EX-10.1



 Exhibit 10.1 

JOINDER AGREEMENT 

Reference is made to the 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. 

Santander Bank, N.A., as a managing agent and lender (in such capacities, the “New Managing Agent” and “New
Lender”; and together with the New Managing Agent, the “New Lender Group”), the Administrative Agent, the Borrower and the Servicer agree as follows: 

1. Borrower has requested that the New Lender Group become a “Lender Group” under the Credit Agreement. 

2. The effective date (the “Effective Date”) of this Joinder Agreement shall be the later of (i) the date on which a
fully executed copy of this Joinder Agreement is delivered to the Administrative Agent and (ii) the date of this Joinder Agreement. 

3. By executing and delivering this Joinder Agreement, both the New Managing Agent and the New Lender (i) confirms that it has received a
copy of the Credit Agreement and such Transaction Documents and other documents and information requested by it, and that it has, independently and without reliance upon Borrower, Servicer, any Lender, any Managing Agent or the Administrative Agent,
and based on such documentation and information as it has deemed appropriate, made its own decision to enter into this Joinder Agreement; (ii) agrees that it shall, independently and without reliance upon Borrower, Servicer, any Lender, any
Managing Agent or the Administrative Agent, 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 any of the
Transaction Documents; (iii) appoints and authorizes the Administrative Agent to take such action on its behalf and to exercise such powers and discretion under the Credit Agreement and the Transaction Documents as are delegated to the
Administrative Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably incidental thereto; (iv) agrees that it shall perform in accordance with their terms all of the obligations that by the terms of
the Credit Agreement are required to be performed by it as a Managing Agent and a Lender, respectively; (v) specifies as its address for notices the office set forth beneath its name on the signature pages of this Joinder Agreement; and (vi),
in the case of the New Lender, appoints and authorizes the New Managing Agent as its Managing Agent to take such action as a managing agent on its behalf and to exercise such powers under the Credit Agreement, as are delegated to the Managing Agents
by the terms thereof. 
 4. On the Effective Date of this Joinder Agreement, both of the New Managing Agent and the New Lender shall join in
and be a party to the Credit Agreement and, to the extent provided in this Joinder Agreement, shall have the rights and obligations of a Managing Agent and a Lender, respectively, under the Credit Agreement. 







 5. This Joinder Agreement may be executed by one or more of the parties on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. This Joinder
Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 IN WITNESS WHEREOF, the parties
hereto have caused this Joinder Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written, such execution being made on Schedule I hereto. 

*   *   *   *   * 







 Schedule I 

to 
 Joinder Agreement 

Dated June 19, 2015 
 Section 1.

 The “Commitment” with respect to the New Lender is: 
  

					
	 Santander Bank, N.A.
		$	25,000,000	  

 Section 2. 
 The
“Group Advance Limit” with respect to the New Lender Group is $25,000,000. 
  

							
	NEW LENDER:				SANTANDER BANK, N.A.
				
					By:		/s/ Robert Bushey
							Name: Robert Bushey
							Title: Senior Vice President
			
					 Address for notices:
 1500 Market
Street, 25th Floor, West Tower
 Philadelphia, PA 19102

Attention: Robert Bushey
 Phone: (267) 256-2822

Fax: (215) 568-9587










							
	NEW MANAGING AGENT:				SANTANDER BANK, N.A.
				
					By:		/s/ Robert Bushey
							Name: Robert Bushey
							Title: Senior Vice President
			
					Address for notices:
					 1500 Market Street, 25th Floor, West Tower

Philadelphia, PA 19102
 Attention: Robert Bushey

Phone: (267) 256-2822
 Fax: (215) 568-9587










			
	Consented to this 19th day of June, 2015 by:
	
	 KEYBANK NATIONAL ASSOCIATION
 as
Administrative Agent

		
	By: 		/s/ Michael O’Hern
			Name: Michael O’Hern
			Title: Senior Vice President
	
	 GLADSTONE BUSINESS LOAN, LLC
 as
Borrower

		
	By:		/s/ David Gladstone
			Name: David Gladstone
			Title: Chairman and CEO
	
	GLADSTONE MANAGEMENT CORPORATION, as Servicer
		
	By:		/s/ David Gladstone
			Name: David Gladstone
			Title: Chairman, CEO, CIO and President