AGREEMENT REGARDING FIDELITY BONDING
Exhibit 99.2
This Agreement Regarding Fidelity Bonding
is dated effective as of the 25th day of
January, 2007 by and among Gladstone Capital Corporation (“Gladstone Capital”), Gladstone Investment
Corporation (“Gladstone Investment,” and together with Gladstone Capital, the “Investment Company
Insureds”), Gladstone Management Corporation (“Gladstone Management”), Gladstone Commercial
Corporation (“Gladstone Commercial”), and Gladstone Land Corporation
(“Gladstone Land”) (the parties are collectively referred to herein as
the “Insureds.”)
Whereas, the Insureds are parties to that certain Investment Company Blanket Bond No.
000XX0000, a joint insured fidelity bond issued by The St. Xxxx Travelers Companies, Inc., in the
amount of $5,000,000 (the “Bond”); and
Whereas, pursuant to Rule 17g-1(f) under the Investment Company Act of 1940 (the
"Act”), the Insureds desire to document their agreement regarding any future recovery due to either
or both of the Investment Company Insureds under the Bond;
Now, Therefore, for and in consideration of the mutual promises hereinafter set forth
the Insureds hereby agree as follows:
1. Each of the Insureds acknowledges and agrees that in the event recovery of any amounts is
received under the Bond as a result of a loss sustained by two or more of the Insureds, where such
Insureds include one or both of the Investment Company Insureds, the Investment Company Insured(s)
shall receive an equitable and proportionate share of the recovery, but at least equal to the
amount which it would have received had it provided and maintained a single insured bond with the
minimum coverage required by Rule 17g-1(d)(1) under the Act.
IN WITNESS WHEREOF, the Insureds have caused this Agreement to be executed by their respective
officers, thereunto duly authorized, as of the day and year first above written.
| GLADSTONE CAPITAL CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx
|
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| Title: | Chairman | |||||
| GLADSTONE INVESTMENT CORPORATION | ||||||
| By: | /s/ Xxxxxx Xxxxxxxx III
|
|||||
| Title: | President | |||||
| GLADSTONE COMMERCIAL CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxx
|
|||||
| Title: | Chief Financial Officer | |||||
| GLADSTONE MANAGEMENT CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx
|
|||||
| Title: | Chairman | |||||
| GLADSTONE LAND CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx
|
|||||
| Title: | Chairman | |||||
This Agreement Regarding Fidelity Bonding is dated effective as of the 16th day of
March, 2007 by and among Gladstone Capital Corporation (“Gladstone Capital”), Gladstone Investment
Corporation (“Gladstone Investment,” and together with Gladstone Capital, the “Investment Company
Insureds”), Gladstone Management Corporation (“Gladstone Management”), Gladstone Commercial
Corporation (“Gladstone Commercial”), Gladstone Land Corporation (“Gladstone Land”) and Gladstone
Participation LLC (“Gladstone Participation”) (the parties are collectively referred to herein as
the “Insureds.”)
Whereas, the Insureds are parties to that certain Investment Company Blanket Bond No.
000XX0000, a joint insured fidelity bond issued by The St. Xxxx Travelers Companies, Inc., in the
amount of $5,000,000 (the “Bond”); and
Whereas, pursuant to Rule 17g-1(f) under the Investment Company Act of 1940 (the
"Act”), the Insureds desire to document their agreement regarding any future recovery due to either
or both of the Investment Company Insureds under the Bond;
Now, Therefore, for and in consideration of the mutual promises hereinafter set forth
the Insureds hereby agree as follows:
1. Each of the Insureds acknowledges and agrees that in the event recovery of any amounts is
received under the Bond as a result of a loss sustained by two or more of the Insureds, where such
Insureds include one or both of the Investment Company Insureds, the Investment Company Insured(s)
shall receive an equitable and proportionate share of the recovery, but at least equal to the
amount which it would have received had it provided and maintained a single insured bond with the
minimum coverage required by Rule 17g-1(d)(1) under the Act.
IN WITNESS WHEREOF, the Insureds have caused this Agreement to be executed by their respective
officers, thereunto duly authorized, as of the day and year first above written.
| GLADSTONE CAPITAL CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx
|
|||||
| Title: | Chairman | |||||
| GLADSTONE INVESTMENT CORPORATION | ||||||
| By: | /s/ Xxxxxx Xxxxxxxx III
|
|||||
| Title: | President | |||||
| GLADSTONE COMMERCIAL CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxx
|
|||||
| Title: | Chief Financial Officer | |||||
| GLADSTONE MANAGEMENT CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx
|
|||||
| Title: | Chairman | |||||
| GLADSTONE LAND CORPORATION | ||||||
| By: | /s/ Xxxxx Xxxxxxxxx
|
|||||
| Title: | Chairman | |||||
| GLADSTONE PARTICIPATION LLC | ||||||
| By: Title: |
/s/ Xxxxx Xxxxx
|
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