Company: CMCT
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001104659-25-109739
Chunk: 2

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-12
Form: 8-K
Item: Item 1.01
Chunk 2
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404(a) of Regulation S-K.

In connection with Mr. Berlin’s resignation,
on November 6, 2025, the Company, CIM Group, L. P., CIM SBA Staffing, LLC (“ CIM SBA Staffing) and Mr. Berlin entered into
a Separation Agreement and General Mutual Release of all Claims (the “ Separation Agreement”). Pursuant to the Separation Agreement,
Mr. Berlin will receive from the Company (i) a severance payment of $350,000 and (ii) an additional payment of (x) $270,000
if the resignation is effective on or prior to December 14, 2025 or (y) $250,000 if the resignation is effective on or after
December 15, 2025, and CIM Group, L. P. will purchase (x) 2,052.545 of Mr. Berlin’s vested shares of CIM Real Estate
Finance Trust, Inc. (“ CMFT”) if the resignation is effective on or prior to December 14, 2025 or (y) 1,980.983
of Mr. Berlin’s vested shares of CMFT if the resignation is effective on or after December 15, 2025. Additionally, pursuant
to the Separation Agreement, Mr. Berlin and CIM SBA Staffing have agreed to a mutual general release of claims.

The summary of the Separation Agreement set forth
above is qualified in its entirety by reference to the full text of the Separation Agreement, which is attached as Exhibit 10.1 hereto
and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.