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Exhibit 10.8    
    

CompuCredit Corporation

245 Perimeter Center Parkway

Suite 600

Atlanta, Georgia 30346  

May 30,
2004 

Krishinakumar
Srinivasan

C/O CompuCredit Corporation

245 Perimeter Center Parkway

Atlanta, Georgia 30346 

Dear
K.K.: 

        This
letter constitutes our offer to you of employment as Executive Vice President and Chief Credit Officer of CompuCredit Corporation. As compensation, CompuCredit offers you the
following three components: 

        (1)    Salary and Benefits.    CompuCredit offers you an annual salary of Four Hundred Thousand Dollars (the
"Salary"), plus benefits comparable to those provided to other CompuCredit officers of comparable level. The Salary shall be payable in substantially equal semi-monthly installments or in
such other installments or at such other intervals as may be the policy of CompuCredit from time to time. The Salary shall be subject to such deductions and withholdings as are required by law or the
policies of CompuCredit in effect from time to time. 

        In
the event that your employment with CompuCredit is terminated prior to July 1, 2007, by (a) CompuCredit other than for "cause," or (b) you for "good reason," you
will continue to be entitled to receive your salary until July 1, 2007. For these purposes, "cause" means the reasonable, good faith determination by CompuCredit that: 

        (a)   (i) you
committed an act constituting fraud, deceit or intentional material misrepresentation with respect to CompuCredit or any client, customer or supplier of
CompuCredit; (ii) you embezzled funds or assets from CompuCredit or any client, customer or supplier of CompuCredit; (iii) you engaged in willful misconduct or gross negligence in the
performance of your duties to CompuCredit; (iv) you failed to comply in a material way with any of your non-competition and confidentiality obligations to CompuCredit; 

        (b)   You
breached or defaulted in the performance of any other material obligation of yours to CompuCredit and have not cured such breach or default to CompuCredit's
reasonable satisfaction within thirty days after receiving notice thereof; or 

        (c)   Your
conduct is materially detrimental to the reputation of CompuCredit and you have not cured (if such conduct is curable in CompuCredit's reasonable opinion) such
conduct to CompuCredit's reasonable satisfaction within ten days after receiving notice thereof. 

        For
these purposes, "good reason" means: 

        (a)   Your
status or role within CompuCredit is demoted in any of the following ways: 

	(i)
	You
no longer maintain the title of Executive Vice President of CompuCredit;

	(ii)
	You
retain the title of Executive Vice President but you are not held out by CompuCredit either internally and/or externally as the principal or chief risk / credit
officer of CompuCredit responsible for the profitability of the credit card business of CompuCredit;

	(iii)
	A
material diminution in the scope and nature of your duties and responsibilities other than as a result of cause; 

 

	(iv)
	You
no longer report directly to either the president or the chief executive officer of CompuCredit; or

	(v)
	There
is a material reduction of your benefits (taken as a whole) relative to the other CompuCredit officers of comparable level; 

        (b)   CompuCredit's
requirement without your consent that you be based anywhere other than the Atlanta, Georgia metropolitan area. CompuCredit shall be deemed to have required
you to be based somewhere other than the Atlanta, Georgia metropolitan area if you are required to spend more than 40% of your time on a regular basis at a business location not within the Atlanta,
Georgia metropolitan area; or 

        (c)   the
failure of a successor of CompuCredit to assume in writing its obligations to you under this offer letter contemporaneously to becoming a successor of CompuCredit. 

        (2)    Bonus.    CompuCredit offers you an annual bonus (the "Bonus") if the sector of CompuCredit under your
leadership meets the annual performance goals to be set by CompuCredit for such sector (the "Performance Goals"). Each annual Bonus shall be paid in restricted stock awarded pursuant to CompuCredit's
2004 Restricted Stock Plan (or a successor plan). Each annual Bonus shall be paid as of January 31st of the year following the year for which the applicable Performance Goals were
met. 

        Each
annual Bonus shall vest as follows: 

        (a)   One-third
of the restricted stock granted to you as an annual Bonus shall vest on the one year anniversary of the date on which such Bonus is paid, provided
that your employment with CompuCredit has not terminated prior to such date. One-third of the restricted stock granted to you as an annual Bonus shall vest on the two year anniversary of
the date on which such Bonus is paid, provided that your employment with CompuCredit has not terminated prior to such date. The remaining one-third of the restricted stock granted to you
as an annual Bonus shall vest on the three-year anniversary of the date on which such Bonus is paid, provided that your employment with CompuCredit has not terminated prior to such date. 

        (b)   In
the event that your employment with CompuCredit is terminated by CompuCredit other than for cause, all of the restricted stock that has been awarded to you as annual
Bonuses shall vest immediately. 

        (c)   Notwithstanding
the foregoing, in the event that annual compensation payments to you (including the Salary and Bonus described in this letter) by CompuCredit will exceed
the limitation found in Section 162(m) of the Internal Revenue Code (the "162(m) Limitation"), CompuCredit shall have the right to accelerate or delay the vesting of some or all of the shares
of restricted stock that have been awarded to you as annual Bonuses. The determination of whether such payments will exceed the 162(m) Limitation shall be made jointly by you and CompuCredit, both
acting reasonably and in consultation with tax experts. Based on such determinations, as made from time to time, CompuCredit shall have the right to accelerate or delay the vesting of such shares of
restricted stock as necessary to avoid exceeding the 162(m) Limitation. It is contemplated that such adjustments may involve deferring the vesting of shares of restricted stock multiple times over
multiple periods. If either you or the annual Bonus are not subject to the 162(m) Limitation, this clause shall not apply. 

        The
number of shares of restricted stock awarded under the Bonus shall be the nearest number of whole shares of CompuCredit's common stock equal to the value of the Bonus, with the value
of the shares of restricted stock based upon the volume weighted trading price of CompuCredit's common stock during the month of January. The value of the Bonus shall be as follows: 

	(i)
	$600,000,
if the Performance Goals are attained; 

2

 

	(ii)
	$800,000,
if the Performance Goals are exceeded by 10%;

	(iii)
	$1,000,000,
if the Performance Goals are exceeded by 15% or more;

	(iv)
	$400,000
if the Performance Goals are not attained by 10% or less; or

	(v)
	$200,000
if the Performance Goals are not attained by 15% or less. 

        No
Bonus shall be paid if the Performance Goals are not attained by more than 15%. In the event that CompuCredit's common stock is not publicly traded at the time you are to receive it,
at our option we may fulfill our obligation to you in cash. 

        (3)    Percentage of Indian Profits.    CompuCredit offers you a participation in Creditinfo Support Service India
Private Limited ("Creditinfo") calculated as follows. As soon as practicable after the commencement of your employment pursuant to the terms of this offer letter, you shall be entitled to purchase 5%
of the then outstanding common shares of Creditinfo for their fair market value. You shall have no further right to receive or purchase common shares or other securities of Creditinfo. The common
shares shall be restricted shares and shall vest in three equal annual installments commencing on July 1, 2005, provided that your employment with CompuCredit has not terminated prior to the
relevant vesting date. Until the common shares vest, they shall be held for your benefit by CompuCredit, although you shall be entitled to vote the common shares and receive dividends with respect
thereto, if any, during such time period. Notwithstanding the foregoing, all of the common shares that have been awarded to you shall vest immediately in the event that your employment with
CompuCredit is terminated by CompuCredit other than for cause. Both before and after the common shares vest, they shall be subject to the limitations set forth below. 

        You
shall not be entitled to transfer the common shares other than (i) with the consent of CompuCredit, (ii) pursuant to a will or the laws of descent and distribution
provided that the recipients thereof as a prerequisite to receiving the shares agree to be bound by the terms hereof, or (iii) in a public market transaction in the event that the common shares
become publicly traded. In the event that CompuCredit sells any of its common shares, it shall be entitled to require you to sell all or a portion of your common shares the same proportion, on
proportionate terms. In the event that CompuCredit sells 50% or more of its common shares in a single transaction or series of related transactions, it shall use all reasonable efforts to provide you
with the opportunity to sell the same proportion of your common shares on proportionate terms. At CompuCredit's request, you shall execute any reasonable shareholders', underwriting,
lock-up or similar agreement in connection with any sale, financing or other transaction where such agreement is customary. 

        In
the event that your employment with CompuCredit is terminated by (a) CompuCredit for cause, or (b) you other than for good reason, CompuCredit thereafter shall have the
right, but not the obligation,
to repurchase your common shares at a price equal to the fair market value thereof. For these purposes, the fair market value shall equal the amount agreed to by you and CompuCredit or, in the event
that no agreement can be reached, the appraised value of the common shares in the hands of a buyer located in the United States as determined by an independent appraiser selected by CompuCredit. 

        You
have agreed with us that should we determine that it is more advantageous from a tax or accounting perspective to modify the structure of our offer, you have agreed to modify the
structure as we may deem appropriate so long as the modifications do not materially and adversely impact the economic benefits to you of our offer. 

3

 

        Any
dispute as to accounting or other issues under the terms of this offer letter shall be resolved by an independent accounting firm selected by our audit committee. 

	 	 	Sincerely yours,
	

 	
 	

COMPUCREDIT CORPORATION
	

 	
 	

By:	
 	

    

	 	 	Title:	 	 
	 	 	 	 	

4

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Exhibit 10.8QuickLinks
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Exhibit 10.8(a)    
    

      

      

STOCK WARRANT AGREEMENT  

CCRT International Holdings B.V.  

Krishnakumar Srinivasan  

      

      

Donahue &
Partners

5 Times Square

New York, NY 10023

Tel. +1 (212) 773 3355

Fax. +1 (212) 773 8814 

TABLE OF CONTENTS  

	SECTION 1	 	CONVEYANCE STOCK WARRANT	 	1
	

SECTION 2	
 	

VESTING DATE	
 	

1
	

SECTION 3	
 	

EXERCISE	
 	

2
	

SECTION 4	
 	

CONSIDERATION	
 	

2
	

SECTION 5	
 	

TERMS	
 	

2
	

SECTION 6	
 	

TERM	
 	

3
	

SECTION 7	
 	

GENERAL COMPLIANCE	
 	

3
	

SECTION 8	
 	

FORCE MAJEURE	
 	

3
	

SECTION 9	
 	

NOTICES	
 	

3
	

SECTION 10	
 	

REPRESENTATIONS AND WARRANTIES	
 	

4
	

SECTION 11	
 	

MISCELLANEOUS	
 	

4
	

SECTION 12	
 	

APPLICABLE LAW—DISPUTE SETTLEMENT	
 	

4

       

       

	Exhibit I	 	Applied Economics determination documenting the Warrant Sale Price
	

Exhibit II	
 	

Applied Economics determination documenting the Exercise Price
	

Exhibit III	
 	

Additional Defined Terms

   STOCK WARRANT AGREEMENT  

THIS AGREEMENT IS ENTERED INTO ON THE                        DAY OF OCTOBER, TWO THOUSAND AND FOUR, TO BE
EFFECTIVE AS OF THE FIRST DAY OF JULY, TWO THOUSAND AND FOUR (THE "EFFECTIVE
DATE")

BETWEEN:  

	1.
	CCRT International Holdings B.V., a company with limited liability organised under the laws of the Netherlands, having its statutory
seat at Amsterdam, the Netherlands and its registered office at Strawinskylaan 3105, 7e etage, 1077 ZX Amsterdam, the Netherlands, hereinafter referred to as the
"Company";

	

	and

	2.
	Krishnakumar Srinivasan, a citizen of the United States of America residing at
                                        ,
hereinafter
referred to as the "Holder";

	

	Company
and Holder being collectively referred to hereinafter as the "Parties"; 

WHEREAS:  

	•
	Company
is a company belonging to the CompuCredit Group of companies, ultimately held by CompuCredit Corporation of Atlanta, GA;

	•
	Company
holds 99.99% of the issued and outstanding shares in the share capital of Creditinfo Support Services India Private Limited, a limited liability company organised
under the laws of India, having its registered office at 8/1 Sundaram Salai, RA Puram, Chennai 600 028, India, hereinafter referred to as the
"Subsidiary", consisting of nine thousand nine hundred ninety nine (9,999) of ten thousand issued and outstanding shares, numbered one (1) up to
and including nine hundred ninety nine (9,999) collectively referred to as Share Certificate #1, according to its Articles of Association having a nominal value of ten India Rupees (INR 10) per
share;

	•
	Company
has decided it is in the best interest of the Company and the CompuCredit Group to issue a Stock Warrant (as hereinafter defined) to Holder and Holder wishes to
accept the warrant as of the Effective Date;

	•
	The
Company and Holder wish to lay down their verbal agreement in writing; 

NOW, THEREFORE, PARTIES AGREE AS FOLLOWS:  

Section 1    Conveyance Stock Warrant  

	a)
	The
Company hereby sells to the Holder a warrant (the "Stock Warrant") for a sale price as determined by Applied Economics (attached
hereto as Exhibit I, the "Warrant Sale Price") to purchase a total of six point five (6.5)
percent of issued and outstanding shares in the share capital of Subsidiary as per the Effective Date (the "Shares"), for an exercise price as
determined by Applied Economics (attached hereto as Exhibit II, the "Exercise Price").

	b)
	No
rights or privileges of a stockholder in the Subsidiary are conferred by reason of the granting of the Stock Warrant. Holder will not become a stockholder in the Subsidiary with
respect to the Shares unless and until the Stock Warrant has been properly exercised and the Exercise Price fully paid. 

1

 

Section 2    Vesting Date  

        Provided that Holder's employment with the CompuCredit Group has not terminated prior to the relevant Vesting Date, on July 1, 2005, July 1, 2006
and July 1, 2007, respectively (the"Vesting Dates"), Holder shall have the right to purchase the Shares in thirds, in increments of two point two
(2.2) percent, two point two (2.2) percent and two point one (2.1) percent of the issued and outstanding shares in the share capital of the Subsidiary, respectively (individually
referred to as the "Existing Share Allotment"), at the Exercise Price. 

Section 3    Exercise  

        Prior to the termination of this Agreement for any reason, Holder may exercise any vested portion of the Stock Warrant by providing written notice to Company
within thirty (30) calendar days prior to the proposed date of such exercise as provided herein (the "Exercise Date"). The Company shall promptly
cooperate with the sale and transfer of the Existing Share Allotment, including but not limited to filing prior notifications or requesting approval of any regulatory agency, as required, in
connection with the purchase of the Existing Share Allotment. 

Section 4    Consideration  

	a)
	Holder
shall pay the Warrant Sale Price within one (1) month of the execution date hereof to the bank account of Company, account number
             with ABN AMRO Bank, Amsterdam, the Netherlands (the "Bank Account"), in the United States dollar equivalent
at the date of payment.

	b)
	In
the event Holder exercises the Stock Warrant for an Existing Share Allotment as set forth in Section 3, Holder shall pay the
Exercise Price within one (1) month of the applicable Exercise Date, to the bank account of Company, account number              with ABN AMRO Bank, Amsterdam,
the Netherlands, in the United States dollar equivalent at the date of payment. The Company shall not be required to transfer Shares to Holder until receipt by the Company of the Exercise Price is
confirmed. 

Section 5    Terms  

        The Holder understands that, without limitation, the following terms apply to the Stock Warrant; 

	a)
	Holder
shall not be entitled to transfer, lien, pledge, or otherwise encumber the Stock Warrant or Existing Share Allotments other than:

	(i)
	with
the prior written consent of the Company;

	(ii)
	pursuant
to the last will and testament or the laws of descent and distribution provided that the recipients thereof as
a prerequisite to receiving the Stock Warrant or Existing Share Allotments agree to be bound by the terms hereof, or

	(iii)
	in
a public market transaction in the event that the common shares become publicly traded;

	(iv)
	As,
and if, applicable any such permitted transfer shall be made in accordance with the registration requirements of the United States Securitization Act of 1933, as
amended, or an exemption therefrom

	b)
	In
the event that the Company sells any of its issued and outstanding shares in the share capital of Subsidiary, at the option of the Company, Holder shall be required to sell all or a
portion of the Existing Share Allotments in the same proportion, on proportionate terms.

	c)
	In
the event the Company sells fifty (50) percent more of its issued and outstanding shares in the share capital of Subsidiary in a single transaction or series of related
transactions, the Company 

2

 

shall
use all reasonable efforts to assist Holder to sell the same proportion of the Existing Share Allotments on proportionate terms. 

	d)
	At
the Company's request, Holder shall execute any reasonable shareholders', underwriting, lock-up or similar agreement in connection with any sale, financing or other
transaction where such agreement is customary.

	e)
	In
the event Holder's employment with the CompuCredit Group is terminated by the CompuCredit Group other than for cause, any and all Existing Share Allotments shall vest immediately.

	f)
	In
the event Holder's employment with the CompuCredit Group is terminated by the CompuCredit Group for cause, or terminated by the Holder, other than for good reason (as the terms
"cause" and "good reason" are defined in Exhibit III attached hereto), the Company shall have the right, but not the obligation, to repurchase any Existing Share Allotments at a price equal to
the fair market value thereof. The fair market value being the amount agreed to by Holder and the Company or, in the event that no agreement can be reached, the appraised value of the Existing Share
Allotments in the hands of a buyer located in the continental United States of America as determined by an independent appraiser selected by the Company.

	g)
	In
the event the Company or the CompuCredit Group determines that it is more advantageous from a tax or accounting perspective to modify the Agreement, Holder shall accept any and all
modifications, as long as the modifications do not materially and adversely impact the economic benefits of this Agreement. 

Section 6    Term  

        This Stock Warrant will expire, unless previously exercised in full, on July 1, 2008, which date is on or prior to the fourth anniversary of the Effective
Date. 

Section 7    General Compliance  

        Each Party shall at all times: 

	a)
	strictly
comply with all applicable laws, rules, regulations and governmental orders, now or hereafter in effect, relating to its performance of this Agreement; and

	b)
	pay
all fees and other charges required by such laws, rules, regulations and orders. 

Section 8    Force Majeure  

        Neither Party shall be liable to the other for its failure to perform any of its obligations hereunder during any period in which such performance is delayed by
circumstances beyond its reasonable control including, but not limited to, fire, flood, war, embargo, strike, riot, inability to secure materials and transportation facilities, or the intervention of
any governmental authority, in each case not otherwise invoking a breach of this Agreement. If such delay continues for more than sixty (60) days, the Party damaged by the inability of the
other Party to perform shall have the right to terminate this Agreement with immediate effect upon written notice. 

Section 9    Notices  

        All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered or certified mail, postage prepaid, or
otherwise delivered by hand, messenger or by telecommunication to the address of the applicable Party specified in the introductory paragraph above, or to such other address or addresses as either
Party may, from time to time, designate as to itself in a written notice. 

3

 

Section 10    Representations and Warranties  

        Company represents and warrants to Holder that: 

	a)
	Company
has the full and unencumbered title to the Shares;

	b)
	no
other party than Holder has any right to claim the issuance or transfer of shares in the share capital of Subsidiary;

	c)
	the
Shares have not been seized; and

	d)
	Company
has not assumed any obligation towards third parties with respect to the assignment of the Shares and/or the encumbrance of the Shares by any security interest or beneficial
rights. 

Section 11    Miscellaneous  

	a)
	Parties
shall each bear their own costs related to the execution of this Agreement, the Stock Warrant and the exercise thereof, including, without limitation, tax liabilities, lawyers'
fees and expenses.

	b)
	The
failure of either Party to enforce the provisions of this Agreement at any time, or the failure to require at any time performance by the other Party of any of the provisions of  this Agreement, shall in
no way be construed to be a present or future waiver of such provisions, nor in any way affect the validity of either Party to
enforce each and every such provision.

	c)
	This
Agreement may be executed in two (2) or more counterparts, all of which, taken together, shall be as effective as if all signatures on the counterparts were on a single
copy of this Agreement.

	d)
	This
Agreement may be amended at any time by written agreement between the Parties.

	e)
	This
Agreement and the Exhibits attached hereto contain the entire agreement and understanding between the Parties hereto with respect to the subject matter hereof.

	f)
	If
any provision of this Agreement is or becomes unenforceable or invalid at any time and under any legislation, statute, precedent, rule or regulation, in any jurisdiction in which
the Parties or the Subsidiary are located or in which this Agreement is being performed, the remainder of this Agreement shall be valid and enforceable. Parties shall negotiate in good faith in order
to come to a mutual agreement on a substitute, valid and enforceable provision that most nearly effects the Parties' intent in entering into this Agreement. 

Section 12    Applicable law—Dispute Settlement  

	a)
	This
Agreement shall be governed by and construed in accordance with the laws of the Netherlands, except for and to the extent mandatory provisions of Indian law apply.

	b)
	Any
dispute arising under out of, or relating to this Agreement and any subsequent amendments of this Agreement, including, without limitation, its formation, validity, binding effect,
interpretation, performance, breach or termination, as well as non-contractual claims, shall, if possible, be finally settled amicably by negotiation between Company and Holder. If such
dispute cannot be amicably settled it shall be finally settled by arbitration in accordance with the then prevailing Rules of Conciliation and Arbitration of the International Chamber of Commerce by
one or more arbitrators designated in accordance with said rules. The place of arbitration shall be in Amsterdam, the Netherlands. The language to be used in the arbitration proceedings shall be
English. 

4

 

THUS SIGNED AND EXECUTED IN TRIPLICATE:  

	CCRT International Holdings B.V.	 	Krishnakumar Srinivasan:
	

	
 	

	Name:	 	 	 	Name	 	 
	 	 	
	 	 	 	

	Title:	 	Managing Director A	 	Title:	 	 
	 	 	 	 	 	 	

	Date:	 	 	 	Date:	 	 
	 	 	
	 	 	 	

	Place:	 	 	 	Place:	 	 
	 	 	
	 	 	 	

	

    	
 	

 	
 	

 	
 	

 
	

	
 	

 	
 	

 
	Name:	 	 	 	 	 	 
	 	 	
	 	 	 	 
	Title:	 	Managing Director B	 	 	 	 
	

Date:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	Place:	 	 	 	 	 	 
	 	 	
	 	 	 	 

Additional signature page follows  

5

 

SIGNED FOR ACKNOWLEDGEMENT, CONFIRMATION & APPROVAL BY THE BOARD OF DIRECTORS OF SUBSIDIARY:

Creditinfo
Support Services India Private Limited 

	
	 	

	Name:	 	 	 	Name	 	 
	 	 	
	 	 	 	

	Title:	 	 	 	Title:	 	 
	 	 	
	 	 	 	

	Date:	 	 	 	Date:	 	 
	 	 	
	 	 	 	

	Place:	 	 	 	Place:	 	 
	 	 	
	 	 	 	

SIGNED FOR ACKNOWLEDGEMENT & CONFIRMATION BY THE MINORITY SHAREHOLDER (HOLDER OF SHARE CERTIFICATE #2):

CompuCredit
Corporation 

	
	 	 	 	 
	Name:	 	 	 	 	 	 
	 	 	
	 	 	 	 
	Title:	 	 	 	 	 	 
	 	 	
	 	 	 	 
	Date:	 	 	 	 	 	 
	 	 	
	 	 	 	 
	Place:	 	 	 	 	 	 
	 	 	
	 	 	 	 

6

Exhibit I

Applied Economics determination documenting the Warrant Sale Price  

Exhibit II

Applied Economics determination documenting the Exercise Price  

Exhibit III

Additional Defined Terms  

For
these purposes, "cause" means the reasonable, good faith determination by CompuCredit that: 

        (a)   (i) you
committed an act constituting fraud, deceit or intentional material misrepresentation with respect to CompuCredit or any client, customer or supplier of
CompuCredit; (ii) you embezzled funds or assets from CompuCredit or any client, customer or supplier of CompuCredit; (iii) you engaged in willful misconduct or gross negligence in the
performance of your duties to CompuCredit; (iv) you failed to comply in a material way with any of your non-competition and confidentiality obligations to CompuCredit; 

        (b)   You
breached or defaulted in the performance of any other material obligation of yours to CompuCredit and have not cured such breach or default to CompuCredit's
reasonable satisfaction within thirty days after receiving notice thereof; or 

        (c)   Your
conduct is materially detrimental to the reputation of CompuCredit and you have not cured (if such conduct is curable in CompuCredit's reasonable opinion) such
conduct to CompuCredit's reasonable satisfaction within ten days after receiving notice thereof. 

For
these purposes, "good reason" means: 

        (a)   Your
status or role within CompuCredit is demoted in any of the following ways: 

	(i)
	You
no longer maintain the title of Executive Vice President of CompuCredit;

	(ii)
	You
retain the title of Executive Vice President but you are not held out by CompuCredit either internally and/or externally as the principal or chief risk / credit
officer of CompuCredit responsible for the profitability of the credit card business of CompuCredit;

	(iii)
	A
material diminution in the scope and nature of your duties and responsibilities other than as a result of cause;

	(iv)
	You
no longer report directly to either the president or the chief executive officer of CompuCredit; or

	(v)
	There
is a material reduction of your benefits (taken as a whole) relative to the other CompuCredit officers of comparable level; 

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Exhibit 10.8(a)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]