Document:

Exhbit
10.1

 

AMENDMENT
NO. 6 

TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS AMENDMENT NO. 6 TO
AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of
April 24, 2008, is entered into among GLADSTONE BUSINESS LOAN, LLC, (the “Borrower”),
TAHOE FUNDING CORP., as CP Lender, RELATIONSHIP FUNDING COMPANY, LLC, as
CP Lender, DEUTSCHE BANK AG, NEW YORK BRANCH (“Deutsche Bank”), KEYBANK,
NATIONAL ASSOCIATION (“KeyBank”) and BRANCH BANKING AND TRUST COMPANY (“BB&T”),
as Committed Lenders (collectively, the “Committed Lenders”), Deutsche
Bank, KeyBank and BB&T as Managing Agents (in such capacity, collectively
the “Managing Agents”) and Deutsche Bank as Administrative Agent (in
such capacity, the “Administrative Agent”). Capitalized terms used
herein without definition shall have the meanings ascribed thereto in the
“Credit Agreement” referred to below.

 

PRELIMINARY
STATEMENTS

 

A.                                   Reference is made to that certain Amended and
Restated Credit Agreement, dated as of May 26, 2006, among the Borrower,
Gladstone Management Corporation, as Servicer, the CP Lenders, the Committed
Lenders, the Managing Agents and the Administrative Agent (as amended, modified
or supplemented from time to time, the “Credit Agreement”).

 

B.                                     The parties hereto have agreed to amend certain
provisions of the Credit Agreement upon the terms and conditions set forth
herein.

 

SECTION 1. Amendment of the Credit Agreement.
The Credit Agreement is hereby amended as noted in the conformed copy thereof
attached hereto as Exhibit A.

 

SECTION 2. Representations and Warranties.
The Borrower hereby represents and warrants to each of the other parties
hereto, that:

 

(a)                                  this Amendment constitutes its legal, valid
and binding obligation, enforceable against it in accordance with its terms;
and

 

(b)                                 on
the date hereof, before and after giving effect to this Amendment, other than
as amended or waived pursuant to this Amendment, no Early Termination Event or
Unmatured Termination Event has occurred and is continuing.

 

SECTION 3. Condition.
This Amendment shall become effective on the first Business Day (the “Effective
Date”) on which the Administrative Agent or its counsel has received
(i) counterpart signature pages of this Amendment, executed by each
of the parties hereto and (ii) counterpart signature pages to that
certain Joinder Agreement, executed by BB&T and each of the other parties
thereto.

 

 

SECTION 4. Reference to and Effect on the
Transaction Documents.

 

(a)                                  Upon
the Effective Date, (i) each reference in the Credit Agreement to “this
Credit Agreement”, “this Agreement”, “hereunder”, “hereof”, “herein” or words
of like import shall mean and be a reference to the Credit Agreement as amended
or otherwise modified hereby, and (ii) each reference to the Credit
Agreement in any other Transaction Document or any other document, instrument
or agreement executed and/or delivered in connection therewith, shall mean and
be a reference to the Credit Agreement as amended or otherwise modified hereby.

 

(b)                                 Except
as specifically amended, terminated or otherwise modified above, the terms and
conditions of the Credit Agreement (including all other amendments thereto), of
all other Transaction Documents and any other documents, instruments and
agreements executed and/or delivered in connection therewith, shall remain in
full force and effect and are hereby ratified and confirmed.

 

(c)                                  The
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of the Administrative Agent, any Managing
Agent or any Lender under the Credit Agreement or any other Transaction
Document or any other document, instrument or agreement executed in connection
therewith, nor constitute a waiver of any provision contained therein, in each
case except as specifically set forth herein.

 

SECTION 5. Execution in Counterparts. This
Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and
delivered shall be deemed to be an original and all of which taken together
shall constitute but one and the same instrument. Delivery of an executed
counterpart of a signature page to this Amendment by telecopier or
electronic delivery shall be effective as delivery of a manually executed
counterpart of this Amendment.

 

SECTION 6. Governing Law. This Amendment
shall be governed by and construed in accordance with the laws of the State of
New York, with reference to Sections 5-1401 and 5-1402 of the New York General
Obligations Law but otherwise without regard to conflict of law provisions.

 

SECTION 7. Headings. Section headings
in this Amendment are included herein for convenience of reference only and
shall not constitute a part of this Amendment for any other purpose.

 

SECTION 8. Fees and Expenses. The Borrower
further hereby confirms its agreement to pay on demand all reasonable costs and
expenses of the Administrative Agent, Managing Agents or Lenders in connection
with the preparation, execution and delivery of this Amendment and any of the
other instruments, documents and agreements to be executed and/or delivered in
connection herewith, including, without limitation, the reasonable fees and
out-of-pocket expenses of counsel to the Administrative Agent, Managing Agents
or Lenders with respect thereto.

 

2

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed by their respective officers as of the date
first above written.

 

 

	
   

  	
  GLADSTONE BUSINESS LOAN,
  LLC, as Borrower

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

Signature Page to
Amendment No. 6

to Amended and Restated Credit Agreement

 

 

	
   

  	
  DEUTSCHE BANK AG, NEW YORK BRANCH,

  as a Committed Lender, Managing Agent and

  Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TAHOE FUNDING CORP., as CP
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

Signature Page to
Amendment No. 6

to Amended and Restated Credit Agreement

 

 

	
   

  	
  KEYBANK NATIONAL ASSOCIATION,

  as a Committed Lender and Managing

  Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Andrew G. Mesches

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
					

 

Signature Page to
Amendment No. 6

to Amended and Restated Credit Agreement

 

 

	
   

  	
  RELATIONSHIP
  FUNDING COMPANY, LLC,

  as CP Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

Signature Page to
Amendment No. 6

to Amended and Restated Credit Agreement

 

 

	
   

  	
  BRANCH BANKING
  AND TRUST

  COMPANY, as Committed Lender and

  Managing Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Gregory
  Drabik

  
	
   

  	
   

  	
  Title: Vice
  President

  

 

Signature Page to
Amendment No. 6

to Amended and Restated Credit Agreement

 

 

EXHIBIT A

 

Please see attached.Exhibit
10.2

 

JOINDER AGREEMENT

 

Reference is made to the that certain Amended and
Restated Credit Agreement, dated as of May 26, 2006, among Gladstone
Business Loan, LLC, Gladstone Management Corporation, as Servicer, the CP
Lenders, the Committed Lenders, the Managing Agents and the Administrative
Agent (as amended, modified or supplemented 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.

 

Branch Banking and Trust Company (“BB&T”)
(the “New Managing Agent”) and BB&T (the “New Committed 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, each of the New Managing Agent
and the New Committed Lenders (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 Committed 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 Committed 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, each of the New Managing Agent
the New Committed 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 Committed 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.

 

* * * * *

 

2

 

Schedule I

 

to

 

Joinder Agreement

 

Dated April 24, 2008

 

Section 1.

 

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

 

Branch Banking and Trust Company                                               $50,000,000

 

Section 2.

 

The “Group Advance Limit” with respect to the New
Lender Group is $50,000,000.

 

3

 

	
  NEW COMMITTED LENDER:

  	
  BRANCH BANKING
  AND TRUST

  
	
   

  	
  COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Gregory
  Drabik

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for
  notices:

  
	
   

  	
  200 West Second Street 16th Floor

  
	
   

  	
  Winston Salem NC  27101

  
	
   

  	
  Attn: Beth Cook

  
	
   

  	
  Phone 336 733 2726

  
	
   

  	
  Fax   336 733 2740

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEW MANAGING
  AGENT:

  	
  BRANCH BANKING
  AND TRUST

  
	
   

  	
  COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Gregory
  Drabik

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for
  notices:

  
	
   

  	
  200 West Second Street 16th Floor

  
	
   

  	
  Winston Salem NC  27101

  
	
   

  	
  Attn: Beth Cook

  
	
   

  	
  Phone 336 733 2726

  
	
   

  	
  Fax   336 733 2740

  
					

 

Signature Page to Joinder Agreement

 

 

Consented to this 24th
day of April, 2008 by:

 

DEUTSCHE BANK AG, NEW
YORK BRANCH 

as Administrative Agent

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

Signature Page to Joinder Agreement

 

 

Consented to this 24th
day of April, 2008 by:

 

GLADSTONE BUSINESS LOAN,
LLC

as Borrower

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

GLADSTONE
MANAGEMENT CORPORATION,
as Servicer

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

Signature Page to
Joinder Agreement

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