X0306 4 2017-09-25 0 0001641614 CPI Card Group Inc. PMTS 0001693376 Etzkorn Lillian C/O CPI CARD GROUP INC. 10026 W. SAN JUAN WAY, SUITE 200 LITTLETON CO 80127 0 1 0 0 Chief Financial Officer Stock Option (Right to Buy) 1.05 2017-09-25 4 A 0 125000 0 A 2018-09-25 2027-09-25 Common Stock 125000 125000 D The grant of 55,310 options is contingent upon receipt and effectiveness of approval by the Company's stockholders of an amendment to the CPI Card Group Inc. Omnibus Incentive Plan to, among other things, increase the number of shares available for issuance thereunder. Date at which first vesting occurs is indicated. One-third (1/3) of the original options awarded will vest on each of the first, second and third anniversaries of the September 25, 2017 award date. /s/ Lisa Jacoba, by Power of Attorney 2017-09-27