MEMBERSHIP INTEREST PURCHASE AGREEMENT BY AND AMONG NEWTEK BUSINESS SERVICES CORP., NEWTEK BUSINESS SERVICES HOLDCO 1, INC., PREMIER PAYMENTS LLC AND JEFFREY RUBIN JULY 23, 2015Membership Interest Purchase Agreement • July 29th, 2015 • Newtek Business Services Corp. • New York
THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”) is dated as of July 23, 2015, by and among Newtek Business Services Corp., a Maryland corporation (“Newtek”), Newtek Business Services Holdco 1, Inc., a New York corporation and wholly-owned subsidiary of Newtek (the “Purchaser”), Premier Payments LLC, a New York limited liability company (the “Company”), and Jeffrey Rubin, an individual and owner of all of the membership interests of the Company (the “Seller” or “Rubin”). Each of Newtek, Purchaser, Company and Seller may be individually referred to herein as a “Party” and collectively referred to herein as the “Parties.”
