Exhibit 10.9

 
OUTSIDE DIRECTOR COMPENSATION PACKAGE
 
 
Effective January 1, 2010, CompuCredit Corporation (the “Company”) will pay each
outside director who is independent in accordance with the NASDAQ and SEC rules
governing director independence (an “Eligible Director”) the following for
service to the Company:
 
Annual Cash Retainer
 
$
50,000
 
Attendance Fee for Each Board Meeting (including telephonic attendance)
 
$
2,500
 
Attendance Fee for Each Committee Meeting (including telephonic attendance)
 
$
1,000
 

 
In addition, the Chairman of the Audit Committee will receive an additional
annual fee of $25,000. The Chairman of each of the Nominating and Corporate
Governance Committee and the Compensation Committee will receive an additional
annual fee of $5,000.
 
Each Eligible Director also will receive an annual restricted stock award
of 18,000 shares. The restricted stock award will vest in two equal annual
installments beginning on the first anniversary of the grant date.
 
The Company will also reimburse all reasonable out-of-pocket travel expenses
that are incurred in connection with board and committee meetings.
 

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