0000912057-01-520897 Sample Contracts

Exhibit 99.p GLADSTONE CAPITAL CORPORATION SUBSCRIPTION AGREEMENT
Subscription Agreement • June 22nd, 2001 • Gladstone Capital Corp

The undersigned David Gladstone (the "PURCHASER") hereby offers to subscribe for six hundred fifty-two thousand six hundred thirty-one (652,631) shares of the common stock, $.001 par value per share, of GLADSTONE CAPITAL CORPORATION, a Maryland corporation (the "CORPORATION"), in exchange for an aggregate purchase price of Six Hundred Fifty-Two Thousand Six Hundred Thirty-One Dollars ($652,631).

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