On May 9, 2024, Zuma Capital Management LLC entered into a cooperation agreement with Presidio Property Trust, Inc., pursuant to which the Company agreed to appoint Elena Piliptchak as a Class III director to the Board of Directors of the Company with a term expiring at the Company?s 2026 annual meeting of stockholders. Zuma Capital Management stated that the cooperation agreement further provides that the Company has agreed that Elena Piliptchak shall be appointed to at least two (2) of the Board?s committees within fourteen (14) days of the date the cooperation agreement was executed, including the Nominating and Corporate Governance Committee and that the second committee appointment shall be to the Audit Committee, the Compensation Committee, or a newly constituted Strategy Committee. Zuma Capital Management also stated that pursuant to the cooperation agreement, it has agreed to withdraw its nomination notice for the Company?s 2024 annual meeting of stockholders and cease all solicitation efforts in connection with the 2024 annual meeting.