# EDGAR Filing Document

**Accession Number:** 0001368757
**File Stem:** 0001193125-25-307905
**Filing Date:** 2025-12
**Character Count:** 20426
**Document Hash:** dd2b4eaf770229d75419cddbf757ee57
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-307905.hdr.sgml**: 20251204

**ACCESSION NUMBER**: 0001193125-25-307905

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20251202

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251204

**DATE AS OF CHANGE**: 20251204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GTJ REIT, INC.
- **CENTRAL INDEX KEY:** 0001368757
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 205188065
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-136110
- **FILM NUMBER:** 251549000

**BUSINESS ADDRESS:**
- **STREET 1:** 1399 FRANKLIN AVENUE
- **CITY:** GARDEN CITY
- **STATE:** NY
- **ZIP:** 11530
- **BUSINESS PHONE:** 516-260-1981

**MAIL ADDRESS:**
- **STREET 1:** 1399 FRANKLIN AVENUE
- **CITY:** GARDEN CITY
- **STATE:** NY
- **ZIP:** 11530

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GTJ REIT, Inc.
- **DATE OF NAME CHANGE:** 20060712

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** December 02, 2025<br>

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GTJ REIT, INC.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Maryland | 333-136110 | 20-5188065 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 1399 Franklin Avenue<br>Suite 100 |  |  |
| Garden City**,** New York |  | 11530 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (516) 693-5500<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| N/A | N/A | N/A |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 1.01 Entry into a Material Definitive Agreement.
***Expansion of Credit Facility***:

On December 2, 2025, GTJ Realty, LP (the "Operating Partnership"), a Delaware limited partnership and the operating partnership of GTJ REIT, Inc. (the "Company"), entered into a letter agreement (the "Letter Agreement") supplementing the First Amended and Restated Credit Agreement, dated October 22, 2021, as amended on August 5, 2022 (as amended, the "First Amended and Restated Credit Agreement"), with Keybank National Association ("Key Bank") and the Company and certain direct and indirect subsidiaries of the Company as guarantors. The Letter Agreement and related documents establish a $20 million term loan facility under the First Amended and Restated Credit Agreement with an initial maturity date of August 5, 2026, and a one-year extension option, subject to certain other customary conditions (the "Term Loan"). The terms and conditions of the Term Loan are consistent with the terms and conditions of the Company's prior term loan with KeyBank that was paid in full on March 15, 2024. The Term Loan will bear interest at the same rate as set forth in the First Amended and Restated Credit Agreement for the Company's revolving line of credit facility. In connection with the Term Loan, the Operating Partnership is required to pay a fee equal to 25 basis points on the $20 million principal amount under the Term Loan.

As supplemented by the Letter Agreement, the First Amended and Restated Credit Agreement provides for a $60 million senior secured credit facility (the "Credit Facility"), consisting of (i) a $40 million revolving line of credit facility, with a current maturity date of August 5, 2026, and (ii) the Term Loan.

The Company intends to apply the net proceeds of approximately $19,949,976 to fund its working capital and general corporate needs.

The foregoing descriptions of the Letter Agreement and other related agreements do not purport to be complete and are qualified in their entirety by reference to the full texts of such agreements. A copy of the Letter Agreement is filed hereto as Exhibit 10.1, and is incorporated by reference herein. The First Amended and Restated Credit Agreement, as supplemented by the Letter Agreement contains representations and warranties by each of the parties thereto. These representations and warranties have been made solely for the benefit of the other parties to such agreements and:

*·* *should not be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;* 

*·* *may have been qualified in such agreements and instruments by disclosures that were made to the other party in connection with the negotiation of such agreements and instruments;* 

*·* *may apply contract standards of "materiality" that are different from "materiality" under the applicable securities laws; and* 

*·* *were made only as of the date of such agreements and instruments or such other date or dates as may be specified in such agreements and instruments.* 

## Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K that relates to the creation of a direct financial obligation of the Company is incorporated by reference herein.

## Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

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| | |
|:---|:---|
| &nbsp;&nbsp;Exhibit Number | &nbsp;&nbsp;Description |
| &nbsp;&nbsp;10.1 | &nbsp;&nbsp;[<u>Letter Agreement, dated as of December 2, 2025.</u>](gttj-ex10_1.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **GTJ REIT, Inc.** |
| Date: | December 4, 2025 | By:  | /s/ Louis Sheinker |
|  |  |  | Louis Sheinker<br>President and Chief Operating Officer |

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## Exhibit 10.1

**EXHIBIT 10.1**

December 2, 2025

KeyBank National Association, as Agent<br>1200 Abernathy Road, N.E., Suite 1550<br>Atlanta, Georgia 30328<br>Attn: Tayven Hike

Ladies and Gentlemen:

Pursuant to the provisions of §2.11 of the First Amended and Restated Credit Agreement dated as of October 22, 2021, as amended by that certain First Amendment to First Amended and Restated Credit Agreement, Note Assumption, Consolidation and Modification Agreement and Amendment to Other Loan Documents dated as of August 5, 2022 (as the same may be further varied, extended, supplemented, consolidated, replaced, increased, renewed, modified or amended from time to time, the "<u>Credit Agreement</u>"), by and among GTJ Realty, LP, a Delaware limited partnership ("<u>Borrower</u>"), KeyBank National Association ("<u>KeyBank</u>"), as Agent, and each of the financial institutions initially a signatory thereto together with their assignees pursuant to §18 of the Credit Agreement, the Borrower hereby requests an increase in the Total Term Loan Commitment (as defined in the Credit Agreement) as further set forth below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.In connection with the request for such increase, the Borrower hereby certifies and agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Request for Increase</u>. The Borrower hereby requests an increase of the Total Term Loan Commitment from $0.00 to $20,000,000.00 (the "<u>Increase</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Certifications</u>. In connection with the Increase, each of Borrower and the entities listed on the signature pages hereof as "Guarantors" (hereinafter referred to individually as a "<u>Guarantor</u>" and collectively as "<u>Guarantors</u>") certifies that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)As of the effective date of the Increase, both immediately before and after giving effect to the Increase, there shall exist no Default or Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)The representations and warranties made by the Borrower, the Guarantors and their respective Subsidiaries in the Loan Documents or otherwise made by or on behalf of such Persons in connection therewith or after the date thereof were true and correct in all material respects when made, are true and correct in all material respects as of the date hereof, and shall be true and correct in all material respects as of the effective date of the Increase (although any representations and warranties which expressly relate to a given date or period shall be required only to be true and correct in all material respects as of the respective date or for the respective period, as the case may be) (in each case, without duplication of any materiality qualifier contained therein), both immediately before and after giving effect to the Increase; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)Borrower has paid all fees and expenses required by §2.11(d) of the Credit Agreement in respect of the Increase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Commitments</u>. Borrower hereby acknowledges and agrees that as of the effective date of the Increase and following satisfaction of all conditions precedent thereto as provided in §2.11(d) of the Credit Agreement, the amount of each Term Loan Lender's Term Loan Commitment and each

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KeyBank National Association, as Agent

December 2, 2025

Page - 2 -

Lender's Total Commitment shall be the amounts set forth opposite such Lender's name on <u>Schedule 1.1</u> attached hereto, and the Total Term Loan Commitment and the Total Commitment under the Credit Agreement will include the Increase. In connection with the Increase, KeyBank shall be issued a new Term Loan Note in the amount of its Term Loan Commitment (the "<u>New Note</u>"), which shall, upon acceptance thereof by KeyBank, constitute a "Term Loan Note" under the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Other Conditions</u>. All other conditions to the Increase set forth in §2.11 of the Credit Agreement have been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<u>Guaranty</u>. The Guarantors acknowledge and agree that upon the effectiveness of the Increase, the New Note described in Paragraph 1(c) above shall be, as provided in the Guaranty, included in the definition of "Note" and be a part of the "Obligations" (as each such term is defined in the Guaranty) under the Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.<u>Definitions</u>. Capitalized terms used herein which are not otherwise defined herein shall have the meanings set forth in the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.<u>References to Loan Documents</u>. All references in the Loan Documents to the Credit Agreement shall be deemed a reference to the Credit Agreement as supplemented by this letter agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.<u>Consent and Acknowledgment of Borrower and Guarantors</u>. By execution of this letter agreement, the Guarantors hereby expressly consent to the transactions relating to the Credit Agreement as set forth herein and any other agreements or instruments executed in connection herewith, and the Borrower and the Guarantors hereby acknowledge, represent and agree that (a) the Credit Agreement, as supplemented hereby, and the other Loan Documents remain in full force and effect and constitute the valid and legally binding obligation of the Borrower and the Guarantors, as applicable, enforceable against such Persons in accordance with their respective terms, (b) that the Guaranty extends to and applies to the Credit Agreement as supplemented hereby, and (c) that the execution and delivery of this letter agreement and any other agreements or instruments executed in connection herewith does not constitute, and shall not be deemed to constitute, a release, waiver or satisfaction of Borrower's or any Guarantor's obligations under the Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.<u>Increase Letter as Loan Document</u>. This letter agreement shall constitute a Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>GOVERNING LAW.</u> THIS LETTER AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER, AND SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.** 

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IN WITNESS WHEREOF, we have hereunto set our hands as of the date first set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>BORROWER</u>**:<br>**GTJ REALTY, LP**, a Delaware limited partnership<br>By: GTJ GP, LLC, a Maryland limited liability company, its general partner<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: GTJ REIT, Inc., a Maryland corporation, <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; its sole member<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: <u>/s/ Paul A. Cooper</u><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: Paul A. Cooper<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Chief Executive Officer<br>

*[Signatures Continue on Following Page]*

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>GUARANTORS</u>:**<br>**GTJ GP, LLC**, a Maryland limited liability company<br>By: GTJ REIT, Inc., a Maryland corporation, its sole member<br>By: <u>/s/ Paul A. Cooper</u><br> Name: Paul A. Cooper<br>Title: Chief Executive Officer<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**GTJ REIT, INC.**, a Maryland corporation <br>By: <u>/s/ Paul A. Cooper</u><br> Name: Paul A. Cooper<br>Title: Chief Executive Officer<br>|

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*[Signatures Continued on Next Page]*

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**GWL Borden LLC, GWL 4 Corporate LLC, GWL 8 Corporate LLC, WU/LH 15 Progress L.L.C., GWL 9111 Cheetos LLC,** 

**GWL 9305 Pioneer LLC**, and

**GWL 2998 BANNON LLC**,

each a Delaware limited liability company

By: GTJ REALTY, LP, a Delaware limited partnership, its manager and sole member

By: GTJ GP, LLC, a Maryland limited liability company, its general partner

By: GTJ REIT, Inc., a Maryland corporation, its sole member

By: <u>/s/ Paul A. Cooper</u> <br> Name: Paul A. Cooper

Title: Chief Executive Officer

*[Signatures Continued on Next Page]*

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**<u>INCREASING LENDER</u>:**

**KEYBANK NATIONAL ASSOCIATION**<br>

By: <u>/s/ Bradley Sellers</u> <br>Name: Bradley Sellers<br>Title: Authorized Signatory

<br>*[Signatures Continue on Following Page]*

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**ACKNOWLEDGED:**

**KEYBANK NATIONAL ASSOCIATION,** <br> as Agent<br>

By: <u>/s/ Bradley Sellers</u> <br>Name: Bradley Sellers<br>Title: Authorized Signatory

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**<u>SCHEDULE 1.1</u>**

**TERM LOAN COMMITMENTS**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<u>Name</u> | &nbsp;&nbsp;<u>Commitment</u> | &nbsp;&nbsp;<u>Commitment Percentage</u> |
| &nbsp;&nbsp;KeyBank National Association | &nbsp;&nbsp;$20000000.00 | &nbsp;&nbsp;100.0% |
| &nbsp;&nbsp;TOTAL | &nbsp;&nbsp;$20000000.00 | &nbsp;&nbsp;100.0% |

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Schedule 1.1 – Page 1

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**TOTAL COMMITMENTS**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<u><br>Name and Address</u> | &nbsp;&nbsp;<br><u>Total Commitment</u> | &nbsp;&nbsp;<br><u>Commitment Percentage</u> |
| &nbsp;&nbsp;KeyBank National Association<br>1200 Abernathy Road, N.E., Suite 1550<br>Atlanta, Georgia 30328<br>Attention: Tayven Hike<br>Telephone: 770-510-2100<br> Facsimile: 770-510-2195<br>| &nbsp;&nbsp;$46666667.67 | &nbsp;&nbsp;77.777779450000% |
| &nbsp;&nbsp;First Financial Bank<br>255 E Fifth Street, Suite 800<br>Cincinnati, Ohio 45102<br>Attention: Jamie Schmitz<br>Telephone: 513-979-5888<br> Facsimile: <br>| &nbsp;&nbsp;$13333333.33 | &nbsp;&nbsp;22.222222216667% |
| &nbsp;&nbsp;TOTAL | &nbsp;&nbsp;$60000000.00 | &nbsp;&nbsp;100.0%\* |

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\* Percentages may not equal 100% due to rounding.

Schedule 1.1 – Page 1

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