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SHALL NOT BE LESS THAN THE MINIMUM RENTAL ESTABLISHED BY SECTION 19-7-29 NMSA 1978 AND SHALL BE PAID IN ADVANCE FOR EACH LEASE YEAR AND RECEIVED IN THE STATE LAND OFFICE ON OR BEFORE OCTOBER 1. THE ANNUAL RENTAL FOR GRAZING LAND SHALL BE DETERMINED AS FOLLOWS : ANNUAL RENTAL BASE VALUE X CARRYING CAPACITY X ACREAGE X

3406 EFTA_00 195061 EFTA01305306 Aubrey Dunn COMMISSIONER Cypress Inc. 49 Zorro Ranch Stanley, NM 87056 State of New Mexico Commissioner of Public Lath 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE, NEW MEXICO 87504-1148 Re: State Agricultural Lease GR-2088 Sublease GR-2088-101 Dear Lessee(s):

HALL NOT BE LESS THAN THE MINIMUM RENTAL ESTABLISHED BY SECTION 19-7-29 NXSA 1978 AND SHALL BE PAID IN ADVANCE FOR EACH LEASE YEAR AND RECEIVED IN, THE STATE LAND OFFICE ON OR BEFORE OCTOBER :. THE ANNUAL RENTAL FOR GRAZING LAND SHALL BE DETERMINED AS FOLLOWS : ANNUAL RENTAL a BASE VALUE X CARRYING CAPACITY X ACREAGE X

sed: 11/1,99 SDNY_GM:00173467 EFTA_00195122 EFTA01305367 PATRICK H. LYONS COMMISSIONER AUGUST 31, 2006 TO: State of Mexico Commissioner of Public Lath 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE, NEW MEXICO 87504-1148 COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nmstate

SHALL NOT BE LESS THAN THE MINIMUM RENTAL ESTABLISHED BY SECTION 19-7-29 NMSA 1978 AND SHALL BE PAID IN ADVANCE FOR EACH LEASE YEAR AND RECEIVED IN THE STATE LAND OFFICE ON OR BEFORE OCTOBER 1. THE ANNUAL RENTAL FOR GRAZING LAND SHALL BE DETERMINED AS FOLLOWS : ANNUAL RENTAL = BASE VALUE X CARRYING CAPACITY X ACREAGE X

II/I/99 SDNY_GM_00173672 _ _ EFTA_00 195327 EFTA01305572 PATRICK H. LYONS COMMISSIONER APRIL 22, 2004 State of New Mexico Commissioner of Public Lath 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE. NEW MEXICO 87504-1148 TO: JERRY ICING, ASSISTANT COMMISSIONER THROUGH: DAVID COSS, FIELD OPERATI