870,000 Shares Marlin Business Services Corp. Common Stock PURCHASE AGREEMENTPurchase Agreement • November 17th, 2006 • Marlin Business Services Corp • Services-equipment rental & leasing, nec • New York
The shareholders of Marlin Business Services Corp., a Pennsylvania corporation (the “Company”) listed on Schedule I hereto (the “Selling Shareholders”) propose, subject to the terms and conditions contained herein, to sell to Piper Jaffray & Co. (the “Underwriter”) an aggregate of 870,000 shares (the “Firm Shares”) of common stock, par value $.01 per share (the “Common Stock”), of the Company in the respective amounts set forth on Schedule I hereto. The Selling Shareholders have also granted the Underwriter an option to purchase up to 130,000 additional shares on the terms and for the purposes set forth in Section 4 (the “Option Shares”) in the respective amounts set forth on Schedule I hereto. The Firm Shares and the Option Shares purchased pursuant to this Agreement are herein collectively referred to as the “Securities”.
