Company: SQFTP
Filing Date: 2025-10-28
Form Type: DRS
Source: 0001493152-25-019889
Chunk: 88

Company: Presidio Property Trust, Inc.
Filing Date: 2025-10-28
Form: DRS
Chunk 88
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 constructive sale provisions of the Code; and                                                 |
| ● | persons                                                                                                                                  
 who hold or receive our capital stock pursuant to the exercise of any employee stock option or otherwise as compensation.                |

THIS DISCUSSION IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED AS TAX ADVICE. INVESTORS SHOULD CONSULT THEIR TAX ADVISORS WITH RESPECT TO THE APPLICATION OF THE U.S. FEDERAL INCOME TAX LAWS TO THEIR PARTICULAR SITUATIONS AS WELL AS ANY TAX CONSEQUENCES OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF OUR CAPITAL STOCK ARISING UNDER OTHER U.S. FEDERAL TAX LAWS (INCLUDING ESTATE AND GIFT TAX LAWS), UNDER THE LAWS OF ANY STATE, LOCAL OR NON-U.S. TAXING JURISDICTION OR UNDER ANY APPLICABLE TAX TREATY.

For purposes of this discussion, a “U.S. holder” is a beneficial owner of our capital stock that, for U.S. federal income tax purposes, is or is treated as:

| ● | an                                                                                                                                 
 individual who is a citizen or tax resident of the United States and who owns our capital stock directly or through an entity that 
 is disregarded for U.S. federal income tax purposes;                                                                               |
| ● | a                                                                                                                                  
 corporation created or organized under the laws of the United States, any state thereof, or the District of Columbia that is not   
 an “S corporation” as defined in Section 1361 of the Code;                                                                         |
| ● | an                                                                                                                                 
 estate, the income of which is subject to U.S. federal income tax regardless of its source; or                                     |

| 57 |

| ● | a                                                                                                                                
 trust that (1) is subject to the primary supervision of a U.S. court with respect to its administration and under the control of 
 one or more “United States persons” (within the meaning of Section 7701(a)(30) of the Code) or (2) has a valid election          
 in effect to be treated as a United States person for U.S. federal income tax purposes.                                          |

For purposes of this discussion, a “non-U.S. holder” is any beneficial owner of our capital stock that is neither a U.S. holder, an entity treated as a partnership for U.S. federal income tax purposes, or a corporation created or organized under the laws of the United States, any state thereof, or the District of Columbia, that is an “S corporation” as defined in Section 1361