Extract to table

Conditions Precedent to Closing (Exhibit B) Exhibit B to the Commitment Letter sets forth the conditions precedent that must be satisfied or waived on or prior to the closing date

Documentation Conditions The following documentation conditions must be satisfied at or prior to closing: 1

Execution and delivery of the definitive Credit Agreement, which must be substantially consistent with the Term Sheet attached as Exhibit A and governed by the laws of the State of New York

Granite Peak NIH Holdings, LLC is required to pledge 100% of the equity interests in Nexford Industrial Holdings Inc

Corporate / Organizational Conditions The following corporate and organizational conditions must be satisfied at or prior to closing: 1

The manager(s) or member(s) of Granite Peak NIH Holdings, LLC must adopt resolutions authorizing the execution and delivery of the guarantee, the equity pledge of Nexford equity interests, and the related loan documents