<SEC-DOCUMENT>0001493152-21-027585.txt : 20211109
<SEC-HEADER>0001493152-21-027585.hdr.sgml : 20211109
<ACCEPTANCE-DATETIME>20211109090015
ACCESSION NUMBER:		0001493152-21-027585
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		18
CONFORMED PERIOD OF REPORT:	20211108
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20211109
DATE AS OF CHANGE:		20211109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Presidio Property Trust, Inc.
		CENTRAL INDEX KEY:			0001080657
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				330841255
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34049
		FILM NUMBER:		211390074

	BUSINESS ADDRESS:	
		STREET 1:		4995 MURPHY CANYON ROAD
		STREET 2:		SUITE 300
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92123
		BUSINESS PHONE:		760-471-8536

	MAIL ADDRESS:	
		STREET 1:		4995 MURPHY CANYON ROAD
		STREET 2:		SUITE 300
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92123

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETREIT, INC.
		DATE OF NAME CHANGE:	20100903

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETREIT
		DATE OF NAME CHANGE:	19990225
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k.htm
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2021" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:us-roles="http://fasb.org/us-roles/2021-01-31" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:country="http://xbrl.sec.gov/country/2021" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:SQFT="http://presidiopt.com/20211108">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02A_US%2DGAAP%2D2021 -->
<!-- Field: Set; Name: xdx; ID: xdx_030_SQFT_presidiopt.com_20211108 -->
<!-- Field: Set; Name: xdx; ID: xdx_040_20211108_20211108 -->
<!-- Field: Set; Name: xdx; ID: xdx_052_edei%2D%2DEntityCentralIndexKey_0001080657 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityCentralIndexKey">0001080657</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:booleanfalse" name="dei:AmendmentFlag">false</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="sqft-20211108.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="From2021-11-08to2021-11-08">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0001080657</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2021-11-08</xbrli:startDate>
        <xbrli:endDate>2021-11-08</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0001080657</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">SQFT:SeriesCommonStock0.01ParValuePerShareMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2021-11-08</xbrli:startDate>
        <xbrli:endDate>2021-11-08</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2021-11-082021-11-08_custom_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0001080657</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">SQFT:Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2021-11-08</xbrli:startDate>
        <xbrli:endDate>2021-11-08</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<!-- Field: Rule-Page --><div style="margin-top: 0pt; width: 100%; margin-bottom: 0pt"><div style="border-top: Black 4pt solid; border-bottom: Black 1.5pt solid; margin-top: 0pt; font-size: 1pt; margin-bottom: 0pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 18pt Times New Roman, Times, Serif"><b>UNITED
STATES</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 18pt Times New Roman, Times, Serif"><b>SECURITIES
AND EXCHANGE COMMISSION</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 12pt Times New Roman, Times, Serif"><b>Washington,
D.C. 20549</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 18pt Times New Roman, Times, Serif"><b>FORM
<span id="xdx_906_edei--DocumentType_c20211108__20211108_z2mUkoEk6yo7"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>CURRENT
REPORT</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>PURSUANT
TO SECTION 13 OR 15(d) OF THE</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>SECURITIES
EXCHANGE ACT OF 1934</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Date
of Report (Date of earliest event reported): <b><span id="xdx_908_edei--DocumentPeriodEndDate_c20211108__20211108_zmcM6sWv9mwl"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">November 8, 2021</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 18pt Times New Roman, Times, Serif"><b><span id="xdx_90F_edei--EntityRegistrantName_c20211108__20211108_zQAd0WJOS071"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityRegistrantName">Presidio
Property Trust, Inc.</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(Exact
name of registrant as specified in its charter)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90C_edei--EntityIncorporationStateCountryCode_c20211108__20211108_z4tkBRJLlA98"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">Maryland</ix:nonNumeric></span></b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_edei--EntityFileNumber_c20211108__20211108_zYn7wa2qlVwi"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityFileNumber">001-34049</ix:nonNumeric></span></b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_edei--EntityTaxIdentificationNumber_c20211108__20211108_zpq4vaFeJKr3"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityTaxIdentificationNumber">33-0841255</ix:nonNumeric></span></b></span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">(State
    or other jurisdiction</span></p>
    <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">of
    incorporation)</span></p></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">(Commission</span></p>
    <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">File
    Number)</span></p></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">(IRS
    Employer</span></p>
    <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">Identification
    No.)</span></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_edei--EntityAddressAddressLine1_c20211108__20211108_zSKx5Xs27hvb"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityAddressAddressLine1">4995
Murphy Canyon Road</ix:nonNumeric></span>, <span id="xdx_902_edei--EntityAddressAddressLine2_c20211108__20211108_zPaNFFPvYWnh"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityAddressAddressLine2">Suite 300</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90C_edei--EntityAddressCityOrTown_c20211108__20211108_zIm1HfAu5VGe"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityAddressCityOrTown">San
Diego</ix:nonNumeric></span>, <span id="xdx_900_edei--EntityAddressStateOrProvince_c20211108__20211108_zCcEerBniCse"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric></span> <span id="xdx_901_edei--EntityAddressPostalZipCode_c20211108__20211108_zNqD0BM824Pe"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityAddressPostalZipCode">92123</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(Address
of principal executive offices, including zip code)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Registrant&#8217;s
telephone number, including area code: <b><span id="xdx_90B_edei--CityAreaCode_c20211108__20211108_zHVj75Ym9gr4"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:CityAreaCode">(760)</ix:nonNumeric></span> <span id="xdx_901_edei--LocalPhoneNumber_c20211108__20211108_zE1DZqjhUlda"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:LocalPhoneNumber">471-8536</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_edei--EntityInformationFormerLegalOrRegisteredName_c20211108__20211108_zSNfOAjDD1H4"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" name="dei:EntityInformationFormerLegalOrRegisteredName">Not
Applicable</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(Former
name or former address, if changed since last report)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_edei--WrittenCommunications_c20211108__20211108_zrzIK4c3IZM7"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Written
    communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_edei--SolicitingMaterial_c20211108__20211108_z8zD5uwxRrt"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Soliciting
    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_edei--PreCommencementTenderOffer_c20211108__20211108_zWTx61vEEU1i"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_edei--PreCommencementIssuerTenderOffer_c20211108__20211108_zZlrSqzPmjw7"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#9744;</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Pre-commencement
    communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Securities
registered pursuant to Section 12(b) of the Act:</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center; width: 38%"><span style="font: 10pt Times New Roman, Times, Serif"><b>Title
    of each class</b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center; width: 2%"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 18%"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Trading</b></span></p>
    <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Symbol(s)</b></span></p></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center; width: 2%"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center; width: 40%"><span style="font: 10pt Times New Roman, Times, Serif"><b>Name
    of each exchange on which registered</b></span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_edei--Security12bTitle_c20211108__20211108__us-gaap--StatementClassOfStockAxis__custom--SeriesCommonStock0.01ParValuePerShareMember_zVD1FPo4NZU3"><ix:nonNumeric contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember" name="dei:Security12bTitle">Series
    A Common Stock, $0.01 par value per share</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_edei--TradingSymbol_c20211108__20211108__us-gaap--StatementClassOfStockAxis__custom--SeriesCommonStock0.01ParValuePerShareMember_zze9jc97cQIb"><ix:nonNumeric contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember" name="dei:TradingSymbol">SQFT</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">The
    <span id="xdx_90A_edei--SecurityExchangeName_c20211108__20211108__us-gaap--StatementClassOfStockAxis__custom--SeriesCommonStock0.01ParValuePerShareMember_zoJxpz8fw4Mg"><ix:nonNumeric contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">Nasdaq</ix:nonNumeric></span> Stock Market LLC</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_edei--Security12bTitle_c20211108__20211108__us-gaap--StatementClassOfStockAxis__custom--Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember_zzxOOcxeWD8"><ix:nonNumeric contextRef="From2021-11-082021-11-08_custom_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" name="dei:Security12bTitle">9.375%
    Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_edei--TradingSymbol_c20211108__20211108__us-gaap--StatementClassOfStockAxis__custom--Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember_zJmr0tZN4St9"><ix:nonNumeric contextRef="From2021-11-082021-11-08_custom_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" name="dei:TradingSymbol">SQFTP</ix:nonNumeric></span></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">The
    <span id="xdx_903_edei--SecurityExchangeName_c20211108__20211108__us-gaap--StatementClassOfStockAxis__custom--SeriesCommonStock0.01ParValuePerShareMember_zVhMW2aBVB2h"><ix:nonNumeric contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">Nasdaq</ix:nonNumeric></span> Stock Market LLC</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Emerging
growth company <span id="xdx_907_edei--EntityEmergingGrowthCompany_c20211108__20211108_znwoK1IKkArk"><ix:nonNumeric contextRef="From2021-11-08to2021-11-08" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#9744;</ix:nonNumeric></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif"></span></p>

<!-- Field: Rule-Page --><div style="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><div style="border-top: Black 1.5pt solid; border-bottom: Black 4pt solid; font-size: 1pt"></div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"></span></p>


<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1.5pt solid; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 100%">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><span style="font: 10pt Times New Roman, Times, Serif"><b>Item
    1.01</b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"><b>Entry
    Into a Material Definitive Agreement</b></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 27pt"><span style="font: 10pt Times New Roman, Times, Serif"><i>ATM
Agency Agreement</i></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">On
November 8, 2021, Presidio Property Trust, Inc. (the &#8220;Company&#8221;) entered into an At-the-Market Offering Agreement (the &#8220;Sales
Agreement&#8221;) with The Benchmark Company, LLC (the &#8220;Manager&#8221;) pursuant to which the Manager will act as the Company&#8217;s
sales agent with respect to the issuance and sale of up to $4,399,000 of the Company&#8217;s shares of Series A common stock, par value
$0.01 per share (the &#8220;Shares&#8221;), from time to time in an at-the-market public offering (the &#8220;Offering&#8221;).</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Sales
of our common stock, if any, through the Manager, will be by any method that is deemed to be an &#8220;at-the-market&#8221; equity offering
as defined in Rule 415 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), including sales made directly
on or through the Nasdaq Capital Market or any other existing trading market for the common stock in the U.S. or to or through a market
maker. The Manager may also sell the common stock in privately negotiated transactions, subject to our prior approval. The price per
share will be at prevailing market prices. The Company will pay the Manager a commission equal to 3.5% of the gross proceeds from the
sale of the common stock pursuant to the Sales Agreement.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">The
Company or the Manager may suspend the offering of Shares upon notice and subject to other conditions. The Sales Agreement will terminate
upon the earlier of (i) the sale of the maximum dollar amount of shares of common stock subject to the Sales Agreement, and (ii) the
termination of the Sales Agreement by us or the Manager.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">The
Sales Agreement contains representations, warranties and covenants that are customary for transactions of this type. In addition, the
Company has agreed to indemnify the Manager against certain liabilities, including liabilities under the Securities Act.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">A
copy of the Sales Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K (&#8220;this Report&#8221;) and is incorporated
herein by reference. The description of the Sales Agreement is qualified in its entirety by reference to Exhibit 10.1 to this Report.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">The
Shares will be sold and issued pursuant the Company&#8217;s shelf registration statement on Form S-3 (File No. 333-251779), which was
declared effective by the Securities and Exchange Commission on April 27, 2021 (the &#8220;Registration Statement&#8221;), and a related
prospectus supplement.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">This
Report, including the exhibits filed herewith, is not an offer to sell or the solicitation of an offer to buy the Shares or any other
securities of the Company, nor shall there by any offer, solicitation or sale of the Shares or any other securities of the Company in
any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of such state.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">Copies
of the opinions of Venable LLP relating to the validity of the shares of common stock sold under the Sales Agreement and of Whiteford
Taylor Preston LLP relating to certain United States federal income tax matters are filed as Exhibits 5.1 and 8.1, respectively, to this
Report. The exhibits are filed with reference to and are hereby incorporated by reference into the Registration Statement.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><span style="font: 10pt Times New Roman, Times, Serif"><b>Item
    9.01</b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"><b>Financial
    Statements and Exhibits</b></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">(d)
Exhibits</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The
following exhibits are being filed herewith:</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: 10pt Times New Roman, Times, Serif">5.1</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.1in"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><a href="ex5-1.htm">Opinion of Venable LLP</a></span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">8.1</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><a href="ex8-1.htm"><span style="font: 10pt Times New Roman, Times, Serif">Opinion of Whiteford Taylor Preston LLP</span></a></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">10.1</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><a href="ex10-1.htm">At-The-Market Offering Agreement dated November 8, 2021, by and between Presidio Property Trust, Inc. and The Benchmark Company, LLC</a> </span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">23.1</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><a href="ex5-1.htm">Consent of Venable LLP (contained in Exhibit 5.1)</a></span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">23.2</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><a href="ex8-1.htm"><span style="font: 10pt Times New Roman, Times, Serif">Consent of Whiteford Taylor Preston LLP (included in Exhibit 8.1)</span></a></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">104</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Cover Page Interactive Data File (embedded within the Inline XBRL document)&#160;</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"></span></p>


<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1.5pt solid; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 100%">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;<span style="text-decoration: underline"></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>SIGNATURES</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"><b>PRESIDIO
    PROPERTY TRUST, INC. </b></span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 50%"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 5%"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 45%"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">By:</span></td>
    <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"><i>/s/
    Adam Sragovicz</i></span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Name:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Adam
    Sragovicz</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Title:</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Chief
    Financial Officer</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Dated:
    November 9, 2021</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>


<!-- Field: Page; Sequence: 3; Options: Last -->
    <div style="border-bottom: Black 1.5pt solid; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 100%">&#160;</td></tr></table></div>
    <!-- Field: /Page -->

<p style="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif">&#160;</span></p>

</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJyVkdFOwjAUhp+AdzhZ9I6MboYou8OhxAhm2QjxtmwHbVjb5ayb8ki+pW2HcOOFNk2atv9/vr+nQTAOlvpR1Ejwep+vYIOyqblByHGPhKpEq0ifnhOwa45vojXElfHbH2OqrQetZxrOdvbcK3vRYpVAFE3YdBJHwOKE3UG2DkbuPtVqLypURvAauKogI92QQMPpOFTY8E+ttDx60hapFVrZciEbrr8gZlEML7rnH5oOLaxWaTAa+zEKlqS7xmG61mgJDzVKy2oH62X6KKXXJAWWs/DmdlqgjdEu0k52tg+ixxwrRMl3NWZIDZqO1xm55hBWhdHlgYUsyjhted05SfHOCdcod0i2esRiG3R+Su0J1zAwYAEXClwwcObAGQSeNIYrB4OGE/QOB41tf+uAv77IUeznSK3+G/SUcA6D/c/4b2LFtdc= -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ex5-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="ex5-1_001.jpg" ALT="" STYLE="height: 63px; width: 624px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">November 8, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Presidio Property Trust, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">4995 Murphy Canyon Road, Suite 300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">San Diego, California 92123</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">Re: <U>Registration Statement on
Form S-3 (File No. 333-251779)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">We have served as Maryland counsel
to Presidio Property Trust, Inc., a Maryland corporation (the &ldquo;Company&rdquo;), in connection with certain matters of Maryland
law relating to the registration by the Company of shares of its Series A Common Stock, par value $0.01 per share (the &ldquo;Series
A Common Stock&rdquo;), having an aggregate offering price of up to $4,399,000 (the &ldquo;Shares&rdquo;), which may be sold from time
to time pursuant to the Sales Agreement, dated as of November 8, 2021 (the &ldquo;Sales Agreement&rdquo;), by and between the
Company and The Benchmark Company, LLC, as sales agent. This firm did not participate in the drafting or negotiation of the Sales Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">In connection with our representation
of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified
to our satisfaction, of the following documents (hereinafter collectively referred to as the &ldquo;Documents&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1. The
Registration Statement on Form S-3, and all amendments thereto (the &ldquo;Registration Statement&rdquo;), in the form in which it was
transmitted to the U.S. Securities and Exchange Commission (the &ldquo;Commission&rdquo;) for filing on December 29, 2020 under the Securities
Act of 1933, as amended (the &ldquo;1933 Act&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2. The prospectus, dated April
27, 2021, that forms a part of the Registration Statement and the prospectus supplement, dated November 8, 2021, in the form in
which it was transmitted to the Commission for filing pursuant to Rule 424(b) of the General Rules and Regulations promulgated under
the 1933 Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3. The
charter of the Company (the &ldquo;Charter&rdquo;), certified by the State Department of Assessments and Taxation of Maryland (the &ldquo;SDAT&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4. The
Second Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">5. A
certificate of the SDAT as to the good standing of the Company, dated as of a recent date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="ex5-1_002.jpg" ALT="SecondPage" STYLE="height: 64px; width: 623px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
Property Trust, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page
2</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6. Resolutions
adopted by the Board of Directors of the Company relating to, among other matters, (a) the authorization of the execution and delivery
by the Company of the Sales Agreement and (b) the sale and issuance of the Shares (the &ldquo;Resolutions&rdquo;), certified as of the
date hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7. The
Sales Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">8. A
certificate executed by an officer of the Company, dated as of the date hereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">9. Such
other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions,
limitations and qualifications stated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">In expressing the opinion set forth
below, we have assumed the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1. Each
individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2. Each
individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3. Each
of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents
to which such party is a signatory, and such party&rsquo;s obligations set forth therein are legal, valid and binding and are enforceable
in accordance with all stated terms therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4. All
Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not
differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted
to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All public records
reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained
in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there
has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">5. None
of the Shares will be issued or transferred in violation of the restrictions on transfer and ownership contained in Article VII of the
Charter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt"><IMG SRC="ex5-1_002.jpg" ALT="SecondPage" STYLE="height: 64px; width: 623px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Presidio
Property Trust, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page
3</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">6. Upon
the issuance of any of the Shares, the total number of shares of Series A Common Stock issued and outstanding will not exceed the total
number of shares of Series A Common Stock that the Company is then authorized to issue under the Charter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">Based upon the foregoing, and subject
to the assumptions, limitations and qualifications stated herein, it is our opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1. The
Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing
with the SDAT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2. The
issuance and sale of the Shares have been duly authorized and, when issued and delivered by the Company in accordance with the Resolutions,
the Registration Statement and the Sales Agreement against payment of the consideration set forth therein, the Shares will be validly
issued, fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The foregoing opinion is limited
to the laws of the State of Maryland and we do not express any opinion herein concerning any other law. We express no opinion as to the
applicability or effect of federal or state securities laws, including the securities laws of the State of Maryland, or as to federal
or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed herein would be governed
by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The opinion expressed
herein is subject to the effect of any judicial decision which may permit the introduction of parol evidence to modify the terms or the
interpretation of agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The opinion expressed herein is
limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume
no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might
change the opinion expressed herein after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">This opinion is being furnished
to you for submission to the Commission as an exhibit to the Company&rsquo;s Current Report on Form 8-K, which is incorporated by reference
in the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Current Report on Form 8-K and the
said incorporation by reference and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within
the category of persons whose consent is required by Section 7 of the 1933 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>/s/ Venable LLP</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>3
<FILENAME>ex8-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
8.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Whiteford,
Taylor &amp; Preston L.L.P.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2in 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Elizabeth
                                            J. Atkinson<BR>
                                            Partner</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Direct
    Line </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(410) 347-8784</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Direct
    Fax </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(410) 223-4377<BR>
    EAtkinson@wtplaw.com</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Two
                                            James Center</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">1021
    E. Cary Street</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">suite
    1700</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Richmond,
    Virginia 23219</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Main
    Telephone (804) 977-3300</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">Facsimile
    (804) 977-3299</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Delaware*</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">District
    of Columbia</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Kentucky</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Maryland</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">New
    York</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">pennsylvania</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">virginia</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">www.wtplaw.com</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">(800)
987-8705</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
Property Trust, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4995
Murphy Canyon Road, Suite 300</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">San
Diego, CA 92123</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re:
Presidio Property Trust, Inc. Qualification as a Real Estate Investment Trust</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dear
Ladies and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have acted as special tax counsel to Presidio Property Trust, Inc., a Maryland corporation (the &ldquo;Company&rdquo;), in connection
with the offer and sale of up to $4,399,000 of Series A common stock of the Company, par value $0.01 per share, in an at-the-market offering
pursuant to a prospectus supplement dated November 8, 2021 (the &ldquo;Prospectus Supplement&rdquo;), forming part of the Registration
Statement on Form S-3 (File No. 333-251779) (the &ldquo;Registration Statement&rdquo;) filed with the Securities and Exchange Commission
(the &ldquo;Commission&rdquo;) on December 29, 2020 and declared effective on April 27, 2021 which includes the base prospectus dated
April 13, 2021 (the &ldquo;Base Prospectus&rdquo; and, together with the Prospectus Supplement the &ldquo;Prospectus&rdquo;.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>*Whiteford,
Taylor &amp; Preston L.L.P. is a limited liability partnership.&nbsp; Our Delaware offices are operated under a separate Delaware limited
liability company, Whiteford, Taylor &amp; Preston L.L.C.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
REIT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page
2</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
have requested our opinion concerning certain of the federal income tax considerations relating to the Company, including with respect
to its election to be taxed as a real estate investment trust (a &ldquo;REIT&rdquo;) under the Internal Revenue Code of 1986, as amended
(the &ldquo;Code&rdquo;). This opinion is based on certain assumptions and factual representations, including the facts set forth in
the Prospectus, concerning the business, assets and governing documents of the Company and its subsidiaries. We have also been furnished
with, and with your consent have relied upon, certain representations made by the Company and its subsidiaries with respect to certain
factual matters through a certificate of an officer of the Company, dated as of the date hereof (the &ldquo;Officer&rsquo;s Certificate&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
our capacity as special tax counsel to the Company, we have made such legal and factual examinations and inquiries, including an examination
of originals or copies certified or otherwise identified to our satisfaction of such documents, corporate records and other instruments,
as we have deemed necessary or appropriate for purposes of this opinion. We have not made an independent investigation or audit of the
facts set forth in the documents furnished to us or in the Officer&rsquo;s Certificate. In addition, in rendering this opinion we have
assumed the truth and accuracy of all representations and statements made to us that are qualified as to knowledge or belief, without
regard to such qualification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
our review, we have assumed, with your consent, that all of the representations and statements of a factual nature set forth in the documents
we reviewed are true and correct, and all of the obligations imposed by any such documents on the parties thereto have been and will
be performed or satisfied in accordance with their terms. We have also, with respect to documents we did not prepare ourselves (or did
not supervise the execution of), assumed the genuineness of all signatures, the proper execution of all documents, the authenticity of
all documents submitted to us as originals, the conformity to originals of documents submitted to us as copies, and the authenticity
of the originals from which any copies were made.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are opining herein only with respect to the federal income tax laws of the United States, and we express no opinion with respect to the
applicability thereto, or the effect thereon, of other federal laws or the laws of any state or other jurisdiction, or as to any matters
of municipal law or the laws of any other local agencies within any state.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
REIT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page
3</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Based
on such facts, and subject to the qualifications, assumptions, representations and limitations referenced herein, it is our opinion that:</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; width: 0.35in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commencing
    with its taxable year ended December 31, 2001, the Company has been organized in conformity with the requirements for qualification
    and taxation as a REIT under the Code, and its proposed method of operation will enable it to meet the requirements for qualification
    and taxation as a REIT under the Code; and</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    statements set forth in the Prospectus under the heading &ldquo;U.S. Federal Income Tax Considerations,&rdquo; insofar as they purport
    to describe or summarize certain provisions of the statutes or regulations referred to therein, are accurate descriptions or summaries
    in all material respects.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
opinion is expressed as to any matter not discussed herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
opinion is rendered to you as of the date of this letter, and we undertake no obligation to update this opinion subsequent to the date
hereof. A material change that is made after the date hereof in any of the foregoing bases for our opinions could affect our conclusions
This opinion is based on various statutory provisions, regulations promulgated thereunder and interpretations thereof by the Internal
Revenue Service and the courts having jurisdiction over such matters, all of which are subject to change either prospectively or retroactively.
Any such change may affect the conclusions stated herein. Also, any variation or difference in the facts from those set forth in the
Prospectus or the Officer&rsquo;s Certificate may affect the conclusions stated herein. As described in the Prospectus, the Company&rsquo;s
qualification and taxation as a REIT depend upon the Company&rsquo;s ability to meet the various requirements imposed under the Code,
including through actual annual operating results, asset composition, distribution levels and diversity of stock ownership. The results
of these tests have not been and will not be reviewed by the undersigned. Accordingly, no assurance can be given that the actual results
of the Company&rsquo;s operation for any particular taxable year will satisfy such requirements. In addition, the opinion set forth above
does not foreclose the possibility that the Company may have to pay a deficiency dividend, or an excise or penalty tax, which could be
significant in amount, in order to maintain its REIT qualification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
hereby consent to the filing of this opinion as an exhibit to the Company&rsquo;s Current Report on Form 8-K filed on November 8, 2021,
which is incorporated by reference into the Prospectus, and to the reference to our firm under the heading &ldquo;Legal Matters&rdquo;
in the Prospectus Supplement. In giving our consent, we do not thereby admit that we are in the category of persons whose consent is
required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Commission thereunder, nor do
we thereby admit that we are experts with respect to any part of the Prospectus within the meaning of the term &ldquo;experts&rdquo;
as used in Securities Act or the rules and regulations of the Commission thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very
    truly yours,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><I>/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHITEFORD,
    TAYLOR &amp; PRESTON LLP</FONT></I></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHITEFORD,
    TAYLOR &amp; PRESTON LLP</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ex10-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>PRESIDIO
PROPERTY TRUST, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>series
a COMMON STOCK</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B><U>SALES
AGREEMENT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
8, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Benchmark Company, LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150
East 58<SUP>th</SUP> Street, 17<SUP>th</SUP> Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10155</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
Property Trust, Inc., a Maryland corporation (the &ldquo;<B><U>Company</U></B>&rdquo;), confirms its agreement (this &ldquo;<B><U>Agreement</U></B>&rdquo;)
with The Benchmark Company, LLC, as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Issuance and Sale of Shares</U>. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject
to the conditions set forth herein, it may issue and sell to or through The Benchmark Company, LLC, acting as agent and/or principal
(the &ldquo;<B><U>Sales Agent</U></B>&rdquo;), shares of the Company&rsquo;s Series A common stock, par value $0.01 per share (the &ldquo;<B><U>Common
Stock</U></B>&rdquo;), subject to the limitations set forth in <U>Section 3(b)</U> hereof. The issuance and sale of shares of Common
Stock to or through the Sales Agent will be effected pursuant to the Registration Statement (as defined below) filed by the Company and
which was declared effective under the Securities Act (as defined below) by the U.S. Securities and Exchange Commission (the &ldquo;<B><U>Commission</U></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
to the date of this Agreement, the Company has filed in accordance with the provisions of the Securities Act of 1933, as amended, and
the rules and regulations thereunder (collectively, the &ldquo;<B><U>Securities Act</U></B>&rdquo;), with the Commission, a shelf registration
statement on Form S-3 (File No. 333-251779), including a base prospectus, relating to certain securities, including the Common Stock,
to be issued from time to time by the Company, which registration statement was declared effective by the Commission on April 27, 2021,
and which incorporates by reference documents that the Company has filed or will file in accordance with the provisions of the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder (collectively, the &ldquo;<B><U>Exchange Act</U></B>&rdquo;).
The Company has prepared a prospectus supplement specifically relating to the offering of Common Stock pursuant to this Agreement included
as part of such registration statement (the &ldquo;<B><U>ATM Prospectus</U></B>&rdquo;). The Company will furnish to the Sales Agent,
for use by the Sales Agent, copies of the ATM Prospectus included as part of such registration statement, relating to the Placement Shares
(as defined below). Except where the context otherwise requires, such registration statement, as amended, including all documents filed
as part thereof or incorporated by reference therein, and including any information contained in a Prospectus (as defined below) subsequently
filed with the Commission pursuant to Rule 424(b) under the Securities Act or deemed to be a part of such registration statement pursuant
to Rule 430B or 462(b) of the Securities Act, is herein called the &ldquo;<B>Registration Statement</B>.&rdquo; The base prospectus,
including all documents incorporated therein by reference (to the extent such information has not been superseded or modified in accordance
with Rule 412 under the Securities Act (as qualified by Rule 430B(g) of the Securities Act), and the ATM Prospectus, including all documents
incorporated therein by reference (to the extent such information has not been superseded or modified in accordance with Rule 412 under
the Securities Act (as qualified by Rule 430B(g) of the Securities Act), each of which is included in the Registration Statement, as
it or they may be supplemented by any additional prospectus supplement, in the form in which such prospectus and/or ATM Prospectus have
most recently been filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act, together with any &ldquo;issuer
free writing prospectus&rdquo; (&ldquo;<B>Issuer Free Writing Prospectus</B>&rdquo;), as defined in Rule 433 of the Securities Act (&ldquo;<B>Rule
433</B>&rdquo;), relating to the Placement Shares that (i) is required to be filed with the Commission by the Company or (ii) is exempt
from filing pursuant to Rule 433(d)(5)(i), in each case in the form filed or required to be filed with the Commission or, if not required
to be filed, in the form retained in the Company&rsquo;s records pursuant to Rule 433(g), is herein called the &ldquo;<B>Prospectus</B>.&rdquo;
Any reference herein to the Registration Statement, the Prospectus or any amendment or supplement thereto shall be deemed to refer to
and include the documents incorporated by reference therein, and any reference herein to the terms &ldquo;amend,&rdquo; &ldquo;amendment&rdquo;
or &ldquo;supplement&rdquo; with respect to the Registration Statement or the Prospectus shall be deemed to refer to and include the
filing after the execution hereof of any document with the Commission deemed to be incorporated by reference therein. For purposes of
this Agreement, all references to the Registration Statement, the Prospectus or to any amendment or supplement thereto shall be deemed
to include any copy filed with the Commission pursuant to either the Electronic Data Gathering Analysis and Retrieval System, or if applicable,
the Interactive Data Electronic Applications (collectively &ldquo;<B><U>EDGAR</U></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
<U>Placements</U>. Each time that the Company wishes to issue and sell the Common Stock through the Sales Agent, as agent, hereunder
(each, a &ldquo;<B><U>Placement</U></B>&rdquo;), it will notify the Sales Agent by email notice (or other method mutually agreed to in
writing by the parties) (a &ldquo;<B><U>Placement Notice</U></B>&rdquo;) containing the parameters in accordance with which it desires
the Common Stock to be sold, which shall at a minimum include the number of shares of Common Stock to be issued (the &ldquo;<B><U>Placement
Shares</U></B>&rdquo;), the time period during which sales are requested to be made, any limitation on the number of shares of Common
Stock that may be sold in any one Trading Day (as defined in <U>Section 3</U>) and any minimum price below which sales may not be made,
which minimum price shall be no less than $0.01 per share, a form of which containing such minimum sales parameters necessary is attached
hereto as <B><U>Schedule 1</U></B>. The Placement Notice shall originate from any of the individuals from the Company set forth on <B><U>Schedule
2</U></B> (with a copy to each of the other individuals from the Company listed on such schedule), and shall be addressed to each of
the individuals from the Sales Agent set forth on <B><U>Schedule 2</U></B>, as such <B><U>Schedule 2</U></B> may be amended from time
to time. The Placement Notice shall be effective upon receipt by the Sales Agent unless and until (i) in accordance with the notice requirements
set forth in <U>Section 4</U>, the Sales Agent declines to accept the terms contained therein for any reason, in its sole discretion,
(ii) the entire amount of the Placement Shares have been sold, (iii) in accordance with the notice requirements set forth in <U>Section
4</U>, the Company suspends or terminates the Placement Notice, (iv) the Company issues a subsequent Placement Notice with parameters
superseding those on the earlier dated Placement Notice, (v) the Placement Notice expires by its terms, or (vi) the Agreement has been
terminated under the provisions of <U>Section 11</U>. The amount of any discount, commission or other compensation to be paid by the
Company to the Sales Agent in connection with the sale of the Placement Shares through the Sales Agent, as agent, shall be as set forth
in <B><U>Schedule 3</U></B>. It is expressly acknowledged and agreed that neither the Company nor the Sales Agent will have any obligation
whatsoever with respect to a Placement or any Placement Shares unless and until the Company delivers a Placement Notice to the Sales
Agent and the Sales Agent does not decline such Placement Notice pursuant to the terms set forth above, and then only upon the terms
specified therein and herein. In the event of a conflict between the terms of this Agreement and the terms of a Placement Notice, the
terms of the Placement Notice will control.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.
<U>Sale of Placement Shares by the Sales Agent</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
Subject to the terms and conditions herein set forth, upon the Company&rsquo;s issuance of a Placement Notice, and unless the sale of
the Placement Shares described therein has been declined, suspended, or otherwise terminated in accordance with the terms of this Agreement,
the Sales Agent, as agent for the Company, will use its commercially reasonable efforts consistent with its normal trading and sales
practices and applicable state and federal laws, rules and regulations and the rules of The Nasdaq Capital Market (the &ldquo;<B><U>Exchange</U></B>&rdquo;),
for the period specified in the Placement Notice, to sell such Placement Shares up to the amount specified by the Company in, and otherwise
in accordance with the terms of such Placement Notice, with all sales at a price of no less than $0.01 per share. If acting as agent
hereunder, the Sales Agent will provide written confirmation to the Company (including by email correspondence to each of the individuals
of the Company set forth on <B><U>Schedule 2</U></B>, if receipt of such correspondence is actually acknowledged by any of the individuals
to whom the notice is sent, other than via auto-reply) no later than the opening of the Trading Day (as defined below) immediately following
the Trading Day on which it has made sales of Placement Shares hereunder setting forth the number of Placement Shares sold on such day,
the volume-weighted average price of the Placement Shares, the compensation payable by the Company to the Sales Agent pursuant to <U>Section
2</U> with respect to such sales, and the Net Proceeds (as defined below) payable to the Company, with an itemization of the deductions
made by the Sales Agent (as set forth in <U>Section 5(a)</U>) from the gross proceeds that it receives from such sales. Subject to the
terms of the Placement Notice, the Sales Agent may sell Placement Shares by any method permitted by law deemed to be an &ldquo;at the
market&rdquo; offering as defined in Rule 415 under the Securities Act, including, without limitation, sales made directly on the Exchange,
on any other existing trading market for the Common Stock or to or through a market maker. Subject to the terms of a Placement Notice,
the Sales Agent may also sell Placement Shares by any other method permitted by law, including, but not limited, to in negotiated transactions
with the Company&rsquo;s prior written consent. The Company acknowledges and agrees that (i) there can be no assurance that the Sales
Agent will be successful in selling Placement Shares, (ii) the Sales Agent will incur no liability or obligation to the Company or any
other person or entity if it does not sell Placement Shares for any reason other than a failure by the Sales Agent to use its commercially
reasonable efforts consistent with its normal trading and sales practices and applicable law and regulations to sell such Placement Shares
as required under this Agreement and (iii) the Sales Agent shall be under no obligation to purchase Placement Shares on a principal basis
pursuant to this Agreement, except as otherwise agreed by the Sales Agent and the Company in writing and expressly set forth in a Placement
Notice. For the purposes hereof, &ldquo;<B><U>Trading Day</U></B>&rdquo; means any day on which the Company&rsquo;s Common Stock is purchased
and sold on the principal market on which the Common Stock is listed or quoted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
Under no circumstances shall the Company cause or request the offer or sale of any Placement Shares if, after giving effect to the sale
of such Placement Shares, the aggregate number or gross sales proceeds of Placement Shares sold pursuant to this Agreement would exceed
the lesser of: (i) the number or dollar amount of shares of Common Stock registered pursuant to the Registration Statement pursuant to
which the offering hereunder is being made, (ii) the number of authorized but unissued and unreserved shares of Common Stock, (iii) the
number or dollar amount of shares of Common Stock permitted to be offered and sold by the Company under Form S-3 (including General Instruction
I.B.6. of Form S-3, if and for so long as applicable), (iv) the number or dollar amount of shares of Common Stock authorized from time
to time to be issued and sold under this Agreement by the Company&rsquo;s board of directors, a duly authorized committee thereof or
a duly authorized executive committee, and notified to the Sales Agent in writing, or (v) the number or dollar amount of shares of Common
Stock for which the Company has filed the ATM Prospectus or other prospectus supplement specifically relating to the offering of the
Placement Shares pursuant to this Agreement. Under no circumstances shall the Company cause or request the offer or sale of any Placement
Shares pursuant to this Agreement at a price lower than the minimum price authorized from time to time by the Company&rsquo;s board of
directors, a duly authorized committee thereof or a duly authorized executive committee, and notified to the Sales Agent in writing.
Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that compliance with the limitations
set forth in this <U>Section 3(b)</U> on the number or dollar amount of Placement Shares that may be issued and sold under this Agreement
from time to time shall be the sole responsibility of the Company, and that the Sales Agent shall have no obligation in connection with
such compliance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
During the term of this Agreement, neither the Sales Agent nor any of its affiliates or subsidiaries shall engage in (i) any short sale
of any security of the Company or (ii) any sale of any security of the Company that the Sales Agent does not own or any sale which is
consummated by the delivery of a security of the Company borrowed by, or for the account of, the Sales Agent. During the term of this
Agreement and notwithstanding anything to the contrary herein, the Sales Agent agrees that in no event will the Sales Agent or its affiliates
engage in any market making, bidding, stabilization or other trading activity with regard to the Common Stock or related derivative securities
if such activity would be prohibited under Regulation M or other anti-manipulation rules under the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.
<U>Suspension of Sales</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
The Company or the Sales Agent may, upon notice to the other party in writing (including by email correspondence to each of the individuals
of the other party set forth on <B><U>Schedule 2</U></B>, if receipt of such correspondence is actually acknowledged by any of the individuals
to whom the notice is sent, other than via auto-reply) or by telephone (confirmed immediately by verifiable facsimile transmission or
email correspondence to each of the individuals of the other party set forth on <B><U>Schedule 2</U></B>), suspend any sale of Placement
Shares for a period of time (a &ldquo;<B><U>Suspension Period</U></B>&rdquo;); <I>provided</I>, <I>however</I>, that such suspension
shall not affect or impair either party&rsquo;s obligations with respect to any Placement Shares sold hereunder prior to the receipt
of such notice. Each of the parties agrees that no such notice under this <U>Section 4</U> shall be effective against the other unless
it is made to one of the individuals named on <B><U>Schedule 2</U></B> hereto, as such schedule may be amended from time to time. During
a Suspension Period, the Company shall not issue any Placement Notices and the Sales Agent shall not sell any Placement Shares hereunder.
The party that issued a suspension notice shall notify the other party in writing of the Trading Day on which the Suspension Period shall
expire not less than twenty-four (24) hours prior to such Trading Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
Notwithstanding any other provision of this Agreement, during any period in which the Company is in possession of material non-public
information, the Company and the Sales Agent agree that (i) no sale of Placement Shares will take place, (ii) the Company shall not request
the sale of any Placement Shares, and (iii) the Sales Agent shall not be obligated to sell or offer to sell any Placement Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.
<U>Settlement</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
<U>Settlement of Placement Shares</U>. Unless otherwise specified in the applicable Placement Notice, settlement for sales of Placement
Shares will occur on the second (2<SUP>nd</SUP>) Trading Day (or such earlier day as is industry practice for regular-way trading) following
the respective Point of Sale (as defined below) (each, a &ldquo;<B><U>Settlement Date</U></B>&rdquo;). The amount of proceeds to be delivered
to the Company on a Settlement Date against receipt of the Placement Shares sold (the &ldquo;<B><U>Net Proceeds</U></B>&rdquo;) will
be equal to the aggregate sales price received by the Sales Agent at which such Placement Shares were sold, after deduction for (i) the
Sales Agent&rsquo;s discount, commission or other compensation for such sales payable by the Company pursuant to <U>Section 2</U> hereof,
and (ii) any transaction fees, trading expenses or execution fees imposed by any clearing organization or any governmental or self-regulatory
organization and any other fees incurred by the Sales Agent in respect of such sales.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
<U>Delivery of Placement Shares</U>. On or before each Settlement Date, the Company will, or will cause its transfer agent to, electronically
transfer the Placement Shares being sold by crediting the Sales Agent&rsquo;s or its designee&rsquo;s account (provided the Sales Agent
shall have given the Company written notice of such designee prior to the Settlement Date) at The Depository Trust Company through its
Deposit and Withdrawal at Custodian System or by such other means of delivery as may be mutually agreed upon by the parties hereto which
in all cases shall be freely tradable, transferable, registered shares in good deliverable form. On each Settlement Date, the Sales Agent
will deliver the related Net Proceeds in same day funds to an account designated by the Company on, or prior to, the Settlement Date.
The Company agrees that if the Company, or its transfer agent (if applicable), defaults in its obligation to deliver duly authorized
Placement Shares on a Settlement Date, through no fault of the Sales Agent, the Company agrees that in addition to and in no way limiting
the rights and obligations set forth in <U>Section 9(a) </U>(Company Indemnification) hereto, the Company will (i) hold the Sales Agent,
its directors, officers, members, partners, employees and agents of the Sales Agent, each broker dealer affiliate of the Sales Agent,
and each person, if any, who (A) controls the Sales Agent within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act or (B) is controlled by or is under common control with the Sales Agent (each, a &ldquo;<B><U>Sales Agent Affiliate</U></B>&rdquo;),
and the Sales Agent&rsquo;s clearing organization, harmless against any loss, claim, damage, or reasonable and documented expense (including
reasonable legal fees and expenses), as incurred, arising out of or in connection with such default by the Company or its transfer agent
(if applicable) and (ii) pay to the Sales Agent any commission, discount, or other compensation to which it would otherwise have been
entitled absent such default.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.
<U>Representations and Warranties of the Company</U>. The Company represents and warrants to, and agrees with, the Sales Agent that as
of each Applicable Time (as defined in <U>Section 22(a)</U>), unless such representation, warranty or agreement specifies a different
time or times:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
<U>Compliance with Registration Requirements</U>. As of each Applicable Time other than the date of this Agreement, the Registration
Statement and any Rule 462(b) Registration Statement have been declared effective by the Commission under the Securities Act. The Company
has complied to the Commission&rsquo;s satisfaction with all requests of the Commission for additional or supplemental information related
to the Registration Statement and the Prospectus. No stop order suspending the effectiveness of the Registration Statement or any Rule
462(b) Registration Statement is in effect and no proceedings for such purpose have been instituted or are pending or, to the knowledge
of the Company, are contemplated or threatened by the Commission. The Registration Statement and, assuming no act or omission on the
part of the Sales Agent that would make such statements untrue, the offer and sale of the Placement Shares as contemplated hereby meet
the requirements of Rule 415 under the Securities Act and comply in all material respects with said Rule. In the section entitled &ldquo;Plan
of Distribution&rdquo; in the ATM Prospectus, the Company has named The Benchmark Company, LLC as an agent that the Company has engaged
in connection with the transactions contemplated by this Agreement. The Company was not and is not an &ldquo;ineligible issuer&rdquo;
as defined in Rule 405 under the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
<U>No Misstatement or Omission</U>. The Registration Statement and any post-effective amendment thereto, at the time it became or becomes
effective, complied or will comply in all material respects with the Securities Act. The Prospectus, and any amendment or supplement
thereto, on the date of such Prospectus or amendment or supplement, complied or will comply in all material respects with the Securities
Act. The Registration Statement and any post-effective amendment thereto, at the time it became or becomes effective, did not and will
not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein not misleading. The Prospectus, as amended or supplemented, as of its date, did not and, as of each Point of Sale
and each Settlement Date, will not contain any untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. The representations and
warranties set forth in the two immediately preceding sentences do not apply to statements in or omissions from the Registration Statement
or any post-effective amendment thereto, or the Prospectus, or any amendments or supplements thereto, made in reliance upon and in conformity
with information relating to the Sales Agent furnished to the Company in writing by the Sales Agent expressly for use therein. &ldquo;<B><U>Point
of Sale</U></B>&rdquo; means, for a Placement, the time at which an acquiror of Placement Shares entered into a contract, binding upon
such acquiror, to acquire such Placement Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
<U>Offering Materials Furnished to the Sales Agent</U>. Copies of the Registration Statement, the Prospectus, and all amendments or supplements
thereto and all documents incorporated by reference therein that were filed with the Commission on or prior to the date of this Agreement,
have been delivered, or are publicly available through EDGAR, to the Sales Agent. Each Prospectus delivered to the Sales Agent for use
in connection with the sale of the Placement Shares pursuant to this Agreement will be identical to the version of such Prospectus filed
with the Commission via EDGAR, except to the extent permitted by Regulation S-T.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
<U>Distribution of Offering Material By the Company</U>. The Company has not distributed and will not distribute, prior to the completion
of the Sales Agent&rsquo;s distribution of the Placement Shares, any offering material in connection with the offering and sale of the
Placement Shares other than the Prospectus or the Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)
<U>The Sales Agreement</U>. This Agreement has been duly authorized, executed and delivered by the Company, and constitutes a valid,
legal, and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as rights to indemnity
hereunder may be limited by federal or state securities laws and except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the rights of creditors generally, and subject to general principles of equity.
The Company has full corporate power and authority to enter into this Agreement and to authorize, issue and sell the Placement Shares
as contemplated by this Agreement. This Agreement conforms in all material respects to the descriptions thereof in the Registration Statement
and the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)
<U>Authorization of the Placement Shares</U>. The Placement Shares, when issued and paid for as contemplated herein, will be validly
issued, fully paid and nonassessable, will be issued in compliance with all applicable securities laws, and will be free of preemptive,
registration or similar rights, and will conform to the description of the Common Stock contained in the Registration Statement and the
Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)
<U>No Applicable Registration or Other Similar Rights</U>. There are no persons with registration or other similar rights to have any
equity or debt securities registered for sale under the Registration Statement or included in the offering contemplated by this Agreement,
except for such rights as have been duly waived. No person has the right to act as an underwriter or as a financial advisor to the Company
in connection with the offer and sale of the Placement Shares hereunder, whether as a result of the filing or effectiveness of the Registration
Statement or the sale of the Placement Shares as contemplated hereby or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)
<U>No Material Adverse Change</U>. Except as otherwise disclosed in the Prospectus, subsequent to the respective dates as of which information
is given in the Prospectus: (i) there has been no material adverse change in the financial position or results of operations of the Company
or its Subsidiaries (as defined in Section 6(n)) taken as a whole, nor any change or development that, singularly or in the aggregate,
would involve a material adverse change or a prospective material adverse change, in or affecting the condition (financial or otherwise),
results of operations, business, assets or prospects of the Company or its Subsidiaries taken as a whole (any such change is called a
&ldquo;<B><U>Material Adverse Change</U></B>&rdquo;); (ii) the Company has not incurred any material liability or obligation, indirect,
direct or contingent, not in the ordinary course of business nor entered into any material transaction or agreement not in the ordinary
course of business; (iii) there has been no dividend or distribution of any kind declared, paid or made by the Company; (iv) no officer
or director of the Company has resigned from any position with the Company; and (v) there has not been any Material Adverse Change in
the Company&rsquo;s long-term debt.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
<U>Independent Accountants</U>. To the knowledge of the Company, <FONT STYLE="background-color: white">Baker Tilly, LLP,</FONT> whose
report is filed with the Commission and included or incorporated by reference in the Registration Statement and the Prospectus, is an
independent registered public accounting firm as required by the Securities Act and the Public Company Accounting Oversight Board (&ldquo;<B><U>PCAOB</U></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)
<U>Financial Statements</U>; <U>Preparation of the Financial Statements</U>. The financial statements filed with the Commission as a
part of the Registration Statement and included in the Prospectus, together with the related notes and schedules, present fairly, in
all material respects, the consolidated financial position of the Company and its subsidiaries as of and at the dates indicated and the
results of their operations and cash flows for the periods specified. Such financial statements and supporting schedules have been prepared
in conformity with U.S. generally accepted accounting principles (&ldquo;<B>GAAP</B>&rdquo;) applied on a consistent basis throughout
the periods involved, except as may be expressly stated in the related notes thereto. No other financial statements or supporting schedules
are required to be included in or incorporated in the Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)
<U>Forward-Looking Statements</U>. No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section
21E of the Exchange Act) contained in the Registration Statement or the Prospectus has been made or reaffirmed by the Company without
a reasonable basis or has been disclosed by the Company other than in good faith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)
<U>Statistical and Marketing-Related Data</U>. The statistical and market-related data included in each of the Registration Statement
and the Prospectus are based on or derived from sources that the Company reasonably and in good faith believes are reliable and accurate
or represent the Company&rsquo;s good faith estimates that are made on the basis of data derived from such sources.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)
<U>XBRL</U>. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Registration
Statement fairly presents the information called for in all material respects and has been prepared in accordance with the Commission&rsquo;s
rules and guidelines applicable thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)
<U>Incorporation and Good Standing of the Company</U>. The Company is a corporation duly incorporated and validly existing under the
laws of the State of Maryland. The Company has requisite corporate power to carry on its business as described in the Prospectus. The
Company is duly qualified to transact business and is in good standing in all jurisdictions in which the conduct of its business requires
such qualification, except where the failure to be so qualified or to be in good standing would not result in a Material Adverse Change.
The Company has no subsidiaries and does not own or control, directly or indirectly, any corporation, association or other entity other
than the subsidiaries listed in Exhibit 21.1 to the Company&rsquo;s Annual Report on Form 10-K for the most recently ended fiscal year
and other than (i) those subsidiaries not required to be listed on Exhibit 21.1 by Item 601 of Regulation S-K under the Exchange Act
and (ii) those subsidiaries formed since the last day of the most recently ended fiscal year. All direct and indirect subsidiaries (collectively,
the &ldquo;<B><U>Subsidiaries</U></B>&rdquo;) of the Company are duly organized and in good standing under the laws of the place of organization
or incorporation, and each Subsidiary is in good standing in each jurisdiction in which its ownership or lease of property or the conduct
of business requires such qualification, except where the failure to qualify would not result in a Material Adverse Change. The Company&rsquo;s
ownership and control of each Subsidiary is as described in the Registration Statement and the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)
<U>Capital Stock Matters</U>. All issued and outstanding securities of the Company issued prior to the transactions contemplated by this
Agreement have been duly authorized and validly issued and are fully paid and non-assessable; the holders thereof have no rights of rescission
with respect thereto, and are not subject to personal liability by reason of being such holders; and none of such securities were issued
in violation of the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company.
The authorized shares of Common Stock conform in all material respects to all statements relating thereto contained in the Registration
Statement and the Prospectus. The offers and sales of the outstanding shares of Common Stock were at all relevant times either registered
under the Securities Act and the applicable state securities or &ldquo;blue sky&rdquo; laws or, based in part on the representations
and warranties of the purchasers of such shares, exempt from such registration requirements. The description of the Company&rsquo;s stock
option, stock bonus and other stock plans or arrangements, and the options or other rights granted thereunder, as described in the Registration
Statement and the Prospectus, accurately and fairly present, in all material respects, the information required to be shown with respect
to such plans, arrangements, options and rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)
<U>Non-Contravention of Existing Instruments; No Further Authorizations or Approvals Required</U>. The Company&rsquo;s execution, delivery
and performance of this Agreement and consummation of the transactions contemplated hereby or by the Registration Statement and the Prospectus
(including the issuance and sale of the Placement Shares and the use of the proceeds from the sale of the Placement Shares as described
in the Prospectus under the caption &ldquo;Use of Proceeds&rdquo;) will not (A) result in a material violation of any existing applicable
law, rule, regulation, judgment, order or decree of any Governmental Entity as of the date hereof, (B) conflict with, result in any violation
or breach of, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to
others any right of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) (a &ldquo;<B><U>Default
Acceleration Event</U></B>&rdquo;) of, any agreement, lease, credit facility, debt, note, bond, mortgage, indenture or other instrument
(&ldquo;<B><U>Contract</U></B>&rdquo;) or obligation or other understanding to which the Company is a party or by which any property
or asset of the Company is bound or affected, except to the extent that such conflict, default, or Default Acceleration Event is not
reasonably likely to result in a Material Adverse Change, or (C) result in a breach or violation of any of the terms and provisions of,
or constitute a default under, the Company&rsquo;s charter (as the same may be amended or restated from time to time) or bylaws (as the
same may be amended or restated from time to time). The Company is not in violation, breach or default under its charter (as the same
may be amended or restated from time to time) or bylaws (as the same may be amended or restated from time to time). Neither the Company
nor, to its knowledge, any other party is in violation, breach or default of any Contract that has resulted in or could reasonably be
expected to result in a Material Adverse Change. Each approval, consent, order, authorization, designation, declaration or filing by
or with any regulatory, administrative or other governmental body necessary in connection with the execution and delivery by the Company
of this Agreement and the performance of the Company of the transactions herein contemplated has been obtained or made and is in full
force and effect, except (i) with respect to any Applicable Time at which the Sales Agent would not be able to rely on Rule 5110(b)(7)(C)(i)
of the Financial Industry Regulatory Authority, Inc. (&ldquo;<B><U>FINRA</U></B>&rdquo;), such additional steps as may be required by
FINRA, (ii) filings with the Commission required under the Securities Act or the Exchange Act, or filings with the Exchange pursuant
to the rules and regulations of the Exchange, in each case that are contemplated by this Agreement to be made after the date of this
Agreement, and (iii) such additional steps as may be necessary to qualify the Common Stock for sale by the Sales Agent under state securities
or Blue Sky laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)
<U>No Material Actions or Proceedings</U>. There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation or governmental
proceeding pending or, to the Company&rsquo;s knowledge, threatened against, or involving the Company or, to the Company&rsquo;s knowledge,
any executive officer or director which has not been disclosed in the Registration Statement and the Prospectus which is required to
be disclosed, except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)
<U>Labor Disputes</U>. No labor dispute with the employees of the Company or any of its Subsidiaries exists or, to the knowledge of the
Company, is imminent. The Company is not aware that any key employee or significant group of employees of the Company plans to terminate
employment with the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)
<U>Compliance with Certain Applicable Laws</U>. The Company and each Subsidiary: (A) is and at all times has been in compliance with
all statutes, rules, or regulations applicable to the Company (&ldquo;<B><U>Applicable Laws</U></B>&rdquo;), except as could not, individually
or in the aggregate, reasonably be expected to result in a Material Adverse Change; (B) has not received any warning letter, untitled
letter or other correspondence or notice from any governmental authority alleging or asserting noncompliance with any Applicable Laws
or any licenses, certificates, approvals, clearances, authorizations, permits and supplements or amendments thereto required by any such
Applicable Laws (&ldquo;<B><U>Authorizations</U></B>&rdquo;); (C) possesses all material Authorizations and such Authorizations are valid
and in full force and effect and are not in material violation of any term of any such Authorizations; (D) has not received notice of
any claim, action, suit, proceeding, hearing, enforcement, investigation, arbitration or other action from any governmental authority
or third party alleging that any activity is in violation of any Applicable Laws or Authorizations and has no knowledge that any such
governmental authority or third party is considering any such claim, litigation, arbitration, action, suit, investigation or proceeding;
(E) has not received notice that any governmental authority has taken, is taking or intends to take action to limit, suspend, modify
or revoke any Authorizations and has no knowledge that any such governmental authority is considering such action; and (F) has filed,
obtained, maintained or submitted all material reports, documents, forms, notices, applications, records, claims, submissions and supplements
or amendments as required by any Applicable Laws or Authorizations and that all such reports, documents, forms, notices, applications,
records, claims, submissions and supplements or amendments were complete and correct on the date filed (or were corrected or supplemented
by a subsequent submission).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)
<U>Tax Law Compliance</U>. Each of the Company and its Subsidiaries has filed all returns (as hereinafter defined) required to be filed
with taxing authorities prior to the date hereof or has duly obtained extensions of time for the filing thereof. The Company and each
of its Subsidiaries has paid all taxes (as hereinafter defined) shown as due on such returns that were filed and has paid all taxes imposed
on or assessed against the Company and its Subsidiaries. The provisions for taxes payable, if any, shown on the financial statements
filed with or as part of or incorporated by reference in the Registration Statement are sufficient for all accrued and unpaid taxes,
whether or not disputed, and for all periods to and including the dates of such consolidated financial statements. Other than as disclosed
in the Registration Statement and the Prospectus, (i) no issues have been raised (and are currently pending) by any taxing authority
in connection with any of the returns or taxes asserted as due from the Company or its Subsidiaries, and (ii) no waivers of statutes
of limitation with respect to the returns or collection of taxes have been given by or requested from the Company or its Subsidiaries.
There are no tax liens against the assets, properties or business of the Company or its Subsidiaries. The term &ldquo;<B><U>taxes</U></B>&rdquo;
means all federal, state, local, foreign and other net income, gross income, gross receipts, sales, use, ad valorem, transfer, franchise,
profits, license, lease, service, service use, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property,
windfall profits, customs, duties or other taxes, fees, assessments or charges of any kind whatever, together with any interest and any
penalties, additions to tax or additional amounts with respect thereto. The term &ldquo;<B><U>returns</U></B>&rdquo; means all returns,
declarations, reports, statements and other documents required to be filed in respect to taxes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)
<U>Company Not an &ldquo;Investment Company</U>&rdquo;. The Company is not, and will not be, either after receipt of payment for the
Placement Shares or after the application of the proceeds therefrom as described under &ldquo;Use of Proceeds&rdquo; in the Registration
Statement or the Prospectus, required to register as an &ldquo;investment company&rdquo; under the Investment Company Act of 1940, as
amended (the <B>&ldquo;<U>Investment Company Act</U></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)
<U>Insurance</U>. The Company carries or is entitled to the benefits of insurance, with reputable insurers, in such amounts and covering
such risks which the Company believes are adequate, and all such insurance is in full force and effect. The Company has no reason to
believe that it will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable
coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would
not result in a Material Adverse Change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(w)
<U>No Price Stabilization or Manipulation</U>. The Company has not taken, directly or indirectly (without giving any effect to the activities
of the Sales Agent), any action designed to or that might cause or result in stabilization or manipulation of the price of the Common
Stock or of any &ldquo;reference security&rdquo; (as defined in Rule 100 of Regulation M under the Exchange Act (&ldquo;<B><U>Regulation
M</U></B>&rdquo;)) with respect to the Common Stock, whether to facilitate the sale or resale of the Placement Shares or otherwise, and
has taken no action which would directly or indirectly violate Regulation M.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)
<U>Related Party Transactions</U>. There are no business relationships or related party transactions involving the Company or any other
person required to be described in the Registration Statement and the Prospectus that have not been described as required pursuant to
the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(y)
<U>Exchange Act Compliance</U>. The documents incorporated or deemed to be incorporated by reference in the Registration Statement, the
Prospectus or any amendment or supplement thereto, at the time they were or hereafter are filed with the Commission under the Exchange
Act, complied and will comply in all material respects with the requirements of the Exchange Act, and, when read together with the other
information in the Prospectus, at each Point of Sale and each Settlement Date, will not contain an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to make the fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(z)
<U>Conformity of Issuer Free Writing Prospectus</U>. Each Issuer Free Writing Prospectus conformed or will conform in all material respects
to the requirements of the Securities Act on the date of first use, and the Company has complied or will comply with any filing requirements
applicable to such Issuer Free Writing Prospectus pursuant to the Securities Act. Each Issuer Free Writing Prospectus, as of its issue
date and at all subsequent times through the completion of the public offer and sale of the Placement Shares, did not, does not and will
not include any information that conflicted, conflicts or will conflict with the information contained in the Registration Statement
or the Prospectus, including any document incorporated by reference therein that has not been superseded or modified. The Company has
not made any offer relating to the Placement Shares that would constitute an Issuer Free Writing Prospectus without the prior written
consent of the Sales Agent. The Company has retained in accordance with the Securities Act all Issuer Free Writing Prospectuses that
were not required to be filed pursuant to the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(aa)
<U>Compliance with Environmental Laws</U>. The Company is in compliance with all foreign, federal, state and local rules, laws and regulations
relating to the use, treatment, storage and disposal of hazardous or toxic substances or waste and protection of health and safety or
the environment which are applicable to its business (&ldquo;<B><U>Environmental Laws</U></B>&rdquo;), except where the failure to comply
would not, singularly or in the aggregate, result in a Material Adverse Change. There has been no storage, generation, transportation,
handling, treatment, disposal, discharge, emission, or other release of any kind of toxic or other wastes or other hazardous substances
by, due to, or caused by the Company (or, to the Company&rsquo;s knowledge, any other entity for whose acts or omissions the Company
is or may otherwise be liable) upon any of the property now or previously owned or leased by the Company, or upon any other property,
in violation of any law, statute, ordinance, rule, regulation, order, judgment, decree or permit or which would, under any law, statute,
ordinance, rule (including rule of common law), regulation, order, judgment, decree or permit, give rise to any liability, except for
any violation or liability which would not, singularly or in the aggregate with all such violations and liabilities, result in a Material
Adverse Change; and there has been no disposal, discharge, emission or other release of any kind onto such property or into the environment
surrounding such property of any toxic or other wastes or other hazardous substances with respect to which the Company has knowledge,
except for any such disposal, discharge, emission, or other release of any kind which would not, singularly or in the aggregate with
all such discharges and other releases, result in a Material Adverse Change. In the ordinary course of business, the Company conducts
periodic reviews of the effect of Environmental Laws on its business and assets, in the course of which it identifies and evaluates associated
costs and liabilities (including, without limitation, any capital or operating expenditures required for clean-up, closure of properties
or compliance with Environmental Laws or governmental permits issued thereunder, any related constraints on operating activities and
any potential liabilities to third parties). On the basis of such reviews, the Company has reasonably concluded that such associated
costs and liabilities would not, singularly or in the aggregate, result in a Material Adverse Change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(bb)
<U>Intellectual Property</U>. The Company and each of its Subsidiaries owns or possesses or has valid rights to use all patents, patent
applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses, inventions,
trade secrets and similar rights (&ldquo;<B><U>Intellectual Property Rights</U></B>&rdquo;) necessary for the conduct of the business
of the Company and each of its Subsidiaries as currently carried on and as described in the Registration Statement and the Prospectus,
except as would not be reasonably likely to result in a Material Adverse Change. To the knowledge of the Company, no action or use by
the Company or any of its Subsidiaries necessary for the conduct of its business as currently carried on and as described in the Registration
Statement and the Prospectus will involve or give rise to any infringement of, or license or similar fees for, any Intellectual Property
Rights of others, except where such action, use, license or fee is not reasonably likely to result in a Material Adverse Change. Neither
the Company nor any of its Subsidiaries has received any notice alleging any such infringement, fee or conflict with asserted Intellectual
Property Rights of others. Except as would not reasonably be expected to result, individually or in the aggregate, in a Material Adverse
Change (A) to the knowledge of the Company, there is no infringement, misappropriation or violation by third parties of any of the Intellectual
Property Rights owned by the Company; (B) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding
or claim by others challenging the rights of the Company in or to any such Intellectual Property Rights, and the Company is unaware of
any facts which would form a reasonable basis for any such claim, that would, individually or in the aggregate, together with any other
claims in this <U>Section 6(bb)</U>, reasonably be expected to result in a Material Adverse Change; (C) the Intellectual Property Rights
owned by the Company and, to the knowledge of the Company, the Intellectual Property Rights licensed to the Company have not been adjudged
by a court of competent jurisdiction invalid or unenforceable, in whole or in part, and there is no pending or, to the Company&rsquo;s
knowledge, threatened action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property
Rights, and the Company is unaware of any facts which would form a reasonable basis for any such claim that would, individually or in
the aggregate, together with any other claims in this <U>Section 6(bb)</U>, reasonably be expected to result in a Material Adverse Change;
(D) there is no pending or, to the Company&rsquo;s knowledge, threatened action, suit, proceeding or claim by others that the Company
infringes, misappropriates or otherwise violates any Intellectual Property Rights or other proprietary rights of others, the Company
has not received any written notice of such claim and the Company is unaware of any other facts which would form a reasonable basis for
any such claim that would, individually or in the aggregate, together with any other claims in this <U>Section 6(bb)</U>, reasonably
be expected to result in a Material Adverse Change; and (E) to the Company&rsquo;s knowledge, no employee of the Company is in or has
ever been in violation in any material respect of any term of any employment contract, patent disclosure agreement, invention assignment
agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former
employer where the basis of such violation relates to such employee&rsquo;s employment with the Company, or actions undertaken by the
employee while employed with the Company and could reasonably be expected to result, individually or in the aggregate, in a Material
Adverse Change. To the Company&rsquo;s knowledge, all material technical information developed by and belonging to the Company which
has not been patented has been kept confidential. The Company is not a party to or bound by any options, licenses or agreements with
respect to the Intellectual Property Rights of any other person or entity that are required to be set forth in the Registration Statement
and the Prospectus and are not described therein. The Registration Statement and the Prospectus contain in all material respects the
same description of the matters set forth in the preceding sentence. None of the technology employed by the Company has been obtained
or is being used by the Company in violation of any contractual obligation binding on the Company or, to the Company&rsquo;s knowledge,
any of its officers, directors or employees, or otherwise in violation of the rights of any persons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(cc)
<U>Brokers</U>. The Company is not a party to any contract, agreement or understanding with any person (other than as contemplated by
this Agreement) that would give rise to a valid claim against the Company or the Sales Agent for a brokerage commission, finder&rsquo;s
fee or like payment in connection with the offering and sale of the Placement Shares by the Sales Agent under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(dd)
<U>No Outstanding Loans or Other Indebtedness</U>. There are no outstanding loans, advances (except normal advances for business expenses
in the ordinary course of business) or guarantees or indebtedness by the Company to or for the benefit of any of the officers or directors
of the Company, or any of their respective family members, except as disclosed in the Registration Statement and the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ee)
<U>No Reliance</U>. The Company has not relied upon the Sales Agent or legal counsel for the Sales Agent for any legal, tax or accounting
advice in connection with the offering and sale of the Placement Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ff)
<U>Broker-Dealer Status</U>. Neither the Company nor any of its related entities (i) is required to register as a &ldquo;broker&rdquo;
or &ldquo;dealer&rdquo; in accordance with the provisions of the Exchange Act or (ii) directly or indirectly through one or more intermediaries,
controls or is a &ldquo;person associated with a member&rdquo; or &ldquo;associated person of a member&rdquo; (within the meaning of
Article I of the NASD Manual administered by FINRA). To the Company&rsquo;s knowledge, there are no affiliations or associations between
any member of FINRA and any of the Company&rsquo;s officers, directors or 5% or greater security holders, except as set forth in the
Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(gg)
<U>Market Capitalization</U>. At the time the Registration Statement and any Rule 462(b) Registration Statement was or will be filed
with the Commission, at the time the Registration Statement and any Rule 462(b) Registration Statement was or will be declared effective
by the Commission, and at the time the Company&rsquo;s most recent Annual Report on Form 10-K was filed with the Commission, the Company
met or will meet the then applicable requirements for the use of Form S-3 under the Securities Act, including, but not limited to, General
Instruction I.B.6 of Form S-3. The Company is not a shell company (as defined in Rule 405) and has not been a shell company for at least
12 calendar months previously and if it has been a shell company at any time previously, has filed current Form 10 information (as defined
in Instruction I.B.6. of Form S-3) with the Commission at least 12 calendar months previously reflecting its status as an entity that
is not a shell company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(hh)
<U>FINRA Matters</U>. All of the information provided to the Sales Agent or to counsel for the Sales Agent by the Company, its counsel,
its officers and directors and, to the Company&rsquo;s knowledge, the holders of any securities (debt or equity) or options to acquire
any securities of the Company in connection with the offering of the Placement Shares is true, complete, correct and compliant with FINRA&rsquo;s
rules in all material respects and any letters, filings or other supplemental information provided to FINRA pursuant to FINRA Rules or
NASD Conduct Rules is true, complete and correct in all material respects. Except as disclosed in the Registration Statement and the
Prospectus, there is no (i) officer or director of the Company, (ii) beneficial owner of 5% or more of any class of the Company&rsquo;s
securities or (iii) beneficial owner of the Company&rsquo;s unregistered equity securities that were acquired during the 180-day period
immediately preceding the date of this Agreement that is an affiliate or associated person of a FINRA member participating in the offer,
issuance and sale of the Placement Shares as contemplated by this Agreement and the Registration Statement and the Prospectus (as determined
in accordance with the rules and regulations of FINRA).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)
<U>Compliance with Orders</U>. The Company is not in violation of any material judgment, decree, or order of any court, arbitrator or
other governmental authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(jj)
<U>Sarbanes&ndash;Oxley Act</U>. The Company is in material compliance with any and all applicable requirements of the Sarbanes-Oxley
Act of 2002, as amended, and the rules and regulations promulgated in connection therewith (the &ldquo;<B><U>Sarbanes-Oxley Act</U></B>&rdquo;)
that are effective as of the date hereof, and any and all applicable rules and regulations promulgated by the Commission thereunder that
are effective as of the date hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(kk)
<U>Disclosure Controls And Procedures</U>. Except as set forth in the Registration Statement and the Prospectus, the Company and its
Subsidiaries maintain systems of &ldquo;internal control over financial reporting&rdquo; (as defined under Rules 13a-15 and 15d-15 under
the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their
respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) transactions are
executed in accordance with management&rsquo;s general or specific authorizations; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted
only in accordance with management&rsquo;s general or specific authorization; (iv) the recorded accountability for assets is compared
with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and (v) the interactive
data in eXtensible Business Reporting Language included or incorporated by references in the Registration Statement and the Prospectus
fairly present the information called for in all material respects and are prepared in accordance with the Commission&rsquo;s rules and
guidelines applicable thereto. Since the date of the latest audited financial statements included in the Registration Statement and the
Prospectus, there has been no change in the Company&rsquo;s internal control over financial reporting that has materially affected, or
is reasonably likely to materially affect, the Company&rsquo;s internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ll)
<U>ERISA</U>. The Company and any &ldquo;employee benefit plan&rdquo; (as defined under the Employee Retirement Income Security Act of
1974, as amended, and the regulations and published interpretations thereunder (collectively, &ldquo;<B><U>ERISA</U></B>&rdquo;)) established
or maintained by the Company or its &ldquo;ERISA Affiliates&rdquo; (as defined below) are in compliance in all material respects with
ERISA. &ldquo;<B><U>ERISA Affiliate</U></B>&rdquo; means, with respect to the Company, any member of any group of organizations described
in Sections 414(b),(c),(m) or (o) of the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations
thereunder (the &ldquo;<B><U>Code</U></B>&rdquo;) of which the Company is a member. No &ldquo;reportable event&rdquo; (as defined under
ERISA) has occurred or is reasonably expected to occur with respect to any &ldquo;employee benefit plan&rdquo; established or maintained
by the Company or any of its ERISA Affiliates. No &ldquo;employee benefit plan&rdquo; established or maintained by the Company or any
of its ERISA Affiliates, if such &ldquo;employee benefit plan&rdquo; were terminated, would have any &ldquo;amount of unfunded benefit
liabilities&rdquo; (as defined under ERISA). Neither the Company nor any of its ERISA Affiliates has incurred or reasonably expects to
incur any material liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any &ldquo;employee benefit
plan&rdquo; or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each &ldquo;employee benefit plan&rdquo; established or maintained
by the Company or any of its ERISA Affiliates that is intended to be qualified under Section 401(a) of the Code is so qualified and,
to the knowledge of the Company, nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(mm)
<U>Contracts and Agreements</U>. The agreements and documents described in the Registration Statement and the Prospectus conform in all
material respects to the descriptions thereof contained therein and there are no agreements or other documents required by the Securities
Act to be described in the Registration Statement and the Prospectus or to be filed with the Commission as exhibits to the Registration
Statement, that have not been so described or filed. Each agreement or other instrument (however characterized or described) to which
the Company is a party or by which it is or may be bound or affected and (i) that is referred to in the Registration Statement and the
Prospectus, or (ii) is material to the Company&rsquo;s business, has been duly authorized and validly executed by the Company, is in
full force and effect in all material respects and is enforceable against the Company and, to the Company&rsquo;s knowledge, the other
parties thereto, in accordance with its terms, except (x) as such enforceability may be limited by bankruptcy, insolvency, reorganization
or similar laws affecting creditors&rsquo; rights generally, (y) as enforceability of any indemnification or contribution provision may
be limited under the federal and state securities laws, and (z) that the remedy of specific performance and injunctive and other forms
of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor
may be brought. None of such agreements or instruments has been assigned by the Company, and neither the Company nor, to the Company&rsquo;s
knowledge, any other party is in default thereunder and, to the Company&rsquo;s knowledge, no event has occurred that, with the lapse
of time or the giving of notice, or both, would constitute a default thereunder. To the best of the Company&rsquo;s knowledge, performance
by the Company of the material provisions of such agreements or instruments will not result in a violation of any existing applicable
law, rule, regulation, judgment, order or decree of any governmental agency or court, domestic or foreign, having jurisdiction over the
Company or any of its assets or businesses (each, a &ldquo;<B><U>Governmental Entity</U></B>&rdquo;), including, without limitation,
those relating to environmental laws and regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(nn)
<U>Title to Properties</U>. Except as set forth in the Registration Statement and the Prospectus, the Company and its Subsidiaries have
good and marketable title in fee simple to, or have valid rights to lease or otherwise use, all items of real or personal property which
are material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances, security interests,
claims and defects that do not, singly or in the aggregate, materially affect the value of such property and do not interfere with the
use made and proposed to be made of such property by the Company or its Subsidiaries; and all of the leases and subleases material to
the business of the Company and its Subsidiaries, and under which the Company or its Subsidiaries hold properties described in the Registration
Statement and the Prospectus, are in full force and effect, and neither the Company nor any Subsidiaries has received any notice of any
material claim of any sort that has been asserted by anyone adverse to the rights of the Company or any Subsidiary under any of the leases
or subleases mentioned above, or affecting or questioning the rights of the Company or any Subsidiary to the continued possession of
the leased or subleased premises under any such lease or sublease, which would result in a Material Adverse Change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(oo)
<U>No Unlawful Contributions or Other Payments</U>. No payments or inducements have been made or given, directly or indirectly, to any
federal or local official or candidate for, any federal or state office in the United States or foreign offices by the Company or any
of its officers or directors, or, to the knowledge of the Company, by any of its employees or agents or any other person in connection
with any opportunity, contract, permit, certificate, consent, order, approval, waiver or other authorization relating to the business
of the Company, except for such payments or inducements as were lawful under applicable laws, rules and regulations. Neither the Company,
nor, to the knowledge of the Company, any director, officer, agent, employee or other person associated with or acting on behalf of the
Company, (i) has used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political
activity; (ii) made any direct or indirect unlawful payment to any government official or employee from corporate funds; or (iii) made
any bribe, unlawful rebate, payoff, influence payment, kickback or other unlawful payment in connection with the business of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(pp)
<U>Foreign Corrupt Practices Act</U>. None of the Company its Subsidiaries or, to the knowledge of the Company, any director, officer,
agent, employee, affiliate or other person acting on behalf of the Company and its Subsidiaries, is aware of or has taken any action,
directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and
the rules and regulations thereunder (collectively, the &ldquo;<B><U>FCPA</U></B>&rdquo;), including, without limitation, making use
of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or
authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value
to any &ldquo;foreign official&rdquo; (as such term is defined in the FCPA) or any foreign political party or official thereof or any
candidate for foreign political office, in contravention of the FCPA. The Company has conducted its business in compliance with the FCPA
and has instituted and maintains policies and procedures designed to ensure, and which are reasonably expected to continue to ensure,
continued compliance therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(qq)
<U>Money Laundering Laws</U>. The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance
with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as
amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations
or guidelines, issued, administered or enforced by any governmental agency (collectively, the &ldquo;<B><U>Money Laundering Laws</U></B>&rdquo;)
and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company
with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(rr)
<U>OFAC</U>. None of the Company, its Subsidiaries or, to the knowledge of the Company, any director, officer, agent, employee, affiliate
or person acting on behalf of the Company and its Subsidiaries is currently subject to any U.S. sanctions administered by the Office
of Foreign Assets Control of the U.S. Treasury Department (&ldquo;<B><U>OFAC</U></B>&rdquo;); and the Company will not directly or indirectly
use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner
or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered
by OFAC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ss)
<U>Exchange Listing</U>. The Common Stock is registered pursuant to Section 12(b) of the Exchange Act and is currently listed on the
Exchange under the trading symbol &ldquo;SQFT.&rdquo; Except as disclosed in the Registration Statement and the Prospectus, there is
no action pending by the Company or, to the Company&rsquo;s knowledge, the Exchange to delist the Common Stock from the Exchange, nor
has the Company received any notification that the Exchange is contemplating terminating such listing. The Company has no intention to
delist the Common Stock from the Exchange or to deregister the Common Stock under the Exchange Act, in either case, at any time during
the period commencing on the date of this Agreement through and including the 90th calendar day after the termination of this Agreement.
The Placement Shares have been approved for listing on the Exchange. The issuance and sale of the Placement Shares under this Agreement
does not contravene the rules and regulations of the Exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(tt)
<U>Margin Rules</U>. The Company owns no &ldquo;margin securities&rdquo; as that term is defined in Regulation U of the Board of Governors
of the Federal Reserve System (the &ldquo;<B><U>Federal Reserve Board</U></B>&rdquo;), and none of the proceeds from the issuance, sale
and delivery of the Placement Shares as contemplated by this Agreement and as described in the Registration Statement and the Prospectus
will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security, for the purpose of reducing or retiring
any indebtedness which was originally incurred to purchase or carry any margin security or for any other purpose which might cause any
of the shares of Common Stock to be considered a &ldquo;purpose credit&rdquo; within the meanings of Regulation T, U or X of the Federal
Reserve Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(uu)
<U>Underwriter Agreements</U>. The Company is not a party to any agreement with an agent or underwriter for any other &ldquo;at-the-market&rdquo;
or continuous equity transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vv)
<U>Board of Directors</U>. The qualifications of the persons serving as board members of the Company and the overall composition of the
Company&rsquo;s Board of Directors comply with the applicable requirements of the Exchange Act and the Sarbanes-Oxley Act and the listing
rules of the Exchange applicable to the Company. At least one member of the Audit Committee of the Board of Directors of the Company
qualifies as an &ldquo;audit committee financial expert,&rdquo; as such term is defined under Regulation S-K and the listing rules of
the Exchange. In addition, at least a majority of the persons serving on the Board of Directors of the Company qualify as &ldquo;independent,&rdquo;
as defined under the listing rules of the Exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ww)
<U>No Integration</U>. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf has, directly or
indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause
the offer and sale of the Placement Shares hereunder to be integrated with prior offerings by the Company for purposes of the Securities
Act that would require the registration of any such securities under the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xx)
<U>No Material Defaults</U>. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental on
one or more long-term leases, which defaults, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Change. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the Exchange Act since the filing of its last
Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii)
has defaulted on any installment on indebtedness for borrowed money or on any rental on one or more long-term leases, which defaults,
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(yy)
<U>Books and Records</U>. The minute books of the Company have been made available to the Sales Agent and counsel for the Sales Agent,
and such books (i) contain a substantially complete summary of all meetings and material actions of the board of directors (including
each board committee) and stockholders of the Company (or analogous governing bodies and interest holders, as applicable) since January
1, 2019 through the date of the latest meeting and action, and (ii) accurately in all material respects reflect all transactions referred
to in such minutes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(zz)
<U>Regulations</U>. The disclosures in the Registration Statement and the Prospectus concerning the effects of federal, state, local
and all foreign regulation on the Company&rsquo;s business in the past and as currently contemplated are correct in all material respects
and no other such regulations are required to be disclosed in the Registration Statement and the Prospectus which are not so disclosed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(aaa)
<U>Confidentiality and Non-Competitions</U>. To the Company&rsquo;s knowledge, no director, officer, key employee or consultant of the
Company is subject to any confidentiality, non-disclosure, non-competition agreement or non-solicitation agreement with any employer
or prior employer that could reasonably be expected to materially affect his ability to be and act in his respective capacity of the
Company or be expected to result in a Material Adverse Change.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(bbb)
<U>REIT Election and Qualification</U>. Commencing with its taxable year ended December 31, 2001, the Company has been organized in conformity
with the requirements for qualification and taxation as a real estate investment trust (a &ldquo;<B>REIT</B>&rdquo;) under the Code.
The ownership and method of operation of the Company as described in the Registration Statement and the Prospectus has enabled the Company
to meet the requirements for qualification and taxation as a REIT under the Code for the Company&rsquo;s taxable years ended December
31, 2019 and December 31, 2020. The Company currently intends to qualify as a REIT under the Code for the Company&rsquo;s taxable years
ended December 31, 2021 and thereafter, does not know of any event that would reasonably be expected to cause the Company to fail to
qualify as a REIT under the Code during any such time and has no present intention of changing its proposed and current method of operation
or engaging in activities which would cause it to fail to qualify or make economically undesirable its qualification as a REIT under
the Code. All statements regarding the Company&rsquo;s qualification and taxation as a REIT and descriptions of the Company&rsquo;s organization,
ownership and method of operation set forth in the Registration Statement and the Prospectus are true, correct and complete in all material
respects. Each of the Company&rsquo;s Subsidiaries is treated as a &ldquo;disregarded entity&rdquo; within the meaning of Section 7701
of the Code and all applicable regulations under the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ccc)
<U>Contracts Affecting Capital</U>. There are no transactions, arrangements or other relationships between and/or among the Company,
any of its affiliates (as such term is defined in Rule 405 of the Securities Act Regulations) and any unconsolidated entity, including,
but not limited to, any structured finance, special purpose or limited purpose entity that could reasonably be expected to materially
affect the Company&rsquo;s or its Subsidiaries&rsquo; liquidity or the availability of or requirements for their capital resources required
to be described or incorporated by reference in the Registration Statement and the Prospectus which have not been described or incorporated
by reference as required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ddd)
<U>Dividends and Distributions</U>. Except as disclosed in the Registration Statement and the Prospectus, no Subsidiary of the Company
is currently prohibited or restricted, directly or indirectly, from paying any dividends to the Company, from making any other distribution
on such Subsidiary&rsquo;s capital stock (to the extent that any such prohibition or restriction on dividends and/or distributions would
have a material effect to the Company), from repaying to the Company any loans or advances to such Subsidiary from the Company or from
transferring any of such Subsidiary&rsquo;s property or assets to the Company or any other Subsidiary of the Company, except as may otherwise
be provided in current loan or mortgage-related documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
certificate signed by an officer of the Company and delivered to the Sales Agent or to counsel for the Sales Agent pursuant to or in
connection with this Agreement shall be deemed to be a representation and warranty by the Company to the Sales Agent as to the matters
set forth therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company acknowledges that the Sales Agent and, for purposes of the opinions to be delivered pursuant to <U>Section 7</U> hereof, counsel
to the Company and counsel to the Sales Agent, will rely upon the accuracy and truthfulness of the foregoing representations and hereby
consents to such reliance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.
<U>Covenants of the Company</U>. The Company covenants and agrees with the Sales Agent that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
<U>Registration Statement Amendments</U>. After the date of this Agreement and during any period in which a Prospectus relating to any
Placement Shares is required to be delivered by the Sales Agent under the Securities Act (including in circumstances where such requirement
may be satisfied pursuant to Rule 153 or Rule 172 under the Securities Act), (i) the Company will notify the Sales Agent promptly of
the time when any subsequent amendment to the Registration Statement, other than documents incorporated by reference, has been filed
with the Commission and/or has become effective or any subsequent supplement to the Prospectus has been filed and of any request by the
Commission for any amendment or supplement to the Registration Statement or Prospectus or for additional information; (ii) the Company
will prepare and file with the Commission, promptly upon the Sales Agent&rsquo;s reasonable request, any amendments or supplements to
the Registration Statement or Prospectus that, in the Sales Agent&rsquo;s reasonable opinion, may be necessary or advisable in connection
with the distribution of the Placement Shares by the Sales Agent (<I>provided</I>, <I>however</I>, that the failure of the Sales Agent
to make such request shall not relieve the Company of any obligation or liability hereunder, or affect the Sales Agent&rsquo;s right
to rely on the representations and warranties made by the Company in this Agreement, and <I>provided</I>, <I>further</I>, that the only
remedy the Sales Agent shall have with respect to the failure to make such filing shall be to cease making sales under this Agreement
until such amendment or supplement is filed); (iii) the Company will not file any amendment or supplement to the Registration Statement
or Prospectus, other than documents incorporated by reference, relating to the Placement Shares or a security convertible into the Placement
Shares unless a copy thereof has been submitted to the Sales Agent within a reasonable period of time before the filing and the Sales
Agent has not reasonably objected thereto (<I>provided</I>, <I>however</I>, that the failure of the Sales Agent to make such objection
shall not relieve the Company of any obligation or liability hereunder, or affect the Sales Agent&rsquo;s right to rely on the representations
and warranties made by the Company in this Agreement, and <I>provided</I>, <I>further</I>, that the only remedy the Sales Agent shall
have with respect to the failure by the Company to obtain such consent shall be to cease making sales under this Agreement); (iv) the
Company will furnish to the Sales Agent at the time of filing thereof a copy of any document that upon filing is deemed to be incorporated
by reference into the Registration Statement or Prospectus, except for those documents available via EDGAR; and (v) the Company will
cause each amendment or supplement to the Prospectus, other than documents incorporated by reference, to be filed with the Commission
as required pursuant to the applicable paragraph of Rule 424(b) of the Securities Act (without reliance on Rule 424(b)(8) of the Securities
Act) or, in the case of any documents incorporated by reference, to be filed with the Commission as required pursuant to the Exchange
Act, within the time period prescribed (the determination to file or not file any amendment or supplement with the Commission under this
Section 7(a), based on the Company&rsquo;s reasonable opinion or reasonable objections, shall be made exclusively by the Company).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
<U>Notice of Commission Stop Orders</U>. The Company will advise the Sales Agent, promptly after it receives notice or obtains knowledge
thereof, of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or any notice
objecting to, or other order preventing or suspending the use of, the Prospectus, of the suspension of the qualification of the Placement
Shares for offering or sale in any jurisdiction, or of the initiation of any proceeding for any such purpose or any examination pursuant
to Section 8(e) of the Securities Act, or if the Company becomes the subject of a proceeding under Section 8A of the Securities Act in
connection with the offering of the Placement Shares; and it will promptly use its commercially reasonable efforts to prevent the issuance
of any stop order or to obtain its withdrawal if such a stop order should be issued. Until such time as any stop order is lifted, the
Sales Agent shall cease making offers and sales under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
<U>Delivery of Prospectus; Subsequent Changes</U>. During any period in which a Prospectus relating to the Placement Shares is required
to be delivered by the Sales Agent under the Securities Act with respect to a pending sale of the Placement Shares (including in circumstances
where such requirement may be satisfied pursuant to Rule 153 or Rule 172 under the Securities Act), the Company will comply in all material
respects with all requirements imposed upon it by the Securities Act, as from time to time in force, and to file on or before their respective
due dates all reports and any definitive proxy or information statements required to be filed by the Company with the Commission pursuant
to Sections 13(a), 13(c), 14, 15(d) or any other provision of or under the Exchange Act. If during such period any event occurs as a
result of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state
a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or if during
such period it is necessary to amend or supplement the Registration Statement or Prospectus to comply with the Securities Act, the Company
will promptly notify the Sales Agent to suspend the offering of Placement Shares during such period and the Company will promptly amend
or supplement the Registration Statement or Prospectus (at the expense of the Company) so as to correct such statement or omission or
effect such compliance; <I>provided</I>, <I>however</I>, that the Company may delay any such amendment or supplement if, in the reasonable
judgment of the Company, it is in the best interests of the Company to do so.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
<U>Listing of Placement Shares</U>. During any period in which the Prospectus relating to the Placement Shares is required to be delivered
by the Sales Agent under the Securities Act with respect to a pending sale of the Placement Shares (including in circumstances where
such requirement may be satisfied pursuant to Rule 153 or Rule 172 under the Securities Act), the Company will use its commercially reasonable
efforts to cause the Placement Shares to be listed on the Exchange and to qualify the Placement Shares for sale under the securities
laws of such jurisdictions as the Sales Agent reasonably designates and to continue such qualifications in effect so long as required
for the distribution of the Placement Shares; <I>provided</I>, <I>however</I>, that the Company shall not be required in connection therewith
to qualify as a foreign corporation or dealer in securities or file a general consent to service of process in any jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)
<U>Delivery of Registration Statement and Prospectus</U>. The Company will furnish to the Sales Agent and its counsel (at the expense
of the Company) copies of the Registration Statement, the Prospectus (including all documents incorporated by reference therein) and
all amendments and supplements to the Registration Statement or Prospectus that are filed with the Commission during any period in which
a Prospectus relating to the Placement Shares is required to be delivered under the Securities Act (including all documents filed with
the Commission during such period that are deemed to be incorporated by reference therein), in each case as soon as reasonably practicable
and in such quantities as the Sales Agent may from time to time reasonably request and, at the Sales Agent&rsquo;s request, will also
furnish copies of the Prospectus to each exchange or market on which sales of the Placement Shares may be made; <I>provided</I>, <I>however</I>,
that the Company shall not be required to furnish any document (other than the Prospectus) to the Sales Agent to the extent such document
is available on EDGAR.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)
<U>Earnings Statement</U>. The Company will make generally available to its security holders as soon as practicable, but in any event
not later than 15 months after the end of the Company&rsquo;s current fiscal quarter, an earnings statement of the Company (which need
not be audited) covering a 12-month period that complies with Section 11(a) and Rule 158 of the Securities Act. The terms &ldquo;earnings
statement&rdquo; and &ldquo;make generally available to its security holders&rdquo; shall have the meanings set forth in Rule 158 under
the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)
<U>Expenses</U>. The Company, whether or not the transactions contemplated hereunder are consummated or this Agreement is terminated
in accordance with the provisions of <U>Section 11</U> hereunder, will pay the following expenses all incident to the performance of
its obligations hereunder, including, but not limited to, expenses relating to (i) the preparation, printing and filing of the Registration
Statement and each amendment and supplement thereto, of each Prospectus and of each amendment and supplement thereto, (ii) the preparation,
issuance and delivery of the Placement Shares, including any stock or other transfer taxes and any stamp or other duties payable upon
the sale, issuance or delivery of the Placement Shares to the Sales Agent, (iii) the fees and disbursements of the counsel, accountants
and other advisors to the Company in connection with the transactions contemplated by this Agreement; (iv) the qualification of the Placement
Shares under securities laws in accordance with the provisions of <U>Section 7(d)</U> of this Agreement, including filing fees (<I>provided</I>,
<I>however</I>, that any fees or disbursements of counsel for the Sales Agent in connection therewith shall be paid by the Sales Agent
except as set forth in (ix) below), (v) the printing and delivery to the Sales Agent of copies of the Prospectus and any amendments or
supplements thereto, and of this Agreement, (vi) the fees and expenses incurred in connection with the listing or qualification of the
Placement Shares for trading on the Exchange, (vii) the fees and expenses of the transfer agent or registrar for the Common Stock; (viii)
filing fees and expenses, if any, of the Commission and the FINRA Corporate Financing Department (<I>provided</I>, <I>however</I>, that
any fees or disbursements of counsel for the Sales Agent in connection therewith shall be paid by the Sales Agent except as set forth
in (ix) below) and (ix) the Company shall reimburse the Sales Agent for its reasonable and documented out-of-pocket expenses (including,
but not limited to, the reasonable and documented fees and expenses of counsel for the Sales Agent) in an amount not to exceed $25,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)
<U>Use of Proceeds</U>. The Company will use the Net Proceeds as described in the Prospectus in the section entitled &ldquo;Use of Proceeds.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
<U>Notice of Other Sales</U>. The Company (i) shall provide the Sales Agent notice as promptly as reasonably possible before it offers
to sell, contracts to sell, sells, grants any option to sell or otherwise disposes of any shares of Common Stock (other than Placement
Shares offered pursuant to the provisions of this Agreement) or securities convertible into or exchangeable for Common Stock, or warrants
or any rights to purchase or acquire Common Stock, during the period beginning on the fifth (5<SUP>th</SUP>) Trading Day immediately
prior to the date on which any Placement Notice is delivered to the Sales Agent hereunder and ending on the fifth (5<SUP>th</SUP>) Trading
Day immediately following the final Settlement Date with respect to Placement Shares sold pursuant to such Placement Notice (or, if the
Placement Notice has been terminated or suspended prior to the sale of all Placement Shares covered by a Placement Notice, the fifth
(5<SUP>th</SUP>) Trading Day immediately following the date of such suspension or termination), and (ii) will not directly or indirectly
in any other &ldquo;at-the-market&rdquo; or continuous equity transaction offer to sell, sell, contract to sell, grant any option to
sell or otherwise dispose of any shares of Common Stock (other than the Placement Shares offered pursuant to this Agreement) or securities
convertible into or exchangeable for shares of Common Stock, warrants or any rights to purchase or acquire, shares of Common Stock prior
to the termination of this Agreement; <I>provided</I>, <I>however</I>, that such notice requirements or restrictions, as the case may
be, will not be required in connection with the Company&rsquo;s issuance or sale of (A) shares of Common Stock, options to purchase shares
of Common Stock, other equity awards or shares of Common Stock issuable upon the exercise of options or other equity awards, pursuant
to any employee or director stock option or benefits plan, stock ownership plan or dividend reinvestment plan of the Company whether
now in effect or hereafter implemented, (B) shares of Common Stock issuable upon exchange, conversion or redemption of securities or
the exercise of warrants, options or other rights in effect or outstanding, and disclosed in filings by the Company available on EDGAR
or otherwise in writing (including by email correspondence) to the Sales Agent and (C) shares of Common Stock or securities convertible
into or exchangeable for shares of Common Stock as consideration for mergers, acquisitions, sale or purchase of assets or other business
combinations or strategic transactions occurring after the date of this Agreement which are not issued for capital raising purposes.
Notwithstanding the foregoing, the Company shall provide the Sales Agent notice at least two (2) days prior to pursuing any private or
public offerings of equity and/or other securities (including debt securities) in one or more transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)
<U>Change of Circumstances</U>. The Company will, at any time during a fiscal quarter in which the Company intends to tender a Placement
Notice or sell Placement Shares, advise the Sales Agent promptly after it shall have received notice or obtained knowledge thereof, of
any information or fact that would alter or affect in any material respect any opinion, certificate, letter or other document provided
to the Sales Agent pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)
<U>Due Diligence Cooperation</U>. The Company will cooperate with any reasonable due diligence review conducted by the Sales Agent or
its agents in connection with the transactions contemplated hereby, including, without limitation, providing information and making available
documents and senior corporate officers, during regular business hours and at the Company&rsquo;s principal offices, as the Sales Agent
may reasonably request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)
<U>Required Filings Relating to Placement of Placement Shares</U>. The Company shall set forth in each Annual Report on Form 10-K and
Quarterly Report on Form 10-Q filed by the Company with the Commission in respect of any quarter in which sales of Placement Shares were
made by or through the Sales Agent under this Agreement, with regard to the relevant period, the amount of Placement Shares sold to or
through the Sales Agent, the Net Proceeds to the Company and the compensation payable by the Company to the Sales Agent with respect
to such sales of Placement Shares. To the extent that the filing of a prospectus supplement with the Commission with respect to any sales
of Placement Shares becomes required under Rule 424(b) under the Securities Act, the Company agrees that, on or before such dates as
the Securities Act shall require, the Company will (i) file a prospectus supplement with the Commission under the applicable paragraph
of Rule 424(b) under the Securities Act, which prospectus supplement will set forth, with regard to the relevant period, the amount of
Placement Shares sold to or through the Sales Agent, the Net Proceeds to the Company and the compensation payable by the Company to the
Sales Agent with respect to such Placement Shares, and (ii) deliver such number of copies of each such prospectus supplement to each
exchange or market on which such sales were effected as may be required by the rules or regulations of such exchange or market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)
<U>Representation Dates; Certificate</U>. On or prior to the date the first Placement Notice is given hereunder and each time the Company
(i) files the Prospectus relating to the Placement Shares or amends or supplements the Registration Statement or the Prospectus relating
to the Placement Shares (other than (A) a prospectus supplement filed in accordance with <U>Section 7(l)</U> of this Agreement or (B)
a supplement or amendment that relates to an offering of securities other than the Placement Shares) by means of a post-effective amendment,
sticker, or supplement but not by means of incorporation of document(s) by reference to the Registration Statement or the Prospectus
relating to the Placement Shares; (ii) files an annual report on Form 10-K under the Exchange Act (including any Form 10-K/A containing
amended financial information or a material amendment to the previously filed Form 10-K); (iii) files a quarterly report on Form 10-Q
under the Exchange Act; or (iv) files a current report on Form 8-K containing amended financial information (other than an earnings release,
to &ldquo;furnish&rdquo; information pursuant to Items 2.02 or 7.01 of Form 8-K or to provide disclosure pursuant to Item 8.01 of Form
8-K relating to the reclassification of certain properties as discontinued operations in accordance with Statement of Financial Accounting
Standards No. 144) under the Exchange Act (each date of filing of one or more of the documents referred to in clauses (i) through (iv)
shall be a &ldquo;<B><U>Representation Date</U></B>&rdquo;), the Company shall furnish the Sales Agent within three (3) Trading Days
after each Representation Date with a certificate, in the form attached hereto as <U>Exhibit 7(m)</U>. The requirement to provide a certificate
under this <U>Section 7(m)</U> shall be waived for any Representation Date occurring at a time at which no Placement Notice is pending,
which waiver shall continue until the earlier to occur of the date the Company delivers a Placement Notice hereunder (which for such
calendar quarter shall be considered a Representation Date) and the next occurring Representation Date; <I>provided</I>, <I>however</I>,
that such waiver shall not apply for any Representation Date on which the Company files its annual report on Form 10-K. Notwithstanding
the foregoing, if the Company subsequently decides to sell Placement Shares following a Representation Date when the Company relied on
such waiver and did not provide the Sales Agent with a certificate under this <U>Section 7(m)</U>, then before the Company delivers the
Placement Notice or the Sales Agent sells any Placement Shares, the Company shall provide the Sales Agent with a certificate, in the
form attached hereto as <U>Exhibit 7(m)</U>, dated the date of the Placement Notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)
<U>Legal Opinion</U>. On or prior to the date the first Placement Notice is given hereunder, the Company shall cause to be furnished
to the Sales Agent the written opinion and negative assurance of (i) Sichenzia Ross Ference LLP, as counsel to the Company (&ldquo;<B><U>Company
Counsel</U></B>&rdquo;) and (ii) Venable LLP (&ldquo;<B><U>Venable</U></B>&rdquo;), substantially in the form previously agreed between
the Company and the Sales Agent. Thereafter, within three (3) Trading Days after each Representation Date with respect to which the Company
is obligated to deliver a certificate pursuant to <U>Section 7(m)</U> for which no waiver is applicable pursuant to <U>Section 7(m)</U>,
and not more than once per calendar quarter, the Company shall cause to be furnished to the Sales Agent the written opinions and negative
assurances of Company Counsel and Venable substantially in the form previously agreed between the Company and the Sales Agent, modified,
as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; <I>provided</I>, <I>however</I>,
that if Company Counsel or Venable has previously furnished to the Sales Agent such written opinion and negative assurance, in substantially
the form previously agreed between the Company and the Sales Agent, then Company Counsel and Venable may, in respect of any future Representation
Date, furnish the Sales Agent with a letter signed by such counsel (a &ldquo;<B><U>Reliance Letter</U></B>&rdquo;) in lieu of such opinion
and negative assurance of such counsel to the effect that the Sales Agent may rely on the prior opinion and negative assurance of such
counsel delivered pursuant to this <U>Section 7(n)</U> to the same extent as if it were dated the date of such Reliance Letter (except
that statements in such prior opinion and negative assurance shall be deemed to relate to the Registration Statement and the Prospectus
as amended or supplemented to the date of such Reliance Letter).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)
<U>Comfort Letter</U>. On or prior to the date the first Placement Notice is given hereunder and within three (3) Trading Days after
each subsequent Representation Date with respect to which the Company is obligated to deliver a certificate pursuant to Section 7(m)
for which no waiver is applicable pursuant to Section 7(m), other than a Representation Date under <U>Section 7(m)(iii) </U>or <U>Section
7(m)(iv)</U> unless with respect to a Representation Date under <U>Section 7(m)(iv)</U> the Sales Agent reasonably requests delivery
thereof, the Company shall cause its independent accountants to furnish the Sales Agent letters (the &ldquo;<B><U>Comfort Letters</U></B>&rdquo;),
dated the date that the Comfort Letter is delivered, in form and substance satisfactory to the Sales Agent, (i) confirming that they
are an independent registered public accounting firm within the meaning of the Securities Act, the Exchange Act and the rules and regulations
of the PCAOB and are in compliance with the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation
S-X of the Commission, (ii) stating, as of such date, the conclusions and findings of such firm with respect to the financial information
and other matters ordinarily covered by accountants&rsquo; &ldquo;comfort letters&rdquo; to the Sales Agent in connection with registered
public offerings (the first such letter, the &ldquo;<B><U>Initial Comfort Letter</U></B>&rdquo;) and (iii) updating the Initial Comfort
Letter with any information that would have been included in the Initial Comfort Letter had it been given on such date and modified as
necessary to relate to the Registration Statement and the Prospectus, as amended and supplemented to the date of such letter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)
<U>Market Activities</U>. The Company will not, directly or indirectly, (i) take any action designed to cause or result in, or that constitutes
or might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company to facilitate
the sale or resale of the Common Stock or (ii) sell, bid for, or purchase shares of Common Stock in violation of Regulation M, or pay
anyone any compensation for soliciting purchases of the Placement Shares other than the Sales Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)
<U>Insurance</U>. The Company shall maintain insurance in such amounts and covering such risks as is reasonable and customary for the
business in which it is engaged.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)
<U>Investment Company Act</U>. The Company will conduct its affairs in such a manner so as to reasonably ensure that it is not and, after
giving effect to the offering and sale of the Placement Shares and the application of proceeds therefrom as described in the Prospectus,
will not be, an &ldquo;investment company&rdquo; within the meaning of such term under the Investment Company Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)
<U>Securities Act and Exchange Act</U>. The Company will use its reasonable best efforts to comply with all requirements imposed upon
it by the Securities Act and the Exchange Act as from time to time in force, so far as necessary to permit the continuance of sales of,
or dealings in, the Placement Shares as contemplated by the provisions hereof and the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)
<U>No Offer to Sell</U>. Other than the Prospectus and an Issuer Free Writing Prospectus approved in advance by the Company and the Sales
Agent in its capacity as principal or agent hereunder, neither the Sales Agent nor the Company (including its agents and representatives,
other than the Sales Agent in its capacity as such) will make, use, prepare, authorize, approve or refer to any written communication
(as defined in Rule 405 under the Securities Act), required to be filed with the Commission, that constitutes an offer to sell or solicitation
of an offer to buy Placement Shares hereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)
<U>Sarbanes-Oxley Act</U>. The Company will use its reasonable best efforts to comply with all effective applicable provisions of the
Sarbanes-Oxley Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)
<U>Transfer Agent</U>. The Company shall maintain, at its sole expense, a registrar and transfer agent for the Common Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.
<U>Conditions to the Sales Agent&rsquo;s Obligations</U>. The obligations of the Sales Agent hereunder with respect to a Placement will
be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance
by the Company of its obligations hereunder, to the completion by the Sales Agent of a due diligence review satisfactory to the Sales
Agent in its reasonable judgment, and to the continuing satisfaction (or waiver by the Sales Agent in its sole discretion) of the following
additional conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
<U>Registration Statement Effective</U>. The Registration Statement shall be effective and shall be available for the sale of all Placement
Shares contemplated to be issued by any Placement Notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
<U>Securities Act Filings Made</U>. The Company shall have filed with the Commission the ATM Prospectus pursuant to Rule 424(b) under
the Securities Act not later than the Commission&rsquo;s close of business on the second Business Day following the date of this Agreement.
All other filings with the Commission required by Rule 424(b) or Rule 433 under the Securities Act to have been filed prior to the issuance
of any Placement Notice hereunder shall have been made within the applicable time period prescribed for such filing by Rule 424(b) (without
reliance on Rule 424(b)(8) of the Securities Act) or Rule 433, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
<U>No Material Notices</U>. None of the following events shall have occurred and be continuing: (i) receipt by the Company of any request
for additional information from the Commission or any other federal or state governmental authority during the period of effectiveness
of the Registration Statement, the response to which would require any post-effective amendments or supplements to the Registration Statement
or the Prospectus; (ii) the issuance by the Commission or any other federal or state governmental authority of any stop order suspending
the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; (iii) receipt by the Company of
any notification with respect to the suspension of the qualification or exemption from qualification of any of the Placement Shares for
sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; (iv) the occurrence of any event that makes
any material statement made in the Registration Statement or the Prospectus or any material document incorporated or deemed to be incorporated
therein by reference untrue in any material respect or that requires the making of any changes in the Registration Statement, related
Prospectus or such documents so that, in the case of the Registration Statement, it will not contain any materially untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading
and, that in the case of the Prospectus, it will not contain any materially untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which
they were made, not misleading.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
<U>No Misstatement or Material Omission</U>. The Sales Agent shall not have advised the Company that the Registration Statement or Prospectus,
or any amendment or supplement thereto, contains an untrue statement of fact that in the Sales Agent&rsquo;s reasonable opinion is material,
or omits to state a fact that in the Sales Agent&rsquo;s reasonable opinion is material and is required to be stated therein or is necessary
to make the statements therein not misleading.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)
<U>Material Changes</U>. Except as contemplated in the Prospectus, or disclosed in the Company&rsquo;s reports filed with the Commission,
there shall not have been any material adverse change in the authorized capital stock of the Company or any Material Adverse Change or
any development that could reasonably be expected to result in a Material Adverse Change, the effect of which, in the case of any such
action by a rating organization described above, in the reasonable judgment of the Sales Agent (without relieving the Company of any
obligation or liability it may otherwise have), is so material as to make it impracticable or inadvisable to proceed with the offering
of the Placement Shares on the terms and in the manner contemplated by this Agreement and the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)
<U>Representation Certificate</U>. The Sales Agent shall have received the certificate required to be delivered pursuant to <U>Section
7(m)</U> on or before the date on which delivery of such certificate is required pursuant to <U>Section 7(m)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)
<U>Legal Opinion</U>. The Sales Agent shall have received the opinions and negative assurances of Company Counsel and Venable required
to be delivered pursuant <U>Section 7(n)</U> on or before the date on which such delivery of such opinions and negative assurances are
required pursuant to <U>Section 7(n)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)
<U>Comfort Letter</U>. The Sales Agent shall have received the Comfort Letter required to be delivered pursuant <U>Section 7(o)</U> on
or before the date on which such delivery of such Comfort Letter is required pursuant to <U>Section 7(o)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
<U>Secretary&rsquo;s Certificate</U>. On or prior to the date the first Placement Notice is given hereunder and on each subsequent Representation
Date, the Sales Agent shall have received a certificate, signed on behalf of the Company by its Secretary, certifying as to (i) the charter
of the Company (as the same may be amended or restated from time to time), (ii) the bylaws of the Company (as the same may be amended
or restated from time to time), (iii) the resolutions of the Board of Directors of the Company (or a committee thereof) authorizing the
execution, delivery and performance of this Agreement and the issuance of the Placement Shares and (iv) the incumbency of the officers
duly authorized to execute this Agreement and the other documents contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)
<U>Officers&rsquo; Certificate</U>. On or prior to the date the first Placement Notice is given hereunder and on each subsequent Representation
Date, the Sales Agent shall have received a certificate, signed on behalf of the Company by its Chief Executive Officer and Chief Financial
Officer, to the effect that the signers of such certificate have carefully examined the Registration Statement and the Prospectus and
any documents incorporated by reference therein and any supplements or amendments thereto and this Agreement and that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
the representations and warranties of the Company in this Agreement are true and correct on and as of such date with the same effect
as if made on such date and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed
or satisfied at or prior to such date;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)
no stop order suspending the effectiveness of the Registration Statement or any notice objecting to its use has been issued and no proceedings
for that purpose have been instituted or, to the Company&rsquo;s knowledge, threatened; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)
since the date of the most recent financial statements included in the Registration Statement, the Prospectus and the documents incorporated
by reference therein, there has been no Material Adverse Change on the condition (financial or otherwise), earnings, business or properties
of the Company and its Subsidiaries, taken as a whole, whether or not arising from transactions in the ordinary course of business, except
as set forth in or contemplated in the Registration Statement and the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)
<U>Intentionally Omitted</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)
<U>No Suspension</U>. Trading in the Common Stock shall not have been suspended on the Exchange and the Common Stock shall not have been
delisted from the Exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)
<U>Other Materials</U>. On each date on which the Company is required to deliver a certificate pursuant to <U>Section 7(m)</U>, the Company
shall have furnished to the Sales Agent such appropriate further opinions, certificates, letters and documents as the Sales Agent may
have reasonably requested. All such opinions, certificates, letters and other documents shall have been in compliance with the provisions
hereof. The Company will furnish the Sales Agent with such conformed copies of such opinions, certificates, letters and other documents
as the Sales Agent shall have reasonably requested.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)
<U>Approval for Listing</U>. The Company shall have filed an application for listing of the Placement Shares on the Exchange at, or prior
to, the issuance of any Placement Notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)
<U>No Termination Event</U>. There shall not have occurred any event that would permit the Sales Agent to terminate this Agreement pursuant
to <U>Section 11(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.
<U>Indemnification and Contribution</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
<U>Company Indemnification</U>. The Company agrees to indemnify and hold harmless the Sales Agent, the directors, officers, members,
partners, employees and agents of the Sales Agent each broker dealer affiliate of the Sales Agent, and each the Sales Agent Affiliate,
if any, from and against any and all losses, claims, liabilities, expenses and damages (including, but not limited to, any and all reasonable
investigative, legal and other expenses incurred in connection with, and any and all amounts paid in settlement (in accordance with <U>Section
9(c)</U>) of, any action, suit or proceeding between any of the indemnified parties and any indemnifying parties or between any indemnified
party and any third party, or otherwise, or any claim asserted), as and when incurred, to which the Sales Agent, or any such person,
may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, liabilities, expenses or damages arise out of or are based, directly or indirectly, on (x)
any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or the Prospectus or any
amendment or supplement thereto or in any Issuer Free Writing Prospectus or in any application or other document executed by or on behalf
of the Company or based on written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify
the Common Stock under the securities laws thereof or filed with the Commission, (y) the omission or alleged omission to state in any
such document a material fact required to be stated in it or necessary to make the statements in it not misleading or (z) any breach
by any of the indemnifying parties of any of their respective representations, warranties and agreements contained in this Agreement;
<I>provided, however</I>, that this indemnity agreement shall not apply to the extent that such loss, claim, liability, expense or damage
arises from the sale of the Placement Shares pursuant to this Agreement and is caused directly by an untrue statement or omission made
in reliance upon and in strict conformity with written information relating to the Sales Agent and furnished to the Company by the Sales
Agent expressly for inclusion in any document as described in clause (x) of this <U>Section 9(a)</U>. This indemnity agreement will be
in addition to any liability that the Company might otherwise have.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
<U>The Sales Agent Indemnification</U>. The Sales Agent agrees to indemnify and hold harmless the Company and its directors and each
officer of the Company that signed the Registration Statement, and each person, if any, who (i) controls the Company within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act or (ii) is controlled by or is under common control with the Company
(each, a &ldquo;<B><U>Company Affiliate</U></B>&rdquo;) from and against any and all losses, claims, liabilities, expenses and damages
(including, but not limited to, any and all reasonable investigative, legal and other expenses incurred in connection with, and any and
all amounts paid in settlement (in accordance with <U>Section 9(c)</U>) of, any action, suit or proceeding between any of the indemnified
parties and any indemnifying parties or between any indemnified party and any third party, or otherwise, or any claim asserted), as and
when incurred, to which any such Company Affiliate, may become subject under the Securities Act, the Exchange Act or other federal or
state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, liabilities, expenses or damages arise
out of or are based, directly or indirectly, on (x) any untrue statement or alleged untrue statement of a material fact contained in
the Registration Statement or the Prospectus or any amendment or supplement thereto, or (y) the omission or alleged omission to state
in any such document a material fact required to be stated in it or necessary to make the statements in it not misleading; <I>provided</I>,
<I>however</I>, that this indemnity agreement shall apply only to the extent that such loss, claim, liability, expense or damage is caused
directly by an untrue statement or omission made in reliance upon and in strict conformity with written information relating to the Sales
Agent and furnished to the Company by the Sales Agent expressly for inclusion in any document as described in clause (x) of this <U>Section
9(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
<U>Procedure</U>. Any party that proposes to assert the right to be indemnified under this <U>Section 9</U> will, promptly after receipt
of notice of commencement of any action against such party in respect of which a claim is to be made against an indemnifying party or
parties under this <U>Section 9</U>, notify each such indemnifying party of the commencement of such action, enclosing a copy of all
papers served, but the omission so to notify such indemnifying party will not relieve the indemnifying party from (i) any liability that
it might have to any indemnified party otherwise than under this <U>Section 9</U> and (ii) any liability that it may have to any indemnified
party under the foregoing provision of this <U>Section 9</U> unless, and only to the extent that, such omission results in the forfeiture
of substantive rights or defenses by the indemnifying party. If any such action is brought against any indemnified party and it notifies
the indemnifying party of its commencement, the indemnifying party will be entitled to participate in and, to the extent that it elects
by delivering written notice to the indemnified party promptly after receiving notice of the commencement of the action from the indemnified
party, jointly with any other indemnifying party similarly notified, to assume the defense of the action, with counsel reasonably satisfactory
to the indemnified party, and after notice from the indemnifying party to the indemnified party of its election to assume the defense,
the indemnifying party will not be liable to the indemnified party for any legal or other expenses except as provided below and except
for the reasonable costs of investigation subsequently incurred by the indemnified party in connection with the defense. The indemnified
party will have the right to employ its own counsel in any such action, but the fees, expenses and other charges of such counsel will
be at the expense of such indemnified party unless (1) the employment of counsel by the indemnified party has been authorized in writing
by the indemnifying party, (2) the indemnified party has reasonably concluded (based on advice of counsel) that there may be legal defenses
available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, (3)
a conflict or potential conflict exists (based on advice of counsel to the indemnified party) between the indemnified party and the indemnifying
party (in which case the indemnifying party will not have the right to direct the defense of such action on behalf of the indemnified
party) or (4) the indemnifying party has not in fact employed counsel to assume the defense of such action within a reasonable time after
receiving notice of the commencement of the action, in each of which cases the reasonable fees, disbursements and other charges of counsel
will be at the expense of the indemnifying party or parties. It is understood that the indemnifying party or parties shall not, in connection
with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements and other charges
of more than one separate firm admitted to practice in such jurisdiction at any one time for all such indemnified party or parties. All
such fees, disbursements and other charges will be reimbursed by the indemnifying party promptly as they are incurred. An indemnifying
party will not, in any event, be liable for any settlement of any action or claim effected without its written consent. No indemnifying
party shall, without the prior written consent of each indemnified party, settle or compromise or consent to the entry of any judgment
in any pending or threatened claim, action or proceeding relating to the matters contemplated by this <U>Section 9</U> (whether or not
any indemnified party is a party thereto), unless such settlement, compromise or consent includes an unconditional release of each indemnified
party from all liability arising or that may arise out of such claim, action or proceeding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
<U>Contribution</U>. In order to provide for just and equitable contribution in circumstances in which the indemnification provided for
in the foregoing paragraphs of this <U>Section 9</U> is applicable in accordance with its terms but for any reason is held to be unavailable
from the Company or the Sales Agent, the Company and the Sales Agent will contribute to the total losses, claims, liabilities, expenses
and damages (including any investigative, legal and other expenses reasonably incurred in connection with, and any amount paid in settlement
of, any action, suit or proceeding or any claim asserted, but after deducting any contribution received by the Company from persons other
than the Sales Agent, such as persons who control the Company within the meaning of the Securities Act, officers of the Company who signed
the Registration Statement and directors of the Company, who also may be liable for contribution) to which the Company and the Sales
Agent may be subject in such proportion as shall be appropriate to reflect the relative benefits received by the Company on the one hand
and the Sales Agent on the other. The relative benefits received by the Company on the one hand and the Sales Agent on the other hand
shall be deemed to be in the same proportion as the total Net Proceeds from the sale of the Placement Shares (before deducting expenses)
received by the Company bear to the total compensation received by the Sales Agent from the sale of Placement Shares on behalf of the
Company. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable law, the allocation of contribution
shall be made in such proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but
also the relative fault of the Company, on the one hand, and the Sales Agent, on the other, with respect to the statements or omission
that resulted in such loss, claim, liability, expense or damage, or action in respect thereof, as well as any other relevant equitable
considerations with respect to such offering. Such relative fault shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information
supplied by the Company or the Sales Agent, the intent of the parties and their relative knowledge, access to information and opportunity
to correct or prevent such statement or omission. The Company and the Sales Agent agree that it would not be just and equitable if contributions
pursuant to this <U>Section 9(d)</U> were to be determined by pro rata allocation or by any other method of allocation that does not
take into account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of
the loss, claim, liability, expense, or damage, or action in respect thereof, referred to above in this <U>Section 9(d) </U>shall be
deemed to include, for the purpose of this <U>Section 9(d)</U>, any legal or other expenses reasonably incurred by such indemnified party
in connection with investigating or defending any such action or claim to the extent consistent with <U>Section 9(c)</U> hereof. Notwithstanding
the foregoing provisions of this <U>Section 9(d)</U>, the Sales Agent shall not be required to contribute any amount in excess of the
commissions received by it under this Agreement and no person found guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) will be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
For purposes of this <U>Section 9(d)</U>, any person who controls a party to this Agreement within the meaning of the Securities Act
will have the same rights to contribution as that party (and any officers, directors, members, partners, employees or agents of the Sales
Agent and each broker dealer affiliate of the Sales Agent will have the same rights to contribution as the Sales Agent), and each officer
of the Company who signed the Registration Statement and each director of the Company will have the same rights to contribution as the
Company, subject in each case to the provisions hereof. Any party entitled to contribution, promptly after receipt of notice of commencement
of any action against such party in respect of which a claim for contribution may be made under this <U>Section 9(d)</U>, will notify
any such party or parties from whom contribution may be sought, but the omission to so notify will not relieve that party or parties
from whom contribution may be sought from any other obligation it or they may have under this <U>Section 9(d)</U> except to the extent
that the failure to so notify such other party materially prejudiced the substantive rights or defenses of the party from whom contribution
is sought. Except for a settlement entered into pursuant to the last sentence of <U>Section 9(c)</U> hereof, no party will be liable
for contribution with respect to any action or claim settled without its written consent if such consent is required pursuant to <U>Section
9(c)</U> hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.
<U>Representations and Agreements to Survive Delivery</U>. The indemnity and contribution agreements contained in <U>Section 9</U> of
this Agreement and all representations and warranties of the Company herein or in certificates delivered pursuant hereto shall survive,
as of their respective dates, regardless of (i) any investigation made by or on behalf of the Sales Agent, any controlling person of
the Sales Agent, or the Company (or any of their respective officers, directors, members or controlling persons), (ii) delivery and acceptance
of the Placement Shares and payment therefor or (iii) any termination of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.
<U>Termination</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
The Sales Agent shall have the right by giving notice as hereinafter specified at any time to terminate this Agreement if (i) any Material
Adverse Change, or any development that could reasonably be expected to result in a Material Adverse Change has occurred that, in the
reasonable judgment of the Sales Agent, may materially impair the ability of the Sales Agent to sell the Placement Shares hereunder,
(ii) the Company shall have failed, refused or been unable to perform any agreement on its part to be performed hereunder; <I>provided</I>,
<I>however</I>, in the case of any failure of the Company to deliver (or cause another person to deliver) any certification, opinion,
or letter required under <U>Sections 7(m)</U>, <U>7(n)</U>, <U>7(o)</U> or <U>8(i)</U>, the Sales Agent&rsquo;s right to terminate shall
not arise unless such failure to deliver (or cause to be delivered) continues for more than thirty (30) days from the date such delivery
was required, (iii) any other condition of the Sales Agent&rsquo;s obligations hereunder is not fulfilled, or (iv) any suspension or
limitation of trading in the Placement Shares or in securities generally on the Exchange shall have occurred (including automatic halt
in trading pursuant to market-decline triggers, other than those in which solely program trading is temporarily halted), or a major disruption
of securities settlements or clearing services in the United States shall have occurred, or minimum prices for trading have been fixed
on the Exchange. Any such termination shall be without liability of any party to any other party except that the provisions of <U>Section
7(g)</U> (Expenses), <U>Section 9</U> (Indemnification and Contribution), <U>Section 10</U> (Representations and Agreements to Survive
Delivery), <U>Section 11(f)</U>, <U>Section 16</U> (Applicable Law; Consent to Jurisdiction) and <U>Section 17</U> (Waiver of Jury Trial)
hereof shall remain in full force and effect notwithstanding such termination. If the Sales Agent elects to terminate this Agreement
as provided in this <U>Section 11(a)</U>, the Sales Agent shall provide the required notice as specified in <U>Section 12</U> (Notices).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
The Company shall have the right, by giving five (5) days&rsquo; notice as hereinafter specified in <U>Section 12</U>, to terminate this
Agreement in its sole discretion at any time after the date of this Agreement. Any such termination shall be without liability of any
party to any other party except that the provisions of <U>Section 7(g)</U>, <U>Section 9</U>, <U>Section 10</U>, <U>Section 11(f)</U>,
<U>Section 16</U> and <U>Section 17</U> hereof shall remain in full force and effect notwithstanding such termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
The Sales Agent shall have the right, by giving thirty (30) days&rsquo; notice as hereinafter specified in <U>Section 12</U>, to terminate
this Agreement in its sole discretion at any time after the date of this Agreement. Any such termination shall be without liability of
any party to any other party except that the provisions of <U>Section 7(g)</U>, <U>Section 9</U>, <U>Section 10</U>, <U>Section 11(f)</U>,
<U>Section 16</U> and <U>Section 17</U> hereof shall remain in full force and effect notwithstanding such termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
Unless earlier terminated pursuant to this <U>Section 11</U>, this Agreement shall automatically terminate upon the earlier to occur
of (i) issuance and sale of all of the Placement Shares to or through the Sales Agent on the terms and subject to the conditions set
forth herein and (ii) the expiration of the Registration Statement on the third (3<SUP>rd</SUP>) anniversary of the initial effective
date of the Registration Statement pursuant to Rule 415(a)(5) under the Securities Act; <I>provided</I> that the provisions of <U>Section
7(g)</U>, <U>Section 9</U>, <U>Section 10</U>, <U>Section 11(f)</U>, <U>Section 16</U> and <U>Section 17</U> hereof shall remain in full
force and effect notwithstanding such termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)
This Agreement shall remain in full force and effect unless terminated pursuant to <U>Sections 11(a)</U>, <U>(b)</U>, <U>(c)</U> or <U>(d)
</U>above or otherwise by mutual agreement of the parties; <I>provided</I>, <I>however</I>, that any such termination by mutual agreement
shall in all cases be deemed to provide that <U>Section 7(g)</U>, <U>Section 9</U>, <U>Section 10</U>, <U>Section 11(f)</U>, <U>Section
16</U> and <U>Section 17</U> shall remain in full force and effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)
Any termination of this Agreement shall be effective on the date specified in such notice of termination; <I>provided</I>, <I>however</I>,
that such termination shall not be effective until the close of business on the date of receipt of such notice by the Sales Agent or
the Company, as the case may be. If such termination shall occur prior to the Settlement Date for any sale of Placement Shares, such
termination shall not become effective until the close of business on such Settlement Date and such Placement Shares shall settle in
accordance with the provisions of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.
<U>Notices</U>. All notices or other communications required or permitted to be given by any party to any other party pursuant to the
terms of this Agreement shall be in writing, unless otherwise specified, and if sent to the Sales Agent, shall be delivered to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Benchmark Company, LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150
East 58<SUP>th</SUP> Street, 17<SUP>th</SUP> Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10155</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:
Richard Messina</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:
rmessina@benchmarkcompany.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">with
a copy (which shall not constitute notice) to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sheppard
Mullin Richter &amp; Hampton LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30
Rockefeller Plaza</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, New York 10112<BR>
Attention: Richard A. Friedman, Esq.<BR>
Facsimile: (212) 653-8701</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and
if to the Company, shall be delivered to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
Property Trust, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4995
Murphy Canyon Road, Suite 300</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">San
Diego, CA 92123</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:
Jack Heilbron<BR>
Email: JHeilbron@presidiopt.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">with
a copy (which shall not constitute notice) to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sichenzia
Ross Ference LLP<BR>
1185 Avenue of the Americas, 31<SUP>st</SUP> Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10036</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:
Avital Perlman, Esq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Facsimile:
212 930 9725</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
party may change such address for notices by sending to the other party to this Agreement written notice of a new address for such purpose.
Each such notice or other communication shall be deemed given (i) when delivered personally or by verifiable facsimile transmission (with
an original to follow) on or before 4:30 p.m., New York City time, on a Business Day or, if such day is not a Business Day, on the next
succeeding Business Day, (ii) on the next Business Day after timely delivery to a nationally-recognized overnight courier and (iii) on
the Business Day actually received if deposited in the U.S. mail (certified or registered mail, return receipt requested, postage prepaid).
For purposes of this Agreement, &ldquo;<B><U>Business Day</U></B>&rdquo; shall mean any day other than Saturday, Sunday or other day
on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification,
commercial banks shall not be deemed to be authorized or required by law to remain closed due to &ldquo;stay at home&rdquo;, &ldquo;shelter-in-place&rdquo;,
&ldquo;non-essential employee&rdquo; or any other similar orders or restrictions or the closure of any physical branch locations at the
direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial
banks in The City of New York generally are open for use by customers on such day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">An
electronic communication (&ldquo;<B><U>Electronic Notice</U></B>&rdquo;) shall be deemed written notice for purposes of this <U>Section
12</U> if sent to the electronic mail address specified by the receiving party under separate cover. Electronic Notice shall be deemed
received at the time the party sending Electronic Notice receives confirmation of receipt by the receiving party (other than pursuant
to auto-reply). Any party receiving Electronic Notice may request and shall be entitled to receive the notice on paper, in a nonelectronic
form (&ldquo;<B><U>Nonelectronic Notice</U></B>&rdquo;) which shall be sent to the requesting party within ten (10) days of receipt of
the written request for Nonelectronic Notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.
<U>Successors and Assigns</U>. This Agreement shall inure to the benefit of and be binding upon the Company and the Sales Agent and their
respective successors and permitted assigns and, as to <U>Sections 5(b)</U> and <U>9</U>, the other indemnified parties specified therein.
References to any of the parties contained in this Agreement shall be deemed to include the successors and permitted assigns of such
party. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights, remedies, obligations or
liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. Neither party may assign its rights
or obligations under this Agreement without the prior written consent of the other party; <I>provided</I>, <I>however</I>, that the Sales
Agent may assign its rights and obligations hereunder to an affiliate of the Sales Agent without obtaining the Company&rsquo;s consent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.
<U>Adjustments for Share Splits</U>. The parties acknowledge and agree that all share-related numbers contained in this Agreement shall
be adjusted to take into account any share split, share dividend or similar event effected with respect to the Common Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.
<U>Entire Agreement; Amendment; Severability</U>. This Agreement (including all schedules and exhibits attached hereto and Placement
Notices issued pursuant hereto) and any other writing entered into by the parties relating to this Agreement constitutes the entire agreement
and supersedes all other prior and contemporaneous agreements and undertakings, both written and oral, among the parties hereto with
regard to the subject matter hereof. Neither this Agreement nor any term hereof may be amended except pursuant to a written instrument
executed by the Company and the Sales Agent. In the event that any one or more of the provisions contained herein, or the application
thereof in any circumstance, is held invalid, illegal or unenforceable as written by a court of competent jurisdiction, then such provision
shall be given full force and effect to the fullest possible extent that it is valid, legal and enforceable, and the remainder of the
terms and provisions herein shall be construed as if such invalid, illegal or unenforceable term or provision was not contained herein,
but only to the extent that giving effect to such provision and the remainder of the terms and provisions hereof shall be in accordance
with the intent of the parties as reflected in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.
<U>Applicable Law; Consent to Jurisdiction</U>. This Agreement shall be governed by, and construed in accordance with, the internal laws
of the State of New York, without regard to the principles of conflicts of laws. Each party hereby irrevocably submits to the non-exclusive
jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan, for the adjudication of any dispute
hereunder or in connection with any transaction contemplated hereby, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding
is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives
personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof (certified
or registered mail, return receipt requested) to such party at the address in effect for notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.
<U>Waiver of Jury Trial</U>. The Company and the Sales Agent each hereby irrevocably waives any right it may have to a trial by jury
in respect of any claim based upon or arising out of this Agreement or any transaction contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.
<U>Absence of Fiduciary Relationship</U>. The Company acknowledges and agrees that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
the Sales Agent is acting solely as agent in connection with the sale of the Placement Shares contemplated by this Agreement and the
process leading to such transactions, and no fiduciary or advisory relationship between the Company or any of its respective affiliates,
stockholders (or other equity holders), creditors or employees or any other party, on the one hand, and the Sales Agent, on the other
hand, has been or will be created in respect of any of the transactions contemplated by this Agreement, irrespective of whether the Sales
Agent has advised or is advising the Company on other matters, and the Sales Agent has no obligation to the Company with respect to the
transactions contemplated by this Agreement, except the obligations expressly set forth in this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
the Company is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions
contemplated by this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
the Sales Agent has not provided any legal, accounting, regulatory or tax advice with respect to the transactions contemplated by this
Agreement, and the Company has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
the Company has been advised and is aware that the Sales Agent and its affiliates are engaged in a broad range of transactions which
may involve interests that differ from those of the Company and that the Sales Agent has no obligation to disclose such interests and
transactions to the Company by virtue of any fiduciary, advisory or agency relationship; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)
the Company waives, to the fullest extent permitted by law, any claims it may have against the Sales Agent, for breach of fiduciary duty
or alleged breach of fiduciary duty and agrees that the Sales Agent shall have no liability (whether direct or indirect, in contract,
tort or otherwise) to the Company in respect of such a fiduciary claim or to any person asserting a fiduciary duty claim on behalf of
or in right of the Company, including stockholders, partners, employees or creditors of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.
<U>Use of Information</U>. The Sales Agent may not provide any information gained in connection with this Agreement and the transactions
contemplated by this Agreement, including due diligence, to any third party other than its legal counsel advising it on this Agreement
unless expressly approved by the Company in writing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.
<U>Counterparts</U>. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Delivery of an executed Agreement by one party to the other may be made
by facsimile transmission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.
<U>Effect of Headings; Knowledge of the Company</U>. The section and Exhibit headings herein are for convenience only and shall not affect
the construction hereof. All references in this Agreement to the &ldquo;knowledge of the Company&rdquo; or the &ldquo;Company&rsquo;s
knowledge&rdquo; or similar qualifiers shall mean the actual knowledge of the directors and officers of the Company, after due inquiry.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.
<U>Definitions</U>. As used in this Agreement, the following term has the meaning set forth below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
&ldquo;<I>Applicable Time</I>&rdquo; means the date of this Agreement, each Representation Date, each date on which a Placement Notice
is given, each Point of Sale, and each Settlement Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>[Remainder
of Page Intentionally Blank]</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the foregoing correctly sets forth the understanding between the Company and the Sales Agent, please so indicate in the space provided
below for that purpose, whereupon this letter shall constitute a binding agreement between the Company and the Sales Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very
    truly yours,</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PRESIDIO
    PROPERTY TRUST, INC.</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><I>/s/ Adam Sragovicz</I></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adam
    Sragovicz</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ACCEPTED
    as of the date first-above written:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE
    BENCHMARK COMPANY, LLC</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
    John J. Borer III</I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John
    J. Borer III</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">Senior
                                            Managing Director, Head of Investment Banking</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 27; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>SCHEDULE
1</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Form
of Placement Notice</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Presidio
    Property Trust, Inc.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Benchmark Company, LLC</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:
    [&#9679;]</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Placement
    Notice</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;],
    202[&#9679;]</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the terms and subject to the conditions contained in the Sales Agreement (the &ldquo;<B><U>Sales Agreement</U></B>&rdquo;) between
Presidio Property Trust, Inc., a Maryland corporation (the &ldquo;<B><U>Company</U></B>&rdquo;), and The Benchmark Company, LLC (the
&ldquo;<B><U>Sales Agent</U></B>&rdquo;), dated November 8, 2021, the Company hereby requests that the Sales Agent sell up to
[&#9679;] shares of the Company&rsquo;s Series A common stock, par value $0.01 per share (the &ldquo;<B><U>Placement Shares</U></B>&rdquo;),
at a minimum market price of $[&#9679;] per share, during the time period beginning [month, day, time] and ending [month, day, time]
[and with no more than [&#9679;] Placement Shares sold in any one Trading Day].</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[The
Company may include such other sale parameters as it deems appropriate.]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitalized
terms used and not defined herein shall have the respective meanings assigned to them in the Sales Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>SCHEDULE
2</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Notice
Parties</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Presidio
Property Trust, Inc.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jack
Heilbron (JHeilbron@presidiopt.com)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adam
Sragovicz (asragovicz@presidiopt.com) </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
copies to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ed
Bentzen (ebentzen@presidiopt.com)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
Sales Agent</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[ops@benchmarkcompany.com]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>SCHEDULE
3</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Compensation</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company shall pay to the Sales Agent in cash, upon each sale of Placement Shares through the Sales Agent pursuant to this Agreement,
an amount equal to 3.5% of the aggregate gross proceeds from each sale of Placement Shares.*</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*
The foregoing rate of compensation shall not apply when the Sales Agent purchases Placement Shares on a principal basis, in which case
the Company may sell the Placement Shares to the Sales Agent as principal at a price to be mutually agreed upon by the Company and the
Sales Agent at the relevant Point of Sale pursuant to the applicable Placement Notice (it being hereby acknowledged and agreed that the
Sales Agent shall be under no obligation to purchase Placement Shares on a principal basis pursuant to the Sales Agreement, except as
otherwise agreed by the Sales Agent and the Company in writing and expressly set forth in a Placement Notice).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Exhibit
7(m)</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>OFFICER
CERTIFICATE</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>The
undersigned, the duly qualified and appointed _____________________ of Presidio Property Trust, Inc., a Maryland corporation (the &ldquo;<B><U>Company</U></B>&rdquo;),
does hereby certify in such capacity and on behalf of the Company, pursuant to <U>Section 7(m)</U> of the Sales Agreement, dated November
8, 2021 (the &ldquo;<B><U>Sales Agreement</U></B>&rdquo;), between the Company and The Benchmark Company, LLC, that:</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    representations and warranties of the Company in <U>Section 6</U> of the Sales Agreement (A) to the extent such representations and
    warranties are subject to qualifications and exceptions contained therein relating to materiality or Material Adverse Change, are
    true and correct on and as of the date hereof with the same force and effect as if expressly made on and as of the date hereof, except
    for those representations and warranties that speak solely as of a specific date and which were true and correct as of such date,
    and (B) to the extent such representations and warranties are not subject to any qualifications or exceptions, are true and correct
    in all material respects as of the date hereof as if made on and as of the date hereof with the same force and effect as if expressly
    made on and as of the date hereof except for those representations and warranties that speak solely as of a specific date and which
    were true and correct as of such date;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied pursuant to the Sales
    Agreement at or prior to the date hereof;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
    of the date hereof, (i) the Registration Statement does not contain any untrue statement of a material fact or omit to state a material
    fact required to be stated therein or necessary in order to make the statements therein not misleading, (ii) the Prospectus does
    not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in
    order to make the statements therein, in light of the circumstances under which they were made, not misleading and (iii) no event
    has occurred as a result of which it is necessary to amend or supplement the Registration Statement or the Prospectus in order to
    make the statements therein not untrue or misleading for clauses (i) and (ii) above, respectively, to be true and correct;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there
    has been no Material Adverse Change since the date as of which information is given in the Prospectus, as amended or supplemented;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    Company will not be in possession of any material non-public information at the time of delivery of any Placement Notice and/or as
    long as such Placement Notice is effective; and</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    aggregate offering price of the Placement Shares that may be issued and sold pursuant to the Sales Agreement and the maximum number
    or amount of Placement Shares that may be sold pursuant to the Sales Agreement have been duly authorized by the Company&rsquo;s board
    of directors or a duly authorized committee thereof.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terms
used herein and not defined herein have the meanings ascribed to them in the Sales Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 31; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --> -</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>ex5-1_001.jpg
<TEXT>
begin 644 ex5-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1"  _ G # 2(  A$! Q$!_\0
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MB'0A,@D\@@ ?CFF17NFSQP11R0,EPC21)CAU!R2!]31S/L!6UBV5;2VMX3&
M),)!([(LV%/REAT]1]*I6EO:W5[I$X20[X9#^]<ELJ5QG!P<<\UJ2ZAI5W92
M/-+!-;HP#!UW#/;CO[5;@6WECBEA6-D"_NV4# 4^GMQ2NT@.+C$L6D2L8Q'Y
MU@SY6=CYIWKRV?NGGMG[Q]*TVM1_:ME%]DM]JPN_E_:6VH=Z_,#CD^U;.HRZ
M9IUD9-0^SQ6P'EDR*-N#_#]#QQ44$6C76GQW<,%F]H@9T?RAM49Y(XXZ?I5\
MW6P6(;&R@C\17\B1X94C(^8\%MV>,]\5LGI5.&^L99%:*>$O-")@01EH^S?3
MFI;:^MKR$RV\RR1@X+#M6;NQG/S834[A@S2M(9D26.0AE8(3Y;(>PQD$>WXM
MEN"PM#',6 M+<DJ_<S)U^O-;"WND^7-J*R6P$0Q+/@ @>YZXJ3;IUM.EN([>
M.2YS(J! #)MY)]\<&JYO(5C U"SA@76WACPX:)1F0@8;:2,YXR:TKF$Q: 8D
MCB@^908TFX8;QE0YQR1Q^-69[W3#<2VEP8C(X/F1O&3OP,G/&#@"F17NC_V=
M+L:W6SC8)(I3:H+8P"".^1^=%WIH!@O(S63>87B$$5R\"F4_(RR +@@\X''>
MM"S8_P!MI)O8RR7,\<@WG[BCY1CT''Y^]::-IDUPMFJVS26_*Q[!^[QZ>F..
MG2K8MH%G:=88Q*PPT@4;B/0FAR\@L2'I7+AC%XCDF;:B?:RK2^:=VT0@[2G3
M;WS74<5 ;&T,[S&VA\UQM9_+&YATP3WJ4[ <E#J$CV6H[GN%-U&+M?,5DVG=
M@A<]@NSIZ^];<MG;/XF@EV L;=WR&.-P9 #C.. 36I);03+MEAC=<%<,H(P>
MH^E0 6=E+!!'%'$TFY8@B8']XCCITS^%4Y7V"QS-K?OI\\%[)([1?8(HW5F)
M!8[RA^I(Q^(J;3X%81VFH3,T:?:7):0C+B0<YSVR<>E=#;K9W43&.*)HU;8?
MD&,H?Z'.*EDLK69-DMO"Z[M^&0$;O7ZTW,+')Q//+>6]S(I9@+/?,9"&3=U&
MWH<]_K6KH4>)KJ=HHU+32CS?.+,W[QA@J>!Z5I@V[W;P;$,P59&&WMDA3GZ@
MU!#9Z=> W$-O%DRDLZIM+,K<Y/4_,/TI.5T%C.U2[_L_Q''>22LMO%;!9ES\
MN&8X./J%_.J=E!YSPPZBS.'OI6D5W. 3%NQUZ GI7526\$N[S(HWW#:=R@Y&
M<X_.F36-I<+MFMH9 6WX>,'YO7ZT*:2"QDQ21-X822]>1HEST8[I '(5<]3G
M@>^:C6V>WFTE9KB16V3*VV4[5!4G\<< $^E;DMK;SP^5-#')%Q\CJ"O'3BA;
M.V6)(UMXA&@(50@PH/7 ]Z7,%CFX8(GB@&]QI]S<G:C2GE1&V&)S_$1N_*I-
M.7[5<Z=()I#<I"DD[E\X7;@)C_://X?2MQ=,L4@:%;.W$3$$H(EVD_3%.^P6
MGV@7'V6#SATD\L;NF.O7I3Y@L6*I:O8+JFDW=D_2>)D^A(X_6KM%0G89P_PM
MTEK#09[B9"LUQ.00?1/E_GNKJ=9D"Z3=)M=FDB=%"(6))4XZ5<CB2)=L:JJ\
MG &*?5RGS2YF)*RL</\ #KS-&\-/;ZA;W,$WGL^QH'SC YX%7?$&N372P6&G
M:??3&:XC$DQMV5$0."3DCVKJZ*;FG+F:"VEC!CU1?^$HF0VUV(C"D:S&W?87
M#-D9Q[CGI6VZ+(A5P&5A@@]"*=2U#=QG&^&M)_X1"\UU3'*]HSI);^6A<LI!
M^4 =P>/RK=T"X$NE1%HY4EY:598V0AV.X]1ZGM6K13E+FU8DK'GFM6]S:_$F
MPU>PM+F6!@([IHX6PO53GCG@C\J/%T<VH^+]!NK2UNI8+9P9G6!\(-X//'H*
M]#HJU5M9VV5A<IR/BS4;O4]*FTK1K"[GGNAY;2M$T<<:]R6;%5K_ $-M%^&T
MVC0+)<73Q$XBC+;W+ G&/Z^E=O24E4LDEZCL<IX*N/[+\(V5M>PW$,\8?>A@
M<D9<D=!Z&G:EK4]_J^FV=CI]\81=+)/</ R(JC)QR/6NJHI<Z<G*P6//##<?
M\+8&J?9;K["(MOG>0^W.S'IZUUMYK\%K"SI;WMPX'$<5LY)_'&*UJ*)3YK76
MP)6.?T&2[NO#,TMY;207-PTSF%Q@KDG _+%4$NC<>"6TY+6\%TEAL*O;NHW!
M<$ D8)KKJ6CGUV"QR^J7+ZMHJ6]E#=QS)+ =SVS+MPXY (YQBM73M)>SO)[N
MYNWNKF950N45 %7.  /J>:TZ*3EI9!8****D84444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 (1FL'0;:>WUG7Y)H71)KM7C9A@./+4
M9'KR*WZ*:=DT!R\=A>I<:K]IMHF\^U)\Q&+>8^7P,$=0,<=N*>;>=9UB,$N9
MOLK!@IVJ$.6R>V/ZUTF*,57.Q6,2]G^TW]M%]GG6)@LKOY#?,P/R(Q XP>3G
MV]:S8M,U/RK^&2WMSYC1O*3*V)^"6P=OKC\.*ZVC I*5@L8T4UU#X;CB6!UO
M5M44*H)"L1MZ^W4^E49])O(=3A6*&-X!"\,<@<Y1/+P 1C'+9/7FNGP*,4*3
M06.7BCF#071M;@1P?9U=?*.[**X;"]2 6'3\*VM%B>#2H4E0H_S,5/498D#\
MC5[%%#E<+'/^-+2>^T2.&U25Y/M<+?NAEE <98?3K5N]L;EM(6UBE^TMN'F-
M<-M,BYR02HQSP.G2M6BCF=DAV.8BL;I]/M5:VV3G3)87QV;"A5)P.>OZU=TU
MR&NII+><1SE556B.3MCP<C\"/>MJC ]*'*XK'(W5O=:CI-Q+#:GS)-SRP3*\
M9 "$1HOR\XZ_6KC6U^NOV5W)!$T87:61R3&OEG(QM[L?QXKHL48I\["QFJ&N
MM76=HY%@MX/DW*1EWZ\>H  _$UC:AI]_<:.95MU>25WN)(78JP8D!.Q^ZO;U
MKJ\48I*5@L8]H_VC6I6DMY8O(#)$/*8*Q."[[L8.3@#Z$]ZV#THI:3=QG(W]
MMJ45].]O'<.EL[&(+G$@FX/UV'GVI^HVE];76VU2XDAMU2[7:2?,= $,?U(Y
MQ758HQ5<XK')76GW\?D1PBX;=$MS(RL3B6/+;/\ @1(&.^*MRBY71$G2WG>]
MA<7GE;3DEF)*#WP2,=JZ+ ]**.<+')II][;WUK'M?"+#MD",<'<3+R#@9R<Y
M['O3(;*Z@ME!MIV$L"^>&WG+>;U(!R<*3P.HXKK\48HYV%CBH;.Z(4O;W7V@
M1!+>0HPV$3,1GGCY2.IZ5+=6=^1&J12JN9MA",2DAF)#<$8XY!/&*[#%&!1S
MA8PKT&XU:"22"[>%5"Q^6"NV0/R3Z#'<\$9K+%I=2PM'Y=T96&+K)8!F\Y2,
M?\!W=.U=CBC%)3L%CG])LY;74P1'*D3"X5MQ)&!(/+'/^SG'M70#I12TF[C"
MBBBD 455:>X#$+:%E!X/F 9I//N?^?-O^_JT 6Z*J>?<_P#/FW_?U://N?\
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MFW_?U://N?\ GS;_ +^K0!;HJIY]S_SYM_W]6CS[G_GS;_OZM %NBJGGW/\
MSYM_W]6CS[G_ )\V_P"_JT 6Z*J>?<_\^;?]_5H\^Y_Y\V_[^K0!;HJIY]S_
M ,^;?]_5H\^Y_P"?-O\ OZM %NBJGGW/_/FW_?U://N?^?-O^_JT 6Z*J>?<
M_P#/FW_?U://N?\ GS;_ +^K0!;HJIY]S_SYM_W]6CS[G_GS;_OZM %NBJGG
MW/\ SYM_W]6CS[G_ )\V_P"_JT 6Z*J>?<_\^;?]_5H\^Y_Y\V_[^K0!;HJI
MY]S_ ,^;?]_5H\^Y_P"?-O\ OZM %NBJGGW/_/FW_?U://N?^?-O^_JT 6Z*
MJ>?<_P#/FW_?U://N?\ GS;_ +^K0!;HJIY]S_SYM_W]6CS[G_GS;_OZM %N
MBJGGW/\ SYM_W]6CS[G_ )\V_P"_JT 6Z*J>?<_\^;?]_5H\^Y_Y\V_[^K0!
M;HJIY]S_ ,^;?]_5H\^Y_P"?-O\ OZM %NBJGGW/_/FW_?U://N?^?-O^_JT
M 6Z*J>?<_P#/FW_?U://N?\ GS;_ +^K0!;HJIY]S_SYM_W]6GQ33NX$EL47
'^]O!H __V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>ex5-1_002.jpg
<TEXT>
begin 644 ex5-1_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !  F\# 2(  A$! Q$!_\0
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M\E%\,_[P_P#0Z9\+;C[)=:OHSL?W,OF1Y!'&=IX/T4_C2^-T63X@^&T<95B
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M"T445(PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HJNU]"C%6,F0<'$;'^E-_M"#UD_[]
M-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#U
MD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_
MM"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_
M  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_
MWZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$
M'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJ
MK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0
M!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]
M-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#U
MD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_
MM"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_
M  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_
MWZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$
M'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJ
MK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0
M!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]
M-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#U
MD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_
MM"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_
M  H_M"#UD_[]-_A0!:HJK_:$'K)_WZ;_  H_M"#UD_[]-_A0!:HJK_:$'K)_
5WZ;_  J2*ZBG8JA;(YY0C^8H __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>7
<FILENAME>sqft-20211108.xsd
<DESCRIPTION>XBRL SCHEMA FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.10a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: 96Mps7xRiXgen8uDanwsWaSGKbP9z5Z82ekhvWBzbRnKnyIn2fSztyd/d3w2YQcM -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2021" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:srt-types="http://fasb.org/srt-types/2021-01-31" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:SQFT="http://presidiopt.com/20211108" elementFormDefault="qualified" targetNamespace="http://presidiopt.com/20211108">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://presidiopt.com/role/Cover" id="Cover">
	  <link:definition>00000001 - Document - Cover</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="sqft-20211108_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="sqft-20211108_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="sqft-20211108_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2021" schemaLocation="https://xbrl.sec.gov/dei/2021/dei-2021.xsd" />
    <import namespace="http://fasb.org/us-gaap/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2021" schemaLocation="https://xbrl.sec.gov/country/2021/country-2021.xsd" />
    <import namespace="http://fasb.org/srt/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd" />
    <import namespace="http://fasb.org/srt-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd" />
    <element id="SQFT_SeriesCommonStock0.01ParValuePerShareMember" name="SeriesCommonStock0.01ParValuePerShareMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" name="Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>8
<FILENAME>sqft-20211108_def.xml
<DESCRIPTION>XBRL DEFINITION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.10a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://presidiopt.com/role/Cover" xlink:href="sqft-20211108.xsd#Cover" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://presidiopt.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="sqft-20211108.xsd#SQFT_SeriesCommonStock0.01ParValuePerShareMember" xlink:label="loc_SQFTSeriesCommonStock0.01ParValuePerShareMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_SQFTSeriesCommonStock0.01ParValuePerShareMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="sqft-20211108.xsd#SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" xlink:label="loc_SQFTSec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_SQFTSec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentType_40" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentFlag_40" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentDescription_40" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentRegistrationStatement_40" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAnnualReport_40" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentQuarterlyReport_40" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentTransitionReport_40" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyReport_40" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate_40" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodStartDate_40" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodEndDate_40" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus_40" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalYearFocus_40" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate_40" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFileNumber_40" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityRegistrantName_40" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCentralIndexKey_40" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPrimarySicNumber_40" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber_40" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode_40" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine1_40" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine2_40" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine3_40" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCityOrTown_40" xlink:type="arc" order="23" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressStateOrProvince_40" xlink:type="arc" order="24" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCountry_40" xlink:type="arc" order="25" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressPostalZipCode_40" xlink:type="arc" order="26" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCountryRegion_40" xlink:type="arc" order="27" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCityAreaCode_40" xlink:type="arc" order="28" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiLocalPhoneNumber_40" xlink:type="arc" order="29" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Extension" xlink:label="loc_deiExtension_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiExtension_40" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiWrittenCommunications_40" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSolicitingMaterial_40" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementTenderOffer_40" xlink:type="arc" order="33" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer_40" xlink:type="arc" order="34" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12bTitle_40" xlink:type="arc" order="35" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiNoTradingSymbolFlag_40" xlink:type="arc" order="36" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiTradingSymbol_40" xlink:type="arc" order="37" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityExchangeName_40" xlink:type="arc" order="38" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12gTitle_40" xlink:type="arc" order="39" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityReportingObligation_40" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAnnualInformationForm_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements_40" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer_40" xlink:type="arc" order="43" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityVoluntaryFilers_40" xlink:type="arc" order="44" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCurrentReportingStatus_40" xlink:type="arc" order="45" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent_40" xlink:type="arc" order="46" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFilerCategory_40" xlink:type="arc" order="47" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntitySmallBusiness_40" xlink:type="arc" order="48" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany_40" xlink:type="arc" order="49" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityExTransitionPeriod_40" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAccountingStandard_40" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber_40" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityShellCompany_40" xlink:type="arc" order="53" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPublicFloat_40" xlink:type="arc" order="54" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent_40" xlink:type="arc" order="55" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding_40" xlink:type="arc" order="56" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock_40" xlink:type="arc" order="57" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityInformationFormerLegalOrRegisteredName" xlink:label="loc_deiEntityInformationFormerLegalOrRegisteredName_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityInformationFormerLegalOrRegisteredName_40" xlink:type="arc" order="58" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>9
<FILENAME>sqft-20211108_lab.xml
<DESCRIPTION>XBRL LABEL FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.10a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US">Class of Stock [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sqft-20211108.xsd#SQFT_SeriesCommonStock0.01ParValuePerShareMember" xlink:label="SQFT_SeriesCommonStock0.01ParValuePerShareMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SQFT_SeriesCommonStock0.01ParValuePerShareMember" xlink:to="SQFT_SeriesCommonStock0.01ParValuePerShareMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SQFT_SeriesCommonStock0.01ParValuePerShareMember_lbl" xml:lang="en-US">Series A Common Stock, $0.01 par value per share</link:label>
      <link:loc xlink:type="locator" xlink:href="sqft-20211108.xsd#SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" xlink:label="SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" xlink:to="SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember_lbl" xml:lang="en-US">9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityInformationFormerLegalOrRegisteredName" xlink:label="dei_EntityInformationFormerLegalOrRegisteredName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInformationFormerLegalOrRegisteredName" xlink:to="dei_EntityInformationFormerLegalOrRegisteredName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInformationFormerLegalOrRegisteredName_lbl" xml:lang="en-US">Entity Information, Former Legal or Registered Name</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>10
<FILENAME>sqft-20211108_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.10a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://presidiopt.com/role/Cover" xlink:href="sqft-20211108.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://presidiopt.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="sqft-20211108.xsd#SQFT_SeriesCommonStock0.01ParValuePerShareMember" xlink:label="loc_SQFTSeriesCommonStock0.01ParValuePerShareMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_SQFTSeriesCommonStock0.01ParValuePerShareMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="sqft-20211108.xsd#SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" xlink:label="loc_SQFTSec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_SQFTSec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityInformationFormerLegalOrRegisteredName" xlink:label="loc_deiEntityInformationFormerLegalOrRegisteredName" />
      <link:presentationArc order="580" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_deiEntityInformationFormerLegalOrRegisteredName" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>form8-k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:SQFT="http://presidiopt.com/20211108"
  xmlns:dei="http://xbrl.sec.gov/dei/2021"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="sqft-20211108.xsd" xlink:type="simple"/>
    <context id="From2021-11-08to2021-11-08">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001080657</identifier>
        </entity>
        <period>
            <startDate>2021-11-08</startDate>
            <endDate>2021-11-08</endDate>
        </period>
    </context>
    <context id="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001080657</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">SQFT:SeriesCommonStock0.01ParValuePerShareMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-11-08</startDate>
            <endDate>2021-11-08</endDate>
        </period>
    </context>
    <context id="From2021-11-082021-11-08_custom_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001080657</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">SQFT:Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-11-08</startDate>
            <endDate>2021-11-08</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="From2021-11-08to2021-11-08">0001080657</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="From2021-11-08to2021-11-08">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="From2021-11-08to2021-11-08">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2021-11-08to2021-11-08">2021-11-08</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="From2021-11-08to2021-11-08">Presidio Property Trust, Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="From2021-11-08to2021-11-08">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2021-11-08to2021-11-08">001-34049</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="From2021-11-08to2021-11-08">33-0841255</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="From2021-11-08to2021-11-08">4995 Murphy Canyon Road</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2 contextRef="From2021-11-08to2021-11-08">Suite 300</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown contextRef="From2021-11-08to2021-11-08">San Diego</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="From2021-11-08to2021-11-08">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="From2021-11-08to2021-11-08">92123</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="From2021-11-08to2021-11-08">(760)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="From2021-11-08to2021-11-08">471-8536</dei:LocalPhoneNumber>
    <dei:EntityInformationFormerLegalOrRegisteredName contextRef="From2021-11-08to2021-11-08">Not Applicable</dei:EntityInformationFormerLegalOrRegisteredName>
    <dei:WrittenCommunications contextRef="From2021-11-08to2021-11-08">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="From2021-11-08to2021-11-08">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="From2021-11-08to2021-11-08">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="From2021-11-08to2021-11-08">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember">Series     A Common Stock, $0.01 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember">SQFT</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember">NASDAQ</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2021-11-082021-11-08_custom_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember">9.375%     Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2021-11-082021-11-08_custom_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember">SQFTP</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2021-11-082021-11-08_custom_SeriesCommonStock0.01ParValuePerShareMember">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="From2021-11-08to2021-11-08">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.2</span><table class="report" border="0" cellspacing="2" id="idm139882420428344">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Nov. 08, 2021</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Nov.  08,  2021<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-34049<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Presidio
Property Trust, Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001080657<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">33-0841255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MD<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">4995
Murphy Canyon Road<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">San
Diego<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">92123<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(760)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">471-8536<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityInformationFormerLegalOrRegisteredName', window );">Entity Information, Former Legal or Registered Name</a></td>
<td class="text">Not
Applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=SQFT_SeriesCommonStock0.01ParValuePerShareMember', window );">Series A Common Stock, $0.01 par value per share</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Series
    A Common Stock, $0.01 par value per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">SQFT<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember', window );">9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">9.375%
    Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">SQFTP<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInformationFormerLegalOrRegisteredName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Former Legal or Registered Name of an entity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInformationFormerLegalOrRegisteredName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=SQFT_SeriesCommonStock0.01ParValuePerShareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=SQFT_SeriesCommonStock0.01ParValuePerShareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>13
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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MB[D!OU]+J5]/S NAXGW>Y ]02P,$%     @ !DAI4^#T.HFJ @  , P   T
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M 0  &@   'AL+U]R96QS+W=O<FMB;V]K+GAM;"YR96QSM9$]#H,P#(6O$N4
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M4')O<',O87!P+GAM;%!+ 0(4 Q0    (  9(:5.= P&1[@   "L"   1
M          "  :\   !D;V-0<F]P<R]C;W)E+GAM;%!+ 0(4 Q0    (  9(
M:5.97)PC$ 8  )PG   3              "  <P!  !X;"]T:&5M92]T:&5M
M93$N>&UL4$L! A0#%     @ !DAI4_#PE;S0!   VQ,  !@
M ("!#0@  'AL+W=O<FMS:&5E=',O<VAE970Q+GAM;%!+ 0(4 Q0    (  9(
M:5/@]#J)J@(  # ,   -              "  1,-  !X;"]S='EL97,N>&UL
M4$L! A0#%     @ !DAI4Y>*NQS     $P(   L              ( !Z \
M %]R96QS+RYR96QS4$L! A0#%     @ !DAI4ZK$(A8S 0  (@(   \
M         ( !T1   'AL+W=O<FMB;V]K+GAM;%!+ 0(4 Q0    (  9(:5,D
M'INBK0   /@!   :              "  3$2  !X;"]?<F5L<R]W;W)K8F]O
M:RYX;6PN<F5L<U!+ 0(4 Q0    (  9(:5-ED'F2&0$  ,\#   3
M      "  183  !;0V]N=&5N=%]4>7!E<UTN>&UL4$L%!@     )  D /@(
' & 4      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.21.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>3</ContextCount>
  <ElementCount>96</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>2</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="form8-k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://presidiopt.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="form8-k.htm">form8-k.htm</File>
    <File>ex10-1.htm</File>
    <File>ex5-1.htm</File>
    <File>ex8-1.htm</File>
    <File>sqft-20211108.xsd</File>
    <File>sqft-20211108_def.xml</File>
    <File>sqft-20211108_lab.xml</File>
    <File>sqft-20211108_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2021</BaseTaxonomy>
    <BaseTaxonomy>http://fasb.org/us-gaap/2021-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>18
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "form8-k.htm": {
   "axisCustom": 0,
   "axisStandard": 1,
   "contextCount": 3,
   "dts": {
    "definitionLink": {
     "local": [
      "sqft-20211108_def.xml"
     ]
    },
    "inline": {
     "local": [
      "form8-k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "sqft-20211108_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "sqft-20211108_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "sqft-20211108.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "https://xbrl.sec.gov/dei/2021/dei-2021.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd",
      "https://xbrl.sec.gov/country/2021/country-2021.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd"
     ]
    }
   },
   "elementCount": 66,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2021": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 96,
   "memberCustom": 2,
   "memberStandard": 0,
   "nsprefix": "SQFT",
   "nsuri": "http://presidiopt.com/20211108",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "baseRef": "form8-k.htm",
      "contextRef": "From2021-11-08to2021-11-08",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "role": "http://presidiopt.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "baseRef": "form8-k.htm",
      "contextRef": "From2021-11-08to2021-11-08",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 2,
   "tag": {
    "SQFT_Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share"
       }
      }
     },
     "localname": "Sec9.375SeriesDCumulativeRedeemablePerpetualPreferredStock0.01ParValuePerShareMember",
     "nsuri": "http://presidiopt.com/20211108",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "SQFT_SeriesCommonStock0.01ParValuePerShareMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Series A Common Stock, $0.01 par value per share"
       }
      }
     },
     "localname": "SeriesCommonStock0.01ParValuePerShareMember",
     "nsuri": "http://presidiopt.com/20211108",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r11"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r9",
      "r11",
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r11"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r11"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInformationFormerLegalOrRegisteredName": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Former Legal or Registered Name of an entity",
        "label": "Entity Information, Former Legal or Registered Name"
       }
      }
     },
     "localname": "EntityInformationFormerLegalOrRegisteredName",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r11"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2021",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [],
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Line Items]"
       }
      }
     },
     "localname": "StatementLineItems",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Table]"
       }
      }
     },
     "localname": "StatementTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://presidiopt.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r10": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a"
  },
  "r11": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f"
  },
  "r12": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f"
  },
  "r13": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r14": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r15": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r16": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "Section",
   "Publisher": "SEC",
   "Section": "12"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r9": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>19
<FILENAME>0001493152-21-027585-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001493152-21-027585-xbrl.zip
M4$L#!!0    (  9(:5-AC_)?YZL  .XN!  *    97@Q,"TQ+FAT;>R]Z7+;
MR+(N^I\1? ?<%>?NH"(@M>6A)_?I"'GJX[O<MK?MWL-/D 0EM$F "P E:SW]
MS;$J"RA0E*W56]+AB7U66Q()U)"5E<.77_[R?S[]_N;7\>B7__/RY 7\-\'_
M]\NGUY_>O/SUE^_XO_#7[^3/OSQ[]^*_DX^?_OO-R__]MT55MC\GQP_6;?*I
M6.5-\C:_2#Y4JZQ,^1=I\C&OB\7?X(OPU??7_=[39)75IT7Y<X(??? T:?,O
M[6&V+$[A5[.\;//Z;[_^\NK=VT_VR8>+;%4L+W^^ZMGTV:;X9\Y#^=NO_U9.
MF_737[[#!\+<W_\K1ET7IV?M30[ZEV>_OOQR5DR+=CPZ?G!T_,MWSW[]UT[A
M;B[\38]:GM[66=DLJGKU<[)9K_-ZEC4Y;<K[#R\_OG[Q^MUX]/[#N_<O/WSZ
M[^33AS\^?DJ3UV^?']V]7;IJOKJ']VU>#7PK;\:C+'G^[O??W[V%5[Y[_O?[
M-\_[NG^__/'KQY,W+S^.1R>_?7CY\O>7;S_]\MT?O]Z_B?Y5&WCC-]C;ZCQ?
M3?-Z//HQ31X^>'A\Q\;_5]Q>?VZ:MEA<WN2P/YWEX]&SO)R=P7L_)\^KU3HK
M+]/DS9OG=VXNQT\>C$<OLZ9-GOSXR\<_WO_:GOWR'?XW^=C6>=ZFR?$/X>]?
M+:NJOG/SA$^.1_]=U9_3Y.U_P^^.GSRYZ3G<_I-QDR-\D\WY=B_GR6^@L)?Y
M*B]_OLTC_@NUC?RR*.<Y/O3!T9.BO,FIO*_SII@7%9C(=05767N9?*KAU6 B
ME[.C-,F2W[/Z<HE[,ZOJ=55G;5&5R:0]RY-_6\[_L:F>\@4ONDOO]7^KZ6\'
M*7RM7!3UJDF*MDFR4U %L+TM/J%HPD><Z!^[#QF/+HKV+ %MF<25)8RS@;DM
ME]5%<^.2\S^R+_=(Q(Z/8.1__/JZ:399.<L3E*6/V3)/JD7R\2P# <3]/J+M
ME4UE.6F2]BP#25S4U2IIX25)6_%_YYNZ*$\3%$*P[U;X)!(G)T%I D*J?V[H
ME<UF^F<^ P\='P)_ ;F<%RC,3=+D+0R[!A$[R^N\@"D5+2S<95+ F'G 3;Y<
MXNNK&KY<5YO3*\1QUN( ,Y1XE'9XQ'?PU34,>U:LL^5XU#]!N"8XA<@!2).&
M%HHGZI;IW^H&_]S0TN-W85*K%<R\::L9W$_KK$[.LR5,X7\].'IPG,#YY@?%
MSR]\<SSZB%^-O)]7+Y'%6Q:KHLVZJU>4"<X#/H<ZXM%D>H /HD6M%KS!A96"
M1J3 3RX816>]\;UFC9*+ K9DFB?Y8@%OS.?)>E/CP]T@/^2G1=.*QOH(PQ7-
M [LRSQ=%"5^9YJ R#I)%L<0?+NWBX@A!\9P5L[/D@KXR6\(PY_*^XCQ/-G!D
M:AY7/@.1;&D39M%7R,/_./IX9#^-R_#RR^PL*T_IS2M8H$$%*W_L[L[1O5 3
M]TCCO:^+JG:*9@Z"%]-05M;.\/XB(80SE,W@JIW3*:%[#S^XKJOSHJ'S)CJ@
M(W+PV^.?'CVBFS"#%\SS><HBC!^N-TL1MCH_W2SEY+9X,EF()S.X/5FLEY<\
MME Y!6_KZP<W4"^F:#PT9_ER@>]T!W$\:MQ)!#E_!5YT\O'P43)Y!=-/WE9'
MR:-'CPX?/CG^X8>?X+F@+Y>;.>G29 IN-BY$LX:!;F#]ZQQG@A=!!:Y^W6:P
M>(T;J/VRCHP4 >I&VITIZR-8]?X5$RH#F" I CN3Q$]D0#_X9^BQAO\[@4M@
MF3S\@?WLE.U>?CJ,5VPL6&;X<ITO8(-0#N;5;(-OXBMQ0'1 5Y).Q)^^1H[
M?5--Y"7J<4^BDAL1*/NJGD(;CSYU9KBN\S6M;F8D &ZE]7K)6X"_*A;%+%LN
M+P/!P#=7L"5D,;@KAL6@<V78\RG"D\,!PM=G-2U(LQD6@K[*/OGT>_+>C;8W
MR\#BX9W;U&71G.FPS6T'<@)W;+)IG%39/\*]ORZ\>1"^U\TDV6TB:6_YWB^S
M&<^1[36P7GH7W!%>8SFHW N4 ;6P4,\F%8K%10%#K_-_;(H:C^;6]UN!,PH
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M%/M(5F#B5_-DM6DW%)^B]!9=VT4);JG8ZF+NHIL/EO<!.&$#(TO>T@NZ ]3
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M?/M,B>7AI9R^+D,Y<Y6Z.K;+H3-,'[.'V)]A(LJ[0"*WLP+)1Y(E6(X"3<.
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MGG^&VJOLUKT/W2:!E3HF0=78[# +6ZJ$V+T^):-&2UPQ2Z?_;@(!<.79]/J
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M>XX4Q?0HHV_"7.R&<YV7M"V[8/%';3X[*ZD-MH6CS$'NEJ!3A%D'&?V7E5Q
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M;&:Y.N"*2V/%QZSX93K 79!*R@PIEN:*W^$.;X0W*_@W,R3*(0"'H\DWG^?
M"./35!']45(DA3108]PX^5B/\J:3](JRVZ2[L:(K!R8_R3$4,@6FKEF/S#*
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MSPMX*.'#7&TH)@MX&+D;1&P$@C>P27X9"3]_A2 >*2A4U &.M^&-@)\"K<]
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MW -]#@F3EW6;&NLEFAL6HCI_%7P\_'MW#1)=@I"R[BAY#8IB/B]:;3G"T\Y
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MQ-*^X80#;G,?.26:9L9*4;?6YJQ8L].8MV<5>8>N;JF7<?LF=MLS8K3$]0R
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MKN")OHFP!:?3Y51JX['0DD=_@U0TBR-:_3 HQ++[E>+[S*'/%AFW-:Q67$!
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MTRW?BCNN_E$OV0;=L=R0JV.-F.@$;@-MEDP>!8@*A)-3O(XF&GFQQ#_"L)E
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MSKV[<KK'Q^T*?-1/>WS43>.C?MKCH_;XJ+NN2R:Y5F6(%N:&#N*COW1==X,
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M8"B4*&C!.%E)?R+<(QD'1AQ6](\=.IG>*\.P+8MU$(?DD,Z[T)9=$)@3-I.
M__0*S"4PTC;H9D:R" =%=$JU<V7E$ -T5;)9.ZX*35 .:SW"1M:J[X[?@ZFH
M(($Q]!X1^C*6B$OLM#."U"Q\=7I?O;8\[@=UL/X\&K&<"B'Q'8W4HUXN5#;D
MW"YG9T=17Q.QBU-Y?"+N_22>9;:!E-)M\-DB&5'RN]^['9R*PJWH!5';Q.8-
M0GF=DBG8^:,</KS.B:ZCF!%14.W \Y4PT4J*T-0DA,$LGHWPA^$ TS\9_0Y#
M?_DREM(&P49L*0TG6W94Y!]B1@M%0W6*D Y.N-<;!3Z.OE1_TH5^#<:1T(45
M<K"!!X =:U6@D5+4?VE>EKBNXS1*9FAF2<$Y!4X%:$PLTV@68<>N17S$L*S
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M..L;9<")&ZBE9ENB89O57SA^Z&:E&%2!T5* @?;JVL**UGH&#@=P6 =V?,&
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MM2#+FL)>++'X^SJ?Q;**9KW+ZSB%/06=]<4<2RCT[\.!?"#+LR]@)V+FYE'
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M'H\75=S@_F@QR8@WC=;TQD @*BFK L>I,62;5ZPZ8AO*H+H*F0Z[E)5,0^A
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M;? J*JN^[7\[;?]G']_VO\?-[5\^_>GY+WA6OOS^_8^O_O'_ 5!+ P04
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M'BFC0ID#?.E%)@%^BC;C8M&('1DCC'&AAZH%?E-D\Z)HK-4AIT>#-7++;:\
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MO=7A&QW.[Z:X5:83Q'BZWWY(?"OG68/R8%!3!0*G%-ER"-AFXI/!0N5TKIV
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M$*:8$3 <G8WR=K= LU&M$'I JBAEMQ)Z"&[ZR<I;USYS'SZO81&$[K7E!J5
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M46+V.I"(G!B8QR )B#PP&1%7&GE0YFO0&.%U9$FC&8$J R!I;VPV0!2>S4A
MN!RQ%")^8[!7$8C@&43K$)WC5 !&+"M@8B.<P53P5V%&JG(K,. 9]SH3M.$.
MH^789B]P:A"-3Y!8:Y['/&N0)7"5"(0R*$AJ[IZ/&&<;@)YA9Q(N2NDAC>1H
M"YLU]'8R0'D 9.,B,#&("2A!R?$P+#0/9P0G\0T MXDMGY!QX&;)S"<\IQCS
M@\UJ6[B!SRY3-8U%!+XZ<#)$R!P%!':J@.-/@Z)I8I6V]D,])7X/2+/47/]Y
M^%E*UM]C\A^$'RVNI)A6L.)4+;AYC@9.;4#3W,'T"85#M2PA"4"F (6[W9;@
M#!>.&E1'39HNF$OTXF,&]GROK:^&L3-=PV2"$!#AZ8VG]CSVH/N# S#](FW6
M3PM08^*87 GK.<1QLP$.728TYDLMXEE40Q-!WRE$X.+@Y93I/0F^F]#)@H,2
MW' 1*F* STA&A$D@OXQR/84&K <L8D]A2?BTV<"/30&D7"':(O7B6H2% ]=G
M :N#PAC<17"UT-GR:&! 04GF)K"\4SI];A*ZKP;0>!L'=$%@IR-)C0![ZO>@
M%Y3(/"\!#[T4?V;8"4!;*-D,P_%<J Z4T<>GL:>-W>-%0NALHATOIQMIE;AD
M+NZW.ZNFL*\$=&OI^*P'\F ER.8W)84!:(L8M:7Q[(;1W!+'Q7Q:>L>_II1C
MI<J#4Y\IV@I"DP$CJT[3FW,#(5D6PPGFDJ<.%P*T>[(X*B38RWA4HX=$[HJG
MR1)B;_9$$?Q0!.C])=@L+4TD0WO@HYM!IRW>Z0(%TO"D2$'=,SOOLFGM;+$*
MT=\#FP]]+$(E)K?L&JG^QQ.\O6\)WF\)WC5H9_B6V;W'S.[*.Z,>@B/P!4C_
MS.K<7QN&]7-P<;&9 OUT"K/MT0V.X1^ULW\NQ#1!/7<9+ T_J"):IG='<&[#
M41$Y'P-B[1Q3HO7\,<8T5=?00Y?WU_YU$7_!ZW5<=-K]YZOMD^M6CM:R9]L^
MG\(E#*Z23FRA05<1FXV01O*#,:,-GC0?QH+-!(>X$.L*56--OXL W^D&<[GP
M"?BM%"XK/>8IK!&YWBH?\94]+UBLD=HE C!'-V?)EA"*]("&6D<EG'^U>@@6
M-H(R 8\!+(7XB<@G*B)G/'.U'(K=@0?B1Q)\)$+DJR6%&GSJ>UZU[C]0[;_'
M(^E!J_Q-6K^JK>H]$F0:3-S#SK6DX8T$8:U[KC+'B>!4PG"5L%_;%VWVVL7D
M)S9/,.#78+7U>F_@^_3PBT-&W$;A$S&S]0/M'C/%5)TPH99#"N#!WX S'8@N
MBX: 0U?2D(?A4A!(?I$+R@1H,2[BN@.B;9(K]RX(ICYLYCX7;B57C*U6$\;2
M@F%]3,5$D""5:$D4IKU<M5?Y -$C=G+_H4Z%MQ# U>KN+@-5EE:J9 ]E?B-I
MPH(^MHJQ1EF;=:O48D?%W-;:<IVUZYDJ%DOUO@H9"]SM,B5)Z)7S2T%)R;)T
M01GPC ;.%?^PWX!2764PA/<T&[81H,T.*EAP/=14GI&NT,='N</*>ON RQ/Z
M#AD%:*401[%)Q#I'M=@(<_)%#/IKLZ"N%!3&!8%?LW%KIPE^OX7"#G;"1:5G
M-<P,YA 2KB=%/*:&!T)(U^M*)6M@ $S(1W.Y8\&U9_A>F6;#-\M<8*DD%&4!
M 8C7<*!,^!5R6$_!,FQ!L:&G2[\&OJSD*@I8J:HB42=?(2G]ZCO%Y96(9Q;R
M<ZVXN]!N-@Y\_<F-2_C,R] 52+P,[<%70@ [H,H1[A!]18@O2D=RY")9?RC:
MPC350, 7-C?K:O10GC\W72;Y(R7IN]!HRO,QNGE&S\4+?J5FX\/\TU/+O6U;
MEJ<6G66SL#)+7W/NO:K-.?F^%K@0230;]8XFUY=CJY,\3?&7BR?@<X#N(LY]
MYQ)U52OC"O81?2W%T%;18M"^V.8>(E  ;6S=S#\E,O7=WFQ H0C-ZLM96-<3
MQNJH[5&8JT6Z*U51U*D^L87E/1'!=E!%$DB.9P$""V9(-!4H0Y[BZ#%09=,<
MMJSFF[WF*+DAZRJR0E! C:3::0B6J^<#1Z+4%DF=VM?W8J'7@6IX'N!*E>5#
MA5T.D1*&>$9<"F/ERIX@>"/+ HUCPT>DJ+<D/5"*#'48M CT3(*QS'!#L$LE
MLB47['8)L9:*'2,0*L8X'[\.G,U;K!L"'2A:4E9J$&$\@=,EISX-RH&0_H$C
M2,X@!J:DO-^:(>ZG)+GR9]  QH:SLC?0UQA!O<#J%_J'")M0;>BK?A<ZL2H8
M+<#'AZG.!081Y=-3+UJ_N(>?X,KBHUN 1>Y!)$-U3=<8129>IBWQ"%0W\)7
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MD3 IG\FNA.Z5>8+1A/4UHTWJS#0LAVS@!P)_,PI+168[A/6A!V+Q8J9\VB7
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MUR[H/Z8QV0']IQM\QY!K,UX+L/6.U.)+VBK?123>GD/YXGUI(SX5!BKTC9-
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MZVW181^E9I4?Q'1*/Y$<VQNM4QUY)C6JSLIV+*87^QZ!Q$*)?V,RP2,MXOO
M"\(;*NV?@!N0T81*&$ V-'V.B0)Y1U%8BN^6*;I:%J8.F_:[C?69B>3./B-)
M(6V,V->5\[JY;"<BHXSW-60&B6=2#!56\,*@KZ0HL"LNY1A"]@<9M[SFF[/2
M\]Y%D=F>:(IO2P)XS.@?^IV#QAX37_P12 G)P:?Q(MK_[[%U_#+?</@?4$L#
M!!0    (  9(:5-G(VC%/ D  .QJ   5    <W%F="TR,#(Q,3$P.%]D968N
M>&ULU5W?5^,V%G[?<_H_>-/GD 3*MM!A>S*!].24&2BAT^Z^<!1;2710I*PD
M0_+?K^0?P8YU;8>"L.>!"<Z5]-WODZ]T+<E\^F6SHMX3%I)P=M$9'/4['F8^
M#PA;7'3^F':'T]%DTO&D0BQ E#-\T6&\\\N_O_N'I_]]^F>WZXT)IL&Y=\G]
M[H3-^<_>5[3"Y]ZOF&&!%!<_>]\0#<T5/B84"V_$5VN*%=9?Q V?>Z='@S[R
MNMT:]7[#+.#BC[O)KMZE4FMYWNL]/S\?,?Z$GKEXE$<^7]6K<*J0"N6NMOZF
MG_R+BW^BA#V>FQ\S)+&G^6+R?"/)1<>TFS3[?'+$Q:)WW.\/>G]]N9[Z2[Q"
M7<(,;S[NI*5,+;9R@[.SLU[T;6I:L-S,!$W;..FE<'8UZV\#M2N0-3[MQ5]F
M34E)U1G0DIS+R)-K[B,5]9!*1!YH87[KIF9=<ZD[..Z>#(XV,NBD.D5D"T[Q
M'9Y[YG\M]*[5M<"2!(2OE5&W9[[NC;CNO1IK5' I\/RB(_\W5[K^X\%@T/_)
MU/Y]SDAMU[H72V(Z8<?KY5I&PD\;MQEG6P'\3.DV#IY&C2]U%<(/9[@;D!5F
MIL-WO*2AK'>[6@A3/6W:2VQZU@K>'_>NL6[ 5X@<"+I8V@'BJ*7N"J]F1NZ#
MX.:+OC]61.EA"*,"[X^+<34\%%I:QFF?Q',44O7J3ID6SV/6EPDC)M1=ZU]S
MN/%&Z9$'!RER4V']R*2(,N;)R#+PNF88"C4:I3_&E@F0% KE?JY]:F(P%T7B
M9.KQ',E9Y'8HNPN$UCT3 WN8*IE>B:)BMS](HN[WR>4',P1B T9[C2?ZHTR;
MH6B&:=3X0V)LL^TU ?L]FKWTJQ+<B=T^YA?IAR)%G_2;FC=GW%G/?<Z4[BQ7
M-&I-=WB\,!]29'/!5Y6$)N3Q4@^R#&L@'8^+  L]B^N_8*%<XN"BHT1H<?E#
M9!I1).7-?*JX_SC<D#H]K5CD3<6SCJ]58N4U (2"?+5H]K'J9(%>)N,U)(O-
M]DWU*$X=JL0 >>:5R"%!COMM5N1A8('_5J*D0^??C7>O5BWR#A+NY+7"%=.&
MZ>_C^X<I%@1+G;.N.(LP](_Z@ULDHG3Q%HOI$@G\)9DW%A0R51Q0PSOHEI_8
M IJ4W!G\]8Z P>ZUT0Z4R#\[.OGQ-,9W.0I7(=7YZI.>>P98IZ\Z4FMT:ZQ"
M1&]U15@('+Q6R[=OZL$6:QHD^CMY#$;>-QD+)?:/%ORI%V 2!UW](>HZ<1Z!
MR4,Z ;_7-5K4UB99BX<?/D:DZMFA#2C$[9L,:M74#C68P  :4[2P<YLS:32Y
M1:3O.HD[@-U++'U!UBHS805(SEBV@^M]P&"P<!LK[O""2"6BAZ$[A\J#A[5(
MHT6H1@[.O=RJ,61,#SIW>,U%A0A9RU9P7P ,4?Z#6\I_#Y%06-!M'=;WC%M!
MO TSQ/VIXXF*0#H#,U35(7_?NA7L6T%#]/_++?W3):;4K%TB5JOW%^U;(0$
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MD'RG*7""+?+F1MP*_D3BTTI5"NR5:(\,-N"@%D[3Y+2?Q-.%.G=!;-D>[K.
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M).'[EX]D3IAX[N">;++WO*+'EC.,'K&VS]YZ-T<_F>L,] +"7=U"IWHIJA:
M9N(>L;P(]$44@F0IMM]?7ER+J=V_1-@U6>#XEJELW-QEV)H;O6^X[:MENS1*
MOWK6)]8+0/<P#%Y=*\MX@U0I2!8C,C)M"X+N@ZYNNN:?^.9B$_]KAE/"M_P?
M4$L#!!0    (  9(:5-DCMLIA@@  'UE   5    <W%F="TR,#(Q,3$P.%]P
M<F4N>&ULU9W?<]LV$L??.W/_ ZL^ZY?=7&LW;L>1K8ZF3NQ:;MJ[EPQ$0A+&
M$* "H"W]]P>0HB*)!+AJ+UHV#XY,+8#]?A8$L21 O_UIM>#1"U6:27'5ZG=Z
MK8B*6"9,S*Y:OXW;U^/!:-2*M"$B(5P*>M42LO73C__Z*K+_WG[=;D=#1GER
M&=W(N#T24_E#]($LZ&7T,Q54$2/5#]%'PE-W1 X9IRH:R,624T/M%WG#E]&;
M3K]'HG8;4.]'*A*I?GL<;>N=&[/4E]WNZ^MK1\@7\BK5L^[$<@&K<&R(2?6V
MMMZJM_F7%W_+F7B^=#\F1-/(\A+Z<J795<NUNVGV];PCU:Q[UNOUNW^\OQO'
M<[H@;28<MYBVBE*NEJIR_8N+BV[V;6%:LEQ-%"_:..\6[FQKMM^R@/V.)YI=
MZLR].QD3DX6]MIG(:^%^:Q=F;7>HW3]KG_<[*YVT"O@9024Y?:33R/UOH[=M
M=:FH9@F32^-"UG5?=P?2=DGK:U9PKNCTJJ7_G!I;_UF_W^]][VK_9L_(K)>V
M:VKF>E8KZNZU[%J@PF1B[^R!O2)T96R'HDE1D6L?[IMAQIEO.DP_:KO>E2YL
M:_9C;KEQI7"&RWBO?>ZB( _$%CTZ8ZUIW)G)EVY"6=<!<!\R$AD%^\NGK*'K
MB3:*Q*:HB9,)Y5G]GZS-@4GW;WLU)7J2=8-4MV>$+'/7*#>Z.)+YV.[U-[WA
MF\WA3^Y\HP[1$YFX8)7<W1@>VAWZO!O6:[7O/U%Q4;']N!?3<A_>6'271-GZ
MVO&<\6UWF"JY\$'<-"B#7DN54&5'UEZO(=3M&4!']J,&D-^Q1:;OH1L.P8[[
MFS"<-28, TZTOI^.C8R?KU<,$HURD7]B4,HJMJ<(;FAV';N1"\*$/R95M@T+
MAJ^#'<2E2LDF('\U'N5+]?C7X=.G,56,:COY6TB1-=?K]/H/1&7SK@>JQG.K
M[SU=3#Y?7G? NRJ.JJ$N'-L1X0L%PM^=B@@<+:G4@_Z_X8DO.N??O<D]NAFD
MBY1;6"]VTI90.UVTI[;U9TE-2OB#K8@J19._&L<OT10PX.?8 ?]RF/]NSSAR
MVEE,=9]LC=6SSGT+8("^5'S\,Z B/B6/4;!>V_83Y\.0DUDUUP,3(-@^*ME*
M65AH;ZB.%5LZ0#6$]RRQKRG'@:X0B31"/-(9<UF3<V6K(3QD>(I@#_)'#2)!
MV4BAN!;"7ED>Z5*JF@CL6P+!?]L(\%4BD7C_FA)EJ.)K"/*2,9#ZFT90]TC%
MFI4H(C1SH"#DR]9 ]/]N!'J?6"3VXSGEW-WF)P+4[ZOL@?R_:P1_O^ &1.#V
MQ4T&K!IX$':* ./P?>/B4)*-% J;JS%I4S@[.-8'H60,Q'_1"/P>J:C@;T4"
MQ;XU!2=4#:)^H!.)^9#IF/#<HZ$]5G5?>\?U"G,H>]QLME8O*O__4*+ ]'>,
MH>QQ$]P:K2<F/TB5VG,F..#XK:'L<5/;.K4GAG\K##-KMZSD0^JYX6S-RE90
MV+CIK$\="N3B9H8P;ME,"/2A)10V;A8;4HD"?& =5H2/1$)7O]!UB'C)%(H<
M-WL-ZD1A_J#8@JCUF,7UXTG9%DH=-V<-*T7!_D16H\2ZS:8L7Y-63]];!!H$
MW(05I!LE%B,12[64.W>M!S*U9^AZ()/@L%]3$!H7W$SV" 8HT;E.$LM-;_YS
M2OJAF%2:@Y]B-2 2 ;T-X7]V'/\S.'_<#+=6;T/XGQ_'_QS.'S?+K=6+R7]@
M/]ZK)_GJ>7SN-8:RQ\UR:[1BDL_\OU</2KZP?$%_'?Y2"6@,FI#\AE6CG@+Y
MC #2_PM+*/@F),+5*C&!/TAM"/\O6]9-1*OMH?";D!*'%)_Z]F;> =Q]$=]:
MJ0,3*&C<++A2UZG9NE K2OP=>M\"2A8WM:U2=6*P=](]E)E+$;PM7+:" L;-
M47WJ3CTXNYUSVCLJ['P-7K2'._0>ZCDQS]\5,]8#MQ<@%9O[09X'>!Y3*&?<
MQ#*H\\3,QY*SF!DF9N^MYXH17@V\R@Y*&S>-]"L\,>H'15W(J9V^9RO6W*Y;
M=3^=^D;GD#T4/6X66:\8-P0CK5.JC@U$12EH.' 32JCZ4P]!-$[MB+CNGTV>
MW&YRSP!4LH)"QTTF?>I.#/F#?%+$O=1BO%Y,)/?OK*DTA*+&31T#&D],>\^/
M:LX')E#"N#ECI2ZDX>)V%<^)F%'_8HQJ2RAIW!PRI!)M?)Z!QN?9D>,S;B[I
M4X<$.5\[;\^Q^PEG,^+?GQ<L -ZKU CT <VGWAZ9;9MR[T92B\R/H?U0S=]C
M"B6/O!4UI//4S-.$&9KD+@V9("*V.=I6AN<&0'TI:"20]ZH"U:,\=_B=<OZ+
MD*]B3(F6@B9YRA!Z]. M @U'$YY[UNA&B<5'R5.+2V6K897GK/"80MDWX7FG
M1R?. M1\K??V^I2_*"^$WE<"&H$F//@,JT9:DF>H>^48>Z$WQ)"-AZ% ^$I
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M+FAT;5!+ 0(4 Q0    (  9(:5.MO)+2;!   $!F   )              "
M ?&Y  !E>#@M,2YH=&U02P$"% ,4    "  &2&E3E'VRNIX9  !_T0  "P
M            @ &$R@  9F]R;3@M:RYH=&U02P$"% ,4    "  &2&E3.J!E
M$.4#   X#P  $0              @ %+Y   <W%F="TR,#(Q,3$P."YX<V10
M2P$"% ,4    "  &2&E39R-HQ3P)  #L:@  %0              @ %?Z
M<W%F="TR,#(Q,3$P.%]D968N>&UL4$L! A0#%     @ !DAI4VRQ8&5:#
MY),  !4              ( !SO$  '-Q9G0M,C R,3$Q,#A?;&%B+GAM;%!+
M 0(4 Q0    (  9(:5-DCMLIA@@  'UE   5              "  5O^  !S
J<69T+3(P,C$Q,3 X7W!R92YX;6Q02P4&      @ " #G 0  % <!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
