Company: SQFTP
Filing Date: 2025-12-09
Form Type: S-8
Source: 0001493152-25-026716
Chunk: 24

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-09
Form: S-8
Chunk 24
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 officer was adjudged
liable to the corporation or in a suit in which the director or officer was adjudged liable on the basis that personal benefit was improperly
received. A court may order indemnification if it determines that the director or officer is fairly and reasonably entitled to indemnification,
even though the director or officer did not meet the prescribed standard of conduct or was adjudged liable on the basis that personal
benefit was improperly received. However, indemnification for an adverse judgment in a suit by the Registrant or in its right, or for
a judgment of liability on the basis that personal benefit was improperly received, is limited to expenses.

In addition, the MGCL permits
a corporation to advance reasonable expenses to a director or officer upon the corporation’s receipt of (a) a written affirmation
by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification
and (b) a written undertaking by him or her or on his or her behalf to repay the amount paid or reimbursed if it is ultimately determined
that the standard of conduct was not met.

The Registrant’s charter
authorizes it, and the Registrant’s bylaws obligate it, to the maximum extent permitted by Maryland law in effect from time to time,
to indemnify and, without requiring a preliminary determination of the ultimate entitlement to indemnification, pay or reimburse reasonable
expenses in advance of final disposition of a proceeding to:

| ● | any present or former director or officer of the Registrant who is made or threatened to be made a party to, or witness in, a proceeding by reason of his or her service in that capacity; or                                                                                                                                                                                                                                                                                 |
| ● | any individual who, while a director or officer of the Registrant and at its request, serves or has served as a director, officer, partner, trustee, member or manager of another corporation, real estate investment trust, limited liability company, partnership, joint venture, trust, employee benefit plan or any other enterprise and who is made or threatened to be made a party to, or witness in, the proceeding by reason of his or her service in that capacity. |

The Registrant’s charter
and bylaws also permit it to indemnify and advance expenses to any individual who served any of the Registrant’s predecessors in
any of the capacities described above and any employee or agent of the Registrant or any of the Registrant’s predecessors.

The Registrant has entered
into indemnification agreements with each of