Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

On January 21, 2026, Presidio Property Trust, Inc. (the "Company") and NetREIT SC II, LLC, a subsidiary of the Company (the "Borrower"), received a notice (the "Default Notice") from Wells Fargo Bank, National Association (the "Lender") alleging that the Borrower's failure to repay in full by January 5, 2026 the indebtedness owed under that certain promissory note dated as of December 24, 2015 issued to The Bancorp Bank (the "Original Lender") in the original principal amount of $17,727,500.00 (the "Note"), the related loan agreement, dated as of December 24, 2015 by and between Borrower and the Original Lender (the "Loan Agreement") and other related agreements (together with the Note and the Loan Agreement, the "Loan Documents"), constitutes an event of default under the Loan Documents.

As a result of the alleged event of default, the entire unpaid amounts shall bear interest at the default interest rate equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 5% above the original interest rate of 4.92% per annum. In addition, the Default Notice states that the Lender has the right to foreclose or partially foreclose certain real and personal property that the Borrower had pledged as security for the Note located in Douglas County, Colorado, known as the "Shea Center II" (the "Property"). The Default Notice further states that the Lender revoked the Borrower's license under the Loan Documents to receive, collect and make use of rents, profits and income from the Property.

The Company is exploring its options to cure the event of default alleged in the Default Notice.