Document:

Exhibit 4.11

 

STOCK PURCHASE AND EXCHANGE AGREEMENT

 

This Stock Purchase and Exchange Agreement (this “Agreement”)
is made effective as of October 30, 2006 (the “Effective Date”), by and
between CCCI Holdings, Inc., a Delaware corporation (the “Company”),
and each of the persons and entities identified on the Schedule of
Purchasers hereto (each a “Purchaser”).

 

RECITALS

 

WHEREAS, the Company desires to issue to the Purchasers the shares of
capital stock set forth on the Schedule of Purchasers (collectively, the “Shares”),
and each Purchaser, severally and not jointly, desires to acquire those Shares
upon the terms, conditions and restrictions contained in this Agreement.

 

WHEREAS, certain Purchasers are contributing their shares of common
stock in DeMarseCo Holdings, Inc. (the “Subsidiary Stock”) in exchange
for shares of the Company’s common stock, $.001 par value (the “Common Stock”).

 

WHEREAS, for federal tax purposes, it is intended that the transactions
contemplated by this Agreement, including (without limitation) the exchange by
such Purchasers, qualify as an exchange described in Section 351 of the
Internal Revenue Code of 1986, as amended, and the rules and regulations
promulgated thereunder (the “Code”).

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the mutual promises herein set
forth, the parties hereto agree as follows:

 

1.                          Issuance of Shares. Subject to the terms and conditions of this
Agreement, the Company shall issue to each Purchaser, severally and not
jointly, and each Purchaser, severally and not jointly, shall acquire by
purchase or exchange, the Shares. The price of the Shares shall be as set forth
on the Schedule of Purchasers (the “Purchase Price”). The purchase,
sale and exchange of the Shares shall take place at such time and place as the
Company and the Purchasers mutually agree upon orally or in writing (which time
and place are designated as the “Closing”). At the Closing, the
Company shall deliver to the Purchasers certificates for the Shares that the
Purchasers are acquiring in exchange for the Subsidiary Stock or against
payment of the Purchase Price therefor by check, wire transfer or the offset or
conversion of indebtedness owing to any such Purchaser.

 

2.                          Representations and Warranties of the Company. The Company hereby represents and warrants
as of the Closing to each Purchaser that:

 

2.1                     The Company is a corporation, validly existing
and in good standing under the laws of the State of Delaware, and has all
requisite power and authority to carry on its business as currently contemplated.
The Shares purchased by Purchaser pursuant to this Agreement, when issued, sold
and delivered in accordance with this Agreement, will be duly and validly
issued, fully paid, and nonassessable.

 

2.2                     All corporate action on the part of the
Company and its directors, officers and stockholders necessary for the
authorization, execution and delivery of this Agreement, that certain Investors’
Rights Agreement, dated as of the Effective Date, by and between the Company
and each holder of capital stock of the Company identified on the Schedule
of Investors thereto (the “Investors’

 

1

 

Rights Agreement”), that certain Right of First Refusal and
Co-Sale Agreement, dated as of the Effective Date, by and between the Company,
the holders of the Company’s capital stock set forth on the Schedule of Holders
and the Schedule of Major Investors attached thereto (the “ROFR Agreement”)
and the Shares, and the performance of all obligations of Company hereunder and
thereunder has been taken or will be taken prior to the Closing. The Company’s
execution, delivery, and performance of this Agreement or of the Shares to such
Purchaser will not violate or conflict with the terms of the Company’s Amended
and Restated Certificate of Incorporation or Bylaws or in any material respect,
any statute, regulation, ordinance, rule of law, agreement, contract, mortgage,
indenture, bond, bill, note, judgment, order or decree of any court or
arbitrator to which the Company is a party or other instrument or writing
binding upon the Company or to which the Company is subject, except where the
Company has obtained a waiver or consent with respect to the transactions
contemplated by this Agreement.

 

2.3                     This Agreement, the Investors’ Rights Agreement
and the ROFR Agreement contain valid and binding obligations of the Company,
enforceable in accordance with their respective terms, in each case subject to
applicable bankruptcy, insolvency, reorganization or similar laws relating to
or affecting the enforcement of creditor’s rights and to the availability of
the remedy of specific performance and to the extent applicable securities laws
may limit indemnification provided by Section 1.9 of the Investors’ Rights
Agreement.

 

2.4                     There is no action, suit, proceeding, asserted
claim or to the Company’s knowledge, investigation pending and, to the Company’s
knowledge, no action, suit, proceeding, claim or investigation is threatened
against the Company.

 

2.5                     Subject to the truth and accuracy of Purchaser’s
representations set forth in Section 3 of this Agreement, the offer,
sale and issuance of the Shares as contemplated by this Agreement, and the
issuance of the Common Stock and Series B Redeemable Preferred Stock issuable
upon conversion of the Series A Convertible Redeemable Preferred Stock
(collectively, the “Conversion Shares”), are exempt
from the registration requirements of Section 5 of the Act and in compliance
with applicable stale securities laws.

 

2.6                     At Closing and prior to the closing of the transactions
contemplated by that certain Asset Purchase Agreement of even date herewith
between the DeMarseCo Holdings, Inc. and CreditCards.com, L.P. and certain
other parties (the “Asset Purchase Agreement”), the
authorized capitalization of Company consists of

 

(a)                      10,000,000 shares of Series A Convertible
Redeemable Preferred Stock, 9,935,529 of which are issued and outstanding;

 

(b)                     2,150,000 shares of Series A-l Convertible
Redeemable Preferred Stock, none of which are issued and outstanding;

 

(c)                      10,000,000 shares of Series B Redeemable
Preferred Stock, none of which are issued and outstanding;

 

(d)                     2,150,000 shares of Series B-l Redeemable
Preferred Stock, none of which are issued and outstanding;

 

(e)                      20,000,000 shares of Common Stock, 1,000,000
of which are issued and outstanding, 9,935,529 of which are reserved for
issuance pursuant to the conversion, in accordance with the terms of the
Certificate of Incorporation, of the outstanding Series A Convertible
Redeemable Preferred Stock, 2,111,106 of which are reserved for issuance
pursuant to the conversion, in accordance

 

2

 

with
the terms of the Certificate of Incorporation, of the Series A-l Convertible
Redeemable Preferred Stock to be issued under the Asset Purchase Agreement (as
defined below) in connection with the Acquisition, and 1,027,405 of which are
reserved for issuance pursuant to the Company’s 2006 Stock Plan.

 

All
of the Shares and the Conversion Shares, when issued in accordance with the terms
of this Agreement and the Company’s Amended and Restated Certificate of
Incorporation as in effect on the date hereof (the “Certificate”),
will have been duly authorized and validly issued and are fully paid and
nonassessable. The rights, privileges and preferences of the Shares and
Conversion Shares are as slated in the Certificate.

 

2.7                     The Company has fully provided each Purchaser
with all the information such Purchaser has requested for deciding whether to
purchase the Shares and all information that a reasonable investor would deem
material in connection with making a decision regarding the purchase of the
Shares. To its knowledge, neither this Agreement nor any other written
statement made or delivered in connection herewith or therewith, when taken as
a whole, contains any untrue statement of a material fact or omits to state a
material fact necessary in order to make the statements contained herein and
therein not misleading in light of the circumstances under which they were
made.

 

3.                          Representations and Warranties of the
Purchaser. Without limiting
such Purchaser’s right to rely on the Company’s representations and warranties
in Section 2 hereof, each Purchaser, severally and not jointly,
represents and warrants to the Company that:

 

3.1                     Purchaser is acquiring the Shares for
Purchaser’s own account for investment purposes only and not with a view to, or
in connection with, a distribution of the Shares within the meaning of the
Securities Act of 1933, as amended (the “Act”).
Purchaser has no present intention of selling or otherwise disposing of all or
any portion of the Shares and no one other than Purchaser has any beneficial
ownership of any of the Shares.

 

3.2                     Purchaser has had access to all information
regarding the Company and its present and prospective business, assets,
liabilities and financial condition that Purchaser reasonably considers
important in making the decision to purchase the Shares. Purchaser has had
ample opportunity to ask questions of the Company’s representatives concerning such
matters and this investment.

 

3.3                     Purchaser has a preexisting personal or
business relationship with the Company and/or certain of its officers of a
nature and duration sufficient to make Purchaser aware of the character,
business acumen and general business and financial circumstances of the
Company. By reason of Purchaser’s business or financial experience. Purchaser
is capable of evaluating the merits and risks of this investment, has the
ability to protect Purchaser’s own interests in this transaction and is
financially capable of bearing a total loss of this investment.

 

3.4                     At no time was Purchaser presented with or
solicited by any publicly issued or circulated newspaper, mail, radio,
television or other form of advertising or solicitation in connection with the
offer, sale and purchase of the Shares.

 

3.5                     Purchaser understands and acknowledges that,
in reliance upon the representations and warranties made by Purchaser herein,
the Shares are not being registered with the Securities and Exchange Commission
(“SEC”)
under the Act, but instead are being issued under an exemption or exemptions
from the registration and qualification requirements of the Act or applicable
state securities laws which impose certain restrictions on Purchaser’s ability
to transfer the Shares.

 

3

 

3.6                     Purchaser understands that Purchaser may not
transfer any Shares unless such Shares are registered under the Act or
qualified under the Law or unless, in the opinion of counsel to the Company,
exemptions from such registration and qualification requirements are available.
Purchaser understands that only the Company may file a registration statement
with the SEC and that the Company is under no obligation to do so with respect
to the Shares. Purchaser has also been advised that exemptions from
registration and qualification may not be available or may not permit Purchaser
to transfer all or any of the Shares in the amounts or at the times proposed by
Purchaser.

 

3.7                     The certificates representing the Shares shall
have endorsed thereon such legends as counsel for the Company advises are
required for purposes of federal or state securities laws.

 

4.                          No Transfer in Violation of Agreement. The Company shall not be required: (a) to
transfer on its books any of the Shares which shall have been sold or
transferred in violation of any of the provisions set forth in this Agreement,
or (b) to treat as owner of all or any part of such Shares for any purpose any
transferee to whom any of the Shares shall have been so transferred.

 

5.                          Conditions to Purchaser’s Obligations at
Closing. The obligations of
each Purchaser under this Agreement are subject to the fulfillment or waiver,
on or before the Closing, of each of the following conditions, the waiver of
which shall not be effective against Purchaser unless such waiver is given by
written communication to the Company:

 

5.1                     Each of the representations and warranties of
the Company contained in Section 2 shall be true and correct in all
material respects on and as of the Closing with the same effect as though such
representations and warranties had been made on and as of the date of the
Closing.

 

5.2                     The Company and the Purchasers shall have
executed and delivered the Investors’ Rights Agreement and the ROFR Agreement.

 

5.3                     The Purchasers shall have received from DLA
Piper US LLP, counsel for the Company, an opinion, dated as of the Effective
Date.

 

5.4                     The Company shall have performed and complied
in all material respects with all agreements, obligations, and conditions
contained in this Agreement that are required to be performed or complied with
by it on or before the Closing.

 

5.5                     The Amended and Restated Certificate of
Incorporation of the Company shall have been duly adopted by the Company by all
necessary corporate action of its directors, officers and stockholders and
shall have been duly filed with and accepted by the Secretary of State of the
State of Delaware in be in full force and effect without amendment thereto.

 

5.6                     Prior to the Closing, there shall not have
occurred any event that in the sole judgment of the Purchaser is or may result
in a material adverse change in the business, assets, liabilities, condition
(financial or otherwise), relations or prospects of the Company;

 

5.7                     There shall not have occurred or exist any
breach under that certain Asset Purchase Agreement;

 

5.8                     The offer, sale and exchange of the Shares to
such Purchaser pursuant to this Agreement shall be exempt from the registration
requirements of the Act and the registration and/or qualification requirements
of all other applicable state securities laws.

 

4

 

5.9                     All corporate and other proceedings in
connection with the transactions contemplated at the Closing and all documents incident
to such proceedings shall be reasonably satisfactory in form and substance to
such Purchaser purchasing Shares at the Closing and to their special counsel,
and they shall each have received all such counterpart originals and certified
or other copies of such documents as they may reasonably request. Such
documents shall include (but not be limited to) the following:

 

(a)                      A copy of the Amended and Restated Certificate
of Incorporation of the Company (as amended through the date of the Closing),
certified by the Secretary of the Company as true, complete, and correct copy
thereof.

 

(b)                     A copy of the resolutions of the Board of
Directors evidencing the approval of the Company’s Amended and Restated
Certificate of Incorporation, providing for the authorization and the issuance
of the Shares and the other matters contemplated by this Agreement.

 

5.10               The Company shall have provided such Purchaser
access to such information as Purchaser shall have reasonably requested in
connection with its due diligence review and Purchaser shall have concluded its
due diligence review of the Company to Purchaser’s complete satisfaction and
shall be reasonably satisfied that there has been no adverse change in the
business, affairs, operations, properties, assets, prospects, or condition of
the Company since its inception.

 

6.                          Conditions to the Company’s Obligations at
Closing. The obligations of
the Company to each Purchaser under this Agreement are subject to the
fulfillment or waiver on or before the Closing of each of the following
conditions with Purchaser:

 

6.1                     The representations and warranties of such
Purchaser contained in Section 3 shall be true and complete on the date
of the Closing with the same effect as though such representations and
warranties had been made on and as of the Closing.

 

6.2                     The Company shall have obtained any and all
consents, permits, and waivers necessary or appropriate for consummation of the
transactions contemplated herein, and the same shall be effective as of the
date of the Closing.

 

6.3                     The offer and sale of the Shares to such
Purchaser pursuant to this Agreement shall be exempt from the registration
requirements of the Act and the registration and/or qualification requirements
of all other applicable state securities laws.

 

7.                          Payment of Expenses. The Company agrees to pay the reasonable
fees and expenses of Austin Ventures VIII, L.P. and Austin Ventures IX, L.P.
incurred in connection with the transactions contemplated by this Agreement,
the Asset Purchase Agreement and the transactions contemplated hereby and
thereby.

 

8.                          Indemnification. The Company, without limitation as to time,
assumes liability for and agrees to indemnify, defend and hold harmless each
Purchaser and its officers, directors, stockholders, partners, employees,
agents and affiliates (collectively, “Indemnified Persons”) from and
against, all losses, claims, damages, liabilities, obligations, fines,
penalties, judgments, settlements, costs, expenses and disbursements (including
attorneys’ fees and expenses) (collectively, “Losses”) (i) arising out of or
related to any breach or inaccuracy of any representation or warranty of the
Company contained in this Agreement; (ii) any non-fulfillment or breach of any
covenant or agreement of the Company contained in this Agreement; or (iii)
incurred in connection with any suit, action, claim, investigation, liability
or obligation (an “Action or Proceeding”) against the Company or any
Indemnified Person arising out of or

 

5

 

in
connection with this Agreement (or any other document or instrument executed
pursuant hereto), or the transactions contemplated herein or therein, other
than (a) Losses that are finally determined in such Action or Proceeding to be
primarily and directly a result of (1) the gross negligence of such Indemnified
Person, (2) a breach of a fiduciary duty, if any, owed by such Indemnified
Person to the Company, (3) the willful misconduct or a knowing violation of
applicable law by such Indemnified Person, or (4) a transaction from which such
Indemnified Person received an improper personal benefit, or (b) Losses that
are the subject of the indemnification agreement entered into by the Company
and such Indemnified Person as to which Losses such indemnification agreement shall
apply. The Company agrees to reimburse each Indemnified Person promptly for all
such Losses as they are incurred by such Indemnified Person after the Company
receives a written undertaking of such Indemnified Person to reimburse the
Company for any payments made by the Company to such Indemnified Person if it
is finally determined in such Action or Proceeding that such Indemnified Person
is not entitled to indemnification pursuant to clause (iii) above. The
obligations of the Company to each Indemnified Person under this Section 8
will be separate and distinct obligations and will survive any transfer of
securities by any Investor and the expiration or termination of this Agreement
or any Ancillary Agreement. THE COMPANY AND THE PURCHASERS INTEND THAT THE
INDEMNIFIED PERSONS BE INDEMNIFIED FROM LIABILITY FOR THEIR OWN NEGLIGENCE
PURSUANT TO THIS SECTION 8.

 

9.                          Execution of Further Instruments. The parties agree to execute such further
instruments and to take such further action as may reasonably be necessary to
carry out the intent of this Agreement.

 

10.                    Notice. Any notice required or permitted hereunder shall be given in writing
and shall be deemed effectively given upon personal delivery or upon deposit in
the United States Post Office, by registered or certified mail with postage and
fees prepaid, addressed to the other party hereto at the address hereinafter
shown below the Purchaser’s name on the Schedule of Purchasers or at
such other address as such party may designate by ten (10) days’ advance written
notice to the Company.

 

11.                    Successors and Assigns. This Agreement shall inure to the benefit of
the successors and assigns of the Company including any corporate successor of
the Company resulting from an incorporation of the Company, and subject to the
restrictions of transfer herein set forth, be binding upon Purchaser, his
heirs, executors, administrators, successors and assigns.

 

12.                    Entire Agreement. This Agreement constitutes the entire
agreement between the parties and neither party shall be bound by any
representations, promises, warranties, or statement, express or implied, oral
or written, not contained herein.

 

13.                    Interpretation of Agreement. Where necessary to the sense of this
Agreement singular words shall include the plural, and masculine, the feminine
or neuter gender, and vice versa. The captions used herein are for convenience
of reference only, and shall be of no force or effect in interpreting any
provisions hereof.

 

14.                    Severable Provisions. The provisions of this Agreement are severable
and if any one or more provisions are determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions and any partially
enforceable provisions shall, nevertheless, be binding and enforceable.

 

15.                    Counterparts. This Agreement may be executed in counterparts, each of which will be
an original and all of which together will constitute one and the same
agreement.

 

6

 

16.                    Governing Law. This Agreement shall be deemed to have been
made in the State of Delaware and shall be governed by and construed according
to the law of the State of Delaware as it is applied to contracts entered into
and to be performed by residents of Delaware.

 

17.                    Exculpation. Each Purchaser acknowledges that it is not relying upon any other
Purchaser, or any officer, director, stockholder, employee, agent, partner or
affiliate of any such other Investor, in making its investment or decision to
invest in the Company or in monitoring such investment. Each Investor agrees
that no other Investor nor any officer, director, stockholder, employee, agent,
partner or affiliate of any other Purchaser shall be liable for any action
heretofore or hereafter taken or omitted to be taken by any of them relating to
or in connection with the Company or the Shares, or both. Without limiting the
foregoing, no Purchaser nor any of its officers, directors, stockholders,
partners, employees or agents of affiliates shall have any obligation,
liability or responsibility whatsoever for the accuracy, completeness or
fairness of any or all information about the Company or any subsidiary or their
respective properties, business or financial and other affairs, acquired by
such Purchaser or holder from the Company or any subsidiary or the respective
officers, directors, employees, agents, representatives, counselor auditors of
either, and in turn provided to another Purchaser, nor shall any such Purchaser
or other person or entity have any obligation or responsibility whatsoever to provide
any such information to any other Purchaser or to continue to provide any such
information if any information is provided.

 

Remainder of Page Intentionally Left Blank.

 

7

 

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

 

 

	
   

  	
  CCCI
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Elisabeth DeMarse

  	
   

  
	
   

  	
   

  	
  Elisabeth
  DeMarse

  	
   

  
	
   

  	
   

  	
  Chief
  Executive Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AUSTIN
  VENTURES VIII, L.P.

  
	
   

  	
   

  
	
   

  	
  By: AV Partners VIII,
  L.P., its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Kenneth P. DeAngelis

  	
   

  
	
   

  	
   

  	
  Kenneth
  P. DeAngelis

  	
   

  
	
   

  	
   

  	
  General
  Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AUSTIN
  VENTURES IX, L.P.

  
	
   

  	
   

  
	
   

  	
  By: AV Partners IX,
  L.P., its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth P. DeAngelis

  	
   

  
	
   

  	
   

  	
  Kenneth
  P. DeAngelis

  	
   

  
	
   

  	
   

  	
  General
  Partner

  	
   

  

 

 

Signature Page to
Stock Purchase and Exchange Agreement

 

 

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

 

 

	
   

  	
  AMERICAN
  CAPITAL STRATEGIES, LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bowen Diehl

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Bowen Diehl

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AMERICAN
  CAPITAL EQUITY I, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  American Capital Equity
  Management, LLC,

  
	
   

  	
   

  	
  Its Manager

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Kenneth
  L. Pollack

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Kenneth L. Pollack

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
					

 

 

Signature Page to
Stock Purchase and Exchange Agreement

 

 

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

 

	
   

  	
  ELISABETH
  DEMARSE

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Elisabeth DeMarse

  	
   

  
	
   

  	
  Elisabeth
  DeMarse

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PHILIP
  SIEGEL

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Philip Siegel

  	
   

  
	
   

  	
  Philip
  Siegel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JOHN
  DURRETT

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ John Durrett

  	
   

  
	
   

  	
  John
  Durrett

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  DAVID
  LACK

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ David Lack

  	
   

  
	
   

  	
  David
  Lack

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BRETT
  SHOBE

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Brett Shobe

  	
   

  
	
   

  	
  Brett
  Shobe

  	
   

  

 

 

Signature Page to
Stock Purchase and Exchange Agreement

 

 

SCHEDULE OF PURCHASERS

 

	
  Purchaser

  	
   

  	
  Shares of Series A

  Convertible

  Redeemable

  Preferred Stock

  	
   

  	
  Purchase Price

  	
   

  	
  Shares of

  Common

  Stock

  	
   

  	
  Contributed

  Shares of

  Subsidiary Stock

  	
   

  
	
  Austin Ventures VIII, L.P.

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Attention: Ken DeAngelis

  Fax: (512) 476-3952

  	
   

  	
  3,990,156

  	
   

  	
  $

  	
  25,499,997.68 

  	
  (*)

  	
   

  	
   

  	
   

  	
   

  
	
  Austin Ventures IX, L.P.

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Attention: Ken DeAngelis

  Fax: (512) 476-3952

  	
   

  	
  4,596,772

  	
   

  	
  $

  	
  29,376,714.93

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  American Capital Strategies, Ltd.

  2 Bethesda Metro Center, 14th Floor

  Bethesda, MD 20814

  Attention: Compliance Officer and Legal

  Department

  Fax: (301) 654-6714

  	
   

  	
  876,269

  	
   

  	
  $

  	
  5,599,995.96

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  American Capital Equity I, LLC

  c/o American Capital Strategies, Ltd.

  2 Bethesda Metro Center, 14th Floor

  Bethesda, MD 20814

  Attention: Compliance Officer and Legal

  Department

  Fax: (301) 654-6714

  	
   

  	
  375,545

  	
   

  	
  $

  	
  2,400,005.57

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Elisabeth DeMarse

  c/o Austin Ventures

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Fax: (512) 476-3952

  	
   

  	
  78,238

  	
   

  	
  $

  	
  499,997.70

  	
   

  	
  648,149

  	
   

  	
  648,149

  	
   

  
	
  Philip Siegel

  c/o Austin Ventures

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Fax: (512) 476-3952

  	
   

  	
  3,912

  	
   

  	
  $

  	
  25,000.52

  	
   

  	
  172,407

  	
   

  	
  172,407

  	
   

  
	
  John Durrett

  c/o Austin Ventures

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Fax: (512) 476-3952

  	
   

  	
  6,813

  	
   

  	
  $

  	
  43,540.02

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  David Lack

  c/o Austin Ventures

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Fax: (512) 476-3952

  	
   

  	
  3,912

  	
   

  	
  $

  	
  25,000.52

  	
   

  	
  172,407

  	
   

  	
  172,407

  	
   

  
	
  Brett Shobe

  c/o Austin Ventures

  300 West Sixth Street, Suite 2300

  Austin, Texas 78701

  Fax: (512) 476-3952

  	
   

  	
  3,912

  	
   

  	
  $

  	
  25,000.52

  	
   

  	
  7,037

  	
   

  	
  7,037

  	
   

  
	
  TOTALS

  	
   

  	
  9,935,529

  	
   

  	
  $

  	
  63,495,253.42

  	
   

  	
  1,000,000

  	
   

  	
  1,000,000

  	
   

  

 

(*)                    $510,578.08 of
such consideration delivered for the purchase price shall be in the form of
cancellation of indebtedness owing to Purchaser.QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 4.12  

 
 

CCCI HOLDINGS, INC.
  INVESTORS' RIGHTS AGREEMENT
  OCTOBER 30, 2006    
    

 
 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 
	 	Page

	1.	 	Registration Rights	 	1
	 	 	1.1	Definitions	 	1
	 	 	1.2	Request for Registration	 	2
	 	 	1.3	Company Registration	 	3
	 	 	1.4	Form S-3 Registration	 	3
	 	 	1.5	Obligations of the Company	 	4
	 	 	1.6	Information from Holder	 	5
	 	 	1.7	Expenses of Registration	 	6
	 	 	1.8	Delay of Registration	 	6
	 	 	1.9	Indemnification	 	6
	 	 	1.10	Reports Under Securities Exchange Act of 1934	 	8
	 	 	1.11	Assignment of Registration Rights	 	8
	 	 	1.12	Limitations on Subsequent Registration Rights	 	9
	 	 	1.13	"Market Stand-Off" Agreement	 	9
	 	 	1.14	Termination of Registration Rights	 	9
	

2.	
 	

Covenants of the Company	
 	

10
	 	 	2.1	Delivery of Financial Statements	 	10
	 	 	2.2	Delivery of Financial Plan	 	10
	 	 	2.3	Inspection	 	10
	 	 	2.4	Preemptive Right	 	10
	 	 	2.5	Special Relationships	 	12
	 	 	2.6	Stock Option Grants	 	12
	 	 	2.7	Board Composition	 	12
	 	 	2.8	Termination of Certain Covenants	 	13
	

3.	
 	

Miscellaneous	
 	

13
	 	 	3.1	Successors and Assigns	 	13
	 	 	3.2	Governing Law	 	13
	 	 	3.3	Counterparts	 	13
	 	 	3.4	Titles and Subtitles	 	13
	 	 	3.5	Notices	 	13
	 	 	3.6	Expenses	 	13
	 	 	3.7	Entire Agreement: Amendments and Waivers	 	13
	 	 	3.8	Severability	 	14
	 	 	3.9	Aggregation of Stock	 	14
	 	 	3.10	Conflicts of Interest	 	14
	 	 	3.11	Effect on Lender Relationship	 	14
	

SCHEDULE OF INVESTORS	
 	

 

i

 
 

INVESTORS' RIGHTS AGREEMENT    
    

        THIS INVESTORS' RIGHTS AGREEMENT is made as of October 30, 2006, by and among CCCI Holdings, Inc., a Delaware corporation (the
"Company") and each holder of capital stock of the Company identified on the Schedule of Investors
hereto, (each an "Investor"). 

 
 

RECITALS    
    

        WHEREAS,
the Company and the Investors desire to set forth certain rights of the Investors to cause the Company to register shares of Common Stock issued or issuable to them and certain
other matters as set forth herein. 

 
 

AGREEMENT    
    

        NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the Existing Investors hereby agree that the Prior Agreement shall be
superseded and replaced in its entirety by this Agreement, and the parties hereto further agree as follows: 

        1.     Registration Rights. The Company covenants and agrees as follows: 

        1.1   Definitions. For purposes of this Section 1: 

        (a)   The
term "Act" means the Securities Act of 1933, as amended. 

        (b)   The
term "Affiliate" has the meaning ascribed to such term in Rule 405 of the Act. 

        (c)   The
term "Form S-3" means such form under the Act as in effect on the date hereof or any successor
form thereto. 

        (d)   The
term "Holder" means any person owning or having the right to acquire Registrable Securities or any assignee thereof
in accordance with Section 1.11 hereof. 

        (e)   The
term "Initial Offering" means the Company's first firm commitment underwritten public offering of its Common Stock
under the Act. 

        (f)    The
term "1934 Act" means the Securities Exchange Act of 1934, as amended. 

        (g)   The
term "Preferred Stock" shall mean shares of the Company's convertible preferred stock outstanding from time to time. 

        (h)   The
term "Purchase Agreement" means the Asset Purchase Agreement entered into as of October 30, 2006, by and among
DeMarseCo Holdings, Inc., a Delaware corporation, CreditCards.com, L.P., a Texas limited partnership, Urban Eugene Smith Revocable Trust, The Stover Family Trust, The 2006 Stover Irrevocable
Trust, The Stover Descendents Irrevocable Trust, NCCF Trust and Click Success, L.P. 

        (i)    The
term "register," "registered," and
"registration" refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the
declaration or ordering of effectiveness of such registration statement or document. 

        (j)    The
term "Registrable Securities" means (i) the Common Stock held by the Investors, including any Common Stock
issuable upon the conversion of Preferred Stock held by the Investors, and (ii) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or
other security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the shares referenced in (i) above, excluding in all cases,
however, any Registrable Securities sold by a person in a transaction in which his rights under this Section 1 are not assigned. 

        (k)   The
term "SEC" shall mean the Securities and Exchange Commission. 

 

        1.2   Request for Registration. 

        (a)   Subject
to the conditions of this Section 1.2, if the Company shall receive at any time after the earlier of
(i) six (6) months after the effective date of the Initial Offering or (ii) five (5) years from the date of this Agreement, a written request from the Holders of a majority
of the Registrable Securities (the "Initiating Holders") that the Company file a registration statement under the Act covering the registration
of the Registrable Securities with an anticipated aggregate offering price of at least $15,000,000 (prior to any reduction in the number of Registrable Securities to be covered by such registration
statement pursuant to Section 1.2(b)), then the Company shall, within twenty (20) days of the receipt thereof, give written notice of such
request to all Holders, and subject to the limitations of this Section 1.2, use its best efforts to effect, within 90 days after the
original written request or as soon as practicable thereafter, the registration under the Act of all Registrable Securities that the Holders request to be registered in a written request received by
the Company within twenty (20) days of the mailing of the Company's notice pursuant to this Section 1.2(a). 

        (b)   If
the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a
part of their request made pursuant to this Section 1.2 and the Company shall include such information in the written notice referred to in  Section 1.2
(a). In such event the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such
Holder's participation in such underwriting and the inclusion of such Holder's Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating
Holders and such Holder) to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with
the underwriter or underwriters selected for such underwriting by the Company (which underwriter or underwriters shall be reasonably acceptable to a majority in interest of the Initiating Holders).
Notwithstanding any other provision of this Section 1.2, if the underwriter advises the Company that marketing factors require a limitation of
the number of securities underwritten (including Registrable Securities), then the Company shall so advise all Holders of Registrable Securities that would otherwise be underwritten pursuant hereto,
and the number of shares that may be included in the underwriting shall be allocated to the Holders of such Registrable Securities on a pro rata basis based on the number of Registrable Securities
held by all such Holders (including the Initiating Holders). Any Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn from the registration. 

        (c)   The
Company shall not be required to effect a registration pursuant to this Section 1.2: 

        (i)    in
any particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration, unless the
Company is already subject to service in such jurisdiction and except as may be required under the Act; or 

        (ii)   after
the Company has effected two (2) registrations pursuant to this Section 1.2, and such registrations
have been declared or ordered effective; or 

        (iii)  during
the period starting with the date sixty (60) days prior to the Company's good faith estimate of the date of the filing of, and ending on a date ninety
(90) days following the effective date of, a Company-initiated registration subject to Section 1.3 below, provided that the Company is
actively employing in good faith all reasonable efforts to cause such registration statement to become effective; or 

2

 

        (iv)  if
the Initiating Holders propose to dispose of Registrable Securities that may be registered on Form S-3 pursuant to  Section 1.4 hereof; or 

        (v)   if
the Company shall furnish to Holders requesting a registration statement pursuant to this Section 1.2, a
certificate signed by the Company's Chief Executive Officer or Chairman of the Board stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental
to the Company and its stockholders for such registration statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than
ninety (90) days after receipt of the request of the Initiating Holders, provided that such right to delay a request shall be exercised by the Company not more than once in any
six-month period. 

        1.3   Company Registration. 

        (a)   If
(but without any obligation to do so) the Company proposes to register (including for this purpose a registration effected by the Company for stockholders other than
the Holders) any of its stock or other securities under the Act in connection with the public offering of such securities (other than a registration relating solely to the sale of securities to
participants in a Company stock plan, a registration relating to a corporate reorganization or other transaction under Rule 145 of the Act, a registration on any form that does not include
substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only Common Stock
being registered is Common Stock issuable upon conversion of debt securities that are also being registered), the Company shall, at such time, promptly give each Holder written notice of such
registration. Upon the written request of each Holder given
within twenty (20) days after mailing of such notice by the Company in accordance with Section 3.5, the Company shall, subject to the
provisions of Section 1.3(c), use all reasonable efforts to cause to be registered under the Act all of the Registrable Securities that each such
Holder has requested to be registered. 

        (b)   Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by
it under this Section 1.3 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such
registration. The expenses of such withdrawn registration shall be borne by the Company in accordance with Section 1.7 hereof. 

        (c)   Underwriting Requirements. In connection with any offering involving an underwriting of shares of the Company's capital
stock, the Company shall not be required under this Section 1.3 to include any of the Holders' securities in such underwriting unless they accept
the terms of the underwriting as agreed upon between the Company and the underwriters selected by it (or by other persons entitled to select the underwriters) and, if requested, enter into an
underwriting agreement in customary form with an underwriter or underwriters selected by the Company, and then only in such quantity as the underwriters determine in their sole discretion will not
jeopardize the success of the offering by the Company. If the total amount of securities requested by Holders to be included in such offering exceeds the amount of securities sold other than by the
Company that the underwriters determine in their sole discretion is compatible with the success of the offering, then the Company shall be required to include in the offering only that number of such
securities that the underwriters reasonably determine will not jeopardize the success of the offering. 

        1.4   Form S-3 Registration. In case the Company shall receive from the Holders of twenty-five
percent (25%) or more of the Registrable Securities then outstanding a written request or requests that the Company effect a registration on Form S-3 and any related qualification
or compliance 

3

 

with
respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company shall: 

        (a)   promptly
give written notice of the proposed registration, and any related qualification or compliance, to all other Holders; and 

        (b)   use
all reasonable efforts to effect, as soon as practicable, such registration and all such qualifications and compliances as may be so requested and as would permit or
facilitate the sale and distribution of all or such portion of such Holders' Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of
any other Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such
written notice from the Company, provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this  Section 1.4: 

        (i)    if
Form S-3 is not available for such offering by the Holders; 

        (ii)   if
the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell on
Form S-3 Registrable Securities and such other securities (if any) at an aggregate price to the public (net of any underwriters' discounts or commissions) of less than $1,000,000; 

        (iii)  if
the Company shall furnish to the Holders a certificate signed by the Chief Executive Officer or Chairman of the Board of the Company stating that in the good faith
judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its stockholders for such Form S-3 registration to be effected at such time,
in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than ninety (90) days after receipt of the
request of the Holder or Holders under this Section 1.4; provided, however, that the Company shall not utilize this right more than once in any
twelve month period; 

        (iv)  if
the Company has, within the six (6) month period preceding the date of such request, already effected one registration on Form S-3 for the
Holders pursuant to this Section 1.4; 

        (v)   after
the Company has effected two (2) registrations on Form S-3 pursuant to this  Section 1.4 in a twelve (12) month period and such registrations have been declared or ordered effective;
or 

        (vi)  in
any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such
registration, qualification or compliance. 

        (c)   Subject
to the foregoing, the Company shall file a registration statement covering the Registrable Securities and other securities so requested to be registered
as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to this Section 1.4 shall not be
counted as requests for registration effected pursuant to Section 1.2. 

        1.5   Obligations of the Company. Whenever required under this Section 1
to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 

        (a)   prepare
and file with the SEC a registration statement with respect to such Registrable Securities and use all reasonable efforts to cause such registration statement to
become effective, and, upon the request of the Holders of a majority of the Registrable 

4

 

Securities
registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the
Registration Statement has been completed; 

        (b)   prepare
and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as
may be necessary to comply with the provisions of the Act with respect to the disposition of all securities covered by such registration statement; 

        (c)   furnish
to the Holders such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Act, and such other
documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them; 

        (d)   make
available for inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to such registration statement, and any
attorney or accountant or other agent retained by any such underwriter or the selling Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause
the Company's officers, directors, employees, and independent accountants to supply all information reasonably requested by any such selling Holder, underwriter, attorney, accountant, or agent, in
each case, as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; 

        (e)   use
all reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of such
jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to
file a general consent to service of process in any such states or jurisdictions; 

        (f)    in
the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing
underwriter of such offering; 

        (g)   notify
each Holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the
Act or the happening of any event
as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated
therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; 

        (h)   cause
all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the Company are then
listed; and 

        (i)    provide
a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case
not later than the effective date of such registration. 

        1.6   Information from Holder. It shall be a condition precedent to the obligations of the Company to take any action pursuant
to this Section 1 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information
regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be required to effect the registration of such Holder's Registrable
Securities. 

5

 

        1.7   Expenses of Registration. All expenses other than underwriting discounts and commissions incurred in connection with all
registrations, filings or qualifications pursuant to Sections 1.2, 1.3 and  1.4, including (without
limitation) all registration, filing and qualification fees, printers' and accounting fees, reasonable fees and expenses of one
counsel for the Holders, and fees and disbursements of counsel for the Company shall be borne by the Company. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses
of any registration proceeding begun pursuant to Section 1.2 or Section 1.4 if the
registration request is subsequently withdrawn at the request of the holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such
expenses pro rata based upon the number of Registrable Securities that were to be requested in the withdrawn registration); provided that the Company shall be required to bear such expenses if the
registration request is withdrawn at the request of the holders of a majority of the Registrable Securities to be registered at any time subsequent to the time such Holders learn of an event or
circumstance that materially and adversely affects the Company's financial condition, business or prospects which was not known at the time of request. Underwriting discounts and commissions shall be
borne pro rata among the selling Holders in proportion to the number of Registrable Securities included in such offering by each selling Holder. 

        1.8   Delay of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying
any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1. 

        1.9   Indemnification. In the event any Registrable Securities are included in a registration statement under this  Section 1: 

        (a)   To
the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners or officers, directors and stockholders of each Holder, legal
counsel and accountants for each Holder, any underwriter (as defined in the Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Act or the
1934 Act, against any losses, claims, damages or liabilities (joint or several) to which they may become subject under the Act, the 1934 Act or any state securities laws, insofar as such losses,
claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a
"Violation"): (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be
stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Act, the 1934 Act, any state securities laws or any
rule or regulation promulgated under the Act, the 1934 Act or any state securities laws; and the Company will reimburse each such Holder, underwriter or controlling person for any legal or other
expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this  Section l.9(a)
 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the
extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by
any such Holder, underwriter or controlling person; provided further, however, that the foregoing indemnity agreement with respect to any preliminary prospectus shall not inure to the benefit of any
Holder or underwriter, or any person controlling such Holder or underwriter, from whom the person 

6

 

asserting
any such losses, claims, damages or liabilities purchased shares in the offering, if a copy of the prospectus (as then amended or supplemented if the Company shall have furnished any
amendments or supplements thereto) was not sent or given by or on behalf of such Holder or underwriter to such person, if required by law so to have been delivered, at or prior to the written
confirmation of the sale of the shares to such person, and if the prospectus (as so amended or supplemented) would have cured the defect giving rise to such loss, claim, damage or liability. 

        (b)   To
the extent permitted by law, each selling Holder will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the
registration statement, each person, if any, who controls the Company within the meaning of the Act, legal counsel and accountants for the Company, any underwriter, any other Holder selling securities
in such registration statement and any controlling person of any such underwriter or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing
persons may become subject, under the Act, the 1934 Act or any state securities laws, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based
upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information
furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any person intended to be indemnified pursuant to this  Section l.9(b), for any
legal or other expenses reasonably incurred by such person in connection with investigating or defending any such loss,
claim, damage, liability or action; provided, however, that the indemnity agreement contained in this Section l.9(b) shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld), provided
that in no event shall any indemnity under this Section l.9(b) exceed the net proceeds from the offering received by such Holder. 

        (c)   Promptly
after receipt by an indemnified party under this Section 1.9 of notice of the commencement of any action
(including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this  Section 1.9, deliver to the indemnifying
party a written notice of the commencement thereof and the indemnifying party shall have the right to
participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to
the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one
separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate
due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the
indemnified party under this Section 1.9, but the omission so to deliver written notice to the indemnifying party will not relieve it of any
liability that it may have to any indemnified party otherwise than under this Section 1.9. 

        (d)   If
the indemnification provided for in this Section 1.9 is held by a court of competent jurisdiction to be
unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party
hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such 

7

 

proportion
as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that
resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be
determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties' relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 

        (e)   Notwithstanding
the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection
with the underwritten public
offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

        (f)    The
obligations of the Company, Holders under this Section 1.9 shall survive the completion of any offering of
Registrable Securities in a registration statement under this Section 1, and otherwise. 

        1.10 Reports Under Securities Exchange Act of 1934. With a view to making available to the Holders the benefits of
Rule 144 promulgated under the Act and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or
pursuant to a registration on Form S-3, the Company agrees to: 

        (a)   make
and keep public information available, as those terms are understood and defined in SEC Rule 144, at all times after ninety (90) days after the
effective date of the Initial Offering; 

        (b)   file
with the SEC in a timely manner all reports and other documents required of the Company under the Act and the 1934 Act; and 

        (c)   furnish
to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) a written statement by the Company that it has complied
with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company), the Act and the
1934 Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any
time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other
information as may be reasonably requested in availing any Holder of any rule or regulation of the SEC that permits the selling of any such securities without registration or pursuant to such form. 

        1.11 Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to this  Section 1 may be assigned (but only with all
related obligations) by a Holder to a transferee or assignee of such securities that (i) is
an Affiliate, parent, subsidiary, partner, limited partner, retired partner, member, retired member or stockholder of a Holder, (ii) is a Holder's family member or trust for the benefit of an
individual Holder or such Holder's immediate family, or (iii) after such assignment or transfer, holds at least 3,000,000 shares of Registrable Securities held by the transferor immediately
prior to the transfer (subject to appropriate adjustment for stock splits, stock dividends, combinations and other recapitalizations), provided: (a) the Company is, within a reasonable time
after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned;
(b) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement, including without 

8

 

limitation
the provisions of Section 1.13 below; and (c) such assignment shall be effective only if immediately following such transfer
the further disposition of such securities by the transferee or assignee is restricted under the Act. 

        1.12 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without
the prior written consent of the Holders of at least a majority of the Registrable Securities, enter into any agreement with any holder or prospective holder of any securities of the Company that
would allow such holder or prospective holder to include such securities in any registration filed under Section 1.3 hereof, unless under the
terms of such agreement, such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the amount of
the Registrable Securities of the Holders that are included. 

        1.13 "Market Stand-Off" Agreement. Each Holder hereby agrees that it will not, without the prior written consent
of the managing underwriter, during the period commencing on the date of the final prospectus relating to the Company's initial public offering and ending on the date specified by the Company and the
managing underwriter (such period not to exceed one hundred eighty (l80) days) (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or
contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or
exercisable or exchangeable for Common Stock (whether such shares or any such securities are then owned by the Holder or are thereafter acquired), or (ii) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Common Stock, whether any such transaction described in clause (i) or
(ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise. The foregoing provisions of this  Section 1.13 shall be applicable only if all officers,
directors and stockholders individually owning more than five percent (5%) of the Common
Stock of the Company then outstanding (assuming full conversion of all convertible securities) are subject to restrictions and shall not apply to (A) a sale of any shares or securities to an
underwriter pursuant to an underwriting agreement or (B) transfers to a subsidiary, parent or an Affiliate of such Holder. Notwithstanding the foregoing, if the Company and/or the underwriters
release any Holder, officer, director or other stockholder from the foregoing restrictions, in whole or in part by release, waiver, consent or otherwise, such release shall apply pro rata to each
other Holder. The underwriters in connection with the Company's initial public offering
are intended third party beneficiaries of this Section 1.13 and shall have the right, power and authority to enforce the provisions hereof as
though they were a party hereto. 

        In
order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to the Registrable Securities of each Holder (and the shares or
securities of every other person subject to the foregoing restriction) until the end of such period. 

        1.14 Termination of Registration Rights. No Holder shall be entitled to exercise any right provided for in this  Section 1 after five (5) years following the
consummation of the Initial Offering or, as to any Holder, such earlier time at which all
Registrable Securities held by such Holder (and any affiliate of the Holder with whom such Holder must aggregate its sales under Rule 144) can be sold in any three (3)-month period without
registration in compliance with Rule 144 of the Act. 

9

 

        2.     Covenants of the Company. 

        2.1   Delivery of Financial Statements. The Company shall deliver to each Investor holding at least 1,500,000 shares of
Preferred Stock (or shares of common stock issuable upon conversion thereof) of the Company (each a "Major Investor"): 

        (a)   as
soon as practicable, but in any event within one hundred and twenty (120) days after the end of each fiscal year of the Company, an income statement for such
fiscal year, a balance sheet of the Company and statement of stockholder's equity as of the end of such year, and a statement of cash flows for such year, such year-end financial reports
to be in reasonable detail, prepared in accordance with generally accepted accounting principles ("GAAP"), and audited and certified by independent
public accountants of nationally recognized standing selected by the Company; 

        (b)   as
soon as practicable, but in any event within thirty (30) days after the end of each quarter of each fiscal year of the Company, an unaudited income statement,
statement of cash flows for such fiscal quarter and an unaudited balance sheet as of the end of such fiscal quarter. 

        (c)   within
thirty (30) days of the end of each month, an unaudited income statement and statement of cash flows and balance sheet for and as of the end of such month,
in reasonable detail; 

        (d)   with
respect to the financial statements called for in subsections (b) and  (c) of this Section 2.1, an
instrument executed by the Chief Financial Officer or President of
the Company certifying that such financials were prepared in accordance with GAAP consistently applied with prior practice for earlier periods (with the exception of footnotes that may be required by
GAAP) and fairly present the financial condition of the Company and its results of operation for the period specified, subject to ordinary course year-end audit adjustment; and 

        (e)   such
other information relating to the financial condition, business, prospects or corporate affairs of the Company as the Investor or any assignee of the Investor may
from time to time request, provided, however, that the Company shall not be obligated under this subsection (e) or any other subsection of  Section 2.1
to provide information that it deems in good faith to be a trade secret or similar confidential information. 

        2.2   Delivery of Financial Plan. The Company shall deliver to each Major Investor as soon as practicable, but in any event at
least thirty (30) days prior to the end of each fiscal year, a budget and business plan for the next fiscal year, prepared on a monthly basis, including balance sheets, income statements and
statements of cash flow for such months and, as soon as prepared, any other budgets or revised budgets prepared by the Company. 

        2.3   Inspection. The Company shall permit each Major Investor, at such Investor's expense, to visit and inspect the Company's
properties, to examine its books of account and records and to discuss the Company's affairs, finances and accounts with its officers, all at such reasonable times as may be requested by the Investor;
provided, however, that the Company shall not be obligated pursuant to this Section 2.3 to provide access to any information that it reasonably
considers to be a trade secret or similar confidential information. 

        2.4   Preemptive Right. Subject to the terms and conditions specified in this  Section 2.4, the Company hereby grants to each Investor, a right of first offer with
respect to future sales by the Company of Shares (as
hereinafter defined). For purposes of this Section 2.4, an Investor includes any partner, member or affiliate of an Investor. An Investor shall
be entitled to apportion the right 

10

 

of
first offer hereby granted it among itself and its partners, members and affiliates in such proportions as it deems appropriate. 

        Each
time any of the Company or any wholly-owned direct or indirect subsidiary proposes to sell or transfer to any entity not directly or indirectly wholly-owned by the Company, shares
of, or securities convertible into or exchangeable or exercisable for any shares of, any class of its capital stock or the capital stock of a wholly-owned direct or indirect subsidiary
("Shares"), the Company shall first make an offering of such Shares to each Investor in accordance with the following provisions. 

        (a)   The
Company shall deliver a notice (the "Notice") to the Investors stating (i) its bona fide intention to offer
such Shares, (ii) the number of such Shares to be offered, and (iii) the price and terms upon which it proposes to offer such Shares. 

        (b)   By
written notification received by the Company, within ten (10) calendar days after receipt of the Notice, the Investor may elect to purchase or obtain, at the
price and on the terms specified in the Notice, up to that portion of such Shares that equals the proportion that the number of shares of Common Stock issued and held by such Investor bears to the
total number of shares of Common Stock of the Company then outstanding (assuming full conversion of all convertible securities).    At the expiration of such ten (10) day period,
the Company shall promptly notify each Investor that elects to purchase or acquire all the Shares available to it (each, a "Fully Exercising Investor")
of any other Investor's failure to do likewise. During the ten (10) day period commencing after the Company has given such notice, each Fully Exercising Investor may, by giving notice to the
Company, elect to purchase or acquire, in addition to the portion specified above, up to that portion of the Shares for which Investors were entitled to subscribe but that were not subscribed for by
the Investors that equals the proportion that the number of shares of Common Stock issued and held, or issuable upon conversion of the Preferred Stock then held, by such Investor bears to the total
number of shares of Common Stock issued and held, or issuable upon conversion of the Preferred Stock then held, by all Fully Exercising Investors who wish to purchase such unsubscribed shares. 

        (c)   If
all Shares that the Investors are entitled to obtain pursuant to subsection 2.4(b) are not elected to be obtained as
provided in subsection 2.5(b) hereof, the Company may, during the ninety (90) day period following the expiration of the period provided in  subsection 2.4(b) hereof, offer the remaining unsubscribed portion of such Shares to any person or persons at a price not less than, and upon terms no
more favorable to the offeree than those specified in the Notice. If the Company does not enter into an agreement for the sale of the Shares within such period and on such terms, or if such agreement
is not consummated within ninety (90) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such Shares shall not be offered unless first reoffered to
the Investors in accordance herewith. 

        (d)   The
right of first offer in this Section 2.5 shall not be applicable to (i) the issuance or sale of shares
of Common Stock (or options therefor) to employees, directors and consultants, directly or pursuant to a stock option plan or other incentive stock plan approved by the Board of Directors, for the
primary purpose of soliciting or retaining services, (ii) the issuance of securities pursuant to a bona fide, firm commitment underwritten public offering of shares of Common Stock, registered
under the Act, (iii) the issuance of securities approved by the Board of Directors in connection with a bona fide business acquisition of or by the Company, whether by merger, consolidation,
sale of assets, sale or exchange of stock or otherwise, (iv) the issuance of stock, warrants or other securities, or rights convertible into Common Stock, issued in connection with sponsored
research, collaboration, technology license, 

11

 

development,
OEM, marketing, or other similar agreements or strategic partnerships, provided such issuances are for other than primarily equity financing purposes and are approved by the Board of
Directors, or (v) the issuance of stock, warrants or other securities, or rights convertible into Common Stock, to persons or entities in connection with lease financings, bank credit
arrangements or other similar transactions provided such issuances are for other than primarily equity financing purposes and are approved by the Board of Directors. 

        2.5   Special Relationships. The unanimous approval of the Board of Directors shall be required prior to the Company offering
to her or hiring any spouse, father, mother, brother, sister, lineal descendant of spouse or lineal descendant of any other employee of the Company. 

        2.6   Stock Option Grants. The Company covenants and agrees that 562,962 shares of the Common Stock of the Company (the  "Transferred Employee Option Shares") initially
shall be held in the Company's treasury and available for issuance solely to Transferred Employees (as
that term is defined in the Purchase Agreement) under the CCCI Holdings, Inc. 2006 Stock Plan (the "Incentive Plan"). To the extent any option
issued to a Transferred Employee terminates, expires or is cancelled as a result of termination of such employee by the Company without cause (as reasonably determined by the Board) or expires by its
terms due to the passage of time, the Transferred Employee Option Shares subject to such option shall remain Transferred Employee Option Shares available for issuance solely to Transferred Employees.
Any Transferred Employee Option Shares that return to the Company's treasury because a Transferred Employee voluntarily resigns or is terminated for cause (as reasonably determined by the Board) shall
be freely issuable by the Company pursuant to the Incentive Plan to replacement(s) of the Transferred Employee. Upon the earlier of (i) immediately prior to the occurrence of an Extraordinary
Transaction (as defined in the Company's Amended and Restated Certificate of Incorporation as of the date of this Agreement); and (ii) expiration or termination of the Incentive Plan, any
Transferred Employee Option Shares not issued and outstanding shall be issued to Daniel H. Smith for no additional consideration. 

        2.7   Board Composition. For so long as Daniel H. Smith continues to hold at least half of the shares of capital stock
originally issued to him in connection with the transactions contemplated by the Purchase Agreement, each Investor agrees to vote, or cause to be voted, all Shares owned by such Investor, or over
which such Investor has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that at each annual or special meeting of stockholders at which an
election of directors is held or pursuant to any written consent of the stockholders delivered for such purpose, Daniel H. Smith is elected to the Board of Directors to hold position until the earlier
to occur of (i) Mr. Smith's resignation of his directorship and (ii) the termination of this Section 2.7 pursuant to  Section 2.8
below. The rights of Mr. Smith under this Section 2.7 shall not be
assignable or transferable by Mr. Smith and any attempted assignment or transfer shall be null and void. In lieu of a directorship, Mr. Smith may elect to attend to attend all meetings
of the Board of Directors in a non-voting observer capacity, or in the event that Mr. Smith is unable to serve by reason of illness or disability, Mr. Smith may appoint a
observer (reasonably acceptable to a majority of the other directors) to attend all meetings of the Board of Directors in a non-voting capacity and who shall be entitled to receive all
materials distributed to directors generally in their capacities as such; provided, however, that Mr. Smith as an observer or his appointed observer shall agree to hold in confidence and trust
and to act in a fiduciary manner with respect to all information provided or received of the Company; provided, however, that the Company reserves the right to exclude Mr. Smith or his
appointed observer from access to any of materials or meetings or portions thereof if the Company believes that such exclusion is reasonably necessary to preserve the attorney-client privilege;
provided, further, the appointed observer shall be required as a condition precedent to attending any meetings or receiving any materials to enter into a standard confidentiality agreement on terms
mutually and reasonably agreeable to the 

12

 

Company
and such observer; provided, further, the Company reserves the right to exclude the appointed observer from access to any of materials or meetings or portions thereof if the Company believes
that in the judgment of a majority of the directors of the Company, such access would materially impair the due consideration by the Board of Directors of any matter. Each Holder agrees that any
transferee of shares of such Holder shall join this Agreement for purposes of this Section 2.7. 

        2.8   Termination of Certain Covenants. The covenants set forth in this  Section 2 shall terminate as to the Investors and the Company and be of no further force or
effect upon an Extraordinary Transaction (as defined
in the Company's Amended and Restated Certificate of Incorporation, as amended from time to time). 

        3.     Miscellaneous. 

        3.1   Successors and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to
the benefit of and be binding upon the respective successors and assigns of the parties (including transferees of any shares of Registrable Securities). Nothing in this Agreement, express or implied,
is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement and except for persons or entities entitled to benefits of the indemnification provided in  Section 1.9. 

        3.2   Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware as applied to
agreements among Delaware residents entered into and to be performed entirely within Delaware. 

        3.3   Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. 

        3.4   Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be
considered in construing or interpreting this Agreement. 

        3.5   Notices. Unless otherwise provided, any notice required or permitted under this Agreement shall be given in writing and
shall be deemed effectively given upon personal delivery to the party to be notified or upon delivery by confirmed facsimile transmission, nationally recognized overnight courier service, or upon
deposit with the United States Post Office, by registered or certified mail, postage prepaid and addressed to the party to be notified (i) if to the Company, at its principal place of business
or (ii) if to another party, at the address indicated for such party on the Schedule of Investors hereto, or at such other address as such party
may designate in writing to the other parties. 

        3.6   Expenses. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the
prevailing party shall be entitled to reasonable attorneys' fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. 

        3.7   Entire Agreement: Amendments and Waivers. This Agreement (including the Exhibits hereto, if any) and the agreements
contemplated hereby constitute the full and entire understanding and agreement among the parties with regard to the subjects hereof and thereof. Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of (i) the Company
and (ii) the Holders of a majority of the Registrable Securities (the "Majority Holders") provided, however, that (i) the Company will
give each Holder notice of any proposed amendment or waiver and (ii) any amendment or waiver which adversely affects the rights of any particular Holder in manner disproportionate to the 

13

 

Majority
Investors shall require the written agreement of such affected Holder; provided, further, that any amendment or waiver of Section 2.7
shall require the written consent of Daniel H. Smith. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each holder of any Registrable Securities, each future
holder of all such Registrable Securities, and the Company. 

        3.8   Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, such
provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms. 

        3.9   Aggregation of Stock. All shares of Registrable Securities held or acquired by affiliated entities or persons shall be
aggregated together for the purpose of determining the availability of any rights under this Agreement. 

        3.10 Conflicts of Interest. The Company and each Holder expressly acknowledge (i) that Austin Ventures VIII, L.P.,
Austin Ventures IX, L.P., and each ACAS Holder or their respective Affiliates (A) has, is permitted to have or in the future may have, investments or other business relationships with entities
engaged in a business identical or similar to that conducted by the Company and its subsidiaries, (B) has or may develop a strategic relationship with businesses that are and may be competitive
or complementary with the business conducted by the Company and its subsidiaries, (C) will not be prohibited by virtue of its investment in the Company or service on the Board of Directors of
the Company or any of its committees from pursuing and/or engaging in ay such activities, and (D) will not be obligated to inform or present to the Company or the Board of Directors of the
Company of any such business, opportunity, relationship or investment; (ii) that neither the Company, any of its subsidiaries nor such Holder will acquire or be entitled to acquire any interest
or participation in any such other business, opportunity, relationship or investment; and (iii) that the involvement by Austin Ventures VIII, L.P., Austin Ventures IX, L.P., an ACAS Holder or
any of their respective affiliates in any such business, opportunity, relationship or investment will not constitute a conflict of interest by such persons with respect to the Company, its
subsidiaries or any of the Holders. For purposes hereof, "ACAS Holder" means each of American Capital Strategies, Ltd. ("ACAS") and American
Capital Equity I, LLC. 

        3.11 Confidentiality. 

        (a)   Notwithstanding
anything in this Agreement to the contrary, each Holder acknowledges that it may receive certain technical, financial, business and other information
that is non-public, confidential or proprietary about the Company and its Affiliates ("Information") and agrees (i) not to disclose
the Information to any third parties (other than to its financial and legal advisors) and (ii) not to use the Information for any purpose other than a purpose reasonably related to such
Holder's interest as a stockholder or lender. Information shall not include any information which (a) is or becomes generally available to the public other than as a result of a Holder's breach
of its obligations hereunder; (b) was or becomes available to the undersigned on a non-confidential basis from a source other than the Company or its predecessor, (c) was
independently developed by a Holder without the use of information provided by the Company or its predecessor. Each Holder agrees that, in the event of its breach of this Section 3, the Company
may suffer irreparable harm and its remedies shall include the right to seek equitable remedies such as specific performance and injunctive relief, and (d) subject to Section 3.11(b), to
the extent disclosure is required by applicable law, order of a court of competent jurisdiction or the rules of any securities exchange on which the capital stock of an Investors is listed. 

        (b)   In
the event that a Holder is requested or required (by interrogatory, request for information or documents, subpoena, deposition, civil investigative demand or other
process) 

14

 

to
disclose any Information, it is agreed that the Holder will provide the Company with prompt notice, to the extent permissible under applicable law or regulation, of any such request or requirement
so that the Company may seek an appropriate protective order or waive compliance with the provisions of this Agreement. If, failing the entry of a protective order or the receipt of a waiver
hereunder, the Holder is, in the opinion of its counsel, compelled to disclose Information, the Holder may disclose that portion of the Information which its counsel advises Holder that it is
compelled to disclose. In any event, the Holder will not oppose action by the Company to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded
the Information. 

        3.12 Effect on Lender Relationship. The Company and each Holder acknowledge and agree that, notwithstanding anything in this
Agreement to the contrary, nothing contained in this Agreement shall affect, limit or impair the rights and remedies of the ACAS or any of its affiliates (a) in its or their capacity as a
lender or as agent for lenders to the Company or any of its subsidiaries pursuant to any agreement under which the Company or any of its subsidiaries has borrowed money, including, without limitation,
that certain Credit Agreement of even date herewith by and among DeMarseCo Holdings, Inc., the Company, American Capital Financial Services, Inc., as agent, and the lenders listed on
Annex A thereto (as the same may be amended, restated, supplemented or otherwise modified from time to time after the date hereof) or (b) in its or their capacity as a lender or as agent for
lenders to any other person or entity who has borrowed money. Without limiting the generality of the foregoing, ACAS or its Affiliates, in exercising its rights as a lender, including making its
decision on whether to foreclose on any collateral security, will have no duty to consider (x) its or any of its Affiliates' status as a Holder or a stockholder of the Company, (y) the
interests of the Company or its Subsidiaries or (z) any duty it may have to the Company, any of its subsidiaries, any other Holders or stockholders of the Company, except as may be required
under the applicable loan documents or by commercial law applicable to creditors generally. No consent, approval, vote or other action taken or required to be taken by ACAS or any of its Affiliates in
such capacity shall in any way impact, affect or alter any of their respect rights and remedies as a lender or agent for lenders. 

REMAINDER OF PAGE LEFT BLANK INTENTIONALLY.

15

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

	

 	
 	

COMPANY:
	

 	
 	
CCCI HOLDINGS, INC.
	

 	
 	

By:	
 	

/s/  ELISABETH DEMARSE      
 Elisabeth DeMarse

President and Chief Executive Officer
	

 	
 	

INVESTORS:
	

 	
 	
AUSTIN VENTURES VIII, L.P.
	

 	
 	

By:	
 	

AV Partners VIII, L.P., its General Partner
	

 	
 	

By:	
 	

/s/  KENNETH P. DEANGELIS      
 Kenneth P. DeAngelis

General Partner
	

 	
 	
AUSTIN VENTURES IX, L.P.
	

 	
 	

By:	
 	

AV Partners IX, L.P., its General Partner
	

 	
 	

By:	
 	

/s/  KENNETH P. DEANGELIS      
 Kenneth P. DeAngelis

General Partner

SIGNATURE PAGE TO INVESTORS' RIGHTS AGREEMENT  

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

	

 	
 	
AMERICAN CAPITAL STRATEGIES, LTD.
	

 	
 	

By:	
 	

/s/  BOWEN DIEHL      

	

 	
 	

Name:	
 	

Bowen Diehl

	

 	
 	

Title:	
 	

Vice President

	

 	
 	
AMERICAN CAPITAL EQUITY I, LLC
	

 	
 	

By:	
 	

American Capital Equity Management, LLC, Its Manager
	

 	
 	

By:	
 	

/s/  KENNETH L. POLLACK      

	

 	
 	

Name:	
 	

Kenneth L. Pollack

	

 	
 	

Title:	
 	

Vice President

SIGNATURE PAGE TO INVESTORS' RIGHTS AGREEMENT  

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

	

 	
 	
ELISABETH DEMARSE
	

 	
 	

/s/  ELISABETH DEMARSE      
 Elisabeth DeMarse
	

 	
 	
DANIEL H. SMITH
	

 	
 	

/s/  DANIEL H. SMITH      
 Daniel H. Smith
	

 	
 	
PHILIP SIEGEL
	

 	
 	

/s/  PHILIP SIEGEL      
 Philip Siegel
	

 	
 	
JOHN DURRETT
	

 	
 	

/s/  JOHN DURRETT      
 John Durrett
	

 	
 	
DAVID LACK
	

 	
 	

/s/  DAVID LACK      
 David Lack
	

 	
 	
BRETT SHOBE
	

 	
 	

/s/  BRETT SHOBE      
 Brett Shobe

SIGNATURE PAGE TO INVESTORS' RIGHTS AGREEMENT  

  
 

    SCHEDULE A
  
    Schedule of Investors    
    

	Austin Ventures VIII, L.P.

300 West Sixth Street, Suite 2300

Austin, Texas 78701

Attention: Ken DeAngelis

Fax: (512) 476-3952	 	Austin Ventures IX, L.P.

300 West Sixth Street, Suite 2300

Austin, Texas 78701

Attention: Ken DeAngelis

Fax: (512) 476-3952
	

American Capital Strategies, Ltd.

2 Bethesda Metro Center, 14th Floor

Bethesda, MD 20814

Attention: Compliance Officer and Legal Department

Fax: (301) 654-6714	
 	

American Capital Equity I, LLC

c/o American Capital Strategies, Ltd.

2 Bethesda Metro Center, 14th Floor

Bethesda, MD 20814

Attention: Compliance Officer and Legal Department

Fax: (301) 654-6714
	

Daniel H. Smith	
 	

Elisabeth DeMarse

c/o Austin Ventures

300 West Sixth Street

Suite 2300

Austin, Texas 78701

Fax: (512) 476-3952
	

John Durrett

c/o Austin Ventures

300 West Sixth Street

Suite 2300

Austin, Texas 78701

Fax: (512) 476-3952	
 	

Philip Siegel

c/o Austin Ventures

300 West Sixth Street

Suite 2300

Austin, Texas 78701

Fax: (512) 476-3952
	

Brett Shobe

c/o Austin Ventures

300 West Sixth Street

Suite 2300

Austin, Texas 78701

Fax: (512) 476-3952	
 	

David Lack

c/o Austin Ventures

300 West Sixth Street

Suite 2300

Austin, Texas 78701

Fax: (512) 476-3952

AMENDMENT TO CREDITCARDS.COM, INC.

(FORMERLY CCCI HOLDINGS, INC.)

INVESTORS’ RIGHTS AGREEMENT

 

This
Amendment is effective as of August 9, 2007 (the “Amendment”) and amends the
Investors’ Rights Agreement dated as of October 30, 2006 (the “Agreement”) by and
between CreditCards.com, Inc. (formerly CCCI Holdings, Inc) (the “Company”) and
Austin Ventures VIII, L.P., Austin Ventures IX, L.P., American Capital
Strategies, Ltd., American Capital Equity I, LLC, Daniel H. Smith, Elisabeth H.
DeMarse, John Durrett, Philip S. Siegel, Brett Shobe, David Lack and
Christopher J. Speltz (the “Investors”). All terms not defined herein shall
have the meaning ascribed to such term in the Agreement.

 

RECITALS

 

The
Parties entered into the Agreement which provided certain rights to the
Investors.

 

The
Company, the Majority Holders and Daniel H. Smith now wish to amend the
Agreement concurrent with Daniel H. Smith’s resignation from the Board of
Directors (the “Board”) of the Company to provide that if the Company’s Initial
Offering is not completed by December 31, 2007 then upon his request, Daniel H.
Smith will be reappointed to the Board.

 

AMENDMENT

 

NOW, THEREFORE, the parties,
in consideration of the mutual covenants and agreements contained herein and in
the Agreement, hereby agree as follows:

 

A.            Sections 2.7 shall be amended in its entirety
to read as follows:

 

“2.7         Board Composition.

 

(a) At
any time after December 31, 2007 (or, if earlier, after the Company determines
that it will not pursue an initial public offering pursuant to the planned
filing, on or about August 9, 2007, with the Securities and Exchange
Commission, of a Registration Statement on Form S-1), and subject to the
conditions of Section 2.8, for so long as Daniel H. Smith continues to hold at
least half of the shares of capital stock originally issued to him in
connection with the transactions contemplated by the Purchase Agreement, each
Investor agrees to vote, or cause to be voted, all Shares owned by such
Investor, or over which such Investor has voting control, from time to time and
at all times, in whatever manner as shall be necessary to ensure that at each
annual or special meeting of stockholders at which an election of directors is
held or pursuant to any written consent of the stockholders delivered for such
purpose, Daniel H. Smith is elected to the Board of Directors to hold such
position until the termination of this Section 2.7 pursuant to Section
2.8 below. The rights of Mr. Smith under this Section 2.7 shall not
be assignable or transferable by Mr. Smith and any attempted assignment or
transfer shall be null and void. In lieu of a directorship, Mr. Smith may elect
to attend all meetings of the Board of Directors in a non-voting observer
capacity, or in the event that Mr. Smith is unable to serve by reason of  illness or disability, Mr. Smith may appoint
an observer (reasonably acceptable to a 

 

 

majority
of the other directors) to attend all meetings of the Board of Directors in a
non-voting capacity. Mr. Smith or his appointed observer, as applicable, shall
be entitled to receive all materials distributed to directors generally in
their capacities as such; provided, however, that Mr. Smith as an observer or
his appointed observer shall agree to hold in confidence and trust and to act
in a fiduciary manner with respect to all information provided by or received
from the Company; provided, however, that the Company reserves the right to
exclude Mr. Smith as an observer or his appointed observer from access to any
of materials or meetings or portions thereof if the Company believes that such
exclusion is reasonably necessary to preserve the attorney-client privilege;
provided, further, the appointed observer shall be required, as a condition
precedent to attending any meetings or receiving any materials, to enter into a
standard confidentiality agreement on terms mutually and reasonably agreeable
to the Company and such observer; provided, further, the Company reserves the
right to exclude the appointed observer from access to any of materials or meetings
or portions thereof if the Company believes that in the judgment of a majority
of the directors of the Company, such access would materially impair the due
consideration by the Board of Directors of any matter. Each Holder agrees that
any transferee of shares of such Holder shall join this Agreement for purposes
of this Section 2.7.”

 

(b) So
long as the Company has not completed an Initial Offering by December 31, 2007,
(or, if earlier, after the Company determines that it will not pursue an
initial public offering pursuant to the planned filing, on or about August 9,
2007, with the Securities and Exchange Commission, of a Registration Statement
on Form S-1), upon the request of Daniel H. Smith each Investor agrees to vote,
or cause to be voted, all Shares owned by such Investor, or over which such
Investor has voting control, from time to time and at all times, in whatever
manner as shall be necessary to ensure that Daniel H. Smith is elected to the
Board of Directors to hold such position until the termination of this Section
2.7 pursuant to Section 2.8 below.

 

B.            Section 2.6 of the Agreement shall have no
further force and effect as all remaining Transferred Employee Option Shares in
the aggregate amount of 106,593 were issued to Daniel H. Smith on August 8,
2007.

 

C.            Sections 2.8 shall be amended in its entirety
to read as follows:

 

“2.8         Termination of Certain
Covenants.
The covenants set forth in this Section 2 shall terminate as to the
Investors and the Company and be of no further force or effect upon an
Extraordinary Transaction, which means:

 

(a)           an initial public offering of the Company’s securities;

 

(b)           the sale, lease, or other disposition (whether in
one transaction or a series of related transactions) of all or substantially
all of the assets or business of the Company or its material direct and
indirect subsidiaries;

 

(c)           a merger or consolidation of the Company with or
into another entity or any other transaction or series of related transactions
in any such case after which the holders of a majority of the voting capital
stock of the Company immediately prior to such transaction(s) hold less than a
majority of the voting capital stock of the surviving, resulting or
consolidated entity;

 

2

 

(d)           any purchase by any party of shares of capital stock
of the Company or any direct or indirect subsidiary of the Company (either
through a negotiated stock purchase or a tender for such shares), the effect of
which is that such a party that did not beneficially own a majority of the
voting power of the then outstanding shares of capital stock of the Company or
the equity interests of such subsidiary, as applicable, immediately prior to
such purchase beneficially owns at least a majority of such voting power
immediately after such purchase; or

 

(e)           the redemption or repurchase of shares representing
a majority of the then outstanding voting capital stock (determined on an
as-if-converted basis to the extent then convertible) of the Company.”

 

D.            No Further Amendment.
Except as otherwise expressly set forth herein, all of the terms and conditions
of the Agreement remain in full force and effect.

 

Signatures to follow

 

3

 

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

 

	
  COMPANY:

  	
   

  
	
   

  	
   

  
	
   

  	
  CREDITCARDS.COM, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Elisabeth H. DeMarse

  	
   

  
	
   

  	
   

  	
  Elisabeth H. DeMarse

  
	
   

  	
   

  	
  President and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  INVESTORS:

  	
   

  
	
   

  	
   

  
	
   

  	
  AUSTIN VENTURES VIII, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  AV Partners VIII, L.P., its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Kenneth P. DeAngelis

  	
   

  
	
   

  	
   

  	
   

  	
  Kenneth P. DeAngelis

  
	
   

  	
   

  	
   

  	
  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AUSTIN VENTURES IX, L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  AV Partners IX, L.P., its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Kenneth P. DeAngelis

  	
   

  
	
   

  	
   

  	
   

  	
  Kenneth P. DeAngelis

  
	
   

  	
   

  	
   

  	
  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ELISABETH H. DEMARSE

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Elisabeth H. DeMarse

  	
   

  
	
   

  	
  Elisabeth H. DeMarse

  
							

 

SIGNATURE
PAGE TO AMENDMENT TO THE INVESTORS’ RIGHTS AGREEMENT

 

 

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

 

	
   

  	
  JOHN DURRETT

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  John Durrett

  
	
   

  	
   

  
	
   

  	
  PHILIP S. SIEGEL

  
	
   

  	
   

  
	
   

  	
  /s/ Philip S. Siegel

  
	
   

  	
  Philip S. Siegel

  
	
   

  	
   

  
	
   

  	
  DAVID LACK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  David Lack

  
	
   

  	
   

  
	
   

  	
  BRETT SHOBE

  
	
   

  	
   

  
	
   

  	
  /s/ Brett Shobe

  
	
   

  	
  Brett Shobe

  
	
   

  	
   

  
	
   

  	
  DANIEL H. SMITH

  
	
   

  	
   

  
	
   

  	
  /s/ Daniel H. Smith

  
	
   

  	
  Daniel H. Smith

  
	
   

  	
   

  
	
   

  	
  CHRISTOPHER J. SPELTZ

  
	
   

  	
   

  
	
   

  	
  /s/ Christopher J. Speltz

  
	
   

  	
  Christopher J. Speltz

  

 

SIGNATURE
PAGE TO AMENDMENT TO THE INVESTORS’ RIGHTS AGREEMENT

 

 

	
   

  	
  AMERICAN CAPITAL STRATEGIES, LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AMERICAN CAPITAL EQUITY I, LLC,

  
	
   

  	
   

  
	
   

  	
  By:

  	
  American Capital Equity Management, LLC,

  
	
   

  	
   

  	
  Its Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  
							

 

SIGNATURE
PAGE TO AMENDMENT TO THE INVESTORS’ RIGHTS AGREEMENT

 

QuickLinks

CCCI HOLDINGS, INC. INVESTORS' RIGHTS AGREEMENT OCTOBER 30, 2006

TABLE OF CONTENTS

INVESTORS' RIGHTS AGREEMENT

RECITALS

AGREEMENT

SCHEDULE A Schedule of Investors

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]