Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.27

	AWARD/Contract 1. THIS CONTRACT IS A RATED ORDER
UNDER DPAS (15 CFR 350) RATING PAGE OF PAGES
1 21
2. Contract (Proc. Inst, Ident.) No.
V81XWH-06-C-0386 3. EFFECTIVE DATE
15 AUG 2006 4. REQUISITION/PURCHASE REQUEST/PROJECT NO.
W81WH6194M344
5. ISSUED BY            CODE            W81XWH
USA MED RESEARCH ACQ ACTIVITY
820 CHANDLER ST
FORT DETRICK, MD 21702-5014 6. ADMINISTERED BY (If other than Item 5)
USA MED RESEARCH ACQ ACTIVITY
ATTN: KATHY GUERTIN
301-619-7434
KATHY.GUERTIN@DET.AMEDD.ARMY.MIL
FORT DETRICK MD 21702
7. NAME AND ADDRESS OR CONTRACTOR (No., street. City, county, state and zip code)
IONFINITY LLC
2400 LINCOLN AVE
ALTADENA, CA 90001-5436 8. DELIVERY
___FOB ORIGIN ___X___OTHER (See Below)
9. DISCOUNT FOR PROMPT PAYMENT
NET 15
10. SUBMIT INVOICES 1
(4 copies unless otherwise specified
TO THE ADDRESS SHOWN IN : ITEM
BLOCK 6
CODE 1ZBL9 FACILITY CODE
11. SHIP TO/MARK FOR            CODE W23RYX
USA MED RESEARCH AND MATERIAL COM
JUANITA LIVINGSTON
504 SCOTT STREE
FORT DETRICK MD 21702-5012 12. PAYMENT WILL BE MADE BY
CODE            HQ0303
DEFENSE FINANCE AND ACOUNTING SERVICE
DFAS ROCK ISLAND
ROCK ISLAND FIELD
CUSTOMER SVC: 1-888-332-7742
ROCK ISLAND IL 61299-8000
13. AUTHORITY FOR USING OTHER THAN FULL AND OPEN COMPETITION
[10 U.S.C. 2304 (c) ( ) [41 U.S.C. 253 (c) ( ) 14 ACCOUNTING AND APROPRIATION DATA
See Schedule
15A. ITEM NO 15B. SUPPLIES/SERVICES 15 C. QUANITTY 15D. UNIT 15E. UNIT PRICE 15F. AMOUNT
SEE SCHEDULE
15G TOTAL AMOUNT OF CONTRACT $99,998.00
16. TABLE OF CONTENTS
(X) SEC DESCRIPTION PAGE(S) (X) SEC DESCRIPTION PAGE(S)
PART I- THE SCHEDULE PART II- CONTRACT CLAUSE
X A SOLICITATION.CONTRACT FORM 1-2 X I CONTRACT CLAUSES 18-20
X B SUPPLIES OR SERVICES AND PRICES 3-4 PART III- LIST OF DOCUMETNS, EXHIBITS AND OTHER ATTACHMENTS
X C DESCRIPTION/SPECS/WORK STATEMENT 5-8 X J LIST OF ATTACHMENTS 21
X D PACKING AND MARKING 9 PART IV- REPRESENTATIONS AND INSTRUCTIONS
X E INSPECTION AND ACCEPTANCE 10 K PREPRESENTATIONS, CERTIFICATIONS AND OTHER STATEMENTS OF
OFFERORS
X F DELIVERIES OR PERFORMANCE 11-15 L INSTRS., COND., AND NOTICES TO OFFERORS
X G CONTRACT ADMINISTRATION DATA 16-17 M EVALUATION FACTORS FOR AWARD
H SPECIAL CONTRACT REQUIRMENTS
CONTRACTING OFFICER WILL COMPLETE ITEM 17 OR 18 AS APPLICABLE
17. [ ] CONTRACTOR’S NEGOTIATED AGREEMENT (Contractor is required to sign this document and
return            copies to issuing office.) Contractor agrees to furnish and deliver all items or
perform all the services set forth or otherwise identified above and on any continuation sheets for
the consideration stated herein. The rights and obligations of the parties to this contract shall
be subject to and governed by the following documents: (a) this award/contract, (b) the
solicitation, if any, and (c) such provisions, representations, certifications, and specifications,
as are attached or incorporated by reference herein.
(Attachments are listed herein.) 18. [ ] AWARD Contractor is not required to sign this
document.) Your offer on Solicitation Number
Including the additions or changes made by you which additions or changes are set forth in full
above, is hereby accepted as to the items listed above and any continuation sheets. This award
consummates the contract which consists of the following documents: (a) the Governments
solicitation and your offer, and (b) this award/contract. No further contractual documentation is
necessary.
19A. NAME AND TITLE OF SIGNER (Type or print) 20A. NAME AND TITL
E OF CONTRACTING OFFICER
JAMES WATKINS / CONTRACT SPECIALIST
TEL: 301-619-2540 EMAIL:
james.e.watkins@us.army.mil
19B. NAME OF CONTRACTOR
BY___
(Signature of person authorized to sign) 19C. DATE SIGNED 20B. UNITED STATES OF AMERICA
BY ___
(Signature of contracting officer) 20C. DATE SIGNED
14-Aug-2006Filed by Bowne Pure Compliance

 

Exhibit 10.28

	AMENDMENT OF SOLICIATION/MODIFICATION OF CONTRACT 1. CONTRACT ID CODE
J-FFP PAGE OF PAGES
1 OF 3
2. AMENDMENT/MODIFICATION NO.
P00004 3. EFFECTIVE DATE
30 SEP 2006 4. REQUISITION/PURCHASE REQ. NO.
SEE SCHEDULE 5. PROJECT NO. (If applicable)
6. ISSUED BY AFOSR/PKR4 CODE            FA9550
USAD, AFRL DUNS 143574726
AF OFFICE OF SCIENTIFIC RESEARCH
875 NORTH RANDOLPH STREET, RM 3112
ARLINGTON VA 22203
CARMELITA B. CALVERT (703) 696-5919
Carm.calvert@afosr.af.mil
7. ADMINISTERED BY (if other than Item 6) CODE S0512A
DCMA VAN NUYS
6230 VAN NUYS BLVD
VAN NUYS CA 91401-2713
8. NAME AND ADDRESS OF CONTRACTOR (No., street, county, state and zip code)
IONFINITY LLC
2400 LINCOLN AVE
ALTADENA, CA 91001-5436
(626) 296-6313
CODE 1XBL9 FACILITY CODE (X) 9A.
AMENDMENT OF SOLICITATION NO.
9B. DATE (SEE ITEM 11)
X
10A. MODIFICATION OF CONTRACT/ORDER NO.
FA9550-04-C-0056
10B. DATE (SEE ITEM 13)
01 JUN 2004
11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS
___The above numbered solicitation is amended as set forth in item 14. The hour and date
specified for receipt of offers ___is extended, ___is not extended.
Offers must acknowledge receipt of this amendment prior to the hour and date specified in the
solicitation or as amended, by one of the following methods:
(a) By completing items 8 and 15 and returning ___copies of the amendment; (b) By acknowledging
receipt of this amendment on each copy of the offer submitted; or (c) By separate letter or
telegram which include a reference to the solicitation and amendment numbers. FAILURE OK YOUR
ACKNOELEDGENENT TO BE RECEIVED AT THE PLACE DESIGNATED FO RTHE RECEIPT OF OFFERS PRIOR TO THE HOUR
AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER. If by virtue of this amendment you
desire to change an offer already submitted, such change may be made by telegram or letter,
provided each telegram or letter makes reference to the solicitation and this amendment, and is
received prior to the opening hour and date specified.
12. ACCOUNTING AND APROPRIATION DATA (if required)
SEE SCHEDULE
13. THIS ITEM APPLIES ONLY TO MODIFICATION OF CONTRACTS/ORDERS
IT MODIFIES THE CONTRACT/ORDER AS DESCRIBED IN ITEM 14
(X) A. THIS CHANGE ORDER IS ISSUED PURSUANT TO : ( ) THE CHANGES SET FORTH IN ITEM 14 ARE MADE
IN THE CONTRACT ORDER NO. ITEM 10A
X B. THE ABOVE NUMBERED CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as
changes in paying office, appropriation data, etc.) SET FORTH IN ITEM 14, PURSUANT TO THE AUTHORITY
OF FAR 43.103 (b)
C. THIS SUPPLEMENT AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF:
D. OTHER (Specify type of modification and authority)
E. IMPORTANT: CONTRACTOR _X___IS NOT ___is required to sign this document and return ___
copies to the issuing office.
14. DESCRIPTION OF AMENDMENT/MODIFICATION ( Organized by UCF section headings, including
solicitation/contract subject matter where feasible)
This modification is issued to correct erroneous ACRN totals for ACRN AC and ACRN AD issued on
P00003, SECTION G. CONTRACT ADMINISTRATION DATA to read as follows on Page 3 of this modification
to contract FA9550-04-C-0056, P00004.
Except as provided herein, all terms and conditions of the document referenced in Item 9A or
10A, as heretofore changed, remains unchanged and in full force and effect.
15A. NAME AND TITLE OF SIGNER (Type or print) 16A. NAME AND TITLE OF SIGNER (type or print)
KATHLEEN L. WETHERELL
Contracting Officer
15B. CONTRACTOR/OFFERER
BY: ___
(signature of person authorized to sign) 15. C DATE SIGNED 16B. UNITED STATES OF AMERICA
BY: ___Kathleen L. Wetherell___
(Signature of Contracting officer) 16C. DATE S
IGNED
30 Sep 2006

 

							
	ITEM	 	SUPPLIES SCHEDULE DATA	 	QTY      SHIP TO	 	MARK FOR

0003AE

1

U

TRANS

PRI DATE

15 Dec 2006

STATUS REPORT9

AC

Noun:

ACRN:

Descriptive Data:

Deliver data in accordance with Exhibit A.

Performance period covered is 01 Oct 06 through 30 Nov 06.

Report is due 15 days after end of performance period which is 15 Dec 06.

0003AF 1 U 15 Feb 2007

STATUS REPORT 10

AD

Noun:

ACRN:

Descriptive Data:

Deliver data in accordance with Exhibit A

Performance period covered is 01 Dec 06 through 31 Jan 07.

Report is due 15 days after end of performance period which is 15 Feb 07.

0003AG 1 U 15 Apr 2007

STATUS REPORT 11

AD

Noun:

ACRN:

Descriptive Data:

Deliver data in accordance with Exhibit A.

Performance period covered is 01 Feb 07 through 14 Mar 07.

Report is due 15 days after end of performance period which is 15 Apr 07.

0003AH 1 U 31 Jul2007

FINAL TECHNICAL REPORT/INVENTION REPORT

AD

Noun:

ACRN:

Descriptive Data ·

Deliver data in accordance with Exhibit A

Performance period covered is 01 Jun 04 through 30 Apr 07.

Report is due 90 days after end of performance period which is 31 Jul 07.

SECTION G, CONTRACT ADMINISTRATION DATA

2, ACRN AC and ACRN AD are corrected to read as follows:

$21,190.00

$21,190.00

$21,190,00

ACRN

AC

AD

Appropriation/Lmt Subhead/Supplemental Accounting Data

ACRN Change

57 53600 295 47B1 66STTR 6RPE26 59200 65502F 667100 F671 00

Total ACRN Amount: $11,430.00

Funding breakdown: On CUN 0003AE: $11,43000

Descriptive data:

CSN: R6ST59

DUNS NUMBER: 143574726

ACRN Change

57 63600 296 47B1 66STTR 6RPE26 59200 65502F 667100 F67100

Total ACRN Amount: $63,570.00

Funding breakdown: On CUN 0003AF:

On CUN 0003AG:

On CUN 0003AH:

Descriptive data:

CSN: R6ST59

DUNS NUMBER: 143574726

Obligation

Amount

-$63,570,00

-$11,430.00

FA9550exv10w36

 

INTEGRATED PAYMENT SYSTEMS INC.

MASTER SERVICE AGREEMENT

This Master Service Agreement (“Agreement”) is between INTEGRATED PAYMENT SYSTEMS INC., a
Delaware corporation having a principal office at 12500 East Belford Avenue, Englewood, Colorado
80112 (“IPS”) and Global Cash Access, Inc., a Delaware corporation having its principal office at
3525 East Post Road, Suite 120, Las Vegas, Nevada 89120 (“Client”).

Recitals

IPS issues official checks, money orders and other payment instruments through financial and other
institutions. Client desires to use and sell Payment Instruments (as defined in Part A) and to
subscribe to other services offered by IPS as specified below.

Agreement

Now, therefore, in consideration of the mutual promises set forth below, and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledge, the parties
agree the foregoing recitals are true and correct and as follows:

1. Subscription. Client hereby subscribes to IPS’ Payment Instrument service as further
described in the Additional Terms and Conditions, Part A: Description of IPS’ Payment Instruments
Service, Part B: Description of IPS’ Payment Instruments Commission Structure and Exhibit A:
Trust Agreement, all attached hereto, and the Service Requirements provided to Client, and IPS
agrees to provide such services to Client, upon the terms and conditions hereof and thereof.

2. Term. The initial term of this Agreement shall be three (3) years (the “Initial Term”),
commencing on the earlier of January 1, 2007 or the date Client uses or sells its first Payment
Instrument under this Agreement. Unless otherwise terminated in accordance with the terms hereof
or upon not less than one hundred eighty (180) calendar days’ written notice, this Agreement shall
automatically renew in accordance with the provisions of Section 8 of the Additional Terms and
Conditions hereto.

3. Notices. All notices delivered in accordance with the provisions of Section 10 of the
attached Additional Terms and Conditions shall be addressed as follows, as amended from time to
time by the applicable party:

	 	 	 	 	 	 	 
	 

	 	 	 	If to Client:
	 	If to IPS:
	 

	 	Company:
	 	Global Cash Access, Inc.
	 	Integrated Payment Systems Inc.
	 

	 	 	 	3525 East Post Road, Suite 120
	 	12500 East Belford Avenue
	 

	 	 	 	Las Vegas, NV 89120
	 	Englewood, CO 80112
	 
	 	 	 	 	 	 
	 

	 	Attention:
	 	President & CEO
	 	Rod Esch
	 

	 	 	 	General Counsel & EVP
	 	President
	 

	 	Facsimile:
	 	(702) 262-5039
	 	(720) 332-0096
	 
	 	 	 	 	 	 
	 

	 	With a copy to:	 	 	 	 
	 

	 	 	 	Morrison & Foerster LLP
	 	Integrated Payment Systems Inc.
	 

	 	 	 	755 Page Mill Road
	 	12500 East Belford Avenue
	 

	 	 	 	Palo Alto, CA 94304
	 	Englewood, CO 80112
	 

	 	Attention:
	 	Timothy J. Harris
	 	General Counsel
	 

	 	Facsimile:
	 	(650) 494-0892
	 	(720) 332-0096

THIS AGREEMENT INCORPORATES THE TERMS AND CONDITIONS PRINTED ABOVE, AND ON THE ATTACHMENTS HERETO
WHICH ARE MADE A PART OF THIS AGREEMENT.

	 	 	 	 	 	 	 
	GLOBAL CASH ACCESS, INC.	 	 	 	Accepted by IPS as of the 27th day of November, 2006
	 

	 	 	 	 	 	(the “Effective Date”).
	By:

	 	/s/ Kirk Sanford
 

	 	 	 	 
	Title: President & CEO	 	 	 	 
	Print Name: Kirk Sanford	 	 	 	 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	INTEGRATED PAYMENT SYSTEMS INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	     /s/ Rodney J. Esch
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	     President
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Print Name:
	 	     Rodney J. Esch
	 

	 	 	 	 	 	 	 	 

EXECUTION

11/27/06

 

1

 

Additional Terms and Conditions

1. Representations. Each party represents and warrants to the other party that: (a)
the execution, delivery, and performance by such party of this Agreement: (i) is within such
party’s corporate powers, (ii) does not violate or create a default under Legal Requirement (as
defined in Part A), or such party’s Certificate or Articles of Incorporation or By-Laws, or any
other organizational documents or any contractual provision binding on or affecting such party or
its property, and (iii) has been duly authorized by all necessary corporate action; and (b) this
Agreement constitutes legal, valid and binding obligations of such party, enforceable against such
party in accordance with the respective terms and conditions hereof, except as enforcement may be
subject to (i) the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or
similar Legal Requirement affecting creditors rights generally, and (ii) general principles of
equity (regardless of whether such enforcement is sought in a proceeding in equity or at law).

2. Legal Compliance. Each party shall comply with all Legal Requirements applicable to its
business. In the event a “State Schedule A” is attached to this Agreement, each party shall comply
with the provisions of said Schedule A to the extent required by applicable state law(s), subject
to the limitations of applicable federal law(s). Client shall specifically comply (and shall cause
its officers, principals and employees to comply) with all federal, state and local laws and
regulations applicable to Client’s business and to Client’s use of the Services, as the same may be
amended from time to time, including but not limited to: (a) state licensing laws; (b) the Bank
Secrecy Act (31 U.S.C. §5311 et. seq., and its implementing regulations, 31 C.F.R. Part 103); (c)
the IRS’ cash reporting requirements (26 U.S.C. 60501) and related regulations; (d) state currency
reporting requirements; (e) federal or state anti-money laundering laws and all rules and
regulations promulgated thereunder (e.g., 18 U.S.C. §§ 1956 and 1957); (f) all applicable state
money transfer or sale of checks laws and regulations; (g) all applicable federal and state privacy
laws and regulations; (h) the USA Patriot Act; and (i) all applicable federal and state laws
regulating access for the disabled, including but not limited to the Americans with Disabilities
Act.

3. Special Bank Secrecy Act and Anti-Money Laundering Guideline Requirements. Client will
be required to establish an Anti-Money Laundering Compliance Program. Client’s program must
include the following elements:

	 	a)	 	Client must appoint an employee as Compliance Officer to oversee its program.

(I) The Compliance Officer will be responsible to: (a) establish company wide policies and
procedures; (b) provide for employee compliance training; (c) monitor compliance; (d) provide
for proper record keeping; (e) fulfill any other duties required by law or IPS policy; and
(f) serve as the primary contact between the Client and IPS or the U.S./State Government
concerning compliance matters.

(ii) In preparation for training and to begin with the establishment of a Compliance
Program, Client shall provide the Compliance Officer information below:

	 	 	 	 	 
	 

	 	Compliance Officer Name:
	 	Job Title:
	 

	 	Address:	 	 
	 

	 	Phone:
	 	Fax:

	 	b)	 	If Client has multiple locations, then in addition to a Client Compliance Officer, an
employee must be designated at each location as an On-Site Compliance Delegate.

(I) The On-Site Compliance Delegate will be the location contact for IPS and U.S./State
Government concerning site-specific compliance matters.

(ii) If the Compliance Delegate represents multiple locations, he/she will be asked to
provide specific on-site compliance Delegate information for each location.

	 	c)	 	Client will provide each location with a proposed “Anti-Money Laundering Compliance
Program” booklet as a resource for building a compliance program. After training, Client
must document that a compliance program is in place to monitor, track, and ensure
compliance with all governmental laws in your geography, including but not limited to the
provisions of the U.S. Patriot Act of 2001, the Bank Secrecy Act and/or policy including
the following:

(i) Filing of Currency Transaction Reports for any cash transaction or series of
transactions by single consumer in a single day greater than $10,000.00.

(ii) Identifying and reporting of transactions and/or a series of transactions by a single
consumer in a single day that amount to $2,000.00 or more AND are suspicious.

	 	(iii)	 	Insuring that proper identification and information is collected on same day
money order sales of any individual totaling $3,000.00 or more (Money Order Log).

	 
	 	(iv)	 	Insuring that proper identification and information is recorded on same day money
transfer sales to any individual totaling $3,000 or more.

	 
	 	(v)	 	Meeting record retention requirements.

	 
	 	(vi)	 	Maintaining a plan to provide and document on-going employee compliance training.

d) Client hereby agrees to provide full cooperation with governmental or IPS compliance audits.

4. Confidentiality. During both the Term as defined in Section 9 hereof, and thereafter,
notwithstanding termination of this Agreement, neither party shall, unless otherwise required by
Legal Requirement, either directly or indirectly disclose, disseminate or otherwise make available
to any third party any confidential information that was obtained as a result of the relationship
created by this Agreement, including the terms and conditions of this Agreement.

5. Exclusivity. Client agrees that during the Term, IPS shall be Client’s sole and
exclusive provider of money orders within the United States. Nothing in this Section 5 shall
preclude Client from generating or issuing its own money orders or other payment instruments in any
other jurisdiction or within the United States in accordance with any federal, state or local
licenses it may acquire and/or require to do so.

6. Financial Statements; Audit and Inspection. Upon written request, and subject to Legal
Requirement, each party agrees to supply the other party with current interim (quarterly) and
annual (year end) financial reports and statements. Each party agrees that, subject to applicable
Legal Requirement, upon not less than thirty (30) calendar days’ notice, the other party shall have
the right to audit or inspect that portion and only that portion of those books and records which
directly and wholly relate to such party’s performance of its duties or obligations hereunder. The
obligations set forth in this Section 6 shall also apply to any wholly owned subsidiaries of Client
as identified in Exhibit “C” hereto, which may use or sell Payment Instruments hereunder.

7. Advertising. Each party shall obtain written approval from the other party prior to any
reference to or use of such other party’s name, logo, trademarks, service marks, copyrights or any
other proprietary classification of such other party or its Affiliates in any advertising,
promotional or instructional material provided by or for a party. IPS hereby grants Client a
limited, nonexclusive and nontransferable license to (a) establish a hyperlink on the Client
website to the IPS OfficialCheck.com website; and (b) subject to IPS’ prior written consent, use
IPS’ name, marks and logo (“IPS Marks”) for the sole and limited purpose of (i) reference in
Client’s quarterly industry newsletter and corporate brochure, (ii) reference in Client’s annual
report, (iii) reference in all documents required to be disclosed in accordance with Legal
Requirement, (iv) implementing such hyperlink, and (v) all activities incidental to the forgoing.
Client will post the credit line “Integrated Payment Systems is a registered trademark of
Integrated Payment Systems Inc. and is used with permission” or other similar text as approved or
reasonably required by IPS in reasonable proximity to such hyperlink, if any, to IPS on Client’s
website; provided, however, nothing herein express or implied shall require Client to establish
such hyperlink. Nothing contained herein gives Client any ownership rights in the IPS Marks.

8. Indemnification. Each party shall reimburse, indemnify and hold the other party, their
directors, officers, employees, representatives, subsidiaries, parents, Affiliates and assigns
harmless from all losses, claims, demands, actions, suits, proceedings or judgments, including
costs, expenses and reasonable attorneys’ fees assessed against such other party resulting, in
whole or in part, from actions or omissions, whether done negligently or otherwise, by the
indemnifying party, or its agents, directors, officers, employees or representatives, arising out
of the violation of this Agreement. Client shall further indemnify IPS from any liability incurred
as a result of IPS’ stopping payment on any Payment Instrument, upon IPS’ receipt of a stop payment
order from Client pursuant to IPS’ stop payment Service Requirements, or for dishonoring or
returning any Payment Instrument. The indemnification obligations set forth herein above shall
survive the termination of this Agreement.

9. Term and Early Termination. (a) This Agreement shall become effective on the Effective
Date and shall continue through the Initial Term, and upon expiration of the Initial Term, this
Agreement shall continue in effect (the “Additional Term” and, together with the Initial Term, the
“Term”) until terminated by either party by a written notice delivered to the other not less than
180 days prior to the designated termination date; and (b) During the Term, a party (the
“nondefaulting party”) may terminate this Agreement upon written

EXECUTION

11/27/06

 

2

 

notice to the other party (the “defaulting party”) of such breach and in the event such breach is
not cured within thirty (30) calendar days after the delivery date of such notice in the event
that: (i) there is a material adverse change in the defaulting party’s financial condition,
business or prospects that would materially impact the defaulting party’s ability to perform its
obligations hereunder; or (ii) the defaulting party fails to materially comply with any of the
terms and conditions of this Agreement and all Exhibits, Amendments and Addenda attached hereto
(without limiting the generality of the foregoing, an act by Client which exceeds the authority
granted herein shall be a material violation), or (iii) any representation or information provided
to the nondefaulting party by the defaulting party is materially false or misleading at the time of
such disclosure. Notwithstanding the preceding provisions of this Section 8, no such cure period
shall apply to Client’s obligation to remit the Face Value of all Payment Instruments it uses or
sells hereunder to IPS, in accordance with the provisions and requirements set forth in Section 7
of Part A of this Agreement.

10. Limitation of Damages. (a) EXCEPT FOR IPS’ OBLIGATION TO HONOR PAYMENT INSTRUMENTS
THAT ARE PROPERLY PAYABLE; AND NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, IPS’
MONETARY LIABILITY TO CLIENT UNDER THIS AGREEMENT SHALL BE LIMITED TO THE LESSER OF ONE MILLION
DOLLARS ($1,000,000) OR THE AMOUNT OF ACTUAL DAMAGES SUFFERED BY CLIENT.

(b) IN NO EVENT SHALL IPS, ITS AFFILIATES OR ANY OF ITS OR THEIR DIRECTORS, OFFICERS, EMPLOYEES,
AGENTS OR SUB-CONTRACTORS, 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 SIMILAR 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.

(c) EXCEPT FOR CLIENT’S OBLIGATION TO (I) TIMELY AND PROPERLY FUND PAYMENT INSTRUMENTS THAT IT USES
OR SELLS HEREUNDER; (II) ASSUME FULL LIABILITY FOR THE FACE VALUE OF ANY PAYMENT INSTRUMENTS LOST
BY, STOLEN FROM, MISAPPROPRIATED FROM OR SEIZED FROM CLIENT AND SUBSEQUENTLY PAID BY IPS; (III)
ASSUME FULL LIABILITY FOR ANY ACTIONS TAKEN BY IPS ON CLIENT’S REQUEST TO STOP PAYMENT ON ANY
PAYMENT INSTRUMENT OR FOR IPS’ DISHONORING OR RETURNING ANY PAYMENT INSTRUMENT HEREUNDER AND
NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, CLIENT’S MONETARY LIABILITY TO IPS
UNDER THIS AGREEMENT SHALL BE LIMITED TO THE LESSER OF ONE MILLION DOLLARS ($1,000,000) OR THE
AMOUNT OF ACTUAL DAMAGES SUFFERED BY IPS.

(d) EXCEPT FOR CLIENT’S ASSUMPTION OF FULL LIABILITY FOR ANY ACTIONS TAKEN BY IPS ON CLIENT’S
REQUEST TO STOP PAYMENT ON ANY PAYMENT INSTRUMENT OR FOR IPS’ DISHONORING OR RETURNING ANY PAYMENT
INSTRUMENT HEREUNDER, CLIENT, ITS AFFILIATES OR ANY OF ITS OR THEIR DIRECTORS, OFFICERS, EMPLOYEES,
AGENTS OR SUBCONTRACTORS SHALL NOT 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 SIMILAR 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.

11. Notices. Unless otherwise agreed to by the parties in writing, all notices, requests
or other communications hereunder shall be in writing and shall be sent by first class mail postage
prepaid, facsimile with receipt confirmed, receipted courier service or shall be personally
delivered, to the other party at its respective address as specified on the first page of this
Agreement, or to each party, at such other address or addresses as shall be designated, from time
to time, in a written notice to the other party. All such notices, requests and communications if
communicated as set forth above shall be effective when sent or personally delivered.

12. Waiver of Jury Trial. IPS and Client irrevocably waive any and all rights they may
have to a trial by jury in any judicial proceeding involving any claim relating to this Agreement.

13. No Third-Party Beneficiaries. Nothing contained in this Agreement is intended to
confer nor shall confer upon any person (other than the parties

hereto) any rights, benefits or
remedies of any kind or character whatsoever, and no such person shall be deemed a third-party
beneficiary under or by reason of this Agreement.

14. Assignment. The rights and obligations of Client under this Agreement are personal and
not assignable either voluntarily or by operation of law, without the prior written consent of IPS,
which consent shall not be unreasonably withheld; provided, however, IPS agrees that Client may
assign the Agreement upon notice to, but without necessity of consent of, IPS, (a) to any Affiliate
(as defined in Part A) that has those approvals and licenses required by Legal Requirement
necessary to fulfill its obligations hereunder, (b) in connection with the sale of all or
substantially all of the stock or assets of Client, or the merger of Client with an unAffiliated
third party; provided any such assignment does not otherwise result in a violation of this
Agreement by Client; provided further, however, the assignee’s financial condition, as measured by
net worth (defined as total assets minus total liability, as both are defined by Generally Accepted
Accounting Principles), is materially and reasonably sufficient for the fulfillment of such
assignee’s duties and obligations hereunder. IPS may assign any of its rights or obligations under
this Agreement to any Affiliate that is not a direct competitor of GCA upon notice to Client but
without the consent of Client; provided any such assignment does not otherwise result in a
violation of this Agreement by IPS. An assignment by IPS to any non-Affiliated party shall require
the prior written consent of Client, which consent shall not be unreasonably withheld.
Additionally, IPS may designate any other person or entity as its agent to perform or render
assistance to IPS in the performance of the services to be provided by IPS hereunder. Any
assignment in violation of this subsection shall be null and void. All provisions contained in
this Agreement shall extend to and be binding upon the parties hereto or their respective
successors and permitted assigns.

15. Governing Law; Severability. The laws of the State of New York, excluding the rules on
conflicts of laws, shall govern the interpretation, validity, enforcement and any claim or
controversy arising from this Agreement. If any provision of this Agreement shall be determined to
be illegal, unenforceable or invalid under any Legal Requirement, such provision shall be deemed
void and the remainder of this Agreement shall continue in full force and effect. In such case,
the parties shall in good faith attempt to modify or substitute such provision consistent with the
original intent of the parties.

16. Entire Agreement. This Agreement, including all Exhibits, Amendments and Addenda
attached hereto, constitutes the entire Agreement between the parties with respect to the subject
matter hereof and supersedes all prior and contemporaneous proposals, agreements, representations,
and understandings, whether written or oral, between the parties with respect to the subject matter
hereof. No change, termination, modification, or waiver of any term or condition of this Agreement
shall be valid unless in writing signed by each party. A party’s waiver of a breach of any term or
condition in this Agreement shall not be deemed a waiver of any subsequent breach of the same or
another term or condition.

17. Attorneys’ Fees. In the event of any action for the breach of this Agreement or
misrepresentation by any party, the prevailing party shall be entitled to reasonable attorneys’
fees, costs and expenses incurred in such action.

18. Force Majeure. Neither party shall be responsible for any failure to fulfill
its obligations hereunder due to causes beyond its reasonable control, including (to the extent
each such instance listed is in fact beyond its reasonable control) acts or omissions of government
or military authority, acts of God, disruption of telecommunication facilities, shortages of
materials, transportation delays, fires, floods, labor disturbances, riots or wars, mechanical or
power failure, computer malfunctions (including network connectivity failures), strikes, labor
difficulties, or acts of credit network authorities. Upon the occurrence of such an event, and so
long as no other breach of this Agreement by such party has occurred and is continuing, the
performance of such party’s obligations shall be suspended during, but not longer than, the period
of existence of such event and period thereafter reasonably required to perform such obligation.
The parties shall each use their reasonable efforts to minimize the consequences of such event.
Notwithstanding the preceding provisions of this Section 17, no such Force Majeure relief shall
apply to Client’s obligation to remit the Face Value of all Payment Instruments it uses or sells
hereunder to IPS, in accordance with the provisions and requirements set forth in Section 7 of Part
A of this Agreement. The provisions of this Section shall survive any termination or expiration of
this Agreement.

19. PCI DSS Compliance. IPS acknowledges and agrees that, in connection with
fulfilling its obligations hereunder, IPS may gain access to and/or acquire the ability to
transmit, store or process Cardholder account and/or transaction information (collectively,
“Cardholder Data”). To the extent that IPS has access to, or possession of, Cardholder Data, IPS
covenants, agrees, represents and warrants as set forth in this Section, all of which shall be
undertaken at IPS’ sole cost and expense, and all of which shall survive the expiration or earlier

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termination of this Agreement. IPS will comply with and adhere to the payment card industry
(“PCI”) data security standard (“DSS”) in effect from time to time and shall implement and
maintain appropriate measures designed to meet the objectives of PCI DSS. In the event a PCI
representative or PCI authorized third-party seeks to conduct a security audit or review of IPS at
any time, including, without limitation, after an alleged or actual security intrusion, for the
purpose of validating IPS’ status, effectiveness or compliance with the PCI DSS, IPS will fully
cooperate with such audit or review. IPS (a) is solely responsible for, and will ensure, the
integrity, security and confidentiality of Cardholder Data, (b) will protect against any
anticipated unauthorized access, threats or hazards to the integrity, security or confidentiality
of Cardholder Data; and (c) will only disclose or use the Cardholder Data for those permitted
purposes required for the performance of its covenants and obligations under this Agreement and,
in any event, only in accordance with Legal Requirement. Upon the reasonable request of Client,
IPS shall promptly provide Client with information regarding IPS’ security measures. IPS shall
immediately advise Client as to any threatened, suspected or actual compromise of the integrity,
security or confidentiality of Cardholder Data and will thereafter diligently keep Client advised
as to the status and process of same. IPS will maintain a recovery plan designed to minimize
risks associated with any unplanned interruption of IPS’ operations or business or any unplanned
inaccessibility to Cardholder Data, which recovery plan IPS will promptly deploy upon any such
unplanned interruption or inaccessibility. IPS will immediately, and in no event later than
twenty-four (24) hours after the occurrence of any such unplanned interruption or inaccessibility,
advise Client as to any such unplanned interruption or inaccessibility. IPS agrees that its
obligations under this Section are required and that monetary damages may be inadequate to
compensate Client for any breach of any covenant or agreement set forth in this Section and that,
in addition to any other remedies that may be available, in law, in equity or otherwise, Client
shall be entitled to seek injunctive relief in any required jurisdiction against the threatened
breach of this Section or the continuation of any such breach.

20. Privileged Licenses. Client and its Affiliates may be subject to and exist
because of privileged licenses issued by governmental authorities responsible for or involved in
the regulation of gaming activities (“Gaming Authorities”). If IPS is requested by any Gaming
Authority to provide any information and obtain any approval, IPS shall, at Client’s sole expense,
provide all requested information and apply for and obtain all approvals required or requested of
IPS by such Gaming Authority and if IPS fails to provide any such information and/or obtain any
such approval, and if Client or any of Client’s Affiliates are directed to cease business with IPS
by the Gaming Authorities, or if Client shall in good faith determine, in Client’s reasonable
judgment, that IPS is or may engage in any activity or relationship that could or does jeopardize
Client’s or its Affiliates’ privileged licenses in any jurisdiction, then (a) IPS shall terminate
any relationship with the person who is the source of such issue, or (b) IPS shall cease the
activity or relationship creating the issue to Client’s reasonable satisfaction, or (c) if such
activity or relationship is not subject to cure as set forth in the foregoing provisions (a) and
(b), as determined by Client in its reasonable discretion, or if Client is required to do so by
any Gaming Authority, notwithstanding any other provision hereof, Client shall terminate this
Agreement and its relationship with IPS without further obligation to IPS.

21. Counterparts. This Agreement may be executed by the parties in multiple counterparts,
each of which shall be considered an original and both of which together shall constitute one and
the same Agreement. Any party may deliver an executed copy of this Agreement and an executed copy
of any documents contemplated hereby by facsimile transmission to another party, and such delivery
shall have the same force and effect as any other delivery of a manually signed copy of this
Agreement or such other document.

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Client Name: Global Cash Access, Inc.

Part A: DESCRIPTION OF IPS’ PAYMENT INSTRUMENTS SERVICE:

	1.	 	Definitions. Except as otherwise set forth herein, the following terms shall be
defined as follows:

	 	a.	 	“Affiliate” means another person or entity that directly, or indirectly through one
or more intermediaries, controls or owns, is controlled, owned by, or is under common
control or ownership with, such person or entity. As used in this definition, “control”
means the direct or indirect power to direct or cause the direction of the management,
affairs or policies of such Person, whether by contract or otherwise and, in any event,
any person or entity beneficially owning more than fifty percent (50%) of the equity
interests in such person or entity shall be deemed to control that person or entity.

	 
	 	b.	 	“Card Association” means VISA U.S.A. Inc., VISA International, MasterCard
International or any other association, network or issuer having proprietary rights to,
and clearing and oversight responsibilities with respect to, credit cards.

	 
	 	c.	 	“Clearings” means the aggregate face value of Payment Instruments used and sold by
Client that are presented for payment.

	 
	 	d.	 	“Client Printed Payment Instrument” means a Payment Instrument, printed on Secure
Document Paper, that has not been pre-printed by IPS, upon which Client has printed IPS
issued serial numbers and additional check stock information, and that is sold or used by
Client hereunder.

	 
	 	e.	 	“Face Value” means the United States denominated dollar amount imprinted on the
Payment Instrument in the “Pay the Sum” of field of the Payment Instrument.

	 
	 	f.	 	“Legal Requirement” means, without limitation, any and all foreign, federal, state
and local laws, statutes, rules, regulations, codes, ordinances, plans, orders, judgments,
decrees, writs, injunctions, notices, decisions or demand letters issued, entered or
promulgated pursuant to any foreign, federal, state or local law applicable to their
respective businesses, IPS’ provision of its services contemplated hereby, or any of the
transactions contemplated hereby.

	 
	 	g.	 	“Payment Instrument” means an IPS money order used or sold by Client hereunder.

	 
	 	h.	 	“Pre-Printed Payment Instrument” means a Payment Instrument pre-printed by IPS on
Secure Document Paper, which includes IPS issued serial numbers and additional check stock
information, and that is sold or used by Client hereunder.

	 
	 	i.	 	” Prime Rate” means the rate of interest publicly announced as the base rate on
corporate loans by large U.S. money center commercial banks, as published by the Federal
Reserve Board (http://www.federalreserve.gov/releases/h15/data/Daily/H15_FF_O.txt), or in
the event such rate is not published thereon, as published in The Wall Street Journal.

	 
	 	j.	 	“Properly Payable Payment Instrument” means a Payment Instrument used or sold by
Client hereunder that has been fully funded by Client in accordance with the terms,
conditions and provisions of this Agreement, reported as having been used or sold by
Client, properly presented for payment through the Federal Reserve Board check clearing
system and for which no timely and proper stop payment order has been received from Client
pursuant to IPS’ stop payment Service Requirements.

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	 	k.	 	“Secure Document Paper” means IPS’ standard financial paper stock supplied to Client
by IPS, containing IPS’ standard security features sold or used by Client hereunder, or
financial paper stock acquired by Client from a third party vendor, at Client’s sole cost
and expense, in a form containing standard security features that are reasonably approved
by IPS and that fully meets IPS’ Service Requirements, that is utilized for the production
of a Payment Instrument by Client hereunder.

	 
	 	l.	 	“Service Requirements” includes any operations manuals, written procedures, user
guides, reference manuals, policies, rules or regulations, all as may be amended from time
to time by IPS.

	2.	 	Relationship.

Upon the terms and conditions hereof, IPS appoints Client and its wholly owned subsidiaries
identified on Exhibit “C”, as its agent(s) to use or sell Payment Instruments. IPS and Client
shall agree on the form of the Payment Instruments from time to time used and sold by Client.
Client shall not use or sell any Payment Instruments pursuant to this Agreement unless the
following appears on the face of the Payment Instrument: “Issued by Integrated Payment Systems
Inc.” Client shall not use or sell any Payment Instruments pursuant to this Agreement unless IPS’
800 phone number appears on the Payment Instrument, preferably on the back of the Payment
Instrument. Neither Client nor IPS shall appoint any subagents hereunder. IPS agrees and
acknowledges that Client is in the business of using or selling Payment Instruments at
establishments operating restricted and nonrestricted gaming, games of chance, betting and similar
activities, as expressly authorized by Gaming Authorities, within the United States or Canada (the
“Locations”) and IPS hereby expressly agrees that Client shall use and sell Payment Instruments at
or through the Locations.  Subject to, and without limiting the foregoing, Client shall
not use or sell Payment Instruments at or through any entity that is not a party to this Agreement
or is otherwise agreed to by IPS pursuant to the provisions of this Agreement. Except or otherwise
agreed, IPS will supply Client with the blank Payment Instruments that Client is permitted to use
or sell. Client shall limit its use of Payment Instruments to those uses a mutually agreed upon
from time to time and as reasonably approved in writing as “Payment Instrument” applications by
IPS.

	3.	 	Obligations of Client.

	 	a.	 	Client shall report each Payment Instrument sold by it hereunder in a sales report that
is electronically transmitted to IPS by 3:00 p.m. Mountain Time on the next Banking
Business Day following the sale of such Payment Instrument. Upon IPS’ receipt of a Payment
Instrument presented for payment that is printed on IPS’ Secure Document Paper and either
shows Client’s preprinted name or bears a serial number indicating that it was issued
hereunder, and that has not appeared on a sales report, IPS will report the details of such
Payment Instrument to Client in a report that is electronically transmitted to Client not
later than 10:00 a.m. Mountain Time on the date that the Payment Instrument is required to
be honored or dishonored. Client shall notify IPS whether or not the Payment Instrument is
a valid Payment Instrument sold by Client prior to 12:00 p.m. Mountain Time on such date.
If Client fails to inform IPS whether or not the Payment Instrument was in fact issued
prior to 12:00 p.m. Mountain Time on the date the item is required to be paid, IPS may, in
its sole and absolute discretion, elect to return the item and Client shall be responsible
for all loss, liability, and damages arising out of the return of the Payment Instrument.
Notwithstanding anything else set forth herein to the contrary, Client’s failure to comply
with the provisions of this Section 3(a.) shall not constitute a default hereunder and IPS’
sole remedy for Client’s failure to so comply shall be Client’s responsibility and
associated indemnification obligations for all loss(es), liability, and damages arising out
of the return of the Payment Instrument.

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	 	b.	 	Client may only sell Payment Instruments in connection with credit card and
point-of-sale debit card transactions consummated by Client in which the settlement funds
to be received by Client from the applicable Card Association are at least equal to the Face Value of Payment Instruments used
or sold hereunder. All settlement funds shall be handled in the manner prescribed in the
Account Settlement Agreement of even date herewith (the “Settlement Agreement”) by and among
Client, IPS and Wachovia Bank, N.A., which is hereby identified as Exhibit “A” and attached
hereto and made a part hereof. Client agrees that the only instructions it shall deliver to
Wachovia Bank, N.A. shall be those instructions contemplated by and delivered pursuant to
the provisions of the Settlement Agreement, and shall relate solely to the Face Value to be
disbursed to IPS and the Settlement Funds (as defined in the Settlement Agreement) to be
disbursed to Client, all in accordance with the provisions of the Settlement Agreement, and
Client agrees that it shall endeavor, on a good faith basis, to provide Wachovia Bank, N.A.
with accurate instructions. Any other form of instructions provided to Wachovia Bank,
N.A., relating to the Settlement Agreement, shall required the prior mutual written consent
of the parties hereto.

	 	c.	 	Client, as soon as practicable, shall inform IPS by written notice of all Locations
to be opened or closed at which Payment Instruments are used or sold hereunder. Upon
delivery of Payment Instruments to Client, Client shall safeguard and protect all unused
and unsold Payment Instruments as if entrusted with any form of negotiable instrument for
safekeeping. If Client is utilizing Secure Document Paper provided by IPS hereunder,
Client hereby agrees that it will conduct a physical audit of all unused and unsold
Payment Instruments, at least twice a year during the Term, and reconcile the physical
audit of all such unused and unsold Payment Instruments to IPS’ inventory records. Upon
completion, Client shall provide the inventory audit results to IPS via the
OfficialCheck.com website or by manual delivery. Client acknowledges and agrees that its
books and records may be subject to inspection by any applicable state regulatory
authority.

	 
	 	d.	 	IPS hereby grants Client the authority and ability to produce Client Printed Payment
Instruments, on the Secure Document Paper, subject to all of IPS’ requirements. Client
shall produce Client Printed Payment Instruments only within the serial number range or
ranges provided by IPS in a corresponding data file. Client shall safeguard and protect
such serial numbers as it would any Payment Instrument. If Client prints Payment
Instruments with duplicate serial numbers or serial numbers outside the range provided by
IPS, Client shall pay an additional fee to IPS, as set forth in the IPS Fee Schedule which
is hereby identified as Exhibit “B” and attached hereto and made a part hereof.

	 
	 	e.	 	To ensure efficient processing by IPS of the Payment Instruments used and sold
hereunder and its compliance with Legal Requirements, IPS will, from time to time and in
its reasonable discretion, issue written operations manuals which shall be included as
part of the Service Requirements. Client shall use or sell Payment Instruments only in
accordance with such Service Requirements. In the event IPS’ Service Requirements or
operational procedures ever conflict with the rules imposed by the Card Association,
Client will so notify IPS of any such conflict in writing and IPS will, on a good-faith,
commercially reasonable basis, and at the sole cost and expense of Client, cooperate with
Client in an effort to align or adjust its Service Requirements or operational procedures
accordingly.

	4.	 	Obligations of IPS.

	 	a.	 	IPS shall pay Client the amounts described in Part B: Description of IPS’ Payment
Instruments Commission Structure.

	 
	 	b.	 	Immediately following the Effective Date, IPS will either, as applicable (i) at its
expense, arrange for the printing of Pre-Printed Payment Instruments, on IPS’ Secure
Document Paper, showing Client’s name, if applicable, or (ii) provide Client with
appropriate serial numbers for use by Client in producing Client Printed Payment
Instruments. Client shall pay IPS the actual cost per item for specific branch identification, or custom designed Pre-Printed Payment Instruments that
differ from IPS’ Secure Document Paper. If Client requests any change in the appearance
of the Pre-Printed Payment Instruments already printed for Client, Client agrees to
reimburse IPS for IPS’ actual cost of printing those Pre-Printed Payment Instruments that
Client has not used or sold. If IPS requests any change in the appearance of any custom
designed Pre-Printed Payment Instruments already approved and printed for Client, unless
such changes need to be effectuated by virtue of any Legal Requirements, IPS agrees to
reimburse Client for the actual cost paid by Client for printing the Pre-Printed Payment
Instruments that Client has not used or sold. IPS will arrange for distribution, at IPS
cost and expense, of the Payment Instruments to Client at those Locations designated by
Client.

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	 	c.	 	IPS shall provide, at IPS’ cost and expense (except as may otherwise be set forth in
Exhibit B), reasonable assistance to Client in tracing lost or stolen Payment Instruments
and will provide Client with its standard retrieval, photocopying and other imaging
services, as applicable, with respect to Payment Instruments used or sold by Client.
Client agrees to use such services in a commercially reasonable manner and only to the
extent reasonably required in the conduct of its business.

	 
	 	d.	 	IPS will, to the extent legally permitted, stop payment on any Payment Instruments at
Client’s request, provided that, (i) Client has provided notice of the stop payment to IPS
in the manner prescribed by IPS in its Service Requirements; and (ii) IPS has had a
commercially reasonable amount of time to act on the stop payment request before
presentment of the Payment Instrument(s) in question.

	 
	 	e.	 	IPS shall, as required by Legal Requirement, escheat all Payment Instruments not
presented for payment.

5. Safekeeping and Liability for Loss.

Client shall be absolutely liable to IPS for the Face Value of any Payment Instruments, in all
circumstances, where such Payment Instruments have been delivered to Client and are lost, stolen,
misappropriated, seized or forfeited from Client and subsequently paid by IPS. Such circumstances
may include, but are not limited to: (i) the loss, theft, misappropriation, seizure or forfeiture
of Payment Instruments caused, in whole or in part, by the dishonesty and/or negligence of Client;
or (ii) the loss, theft, misappropriation, seizure or forfeiture of the Payment Instruments caused,
in whole or in part, by the failure of Client to safeguard the Payment Instruments in accordance
with this Agreement; or (iii) the loss, theft, misappropriation, seizure or forfeiture of the
Payment Instruments caused by a disappearance that Client cannot explain; or (iv) the seizure or
forfeiture of Payment Instruments as a direct or indirect result of Client’s involvement in
criminal activity or in a transaction or attempted transaction involving criminally derived
property or the proceeds of criminally derived property. As used in this subsection, the term
“Client” shall include any officer, employee, representative, or agent of Client. For purposes of
this section, the definition of “Payment Instruments” shall include Pre-Printed Payment Instruments
and the serial numbers provided by IPS to Client for printing on Client Printed Payment
Instruments. Client shall assume all liability and risk of loss for the conduct and performance of
any third party vendor as contemplated under this Section 5.

6. Alterations and Liability for Loss.

Subject to Section 5 above, IPS assumes responsibility, for payment of the amount by which a raised
or altered Payment Instrument exceeds the Face Value of any such instrument and Client shall have
no liability therefor in its capacity as agent of IPS hereunder, unless (i) Client issued the
Payment Instrument but did not report the Payment Instrument in accordance with Section 3(a) above;
or (ii) Client’s own act or omission contributed to or permitted the raising or altering. In the
event Payment Instruments are printed on financial paper that has been provided to Client by a third party vendor other than IPS, and notwithstanding
anything in this Agreement to the contrary, the parties hereto agree that Client, on behalf of
itself, its customers and any third party vendor providing such goods or services to Client, or
Client’s customers, shall assume all responsibility, liability and risk of loss for: (a) any
defects, errors or omissions associated with the utilization of any mechanism or system to print
such Payment Instruments, including, without limitation, laser printing; and (b) any such Payment
Instruments which have been lost or stolen; and (c) any such Payment Instruments which have been
raised or altered, provided Client contributed directly or indirectly to such raising or altering
(as used in this subsection 6(c), the term “Client” shall include any officer, employee,
representative, or agent of Client). Client shall assume all liability and risk of loss for the
conduct and performance of any third party vendor as contemplated under this Section 6.

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7. Treatment and Default in Payment of Face Value.

In the event that the Face Value is not delivered to IPS at the times and in the manner required
hereunder and by the Settlement Agreement, IPS shall demand by written notice delivered in
accordance with the terms of the Settlement Agreement, the immediate wire transfer of the required
Face Value. In the event that the Face Value is not delivered to IPS prior to 12:00 p.m. Mountain
Time on the following Banking Business Day, then IPS may, at its option (i) suspend Client’s
ability to sell or use Payment Instruments as of 3:00 p.m. Mountain Time on the same Banking
Business Day (the “Suspension Deadline”) and, in the event Client does not suspend its sale or use
of Payment Instruments by the Suspension Deadline, terminate this Agreement; provided, however, if
IPS receives confirmation of the wiring of the Face Value prior to the Suspension Deadline, the
requirement that Client suspend its sale or use of Payment Instruments shall be automatically
vacated; (ii) exercise any legal and/or equitable remedies available for which it shall be entitled
to reimbursement of reasonable attorneys’ fees and expenses; (iii) dishonor any Payment Instrument
used or sold by Client after the Suspension Deadline; (iv) satisfy the amount owed from any funds
which may be due and owing to Client; and/or (v) assess a late charge on the amount of the payment
due for each day Client fails to make such payment equal to the greater of $25.00 or interest
thereon at the rate of two percentage points (2%) above the Prime Rate in effect at that time. If
at any time the aggregate amount of Clearings exceeds the aggregate amount of the Face Value that
Client has remitted to IPS (the “Excessive Clearings”), IPS shall provide Client with written
notice of same and Client shall in accordance with the instructions of IPS, cause the amount
specified by IPS as required to cover the Excessive Clearings to be wired to the Settlement
Account; provided, however, if the Excessive Clearings are greater than $200,000.00, Client shall
cause such wire to be sent for credit on the same Banking Business Day of receipt of such notice,
and if the Excessive Clearings are less than or equal to $200,000.00, Client shall cause such wire
to be sent for credit within three (3) Banking Business Days of receipt of such notice.
Notwithstanding the preceding provisions of this Section 7, no delayed remittance schedule or
Suspension Deadline shall apply, unless the delay in Client’s remittance of the required Face Value
amount to IPS is solely and exclusively attributable to the failure of Wachovia Bank, N.A. to
receive the required settlement funds. Therefore, if the delayed remittance schedule and/or
Suspension Deadline do not apply, all of the IPS optional remedies, set forth in clauses (i)
through (v) of this Section 7, including the right to terminate this Agreement, shall apply.

8. Modifications of Remittance, Reporting and Commission Payment Procedures.

IPS may change the provisions hereof regarding remittance, reporting and commission payments,
including the amount thereof, on a commercially reasonable, good faith basis, on one hundred eighty
(180) days prior written notice to Client. Before the conclusion of this one hundred eighty (180)
day period, Client may terminate this Agreement upon thirty (30) days prior written notice to IPS.
If Client elects to so terminate this Agreement, the changes shall not take effect.

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9. Effect of Termination.

Upon termination of this Agreement, Client shall (a) immediately cease using and selling Payment Instruments, (b) return or destroy, as directed by IPS, and reimburse IPS for the actual
unreimbursed cost of printing incurred by IPS for all Payment Instruments that Client has not used
or sold prior to termination and for the cost of destroying any remaining warehoused inventory of
such Payment Instruments held by IPS, (c) return to IPS any equipment and other property provided
by IPS in accordance with the terms of this Agreement, free and clear of liens and encumbrances
within ninety (90) Banking Business Days from the date of termination and (d) remit to IPS all Face
Value and other amounts due to IPS in accordance with the terms of this Agreement and/or the Trust
Agreement, as applicable, within one (1) Banking Business Day from the date of termination.

10. Miscellaneous.

The parties agree that in lieu of the Settlement Agreement described in Subsection 3(b.) of Part A
hereof, Client shall have the option to (a) provide IPS with a one-day pre-funding amount of Face
Value funds that represents the one-day average Face Value of Payment Instruments that are used or
sold by Client hereunder, which amount would be re-calculated and adjusted each calendar month
during the term of this Agreement, in accordance with IPS’ requirements and procedures or (b) a
letter of credit in an amount acceptable to IPS, that would also be subject to a regular periodic
review and adjustment by IPS, as applicable; provided, however, IPS shall not require the letter of
credit to be issued in an amount that is more than an amount equal to the greatest amount of Face
Value of items paid by IPS on any Banking Business Day during the three hundred sixty five (365)
calendar day period immediately preceding the issuance date of such letter of credit.

11. Conflict.

In the event of any conflict between the terms of this Agreement and the terms of the Settlement
Agreement, the terms of this Agreement shall govern and control.

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Client Name: Global Cash Access, Inc.

Part B: DESCRIPTION OF IPS’ PAYMENT INSTRUMENTS COMMISSION STRUCTURE:

	1.	 	Definitions. Except as otherwise set forth herein, the following terms shall be defined
as follows:

	 	a.	 	“Average Commission Rate” means, with respect to each applicable use of Payment
Instruments, an amount calculated as follows: (i) sum total of the Commission Rate for
each of the days in such calendar month, (ii) divided by the sum of the number of days in
such calendar month.

	 
	 	b.	 	“Average Daily Balance” means, with respect to each applicable use of Payment
Instruments, an amount calculated as follows: (i) total the Daily Balances for each of
the days in such calendar month, (ii) divided by the sum calculated in of the number of
days in such calendar month.

	 
	 	c.	 	“Banking Business Day” means a day (other than a Saturday, Sunday, Federal holiday or
other day that financial institutions are authorized or required to be closed for
business) on which UBOC is open for business.

	 
	 	d.	 	“Commission Rate” means, with respect to each applicable use of Payment Instruments,
a floating rate equal to the rate set forth below. Commission Rates paid by IPS and IPS
Fees paid by Client shall vary depending upon the use of the Payment Instrument as
follows:

	 	 	 	 	 
	Use Of Payment Instrument	 	Commission Rate	 	IPS Fee
	Money Orders

	 	Federal Funds Rate
(Payable on U.S.
Items Only)
	 	Per Attached Exhibit B

	 	e.	 	“Daily Balance” means, with respect to each applicable use of Payment Instruments, an
amount equal to the Face Value of all Payment Instruments used or sold by Client through
the end of such day which have not yet been honored by IPS or escheated as required by
Legal Requirement but with respect to which a sum equal to the Face Value of such Payment
Instruments has been remitted to IPS. Remittances received by IPS after 12:00 p.m.,
Mountain Time, on any Banking Business Day, shall not be credited to Client until the next
Banking Business Day.

	 
	 	f.	 	“IPS Fee” means a fee paid to IPS in the amount set forth in subparagraph e. above
for each Payment Instrument used or sold by Client.

	 
	 	g.	 	“Federal Funds Rate” means the floating rate publicly announces as the Federal Funds
Rate as published by the Federal Reserve Board
(http://www.federalreserve.gov/releases/h15/data/Daily/H15_FF_O.txt), or in the event such
rate is not published thereon, as published in The Wall Street Journal.

	2.	 	Commission Calculation.

	 	a.	 	IPS shall pay to Client a commission payment for each Payment Instrument (payable on
U.S. items only) used or sold, calculated in accordance with the terms hereof. At the end
of each calendar month the commission payment to be delivered to Client shall be
calculated, with respect to use and sale of Payment Instruments, by multiplying the sum of
the Average Daily Balance during that month times that month’s Average Commission Rate,
divided by the number of calendar days in the year, times the number of calendar days in
that month. Such monthly commission payment shall be made within fifteen (15) Banking
Business Days of the beginning of the following calendar month and shall continue to be made until the later of the expiration or earlier
termination of this Agreement or the delivery of all such commission payments accrued
hereunder, as calculated as of the date of such expiration or termination of this
Agreement. IPS’ obligation to pay the required final commission payment shall continue
until such final amount is actually paid. The amount of the commission payment shall be
adjusted to reflect prior and current period adjustments in accordance with IPS’ Service
Requirements.

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11

 

	 	b.	 	Client shall pay IPS the fees set forth in Exhibit B, which amounts shall be deducted
by IPS from the monthly commission payment described above. IPS may also deduct certain
additional fees or other amounts due hereunder from the commission payment described above
associated with PUAs, late wire remittance penalties, and for any additional special
requests made by Client as may be mutually identified and agreed to by the parties. In
the event there are additional fees or charges due and payable by Client to IPS that are
not specifically set forth or otherwise contemplated above, IPS shall deliver an invoice
detailing all of such fees and charges to Client, together with any reasonably required
supporting documentation, and Client shall pay such invoice within thirty (30) calendar
days of receipt thereof by check or money order.

 

12

 

EXHIBIT A

SETTLEMENT AGREEMENT

EXECUTION

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1

 

EXHIBIT B

 FEE SCHEDULE

[OMITTED PURSUANT TO CONFIDENTIAL TREATMENT

REQUEST; FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION]

EXECUTION

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1

 

EXHIBIT C

CLIENT’S WHOLLY OWNED SUBSIDIARIES

	 	 	 
	Name	 	Address
	CashCall Systems Inc.

	 	3525 East Post Road, Suite 120
	 

	 	Las Vegas, NV 89120

EXECUTION

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1

 

STATE SCHEDULE A

With respect to Clients participation in IPS’ Payment Instruments program, this Exhibit A
applies to any of Clients locations in the states listed below.

CALIFORNIA, IDAHO, INDIANA, MAINE, MARYLAND, MINNESOTA, NEW YORK, NORTH CAROLINA,
OREGON, TENNESSEE, WYOMING

Client and IPS are subject to supervision, regulation and disciplinary action, including but not
limited to termination of the Agreement, by or at the direction of the Director (as defined below).
Client hereby consents to the Director’s inspection of the books and records of Client, with or
without prior written notice to IPS or Client.

As used in this Exhibit A, “Director” means the following for each of the states listed below:

California — Commissioner of Financial Institutions

Idaho — Director of the Idaho Department of Finance

Indiana — Director of Indiana Department of Financial Institutions

Maine — Director of Office of Consumer Credit Regulation within the Department of
Professional and Financial Regulation

Maryland — Bank Commissioner of the Department of Licensing and Regulation

Minnesota — Commissioner of Commerce

New York — Superintendent of the New York State Banking Department

North Carolina — Commissioner of Banks of the Sate of North Carolina

Oregon — Director of the Department of Consumer and Business Services

Tennessee — Tennessee Commissioner of Financial Institutions

Wyoming — State Banking Commissioner

CALIFORNIA, DISTRICT OF COLUMBIA, ILLINOIS,

IOWA, MARYLAND, NEW JERSEY, VERMONT,

WASHINGTON, TEXAS

Client will perform all services in compliance with the Act (as defined below) and any rules,
regulations or orders issued thereunder, as amended from time to time.

As used in this Exhibit A, “the Act” means the following for each of the states listed below:

California — Division 16 of the California Payment Instruments Law

District of Columbia — Money Transmissions Law, Chapter 12 of Title 26 of the District of
Columbia Code

Illinois — the laws of the State of Illinois and the United States, including without
limitation, Illinois Transmitters

of Money Act, 205 Illinois Compiled Statutes Section 657

Iowa — Iowa Uniform Money Services Act, Chapter 533C of the Iowa Code

Maryland — Maryland Money Transmission Act, Md. Code Ann., Fin. Inst. Sections 12-401 to
12-431

New Jersey — New Jersey Money Transmitters Act, New Jersey Statutes, Title 17, Chapter 15C.

Vermont — Chapter 79, Title 8 of the Vermont Statutes

Washington — Washington Uniform Money Services Act, Revised Code of Washington, Title 19,
Chapter 19.230

Texas — All laws and regulations of the State of Texas, including, but not limited to, the
posting of the following notice to consumers as required under Title 7, Section 29.12 of the Texas
Administrative Code:

“Complaints concerning the sale of checks activities should be directed to:

Texas Department of Banking

2601 North Lamar Boulevard

Austin, Texas 78705

1-877-276-5554 (toll free)

www.banking.state.tx.us”

ILLINOIS

This Agreement is conditioned on Client receiving approval from the State of Illinois to operate as
a Money Transfer Agent in that State and shall not take effect unless and until such approval is
received. In the event such approval is denied or not received, this Agreement shall be null and
void. If such approval is revoked, IPS may immediately terminate this Agreement upon written
notice, any other provision of this Agreement notwithstanding.

NEW YORK

Client is prohibited from acting on behalf of the consumer as a courier for the transmission of
money, and no Money Order sold may be retained by Client. All Money Orders sold must be given by
the Client to the purchasers of the instruments for their own delivery to the beneficiary.

NORTH CAROLINA

IPS shall issue a certificate of authority for each location at which it conducts licensed
activities in North Carolina through authorized delegates such as Client. The certificate shall be
posted in public view at each location of Client in North Carolina and shall state as follows:
“Money transmission on behalf of IPS is conducted at this location pursuant to the Money
Transmitters Act.”

 

1

 

STATE SCHEDULE A

ARIZONA STATE STATUTE

6-1201. Definitions

In this chapter, unless the context otherwise requires:

1. “Authorized delegate” means a person designated by the licensee under Section 6-1208.

2. “Check cashing” means exchanging for compensation a check, debit card payment order, draft,
money order, traveler’s check or payment instrument of a licensee for money delivered to the
presenter at the time and place of the presentation.

3. “Control” means ownership of fifteen per cent or more of a licensee or controlling person, or
the power to vote fifteen per cent or more of the outstanding voting securities of a licensee or
controlling person. For the purpose of determining the percentage controlled by any one person,
that person’s interest shall be aggregated with the interest of any other person controlled by that
person or an officer, partner or authorized delegate of that person, or by a spouse, parent or
child of that person.

4. “Controlling person” means a person directly or indirectly in control of a licensee.

5. “Engage in the business” means conducting activities regulated under this chapter more than ten
times in any calendar year for compensation or in the expectation of compensation. For purposes of
this paragraph, “compensation” means any fee, commission or other benefit.

6. “Foreign money exchange” means exchanging for compensation money of the United States government
or a foreign government to or from money of another government at a conspicuously posted exchange
rate at the time and place of the presentation of the money to be exchanged.

7. “Licensee” means a person licensed under this chapter.

8. “Location” means a place of business at which activity regulated by this chapter occurs.

9. “Money” means a medium of exchange that is authorized or adopted by a domestic or foreign
government as a part of its currency and that is customarily used and accepted as a medium of
exchange in the country of issuance.

10. “Money accumulation business” means obtaining money from a money transmitter as part of any
activity that is carried on for financial gain if the money that is obtained by all persons acting
in concert in the activity, in amounts of one thousand dollars or more, totals over fifty thousand
dollars in the preceding twelve-month period. Money accumulation business does not include a person
who is subject to the reporting requirements under 31 United States Code Section 5313. The
exception that is established by 31 United States Code Section 5331, subsection (c), paragraph 1
does not apply to persons who are engaged in the money accumulation business.

11. “Money Transmitter” means a person who is located or doing business in this state, including a
check casher and a foreign money exchanger, and who does any of the following:

(a) Sells or issues payment instruments.

(b) Engages in the business of receiving money for the transmission of or transmitting money.

(c) Engages in the business of exchanging payment instruments or money into any form of money
or payment instrument.

(d) Engages in the business of receiving money for obligors for the purpose of paying that
obligor’s bills, invoices or accounts.

(e) Meets the definition of a bank, financial agency or financial institution as prescribed by
31 United States Code Section 5312 or 31 Code of Federal Regulations Section 103.11.

12. “Outstanding payment instruments” means unpaid payment instruments whose sale has been reported
to a licensee.

13. “Payment instrument” means a check, draft, money order, traveler’s check or other instrument or
order for the transmission or payment of money sold to one or more persons whether or not that
instrument or order is negotiable. Payment instrument does not include an instrument that is
redeemable by the issuer in merchandise or service, a credit card voucher or a letter of credit.

14. “Permissible investment” means any of the following:

(a) Money on hand or on deposit in the name of the licensee.

(b) Certificates of deposit or other debt instruments of a bank, savings and loan association
or credit union.

(c) Bills of exchange or time drafts that are drawn on and accepted by a bank, otherwise known
as banker’s acceptances, and that are eligible for purchase by member banks of the Federal Reserve
System.

(d) Commercial paper bearing a rating of one of the three highest grades as defined by a
nationally recognized organization that rates these securities.

(e) Securities, obligations or other instruments whose payment is guaranteed by the general
taxing authority of the issuer, of the United States or of any state or by any other governmental
entity or any political subdivision or instrumentality of a governmental entity and that bear a
rating of one of the three highest grades by a nationally recognized investment service
organization that has been engaged regularly in rating state and municipal issues for at least five
years.

(f) Stocks, bonds or other obligations of a corporation organized in any state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico or the several territories
organized by Congress that bear a rating of one of the three highest grades by a nationally
recognized investment service organization that has been engaged regularly in rating corporate
securities for at least five years.

(g) Any receivable that is due to a licensee from its authorized delegate pursuant to a
contract between the licensee and authorized delegate as prescribed in Section 6-1208 if the amount
of investment in those receivables does not exceed ninety per cent of the total amount of those
receivables after subtracting the amount of those receivables that are past due or doubtful of
collection.

15. “Responsible individual” means a person who is employed by a licensee and who has principal
active management authority over the business of the licensee in this state that is regulated under
this chapter.

16. “Trade or business” has the same meaning prescribed in Section 162 of the Internal Revenue Code
of 1954 and includes the money accumulation business.

17. “Transmitting money” means the transmission of money by any means including transmissions
within this country or to or from locations abroad by payment instrument, wire, facsimile, internet
or any other electronic transfer, courier or otherwise.

18. “Traveler’s check” means an instrument identified as a traveler’s check on its face or commonly
recognized as a traveler’s check and issued in a money multiple of United States or foreign
currency with a provision for a specimen signature of the purchaser to be completed at the time of
purchase and a countersignature of the purchaser to be completed at the time of negotiation.

EXECUTION

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6-1202. License required

A. A person shall not sell or issue payment instruments, engage in the business of receiving money
for transmission or transmitting money, engage in the business of exchanging payment instruments or
money into any form of money or payment instrument or engage in the business of receiving money for
obligors for the purpose of paying that obligor’s bills, invoices or accounts without first
obtaining a license as provided in this chapter or becoming an authorized delegate of a licensee
with respect to those activities. A licensee is under the jurisdiction of the department. A person
who is not licensed under this chapter or who is not an authorized delegate of a licensee with
respect to those activities is presumed to be engaged in a business that is regulated by this
chapter and that requires a license if he advertises, solicits or holds himself out as being in the
business of selling or
  issuing payment instruments, of receiving money for transmission or transmitting money or of
converting one form of money to another form of money.

B. No person other than a corporation organized and in good standing under the laws of the state of
its incorporation or, if a corporation organized under the laws of a country other than the United
States and in good standing under the laws of the country of its incorporation and authorized to do
business in this state, may apply for or be issued a license as provided in this chapter.

C. A person engages in business activity regulated by this chapter in this state if any of the
following applies:

1. Conduct constituting any element of the regulated activity occurs in this state.

2. Conduct occurs outside this state and constitutes an attempt, offer or conspiracy to engage
in the activity within this state and an act in furtherance of the attempt, offer or conspiracy
occurs within this state.

3. As part of a business activity described by this section a person knowingly transmits money
into this state or makes payments in this state without disclosing the identity of each person on
whose behalf money was transmitted or payment was made.

6-1203. Exemptions

A. This chapter does not apply to:

1. The United States or any department or agency of the United States.

2. This state, including any political subdivision of this state.

B. This chapter does not apply to the following if engaged in the regular course of their
respective businesses, except that the provisions of Article 2 of this chapter apply to:

1. A bank, financial institution holding company, credit union, savings and loan association
or savings bank, whether organized under the laws of any state or the United States when the term
“Money Transmitter” is used.

2. A person who engages in check cashing or foreign money exchange and engages in other
activity regulated under this chapter only as an authorized delegate of a licensee acting within
the scope of the contract between the authorized delegate and the licensee.

3. A person licensed pursuant to chapter 5, 6, 7 or 8 of this title, chapter 9, article 2 of
this title, chapter 12.1 of this title or title 32, chapter 9.

6-1204. Application for License; Fees

A. Each application for a license shall be made in writing, under oath and in the form
prescribed by the superintendent. The application shall contain at least the following:

1. Copies of the articles of incorporation for the applicant, a listing of all trade names
or fictitious names used by the applicant and other information concerning the corporate status of
the applicant.

2. The address of the applicant’s principal place of business, the address of each
location where the applicant intends to transact business in this state, including any branch
offices, and the name and address of each location of any authorized delegates.

3. For each executive officer and director of the applicant and for each executive officer
and director of any controlling person, unless the controlling person is a publicly traded company
on a recognized national exchange and has assets in excess of four hundred million dollars, a
statement of personal history in the form prescribed by the superintendent.

4. An identification statement for each branch manager and responsible individual including all
of the following:

(a) Name and any aliases or previous names used.

(b) Date and place of birth.

(c) Alien registration information, if applicable.

(d) Employment history and residence addresses for the preceding fifteen years.

(e) Social security number.

(f) Criminal convictions, excluding traffic offenses.

5. The name and address of each authorized delegate.

6. The identity of any account in any financial institution through which the applicant
intends to conduct any business regulated under this chapter.

7. A financial statement audited by a licensed independent certified public accountant.

6-1205. Bond Required; Conditions; Notice; Cancellation; Substitution

A. Each application for a license shall be accompanied by and each licensee shall maintain at all
times a bond executed by the licensee as principal and a surety company authorized to do business
in this state as surety. The bond shall be in the amount of twenty-five thousand dollars for a
licensee with five or fewer authorized delegates and locations, one hundred thousand dollars for a
licensee with more than five but fewer than twenty-one authorized delegates and locations and an
additional five thousand dollars for each authorized delegate and location in excess of twenty but
fewer than two hundred one authorized delegates and locations, to a maximum of two hundred fifty
thousand dollars and an additional five thousand dollars for each authorized delegate and location
in excess of two hundred authorized delegates and locations, to a maximum of five hundred thousand
dollars.

B. The bond shall be conditioned on the faithful compliance of the licensee, including its
directors, officers, authorized delegates and employees, with this chapter. The bond shall be
payable to any person injured by the wrongful act, default, fraud or misrepresentation of the
licensee, his authorized delegates or his employees or to the state for the benefit of the person
injured. Only one bond is required for any licensee irrespective of the number of officers,
directors, locations, employees or authorized delegates of that licensee.

C. The bond shall remain in effect until cancelled by the surety, which cancellation may be had
only after thirty days’ written notice to the superintendent. That cancellation does not affect any
liability incurred or accrued during the thirty-day period.

D. In lieu of the bond prescribed in this section, an applicant for a license or a licensee may
deposit with the superintendent cash or alternatives to cash acceptable to the superintendent in
the amount of the required bond. Notwithstanding § 35-155, subsection E, the principal amount of
the deposit shall be released only on written authorization of the superintendent or on the order
of a court of competent jurisdiction. The principal amount of the deposit shall not be released to
the licensee before the expiration of five years from the first occurrence of any of the following:

1. The date of substitution of a bond for a cash alternative unless the superintendent
determines in his discretion that the bond constitutes adequate security for all past, present or
future obligations of the licensee. After that determination, the cash alternative may be
immediately released.

2. The surrender of the license.

3. The revocation of the license.

4. The expiration of the license.

E. Notwithstanding subsections A through D of this section, if the required amount of the bond is
reduced, whether by change in the number of authorized delegates or locations or by legislative
action, a cash deposit in lieu of that bond shall not be correspondingly reduced but shall be
maintained at the higher amount until the expiration of three years from the effective date of the
reduction in the required amount of that bond unless the superintendent in his discretion
determines otherwise.

EXECUTION

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6-1205.01. Net Worth Requirements

A. Each applicant for a license shall have and each licensee shall maintain at all times a net
worth of at least one hundred thousand dollars, calculated according to generally accepted
accounting principles.

B. Any licensee who is engaged in the business regulated under this chapter at more than one
location pursuant to Section 6-1207 or through authorized delegates pursuant to Section 6-1208
shall have an additional net worth of fifty thousand dollars for each location or authorized
delegate located in this state, as applicable, to a maximum of five hundred thousand dollars.

C. A licensee whose business conducts a total of more than five hundred thousand dollars in
transactions that involve transmitting money in an amount of one thousand dollars or more during
the preceding year shall maintain net worth in addition to the amounts required by subsections a
and b of this section. The additional net worth shall be not less than ten per cent of the total of
such transactions conducted in this state, calculated according to generally accepted accounting
principles to a maximum of five hundred thousand dollars.

6-1206. Issuance of License; Renewal

A. On the filing of a complete application, the superintendent shall investigate the financial
condition and responsibility, financial and business experience, character and general fitness of
the applicant. In his discretion, the superintendent may conduct an on-site investigation of the
applicant, the reasonable cost of which shall be borne by the applicant. The superintendent shall
issue a license to an applicant if the superintendent finds that all of the following conditions
are met:

1. The applicant has complied with §§ 6-1204, 6-1205 and 6-1205.01.

2. The competence, experience and integrity of the officers, directors and controlling persons
and any proposed management personnel indicate that it would be in the interest of the public to
permit such person to participate in the affairs of a licensee.

3. The applicant has paid the required license fee.

B. The superintendent shall approve or deny every application for an original license within one
hundred twenty days after the date an application is complete, which period may be extended by the
written consent of the applicant. The superintendent shall notify the applicant of the date on
which the application is determined to be complete. In the absence of approval or denial of the
application or consent to the extension of the one hundred twenty day period, the application is
deemed approved and the superintendent shall issue the license effective as of the first business
day after that one hundred twenty day period or any extended period.

C. A licensee shall pay a renewal fee as prescribed in § 6-126 on or before November 1 of each
year. The renewal fee shall be accompanied by a renewal application in the form prescribed by the
superintendent. A license for which no renewal fee and application have been received by November 1
shall be suspended. A licensee may renew a suspended license no later than December 1 of the year
of expiration by paying the renewal fee plus one hundred dollars for each day the renewal fee and
application were not received by the superintendent. A license expires on December 1 of each year,
unless earlier renewed, surrendered or revoked. A license shall not be granted to the holder of an
expired license or to an incorporator, director or officer of the holder of an expired license
except on compliance with the requirements provided in this article for an original license.

6-1207. Principal and Branch Offices; Notices

A. A licensee shall designate and maintain a principal place of business for the transaction of
business regulated by this chapter. If a licensee maintains one or more places of business in this
state, the licensee shall designate a place of business in this state as its principal place of
business for purposes of this section. The license shall specify the address of the principal place
of business and shall designate a responsible individual for its principal place of business.

B. If a licensee maintains one or more locations in this state in addition to a principal place of
business, and those locations are to be under the control of the licensee and not under the control
of authorized delegates as prescribed in § 6-1208, the licensee shall obtain a branch office
license from the superintendent for each additional location by filing an application as required
by the superintendent at the time the licensee files its license application. If branch offices are
added by the licensee, the licensee shall file with the superintendent an application for a branch
office license with the licensee’s next quarterly fiscal report prescribed by § 6-1211. The
superintendent shall issue a branch office license if the superintendent determines that the
licensee has complied with the provisions of this subsection. The license shall indicate on its
face the address of the branch office and shall designate a manager for each branch office to
oversee that office. The superintendent may disapprove the designated manager then or at any later
time if the superintendent finds that the competence, experience and integrity of the branch
manager warrants disapproval. A person may be designated as the manager for more than one branch.
The licensee shall submit a fee as prescribed in § 6-126 for each branch office license.

C. A licensee shall prominently display the money transmitter license in its principal place of
business and the branch office license in each branch office. Each authorized delegate shall
prominently display at each location a notice in a form prescribed by the superintendent that
indicates that the authorized delegate is an authorized delegate of a licensee under this chapter.

D. The address of the principal place of business or any branch office is changed, the licensee
shall immediately notify the superintendent of the change. The superintendent shall endorse the
change of address on the license for a fee as prescribed in § 6-126.

6-1208. Authorized Delegates of Licensee; Reports

A. A licensee may conduct the business regulated under this chapter at one or more locations in
this state through authorized delegates designated by the licensee.

B. Each contract between a licensee and an authorized delegate shall require the authorized
delegate to operate in full compliance with the law and shall contain as an appendix a current copy
of this chapter. The licensee shall provide each authorized delegate with operating policies and
procedures sufficient to permit compliance by the delegate with the provisions of title 13, chapter
23 and this chapter and rules adopted pursuant to this chapter. The licensee shall promptly update
the policies and procedures to permit compliance with those laws and rules.

C. An authorized delegate is not liable for any obligation imposed on its licensee by this chapter
with respect to the business for which it is a delegate. On suspension or revocation of a license
or the failure of a licensee to renew its license, the superintendent shall notify all delegates of
the licensee who are on record with the department of the department’s action. On receipt of this
notice, an authorized delegate shall immediately cease to operate as a delegate of that licensee.

6-1209. Cease and Desist Orders; Examinations

A. In addition to his authority under § 6-137, the superintendent may issue an order to cease and
desist against a licensee, requiring the licensee to cease conducting its business through an
authorized delegate and to take appropriate affirmative action, pursuant to § 6-137, if the
superintendent finds that:

1. The authorized delegate has violated, is violating or is about to violate any applicable
law or rule or order of the superintendent.

2. The authorized delegate has failed to cooperate with an examination or investigation by the
superintendent or the attorney general authorized by this title.

3. The competence, experience, integrity or overall moral character of the authorized delegate
or any controlling person of the authorized delegate indicates that it would not be in the interest of the public to permit that person to
participate in the business regulated under this chapter.

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4. The financial condition of the authorized delegate is such that it might prejudice the
interests of the public in the conduct of the business regulated under this chapter.

5. The authorized delegate has engaged, is engaging or is about to engage in any unsafe or
unsound act, practice or transaction or an act, practice or transaction that constitutes a
violation of this title or of any rule or order of the superintendent.

B. Any business for which a license is required by this chapter conducted by an authorized delegate
outside the scope of authority conferred in the contract between the authorized delegate and the
licensee is unlicensed activity. An authorized delegate of a licensee holds in trust for the
benefit of the licensee all monies received from the sale or delivery of the licensee’s payment
instruments or monies received for transmission. If an authorized delegate commingles any such
monies with any monies or other property owned or controlled by the authorized delegate, a trust
against all commingled proceeds and other monies or property owned or controlled by the authorized
delegate is imposed in favor of the licensee in an amount equal to the amount of the proceeds due
the licensee.
C. An authorized delegate is subject to examination by the superintendent at the discretion of the
superintendent. The licensee is responsible for the payment of an assessment for the examination of
its authorized delegates to the extent that the examination relates to the activities conducted by
the authorized delegate on behalf of the licensee. That assessment shall be made at the rate set by
the superintendent for examination of an enterprise pursuant to § 6-125, subsection B, and payment
of that assessment shall be made as prescribed by § 6-125.

6-1210. Suspension or Revocation of Licenses

The superintendent may suspend or revoke a license if the superintendent finds any of the
following:

1. The licensee has made a material misstatement or suppressed or withheld information on an
application for a license or any document required to be filed with the superintendent.

2. A fact or condition exists that, if it had existed or had been known at the time the licensee
applied for its license, would have been grounds for denying the application.

3. The licensee is insolvent as defined in § 47-1201.

4. The licensee has violated any provision of title 13, chapter 23, this chapter or rules adopted
pursuant to this chapter or any order of the superintendent.

5. An authorized delegate of the licensee has violated any provision of title 13, chapter 23, this
chapter or rules adopted thereunder or any order of the superintendent as a result of a course of
negligent failure to supervise or as a result of the willful misconduct of the licensee.

6. The licensee refuses to permit the superintendent or the attorney general to make any
examination authorized by this title.

7. The licensee knowingly fails to make any report required by this chapter.

8. The licensee fails to pay a judgment entered in favor of a claimant, plaintiff or creditor in an
action arising out of the licensee’s business regulated under this article within thirty days after
the judgment becomes final or within thirty days after expiration or termination of a stay of
execution or other stay of proceedings, whichever is later. If execution on the judgment is stayed
by court order, operation of law or otherwise, proceedings to suspend or revoke the license for
failure of the licensee to comply with that judgment may not be commenced by the superintendent
under this subsection until thirty days after that stay.

9. The licensee has been convicted in any state of a felony or of any crime involving a breach of
trust or dishonesty.

6-1211. Reports

Each licensee shall file with the superintendent within forty-five days after the end of each
fiscal quarter a consolidated financial statement including a balance sheet, income and expense
statements and a list of all authorized delegates, branch managers, responsible individuals and
locations within this state that have been added or terminated by the licensee within the fiscal
quarter. Information regarding branch managers and responsible individuals shall include the
information prescribed in § 6-1204, subsection A, paragraph 4. For locations and authorized
delegates, the licensee shall include the name and street address of each location and authorized
delegate.

6-1212. Permissible Investments

A. Every licensee shall maintain at all times permissible investments that comply with either of
the following:

1. A market value computed in accordance with generally accepted accounting principles of not
less than the aggregate amount of all of its outstanding payment instruments.

2. A net carrying value computed in accordance with generally accepted accounting principles
of not less than the aggregate amount of all of its outstanding payment instruments, provided the
market value of these permissible investments is at least ninety-five per cent of the net carrying
value.

B. Notwithstanding any other provision of this chapter, the superintendent, with respect to any
particular licensee or all licensees, may limit the extent to which any class of permissible
investments as defined in § 6-1201 may be considered a permissible investment, except for money and
certificates of deposit. The superintendent may by rule prescribe or by order allow other types of
investments which the superintendent determines to have substantially equivalent safety as other
permissible investments to be considered a permissible investment under this chapter.

6-1213. Records

A. Each licensee shall keep and use in its business books, accounts and records in accordance with
generally accepted accounting principles that will enable the superintendent to determine whether
that licensee is complying with the provisions of this chapter. Each licensee and authorized
delegate shall preserve its records for at least five years after making the final entry on any
transaction. Each authorized delegate shall keep records as required by the superintendent.

B. For each authorized delegate, the licensee shall maintain records that demonstrate that the
licensee conducted a reasonable background investigation of each authorized delegate. A licensee
shall preserve those records for at least five years after the authorized delegate’s most recent
designation by the licensee. For an authorized delegate designated after November 1, 1991, the
records shall be available at all times, and for an authorized delegate designated on or before
November 1, 1991, the records shall be available at all times after November 1, 1992.

C. The records of the licensee regarding the business regulated under this chapter shall be
maintained at its principal place of business or, with notice to the superintendent, at another
location designated by the licensee. If the records are maintained outside this state, the
superintendent may require that the licensee make those records available to the superintendent at
his office not more than five business days after demand. The superintendent may further require
that those records be accompanied by an individual who is available to answer questions regarding
those records and the business regulated under this chapter. The superintendent may require the
appearance of a specific individual or may request the licensee to designate an individual
knowledgeable with regard to the records and the business. The individual appearing with the
records shall be available to the superintendent for up to three business days.

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D. On-site examinations of records prescribed by this chapter may be conducted in conjunction with
representatives of other state agencies or agencies of another state or of the federal government
as determined by the superintendent. In lieu of an on-site examination, the superintendent may
accept the examination report of an agency of this state or of another state or of the federal
government or a report prepared by an independent
licensed certified public accountant. Joint examination or acceptance of an examination report
shall not be deemed a waiver of examination assessments provided by law, and joint reports and
reports accepted under this subsection are considered an official report of the department for all
purposes. Information obtained by examinations prescribed by this article shall be disclosed only
as provided in § 6-129.

6-1214. Liability of Licensees

Each licensee is liable for the payment of all moneys covered by payment instruments that it sells
or issues in any form in this state whether directly or through an authorized delegate and whether
as a maker or drawer or as money received for obligors or for transmission by any means whether or
not that instrument is a negotiable instrument under the laws of this state.

6-1215. Notice of Source of Instrument; Transaction Records

A. Every payment instrument sold by a licensee directly or through an authorized delegate shall
bear the name of the licensee and a unique consecutive number clearly stamped or imprinted on it.

B. For every transaction involving the receipt of money from a customer, the licensee or authorized
delegate who receives the money shall maintain written records of the transaction. The records may
be reduced to computer or other electronic medium. The records collectively shall contain the name
of the licensee, the street address of the location where the money was received, the name and
street address of the customer if reported to the licensee or authorized delegate, the approximate
date of the transaction, the name or other information from which, together with other
contemporaneous records, the superintendent can determine the identity of those employees of the
licensee or authorized delegate who may have conducted the transaction and the amount of the
transaction. The information required by this section shall be available through the licensee or
authorized delegate who received the money for at least five years from the date of the
transaction.

6-1216. Acquisition of control

A. A person shall not directly or indirectly acquire control of a licensee or controlling person
without the prior written approval of the superintendent, except as otherwise provided by this
section.

B. An application for approval to acquire control of a licensee shall be in writing in a form
prescribed by the superintendent and shall be accompanied by information as the superintendent may
require. The application shall be accompanied by the fee prescribed in § 6-126. The superintendent
shall act on the application within one hundred twenty days after the date on which the application
is complete, unless the applicant consents in writing to an extended period. An application that is
not denied or approved within that period shall be deemed approved as of the first business day
after the expiration of that period.

C. The superintendent shall deny the application to acquire control of a licensee if he finds that
the acquisition of control is contrary to law or determines that disapproval is reasonably
necessary to protect the interest of the public. In making that determination, the superintendent
shall consider both of the following:

	1.	 	Whether the financial condition of the person that seeks to control the licensee might
jeopardize the financial condition of the licensee or prejudice the interests of the public in
the conduct of the business regulated under this chapter.

2. Whether the competence, experience, integrity and overall moral character of the person
that seeks to control the licensee, or the officers, directors and controlling persons of the
person that seeks to control the licensee, indicate that it would not be in the interest of the
public to permit that person to control the licensee.

D. Nothing in this section prohibits a person from negotiating or entering into agreements subject
to the condition that the acquisition of control will not be effective until approval of the
superintendent is obtained.

E. This section does not apply to any of the following persons or transactions:

	1.	 	A registered dealer who acts as an underwriter or member of a selling group in a public
offering of the voting securities of a licensee or controlling person of a licensee.

2. A person who acts as proxy for the sole purpose of voting at a designated meeting of
the security holders of a licensee or controlling person of a licensee.

3. A person who acquires control of a licensee or controlling person of a licensee by devise
or descent.

4. A person who acquires control of a licensee or controlling person as a personal
representative, custodian, guardian, conservator, trustee or any other officer appointed by a court
of competent jurisdiction or by operation of law.

5. A pledgee of a voting security of a licensee or controlling person who does not have the
right, as pledgee, to vote that security.

6. A person or transaction that the superintendent by rule or order exempts in the public
interest.

F. Before filing an application for approval to acquire control, a person may request in writing a
determination from the superintendent as to whether that person will be deemed in control on
consummation of a proposed transaction. If the superintendent determines in response to that
request that the person will not be in control within the meaning of this chapter, the
superintendent shall enter an order to that effect and the proposed transaction is not subject to
the requirements of this section.

6-1217. Appointment of Superintendent as Agent for Service of Process; Forwarding of Process;
Consent to Jurisdiction

A. A licensee, an authorized delegate or a person who knowingly engages in business activities that
are regulated under this chapter with or without filing an application is deemed to have done both
of the following:

	1.	 	Consented to the jurisdiction of the courts of this state for all actions arising under
this chapter.

2. Appointed the superintendent as his lawful agent for the purpose of accepting service
of process in any action, suit or proceeding that may arise under this chapter.

B. Within three business days after service of process upon the superintendent, the superintendent
shall transmit by certified mail copies of all lawful process accepted by the superintendent as an
agent to that person at its last known address. Service of process shall be considered complete
three business days after the superintendent deposits the copies of the documents in the United
States mail.

6-1218. Prohibited Transactions

A person shall not engage in conduct requiring a license under this chapter as an authorized
delegate of a principal if that principal is not licensed under this chapter. A person who does so
shall be deemed to be the principal seller, issuer or actor, and not merely an authorized delegate,
and is liable to the holder, remitter or customer as the principal.

6-1219. Violation; Classification

A person who refuses to permit any lawful investigation by the superintendent, a county attorney or
the attorney general or who refuses to make records available to the superintendent, a county
attorney or the attorney general pursuant to Section 6-1241, Subsection H is guilty of a class 6 felony.

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6-1241. Reports to the Attorney General; Violation; Classification

A. Within thirty days after any transaction or series or pattern of transactions that is conducted
or attempted by, at or through the business and that involves or aggregates five thousand dollars
or more in funds or other assets, each licensee and authorized delegate of a licensee and each
money transmitter shall file with the attorney general’s office in a form prescribed by the
attorney general a report of the transaction or series or pattern of transactions if the licensee,
authorized delegate or money transmitter knows, suspects or has reason to suspect that the activity
either:

1. Involves funds that are derived from illegal activities, is intended or conducted in order
to hide or disguise funds or other assets that are derived from illegal activities, including,
without limitation, the ownership, nature, source, location or control of the funds or other
assets, as part of a plan to violate or evade any law or regulation or to avoid any transaction
reporting requirement under this chapter or may constitute a possible money laundering violation
under Section 13-2317 or other racketeering violation as defined in Section 13-2301.

2. Has no business or apparent lawful purpose or is not the sort of activity in which the
particular customer would normally be expected to engage and the licensee, authorized delegate or
money transmitter knows of no reasonable explanation for the activity after examining the available
facts, including the background and possible purpose of the activity.

B. A licensee, authorized delegate or money transmitter that is required to file a report regarding
business conducted in this state pursuant to the Currency and Foreign Transactions Reporting Act
(31 United States Code Sections 5311 through 5326, including any special measures that are
established under 31 United States Code Section 5318a, and 31 Code of Federal Regulations Part 103
or 12 Code of Federal Regulations Section 21.11) shall file a duplicate of that report with the
attorney general.

C. All persons who are engaged in a trade or business and who receive more than ten thousand
dollars in money in one transaction or who receive more than ten thousand dollars in money through
two or more related transactions shall complete and file with the attorney general the information
required by 31 United States Code Section 5331 and the Federal Regulations relating to this Section
concerning reports relating to cash received in trade or business.

D. A licensee, authorized delegate or money transmitter that is regulated under the Currency and
Foreign Transactions Reporting Act (31 United States Code Section 5325 and 31 Code of Federal
Regulations part 103) and that is required to make available prescribed records to the secretary of
the United States department of treasury on request at any time shall follow the same prescribed
procedures and create and maintain the same prescribed records relating to each transaction.

E. In addition to the requirements under subsection d of this Section and in connection with each
transaction that involves transmitting money in an amount of one thousand dollars or more, whether
sending or receiving, a licensee or, for transactions conducted through an authorized delegate, an
authorized delegate shall retain a record of each of the following:

1. The name and social security or taxpayer identification number, if any, of the individual
presenting the transaction and the person and the entity on whose behalf the transaction is to be
effected.

2. The type and number of the customer’s verified photographic identification, as described in
31 Code of Federal Regulations Section 103.28.

3. The customer’s current occupation.

4. The customer’s current residential address.

5. The customer’s signature.

F. Subsection e of this Section does not apply to transactions by which the licensee’s customer is
making a bill payment either to a commercial creditor pursuant to a contract between the licensee
and the commercial creditor or to a utility company.

G. Each licensee shall create records that reflect the provision of updated operating policies and
procedures pursuant to Section 6-1208, subsection b and of instruction that promotes compliance
with this chapter, title 13, chapter 23 and 31 United States Code Section 5318, including the
identification of the provider and the material and instruction that was provided.

H. On request of the attorney general, a county attorney or the superintendent, a licensee,
authorized delegate or money transmitter shall make any records that are created pursuant to this
Section available to the attorney general, a county attorney or the superintendent at any time.

I. A licensee or, for transactions conducted through an authorized delegate, an authorized delegate
shall maintain any customer identification records that are created pursuant to subsection e of
this Section for three years. After three years, the licensee or, for transactions conducted
through an authorized delegate, the authorized delegate shall deliver the customer identification
records to the attorney general. The attorney general shall make the records available on request
to the superintendent or a county attorney but shall not otherwise distribute the customer
identification records without a court order. The customer identification records shall not be used
for any purpose other than for criminal and civil prosecution and the prevention and detection of
fraud and other criminal conduct.

J. If the superintendent or the Attorney General finds that reasonable grounds exist for requiring
additional record keeping and reporting in order to carry out the purposes of this chapter and to
prevent the evasion of this chapter, the superintendent or the Attorney General may:

1. Issue an order requiring any group of licensees, authorized delegates or money transmitters
in a geographic area to do any of the following:

(a) Obtain information regarding transactions that involve total dollar amounts or
denominations of five hundred dollars or more, including the names of any persons participating in
those transactions.

(b) Maintain records of that information for at least five years and make those records
available to the attorney general and the superintendent.

(c) File a report with the attorney general and the superintendent regarding any transaction
in the manner prescribed in the superintendent’s order.

2. Issue an order exempting any group of licensees or authorized delegates from the
requirements of subsection e of this Section based on the geographic area, the volume of business
conducted, the record of compliance with the reporting requirements of this chapter and other
objective criteria.

K. An order issued pursuant to subsection J of this Section is not effective for more than one
hundred eighty days unless renewed after finding that reasonable grounds exist for continuation of
the order.

L. The timely filing of a report required by this Section with the appropriate federal agency shall
be deemed compliance with the reporting requirements of this section, unless the attorney general
has notified the superintendent that reports of that type are not regularly and comprehensively
transmitted by that federal agency to the attorney general.

M. This chapter does not preclude a licensee, authorized delegate, money transmitter, financial
institution or person engaged in a trade or business from instituting contact with and disclosing
customer financial records to appropriate state or local law enforcement agencies if the licensee,
authorized delegate, money transmitter, financial institution or person has information that may be
relevant to a possible violation of any criminal statute or to the evasion or attempted evasion of
any reporting requirement of this chapter.

N. A licensee, authorized delegate, money transmitter, financial institution, person engaged in a
trade or business or director, officer, employee, agent or authorized delegate of any of them that
keeps or files a record as prescribed by this Section, that communicates or discloses information
or records under subsection M of this Section or that requires another to make any such disclosure
is not liable to any person under any law or rule of this State or any political subdivision of
this state or under any contract or other legally enforceable agreement, including any arbitration
agreement, for the disclosure or for the failure to provide notice of the disclosure to the person
who is the subject of the disclosure or to any other person who is identified in the disclosure this subsection shall be construed to be consistent with 31 United
States Code Section 5318 (g)(3).

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O. The attorney general may report any possible violations indicated by analysis of the reports
required by this chapter to any appropriate law enforcement agency for use in the proper discharge
of its official duties. If an officer or employee of this state or any political subdivision of
this state receives a report pursuant to 31 United States Code Section 5318(g), the report shall be
disclosed only as provided in 31 United States Code Section 5318(g). A person who releases
information received pursuant to this subsection except in the proper discharge of official duties
is guilty of a class 2 misdemeanor.

P. The requirements of this Section shall be construed to be consistent with the requirements of
the currency and foreign transactions reporting act, 31 United States Code Sections 5311 through
5326 and Federal Regulations prescribed under those sections unless the context otherwise requires.

6-1242. Investigations

A. The attorney general may conduct investigations within or outside this state to determine if a
licensee, authorized delegate, money transmitter, financial institution or person engaged in a
trade or business has failed to file a report required by this article or has engaged or is
engaging in an act, practice or transaction that constitutes a money laundering violation as
provided in § 13-2317.

B. On request of the attorney general, all licensees, authorized delegates, money transmitters and
financial institutions shall make their books and records available to the attorney general during
normal business hours for inspection and examination in connection with an investigation pursuant
to this section.

	 	 	 	 	 
	 

	 	AGENT:	 	 
	 

	 	 	 	 

 

	 	 	 	 	 
	 

	 	Signature:	 	 
	 

	 	 	 	 

 

	 	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 

 

	 	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

EXECUTION

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