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| CUSIP No. | | NONE | 13D | Page | | 12 | | of | | 13 Pages |
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of an amendment to Schedule 13D, dated November 29, 2010 (including amendments thereto) with respect to the common shares of Venture Lending & Leasing V, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such amendment to Schedule 13D.
Dated: November 29, 2010
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| WESTECH INVESTMENT ADVISORS LLC | | VENTURE LENDING & LEASING V, LLC | | |
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| | | | | By: | | Westech Investment Advisors LLC, | | |
| By: | | /s/ Ronald W. Swenson Ronald W. Swenson | | | | Its Managing Member | | |
| | | Chief Executive Officer | | | | | | |
| | | | | By: | | /s/ Ronald W. Swenson Ronald W. Swenson | | |
| By: | | /s/ Salvador O. Gutierrez Salvador O. Gutierrez | | | | Chief Executive Officer | | |
| | | President | | | | | | |
| | | | | | | | | |
| | | | | By: | | /s/ Salvador O. Gutierrez Salvador O. Gutierrez | | |
| | | | | | | President | | |
| /s/ Ronald W. Swenson | | | | | | |
| | | | | | | |
| RONALD W. SWENSON | | | | | | |
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| | | | | WESTECH INVESTMENT MANAGEMENT, INC. | | |
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| /s/ Salvador O. Gutierrez | | | | | | |
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| SALVADOR O. GUTIERREZ | | | | | | |
| | | | | By: | | /s/ Ronald W. Swenson Ronald W. Swenson | | |
| | | | | | | Chief Executive Officer | | |
| | | | | | | | | |
| | | | | By: | | /s/ Salvador O. Gutierrez Salvador O. Gutierrez | | |
| | | | | | | President | | |
