Common use of ADMINISTRATOR OFFICER’S CERTIFICATE Clause in Contracts

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f) of the Underwriting Agreement dated May 9, 2017 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Corporation, a Delaware corporation, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxx LLC, as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of [●] shares of Common Stock, that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that:

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f) of the Underwriting Agreement dated May 9August 11, 2017 2021 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Corporation, a Delaware corporation, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxx LLCXxxxxxxxxxx & Co. Inc., as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of [●] shares $117,000,000 aggregate principal amount of Common Stockthe Company’s 4.875% notes due 2028, that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that:

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f6(e) of the Underwriting Agreement dated May 9[•], 2017 2024 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Corporation, a Delaware corporation, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxx LLCXxxxxxxxxxx & Co. Inc., as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of $[●•] shares aggregate principal amount of Common Stockthe Company’s [•]% notes due 20[•], that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that:

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f6(g) of the Underwriting Agreement dated May 9December 8, 2017 2020 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Capital Corporation, a Delaware Maryland corporation, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxxxx Xxxxx LLC& Associates, Inc., as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of [●] shares $100,000,000 aggregate principal amount of Common Stockthe Company’s 5.125% notes due 2026, that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that:

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f) of the Underwriting Agreement dated May 9August 10, 2017 2023 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Capital Corporation, a Delaware corporationcorporation organized under the laws of Maryland, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxx LLCXxxxxxx & Co., as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of [●] shares $50,000,000 aggregate principal amount of Common Stockthe Company’s 7.75% notes due 2028, that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that:

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f) of the Underwriting Agreement dated May 923, 2017 2023 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Corporation, a Delaware corporation, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxx LLCXxxxxxxxxxx & Co. Inc., as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of [●] shares $65,000,000 aggregate principal amount of Common Stockthe Company’s 8.00% notes due 2028, that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that:

ADMINISTRATOR OFFICER’S CERTIFICATE. The undersigned, the duly qualified and elected President of Gladstone Administration, LLC, a Delaware limited liability company (the “Administrator”), does hereby certify in such capacity and on behalf of the Administrator, pursuant to Section 6(f) of the Underwriting Agreement dated May 9[●], 2017 2015 (the “Underwriting Agreement”) by and among the Administrator, Gladstone Investment Corporation, a Delaware corporation, Gladstone Management Corporation, a Delaware corporation, and Xxxxxx Xxxxxxxxxx Xxxxx LLC, as representative of the several underwriters named in Exhibit A thereto (collectively, the “Underwriters”), providing for the offer and sale by the Company to the Underwriters of [●] shares of Common Preferred Stock, that he is authorized to execute this certificate in the name and on behalf of the Administrator. The undersigned also hereby certifies, on behalf of the Administrator in his capacity as President of the Administrator, that: