AMENDED AND RESTATED EXECUTIVE EMPLOYMENT CONTRACTExecutive Employment Contract • August 30th, 2013 • PMC Commercial Trust /Tx • Real estate investment trusts • Texas
This Amended and Restated Executive Employment Contract (“Restated Agreement”), which shall amend and restate in its entirety the Executive Employment Contract by and between PMC Commercial Trust, a Texas Real Estate Investment Trust (the “Company”), and Barry N. Berlin (“Executive”) made effective as of December 11, 2012 (the “Agreement”), is made and entered into by the Company and Executive as of August 30, 2013. This Restated Agreement shall become effective as of the closing of the merger transaction associated with that certain Agreement and Plan of Merger dated as of July 7, 2013, as made and entered into by and among CIM Urban REIT, LLC, a Delaware limited liability company, CIM Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of CIM, Company, and Southfork Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Trust (the “Effective Date”).
