On April 11, 2024, Presidio Property Trust, Inc., sent a letter to Zuma Capital Management, LLC with respect to the purported notice of nominations submitted to the Company on December 19, 2023, as purported to be supplemented on January 4, 2024, January 25, 2024, February 23, 2024, and March 15, 2024. In its letter, the Company informed Zuma that the Company?s Board of Directors at its meeting held on April 10, 2024, had determined, in consultation with its legal advisors, that Zuma had failed to comply with the Company?s Second Amended and Restated Bylaws in connection with the submission of the Zuma Purported Notice of Nominations and, accordingly, (i) the Zuma Purported Notice of Nominations is non-compliant and was rejected, and (ii) pursuant to the Company Bylaws, none of Zuma?s purported nominees are eligible for election at the Company?s 2024 Annual Meeting of Stockholders (including any and all adjournments, postponements, continuations, and rescheduling's thereof, the 2024 Annual Meeting), and any attempt by Zuma at the 2024 Annual Meeting to nominate individuals for election to the Company Board would be disregarded.