Cash Repurchase

EX-2.9 2 dex29.htm CASH REPURCHASE AGREEMENT, DATED AS OF DECEMBER 5, 2006 Cash Repurchase Agreement, dated as of December 5, 2006

Exhibit 2.9

Cash Repurchase


To:		Michael Arends – Chief Financial Officer, Marchex, Inc.
From:		Mark Phelan – Convertible Head of Trading, Piper Jaffray & Co.
Date:		December 5, 2006

TERMS OF CASH REPURCHASE

We are offering to sell securities on the following terms to Marchex:


CUSIP of securities to be sold:		56624R306

Amount of Convertible Preferred Stock to be sold:		132,379

Sale price per Convertible Preferred Stock:	$	196.50
Total $ sale price of Convertible Preferred Stock:	$	26,012,473.50

Break-Down of Convertible Preferred Stock Sale Price:


Market price per Convertible Preferred Stock:	$	195.00
Total $ market price of Convertible Preferred Stock:	$	25,813,905.00
plus:
Commission per Convertible Preferred Stock paid to Piper Jaffray:	$	1.50
Total $ Commission paid to Piper Jaffray:	$	198,568.50

1.)

Marchex, Inc. will make the cash payment via wire transfer within one day to such account as is designated by Piper Jaffray.

2.)

This offer will expire at 3:30 PM PST on 12/5/06

If this transaction is accepted, please sign the confirmation and return by fax to: Mark Phelan at ###-###-####


By:				Acknowledged and agreed to by:

/s/ Mark Phelan				/s/ Michael Arends
Mark Phelan, Convertible Head of Trading				Michael Arends, Chief Financial Officer
Piper Jaffray & Co.				Marchex, Inc.