Document:

Letter Agreement

 Exhibit 10.1 
 April 9, 2008 
 Krishnakumar Srinivasan 
 CompuCredit Corporation 
 Five Concourse Parkway, Suite 400 
 Atlanta, Georgia 30328 
 Dear KK: 
 In accordance with Section 18 of your Employment Agreement (the “Employment Agreement”), dated January 3, 2007, with CompuCredit Corporation (the “Company”), this letter amends the
provisions governing your target bonus for the 2008 fiscal year (the “2008 Target Bonus”) contained in Section 3(b) of the Employment Agreement. In lieu of the 2008 Target Bonus, the Company will grant you the stock option award
provided in Exhibit A hereto (the “Stock Option”). In addition, in the event that the Company pays any cash dividends prior to the expiration or earlier exercise of the Stock Option, you will be entitled to receive a cash bonus in
an amount equal to the product of the number of shares subject to the Stock Option at the time of such dividend payment multiplied by the per share amount of such dividend. 
 If the foregoing accurately reflects the agreement that we have reached, please sign a copy of this letter and return it to us. 
  

			
	CompuCredit Corporation
		
	By:	 	 /s/ David G. Hanna

	Name:	 	David G. Hanna
	Title:	 	Chief Executive Officer

 Accepted and agreed to as of the date first written above. 
  

	
	 /s/ Krishnakumar Srinivasan

	Krishnakumar Srinivasan

 Exhibit A 
 COMPUCREDIT CORPORATION 
 NONQUALIFIED STOCK OPTION 
 COMMON STOCK 
 (No Par Value) 

 STOCK OPTION PLAN: CompuCredit Corporation 2003 Stock Option Plan 
 OPTION FOR THE PURCHASE OF: 200,000 Shares 
 EXERCISE PRICE PER SHARE: $8.66 
 EFFECTIVE DATE OF GRANT: April 9, 2008 
 THIS OPTION AGREEMENT, made and entered into this 9th day of
April, 2008, by and between COMPUCREDIT CORPORATION, a Georgia corporation (“CompuCredit”), and Krishnakumar Srinivasan (the “Grantee”); 
 W I T N E S S E T H: 
 WHEREAS, the CompuCredit Corporation 2003 Stock Option Plan (the “Plan”)
has been adopted by CompuCredit; and 
 WHEREAS, Article II of the Plan authorizes the Compensation Committee (“Committee”) to
cause CompuCredit to enter into a written agreement with the Grantee setting forth the form and the amount of any award and any conditions and restrictions of the award imposed by the Plan and this Agreement; and 
 WHEREAS, the Committee desires to make an award to the Grantee consisting of a Nonqualified Stock Option. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, including that provided under any
non-compete or similar agreement, the receipt and sufficiency of which are hereby acknowledged, CompuCredit and the Grantee hereby agree as follows: 
 1.
General Definitions. Any capitalized terms herein shall have the meaning set forth in the Plan, and, in addition, for purposes of this Option Agreement, each of the following terms, when used herein, shall have the meaning set forth below:

 (a) “Cause” shall have the meaning assigned to such term in the employment agreement between the Grantee and CompuCredit.

 (b) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

 (c) “Common Stock” shall mean the common stock of CompuCredit, no par value per share.

 (d) “CompuCredit” shall mean CompuCredit Corporation. 
 (e) “Expiration Date” shall mean the date on which this Option expires pursuant to the provisions of paragraph 4 hereof. 
 (f) “Fair Market Value” of a share of Common Stock on a specified date shall mean: 
 (i) if the Common Stock is then traded on a national securities exchange, the closing price on such date of a share of the Common Stock
as traded on the largest securities exchange on which it is then traded; or 
 (ii) if the Common Stock is not then traded on
a national securities exchange, the average of the high and low prices for the Common Stock, as quoted on the Nasdaq National Market System (A) on such date, or (B) if no high and low prices are quoted on such date, then on the next
preceding date on which such prices are quoted; or 
 (iii) if the Common Stock is not then traded on a national securities
exchange or quoted on the Nasdaq National Market System, the value determined in good faith by the Committee. 
 (g) “Option” shall
mean the option evidenced by this Option Agreement, which is intended to be a “nonqualified stock option.” 
 (h) “Option
Price” shall mean the purchase price of each share of Common Stock that may be purchased by the Grantee upon the exercise of this Option, in whole or in part. The Option Price is set forth under “Exercise Price Per Share” on page 1 of
this Option Agreement as adjusted from time to time in accordance with the provisions hereof. 
 (i) “Vesting Date” shall occur on
the earlier of (i) January 1, 2010, provided that the Grantee is a full-time employee of CompuCredit (or one of its subsidiaries) on such date and (ii) the termination of Grantee’s employment by CompuCredit for any reason other
than for Cause (as defined in Grantee’s employment agreement) or by the Grantee for Good Reason (as defined in Grantee’s employment agreement). On the Vesting Date, the Stock Options shall become 100% vested. 
 2. Grant of Option. Upon the terms and subject to the conditions and limitations hereinafter set forth, the Grantee shall have the right, at any time after the
Vesting Date and on or before the Expiration Date, to purchase the number of shares of Common Stock set forth on page 1 of this Option Agreement and pursuant to the definition of Vesting Date, such number of shares and the Option Price being subject
to adjustment in accordance with the provisions set forth below and in accordance with the terms of the Plan. 
  

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 3. Manner of Exercise. Subject to the terms, conditions, and limitations set forth herein, this Option may be
exercised in whole or in part at any time or from time to time after the Exercise Date and on or before the Expiration Date as to any part of the number of whole shares of Common Stock then vested pursuant to the definition of Vesting Date and
available under this Option. Such exercise shall be effective only if the Grantee duly executes and delivers to CompuCredit, at the principal executive office of CompuCredit or at such other address as CompuCredit may designate by notice in writing
to the Grantee, an option exercise form substantially the same as that attached hereto as Exhibit A, indicating the number of shares of Common Stock to be purchased and accompanied by payment of the Option Price and any withholding amounts described
below. Payment of the Option Price and any such withholding amounts may be made (i) in cash or its equivalent, (ii) by tendering previously acquired shares of Common Stock having a Fair Market Value, at the time of exercise, equal to the
total Option Price (provided that the shares tendered shall have been held by the Grantee for at least six months prior to their tender); or (iii) through a cashless exercise procedure, as permitted under the Federal Reserve Board’s
Regulation T, subject to applicable securities law restrictions and which the Committee determines to be consistent with the Plan’s purpose and applicable law. 
 Upon any effective exercise of this Option, CompuCredit shall become obligated to issue a certificate or certificates to the Grantee representing the number of shares of Common Stock so purchased. Notwithstanding the
foregoing, no shares of Common Stock will be issued unless the Grantee (or his representative as the case may be) shall pay to CompuCredit or any affiliate, as applicable, such amount as CompuCredit or any affiliate may advise it is required under
applicable federal, state or local law to withhold and pay over to governmental taxing authorities by reason of the purchase of such shares of Common Stock pursuant to this Option. No fractional shares will be issued. 
 4. Expiration of Option. This Option shall expire, shall become null and void, and shall be of no further force and effect upon the earliest to occur of the
following events: 
 (a) Immediately upon the violation by the Grantee of a term or condition of any non-compete or similar such agreement
entered into between the Grantee and CompuCredit, regardless of whether such agreement otherwise is enforceable; 
 (b) Immediately upon the
dismissal of the Grantee from his employment with CompuCredit or any affiliate for Cause at any time (a transfer of the Grantee from CompuCredit to a subsidiary and vice versa shall not constitute a dismissal for these purposes); or 
 (c) Five years from the Date of Grant. 
 5. Exercise
Subject to Compliance with Securities Laws. Notwithstanding the exercise of this Option, in whole or in part, in accordance with all other provisions of this Option, CompuCredit shall have no obligation to honor such exercise and to issue Common
Stock pursuant thereto unless (a) the Grantee furnishes CompuCredit an agreement in such form as the Committee may specify in which the Grantee (or any person acting on his behalf) represents that the Common Stock acquired 

  

 3 

 
by him upon exercise are being acquired for investment and not with a view to the distribution thereof, or such other representations as may be required by
the Committee in accordance with the advice of legal counsel, unless the Committee shall have received advice from legal counsel that such representation is not required, and (b) such exercise and the issuance of the Common Stock does not
violate applicable securities law. 
 6. Adjustment of Option Price and Number of Shares That May be Purchased Hereunder. The Option Price and the
number of shares of Common Stock that may be purchased hereunder shall be subject to adjustment from time to time by the Committee in accordance with the terms of the Plan in the event of certain changes in the Common Stock or certain corporate
transactions affecting the number or value of the shares of Common Stock. 
 7. Notice of Adjustments. Upon the occurrence of any adjustment of the
Option Price, or any increase or decrease in the number of shares of Common Stock that may be purchased upon the exercise of this Option, then, and in each such case, CompuCredit, within 30 days thereafter, shall give written notice thereof to the
Grantee at the address of the Grantee as shown on the books of CompuCredit, which notice shall state the Option Price as adjusted and the increased or decreased number of shares that may be purchased upon the exercise of this Option, setting forth
in reasonable detail the method of calculation of each. 
 8. Assignment. This Option may not be transferred or assigned by the Grantee otherwise than
by will or by the laws of descent and distribution and, during the lifetime of the Grantee, may be exercised, in whole or in part, only by the Grantee; provided, however, subject to paragraph 4(c) hereof, in the event of the Grantee’s death or
disability, this Option may be exercised by his or her personal representative, heirs or legatees. 
 9. No Right to Continued Employment. This Option
does not confer upon the Grantee the right to continued employment with CompuCredit or any affiliate, nor shall it interfere with the right of CompuCredit or any affiliate to terminate his or her employment at any time. 
 10. Miscellaneous. 
 (a) CompuCredit covenants that it
will at all times reserve and keep available, solely for the purpose of issue upon the exercise of this Option, a sufficient number of shares of Common Stock to permit the exercise of this Option in full. 
 (b) The terms of this Option shall be binding upon and shall inure to the benefit of any successors or assigns of CompuCredit and of the Grantee.

 (c) The Grantee shall not be entitled to vote or to receive dividends with respect to any Common Stock that may be, but has not been,
purchased under this Option and shall not be deemed to be a shareholder of CompuCredit with respect to any such Common Stock for any purpose. 
 (d) This Option has been issued pursuant to the Plan and shall be subject to, and governed by, the terms and provisions thereof. The Grantee hereby agrees to be bound by all the terms and provisions of the Plan. In the event of any conflict
between the terms of the Plan and this Option Agreement, the provisions of the Plan shall govern. 
  

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 (e) This Option Agreement shall be governed by the laws of the State of Georgia. 
 IN WITNESS WHEREOF, CompuCredit and the Grantee have executed this Option Agreement as of the day and year first above written. 
  

			
	COMPUCREDIT CORPORATION
		
	By:	 	  

	Its:	 	Chief Executive Officer
	
	GRANTEE:
	
	  

  

 5Overriding Royalty Interest Agreement

 EXHIBIT 10.1 
 CORRECTED ASSIGNMENT OF OVERRIDING ROYALTY INTEREST: 
 ARTHUR B. LEY TO MINING OIL, INC.,

 JEFFERSON DAVIS PARISH: LEJEUNE 
  

			
	 STATE OF LOUISIANA
	 	§
		 	§
	 JEFFERSON DAVIS PARISH
	 	§

 THIS CORRECTED ASSIGNMENT OF OVERRIDING
ROYALTY INTEREST (“Assignment”) is made this 14TH day of February, 2008 (but effective as of December 1, 2007), by and
between ARTHUR B. LEY, whose address is 2323 Long Reach Dr., number 11103, Sugarland, Texas 77478, hereinafter referred to as “Assignor”, and MINING OIL, INC. a Texas corporation hereinafter referred to as
“Assignee”, whose address is 1001 Fannin, Suite 270, Houston, Texas 77002. 
 W I T
N E S S E T H: 
 For and in consideration of Ten and No/100 Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor does hereby GRANT, BARGAIN, SELL, ASSIGN, TRANSFER, CONVEY, AND DELIVER unto Assignee, its successors and assigns, all his right, title and interest in and
to all overriding royalty interests with respect to oil, gas, and other minerals referenced in the following two Assignments of Overriding Royalty Interest covering lands located in Jefferson Davis Parish, Louisiana (the “Lands”):

  

	 	 1.
	 ASSIGNMENT OF OVERRIDING ROYALTY INTEREST (a copy of which is attached as Exhibit A hereto) filed of record in Jefferson
Davis Parish, Louisiana, at volume 616328, page 452 of the real property records therein, and executed on or about December 7, 2005, by Jordan Oil Company, Inc. as Assignor, assigning to Arthur B. Ley an overriding royalty interest of 2.00% of
8/8th of the minerals recovered under the Oil and Gas Lease dated January 13, 2005 by and between Marzia Anne LeJeune Guillory and others as
Lessors, and Jordan Oil Company, Inc. as Lessee; and 

  

	 	 2.
	 ASSIGNMENT OF OVERRIDING ROYALTY INTEREST (a copy of which is attached as Exhibit B hereto) filed of record in Jefferson
Davis Parish, Louisiana, at volume 623995, page 738 of the real property records therein, and executed on or about November 13, 2006, by Jordan Oil Company, Inc. as Assignor, assigning to Arthur B. Ley an overriding royalty interest of
0.333333% of 8/8th of the minerals recovered under the Oil and Gas Lease dated January 13, 2005 by and between Marzia Anne LeJeune Guillory and
others as Lessors, and Jordan Oil Company, Inc. as Lessee. 

 Assignment of Overriding Royalty 
 Page 1 
  

 Assignor warrants that the Override is conveyed free and clear of all liens and encumbrances. Further,
Assignor covenants that he has full right, power, and authority to assign the Override to Assignee. Assignor assigns the Override to Assignee with a limited warranty of title for claims arising by, through and under Assignor, but not otherwise. By
this assignment Assignor includes and assigns all the rights and privileges owned by Assignor under Exhibits A and B hereto. 
 The terms and
provisions of this Assignment shall inure to the benefit of Assignor and Assignee and to their heirs, legal representatives, successors, and/or assigns. 
 This Assignment is executed as of the date first set forth above, but shall be effective for all purposes as of December 1, 2007. 
  

	
	ARTHUR B. LEY, “Assignor”
	
	/s/ Arthur B. Ley
	Arthur B. Ley

  

			
	 STATE OF TEXAS
	 	§
	 COUNTY OF HARRIS
	 	§

 The foregoing instrument was acknowledged
before me this 14th day of February, 2008, by Arthur B. Ley, an individual resident of Harris County, Texas. 
 Witness my hand and official seal: 
  

	
	
	/s/ Ada Ivana Ferrer
	 Notary Public in and for the

	 State of Texas

 Assignment of Overriding Royalty 
 Page 2

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