0001047469-04-023409 Sample Contracts

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Gladstone Capital Corp

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment"), is made and entered into as of July 15, 2003, by and between (i) GLADSTONE CAPITAL CORPORATION, a Maryland corporation (the "Company"), (ii) GLADSTONE ADVISERS, INC., a Virginia corporation (the "Adviser"), and (iii) GEORGE STELLJES III (the "Executive").

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SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Gladstone Capital Corp

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment"), is made and entered into as of May 6, 2004, by and between (i) GLADSTONE CAPITAL CORPORATION, a Maryland corporation (the "Company"), (ii) GLADSTONE ADVISERS, INC., a Virginia corporation (the "Adviser"), and (iii) TERRY L. BRUBAKER (the "Executive").

THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Gladstone Capital Corp

THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment"), is made and entered into as of April 22, 2004, by and between (i) GLADSTONE CAPITAL CORPORATION, a Maryland corporation (the "Company"), (ii) GLADSTONE ADVISERS, INC., a Virginia corporation (the "Adviser"), and (iii) DAVID GLADSTONE (the "Executive").

BB&T Loan Agreement
Loan Agreement • July 15th, 2004 • Gladstone Capital Corp • Virginia

This Loan Agreement (the "Agreement") is made this 22 day of June, 2004 by and between BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation ("Bank"), and:

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 15th, 2004 • Gladstone Capital Corp

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment"), is made and entered into as of May 6, 2004, by and between (i) GLADSTONE CAPITAL CORPORATION, a Maryland corporation (the "Company"), (ii) GLADSTONE ADVISERS, INC., a Virginia corporation (the "Adviser"), and (iii) GEORGE STELLJES III (the "Executive").

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