Termination of Material Agreement (Form 8-K)

As previously disclosed, on December 20, 2018, Venture Lending & Leasing IX, Inc. (the "Fund") and Venture Lending & Leasing IX, LLC (the "Parent") entered into a syndicated loan agreement (the "Loan and Security Agreement") led by MUFG Union Bank, N.A., Wells Fargo Securities, LLC, Wells Fargo Bank, N.A. and ING Capital, LLC, with participation from Zions Bancorporation, N.A. (FKA ZB, N.A.) DBA California Bank & Trust, Bank, Leumi USA, Umpqua Bank, HSBC Bank USA, N.A, and First Bank, that established a secured revolving loan facility in an initial amount of up to $200,000,000.

On March 18, 2021, the Fund, along with the Parent and Venture Lending & Leasing IX Holdings, Inc. ("VLL Holdings") acting as guarantors of the facility, entered into an Amendment to the Loan and Security Agreement with lenders named therein that (i) increased the size of the facility to $350,000,000, (ii) extended the term of the facility, and (iii) established a benchmark replacement guideline (as so amended, the "Amended and Restated Loan and Security Agreement").

On May 17, 2022, the Fund, along with the Parent and VLL Holdings, acting as guarantors, entered into a First Amendment to the Amended and Restated Loan and Security Agreement (the "First Amendment") with lenders named therein. The First Amendment provides for, among other modifications (i) an increase in the size of the facility to $400,000,000, (ii) replacement of the interest rate benchmark from LIBOR to Secured Overnight Financing Rate ("SOFR"), and (iii) conversion of an existing LIBOR Market Index Rate Loan with an aggregate balance of $270,000,000 to a Daily Simple SOFR Rate Loan.

On October 26, 2023, the Fund entered into a Third Amendment to the Amended and Restated Loan and Security Agreement (the "Third Amendment") with lenders named therein. The Third Amendment provides for, among other modifications (i) a decrease in the size of the facility to $185,000,000 with a scheduled reduction in commitments on a quarterly basis by an amount equal to 10% (subject to adjustment), (ii) an increase in the margin paid on SOFR Rate Loans (as defined in the Third Amendment) and Reference Rate Loans (as defined in the Third Amendment), and (iii) an extension of the term of the facility to March 31, 2026.

From 2023 through 2025, the Fund reduced the credit facility in the ordinary course of business to reflect the liquidity requirements of the Fund.

On September 8, 2025, the Fund paid off the remaining $6,500,000 outstanding debt under the facility and notified the lenders of its intention to permanently reduce its aggregate commitments to zero, terminating the debt facility effective September 8, 2025.