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2 of 3 <br />8.Definitive Contract: This letter is not intended to be contractual in nature and shall not be <br />binding on either party. This letter is only an expression of the basis on which the parties would <br />consider entering into a contract. Purchaser and Seller shall negotiate in good faith for a <br />definitive, written contract formalizing the terms herein and any other necessary terms (the <br />“Definitive Contract”). Neither party shall be obligated unless and until the Definitive Contract <br />is duly executed by authorized representatives of both parti es and delivered to each party. <br />This offer expires at 5pm EST on Tuesday September 24, 2024 <br />If the foregoing terms are acceptable, please sign this letter in the space provided below and <br />return it to me. Thank you. <br />Sincerely, <br />By: <br />Name: Joe DeCola <br />Title: Broker <br />Seller Accepted and Agreed to: <br />By: <br />Name: <br />Title: <br />Date: <br />Docusign Envelope ID: 3C463E50-A0A1-4A1D-A049-77E9D85E0C5D <br />Authorized Agent, <br />Elwood Shopping Center, LLC, a Texas <br />limited liability company <br />SPS Spigel Family Holdings, Ltd., a <br />Texas limited partnership <br />By: SS Spigel General Partner, LLC, a <br /> Texas limited liability company <br />James Iacuone <br />9/23/2024 | 5:59 PM CDT