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200901122 construed restricting in any way the exercise of any power of appointment granted herein. 12. Situs. All questions relating to the validity, construction, and administration ofthis trust shall be determined in accordance with the laws of the State of Nebraska. 13. Irrevocability. This trust shall be irrevocable, and the Grantor hereby expressly waives all right and power, whether alone, jointly, or in conjunction with others, and regardless of when or from what sources he may heretofore or hereafter have acquired such right or power, to alter, amend, revoke or terminate this trust, or any of the terms hereof, in whole or in part. This trust shall be know as the Wills Reed Trust Fund. Except as l1erein provided, the net proceeds of this trust are to be divided as follows: Eugene Reed Louise Reed Betty Stephens Jerry Reed 12 1/2% 12 1/2% 12 1/2% 12 1/2% Pearl Mead Sam Reed Earl Reed Alice Pratt 12 1/2% 12 1/2% 12 1/2% 12 1/2% If any of the foregoing children of Grace N. Engel shall die, their respective share shall pas to their then living issue, if any, and, if none, to the remaining children of Grace N. Engel. In witness whereof we have executed this instrument. State of Nebraska ) )ss County of ~) On this ZC2. day of 30....., t.lc.. r' 1:i; ,2009, before me, the undersigned Notary Public, duly commissioned and qualified for SaId county, personally came Eugene F. Reed, to me known to be the identical person whose name is affixed to the foregoing instrument and acknowledged the execution thereof to be his voluntary act and deed. Witness my hand and notarial seal on NERAL NOTARY - State of Nebraska III TIMOTHY E. HOEFT ~~.~ My Comm. Exp. March 6, 2011