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CASH CHECK u0 REFUNDS: CASH CHECK RECORDED HALL COUNTY NE INST 10211 0 1 2 31 2021114AR 2b A II: Ob KRIS T I WOLD REGISTER OF DEEDS NOTICE AND ACKNOWLEDGEMENT OF EXERCISE AND ALLOCATION OF RIGHTS The Nature Conservancy (TNC), Jerry J. Studnicka and Suellen Studnicka, and Todd Kelley and Heather Kelley, hereby acknowledge and give notice of an allocation and exercise of certain rights provided for in the "Limited Warranty Deed with Reservation of Conservation Easement" granted by The Nature Conservancy, a District of Columbia nonprofit corporation, to Jerry J. Studnicka and Suellen Studnicka, recorded and entered as Instrument No. 201403613 on June 16, 2014 in the Book of Records of Hall County, Nebraska. The property encumbered by the Conservation Easement is more fully described in Exhibit A to the Conservation Easement and in the attached Exhibit A (the "Property"). Pursuant to a Survivorship Warranty Deed from Jerry J. Studnicka and Suellen Studnicka (Grantors) to Todd Kelley and Heather Kelley (Grantees), entered as Instrument No. 202200042 on January 3, 2022, in the Book of Records of Hall County, Nebraska ("Survivorship Deed"), Grantors conveyed to Grantees an approximately 37.99 -acre portion of the Property, as more fully described in the Survivorship Deed and in the attached Exhibit B. In addition, pursuant to a Joint Tenancy Quitclaim Deed from Grantors to Grantees, recorded and entered as Instrument No. 202200043 on January 3, 2022, in the Book of Records of Hall County, Nebraska ("Quitclaim Deed"), Grantors conveyed to Grantees accretion ground adjacent to the portion of the Property conveyed by the Survivorship Deed, which accretions are described more fully in the Quitclaim Deed and in the attached Exhibit C. TNC acknowledges that Grantors had the right under the Conservation Easement to subdivide the Property into two separate, legal transferrable parcels, as Grantors did by the January 3, 2022, conveyance effectuated by the Survivorship Deed and the Quitclaim Deed. Grantors and Grantees acknowledge that the conveyance of that real estate described in the Survivorship Deed and the Quitclaim Deed constitutes the full and complete exercise of rights permitted under paragraph 3.1 of the Conservation Easement. Grantors and Grantees further acknowledge that pursuant to paragraph 3.1 of the Conservation Easement, the Property shall not be further divided, subdivided, or partitioned. Grantors acknowledge that they knowingly and willingly allocated to Grantees the right set forth in paragraph 4.4 of the Conservation Easement to construct one small storage shed, subject to the terms and conditions of paragraph 4.4 and all other applicable provisions of the Conservation Easement. Grantors acknowledge that there is no right to construct a storage shed on the portion of the Property retained by Grantors. Grantors and Grantees acknowledge that the Property remains subject to all other terms and conditions of the Conservation Easement, which remains in full force and effect, and further acknowledge that no other terms or conditions of the Conservation Easement have been exercised or allocated. This Notice may be executed in counterparts, all of which executed counterparts shall together constitute a single document. Signature pages may be detached from the counterparts and attached to a single copy of this Notice to physically form one document. IN WITNESS WHEREOF, TNC, Grantors, and Grantees have executed this NOTICE AND ACKNOWLEDGEMENT OF EXERCISE AND ALLOCATION OF RIGHTS as set forth herein, effective as of the last date written below.