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202203073 partnership, limited liability company, corporation, trust or other entity shall not require Clausen to give notice under this Right of First Refusal and it shall not terminate the rights arising pursuant to this Right of First Refusal. No distribution as a result of a probate or trust administration, assignment, formation of entity or other voluntary transfer or conveyance shall impair Knuth's rights under this Right of First Refusal with respect to a subsequent sale of all or any part of the Clausen Property, and such rights shall be binding on the transferee with the same effect as if such transferee was originally a grantor of the rights granted to Knuth by this Right of First Refusal. 7. Assignment by Knuth. The rights and obligations of Knuth under this Right of First Refusal may not be assigned by Knuth without the prior written consent of Clausen. 8. Notice. All notices and demands herein shall be in writing and shall be deemed sufficiently given when hand delivered or when deposited in the United States mail, postage prepaid, certified mail, return receipt requested, addressed to: Clausen at 3050 W. Guenther Rd., Grand Island, NE 68801, and to Knuth at 3554 W. Wildwood Dr., Grand Island, NE 68803, or at such other address as either party shall notify the other of in writing. 8. Term of Right of First Refusal. Unless otherwise terminated by some other provision of this Right of First Refusal, the term of this Right of First Refusal shall expire on the date which is twenty (20) years after execution of this Right of First Refusal. Upon reaching said date, this Right of First Refusal shall be of no further force or effect and no longer be binding upon the parties. IN WITNESS WHEREOF, the parties have executed this Right of First Refusal the date and year indicated above. Larry/J. I$nuth Karen L. Knuth STATE OF NEBRASKA ) ) ss. County of The foregoing instrument was acknowledged before me this 2022, by Larry J. Knuth and Karen L. Knuth, husband and wife. GENERAL NOTARY - State of Nebraska LAURA L. ROWE My Comm. Exp. August 3, 2025 Notary Page 3 of 4 J � Public i day of April,