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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

call Thank you for you assistance with this matter Sincereley, SONY_GM_00173411 EFTA_00 I95066 EFTA01305311 Ray Powell, M.S., D.V.M. State of Vw Mexico COMMISSIONER Commissioner of Public Lands 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE. NEW MEXICO 87504-1148 Cypress Inc. 49 Zorro Ranch Rd

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 gm BASE VALUE X CARRYING CAPACITY X ACREAGE

instrument in the State Land Office. 0-67 04/01/94 SDNY_GM_00173601 EFTA_00195256 EFTA01305501 Ray Powell, M.S., D.V.M. COMMISSIONER State of Vw Mexico Commissioner of Lath 310 OLD SANTA FE 'MAIL P.O. BOX 1148 SANTA FE, NEW MEXICO 87504-1148 June 6, 2012 Cypress, Inc. 9100 Havensight, Port of

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

Saline lemalt • Weter Kennon' • we item Nen Meek* Betimes SDNY_Ght00173653 EFTA_00 I 95308 EFTA01305553 .TRICK H. LYONS COMMISSIONER State of Vw Mexico Commissioner of Public Lands 3I0 OLD SANTA FE WAIL P.O. BOX 1146 SANTA FE. NEW MEXICO 87501.1148 May 8, 2006 Zorro Trust C/O Jeffery E. Epstei