EX-10.1



 Exhibit 10.1 

SIXTH AMENDMENT TO 
 LOAN
AND SECURITY AGREEMENT 
 THIS SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of
October 6, 2015, is entered into by and between MARLIN RECEIVABLES CORP., a Nevada corporation (“Borrower”), MARLIN LEASING CORPORATION, a Delaware corporation (“Originator” or
“Servicer”), and MARLIN BUSINESS SERVICES CORP., a Pennsylvania corporation (“Parent”), and WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company formerly known as Wells Fargo
Foothill, LLC (“Lender”). 
 W I T N E S S E T H: 

WHEREAS, pursuant to the Loan and Security Agreement dated as of October 9, 2009 (as amended or modified from time to time, the
“Existing Loan Agreement”) between Borrower, Servicer, Parent and Lender, Lender has committed to making loans and certain financial accommodations available to Borrower; and 

WHEREAS, the parties hereto have agreed to amend the Existing Loan Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the agreements herein contained and other good and valuable consideration, the parties hereby agree as
follows: 
 PART I 
 DEFINITIONS

 1.1 Certain Definitions. Unless otherwise defined herein or the context otherwise requires, the following term used in this
Amendment, including its preamble and recitals, has the following meaning: 
 “Amended Loan Agreement” means
the Existing Loan Agreement as amended hereby. 
 1.2 Other Definitions. Unless otherwise defined herein or the context otherwise
requires, terms used in this Amendment, including its preamble and recitals, have the meanings provided in the Amended Loan Agreement. 

PART II 
 AMENDMENT TO EXISTING
LOAN AGREEMENT 
 2.1 Amendment to Section 1. Section 1 of the Existing Loan Agreement is amended by deleting the
definition of “Commitment Termination Date” and replacing it with the following: 
 “Commitment
Termination Date” means the earliest of (a) February 4, 2016, (b) the date of the termination of this Agreement by Borrower in accordance with Section 3.6, and (c) the date of the termination of this Agreement by
Lender in accordance with Section 9.1 upon the occurrence and during the continuation of an Event of Default. 
 2.2 Amendment to
Section 3.4. Section 3.4 of the Existing Loan Agreement is amended by deleting such Section and replacing it with the following: 

3.4 Term. This Agreement shall continue in full force and effect for a term commencing on the Closing Date and
ending on February 4, 2016 (the “Maturity Date”). 







 
Notwithstanding the foregoing or any other provision of this Agreement or any other Loan Document, Lender’s obligations to make Advances (or otherwise extend credit) under this Agreement
shall terminate on the Commitment Termination Date. 
 2.3 Condition Subsequent. Each Loan Party hereby (a) agrees to cooperate
with Lender in order to enable Lender to conduct and complete such background checks and “know your customer” diligence with respect to Parent’s chief financial officer (W. Taylor Kamp) as Lender may deem necessary or appropriate, and
(b) acknowledges and agrees that, notwithstanding anything to the contrary set forth in the Loan Agreement or otherwise, it shall constitute an immediate Event of Default if Lender does not receive results of such background checks and
“know your customer” diligence that are reasonably satisfactory to Lender within 30 days after the date hereof (or if at any time Lender receives results of such background checks and “know your customer” diligence that are not
reasonably satisfactory to Lender). 
 PART III 

CONDITIONS TO EFFECTIVENESS OF PART II 

3.1 Sixth Amendment Effective Date. Part II of this Amendment shall be and become effective as of the date first set forth above,
subject to the conditions set forth in this Part III having been satisfied (it being understood and agreed that the remainder of this Amendment shall be effective upon the execution and delivery hereof by the parties hereto). 

3.2 Conditions to Effectiveness. The effectiveness of this Amendment is conditioned upon the satisfaction of the following conditions
precedent, in each case on terms reasonably acceptable to Lender: 
 (a) Lender shall have received two fully executed
counterparts of this Amendment; and 
 (b) the representations and warranties contained in Section 5 of the Existing
Loan Agreement (after giving effect to the amendments contained herein) are true and correct in all material respects, except to the extent any such representations or warranties refer back to a specific earlier date, and then only as of such date,
and no Default or Event of Default exists under the Existing Loan Agreement. 
 PART IV 

MISCELLANEOUS 
 4.1 No
Additional Obligations. Each Loan Party acknowledges and agrees that the execution, delivery and performance of this Amendment shall not create (nor shall any Loan Party rely upon the existence of or claim or assert that there exists) any
obligation of Lender to consider or agree to any other amendment of or waiver or consent with respect to the Amended Loan Agreement or any other instrument or agreement to which Lender is a party (collectively, an “Additional
Amendment” or “Consent”), and in the event that Lender subsequently agrees to consider any requested Additional Amendment or Consent, neither the existence of this Amendment nor any other conduct of the Lender related
hereto, shall be of any force or effect on the Lender’s consideration or decision with respect to any such requested Additional Amendment or Consent, and Lender shall not have any obligation whatsoever to consider or agree to any such
Additional Amendment or Consent. 

  
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 4.2 Waiver of Claims. In order to induce Lender to enter into this Amendment, each Loan
Party hereby releases, remises, acquits and forever discharges Lender and each of its employees, agents, representatives, consultants, attorneys, officers, directors, partners, fiduciaries, predecessors, successors and assigns, subsidiary
corporations, parent corporations and related corporate divisions (collectively, the “Released Parties”), from any and all actions, causes of action, judgments, executions, suits, debts, claims, demands, liabilities, damages and
expenses of any and every character, known or unknown, direct or indirect, at law or in equity, of whatever nature or kind, whether heretofore or hereafter arising, for or because of any manner of things done, omitted or suffered to be done by any
of the Released Parties prior to and including the date of execution hereof, and in any way directly or indirectly arising out of any or in any way connected to this Amendment, the Amended Loan Agreement or the other Loan Documents (collectively,
the “Released Matters”). Notwithstanding anything to the contrary in this Section 4.2, any and all actions, causes of action, judgments, executions, suits, debts, claims, demands, liabilities, damages and expenses, known or
unknown, direct or indirect, at law or in equity resulting from Lender’s gross negligence or willful or intentional misconduct shall not be included in the definition of Released Matters. Each Loan Party hereby acknowledges that the agreements
in this Section 4.2 are intended to be in full satisfaction of all or any alleged injuries or damages arising in connection with the Released Matters. Each Loan Party hereby represents and warrants to Lender that it has not purported to
transfer, assign or otherwise convey any right, title or interest of such Loan Party in any Released Matter to any other Person and that the foregoing constitutes a full and complete release of all Released Matters. 

4.3 Acknowledgments and Stipulations. In order to induce Lender to enter into this Amendment, each Loan Party acknowledges, stipulates
and agrees that (a) all of the Obligations are absolutely due and owing by such Loan Party to Lender without any defense, deduction, offset or counterclaim (and, to the extent such Loan Party had any defense, deduction, offset or counterclaim
on the date hereof, the same is hereby waived by such Loan Party); (b) the Loan Documents executed by such Loan Party are legal, valid and binding obligations of such Loan Party enforceable against such Loan Party in accordance with their
respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally; (c) the Liens granted by Borrower
to Lender in the Collateral are valid and duly perfected, first priority Liens, subject only to Permitted Liens; (d) each of the recitals contained at the beginning of this Amendment is true and correct; and (e) prior to executing this
Amendment, such Loan Party consulted with and had the benefit of advice of legal counsel of its own selection and has relied upon the advice of such counsel, and in no part upon the representation of Lender or any counsel to Lender concerning the
legal effects of this Amendment or any provision hereof. 
 4.4 Cross-References. References in this Amendment to any Part or are,
unless otherwise specified, to such Part or of this Amendment. 
 4.5 References in Other Credit Documents. At such time as this
Amendment shall become effective pursuant to the terms of Section 3.1, all references in the Existing Loan Agreement (including without limitation the Schedules thereto) to the “Agreement”, and all references in the other Loan
Documents to the “Loan Agreement” or “Loan and Security Agreement”, shall be deemed to refer to the Amended Loan Agreement. 

4.6 Representations and Warranties of Loan Parties. Each Loan Party hereby represents and warrants that (a) the representations
and warranties contained in Section 5 of the Existing Loan Agreement (after giving effect to the amendments contained herein) are correct in all material respects on and as of the date hereof as though made on and as of such date, except to the
extent any such representations or warranties refer back to a specific earlier date, and then only as of such date, and (b) no Default or Event of Default exists under the Existing Loan Agreement on and as of the date hereof. Without limitation
of the preceding sentence, each Loan Party hereby expressly re-affirms the validity, effectiveness and enforceability of each Loan Document to which it is a party (in each case, as the same may be modified by the terms of this Amendment). 

  
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 4.7 Counterparts. This Amendment may be executed in any number of counterparts each of
which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Amendment by telefacsimile (or in pdf or similar format via electronic
mail) shall be equally as effective as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile also shall deliver an original executed counterpart of this
Amendment but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment. 

4.8 Incorporation of Terms. THIS AMENDMENT SUPPLEMENTS, AND FORMS A PART OF, THE EXISTING LOAN AGREEMENT, BUT (FOR THE AVOIDANCE OF
DOUBT) THE PARTIES HERETO IN ANY EVENT SPECIFICALLY AGREE (WITHOUT LIMITATION OF THE FIRST PART OF THIS SENTENCE) THAT THE PROVISIONS OF SECTION 13 OF THE EXISTING LOAN AGREEMENT APPLY TO THIS AMENDMENT AS IF SUCH PROVISIONS WERE INCORPORATED
HEREIN. 
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 Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and
delivered as of the date first above written. 
  

			
	MARLIN RECEIVABLES CORP.,
	a Nevada corporation, as Borrower
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 MARLIN LEASING CORPORATION,

a Delaware corporation, as Servicer and a Guarantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 MARLIN BUSINESS SERVICES CORP.,

a Pennsylvania corporation, as Parent and a Guarantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 [Marlin Leasing –
Sixth Amendment] 








 
			
	WELLS FARGO CAPITAL FINANCE, LLC,
	a Delaware limited liability company, as Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 [Marlin Leasing –
Sixth Amendment]