Document:

EX-10.3

 Exhibit 10.3 
  

			
		  	NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) dated as of [                    ], between AP
GAMING HOLDCO, INC., a Delaware corporation (the “Company”), and the Optionee set forth on the signature page to this Agreement (the “Optionee”).

 WHEREAS, the Company, acting through the Company’s Board of Directors (the
“Board”) has agreed to grant to the Optionee, effective on the date hereof (the “Grant Date”), an option under the AP Gaming Holdco, Inc. 2014 Long-Term Incentive Plan (the “Plan”) (capitalized
terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Plan or the Securityholders Agreement (as defined in the Plan), as the case may be) to purchase a number of shares of Common Stock
(“Shares”) on the terms and subject to the conditions set forth in this Agreement and the Plan; 
 [WHEREAS, as of
the date hereof the Optionee is purchasing Shares from the Company pursuant to the Subscription Agreement and has entered into an adoption agreement, dated as of the date hereof, pursuant to which the Optionee became a party to the Securityholders
Agreement;]1 and 
 WHEREAS, future securities in the Company (including those
being acquired pursuant to this Agreement) owned by the Optionee shall be subject to the terms of the Securityholders Agreement. 
 NOW,
THEREFORE, in consideration of the promises and of the mutual agreements contained in this Agreement, the parties hereto hereby agree as follows: 

Section 1. The Plan. The terms and provisions of the Plan are hereby incorporated into this Agreement as if set forth herein in
their entirety. In the event of a conflict between any provision of this Agreement and the Plan, the provisions of the Plan shall control. A copy of the Plan may be obtained from the Company by the Optionee upon request. 

Section 2. Option; Option Price. Effective on the Grant Date, on the terms and subject to the conditions of the Plan and this
Agreement, the Company hereby grants to the Optionee the option (the “Option”) to purchase Shares pursuant to Tranche A options (“Tranche A Options”), Tranche B options (“Tranche B Options”) and
Tranche C Options (“Tranche C Options”) at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. To the extent permitted by the Board, payment of the Option Price may be
made in any manner specified by Section 5.6 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Code. 

Section 3. Term. The term of the Option shall commence on the Grant Date and expire on the tenth anniversary of the Grant Date,
unless the Option shall have sooner been terminated in accordance with the terms of the Plan or this Agreement. 
  

	1 	Include if applicable. 

 Section 4. Vesting. Subject to the Optionee’s not having a Termination of
Service prior to the applicable vesting date and except as otherwise set forth in Section 7, the Options shall become exercisable (any Options that shall have become exercisable pursuant to this Section 4, the “Vested
Options”) in accordance with the following provisions: 
 (a) Tranche A Options. Twenty percent (20%) of the Tranche A
Options shall become Vested Options on each of the first five anniversaries of the Grant Date. In the event of a Termination of Service by the Company or its Subsidiaries without Cause or as a result of the Optionee’s death or Disability (each,
a “Good Leaver Termination”), any Tranche A Options which would have vested on the next applicable vesting date shall become Vested Options, and the remaining Tranche A Options which are not Vested Options shall be forfeited. In
addition, upon a Change in Control, subject to Optionee’s continued employment through the date of the Change in Control, all outstanding unvested Tranche A Options shall immediately vest and become Vested Options. 

(b) Tranche B Options. All of the Tranche B Options shall become Vested Options upon the Optionee’s continued employment with the
Company or its Subsidiaries through the first date that the Investor achieves an Investor IRR (as determined on a quarterly compounded basis) equal to or in excess of 20%, subject to a minimum cash-on-cash return of 2.5 times the Investor
Investment (the “Tranche B Targets”). In the event of a Good Leaver Termination, each unvested Tranche B Option will remain eligible to vest subject to the satisfaction of the Tranche B Targets (without regard to the continued
service requirement) until the first anniversary of the date of Termination of Service and all unvested Tranche B Options shall be forfeited at that time. In the event of a Change in Control upon which the Tranche B Targets are achieved, all
outstanding unvested Tranche B Options will immediately vest and become Vested Options. 
 (c) Tranche C Options. All of the Tranche
C Options shall become Vested Options upon the Optionee’s continued employment with the Company or its Subsidiaries through the first date that the Investor achieves an Investor IRR (as determined on a quarterly compounded basis) equal to or in
excess of 25%, subject to a minimum cash-on-cash return of 3.0 times the Investor Investment (the “Tranche C Targets”). In the event of a Good Leaver Termination, each unvested Tranche C Option will remain eligible to vest
subject to the satisfaction of the Tranche C Targets (without regard to the continued service requirement) until the first anniversary of the date of Termination of Service and all unvested Tranche C Options shall be forfeited at that time. In the
event of a Change in Control upon which the Tranche C Targets are achieved, all outstanding unvested Tranche C Options will immediately vest and become Vested Options. 

(d) All decisions by the Board with respect to any calculations pursuant to this Section 4 (absent manifest error), including
determination of the Investor IRR and cash-on-cash return, shall be final and binding on the Optionee. 
 Section 5. Restriction on
Transfer/Securityholders Agreement. The Option may not be transferred, pledged, assigned, hypothecated or otherwise disposed of in any way by the Optionee, except (i) if permitted by the Board, (ii) by will or the laws of descent and
distribution or (iii) pursuant to beneficiary designation procedures approved by the Company. The Option 

  
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shall not be subject to execution, attachment or similar process. Shares of Common Stock acquired pursuant to the exercise of Options hereunder will be subject to the Securityholders Agreement.
Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions of this Agreement or the Securityholders Agreement shall be null and void and without effect. 

Section 6. Optionee’s Employment. Nothing in this Agreement or in the Option shall confer upon the Optionee any right to
continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or its Subsidiaries, as the case may be, in its sole discretion, to terminate the Optionee’s employment or to increase or
decrease the Optionee’s compensation at any time. 
 Section 7. Termination. 

(a) The Option shall automatically terminate and shall become null and void, be unexercisable and be of no further force and effect upon the
earliest of: 
 (i) the tenth anniversary of the Grant Date; 

(ii) the 180th day following the Termination of Service in the case of a Termination of Service due to the Optionee’s
death or Disability; 
 (iii) the 90th day following the Termination of Service in the case of a Termination of Service due
to a termination by the Optionee or due to a termination by the Company without Cause; and 
 (iv) the date of the
Termination of Service in the case of a Termination of Service for Cause. 
 (b) Except as otherwise provided in Section 4 of this
Agreement, upon a Termination of Service for any reason, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate on the date the Termination of Service occurs. 

Section 8. Securities Law Representations. The Optionee acknowledges that the Option and the Shares are not being registered under
the Securities Act of 1933, as amended (the “Securities Act”), based, in part, on either (i) reliance upon an exemption from registration under Securities and Exchange Commission Rule 701 promulgated under the Securities Act or
(ii) the fact that the Optionee is an “accredited investor” (as defined under the Securities Act and the rules and regulations promulgated thereunder), and, in each of clauses (i) and (ii) above, a comparable exemption from
qualification under applicable state securities laws, as each may be amended from time to time. The Optionee, by executing this Agreement, hereby makes the following representations to the Company and acknowledges that the Company’s reliance on
federal and state securities law exemptions from registration and qualification is predicated, in substantial part, upon the accuracy of these representations: 

(a) The Optionee is an “accredited investor” within the meaning of Rule 501(a)(4), (5) or (6) of the Securities Act. 

  
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 (b) The Optionee is acquiring the Option and, if and when he exercises the Option, will acquire
the Shares solely for the Optionee’s own account, for investment purposes only, and not with a view to or an intent to sell, or to offer for resale in connection with any unregistered distribution, all or any portion of the Shares or Option
within the meaning of the Securities Act and/or any applicable state securities laws. 
 (c) The Optionee acknowledges that he has not
acquired the Option or the Shares as a result of any general solicitation or general advertising in the United States, including any meeting whose attendees have been invited by general solicitation or general advertising. 

(d) The Optionee has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the Option
and the restrictions imposed on any Shares purchased upon exercise of the Option. The Optionee has been furnished with, and/or has access to, such information as he considers necessary or appropriate for deciding whether to exercise the Option and
purchase the Shares. However, in evaluating the merits and risks of an investment in the Shares, the Optionee has and will rely only upon the advice of his own legal counsel, tax advisors, and/or investment advisors. 

(e) The Optionee is aware that the Option may be of no practical value, that any value it may have depends on its vesting and exercisability
as well as an increase in the Fair Market Value of the underlying Shares to an amount in excess of the Option Price, and that any investment in common shares of a closely held corporation such as the Company is non-marketable, non-transferable and
could require capital to be invested for an indefinite period of time, possibly without return, and at substantial risk of loss. 
 (f) The
Optionee understands that the Option and the Shares are being offered in an acquisition not involving any public offering within the United States within the meaning of the Securities Act and that the Option and the Shares have not been and will not
be registered under the Securities Act, and that the Option and the Shares are “restricted securities” as defined by Rule 144(a)(3) under the Securities Act, and that, under such laws and applicable regulations, such securities may be
resold without registration under the Securities Act only in certain limited circumstances, including in accordance with the conditions of Rule 144 promulgated under the Securities Act or in an offshore acquisition meeting the requirements of Rule
903 or 904 of Regulation S under the Securities Act, each as presently in effect. The Optionee acknowledges reviewing a copy of Rule 144 promulgated under the Securities Act and Regulation S under the Securities Act, as presently in effect, and
represents that he is familiar with such rule, and understands the resale limitations imposed thereby and by the Securities Act and the applicable state securities law. 

(g) The Optionee agrees that he will comply with all applicable laws and regulations in effect in any jurisdiction in which he sells any of
the securities or otherwise transfers any interest therein. 
 (h) The Optionee has read and understands the restrictions and limitations
set forth in the Securityholders Agreement, the Plan and this Agreement. 

  
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 (i) The Optionee understands and acknowledges that, if and when he exercises the Option,
(i) any certificate evidencing the Shares (or evidencing any other securities issued with respect thereto pursuant to any stock split, stock dividend, merger or other form of reorganization or recapitalization) when issued shall bear any
legends which may be required by applicable federal and state securities laws, and (ii) except as otherwise provided under the Securityholders Agreement, the Company has no obligation to register the Shares or file any registration statement
under federal or state securities laws. 
 Section 9. Designation of Beneficiary. The Optionee may appoint any individual or
legal entity in writing as his beneficiary to receive any Option (to the extent not previously terminated or forfeited) under this Agreement upon the Optionee’s death or Disability. The Optionee may revoke his designation of a beneficiary at
any time and appoint a new beneficiary in writing. To be effective, the Optionee must complete the designation of a beneficiary or revocation of a beneficiary by written notice to the Company under Section 10 of this Agreement before the
date of the Optionee’s death. In the absence of a beneficiary designation, the legal representative of the Optionee’s estate shall be deemed the beneficiary. 

Section 10. Notices. All notices, claims, certifications, requests, demands and other communications hereunder shall be in writing
and shall be deemed to have been duly given and delivered if personally delivered or if sent by nationally-recognized overnight courier, by telecopy, or by registered or certified mail, return receipt requested and postage prepaid, addressed as
follows: 
 If to the Company, to: 

AP Gaming Holdco, Inc. 

6680 Amelia Earhart Court 

Las Vegas, NV 89119 

Facsimile: (702) 722-6705 

Attention: Vic Gallo 

with a copy (which shall not constitute notice) to: 

Apollo Management, L.P. 

9 West 57th Street 

43rd Floor 

New York, New York 10019 

Facsimile: (646) 350-1501 

Attention: David Sambur 

If to the Optionee, at the last address in the records of the Company; or, in all cases, to such other address as the party to whom notice is
to be given may have furnished to the other party in writing in accordance herewith. 
 Any such notice or other communication shall be deemed to have been
received (a) in the case of personal delivery, on the date of such delivery (or if such date is not a business day, on the next business day after the date of delivery), (b) in the case of nationally-recognized overnight courier,

  
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on the next business day after the date sent, (c) in the case of telecopy transmission, when received (or if not sent on a business day, on the next business day after the date sent), and
(d) in the case of mailing, on the third business day following that on which the piece of mail containing such communication is posted. 

Section 11. Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement must be in writing and
shall not operate or be construed as a waiver of any other or subsequent breach. 
 Section 12. Optionee’s Undertaking. The
Optionee hereby agrees to take whatever additional actions and execute whatever additional documents the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or
restrictions imposed on the Optionee pursuant to the express provisions of this Agreement and the Plan; provided, however, that such additional actions and documents are consistent with the terms of this Agreement. 

Section 13. Modification of Rights. The rights of the Optionee are subject to modification and termination in certain events as
provided in this Agreement and the Plan (with respect to the Options granted hereby). Notwithstanding the foregoing, the Optionee’s rights under this Agreement and the Plan may not be materially impaired without the Optionee’s prior
written consent. 
 Section 14. Governing Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE
APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE
LAW OF ANOTHER JURISDICTION WOULD ORDINARILY APPLY. 
 Section 15. Restrictive Covenants. The grant, vesting and exercise of
Options pursuant to this Agreement shall be subject to the Optionee’s continued compliance with the restrictive covenants in Section 9 of the Securityholders Agreement and the restrictive covenants set forth in any individual agreement
between the Optionee and the Company (or one of its Affiliates). 
 Section 16. Withholding. As a condition to exercising this
Option in whole or in part, the Optionee will pay, or make provisions satisfactory to the Company for payment of, any federal, state and local taxes required to be withheld in connection with such exercise. 

Section 17. Counterparts. This Agreement may be executed in one or more counterparts, and each such counterpart shall be deemed to
be an original, but all such counterparts together shall constitute but one agreement. 
 Section 18. Entire Agreement. This
Agreement and the Plan (and the other writings referred to herein) constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior written or oral negotiations, commitments,
representations and agreements with respect thereto. 

  
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 Section 19. Severability. It is the desire and intent of the parties hereto that the
provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement shall be
adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting
the validity or enforceability of such provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

Section 20. Waiver of Jury Trial. Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, trial by jury in any suit, action or proceeding arising hereunder. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Nonqualified Stock Option
Agreement as of the date first written above. 
  

			
	AP GAMING HOLDCO, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	PARTICIPANT
	
	  

	[Participant]

  

			
	Number of Shares of Common Stock	  	
	subject to Tranche A Options:	  	[        ]
		
	Number of Shares of Common Stock
subject to Tranche B Options:	  	[        ]
		
	Number of Shares of Common Stock
subject to Tranche C Options:	  	[        ]
		
	Option Price for Tranche A Options,	  	
	Tranche B Options and Tranche C Options:	  	$[        ] each

 [Signature Page to [Participant] Option Agreement]EX-10.4

 Exhibit 10.4 
  

			
		  	SUBSCRIPTION AGREEMENT (this “Agreement”), dated as of [                    ], between AP GAMING HOLDCO,
INC., a Delaware corporation (the “Company”), and the Investor set forth on the signature page to this Agreement (the “Investor”).

 WHEREAS, the Investor desires to acquire certain shares of Common Stock (as defined in the AP Gaming
Holdco, Inc. 2014 Long-Term Incentive Plan (the “Plan”)); 
 WHEREAS, (i) as of the date hereof, the Investor
is an employee, consultant or independent contractor of the Company or a subsidiary thereof, and is expected to continue in such capacity with the Company or a subsidiary thereof, and (ii) as a result, pursuant to this Agreement, the Company is
offering the Investor the opportunity to acquire Common Stock and options to acquire shares of Common Stock (“Stock Options”) in accordance with Article V of the Plan; and 

WHEREAS, the Company is willing to issue to the Investor the Securities (as defined below) as set forth on Schedule 1 hereto on the
terms and conditions provided below. 
 NOW, THEREFORE, in consideration of the promises and of the mutual covenants contained in
this Agreement, the parties hereby agree as follows: 
 1. Subscription; Price. The Investor hereby subscribes for and offers to
purchase the number of shares of Common Stock set forth on the signature page to this Agreement (collectively, the “Shares”); irrevocably tenders this Agreement; and agrees to pay the amount in cash to the Company set forth on the
signature page to this Agreement by [            ] as aggregate consideration for the Shares (the “Subscription Price”). The Company shall issue one or more certificates
representing the Shares to Investor against payment therefor. In addition, in connection with the acquisition of the Shares, Investor shall be issued that number of Stock Options set forth in that stock option agreement by and between the Investor
and the Company as of even date herewith (the Stock Options, together with the Shares, the “Securities”). 
 2.
Representations and Warranties of Investor. The Investor hereby represents and warrants to the Company as follows (where the context so requires, for the purposes of this Section 2, “Securities” shall include any shares of
Common Stock issued in respect of Stock Options exercised): 
 (a) Authority; Validity. Investor has full power, legal right and
authority to execute, deliver and perform the terms of this Agreement and to consummate the transactions contemplated by this Agreement and no consent of any third party not previously obtained is required to do so. The execution and delivery of
this Agreement and the consummation of the transactions contemplated by this Agreement have been duly and validly authorized by all requisite action and no other proceedings on the part of Investor are necessary to authorize this Agreement or to
consummate the transactions so contemplated. This Agreement has been duly and validly executed and delivered by Investor and, assuming this Agreement has been duly authorized, executed and delivered by the Company, constitutes a valid and binding
agreement 

 
of Investor, enforceable against Investor in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights
and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in
equity). 
 (b) No Conflicts. The execution, delivery and performance by Investor of this Agreement and any other agreement,
certificate or document executed by Investor in connection with this Agreement, and the transactions (and the consummation of the transactions) contemplated by this Agreement and any related agreements will not: (i) violate or conflict with any
laws, rules or regulations of any government authority having jurisdiction, or (ii) result in the breach of, or constitute a default (with or without notice or lapse of time, or both) under, or require any consent under, any provision of
(x) any debt instrument, indenture, mortgage agreement or other instrument or arrangement to which Investor is a party or (y) any judgment, order or decree by which Investor is bound. 

(c) United States Person. Investor is a “United States Person” within the meaning of Section 7701(a)(30) of the Internal
Revenue Code, meaning that Investor is a citizen or resident of the United States. 
 (d) Private Offering Exemption. Investor
understands that the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and that this sale is being made in reliance on one or more exemptions for private offerings. 

(e) Investment Characteristics; Risk; Liquidity; Registration. Investor understands that (i) an investment in the Shares involves
a high degree of risk, and it may lose the entire amount of its investment, (ii) the Company has only recently been organized, has no financial or operating history and will hold Common Stock and will have no other operations other than those
of its subsidiaries, (iii) the Company does not expect to pay dividends for the foreseeable future and (iv) the Shares are illiquid, and Investor must bear the economic risk of an investment in the Shares for an indefinite period of time
unless the Shares are subsequently registered under the Securities Act or an exemption from such registration is available. Except as otherwise provided in the Securityholders Agreement, Investor further understands that (A) there is no
existing public or other market for the Shares, and there can be no assurance as to when, or whether, any such market will develop, or that Investor will be able to sell or dispose of its Shares and (B) the Shares have not been registered under
the Securities Act or under the securities laws of any other jurisdiction, and the Company is under no obligation to, and currently does not intend to, register or qualify the Shares for resale by Investor or assist Investor in complying with any
exemption under the Securities Act or the securities laws of any other jurisdiction; an offer or sale of Shares by Investor in the absence of registration under the Securities Act will require the availability of an exemption thereunder; a
restrictive legend in substantially the form set forth in Section 7 of this Agreement shall be placed on the certificates representing the Shares; and a notation shall be made in the appropriate records of the Company indicating that the Shares
are subject to restrictions on transfer. 
 (f) Investment Purpose; No Resale or Distribution Intent. The Securities for which
Investor hereby subscribes are being acquired solely for Investor’s own account and for 

  
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investment only. Investor is not purchasing the Securities with a view to or for the resale, distribution, subdivision or fractionalization thereof and Investor has no plans to enter into any
contract, undertaking, agreement or arrangement for any such purpose. Investor understands and agrees that the Company shall have no obligation to recognize the ownership, beneficial or otherwise, of such Securities of anyone other than Investor and
that no such Securities shall be transferable except upon the conditions set forth in the Securityholders Agreement relating to the Company, dated as of April 28, 2014 (as the same may be amended, modified, or supplemented, the
“Securityholders Agreement”), entered into by the Investor and certain shareholders of the Company. 
 (g)
Qualifications. Investor (i) has adequate means of providing for Investor’s current needs and possible contingencies, and Investor has no need for liquidity in its investment in the Company, (ii) can bear the economic risk of
losing its entire investment in the Company, and (iii) either (x) has, alone or together with a Purchaser Representative (as defined in Rule 501(h) of the Securities Act), such knowledge and experience in financial and business
matters that Investor is capable of evaluating the relative risks and merits of this investment or (y) is an “accredited investor” as the quoted term is defined under the Securities Act and the rules and regulations promulgated
thereunder. 
 (h) Investigation. Investor acknowledges that it has been provided with such information as it deems necessary to
evaluate the merits and risks of investing in the Shares (including, without limitation, such financial and other information regarding the Company and its subsidiaries) and has been afforded the opportunity to ask such questions as it deemed
necessary of, and to receive answers from, representatives of the Company concerning the merits and risk of investing in the Shares; and in making the decision to invest in the Company, Investor has relied solely upon independent investigations made
by Investor. No representations or warranties, oral or otherwise, have been made to Investor or any party acting on Investor’s behalf that are inconsistent with the written materials which have been supplied to Investor by the Company. 

(i) Brokers’ Fees. Investor has not entered into any agreement to pay any brokers’ or finders’ fees to any person with
respect to this Agreement. 
 (j) Securityholders Agreement. Investor has executed the Securityholders Agreement and is bound by its
terms and conditions. 
 3. Conditions; Transferability. Investor shall, simultaneously with the execution and delivery of this
Agreement, execute, and agrees not to transfer or assign this Agreement or any of Investor’s interest in this Agreement or in the Company except as permitted by the terms of the Securityholders Agreement, and further agrees that the assignment
and transferability of the Securities (including shares of Common Stock issued in respect of Stock Options exercised) shall be permitted only in accordance with applicable law and the terms of the Securityholders Agreement. 

4. Revocation; Assignment and Termination. Investor agrees that it will not cancel, terminate or revoke this Agreement and further
agrees not to transfer or assign this Agreement or any of Investor’s interest in this Agreement without the prior written consent of the Company. 

  
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 5. Representations and Warranties of the Company. The Company represents and warrants as
follows: 
 (a) Authority. The Company is a corporation duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization. The Company has full power, legal right and authority to execute, deliver and perform the terms of this Agreement, to issue the Securities in accordance with the terms and subject to the conditions of this Agreement and
to consummate the transactions contemplated by this Agreement and no consent of any third party not previously obtained is required to do so. The execution and delivery of this Agreement by the Company and the consummation of the transactions
contemplated by this Agreement by the Company have been duly and validly authorized by all requisite action and no other proceedings on the part of the Company are necessary to authorize this Agreement or to consummate the transactions contemplated
by this Agreement. This Agreement has been duly and validly executed and delivered by the Company and, assuming this Agreement has been duly authorized, executed and delivered by the Investor, constitutes a valid and binding agreement of the
Company, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to
general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity). 

(b) No Conflicts. Assuming the accuracy of Investor’s representations and warranties, the execution, delivery and performance by
the Company of this Agreement and any other agreement, certificate of document executed by the Company in connection herewith, and the consummation of the transactions contemplated by this Agreement and any related agreements by the Company will
not: (i) violate or conflict with any laws, rules or regulations of any government authority having jurisdiction over or applicable to the Company; or (ii) result in the breach of, or constitute a default (with or without notice or lapse
of time, or both) under, or require any consent under, any provision of (x) the Company’s certificate of incorporation and bylaws; (y) any agreement or other instrument or arrangement to which the Company is a party; or (z) any
judgment, order or decree by which the Company is bound. 
 (c) Issuance of and Title to Shares. Upon issuance, the Shares will be
duly authorized and validly issued, fully paid and nonassessable. Upon issuance of the Shares to Investor, Investor will acquire good and valid title to the Shares, free and clear of any encumbrances. 

6. Miscellaneous. 
 (a)
All notices or other communications given or made hereunder shall be in writing and shall be delivered or mailed by registered or certified mail, return receipt requested, postage prepaid, to (i) the Company c/o Apollo Management VIII, L.P., 9
West 57th Street, 43rd Floor, New York, New York 10019, Attention: David Sambur and (ii) the Investor at the address set forth on the Investor’s signature page hereto. 

  
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 (b) Notwithstanding the place where this Agreement may be executed by any of the parties hereto,
the parties expressly agree that all the terms and provisions hereof shall be construed in accordance with and governed by the laws of the State of Delaware. 

(c) This Agreement and the Securityholders Agreement constitute the entire agreement between the parties hereto with respect to the subject
matter hereof and may be amended only by a writing executed by all parties. 
 (d) Whenever required by the context hereof, the singular
shall include the plural, and vice versa. Any gender-specific reference applies to the other gender as context requires. 
 (e) This
Agreement may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same Agreement. 
 (f) All covenants, agreements, representations and warranties made herein
shall survive the execution and delivery hereof and transfer of any Shares. 
 7. Legends. All certificates evidencing Shares owned
by the Investor or its respective transferees permitted hereunder shall in addition to any other legend required by contract or applicable law bear a legend in substance as follows: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, OR PURSUANT TO ANY STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT OR LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO
SUBJECT TO A SECURITYHOLDERS AGREEMENT AMONG THE ISSUER OF SUCH SECURITIES (THE “COMPANY”) AND THE OTHER PARTIES NAMED THEREIN. THE TERMS OF SUCH SECURITYHOLDERS AGREEMENT INCLUDE, AMONG OTHER THINGS, RESTRICTIONS ON TRANSFER. A COPY OF
SUCH AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST. 
 8. Severability. It is
the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any
particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be 

  
 -5- 

 
invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting
the validity or enforceability of such provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

[Signature Page Follows] 

  
 -6- 

 Please print or type the full name(s) in which ownership of the Shares are to be registered: 

 
  

Please print or type your Social Security Number(s) or other Taxpayer Identification Number(s): 

 
  

 

			
	INVESTOR
		
	By:	 	  

		 	Name:
	
	Residence Address:
	
	  

	  

	  

	
	Number of Shares of Common Stock of the Company to which this Subscription Agreement applies: [            ].
	
	Aggregate purchase price for Shares of Common Stock of the Company purchased pursuant to this Subscription Agreement: $[        ].

 By signing the attached, you acknowledge and agree that the Company or its subsidiaries may deduct, at your written
request, from any payments due from the Company or its subsidiaries to you, a total amount equal to the Subscription Price, and you hereby consent to such deduction and offset. 

[Signature Page to [Investor] Subscription Agreement] 

 The foregoing Subscription Agreement is accepted and agreed to by the Company as of the date
first written above. 
  

			
	AP GAMING HOLDCO, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to [Investor] Subscription Agreement]

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