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�. y i 201105927 1. Jay T. Lautenschlager, as Optionee, has been granted an option to purchase the interests owned. in said real estate by the Parties of the First Part, as the Optionors, which option is exercisable after the death of Coralee I. Lautenschlager; and 2. Jay T. La.utenschlager, as Gran.tee, has been granted under certain circumstances a right of first offer to purchase the intereats owned in said real estate by the Parties of the First Part, as the Crrantors, which right of first offer is eacistent during the lifetim.e of Coralee I. Lautenschlager, and which shall be provided by Grantors to Grantee prior to the marketing or offering for sale of said real estate. This No�ice is executed. for recording purposes and is intended to put all parties on notice of the Settlement Agreement and the rights of the parties thereunder. Any person or entity taking any interest in the rea.I estate after tlze date of recorda.tion of ttus Notice takes such interest subject to the prior rights of the parties to said Settlemeat Agreement. In the event of a conflict between the terms ofthe Settlement Agreement and this Noiace, the Settlement Agreement shall prevail. Raference is made to thc Settlement Agreement for a complete description of a11 matters referenced i.n this Notice. Dated August � , 2011. Bruce I. Smith, #13884 Leininger, Smith, �ohnson, Baaak, Placzek & Allen 104 N. Wheeler Sireet P.O. Box 790 Grand Is1an��68802-079Q Telep e: (308) 382-1930/ ,� � Bruce �ght, #14623 Cline Williams Wright John & Oldfather, LLP 1900 US Bank Building 233 S. 13th Street Lincoln, NE 58508-2095 Telephone: (402) 474-6900 Attorneys for Parties of the First Part Raf C. Jensen, SZ51 Ba�Holm 1500 Woodm Tower 1700 Farnam St. Omalza, NE 68102-2068 Telephone: (402) 344-0500 Attarn.ey for Parties of the Second Part 2