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  Exhibit 10.64    
    

 
    CLEAN ENERGY FUELS CORP.    
    
    AMENDED AND RESTATED 2006 EQUITY INCENTIVE PLAN    
    
    NOTICE OF STOCK UNIT AWARD

 

			
	Awardee's Name and Address:	 	

 
	

 	
 	

  
	 	 	

  

 

         You
(the "Awardee") have been granted an award of Stock Units (the "Award"), subject to the terms and conditions of this Notice of Stock Unit Award (the "Notice"), the Clean Energy Fuels
Corp. Amended and Restated 2006 Equity Incentive Plan, as amended from time to time (the "Plan") and the Stock Unit Agreement (the "Agreement") attached hereto, as follows. Unless otherwise provided
herein, the terms in this Notice shall have the same meaning as those defined in the Plan. 

 

			
	Award Number	 	

 
	
 Grant Date	
 	
January 25, 2012
	
 Total Number of Stock Units Awarded (the "Units")	
 	

 

 

  Vesting Schedule:  

        Subject to the Awardee's not ceasing to be a Service Provider and other limitations set forth in this Notice, the Agreement and the
Plan, the Units will "vest" in accordance with the following schedule (the "Vesting Schedule"): 

        If,
during the Measurement Period, the Closing Price equals or exceeds the Hurdle Price for twenty (20) consecutive Market Trading Days, one hundred percent (100%) of the Units
will vest upon closing of The NASDAQ Stock Market on such twentieth (20th) consecutive Market Trading Day, and the appropriate number of Shares will be delivered to the Awardee in
accordance with Section 3 of the Agreement. 

        Notwithstanding
the foregoing, immediately prior to, and contingent upon, the occurrence of a Change in Control, one hundred percent (100%) of the Units will vest, provided that the per
share consideration received by holders of Shares in connection with such Change in Control equals or exceeds the Hurdle Price. 

        Notwithstanding
the foregoing, if the Awardee has ceased to be a Service Provider following the Grant Date as a result of the Awardee's Termination of Service by the Company or any
Affiliate, in each
case, without Cause, then, if, during the Measurement Period, the Closing Price equals or exceeds the Hurdle Price for twenty (20) consecutive Market Trading Days, the Time-Vested
Percentage of the Units will vest upon closing of The NASDAQ Stock Market on such twentieth (20th) consecutive Market Trading Day, and the appropriate number of Shares will be delivered to the Awardee
in accordance with Section 3 of the Agreement. In addition, notwithstanding the foregoing, if the Awardee has ceased to be a Service Provider following the Grant Date as a result of the
Awardee's Termination of Service by the Company or any Affiliate, in each case, without Cause, then, immediately prior to, and contingent upon, the occurrence of a Change in Control, the
Time-Vested Percentage of the Units will vest, provided that the per share consideration received by holders of Shares in connection with such Change in Control equals or exceeds the
Hurdle Price. 

        Notwithstanding
the foregoing, in the event of the Awardee's Termination of Service due to death or Disability, the Time-Vested Percentage of the Units shall vest immediately
prior to such Termination of Service, and the appropriate number of Shares will be delivered to the Awardee in accordance with Section 3 of the Agreement. 

 

        For
purposes of this Vesting Schedule, the following terms have the following definitions: 

        "Cause"
means, with respect to the Awardee's Termination of Service by the Company or an Affiliate, that such termination is for "Cause" as such term (or word of like import) is
expressly defined in a then-effective written agreement between the Awardee and the Company or such Affiliate, or in the absence of such then-effective written agreement and
definition, is based on, in the determination of the Administrator, the Awardee's: (i) performance of any act or failure to perform any act in bad faith and to the detriment of the Company or
an Affiliate; (ii) dishonesty, intentional misconduct or material breach of any agreement with the Company or an Affiliate; or (iii) commission of a crime involving dishonesty, breach of
trust, or physical or emotional harm to any person; provided, however, that with regard to any agreement that defines "Cause" on the occurrence of or in connection with a Change in Control, such
definition of "Cause" shall not apply until a Change in Control actually occurs. 

        "Closing
Price" means, as of any Market Trading Day, the closing price of the Common Stock on The NASDAQ Stock Market on such Market Trading Day. 

        "Hurdle
Price" means $20.40, which is equal to one hundred and thirty-five percent (135%) of the Closing Price on the Grant Date. 

        "Market
Trading Day" means a day during which The NASDAQ Stock Market is open for trading and the Common Stock is traded. 

        "Measurement
Period" means the period commencing on (and including) the two (2) year anniversary of the Grant Date and ending on (and including) the day immediately preceding the
four (4) year anniversary of the Grant Date. 

        "Time-Vested
Percentage" means (a) the quotient of (i) the number of full months that have elapsed from the Grant Date up to the date of the Awardee's
Termination of Service and (ii) forty-eight (48) times (b) one hundred (100), provided that the Time-Vested Percentage
shall never exceed one hundred (100). 

        The
Award will terminate to the extent not vested upon the expiration of the Measurement Period or, if earlier, upon delivery of Shares to the Awardee under Section 3 of the
Agreement in connection with any one of the vesting events described in this Notice. 

        The
Hurdle Price will be proportionally adjusted for any change in the outstanding Common Stock subject to the Award resulting from any stock splits, combination or exchange of Shares,
consolidation, spin-off or recapitalization of Shares or any capital adjustment or transaction similar to the foregoing or any distribution to holders of Common Stock other than regular
cash dividends. The Administrator will make such adjustment in such manner as it may deem equitable and appropriate, subject to compliance with Applicable Laws. 

        For
purposes of this Notice and the Agreement, the term "vest" shall mean, with respect to any Units, that such Units are no longer subject to forfeiture to the Company. If the Awardee
would become vested in a fraction of a Unit, such Unit shall not vest until the Awardee becomes vested in the entire Unit. 

        Except
as otherwise provided in this Notice or a then-effective written agreement between the Awardee and the Company or an Affiliate, vesting shall cease upon the
Termination of Service of the Awardee for any reason, including death or Disability. Except as otherwise provided in this Notice or a then-effective written agreement between the Awardee
and the Company or an Affiliate, in the event of the Termination of Service of the Awardee for any reason, including death or Disability, any unvested Units held by the Awardee immediately upon such
Termination of Service shall be forfeited and deemed reconveyed to the Company and the Company shall thereafter be the legal and beneficial 

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owner
of such reconveyed Units and shall have all rights and interest in or related thereto without further action by the Awardee. 

        IN
WITNESS WHEREOF, the Company and the Awardee have executed this Notice and agree that the Award is to be governed by the terms and conditions of this Notice, the Plan, and the
Agreement. 

 

					
	 	 	 CLEAN ENERGY FUELS CORP.

a Delaware corporation
	

 	
 	
By:	
 	

 
	 	 	Title:	 	

 
	 	 	Date:	 	

 

 

 THE
AWARDEE ACKNOWLEDGES AND AGREES THAT THE UNITS SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD OF THE AWARDEE'S CONTINUOUS SERVICE AS A SERVICE PROVIDER OR AS OTHERWISE SPECIFICALLY PROVIDED HEREIN
(NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES HEREUNDER). THE AWARDEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE AGREEMENT, NOR IN THE PLAN,
SHALL CONFER UPON THE AWARDEE ANY RIGHT WITH RESPECT TO CONTINUATION OF THE AWARDEE'S CONTINUOUS SERVICE AS A SERVICE PROVIDER, NOR SHALL IT INTERFERE IN ANY WAY WITH THE AWARDEE'S RIGHT OR THE
COMPANY'S RIGHT TO TERMINATE THE AWARDEE'S CONTINUOUS SERVICE AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE AWARDEE ACKNOWLEDGES THAT UNLESS THE AWARDEE HAS
A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY, THE AWARDEE'S STATUS IS AT WILL. 

3

 
 
 

Awardee Acknowledges and Agrees:    
    

        The Awardee acknowledges receipt of a copy of the Plan and the Agreement and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts the Award subject to all of the terms and provisions hereof and thereof. The Awardee has reviewed this Notice, the Agreement and the Plan in their entirety, has
had an opportunity to obtain the advice of counsel prior to executing this Notice and fully understands all provisions of this Notice, the Agreement and the Plan. The Awardee further agrees and
acknowledges that this Award is a non-elective arrangement pursuant to Section 409A of the Code. 

        The
Awardee further acknowledges that, from time to time, the Company may be in a "blackout period" and/or subject to applicable federal securities laws that could subject the Awardee to
liability for engaging in any transaction involving the sale of the Company's Shares. The Awardee further acknowledges and agrees that, prior to the sale of any Shares acquired under this Award, it is
the Awardee's responsibility to determine whether or not such sale of Shares will subject the Awardee to liability under insider trading rules or other applicable federal securities laws. 

        The
Awardee acknowledges receipt of paper copies of the Notice, the Agreement, the Plan and the Plan prospectus (collectively, the "Plan Documents") and acknowledges that the Awardee is
familiar with and accepts the Award subject to the terms and provisions of the Plan Documents. 

        The
Company may, in its sole discretion, decide to deliver any Plan Documents by electronic means or request the Awardee's consent to participate in the Plan by electronic means. The
Awardee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the
Company or a third party designated by the Company. 

        The
Awardee hereby agrees that all questions of interpretation and administration relating to this Notice, the Plan and the Agreement shall be resolved by the Administrator in accordance
with Section 8 of the Agreement. The Awardee further agrees to the venue and jurisdiction selection in accordance with Section 9 of the Agreement. The Awardee further agrees to notify
the Company upon any change in his or her residence address indicated in this Notice. 

 

					
	Date:	 	 	 	 
	 	 	

  	 	

  Awardee's Signature
	

 	
 	
 	
 	

  Awardee's Printed Name
	

 	
 	
 	
 	

  Address
	

 	
 	
 	
 	

  City, State & Zip

 

 4

 

							
	 
	 	 	 	 Award Number:	 	

 

 

  
 

  CLEAN ENERGY FUELS CORP.    
    
    AMENDED AND RESTATED 2006 EQUITY INCENTIVE PLAN    
    
    STOCK UNIT AGREEMENT    
    

        1.    Issuance of Units.    Clean Energy Fuels Corp., a Delaware corporation (the "Company"), hereby issues to the
Awardee (the "Awardee") named in the Notice of Stock Unit Award (the "Notice") an award (the "Award") of the Total Number of Stock Units Awarded set forth in the Notice (the "Units"), subject to the
Notice, this Stock Unit Agreement (the "Agreement") and the terms and provisions of the Clean Energy Fuels Corp. Amended and Restated 2006 Equity Incentive Plan, as amended from time to time (the
"Plan"), which is incorporated herein by reference. Unless otherwise provided herein, the terms in this Agreement shall have the same meaning as those defined in the Plan. 

        2.    Transfer Restrictions.    The Units may not be transferred in any manner other than by will or by the laws of
descent and distribution. 

        3.    Conversion of Units and Issuance of Shares.    

        (a)    General.    Subject to Sections 3(b) and 3(c), one share of Common Stock shall be issuable for each Unit
subject to the Award (the "Shares") upon vesting. Immediately thereafter, or as soon as administratively feasible, the Company will deliver the appropriate number of Shares to the Awardee after
satisfaction of any required tax or other withholding obligations. Any fractional Unit remaining after the Award is fully vested shall be discarded and shall not be converted into a fractional Share.
Notwithstanding the foregoing, the relevant number of Shares shall be delivered to the Awardee no later than March 15th of the year following the calendar year in which the Award vests.
The Company may however, in its sole discretion, make a cash payment in lieu of the issuance of the Shares in an amount equal to the value of one share of Common Stock multiplied by the number of
Units subject to the Award. 

        (b)    Delay of Conversion.    The conversion of the Units into the Shares under Section 3(a) above, shall be
delayed in the event the Company reasonably anticipates that the issuance of the Shares would constitute a violation of federal securities laws or other Applicable Law. If the conversion of the Units
into the Shares is delayed by the provisions of this Section 3(b), the conversion of the Units into the Shares shall occur at the earliest date at which the Company reasonably anticipates
issuing the Shares will not cause a violation of federal securities laws or other Applicable Law. For purposes of this Section 3(b), the issuance of Shares that would cause inclusion in gross
income or the application of any penalty provision or other provision of the Code is not considered a violation of Applicable Law. 

        (c)    Delay of Issuance of Shares.    The Company shall delay the delivery of any Shares under this Section 3
to the extent necessary to comply with Section 409A(a)(2)(B)(i) of the Code (relating to payments made to certain "specified employees" of certain publicly-traded companies); in such event, any
Shares to which the Awardee would otherwise be entitled during the six (6) month period following the date of the Termination of Service of the Awardee will be delivered on the first business
day following the expiration of such six (6) month period. 

        4.    Right to Shares.    Notwithstanding anything to the contrary in the Plan, the Awardee shall not have any right
in, to or with respect to any of the Shares (including any voting rights or rights with respect to dividends paid on the Common Stock) issuable under the Award until the Award is settled by the
issuance of such Shares to the Awardee. 

        5.    Taxes.    

        (a)    Tax Liability.    The Awardee is ultimately liable and responsible for all taxes owed by the Awardee in
connection with the Award, regardless of any action the Company or any Affiliate 

 

takes
with respect to any tax withholding obligations that arise in connection with the Award. Neither the Company nor any Affiliate makes any representation or undertaking regarding the treatment of
any tax withholding in connection with any aspect of the Award, including the grant, vesting, assignment, release or cancellation of the Units, the delivery of Shares, the subsequent sale of any
Shares acquired upon vesting and the receipt of any dividends or dividend equivalents. The Company does not commit and is under no obligation to structure the Award to reduce or eliminate the
Awardee's tax liability. 

        (b)    Payment of Withholding Taxes.    Prior to any event in connection with the Award (e.g., vesting) that
the Company determines may result in any tax withholding obligation, whether United States federal, state, local or non-U.S., including any social insurance, employment tax, payment on
account or other tax-related obligation (the "Tax Withholding Obligation"), the Awardee must arrange for the satisfaction of the minimum amount of such Tax Withholding Obligation in a
manner acceptable to the Company. 

          (i)  By Share Withholding.    Unless the Awardee determines to satisfy the Tax Withholding Obligation by some other
means in accordance with clause (ii) below, the Company shall withhold from those Shares otherwise issuable to the Awardee the whole number of Shares sufficient to satisfy the minimum
applicable Tax Withholding Obligation. The Awardee acknowledges that the withheld Shares may not be sufficient to satisfy the Awardee's minimum Tax Withholding Obligation. Accordingly, the Awardee
agrees to pay to the Company or any Affiliate as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the
withholding of Shares described above. 

         (ii)  By Check, Wire Transfer or Other Means.    At any time not less than five (5) business days (or such
fewer number of business days as determined by the Administrator) before any Tax Withholding Obligation arises (e.g., a vesting date), the Awardee may elect to satisfy the Awardee's Tax
Withholding Obligation by delivering to the Company an amount that the Company determines is sufficient to satisfy the Tax Withholding Obligation by (x) wire transfer to such account as the
Company may direct, (y) delivery of a certified check payable to the Company, or (z) such other means as specified from time to time by the Administrator. 

Notwithstanding
the foregoing, the Company or an Affiliate also may satisfy any Tax Withholding Obligation by offsetting any amounts (including, but not limited to, salary, bonus and severance
payments) payable to the Awardee by the Company and/or an Affiliate. Furthermore, in the event of any determination that the Company has failed to withhold a sum sufficient to pay all withholding
taxes due in connection with the Award, the Awardee agrees to pay the Company the amount of such deficiency in cash within five (5) days after receiving a written demand from the Company to do
so, whether or not the Awardee is an employee of the Company at that time. 

        6.    Entire Agreement; Governing Law.    The Notice, the Plan and this Agreement constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Awardee with respect to the subject matter hereof,
and may not be modified adversely to the Awardee's interest except by means of a writing signed by the Company and the Awardee. These agreements are to be construed in accordance with and governed by
the internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of
Delaware to the rights and duties of the parties. Should any provision of the Notice or this Agreement be determined to be illegal or unenforceable, the other provisions shall nevertheless remain
effective and shall remain enforceable. 

        7.    Construction.    The captions used in the Notice and this Agreement are inserted for convenience and shall not
be deemed a part of the Award for construction or interpretation. Except 

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when
otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term "or" is not intended to be exclusive, unless the context
clearly requires otherwise. 

        8.    Administration and Interpretation.    Any question or dispute regarding the administration or interpretation of
the Notice, the Plan or this Agreement shall be submitted by the Awardee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and
binding on all persons. 

        9.    Venue and Jurisdiction.    The parties agree that any suit, action, or proceeding arising out of or relating to
the Notice, the Plan or this Agreement shall be brought exclusively in the United States District Court for the State of Delaware (or should such court lack jurisdiction to hear such action, suit or
proceeding, in a Delaware state court and that the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to the fullest extent permitted by law, any objection the
party may have to the laying of venue for any such suit, action or proceeding brought in such court. If any one or more provisions of this Section 9 shall for any reason be held invalid or
unenforceable, it is the specific intent
of the parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable. 

        10.    Notices.    Any notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the
parties are within the United States), with postage and fees prepaid, addressed to the other party at its address as shown in these instruments, or to such other address as such party may designate in
writing from time to time to the other party. 

        11.    Nature of Award.    In accepting the Award, the Awardee acknowledges and agrees that: 

        (a)   the
Plan is established voluntarily by the Company, it is discretionary in nature, and it may be modified, amended, suspended or terminated by the Company at any time,
unless otherwise provided in the Plan and this Agreement; 

        (b)   the
Award is voluntary and occasional and does not create any contractual or other right to receive future awards of Units, or benefits in lieu of Units, even if Units
have been awarded repeatedly in the past; 

        (c)   all
decisions with respect to future awards, if any, will be at the sole discretion of the Company; 

        (d)   the
Awardee's participation in the Plan is voluntary; 

        (e)   the
Awardee's participation in the Plan shall not create a right to any employment with the Awardee's employer and shall not interfere with the ability of the Company or
the employer to terminate the Awardee's employment relationship, if any, at any time; 

        (f)    the
Award is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination,
redundancy, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for,
or relating in any way to, past services for the Company or any Affiliate; 

        (g)   in
the event that the Awardee is not an Employee of the Company or any Affiliate, the Award and the Awardee's participation in the Plan will not be interpreted to form
an employment or service contract or relationship with the Company or any Affiliate; 

        (h)   the
future value of the underlying Shares is unknown and cannot be predicted with certainty; 

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        (i)    in
consideration of the Award, no claim or entitlement to compensation or damages shall arise from termination of the Award or diminution in value of the Award or Shares
acquired upon vesting of the Award, resulting from Termination of Service of the Awardee by the Company or any Affiliate (for any reason whatsoever and whether or not in breach of local labor laws)
and in consideration of the grant of the Award, the Awardee irrevocably releases the Company and any Affiliate from any such claim that may arise; if, notwithstanding the foregoing, any such claim is
found by a court of competent jurisdiction to have arisen, then, by signing the Notice, the Awardee shall be deemed irrevocably to have waived his or her right to pursue or seek remedy for any such
claim or entitlement; 

        (j)    except
as otherwise provided in the Notice, the Agreement or any other written agreement between the Awardee and the Company, in the event of the Termination of Service
of the Awardee (whether or not in breach of local labor laws), the Awardee's right to receive Awards under the Plan and to vest in such Awards, if any, will terminate effective as of the date that the
Awardee is no longer providing services and will not be extended by any notice period mandated under local law (e.g., providing services would not
include a period of "garden leave" or similar period pursuant to local law); furthermore, in the event of the Termination of Service of the Awardee (whether or not in breach of local labor laws), the
Administrator shall have the exclusive discretion to determine when the Awardee is no longer providing services for purposes of this Award; 

        (k)   the
Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Awardee's participation in the Plan or the
Awardee's acquisition or sale of the underlying Shares; and 

        (l)    the
Awardee is hereby advised to consult with the Awardee's own personal tax, legal and financial advisers regarding the Awardee's participation in the Plan before
taking any action related to the Plan. 

        12.    Data Privacy.    

        (a)   The Awardee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Awardee's
personal data as described in the Notice and this Agreement by and among, as applicable, the Awardee's employer, the Company and any Affiliate for the exclusive purpose of implementing, administering
and managing the Awardee's participation in the Plan.

        (b)   The Awardee understands that the Company and the Awardee's employer may hold certain personal information about the Awardee, including, but not
limited to, the Awardee's name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any Shares or directorships held in
the Company, details of all Units or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in the Awardee's favor, for the exclusive purpose of implementing, administering
and managing the Plan ("Data").

        (c)   The
Awardee understands that Data will be transferred to any third party assisting the Company with the implementation, administration and management of the Plan. The
Awardee understands that the recipients of the Data may be located in the Awardee's country, or elsewhere, and that the recipients' country may have different data privacy laws and protections than
the Awardee's country. The Awardee understands that the Awardee may request a list with the names and addresses of any potential recipients of the Data by contacting the Awardee's local human
resources representative. The Awardee authorizes the Company and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing
the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Awardee's participation in the Plan.
The Awardee understands that Data will be held only as long as is 

4

 

necessary
to implement, administer and manage the Awardee's participation in the Plan. The Awardee understands that the Awardee may, at any time, view Data, request additional information about the
storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Awardee's local human
resources representative. The Awardee understands, however, that refusal or withdrawal of consent may affect the Awardee's ability to participate in the Plan. For more information on the consequences
of the Awardee's refusal to consent or withdrawal of consent, the Awardee understands that the Awardee may contact the Awardee's local human resources representative. 

        13.    Language.    If the Awardee has received this Agreement or any other document related to the Plan translated
into a language other than English and if the translated version is different than the English version, the English version will control, unless otherwise prescribed by Applicable Law. 

        14.    Amendment and Delay to Meet the Requirements of Section 409A.    The Awardee acknowledges that the
Company, in the exercise of its sole discretion and without the consent of the Awardee, may amend or modify this Agreement in any manner and delay the issuance of any Shares issuable pursuant to this
Agreement to the minimum extent necessary to meet the requirements of Section 409A of the Code as amplified by any Treasury regulations or guidance from the Internal Revenue Service as the
Company deems appropriate or advisable. In addition, the Company makes no representation that the Award will comply with Section 409A of the Code and makes no undertaking to prevent
Section 409A of the Code from applying to the Award or to mitigate its effects on any deferrals or payments made in respect of the Units. The Awardee is encouraged to consult a tax adviser
regarding the potential impact of Section 409A of the Code. 

END OF AGREEMENT

5

QuickLinks

Exhibit 10.64

CLEAN ENERGY FUELS CORP. AMENDED AND RESTATED 2006 EQUITY INCENTIVE PLAN NOTICE OF STOCK UNIT AWARD

Awardee Acknowledges and Agrees

CLEAN ENERGY FUELS CORP. AMENDED AND RESTATED 2006 EQUITY INCENTIVE PLAN STOCK UNIT AGREEMENTExhibit 10.57

[***] — Indicates confidential information. Confidential treatment requested by Global Cash Access Holdings, Inc.  Portions omitted filed separately with the Securities and Exchange Commission.

 

SECOND AMENDMENT TO PROCESSING SERVICES AGREEMENT

 

This Second Amendment to Processing Services Agreement (this “Amendment”) by and between TSYS Acquiring Solutions, LLC (“TSYS”), and Global Cash Access, Inc. (the “Company”) is made and entered into as of this 27th day of December, 2011 (the “Amendment Effective Date”).

 

RECITALS

 

A.                                    TSYS and the Company have previously entered into a Processing Services Agreement effective July 1, 2009, as amended (the “Agreement”).

 

B.                                    TSYS and the Company now desire to amend the Agreement upon the term and conditions set forth herein.

 

AGREEMENT

 

In consideration of the foregoing recitals, TSYS and the Company hereby agree as follows:

 

1.              This Amendment shall be effective as of the Amendment Effective Date.

 

2.              Within thirty (30) days following the Amendment Effective Date, TSYS shall pay to the Company a signing bonus in the amount of $[***] in consideration of the parties’ agreement to extend the Term of the Agreement, as set forth herein.

 

3.              Section 4.1 of the Agreement is deleted in its entirety and replaced with the following:

 

4.1                               Initial Term. The term of this Agreement shall begin on July 1, 2009 (“Effective Date”) and, unless earlier terminated herein, shall continue in full force and effect for a period of four years (“Initial Term”). Thereafter, the term of this Agreement shall automatically be extended for an additional period of eighteen months and expire on December 31, 2014 (the “Extension Term”).

 

4.1.1                     Renewal.  Upon the expiration of the Extension Term of this Agreement, this Agreement shall be automatically renewed for consecutive one (1) year terms thereafter (“Renewal Term”) until and unless terminated as provided hereunder.  The Initial Term, the Extension Term and the Renewal Terms, if any are collectively refereed to herein as the “Term”.

 

4.              The Company shall receive a credit invoice in an amount equal to $[***], prorated in forty two (42) equal monthly installments of $[***] which commenced on the invoice for the services rendered for the month of July 2011

 

 

and continuing for the remainder of the Initial Term.  Such credit shall be applied against any fees owing to TSYS by the Company under the Agreement, and to the extent that such fees are less than the amount of the monthly credit during any month, the unused amount of such credit shall be carried forward to the next month. If the Agreement expires or is terminated for any reason (other than a valid termination pursuant to Section 4.3 of the Agreement), the total unapplied amount of such credit shall be accelerated and applied towards any fees owing by the Company under the Agreement immediately preceding the effective date of expiration or termination of the Agreement, and to the extent there remains unapplied balance of such credit, TSYS shall pay to the Company in cash the amount of such unapplied balance on the effective date of expiration or termination of the Agreement.

 

5.              Miscellaneous Provisions.

 

a.                                      Due Authorization. This Amendment has been duly and validly authorized, executed and delivered by each party hereto and no other action by such party is required to the valid and binding execution, delivery and performance of this Amendment by such party, except as otherwise expressly set forth herein.  Each person signing this Amendment on behalf of a party hereto represents and warrants that it is duly authorized to do so.

 

b.                                      Conflict. To the extent, if any, that any provision of this Amendment conflicts with or differs from any provision of the Agreement, such provision of this Amendment shall prevail and govern for all purposes and in all respects.  Otherwise, all terms and conditions of the Agreement shall likewise apply to this Amendment.

 

c.                                       Entire Agreement. The Agreement and this Amendment, together with the letter agreement of even date herewith between the parties, constitutes the entire agreement between the parties hereto regarding the subject matter contained herein and supersedes any and all prior and/or contemporaneous negotiations, agreements, understandings between the parties with respect to the subject matter hereof.

 

d.                                      Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and both of which together shall constitute one and the same agreement. This Amendment may be executed by a party’s signature transmitted by facsimile or by electronic mail in pdf format, and copies of this Amendment executed and delivered by means of faxed or pdf signatures shall have the same force and effect as copies hereof executed and delivered with original signatures.

 

 

IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the duly authorized officers of the parties set forth below.

 

	
TSYS   Acquiring Solutions, L.L.C.
    	
 
    
	
 
    	
 
    
	
By:   
    	
/s/   David Wood
    	
 
    
	
Name: 
    	
David Wood
    	
 
    
	
Title:   
    	
COO
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Global   Cash Access, Inc.
    	
 
    
	
 
    	
 
    
	
By:   
    	
/s/   Scott Betts
    	
 
    
	
Name: 
    	
Scott Betts
    	
 
    
	
Title:   
    	
CEO   and President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}]]