0000950133-05-002730 Sample Contracts

CUSTODY AGREEMENT

Custody Agreement • June 21st, 2005 • Gladstone Investment Corporation\de • New York

• Contract Type
  Custody Agreement
• Filed
  June 21st, 2005
• Company
  Gladstone Investment Corporation\de
• Jurisdiction
  New York

AGREEMENT, dated as of June ___, 2005 between Gladstone Investment Corporation, a corporation organized and existing under the laws of the State of Delaware having its principal office and place of business at 1521 Westbranch Drive, Suite 200, McLean, Virginia 22102 (the “Fund”) and The Bank of New York, a New York corporation authorized to do a banking business having its principal office and place of business at One Wall Street, New York, New York 10286 (“Custodian”).

Gladstone Investment Corporation (a Delaware corporation) 12,000,000 Shares of Common Stock Par Value $.001 per Share Underwriting Agreement

Underwriting Agreement • June 21st, 2005 • Gladstone Investment Corporation\de • New York

• Contract Type
  Underwriting Agreement
• Filed
  June 21st, 2005
• Company
  Gladstone Investment Corporation\de
• Jurisdiction
  New York

Ferris, Baker Watts, Incorporated Jefferies & Company, Inc. RBC Capital Markets Corporation BB&T Capital Markets, a division of Scott & Stringfellow, Inc. Oppenheimer & Co. Inc. Stifel, Nicolaus & Company, Incorporated J.J.B. Hilliard, W.L. Lyons, Inc. Wunderlich Securities, Inc. c/o Ferris, Baker Watts, Incorporated 1700 Pennsylvania Avenue Washington, DC 20006