Document:

Exhibit 10.2

    AMENDED
      STOCK OPTION PLAN OF

    LANGUAGE
      ACCESS NETWORK, INC. 

    A
      Nevada Corporation

    

    

    1.
      Purpose
      of the Plan

    

    The
      purpose of this Plan is to strengthen Language Access Network, inc. (hereinafter
      the “Company”) by providing incentive stock options as a means to attract,
      retain and motivate key corporate personnel, through ownership of stock of
      the
      Company, and to attract individuals of outstanding ability to render services
      to
      and enter the employment of the Company or its subsidiaries.

    

    2.
      Types of Stock Options

    

    There
      shall be two types of Stock Options (referred to herein as “Options” without
      distinction between such different types) that may b e granted under this Plan:
      (1) Options intended to qualify as Incentive Stock Options under Section 422
      of
      the Internal Revenue code (“Qualified Stock Options”), and (2) Options not
      specifically authorized or qualified for favorable income tax treatment under
      the Internal Revenue Code (“Non-Qualified Stock Options”).

    

    3.
      Definitions

    

    The
      following definitions are applicable to the Plan:

    

    (a)
      Board.
      The
      Board of Directors of the Company.

    

    (b)
      Code.
      The
      Internal Revenue Code of 1986, as amended from time to time.

    

    (c)
      Common
      Stock.
      The
      shares of Common Stock of the Company.

    

    (d)
      Company.
      Language Access Network, Inc., a Nevada corporation.

    

    (e)
      Consultant.
      An
      individual or entity that renders professional services to the Company as
      an

    independent
      contractor and is not an employee or under the direct supervision and control
      of
      the 

    Company.

    

    (f)
      Disabled
      or Disability.
      For the
      purposes of Section 7, a disability of the type defined in Section 22(e)(3)
      of the Code. The determination of whether an individual is Disabled or has
      a
      Disability is determined under procedures established by the Plan Administrator
      for purposes of the Plan.

    

    (g)
      Fair
      Market Value.
      For
      purposes of the Plan, the ‘fair market value” per share of Common Stock
      of
      the Company at any date shall be: (a) if the Common Stock is listed on an
      established stock exchange or exchanges or the NASDAQ National Market, the
      closing price per share on the last trading day immediately preceding such
      date
      on the principal exchange on which it is traded or as reported by NASDAQ; or
      (b)
      if the Common Stock is not then listed on an exchange or the NASDAQ national
      market, but is quoted on the NASDAQ Small Cap Market, the NASDAQ 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    electronic
      bulletin board or the National Quotation Bureau pink sheets, the average of
      the
      closing bid and asked prices per share for the Common Stock as quoted by NASDAQ
      or the National Quotation Bureau, as the case may be, on the last trading day
      immediately preceding such date; or (c) if the Common Stock is not then listed
      on an exchange or the NASDAQ National Market, or quoted by NASDAQ or the
      National Quotation Bureau, an amount determined in good faith by the Plan
      Administrator.

    

    (h)
      Incentive
      Stock Option.
      Any
      Stock Option intended to be and designated as an “incentive 

    stock
      option” within the meaning of Section 422 of the Code.

    

    (i)
      Non-Qualified
      Stock Option.
      Any
      Stock Option that is not an Incentive Stock Option.

    

    (j)
      Optionee.
      The
      recipient of a Stock Option.

    

    (k)
      Plan
      Administrator.
      The
      board or the Committee designated by the Board pursuant to Section 4

    to
      administer and interpret the terms of the Plan.

    

    (l)
      Stock
      Option.
      Any
      option to purchase shares of Common Stock granted pursuant to Section
      7.

    

    4.
      Administration of the Plan

    

    This
      Plan
      shall be administered by a “Compensation Committee” or “Plan Administrator”
composed of members selected by, and serving at the pleasure of, the Board
      of
      Directors. Subject to the provisions of the Plan, the Plan Administrator shall
      have authority to construe and interpret the Plan, to promulgate, amend, and
      rescind rules and regulations relating to its administration, to select, from
      time to time, among the eligible employees and non-employee consultants (as
      determined pursuant to Section 5) of the Company and its subsidiaries those
      employees and consultants to whom Stock Options will be granted, to determine
      the duration and manner of the grant of the Options, to determine the exercise
      price, the number of shares and other terms covered by the Stock Options, to
      determine the duration and purpose of leaves of absence which may be granted
      to
      Stock Option holders without constituting termination of their employment for
      purposes of the Plan, and to make all of the determinations necessary or
      advisable for administration of the Plan. The interpretation and construction
      by
      the Plan Administrator of any provision of the Plan, or of any agreement issued
      and executed under the Plan, shall be final and binding upon all parties. No
      member of the committee or Board shall be liable for any action or determination
      undertaken or made in good faith with respect to the Plan or any agreement
      executed pursuant to the Plan.

    

    All
      of
      the members of the committee shall be persons who, in the opinion of counsel
      to
      the Company, are outside directors and “non-employee directors” within the
      meaning of Rule 16b-3(b)(3)(i) promulgated by the Securities and Exchange
      Commission. From time to time, the Board may increase or decrease the size
      of
      the Committee, and add additional members to, or remove members from, the
      Committee. The Committee shall act pursuant to a majority vote, or the written
      consent of a majority of its members, and minutes shall be kept of all of its
      meetings and copies thereof shall be provided to the Board. Subject to the
      provisions of the Plan and the directions of the Board, the Committee may
      establish and follow such rules and regulations for the conduct of its business
      as it may deem advisable.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    At
      the
      option of the Board, the entire Board of Directors of the Company may act as
      the
      Plan Administrator during such periods of time as all members of the Board
      are
“outside directors” as defined in Prop. Treas. Regs. §1.162-27(e)(3), except
      that this requirement shall not apply during any period of time prior to the
      date the Company’s Common Stock becomes registered pursuant to Section 12 of the
      Securities and Exchange Act of 1934, as amended.

    

    5.
      Grant of Options

    

    The
      Company is hereby authorized to grant Incentive Stock Options as defined in
      Section 422 of the Code to any employee or director (including any officer
      or
      director who is an employee) of the Company, or of any of its subsidiaries;
      provided, however, that no person who owns stock possessing more than 10% of
      the
      total combined voting power of all classes of stock of the Company, or any
      of
      its parent or subsidiary corporations, shall be eligible to receive an Incentive
      Stock Option under the Plan unless at the time such Incentive Stock Option
      is
      granted the Option price is at least 110% of the fair market value of the shares
      subject to the Option, and such Option by its terms is not exercisable after
      the
      expiration of five years from the date such Option is granted.

    

    An
      employee may receive more than one Option under the Plan. Non-Employee Directors
      shall be eligible to receive Non-Qualified Stock Options at the discretion
      of
      the Plan Administrator. In addition, Non-Qualified Stock Options may be granted
      to Consultants who are selected by the Plan Administrator.

    

    6.
      Stock Subject to Plan

    

    The
      stock
      available for grant of Options under the Plan shall be shares of the Company’s
      authorized but un-issued, or reacquired, Common Stock. The aggregate number
      of
      shares that may be issued pursuant to exercise of Options granted under the
      Plan, as amended, shall not exceed 2,500,000 shares of Common Stock (subject
      to
      adjustment as provided herein), including shares previously issued under the
      Plan. The maximum number of shares for which an Option may be granted to any
      Optionee during any calendar year shall not exceed 500,000 shares. In the event
      that any outstanding Option under the Plan for any reason expires or is
      terminated, the shares of Common Stock allocable to the unexercised portion
      of
      the Option shall again be available for Options under the Plan as if no Option
      had been granted with regard to such shares. 

    

    7.
      Terms and Conditions of Options

    

    Options
      granted under the Plan shall be evidenced by agreements (which need not be
      identical) in such form and containing such provisions that are consistent
      with
      the Plan as the Plan Administrator shall from time to time approve. Such
      agreements may incorporate all or any of the terms hereof by reference and
      shall
      comply with and be subject to the following terms and conditions:

    

    (a)
      Number
      of Shares.
      Each
      Option agreement shall specify the number of shares subject to the Option.

    

    (b)
      Option
      Price.
      The
      purchase price for the shares subject to any Option shall be determined by
      the

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Plan
      Administrator at the time of the grant, but shall not be less than 85% of Fair
      Market Value per share. Anything to the contrary notwithstanding, the purchase
      price for the shares subject to any Incentive Stock Option shall not be less
      than 100% of the Fair Market Value of the shares of Common Stock of the Company
      on the date the Stock Option is granted. In the case of any Option granted
      to an
      employee who owns stock possessing more than 10% of the total combined voting
      power of all classes of stock of the Company, or any of its parent or subsidiary
      corporations, the Option price shall not be less than 110% of the Fair Market
      Value per share of the Common Stock of the Company on the date the Option is
      granted. For purposes of determining the stock ownership of an employee, the
      attribution rules of Section 424(d) of the Code shall apply.

     

    
      	(c)  	
              Notice
                and Payment.
                Any exercisable portion of a Stock Option may be exercised only by:
                (a)
                delivery of a written notice to the Company prior to the time when
                such
                Stock Option becomes un-exercisable herein, stating the number of
                shares
                being purchased and complying with all applicable rules established
                by the
                Plan Administrator; (b) payment in full of the exercise price of
                such
                Option by, as applicable, delivery of: (i) cash or check for an amount
                equal to the aggregate Stock Option exercise price for the number
                of
                shares being purchased, (ii) in the discretion of the Plan Administrator,
                upon such terms as the Plan Administrator shall approve, a copy of
                instructions to a broker directing such broker to sell the Common
                Stock
                for which such Option is exercised, and to remit to the Company the
                aggregate exercise price of such Stock Option (a “cashless exercise”), or
                (iii) at the discretion of the Plan Administrator, upon such terms
                as the
                Plan Administrator shall approve, shares of the Company’s Common Stock
                owned by the Optionee, duly endorsed for transfer to the Company,
                with a
                Fair Market Value on the date of delivery equal to the aggregate
                purchase
                price of the shares with respect to which such Stock Option or portion
                is
                thereby exercised ( a “stock-for-stock exercise”); (c) payment of the
                amount of tax required to be withheld (if any) by the Company, or
                any
                parent or subsidiary corporation as a result of the exercise of a
                Stock
                Option. At the discretion of the Plan Administrator, upon such terms
                as
                the Plan Administrator shall approve, the Optionee may pay all or
                a
                portion of the tax withholding by: (i) cash or check payable to the
                Company, (ii) a cashless exercise, (iii) a stock-for-stock exercise,
                or
                (iv) a combination of one or more of the foregoing payment methods;
                and
                (d) delivery of a written notice to the Company requesting that the
                Company direct the transfer agent to issue to the Optionee (or his
                designee) a certificate for the number of shares of Common Stock
                for which
                the Option was exercised or, in the case of a cashless exercise,
                for any
                shares that were not sold in the cashless exercise. Notwithstanding
                the
                foregoing, the Company, in its sole discretion, may extend and maintain,
                or manage for the extension and maintenance of credit to any Optionee
                to
                finance the Optionee’s purchase of shares pursuant to the exercise of any
                Stock Option, on such terms as may be approved by the Plan Administrator,
                subject to applicable regulations of the Federal Reserve Board and
                any
                other laws or regulations in effect at the time such credit is
                extended.

            

    

     

    
      	(d)  	
              Terms
                of Option.
                No
                Option shall be exercisable after the expiration of the earliest
                of: (a)
                five years after the date the Option is granted, (b) three months
                after
                the date the Optionee’s employment with the Company and its subsidiaries
                terminates, or a Non-Employee Director or Consultant ceases to provide
                services to the Company, if such termination or cessation is for
                any
                reason other than Disability or death, (c) one year after the date
                the
                Optionee’s employment with the Company, and its subsidiaries, terminates,
                or a Non-Employee Director or Consultant ceases to provide services
                to the
                Company, if such termination or cessation is a

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    
      	  	
              
                result
                  of death or Disability; provided, however, that the Option agreement
                  for
                  any Option may provide for shorter periods in each of the foregoing
                  instances. In the case of an Incentive Stock Option granted to
                  an employee
                  who owns stock possessing more than 10% of the total combined voting
                  power
                  of all classes of stock of the Company, or any of its parent or
                  subsidiary
                  corporations, the term set forth in (a) above shall not be more
                  than five
                  years after the date the Option is
                  granted.

              

            

    

     

    
      	(e)  	
              Exercise
                of an Option.
                No
                Option shall be exercisable during the lifetime of the Optionee by
                any
                person other than the Optionee. Subject to the foregoing, the Plan
                Administrator shall have the power to set the time or times within
                which
                each Option shall be exercisable and to accelerate the time or times
                of
                exercise. Unless otherwise provided by the Plan Administrator, each
                Option
                granted under the Plan shall become exercisable on a cumulative basis
                as
                to one-third (1/3) of the total number of shares covered thereby
                at any
                time after one year from the date the Option is granted and an additional
                one-third (1/3) of such total number of shares at any time after
                the end
                of each consecutive one-year period thereafter until the Option has
                become
                exercisable as to all of such total number of shares. To the extent
                that
                an Optionee has the right to exercise an Option and purchase shares
                pursuant hereto, the Option may be exercised from time to time by
                written
                notice to the Company, stating the number of shares being purchased
                and
                accompanied by payment in full of the exercise price for such
                shares.

            

    

    

    
      	(f)  	
              No
                Transfer of Option. No
                Option shall be transferable by an Optionee otherwise than by will
                or the
                laws of descent and distribution.

            

    

    

    
      	(g)  	
              Limit
                on Incentive Stock Option.
                The aggregate Fair Market Value (determined at the time the Option
                is
                granted) of the stock with respect to which an Incentive Stock Option
                is
                granted and exercisable for the first time by an Optionee during
                any
                calendar year (under all Incentive Stock Option plans of the Company
                and
                its subsidiaries) shall not exceed $100,000. To the extent the aggregate
                Fair Market Value (determined at the time the Stock Option is granted)
                of
                the Common Stock with respect to which Incentive Stock Options are
                exercisable for the first time by an Optionee during any calendar
                year
                (under all Incentive Stock Option plans of the Company and any parent
                or
                subsidiary corporations) exceeds $100,000, such Stock Options shall
                be
                treated as Non-Qualified Stock Options. The determination of which
                Stock
                Options shall be treated as Non-Qualified Stock Options shall be
                made by
                taking Stock Options into account in the order in which they were
                granted.

            

    

    

    
      	(h)  	
              Restriction
                on Issuance of Shares.
                The issuance of Options and shares shall be subject to compliance
                with all
                of the applicable requirements of law with respect to the issuance
                and
                sale of securities, including, without limitation, any required
                qualification under state securities laws. If an Optionee acquires
                shares
                of Common Stock pursuant to the exercise of an Option, the Plan
                Administrator, in its sole discretion, may require as a condition
                of
                issuance of shares covered by the Option that the shares of Common
                Stock
                be subject to restrictions on transfer. The Company may place a legend
                on
                the share certificates reflecting the fact that they are subject
                to
                restrictions on transfer pursuant to the terms of this Section. In
                addition, the Optionee may be required to execute a buy-sell agreement
                in
                favor of the Company or its designee with respect to all or any of
                the
                shares so acquired. In such event, the terms of any such agreement
                shall
                apply to the optioned shares.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	(i)  	
              Investment
                Representation.  Any
                Optionee may be required, as a condition of issuance of shares covered
                by
                his or her Option, to represent that the shares be acquired pursuant
                to
                exercise will be acquired for investment and without a view toward
                distribution thereof, and in such case, the Company may place a legend
                on
                the share certificate(s) evidencing the fact that they were acquired
                for
                investment and cannot be sold or transferred unless registered under
                the
                Securities Act of 1933, as amended, or unless counsel for the Company
                is
                satisfied that the circumstances of the proposed transfer do not
                require
                such registration.

            

    

    

    
      	(j)  	
              Rights
                as a Shareholder or Employee.
                An
                Optionee or transferee of an Option shall have no right as a stockholder
                of the Company with respect to any shares covered by an Option until
                the
                date of the issuance of a share certificate for such shares. No adjustment
                shall be made for dividends (ordinary or extraordinary, whether cash,
                securities, or other property), or distributions or other rights
                for which
                the record date is prior to the date such share certificate is issued,
                except as provided in paragraph (m) below. Nothing in the Plan or
                in any
                Option agreement shall confer upon any employee any right to continue
                in
                the employ of the Company or any of its subsidiaries or interfere
                in any
                way with any right of the Company or any subsidiary to terminate
                the
                Optionee’s employment at any time.

            

    

    

    
      	(k)  	
              No
                Fractional Shares.
                In
                no event shall the Company be required to issue fractional shares
                upon the
                exercise of an Option.

            

    

    

    
      	(l)  	
              Exercise
                in the Event of Death.
                In
                the event of the death of the Optionee, any Option or unexercised
                portion
                thereof granted to the Optionee, to the extent exercisable by him
                or her
                on the date of death, may be exercised by the Optionee’s personal
                representatives, heirs, or legatees subject to the provisions of
                paragraph
                (d) above.

            

    

    

    
      	(m)  	
              Recapitalization
                or Reorganization of the Company.
                Except as otherwise provided herein, appropriate and proportionate
                adjustments shall be made (1) in the number and class of shares subject
                to
                the Plan, (2) to the Option rights granted under the Plan, and (3)
                in the
                exercise price of such Option rights, in the event that the number
                of
                shares of common Stock of the Company are increased or decreased
                as a
                result of a stock dividend (but only on Common Stock), stock split,
                reverse stock split, recapitalization, reorganization, merger,
                consolidation, separation, or like change in the corporate or capital
                structure of the Company. In the event there shall be any other change
                in
                the number or kind of the outstanding shares of Common Stock of the
                Company, or any stock or other securities into which such common
                stock
                shall have been changed, or for which it shall have been exchanged,
                whether by reason of a complete liquidation of the Company or a merger,
                reorganization, or consolidation with any other corporation in which
                the
                Company is not the surviving corporation, or the Company becomes
                a
                wholly-owned subsidiary of another corporation, then if the Plan
                Administrator shall, in its sole discretion, determine that such
                change
                equitably requires an adjustment to shares of Common Stock currently
                subject to Options under the Plan, or to prices or terms of outstanding
                Options, such adjustment shall be made in accordance with such
                determination.

               

              To
                the extent that the foregoing adjustments
                relate to stock or securities of the Company, such adjustment shall
                be
                made by the Plan Administrator, the determination of which in that
                respect
                

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	 	
              
                shall
                  be final, binding, and conclusive. No right to purchase fractional
                  shares
                  shall result from any adjustment of Options pursuant to this Section.
                  In
                  case of any such adjustment, the shares subject to the Option shall
                  be
                  rounded down to the nearest whole share. Notice of any adjustment
                  shall be
                  given by the Company to each Optionee whose Options shall have
                  been so
                  adjusted and such adjustment (whether or not notice is given) shall
                  be
                  effective and binding for all purposes of the Plan.

                

                In
                  the event of a complete liquidation of the Company or a merger,
                  reorganization, or consolidation of the Company with any other
                  corporation
                  in which the company is not the surviving corporation, or the Company
                  becomes a wholly-owned subsidiary of another corporation, any unvested
                  Options granted under the Plan shall be deemed to be immediately
                  vested
                  and the Optionee shall have the right to exercise such Option in
                  whole or
                  in part without regard to any installment exercise provisions in
                  the
                  Option agreement.

              

            

    

    
       

    

    
      	(n)  	
              Modification,
                Extension and Renewal of Options. Subject
                to the terms and conditions and 

            

    

    within
      the limitations of the Plan, the Plan Administrator may modify, extend or renew
      outstanding options granted under the Plan and accept the surrender of
      outstanding Options (to the extent not theretofore exercised). The Plan
      Administrator shall not, however, without the approval of the Board, modify
      any
      outstanding Incentive Stock Option in any manner that would cause the Option
      not
      to qualify as an Incentive Stock Option within the meaning of Section 422 of
      the
      Code. Notwithstanding the foregoing, no modification of an Option shall, without
      the consent of the Optionee, alter or impair any rights of the Optionee under
      the Option.

    

    
      	(o)  	
              Other
                Provisions. Each
                Option may contain such other terms, provisions, and conditions not
                inconsistent with the Plan as may be determined by the Plan
                Administrator.

            

    

    

    8.
      Termination or Amendment of the Plan

    

    The
      Board
      may at any time terminate or amend the Plan; provided that, without approval
      of
      the holders of a majority of the shares of Common Stock of the Company
      represented and voting at a duly held meeting at which a quorum is present
      or
      the written consent of a majority of the outstanding shares of Common Stock,
      there shall be (except by operation of the provisions of paragraph (m) above)
      no
      increase in the total number of shares covered by the Plan, no change in the
      class of persons eligible to receive options granted under the Plan, no
      reduction in the exercise price of Options granted under the Plan, and no
      extension of the latest date upon which Options may be exercised; and provided
      further that, without the consent of the Optionee, no amendment may adversely
      affect any then outstanding Option or any unexercised portion
      thereof.

    

    9.
      Indemnification

    

    In
      addition to such other rights of indemnification as they may have as members
      of
      the Board Committee that administers the Plan, the members of the Plan
      Administrator shall be indemnified by the Company against reasonable expense,
      including attorney’s fees, actually and necessarily incurred in connection with
      the defense of any action, suit or proceeding, or in connection with any appeal
      therein to which they, or any of them, may be a party by reason of any action
      taken or failure to act 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    under
      or
      in connection with the Plan or any Option granted thereunder, and against any
      and all amounts paid by them in settlement thereof (provided such settlement
      is
      approved by independent legal counsel selected by the Company). In addition,
      such members shall be indemnified by the Company for any amount paid by them
      in
      satisfaction of a judgment in any action, suit, or proceeding, except in
      relation to matters as to which it shall have been adjudged that such member
      is
      liable for negligence or misconduct in the performance of his or her duties,
      provided however that within 60 days after institution of any such action,
      suit,
      or proceeding, the member shall in writing offer the Company the opportunity,
      at
      its own expense, to handle and defend the same.

    

    10.
      Effective Date and Term of the Plan

    

    This
      Plan
      shall become effective (the “Effective Date”) on the date of adoption by the
      board of directors as evidenced by the date and signatures below. Options
      granted under the Plan prior to shareholder approval are subject to cancellation
      by the Plan Administrator if shareholder approval is not obtained within 12
      months of the date of adoption. Unless sooner terminated by the Board in its
      sole discretion, this Plan will expire on December 31, 2008.

    

    IN
      WITNESS WHEREOF, the Company by its duly authorized officer, has caused this
      Plan to be executed this ______ day of _____________, 2006.

    

    LANGUAGE
      ACCESS NETWORK, INC. 

     

     

    ______________________

    By:
      Laurence Sturtz

    Its:
      Chairman of the BoardExhibit 10.1

Execution Copy

MARLIN LEASING CORPORATION,
 Individually, and as the Servicer,

MARLIN LEASING RECEIVABLES CORP. IV,
 as the Obligors’ Agent,

MARLIN LEASING RECEIVABLES IV LLC,
 as the Obligor,

DEUTSCHE BANK AG, NEW YORK BRANCH,
 as Agent

and

WELLS FARGO BANK, N.A.
 as Trustee

SECOND AMENDED AND RESTATED SERIES 2000-A SUPPLEMENT

Dated as of September 28, 2006

to the

MASTER LEASE RECEIVABLES ASSET-BACKED FINANCING FACILITY AGREEMENT

Dated as of December 1, 2000

TABLE OF CONTENTS

	
  
 
  	
  
 
  	
  
 
  	
  
Page
  
	
   
  	
  
 
  	
  
 
  	
  

  
	
  
ARTICLE I   CREATION OF THE SERIES 2000-A NOTES
  	
  
1
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
Section 1.01
  	
  
Designation
  	
  
1
  
	
  
 
  	
  
Section 1.02
  	
  
Pledge of   Series 2000-A Trust Estate
  	
  
2
  
	
  
 
  	
  
Section 1.03
  	
  
Payments
  	
  
2
  
	
   
  	
  
Section 1.04
  	
  
Assignment   to a Group; Crossover Amounts
  	
  
2
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
ARTICLE II DEFINITIONS
  	
  
2
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
Section 2.01
  	
  
Definitions
  	
  
2
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
ARTICLE III   DISTRIBUTIONS AND STATEMENTS TO SERIES 2000-A NOTEHOLDER; SERIES SPECIFIC   COVENANTS
  	
  
23
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
   
  	
  
Section 3.01
  	
  
Series   2000-A Accounts.
  	
  
23
  
	
  
 
  	
  
Section 3.02
  	
  
Agent to   Send Notice of Amounts Due
  	
  
24
  
	
  
 
  	
  
Section 3.03
  	
  
Distributions   from Series 2000-A Facility Account.
  	
  
24
  
	
  
 
  	
  
Section 3.04
  	
  
Reporting   and Review Requirements.
  	
  
28
  
	
  
 
  	
  
Section 3.05
  	
  
Compliance   With Withholding Requirements
  	
  
31
  
	
  
 
  	
  
Section 3.06
  	
  
Servicer   Advances
  	
  
31
  
	
   
  	
  
Section 3.07
  	
  
Special   Representations, Covenants and Acknowledgements.
  	
  
31
  
	
  
 
  	
  
Section 3.08
  	
  
Hedging   Arrangements.
  	
  
36
  
	
  
 
  	
  
Section 3.09
  	
  
Lockbox   Account.
  	
  
38
  
	
  
 
  	
  
Section 3.10
  	
  
Replacement   Servicer.
  	
  
38
  
	
  
 
  	
  
Section 3.11
  	
  
Amendment of   Master Agreement
  	
  
38
  
	
  
 
  	
  
Section 3.12
  	
  
Payment on   the Termination Date.
  	
  
39
  
	
   
  	
  
 
  	
  
 
  	
   
 
	
  
ARTICLE IV   SERIES PRINCIPAL AMOUNT FOR SERIES 2000-A
  	
  
39
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
Section 4.01
  	
  
Advances.
  	
  
39
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
ARTICLE V   SERIES EVENTS OF DEFAULT
  	
  
41
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
   
  	
  
Section 5.01
  	
  
Series   Events of Default
  	
  
41
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
ARTICLE VI   PREPAYMENT AND REDEMPTION
  	
  
45
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
Section 6.01
  	
  
Mandatory   Prepayment
  	
  
45
  
	
  
 
  	
  
Section 6.02
  	
  
Optional   Redemption.
  	
  
45
  
	
   
  	
  
Section 6.03
  	
  
Tender of   Series 2000-A Note
  	
  
46
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
ARTICLE VII   MISCELLANEOUS
  	
  
46
  
	
  
 
  	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
Section 7.01
  	
  
Agent   Authorized to Act for the Purchasers; Notices
  	
  
46
  
	
  
 
  	
  
Section 7.02
  	
  
Ratification   of Master Agreement
  	
  
47
  
	
   
  	
  
Section 7.03
  	
  
Counterparts
  	
  
47
  
	
  
 
  	
  
Section 7.04
  	
  
GOVERNING   LAW
  	
  
47
  
	
  
 
  	
  
Section 7.05
  	
  
Amendments   and Waivers.
  	
  
47
  
	
  
 
  	
  
Section 7.06
  	
  
Non-petition   Clause
  	
  
47
  
	
  
 
  	
  
Section 7.07
  	
  
Certain   Information
  	
  
48
  
	
  
 
  	
  
Section 7.08
  	
  
Reserved.
  	
  
48
  
	
   
  	
  
Section 7.09
  	
  
Termination
  	
  
48
  
	
  
 
  	
  
Section 7.10
  	
  
Issuance of   Additional Series of Notes.
  	
  
48
  

	
  
EXHIBITS
  	
  
 
  	
  
 
  
	
  
Schedule 1
  	
  
Hedge   Counterparties
  	
  
 
  
	  
 
	  
 
	  
 

	
  
Exhibit A
  	
  
Form of   Series 2000-A Note
  	
  
 
  
	
  Exhibit B
  	
  
[RESERVED]
  	
  
 
  
	
  
Exhibit C
  	
  
Wire   Instructions for Agent
  	
  
 
  
	
  
Exhibit D
  	
  
Form of   Servicer’s Certificate
  	
  
 
  
	
  
Exhibit E
  	
  
Forms of   Contracts
  	
  
 
  
	
  
Exhibit F
  	
  
Certain   Information
  	
  
 
  
	
  
Exhibit G
  	
  
Form of   Pledge Notice
  	
  
 
  
	
  
Exhibit H
  	
  
Form of   Non-Appropriation Rider
  	
  
 
  
	
  Exhibit I
  	
  
Form of Cap   Agreement
  	
  
 
  

ii

                    This Second Amended and Restated Series 2000-A Supplement, (the “Series 2000-A Supplement”) dated as of September 28, 2006, is by and among Marlin Leasing Corporation, a Delaware corporation, individually (in such capacity “Marlin”), and as initial servicer (in such capacity, the “Servicer”), Marlin Leasing Receivables Corp. IV, a Nevada corporation (“MLR IV”), as the Obligors’ Agent, Marlin Leasing Receivables IV LLC, a Nevada limited liability company (“MLR IV LLC”), as the Obligor, Deutsche Bank AG, New York Branch, as Agent (the “Agent”), and Wells Fargo Bank, N.A., a national banking association (the “Trustee”).

RECITALS

                    Reference
is hereby made to the Series 2000-A Supplement, dated as of December 1, 2000, as
amended and restated by the Amended &  Restated  Series  2000-A  Supplement,
dated as of August 7, 2001 (as  amended,  the  “Original  Series  2000-A
Supplement”),  among  Marlin,  MLR IV,  MLR IV LLC,  the
Agent, the Trustee and XL Capital Assurance Inc..

                    The
Original Series 2000-A Supplement was executed and delivered pursuant to Section
13.02 of the Master Lease Receivables  Financing  Facility Agreement dated as of
December 1, 2000 (as amended,  supplemented and otherwise  modified from time to
time,  the  “Master   Agreement”)   among  the  Servicer,   the
Obligors’  Agent  and the  Trustee.   In the  event  that  any term or
provision  contained herein shall conflict with or be inconsistent with any term
or provision contained in the Master Agreement, the terms and provisions of this
Series  2000-A  Supplement  shall  govern  with  respect  to the  Series  2000-A
Notes.

                    The parties hereto desire to amend and restate the Original Series 2000-A Supplement upon the terms and conditions set forth in this Series 2000-A Supplement and the Master Agreement.

                    The parties hereto hereby agree to amend and restate the Original Series 2000-A Supplement as follows:

ARTICLE I

CREATION OF THE SERIES 2000-A NOTES

                    Section 1.01     Designation.  The Original Series 2000-A Supplement created a Series of Notes to be issued pursuant to the Master Agreement and the Original Series 2000-A Supplement, as amended, restated, supplemented and otherwise modified by this Series 2000-A Supplement, to be known as “Marlin Lease Receivables Master Asset-Backed Financing Facility, Series 2000-A Notes.”  The Obligor with respect to the Series 2000-A Notes is MLR IV LLC.  The Notes shall be issued as Definitive Notes in accordance with Sections 5.11 of the Master Agreement.

                    Section 1.02     Pledge of Series 2000-A Trust Estate.  The Obligor hereby pledges to the Trustee for the benefit of the Series 2000-A Secured Parties, and the Trustee hereby accepts the pledge of, all right, title and interest of the Obligor whether now owned and existing or hereafter acquired or arising in and to (1) each and every Contract now or hereafter listed as a Series 2000-A Contract on any Pledge Notice delivered to the Trustee from time to time, (2) all Collections, Security Deposits (in accordance with Section 6.14 of the Master Agreement) and Related Security associated therewith, (3) all Servicing Charges with respect thereto, (4) the Series 2000-A Accounts, all balances, instruments, monies, investment property and other securities and investments from time to time in or acquired with amounts
at any time on deposit in each Series 2000-A Account, and in the Lockbox Account to the extent such amounts in the Lockbox Account represent Collections or proceeds of Series 2000-A Contracts or earnings with respect thereto, (5) each Series 2000-A Transfer Agreement Supplement and all of the Obligor’s rights (directly or through the Obligors’ Agent) to enforce the provisions of, and to benefit from the representations, warranties and covenants made therein and in the Master Transfer Agreement, but only insofar as such rights relate to the Series 2000-A Trust Estate, (6) all security interests in the Equipment not owned by the Obligor, and all Equipment owned by the Obligor, in each case associated with the Series 2000-A Contracts, (7) any Crossover Amounts allocated to the Series 2000-A Trust Estate from another Series, (8) all of the Obligor’s right, title and interest, if any, in and to each Hedge Agreement and (9) all proceeds of each of the foregoing, but excluding the following:
any obligations of the Obligor, if any, under a Series 2000-A Transfer Agreement Supplement and Initial Unpaid Amounts (such non-excluded property, the “Series 2000-A Trust Estate”).

                    Section 1.03     Payments.  All amounts to be paid or deposited by any Person hereunder shall be paid or deposited in accordance with the terms hereof no later than 12:00 noon (New York City time) on the day when due in immediately available funds, or by prior day ACH debit (so long as such funds represent immediately available funds), and if such amounts are payable to the Series 2000-A Noteholder, they shall be paid as specified in the Note Purchase Agreement (as defined below).

                    Section 1.04     Assignment to a Group; Crossover Amounts.  There is hereby established a Group for purposes of the Master Agreement, which shall be known as “Group B”; the Series 2000-A Notes are hereby assigned to Group B.  The amounts described in clause eighteenth of Section 3.03(a)(i) and in clause eighteenth of Section 3.03(a)(ii) are hereby designated as the “Crossover Amounts” for the Series 2000-A Notes for purposes of the Master Agreement.

                    No other Series of Notes shall be assigned to Group B without the prior written consent of the Agent.

ARTICLE II

DEFINITIONS

                    Section 2.01     Definitions.  Whenever used in this Series 2000-A Supplement and when used in the Master Agreement with respect to the Series 2000-A Notes, the following words and phrases shall have the following meanings, and the definitions of such terms are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms.  Unless otherwise defined in this Series 2000-A Supplement, terms defined in the Master Agreement are used herein as therein defined.  For purposes of the Master Agreement, certain definitions are set forth in Section 3.07(b) hereof.

2

                    “31 to 60 Day Delinquency Ratio” means, as of the end of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the aggregate Contract Balance Remaining of all Series 2000-A Contracts as to which any Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is delinquent 31 or more days, but no Scheduled Payment (nor part thereof in excess of 10% of such Scheduled Payment) is delinquent more than 60 days and which is not a Charged-Off Contract as of the end of such Collection Period, and the denominator of which is the aggregate Contract Balance Remaining of all Series 2000-A Contracts as of the end of the Collection Period immediately preceding such Collection Period.

                    “61 to 90 Day Delinquency Ratio” means, as of the end of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the sum of (x) the aggregate Contract Balance Remaining of all Series 2000-A Contracts as to which any Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is delinquent 61 or more days, but no Scheduled Payment (nor part thereof in excess of 10% of such Scheduled Payment) is delinquent more than 90 days, and which is not a Charged-Off Contract as of the end of such Collection Period plus (y) the aggregate Contract Balance Remaining of all Series 2000-A Contracts which were Restructured during such Collection Period and the two preceding Collection Periods, and the denominator of which is the aggregate Contract Balance Remaining of all Series 2000-A
Contracts as of the end of the second preceding Collection Period.

                    “91 Plus Day Delinquency Ratio” means, as of the end of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the aggregate Contract Balance Remaining of all Series 2000-A Contracts as to which any Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is delinquent 91 or more days, and which is not a Charged-Off Contract as of the end of such Collection Period, and the denominator of which is the aggregate Contract Balance Remaining of all Series 2000-A Contracts as of the end of the third preceding Collection Period.

                    “31 to 60 Day Portfolio Delinquency Rate” means, as of the end of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the aggregate Contract Balance Remaining of all leases included in the Servicer’s servicing portfolio as to which any Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is delinquent 31 or more days, but no Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is more than 60 days delinquent (and which would not be “Charged-Off Contracts” if treated as “Contracts”) as of the end of such Collection Period, and the denominator of which is the aggregate Contract Balance Remaining of all leases included in the Servicer’s servicing portfolio as of the end of such Collection
Period.

                    “61 to 90 Day Portfolio Delinquency Rate” means, as of the end of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the aggregate Contract Balance Remaining on all leases included in the Servicer’s servicing portfolio as to which any Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is delinquent 61 or more days, but no Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is more than 90 days delinquent (and which would not be Charged-Off Contracts if treated as “Contracts”) as of the end of such Collection Period, and the denominator of which is the aggregate Contract Balance Remaining of all leases included in the Servicer’s servicing portfolio as of the end of such Collection Period.

3

                    “91 Plus Day Portfolio Delinquency Rate” means, as of the end of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the aggregate Contract Balance Remaining of all leases included in the Servicer’s servicing portfolio as to which any Scheduled Payment (or part thereof in excess of 10% of such Scheduled Payment) is 91 or more days delinquent (and which would not be “Charged-Off Contracts” if treated as “Contracts”), as of the end of such Collection Period, and the denominator of which is the aggregate Contract Balance Remaining of all leases included in the Servicer’s servicing portfolio as of the end of such Collection Period.

                    “Advance Amount” means, as of any Pledge Date:

                    (a)     with respect to any Pledge of any Series  2000-A Contracts under Section 4.01 (b) hereof, the excess, if any, of (x) the Pro Forma Borrowing Base over (y) the Net Investment immediately prior to such Pledge;

                    (b)     with respect to any Pledge of any Series 2000-A Contracts under Section 4.01(e) hereof, the excess, if any, of (x) the Pro Forma Borrowing Base over (y) the Borrowing Base as of the immediately preceding Calculation Date; and

                    (c)     with respect to any Pledge under Section 4.01(f) hereof, $0.

                    “Agent” means Deutsche Bank AG, New York Branch, in its capacity as agent for the Purchasers pursuant to Article VIII of the Note Purchase Agreement and any successor Agent appointed pursuant thereto.

                    “Amortization Period” means the period commencing on the Termination Date, and ending on the earlier to occur of (i) the final disposition of, and application of the proceeds of, the Series 2000-A Trust Estate and (ii) the payment in full of all Series Trustee Secured Obligations.

                    “Applicable Discount Rate” means with respect to any Series 2000-A Contract, the sum of:

	
  
 
  	
  
(i)
  	
  
the Fee   Rate; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
the Hedge   Rate under the Hedge Agreement to which applies to such Series 2000-A   Contract, determined as of the related Pledge Date.
  

                    “Applicable Hedge Agreement” means, with respect to any Interest Period, any Hedge Agreement under which payment is scheduled to be made (in the absence of any “netting”) on the Settlement Date relating to such Interest Period.

4

                    “Applicable Trigger Charged-Off Ratio” means, as of any date of determination:

	
   
  	
  
(x)
  	
  
if the Net   Investment as of such date of determination is less than $25,000,000, 5.0%;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(y)
  	
  
if the Net   Investment as of such date of determination is $25,000,000 or more but less   than $50,000,000, 3.5%; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(z)
  	
  
if the Net   Investment as of such date of determination is $50,000,000 or more, 2.75%.
  

                    “Average Charged-Off Ratio” means, as of any day of determination, the arithmetic average of the Charged-Off Ratio as of the last day of each of the three preceding Collection Periods (or such lesser number of Collection Periods as shall have occurred since the Series Closing Date).

                    “Back-Up Servicer Fee” means the monthly fee payable to the Back-Up Servicer on each Settlement Date, which shall be the greater of (a) one-twelfth of three basis points per annum times the aggregate Contract Principal Balance of the Series 2000-A Contracts as of the end of the preceding Collection Period and (b) $1,500.  This fee is only to be paid to the Back-up Servicer for so long as it is acting as such and is not payable during such time as the Back-up Servicer acts as the successor Servicer. 

                    “Base LIBO Rate” for any Interest Period (or portion thereof for which an Owner initially funds an investment in the Series 2000-A Notes other than by issuing Commercial Paper) with respect to the Series 2000-A Notes, shall mean an interest rate per annum equal to the rate of interest equal to either (as determined by the Agent) (i) the arithmetic mean of the offered rates for deposits in U.S. Dollars  for a period of one month (or such lesser period of time as determined by the Agent to be appropriate in the event that the LIBO Rate is to be determined for a portion of an Interest Period) (the “Period”), commencing on the second London Banking Day immediately preceding the first day of such Period, which appear on the Reuters Screen LIBO Page as of approximately 11:00 a.m., London time, if at least two such
offered rates appear on the Reuters Screen LIBO Page (“LIBOR Reuters”), or (ii) the rate for deposits in U.S. dollars having, the Period designated commencing on the second London Banking Day immediately preceding the first day of such Period which appears on the Telerate Page 3750 as of 11:00 a.m., London time (“LIBOR Telerate”).  “Reuters Screen LIBO Page” means the display designated as page “LIBO” on the Reuters Monitor Money Rate Service (or such other page as may replace the LIBO page on that service for the purpose of displaying London interbank offered rates of major banks), and “Telerate Page 3750” means the display designated as page “3750” on the Telerate Service (or such page as may replace the 3750 page on that service or such other service or services as may be nominated by the British Bankers’ Association for the purpose of displaying London interbank offered rates for U.S. dollar deposits.  If fewer than two
offered rates appear on the Reuters Screen LIBO Page, or if no rate appears on the Telerate Page 3750, as applicable, the Base LIBO Rate in respect of that LIBOR Determination Date will be determined as if the parties had specified the rate described in the following paragraph (b) below.  “LIBOR Determination Date” means the second London Banking Day immediately preceding the first day of the related Period.

5

                    With respect to a day on which fewer than two offered rates appear on the Reuters Screen LIBO Page, as specified in (i) above, or if no rate appears on Telerate Page 3750 as specified in (ii) above, as applicable, the Base LIBO Rate will be determined at approximately 11:00 a.m., London time, on such day on the basis of the rates at which deposits in United States dollars having the Period specified are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Agent commencing on the second London Banking Day immediately preceding the first day of such Period and in a principal amount equal to an amount of not less than $1,000,000 that is representative for a single transaction in such market at such time. The Agent will request the principal London office of each of such banks to
provide a quotation of its rate.  If at least two such quotations are provided, the Base LIBO Rate for such day will be the arithmetic mean of such quotations.  If fewer than two quotations are provided, the Base LIBO Rate for such day will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., New York City time, on such day by three major banks in New York, New York selected by the Agent, for loans in United States dollars to leading European banks, having the specified Period, commencing on the second London Banking Day immediately preceding the first day of such Period and in a principal amount equal to an amount of not less than $1,000,000 that is representative for a single transaction in such market at such time; provided, however, that if the banks selected as aforesaid by the Agent are not quoting as described above, the Base LIBO Rate in effect for the applicable period will be the Base LIBO Rate in effect on such day.

                    “Borrowing Base” means, as of any date of determination, the lesser of:

	
  
 
  	
  
(i)
  	
  
the product   of (a)  the sum of (i) the aggregate   Contract Principal Balance of all Series 2000-A Contracts which are Eligible   Contracts and which are not Charged-Off Contracts as of such date plus (ii)   on any date of determination other than on any Settlement Date, the principal   portion of Series 2000-A Available Funds then on deposit in the Series 2000-A   Facility Account which represents the excess of (x) the Contract Principal   Balance of Eligible Contracts at the beginning of the related Collection   Period over (y) the Contract Principal Balance of Eligible Contracts which   have not been subject to Prepayment as of the related date of determination, minus   (iii) the Overconcentration Amount as of such date times (b) the   Purchase Price Percentage as of such date of determination; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
the sum of   (a) the aggregate Contract Principal Balance of all Series 2000-A Contracts   which are Eligible Contracts and which are not Charged-Off Contracts as of   such date plus (b) on any date of determination other than on any Settlement   Date, the principal portion of Series 2000-A Available Funds then on deposit   in the Series 2000-A Facility Account which represents the excess of (x) the   Contract Principal Balance of Eligible Contracts at the beginning of the   related Collection Period over (y) the Contract Principal Balance of Eligible   Contracts which have not been subject to Prepayment as of the related date of   determination, minus (c) the Overconcentration Amount as of such date minus   (d) the Credit Support Floor Amount;
  

6

                    “Breakage Costs” means, for each Owner for each funding period, to the extent that an Owner is funding the maintenance of its investment in the Series 2000-A Notes during such funding period through the issuance of Commercial Paper or at the LIBO Rate, during which such investment is reduced (in whole or in part) prior to the end of the period for which it was originally scheduled to remain outstanding (the amount of such reduction in such investment being referred to as the “Allocated Amount”), the excess of (a) the discount or interest that would have accrued on the Allocated Amount during the remainder of such funding period if such reduction had not occurred over (b) the income, if any, scheduled to be received by such Owner from investing the Allocated Amount for the remainder of such funding period in a
commercially reasonable manner.

                    “Broker Concentration Amount” means, as of any date of determination, the excess, if any, of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts originated by, or purchased from brokers over (y) twenty-five percent (25%) of the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such time.

                    “Broker/Vendor Concentration Amount” means, as of any date of determination, for each broker or vendor that has originated or sold any Series 2000-A Contracts for or to the Transferor, the excess, if any, of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts originated by, or purchased from such broker or vendor over (y) five percent (5%) of the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such time.

                    “Business Day” shall mean any day that is a Business Day under the Master Agreement which is also a day on which banks are not authorized or required to close in New York, New York or in Minneapolis, Minnesota and on which The Depository Trust Company of New York is open for business.

                    “Cap Agreement” means a Hedge Agreement under which the Hedge Counterparty will only make payments when and if the Base LIBO Rate exceeds a specified level, and which provides for no payment by the Trustee at any time, substantially in the form of Exhibit I hereto.

                    “Charged-Off Ratio” means, as of the end of any Collection Period, twelve (12) times the percentage equivalent of a fraction the numerator of which is equal to the excess of (x) the aggregate Contract Principal Balance as of the end of such Collection Period of, plus any related Servicer Advances made with respect to, all Series 2000-A Contracts which became Charged-Off Contracts during such Collection Period, plus the aggregate Contract Principal Balance of any Delinquent Contracts which were removed from the Series 2000-A Trust Estate in exchange for Substitute Contracts during such Collection Period, over (y) the sum of all Recoveries received during such Collection Period with respect to the Series 2000-A Contracts, and the denominator of which is equal to the aggregate Contract Principal Balance of all Series 2000-A
Contracts which are Eligible Contracts at such date as of (i) during the Revolving Period, the end of the third preceding Collection Period and (ii) during the Amortization Period, the beginning of such Collection Period.

7

                    “Collateral Administration Agreement” shall mean the Second Amended & Restated Collateral Administration Agreement, dated as of September 28, 2006, among the Obligor, the Obligors’ Agent, the Transferor, the Servicer, the Trustee and the Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time hereafter.

                    “Commercial Paper” means any note, draft, bill of exchange, or bankers’ acceptance which has a maturity at the time of issuance not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited.

                    “CP Margin” has the meaning ascribed thereto in the Fee Letter.

                    “Credit Support Amount” means, as of any date of determination, the excess of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such date and which are not Charged-Off Contracts as of such date of determination, minus the Overconcentration Amount as of such date  over (y) the Net Investment as of such date.

                    “Credit Support Floor Amount” means, as of any date of determination, the greater of (x) $2,500,000 and (y) 25% of the Maximum Applicable Credit Support.

                    “Crossover Amounts” has the meaning set forth in Section 1.04 hereof.

                    “Debt-to-Equity Ratio” means, as of any date of determination, and with respect to Marlin and its consolidated subsidiaries, Total Debt as a multiple of Tangible Net Worth; “Total Debt” shall reflect all liabilities (excluding deferred taxes) under GAAP, provided that “Total Debt” shall include all liabilities (other than deferred taxes), whether “on-balance sheet” or “off-balance sheet” for GAAP, as well as subordinated debt any portion of the principal of which is payable in less than five years from the date of its issuance.

                    “Default Rate” has the meaning set forth in the Fee Letter.

                    “EBITDA” means for any period, for Marlin Business Services Corp. and its consolidated subsidiaries (including, without limitation, Marlin), the sum of net income for such period plus (a) income taxes, (b) Interest Expense and (c) depreciation, amortization and fair value adjustments, all of which is to be computed over the previous twelve (12) months.

                    “Eligible Bank Account” means a segregated account, which may be an account maintained with the Trustee, which is either (a) maintained with a depository institution or trust company whose long-term unsecured debt obligations are rated at least BBB+ by S&P and Baa1 by Moody’s and whose short-term unsecured obligations are rated at least A-1 by S&P and P-1 by Moody’s; or (b) a trust account or similar account maintained with a federally or state chartered depository institution subject to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. 9.10(b).

8

                    “Eligible Contract” means a Series 2000-A Contract which:

	
  
 
  	
  
          (a)          (i)   is with a User whose billing address is in the United States or its   territories and possessions and requires (A) all payments under such Contract   to be made in United States dollars and (B) all Equipment relating to such   Contract be held in the United States and (ii) is with a User who, if a   natural person, is a resident of the United States with legal capacity to   contract or, if a corporation or other business organization, is organized   under the laws of the United States, or any political subdivision thereof and   has its chief executive office in the United States;
  
	
  
 
  	
  
 
  
	
   
  	
  
          (b)          has   not had any of its terms, conditions or provisions amended, modified or   waived other than in compliance with the Credit and Collection Policy and has   not been Restructured at any time;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (c)          constitutes   “tangible chattel paper” within the meaning of §§ 9-102(11) and (78) of the   UCC of all applicable jurisdictions and there is only one original (bearing   the original signature of an employee of Marlin, together with the facsimile   copy of the signature of the User or the original signature of the User) of   such Contract that constitutes “chattel paper” for purposes of the Delaware,   New York, New Jersey and Nevada UCC;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (d)          was   originated in accordance with, and does not contravene, any applicable   federal, state and local laws, and regulations thereunder (including, without   limitation, any law, rule and regulation relating to truth in lending, fair   credit billing, fair credit reporting, equal credit opportunity, fair debt   collection practices and privacy) and with respect to which no part of such   Contract is in violation of any applicable law, rule or regulation;
  
	
   
  	
  
 
  
	
  
 
  	
  
          (e)          was   originated or purchased without recourse (other than with respect to an   obligation to repurchase in the event of breach of a representation or   warranty by the related Vendor or Broker) in compliance with, and satisfies   in all material respects all applicable requirements of the Credit and   Collection Policy;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (f)          is   not a Contract which has the United States or any of its agencies or instrumentalities   as the User;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (g)          as   of the related Pledge Date, is not a Delinquent Contract;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (h)          (i)   contains “hell or high water” provisions requiring the related User to assume   all risk of loss or malfunction of the related Equipment, (ii) requires the   related User to pay all expenses in connection with the maintenance, repair,   insurance and taxes, together with all other ancillary costs with respect to   the related Equipment and (iii) makes the related User absolutely and   unconditionally liable for all payments required to be made thereunder,   without any right of set-off, counterclaim, or other defense (other than the   discharge in bankruptcy of such related User) and without any right to prepay   the Contract or any contingencies tied to the Obligor;
  
	
   
  	
  
 
  
	
  
 
  	
  
          (i)          is   payable in substantially level monthly or quarterly rental payments   calculated at a fixed yield;
  

9

	
  
 
  	
  
          (j)          creates   a valid and enforceable security interest (or, in the case of a “true lease”,   a valid ownership interest) in favor of the Transferor in the related   Equipment, and such Equipment has not been the subject of loss or damage;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (k)          together   with the Equipment relating thereto, was the subject of a valid sale and   assignment from the Transferor with good title transferred to the Obligor   thereby and is free and clear of any Liens, other than the claims arising   pursuant to this Series 2000-A Supplement and Master Agreement and the other   documents relating to this transaction; provided, however, that   nothing in this paragraph (k) shall prevent or be deemed to prohibit the   Transferor from suffering to exist upon such Contract any Lien for federal,   state, municipal or other local taxes if such taxes shall not at the time be   due and payable or if the Transferor shall concurrently be contesting the   validity thereof in good faith by appropriate proceedings that have stayed   enforcement thereof and shall have set aside on its books adequate
reserves   with respect thereto,
  
	
   
  	
  
 
  
	
  
 
  	
  
          (l)          is   in full force and effect in accordance with its terms and contains   enforceable provisions such that the rights and remedies of the holder   thereof shall be adequate for realization against the Equipment, if any,   thereunder and of the benefits of any security granted thereunder;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (m)          does   not provide for the substitution, exchange, or addition of any other items of   Equipment pursuant to such Contract which would result in any reduction or   extension of payments due thereunder;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (n)          by   its terms is due and payable in full on or within 72 months of the applicable   Pledge Date;
  
	
  
 
  	
  
 
  
	
   
  	
  
          (o)          arises   under a Contract in substantially the form of one of the form contracts set   forth in Exhibit E hereto or otherwise promptly approved by the Agent in   writing, which is in full force and effect and constitutes the legal, valid   and binding obligation of the related User enforceable against such User in accordance   with its terms subject to no offset, counterclaim or other defense (other   than the discharge in bankruptcy of such User);
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (p)          (i)   does not preclude the pledge, transfer or assignment thereof, (ii) does not   require the consent of the User to the pledge, assignment or transfer   thereof, and (iii) does not contain a confidentiality provision that purports   to restrict the ability of the Trustee to exercise its rights under the   Series 2000-A Related Documents with respect thereto, including, without   limitation, its right to review the Contract;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (q)          was   (i) originated or purchased by the Transferor in the ordinary course of its   business, (ii) approved and purchased or funded in the ordinary course of the   Transferor’s business, (iii) originated by an originator eligible under the   Credit and Collection Policy and (iv) originated with respect to a   transaction in which the related Equipment is not used for personal, family,   or household purposes by the related User;
  
	
   
  	
  
 
  

10

	
  
 
  	
  
          (r)          is   with a User that, as of the Contract’s Pledge Date, is not the User with   respect to any Charged-Off Contract, and is not and has never been a   Charged-Off Contract;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (s)          the   inclusion of which in the Series 2000-A Trust Estate would not require the   registration of the Obligor or of the Series 2000-A Trust Estate as an   “investment company” under the Investment Company Act of 1940, as amended;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (t)          the   addition of which to the Series 2000-A Trust Estate would not result in the   Weighted Average Life to exceed 2.5 years;
  
	
   
  	
  
 
  
	
  
 
  	
  
          (u)          if   the Original Equipment Cost of the Equipment related to such Contract is   valued at greater than $25,000, is secured by a first priority perfected   security interest in such Equipment;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (v)          relates   to Equipment which (i) is not a vehicle or other type of equipment which is   subject to a certificate of title or other similar titling statute and (ii)   to the best of the Servicer’s knowledge, has not suffered any damage or loss;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (w)          has   a Contract Principal Balance which is less than or equal to $200,000;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (x)          was   not selected by the Transferor from the Transferor’s pool of leases in a   manner adverse to the Series 2000-A Noteholders;
  
	
   
  	
  
 
  
	
  
 
  	
  
          (y)          arises   under a lease or financing contract, is not currently under any sub-lease   agreement, and does not permit any sub-leasing of the related Equipment;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (z)          is   one as to which all parties to the Contract have satisfied all obligations to   be required to be fulfilled by such parties as of the related Pledge Date;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (aa)        is,   and has been, at all times, a legal, valid and binding payment obligation of   the User, enforceable in accordance with its terms;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (bb)        the   User of which is not an Affiliate of the Transferor, the Servicer or any   Obligor;
  
	
   
  	
  
 
  
	
  
 
  	
  
          (cc)        has   been accounted for on the Transferor’s books as sold to the Obligor;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (dd)        is   not subject to, nor with respect to which has there been asserted, any   litigation or any right to rescission, set off, counterclaim or other defense   of the User;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (ee)         as   to which the related User has been directed to make payment only to the   Lockbox Account at the Lockbox Bank;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (ff)         as   to which the related Equipment has been delivered to, and accepted by, the   related User;
  

11

	
  
 
  	
  
          (gg)        if   such Contract is a “true lease”, the Equipment is owned by the Obligor free   and clear of all other liens;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (hh)        if   such Contract was originated by a third party and acquired by the Transferor,   and if the Original Equipment cost related thereto exceeded $25,000, a UCC-1   financing statement was filed against the related User in the appropriate   jurisdiction by the originator thereof and a UCC-3 assignment was filed   assigning the original UCC-1 to the Transferor;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (ii)         if   such Contract is a tax exempt lease, satisfactory evidence of the User’s tax   exempt status was presented to Marlin at the time of origination and included   in the Contract File; and
  
	
   
  	
  
 
  
	
  
 
  	
  
          (jj)         for   any Contract pledged to the Series 2000-A Trust Estate after October 31,   2001, is not a Contract with an Equipment Type of ATM, Veriphone or   Veriphone-Software only.
  

                    “Equipment Concentration Amount” means, as of any date of determination, the sum of:

	
  
 
  	
  
(i)
  	
  
for the   Equipment Type “Computers and Peripherals”, the excess, if any, of (x) the   aggregate Contract Principal Balance of all Series 2000-A Contracts with   respect to which the related Equipment is such Equipment Type over (y) twenty-five   percent (25%) of the aggregate Contract Principal Balance of all Series   2000-A Contracts which are Eligible Contracts at such time;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
for the   Equipment Type “Software”, the excess, if any, of (x) the aggregate Contract   Principal Balance of all Series 2000-A Contracts with respect to which the   related Equipment is such Equipment Type over (y) ten percent (10%) of the   aggregate Contract Principal Balance of all Series 2000-A Contracts which are   Eligible Contracts at such time;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iii)
  	
  
for the   Equipment Type “Surveillance Systems”, the excess, if any, of (x) the   aggregate Contract Principal Balance of all Series 2000-A Contracts with   respect to which the related Equipment is such Equipment Type over (y) ten   percent (10%) of the aggregate Contract Principal Balance of all Series   2000-A Contracts which are Eligible Contracts at such time;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
for the   Equipment Type “Telecommunications Equipment”, the excess, if any, of (x) the   aggregate Contract Principal Balance of all Series 2000-A Contracts with   respect to which the related Equipment is such Equipment Type over (y) twenty   percent (20%) of the aggregate Contract Principal Balance of all Series   2000-A Contracts which are Eligible Contracts at such time;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(v)
  	
  
for the   Equipment Type “Copiers”, the excess, if any, of (x) the aggregate Contract   Principal Balance of all Series 2000-A Contracts with respect to which the   related Equipment is such Equipment Type over (y) thirty percent (30%) of the   aggregate Contract Principal Balance of all Series 2000-A Contracts which are   Eligible Contracts at such time; and
  

12

	
  
 
  	
  
(vi)
  	
  
for each   other Equipment Type, the excess, if any, of (x) the aggregate Contract   Principal Balance of all Series 2000-A Contracts with respect to which the   related Equipment is such Equipment Type, over (y) fifteen percent (15%) of   the aggregate Contract Principal Balance of all Series 2000-A Contracts which   are Eligible Contracts at such time.
  

                    “Equipment Type” means, with respect to each Series 2000-A Contract, the related Equipment “type”, as indicated on the Servicer’s servicing system with respect to such Series 2000-A Contract.

                    “Facility Fee” has the meaning ascribed thereto in the Fee Letter.

                    “Fee Letter” means that certain Amended and Restated Fee Letter dated as of September 28, 2006 by and among the Servicer, the Obligor, the Obligor’s Agent and the Agent, as it may be amended, restated, supplemented or otherwise modified from time to time.

                    “Fee Rate” means the aggregate of the rates at which fees are payable in connection with Series 2000-A (i.e., LIBO Margin (as set forth in the Fee Letter), the Servicing Fee of 1.00%, the Trustee’s Fee of 0.015%, the Back-Up Servicer’s Fee of 0.03%, the Increased Servicer Fee of 0.25%).

                    “Government Concentration Amount” means, as of any date of determination, the excess of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Government Contracts having a state, municipality or agency or instrumental of a state or a municipality as the User over (y) four percent (4.0%) of the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such time.

                    “Government Contract” means, with respect to this Series 2000-A Supplement, a Contract of Equipment under which the User is a state or local government or government agency (or any agency or instrumentality thereof) and, if the Contract Principal Balance of such Contract is greater than $10,000, such entity has executed and delivered a form of non-appropriation rider substantially in the form of Exhibit H attached hereto.

                    “Hedge Agreement” means an interest rate cap or swap agreement between the Trustee and a Hedge Counterparty satisfying the conditions specified in Section 3.08 hereof.

                    “Hedge Counterparty” means either (i) a Person reasonably acceptable to the Agent (it being stipulated that each party listed on Schedule 1 hereto is acceptable) and having long term unsecured debt obligations rated at least AA- by S&P and Aa3 by Moody’s or (ii) Deutsche Bank AG, New York Branch or any of its Affiliates.

                    “Hedge Rate” means, with respect to any Hedge Agreement and the Series 2000-A Contracts assigned thereto, (a) if such Hedge Agreement is a Cap Agreement, the fixed rate per annum which the Base LIBO Rate must exceed to result in payments made thereunder by the Hedge Counterparty to the Series 2000-A Facility Account, and (b) if such Hedge Agreement is an interest rate swap agreement, the fixed rate per annum which is applied to the notional amount of such Hedge Agreement to calculate the payments to be made by the Trustee thereunder to the Hedge Counterparty.

13

                    “Increased Servicer Fee” means as of any Settlement Date, an amount not to exceed 0.25% of the aggregate Contract Principal Balance of the Series 2000-A Contracts as of the first day of the prior Collection Period, payable on each Settlement Date to any successor Servicer in accordance with Section 9.02(b) of the Master Agreement as additional compensation in excess of the Servicing Fee for the performance of its duties hereunder and under the Master Agreement.

                    “Independent Public Accountants” shall mean, with respect to Marlin, any “Big 4” accounting firm, or other accounting firm reasonably acceptable to the Series Controlling Party.

                    “Interest Coverage Ratio” means, as of any date of determination, and with respect to Marlin Business Services Corp. and its consolidated subsidiaries, EBITDA as a multiple of Interest Expense.

                    “Interest Expense” means, for any period, with respect to Marlin Business Services Corp. and its consolidated subsidiaries, the sum (without duplication) of (a) all interest accrued or capitalized in respect of indebtedness accrued or capitalized during such period (whether or not actually paid during such period); and (b) the net amount payable under Hedge Agreements (whether or not actually paid during such period, all of which is to be computed over the previous twelve (12) months).

                    “Interest Period” means, with respect to any Settlement Date, the period from and including the prior Settlement Date (or, in the case of the first Settlement Date, from and including the Series Closing Date) to but excluding such Settlement Date.

                    “LIBO Margin” has the meaning ascribed thereto in the Fee Letter.

                    “LIBO Rate” for any Interest Period (or portion thereof for which an Owner initially funds an investment in the Series 2000-A Notes other than by issuing Commercial Paper) with respect to the Series 2000-A Notes shall mean the applicable Base LIBO Rate divided by the percentage equal to the difference of one minus the LIBOR Reserve Percentage applicable during such Interest Period (or portion thereof), if any.

                    “LIBO Rate Disruption Event” shall mean, for any Owner with respect to any Series 2000-A Note, for any Interest Period or portion thereof, any of the following:  (a) a determination by such Owner that it would be contrary to law or to the directive of any central bank or other governmental authority to obtain United States dollars in the London interbank market to fund its investment in such Series 2000-A Note for such Interest Period or portion thereof, (b) prime banks in the London interbank market are not then generally quoting a Base LIBO Rate or not then quoting a Base LIBO Rate to Persons such as such Owner, or (c) the inability of such Owner by reason of circumstances affecting the London interbank market generally, to obtain U.S. Dollars in such market to fund its investment in such Series 2000-A Note for such
Interest Period or portion thereof.

14

                    “LIBOR Reserve Percentage” shall mean, relative to each Interest Period or portion thereof, a percentage (expressed as a decimal) equal to the daily average during such Interest Period or portion thereof of the percentages in effect on each day of such Interest Period or portion thereof, as prescribed by the Board of Governors of the Federal Reserve System (or any successor), for determining the maximum reserve requirements applicable to “Eurocurrency liabilities” pursuant to Regulation D or any other applicable regulation of the Board of Governors of the Federal Reserve System which prescribes reserve requirements applicable to “Eurocurrency liabilities” as currently defined in Regulation D.

                    “Liquidity Provider” shall mean a financial institution to whom the Obligors’ Agent shall have consented (which consent shall not be unreasonably withheld) providing liquidity support to or for the account of any Purchaser, whether by an extension of credit, the acquisition of an interest in the Series 2000-A Notes, or otherwise, or having a commitment to provide such support under a liquidity agreement which relates to this Supplement.

                    “Lockbox Account” means the account no. 2000006320698 established and maintained by the Lockbox Bank for the purpose of receiving payments on the Series 2000-A Contracts.

                    “Lockbox Agreement” means the Certified Corporate Resolution for Depository Authorization of the Lockbox Bank dated as of December 13, 2000 (the “Lockbox Agreement”) by and between Marlin and the Lockbox Bank as supplemented by the Second Amended and Restated Supplemental Lockbox Agreement dated as of September 28, 2006, by and among the Lockbox Bank, Marlin, the Obligor and the Trustee, as such agreements may be amended, supplemented or modified from time to time. 

                    “Lockbox Bank” means Wachovia Bank, N.A. (formerly known as First Union National Bank) or any other commercial bank acceptable to the Agent.

                    “London Banking Day” means a day on which commercial banks are open for business (including dealers in foreign exchange and foreign currency deposits) in London, England.

                    “Marlin” means Marlin Leasing Corporation, a Delaware corporation.

                    “Master Agreement” has the meaning set forth in the Recitals hereto.

                    “Master Transfer Agreement” means that certain Amended and Restated Master Lease Acquisition and Sale Agreement dated as of September 28, 2006 among Marlin and the Obligors’ Agent and the Obligors set forth therein as parties thereto from time to time, as such agreement may be amended, supplemented or modified from time to time.

                    “Maximum Applicable Credit Support” means the largest Credit Support Amount on any day occurring since the most recent Take-Out.

                    “Maximum Series Limit” means $125,000,000.

15

                    “Monthly Interest” means, with respect to any Settlement Date, interest due in respect of the Series 2000-A Notes calculated at the Series 2000-A Note Interest Rate for the preceding Interest Period (which amount shall include, in the event the aggregate principal portion of the respective investments of each Purchaser exceeded the Series 2000-A Note Balance after giving effect to all distributions on the prior Settlement Date, an amount equal to interest accrued on such excess at the rate described in paragraph (a) of the definition of Series 2000-A Note Interest Rate).

                    “Net Investment” means as of any date of determination the sum of (i) the Series 2000-A Note Balance as of such date plus (ii) accrued and unpaid interest at the Series 2000-A Note Interest Rate through such date plus (iii) any Noteholder’s Carryover Interest as of such date.

                    “Note Purchase Agreement” shall mean the Second Amended & Restated Note Purchase Agreement dated as of September 28, 2006, among the Obligor, the Obligors’ Agent, the Purchasers and the Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time hereafter.

                    “Noteholder’s Carryover Interest” means, as of any date of determination, the amount of Monthly Interest due on any prior Settlement Date but not paid, plus interest thereon through such date from such prior Settlement Date, calculated using the Series 2000-A Note Interest Rate applicable for the next Settlement Date, all as determined by the Agent.

                    “Notice for Payment” has the meaning set forth in Section 3.10(a) hereof.

                    “Obligor” means MLR IV LLC.

                    “Original Issue Date” has the meaning specified in Section 3.07(b)(x) hereof.

                    “Original Servicer Fee Rate” has the meaning specified in Section 3.07(b)(ix) hereof.

                    “Overconcentration Amount” means an amount, at any time, equal to the sum of (i) the aggregate User Concentration Amount for all Users, (ii) the aggregate State Concentration Amount for all States, (iii) the Equipment Concentration Amount, (iv) the aggregate Broker/Vendor Concentration Amounts for all brokers and vendors, (v) the Government Concentration Amount, (vi) the Broker Concentration Amount and (vii) the Quarterly Payment Concentration Amount.

                    “Owner” means each Purchaser, each Liquidity Provider and each other Person that has purchased, or has entered into a commitment to purchase, a Series 2000-A Note, or an interest therein.

                    “Pledge” means the pledge by the Obligor hereunder of its right, title and interest in and to specified Pledged Property related thereto to the Trustee for the benefit of the Series 2000-A Noteholders in accordance with Section 1.02 hereof.

                    “Pledge Date” has the meaning set forth in Section 4.01(b) hereof.

16

                    “Pledge Notice” has the meaning specified in Section 4.01(b) hereof.

                    “Pledged Property” means, with respect to the Series 2000-A Trust Estate, each Series 2000-A Contract, together with all associated property and rights with respect thereto described in clauses (2) through (9) of Section 1.02 hereof.

                    “Portfolio Charged-Off Ratio” means, as of the last day of any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the product of (i) 12 and (ii) the excess of (x) the sum of the aggregate of Marlin’s net investment (calculated in accordance with GAAP) in all leases included in the Servicer’s servicing portfolio which would have first satisfied the definition of Charged-Off Contracts (were such leases “Contracts”) during such Collection Period, over (y) the sum of all recoveries during such Collection Period for leases included in the Servicer’s servicing portfolio, and the denominator of which is equal to the sum of the aggregate of Marlin’s net investment (calculated in accordance with GAAP) in all leases included in the Servicer’s servicing portfolio

as of the beginning of the related Collection Period.

                    “Pro Forma Borrowing Base” means, (x) as of any Pledge Date, the Borrowing Base (including the various components thereof) as calculated assuming that all Series 2000-A Contracts to be Pledged on such Pledge Date have in fact been so Pledged and (y) as of any day which is not a Pledge Date, the Borrowing Base as of such day.

                    “Principal Distribution Amount” means with respect to any Settlement Date (i) the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts and which are not Charged-Off Contracts as of the end of the second preceding Collection Period minus (ii) the aggregate Contract Principal Balance of all Series 2000-A Contracts, which are Eligible Contracts and which are not Charged-Off Contracts as of the end of the immediately preceding Collection Period.

	
  
 
  	
  
          “Purchase   Price Percentage” means as of any date of determination the lesser of (i)   .81 and (ii) 1 minus the product of a times b times c, where:
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
a  = the greater of (i) the highest Three   Month Rolling Average Portfolio Charged-Off Ratio for the immediately   preceding nine Collection Periods or (ii) the highest Average Charged-Off   Ratio over the immediately preceding nine Collection Periods as of such date   of determination;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
b = the   Weighted Average Life, rounded to the second decimal place; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
c = 4.00.
  

                    Notwithstanding the foregoing, the “Purchase Price Percentage” hereunder may be revised by the Agent in its sole discretion at the end of each calendar quarter (beginning with December 31, 2006), in order to provide the Series 2000-A Noteholders with credit enhancement in the form of overcollateralization at a level sufficient to maintain the Required Facility Shadow Rating.

                    “Purchaser” has the meaning specified in the Note Purchase Agreement.

17

                    “Quarterly Payment Concentration Amount” means, as of any date of determination, the excess of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts which are payable on a quarterly basis over (y) four percent (4%) of the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such time.

                    “Record Date” means, with respect to any Settlement Date, the close of business on the Business Day preceding such Settlement Date.

                    “Redemption Price” has the meaning specified in Section 6.02 hereof.

                    “Refinance Proceeds” means with respect to any Collection Period, proceeds of the issuance of a new series of notes or the issuance of certificates in connection with a Take-Out of Series 2000-A Contracts, which proceeds shall be remitted to the Trustee immediately upon receipt for deposit into the Series 2000-A Facility Account for application in accordance with Section 3.03 hereof.

                    “Required Facility Shadow Rating” has the meaning described in the Fee Letter.

                    “Restructured” means, with respect to any Series 2000-A Contract, any deferral of Scheduled Payments, reduction of the Scheduled Payments, or extension of the term of such Series 2000-A Contract, in each case by the Servicer for credit reasons.

                    “Revolving Period” means the period from and including January 2, 2001 to but excluding the Termination Date.

                    “Series Closing Date” means, with respect to the Series 2000-A Notes,  December 21, 2000.

                    “Series Controlling Party” has the meaning specified in Section 3.07(b)(vi) hereof.

                    “Series Event of Default” has the meaning specified in Section 5.01 hereof.

                    “Series Related Documents” means, with respect to the Series 2000-A Notes, the Series 2000-A Related Documents.

                    “Series Secured Obligations” has the meaning specified in 3.07(b)(vii) hereof.

                    “Series Secured Parties” has the meaning specified in Section 3.07(b)(viii) hereof.

                    “Series Termination Date” means, with respect to the Series 2000-A Notes, the date on which all Series Secured Obligations have been paid in full.

                    “Series Trust Estate” means, with respect to the Series 2000-A Notes, the Series 2000-A Trust Estate.

18

                    “Series Trustee Secured Obligations” has the meaning set forth in Section 3.07(b)(vii).

                    “Series 2000-A Account” means each of the Series 2000-A Facility Account, the Series 2000-A Advance Payment Account and the Lockbox Account.

                    “Series 2000-A Advance Payment Account” has the meaning set forth in Section 3.01(b) hereof.

                    “Series 2000-A Alternative Rate” means, for any Interest Period (or portion thereof) for which a Purchaser initially funds an investment in the Series 2000-A Notes other than by issuing Commercial Paper, an interest rate per annum equal to the LIBO Rate for such Interest Period (or such portion thereof); provided, however, that:

	
  
 
  	
  
          (a)   if   a Purchaser shall notify the Agent that a LIBO Rate Disruption Event has   occurred and is continuing, then, in any such case, the “Series 2000-A   Alternative Rate” for the Series 2000-A Notes for such Interest Period or   portion thereof shall be an interest rate per annum equal to the Series   2000-A Base Rate from time to time in effect unless the Agent and the   Obligors’ Agent agree in writing to a different rate; and
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          (b)   without   limiting the foregoing, if with respect to any Interest Period or portion   thereof any Purchaser shall have notified the Agent that the rate at which   deposits of the United States dollars are being offered to such Purchaser in   the London interbank market does not accurately reflect the cost to such   Purchaser of funding its investment in the Series 2000-A Notes for such   Interest Period or portion thereof, the Obligors’ Agent and the Agent shall   negotiate in good faith to determine a mutually agreeable different rate as   the Series 2000-A Alternative Rate sufficient to meet such Purchaser’s costs   and, pending the conclusion of those negotiations, the Series 2000-A   Alternative Rate for each Interest Period shall be the LIBO Rate; provided,   however, that if the Obligors’ Agent and the Agent have not agreed   upon a rate before the
end of the second full Interest Period following the   date of such Purchaser’s notice to the Agent, the Series 2000-A Alternative   Rate for each successive Interest Period for so long as the condition giving   rise to such notice shall be continuing shall be the Series 2000-A Base Rate.
  

                    “Series 2000-A Available Funds” means, with respect to any Settlement Date, the aggregate amount of Collections received by the Servicer during the prior Collection Period with respect to the Series 2000-A Trust Estate (other than Collections representing Advance Payments until such Advance Payments are applied as Collections in accordance with Section 7.01 of the Master Agreement), plus any net payments under a Hedge Agreement received since the previous Settlement Date (or the Series 2000-A Series Closing Date in the case of the first Settlement Date), plus any Prepayment Amounts deposited in the Series 2000-A Facility Account pursuant to Section 6.01 hereof plus any Crossover Amounts received from a Series in Group B since the previous Settlement Date.

                    “Series 2000-A Base Rate” means, on any date, a fluctuating rate of interest per annum equal to the higher of (a) the rate of interest most recently announced by the Agent in New York, New York as its base commercial lending rate (not necessarily intended to be the lowest rate of interest charged by the Agent in connection with the extensions of credit) and (b) 0.50% above the rate per annum at which the Agent, as a branch of a foreign bank, in its sole discretion, can acquire federal funds in the interbank overnight federal funds market, including through brokers of recognized standing.

19

                    “Series 2000-A Contract” means each Contract listed on a List of Contracts attached to a Pledge Notice which is delivered in connection with a Pledge of Pledged Property with respect to the Series 2000-A Trust Estate, and which Contract has not been released from the Series 2000-A Trust Estate as provided herein or in the Master Agreement.

                    “Series 2000-A Facility Account” has the meaning set forth in Section 3.01(a) hereof.

                    “Series 2000-A Note” means any one of the Series 2000-A Notes executed by the Obligor in favor of the Agent and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A hereto, and any replacement therefor.

                    “Series 2000-A Note Balance” means, as of any time of determination, the aggregate, cumulative amount of the Advance Amounts funded pursuant to Section 4.01(b) hereof since the Series Closing Date, reduced by the aggregate, cumulative amounts described in Sections 3.03(a)(i) eleventh, 3.03(a)(ii) eleventh and 3.03(a)(ii) fifteenth and actually paid to the Series 2000-A Noteholders on all prior Settlement Dates.

                    “Series 2000-A Noteholder” shall mean any Owner, as defined in the Note Purchase Agreement.

                    “Series 2000-A Note Interest Rate” means for any Interest Period for the Series 2000-A Notes, the weighted average of the following rates determined for each Purchaser (based on the respective investments of each Purchaser in the Series 2000-A Notes and the time period for which applicable rates are in effect):

	
  
 
  	
  
          (a)          to   the extent that a Purchaser funds its investments in the Series 2000-A Notes   for such Interest Period or portion thereof by issuing Commercial Paper, the   sum of (i) the CP Margin and (ii) the weighted average of the rates at which   Commercial Paper issued by such Purchaser to fund the purchase or maintenance   of its investments in the Series 2000-A Notes during such Interest Period or   portion thereof has been sold by any placement agent or commercial paper   dealer selected by such Purchaser; provided, that, for purposes of   calculating such weighted average, if any such rate is a discount rate, such   discount rate shall be converted to an interest-bearing equivalent rate per   annum for a 360-day year and
  
	
   
  	
  
 
  
	
  
 
  	
  
          (b)          to   the extent that a Purchaser funds its investments in the Series 2000-A Notes   for such Interest Period or portion thereof other than by issuing   Commercial Paper, a rate equal to the sum of (i) the applicable LIBO Margin   and (ii) the Series 2000-A Alternative Rate for such Interest Period or   portion thereof or such other rate as the Agent and the Obligors’ Agent shall   agree to in writing.
  

20

The Series 2000-A Note Interest Rate for any Interest Period shall be adjusted to yield, when applied to the outstanding principal balance of the Series 2000-A Notes, an amount sufficient to pay interest on the incremental effective principal balance of any funding resulting from the capitalization of interest, if any, during such Interest Period.

As used in paragraph (a) of this definition, each Purchaser’s weighted average of the Commercial Paper rates shall include (x) any incremental carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such Purchaser, and (y) other borrowings by such Purchaser to fund the Net Investment (other than under any liquidity agreement or other program support agreement), including borrowings to fund small or odd dollar amounts that are not easily accommodated in the commercial paper market.

Notwithstanding the foregoing, upon the occurrence and during the continuance of a Series Event of Default, “Series 2000-A Note Rate Interest Rate” shall mean (after as well as before judgment) a per annum rate equal to the Default Rate. 

                    “Series 2000-A Related Documents” means, collectively, this Series 2000-A Supplement, the Fee Letter, the Hedge Agreement(s), the Master Agreement, the Master Transfer Agreement, the Collateral Administration Agreement, the Note Purchase Agreement, the Series 2000-A Notes and all other instruments, documents, financing statements and agreements executed and delivered by the Obligor, the Obligors’ Agent or the Servicer in connection herewith or therewith and each Series 2000-A Transfer Agreement Supplement executed pursuant thereto with respect to the Series 2000-A Trust Estate.

                    “Series 2000-A Secured Parties” shall have the meaning set forth in Section 3.07(b)(viii) hereof.

                    “Series 2000-A Transfer Agreement Supplement” means each Transfer Agreement Supplement entered into pursuant to the Master Transfer Agreement which transfers Series 2000-A Contracts to the Obligor for inclusion in the Series 2000-A Trust Estate.

                    “Series 2000-A Trust Estate” shall have the meaning set forth in Section 1.02 hereof.

                    “Servicer’s Certificate” means a report with respect to Series 2000-A, in substantially the form of Exhibit D hereto (appropriately completed), furnished by the Servicer to the Obligors’ Agent, the Trustee and the Agent pursuant to Section 6.06 of the Master Agreement.

                    “Servicing Fee” means as of any Settlement Date, an amount equal to one-twelfth of 1.00% of the aggregate Contract Principal Balance of the Series 2000-A Contracts as of the first day of the prior Collection Period, payable on each Settlement Date to the Servicer pursuant to Section 3.03 hereof as compensation for the performance of its duties hereunder and under the Master Agreement.

21

                    “Settlement Date” means the 15th of each month (or if the 15th of any month is not a Business Day, then on the next succeeding Business Day) commencing with January 16, 2001.

                    “State Concentration Amount” means for any State, the excess, if any, of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts with respect to which any User is domiciled in such State, over (y) fifteen percent (15%) of the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such time.

                    “Swap Agreement” means a Hedging Agreement other than a Cap Agreement, substantially in the form of Exhibit J hereto.

                    “Take Out” means the refinancing of all of the Series 2000-A Contracts (whether through the issuance of asset-backed securities, funding through other Committed Financing Facilities, whole loan sales or otherwise).

                    “Tangible Net Worth” means, with respect to Marlin, its shareholders’ equity, less any intangible assets, all determined in accordance with GAAP, provided that subordinated debt, none of the principal of which is payable less than five years from the date of its issuance shall be considered equity.

                    “Termination Date” means the earliest to occur of:  (i) September 27, 2007 or such later date as the parties (with the express written consent of the Agent) may hereafter agree in accordance with Section 4.01(i), (ii) the day designated as the Termination Date by the Obligor on sixty (60) days’ prior written notice to the Agent, (iii) the day on which the Series Controlling Party declares the occurrence of the Termination Date or on which the Termination Date automatically occurs pursuant to Section 5.01, (iv) the 90th day following the date on which the Agent has delivered a written notice to the Transferor to the effect that the most recent audit completed by the Agent or its designee of the Transferor’s origination, servicing and documentation procedures has revealed to the Agent deficiencies which it reasonably

believes creates a material adverse effect on the facility and (v) a Hedge Counterparty fails to satisfy the definition thereof and is not replaced within fifteen (15) Business Days by a Person satisfying the definition thereof. 

                    “Three-Month Rolling Average” means, with respect to any pool performance ratio, the sum of the applicable ratio for the most recently ended Collection Period and two immediately preceding Collection Periods divided by three.

                    “Trustee Fee” means the monthly fee payable to the Trustee on each Settlement Date, which shall be the greater of (x) one-twelfth of one and a half basis points (0.015%) per annum times the aggregate Contract Principal Balance of the Series 2000-A Contracts as of the end of the preceding Collection Period and (y) $1,000.

                    “User Concentration Amount” means, for any User, the excess, if any, of (x) the aggregate Contract Principal Balance of all Series 2000-A Contracts with respect to which such User or any Affiliate of such User is the User, over (y) one percent (1.00%) of the aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts at such time.

22

                    “Weighted Average Hedge Rate” means, with respect to any Interest Period, the weighted average (weighted based on the related notional balances, as well as the number of days during such Interest Period for which the related Hedge Agreement was in effect) of Hedge Rates applicable to all Hedge Agreements under which payment will be received on the Settlement Date relating to such Interest Period.

                    “Weighted Average Life” means, as of any date of determination, a term in years equal to the sum of:

SIGMA   (Pn X Tn)
     PB

	
  
 
  	
  
where:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
SIGMA     =     The   mathematical symbol for summation.    The summation is computed from 1 to n, where n is the number of months   from the date of determination until the date of the last Scheduled Payment   under the last Series 2000-A Contract scheduled to be outstanding;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Pn     =     The   sum of the principal portions of the Scheduled Payments for all Series 2000-A   Contracts which are Eligible Contracts in the nth month after the date of   determination;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Tn     =     The   remaining period, in months, from the time of calculation until such nth   month; and
  
	
   
  	
  
 
  
	
  
 
  	
  
PB     =     The   aggregate Contract Principal Balance of all Series 2000-A Contracts which are   Eligible Contracts at the time of calculation,
  

divided by 12 and rounded to the second decimal place.

ARTICLE III

DISTRIBUTIONS AND STATEMENTS TO
 SERIES 2000-A NOTEHOLDER; SERIES SPECIFIC COVENANTS

                    Section 3.01     Series 2000-A Accounts.

                    (a)     The Trustee, for the benefit of the Series 2000-A Secured Parties, shall establish and maintain an account (the “Series 2000-A Facility Account”) as a segregated trust account in the Trustee’s corporate trust department, identified as the “Facility Account for Marlin Master Financing Facility Agreement, in trust for the Series 2000-A Secured Parties.”  The Trustee shall make or permit withdrawals from the Series 2000-A Facility Account only as provided in this Series 2000-A Supplement;

                    (b)     The Trustee, for the benefit of the Series 2000-A Secured Parties, shall establish and maintain an account (the “Series 2000-A Advance Payment Account”) as a segregated trust account in the Trustee’s corporate trust department, identified as the “Advance Payment Account for Marlin Master Financing Facility Agreement, in trust for the Series 2000-A Secured Parties.”  The Trustee shall make or permit withdrawals from the Series 2000-A Advance Payment Account only as provided in this Series 2000-A Supplement and in the Master Agreement;

23

                    (c)     The Trustee shall deposit to the Series 2000-A Facility Account all Refinance Proceeds remitted to it by the Obligor immediately upon the Trustee’s receipt thereof;

                    (d)     The Trustee shall deposit to the Series 2000-A Facility Account any Crossover Amounts remitted to it from other Series assigned to Group B, as provided in the Series Supplement(s) relating to such other Series; and

                    (e)     Notwithstanding the foregoing or anything in the Master Agreement to the contrary, upon written instruction from the Servicer, the Trustee may deduct from amounts otherwise specified for deposit to the Series 2000-A Facility Account any amounts previously deposited by the Trustee into the Series 2000-A Facility Account but which (i) are subsequently uncollectible as a result of dishonor of the instrument of payment for or on behalf of the User, (ii) are later determined to have resulted from mistaken deposits or (iii) constitute Servicing Charges.

                    Section 3.02     Agent to Send Notice of Amounts Due.  On each Determination Date, the Agent shall send to the Servicer (with a copy to the Trustee), a notice in the form of Exhibit C to the Note Purchase Agreement.

                    Section 3.03     Distributions from Series 2000-A Facility Account.

                    (a)       On each Settlement Date, the Trustee (based solely on the information set forth in the related Servicer’s Certificate) shall allocate and distribute funds on deposit in the Series 2000-A Facility Account in the following order of priority, without duplication:

	
  
 
  	
  
(i)
  	
  
if such   Settlement Date occurs during the Revolving Period:
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
first,   from Series 2000-A Available Funds, to pay to the Servicer any amounts   referred to in Section  3.01(e) and to   pay to any other Persons that mistakenly deposited funds into the Series   2000-A Facility Account, such mistakenly deposited funds;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
second,   from the remaining Series 2000-A Available Funds, to the Servicer, an amount   necessary to reimburse the Servicer for any unreimbursed Servicer Advances with   respect to Series 2000-A Contracts;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
third,   from the remaining Series 2000-A Available Funds, to the Trustee for payment   to Hedge Counterparties, amounts due under the related Hedge Agreements,   limited to the net fixed amount due applied against the outstanding Net   Investment, except amounts due as fees, expenses or as the consequence of the   occurrence of an event of default or termination event under such Hedge   Agreement or otherwise due upon the termination of such Hedge Agreement,   which amounts shall be paid as provided in clause  sixteenth below;
  

24

	
  
 
  	
  
 
  	
  
fourth,   from the remaining Series 2000-A Available Funds to the Servicer, if the   Servicer is not the Obligor or an Affiliate of the Obligor, in payment of any   Servicing Fee then due;
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
fifth,   from the remaining Series 2000-A Available Funds, to the Trustee, the Trustee   Fee, and to the Back-up Servicer, the Back-Up Servicing Fee, any   out-of-pocket expenses of the Trustee and the Back-up Servicer or successor   Servicer reasonably incurred in connection with the Series 2000-A transaction   and, subject to an aggregate, cumulative maximum (including amounts paid   under paragraph (a)(ii) fifth below) of $50,000 (with respect to the   above described expenses) during the term of this facility, any expenses in   excess of such cumulative maximum amount if such expenses are approved in   writing by the Agent and any servicing Transition Cost due such Persons under   this Series Supplement;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
sixth,   [reserved];
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
seventh,   [reserved];
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
eighth,   from the remaining Series 2000-A Available Funds, to the Series 2000-A   Noteholders the following amounts in the following order, without   duplication: (a) the Noteholders’ Carryover Interest, if any and (b) the   Monthly Interest due on such Settlement Date;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
ninth,   [reserved];
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
tenth,   [reserved];
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
eleventh,   from the remaining Series 2000-A Available Funds, to the Series 2000-A   Noteholders in reduction of the Series 2000-A Note Balance, the lesser of:
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
          (x)          such   remaining Series 2000-A Available Funds and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
          (y)          the   excess of (1) the Net Investment, after taking into account any reduction   thereof on such Settlement Date pursuant to the preceding clauses of this   subsection (a)(i), over (2) the Pro Forma Borrowing Base;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
twelfth,   [reserved];
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
thirteenth,   [reserved];
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
fourteenth,   from the remaining Series 2000-A Available Funds, to the Obligor, the lesser   of:
  

25

	
  
 
  	
  
 
  	
  
          (i)          the   Advance Amount for all Series 2000-A Contracts being Pledged on such   Settlement Date in accordance with Section 4.01(e) hereof; and
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
          (ii)          such   remaining Series 2000-A Available Funds;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
fifteenth,   from the remaining Series 2000-A Available Funds, ratably to the Series   2000-A Noteholders, for the benefit of the applicable Owners or to the Agent,   as applicable, the Facility Fee, Breakage Costs and any other amounts owing   to the Series 2000-A Noteholders or the Agent under the Series 2000-A Related   Documents, as certified by the Agent, to the Trustee, and the Obligors’   Agent;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
sixteenth,   from the remaining Series 2000-A Available Funds, ratably, to each Hedge   Counterparty (and based upon the amounts owed to each) any amounts due to it as   fees, expenses or as the consequence of an event of default or termination   event under the related Hedge Agreement or otherwise due upon the termination   of the related Hedge Agreement;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
seventeenth,   from the remaining Series 2000-A Available Funds, (i) to the Servicer, if the   Servicer is the Obligor or an Affiliate of the Obligor, in payment of any   accrued and unpaid Servicing Fee then due and (ii) to any successor Servicer   in payment of any accrued and unpaid Increased Servicer Fees then due; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
eighteenth,   from the remaining Series 2000-A Available Funds, the balance, if any, to   other Series in Group B, if any, and thereafter to the Obligors’ Agent for   the benefit of the Obligor, or as otherwise directed by it in writing.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
if such   Settlement Date occurs during the Amortization Period:
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
first,   from Series 2000-A Available Funds to pay to the Servicer any amounts   referred to in Section 3.01(e) and to pay to any other Persons that   mistakenly deposited funds into the Series 2000-A Facility Account, such   mistakenly deposited funds;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
second,   from the remaining Series 2000-A Available Funds, to the Servicer, an amount   necessary to reimburse the Servicer for any unreimbursed Servicer Advances   with respect to the Series 2000-A Contracts;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
third,   from the remaining Series 2000-A Available Funds, to the Trustee for payment   to Hedge Counterparties, amounts due under the related Hedge Agreements   limited to the net fixed amount due applied against the outstanding Net   Investment, except amounts due as fees, expenses or as the consequence of the   occurrence of an event of default or termination event under such Hedge   Agreement or otherwise due upon the termination of such Hedge Agreement,   which amounts shall be paid as provided in clause seventeenth below;
  

26

	
  
 
  	
  
fourth,   from the remaining Series 2000-A Available Funds, to the Servicer, if the   Servicer is not the Obligor or an Affiliate of the Obligor, in payment of any   Servicing Fee then due;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
fifth,   from the remaining Series 2000-A Available Funds, to the Trustee, the Trustee   Fee, and to the Back-up Servicer, the Back-Up Servicing Fee, any   out-of-pocket expenses of the Trustee and the Back-up Servicer or successor   Servicer reasonably incurred in connection with the Series 2000-A transaction   and, subject to an aggregate, cumulative maximum (including amounts paid   under paragraph (a)(i) fifth above) of $50,000 (with respect to the   above described expenses) during the term of this facility, any expenses in   excess of such cumulative maximum amount if such expenses are approved in   writing by the Agent and any servicing Transition Cost due such Persons under   this Series Supplement;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
sixth,   [reserved];
  
	
  
 
  	
  
 
  
	
   
  	
  
seventh,   [reserved];
  
	
  
 
  	
  
 
  
	
  
 
  	
  
eighth,   from the remaining Series 2000-A Available Funds, to the Series 2000-A Noteholders   the following amounts in the following order, without duplication: (a) the   Noteholders’ Carryover Interest, if any and (b) the Monthly Interest due on   such Settlement Date;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
ninth,   [reserved];
  
	
  
 
  	
  
 
  
	
  
 
  	
  
tenth,   [reserved];
  
	
  
 
  	
  
 
  
	
  
 
  	
  
eleventh,   from the remaining Series 2000-A Available Funds, to the Series 2000-A   Noteholders, in reduction of the Series 2000-A Note Balance, the product of   (x) the Principal Distribution Amount and (y) the applicable Purchase Price   Percentage;
  
	
   
  	
  
 
  
	
  
 
  	
  
twelfth,   [reserved];
  
	
  
 
  	
  
 
  
	
  
 
  	
  
thirteenth,   [reserved];
  
	
  
 
  	
  
 
  
	
  
 
  	
  
fourteenth,   from the remaining Series 2000-A Available Funds, (i) to the Servicer, if the   Servicer is the Obligor or an Affiliate of the Obligor, in payment of any   accrued and unpaid Servicing Fee then due and (ii) to any successor Servicer   in payment of any accrued and unpaid Increased Servicer Fees then due;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
fifteenth,   from the remaining Series 2000-A Available Funds, to the Series 2000-A   Noteholders in reduction of the Series 2000-A Note Balance, the lesser of (i)   100% of such amount and (ii) the then-outstanding Series 2000-A Note Balance   (calculated after taking into account any reduction therein under clause eleventh   above);
  

27

	
  
 
  	
  
sixteenth,   from the remaining Series 2000-A Available Funds, ratably to the Series   2000-A Noteholders, for the benefit of the applicable Owners or to the Agent,   as applicable, the Facility Fee, Breakage Costs, any Noteholder’s Carryover   Interest for such Settlement Date to the extent not paid pursuant to clause eighth   above, any Monthly Interest for such Settlement Date to the extent not paid   pursuant to clause eighth above, and any other amounts owing to the   Series 2000-A Noteholders or the Agent under the Series 2000-A Related   Documents, as certified by the Agent, to the Trustee, and the Obligors’   Agent;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
seventeenth,   from the remaining Series 2000-A Available Funds, ratably, to each Hedge   Counterparty (and based upon the amounts owed to each) any amounts due as   fees, expenses or as the consequence of an event of default or termination   event under the related Hedge Agreement or otherwise due upon the termination   of the related Hedge Agreement; and
  
	
  
 
  	
  
 
  
	
  
 
  	
  
eighteenth,   from the remaining Series 2000-A Available Funds the balance, if any, to   other Series in Group B, if any, and thereafter to the Obligors’ Agent for   the benefit of the Obligor, or as otherwise directed by it in writing.
  

                    (b)        All payments of interest, principal, fees, and other amounts payable to the Series 2000-A Noteholders hereunder shall be made on each Settlement Date to the Agent for the benefit of the applicable Purchaser(s) by wire transfer of immediately available funds to an account designated in writing by the Agent in the form of Exhibit C hereto delivered to the Trustee on or prior to the related Determination Date without in the case of the Agent presentation or surrender of the Series 2000-A Note or the making of any notation thereon.

                    (c)        Any designation by the Agent of an account for receipt of wire transfers pursuant to the preceding clause (b) shall be a standing instruction, effective with respect to the applicable Settlement Date and all subsequent Settlement Dates thereafter until revoked.  In the absence of such timely wire transfer instructions, payment will be made by cashiers check sent by overnight courier to the Agent at the address designated pursuant to Section 7.01.  All reasonable costs and expenses incurred by the Trustee in connection with the distribution of the payments to the Series 2000-A Noteholders as set forth in this Section 3.03(c) shall be paid by the Servicer.

                    (d)       The Trustee shall not have any duty or obligation to recalculate, recompute or verify the information contained in the Servicer’s Certificate.

                    Section 3.04          Reporting and Review Requirements.

                    (a)        The Servicer shall send to the Agent and the Trustee a Servicer’s Certificate with respect to each Collection Period, such Servicer’s Certificate to be in the form of that attached hereto as Exhibit D, not later than three (3) Business Days prior to the immediately succeeding Settlement Date.

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                    (b)          By January 31 of each calendar year, the Servicer shall prepare and distribute to the Trustee and to the Agent a statement containing such information as is required to be provided by an issuer of indebtedness under the Code and such other customary information as is necessary or may reasonably be requested by the Agent to enable the Purchasers to prepare their tax returns.

                    (c)          The Agent or its designee shall, at Marlin’s expense (not to exceed $30,000 per annum plus out-of-pocket costs and expenses) be permitted to conduct such audits of Marlin’s origination, servicing and documentation procedures as the Agent shall deem necessary, but not more frequently than quarterly (provided such audits shall commence no sooner than January 1, 2007).  In addition, the Agent or its designee shall have the right (1) as long as a Series Event of Default has not occurred and is not continuing, to conduct additional audits at the Agent’s (or its designee’s) expense, upon at least two Business Day’s prior notice and (2) following the occurrence of and during the continuance of a Series Event of Default, to conduct audits as frequently as it
deems necessary, at any time without prior notice and at Marlin’s expense.

                    (d)          Marlin shall provide the Agent with a covenant compliance certificate (as part of the Servicer’s Certificate), to the effect that, as of the end of each calendar quarter, Marlin and each Obligor is in compliance with its respective covenants hereunder (listing any exceptions) signed by the Servicing Officer of Marlin and delivered within 45 days of the end of such calendar quarter.

                    (e)          Marlin shall provide the Agent with consolidated financial statements of Marlin Business Services Corp. prepared in accordance with GAAP (i) unaudited, on a quarterly basis, within 45 days of the end of each calendar quarter, certified by the Chief Financial Officer of Marlin and (ii) audited, on an annual basis, within 120 days of the end of each fiscal year, audited by Marlin’s Independent Public Accountants; provided that Marlin may satisfy the requirements of this Section 3.04(e) by providing the Agent with a written notice (including via email) within the time-frames described above that such financial statements are available from the Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) database maintained by the SEC, which notice shall include a
certification as to such financial statements of any of (x) the Chief Financial Officer or (y) any vice president of the Originator or (z) the Director of Treasury in his or her capacity as an authorized officer of the Originator.

                    (f)          Notwithstanding any other provisions of this Series 2000-A Supplement or the Master Agreement to the contrary, the Servicer is permitted to deliver the Servicer Certificate and all other reports and communications required by this Series 2000-A Supplement (including this Section 3.04) via electronic mail.

                    (g)          Marlin shall provide the Agent with a copy of its annual management/internal control report prepared by Marlin’s Independent Public Accountants, promptly following Marlin’s receipt thereof and in no event later than 120 days following the end of each fiscal year.

29

                    (h)          Marlin shall provide the Agent with a copy of its annual budget for each upcoming fiscal year, including statements of income and cash flows, and balance sheets, not later than 30 days after the beginning of such fiscal year.

                    (i)          The Servicer and the Trustee shall furnish to the Agent during the term of this Series 2000-A Supplement, such periodic, special or other reports or information not specifically provided for herein, as shall be necessary, reasonable and appropriate as shall be requested by the Agent, all such reports or information to be provided by and in accordance with reasonable instructions and directions as the Agent may reasonably require and as the Servicer and the Trustee may reasonably be able to produce.  In furtherance of, and not in limitation of the foregoing, there shall be delivered to the Agent by the Trustee, promptly following the Trustee’s receipt thereof, copies of (i) each Servicer’s annual compliance statement delivered to the Trustee pursuant to Section 6.07
of the Master Agreement, and (ii) each financial statement and report delivered to the Trustee pursuant to Section 6.08 of the Master Agreement.  The Trustee’s obligation under this Section 3.04(c) shall only pertain to information provided by the Servicer to the Trustee or otherwise in the Trustee’s possession.

                    (j)          The Trustee shall promptly, after any Responsible Officer’s receipt of copies thereof, or any Responsible Officer acquiring actual knowledge thereof, send to the Agent (at the Servicer’s expense):

	
  
 
  	
  
(i)
  	
  
written   notice of any breach by the Transferor, the Obligor, the Obligors’ Agent or   the Servicer of any of their respective representations, warranties or   covenants made in any of the Series 2000-A Related Documents to which it is a   party;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
a copy of   each Servicer compliance statement delivered to the Trustee pursuant to   Section 6.07 of the Master Agreement;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iii)
  	
  
a copy of   each financial statement, Independent Accountant’s review, notice and report   delivered to the Trustee pursuant to Sections 6.08 and 12.04 of the Master   Agreement;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
written   notice of the occurrence of any Series Event of Default or Event of Servicer   Termination;
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(v)
  	
  
written   notice of any failure of the Trustee to conform to the eligibility   requirements for the Trustee pursuant to Section 11.08 of the Master   Agreement;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vi)
  	
  
written   notice of the appointment of any co-trustee or separate trustee by the   Trustee pursuant to Section 11.15 of the Master Agreement; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vii)
  	
  
copies of   all other financial statements, reports, information and/or notices as may be   reasonably requested by the Agent and, in each case, which has been received   by or is otherwise in the possession of the Trustee or to which the Trustee   would have access or would be entitled to receive or request in accordance   with the terms of the Master Agreement;
  

30

provided, however, that in each case the Trustee shall only be required to send such notices and other items to the Agent to the extent that the Trustee has itself received or has knowledge of the related information.  Except as may be specifically provided herein, the Trustee shall have no obligation to seek to obtain any such information.

                    (k)       The Trustee shall promptly, after any Responsible Officer’s receipt of copies thereof, or any Responsible Officer acquiring actual knowledge thereof, send to the Rating Agency (at the Servicer’s expense):

	
  
 
  	
  
(i)
  	
  
written   notice of the waiver of any of the events set forth in Sections 5.01(o), (p)   or (q), which events would otherwise constitute Series Events of Default; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
written   notice of any approval by the Agent of expenses for payment pursuant to   clause fifth of Sections 3.03(a)(i) and 3.03(a)(ii) hereof;
  

provided, however, that in each case the Trustee shall only be required to send such notices and other items to the Rating Agencies to the extent that the Trustee has itself received or has knowledge of the related information.  Except as may be specifically provided herein, the Trustee shall have no obligation to seek to obtain any such information.

                    Section 3.05     Compliance With Withholding Requirements.  Notwithstanding any other provisions of this Series 2000-A Supplement or the Master Agreement to the contrary, the Trustee, for and on behalf of, and at the direction of the Servicer, shall comply with all federal withholding requirements respecting payments (or advances thereof) to the Agent on behalf of the Purchasers as may be applicable to instruments constituting indebtedness for federal income tax purposes.  Except as otherwise provided in the Note Purchase Agreement, any amounts so withheld shall be treated as having been paid to the Agent on behalf of the applicable Purchasers for all purposes of this Series 2000-A Supplement.  In no event shall the consent of the Agent or any Purchasers be required for any such withholding. 

                    Section 3.06     Servicer Advances.  No later than one Business Day preceding each Settlement Date, if the Servicer determines that any Scheduled Payment (or portion thereof), which was due and payable pursuant to a Series 2000-A Contract during the related Collection Period was not received by such date, the Servicer may make a Servicer Advance in an amount up to the amount of such delinquent Scheduled Payment (or portion thereof), to the extent that in its sole discretion it determines it can recoup such amount from subsequent Collections under the related Series 2000-A Contract.  The Servicer shall remit any Servicer Advances to the Series 2000-A Facility Account for application in accordance with the terms of Section 3.03.

                    Section 3.07     Special Representations, Covenants and Acknowledgements.

                    (a)          With respect to the Series 2000-A Notes, the Obligor and the Obligors’ Agent does hereby represent and warrant, as of each Pledge Date:

	
  
 
  	
  
(i)
  	
  
Insolvency.  Each of the Obligor and the Obligors’   Agent is Solvent and will remain Solvent after giving effect to the issuance   of the Series 2000-A Notes and the transactions contemplated by this Series   2000-A Supplement, the Master Facility Agreement and each Series 2000-A   Related Document to which it is a party.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
Principal   Place of Business.    Exhibit F hereto sets forth the principal place of business, state of   incorporation or organization, and chief executive office and the location of   the Contract Files for the Obligor and the Obligors’ Agent.
  

31

	
   
  	
  
(iii)
  	
  
Valid Pledge.  Each Pledge constitutes the grant of a   perfected, first priority security interest in all Pledged Property (other   than any Equipment having a value of $25,000 or less, with respect to which   such security interest is validly granted, but may not be perfected or of   first priority) to the Trustee.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
Governmental   Authorization.    Other than the filing of the financing statements required hereunder,   no authorization or approval or other action by, and no notice to or filing with,   any governmental authority or regulatory body is required for the due   execution, delivery and performance by the Obligor and the Obligors’ Agent of   this Agreement, the Master Facility Agreement and each Series 2000-A Related   Document to which it is a party except for such authorizations, approvals,   actions, notices and filings as have already been obtained, taken or made.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(v)
  	
  
Accuracy of   Information.    All information heretofore furnished in writing by the Obligor or the   Obligors’ Agent to the Trustee or to the Agent for purposes of or in   connection with this Agreement, the Master Facility Agreement and each Series   2000-A Related Document to which it is a party or any Pledge is true,   accurate and complete in every material respect on the date such information   is stated or certified.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vi)
  	
  
Names.  In the past two years, none of the Obligor   nor the Obligors’ Agent has used any corporate names, trade names or assumed   names other than the name in which it has executed this Agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vii)
  	
  
No Adverse   Selection.    The Series 2000-A Contracts have been, and will be, selected by the   Obligors’ Agent in a manner that is not adverse to the interests of the   Trustee or the Series 2000-A Noteholders.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(viii)
  	
  
Eligibility.  Each Series 2000-A Contract being Pledged   on such Pledge Date is an Eligible Contract.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ix)
  	
  
No Event of   Default.  No   Series Event of Default has occurred and is continuing, nor does any   situation exist which, with the giving of notice and/or the passage of time,   would result in the occurrence of a Series Event of Default.
  

32

                    (b)       The Obligor, the Obligors’ Agent, Marlin and the Servicer do hereby covenant, acknowledge and agree that:

	
  
 
  	
  
(i)
  	
  
Access to   Documentation.    The Agent and any of its duly authorized representatives, attorneys or   accountants shall have the same access to the documentation relating to the   Series 2000-A Trust Estate as the Trustee is provided pursuant to Section   6.09 of the Master Agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(ii)
  	
  
Servicer to Indemnify.  The Servicer shall indemnify the Agent and   the Noteholders to the same extent and on the same terms as the Trustee,   pursuant to Section 8.01 of the Master Agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iii)
  	
  
Certain   Consents Required.    The prior written consent of the Agent shall be required for the   Obligor to take any action described in Section 14.03(a) or 14.03(b) of the   Master Agreement; provided, however, that in no event shall   this Section 3.7(b)(iii) require the consent of the Agent for any Take Out.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
Notice of   Return of Final Payment.  The Servicer shall give the Agent notice of any return of final   payment given to the Trustee pursuant to Section 5.06 of the Master   Agreement, at the same time such notice is given to the Trustee.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(v)
  	
  
Acknowledgement   of Obligor.    The Obligor hereby confirms and acknowledges that, by its execution   hereof, (a) it shall be deemed to be a party to the Master Agreement and to   the Master Transfer Agreement for the purpose of making all representations,   warranties and covenants, and being bound by all obligations, applicable to   the Obligor thereunder, to the extent (and only to the extent) such   representations, warranties, covenants and obligations relate to the Series   2000-A Note and/or the Series 2000-A Trust Estate and (b) it confirms the   right and ability of the Obligors’ Agent to execute any and all Series 2000-A   Documents on behalf of such Obligor, and that the Obligors’ Agent’s signature   thereon shall have the same force and effect as if the Obligor was a direct   signatory thereto.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vi)
  	
  
Series   Controlling Party.    The parties hereto acknowledge that the Agent is the “Series   Controlling Party” for purposes of the Master Agreement and this Series   2000-A Supplement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vii)
  	
  
Series   Trustee Secured Obligations.  The “Series Trustee Secured Obligations”   and the “Series Secured Obligations” with respect to the Series 2000-A Notes   shall mean, collectively (a) all amounts due to the Series 2000-A Noteholders   for principal and interest and under the Note Purchase Agreement, (b) any   amounts due to the Agent hereunder and under the Note Purchase Agreement,   either in its individual capacity or on behalf of the Purchasers, (c) any   fees and expenses due to the Trustee or the Back-up Servicer with respect to   the Series 2000-A Notes, and (d) any payments due to any Hedge Counterparty   with respect to the Series 2000-A Note.
  

33

	
  
 
  	
  
(viii)
  	
  
Series   Secured Parties.    The “Series Secured Parties” with respect to the Series 2000-A Note   are the Trustee, the Back-up Servicer, the Agent, the Series 2000-A   Noteholders, and each Hedge Counterparty (the “Series 2000-A Secured   Parties”).
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ix)
  	
  
Original   Servicer Fee Rate.    The “Original Servicer Fee Rate” with respect to the Series 2000-A   Note is the percentage set forth in the definition of “Servicing Fee” herein.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(x)
  	
  
Original   Issue Date.    The “Original Issue Date” with respect to the Series 2000-A Note is   the Series Closing Date.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xi)
  	
  
Limitation   of Allowable Prepayments.  The Servicer shall not accept any Prepayment unless the amount   received in connection therewith is at least equal to the related Prepayment   Amount as of such date, or, if less, unless the Servicer makes a   non-recoverable deposit to the Series 2000-A Facility Account in the amount   of any shortfall (which non-recoverable deposit shall be a “Collection” with   respect to the Series 2000-A Trust Estate).
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xii)
  	
  
Limitation   on Removals.    Notwithstanding Sections 6.12(a) and (b) of the Master Agreement, the   Servicer may not remove any Contract pursuant to such Sections 6.12(a) and   (b) if the aggregate of the Contract Principal Balances removed pursuant to   such Section exceeds ten  percent   (10%) of the then aggregate Contract Principal Balance of all Series 2000-A   Contracts which are Eligible Contracts on such date.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(xiii)
  	
  
Series   Controlling Party to Appoint Successor Servicer with Respect to this Series.  Notwithstanding anything to the contrary   in Section 9.02(a)(i) of the Master Agreement or elsewhere, the Series   Controlling Party will have the sole and exclusive right, without the consent   or approval of the Majority Control Parties or any other Person, to appoint a   successor servicer with respect to the Series 2000-A Trust Estate at any time   after the occurrence of a Series Event of Default with respect to the Series   2000-A Notes or after the termination or resignation of any party acting as   Servicer.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xiv)
  	
  
Terms of   Take-Out.    Immediately following each Take-Out, the Net Investment shall be   reduced to zero.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xv)
  	
  
Equipment   Type.  The   Servicer will not change the Equipment Type classifications on its servicing   system without the prior written consent of the Series Controlling Party.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xvi)
  	
  
Change in   Credit and Collection Policy.  There has been no, nor shall there be any,   material change in the Credit and Collection Policy dated June 1, 2006   without the prior written consent of the Agent, the determination as to   whether such consent shall be given shall be made promptly upon request   therefor.
  

34

	
  
 
  	
  
(xvii)
  	
  
Consolidation.  Marlin shall take such actions as are   necessary to ensure that it shall remain a consolidated subsidiary of Marlin   Business Services Corp. for purposes of GAAP.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xviii)
  	
  
Reserved.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xix)
  	
  
ERISA.  Except as may otherwise be imposed by law,   Marlin has no obligation to provide, and will not have any obligation to   provide, post-retirement medical or life insurance or other death benefits to   any person other than pursuant to the “Marlin Leasing Corporation 401(k)   Profit Sharing Plan” (the “401 (k) Plan”).  Except with respect to the 401(k) Plan, Marlin, does not   currently maintain, have an obligation to contribute to or pay withdrawal   liability to, or have any other obligation with respect to, any “pension   plan” (within the meaning of section 3(2) of ERISA) or any multiemployer plan   (within the meaning of section 3(37) of ERISA).  For purposes  hereof,   all references to “ERISA” shall be deemed to refer to the Employee Retirement   Income Security Act of 1974 (and any sections of the Code), as now in effect and   as it may hereafter be amended or modified, and all

regulations promulgated   thereunder and all references to “Marlin” in this paragraph (xix) shall be   deemed to refer to Marlin and all other entities with which Marlin is   affiliated within the meaning of Section 414(b) and 415(h) of the Code, as   amended by ERISA, and Sections 210(c) and 4001(a)(2) of ERISA.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xx)
  	
  
Substitute   Contracts.    Any Substitute Contract delivered to the Series 2000-A Trust Estate   shall, if delivered during the Amortization Period, in addition to being an   Eligible Contract, have substantially similar characteristics as the Replaced   Contract.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(xxi)
  	
  
Equipment   Filings.  If,   at any time during the term of this facility,  Marlin or any Obligor or the Obligors’ Agent becomes aware that   the aggregate Contract Principal Balance for all Series 2000-A Contracts   having Users located in any one state exceeds 3% of the then aggregate   Contract Principal Balance for all Series 2000-A Contracts, the Obligor   shall, if appropriate Equipment Filings have not been made in such state   and/or the state of incorporation of such Obligor if required by the UCC,   within ten Business Days of so becoming aware, cause UCC-1 financing   statements naming Marlin as debtor/seller and MLR IV LLC as secured party/buyer   and naming MLR IV LLC as debtor and the Trustee as secured party to be filed   with the appropriate registry, sufficient in form to perfect the Trustee’s   security interest in the Equipment located in such state (the filing of any   such UCC-1 financing statement being an
“Equipment Filing”).  At the time of any such Equipment Filing   the Obligor shall also cause to be delivered to the Trustee, the Agent, and   each Rating Agency an opinion of counsel to the effect that such Equipment   Filing is in form sufficient to perfect such security interest in the related   Equipment.
  

35

	
   
  	
  
(xxii)
  	
  
Amendment to   Master Transfer Agreement.  For so long as any Series Secured Obligations remain   outstanding with respect to this Series 2000-A Supplement, the Obligor, the   Obligors’ Agent and Marlin hereby agree that they will not consent to any   agreement pursuant to Section 7.05 of the Master Transfer Agreement or   consent to any amendment to the Master Transfer Agreement pursuant to Section   7.01 of the Master Transfer Agreement without the prior written consent of   the Agent, such consent not to be unreasonably withheld, the determination as   to whether such consent shall be given shall be made promptly upon request   therefor.
  

                    (c)       The Obligor hereby makes each of the representations, warranties and covenants set forth in Section 2.01(a) of the Master Agreement to the Trustee, the Series 2000-A Noteholders, and the Agent on which representations, warranties and covenants the Trustee relies in accepting the Series 2000-A Trust Estate in trust, and on which the Series 2000-A Noteholders have relied in agreeing to purchase the Series 2000-A Notes.  Such representations, warranties and covenants are deemed to be made and affirmed on the Series Closing Date, and shall survive the date of the making or remaking of such representations and warranties.

                    Section 3.08     Hedging Arrangements.

                    (a)       Marlin shall provide for one or more Hedge Agreement(s) with respect to the Series 2000-A Trust Estate with an aggregate notional balance at least $2,000,000 greater than the Outstanding Net Investment and a future aggregate notional balance at least equal to the future principal portion of the Net Investment (calculated at a zero loss and zero prepayment assumption).  Each Hedge Agreement shall:

	
  
 
  	
  
(i)
  	
  
provide for   payments on each Settlement Date (x) which, in the case of a Cap Agreement,   are made only by the Hedge Counterparty to the Trustee, in an amount equal to   the current notional amount of the Hedge Agreement applied to the excess, if   any, of the Base LIBO Rate over the Hedge Rate with respect thereto, and (y)   in the case of a Swap Agreement, are to be made (1) by the Hedge Counterparty   to the Trustee in an amount equal to the current notional amount of the Swap   Agreement applied to the Base LIBO Rate, and (2) by the Obligor to the Hedge   Counterparty in an amount equal to such notional amount applied to the Hedge   Rate with respect thereto (which amounts may be netted, with the net amount   paid by one party to the other);
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
be   satisfactory in form and substance to the Agent;
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(iii)
  	
  
provide that   all payments made by the Hedge Counterparty thereunder shall be made directly   into the Series 2000-A Facility Account;
  

36

	
  
 
  	
  
(iv)
  	
  
provide for   termination at the option of the Obligor upon release of the related Series   2000-A Contracts from the Lien of the Master Agreement;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(v)
  	
  
require the   Hedge Counterparty to find a replacement Hedge Counterparty to execute a new   Hedge Agreement satisfactory to the Agent within 10 Business Days of any   downgrade of the ratings of the Hedge Counterparty below the levels set forth   in the definition of “Hedge Counterparty”, which replacement must meet the   qualifications set forth in the definition of “Hedge Counterparty”;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vi)
  	
  
be between   the related Hedge Counterparty and the Obligor;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vii)
  	
  
if such   Hedge Agreement is a Cap Agreement, be substantially in the form of Exhibit I   hereto; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(viii)
  	
  
if such   Hedge Agreement is a Swap Agreement, be in a form approved in writing by the   Agent in its sole discretion.
  

                    (b)          In the event that a Hedge Counterparty no longer satisfies the ratings requirement specified in the definition thereof and does not itself find a replacement which has executed a Hedge Agreement as required under clause (v) of Section 3.08(a), Marlin shall be required, within 15 Business Days following the failure of such Hedge Counterparty to satisfy such ratings requirement, to provide a substitute Person satisfying the requirements of the definition of Hedge Counterparty to be substituted as the Hedge Counterparty under the applicable Hedge Agreement(s) or to enter into a new Hedge Agreement satisfactory to the Agent.

                    (c)          The Obligor shall not designate an “Early Termination Date” under any Hedge Agreement following any “Event of Default” or “Termination Event” thereunder without the prior written consent of the Series Controlling Party, and must designate such an “Early Termination Event” at the Series Controlling Party direction if the circumstances would permit the Obligor to then make such a designation.

                    (d)          The Obligor shall promptly forward to the Series Controlling Party a copy of any notice received from a Hedge Counterparty relating to any downgrade, withdrawal or suspension of such Hedge Counterparty’s (or such Hedge Counterparty’s guarantor’s) ratings.

                    (e)          The Obligor shall not execute any assignment, assumption, credit support annex, extension, amendment, modification, waiver, confirmation, designation of “Reference Market Makers,” schedule or other agreement in connection with any Hedge Agreement without first obtaining the prior written consent of the Series Controlling Party.  A copy of any such item received by the Obligor, together with a copy of any other notice or communication received by the Obligor in connection with any Hedge Agreement shall be forwarded to the Series Controlling Party promptly on receipt.  Notice of (i) any assignment or transfer by a Hedge Counterparty of any of its rights or obligations under any Hedge Agreement (ii) any assumption, amendment, extension, modification, waiver or event
of default under any Hedge Agreement, and (iii) the Hedge Counterparties entering into any new Hedge Agreement shall be given by the Obligor to each Rating Agency.

37

                    Section 3.09     Lockbox Account.

                    (a)          The Servicer shall establish a Lockbox Account identified as “the Lockbox Account for Marlin Master Facility Agreement, in trust for the Series 2000-A Secured Parties” on behalf of, and in the name of, MLR IV LLC, which shall be an Eligible Bank Account.  The Servicer shall direct each User to make all payments with respect to the Series 2000-A Contracts which are due after the related Pledge Date directly to the Lockbox Account.  Any notice delivered pursuant to the preceding sentence of this Section 3.09 after the date hereof shall provide that (i) it is irrevocable except by, or a notice accompanied by written consent of, the Series Controlling Party and (ii) the User will only be discharged from its obligations under the Series 2000-A Contract to the extent
payments are sent to the Lockbox Account.

                    (b)          The Servicer shall issue and maintain a standing instruction to the Lockbox Bank under the Lockbox Agreement to the effect that (x) on each Business Day the Lockbox Bank shall (i) cause all items received in the post-office box related to the Lockbox Account since the preceding Business Day relating to the Series 2000-A Contracts to be deposited into the Lockbox Account, and (ii) remit by electronic funds transfer, into the Series 2000-A Facility Account all available funds on deposit in the Lockbox Account and (y) if the Lockbox Bank receives a written notice from the Series Controlling Party stating that a Series Event of Default has occurred hereunder, the Lockbox Bank shall thereafter follow such directions as it may thereafter receive from the Series Controlling Party with
respect to Collections on the Series 2000-A Contracts, and shall not thereafter follow any directions of the Servicer (unless otherwise directed by the Series Controlling Party).  Such standing instruction shall be evidenced by an agreement with the Lockbox Bank in form and substance acceptable to the Series Controlling Party.  The Servicer will transfer any payments it receives directly rather than by payment to the Lockbox Account by or on behalf of the Users pursuant to the Series 2000-A Contracts and all Recoveries in respect thereof to the Series 2000-A Facility Account immediately upon receipt thereof.

                    (c)          Neither the Servicer, any Obligor nor any Affiliate thereof shall direct or shall have directed any payments to be remitted to the Lockbox Account unless such payments relate to the Series 2000-A Contracts, or to Contracts relating to other Series of Notes assigned to Group B.

                    Section 3.10     Replacement of Servicer.

                    (a)          Notwithstanding anything in Section 9.05(b) of the Master Agreement or elsewhere, no termination or resignation of the Servicer shall be effective unless a successor servicer acceptable to the Series Controlling Party has accepted its appointment as Servicer.

                    (b)          For purposes of determining the rights of the Series Controlling Party for the Series 2000-A Notes to terminate the Servicer after the occurrence of a Servicer Termination Event, the words “so long as an Event of Servicer Termination shall be continuing,” after the phrase “in each and every case” in Section 9.01(a) of the Master Agreement shall be disregarded.

                    Section 3.11     Amendment of Master Agreement.

38

                    No supplement, amendment or modification of the Master Agreement pursuant to Section 13.01(b), Section 13.01(c) thereof or otherwise shall be effective with respect to the Series 2000-A Notes without the written consent of the Series Controlling Party for the Series 2000-A Notes.

                    Section 3.12     Payment on the Termination Date.

                              All principal of and accrued unpaid interest on the Series 2000-A Notes will be due and payable on the Termination Date.

ARTICLE IV

SERIES PRINCIPAL AMOUNT FOR SERIES 2000-A

                    Section 4.01     Advances.

                    (a)          The Trustee shall deliver the Series 2000-A Note when authenticated as directed in writing by the Obligor, and in accordance with Section 5.01 of the Master Agreement.

                    (b)          The Agent on behalf of the Series 2000-A Noteholders agrees, by its acceptance of the Series 2000-A Note, that the Obligors’ Agent may, during the Revolving Period, on any Business Day, but not more frequently than weekly (a “Pledge Date”), request upon not less than three (3) Business Days’ prior written notice (to be delivered not later than 4:00 p.m. New York time) in the form set forth in Exhibit G hereto (a “Pledge Notice”) delivered to the Agent, the Servicer and the Trustee, and upon satisfaction of the conditions set forth in the Note Purchase Agreement and in this Section 4.01, that the Agent remit to the Obligors’ Agent an amount, to the extent received by the Agent from Purchasers under the Note Purchase Agreement,
representing an increase in the Series 2000-A Noteholders’ investment in the Series 2000-A Notes (each such increase in investment, an “Advance”) in an amount equal to the related Advance Amount.

                    (c)          The Obligor shall Pledge the Pledged Property to the Trustee to be held in trust as part of the Series 2000-A Trust Estate in connection with the delivery of each Pledge Notice.  Each Pledge Notice shall specify:

	
  
 
  	
  
(i)
  	
  
the proposed   Pledge Date,
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
the related   List of Contracts;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iii)
  	
  
the amount   of the related Advance Amount, which shall not be less than  $1,000,000 except as provided in paragraph   (e) below;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
the Purchase   Price Percentage for such Pledge;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(v)
  	
  
the Hedge   Rate applicable to such Series 2000-A Contracts;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vi)
  	
  
the   aggregate Contract Principal Balance of all Series 2000-A Contracts being Pledged;   and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vii)
  	
  
the   Borrowing Base immediately prior to such Pledge and the Pro Forma Borrowing   Base.
  

39

                    (d)       No Advance will be funded with respect to any Series 2000-A Contract nor shall any Collections Withdrawal (as defined below) take place unless:

	
  
 
  	
  
(i)
  	
  
the Trustee   has previously delivered its Certification (as defined in the Collateral   Administration Agreement) with respect thereto, which Certification shall   indicate that (1) the Trustee is holding the related Series 2000-A Contracts   pursuant to the Collateral Administration Agreement and (2) there is no   Deficiency (as defined in the Collateral Administration Agreement) with   respect to such Series 2000-A Contract;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
no Series   Event of Default or event which, with the giving of notice and/or the passage   of time, would constitute a Series Event of Default, shall have occurred and   be continuing;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iii)
  	
  
after giving   effect to the proposed Advance or Collections Withdrawal, as applicable, the   Net Investment shall not exceed the lesser of (x) the Borrowing Base and (y)   the Maximum Series Limit as of such date;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
the   representations and warranties of the Obligor under the Series 2000-A Related   Documents are true and correct in all material respects as of the related   Pledge Date, unless such representation and warranty speaks only as of a   particular date;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(v)
  	
  
the   Termination Date has not occurred; and
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(vi)
  	
  
the Agent   shall have received all such other documents, opinions and other information   as it shall have reasonably requested not fewer than ten Business Days in   advance.
  

                    (e)        In addition to the provisions of paragraph (b) above, in which a pledge of additional Series 2000-A Contracts results in an increase in the Series 2000-A Note Balance, during the Revolving Period, a Pledge of additional Series 2000-A Contracts may also be funded from the monthly cash flow, as set forth in clause fourteenth of Section 3.03(a)(i) (any payment made pursuant to such clause fourteenth, a “Collections Withdrawal”).  In connection with such a Pledge, the Obligor, upon satisfaction of the applicable conditions set forth in paragraphs (b), (c) and (d) above, may Pledge such additional Series 2000-A Contracts to the Trustee to hold in trust as part of the Series 2000-A Trust Estate without receiving any additional Advance Amount from the Purchasers, but in
consideration of receiving the Advance Amount paid under clause fourteenth of Section 3.03(a)(i) hereof, by delivering a Pledge Notice to the Trustee, and the Agent, not less than three (3) Business Days prior to the proposed Pledge Date (which shall be a Settlement Date).

                    (f)        In addition to the provisions of paragraphs (b) and (e) above, in which a Pledge of additional Series 2000-A Contracts is funded by the Purchasers, or is made to sustain the revolving nature of the facility, the Obligor, upon satisfaction of the applicable conditions set forth in paragraphs (c) and (d) above, may Pledge Pledged Property to the Trustee to be held in trust as part of the Series 2000-A Trust Estate without receiving any additional Advance Amount, by delivering a Pledge Notice to the Trustee not less than three (3) Business Days prior to the proposed Pledge Date (which shall be a Business Day, but need not be a Settlement Date).

40

                    (g)          If a Purchaser makes an Advance in accordance with paragraph (b) above, the Agent shall remit the related Advance Amount to the Series 2000-A Facility Account or to such other account as the Obligors’ Agent may specify in writing, in immediately available funds, no later than 12:00 noon (New York City time).  The Servicer shall notify the Trustee and the Agent of the amount of such Advance Amount and shall appropriately note such Advance Amount (and the increased Series 2000-A Note Balance) on the next succeeding monthly Servicer’s Certificate.

                    (h)          The Agent shall and is hereby authorized to record on the grid attached to the Series 2000-A Note (or at the Agent’s option, in its internal books and records) the date and amount of any Advance Amount paid by it on behalf of a Purchaser, and each repayment thereof; provided, that failure to make any such recordation on such grid or any error in such grid shall not adversely affect the Agent’s rights with respect to the full Series 2000-A Note Balance and its right to receive interest payments in respect of the Series 2000-A Note Balance.

                    (i)          The Obligor or the Obligors’ Agent may, within 180 days, but no later than 45 days, prior to the then existing Termination Date, by written notice to the Agent, make written request to extend the Termination Date for an additional period of 364 days.  The Agent shall independently make a determination, in its sole discretion and after a full credit review, not more than 30 days after it receives the written notice from the Obligor or the Obligors’ Agent requesting the extension of the Termination Date prior to the then applicable Termination Date as to whether or not the Agent will agree to extend the Termination Date; provided, however, that the failure to make a timely response to the Obligor’s or the Obligors’ Agent’s request for
extension of the Termination Date shall be deemed to constitute a refusal to extend the Commitment Termination Date.

ARTICLE V

SERIES EVENTS OF DEFAULT

                    Section 5.01     Series Events of Default.  If any one of the following shall occur:

                    (a)          the Obligor or the Servicer shall fail to make when due and payable any payment or deposit required hereunder or under any other Series 2000-A Related Document, in any case on or before the date occurring one (1) Business Day after the date such payment or deposit shall become due; or

                    (b)          the Obligor or the Transferor shall fail to perform or observe any covenant with respect to such Person set forth in any Series 2000-A Related Document, and such failure shall remain unremedied for ten (10) Business Days after the earlier to occur of (1) the discovery thereof by the Obligor or (2) the receipt by the Obligors’ Agent of written notice thereof from the Trustee or the Agent; or

41

                    (c)          any representation or warranty made by the Obligor, the Servicer or the Transferor in any Series 2000-A Related Document or in any other document delivered pursuant thereto shall prove to have been incorrect when made or deemed made and continues to be incorrect for a period of ten (10) Business Days after the earlier to occur of (1) the discovery thereof by the Obligor or (2) the receipt by the Obligors’ Agent of written notice thereof from the Trustee or the Agent; or

                    (d)          an Insolvency Event shall occur with respect to the Transferor, the Obligor, the Obligors’ Agent, or the Servicer; or

                    (e)          the Net Investment exceeds the lesser of the Maximum Series Limit and the Borrowing Base (x) for three consecutive Business Days or (y) as of the close of business on any Settlement Date; or

                    (f)          the Trustee on behalf of the Series 2000-A Secured Parties shall fail to have a valid and perfected first priority security interest in either (x) the Series 2000-A Contracts or (y) items of Equipment having an Original Equipment cost in excess of $25,000  and, in the case of this clause (y), relating to a material portion of the Equipment in the Series 2000-A Trust Estate;

                    (g)          (x) the Obligor shall fail to pay any principal of or premium or interest on any indebtedness when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) or (y) the Servicer or the Transferor shall fail to pay any principal of or premium or interest on any indebtedness having a principal amount of $1,000,000 or greater when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) and, with respect to both clauses (x) and (y), any such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such indebtedness; or any other default under any agreement or instrument relating to any
such indebtedness of any Obligor, the Servicer or the Transferor or any other event shall occur and shall continue after the applicable grace period, if any, specified in such agreement or instrument if the effect of such default or event is to accelerate, or to permit the acceleration of, the maturity of such indebtedness; or any such indebtedness shall be declared to be due and payable or required to be prepaid (other than by a regularly scheduled required prepayment) prior to the stated maturity thereof; or

                    (h)          an Event of Servicer Termination shall have occurred and be continuing; or

                    (i)          a material adverse change shall occur in the operations or financial condition of Marlin, the Servicer, the Obligor or the Obligors’ Agent or any other event shall occur the effect of which is to materially and adversely affect the collectibility of the Series 2000-A Contracts generally or the ability of Marlin, the Servicer, the Obligor or the Obligors’ Agent to perform its respective duties under the Series 2000-A Related Documents; or

                    (j)          Marlin shall (i) default on a payment obligation (and such default is not cured within any applicable cure period and which default is not waived) or a termination event shall occur, in either case, with respect to any on or off-balance sheet financing or (ii) default (in a manner other than a payment default) on any debt obligation with an outstanding balance in excess of $1,000,000; or

42

                    (k)          Marlin ceases to own (directly or indirectly) one hundred percent of the capital stock or membership interests of the Obligor; or

                    (l)          Marlin, the Transferor, the Obligors’ Agent, the Servicer or the Obligor shall enter into any transaction or merger in which it is not the surviving entity without the consent of the Agent (which consent shall not be unreasonably withheld); or

                    (m)          at any time, the Three-Month Rolling Average 31 to 60 Day  Portfolio Delinquency Rate exceeds 6.5%, or the Three-Month Rolling Average 61 to 90 Day Portfolio Delinquency Rate exceeds 2.0%, or the Three-Month Rolling Average 91 Plus Day Portfolio Delinquency Rate exceeds 1.0%, or the Three-Month Rolling Average Portfolio Charged-Off Ratio is in excess of 3.00%; or

                    (n)          The Three-Month Rolling Average 31 to 60 Day Delinquency Ratio exceeds 8.0%, or the Three-Month Rolling Average 61 to 90 Day Delinquency Ratio exceeds 2.0%, or the Three-Month Rolling Average 91 Plus Day Delinquency Ratio exceeds 1.0%, in each case which is calculated for the first time in the fourth month after the Series Closing Date or after a Take-Out, as applicable; or

                    (o)          at any time, the Three-Month Rolling Average Charged-Off Ratio exceeds the Applicable Trigger Charged-Off Ratio; or

                    (p)          Marlin’s Tangible Net Worth as of the end of any calendar quarter is less than the sum of (x) $45,000,000 plus (y) 75% of all of Marlin’s positive net income (less dividends accrued on preferred stock) earned since December 31, 2003; or

                    (q)          Marlin’s Debt-to-Equity Ratio as of the end of any calendar quarter exceeds 10.0; or

                    (r)          Marlin records a financial loss on any quarterly or annual financial statements in excess of $100,000; or 

                    (s)          Marlin’s annual audited financial statements are qualified in any manner; or

                    (t)          a Hedge Counterparty fails to satisfy the definition thereof and is not replaced within fifteen (15) Business Days with a Person satisfying the definition thereof; or

                    (u)          either Daniel P. Dyer or Gary Shivers is no longer an officer of Marlin, is no longer involved in the day to day operations of Marlin, or is unable to work for six consecutive months and is not replaced by new personnel reasonably acceptable to the Agent within 180 days of the occurrence of such event; or

43

                    (v)          as of any Settlement Date, the aggregate notional balances applicable to all Hedging Agreements:

	
  
 
  	
  
(i)
  	
  
if all such   Hedging Agreements are Cap Agreements,    are less than the Net Investment as of such Settlement Date; and
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
if not all   such Hedging Agreements are Cap Agreements:
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
(a)
  	
  
during the   Revolving Period, are less than or greater than the Net Investment as of such   Settlement Date by an amount (y) in excess of five percent of the Net   Investment as of such Settlement Date or (z) in excess of one percent of the   Net Investment as of the end of any calendar quarter; or
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
(b)
  	
  
during the   Amortization Period, are less than or greater than the Net Investment as of   such Settlement Date by an amount in excess of five percent of the Net   Investment as of such Settlement Date; or
  

                    (w)          any Series 2000-A Note or any other Note shall cease to constitute debt of the Obligor for federal income tax purposes; or

                    (x)          the Termination Date shall have occurred; or

                    (y)          At any time, Marlin fails to maintain unused commitment availability under credit facilities for the warehousing or financing of collateral or for general corporate purposes at a minimum level of thirty (30%) percent of Marlin’s cumulative originations for the immediately preceding three month period; provided, however, that such minimum level shall be exclusive of the credit facility contemplated herein; or

                    (z)          the Interest Coverage Ratio at the end of any calendar quarter is less than 1.50:1, measured quarterly on a rolling four quarter basis;

then, and in any such event, a “Series Event of Default” shall be deemed to have occurred.

                    At any time following the occurrence and during the continuance of any Series Event of Default, the Series Controlling Party may, by notice to the Obligors’ Agent, declare the occurrence of  the Termination Date, except that, in the case of any event described in subparagraph (d) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event.

                    Upon the declaration or automatic occurrence of the Termination Date pursuant to the preceding paragraph, the Series 2000-A Note and all other indebtedness and liabilities of the Obligor and the Transferor to the Series 2000-A Secured Parties shall become immediately due and payable, without any further act or notice by any Person.  Upon any occurrence of a Series Event of Default, the Trustee and the Series 2000-A Secured Parties shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of the applicable jurisdiction and other applicable laws, which rights shall be cumulative; provided, however, that in the absence of material fraud on the part of the Transferor, the Obligor or the Servicer, and so long as no Series Event of Default shall
have occurred under clause (d) above, the Series Controlling Party shall not direct the Trustee to liquidate the Series 2000-A Trust Estate during the ninety (90) day period immediately following the occurrence of such Series Event of Default.

44

                    Any Series Event of Default having occurred or any declaration of the Termination Date may be waived or rescinded by the Series Controlling Party, on such terms and conditions as may be stipulated by the Series Controlling Party at such time.

                    The Trustee shall promptly send a written notice to Moody’s and to Standard & Poor’s of the occurrence of, and the waiver of, any Series Event of Default, to the extent that the Trustee has actual knowledge of, or has received notice of, any such occurrence or waiver.

                    Direction by the Agent.  Notwithstanding anything contained herein to the contrary, if a Series Event of Default has occurred and is continuing, the Agent shall have the sole right (to the exclusion of the Owners) to direct the Trustee as to any and all remedies to be sought or taken under this Series 2000-A Supplement and the Trustee shall not exercise any such remedies unless directed by the Agent.  

ARTICLE VI

PREPAYMENT AND REDEMPTION

                    Section 6.01     Mandatory Prepayment.  Notwithstanding any limitation on recourse contained in this Series 2000-A Supplement or the Master Agreement, if on any day, any Series 2000-A Contract is discovered not to have been an Eligible Contract on its applicable Pledge Date, then the Obligor shall, on or prior to the Business Day preceding the next following Settlement Date, deliver to the Servicer for deposit in the Series 2000-A Facility Account, the related Prepayment Amount.  Upon payment in full by the Obligors’ Agent to the Servicer of the Prepayment Amount, the security interest of the Trustee in the related Series 2000-A Contract and the Related Security shall be deemed released, and the Trustee shall, upon written request, promptly deliver to the Obligor any documents in the Trustee’s
possession evidencing the Series 2000-A Contract and its interest in such Equipment related thereto and such Related Security.  The Trustee shall take all actions at the expense of and at the request of the Servicer to ensure that such security interest is released, including, at the Obligor’s expense, execute such UCC-3 assignments, termination statements and other documents as may reasonably be requested and prepared by the Obligors’ Agent.

                    Section 6.02     Optional Redemption.

                    (a)          “Clean-Up Call” Redemption.  On any Settlement Date occurring on or after the date upon which the Series 2000-A Note Balance shall have been reduced to an amount which is less than or equal to 15% of the Maximum Series Limit, the Obligor shall have the option to redeem the outstanding Series 2000-A Note at a redemption price (the “Redemption Price”) equal to the outstanding Series 2000-A Note Balance of the Series 2000-A Notes, plus all accrued and unpaid interest thereon and all fees and other amounts owing to the Agent on behalf of the Purchasers in connection therewith.  The Obligors’ Agent shall give the Servicer, the Trustee and the Agent at least 30 days’ irrevocable prior written notice of the date on which the Obligor
intends to exercise such option to purchase.  Not later than 12:00 P.M., New York City time, on such Settlement Date the Obligor shall remit such amount to the Agent (by wire transfer to an account to be designated by the Agent, which designation may be a standing wire direction) in immediately available funds.  Such purchase option is subject to payment in full of the Redemption Price.  The Agent shall promptly thereafter distribute the applicable amounts to each of the applicable Purchasers in accordance with their respective interests therein.

45

                    Section 6.03     Tender of Series 2000-A Note.  The Obligors’ Agent may request the Agent to tender to the Trustee all or a portion of the Series 2000-A Note that it then holds, provided that such tender shall only take place if:

                    (a)          (i)  the Agent and the Trustee have received written and irrevocable notice on or before the last day of the Collection Period most recently ended prior to, and in any event at least 10 days prior to any date set for such tender and the Agent has consented to such tender (which consent shall not be unreasonably withheld) and (ii) the Trustee shall have received written and irrevocable notice of the election described in subsection (b)(i) and (b)(ii) below, and in the event such election is that described in (b)(ii) such payment will be deposited with the Trustee with instructions to pay the Agent;

                    (b)          upon the date set for tender, the Agent shall receive either (i) if it so elects, in lieu of payment, a new Series of Notes or (ii) payment in an amount equal to the then Series 2000-A Note Balance being tendered, plus interest accrued but unpaid on such Series 2000-A Note to, but not including, the date of tender, together with all other fees and amounts then due and payable or relating to the Series 2000-A Note Balance being tendered, or to the related Series 2000-A Noteholders pursuant to the terms hereof, or of the Note Purchase Agreement; and

                    (c)          the purchaser of any Series 2000-A Notes so tendered shall not be the Obligor or any Affiliate of the Obligor.

                    The provisions of this Section 6.03 shall apply whether or not a Series Event of Default shall have occurred and then be in effect.

ARTICLE VII

MISCELLANEOUS

                    Section 7.01     Agent Authorized to Act for the Purchasers; Notices.  The parties hereto acknowledge that the Agent is authorized, pursuant to the terms of the Note Purchase Agreement, to act for the Purchasers, including, without limitation, for purposes of receiving distributions as described in this Series 2000-A Supplement on behalf of such Purchasers.  Notwithstanding anything to the contrary in the Master Agreement or this Series 2000-A Supplement, the Trustee and the Servicer shall deliver all notices and distributions to be made to the Agent as the registered owner of a Series 2000-A Note and such delivery shall be deemed to comply with all requirements of the Master Agreement.  All notices, demands and requests to the Agent pursuant to the Master Agreement or this Series 2000-A Supplement,
in each case, be in writing and shall be deemed duly given if personally delivered at, mailed by overnight courier to, or sent by facsimile transmission to Deutsche Bank AG, New York Branch, 60 Wall Street, New York, N.Y. 10005, Fax (212) 797-5160, Attention: Portfolio Management or at such other address or facsimile number as shall be designated by the Agent in a written notice to each party hereto.

46

                    Section 7.02     Ratification of Master Agreement.  As supplemented by this Series 2000-A Supplement, the Master Agreement is in all respects ratified and confirmed and the Master Agreement, as so supplemented by this Series 2000-A Supplement shall be read, taken and construed as one and the same instrument.

                    Section 7.03     Counterparts.  This Series 2000-A Supplement may be executed in one or more counterparts, each of which so executed shall be deemed to be an original, but all of which shall together constitute but one and the same instrument.

                    Section 7.04     GOVERNING LAW.  THIS SERIES 2000-A SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT TAKING INTO ACCOUNT THE CONFLICT OF LAWS PRINCIPLES OF ANY JURISDICTION.

                    Section 7.05     Amendments and Waivers.

                    (a)     Notwithstanding anything contained in the Master Agreement to the contrary, no term or condition of this Series 2000-A Supplement shall be amended, modified, waived or terminated without  the prior written consent of the Obligors’ Agent, the Servicer, the Trustee and the Agent.

                    (b)     No waiver with respect to any term or condition of the Master Agreement or this Series 2000-A Supplement shall extend to any subsequent or other event, circumstance or default or impair any right consequent thereon except to the extent expressly so waived.

                    (c)     Notice of any amendment of this Series 2000-A Supplement or of the Master Agreement shall be forwarded to Standard & Poor’s by the Servicer.

                    Section 7.06     Non-petition Clause.  By its acceptance of the Series 2000-A Note on behalf of the Purchasers, the Agent on behalf of itself and the Purchasers shall be deemed to have agreed that prior to the date which is one year and one day after the termination of the Master Agreement, such Person shall not acquiesce, petition or otherwise invoke or cause the Obligor or the Obligors’ Agent to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against the Obligor under any Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of or for the Obligor or the Obligors’ Agent or any substantial part of its property or ordering the winding-up or
liquidation of the affairs of the Obligor or the Obligors’ Agent.

47

                    Section 7.07     Certain Information.  Certain information concerning the Obligor or the Obligors’ Agent and the Servicer is set forth in Exhibit F hereto, which the Obligor or the Obligors’ Agent and the Servicer hereby represent and warrant to the Trustee and the Agent as being accurate.

                    Section 7.08     Consent to the Amendment and Restatement of the Master Transfer Agreement.  The Trustee, the Servicer and the Agent hereby consent to the execution of the Amended and Restated Master Lease Acquisition and Sale Agreement dated as of September 28, 2006, by and between Marlin and the Obligors’ Agent.  

                    Section 7.09     Termination.  The obligations of the parties hereto shall continue until all obligations owing to the Series 2000-A Noteholders and the Series 2000-A Secured Parties herein and under the other Series 2000-A Related Documents have been indefeasibly paid in full.

                    Section
7.10     Issuance of Additional Series of
Notes.  So long as the Series 2000-A Notes are outstanding no
additional Series of Notes may be issued pursuant to the Master Agreement and no
debt may be issued by the Obligor and/or the Obligors’ Agent without the
prior written consent of the Agent.

48

                    IN WITNESS WHEREOF, the Obligor, the Obligors’ Agent, and Marlin, in its individual capacity and as the Servicer, the Agent and the Trustee have caused this Series 2000-A Supplement to be fully executed by their respective officers as of the day and year first above written.

	
  
 
  	
  
MARLIN   LEASING CORPORATION,
  
	  
	  
	in its individual capacity and as Servicer 
	
   
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/ George   D. Pelose
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
George D.   Pelose
  
	
  
 
  	
  
Title:
  	
  
Executive   Vice President
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
MARLIN   LEASING RECEIVABLES CORP. IV, 
  
	  
	  
	as the Obligors’ Agent
	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/ George   D. Pelose
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
George D.   Pelose
  
	
  
 
  	
  
Title: 
  	
  
Vice   President
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
MARLIN   LEASING RECEIVABLES IV LLC,
  
	 
	  
	 as the Obligor

	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:  
  	
  
MARLIN   LEASING RECEIVABLES CORP. IV,
  
	
  
 
  	
  
 
  	
  
as Managing   Member
  
	
   
 	
  
 
  	
  
 
  
	
   
 	
   
  	
  
 
  
	
  
 
  	
  
By:
  	
  
George D.   Pelose
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name: 
  	
  
George D.   Pelose
  
	
  
 
  	
  
Title: 
  	
  
Vice   President
  

	
  
 
  	
  
DEUTSCHE   BANK AG, NEW YORK BRANCH, 
  
	  
	  
	 as Agent

	
   
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
Title:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
   
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
Title:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
WELLS FARGO   BANK, N.A., as Trustee
  
	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
   
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
Title:
  	
  
 
  

Schedule 1

Hedge Counterparties

Barclays Bank PLC.

Deutsche Bank AG, New York Branch

ABN AMRO Bank N.V.

EXHIBIT A

FORM OF SERIES 2000-A NOTE

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR REGULATORY AUTHORITY OF ANY STATE.  THIS NOTE HAS BEEN OFFERED AND SOLD PRIVATELY.  THE HOLDER HEREOF ACKNOWLEDGES THAT THESE SECURITIES ARE “RESTRICTED SECURITIES” THAT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND AGREES FOR THE BENEFIT OF THE OBLIGORS AND THEIR AFFILIATES THAT THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) (1) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A OR (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), IN EACH CASE IN ACCORDANCE WITH ANY
APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION AND (B) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED PURCHASER WITHIN THE MEANING OF THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED. THE TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE MASTER FACILITY AGREEMENT AND THE SERIES SUPPLEMENT REFERRED TO HEREIN.

NEITHER THIS NOTE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED TO AN EMPLOYEE BENEFIT PLAN, TRUST OR ACCOUNT SUBJECT TO TITLE I OF THE EMPLOYMENT RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR DESCRIBED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING AN INDIVIDUAL RETIREMENT ACCOUNT.

NEITHER THIS NOTE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED, ASSIGNED, EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED, EXCEPT IN ACCORDANCE WITH THE MASTER FACILITY AGREEMENT AND SERIES SUPPLEMENT REFERRED TO HEREIN.

	
  
No. 1
  	
  
$125,000,000
  

MARLIN LEASING RECEIVABLES MASTER ASSET-BACKED FINANCING FACILITY,
 SERIES 2000-A NOTE

A-1

MARLIN LEASING CORPORATION,
 as the Servicer, and

MARLIN LEASING RECEIVABLES IV LLC,
 as the Obligor

(Not an interest in or obligation of Marlin Leasing Corporation, or its affiliates, other than Marlin Leasing Receivables IV LLC)

                    This certifies that DEUTSCHE BANK AG, NEW YORK BRANCH (the “Series 2000-A Noteholder”) is the registered owner of this Series 2000-A Note (the “Series Note”) issued by Marlin Leasing Receivables IV LLC (“MLR IV LLC”), (the “Obligor”), created pursuant to that certain Master Lease Receivables Asset-Backed Financing Facility Agreement, dated as of December 1, 2000 (as the same has been and may be further amended, restated, supplemented or otherwise modified from time to time, the “Master Facility Agreement”), by and among Marlin Leasing Corporation (the “Servicer”), Marlin Leasing Receivables Corp. IV (“MLR IV”), as Obligors’ Agent (in such capacity, the “Obligors’ Agent”), and Wells Fargo Bank, N.A., as trustee and back-up servicer (the
“Trustee”)

                    To the extent not otherwise defined herein, capitalized terms used herein have the meanings assigned in the Master Facility Agreement or the Series Supplement (as hereinafter defined), as applicable.  This Series Note is issued under and is subject to the terms, provisions and conditions of the Second Amended and Restated Series 2000-A Supplement to the Master Facility Agreement, dated as of September 28, 2006 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Series Supplement”) among the Servicer, the Series Obligor, the Obligors’ Agent, the Trustee and Deutsche Bank AG, New York Branch, as Agent (the “Agent”), to which the Series 2000-A Noteholder, by virtue of its acceptance hereof, assents and by which the Series 2000-A Noteholder is bound.

                    The Series Obligor has pledged to the Trustee for the benefit of the Series 2000-A Secured Parties, and the Trustee has accepted the pledge of, all of the Series Obligor’s now owned and existing and hereafter acquired or arising right, title and interest in and to the Series 2000-A Trust Estate described in the Series 2000-A Supplement.

                    It is the intent of the Obligor and the Series 2000-A Noteholder that, for federal, state and local income and franchise tax purposes, the Series Note will be evidence of indebtedness of the Series Obligor.  The Series Obligor and the Series 2000-A Noteholder, by the acceptance of this Series Note, agree to treat this Series Note for federal, state and local income and franchise tax purposes as indebtedness of the Series Obligor secured by the Series 2000-A Trust Estate.

                    Subject to, and in accordance with, the terms and conditions of the Series Note and the Series Supplement, the Series 2000-A Note Balance (the “Series Note Balance”) may from time to time be increased; provided that the outstanding principal balance of this Series Note shall not exceed the dollar amount first above written.

A-2

                    The Agent, on behalf of the Purchasers, is authorized to record, on the schedule annexed thereto and made a part hereof or on other appropriate records of the Agent, the date and amount of each Advance made by the Purchasers, each continuation thereof, the interest rate from time to time on each Advance and the date and amount of each payment or repayment of principal thereof.  Any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure of the Agent to make any such recordation (or any error in such recordation) shall not affect the obligations of the Series Obligor hereunder or under the Series Supplement and Master Facility Agreement in respect of this Series Note.

                    The Master Facility Agreement and the Series Supplement permit, with certain exceptions, the amendment thereof and the modification of the rights and obligations of the Series Obligor, the Servicer and the Trustee and the rights of the Series 2000-A Noteholder under the Master Facility Agreement or the Series Supplement at any time by the Servicer, the Series Obligor and the Trustee without, in certain cases, the consent of the Series 2000-A Noteholder, as more particularly described in the Master Facility Agreement and the Series Supplement.

                    The transfer of this Series Note is subject to certain restrictions set forth in the Master Facility Agreement, the Series Supplement and the Note Purchase Agreement.

                    The Servicer, the Trustee and any agent of the foregoing may treat the person in whose name this Series Note is registered as the owner for all purposes, and none of the foregoing shall be affected by any notice to the contrary.

                    Unless the certificate of authentication attached hereto has been executed by or on behalf of the Trustee, by manual or facsimile signature, this Series Note shall not be entitled to any benefit under the Master Facility Agreement or the Series Supplement or be valid for any purpose.

A-3

                    IN WITNESS WHEREOF, the Series Obligor has caused this Series Note to be duly executed and authenticated.

Dated as of __________, 2006

	
  
 
  	
  
 
  	
  
 
  	
  
MARLIN   LEASING RECEIVABLES IV LLC
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
By:
  	
  
MARLIN   LEASING RECEIVABLES IV, as Managing Member
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  

  
	
   
  	
  
 
  	
  
 
  	
  
Title:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
Attested:
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  By:
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  
	
  
Title:
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  

A-4

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

                    This is one of the Series Notes designated herein referred to in the within-mentioned Master Facility Agreement and the within-mentioned Series Supplement thereto.

	
  
 
  	
  
[______________________________]
  
	
  
 
  	
  
 
  	
  
as Trustee
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
Authorized   Signatory
  

A-5

Schedule to Series 2000-A Note

	
  
Date
  	
  
 
  	
  
Amount
   of Advance
  	
  
 
  	
  
Amount of
   Principal Repaid
  	
  
 
  	
  
Total   Principal
   Outstanding
  
	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
   
 	
   
  	
  
 
  	
   
 	
  
 
  	
   
 	
  
 
  	
   
 
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
   
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
   
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
   
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  

  	
  
 
  	
  
$
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  

A-6

EXHIBIT B

[RESERVED]

B-1

EXHIBIT C

Instructions for sending wires to the Agent on behalf of the Noteholders pursuant to Section 3.03(b):

C-1

EXHIBIT D

FORM OF SERVICER’S CERTIFICATE

D-1

EXHIBIT E

FORM OF CONTRACTS

E-1

EXHIBIT F

PLACES OF BUSINESS OF THE OBLIGOR AND THE SERVICER; LOCATIONS OF RECORDS; FEDERAL EMPLOYER IDENTIFICATION NUMBERS

	
  
A
  	
  
Obligor
  	
  
 
  	
  
Marlin   Leasing Receivables IV LLC
  
	
  
 
  	
  
1.
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
a
  	
  
 
  	
  
Chief   Executive Office and Principal Place of Business
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
2215 B5   Renaissance Drive
  
	
  
 
  	
  
 
  	
  
 
  	
  
Las Vegas,   Nevada  89119
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
b
  	
  
 
  	
  
Other   Locations of Records
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
300   Fellowship Road
  
	
  
 
  	
  
 
  	
  
 
  	
  
Mt. Laurel,   New Jersey  08054
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
c
  	
  
 
  	
  
FEIN:   52-2282213
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
d
  	
  
 
  	
  
State of   Organization:  Nevada
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
B
  	
  
Servicer
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
1
  	
  
 
  	
  
Marlin   Leasing Corporation
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
Chief   Executive Office and Principal Place of Business
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
300   Fellowship Road
  
	
  
 
  	
  
 
  	
  
Mt. Laurel,   New Jersey  08054
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
2
  	
  
 
  	
  
Other   Locations of Records
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
None
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
3
  	
  
 
  	
  
Servicer’s   FEIN:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
22-3520555
  
	  
	  
	  
	  
	  

	
   
  	
  
4
  	
  
 
  	
  
State of   Incorporation:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Delaware
  

F-1

EXHIBIT G

FORM OF PLEDGE NOTICE

[DATE]

	
  
TO:
  	
  
Deutsche   Bank AG, New York Branch
  	
  
Wells Fargo   Bank, N.A.
  
	
   
  	
  
60 Wall   Street
  	
  
MAC   N9311-161
  
	
  
 
  	
  
New York,   New York  10005
  	
  
Sixth Street   and Marquette Avenue
  
	
  
 
  	
  
Attention:  Portfolio Management
  	
  
Minneapolis,   Minnesota  55479
  
	
  
 
  	
  
 
  	
  
Attention:        Corporate   Trust Services -
  
	
  
 
  	
  
Marlin   Leasing Corporation
  	
  
                        Asset   Backed
  
	
  
 
  	
  
300   Fellowship Road
  	
  
                        Administration
  
	
   
  	
  
Mt. Laurel,   New Jersey  08054
  	
  
 
  
	
  
 
  	
  
Attention:  Dan Dyer
  	
  
 
  

                    Re:          Marlin Lease Receivables Master Facility, Series 2000-A Note

Ladies and Gentlemen:

                    Reference is made to that certain Second Amended and Restated Series 2000-A Supplement, dated as of September 28, 2006 (the “Series Supplement”), among Marlin Leasing Corporation (the “Servicer”), Marlin Leasing Receivables IV LLC (“MLR IV LLC” or the “Series Obligor”), Deutsche Bank AG, New York Branch, as agent, and Wells Fargo Bank, N.A. (“Wells Fargo”), as trustee, and to that certain Master Lease Receivables Asset-Backed Financing Facility Agreement, dated as of December 1, 2000 (as amended, restated, supplemented or otherwise modified from time to time, the “Master Facility Agreement”), among the Servicer, MLR IV and Wells Fargo, as trustee and back-up servicer.  Capitalized terms used herein shall have the meanings assigned to such terms in the Series Supplement and Master
Facility Agreement.

                    Pursuant to Section 4.01(b) of the Series Supplement, the undersigned, a duly authorized representative of the Series Obligors, hereby provide notice of an increase in the Series 2000-A Note Balance (each amount, an “Advance Amount”), and in that connection sets forth below the information relating to such proposed increase, as required by Section 4.01(c) of the Series Supplement:

	
  
 
  	
  
(i)
  	
  
The   aggregate amount of the related Advance Amount is $____________.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
The date on   which such Advance Amount shall occur is _______________.
  

G-1

	
  
 
  	
  
           (iii)          Attached   hereto as Exhibit A is the related List of Contracts.
  
	
  
 
  	
  
 
  
	
   
  	
  
           (iv)          The   Purchase Price Percentage applicable to the Pledge is ___%.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
           (v)           The   Hedge Rate applicable to such Series 2000-A Contracts being Pledged is ____%.
  
	
  
 
  	
  
 
  
	
  
 
  	
  

           (vi)          The
aggregate  Contract  Principal  Balance of all  Series  2000-A  Contracts  being
Pledged is
 
	
  
 
  	
  
 
  
	
  
 
  	
  

           (vii)         The
Borrowing  Base  immediately  prior to such pledge is  $__________,  and the Pro
Forma Borrowing Base is $__________.
 

                            The undersigned certifies that as of the date hereof and on the date of the proposed Advance Amount, all of the conditions precedent to the proposed Advance Amount set forth in Section 4.01 of the Series Supplement have been satisfied.

	
  
 
  	
  
Very truly   yours,
  
	
  
 
  	
  
 
  
	
  
 
  	
  
MARLIN   LEASING RECEIVABLES
  
	
  
 
  	
  
CORP. IV, as   the Obligors’ Agent
  
	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
   
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
Title:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
MARLIN   LEASING RECEIVABLES IV LLC
  
	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
MARLIN   LEASING RECEIVABLES CORP. IV, as Managing Member
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
Title:
  	
  
 
  

G-2

EXHIBIT H

FORM OF NON-APPROPRIATION RIDER

H-1

EXHIBIT I

FORM OF CAP AGREEMENT

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