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Exhibit
10.15(c)
FIRST
AMENDMENT
TO THE AMENDED AND
RESTATED RECEIVABLES PURCHASE AGREEMENT
This First Amendment to the
Amended and Restated Receivables Purchase Agreement (“
Amendment ”) is executed as of this 12th day of
December, 2007, by and between COMPUCREDIT CORPORATION, a Georgia
corporation (“ CompuCredit ”), and COMPUCREDIT
FUNDING CORP. III, a Nevada corporation (“ CFC
”).
WITNESSETH:
WHEREAS, CompuCredit and CFC
executed the Amended and Restated Receivables Purchase Agreement,
dated as of January 3, 2005, as amended and restated as of
March 10, 2006 (as amended, the “ Agreement
”); and
WHEREAS, the parties hereto
have agreed to amend the Agreement on the terms and conditions
hereinafter set forth:
NOW, THEREFORE, the parties
hereto agree as follows:
SECTION 1.
Amendment
1.1 Section 9.01
. Section 9.01 is hereby amended by deleting that paragraph in
its entirety and substituting the following paragraph in its
place:
This Agreement and the rights
and obligations of the parties hereunder may not be changed orally,
but only by an instrument in writing signed by CFC and CompuCredit
in accordance with this Section 9.01 . This Agreement
may be amended from time to time by CFC and CompuCredit (i) to
cure any ambiguity, (ii) to correct or supplement any
provisions herein which may be inconsistent with any other
provisions herein, (iii) to add any other provisions with
respect to matters or questions arising under this Agreement which
shall not be inconsistent with the provisions of this Agreement,
(iv) to change or modify the Purchase Price and (v) to
change, modify, delete or add any other obligation of CompuCredit
or CFC. Any reconveyance executed in accordance with the provisions
hereof shall not be considered to be an amendment to this
Agreement. Additionally, the amendment provisions set forth in this
Section 9.01 shall not apply to delete and substitute a new
Schedule I provided that CompuCredit delivers notice of such
substitution to CFC on or prior to the effective date of such
substitution.
1.2 Schedule I to the
Agreement . The curre
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