Document:

Supplement No. 2 to Series 2006-One Supplement to Master Indenture

 Exhibit 10.15(g) 
 EXECUTION COPY 
 SUPPLEMENT NO. 2 TO SERIES 2006-ONE SUPPLEMENT to MASTER INDENTURE 

This SUPPLEMENT NO. 2 TO SERIES 2006-ONE SUPPLEMENT to MASTER INDENTURE, dated as of November 2, 2007 (this “Supplement”), is
entered into among COMPUCREDIT CREDIT CARD MASTER NOTE BUSINESS TRUST III, a business trust organized and existing under the laws of the State of Nevada (the “Issuer”), COMPUCREDIT CORPORATION, a Georgia corporation, as Servicer
(the “Servicer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, but solely as Indenture Trustee (together with its successors in the trusts thereunder as provided in the
Indenture, the “Indenture Trustee”) under the Master Indenture dated as of March 10, 2006 (the “Indenture”) among the Issuer, the Servicer and the Indenture Trustee. 
 RECITALS 
 1. The Issuer, the Servicer
and the Indenture Trustee are parties to that certain Series 2006-One Supplement dated as of March 10, 2006, as amended by Supplement No. 1 dated as of September 29, 2006 (as so previously supplemented and as amended, supplemented or
otherwise modified from time to time, the “Indenture Supplement”). 
 2. The parties hereto desire to amend and supplement
the Indenture Supplement as hereinafter set forth. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows: 
 1. Certain Defined Terms. Capitalized terms that are used herein
without definition and that are defined in the Indenture Supplement shall have the same meanings herein as therein. 
 2. Amendments to
Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by: 
 (a) adding the following
definitions to Section 2.01 (a) in the appropriate alphabetical order: 
 “Overconcentration
Amount” shall mean, for any date of determination, the product of (a) excess, if any, of (i) the percentage equivalent of a fraction the numerator of which is the outstanding amount of all Actual Principal Receivables and the
denominator of which is the outstanding amount of all Portfolio Receivables, in each case as of the last day of the prior Monthly Period, over (ii) 50%, times (b) the outstanding amount of Actual Principal Receivables as of the last day of
the prior Monthly Period. 
 “Portfolio Receivables” shall mean all amounts payable by Obligors on any
Account from time to time to the extent such amounts have been transferred to Transferor by CompuCredit. 
 “Step-Down
Percentage” shall mean, for any date of determination, the lesser of (a) 5% and (b) the excess, if any, of 15% over the Three Month Seasoning Percentage as of the last day of the prior Monthly Period, but in no event less than
zero. 
 “Three Month Seasoning Percentage” shall mean, for any date of determination, the percentage
(carried out to a seven digit decimal figure) equivalent of a fraction the numerator of which is the outstanding amount of all Portfolio Receivables in Accounts which Accounts were originated in the three Monthly Periods preceding the Monthly Period
prior to such date of determination and the denominator of which is the total amount of all Portfolio Receivables as of the last day of the prior Monthly Period. 
  

 1 

 (b) deleting the definition of “Borrowing Base Excess Amount” in its entirety
and substituting, in lieu thereof, the following: 
 “Borrowing Base Excess Amount” shall mean, with respect
to any Distribution Date, an amount equal to the excess, if any, of the Class A Note Principal Balance over the sum of (1) the product of (i) the percentage specified in Item 2 of Schedule A, (ii) the Series 2006-One
Allocation Percentage and (iii) Actual Principal Receivables minus (if the Repricing Date pursuant to clause (ii) of the definition thereof has not occurred) the Overconcentration Amount plus (2) the product of
(i) the percentage specified in Item 2 of Schedule A, (ii) the Series 2006-One Allocation Percentage and (iii) the Special Funding Amount plus any Collections of Principal on deposit in the Collection Account, in all cases as of
the last day of the prior Monthly Period. 
 (c) deleting subsection 4.05(b)(i) in its entirety and substituting, in lieu
thereof, the following: 
 (i) an amount, to the extent available, equal to the Borrowing Base Excess Amount shall be
distributed to the Class A Noteholders; and 
 and (d) deleting Schedule A thereto and substituting, in lieu
thereof, Schedule A hereto. 
 3. Effect of Supplement. Except as expressly amended and modified by this Supplement, all provisions of
the Indenture Supplement shall remain in full force and effect. After this Supplement becomes effective, all references in the Indenture Supplement to “this Supplement”, “hereof, “herein” or words of similar effect referring
to the Indenture Supplement shall be deemed to be references to the Indenture Supplement as amended by this Supplement. This Supplement shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Indenture other
than as expressly set forth herein. 
 4. Effectiveness. This Supplement shall become effective as of the date hereof upon
(a) receipt by the Trustee of counterparts of this Supplement (whether by facsimile or otherwise) executed by each of the other parties hereto and of consent hereto by all the Class A Noteholders, and (b) receipt by the Trustee of an
opinion of counsel satisfying the requirements of Section 9.03 of the Indenture. 
 5. Counterparts. This Supplement may be
executed in any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 6. Governing Law. THIS SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW
YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

7. Section Headings. The various headings of this Supplement are inserted for convenience only and shall not affect the meaning or
interpretation of this Supplement or the Indenture Supplement or any provision hereof or thereof. 
 8. Representations and
Warranties. The Issuer represents and warrants that (i) all of its representations and warranties set forth in the Indenture Supplement are true and accurate in all material respects as though made on and as of the date hereof (except
representations and warranties which relate to a specific date, which were true and correct as of such date) and (ii) no Early Redemption Event, and no Termination Event under the Class A Note Purchase Agreement, has occurred and is
continuing. 
  

 2 

 9. No Recourse. It is expressly understood and agreed by the parties hereto that (a) this
Supplement is executed and delivered by Wilmington Trust, FSB, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it under the Trust Agreement, (b) each of the
representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust, FSB but is made and intended for the purpose of binding only
the Issuer and (c) under no circumstances shall Wilmington Trust, FSB be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or
covenant made or undertaken by the Issuer under this Supplement or any other document to which the Issuer is a party. 
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intentionally left blank] 
  

 3 

 IN WITNESS WHEREOF, the parties have executed this Supplement as of the date first written above.

  

			
	 COMPUCREDIT CREDIT CARD MASTER
 NOTE BUSINESS TRUST III,

	 Issuer

		
	By:	 	 WILMINGTON TRUST FSB

		 	 not in its individual capacity, but solely
 as Owner Trustee

					
		
	By:	 	

		 	 Name:
	 	JAMES P. LAWLER
		 	 Title:
	 	Vice President

			
	
	 U.S. BANK NATIONAL ASSOCIATION,
 Indenture
Trustee

					
		
	By:	 	

		 	 Name:
	 	Tamara Schultz-Fugh
		 	 Title:
	 	Vice President

			
	
	 COMPUCREDIT CORPORATION,
 Servicer

					
		
	By:	 	

		 	 Name:
	 	William McCamey
		 	 Title:
	 	Treasurer

 [Trust III Series 2006-One Amendment—Supplement No. 2 to Master Indenture]

 The undersigned hereby consent to the amendment of the Indenture Supplement pursuant to the foregoing
Supplement No. 2. 
  

			
	DEUTSCHE BANK AG, NEW YORK BRANCH, as Agent
		
	By:	 	

					
		 	 Name:
	 	KEVIN TANZER
		 	 Title:
	 	DIRECTOR

			
		
	By:	 	

					
		 	 Name:
	 	PETER KIM
		 	 Title:
	 	VICE PRESIDENT

			
	
	 NANTUCKET FUNDING CORP., LLC, as Class A Purchaser,

		
	By:	 	

					
		 	 Name:
	 	Lori Gebron
		 	 Title:
	 	Vice President

			
	
	 DEUTSCHE BANK AG, NEW YORK BRANCH, as Class A Purchaser and Committed Purchaser,

		
	By:	 	

					
		 	 Name:
	 	KEVIN TANZER
		 	 Title:
	 	DIRECTOR

			
		
	By:	 	

					
		 	 Name:
	 	PETER CHUANG
		 	 Title:
	 	VICE PRESIDENT

 [Signature page to Supplement No. 2 to Series 2006-One Indenture Supplement]Supplement No. 3 to Series 2006-One Supplement To Master Indenture

 Exhibit 10.15(h) 
 SUPPLEMENT NO. 3 TO SERIES 2006-ONE SUPPLEMENT 
 TO MASTER INDENTURE 
 This SUPPLEMENT NO. 3 TO SERIES 2006-ONE SUPPLEMENT TO MASTER INDENTURE, dated as of December 31, 2007 (this “Supplement”), is
entered into among COMPUCREDIT CREDIT CARD MASTER NOTE BUSINESS TRUST III, a business trust organized and existing under the laws of the State of Nevada (the “Issuer”), COMPUCREDIT CORPORATION, a Georgia corporation, as Servicer
(the “Servicer”), and U.S. Bank National Association, a national banking association, not in its individual capacity, but solely as Indenture Trustee (together with its successors in the trusts thereunder as provided in the
Indenture, the “Indenture Trustee”) under the Master Indenture dated as of March 10, 2006 (the “Indenture”) among the Issuer, the Servicer and the Indenture Trustee. 
 RECITALS 
 1. The Issuer, the Servicer
and the Indenture Trustee are parties to that certain Series 2006-One Supplement dated as of March 10, 2006, as amended by Supplement No. 1 to Series 2006-One Supplement to Master Indenture, dated as of September 29, 2006, as amended
by Supplement No. 2 to Series 2006-One Supplement to Master Indenture, dated as of November 2, 2007 (as previously supplemented and as amended, supplemented or otherwise modified from time to time, the “Indenture
Supplement”). 
 2. The parties hereto desire to amend and supplement the Indenture Supplement as hereinafter set forth. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 1. Certain Defined Terms. Capitalized terms that are used herein without definition and that are defined in the Indenture Supplement
shall have the same meanings herein as therein. 
 2. Amendment to Section 2.01 of the Indenture Supplement. The Indenture
Supplement is hereby amended and supplemented by deleting each of the following definitions in its entirety and replacing it with the following: 
 “Fixed/Floating Allocation Percentage” shall mean, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is
(a) during the Revolving Period, the Series Adjusted Allocation Amount for Series 2006-One as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Note Principal Balance) and
(b) during the Redemption Period, the Series Adjusted Allocation Amount for Series 2006-One as of the close of business on the date on which the Revolving Period shall have terminated or been suspended, as the case may be, and the denominator
of which is the product of (x) the greater of (A) the sum of (i) the total amount of Principal Receivables as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount
of Principal Receivables as of the Closing Date), (ii) the Special Funding Amount as of such last day (or with respect to the first Monthly Period, the Closing Date) and (iii) the amount of Collections of Principal Receivables on deposit
in the Collection Account as of such last day (or with respect to the first Monthly Period, as of the Closing Date) and (B) the sum of the numerators used to determine the series allocation percentages with respect to Collections of Principal
Receivables for all Series of Notes Outstanding, and (y) the Series 2006-One Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which
one or more Reset Dates occurs, the Fixed/Floating Allocation Percentage shall be recalculated as provided above but as of such Reset Date for the period from and including such Reset Date to but excluding the next such Reset Date, if any, or if no
other Reset Date occurs during such Monthly Period, to and including the last day of such Monthly Period, as applicable. 

 “Redemption Period” shall mean, with respect to Series 2006-One, the Controlled
Redemption Period or the Early Redemption Period (or both), as the context requires. 
 “Reset Date” shall mean each of
(a) an Addition Date, (b) a date on which a Note Principal Balance Increase occurs, (c) the date of any increase or decrease (other than regularly scheduled redemptions or early redemptions but including any optional redemption or
limited redemption in the principal balance of the Notes of any Series) in the note principal balance or allocation amount for another variable funding Series, and (d) any date on which a new Series is issued. 
 “Revolving Period” shall mean the period beginning at the close of business on the Closing Date and ending on the earlier of
(a) the close of business on the day immediately preceding the day the Controlled Redemption Period commences and (b) the close of business on the day immediately preceding the day the Early Redemption Period commences. 
 “Series Allocation Amount” shall mean, for Series 2006-One, with respect to any date of determination (a) during the Revolving
Period, the Note Principal Balance as of such date of determination, and (b) during a Redemption Period, the Note Principal Balance as of the close of business on the last day of the Revolving Period. 
 “Transferor Percentage” shall mean 100% minus (a) the Floating Allocation Percentage, when used at any time with respect to
Defaulted Receivables, (b) the Floating Allocation Percentage, when used during a Monthly Period in the Revolving Period or the Controlled Redemption Period with respect to Collections of Finance Charge Receivables, (c) the Fixed/Floating
Allocation Percentage, when used during a Monthly Period in the Early Redemption Period with respect to Collections of Finance Charge Receivables, and (d) the Fixed/Floating Allocation Percentage, when used at any time with respect to
Collections of Principal Receivables. 
 3. Amendment to Section 2.01 of the Indenture Supplement. The Indenture Supplement is
hereby amended by deleting each of the following definitions in its entirety: “Facility Limit,” “Limited Redemption Amount,” “Limited Redemption Period,” “Optional Redemption Amount,”“Optional Redemption
Date,” and “Optional Redemption Notice.” 
 4. Amendment to Section 4.01(c)(i)(x) of the Indenture Supplement. The
Indenture Supplement is hereby amended and supplemented by deleting Section 4.01(c)(i)(x) in its entirety and replacing it with the following: 
 Allocations During the Revolving Period and the Controlled Redemption Period. During the Revolving Period and the Controlled Redemption Period, the Servicer shall allocate to the Series 2006-One Noteholders and retain in the
Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 2006-One Allocation Percentage and (C) the aggregate amount of Collections of Finance
Charge Receivables deposited in the Collection Account on such Deposit Date; provided, however, that after the date on which an amount of such Collections of Finance Charge Receivables equal to the sum of the amounts specified in
subsections 4.05(a)(i) through (ix) have been deposited into the Collection Account and allocated to the Series 2006-One Noteholders (and, with respect to the amount specified in subsection 4.05(a)(viii), deposited into the Spread
Account), such amount shall be paid to the Issuer for application pursuant to the Trust Agreement. 
 5. Amendment to
Section 4.01(c)(ii)(w) of the Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by deleting Section 4.01(c)(ii)(w) in its entirety. 
 6. Amendment to Section 4.01(c)(ii)(x) of the Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by deleting
Section 4.01(c)(ii)(x) in its entirety and replacing it with the following: 
 (x) Allocations During the Revolving
Period. During the Revolving Period (A) an amount equal to the product of (I) the Aggregate Subordination Percentage for the immediately preceding Monthly Period and (II) the Fixed/Floating Allocation Percentage and (III) the Series
2006-One Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such 

 
Deposit Date, shall be allocated to the Series 2006-One Noteholders and retained in the Collection Account until applied as provided herein; provided,
however, that any such amount may be withdrawn from the Collection Account and paid to the Issuer for application pursuant to the Trust Agreement on any Business Day requested by the Issuer, but only if (i) the Transferor Amount on such
date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Issuer on such day) and (ii) the Available Spread Account Amount is equal to or greater than the Required Spread Account
Amount (after giving effect to any deposits into the Spread Account on such Deposit Date pursuant to subsection 4.05(a)(viii)) and (B) an amount equal to the product of (I) 100% minus the Aggregate Subordination Percentage
for the immediately preceding Monthly Period and (II) the Fixed/Floating Allocation Percentage and (III) the Series 2006-One Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection
Account on such Deposit Date shall be first, if on such Deposit Date the Available Spread Account Amount is less than the Required Spread Account Amount (after giving effect to any deposits into the Spread Account on such Deposit Date pursuant to
subsection 4.05(a)(viii)), deposited into the Spread Account in the amount of such shortfall, second, if any other Principal Sharing Series is outstanding and in its redemption period or accumulation period, retained in the Collection Account
for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and third, paid to the Issuer for application pursuant to the Trust Agreement on each Distribution Date; provided, however,
that any such amount to be paid to the Issuer shall be paid to the Issuer only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Issuer on such
day) and otherwise shall be deposited in the Special Funding Account. 
 7. Amendment to Section 4.03 of the Indenture
Supplement. The Indenture Supplement is hereby amended and supplemented by deleting Section 4.03 in its entirety. 
 8. Amendment
to Section 4.05(d) of the Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by deleting Section 4.05(d) in its entirety. 
 9. Amendment to Section 4.10 of the Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by deleting Section 4.10 in its entirety and replacing it with the following:

 Shared Principal Collections. Subject to Section 4.02 of the Transfer and Servicing Agreement, Shared Principal Collections for
any Distribution Date will be allocated to Series 2006-One in an amount equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Distribution Date and (y) a
fraction, the numerator of which is the Series 2006-One Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series for such
Distribution Date. The “Series 2006-One Principal Shortfall” will be equal to (a) for any Distribution Date with respect to the Revolving Period, zero, and (b) for any Distribution Date with respect to the Controlled Redemption
Period or the Early Redemption Period, the excess, if any, of the Allocation Amount over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

 10. Amendment to Section 4.12(c) of the Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by
deleting Section 4.12(c) in its entirety and replacing it with the following: 
 [Reserved]. 
 11. Amendment to Section 7.01 of the Indenture Supplement. The Indenture Supplement is hereby amended and supplemented by deleting
Section 7.01(a) in its entirety and replacing it with the following: 
 (a) On any day occurring on or after the date on
which the Note Principal Balance is reduced to 10% or less of the highest Note Principal Balance at any time on or after the Closing Date, the Issuer, at the direction of the Transferor, shall have the option to redeem the Series 2006-One Notes, at
a redemption price equal to (i) if such day is a Distribution Date, the Redemption Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Redemption Amount for the Distribution Date first following such day.

 12. Effect of Supplement. Except as expressly amended and modified by this Supplement, all
provisions of the Indenture Supplement shall remain in full force and effect. After this Supplement becomes effective, all references in the Indenture Supplement to “this Supplement”, “hereof”, “herein” or words of
similar effect referring to the Indenture Supplement shall be deemed to be references to the Indenture Supplement as amended by this Supplement. This Supplement shall not be deemed to expressly or impliedly waive, amend or supplement any provision
of the Indenture other than as expressly set forth herein. 
 13. Effectiveness. This Supplement shall become effective as of the date
hereof upon receipt by the Trustee of counterparts of this Supplement (whether by facsimile or otherwise) executed by each of the other parties hereto and of consent hereto by all the Class A Noteholders. 
 14. Counterparts. This Supplement may be executed in any number of counterparts and by different parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 15.
Governing Law. THIS SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 16.
Section Headings. The various headings of this Supplement are inserted for convenience only and shall not affect the meaning or interpretation of this Supplement or the Indenture Supplement or any provision hereof or thereof. 
 17. Representations and Warranties. The Issuer represents and warrants that (i) all of its representations and warranties set forth in the
Indenture Supplement are true and accurate in all material respects as though made on and as of the date hereof (except representations and warranties which relate to a specific date, which were true and correct as of such date) and (ii) no
Early Redemption Event, and no Termination Event under the Class A Note Purchase Agreement, has occurred and is continuing. 
 18. No
Recourse. It is expressly understood and agreed by the parties hereto that (a) this Supplement is executed and delivered by Wilmington Trust, FSB, not individually or personally but solely as trustee of the Issuer, in the exercise of the
powers and authority conferred and vested in it under the Trust Agreement, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and
agreements by Wilmington Trust, FSB but is made and intended for the purpose of binding only the Issuer and (c) under no circumstances shall Wilmington Trust, FSB be liable for the breach or failure of any obligation, representation, warranty
or covenant made or undertaken by the Issuer under this Supplement or any other document to which the Issuer is a party. 
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intentionally left blank] 

 IN WITNESS WHEREOF, the parties have executed this Supplement as of the date first written above.

  

			
	 COMPUCREDIT CREDIT CARD MASTER NOTE
BUSINESS TRUST III,
 Issuer

		
	 By:
	 	WILMINGTON TRUST FSB not in its individual capacity, but solely as Owner Trustee
		
	 By:
	 	 /s/ John M. Beeson, Jr.

	 Name:
	 	 John M. Beeson, Jr.

	 Title:
	 	 Senior Vice President

	
	 U.S. BANK NATIONAL ASSOCIATION,
 Indenture Trustee

		
	 By:
	 	 /s/ Tamara Schultz-Fugh

	 Name:
	 	 Tamara Schultz-Fugh

	 Title:
	 	 Vice President

	
	 COMPUCREDIT CORPORATION,
 Servicer

		
	 By:
	 	 /s/ William McCamey

	 Name:
	 	 William McCamey

	 Title:
	 	 Treasurer

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