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Exemplars get *nothing* of value for doing it. Risk does NOT equal reward here... we're still at risk.
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Well, if you're a badge hunter, there's a great advantage to being an examplar. Not only can you get any of the mission badges you missed, but also work on the kill 100 badges. Of course, being able to do the task forces you missed will also come into play eventually.
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If no debt, I get "low-level" xp converted to Influence.
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If you have debt, you pay it off 100% as if you were killing mobs at your level, not the lower level character. If you have no debt, you get influence as if you were killing mobs at your level. Exp and Influence aren't lowered to the other persons level.