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Exhibit 10.8    
  

 
 

ASSET PURCHASE AGREEMENT    
  

        THIS ASSET PURCHASE AGREEMENT (the "Agreement") is made and entered into as of this 11th day of May,
2001, by and among VSx CORPORATION, a Georgia corporation ("VSx"), JAMES A. ECKSTEIN, a Georgia resident
("Shareholder"), and COMPUCREDIT CORPORATION, a Georgia corporation ("Purchaser"). 

BACKGROUND:  

        A.    Among other things, CompuCredit is in the business (the "Business") of marketing and selling consumer credit card products and services to
selected consumers in the "underserved," "subprime" and "secured" credit sectors, as those terms are generally known and understood in the credit industry. 

        B.    Among
other things, VSx is in the business of designing and developing computer software and database programs and providing related data processing services for
companies engaged in the Business. 

        C.    Shareholder
owns all of the issued and outstanding shares of capital stock of VSx. 

        D.    Pursuant
to the terms and conditions contained herein, VSx desires to sell to Purchaser, and Purchaser desires to purchase from VSx, substantially all of the assets owned
and used by VSx in connection with the operation of its business. 

        NOW,
THEREFORE, FOR AND IN CONSIDERATION of the premises, the mutual promises, covenants and agreements contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

 
 

ARTICLE 1
  PURCHASE AND SALE OF ASSETS    
  

        1.1    Transfer of Assets.    Upon the terms and subject to the conditions set forth in
this Agreement, at the "Closing" (as defined in Section 2.1), VSx shall sell, assign, transfer, convey and deliver to Purchaser, and Purchaser shall purchase and accept from VSx, all of the
"Assets" (as hereinafter defined), free and clear of any and all liens (including, without limitation, liens for "Taxes," as defined in Section 3.17), charges, security interests, mortgages,
pledges, claims, rights of third parties and other encumbrances of any kind or nature (collectively "Encumbrances"). For purposes of this Agreement, the "Assets" shall mean all of the assets,
properties and rights of VSx other than the "Excluded Assets" (as defined in Section 1.2). The Assets are identified on Schedule 1.1. 

        1.2    Excluded Assets.    Only the following assets of VSx as of the Closing Date are
being retained by VSx and not transferred to Purchaser pursuant to this Agreement: 

        (a)  VSx's
minute books, stock transfer ledger and similar corporate records; 

        (b)  VSx's
rights under this Agreement and other documents to be executed in connection herewith; 

        (c)  all
tax credits and tax refunds with respect to the business of VSx for all periods up to the Closing; 

        (d)  all
insurance policies of VSx; 

        (e)  all
of VSx's rights under any of the "Plans" (as defined in Section 3.19); and 

        (f)    any
item listed on Schedule 1.2. 

        1.3    No Assumed Liabilities.    It is understood and agreed that Purchaser shall not,
as a result of this Agreement or the transactions contemplated hereby, assume or become liable for the payment of 

 

any liabilities or obligations of VSx (whether known or unknown, now existing or hereafter arising, of whatever nature or character, and whether absolute or contingent, liquidated or disputed).
Following the Closing, VSx shall remain liable for and shall timely pay, perform and discharge all of the liabilities and obligations of VSx in accordance with their respective terms. 

        1.4    Purchase Price.    As payment for the Assets, Purchaser shall deliver to VSx the
following aggregate consideration at the Closing: 

        (a)  Payment
to VSx of $1,000,000 in cash by wire transfer of immediately available funds to such bank and account as is designated by VSx (the "Cash Payment"); and 

        (b)  A
secured promissory note payable to VSx on or before January 30, 2002, in the amount of $1,400,000.00 in the form attached hereto as  Exhibit A (the "Note"), which Note shall bear simple
interest at the rate of six percent (6%) per annum. 

        1.5  Allocation.
Purchaser, VSx and Shareholder each hereby agree that the Purchase Price shall be allocated among the Assets as set forth on  Exhibit B, attached hereto (the "Allocation Schedule") and that
such allocation is in accordance with the
methodology of valuing the Assets required by Section 1060 of the Internal Revenue Code of 1986, as amended (the "Code"). Purchaser, VSx and Shareholder agree to file IRS Form 8594 and
all tax returns in accordance with the Allocation Schedule. 

 
 

ARTICLE 2
  PURCHASE AND SALE OF ASSETS    
  

        2.1    Closing Date.    Contemporaneously with the execution of this Agreement, the
closing of the transactions contemplated hereby (the "Closing") shall occur at the offices of Purchaser's counsel, Troutman Sanders LLP, 600 Peachtree Street, N.E., Suite 5200, Atlanta, Georgia 30308,
or such other place as is
designated by Purchaser. The date on which the Closing occurs is referred to herein as the "Closing Date." The Closing shall be deemed effective as of 11:59 p.m. on the Closing Date. 

        2.2    Deliveries of VSx and Shareholder.    At the Closing, VSx and Shareholder shall
deliver to Purchaser each of the following, in form and substance reasonably satisfactory to Purchaser: 

        (a)  A
Bill of Sale and Assignment, in form and substance reasonably satisfactory to Purchaser, executed by VSx, and such other assignments, consents, and other instruments
of transfer and conveyance (including, without limitation, copyright assignments), in each case as are necessary or appropriate to transfer and assign the Assets to Purchaser in accordance with this
Agreement. 

        (b)  A
Quit-Claim Bill of Sale and Assignment, in form and substance reasonably satisfactory to Purchaser, executed by Shareholder, assigning all of Shareholder's
right, title and interest in and to the Assets to Purchaser. 

        (c)  A
Quit-Claim Bill of Sale and Assignment, in form and substance reasonably satisfactory to Purchaser, executed by Visionary Systems, Inc., a Georgia
corporation ("VSI"), assigning all of VSI's right, title and interest in and to the Assets to Purchaser. 

        (d)  Certificate
of existence for VSx issued by the Secretary of State of the State of Georgia as of a recent date prior to the Closing Date. 

        (e)  Certificates
of appropriate officials in the various jurisdictions in which VSx does business as to its qualification and good standing as a foreign corporation. 

        (f)    Resolutions
of the board of directors of VSx and the Shareholder, certified by the Secretary of VSx, authorizing the execution, delivery and performance of this
Agreement by VSx, in form and substance reasonably satisfactory to Purchaser. 

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        (g)  All
computer code and related documentation, specifications, design diagrams, notes and comments, manuals, instructions, operations materials, and any procedural code
such as job control language, all in a form that is readable by humans, which is included in or related to any of the Assets. 

	(h)
	An
agreement, substantially in the form attached hereto as Exhibit C (the "Ongoing Support
Agreement") executed by VSI and Shareholder. 

        (i)    Any
other information, documents or certificates reasonably requested by Purchaser. 

        2.3    Deliveries of Purchaser.    At the Closing, Purchaser shall deliver to or on
behalf of VSx each of the following, in form and substance reasonably satisfactory to VSx and Shareholder: 

        (a)  The
Cash Payment. 

        (b)  The
Note. 

        (c)  A
security agreement in the form attached hereto as Exhibit D, granting a first priority security interest in the
Assets to VSx. 

        (d)  The
Ongoing Support Agreement executed by Purchaser. 

        (e)  Any
other information, documents or certificates reasonably requested by VSx and Shareholder. 

 
 

ARTICLE 3
  REPRESENTATIONS AND WARRANTIES
  OF VSx AND SHAREHOLDER    
  

        VSx and Shareholder hereby jointly and severally represent and warrant, as of the Closing Date, to Purchaser as follows: 

        3.1    Power and Authority.    Each of VSx and Shareholder has the full power and
authority to enter into this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the
consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate or other action on the part of VSx and Shareholder, and no other corporate or other
proceedings on the part of VSx or Shareholder are necessary to authorize the execution, delivery and performance of this Agreement by VSx or Shareholder. 

        3.2    Binding Effect.    This Agreement and any other agreements or documents and
instruments delivered or to be delivered to Purchaser pursuant to this Agreement have been duly executed and delivered by each of VSx and Shareholder and constitute its legal, valid and binding
obligation, enforceable against VSx or Shareholder, as the case may be, in accordance with their terms. 

        3.3    No Violation; Consents.    Neither the execution and delivery of this Agreement by
VSx or Shareholder, nor the performance by either of them of its obligations hereunder, will: 

        (a)  violate
or conflict with any provision of the Articles of Incorporation or Bylaws of VSx; 

        (b)  breach
or otherwise constitute or give rise to a default under any contract, commitment or other obligation to or by which Shareholder or VSx is a party or is bound; 

        (c)  violate
any statute, ordinance, law, rule, regulation, judgment, order or decree of any court or other governmental, regulatory or taxing authority to which Shareholder
or VSx is subject; or 

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        (d)  except
as set forth on Schedule 3.3, require any consent, approval or authorization of, notice to, or filing, recording, registration
or qualification with any person, entity, court or governmental, regulatory or taxing authority, whether oral or written. 

        3.4    Capitalization.    The authorized capital stock of VSx consists solely of fifty
thousand (50,000) shares of no par value common stock, of which fifty thousand (50,000) shares are issued and outstanding. All of such issued and outstanding shares are owned solely by Shareholder,
were duly authorized and validly issued, and are fully paid and non-assessable. 

        3.5    Corporate Structure.    VSx is a corporation duly organized, validly existing and
in good standing under the laws of the State of Georgia. VSx has the necessary corporate power and authority to carry on its business as it is now being conducted and to own and lease the properties
and assets it now owns and leases. VSx is qualified to transact business as a foreign corporation in the jurisdictions listed on Schedule 3.5, and VSx is not
required to be qualified to transact business in any other jurisdiction. 

        3.6    Liabilities.    VSx does not have any commitment, debt, liability or obligation of
any kind (whether known or unknown, absolute or contingent, liquidated or disputed, or due or to become due, including, without limitation, liability for "Taxes" (as defined in Section 3.17)),
except for (i) those liabilities identified on Schedule 3.6, and (ii) liabilities for employment related costs incurred in the ordinary course of its
business since May 1, 2001. VSx does not have any obligations (absolute or contingent) to provide funds on behalf of, or to guarantee or assume any debt, liability or obligation of, any person
or entity. 

        3.7    Accounts Receivable.    All accounts receivable, fees receivable and notes
receivable owned by or due to VSx, and the respective amounts thereof as of the date of this Agreement, are identified on Schedule 3.7 and represent obligations of
Purchaser for sales made, services performed or other charges arising on or before the Closing Date. 

        3.8    The Assets.    The Assets listed on
Schedule 1.1 represent all of the assets, properties and rights owned by VSx and used in connection with its business, other than the Excluded Assets. VSx owns, and
after the Closing Purchaser shall own, all rights, title and interest in and to the Assets, free and clear of all Encumbrances. All of the personal property, equipment and other tangible property
included in the Assets are in good operating condition and repair (ordinary wear and tear excepted). 

        3.9    Real Property.    VSx has not at any time owned or leased any real property, and
the Assets do not include any right or interest in real property. 

        3.10    Intellectual Property.    The Assets include, and
Schedule 1.1 contains, a correct and complete list of, all copyrights, trademarks, service marks, logos, trade names, patents, processes, inventions, computer
programs, software, firmware and related documentation, trade secrets, confidential business information, goodwill and other intellectual property (including, to the extent applicable, registrations,
applications, and renewals for registrations of each of the foregoing) which are owned and used by VSx in connection with its business (collectively the "Intellectual Property"), including, without
limitation, the computer software program referred to as the "Brain," the functionality of which is described on Schedule 3.10. VSx owns, and after the Closing
Purchaser shall own, all rights, title and interest in and to the Intellectual Property free and clear of all Encumbrances, and none of the Intellectual Property has been copied in whole or in part
from any work of any other party. VSx has not violated or infringed any patent, copyright, trademark, service mark or other intellectual property or other proprietary rights of any other person or
entity, and there are no claims pending or, to the knowledge of VSx or Shareholder, threatened against VSx or Shareholder asserting that the use or ownership of any of the Intellectual Property by VSx
or any other party infringes the rights of any other person or entity. VSx has not made or asserted any claim of violation or infringement of any of the Intellectual Property against any other person
or entity, and neither VSx nor Shareholder is aware 

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of any such violation or infringement. VSx has not granted any outstanding licenses or other rights in or to any of the Intellectual Property to any person or entity other than Purchaser. 

        3.11    Contracts and Commitments.    Except as identified on
Schedule 3.11, VSx is not a party to or bound by any written or oral contracts, agreements, leases, guaranties or commitments. 

        3.12    Ordinary Course of Business.    VSx has operated its business in the ordinary
course consistent with past practices since December 31, 1999. 

        3.13    Litigation.    Except as set forth on
Schedule 3.13, there is no litigation, action, suit, arbitration, mediation, hearing or governmental or administrative proceeding or investigation pending or, to
VSx's or Shareholder's knowledge, threatened by or against VSx or Shareholder or that otherwise relates to or may affect any of the Assets or the business of VSx, or that challenges, or that may have
the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated by this Agreement. No judgment, award, order or decree has been rendered against
VSx which is still outstanding. 

        3.14    Compliance with Laws.    VSx and Shareholder have complied with all statutes,
laws, rules, regulations, orders, decrees and ordinances applicable to VSx or the operation of its business (collectively, the "Laws"), except to the extent any such non-compliance would
not, individually or in the aggregate, have a material adverse effect on the Assets or its business. Neither VSx nor Shareholder has received any written notice alleging any violations of Laws. 

        3.15    Permits and Licenses.    VSx holds all required permits, licenses, approvals and
authorizations from all governmental or regulatory authorities which are necessary to conduct its business in a manner consistent with its past practices, or which are otherwise material to VSx or to
the operation of its business. VSx is in compliance with the terms of such permits, licenses, approvals and authorizations and there are no pending or, to the knowledge of VSx or Shareholder,
threatened terminations, expirations or revocations thereof. 

        3.16    Insurance.    All material terms, obligations and provisions of all policies of
insurance and bonds or cash deposits in lieu of bonds presently maintained by, or providing coverage for VSx or the Assets have been complied with, all premiums due thereon have been paid, and no
notice of cancellation with respect thereto has been received by VSx or Shareholder. No claims are pending under any of such policies or bonds, and to VSx's or Shareholder's knowledge, no state of
facts exists with respect to which VSx would file any insurance claim in the ordinary course of business consistent with past practices. Such policies and bonds provide adequate coverage to insure the
Assets against such risks and in such amounts as are prudent and customary. 

        3.17    Taxes.    VSx and Shareholder have duly and timely filed all "Tax" (as
hereinafter defined) reports and returns required to be filed by or with respect to VSx, and all of such reports and returns are true, correct and complete in all respects. VSx or Shareholder, as the
case may be, has paid on a timely basis all applicable Taxes with respect to VSx for any period of time prior to the Closing, except for Taxes accrued but not yet due and payable. VSx or Shareholder,
as the case may be, has withheld and paid over all Taxes required to have been withheld and paid over by or with respect to VSx, and complied
with all information reporting and backup withholding requirements of or with respect to VSx, including maintenance of required records with respect thereto, in connection with amounts paid or owing
to any employee, creditor, independent contractor, or other third party. VSx has never been a party or subject to any Tax audit, investigation, levy, assessment, collection or pending action,
proceeding or claim, and no notice of the possible institution of any Tax audit, investigation, levy, assessment or collection action, proceeding or claim against VSx has been received by VSx or
Shareholder. No extension of a statute of limitations relating to Taxes is in effect with respect to VSx. VSx (and any predecessor of VSx) has been a validly electing S corporation within the meaning
of Code Sections 1361 and 1362 at all times during its existence. For purposes of this Agreement, "Taxes" shall mean any 

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federal, state, local, or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock,
franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or
add-on minimum, estimated, or other tax of any kind whatsoever owed by or assessable against VSx (or Shareholder, to the extent arising out of the income, assets or operations of VSx),
including any interest, penalty, or addition thereto, whether disputed or not. 

        3.18    Employees.    Schedule 3.18 contains a true
and complete list of the names, titles, and salaries (including bonuses) of each full-time and part-time employee, consultant and advisor of VSx. Except as set forth on
Schedule 3.18, none of such employees have written employment agreements with VSx. Except as otherwise required by applicable federal and state law, all VSx
employees may be terminated by VSx and may terminate their own employment with VSx at any time for any reason or no reason without further obligation or consequence (other than obligations related to
non-competition or non-disclosure of information). 

        3.19    Employee Benefits.    Schedule 3.19 lists all
bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, medical or life insurance, dental, retiree medical or life insurance, retirement, severance or other benefit
plans, programs or arrangements, whether written or oral, to which it is a party or which are maintained, contributed to or sponsored by VSx for the benefit of any of its current or former employees,
officers or directors (collectively, the "Plans"). VSx has complied in all material respects with its obligations with respect to each such Plan, and each of the Plans has been maintained in material
compliance with all applicable laws and regulations. All salaries and bonuses, deferred compensation and any other payments pursuant to any Plan that are due and payable as of the date hereof have
been paid in full by VSx. 

        3.20    Labor Matters.    VSx is not a party to any collective bargaining or other
agreement of any kind with any union or labor organization. There are no unfair labor practice charges pending or, to the knowledge of VSx or Shareholder, threatened against VSx, and there are no
charges, complaints, claims or proceedings pending or, to the knowledge of VSx or Shareholder, threatened against VSx with respect to any alleged violation of any legal duty (including, but not
limited to, any wage and hour claims, employment discrimination claims or claims arising out of any employment relationship) as to VSx's employees or as to any person seeking employment therefrom, and
to the knowledge of VSx or Shareholder, no basis for any such charges, complaints or claims exists. 

        3.21    Insolvency Proceedings.    No insolvency proceedings of any kind or nature,
including, without limitation, bankruptcy, receivership, reorganization, or other arrangements with creditors, whether voluntary or involuntary, with respect to VSx are pending or threatened. 

        3.22    Year 2000.    

        (a)  All
of the computer software, computer firmware, computer hardware (whether general or special purpose), and other similar or related items of automated, computerized,
and/or software system(s) that are included in the Assets will not malfunction, will not cease to function, will not generate incorrect date, and will not produce incorrect results when processing,
providing and/or receiving (i) date-related data in connection with any valid date in the twentieth and twenty-first centuries and (ii) date-related data into and
between the twentieth and twenty-first centuries; and neither VSx nor Purchaser shall be subject to any claims or liabilities arising from their failure to do so; and 

        (b)  All
of the products and services sold, licensed, rendered, or otherwise provided in connection with the business of VSx will not malfunction, will not cease to function,
will not generate incorrect data, and will not produce incorrect results when processing, providing, and/or receiving (i) date-related data into and between the twentieth and
twenty-first centuries and (ii) date-related 

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data in connection with any valid date in the twentieth and twenty-first centuries; and neither VSx nor Purchaser shall be subject to any claims or liabilities arising from their failure to do so. 

        3.23    Securities Matters.    Each of Shareholder and VSx (i) understands that
the Note has not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or under any state securities laws; (ii) acknowledges that VSx is
acquiring the Note solely for its own account and not with a view to the distribution or resale thereof, except the possible distribution of the Note to Shareholder pursuant to liquidation or
otherwise; (iii) is a sophisticated investor with knowledge and experience in business and financial matters; (iv) has received certain information concerning Purchaser and has had the
opportunity to obtain additional information as desired in order to evaluate the merits and the risks inherent in holding the Note; and (v) is an "Accredited Investor" (as defined in
Regulation D of the Securities Act). 

        3.24    Representations and Warranties.    No representation or warranty made by VSx or
Shareholder in this Agreement contains or will contain any untrue statement of a material fact as of the Closing Date, and such representations and warranties do not or will not omit any material fact
necessary in order to make any statement contained therein not misleading as of the Closing Date. 

        3.25    Disclosure.    VSx has furnished or made available to Purchaser a true, correct
and complete copy of each document referred to in this Article 3, including the Schedules hereto. 

 
 

ARTICLE 4
  REPRESENTATIONS AND WARRANTIES OF PURCHASER    
  

        Purchaser hereby represents and warrants, as of the Closing Date, to VSx and Shareholder as follows: 

        4.1    Organization and Good Standing.    Purchaser is a corporation duly organized,
validly existing and in good standing under the laws of the State of Georgia. 

        4.2    Power and Authority.    Purchaser has the corporate power and authority to enter
into this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the
transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to
authorize the execution, delivery and performance of this Agreement by Purchaser. 

        4.3    Binding Effect.    This Agreement and any other agreements or documents and
instruments delivered or to be delivered to VSx pursuant to this Agreement have been duly executed and delivered by Purchaser and constitute the legal, valid and binding obligation of Purchaser,
enforceable against Purchaser in accordance with their terms. 

        4.4    No Violation; Consents.    Neither the execution and delivery of this Agreement by
Purchaser nor the performance by it of its obligations hereunder will: 

        (a)  violate
or conflict with any provision of the Articles of Incorporation or Bylaws of Purchaser; 

        (b)  breach
or otherwise constitute or give rise to a default under any contract, commitment or other obligation to or by which Purchaser is a party or is bound, except to
the extent any such breach or default would not have a material adverse effect on Purchaser; 

        (c)  violate
any statute, ordinance, law, rule, regulation, judgment, order or decree of any court or other governmental, regulatory or taxing authority to which Purchaser is
subject; or 

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        (d)  require
any consent, approval or authorization of, notice to, or filing, recording, registration or qualification with any person, entity, court or governmental,
regulatory or taxing authority, except any such consent, approval or authorization as has been obtained. 

        4.5    Litigation.    There is no litigation, action, suit, arbitration, mediation,
hearing, governmental investigation or similar proceeding pending or, to Purchaser's knowledge, threatened by or against Purchaser, that challenges, or that may have the effect of preventing,
delaying, making illegal or otherwise interfering with, any of the transactions contemplated by this Agreement. 

        4.6    Insolvency Proceedings.    No insolvency proceedings of any kind or nature,
including, without limitation, bankruptcy, receivership, reorganization, or other arrangements with creditors, whether voluntary or involuntary, with respect to Purchaser are pending or threatened. 

        4.7    Representations and Warranties.    No representation or warranty made by Purchaser
in this Agreement contains or will contain any untrue statement of a material fact as of the Closing Date, and such representations and warranties do not or will not omit any material fact necessary
in order to make any statement contained therein not misleading as of the Closing Date. 

 
 

ARTICLE 5
  OTHER AGREEMENTS OF THE PARTIES    
  

        5.1    Bulk Transfers.    Purchaser and VSx hereby waive compliance with the bulk
transfer provisions of the Uniform Commercial Code (or any similar law) to the extent applicable to the transactions contemplated by this Agreement. 

        5.2    Reasonable Efforts.    Upon the terms and subject to the conditions of this
Agreement, each party hereto shall use all reasonable efforts to take or cause to be taken all actions and to do or cause to be done all things necessary, proper or advisable under applicable laws and
regulations to consummate and make effective the transactions contemplated by this Agreement. 

        5.3    Brokers; Expenses.    Each party hereto hereby represents and warrants to the
other that it has not incurred any liability for brokerage fees, finder's fees, agent's commissions or other similar forms of compensation in connection with or in any way related to the transactions
contemplated by this Agreement. Purchaser shall pay only its own fees and expenses (including the fees and expenses of its attorneys, accountants, and other professionals) incurred in connection with
this Agreement and all
transactions contemplated hereby. The fees and expenses of Shareholder and VSx (including the costs and expenses of their respective attorneys, accountants, and other professionals) incurred in
connection with this Agreement and the transaction contemplated hereby will not be a liability of, and will not be paid by, Purchaser. 

        5.4    Publicity.    Neither party shall issue any press release, written public
statement or announcement relating to this Agreement or the transactions contemplated hereby without the prior written approval of the other party in each instance, except to the extent such
disclosure is required by law (in which case the disclosing party shall use all reasonable efforts to give the other party prior notice thereof). 

        5.5    Transfer Taxes.    VSx or Shareholder shall pay, or make adequate provision for
the payment of, in a timely manner, all transfer, sales or other similar taxes resulting from or payable in connection with the sale of Assets pursuant to this Agreement, regardless of the person on
whom such taxes are imposed by legal requirements. 

        5.6    Corporate, Trade or Brand Names.    Each of VSx and Shareholder agree that after
the Closing Date it shall no longer use any corporate, trade or brand name similar to the "Brain" without the 

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prior written consent of Purchaser in each instance. VSx and Shareholder will take any action reasonably requested by Purchaser to terminate any fictitious name filing or other indication of VSx's or
Shareholder's right to use any such name. 

        5.7    Restrictive Covenants.    

        (a)  Each
of VSx and Shareholder covenants and agrees that, within the United States for a period of nine hundred twelve (912) days following the Closing Date, except
with Purchaser's prior written permission: 

        (i)    No
"VSx Affiliate" (as hereinafter defined) shall, directly or indirectly, develop or assist any person or entity (other than Purchaser) in the development of any
computer software that performs substantially the same functionality as the Brain (as described on Schedule 3.10 attached hereto) for use in the Business; and 

        (ii)  No
VSx Affiliate shall solicit any employee, consultant, contractor or other personnel of Purchaser who was employed by VSx at any time on or prior to the Closing Date
to terminate such person's affiliation with Purchaser. 

        (b)  The
term "VSx Affiliate," as used herein, shall refer to any of (i) VSx and its officers and directors (acting in either their corporate or individual capacity),
(ii) VSI, (iii) Shareholder, and (iv) any person or entity that, directly or indirectly through one or more intermediaries, Controls or is Controlled by, or is under common
Control with, VSx or Shareholder. The terms "Controls," "Control" or
"Controlled" as used herein, mean the possession, directly or indirectly, of the power to direct or cause the direction of management and policies of
such person or entity, whether through the ownership of voting securities, by contract or otherwise. 

        5.8    Non-Disclosure Covenant.    

        (a)  For
purposes of this Agreement, (i) "Confidential Information" shall mean proprietary business information or data, other than "Trade Secrets" (as defined below),
which relates to the business of VSx, would be of tangible or intangible value to Purchaser and is not generally known by or available to third parties; and (ii) "Trade Secrets" shall mean the
"trade secrets" (as defined under applicable law) which relate to the business of VSx. 

        (b)  In
recognition of Purchaser's need to protect its legitimate business interests in connection with the purchase of the Assets, each of VSx and Shareholder hereby
covenants and agrees that it shall regard and treat each item of information or data constituting a Trade Secret or Confidential Information as strictly confidential and wholly owned by Purchaser and
not use, distribute, disclose, reproduce or otherwise communicate any such item of information or data to any person or entity for any purpose, except to the extent provided in Section 5.8(c),
below. The covenant contained in the preceding sentence shall apply: (i) with respect to Confidential Information, for a period of three (3) years after the Closing; and (ii) with
respect to Trade Secrets, at all times such data or information constitutes a "trade secret" under applicable law. 

        (c)  If
either VSx or Shareholder becomes legally compelled to disclose any Confidential Information or Trade Secrets (whether by judicial or administrative order, applicable
law, rule or regulation, or otherwise), it will use its reasonable efforts to provide Purchaser with prior written notice thereof so that Purchaser may seek a protective order or other appropriate
remedy to prevent or limit such disclosure; provided, however, that VSx or Shareholder, as the case may be, will use its reasonable efforts to
maintain the confidentiality of such Confidential Information and Trade Secrets. If such protective order or other remedy is not obtained prior to the time such disclosure is required, VSx or
Shareholder, as the case may be, will only disclose that portion of such Confidential Information and Trade Secrets which it is legally required to disclose. VSx and Shareholder shall have no
liability whatsoever to Purchaser or Purchaser's affiliates with respect to 

9

 

any legally required disclosure of Confidential Information or Trade Secrets made in accordance with this Section 5.8(c). 

        5.9    Acknowledgments; Remedies.    

        (a)  Each
of VSx and Shareholder expressly understands and agrees that the covenants and agreements to be rendered and performed by it pursuant to Sections 5.7 and 5.8
(collectively, the "Protective Covenants") are special, unique, and of an extraordinary character, and that the breach of any of the Protective Covenants may cause irreparable damage to Purchaser, the
exact amount of which will be difficult to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, each of VSx and Shareholder agrees that Purchaser shall be
entitled to specific performance and injunctive relief, without posting bond or other security, to enforce or prevent any default, breach or threatened breach of any of the Protective Covenants by VSx
or Shareholder. Such rights and remedies shall be cumulative, and none of them shall limit any other rights or remedies of Purchaser at law, in equity or under this Agreement. 

        (b)  Each
of VSx, Shareholder and Purchaser acknowledges and agrees that the Protective Covenants, as to time, scope and territory, constitute the most reasonable and
equitable restrictions possible given Purchaser's need to protect its substantial investment in the Assets. In the event any Protective Covenant in this Agreement is held by a court or other tribunal
of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other
respect, it shall be interpreted to extend only over the maximum period of time for which it may be enforceable and/or over the maximum geographical area as to which it may be enforceable and/or to
the maximum extent in all other respects as to which it may be enforceable, all as determined by such court or other tribunal in such action. 

 
 

ARTICLE 6
  INDEMNIFICATION    
  

        6.1    Indemnification by VSx and Shareholder.    Subject to Sections 6.4 and 6.5, VSx
and Shareholder, jointly and severally, hereby agree to indemnify and to promptly defend and hold harmless Purchaser from and against any and all claims, costs, expenses (including, without
limitation, attorneys' fees and court costs), judgments, actions, suits, proceedings, penalties, fines, damages, losses and liabilities of any kind or nature (collectively, "Losses") incurred by
Purchaser resulting from or arising out of: 

        (a)  any
breach of any representation or warranty made by VSx or Shareholder in this Agreement or any certificate or instrument delivered pursuant hereto; 

        (b)  any
breach of any covenant or agreement of VSx or Shareholder contained in this Agreement or any certificate or instrument delivered pursuant hereto; 

        (c)  any
of the Excluded Liabilities; and 

        (d)  any
claim, obligation or liability (including liability for any Taxes) which is (i) incurred by VSx at any time or (ii) related to the operation of the
business of VSx or the use or ownership of any of the Assets during any period of time prior to the Closing, regardless of whether such claim, obligation or liability is asserted on or before or after
the Closing Date. 

        6.2    Indemnification by Purchaser.    Subject to Section 6.4, Purchaser hereby
agrees to indemnify and to promptly defend and hold harmless VSx and Shareholder from and against any and all Losses incurred by VSx or Shareholder resulting from or arising out of: (i) any
breach of any representation or warranty made by Purchaser in this Agreement or any certificate or instrument delivered pursuant 

10

 

hereto; and (ii) any breach of any covenant or agreement of Purchaser contained in this Agreement or any certificate or instrument delivered pursuant hereto. 

        6.3    Administration of Third Party Claims.    

        (a)  Whenever
any claim shall arise for indemnification under this Article 6, the party entitled to indemnification (the "Indemnified Party") shall promptly notify the
other party or parties required to indemnify the Indemnified Party (the "Indemnifying Party") of the claim and, when known, the facts constituting the basis for such claim. In the event of any claim
for indemnification hereunder resulting from or in connection with any claim or legal proceeding by a person who is not a party to this Agreement (a "Third Party Claim"), such notice shall also
specify, if known, the amount or a good faith estimate of the amount of the Losses arising therefrom. An Indemnified Party's failure to notify an Indemnifying Party shall not cause the Indemnified
Party to lose its right to indemnification under this Article 6, except to the extent that such failure materially prejudices the Indemnifying Party's ability to defend against any Third Party
Claim that the Indemnifying Party has the right to defend against hereunder. 

        (b)  The
Indemnified Party shall not settle or compromise or voluntarily enter into any binding agreement to settle or compromise, or consent to entry of any judgment arising
from, any such claim or proceeding except in accordance with this Section 6.3. With respect to any Third Party Claim, the Indemnifying Party shall undertake the defense thereof by
representatives of its own choosing and shall control the settlement of any Third Party Claim; provided, however, that the Indemnifying Party may not, without the prior written consent of the
Indemnified Party, enter into any settlement which would lead to or create any liability or financial or other obligation on the part of the Indemnified Party for which it is not entitled to
indemnification hereunder, or could reasonably be construed as an admission of culpability on the part of the Indemnified Party or be expected to undermine the Indemnified Party's defense with respect
to any future claims of a similar nature. The Indemnified Party will cooperate and make available to the Indemnifying Party such assistance and materials as Indemnifying Party may reasonably request,
at the Indemnifying Party's expense. The Indemnified Party or any other party shall have the right to participate in any such defense of a Third Party Claim with advisory counsel of its
own choosing at its own expense. Assuming the Indemnifying Party has received advance notice of a covered claim, and in the event that Indemnifying Party fails to begin defense of such claim with
reasonable promptness following receipt of such notice (or at any time thereafter ceases to diligently defend such claim), the Indemnified Party will have the right, after giving ten (10) days'
prior written notice to the Indemnifying Party of its intention to do so, and if during such 10-day period the Indemnifying Party does not settle such claim, to undertake the defense and
control the compromise or settlement of such Third Party Claim on behalf of, and for the account of, the Indemnifying Party, at the expense and risk of the Indemnifying Party. 

        6.4    Survival.    All representations, warranties, covenants and agreements contained
in this Agreement shall survive the Closing. The representations and warranties of each of the parties hereto contained in Articles 3 and 4 of this Agreement shall survive the Closing only until the
expiration of two (2) years after the Closing Date; provided, however, that the representations and warranties set forth in Sections 3.1, 3.2, 3.8, 3.10, 3.17, 3.23, 4.2 and 4.3 shall survive
indefinitely. Any claim for indemnification under this Article 6 with respect to any representations and warranties contained herein must be asserted during the survival period applicable
thereto, if any. In the event notice of any claim for indemnification is given in good faith within the applicable survival period, an Indemnifying Party's obligations with respect to such
indemnification claim shall survive until such time as such claim is finally resolved. 

11

 

        6.5    Limitation on Indemnities.    The combined liability of VSx and Shareholder to
Purchaser for Losses under this Article 6 shall not exceed $2,400,000 in the aggregate, which amount shall include any amounts set off by Purchaser against the Note. 

        6.6    Subrogation.    In the event an Indemnifying Party pays an Indemnified Party's
Losses pursuant to this Article 6, such Indemnifying Party shall be subrogated to the rights the Indemnified Party has against any insurer or other third party with respect thereto (and, upon
the reasonable request of the Indemnifying Party, the Indemnified Party shall take appropriate actions necessary to transfer and assign such rights to the Indemnifying Party). 

 
 

ARTICLE 7
  MISCELLANEOUS    
  

        7.1    Notices.    

        (a)  All
notices, consents, requests and other communications hereunder shall be in writing and shall be sent by hand delivery, by certified or registered mail
(return-receipt requested), or by a recognized national overnight courier service as set forth below: 

	 	 	If to VSx or

Shareholder:	 	James A. Eckstein

550 Pharr Road, Suite 525

Atlanta, Georgia 30305
	

 	
 	

With a copy to:	
 	

Philip E. Tribble, Esq.

Morris, Manning & Martin, LLP

1600 Atlanta Financial Center

3343 Peachtree Road, N.E.

Atlanta, Georgia 30326
	

 	
 	

If to Purchaser:	
 	

CompuCredit Corporation

245 Perimeter Center Parkway, Suite 600

Atlanta, Georgia 30346

Attention: General Counsel
	

 	
 	

with a copy to:	
 	

Robert W. Grout, Esq.

Troutman Sanders LLP

600 Peachtree Street, N.E., Suite 5200

Atlanta, Georgia 30308

        (b)  Notices
delivered pursuant to Section 7.1(a) shall be deemed given: (i) at the time delivered, if personally delivered; (ii) at the time received,
if mailed; and (iii) one (1) business day after timely delivery to the courier, if by overnight courier service. 

        (c)  Any
party hereto may change the address to which notice is to be sent by written notice to the other parties in accordance with this Section 7.1. 

        7.2    Entire Agreement.    This Agreement, including all Exhibits and Schedules hereto
(all of which are incorporated herein by this reference), contains the entire agreement and understanding concerning the subject matter hereof between the parties hereto and specifically supersedes
any other agreement or understanding among the parties related to the subject matter hereof. 

        7.3    Waiver; Amendment.    No waiver, termination or discharge of this Agreement, or
any of the terms or provisions hereof, shall be binding upon any party unless confirmed in writing. No waiver by any party of any term or provision of this Agreement or of any default hereunder shall
affect such party's rights thereafter to enforce such term or provision or to exercise any right or remedy in the 

12

 

event of any other default, whether or not similar. This Agreement may not be modified or amended except by a writing executed by all parties. 

        7.4    Severability.    If any provision of this Agreement shall be held void, voidable,
invalid or inoperative, no other provision of this Agreement shall be affected as a result thereof, and, accordingly, the remaining provisions of this Agreement shall remain in full force and effect
as though such void, voidable, invalid or inoperative provision had not been contained herein. 

        7.5    Governing Law.    This Agreement shall be governed by and construed in accordance
with the laws of the State of Georgia, without regard to the principles of conflicts of laws. 

        7.6    Assignment.    No party may assign this Agreement, in whole or in part, without
the prior written consent of the other party or parties hereto, and any attempted assignment not in accordance herewith shall be null and void and of no force or effect. Notwithstanding the foregoing,
Purchaser may assign this Agreement without the consent of the other parties hereto to an affiliate of Purchaser; provided, however, that in no event shall any such transfer or assignment relieve
Purchaser from the obligation to pay the Purchase Price to VSx and Shareholder pursuant to this Agreement and the Note. 

        7.7    Binding Effect.    This Agreement shall be binding upon and shall inure to the
benefit of the parties and their respective heirs, representatives, successors and permitted assigns. 

        7.8    Headings.    The titles, captions and headings contained in this Agreement are
inserted for convenience of reference only and are not intended to be a part of or to affect in any way the meaning or interpretation of this Agreement. 

        7.9    Reference with Agreement.    Numbered or lettered articles, Sections, paragraphs,
subsections, schedules and Exhibits herein contained refer to articles, Sections, paragraphs, subsections, schedules and
Exhibits of this Agreement unless otherwise expressly stated. The words "herein," "hereof," "hereunder," "hereby," "this Agreement" and other similar references shall be construed to mean and include
this Agreement and all Exhibits and Schedules and all amendments to any of them unless the context shall clearly indicate or require otherwise. 

        7.10    Interpretation.    This Agreement shall not be construed more strictly against
either party hereto regardless of which party is responsible for its preparation, it being agreed that this Agreement was fully negotiated by both parties. 

        7.11    Further Assurances.    Upon the reasonable request of the other party, each party
agrees to take any and all actions, including, without limitation, the execution of certificates, documents or instruments, necessary or appropriate to give effect to the terms and conditions set
forth in this Agreement. 

        7.12    Counterparts; Fax Signatures.    This Agreement and any agreement, document or
instrument required or contemplated hereby may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute the same agreement,
document or instrument. Any signature page of any such counterpart, or any electronic facsimile thereof, may be attached or appended to any other counterpart to complete a fully executed counterpart
of such agreement, document or instrument, and any telecopy or other facsimile transmission of any signature shall be deemed an original and shall bind such party. 

        7.13    Definition of Knowledge.    Any reference in this Agreement to VSx's or
Shareholder's "knowledge" (or other similar expressions relating to the knowledge or awareness of VSx or Shareholder) means all matters of which Shareholder or any of the directors or officers of VSx
knew or should have known after a reasonable investigation. 

[Signatures Begin on Next Page]

13

 

        IN WITNESS WHEREOF, the undersigned have set their hands and seals to this Agreement as of the date first set forth above. 

	 	"VSx"
	

 	

VSx CORPORATION
	

 	

By:	

/s/  JAMES A. ECKSTEIN      

	 	Name:	James A. Eckstein

	 	Title:	President and CEO

	

 	

(SEAL)
	

 	
"Shareholder"
	

 	

                /s/  JAMES A. ECKSTEIN                      (SEAL)
	 	

	 	James A. Eckstein
	

 	
"Purchaser"
	

 	

COMPUCREDIT CORPORATION
	

 	

By:	

/s/  DAVID G. HANNA      

	 	Name:	David G. Hanna

	 	Title:	Chairman and CEO

	

 	

(SEAL)

14

QuickLinks

Exhibit 10.8

ASSET PURCHASE AGREEMENT

ARTICLE 1 PURCHASE AND SALE OF ASSETS

ARTICLE 2 PURCHASE AND SALE OF ASSETS

ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF VSx AND SHAREHOLDER

ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PURCHASER

ARTICLE 5 OTHER AGREEMENTS OF THE PARTIES

ARTICLE 6 INDEMNIFICATION

ARTICLE 7 MISCELLANEOUSQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.8a    
  

 
 

AGREEMENT    
  

        THIS AGREEMENT (the "Agreement"), made and entered into effective as of the 11th day of May,  2001 ("Effective Date") is made among COMPUCREDIT
CORPORATION, a Georgia corporation ("CompuCredit"), VISIONARY SYSTEMS, INC., a
Georgia corporation ("VSI"), and JAMES A. ECKSTEIN, a Georgia resident
("Eckstein"). VSI and CompuCredit are sometimes collectively referred to as the "Parties" or individually as a "Party". A master list of defined terms
used in this Agreement is contained in Appendix A. 

BACKGROUND  

        A.    Among other things, CompuCredit is in the business (the
"Business") of marketing and selling consumer credit card products and services to selected consumers in
the "underserved," "subprime" and "secured" credit sectors, as those terms are generally known and understood in the credit industry. 

        B.    Among other things, VSI is in the business of designing and developing computer software and database programs and
providing related data processing services for companies engaged in the Business. 

        C.    Under an agreement among the Parties and VSx Corporation, a Georgia corporation
("VSx"), dated September 23, 1997, (the "Original Agreement"), VSI and VSx have developed a
system of computer programs and databases that are capable of, among other things, gathering, storing and analyzing certain classes of data necessary to facilitate key marketing, risk and financial
management decisions in the consumer credit and financial products industries (which system, together with all error corrections, modifications, derivative works, updates, enhancements and associated
documentation is collectively referred to herein as the "System"). 

        D.    The System includes three core components: (i) the "Brain" which
has been developed by VSx on a SUN Solaris/Oracle 8.0 enterprise edition platform; (ii) the "Switch" which has been developed by VSI on a Windows
NT 4.0, MS SQL Server 7.0 platform; and (iii) the "Switch Criteria" which was developed by VSI and is owned by CompuCredit. 

        E.    Eckstein owns 40% of the outstanding capital stock of VSI directly and another 10% indirectly through ownership of equity
interests in Mcap (as defined below). He also serves as VSI's Chief Executive Officer. 

        F.    CompuCredit has, simultaneously with the execution of this Agreement, acquired all of the assets of VSx, and as a result
has acquired ownership of the Brain, but VSI and Eckstein still possess substantial knowledge about the Brain. 

        G.    The Parties intend for VSI to continue to perform data processing, software design development and support, consulting,
and miscellaneous ancillary services for CompuCredit related to the Switch, the Brain related to CompuCredit's Business. 

        H.    The Parties desire to terminate the Original Agreement as of the Effective Date of this Agreement and replace and
supersede it with this Agreement. 

 

TERMS AND CONDITIONS  

        NOW, THEREFORE, for value received, the Parties agree as follows: 

1.    Services  

        1.1    Services.    

        (a)  General.
During the Term (as hereinafter defined), VSI will: (i) provide the Services (as that term is defined below); and
(ii) at its own expense, to the extent the Parties agree, maintain agreements securing access to the databases of Equifax, Inc., Experian, Inc., Trans Union LLC, and their
respective successors (collectively the "Credit Bureaus") for the purpose of performing the Services. 

        (b)  Pre-Screening
Services. 

        (i)    VSI
will provide such programming, development, testing, quality control, auditing and on-going operations of the System as the Parties mutually agree is
necessary to support CompuCredit's pre-screen direct mail and telemarketing efforts (the "Pre-Screening Services"). The
Pre-Screening Services will support CompuCredit's creation of pre-screen lists and will enable CompuCredit to exercise segmentation, prospecting, pricing, product selection and
assignment capabilities with respect to its pre-screen lists. The Pre-Screening Services will be provided by VSI using data provided by the Credit Bureaus in accordance with
criteria designated by CompuCredit from time to time. VSI is in no way responsible for the accuracy of the data provided by the Credit Bureaus or the validity of the criteria designated by
CompuCredit. 

        (ii)  Using
data obtained from the Credit Bureaus and CompuCredit's proprietary score models, VSI will build a solicitation file containing contact information and details of
a pre-qualified credit offer. The solicitation file will be provided by VSI to processing vendors designated by CompuCredit for the purpose of producing mail copy or for direct
telemarketing directed to Prospects. Upon the acceptance of the offer of credit by a Prospect, a lead will be processed by VSI in the Switch which will house score thresholds derived from Credit
Bureau information and CompuCredit's proprietary score models, as well as business rules that determine whether a final approval is granted and the terms of the final approval. VSI will create an "ACE
Record" according to the criteria specified on Exhibit B ("ACE
Record") and send it to Total Systems, Inc., a Georgia corporation with its principal place of business in 1600 First Avenue, Columbus, GA 31901
("Total Systems"), for fulfillment of a credit card or a decline letter. 

        (iii)  VSI
will bill CompuCredit for the Pre-Screening Services on a monthly basis at the hourly rates set forth in  Exhibit A. 

        (c)  Post-Screening
Services. VSI will provide such programming, development, testing, quality control, auditing and
on-going operations of the System as the Parties mutually agree is necessary to support CompuCredit's post-screening direct mail and telemarketing solicitation of the selected
Prospects (the "Post-Screening Services"). In connection with the Post-Screening Services, VSI will use the System to
assist CompuCredit to retrieve credit data, execute CompuCredit's proprietary criteria, downsell/upsell, and format the ACE Records to be sent to Total Systems for approved, declined and pending
applications. VSI will bill CompuCredit for the Post-Screening Services on a monthly basis at the hourly rates set forth in  Exhibit A. 

        (d)  Pre-Screen-One
Services. VSI will provide such programming, development, testing, quality control, auditing and on-going operations
of the System as the Parties mutually agree is necessary to support CompuCredit's real-time pre-screening efforts (the
"Pre-Screen-One Services"). In 

2

 

connection with the Pre-Screen-One Services, VSI will use the System to retrieve credit data, execute CompuCredit proprietary criteria, select pricing, select product and
format ACE records to be sent to Total Systems for approved applications for which Prospects have accepted the CompuCredit offer and terms. VSI will bill CompuCredit for the
Pre-Screen-One Services on a monthly basis at the hourly rates set forth in Exhibit A. In addition, VSI will charge
CompuCredit a $.20 per transaction fee for processing of these transactions which will also be billed monthly. 

        (e)  Cross-Selling
Services. VSI will provide such programming, development, testing, quality control, auditing and on-going operations of the System as the
Parties mutually agree to support CompuCredit's cross-selling efforts (the "Cross-Selling Services"). In connection with the Cross-Selling Services, VSI
will use the System to retrieve pre-screen credit data, execute CompuCredit proprietary criteria, select pricing, select products (such as credit life insurance, credit card registry,
membership purchase club) and format ACE records to be sent to Total Systems for approved, declined and pending applications. VSI will bill CompuCredit for the Cross-Selling Services on a monthly
basis at the hourly rates set forth in Exhibit A. In addition, VSI will charge CompuCredit a $.20 per transaction
fee for processing of these transactions which will also be billed monthly. 

        (f)    Consulting
Services. From time to time as mutually agreed between the Parties,, VSI will also provide other services to CompuCredit at CompuCredit's request including,
without limitation, consulting services and maintenance services with respect to both the Brain and the Switch, development of new functionalities of the Switch, and other core technology components
required by CompuCredit (collectively, the "Consulting Services"). VSI will bill CompuCredit for the Consulting Services on a monthly basis at the
hourly rates set forth in Exhibit A. 

        (g)  Solicitation
Services. From time to time as mutually agreed between the Parties, VSI will provide solicitation services (the "Solicitation
Services") for CompuCredit. VSI will bill CompuCredit for the Solicitation Services on a monthly basis at the hourly rates set forth in  Exhibit A. 

The
Pre-Screening Services, the Post-Screen Services, the Pre-Screen-One Services, the Cross-Selling Services, the Consulting Services, and the
Solicitation Services are collectively referred to herein as the "Services." 

        1.2    Priority    During the Term, to the extent agreed to between the Parties, VSI's
staff, dedicated to the performance of the Services, maintained at such levels as are agreed to between the Parties from time to time pursuant to  Section 2.2 below, shall devote their full time to
the performance of the Services. VSI's obligation under this  Section 1.2 does not apply to its employees who are not hired or retained pursuant to agreement with CompuCredit pursuant to
Section 2.2 below. 

        1.3    Timetable    Subject to the limitations set forth in this Agreement, during the
Term, VSI shall commit and utilize sufficient financial and human resources to enable itself to meet any mutually agreed deadlines and complete any tasks associated with the Services. To the extent
CompuCredit is to be responsible for any out-of-pocket costs or expenses associated with the Services, those costs or expenses must be within any budgetary guidelines mutually
agreed upon between CompuCredit and VSI. VSI and CompuCredit shall each notify the other promptly of any circumstances, when and as they arise, that may reasonably be anticipated to lead to a material
deviation from any mutually agreed deadlines associated with the Services.

        1.4    Restriction on Certain Conflicting Activities of VSI    

        (a)  During
the period set out below, no "VSI Affiliate" (as defined below) shall, except with CompuCredit's prior written consent, directly or indirectly, within the United
States: 

        (i)    provide
any services to or grant any licenses or rights to any Third Party that could reasonably be expected to impair or conflict with its responsibilities hereunder;
or 

3

 

        (ii)  provide
any services which are substantially similar to any component of the Services related to the Brain to or for any person or entity, other than CompuCredit, for
use in connection with the Business. 

Notwithstanding
anything else set forth herein, CompuCredit acknowledges that VSI Affiliates provide service bureau-type services to and for entities and persons other than CompuCredit
with respect to the Switch, and that the provision of such services by a VSI Affiliate shall not be deemed to violate this Section 1.4.

        (b)  The
term "VSI Affiliate," as used herein, shall refer to any of (i) VSI and its officers or directors (acting in
either their corporate or individual capacity), (ii) Eckstein, and (iii) any entities that Control, are Controlled by or are under common Control with VSI or Eckstein. As used in this
Agreement, the capitalized terms "Controls," "Control" or  "Controlled" means the possession, directly or
indirectly, of
the power to direct or cause the direction of management and policies of such person or entity, whether through the ownership of voting securities, by contract or otherwise. 

        (c)  The
obligations set forth in this Section 1.4 shall remain in full force and effect throughout the Term and for
two years thereafter; provided, however, that in the event the Initial Term is terminated early as a result of a material breach by CompuCredit or a termination by CompuCredit pursuant to
Section 7.1(a)(3) below, such obligations shall terminate upon the earlier of (i) two years after the early termination of the Initial Term, or (ii) the expiration of a period of
time after the early termination of the Initial Term equal to the actual duration of the Initial Term. 

        1.5    Use of Third Party Consultants or Developers    During the Term, except as
indicated in this Agreement or agreed to by CompuCredit, VSI shall not use any Third Party (as hereinafter defined) consultants or developers to furnish the Services; provided, however, that to the
extent that CompuCredit approves retention of a Third Party consultant or developer, such consultant or developer shall execute such confidentiality and other documents reasonably required by
CompuCredit. 

        1.6    Licenses    

        (a)  Subject
to the provisions of Section 1.6(d), below, VSI hereby grants CompuCredit a nonexclusive, nontransferable
(except as permitted under this Agreement) license to use, copy, execute, or display the Switch for internal use only during the Term,. 

        (b)  CompuCredit
grants VSI a nonexclusive, nontransferable license, during the Term, to use, copy, modify, execute, display, reproduce (in any medium including firmware) and
prepare derivative works of the Switch Criteria and the Brain, but only to the extent that is necessary or appropriate to provide the Services to CompuCredit. Any derivative work of the Brain or the
Switch Criteria will be considered "work made for hire" pursuant to 17 U.S.C. § 101 et seq. and will belong to CompuCredit. To the extent any derivative work does not constitute "work made
for hire," VSI hereby irrevocably and unconditionally assigns its entire right, title and interest (including, without limitation, trade secrets, patents and copyright interests) in derivative works
to CompuCredit. VSI's use of any derivative work will be subject to the same restrictions on use, reproduction and disclosure as are contained in this Agreement with respect to the Brain and the
Switch Criteria themselves. 

        (c)  Under
the terms of the license granted to it in Section 1.6(a) above, CompuCredit shall not be permitted to sell
or sublicense the Switch to any Third Party other than VSI or a VSI Affiliate; provided, however, that the license rights shall extend to any entities that Control CompuCredit, are Controlled by
CompuCredit or are under common Control with CompuCredit (collectively "CompuCredit Affiliates"), subject to the same use restrictions as are imposed on
CompuCredit by this Agreement; provided that CompuCredit shall (a) give VSI at least thirty (30) days prior written notice before allowing a CompuCredit Affiliate to use the Switch,
(b) require the CompuCredit Affiliate be bound to all use restrictions and confidentiality and other obligations in 

4

 

this Agreement, and (c) provide evidence of its fulfillment of the condition in Section 1.6(b) above upon VSI's request. CompuCredit and
the CompuCredit Affiliates shall be jointly and severally liable for all acts or omissions of CompuCredit or a CompuCredit Affiliate that results in a violation of this Agreement or damage to VSI as
if such acts or omissions were the acts or omissions of CompuCredit. Further, the license rights granted by VSI to CompuCredit in Section 1.6(a)
above may be transferred by CompuCredit in conjunction with an assignment of this Agreement to any Third Party that purchases all or substantially all of CompuCredit's assets or to the surviving
corporation in the event of a merger between CompuCredit, subject to Sections 1.8 and 8.6, provided the assignee or surviving corporation agrees to be
bound by the terms and conditions of this Agreement. 

        (d)  The
license granted by VSI to CompuCredit with respect to the Switch in Section 1.6(a) above shall continue in
perpetuity after the Term, unless the Term is terminated (A) by VSI for the material breach by CompuCredit pursuant to Sections 7.1(a)(i) or
(ii) below, or (B) by CompuCredit without cause pursuant to Section 7.1(a) or  Section 7.1(a)(iii) below. In the
event that the license granted in Section 1.6(a)
continues beyond the Term pursuant to the provisions of this Section 1.6(d), CompuCredit shall continue to comply with all restrictions and
confidentiality obligations applicable to the license and the Switch as set forth in this Agreement, and all representations, warranties, covenants or other obligations, including, without limitation,
indemnification obligations, of VSI with respect to the license or the Switch, shall terminate upon the termination of the Term; provided, however, that if any claim for indemnification pursuant to  Section 5.1(a)
arises during the Term, said claim shall continue for one year after the Term pursuant to  Section 5.1(g). 

        (e)  CompuCredit
may elect to purchase a perpetual, nonexclusive, non-transferable license to use the source code to the Switch (the
"Source Code") at a price equal to twenty (20) times the gross licensing fees received by VSI from licensing the Switch to persons or entities
other than CompuCredit during the one year period immediately preceding the event triggering such election, as defined below. CompuCredit may exercise its election within 60 days after:
(i) the death or incapacity of Eckstein, or (ii) a termination of the Term by CompuCredit pursuant to Section 7.1(a)(i) or  Section 7.1(a)(ii) as a result of a material breach by VSI. Eckstein shall be deemed incapacitated if he suffers from a physical or mental
condition that renders him incapable of continuing as an active employee or consultant to VSI for a period in excess of one hundred eighty (180) consecutive days. If CompuCredit timely elects
to purchase such license, then for so long as such license remains in effect, CompuCredit shall be entitled to use, copy and create derivative works of such Source Code only as necessary to support
and maintain the Switch; provided that any derivative works of the Source Code developed by CompuCredit pursuant to this Section shall be owned by VSI and any software compiled from the modified
Source Code shall nonetheless remain subject to the same restrictions on use, reproduction and disclosure as are contained in this Agreement with respect to the Switch itself. CompuCredit is otherwise
prohibited from permitting any Third Parties from accessing the Source Code or from disclosing, marketing or otherwise reselling or distributing such Source Code, whether modified or not modified. 

        1.7    Right of First Refusal    During the Term, VSI will not sell, transfer, divide,
convey or give away ownership of all or any portion of the Switch to a Third Party without first giving CompuCredit a right of first refusal (the "Right of First
Refusal") to acquire such items on terms and conditions substantially the same as those that would apply to the Third Party. VSI shall give CompuCredit at least thirty
(30) days to exercise its Right of First Refusal. Notwithstanding the foregoing, the Parties agree that
CompuCredit shall have no Right of First Refusal if any portion of the Switch is transferred by VSI to a wholly-owned subsidiary of VSI or to Mcap Partners II, LLC, a Georgia limited liability company
("Mcap"), in connection with an assignment of this Agreement by VSI permitted by  Section 8.6 hereof;
provided, however, that such subsidiary shall be subject to the terms of this Section with respect to any further transfers. 

5

 

        1.8    Processing Charges    In the event of an assignment or transfer by CompuCredit as
described in Section 8.6 below, VSI agrees not to charge the purchaser or the successor entity, as the case may be, any transaction fee for use
of the Switch or any other System component that is more than the lesser of $.20 per transaction or the lowest rate charged by VSI to any other party. Such rate shall be effective for one year after
the assignment of this Agreement. 

2.    Project Management and Meetings  

        2.1    Project Management    The contact person for CompuCredit shall be its Chief
Technology Officer, whose address, telephone and facsimile numbers are: 

One
Ravinia Drive, Suite 500

Atlanta, Georgia 30346

Telephone: (770) 206-6200

Facsimile: (770) 206-6181 

and
the contact person for VSI shall be Eckstein, whose address, telephone and facsimile numbers are: 

James
A. Eckstein

Visionary Systems, Inc.

550 Pharr Road

Suite 525

Atlanta, GA 30305

Telephone: (404) 504-9006

Facsimile: (404) 504-9020 

        2.2    Status Meetings    During the Term, the Parties will meet at mutually agreeable
times and locations to discuss matters related to the Services. This will include, at a minimum, quarterly meetings to establish budgetary guidelines and annual meetings to establish VSI's staffing
level for solicitation, screening, software development and maintenance, and other related services. 

        2.3    Project Site    During the Term, CompuCredit shall provide VSI, at no cost, with
mutually acceptable office space in CompuCredit's data-processing facilities (the "Project Site") and access to the System for VSI in order
to provide the Services. VSI will not be permitted to access the System from any location other than the Project Site, except under mutually agreed upon terms. CompuCredit shall have no responsibility
for compensating or providing any rights or benefits to any contractors, agents, employees or personnel of VSx or VSI other than any express obligations to Eckstein under this Agreement. 

        2.4    Staffing Levels    CompuCredit shall have the right to review the staffing, and
costs of staffing, of VSI's operational support services provided hereunder prior to any budgetary meeting between the Parties, and to request reasonable revision of the staffing levels and cost of
staffing for such services. VSI shall accommodate any reasonable request made by CompuCredit pursuant to this Section 2.4. 

        2.5    General    During the Term, CompuCredit shall cooperate and provide information
reasonably necessary for the timely completion of the Services. The Parties acknowledge that VSI's performance hereunder is contingent on CompuCredit's timely and effective performance of its
responsibilities and its timely decisions and approvals. To the extent required, CompuCredit shall be responsible for providing VSI with data, information, office space and support materials as
reasonably required by VSI to perform its duties hereunder. 

3.    Obligations of Eckstein and VSI  

        3.1    Services    Eckstein shall make himself available to CompuCredit for a mutually
agreeable period of time, which shall in no event be less than one (1) year from the Effective Date, to serve as a 

6

 

consultant to CompuCredit at a rate of $300 per working hour. Eckstein will be available to CompuCredit for this consulting work for at least forty hours per month. There will be no
carry-over of unused hours in one month to another month. 

        3.2    Guarantee    Without limiting the scope of his individual obligations or his
liability for the failure to perform such obligations, Eckstein hereby guarantees the full and complete performance by VSI and the VSI Affiliates (other than Eckstein) of each of their obligations
under Sections 1.4, 6.2, and 6.3(a)
of this Agreement, provided, however, that, except to the extent Eckstein is responsible, through his own intentional acts or omissions, for any such breach or violation, Eckstein shall only be
responsible for a material and intentional breach or violation by VSI or any VSI Affiliate under Sections 1.4; 6.2; and 6.3(a) of the Agreement. Except
to the extent Eckstein is responsible, through his own intentional acts or omissions, for any such breach or violation, Eckstein's liability pursuant to this Section is limited to the lesser of
CompuCredit's actual losses resulting from such material and intentional breach or violation by VSI or any VSI Affiliate or the amount actually paid by CompuCredit during the Term for the Services,
reduced, in either case, by any amounts received by CompuCredit from VSI for such breach. 

        3.3    Limitations on Transfers or Issuances of Shares    Eckstein and VSI agree that the
covenants set out in this Section 3.3 shall be applicable to them during the Term: 

        (a)  Except
as otherwise provided in this Agreement or as consented to by CompuCredit, Eckstein or persons or entities Controlled by Eckstein will continue to own a majority
of the outstanding voting shares of VSI; 

        (b)  Eckstein
will not sell any of his shares of VSI to any Third Party unless he first gives CompuCredit the right to purchase such shares for the same purchase price and on
the same terms; provided, however, Eckstein shall be entitled to transfer shares of VSI which he owns to his spouse, lineal descendants or a trust solely for his and/or their benefit or to persons or
entities Controlled by him or VSI, so long as such transferees agree in writing that VSI and such transferee shall continue to be bound by the provisions of this Agreement as if such shares were still
owned by Eckstein; 

        (c)  VSI
will not transfer, sell or issue any of its shares to any Third Party unless it first gives CompuCredit the right to purchase such shares for the same purchase price
and on the same terms; provided, however, (i) VSI shall be entitled to transfer, sell or issue its shares to persons or entities Controlled by it or Eckstein, so long as such transferees agree
in writing that VSI and such transferee shall continue to be bound by the provisions of this Agreement for the remainder of the Term as if such shares were owned by Eckstein, and (ii) VSI shall
be entitled to transfer up to twenty percent (20%) of its outstanding shares to its employees as restricted stock or pursuant to the exercise of stock options; and 

        (d)  VSI
will not transfer any of its material assets which are necessary for the performance of the Services to any Third Party unless it first gives CompuCredit the right
to purchase such assets for the same purchase price and on the same terms. 

        3.4    Compliance by VSI    During the Term, VSI will comply with all policies,
procedures and regulations required by Third Party data providers including, but not limited to, the Credit Bureaus.

4.    Compensation  

        4.1    Monthly Payments    On or before the tenth (10th) day of each
calendar month during the Term, CompuCredit shall pay VSI the following fees accrued in the previous month: (a) a per-hour fee for time spent by VSI personnel at rates set forth in  Exhibit A, (b) if approved in advance by CompuCredit pursuant to  Section 1.5, the fees of agents and contractors retained by VSI to perform the
 

7

 

Services during the preceding month, and (c) the per-transaction fees as set out in Sections 1.1(d) and (e) above. 

        4.2    Costs and Expenses    CompuCredit shall reimburse VSI for any documented,
necessary and reasonable travel, lodging or other out-of-pocket expense reasonably incurred by VSI solely in connection with performing the Services. CompuCredit must
pre-approve any single expense of VSI amounting to more than Five Hundred Dollars ($500) to the extent that VSI wishes to seek reimbursement for such amounts. VSI shall provide CompuCredit
with reasonable documentation to support and verify any expenses submitted for reimbursement pursuant to this Section. 

        4.3    Late Fees; Taxes    CompuCredit will pay VSI a late fee on all overdue amounts,
fees, expenses or other payments due from CompuCredit to VSI pursuant to this Agreement at the rate of one and one-half percent (11/2%) per month, or the maximum rate
allowable by law, whichever is less, commencing with the date payment was due. The payments referred to in the preceding sentence are net amounts due from CompuCredit to VSI, exclusive of all sales,
VAT, excise, ad valorem, and use taxes, (collectively, the "Taxes") CompuCredit shall be responsible for and shall pay directly, any and all Taxes
relating to the performance of this Agreement, provided that this paragraph shall not apply to taxes based solely on VSI's income. 

5.    Representations, Warranties and Indemnities  

        5.1    Representations and Warranties of VSI.    VSI hereby represents and warrants to
CompuCredit that: 

        (a)  The
Switch and work product to be used by VSI in connection with the Services, including all material, works, writing, ideas or dialogue written, submitted or
interpolated in and for the Switch or the Services, are VSI's original work or will be work acquired and owned by VSI (except for material in
the public domain). The Switch does not infringe upon or violate any Third Party Intellectual Property Right (as that term is defined below). 

        (b)  Neither
VSI's nor any VSI Affiliate's performance of its obligations under this Agreement will trigger or constitute a breach of any of its legal or contractual
obligations. 

        (c)  VSI
and each VSI Affiliate is fully authorized to enter into and fully perform its obligations under this Agreement. 

        (d)  At
the time it was delivered to CompuCredit, the Switch did not include (i) any software code that is designed to be capable of disabling or
self-limiting the program or other computer hardware or software, including, without limitation, locks, time bomb, and trap doors, (ii) any malicious software code that is designed
to cause damage to or deplete the resources of any computer hardware or software by self-duplicating, altering any files or otherwise, including, without limitation, viruses, Trojan
horses, worms, or (iii) any hidden communication capacity not reflected in the documentation. 

        (e)  VSI
covenants that during the Term, the Switch will accurately process not less than ninety-five percent (95%) of the transactions processed. For any month
during which the Switch fails to achieve that percentage of accuracy, CompuCredit will not be obligated to pay VSI the fees for the Services described in Sections 1.1(b), (c),
(d) and (e). 

        (f)    VSI
covenants that during the Term, it will perform the Solicitation Services accurately at least ninety-five percent (95%) of the time. For any month during
which the Solicitation Services are not performed to at least that degree of accuracy, CompuCredit will not be obligated to pay VSI the fee for the Solicitation Services. 

8

 

        (g)  VSI
covenants that during the Term, it will comply with CompuCredit's Vendor Minimum Standards set forth in  Exhibit C, as the same may be amended by CompuCredit, in its reasonable discretion from time
to time, in performing the services. 

        (h)  THE
LIMITED WARRANTIES STATED ABOVE ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, GIVEN BY VSI IN CONNECTION WITH THE SERVICES AND THE SWITCH, INCLUDING,
WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 

        (i)    Any
claims made under this Section 5.1 shall be made during the Term or within three (3) years thereafter. 

        5.2    Representations and Warranties of CompuCredit.    CompuCredit represents and
warrants to VSI and Eckstein that: 

        (a)  CompuCredit
owns or has acquired rights to all proprietary interests in the Switch Criteria and any data or other materials provided hereunder necessary to grant to VSI
the Intellectual Property Rights (as that term is defined below) set forth in this Agreement, and that provision of the Switch Criteria, data or other materials related thereto by CompuCredit or any
CompuCredit Affiliate to VSI does not and will not infringe or violate any Third Party Intellectual Property Right or other proprietary right of any Third Party, including rights of publicity and
privacy, or any foreign, federal, state or local law, rule or regulation. 

        (b)  Neither
CompuCredit's nor any CompuCredit Affiliate's performance of its obligations under this Agreement will trigger or constitute a breach of any legal or contractual
obligation of CompuCredit. 

        (c)  CompuCredit
(and each CompuCredit Affiliate) is fully authorized to enter into and fully perform its obligations under this Agreement. 

        (d)  CompuCredit
has purchased or licensed all the necessary third party computer hardware and software which may be required to develop and operate the System and VSI has
the right to use such third party hardware and software to which VSI will be given access hereunder. 

        (e)  Any
claims made under this Section 5.2 shall be made either during the Term or within three (3) years
thereafter. 

        5.3    Indemnifications    

        (a)  VSI
shall (i) indemnify and hold harmless CompuCredit, its officers, directors and CompuCredit Affiliates (collectively, the "CompuCredit
Parties") from and against any liability, cost, loss or expense of any kind (including but not limited to attorneys fees and court costs), and (ii) defend, through use
of legal counsel chosen by VSI, any suit or proceeding against a CompuCredit Party, in the case of both (i) and (ii), arising out of or based on any claim, demand or action alleging that the
Switch or any other product or item of intellectual property licensed or provided by VSI to CompuCredit pursuant to this Agreement ("VSI Intellectual
Property") infringes any Third Party Intellectual Property Right (as that term is defined below) or arising out of or based on any material breach by VSI of Section 5.1.
VSI
shall have no obligations hereunder to the extent that such claim, demand or action arises from or occurs as a result of: (i) the use of the product or item of VSI Intellectual Property by any
CompuCredit Party in combination with any other hardware, platform, device, program, software or other item unless VSI either (A) specifically recommended such combined use or (B) knew
or should have known that such combined use by CompuCredit was normal and customary under the circumstances; (ii) the failure of CompuCredit to implement changes, replacements, or new releases
recommended by VSI and made available to CompuCredit at no cost or a nominal cost, where such claim, demand or action would have been avoided by such changes, replacements or new releases; or
(iii) any modifications 

9

 

or changes made to the Switch by or at the specific instruction of CompuCredit. This Section 5.3(a) states the entire liability of VSI with
respect to infringement of any Third Party Intellectual Property Rights, and VSI shall have no additional liability with respect to any alleged or proven infringement. In addition, VSI shall not have
any liability under this Section 5.3 or otherwise to CompuCredit for any liability, cost, loss or expense of any kind arising out of or based on
any actual or alleged violation of the Fair Credit and Reporting Act ("FCRA") and the Gramm-Leach-Bliley Act
("GLBA"). 

        (b)  If
VSI is obligated to indemnify a CompuCredit Party pursuant to Section 5.3(a) above, or if VSI reasonably believes that it will become obligated to indemnify a
CompuCredit Party pursuant to Section 5.3(a) above, then VSI, at its own option and expense, shall take one of the following remedial actions: (i) procure for the CompuCredit Party the
right to continue using the infringing product or item of VSI Intellectual Property from the Third Party owning the Third Party Intellectual Property Right which is allegedly being infringed upon; or
(ii) replace the allegedly infringing product or item of VSI Intellectual Property with one that is not infringing, and which is the functional equivalent of the infringing product or item. In
the event that VSI is unable to achieve either of such remedial actions at a commercially reasonable cost, it shall allow CompuCredit to attempt to perform either of said remedial actions at VSI's
cost so long as such cost does not exceed the royalty or fee charged by any Third Party, from whom CompuCredit obtains such right, to other Third Parties. 

        (c)  CompuCredit
shall (i) indemnify and hold harmless VSI, its officers, directors and affiliated entities (collectively, the "VSI
Parties") from and against any liability, cost, loss or expense of any kind (including but not limited to attorneys fees and court costs), and (ii) defend, through use
of legal counsel chosen by CompuCredit, any suit or proceeding against a VSI Party, in the case of both (i) and (ii) arising out of or based on any claim, demand or action alleging any
violation of or otherwise relating to the FCRA or the GLBA. 

        (d)  CompuCredit
shall (i) indemnify and hold harmless the VSI Parties from and against any liability, cost, loss or expense of any kind (including but not limited to
attorneys fees and court costs), and (ii) defend, through use of legal counsel chosen by CompuCredit any suit or proceeding against a VSI Party, in the case of both (i) and (ii), arising
out of or based on any material breach by CompuCredit or any CompuCredit Affiliate of either Section 5.2 or  Section 8.9. 

        (e)  The
rights of a Party under this Section 5.3 to be indemnified as set forth herein shall be subject to all of the
following: (a) the Party to be indemnified (the "Indemnified Party") must notify the other
Party (the "Indemnifying Party") in writing promptly upon learning that such claim has been or may be asserted, (b) the Indemnifying Party shall
have sole control over the defense of such claim and any negotiations for the settlement or compromise thereof, unless any settlement could have a material adverse effect on the operations of the
other Party, in which case the consent of the other Party to such settlement shall be required, and (c) the Indemnified Party shall provide reasonable assistance and cooperation to the
Indemnifying Party to facilitate the settlement or defense of any such claim. 

        (f)    The
indemnification obligations set forth herein shall survive during the Term and for one (1) year thereafter. 

        5.4    Limitation of Liability    UNDER NO CIRCUMSTANCES SHALL ANY PARTY BE RESPONSIBLE
TO THE OTHER PARTY FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR INCURRED IN CONNECTION WITH THIS AGREEMENT OR ANY ACTS OR OMISSIONS ASSOCIATED THEREWITH OR RELATING
TO THE SERVICES OR THE SWITCH, REGARDLESS OF WHETHER SUCH CLAIM IS BASED ON BREACH OF WARRANTY, CONTRACT, TORT OR OTHER LEGAL THEORY AND REGARDLESS OF THE CAUSES OF SUCH LOSS OR DAMAGES OR WHETHER ANY 

10

 

OTHER REMEDY PROVIDED HEREIN FAILS, NOR SHALL A PARTY'S TOTAL LIABILITY TO THE OTHER (EXCLUDING THIRD-PARTY INDEMNITY LIABILITIES) EXCEED $1,000,000.00. The foregoing limitations of liability shall
not apply to breaches of Section 1.4, 1.6 or 6.2.

6.    Ownership and Proprietary Rights; Limited License Back  

        6.1    Ownership    

        (a)  For
purposes of this Agreement the term: (i) "Intellectual Property" means and includes (regardless of whether
capitalized or lower case) shall mean collectively (A) copyrights, copyright registrations or applications, trademarks (and the goodwill associated therewith), trademark registrations or
applications (and the goodwill associated therewith), moral rights, and any other rights to any form or medium of expression, (B) Trade Secrets (as defined in  Section 6.2(b)), privacy rights,
and any other protection for confidential information or ideas, (C) patents, patent registrations and
patent applications, and (D) any items, information or theories which are protectable or registrable under any other similar laws; (ii) "Intellectual Property
Rights" means and includes any rights of a person or entity in Intellectual Property; (iii) "Third Party" means any
person or entity which is not a Party; and (iv) "Third Party Intellectual Property Rights" means and refers to Intellectual Property Rights owned
by a Third Party, other than a VSI Affiliate or a CompuCredit Affiliate. 

        (b)  Subject
to all rights granted or applicable to VSI in this Agreement, the Parties acknowledge and agree that the Switch Criteria and all Intellectual Property Rights
associated therewith is currently owned and shall continue to be owned by CompuCredit. 

        (c)  Subject
to all rights granted or applicable to CompuCredit in this Agreement, the Parties acknowledge and agree that VSI owns and will, after the termination of this
Agreement, continue to own the Switch and all Intellectual Property associated therewith. 

        6.2    Non-Disclosure Covenant    

        (a)  Each
Party acknowledges that in the course of its performance of its duties under this Agreement and the Original Agreement it may be exposed to certain "Confidential
Information" and "Trade Secrets" (both as defined in paragraph (b) of this Section 6.2) of the other Party, and that its unauthorized use
or disclosure of such information or data could cause immediate and irreparable harm to the Party whose information is misused or disclosed. Accordingly, except to the extent that it is necessary to
use such information or data to perform its express obligations under this Agreement, no Party shall (and each Party shall take diligent measures to ensure that none of its employees, other personnel
or affiliates shall), without the express prior written consent of the other Party, disclose or divulge or use, modify or copy, directly or indirectly, in any way for any person or entity:
(i) any of another Party's Confidential Information during the Term and for three (3) years thereafter; and (ii) any of another Party's Trade Secrets at any time during which such
information shall constitute a Trade Secret. 

        (b)  For
purposes of this Agreement, "Confidential Information" means valuable and proprietary non-public business
information or data, other than Trade Secrets, and "Trade Secret" means information (including, but not limited to, confidential business information,
technical or non-technical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans, lists of
actual or potential customers or suppliers) of or about a Party that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by
proper means by, other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
Each Party agrees to use reasonable efforts to identify any information disclosed to the other as Confidential Information or Trade 

11

 

Secrets; provided, however, that failure to do so shall not eliminate or lessen the other Party's responsibilities or obligations hereunder. 

        6.3    Non-Interference Covenant    

        (a)  During
the Term and for a period of twelve (12) months thereafter, neither VSI, Eckstein nor any VSI Affiliate shall, without the written permission of
CompuCredit: (i) solicit any entity that VSI is aware is or has been a client or customer or an actively sought prospective client or customer of CompuCredit during the twelve months prior to
the end of this Agreement (a "CompuCredit Customer") for the purposes of providing the CompuCredit Customer or having the CompuCredit Customer provided
with services or products substantially similar to those offered by CompuCredit to such CompuCredit Customer; or (ii) solicit any employee, contractor or other personnel of CompuCredit to
terminate a contractual relationship with CompuCredit or to sever an affiliation with CompuCredit in order to affiliate with a CompuCredit Competitor; provided, however, that this  Section 6.3(a)
will no longer apply following any termination of this Agreement by VSI for cause pursuant to  Section 7.1(a)(i) or (ii). 

        (b)  During
the Term and for a period of twelve (12) months thereafter, CompuCredit shall not (i) solicit any person or entity that was a client or customer or
actively sought prospective client or customer of VSI during the twelve months prior to the end of the Agreement (a "VSI Customer") for the purposes of
providing the VSI Customer or having the VSI Customer provided with services or products substantially similar to those offered by VSI to such VSI Customer, or (ii) solicit any employee,
contractor or other personnel of VSI to terminate a contractual relationship with VSI or to sever an affiliation with VSI in order to affiliate with any CompuCredit Party, provided, however, that this  Section 6.3(b)
 will no longer apply following any termination of this Agreement by CompuCredit pursuant to  Section 7.1(a)(i) or (ii).
 

7.    Term and Termination  

        7.1    Term and Termination    

        (a)  The
term of this Agreement (the "Term") shall commence on the Effective Date and shall continue for a period of three
years ("Initial Term"). Thereafter, the Term shall continue until terminated as of the end of a calendar month by advance notice of at least thirty
(30) days by either Party to the other. Notwithstanding the foregoing, the Term may be terminated early upon the occurrence of any of the following events: 

        (i)    if
either Party materially breaches any of its obligations under this Agreement (other than its obligations under Sections 1.4, 6.2, or
6.3) and fails to cure such breach within thirty days after notice of such breach from the other Party, the other Party may terminate the Term immediately upon notice; 

        (ii)  in
the event of a material breach by either Party of its obligations under Sections 1.4, 6.2, or  6.3, immediately upon notice by the other Party; or

        (iii)  by
CompuCredit upon at least ninety (90) days prior written notice to VSI; provided, however, that CompuCredit shall not be entitled to a refund of any monies
paid hereunder in this case. 

        (b)  Upon
any termination of the Term, (i) CompuCredit shall promptly return all property of VSI to VSI, including but not limited to any Confidential Information and
Trade Secrets; (ii) VSI shall promptly return all such property of CompuCredit to CompuCredit; and (iii) CompuCredit shall promptly pay VSI for any Services performed up to the date of
such termination; provided, however, in the event that the Term is terminated as a result of a material breach by either party, 

12

 

this provision shall have no effect upon the other party's rights to damages or other relief as a result of such breach. 

        (c)  The
representations, warranties and covenants set out in Sections 5.1, 5.2 and 5.3 shall only survive the
termination of the Term for a period of three years. 

8.    Miscellaneous  

        8.1    Severability    If any provision in this Agreement or any application of those
provisions is found invalid, illegal or unenforceable in any respect, then the validity, legality and enforceability of the remaining provisions in this Agreement and any other applications of such
provision and the remaining provisions will not in any way be affected or impaired by such invalidity, illegality or unenforceability. 

        8.2    Choice of Law, Interpretation    The validity, construction, and enforcement of
this agreement, and the determination of the rights and duties of the Parties, will be governed by the laws of the State of Georgia (exclusive of any choice of law or other provision that would result
in the application of the laws of any other jurisdiction). 

        8.3    Notices    All notices and other communications required or permitted under this
Agreement will be in writing (including a facsimile) and will be deemed given when either delivered personally, via facsimile, or five days after being deposited in the United States mail, postage
prepaid and addressed as set forth in Section 2.1, or to such other address as each Party may designate in writing to the address set forth on
the signature page or any succession address specified by such Party to the other Parties in accordance herewith. 

        8.4    Amendments and Waiver    No amendment, change, or modification of this Agreement
or any of the terms, conditions or provisions hereof, and no waiver of a right, remedy, privilege or power, or discharge of an obligation or liability, conferred upon, vested in, or imposed upon any
Party under or pursuant to this Agreement, and no consent to any act or omission pertaining hereto will be effective unless embodied in a written instrument signed by both Parties. No failure to
exercise and no delay in exercising any right, remedy, privilege, or power under or pursuant to this Agreement will operate as a waiver thereof; nor will any single or partial exercise of any right,
remedy, privilege, or power provided for under or pursuant to this Agreement by either Party hereto preclude or limit such Party from any other or further exercise thereof or from pursuing any other
right, remedy, privilege, or power available pursuant to this Agreement, at law, in equity or otherwise. 

        8.5    Relationship between Parties    The Parties acknowledge that the Parties will
perform its obligations hereunder as independent contractors and not as joint venturers or partners or in any other capacity inconsistent with an independent contractor capacity. VSI's employees and
agents, if any, are not CompuCredit's employees or agents, and will have no authority to bind CompuCredit by contract or otherwise, and CompuCredit's employees and agents, if any, are not VSI's
employees or agents, and will have no authority to bind VSI by contract or otherwise Nothing contained herein will be construed as creating any agency, partnership, joint venture or other form of
joint enterprise among the Parties. 

        8.6    Assignment    Except as specifically permitted in this Agreement, neither Party
may assign any of its rights or delegate any of its duties under this Agreement to any Third Party without the prior written consent of the other Party. Notwithstanding the foregoing,
(A) CompuCredit shall not unreasonably withhold consent if VSI wishes to assign its rights under this Agreement to a wholly-owned subsidiary of VSI or Mcap in connection with a transfer of all
property (including all Intellectual Property) associated with the Switch to such subsidiary; and (B) VSI shall not unreasonably withhold consent if CompuCredit wishes to assign its rights
under this Agreement to a wholly-owned subsidiary of CompuCredit in connection with a transfer of all property (including all Intellectual Property) associated with the Brain and the Switch Criteria
to such subsidiary. Notwithstanding anything to the 

13

 

contrary contained in any Section of this Agreement, any transferee or assignee of all or any portion of any Party's rights hereunder must agree in writing to be bound by the terms of this Agreement. 

        8.7    Entire Agreement    This Agreement, together with any and all Exhibits and other
attachments attached to or associated with this Agreement (each of which is hereby incorporated by reference into the body of this Agreement), constitutes the entire agreement among the Parties with
respect to the subject matter hereof, and supersedes any prior statement or writing not a part of this Agreement or otherwise referenced in this Agreement, including, without limitation, the Original
Agreement, which agreement is hereby terminated in all respects, and no Party will be bound by any prior or contemporaneous representation, statement, promise, warranty, covenant, or agreement
pertaining thereto unless set forth or referred to in this Agreement. 

        8.8    Force Majeure    No Party shall be in default by reason of any failure in
performance, if such failure arises solely from causes beyond the reasonable control of the Party (notwithstanding the Party's taking
diligent steps to avoid the forces causing the failure to perform and to mitigate the adverse consequences to the other Party of such forces), including without limitation natural disasters, storms,
floods, hurricanes, tornadoes, other acts of God, strikes involving Third Parties, freight embargoes, acts or omissions of government authorities, lockouts, as to VSI only a failure of CompuCredit's
computer systems or another Party's untimely, inaccurate or inadequate performance of its obligations hereunder. 

        8.9    Export Compliance    To the extent that CompuCredit or a CompuCredit Affiliate is
permitted to export the Switch outside the U.S., CompuCredit shall be solely responsible for compliance with all applicable U.S. export laws, rules, and regulations. CompuCredit agrees to keep such
books and records and to take other actions as may be required by such applicable laws, rules, and regulations, and to comply with any applicable U.S. export laws, rules, and regulations. 

[Signatures Begin on Next Page]

14

 

        In Witness Whereof the Parties have set their hands and seals to this Agreement effective as of the Effective Date. 

	COMPUCREDIT CORPORATION	 	VISIONARY SYSTEMS, INC.
	

By:	

/s/  DAVID G. HANNA              (SEAL)	
 	

By:	

/s/  JAMES A. ECKSTEIN              (SEAL)
	 	
	 	 	

	Printed Name:	David G. Hanna	 	Printed Name:	James A. Eckstein
	 	
	 	 	

	Title:	Chairman and CEO	 	Title:	President and CEO
	 	
	 	 	

	
ECKSTEIN	
 	

VSx CORPORATION (indicating its

agreement to Section 8.7 hereof)
	

        /s/  JAMES A. ECKSTEIN              (SEAL)	
 	

By:	

        /s/  JAMES A. ECKSTEIN              (SEAL)
	
	 	 	

	James A. Eckstein	 	Printed Name:	James A. Eckstein
	 	 	 	 	

	 	 	 	Title:	President and CEO
	 	 	 	 	

15

QuickLinks

Exhibit 10.8a

AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]