Chart of Structure of PMC Commercial Trust and itsSubsidiaries after the Merger
EX-10.4 6 d565081dex104.htm EX-10.4 EX-10.4
Exhibit 10.4
Annex D
Chart of Structure of PMC Commercial Trust and its Subsidiaries after the Merger
| 1. | Following the Merger, CIM Urban Partners GP, LLC and CIM Urban REIT, LLC will own PMC Commercial Trust Common Shares and PMC Commercial Trust Preferred Shares representing approximately 97.8% of the total outstanding PMC Commercial Trust Common Shares (assuming conversion of the PMC Commercial Trust Preferred Shares). The pre-Merger Common Shareholders of PMC Commercial Trust will own the remaining 2.2% of the total outstanding PMC Commercial Trust Common Shares (assuming conversion of the PMC Commercial Trust Preferred Shares). |
