ACKNOWLEDGEMENT I, Yoed Nir, hereby acknowledge that I have received on loan from Enhanced Education that certain 1927 4/4 Cello by Ettore Soffritt, Ferrara, Italy (the "Cello"). The Cello was received by me in pristine and good working condition. I agree with all terms and conditions described in the above Agreement and understand that I am fully liable for loss or damage which may result from any cause while this agreement remains in force. Throughout the term of this Agreement, I shall ensure that the Cello is not at any time left unattended in any vehicle, and I shall refrain from shipping the Cello or transporting the Cello in any ground, sea or air cargo hold, it being my understanding and agreement hereunder that whenever the Cello is to be transported from one location to another, it shall remain in my possession, custody and control at all times during transport. I further understand and agree hereunder that any repair work to the Cello while in my possession must be approved by Enhanced Education in writing in advance of performing the work and shall only be performed by the highest qualified professionals. I further understand that the Cello must be returned whenever requested by Enhanced Education, but in any event the equipment must be returned or this agreement renewed no later than the End Date (as defined in the above Agreement). 1 // YOED NIR A EFTA01159842