
CUSIP No.		NONE	13D	Page		13		of		14 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 IV, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such amendment to Schedule 13D.

Dated: November 29, 2010


WESTECH INVESTMENT ADVISORS LLC

By:		/s/ Ronald W. Swenson Ronald W. Swenson
		Chief Executive Officer

By:		/s/ Salvador O. Gutierrez Salvador O. Gutierrez
		President

/s/ Ronald W. Swenson

RONALD W. SWENSON

/s/ Salvador O. Gutierrez

SALVADOR O. GUTIERREZ


VENTURE LENDING & LEASING IV, LLC

By:		Westech Investment Advisors LLC,
		Its Managing Member

By:		/s/ Ronald W. Swenson Ronald W. Swenson
		Chief Executive Officer

By:		/s/ Salvador O. Gutierrez Salvador O. Gutierrez
		President

WESTECH INVESTMENT MANAGEMENT, INC.

By:		/s/ Ronald W. Swenson Ronald W. Swenson
		Chief Executive Officer

By:		/s/ Salvador O. Gutierrez Salvador O. Gutierrez
		President

VENTURE LENDING & LEASING IV INC SC 13D/A