SEC Filing | Creative Media & Community Trust Corporation

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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

CIM Commercial Trust Corporation
(Name of Issuer)

Common Stock, $0.001 par value
(Title of Class of Securities)

125525584
(CUSIP Number)

Greg Morillo

c/o Lionbridge Capital I LP

600 Madison Avenue, 24th Floor

New York, New York 10022

(212) 300-8003
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

With a Copy to:

Robert E. Robotti

Robotti & Company, Incorporated

One Grand Central Place

60 East 42nd Street, Suite 3100

New York, NY 10165-0057

(212) 986-4800

Michael L. Ashner

Winthrop Realty Partners, L.P.

Two Liberty Square

9^th Floor

Boston, MA 02109

617-570-4600

June 10, 2021
(Date of Event Which Requires Filing This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f), or Rule 13d-1(g), check the following box. [ ]

CUSIP No.: 125525584

Page 2 of 26

1.	Name of Reporting Persons Lionbridge Capital I, LP*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 183,339
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 183,339
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 183,339
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1.23%
14.	Type of Reporting Person PN

* The information relating to the Shares disclosed in this Statement is as of June 10, 2021, and is based on 14,847,742 Shares outstanding as of May 6, 2021, with percentages calculated in accordance with the requirements of Rule 13d-3 under the Act. See Item 5 for details.

CUSIP No.: 125525584

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1.	Name of Reporting Persons Lionbridge Capital, LP*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 60,761
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 60,761
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 60,761
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) Less than 1%
14.	Type of Reporting Person PN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Lionbridge Capital GP, LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 183,339
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 183,339
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 183,339
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1.23%
14.	Type of Reporting Person OO

CUSIP No.: 125525584

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1.	Name of Reporting Persons Lionbridge GP, LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 60,761
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 60,761
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 60,761
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) Less than 1%
14.	Type of Reporting Person OO

CUSIP No.: 125525584

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1.	Name of Reporting Persons Lionbridge Asset Management, LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 244,100
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 244,100
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 244,100
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1.64%
14.	Type of Reporting Person OO

CUSIP No.: 125525584

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1.	Name of Reporting Persons Greg Morillo*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 244,100
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 244,100
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 244,100
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1.64%
14.	Type of Reporting Person IN, HC

CUSIP No.: 125525584

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1.	Name of Reporting Persons The Ravenswood Investment Company L.P.*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 293,415
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 293,415
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 293,415
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1.98%
14.	Type of Reporting Person PN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Ravenswood Investments III, L.P.*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization New York
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 174,135
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 174,135
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 174,135
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1.17%
14.	Type of Reporting Person PN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Ravenswood Management Company, LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization New York
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 467,550
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 467,550
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 467,550
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 3.15%
14.	Type of Reporting Person HC

CUSIP No.: 125525584

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1.	Name of Reporting Persons Robotti & Company Advisors, LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization New York
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 467,550
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 467,550
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 467,550
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 3.15%
14.	Type of Reporting Person IA, OO

CUSIP No.: 125525584

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1.	Name of Reporting Persons Robotti & Company, Incorporated*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization New York
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 467,550
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 467,550
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 467,550
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 3.15%
14.	Type of Reporting Person HC, OO

CUSIP No.: 125525584

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1.	Name of Reporting Persons Robert E. Robotti*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 467,550
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 467,550
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 467,550
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 3.15%
14.	Type of Reporting Person IN, HC

CUSIP No.: 125525584

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1.	Name of Reporting Persons Thomas D. Ferguson*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) OO
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 0
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 0
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 0%
14.	Type of Reporting Person IN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Mark C. Gelnaw*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) OO
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 0
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 0
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 0%
14.	Type of Reporting Person IN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Raymond V. Marino II*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) OO
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 0
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 0
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 0%
14.	Type of Reporting Person IN

CUSIP No.: 125525584

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1.	Name of Reporting Persons John S. Moran*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) PF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 35,859
		8.	Shared Voting Power 0
		9.	Sole Dispositive Power 35,859
		10.	Shared Dispositive Power 0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 35,859
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) Less than 1%
14.	Type of Reporting Person IN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Winthrop Realty Partners, L.P.*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Maryland
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 148,976
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 148,976
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 148,976
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1%
14.	Type of Reporting Person PN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Winthrop Strategic Real Estate Fund, L.P.*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) WC
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 100
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 100
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 100
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) Less than 1%
14.	Type of Reporting Person PN

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1.	Name of Reporting Persons Winthrop Strategic Real Estate Fund GP LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 100
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 100
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 100
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) Less than 1%
14.	Type of Reporting Person PN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Winthrop Debt Partners LLC*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____
6.	Citizen or Place of Organization Delaware
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 100
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 100
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 100
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) Less than 1%
14.	Type of Reporting Person PN

CUSIP No.: 125525584

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1.	Name of Reporting Persons Michael L. Ashner*
2.	Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ]
3.	SEC use only
4.	Source of Funds (see instructions) AF
5.	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) X
6.	Citizen or Place of Organization United States
Number of Shares Beneficially Owned By Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 149,076
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 149,075
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 149,075
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ]
13.	Percent of Class Represented by amount in Row (11) 1%
14.	Type of Reporting Person IN

CUSIP No.: 125525584

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Explanatory Note

The Reporting Persons filed an amended and restated Schedule 13D with the Securities and Exchange Commission (SEC) on May 27, 2021, which was amended by Amendment No. 2, as filed with the SEC on June 10, 2021 (collectively, the “Amended Schedule 13D”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Amended Schedule 13D.

The Amended Schedule 13D is hereby amended as follows:

Item 4.

Purpose of Transaction

Item 4 of the Amended Schedule13D is hereby supplemented as set forth below.

On June 10, 2021, the Reporting Persons requested that the Board of Directors of the Issuer (the “Board”) grant a waiver (the “Waiver”) with respect to the “Aggregate Stock Ownership Limit” and the “Common Stock Ownership Limit” as set forth in the Issuer’s charter to permit each of the Reporting Persons to acquire, after aggregating their respective beneficial ownership or constructive ownership of shares of capital stock with the other Reporting Persons: (i) up to 19.9% in value or in the number of shares, whichever is more restrictive, of the aggregate of the outstanding shares of capital stock, excluding any outstanding shares of capital stock not treated as outstanding for federal income tax purposes and (ii) up to 19.9% in value or in number of shares, whichever is more restrictive, of the aggregate of the outstanding shares of common stock of the Issuer excluding any outstanding shares of common stock not treated as outstanding for federal income tax purposes. The letter requesting the waiver is attached hereto as Exhibit 99.9 and is incorporated herein by reference.

Item 5.

Interest in Securities of the Issuer.

Item 5 of the Amended Schedule13D is hereby supplemented as set forth below.

No Reporting Person has not entered into any transactions in securities of the Issuer since June 7, 2021.

Item 7.

Material to be Filed as Exhibits

Item 7 of the Amended and Restated 13D is hereby amended and restated as set forth below.

Exhibit 99.1 Agreement, dated as of November 20, 2020, by and between Lionbridge Capital and Robotti Advisors - Previously Filed.

Exhibit 99.2 Joint Filing and Solicitation Agreement, dated as of December 31, 2020, by and among each of the Reporting Persons - Previously Filed.

Exhibit 99.3 Press Release, dated January 13, 2021, and text of referenced letter to the Issuer, dated January 13, 2021 - Previously Filed.

Exhibit 99.4 Form of Indemnification Letter Agreement - Previously Filed.

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Exhibit 99.5 13D Group Agreement – Previously Filed.

Exhibit 99.6 Press Release and Letter to Stockholders dated May 25, 2021 – Previously Filed.

Exhibit 99.7 Joinder Agreement to 13D Group Agreement – Previously Filed.

Exhibit 99.8 Press Release dated June 9, 2021 – Previously Filed.

Exhibit 99.9 Letter to Issuer dated June 10, 2021 – Filed Herewith.

CUSIP No.: 125525584

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SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: June 11, 2021

Lionbridge Capital I LP

By: Lionbridge Capital GP, LLC, its

General Partner

By: /s/ Greg Morillo

Name: Greg Morillo

Title: Managing Member

Lionbridge Capital LP

By: Lionbridge GP, LLC, its

General Partner

By: /s/ Greg Morillo

Name: Greg Morillo

Title: Managing Member

Lionbridge Capital GP, LLC

By: /s/ Greg Morillo

Name: Greg Morillo

Title: Managing Member

Lionbridge GP, LLC

By: /s/ Greg Morillo

Name: Greg Morillo

Title: Managing Member

Lionbridge Asset Management, LLC

By: /s/ Greg Morillo

Name: Greg Morillo

Title: Managing Member

Ravenswood Management Company, LLC

By: /s/ Robert E. Robotti

Name: Robert E. Robotti

Title: Managing Director

The Ravenswood Investment Company L.P.

By: Ravenswood Management Company, LLC, its General Partner

By: /s/ Robert E. Robotti

Name: Robert E. Robotti

Title: Managing Director

Ravenswood Investments III, L.P.

By: Ravenswood Management Company, LLC, its General Partner

By: /s/ Robert E. Robotti

Name: Robert E. Robotti

Title: Managing Director

Robotti & Company Advisors, LLC

By: /s/ Robert E. Robotti

Name: Robert E. Robotti

Title: President and Treasurer

Robotti & Company, Incorporated

By: /s/ Robert E. Robotti

Name: Robert E. Robotti

Title: President and Treasurer

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Winthrop Realty Partners, L.P.

By: /s/ Michael L. Ashner

Name: Michael L. Ashner

Title: Chief Executive Officer

Winthrop Strategic Real Estate Fund, L.P.

By: Winthrop Strategic Real Estate Fund GP LLC

General Partner

By: Winthrop Debt Partners LLC

Sole Member

By: /s/ Michael L. Ashner

Name: Michael L. Ashner

Title: Chief Executive Officer

Winthrop Strategic Real Estate Fund GP LLC

By: Winthrop Debt Partners LLC

Sole Member

By: /s/ Michael L. Ashner

Name: Michael L. Ashner

Title: Chief Executive Officer

Winthrop Debt Partners LLC

By: /s/ Michael L. Ashner

Name: Michael L. Ashner

Title: Chief Executive Officer

Individuals:

/s/ Greg Morillo

Greg Morillo

/s/ Robert E. Robotti

Robert E. Robotti

/s/ Thomas D. Ferguson

Thomas D. Ferguson

/s/ Mark C. Gelnaw

Mark C. Gelnaw

/s/ Raymond V. Marino II

Raymond V. Marino II

/s/ John S. Moran

John S. Moran

/s/ Michael L. Ashner

Michael L. Ashner

June 10, 2021

Mr. Richard Ressler Chairman of the Board

CIM Commercial Trust Corporation c/o Corporate Secretary

17950 Preston Road

Suite 600

Dallas, Texas 75252

Dear Mr. Richard Ressler:

Reference is made to the Articles of Amendment and Restatement of CIM Commercial Trust Corporation (“CMCT”) (as amended, the "Charter"). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Charter.

As you are aware, Winthrop Realty Partners, L.P., Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, Winthrop Debt Partners LLC, Michael L. Ashner, Lionbridge Capital, LP, Lionbridge Capital I, LP, Lionbridge Capital GP, LLC, Lionbridge GP, LLC, Lionbridge Asset Management, LLC, Greg Morillo, The Ravenswood Investment Company L.P., Ravenswood Investments III, LP, Ravenswood Management Company, LLC, Robotti & Company Advisors, LLC, Robotti & Company, Incorporated, Robert E. Robotti, Thomas D. Ferguson, Mark C. Gelnaw, Raymond V. Marino II and John S. Moran (collectively, the "Group"), filed collectively, as a group, a Schedule 13D, and amendments thereto, with the Securities and Exchange Commission with respect to their respective ownership of shares of Common Stock of CMCT.

This letter shall serve as the Group’s request that the Board of Directors of CMCT (the “Board”) grant a waiver (the “Waiver”) with respect to the Aggregate Stock Ownership Limit and the Common Stock Ownership Limit as set forth in the Charter to permit each of the members of the Group to acquire, after aggregating their respective Beneficial Ownership or Constructive Ownership of shares of Capital Stock with the other members of the Group: (i) up to 19.9% in value or in the number of shares, whichever is more restrictive, of the aggregate of the outstanding shares of Capital Stock, excluding any outstanding shares of Capital Stock not treated as outstanding for federal income tax purposes and (ii) up to 19.9% in value or in number of shares, whichever is more restrictive, of the aggregate of the outstanding shares of Common Stock of CMCT excluding any outstanding shares of Common Stock not treated as outstanding for federal income tax purposes (collectively, the “Excepted Holder Limit”). We note that the Excepted Holder Limit requested herein reflects a request by the Group that it be subject to the same percentage limit enumerated in the waiver granted by the Board to affiliates of CIM Group, L.P.

In connection with the Waiver requested hereby, each of the members of the Group hereby represents that:

(i)	None of the members of the Group, other than Messrs. Ashner, Morillo, Robotti, Ferguson, Gelnaw, Marino and Moran, is an individual for purposes of Section 542(a)(2) of the Internal Revenue Code (determined after taking into account Section 856(h) of the Internal Revenue Code);

(ii)

no Person that (a) is a direct or indirect owner of any of the members of the Group and (b) is treated as an individual under Section 542(a)(2) of the Code (determined after taking into account Section 856(h) of the Code) Beneficially Owns or Constructively Owns, or in the future will Beneficially Own or Constructively Own, Capital Stock in excess of the Aggregate Stock Ownership Limit or the Common Stock Ownership Limit; and

(iii)

no Person that is a direct or indirect owner of any of the members of the Group Constructively Owns, or in the future will Constructively Own, Capital Stock in excess of the Aggregate Stock Ownership Limit or the Common Stock Ownership Limit.

In light of the anticipated Rights Offering by CMCT, we would request a prompt granting of this Waiver particularly in light of the fact that our representations above would alleviate the basis for the inclusion of the Aggregate Stock Ownership Limit and Common Stock Ownership Limit in the Charter to ensure CMCT satisfies the 5/50 rule for real estate investment trusts.

To the extent that the Waiver is not granted by the Board, this letter shall immediately become void and have no further legal force or effect.

On behalf of the Group,

Very truly yours,

/s/ Michael L. Ashner

Michael L. Ashner

Winthrop Realty Partners, L.P.

cc: Mr. Douglas Bech

Ms. Marcie D. Edwards

Mr. Kelly Eppich

Mr. Frank Golay, Jr.

Mr. Shaul Kuba

Mr. Avraham Shemesh