0001193125-20-150098 Sample Contracts

DEALER MANAGER AGREEMENT $350,000,000 of 6.00% Notes due 2040 — $25.00 per note

Dealer Manager • May 22nd, 2020 • Gladstone Investment Corporation\de • Virginia

• Contract Type
  Dealer Manager
• Filed
  May 22nd, 2020
• Company
  Gladstone Investment Corporation\de
• Jurisdiction
  Virginia

Gladstone Investment Corporation, a Delaware corporation (the “Company”), is offering a maximum of $350,000,000 of its 6.00% notes due 2040 (the “Notes”) for sale to the public (the “Offering”). Except as described in the Prospectus (as defined below) or in Section 5 hereof, the Notes are to be sold pursuant to the Offering for a cash price of $25.00 per Note.

FIRST SUPPLEMENTAL INDENTURE between GLADSTONE INVESTMENT CORPORATION and UMB BANK, NATIONAL ASSOCIATION, as Trustee Dated as of May 22, 2020

Indenture • May 22nd, 2020 • Gladstone Investment Corporation\de • New York

• Contract Type
  Indenture
• Filed
  May 22nd, 2020
• Company
  Gladstone Investment Corporation\de
• Jurisdiction
  New York

THIS FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of May 22, 2020, is between Gladstone Investment Corporation, a Delaware corporation (the “Company”), and UMB Bank, National Association, as trustee (the “Trustee”). All capitalized terms used herein shall have the meaning set forth in the Base Indenture (as defined below).