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 a Schedule 13D, dated January 11, 2013 (including amendments thereto) with respect to the common shares of Venture Lending & Leasing VII, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such Schedule 13D.

Dated:  January 17, 2013

WESTECH INVESTMENT ADVISORS, LLC		VENTURE LENDING & LEASING VII, LLC
By:	/s/ Ronald W. Swenson	By:	/s/ Westech Investment Advisors, LLC
	Ronald W. Swenson		Westech Investment Advisors, LLC,
	Chief Executive Officer		Its Managing Member
			Ronald W. Swenson
			Executive Chairman
By:	/s/ Salvador O. Gutierrez	By:	/s/ Ronald W. Swenson
	Salvador O. Gutierrez		Ronald W. Swenson
	President		Executive Chairman
		By:	/s/ Maurice C. Werdegar
			Maurice C. Werdegar
			President and Chief Executive Officer
/s/ Ronald W. Swenson
RONALD W. SWENSON
/s/ Salvador O. Gutierrez
SALVADOR O. GUTIERREZ