Resolution No. 3615 Purchase Agreement Elwood Shopping Plaza - Fully Executed

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1 of 3 September 23, 2024 Via Email James Iacuone | CEO Spigel Properties, LLC 1-210-801-8512 (Direct Line) 1-972-965-3040 (Cell) 70 NE Loop 410 #185 San Antonio, TX 78216 RE: Retail Shopping Center at the Corner of Elwood and Portage Road located within South Bend, Indiana Dear Mr. Iacuone, Blair Adams Ret, LLC and/or assigns (“Purchaser”) is interested in purchasing the below- referenced property (the “Property”) on the following terms: 1.Property: The Martin’s Supermarket anchored shopping center located at 1302 Elwood Ave, South Bend, IN 46628 within St. Joseph County. 2.Purchase Price: $1,400,000.00 Buyer reserves right to receive an appraisal within 20 days of fully executed contract. In the event the appraisal comes in below purchase price, Buyer reserves the right to cancel contract within 3 days of receiving appraisal. 3.Earnest Money: $25,000; which shall be deposited with Fidelity National Title Company at 4215 Edison Lakes Pkwy, Suite 115 in Mishawaka, IN 46545 4.Inspection Period: Purchaser accepts the property in “As Is-Where Is” condition. 5.Closing: Within 60 days from date of fully executed contract. 6.Broker: Joe DeCola is acting as Buyer’s Broker and assisting Buyer for this proposed transaction. Seller hereby agrees that it will pay a sales commission of 3% of the Purchase Price to Broker at Closing. 7.Instruments: In the event Purchaser requests or requires modifications to any existing recorded instruments or access easement agreements affecting cross-access or cross-parking for the Property, or Purchaser requests or requires any new access easement agreement(s) addressing the same, for Purchaser’s intended development of the Property or to protect Purchaser’s interests, Seller shall reasonably cooperate with Purchaser to agree upon and obtain such items. Docusign Envelope ID: 3C463E50-A0A1-4A1D-A049-77E9D85E0C5D