Document:

Exhibit 10.1

 

AMENDED AND RESTATED TRADEMARK LICENSE
AGREEMENT

 

This AMENDED AND RESTATED
TRADEMARK LICENSE AGREEMENT (this “Agreement”) is made and effective as of March 12, 2019 (the “Effective
Date”) by and between GSV ASSET MANAGEMENT, LLC, a Delaware limited liability company (the “Licensor”),
and GSV CAPITAL CORP., a Maryland corporation (“Company”) (including any Subsequent Fund (as defined
below), each a “party” and, collectively, the “parties”).

 

RECITALS

 

WHEREAS, Company is
a closed-end management investment company that has elected to be treated as a business development company under the Investment
Company Act of 1940;

 

WHEREAS,  the
Company’s investment activities are managed by Licensor, an investment adviser registered under the Investment Advisers Act
of 1940, pursuant to that certain Investment Advisory Agreement, dated April 11, 2011, as amended and restated as of March 8, 2013,
by and between the Company and Licensor;

 

WHEREAS, Licensor intends
to resign as the Company’s registered investment adviser effective as of March 12, 2019, following which date the Company’s
management and investment functions will be internalized;

 

WHEREAS, Licensor is
the owner of the trade name “GSV”, US Registration No. 4257660 (GSV) and other state or unregistered “GSV”
marks, including the trading symbol “GSVC,” and all derivatives thereof in each case that have been used by the Company
in commerce prior to the Effective Date (collectively, the “Licensed Marks”) in the United States of
America (the “Territory”);

 

WHEREAS, Licensor and
Company have agreed that Licensor will no longer act as the investment adviser to Company;

 

WHEREAS, Licensor and
Company have previously entered into that certain Trademark License Agreement, dated May 26, 2011, by and between Licensor and
Company (the “Original Agreement”); and

 

WHEREAS, Company agrees
that it shall during the Term of this Agreement transition to the use of names and marks that will not include and are not confusingly
similar to the Licensed Marks, and Licensor and Company desire to amend and restate the Original Agreement and set forth the terms
and conditions upon which Licensor will license the Licensed Marks to Company from and after the date hereof to permit transitional
use during such period.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

     

     

    

 

ARTICLE
1.

LICENSE GRANT

 

1.1             
License.  Subject to the terms and conditions of this Agreement, Licensor hereby grants to Company and/or,
subject to and conditioned upon compliance with Section 7.2, any public closed-end management investment company (including
any business development company) that succeeds to, or otherwise continues, all or any portion of the business currently conducted
by Company (each, a “Subsequent Fund”), and Company, on behalf of itself and any Subsequent Fund, hereby
accepts from Licensor, a non-transferable, non-sublicensable, and non-exclusive right and license to use the Licensed Marks in
the Territory solely in connection with the operation of a public closed-end management investment company that makes equity investments
in venture or growth stage companies and that is registered under, or has elected treatment as a business development company under,
the Investment Company Act of 1940, including in Company’s currently used domain names and as part of the Company’s
existing company name, stock ticker symbol and fictitious business names (the “Existing Uses”). Licensor
agrees that, other than this Agreement, Licensor shall not license or grant any right to use, or enter into any other license agreements
or similar authorization to use the Licensed Marks to or with any other public closed-end management investment company that makes
equity investments in venture or growth stage companies and is registered under, or has elected treatment as a business development
company under, the Investment Company Act of 1940 (each, an “Other Fund”), and shall terminate promptly
following the date hereof any other existing license agreement or similar arrangement related to the use of the License Marks with
or by any Other Fund. Except as otherwise expressly set forth in this Agreement, nothing in this Agreement shall preclude Licensor,
its affiliates, or any of their respective successors or assigns from using or permitting other entities to use the Licensed Mark
whether or not such entity directly or indirectly competes or conflicts with Company’s business in any manner.

 

ARTICLE
2.

OWNERSHIP

 

2.1             
Ownership.  Company acknowledges and agrees that, as between the parties, (i) except as set forth in this
Agreement, Licensor is the owner of all right, title, and interest in and to the Licensed Marks within the Territory, and all such
ownership right, title, and interest shall remain with the Licensor, (ii) Company shall not otherwise contest, dispute, or challenge
Licensor’s ownership right, title, and interest in and to the Licensed Marks, and (iii) all rights not expressly granted
to Company or a Subsequent Fund related to or arising under the Licensed Marks pursuant to this Agreement shall remain the exclusive
property of Licensor.

 

2.2             
Goodwill. All goodwill and reputation generated by Company’s use of the Licensed Mark shall inure to the benefit
of Licensor. Except as expressly provided herein, neither party may use any trademark or service mark of the other party without
that party’s prior written consent, which consent shall be given in that party’s sole discretion.

 

    	 	2	 

     

    

 

 

ARTICLE
3.

COMPENSATION

 

3.1             
Royalty. Subject to the terms and conditions of this Agreement, during the Term, Company shall pay to Licensor a
royalty payment (the “Royalty Payment”) equal to One Million Two Hundred Fifty Thousand United States
Dollars ($1,250,000), payable as follows: (i) Five Hundred Thousand United States Dollars ($500,000) shall be paid by Company to
Licensor simultaneously with the execution and delivery of this Agreement, (ii) Five Hundred Thousand United States Dollars ($500,000)
shall be paid by Company to Licensor on the date that is six (6) months following the Effective Date, and (iii) Two Hundred Fifty
Thousand United States Dollars ($250,000) shall be paid by Company to Licensor on the date that is twelve (12) months following
the Effective Date, in each case to the bank account or accounts reasonably designated by Licensor to Company from time to time.

 

ARTICLE
4.

Covenants

 

4.1             
Maintenance.  In order to preserve the inherent value of the Licensed Marks, each of Licensor and Company
agrees to, and to cause its respective affiliates, directors, officers, partners, members, stockholders, equityholders, and employees
(“Related Parties”) to, not engage in any conduct (directly or indirectly) that has, or could reasonably
be expected to have, a material adverse effect on the Licensed Marks, including to the reputation of the Licensed Marks (but excluding
any material adverse effect resulting from the investment performance of such party, its Related Parties or any fund advised by
such party or Related Parties or from any action or inaction of such party or its Related Parties that occurred prior to the date
of this Agreement).

 

4.2             
Quality Control.  In order to preserve the inherent value of the Licensed Marks, Company (and each Subsequent
Fund) agrees to, and to cause its Related Parties to, use commercially reasonable efforts to ensure that it maintains the quality
and reputation of the Licensed Marks at least equal to the standards prevailing in the operation of the Licensor’s and Company’s
respective business as of the date of this Agreement (but excluding any material adverse effect resulting from the investment performance
of such party, its Related Parties or any fund advised by such party or Related Parties or from any action or inaction of such
party or its Related Parties that occurred prior to the date of this Agreement), including by using the Licensed Marks openly and
regularly. Company (and each Subsequent Fund) further agrees to use the Licensed Mark in accordance with such quality standards
as may be reasonably established by Licensor and communicated to Company from time to time in writing, or as may be agreed to by
Licensor and Company from time to time in writing.

 

4.3             
Non-Competition. Licensor covenants and agrees that, to the maximum extent permitted by applicable law, during the
Term of this Agreement (the “Restricted Period”), Licensor shall not, and shall cause its Related Parties
not to, without prior written consent of Company, either directly or indirectly, provide any investment advisory services (either
directly or indirectly through an investment adviser controlled by or under common control with Licensor) to any Other Fund.

 

4.4             
[Reserved]

 

    	 	3	 

     

    

 

 

4.5             
Non-Disparagement.

 

(a)              
During the Term, and at all times following the termination of this Agreement, Licensor covenants and agrees that it shall
not, and that it shall use commercially reasonable efforts to ensure that its Related Parties do not, either directly or indirectly,
disparage Company (including any Subsequent Fund) or any of Company’s (or a Subsequent Fund’s) Related Parties.

 

(b)              
During the Term, and at all times following the termination of this Agreement, Company covenants and agrees that it shall
not, and that it shall use commercially reasonable efforts to ensure that its Related Parties do not, either directly or indirectly,
disparage Licensor or any of Licensor’s Related Parties.

 

4.6             
Interference with Business Relationships.

 

(a)              
Licensor covenants and agrees that, during the Restricted Period, Licensor shall not, and will use commercially reasonable
efforts to cause its Related Parties not to, either directly or indirectly, solicit any portfolio company or service provider of
Company (or any Subsequent Fund) to terminate its relationship or otherwise cease doing business in whole or in part with Company
(or any Subsequent Fund), or interfere with any material relationship between Company (or any Subsequent Fund) and any of its portfolio
companies or service providers so as to cause harm to Company (or any Subsequent Fund) or its Related Parties.

 

(b)              
Company covenants and agrees that, during the Restricted Period, Company shall not, and will use commercially reasonable
efforts to cause its Related Parties not to, either directly or indirectly, solicit any company to terminate its relationship or
otherwise cease doing business in whole or in part with Licensor, or interfere with any material relationship between Licensor
and any company so as to cause harm to Licensor or its Related Parties.

 

(c)              
Notwithstanding the foregoing, Company and Licensor agree that each party may engage in good faith discussions regarding
the operations, structure and ownership of any portfolio company of Company or any subsidiaries of any such portfolio company,
and that any such discussions, and any discussions regarding the sale, financing or refinancing of any portfolio company or any
subsidiary of any portfolio company on mutually agreed terms, shall not be deemed to violate this Section 4.6.

 

4.7             
Standstill. During the Term and for a period of five (5) years following the termination of this Agreement, Licensor
agrees that, and agrees to cause its Related Parties to agree that, without the prior approval of a majority of the Board of Directors
of Company or any Subsequent Fund (the “Board”), Licensor and any Related Party will not singly or as
part of (i) any partnership, limited partnership or syndicate or (ii) any other group of persons or entities acquiring, holding,
voting or disposing of any security which would be required under Section 13(d) of the Exchange Act (as defined below) and the
rules and regulations thereunder to file a statement on Schedule 13D with the SEC as a “person” within the meaning
of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act” and such group,
a “13D Group”), (a) directly or indirectly, acquire, propose to acquire, or publicly announce or otherwise
disclose an intention to propose to acquire, or offer or agree to acquire, by purchase or otherwise, beneficial ownership of any
securities of Company or any Subsequent Fund (“Company Securities”); (b) deposit (either before or after
the date of the execution of the License Agreement) any Company Securities in a voting trust or subject any Company Securities
to any similar arrangement or proxy with respect to the voting thereof; (c) make, or in any way participate, directly or indirectly,
in any “solicitation” of “proxies,” or become a “Participant” in a “solicitation”
(as such terms are used in Regulation 14A under the Exchange Act) to seek to advise or influence any person to vote against any
proposal or director nominee recommended to the shareholders of Company or any Subsequent Fund or any of their respective subsidiaries
by at least a majority of the Board; (d) form, join or in any way participate in a 13D Group with respect to any Company Securities;
(e) commence (including by means of proposing or publicly announcing or otherwise disclosing an intention to propose, solicit,
offer, seek to effect or negotiate) a merger, acquisition or other business combination transaction relating to Company or any
Subsequent Fund; (f) initiate a “proposal,” as such term is used in Rule 14a-8 under the Exchange Act, “propose,”
or otherwise solicit the approval of, one or more stockholders for a “proposal” or induce or attempt to induce any
other person to initiate a “proposal” with respect to the Company or any Subsequent Fund (g) otherwise act, alone or
in concert with others, to seek to control or influence the management, the Board or policies of Company or any Subsequent Fund;
or (h) take any other action to seek or effect control of Company or any Subsequent Fund, other than in a manner consistent with
the terms of this Agreement.

 

    	 	4	 

     

    

 

4.8             
Compliance With Laws.  Each of Licensor and Company agrees that the business operated by it and its Related
Parties in connection with the Licensed Mark shall comply in all material respects with all laws, rules, regulations and requirements
of any governmental body in the Territory or elsewhere as may be applicable to the operation, advertising and promotion of the
business of the Company and any Subsequent Fund.

 

4.9             
Notification of Infringement.  Each party shall immediately notify the other party and provide to the other
party all relevant background facts upon becoming aware of (i) any registrations of, or applications for registration of, marks
in the Territory that do or may conflict with any Licensed Marks, and (ii) any infringements, imitations, or illegal use or misuse
of the Licensed Marks in the Territory. Licensor shall have the sole and exclusive right to enforce the Licensed Marks against
any such other party, including through the filing of lawsuits and other actions, settlement, or no action if Licensor determines
in its sole discretion that any such action would not be in its best interests.

 

4.10         
Infringement Claims.  Licensor shall indemnify, defend, and hold harmless Company and the Subsequent Funds
and their respective Related Parties from and against all losses, liabilities, clams, damages, penalties, fines, judgments, awards,
settlements, taxes and out-of-pocket costs, fees and expenses (including reasonable out-of-pocket attorneys’ fees) (“Losses”)
to the extent relating to or arising under any claim or action against Company based upon any use by Company or any Subsequent
Fund of any of the Licensed Marks (including for any actual or alleged infringement of any trademark property rights of any person
or entity arising therefrom), except to the extent solely resulting from Company’s (or any Subsequent Fund’s) breach
of any material representation, warranty, provision, or obligation of this Agreement.

 

    	 	5	 

     

    

 

ARTICLE
5.

REPRESENTATIONS AND WARRANTIES

 

5.1             
Mutual Representations.  Each party hereby represents and warrants to the other party as follows:

 

(a)              
Due Authorization.  Such party is duly formed, organized, or incorporated, and in good standing in the
jurisdiction of its formation, organization, or incorporation, as of the Effective Date, and the execution, delivery and performance
of this Agreement by such party have been duly authorized by all necessary action on the part of such party.

 

(b)              
Due Execution.  This Agreement has been duly executed and delivered by such party and, with due authorization,
execution and delivery by the other party, constitutes a legal, valid and binding obligation of such party, enforceable against
such party in accordance with its terms.

 

(c)              
No Conflict.  Such party’s execution, delivery and performance of this Agreement do not: (i) violate,
conflict with or result in the breach of any provision of the organizational documents of such party; (ii) conflict with or violate
any law or governmental order applicable to such party or any of its assets, properties or businesses; or (iii) conflict with,
result in any breach of, constitute a default (or event which with the giving of notice or lapse of time, or both, would become
a default) under, require any consent under, or give to others any rights of termination, amendment, acceleration, suspension,
revocation or cancellation of any contract, agreement, lease, sublease, license, permit, franchise or other instrument or arrangement
to which it is a party.

 

5.2             
Representations of Licensor. Licensor hereby represents and warrants to Company and any Subsequent Fund that (i)
Licensor is the sole and exclusive legal and beneficial owner of the entire right, title and interest in and to the Licensed Marks
in the Territory; (ii) the exercise by Company or any Subsequent Fund under this Agreement will not infringe or otherwise conflict
with the rights of any other person or entity; (iii) there is no pending or, to its knowledge, threatened litigation or opposition
challenging the validity, enforceability, ownership, registration or use of any of the Licensed Marks; (iv) Licensor has the full
right, power, and authority to grant the license to the Licensed Marks that is the subject of this Agreement; (v) no third party
has asserted ownership rights in any of the Licensed Marks or claimed that Licensor’s ownership or use of any of the Licensed
Marks currently infringes on any right of any third party, and (vi) to the knowledge of Licensor no third party is infringing on
any of Licensor’s rights in any of Licensed Marks.

 

ARTICLE
6.

TERM AND TERMINATION

 

6.1             
Term.  This Agreement shall commence on the Effective Date and shall terminate on the earlier of (i) eighteen
(18) months following the Effective Date (the “Initial Term”), or (ii) the mutual agreement of the parties
in writing to terminate this Agreement, unless earlier terminated pursuant to Section 6.2 or Section 6.3 (the “Term”).

 

    	 	6	 

     

    

 

6.2             
Termination by Company. Company may terminate this Agreement (i) in the event that Licensor is in breach of any material
representation, warranty, provision, or obligation of this Agreement, and, if such breach is curable, Licensor fails to cure such
breach within thirty (30) days after notice thereof from Company, (ii) at any time for convenience upon thirty (30) days’
prior notice to Licensor, or (iii) at any time if the good will represented by the Licensed Marks in the aggregate have been materially
impaired as a result of any intentional or willful acts of the Licensor (it being understood and agreed that termination in such
case is not due to breach, and is without liability to Licensor).

 

6.3             
Termination by Licensor. Licensor may terminate this Agreement (i) in the event that Company is in breach of any
material representation, warranty, provision, or obligation of this Agreement, and, if such breach is curable, Company fails to
cure such breach within thirty (30) days after notice thereof from Licensor, or (ii) at any time for convenience any time after
the expiration of the six (6) month period following the Effective Date upon sixty (60) days’ prior notice to Company.

 

6.4             
Effect of Termination.  Upon expiration or termination of this Agreement, all rights granted to Company
or any Subsequent Fund under this Agreement with respect to the Licensed Marks shall cease, and Company and each Subsequent Fund
shall (i) as promptly as is reasonably practicable, cease all use of the Licensed Marks, including all Existing Uses, (ii) change
their company names, stock ticker symbol, and any fictitious business names included in the Licensed Marks to names or symbols
that do not include and are not confusingly similar to any of the Licensed Marks, and (iii) promptly transfer administrative control
and ownership of any domain names that include or are confusingly similar to the Licensed Marks to Licensor or a person designated
in writing by Licensor. In the event of a termination of this Agreement pursuant to (i) Section 6.2(ii) or Section 6.3(i),
Licensor shall be entitled to receive the entire Royalty Payment that would have been due and payable through the end of the Initial
Term, which Royalty Payment shall continue to be due and payable in accordance with the terms and conditions (including with respect
to the timing of payments) set forth in Section 3.1 (and, unless such unpaid Royalty Payments are waived by Licensor in
writing within thirty (30) days of the effective termination date of this Agreement, such post-termination Royalty Payments shall
be Licensor’s sole and exclusive remedy for any Losses arising out of the Company’s (or any Subsequent Funds’)
breach of this Agreement; provided that in no case shall the foregoing limit Licensor’s right to seek and obtain temporary
or preliminary injunctive relief, nor shall the foregoing limit in any way Licensor’s Losses arising under a third party
claim to the extent attributable to Company’s (or any Subsequent Fund’s) breach of this Agreement); (ii) Section
6.2(i) or (iii), Licensor shall be entitled to receive only the amount of the Royalty Payment paid or due prior to the effective
date of such termination (and in the case of termination under Section 6.2(iii), the discharge of Company’s obligation
to pay any remaining Royalty Payments after the effective termination date shall be Company’s (and any Subsequent Fund’s)
sole and exclusive remedy for the acts giving rise to such right of termination) , or (iii) Section 6.3(ii), Licensor shall
not be entitled to any further Royalty Payment under this Agreement from and after the effective date of termination.

 

6.5             
Survival. With respect to Licensor, Sections 4.1 through 4.7, Section 4.10, Section 6.4,
Section 6.5, and Article 7 shall survive the termination of this Agreement. With respect to Company, Section 4.1,
Section 4.5, Section 6.4, Section 6.5, and Article 7 shall survive the termination of this Agreement.

 

    	 	7	 

     

    

 

ARTICLE
7.

MISCELLANEOUS

 

7.1             
Amendment and Restatement. This Agreement hereby amends and restates the Original Agreement in its entirety. The
rights and obligations of the parties under the Original Agreement, as amended and restated hereby, shall remain in full force
and affect, notwithstanding the fact that Licensor will no longer serve as Company’s registered investment adviser.

 

7.2             
Assignment.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns (including any Subsequent Fund of Company, provided that such Subsequent Fund shall
first agree in a written joinder that is delivered to Licensor to be fully bound by and subject to the terms and conditions of
this Agreement that are applicable to Company). Neither party may assign, delegate or otherwise transfer this Agreement or any
of its rights or obligations hereunder without the prior written consent of the other party; provided that Company may assign all
or any portion of its rights or obligations, as appropriate, under this Agreement to any Subsequent Fund without the consent of
Licensor. No assignment by either party permitted hereunder shall relieve the applicable party of its obligations under this Agreement.
Any assignment by either party in accordance with the terms of this Agreement shall be pursuant to a written assignment agreement
in which the assignee expressly assumes the assigning party’s rights and obligations hereunder.

 

7.3             
Independent Contractor.  Neither party shall have, or shall represent that it has, any power, right or
authority to bind the other party to any obligation or liability, or to assume or create any obligation or liability on behalf
of the other party. 

 

7.4             
Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall
be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier
service (with signature required), by facsimile or email, or by registered or certified mail (postage prepaid, return receipt requested)
to the respective parties at the following addresses:

 

If to Licensor:

 

GSV Asset Management, LLC

2925 Woodside Road

Woodside, CA 94062

Attn:  Michael T. Moe

Email: mm@gsvam.com 

 

If to Company: 

 

GSV Capital Corp.

Attn: Mark Klein

Email: mklein@gsvcap.com

 

    	 	8	 

     

    

 

7.5             
Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York without giving effect to the principles of conflicts of law rules. The parties unconditionally and irrevocably
consent to the exclusive jurisdiction of the courts located in the State of New York and waive any objection with respect thereto,
for the purpose of any action, suit or proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby.

 

7.6             
Amendment.  This Agreement may not be amended or modified except by an instrument in writing signed by
all parties hereto.

 

7.7             
No Waiver.  The failure of either party to enforce at any time for any period the provisions of or any
rights deriving from this Agreement shall not be construed to be a waiver of such provisions or rights or the right of such party
thereafter to enforce such provisions, and no waiver shall be binding unless executed in writing by all parties hereto.

 

7.8             
Severability.  If any term or other provision of this Agreement is invalid, illegal or incapable of being
enforced by any law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force
and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially
adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as
closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated
to the greatest extent possible. Without limiting the foregoing, if any court determines that any of the covenants set forth in
Section 4.1 through Section 4.7, or any part thereof, is unenforceable because of the duration or geographic scope
of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, and,
in its reduced form, such provision shall then be enforceable.

 

7.9             
Construction. The parties have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity
or question of intent or interpretation arises, then this Agreement will be construed as drafted jointly by the parties and no
presumption or burden of proof will arise favoring or disfavoring any party by virtue of the authorship of any of the provisions
of this Agreement. Unless otherwise indicated to the contrary herein by the context or use thereof: (i) any reference to any
federal, state, local or foreign statute or law will be deemed also to refer to all rules and regulations promulgated thereunder;
(ii) all references to the preamble, recitals, Sections, Articles, Exhibits or Schedules are to the preamble, recitals, Sections,
Articles or Schedules of or to this Agreement; (iii) the words “herein,” “hereto,” “hereof”
and words of similar import refer to this Agreement as a whole and not to any particular section or paragraph hereof; (iv) masculine
gender will also include the feminine and neutral genders, and vice versa; (v) words importing the singular will also include
the plural, and vice versa; (vi) the words “include,” “including” and “or” will mean without
limitation by reason of enumeration; and (vii) all references to “United States Dollars” or “USD”
or dollar amounts are to lawful currency of the United States of America. Whenever any payment falls due on a day that is not a
business day, the due date for payment shall be extended to the next following business day.

 

    	 	9	 

     

    

 

7.10         
Headings.  The descriptive headings contained in this Agreement are for convenience of reference only and
shall not affect in any way the meaning or interpretation of this Agreement.

 

7.11         
Counterparts.  This Agreement may be executed in one or more counterparts (including by PDF or other electronic
transmission), each of which when executed shall be deemed to be an original instrument and all of which taken together shall constitute
one and the same agreement.

 

7.12         
Entire Agreement.  This Agreement constitutes the entire agreement of the parties with respect to the subject
matter hereof and supersedes all prior agreements and undertakings, both written and oral, between the parties with respect to
such subject matter.

 

7.13         
Third Party Beneficiaries.  Nothing in this Agreement, either express or implied, is intended to or shall
confer upon any third party any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement.

 

  

[Remainder of Page Intentionally Blank]

 

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF,
each party has caused this Agreement to be executed as of the Effective Date by its duly authorized officer.

 

	 	COMPANY:
	 	 	 
	 	GSV CAPITAL CORP.
	 	 	 
	 	 	 
	 	By:	/s/ Mark D. Klein 
	 	Name:	 Mark D. Klein
	 	Title:	 Chief Executive Officer and President
	 	 	 
	 	 	 
	 	 	 
	 	
        LICENSOR:

         

	 	GSV ASSET MANAGEMENT, LLC
	 	 	 
	 	By:	/s/ Michael T. Moe 
	 	Name:	 Michael T. Moe
	 	Title:   	 Chief Executive Officer

 

 

    	 	11Exhibit 10.2

CONSULTING AGREEMENT

 

This Consulting Agreement
(this “Agreement”) is entered into effective as of March 12, 2019 (the “Effective Date”),
between GSV Capital Corp. (the “Company”), a Maryland corporation, and Michael T. Moe (“Consultant”),
a resident of California.

 

RECITALS

 

WHEREAS, Company is a closed-end management
investment company that has elected to be treated as a business development company under the Investment Company Act of 1940;

 

WHEREAS,  the Company’s investment
activities are managed by GSV Asset Management, LLC (“GSVAM”), an investment adviser registered under
the Investment Advisers Act of 1940, pursuant to that certain Investment Advisory Agreement, dated April 11, 2011, as amended and
restated as of March 8, 2013, by and between the Company and GSVAM;

 

WHEREAS, Consultant, in his role as the
Chief Executive Officer (“CEO”) and Chief Investment Officer (“CIO”) of GSVAM,
has managed the investment and reinvestment of the assets of the Company;

 

WHEREAS, GSVAM intends to resign as the
Company’s registered investment adviser and Consultant intends to resign from the Board of Directors of the Company (the
“Board”) effective as of March 12, 2019, following which date the Company’s management and investment
functions will be internalized;

 

WHEREAS, Consultant has agreed to assist
the Company with certain transition services in accordance with the terms of this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the
mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:

  

		1.	Services.

 

		(a)	Upon reasonable request by the Company, Consultant will provide certain transition services to
the Company related to the Company’s existing portfolio investments for which Consultant previously had oversight in his
role as the CEO and CIO of GSVAM (the “Transition”). Such transition services shall include providing
information to the Company regarding such portfolio companies, including as a member of a portfolio company’s board of directors;
assisting with the transition of portfolio company board seats as requested by the Company or continuing as a representative on
such portfolio company boards, where requested to do so by such company(ies) or as specified to the Company by Consultant on or
prior to the date of execution hereof (it being understood that the Company shall control whether or not Consultant may occupy
any board seat contractually designated to the Company); making appropriate introductions to representatives of portfolio companies;
and providing other similar types of services that the Company may reasonably request (collectively, the “Consulting
Services”). For the avoidance of any doubt, the Consulting Services will not include asset management services or
services related to the distribution of the Company’s securities.

 

     

     

    

 

		(b)	Consultant shall devote the time, attention, knowledge, and skills necessary to perform the Consulting
Services in a professional, responsible and capable manner.

 

		(c)	Consultant acknowledges and agrees that Consultant has no power or authority to assume any obligations,
expressed or implied, on behalf of the Company, to bind the Company, or to hold Consultant out as having such power or authority,
except upon express written permission of an authorized officer of the Company.

 

		2.	Compensation. Subject to Section 5, the Company shall
pay Consultant a total amount equal to one million two hundred fifty thousand dollars ($1,250,000) for the Consulting Services
(“Compensation”), payable in three installments in accordance with the following schedule: (1) the first
installment of Compensation will be equal to an amount of five hundred thousand dollars ($500,000) and will be due and payable
on the date of filing of the Company’s annual report on Form 10-K with the U.S. Securities and Exchange Commission for the
fiscal year ending December 31, 2018; (2) the second installment of Compensation will be equal to an amount of five hundred thousand
dollars ($500,000) and will be due and payable on the six-month anniversary of the Effective Date; and (3) the third installment
of Compensation will be equal to an amount of two hundred fifty thousand dollars ($250,000) and will be due and payable on the
twelve-month anniversary of the Effective Date.

 

		3.	Expenses. Expenses are reimbursable only if approved in advance
and in writing by an authorized officer of the Company; provided, however, that the Company shall reimburse Consultant for his
legal expenses incurred in connection with the negotiation of this Agreement and related matters up to an amount equal to three-hundred
fifty thousand dollars ($350,000), subject to the conditions of reimbursement provided in this Section 3. Any of Consultant’s
expenses incurred in providing the Consulting Services, including, but not limited to, overhead, local mileage, travel, accommodations,
entertainment, communications and data charges, and office equipment, are the responsibility of Consultant. As a condition of reimbursement,
Consultant must submit documentation of any approved expenses within fifteen (15) days of the date such expenses were incurred
in a form satisfactory to the Company and consistent with IRS requirements for reimbursable business expenses. 

 

		4.	Term. Unless otherwise terminated as provided in Section
5, the term of this Agreement shall commence on the Effective Date and shall continue in full force and effect for eighteen
(18) months (the “Term”). Consultant’s obligation to provide the Consulting Services in accordance
with Section 1 and the Company’s obligations to Consultant under this Agreement automatically shall terminate at the
end of the Term without further action of either party unless both parties mutually agree, in writing, to extend this Agreement
for an additional period. 

 

		5.	Termination. 

 

		(a)	Expiration of Term. This Agreement will terminate upon expiration of the Term, as set forth
in Section 4.

 

		(b)	Termination by Mutual Agreement. Notwithstanding Section 4, each party may terminate
Consultant’s services under this Agreement upon mutual agreement of the Company and Consultant. If Consultant’s services
are terminated under this Section 5(b), Consultant shall not be entitled to receive any installments of Compensation payable
after the date of termination. Consultant shall be entitled to receive any business expenses which the Company had previously agreed
to reimburse.

 

		(c)	Termination by the Company without Cause. Notwithstanding the foregoing, the Company may
terminate Consultant’s services under this Agreement for any reason at any time. In the event that the Company terminates
Consultant’s services under this Agreement without Cause (as defined below), the Company shall remain obligated to pay each
unpaid installment of Compensation in accordance with the schedule provided in Section 2, as well as any business expenses
which the Company had previously agreed to reimburse.

 

    	 	2	 

     

    

 

		(d)	Termination by the Company for Cause. Notwithstanding the
foregoing, the Company may terminate Consultant’s services under this Agreement at any time (effective immediately) for Cause;
provided, however, that for purposes of this Agreement, to the maximum extent permitted by law, “Cause” shall only
include any action or inaction of the Consultant that occurs after the date of this Agreement. Upon
any such termination for Cause, Consultant shall not be entitled to receive any installments of Compensation payable on or after
the date of termination. Consultant shall be entitled to receive any business expenses which the Company had previously agreed
to reimburse.

 

		(e)	Termination by Consultant. Notwithstanding the foregoing, Consultant may terminate his services
under this Agreement for any reason at any time. If Consultant’s services are terminated under this Section 5(d),
Consultant shall not be entitled to receive any installments of Compensation payable after the date of termination. Consultant
shall be entitled to receive any business expenses which the Company had previously agreed to reimburse.

 

		(f)	Termination of Consultant’s services under this Agreement shall not relieve either party
of its obligations under this Agreement up to the effective date of termination or of any obligations which, expressly or by their
nature, survive the termination, including but not limited to the obligations set forth in Sections 7, 8, 9, 10, 11, 12, 13
and 15.

 

For purposes of this Agreement,
“Cause” means Consultant’s: (i) failure to perform duties and responsibilities pursuant to the
terms of this Agreement (other than as a result of death or disability) or any other agreement entered into between Consultant
(or his affiliates) and the Company (or its affiliates) after a written notice and a reasonable opportunity to cure (if curable);
(ii) a finding by a regulator or court of competent jurisdiction of gross negligence or intentional misconduct in the performance
of Consultant’s duties or obligations to the Company; (iii) engaging in conduct that results in improper gain or personal
enrichment to Consultant to the detriment of the Company; (iv) commission of any act of fraud, misappropriation, theft or financial
dishonesty; (v) indictment, conviction of, guilty plea or pleading of nolo contendere to, any felony or a lesser crime involving
dishonesty, fraud, theft, wrongful taking of property, embezzlement, bribery, forgery, extortion or other crime of moral turpitude;
or (vi) violation by Consultant of any of the restrictive covenants (as set forth below in Section 10 of this Agreement).

 

		6.	Relationship of the Parties. The parties agree that the Consulting
Services provided by Consultant under this Agreement will be as an independent contractor, and nothing in this Agreement shall
be construed to create an employer-employee, principal-agent, or other legal relationship (including but not limited to partnerships
or joint ventures) between the Company and Consultant. The manner and means of Consultant’s performance of the Consulting
Services are at the discretion and control of Consultant. The Company has no financial responsibility of any kind toward Consultant
except for Compensation provided in Section 2 and reimbursement of expenses provided in Section 3. Consultant understands
and agrees that as an independent contractor, (a) Consultant is fully responsible for his own federal, state, and local taxes,
(b) Consultant is not eligible to participate in any employee benefit program offered by the Company to its employees including,
without limitation, any health, disability or life insurance, retirement benefits, or other welfare or pension benefits, (c) Consultant
is not covered under the Company’s worker’s compensation insurance or state unemployment insurance coverage, and (d)
Consultant is solely responsible for securing, at his own cost, all insurance coverage as may be required by law. Consultant expressly
represents that he is an independent contractor under the laws of the United States and the laws of the State of California to
the extent that they apply, and acknowledges that the Company is relying upon these representations in forming this Agreement.
Consultant shall indemnify and hold harmless the Company against any claims and demands resulting from Consultant’s failure
to comply with provisions of this Section 6.

 

    	 	3	 

     

    

 

		7.	Ownership of Property. All information, materials, documents,
supplies, equipment and other property furnished to Consultant by the Company in connection with the Consulting Services will be
and remain the sole property of the Company. 

 

		8.	Confidential Information.

 

		(a)	Definition of “Confidential Information”. While performing the Consulting Services,
Consultant will have or may be given access to proprietary and confidential information related to the Transition. Such information
that is non-public and first communicated to Consultant after the Effective Date and is required in order for Consultant to perform
the Consulting Services shall constitute “Confidential Information” for purposes of this Agreement. During
the Term and for a period of three (3) years following the termination of the Consulting Services, Consultant agrees to not disclose
any Confidential Information to any third party, subject to standard exceptions and written approval by the Company.

 

		(b)	The foregoing will not apply to information that:

 

		(1)	was known to the public prior to its disclosure to Consultant;

 

		(2)	becomes generally known to the public subsequent to disclosure to Consultant through no wrongful
direct or indirect act or omission of Consultant or any representative of Consultant;

 

		(3)	Consultant must disclose by applicable law, regulation or legal process (provided that Consultant
provides the Company with prior notice of the contemplated disclosure to the extent permitted by law and cooperates with Company
at its expense in seeking a protective order or other appropriate protection of such information);

 

		(4)	known to the Consultant prior to the Effective Date, except such information that is related solely
to the Company and is known by Consultant to comprise information that the Company treats as confidential; or

 

		(5)	relates to any other business operated, directly or indirectly, by Consultant or GSVAM or their
respective affiliates.

 

		9.	Protected Rights. Nothing in this Agreement prohibits Consultant
from reporting to any governmental authority information concerning possible violations of law or regulation. Provided Consultant
does so consistent with 18 U.S.C. § 1833, Consultant may disclose trade secret information to a government official or to
an attorney for the purposes of obtaining legal advice or use it in certain court proceedings without fear of prosecution or liability

 

		10.	Restrictive Covenants.

 

		(a)	Background. Consultant acknowledges that (i) following the resignation of GSVAM, the Company’s
management and adviser functions will be internalized and the Company intends to continue such functions and the Company’s
business, (ii) the Consulting Services that Consultant performs for the Company are of a unique nature and Consultant’s performance
of such services to a competing business will result in irreparable harm to the Company and its affiliates, (iii) Consultant will
have material contact with the Company’s employees, and customers, contractors, business partners, potential business partners
and other entities who do business with the Company or its affiliates, and (iv) the restrictive covenants contained herein are
necessary to protect the goodwill of the management and adviser functions that the Company will internalize, and the Company’s
trade secrets and confidential information.

 

    	 	4	 

     

    

 

		(b)	Non-Competition. Consultant covenants and agrees that, to the extent permitted by applicable
law, during the Term of this Agreement (the “Restricted Period”), Consultant shall not, without prior
consent of the Company, compete with the Company by providing investment advisory services (either directly or indirectly through
an investment adviser controlled by Consultant) to any public closed-end management investment company (whether traded or non-traded)
that makes equity investments in venture or growth stage companies that is registered under, or has elected treatment as a business
development company under, the Investment Company Act of 1940.

 

		(c)	Interference with Business Relationships.

 

		(1)	Consultant covenants and agrees that, during the Restricted Period, Consultant shall not, either
directly or indirectly, solicit any portfolio company or service provider of the Company to terminate its relationship or otherwise
cease doing business in whole or in part with the Company, or interfere with any material relationship between the Company and
any of its portfolio companies or service providers so as to cause harm to the Company.

 

		(2)	The Company covenants and agrees that, during the Restricted Period, the Company shall not, either
directly or indirectly, solicit any company to terminate its relationship or otherwise cease doing business in whole or in part
with GSVAM, or interfere with any material relationship between GSVAM and any company so as to cause harm to GSVAM.

 

		(3)	Notwithstanding the foregoing, the Company and Consultant agree that each party may engage in good
faith discussions regarding the operations, structure and ownership of any portfolio company of the Company or any subsidiaries
of any such portfolio company, and that any such discussions, and any discussions regarding the sale, financing or refinancing
of any portfolio company or any subsidiary of any portfolio company on mutually agreed terms, shall not be deemed to violate this
Section 10(d).

 

		(d)	Non-Disparagement. During and at all times following the Term, Consultant covenants and
agrees that he shall not, and that he shall use commercially reasonable efforts to ensure that GSVAM and GSVAM’s affiliates,
directors, officers and employees do not, either directly or indirectly, disparage the Company or any of its affiliates, officers,
directors or employees.

 

		(e)	Standstill. Subject to the provisions of the License Agreement, during the term of the License
Agreement and for a period of five (5) years following its termination, Consultant agrees that, and agrees to cause his affiliates
to agree that, without the prior approval of a majority of the Board, they will not singly or as part of (i) any partnership, limited
partnership or syndicate or (ii) any other group of persons or entities acquiring, holding, voting or disposing of any security
which would be required under Section 13(d) of the Exchange Act (as defined below) and the rules and regulations thereunder to
file a statement on Schedule 13D with the SEC as a “person” within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act” and such group, a “13D Group”),
(a) directly or indirectly, acquire, propose to acquire, or publicly announce or otherwise disclose an intention to propose to
acquire, or offer or agree to acquire, by purchase or otherwise, beneficial ownership of any securities of the Company or any Subsequent
Fund (“Company Securities”); (b) deposit (either before or after the date of the execution of the License
Agreement) any Company Securities in a voting trust or subject any Company Securities to any similar arrangement or proxy with
respect to the voting thereof; (c) make, or in any way participate, directly or indirectly, in any “solicitation” of
“proxies,” or become a “Participant” in a “solicitation” (as such terms are used in Regulation
14A under the Exchange Act) to seek to advise or influence any person to vote against any proposal or director nominee recommended
to the shareholders of the Company or any of its subsidiaries by at least a majority of the Board; (d) form, join or in any way
participate in a 13D Group with respect to any Company Securities; (e) commence (including by means of proposing or publicly announcing
or otherwise disclosing an intention to propose, solicit, offer, seek to effect or negotiate) a merger, acquisition or other business
combination transaction relating to the Company; (f) initiate a “proposal,” as such term is used in Rule 14a-8 under
the Exchange Act, “propose,” or otherwise solicit the approval of, one or more stockholders for a “proposal”
or induce or attempt to induce any other person to initiate a “proposal;” (g) otherwise act, alone or in concert with
others, to seek to control or influence the management, the Board or policies of the Company; or (h) take any other action to seek
or effect control of the Company other than in a manner consistent with the terms of the License Agreement. For the purposes of
this Agreement, “Subsequent Fund” means any public closed-end management investment company (including, but not limited
to, a business development company) that succeeds to or otherwise continues the business currently conducted by the Company.

 

    	 	5	 

     

    

 

		11.	Injunctive Relief. Each party acknowledges, understands and
agrees that a breach by such party of Sections 8, 10 and 12 will cause irreparable injury to the other party, and that no
adequate or complete remedy at law is available for such breach. Accordingly, the parties (i) agree that each party will be entitled
to enforcement of Sections 8, 10, and 12 by injunction, and (ii) irrevocably waive any defense based on the adequacy of
the remedy at law which might be asserted as a bar to injunctive relief.

 

		12.	Non-Disparagement by Company. During and at all times following
the Term, the Company covenants and agrees that it shall not, and that it shall use commercially reasonable efforts to ensure its
affiliates, directors, officers and employees do not, either directly or indirectly, disparage Consultant or GSVAM or any of their
respective affiliates, officers, members, directors or employees.

 

		13.	Indemnification.

 

		(1)	Consultant agrees to defend, indemnify and hold harmless
the Company, its affiliates, and all of their respective owners, board members, managers, officers, employees, and agents (collectively,
the “Company Indemnitees”) against any third-party claim, demand, cause of action, debt or liability, including reasonable
attorneys’ fees, to the extent that: (i) it is based upon or alleges conduct that constitutes a material breach of any representations,
warranties, or agreements by Consultant contained herein; or (ii) it arises out of any act or omission that constitutes gross
negligence or intentional or willful misconduct on the part of Consultant in connection with the performance of Consultant’s
duties under this Agreement. The obligation of Consultant to indemnify Company Indemnitees shall survive the expiration or earlier
termination of this Agreement.

 

		(2)	The Company agrees to defend, indemnify and hold harmless
Consultant, GSVAM, and all of their respective owners, board members, managers, officers, employees, and agents (collectively,
the “Consultant Indemnitees”) against any third-party claim, demand, cause of action, debt or liability, including
reasonable attorneys’ fees, to the extent that: (i) it is based upon or alleges conduct that constitutes a material breach
of any representations, warranties, or agreements by the Company contained herein; or (ii) it arises out of any act or omission
that constitutes gross negligence or intentional or willful misconduct on the part of the Company in connection with the performance
of the Company’s duties under this Agreement. The obligation of the Company to indemnify Consultant Indemnitees shall survive
the expiration or earlier termination of this Agreement.

 

    	 	6	 

     

    

 

		14.	Compliance with Laws. This Agreement and the Consulting Services
performed hereunder are subject to, and each of the Company and Consultant hereby agrees to fully observe and comply with, all
applicable federal, state, and local laws and regulations.

 

		15.	Cooperation. Each of the Company and Consultant shall provide
reasonable cooperation in connection with any action or proceeding (or any appeal from any action or proceeding) which relates
to events occurring during the Term or as a result of Consultant providing the Consulting Services under this Agreement. This provision
shall survive any termination of the Consulting Services under this Agreement.

 

		16.	Miscellaneous.

 

		(a)	Entire Agreement. This Agreement constitutes the entire agreement between the parties concerning
the subject matter of this Agreement, and supersedes any prior communications, whether oral or written, between the parties concerning
the subject matter of this Agreement.

 

		(b)	Severability. If any provision of this Agreement is determined to be invalid, illegal, or
unenforceable, in whole or in part, the remaining provisions and any partially enforceable provisions of this Agreement will remain
in full force and effect.

 

		(c)	Waiver. A party’s failure to enforce any provision of this Agreement will not act
as a waiver of that or any other provision. A party’s waiver of any breach of this Agreement will not act as a waiver of
any other breach.

 

		(d)	Advice of Counsel. Each of the Company and Consultant acknowledges that (a) it has read
this Agreement in its entirety, understands it and agrees to be bound by its terms and conditions, and has been granted the opportunity
to ask questions of, and to receive answers from Consultant’s legal counsel concerning the terms and conditions of this Agreement;
(b) it has been advised to seek independent legal advice and has received such advice or has, without undue influence, elected
to waive the benefit of any such advice; and (c) it is entering into this Agreement voluntarily.

 

		(e)	Amendments. This Agreement may not be amended or modified except in writing signed by both
parties.

 

		(f)	Counterparts. This Agreement may be executed in one or more counterparts, each of which
will be deemed an original and all of which taken together will constitute one instrument binding on all the parties.

 

		(g)	Successors and Assigns. Consultant shall not assign or transfer any rights or obligations
under this Agreement. The Company may assign this Agreement, in part or in whole, to any affiliate or to any person or entity that
acquires from the Company, or any successor or assign, all or any portion of the operations for which Consultant is working or
had worked (whether direct or indirect, by purchase, merger, consolidation, or otherwise). This Agreement is binding upon the parties,
and inures to the benefit of the parties and the Company’s successors and assigns.

 

		(h)	Notices. Any notice that is required or permitted to be given under this Agreement will
be in writing, and will be deemed given upon the earlier of: (i) receipt, if delivered personally; (ii) three days after being
sent by registered or certified mail, postage prepaid, return receipt requested; or (iii) one day after being sent by a nationally
recognized overnight courier. Such notice will be sent or delivered to the address set forth in the signature block of each party
below, or to such other address as a party may designate by written notice in accordance with this Section.

 

		(i)	Governing Law. This Agreement is subject to and shall be interpreted under the laws of the
State of California without giving effect to any principles of conflict of laws that would lead to the application of the laws
of another jurisdiction. Each party submits to the exclusive jurisdiction of any state or federal court with jurisdiction in San
Francisco, California in any action or proceeding arising out of or relating to this Agreement and agrees that all claims in respect
of the action or proceeding will be heard and determined in any such court.

  

[Signature Page Follows]

 

    	 	7	 

     

    

 

IN WITNESS WHEREOF, the parties agree to
and accept the above terms, effective on the date set forth above.

 

 

	MICHAEL T. MOE 	 	GSV CAPITAL CORP.
	 	 	 	 	 
	 	 	 	 	 
	Signed:	/s/ Michael T. Moe	 	Signed:	 /s/ Mark D. Klein
	 	 	 	Name: 	Mark D. Klein
	 	 	 	Title:	Chief Executive Officer and President

 

    	 	8

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