Exhibit 10.2

ASSIGNMENT, ACCEPTANCE AND JOINDER

THIS ASSIGNMENT, ACCEPTANCE AND JOINDER AGREEMENT (this “Assignment, Acceptance
and Joinder Agreement”) is entered into as of the 19th day of June, 2015 by and
between KEYBANK NATIONAL ASSOCIATION (“Assignor”) and ALOSTAR BANK OF COMMERCE
(“Assignee”).

PRELIMINARY STATEMENTS

This Assignment, Acceptance and Joinder Agreement is being executed and
delivered in accordance with Section 11.1 of that certain Fifth Amended and
Restated Credit Agreement dated as of May 1, 2015 by and among Gladstone
Business Loan, LLC, Gladstone Management Corporation, as Servicer, the Lenders
and Managing Agents parties thereto from time to time and KeyBank National
Association, as Administrative Agent (as amended, modified or restated from time
to time, the “Credit Agreement”). Capitalized terms used and not otherwise
defined herein are used with the meanings set forth or incorporated by reference
in the Credit Agreement.

Assignor is selling and assigning to Assignee $5,000,000 of Commitment,
representing an undivided 5.5556% (the “Transferred Percentage”) interest in all
of Assignor’s rights and obligations under the Credit Agreement and the
Transaction Documents, including, without limitation, Assignor’s Commitment and
(if applicable) the Assignor’s Advances outstanding as set forth herein.

Simultaneously with the assignment described in the preceding paragraph,
Assignee shall acquire an additional $5,000,000 of Commitment pursuant to
Section 2.3 of the Credit Agreement via this Assignment, Acceptance and Joinder
Agreement, for an aggregate Commitment of $10,000,000.

AGREEMENT

The parties hereto hereby agree as follows:

The sale, transfer, assignment and joinder effected by this Assignment,
Acceptance and Joinder Agreement shall become effective (the “Effective Date”)
on June 19, 2015 or such later date as a notice substantially in the form of
Schedule II to this Assignment, Acceptance and Joinder Agreement (“Effective
Notice”) is delivered by the Administrative Agent, Assignor and Assignee. From
and after the Effective Date, Assignee shall be a Lender and Managing Agent
party to the Credit Agreement for all purposes thereof as if Assignee were an
original party thereto in such capacities, and Assignee agrees to be bound by
all of the terms and provisions contained therein.

ASSIGNMENT AND ACCEPTANCE

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If Assignor has no Advances outstanding under the Credit Agreement, on the
Effective Date, Assignor shall be deemed to have hereby transferred and assigned
to Assignee, without recourse, representation or warranty (except as provided in
paragraph 6 below), and the Assignee shall be deemed to have hereby irrevocably
taken, received and assumed from Assignor, the Transferred Percentage of
Assignor’s Commitment and all rights and obligations associated therewith under
the terms of the Credit Agreement, including, without limitation, the
Transferred Percentage of Assignor’s future funding obligations under Section
2.1 of the Credit Agreement.

If Assignor has any Advances outstanding under the Credit Agreement, at or
before 1:00 p.m., local time of Assignor, on the Effective Date, Assignee shall
pay to Assignor, in immediately available funds, an amount equal to the sum of
(i) the Transferred Percentage of Assignor’s Advances outstanding (such amount,
being hereinafter referred to as the “Assignee’s Principal”); (ii) all accrued
but unpaid (whether or not then due) Interest attributable to Assignee’s
transferred Principal; and (iii) accruing but unpaid fees and other costs and
expenses payable in respect of Assignee’s transferred Principal for the period
commencing upon each date such unpaid amounts commence accruing, to and
including the Effective Date (the “Assignee’s Acquisition Cost”); whereupon,
Assignor shall be deemed to have sold, transferred and assigned to Assignee,
without recourse, representation or warranty (except as provided in paragraph 6
below), and Assignee shall be deemed to have hereby irrevocably taken, received
and assumed from Assignor, the Transferred Percentage of Assignor’s Commitment
and Assignor’s Advances outstanding (if applicable) and all related rights and
obligations under the Credit Agreement and the Transaction Documents, including,
without limitation, the Transferred Percentage of Assignor’s future funding
obligations under Section 2.1 of the Credit Agreement.

Concurrently with the execution and delivery hereof, Assignor will provide to
Assignee copies of all documents requested by Assignee which were delivered to
Assignor pursuant to the Credit Agreement.

Each of the parties to this Assignment, Acceptance and Joinder Agreement agrees
that at any time and from time to time upon the written request of any other
party, it will execute and deliver such further documents and do such further
acts and things as such other party may reasonably request in order to effect
the purposes of this Assignment, Acceptance and Joinder Agreement.

By executing and delivering this Assignment, Acceptance and Joinder Agreement,
Assignor and Assignee confirm to and agree with each other, the Administrative
Agent, the Managing Agents and the other Lenders as follows: (a) other than the
representation and warranty that it has not created any Lien upon any interest
being transferred hereunder, Assignor makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or
representations made by any other Person in or in connection with the Credit
Agreement or the Transaction Documents or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of Assignee, the Credit
Agreement or any other instrument or document furnished pursuant thereto or the
perfection, priority, condition, value or sufficiency of any collateral; (b)
Assignor makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Borrower, the Servicer, the
Originator, any Obligor or any Affiliate of the Borrower or the performance or
observance by the Borrower, the Servicer, the Originator, any Obligor, or any
Affiliate of the Borrower of any of their respective obligations under the
Transaction Documents or any other instrument or

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document furnished pursuant thereto or in connection therewith; (c) Assignee
confirms that it has received a copy of the Credit Agreement and copies of such
other Transaction Documents, and other documents and information as it has
requested and deemed appropriate to make its own credit analysis and decision to
enter into this Assignment, Acceptance and Joinder Agreement; (d) Assignee will,
independently and without reliance upon the Administrative Agent, any Managing
Agent, any Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement and the Transaction Documents; (e)
Assignee appoints and authorizes the Administrative Agent to take such action as
agent on its behalf and to exercise such powers under the Transaction Documents
as are delegated to the Administrative Agent by the terms thereof, together with
such powers as are reasonably incidental thereto; (f) Assignee appoints and
authorizes AloStar Bank of Commerce as its Managing Agent to take such action as
a managing agent on its behalf and to exercise such powers under the Transaction
Documents as are delegated to the Managing Agents by the terms thereof, together
with such powers as are reasonably incidental thereto; and (g) Assignee agrees
that it will perform in accordance with their terms all of the obligations
which, by the terms of the Credit Agreement and the other Transaction Documents,
are required to be performed by it as a Lender.

Each party hereto represents and warrants to and agrees with the applicable
Managing Agent and the Administrative Agent that it is aware of and will comply
with the provisions of the Credit Agreement, including, without limitation,
Sections 2.1, 12.9 and 12.12 thereof.

Schedule I hereto sets forth the revised Commitment of Assignor and the
Commitment of Assignee, as well as administrative information with respect to
Assignee.

THIS ASSIGNMENT, ACCEPTANCE AND JOINDER AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

Assignee hereby covenants and agrees that, prior to the date which is one year
and one day after the payment in full of all senior indebtedness for borrowed
money of any Lender, it will not institute against, or join any other Person in
instituting against, such Lender any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other similar proceeding under the laws
of the United States or any state of the United States.

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IN WITNESS WHEREOF, the parties hereto have caused this Assignment, Acceptance
and Joinder Agreement to be executed by their respective duly authorized
officers of the date hereof.

 

KEYBANK NATIONAL ASSOCIATION By:

/s/ Michael O’Hern

Title: Senior Vice President ALOSTAR BANK OF COMMERCE By:

/s/ Daryn Veney

Name: Daryn Veney Title: Vice President

 

Consented and Acknowledged: KEYBANK NATIONAL ASSOCIATION, as Administrative
Agent

/s/ Michael O’Hern

Name: Michael O’Hern Title: Senior Vice President GLADSTONE BUSINESS LOAN, LLC

/s/ David Gladstone

Name: David Gladstone Title: Chairman and CEO

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SCHEDULE I TO ASSIGNMENT, ACCEPTANCE AND JOINDER AGREEMENT

LIST OF LENDING OFFICES, ADDRESSES

FOR NOTICES AND COMMITMENT AMOUNTS

Date: June 19, 2015

Transferred Percentage: 5.5556%

 

    

A-1

  

A-2

  

B-1

  

B-2

Assignor    Commitment (prior to giving effect to the Assignment, Acceptance and
Joinder Agreement)    Commitment (after giving effect to the Assignment,
Acceptance and Joinder Agreement)    Outstanding Advances (if any)    Ratable
Share of Outstanding Advances    $80,000,000    $75,000,000    $49,676,470.59   
44.12%          

A-2

  

B-1

  

B-2

Assignee       Commitment (after giving effect to the Assignment, Acceptance and
Joinder Agreement)   

Outstanding Advances

(if any)

   Ratable Share of Outstanding Advances       $10,000,000    $6,623,529.41   
5.88%

Address for Notices

Alostar Bank of Commerce

3630 Peachtree Rd. NE, Suite 1050

Atlanta, Georgia 30326

Attention: Floria Whitcomb

Phone: 404-365-7146

Facsimile: 404-360-7112

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SCHEDULE II TO ASSIGNMENT, ACCEPTANCE AND JOINDER AGREEMENT

EFFECTIVE NOTICE

TO: KeyBank National Association, Assignor

TO: Alostar Bank of Commerce, Assignee

Alostar Bank of Commerce

3630 Peachtree Rd. NE, Suite 1050

Atlanta, Georgia 30326

Attention: Floria Whitcomb

Phone: 404-365-7146

Facsimile: 404-360-7112

The undersigned, as Administrative Agent under that certain Fifth Amended and
Restated Credit Agreement dated as of May 1, 2015 by and among Gladstone
Business Loan, LLC, Gladstone Management Corporation, as Servicer, the Lenders
and Managing Agents parties thereto from time to time and KeyBank National
Association, as Administrative Agent, hereby acknowledges receipt of executed
counterparts of a completed Assignment, Acceptance and Joinder Agreement dated
as of June 19, 2015 between KeyBank National Association, as Assignor, and
AloStar Bank of Commerce, as Assignee and joining party and approved by the
Administrative Agent and the Borrower. Terms defined in such Assignment,
Acceptance and Joinder Agreement are used herein as therein defined.

1. Pursuant to such Assignment, Acceptance and Joinder Agreement, you are
advised that the Effective Date will be May 19, 2015.

2. Pursuant to such Assignment, Acceptance and Joinder Agreement, the Assignee
is required to pay $6,623,529.41 ($3,311,764.71 to Assignor and $3,311,764.71 in
respect of the joinder) at or before 3:00 p.m. (local time of Assignor) on the
Effective Date in immediately available funds.

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Very truly yours,

KEYBANK NATIONAL ASSOCIATION, as

Administrative Agent

By:

/s/ Michael O’Hern

Title: Senior Vice President

SCHEDULE II: ASSIGNMENT, ACCEPTANCE AND JOINDER