Document:

Supplemental Indenture

 Exhibit 4.2 
 SUPPLEMENTAL INDENTURE 
 This Supplemental Indenture (the “Supplemental Indenture”) dated
as of June 30, 2009, is entered into by and among CompuCredit Corporation, a Georgia corporation (the “Company”), CompuCredit Holdings Corporation, a Georgia corporation (“Holdings”), and U.S. Bank National Association, as
successor to Wachovia Bank, National Association, as Trustee (the “Trustee”) under the Indenture (the “Indenture”) dated as of November 23, 2005 between the Company and the Trustee. 
 RECITALS 
 WHEREAS, the Company has
outstanding Securities issued pursuant to the Indenture. 
 WHEREAS, the Company, Holdings and CompuCredit Merger Sub, Inc., a Georgia
corporation and an indirect, wholly owned subsidiary of the Company (“Merger Sub”), have executed and delivered an Agreement and Plan of Merger, dated as of June 2, 2009 pursuant to which (i) the Merger Sub will be merged with
and into the Company, with the Company surviving the merger and (ii) the outstanding common stock of the Company will be converted into common stock of Holdings (the “Reorganization”). 
 WHEREAS, to effect the Reorganization, the Company has incorporated Holdings as a direct, wholly owned subsidiary, which in turn has incorporated Merger
Sub. 
 WHEREAS, as a result of the Reorganization, Holdings will become a holding company and the Company will become a direct wholly owned
subsidiary of Holdings. 
 WHEREAS, as a result of the Reorganization, Holdings will become a “successor Person” to the Company,
under the terms of the Indenture. 
 WHEREAS, Holdings and the Company intend that Holdings will succeed to, and be substituted for, and may
exercise every right and power of, the Company under the Indenture with the same effect as if Holdings had been named as the Company in the Indenture, and, thereafter, the Company will be discharged and released from all obligations and covenants
under the Indenture and the Securities. 
 NOW, THEREFORE, in consideration of the premises, the covenants herein contained and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto covenant and agree as follows: 
 ARTICLE I 
 Section 1.1 Capitalized Terms. Capitalized terms used but not defined herein
are defined in the Indenture and are used herein with the meanings assigned to them therein. 

 Section 1.2 Securities. Holdings shall, effective as of the effective time of the
Reorganization (the “Effective Time”), assume, and shall thereafter timely pay, perform, discharge and fully and unconditionally guarantee, each and every obligation of the Company under and with respect to those certain 5.875% Convertible
Senior Notes due 2035 (the “Securities”) issued by the Company in an aggregate principal amount of $300,000,000 pursuant to the Indenture. 
 Section 1.3 Indenture. Pursuant to Article 5 of the Indenture, Holdings shall, effective as of the Effective Time, succeed to, and be substituted for, and may exercise every right and power of, the Company
under the Indenture with the same effect as if Holdings had been named as the Company in the Indenture. Without limiting the foregoing, Holdings shall, effective as of the Effective Time, assume, and shall thereafter timely pay, perform, discharge
and fully and unconditionally guarantee, each and every obligation of the Company under and with respect to the Indenture. From and after the Effective Time, the Company will be discharged and released from all obligations and covenants under the
Indenture and the Securities, including but not limited to the obligation to pay, perform and discharge any indebtedness issued under the Indenture. 
 Section 1.4 Conversion of Securities. At the Effective Time, the Securities shall cease to be convertible into shares of the Company’s common stock and shall be convertible, under the same terms and
conditions as were applicable to such Securities immediately prior to the Effective Time, into shares of Holdings no par value common stock. 
 Section 1.5 No Recourse Against Others. No past, present or future director, officer, employee, incorporator, shareholder of Company, as such, shall have any liability for any obligations of Holdings or Company under the
Securities, the Indenture or this Supplemental Indenture or any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder, by accepting the Securities, waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Securities. 
 ARTICLE II 
 Section 2.1 Effectiveness. Although this Indenture may be executed and delivered by the parties hereto prior to the Effective Time, the
provisions hereof shall not become effective unless and until the Reorganization becomes effective and, under such circumstances, shall become effective concurrently with the Effective Time of the Reorganization. From and after the Effective Time,
the Indenture, as hereby supplemented, amended and modified, shall remain in full force and effect. 
 Section 2.2 References.
Each reference in the Indenture or this Supplemental Indenture to any article, section, term or provision of the Indenture shall mean and be deemed to refer to such article, section, term or provision of the Indenture, as modified by this
Supplemental Indenture, except where the context otherwise indicates. 
  

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 Section 2.3 Benefit. All the covenants, provisions, stipulations and agreements contained in
this Supplemental Indenture are and shall be for the sole and exclusive benefit of the parties hereto, their successors and assigns, and of the Holders and registered owners from time to time of the Securities as hereby amended and supplemented.

 Section 2.4 Receipt by Trustee. In accordance with Article 5, Section 12.04 and Section 12.05 of the Indenture, the
Trustee acknowledges that it has received an Officer’s Certificate and Opinion of Counsel stating that the Reorganization and the Supplemental Indenture comply with Article 5 of the Indenture and that all conditions precedent provided in the
Indenture relating to the Reorganization have been satisfied. 
 Section 2.5 Counterparts. This Supplemental Indenture may be
executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall be deemed to be a single instrument. 
 Section 2.6 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the state of New York without giving effect to the conflict of laws rules thereof.

 Section 2.7 Headings. The Article and Section headings herein are for convenience only and shall not affect the construction
hereof. 
 Section 2.8 The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity, legality or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made by the Company and Holdings. 
 Section 2.9 Separability. Each provision of this Supplemental Indenture shall be considered separable and if for any reason any provision
which is not essential to the effectuation of the basic purpose of this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 
 Section 2.10 Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly
supplemented hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes,
and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 
  

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 IN WITNESS WHEREOF, the undersigned have each caused this Supplemental Indenture to be executed in its
corporate name by the officer whose name is provided below, all as of the day and year first above written. 
  

			
	COMPUCREDIT CORPORATION
		
	By:	 	/s/ David G. Hanna
	Name:	 	David G. Hanna
	Title:	 	Chief Executive Officer
		
	By:	 	/s/ Richard W. Gilbert
	Name:	 	Richard W. Gilbert
	Title:	 	Chief Operating Officer
	
	COMPUCREDIT HOLDINGS CORPORATION
		
	By:	 	/s/ David G. Hanna
	Name:	 	David G. Hanna
	Title:	 	Chief Executive Officer
		
	By:	 	/s/ J.Paul Whitehead, III
	Name:	 	J.Paul Whitehead, III
	Title:	 	Chief Financial Officer
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Paul L. Henderson
	Name:	 	Paul L. Henderson
	Title:	 	Assistant Vice President

  

 4Assumption Agreement

 Exhibit 10.1 
 ASSUMPTION AGREEMENT 
 THIS ASSUMPTION AGREEMENT (this “Assumption Agreement”) dated
as of June 30, 2009 is between CompuCredit Corporation, a Georgia corporation (“CompuCredit”), and CompuCredit Holdings Corporation, a Georgia corporation and a wholly owned subsidiary of CompuCredit (“Holdings”). All
capitalized terms used in this Assumption Agreement and not defined herein have the respective meanings ascribed to them in the Agreement and Plan of Merger, dated as of June 2, 2009 (the “Merger Agreement”), by and among Holdings,
CompuCredit and CompuCredit Merger Sub, Inc., a Georgia corporation and a wholly owned subsidiary of Holdings (“Merger Sub”). 
 RECITALS 
 WHEREAS, pursuant to the Merger Agreement, at the Effective Time Merger Sub will be merged with and into
CompuCredit, with CompuCredit continuing as the surviving corporation, each outstanding share of CompuCredit Common Stock will be converted into one share of Holdings Common Stock and each outstanding share of Holdings Common Stock held by
CompuCredit will be canceled (the “Reorganization”); and 
 WHEREAS, in connection with the Reorganization, Holdings will
assume CompuCredit’s currently effective registration statements (collectively, the “Registration Statements”), CompuCredit’s Registered Stock Plans, the employee benefit plans listed in Exhibit A (the “Plans”)
and the employment agreements listed in Exhibit B (the “Agreements”), all upon the terms and subject to the conditions set forth in this Assumption Agreement. 
 NOW, THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, CompuCredit and
Holdings hereby agree as follows: 
 I. 
 ASSUMPTION OF REGISTRATION STATEMENTS 
 1. Subject to and as of the Effective Time, Holdings
assumes the Registration Statements subject to the terms and conditions of the Merger Agreement and, to the extent set forth therein, assumes all obligations of CompuCredit under the Registration Statements. 
 2. Holdings, as of the Effective Time, shall be deemed a “successor issuer” for purposes of continuing offerings under the Securities Act of
1933, as amended (the “Securities Act”). As soon as practicable following the Effective Time, Holdings agrees to file post-effective amendments to each of the Registration Statements, adopting such statements as Holdings’ own
registration statements for all purposes of the Securities Act and the Securities Exchange Act of 1934 and setting forth any additional information necessary to reflect any material changes made in connection with or resulting from the succession or
as necessary to keep the Registration Statements from being misleading. 

 II. 
 ASSUMPTION OF EQUITY PLANS 
 1. Subject to and as of the Effective Time, Holdings assumes and
will perform, from and after the Effective Time, all of the obligations of CompuCredit pursuant to the Registered Stock Plans. 
 2. Subject
to and as of the Effective Time, Holdings assumes each option to purchase or right to acquire or vest in CompuCredit Common Stock issued under the Registered Stock Plans or granted by CompuCredit outside of the Registered Stock Plans that is
outstanding and unexercised, unvested and not yet paid or payable immediately prior to the Effective Time, which shall be converted into an option to purchase or right to acquire or vest in, on otherwise the same terms and conditions as were
applicable under the respective Registered Stock Plan or the underlying equity award agreement (as modified herein), that number of shares of Holdings Common Stock equal to the number of shares of CompuCredit Common Stock subject to such CompuCredit
Award, at, for stock options, an exercise price per share equal to the exercise price per share for such CompuCredit stock option immediately prior to the Effective Time. 
 3. Holdings and CompuCredit agree to (i) prepare and execute all amendments to the Registered Stock Plans, CompuCredit Awards, and other documents necessary to effectuate Holdings’ assumption of the
Registered Stock Plans and the outstanding options to purchase or rights to acquire or vest in CompuCredit Common Stock, (ii) provide notice of the assumption to holders of such options and rights to acquire or vest in CompuCredit Common Stock
as reasonably necessary, and (iii) submit any required filings with the Securities and Exchange Commission in connection with same. 
 4. On or prior to the Effective Time, Holdings shall reserve sufficient shares of Holdings Common Stock to provide for the issuance of Holdings Common Stock to satisfy Holdings’ obligations under the Merger Agreement, including without
limitation the Registered Stock Plans. 
 III. 
 ASSUMPTION OF EMPLOYEE BENEFIT PLANS 
 1. As of and subject to the Effective Time, CompuCredit
transfers, and Holdings assumes and accepts, sponsorship of all of the Plans, along with any agreements, rights, duties, assets and liabilities associated with such Plans, to the extent such Plans were previously sponsored or maintained by
CompuCredit, such that CompuCredit will no longer sponsor any of such Plans after the Effective Time. 
 2. As of and subject to the
Effective Time, CompuCredit transfers, and Holdings assumes and accepts, all trusts and related trust agreements and other funding vehicles maintained by CompuCredit in connection with such Plans, and Holdings and CompCredit agree to take all
necessary actions to effect such transfers. 
  

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 3. As of and subject to the Effective Time, Holdings will be a participating employer in such Plans and
all of Holdings’ employees, to the extent otherwise eligible, shall be eligible to participate in such Plans by taking into account any service such employees were credited previously by CompuCredit for purposes of such Plans; and CompuCredit
also shall continue as a participating employer in such Plans notwithstanding the transfer of sponsorship of such Plans from CompuCredit to Holdings. 
 4. Holdings and CompuCredit agree to (i) prepare and execute all amendments to the Plans and other documents necessary to effectuate Holdings’ assumption of sponsorship of such Plans and the related trusts,
trust agreements and funding vehicles and Holdings’ and CompuCredit’s participation in such Plans as participating employers for their respective eligible employees and (ii) provide notice to affected participants, vendors and other
persons. 
 IV. 
 ASSUMPTION OF EMPLOYMENT AGREEMENTS 
 Subject to and as of the Effective Time, CompuCredit assigns, and Holdings
assumes, all of the Agreements along with any rights, duties, and liabilities associated with such Agreements, entered into by CompuCredit prior to the Effective Time, contingent upon the applicable employee’s consent to the extent required
under the applicable Agreement. 
 V. 
 MISCELLANEOUS 
 Each of Holdings and CompuCredit will, from time to time and at all times
hereafter, upon every reasonable request to do so by the other party hereto, make, do, execute and deliver, or cause to be made, done, executed and delivered, all such further acts, deeds, assurances and things as may be reasonably required or
necessary in order to further implement and carry out the intent and purpose of this Assumption Agreement. 
 [Signatures Follow on Next Page]

  

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 IN WITNESS WHEREOF, Holdings and CompuCredit have caused this instrument to be duly executed as of
and on the date first above written, to be effective as of the Effective Time. 
  

					
	COMPUCREDIT HOLDINGS CORPORATION
		
	By:	 	/s/ David G. Hanna
		 	Name:	 	David G. Hanna
		 	Title:	 	Chief Executive Officer
	
	COMPUCREDIT CORPORATION
		
	By:	 	/s/ J.Paul Whitehead, III
		 	Name:	 	J.Paul Whitehead, III
		 	Title:	 	Chief Financial Officer

  

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