business as it is now being conducted. 
  

4.2 Authority. Purchaser has full right, power and authority to execute and deliver this Agreement, and to perform its
obligations hereunder and thereunder in accordance with the terms hereof and thereof. The execution, delivery and performance by Purchaser of this Agreement, have been duly authorized and approved by Purchaser, if applicable, and do not require any
further authorization or consent. This Agreement, the Notes and Pledge Agreements have been duly executed and delivered by Purchaser and (assuming the valid authorization, execution and delivery of this Agreement by each of the other parties hereto)
constitute the legal, valid and binding obligation of Purchaser enforceable in accordance with their respective terms, in each case except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws relating to or affecting creditors’ rights generally and by general principles of equity. 
  

 5 

 4.3 No Conflicts. Purchaser has the full right, power, and authority to enter
into, and perform its obligations under this Agreement. Purchaser has not entered into any agreement, arrangement, commitment or understanding, and Purchaser is not bound by any judgment or order of any court or governmental authority, which
restricts Purchaser’s ability to purchase the Transferred Units as provided herein or to carry out its obligations hereunder or under the Notes or Pledge Agreements. The execution and delivery of this Agreement by Purchaser, the performance by
it of its obligations hereunder and the consummation of the transactions contemplated in this Agreement will not (i) contravene any provision of its organizational documents, or (ii) require the consent, approval, authorization or permit of, or
filing with or notification to, any governmental authority, any court or tribunal or any other person; provided that Purchaser makes no representation with respect to any consent, approval, authorization or permit of, or filing with or notification
to, any governmental authority, including without limitation any gaming regulatory authority, arising solely out of the nature of the business of the Company, including without limitation the Company’s gaming business. 
  
 4.4 Purchasing for Own Account. This Agreement is
made in reliance upon the Purchaser’s representation to Seller and the Company, which by its acceptance hereof Purchaser hereby confirms, that the Transferred Units to be received by it will be acquired for investment for its own account, not
as a nominee or agent, and not with a view to the sale or distribution of any part thereof, but subject nevertheless to any requirement of law that the disposition of its property shall at all times be within its control. 
  
 4.5 Transferred Units Not Registered. Purchaser
understands that the Transferred Units are not registered under the Securities Act of 1933, as amended (the “1933 Act”), on the basis that the sale provided for in this Agreement and the issuance of securities hereunder is exempt from
registration under the 1933 Act. Purchaser understands that the Transferred Units may not be sold, transferred, or otherwise disposed of without registration under the 1933 Act or an exemption therefrom, and that in the absence of an effective
registration statement covering the Transferred Units or an available exemption from registration under the 1933 Act, the Transferred Units must be held indefinitely. In particular, Purchaser is aware that the Transferred Units may not be sold
pursuant to Rule 144 promulgated under the 1933 Act unless all of the conditions of the applicable Rules are met. Among the conditions for use of Rule 144 is the availability of current information to the public about the Company. Such information
is not now available, and the Company has no present plans to make such information available. Purchaser represents that, in the absence of an effective registration statement covering the Transferred Units, it will sell, transfer, or otherwise
dispose of the Transferred Units only in accordance with the provisions of Section 7.2 hereof and the limitations and restrictions set forth in the LLC Agreement. 
  
 4.6 Limited Liability Company Agreement. Purchaser represents and warrants that Purchaser has
reviewed the LLC Agreement, a true and correct copy as of the Closing is attached hereto as Exhibit F, and agrees to be bound by its terms. 
  
 4.7 Purchaser Bears Economic Risk. Purchaser represents and warrants that Purchaser has substantial experience in evaluating and
investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and 

  

 6 

 
risks of its investment in the Company and has the capacity to protect its own interests. Purchaser must bear and is able to bear the economic risk of this
investment indefinitely unless the Transferred Units are registered pursuant to the 1933 Act, or an exemption from registration is available. Purchaser understands that the Company has no present intention of registering the Transferred Units, or
any of the Company’s membership units. Purchaser also understands that there is no assurance that any exemption from registration under the 1933 Act will be available and that, even if available, such exemption may not allow Purchaser to
transfer all or any portion of the Transferred Units under the circumstances, in the amounts or at the times Purchaser might propose. 
  
 4.8 Purchaser Can Protect Its Interest. Purchaser (i) has knowledge and experience in financial and business matters such that
Purchaser is capable of evaluating the merits and risks of the purchase of the Transferred Units as contemplated by this Agreement and (ii) is able to bear the economic risk of the investment in the Transferred Units. 
  
 4.9 Company Information. Purchaser represents and
warrants that Purchaser has received and read the financial statements of GCA and has had an opportunity to discuss the Company’s business, management and financial affairs with Management Committee members, officers and management of GCA and
the Company and has had the opportunity to review the operations and facilities of the Company and its subsidiaries. Purchaser has also had the opportunity to ask questions of and receive answers from, the Company and its management regarding the
terms and conditions of this investment. 
  
 4.10
Accredited Investor. Purchaser represents and warrants that it is an “accredited investor” within the meaning of Securities and Exchange Commission Rule 501 of Regulation D. 
  
 5. Company Representations. The Company herby represents to
Purchaser and Seller as follows: 
  
 5.1
Organization. The Company is a limited liability company duly formed and validly existing and in good standing under the laws of the State of Nevada, and has the requisite power and authority to own, lease and operate its assets and to carry
on its business as it is now being conducted. 
  
 5.2 Authority. The Company has full right, power and authority to execute and deliver this Agreement and to perform its obligations hereunder in accordance with the terms hereof and thereof. The execution, delivery and performance by
the Company of this Agreement has been duly authorized and approved by the Company, if applicable, and do not require any further authorization or consent. This Agreement has been duly executed and delivered by the Company and (assuming the valid
authorization, execution and delivery of this Agreement by Purchaser) constitutes the legal, valid and binding obligation of the Company enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or affecting creditors’ rights generally and by general principles of equity. 
  

 7 

 5.3 Capitalization. On the Closing Date, upon consummation of the
Recapitalization, the membership units of the Company will be owned as follows: 
  

						
	 Unitholder

	  	Number of Units

	  	Percentage Interest

	 
	 M & C International
	  	522.555	  	95.01	%
	 Bank of America Corporation
	  	27.445	  	4.99	%
	 Totals
	  	550.000	  	100.00	%

  
 5.4
No Consents. The execution and delivery of this Agreement by the Company, the performance by it of its obligations hereunder and the consummation of the transactions contemplated in this Agreement will not (i) contravene any provision of its
organizational documents or (ii) require the consent, approval, authorization or permit of, or filing with or notification to, any governmental authority, any court or tribunal or any other person, except for post closing notifications to gaming
regulatory authorities in jurisdictions where the Company does business. 
  
 6. Conditions to Closing. 
  
 6.1 Condition to Seller’s Obligations. The obligation of Seller and the Company to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction (or written waiver by
Seller), on or prior to the Closing Date, of the following conditions: 
  
 (a) There shall have been no breach by Purchaser in the performance of any of its covenants and agreements herein; each of the representations and warranties of Purchaser shall be true and correct on the Closing Date,
and there shall have been delivered to Seller a certificate to such effect, dated the Closing Date, signed by Seller. 
  
 (b) No action, suit or proceeding by any governmental body, including without limitation any gaming regulatory authority, or court shall
have been instituted or threatened to restrain, prohibit or otherwise challenge the legality or validity of the transactions contemplated hereby. 
  
 6.2 Conditions to Purchaser’s Obligations. The obligations of Purchaser and the Company to consummate the transactions
contemplated by this Agreement shall be subject to the satisfaction (or written waiver by Purchaser on or prior to the Closing Date, of the following conditions: 
  
 (a) There shall have been no breach by Seller in the performance of any of its covenants and agreements
herein; each of the representations and warranties of Seller shall be true and correct on the Closing Date, and there shall have been delivered to Seller a certificate to such effect, dated the Closing Date, signed by Seller. 
  
 (b) No action, suit or proceeding by any governmental body,
including without limitation any gaming regulatory authority, or court shall have been instituted or threatened to restrain, prohibit or otherwise challenge the legality or validity of the transactions contemplated hereby. 
  

 8 

 7. Other Agreements. 
  
 7.1 Piggyback Registration Rights. The Company and Seller hereby agree that if the Company grants an
equity investor in the Company “piggy-back” registration rights with respect to such investor’s equity investment in the Company, then Purchaser shall be granted “piggy-back” registration rights with respect to the
Transferred Units at least as favorable as those rights granted to such equity investor. 
  
 7.2 Transfer Requirements. Subject to the pledge contemplated by Section 1.3 of this Agreement, Purchaser agrees that in no event
will it make a transfer or disposition of any of the Transferred Units (other than pursuant to an effective registration statement under the 1933 Act), unless and until, if requested by the Company, at the expense of Purchaser or transferee,
Purchaser (i) Purchaser shall have notified the Company of the proposed disposition, and (ii) shall have furnished to the Company either (A) an opinion of counsel, reasonably satisfactory to the Company, to the effect that such transfer may be made
without registration under the 1933 Act or (B) a “no action” letter from the Securities and Exchange Commission to the effect that the transfer of such securities without registration will not result in a recommendation by the staff of the
Securities and Exchange Commission that action be taken with respect thereto. Notwithstanding anything to the contrary contained herein, Purchaser is permitted to make a transfer or disposition of the Transferred Units to an Affiliate provided that
such transfer complies with the terms of the LLC Agreement and such Affiliate assignee assumes all obligations of Purchaser under this Agreement, the Pledge Agreement and the Note, including making the representations set forth at Article 4 of this
Agreement. 
  
 7.3 Lock-Up Agreement.
Purchaser, if requested by the Company and the lead underwriter of any public offering of securities of the Company (the “Lead Underwriter”), hereby irrevocably agrees not to sell, contract to sell, grant any option to purchase, transfer
the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose (other than any such sale, grant, transfer, pledge or other disposition by Purchaser to an Affiliate) of any interest in any securities during the
period of duration following the effective date of a registration statement of the Company filed under the Securities Act specified by the Company and the Lead Underwriter but in no event exceeding a maximum period of 180 days (the “Lock-Up
Period”); provided that no such lock-up agreement may be imposed on Purchaser unless all beneficial holders of 5% or more of the membership units of the Company are also subject to a lock-up agreement of no shorter duration and on terms no less
onerous than those imposed on Purchaser. Purchaser further agrees to sign such documents as may be requested by the Lead Underwriter to effect the foregoing and agrees that the Company may impose stop-transfer instructions with respect to such
securities subject until the end of the Lock-Up Period. The Company and Purchaser acknowledge that each Lead Underwriter of a public offering of the Company’s securities, during the period of such offering and the Lock-Up Period thereafter, is
an intended beneficiary of this Section 7.3. 
  

 9 

 8. Legends. 
  
 8.1 Specific Legends. All certificates for the Transferred Units shall bear substantially the
following legends: 
  
 THE UNITS REPRESENTED BY THIS CERTIFICATE
HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. OTHER THAN THE PLEDGE OF THE UNITS REPRESENTED BY THIS
CERTIFICATE PURSUANT TO A PLEDGE AGREEMENT WITH M&C INTERNATIONAL, UNITS MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF
COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR AN SEC “NO ACTION” LETTER STATING THAT THE TRANSFER OF THE UNITS REPRESENTED BY THIS CERTIFICATE WITHOUT REGISTRATION WILL NOT RESULT IN AN SEC
RECOMMENDATION THAT ACTION BE TAKEN WITH RESPECT THERETO. 
  
 THE
UNITS REPRESENTED BY THIS CERTIFICATE ARE AND SHALL BE CERTIFICATED SECURITIES GOVERNED BY ARTICLE 8 OF THE DELAWARE UNIFORM COMMERCIAL CODE. 
  
 8.2 General Legends. The certificates for Transferred Units shall also bear any other legends required by applicable state
corporate securities laws. 
  
 8.3 Company
Ledger. In addition, the Company shall make a notation regarding the restrictions on transfer of the Transferred Units in its books, and Transferred Units shall be transferred on the books of the Company only if (i) such transfer complies with
Section 7.2 hereof or (ii) transferred or sold pursuant to an effective registration statement under the 1933 Act covering such Transferred Units and in accordance with the terms of the LLC Agreement. 
  
 9. Miscellaneous. 
  
 9.1 Further Assurances. Each party shall execute and
deliver such additional instruments and other documents and shall take such further actions as may be necessary or 

  

 10 

 
appropriate to effectuate, carry out and comply with all of the terms of this Agreement and the transactions contemplated hereby. 
  
 9.2 Governing Law. This Agreement shall be governed
by and construed under the laws of the State of New York as applied to agreements among New York residents entered into and to be performed entirely within New York. 
  
 9.3 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their successors. Notwithstanding the foregoing and except as provided in Section 7.4(g), none of the parties may not assign, transfer, hypothecate or otherwise convey its rights, benefits, obligations or duties (each a
“transfer”) hereunder without the prior express written consent of Seller in the case of Purchaser or Purchaser in the case of the Company or Seller; provided that Seller and the Company may transfer to Affiliates without the prior consent
of Purchaser. 
  
 9.4 Amendment. This
Agreement may be amended only by a written agreement executed by each of the parties hereto. 
  
 9.5 Waiver. Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the party or
parties entitled to the benefit thereof. Any such waiver shall be validly and sufficiently authorized for the purposes of this Agreement if, as to any party, it is authorized in writing by an authorized representative of such party. The failure of
any party hereto to enforce at any time any provision of this Agreement shall not be construed to be a waiver of such provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of any party thereafter to
enforce each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a waiver of any other or subsequent breach. 
  
 9.6 Attorneys Fees. In the event of any suit, action or proceeding brought by any party for the breach by any other party of any
term hereof, or to enforce any provision hereof, each party shall be responsible for bearing its own costs and expenses. 
  
 9.7 Exhibits. All Exhibits hereto shall be deemed to be a part of this Agreement and are fully incorporated in this Agreement by
this reference. 
  
 9.8 Partial
Invalidity. Wherever possible, each provision hereof shall be interpreted in such manner as to be effective and valid under applicable law, but in case any one or more of the provisions contained herein shall, for any reason, be held to be
invalid, illegal or unenforceable in any respect, such provision shall be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such invalid, illegal or
unenforceable provision or provisions or any other provisions hereof, unless such a construction would be unreasonable, unless the ineffectiveness or invalidity of such provision would result in one or more of the parties hereto being deprived of a
right constituting a fundamental benefit of its bargain hereunder. 
  

 11 

 9.9 Survival of Obligations. All representations, warranties, covenants and
obligations contained in this Agreement shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. 
  
 9.10 Notices. All notices or other communications required or permitted hereunder shall be in writing
and shall be deemed given or delivered when delivered personally, by courier or facsimile transmission or mailed (first class postage prepaid) to the parties at the addresses or facsimile numbers set forth below: 
  
 If to Seller, to: 
  
 M&C International 
 2350 Mission College Blvd., Suite 200 
 Santa
Clara, CA 95054 
 Telephone: (408) 492-0034 
 Facsimile: (408) 492-9644 
 Attention: Karim Maskatiya 
  
 with a copy to: 
  
 Morrison & Foerster LLP 
 755 Page Mill Road 
 Palo Alto, CA 94304-1018

 Telephone: (650) 813-5615 
 Facsimile: (650) 494-0792 
 Attention: Paul “Chip” L. Lion III 
  
 If to Purchaser, to: 
  
 Bank of America Corporation 
 600 Montgomery Street 
 San Francisco, CA
94111 
 Fax: (415) 913-6807 
 Telephone: (415) 913-6079 
 Attention: Gary M. Tsuyuki 
  
 With a copy to: 
  
 Fried, Frank, Harris, Shriver & Jacobson LLP 
 One New York Plaza 
 New York, NY 10004 
 Telephone: (212) 859-8000 
 Facsimile: (212) 859-4000 
 Attention: Jeffrey Bagner and Michael Levitt 
  

 12 

 9.11 No Third Party Beneficiaries. Except as expressly provided herein, this
Agreement does not create any rights, claims or benefits inuring to any Person that is not a party hereto or establish any third-party beneficiary of any of the obligations of the parties set forth herein. 
  
 9.12 Entire Agreement. This Agreement and the
documents referred to herein and therein, and incorporated herein and therein by this reference, constitute the entire agreement among the parties and no party shall be liable or bound to any other party in any manner by any warranties,
representations, or covenants except as specifically set forth herein or therein. 
  
 9.13 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Membership Unit Purchase Agreement as of
the date first above written. 
  

									
	 PURCHASER
	 	 	 	 SELLER

			
	 Bank of America Corporation
	 	 	 	 M & C International

					
	By:	 	/s/    KAREN A. GOSNELL        	 	 	 	By:	 	/s/    KARIM MASKATIYA        
	 Title:
	 	Senior Vice President	 	 	 	 Title:
	 	President
			
	 COMPANY
	 	 	 	 
			
	 GCA Holdings, L.L.C.
	 	 	 	 
					
	By:	 	/s/    KIRK SANFORD        	 	 	 	 	 	 
	 Title:
	 	President	 	 	 	 	 	 

  

 Exhibits 
  

			
	Exhibits

	  	 Title

		
	Exhibit A	  	2.0% Note
		
	Exhibit B	  	2.99% Note
		
	Exhibit C	  	2.0% Pledge Agreement
		
	Exhibit D	  	2.99% Pledge Agreement
		
	Exhibit E	  	Membership Assignment
		
	Exhibit F	  	Amended and Restated Limited Liability Company Agreement

  

 EXHIBIT A 
  

2.0% Note 
  

 EXHIBIT B 
  

2.99% Note 
  

 EXHIBIT C 
  

2.0% Pledge Agreement 
  

 EXHIBIT D 
  

2.99% Pledge Agreement 
  

 EXHIBIT E 
  
 ASSIGNMENT OF MEMBERSHIP INTEREST 
 IN

 GCA HOLDINGS, L.L.C. 
  
 M & C International, a Nevada corporation (“Assignor”) hereby assigns, transfers, grants and conveys to Bank of America Corporation, a
Delaware Corporation (“Assignee”), all of the Assignor’s right, title and interest in and to 27.445 units of membership interest (the “Transferred Units”) in that certain limited liability company known as GCA Holdings,
L.L.C., a Delaware limited liability company (the “Company”) and does hereby irrevocably constitute and appoint the President of the Company attorney to transfer the said Transferred Units in the books of the Company with full power of
substitution. 
  
 It is Assignor’s intent that Assignee
succeed to the Assignor’s interest as a substituted Member within the meaning of the Limited Liability Agreement of the Company (the “LLC Agreement”). Assignee hereby accepts this Assignment and agrees to become a Member and, by doing
so, agrees to be bound by the provisions of the LLC Agreement as a Member. 
  
 This Assignment may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. 
  
 Executed as of March     , 2004. 
  

											
	 “ASSIGNOR”
	 	 	 	 “ASSIGNEE”

			
	 M & C International
	 	 	 	 Bank of America Corporation

			
	
	 	 	 	

			
	
	 	 	 	

	 (Print name and title)
	 	 	 	 (Print name and title)

				
	 ACKNOWLEDGMENT:
	 	 	 	 	 	 
				
	 GCA Holdings, L.L.C.
	 	 	 	 	 	 
					
	By	 	 	 	 	 	 	 	 
				
	 	 	 	 	 	 	 
	 (Print name and title)
	 	 	 	 	 	 

  

 EXHIBIT F 
  

Amended and Restated Limited Liability Company Agreement of GCA Holdings, L.L.C.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]