EX-10.24
from 10-K
9 pages
This Exchange Agreement (The “Agreement”), Dated as of March 28, 2024, by and Among Creative Media & Community Trust Corporation, a Maryland Corporation (“CMCT”), CMCT Nav REIT, a Maryland Statutory Trust (“Nav REIT”), Cim Urban Partners L.P., a Maryland Limited Partnership (The “Operating Partnership”), and the Holders, Other Than Nav REIT, of Operating Partnership Units From Time to Time (Each, a “Unitholder”). Capitalized Terms Used but Not Otherwise Defined Herein Have the Respective Meanings Ascribed Thereto in the Amended and Restated Limited Partnership Agreement of the Operating Partnership of the Operating Partnership, Dated March 28, 2024 (The “Operating Partnership Agreement”), or the Declaration of Trust of Nav REIT, Dated March 28, 2024 (The “Nav REIT Governing Document”), as Applicable. Whereas, Nav REIT and the Unitholders Are Owners of Units of Partnership Interests of the Operating Partnership (The “Units”); Whereas, Nav REIT Common Shareholders (As Defined Herein) Are Owners of Nav REIT Common Shares (As Herein Defined);
12/34/56