ER- a i?-)-- Please indicate the person and/or party that you wish our field representative to contact relative io this Iplication to sublease: Name: ?Dna? 10 &lapin._ Address: Home Telephone No. 606 63P X115 Business Telephone No. ri) caCi °C ate. Include 20% (twenty-percent) of the yearly rental with completed Sublease Application Form. The minimum fec for subleasing is $50.00 (fifty dollen). Educti E do solemnly swear (or affirm) that statements and answers to the. ns in this application arc true and correct to the ben o knowledge and belief. ANY FALSE STATEMENTS CONTAINED WILL SU MY LEASE OR LEASES TO CANCELLATION. Signed: Lessee day Ad) SU7RII3ED AND SW9.12N to before tau this A' Or , by 124-P-,7 (name of Agricultural Lessee} MY COMMISSION EXPIRES: 2024 , HARRY I. SELLER /Notary Public Notary Pub.1lic, State of New York No118W353924 Qualified in Rockland County„ Commission Expires Feb. 17, 2C P ;-r -}-n IC. U. Lir> P1/4.1 . COMMISSIONER OF PUBLIC LANDS. do hereby grant the lessae(s) listed above perrniesien to sublease the above described land. L I- ' APPROVED THIS I day of M 14- 1/41 01 (Revised 01/2001) 1 IS I ISCOOSLM ( Ce. 20 Of) . 13 0x-÷Ct.C.k - COMMISSIONER OF PURL il: IZ 031 90./ZI/Y SDNY_Ght00173652 EFTA_00 195307 EFTA01305552

.?RICK H. LYONS COMMISSIONER State of New Mexico Commissioner ofPadhc Lands MO OLD SANTA FE TRAIL BOX 1148 SANTA FE, NEW MEXICO 875044 148 May 8, 2006 Zorro Trust C/O Jeffery E. Epstein 457 Madison Ave. New York, NY 10022 Re: State Agricultural Lease No. GR-2122 (Sublease No. GR-2122-0001) Dear Lessee(s): COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827.5766 www.nmstatelands.org Please find enclosed a copy of your approved sublease application. Your sublease commenced on October 1, 2005 and will expire on September 30, 2006. If you have an uestions, please feel free to contact me at the address above or at Sincerely, Leroy A. Ulibarri Surface Resources Division NM State Land Office end. -Stole Land Office Beneliefariet • CMS Tinley BosMul • Clarinble Petal & Reform • Common Senn* • EartemNM Uritrrany • Rio Graf* Impret !nem • Mktn Hospital of NM •NM Boys Sthbal • NM Malan& Unvenior • NM /renew of Minas & Tech.:44y • New Mahe Mitsui). laultice•NM Sebeel for the Deaf • NM Scheel for the Viseally Handicapped • MA Stare &vial • New Whim &me Usiwnity • Mantra NM Conwanity Cohn • NMICIllbly of New Mtuco • Publr Boildiogs no Capital • Sap Park Comoduion • Wheezily of New Mexico • 1.R4M 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. Epstein 457 Madison Ave. New York, NY 10022 Re: State Agricultural Lease No. GR-2122 (Sublease No. GR-2122-0001) Dear Lessee(s): COMMISSIONER'S OFFICE Phone (505) 827.5760 Fax (505) 827-5766 www.nmstatelonds.org Please find enclosed a copy of your approved sublease application. Your sublease commenced on October 1, 2005 and will expire on September 30, 2006. If you have an uestions please feel free to contact me at the address above or at Sincerely, PN, Leroy A. Ulibarri Surface Resources Division NM State Land Office end. -Sate land Office litentlkisries • Cara Tiogky HospMal • Charitable Peal @ Reform • COMM* SOMAS • Went NM Winn's). • Rio Grade hopeontret • Mime's' Noon: of NM WM Boys School • CM Malta@ Uhvenhy • NM Inclose of Mislay tis Teattoioety • New Make MAtny intema•NM Wool for the Daf • NM School for the Venally Nornkroopal • NM Slit Nurial • New Mexico Su* theiversity • Northern NM Conenutity Carr • Penetemiaty of New Wake. • Put& Stelleloys at Copia' • Sulu Pak Cecnniission • UnIseniiy0 Nein Mexico • UNM Saline Leads • Wan Resercoin • tilemeallictMeelte Ihiversity Ciin V27/ ,'"'“' SDNY_GM_00 173654 EFTA_00 195309 EFTA01305554

PATRICK H. LYONS COMMISSIONER State of New Mexico Commissioner ofPubric Lands 310 OLD SANTA PE TRAIL P.O. BOX 1148 SANTA FE. NEW MEXICO 87509-1148 May 1, 2006 Zorro Trust C/O Jeffery E. Epstein 457 Madison Ave New York, NY 10022 COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nmstatelands.org Re: State Agricultural Leases No. GO-2088 & GO-2122 Dear Lessee(s): Enclosed please find 2 Applications to Validate Improvements. While on other field evaluations on the Zbrro Trust Ranch the District Resource Manager noticed several unauthorized improvements. If you would like to have these unauthorized improvements added to your lease, please fill out the enclosed applications. Please be aware that the applications for approval of unauthorized improvements does not necessarily guarantee that the improvements will be authorized or that the value allowed will be equal to 100% of the value estimated by the State Land Office. Our District Resource Manager will investigate the situation on site and make a recommendation. Please feel free to contact me at the address above or at you have any questions or need further assistance. Sincerely, Leroy A. Ubbarri Surface Resources Division NM State Land Office -Stele ]hod Office Benellcieria • Ca 7sislry Nospiul • Clorhsbk Pool & Reform • Common Sticok • Easier* NM Ihwasity • Rio Gnu* Imports:cm • Mien' Howls) of NM •NM Bois Sekol • NM High/sods Univenny • NM *rime of Million & Torimolosy • New Moak, AGSweyjS•NM &Most tot the Oaf • NM School foe ite Visually HantStipped • NM Slue Hospital • New &Naito Soto UniversimeWmfreiNtScarkfitContfii . s: twiny of New Mexico • horse &WM op in Csill& • Sur Pad Commission • Uthereley of New Make • UNM Saline Lase' •Oidib SteMevoies • Nun New Mimeo Lineman), SDNY_GM_00173655 EFTA_00195310 EFTA01305555

PATRICK H. LYONS COMMISSIONER State of New Mexico Commissioner of agic Lands 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE, NEW MEXICO 87504-1148 May 1, 2006 Zorro Trust C/O Jeffery E. Epstein 457 Madison Ave New York, NY 10022 COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nmsIaletands.org Re: State Agricultural Leases No. GO-2088 & GO-2122 Dear Lessee(s): Enclosed please find 2 Applications to Validate Improvements. While on other field evaluations on the Zorro Trust Ranch the District Resource Manager noticed several unauthorized improvements. If you would like to have these unauthorized improvements added to your lease, please fill out the enclosed applications. Please be aware that the applications for approval of unauthorized improvements does not necessarily guarantee that the improvements will be authorized or that the value allowed will be equal to 100% of the value estimated by the State Land Office. Our District Resource Manager will investigate the situation on site and make a recommendation. Please feel free to contact me at the address above or at if you have any questions or need further assistance. Sincerely, 9-16017, - Leroy A. Ulibarri Surface Resources Division NM State Land Office -State Land Office Beneficiaries - Carne Bask, Hospital • Charitabk POW & WWII • Common Schools • Easton NM Unithrtity • Rio Grande Houthe wens • Minn' Homed of NM •NM Boys School • NM Nighbrals Uthwisity • NM Institute of Miming & Tectookly • New Make MiktuaRtitar•NM School for the Deaf • NM Schaal for the Visualiy Handicapped • NM Suet Kenosha • New Meath Sloe Uaimsity • aMphifts ryhtsCliNneMeeir Calk* h'Penienthwy cat* Menet • Pah* Wisp se Capasi • Snit Pwk Commission • Wive:My of New Moths • UNM Seine Leaf. W4IU Rtherthin • Mutes, New Moths Wave:shy SDNY_GM_00173656 EFTA_0019531 I EFTA01305556

ZORRO RANCH 49 ZORRO RANCH ROAD STANLEY, NM 87056 TELEPHONE FAX: E MAIL: April 20, 2006 New Mexico State Land Office Surface Resource Division 311 Old Santa Fe Trail PO Box 1148 Santa Fe NM 87504-1148 Reference GR — 2088 & OR -2122 Attention Leroy Dear Leroy, As per our conversation and you fax 4/10/06 reference submitting Application Sublease State Trust Land, attached you will find 2 separate applications for OR 2088 & GR 2122, completed as per the additions you required i.e. signing J. E Epstein. Thank you for your patience in this matter and hope that this completes all the changes and additions that you require, if you have any questions or concerns please call Sincerely p-1) Ranch Manager /23/2006 1:L0SCAll 5 SDNY_GM_00173657 EFTA_00195312 EFTA01305557

ZORRO RANCH 49 ZORRO RANCH ROAD STANLEY, NM 87056 April 20, 2006 New Mexico State Land Office Surface Resource Division 311 Old Santa Fe Trail PO Box 1148 Santa Fe NM 87504-1148 Reference GR — 2088 & GR -2122 Attention Leroy Dear Leroy, As per our conversation and you fax 4/10/06 reference submitting Application Sublease State Trust Land, attached you will find 2 separate applications for GR 2088 & OR 2122, completed as per the additions you required i.e. signing 7. E Epstein. Thank you for your patience in this matter and hope that this completes all the changes and additions that you require, if you have any questions or concerns please call Sincerely . , • c:> Ranch Manager etosC Al4 fill 3/2006 SDNY_GM_00173658 EFTA_00 I 953B EFTA01305558

. ATRICK H. LYONS COMMISSIONER State of Vw Mexico Commissioner of Public Lands 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE. NEW MEXICO 87504-1148 Tune £. "004 Zorro Trust 457 Madison Avenue New York, NY 10022 Attn: Jeffrey E. Epstein Re: State Agricultural Lease GR-2 I 22 Dear Mr. Epstein: COMMISSIONER'S OFFICE Phone (505) 827-5760 Fox (505) 827-5766 www.nmaamlands.org Please fmd enclosed an approved copy of your improvement application. Note that the Commissioner has chosen to grant you 25% of the value for the improvement. Please be aware that the Commissioner must give prior approval to placing any type of improvement to state trust land. I am enclosing additional improvement application forms which may be used to apply for an new im rovement(s) in the future. If you have any uestions lease contact me at or Jerry King, Assistant Commissioner at Sincerely, Mary DilBose Surface Resources Division End: as stated "WORKING' FOR EMOCAnroN" 4.0.mo tmer• SDNY_GM_00173659 EFTA_00 195314 EFTA01305559

4TRICK H. LYONS COMMISSIONER State of New Mexico Commissioner of Lands 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE. NEW MEXICO 87504.1148 Jun g. 7004 - Zorro Trust. 457 Madison Avenue New York, NY 10022 Ann: Jeffrey E. Epstein Re: State Agricultural Lease GR-2122 Dear Mr. Epstein: COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nmstatelands.org Please find enclosed an approved copy of your improvement application. Note that the Commissioner has chosen to grant you 25% of the value for the improvement. Please be aware that the Commissioner must give prior approval to placing any type of improvement to state trust land. I am enclosing additional improvement application forms which may be used to apply for an new im rovement(s) in the future. If you have any estions lease contact me at or Jerry King, Assistant Commissioner at . Sincerely, Mary D Bose Surface Resources Division End: as stated "WORKING FOR fibERATION" SDNY_Ght00173660 EFTA_00195315 EFTA01305560

To: New Mexico State Land Office From: Jeffrey E. Epstein, Trustee of Zorro Trust Date: March 25, 2004 We respectfully submit for the approval and consent of the Commissioner of Public Lands the enclosed original Application for Permission to Make Improvements of Zorro Trust, in triplicate, relating to the Public Lands in Lease No. GR2122, together with a check for the application fee in the amount of $30 payable to the Commissioner of Public Lands. Please direct an comments or questions you may have regarding the Application to Mr. Brice Gordon . If the Application is acceptable, please forward an original copy of the Application with the Commissioner's consent provided thereon to Mr. Gordon at 49 Zon-o Ranch Road, Stanley, New Mexico 87056. We thank you for your consideration. .1171 '3d vnivs 301430 ONfl 31VIS 90 8 YU 62 Ililli Moe 03/0J028 SDNY_GM_00173661 EFTA_00 I 95316 EFTA01305561

To: New Mexico State Land Office From: Jeffrey a Epstein, Trustee of Zorro Trust Date: March 25, 2004 We respectfully submit for the approval and consent of the Commissioner of Public Lands the enclosed original Application for Permission to Make Improvements of Zorro Trust, in triplicate, relating to the Public Lands in Lease No. GR2122, together with a check for the application fee in the amount of $30 payable to the Commissioner of Public Lands. Please direct an comments or questions you may have regarding the Application to Mr. Brice Gordon . If the Application is acceptable, please forward an original copy of the Application with the Commissioner's consent provided thereon to Mr. Gordon at 49 Zorro Ranch Road, Stanley, New Mexico 87056. We thank you for your consideration. Jan: ..t.u4vs 3014io onvi gins 90 8 Liu 62 yin j hOot 0:13Ai o3d SONY_GM_00173662 EFTA_00 I 95317 EFTA01305562

t .tICK H. LYONS COMMISSIONER StatedoPtcw Mexico Commissiwner of Public Lands 3101/41DLD SANTA FE TRAIL F P.O. BOX 1148 SANTA P3.; NEW MEXICO 87504-1148 Zorro Trust C/O Jeffrey E. Epstein 457 Madison Ave. New York, NY 10022 Re: State Agricultural Lease;Ro. GR-2122 Dear Mr. Epstein: COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nmstatelands.org March 30, 2004 This office has received yrsur application for Permission to Make Improvements. Please be aware that you should not begin your improvement project until you receive the application back with the Commissioner's signature. Any improvement(s) placed without the Commissioner's approval is considered unauthorized. This office will send a District Resource Manager to inspect your proposed improvement on mite and to make a recommendation. Typically, At takes four to sirweeks until we can approve or disapprove the application. If you have uestions *ease feel free to contact me at the address above or at Sincerely, LW, Y. hithe -Lucille V. Martinez -Surface Resources Divisi NM State Land Office "WORKING FOR EDUCATION" SON Y_Ght00173663 EFTA_00195318 EFTA01305563

HOC H. LYONS LOMMISSIONER State:to/Wm Mexico Commissioner onabliciands M00:DLO SANTA FE TRAIL FP.O. BOX 1148 SANTA tom: NEW MEXICO 87504-1148 Zorro Trust C/0 Jeffrey E. Epstein 457 Madison Ave. New York, NY 10022 Re: State Agricultural Leasellb. GR-2122 Dear Mr. Epstein: COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nntstatelands.org March 30, 2004 This office has received yanar application for Permission to Make Improvements. Please be aware that you should not begin your improvement project until watt receive the application back with the Commissioner's signature. Any improvement(s) placed without the Commissioner's approval is considered unauthorized. • This office will send a District Resource Manager to inspect your proposed improvement on site and to make a recommendation. Typically, it takes four to sissweeks until we can approve or disapprove the application. If you have an uestions pikase feel free to contact me at The address above or at Sincerely, tills 1! Ault, -Lucille V. Martinez Surface Resources Divisi NM State Land Office "WORKI.VG FOR EDUCATION" SDNY_GA4_00173664 EFTA_00195319 EFTA01305564

APPROVAL DATE • NEW MEXICO STATE LAND OFFICE APPLICATION FOR PERMISSION TO MAKE IMPROVEMENTS (Please complete in ink) UcrFrcy Er s-Et i of Zorro I r u st herewith make application for the written consent of the Commissioner of Public Lands to make improvements on the lands in Lease No. G 82122 , described below. Designated contact person: Bri cc. G ordoh Phone No. SUBDIVISION SEC. TWP. RGE. ACRES 6E / sw'/4 If any or all proposed improvements are to be built under a federal cost-share program, please indicate which program or programs are involved and give actual cost of each item. Well (give depth and description) Value $ Fences (gite length, i.e., miles or footage and kind) Value $ Windmill Value $ Other improvements (describe): Placement of ca, Dritnrir nib Fe ea/ /rood Value $ Ccipo e Oh, S. 481s S ISTYM ON ecZet ;8„j reacts; .7,•,:tr ai te4 n 042,0..5 AX f:3714 Value Irc,,,"" pc, jyr.2;;"%pa. --1,1" X ^,:.:, -: era wii i, e. i7.-4,....ctri 4+1 hf. 2- 5.64.:+1,.q7 Value $ -79: ..., A.,—.7 pr-i ,A. (I bee•Sill - -, 7-Eivia rs )::f7.2. 1.17;a eirteLAI e.I i s ad n: TOTAL VALUE OF IMPRO Value S 9 Li . °Cid. Amount to be defrayed by federal cost-share program, if any List name of cost-share program(s): ra t Total economic cost expended by LESSEE Value $ H 4 000 Estimated tim pietion: One Month z.oeR.o ert-o4 a- ocesn LESSEE . • , Commissioner of Public Lands, hereby give my consent to the above lessee(s) to make improvements as listed above, conditioned upon the completion of such improvement(s) on or before Jti/y 20 D to . 'WE '33 VINVS g 7 , 331430 U111 .3 01M1h1 19 ItySIONFROFetUrIC 7(dX S S-09 (Revised 1/2001) APPLIM70% tirdS3L0 861 Appall/0j radtat d 025% Ataud03A1B038 FE2E0S 0 29_040_04 00:43UHR0 001-00604 (--fitst_ 4- t5 -O1 30. no SDNY_GM_00173665 EFTA_00 I 95320 EFTA01305565

NEW MEXICO STATE LAND OFFICE APPLICATION FOR PERMISSION TO MAKE IMPROVEMENTS (Please complete in ink) icFrey ifs of leer ro ru st herewith make application for the written consent of the Commissioner of Public Lands to make improvements on the lands in Least No. G R2.122. , described below. Designated contact person: -Bin cc. Got-clot, Phone No. SUBDIVISION SEC. TWP. RGE. ACRES 6E 1/4 SW 141- 2 I 2_N SE If any or all proposed improvements are to be built under a federal cost-share program, please indicate which program or programs are involved and give actual cost of each item. Well (give depth and description) Value $ Fences (give length, i.e., miles or footage and kind) Value $ Windmill Value $ Other improvements (descnbe): Place/rat of ni _yintnrir Snnto It C. frocacd Value $ riC 11 pnrl P de 4; i8 pi '3N rd, ,,s CPA reavairttr7 itg.tide,r2.91,5ega Value $ 4" OM pa ire cecte-_,Th 04, Ti. eel. veil!. LI, a ittrr-rf7 c i r74, 4,,,•:-1-97 Value $ poet. WO %, f A.0 I Pal pr Vi.jj wil d& icr td 5 rav rad - TOTAL VALUE OP IMPRO $ 4/4 00C Amount to be defrayed by federal cost-share program, if any Value $ List name of cost-share program(s): Total economic cost expended by LESSEE Value $ q _POO Estimated tim pletion: One Month zocrx LE E LESSEE I, P44-a 4 Ili 46-4°- , Commissioner of Public Lands, hereby give my consent to the abOve lessee(s) to make improvements as listed above, conditioned upon the completion of such improvement(s) on or before „My / 20 • APPROVAL ci A DATE S-09 (Revised 1/2001) Af firdati vi 025% „../ ...macti03A13038 (Ma. 6 -d!5 "trK VINVS V 301.140 Ultrl a IV IS for-4-el COMMI$S1ONER OF PUBLIC L ,a0,„ 8 618 6Z MI ig APPLIL" siON FEE $30.00 FEES 4 tiliSLO 001-00004 20 0 29-TSAR-04 00;43 30.00 SDNY_GM_00173666 EFTA_00 195321 EFTA01305566

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unty, Township • --3905 Toonwhip_ Ring' Touroshf Township Etstne Fora I0(-IFour on Tomohloi r • I i--IVO-L:'- i•*ril l;J••• 1- :1 • r :2 -•••-• 71' "- sal 3-1" 3--- i44-1--. • •1 •I••• - • sr 4 • • • ; • • t T . • - .. : .. : : ; , • t" st- erit • 4.. . : • • _ -i-1 41 -• : : • : • • • T• la ‘• -I- + + 1 I 16 ---‘114-•414 ---4- 1 16 ; 15-E 14 1 13 -L • • : . . 4 . . ; ; • s •.r. - •• ... .frar •• . : . ••• 19-71--*20 -rt21 • •• -1—•- 1 1 •.• • • 'sift •S.•;•Is 3 : g t •-f-- i...r., .2 4_ .r .i.. : -.1.-1_:--...I. :- ..4.-1.-1-•-• : : : : I 3; • .: I : : 4 I ....._ ....r 1.... . 1 31 . T 22 1 . 33+w-4' i 34 151-9-• 36.-Eri 3 •-• • : ; : . • : —4. •••••?. : 4 - 1 4- 1--i .: . 4 t : • , 2 2 • 3 -1--1-:-2-:-T-!--1 1 . - • . : . • -..- --;-, „„ 23 • ▪ 7 - 24 1-1» —4— 1 t - .1 • I , . ' : : f ri 3 1-- f 3 : • • : : • : ... .. -+ • • -4- : . a I 17 I 16 • 5 • -1---4-- i : ••• -4-4- : 4 : : • : '1 • • -2 -i-- -4- • I f -L -1••a• -+t • ! 1 I I • _1 1 2 1 1 • - • IP nr-Futt--,4-1—+4 i -t I --1- . • • 20 21 " • -I-1-23 • • 24 • : 1 : 4.. .4.4 .. 4.., . . • I F t 17 . ,,„ : : • 1.1 28 : 27 : 26-!--! • . 25 • ' 304-.-.:-Z9 : : 71-7i : 274- ; 24 : : 25 1 • • : • : ' • : • 3 i . : . . . . . • • : • . • ; • I l• . • • I -"--' 23 -i-• .-34 -fr - -25+---I-34-1- -3-31-•:----1-32-1.....-;•33.4._-_j_34 • 35 • - • 3f - g - :• t: • • • 1 j. : •• : : 2 • : • • • 4.. I • : • • t t 4- • • ••• • sr • . : 7 :•• ••••••• '''.:•• ••• 1 ! • I SONY_GM_00173668 EF1'A_00 195323 0 • • : EFTA01305568

EXHIBIT A LEASE NO: GR2122 SUBDIVISION SEC-TNN-RNO ACREAGE U PRICE S PER 2 UNIT CARRY CAP LOT2 LOT3 LOT4 LOT7 02 12N 092 238.97 0 - 12 SW4NE4 S2NW4 5344 02 1214095 280.00 G - 12 ALL 16 12N 092 640.00 G - 12 TOTAL ACREAGE: 1,158.97 TOTAL RENTAL: RENEWAL LEASE $1,200.90 LEGEND: USE TYPE CODES Ca CONSERVATION RESERVE PROGRAM I. IRRIGATED CROPLAND, Ma 2. DRYLAND FARMING (BID), 3. Ha 1/2 SOUTH FOR TOWNSHIP, H• LAND, Da DRYLAND FARMING, MOBILE HOME ON LAND, Rea RSIP LAND, IRRIGATED CROPLAND(BID) 4. CRP(BID) 1/2 EAST FOR RANGE * CARRYING CAPACITY RATES LISTED ARE BASED ON 640 ACRE PARCELS G. GRAZING, 1. GRAZING (BID), 5• RSIP(BID) SDNY_GM_00 173669 EF-EA_00195324 EFTA01305569

EXHIBIT A LEASE NO: GR2122 SUBDIVISION SEC-TNN-RHO ACREAGE U PRICE PER B UNIT S CARRY CAP • LOT1 SW4NB4 ALL LOT2 92NW4 RENEWAL LEASE LOT3 LOT4 $144 LOT7 02 12N 09E 238.97 G 02 12N 09E 280.00 G 16 12N 09E 640.00 G TOTAL ACREAGE: 1,158.97 TOTAL RENTAL: 12 12 12 $1,100.90 mamba USE TYPE CODES C. CONSERVATION RESERVE PROGRAM I. IRRIGATED CROPLAND, M. 2. DRYLAND FARMING (BID). 3. H• 1/2 SOUTH FOR TOWNSHIP, H. LAND, D. DRYLAND FARMING, MOBILE HOME ON LAND, R. RSIP LAND, IRRIGATED CROPLAND(HID) 4• CRP(BID) 1/2 EAST FOR RANGE • CARRYING CAPACITY RATES LISTED ARE BASED ON 640 ACRE PARCELS G. GRAZING, 1. GRAZING (BID), 5. RSIP(BID) SDNY_GNL00173670 EFTA 00195325 EFTA01305570

r CONFIDENTIAL DOCUMENTS PRIVILEGED AND CONFIDENTIAL MATERIAL-THIS MATERIAL IS NOT TO BE INCLUDED IN ANY LEASE, CONTRACT OR OTHER FILE OR RECORD AVAILABLE TO THE PUBLIC. IT MAY BE DISCLOSED ONLY BY THE EXPRESS WRITTEN ORDER OF THE COMMISSIONER. List of confidential materials redacted from this lease file: §-le__ 2101e)— (A copy of this list may be provided to the public during inspection of public records) 1 ke /.1 A fox 4 14,4,,, mi l, Mofbccs , 37ce,r.4 (MT& -PO ?-2-.144, 2 6e LI .4,te.E.,:- 5., 6,. Ale/ 9 //two r Geezer Qii i t; _ fon) ft-V-Ary 3 A; e a /gad- 5,4L•iki iy Maar ki 7-6:4,-, et:c ( inr6-- .976 ?- 30-100/ 6 7 8 9 10 11 12 13 14 15 16 17 < 18 19 20 SDNY_GAA_00173671 EFTA_00 I 95326 EFTA01305571

.iEW MEXICOSTATE LAND OFFIL REQUEST FOR FIELD ASSIGNMENT TE TO FIELD DIVISION: - 3.0 FIELD DIVISION CONTROL NO. /ift% - REQUESTING DIVISION: Stur -fit Sift'? BY: LC 441141 LEASE NUMBER: 6R- ,21.2.2- TYPE OF REQUEST: p MI/ e e P-4 - NAME OF ru S-1 en) C:e -grey F Eps-lein ADDRESS: L ESSEFJAPPLICANT: I- I- 0 I -- 457 /14adis?in ave., hitid qui e t ; Nvi 16042 .2- DESIGNATED CONTACT: rarfsmt evis On PHONE: ADDRESS: Lorrn Wancieli 6 4-ttnley I NM 81057, LEGAL DESCRIPTION: SECTION COUNT}' /0)-Al 02 Ft; lea e .s Cittatluzi ley] cltceAlpion. REMARKS:_ ..Ste tiff,Th yaw( reenthm 1 ann. r 'Wea4./-k c. DATE RETURNED TO REQUESTING DIVISION/BUREAU: DISTRICT RESOURCE MANAGER RECOMMENDATION: 4/. -V /Mere , 7e/ eig40:-- -' APPROVERECOMMENDATION: FIELD DIVISON) G DIVISION a -8-4Y DO NOT APPROVE RECOMMENDATION: (Please state reason) ACTION TAKE G DIVISION: 1 nnprViett nit .1 Apply ttAon pm d Oil 0111101 DATE RETURNED TO DISTRICT RESOURCE MANAGER: 649Revised: 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 OPERATIONS DIVISIOish FROM: MARCUS J. GARCIA, SANTA FE DISTRICti 17 SUBJECT: GR-2122. ZORRO TRUST. APPLICATION FOR IMPI(OVEME41 TS. FOLLOW-UP TO MJG-SA-305 (MARCH 2, 2004). ASSIGNMENT RECEIVED APRIL 8, 2004. COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nnutatelands.org MJC-1087 7 REMARKS As per your direction, the attached special assignment (MJG-SA-305 dated March 2, 2004) was previously filed in regard to your report of heavy machinery possibly working on or near to state trust land within the subject ranch unit. MJG Attachments et crnr+rr.srn m n in in in. w • • Med • • • SDNY GM 00173673 EFTA 00195328 EFTA01305573

MARCH 2, 2004 MW -SA-305 TO: JERRY KING, ASSISTANT COMMISSIONER THROUGH: DAVID COSS, HELD OPERATIONS DIVISION FROM: MARCUS J. GARCIA, SANTA FE DISTRICT SUBJECT: GR-2122. ZORRO TRUST. REPORT OF POSSIBLE THEFT OF ARCHAEOLOGICAL RESOURCES ON OR NEAR TO STATE TUST LAND WITHIN THE RANCH UNIT. SYNOPSIS There was no documented evidence of theft and/or damage to the archaeological resources in this immediate area along the Creston petroglyph panel site; however, the lessee is in the midst of setting a non-ranch related improvement item near to or on the subject property. See the REMARKS section for additional information. LEGAL DESCRIPTION Within or near to the SEIASWA of Section 2, Township 12 North, Range 9 East, N.M.PM, Santa Fe County, New Mexico. LOCATION Within the Zorro Ranch at Comanche Gap and near the Creston petroglyph panel sites. REMARKS David Eck and myself inspected the subject property in response to a report of heavy machinery located either on or very near to state trust land at the Comanche Gap and Creston petroglyph panel sites within the Zorro Ranch. Uncorrected GPS coordinates obtained at the site with the Garmin Etrex Legend indicates the machinery was apparently operating in part on the subject property. However, without greater instrumental accuracy, we cannot definitively place the site on state trust land. According to the ranch hand that escorted us to and from the property, a level pad site was prepared so that a caboose can be placed on a short section of railroad tracks for whatever reason the lessee might have. The site is adjacent to the abandoned narrow gauge railroad corridor. It is suggested that the lessee be informed that the site might encumber state trust land and reminded that permission is needed from the Commissioner prior to placing improvements and other structures on the lease. Whether this non-ranching related item is located on state leased SDNY_GM_00173674 EFTA_DO I 95329 EFTA01305574

.MARCH 2, 2004 MJG-SA-305 property is not a matter of great concern but what is disconcerting is that a ranch escort is needed for personnel from this office to access cultural sites for general administrative fieldwork and/or educational uses. A recent conversation with the ranch manager (Bryce Gordon) for access into the ranch via a gate along the Anaya Ranch Road (County Road 38-B) was fruitful and apparently, this office will be able to secure access with prior notification to the lessee. MJG Attachments SDNY_GM_00173675 EFTA_00 I 95330 EFTA01305575

DIGITAL IMAGES- MJG-SA-305 SDNY GM 00173676 EFTA_00195331 EFTA01305576

0 sea* 0.125025 0.5 0.75 1 2 N 1 4,000 A Mlles Creston Caboose Installation -- Possible Encroachment on Trust Land • GPS Location - Photo Point Creston Area, Trust Ownership, GPS Locations - State Trust Boundary ennnt au nninm EFTA 00195332 EFTA01305577

PATRICK H. LYONS COMMISSIONER MARCH 2, 2004 State of New Mexico Commissioner of Public Lands 310 OLD SANTA FE TRAIL P.O. BOX 1148 SANTA FE, NEW MEXICO 87504-1148 TO: JERRY KING, ASSISTANT COMMISSIONr t THROUGH: DAVID COSS, FIELD OPERATIONS DIVISI FROM: MARCUS J. GARCIA, SANTA FE DIS SUBJECT: GR-2122. ZORRO TRUST. REPORT OF P OF ARCHAEOLOGICAL RESOURCES ON OR TO STATE TUST LAND WITHIN THE RANCH UNIT. COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nrnstatelands.org MJG-SA-305 9A3 - 9-0 47.1 SYNOPSIS There was no documented evidence of theft and/or damage to the archaeological resources in this immediate area along the Creston petroglyph panel site; however, the lessee is in the midst of setting a non-ranch related improvement item near to or on the subject property. See the REMARKS section for additional information. LEGAL DESCRIPTION Within or near to the SE'/SW'/ of Section 2, Township 12 North, Range 9 East, N.M.P.M., Santa Fe County, Now Mexico. LOCATION Within the Zorro Ranch at Comanche Gap and near the Creston petroglyph panel sites. REMARKS David Eck and myself inspected the subject property in response to a report of heavy machinery located either on or very near to state trust land at the Comanche Gap and Creston petroglyph panel sites within the Zorro Ranch. Uncorrected GPS coordinates obtained at the site with the Garmin Etrex Legend indicates the machinery was apparently operating in part on the subject property. However, without greater instrumental accuracy, we cannot definitively place the site on state trust land. According to the ranch hand that escorted us to and from the property, a level pad site was prepared so that a caboose can be placed on a short section of railroad tracks for whatever reason the lessee might have. The site is adjacent to the abandoned narrow gauge railroad corridor. It is suggested that the lessee be informed that the site might encumber state trust land and reminded that permission is needed from the Commissioner prior to placing improvements and other structures on the lease. Whether this non-ranching related item is located on state leased "WORKING FOR EDUCATION" SDNY_GM_00173678 EFTA_00 195333 EFTA01305578

MARCH 2, 2004 -2- MJG-SA-305 property is not a matter of great concern but what is disconcerting is that a ranch escort is needed for personnel from this office to access cultural sites for general administrative fieldwork and/or educational uses. A recent conversation with the ranch manager (Bryce Gordon) for access into the ranch via a gate along the Anaya Ranch Road (County Road 38-B) was fruitful and apparently, this office will be able to secure access with prior notification to the lessee. MJG Attachments SDNY_GM_00173679 EFTA_00 I 95334 EFTA01305579

N Scale:1:24,000 0 0.1250.25 0.5 0.75 1Miles A Creston Caboose Installation — Possible Encroachment on Trust Land * GPS Location — Photo Point Creston Area, Trust Ownership, GPS Locations — State Trust Boundary SDNY_ GM_00173680 EFTA_00 195335 EFTA01305580

DIGITAL IMAGES — MJG-SA-305 These two images show the pad site on or very near to state trust land. SDNY_GM_00173681 EFTA 00195336 EFTA01305581

N Scale:I:16,502 0.5 0.75 1Miles Creston Caboose Installation -- Possible Encroachment on Trust Land GPS Location — Photo Point Creston Area, Trust Ownership, GPS Locations State Trust Boundary SDNY_GM_00173682 EFTA_00 195337 EFTA01305582

Do '04,3 .T,EW MEXIL STATE LAND OFFICE REQUEST FOR FIELD ASSIGNMENT DATE TO FIELD DIVISION: I MESTING DIVISION: Su. A. At-ce r BY: (.< toy • u. a- ID- 04, FIELD DIVISION CONTROL NO. \Ye° A11,5 NUMBER 6g TYPE OF REQUEST: ka_s -c 3 - ri NAME OF LESSEE/APPLICANT: ADDRESS: 2-O eL.C_ 2it A-6 1( A.", ILL -41-xn Lc AM? lode DESIGNATED CONTACT: ADDRESS: _Er i fn • 6;4 dart , PHONE: LEGAL DESCRIPTION: SEIM 122 RANGE COUNTY S-c< Js-..s Le REMARKS: Pita set ;A V .( 4 _et 111 _.(kV 1.4 /Cc creenin eni.4--:on . DA lETURNED TO REQUESTING DIVISION/BUREAU: DIStscICT RESOURCE MANAGER RECOMMENDATION: APPROVE RECOMMENDATION: FTELtD DWZON) (REMING DIVISION 41 L)105 in-o4 DO NOT APPROVE RECOMMENDATION: (Muse slate reasons) 1CTI0N TAICENVirREQUESIING DIVISION: /Lao 44dAtat,_ /3-176 . d .ETI/RNED TO DISTRICT RESOURCE MANAGER 2-89 Revised: 11/109 SL OS C 5/2 3/20 06 SDNY_GAA_00 173683 EFTA_00195338 EFTA01305583

PATRICK II. LYONS COMMISSIONER MARCH 30, 2006 TO: State of gtfrw Mexico Commissioner ofPub tic Lands MO OLD SANTA FE TRAIL P.O. BOX 1 148 SANTA FE. NEW MEXICO 87504-1148 COMMISSIONER'S OFFICE Phone (505) 827-5760 Fax (505) 827-5766 www.nmsunelands.org MJG-1174 AND MJG-1175 GILBERT BORREGO, SURFACE RESOURCES DIVISION ATTENTION: MARY DUBOSE GRAZING MANAGER THROUGH: FROM: SUBJECT: BRIAN HENINGTON, FIELD OPERATIONS GR-2088 AND GR-2122. ZORRO TRUST. (1/ / Z4, pu7Ket:vrer ---- SUBLEASE. MARCUS J. GARCIA, SANTA FE DISTRI SYNOPSIS The recommendation is to approve this application to sublease. The ocularly estimated range condition varies from fair to good condition. See the IMPROVEMENTS for additional information relative to unauthorized improvements. LEGAL DESCRIPTION GR-2088: Lot 1, 2, 3 and 4 within Section 36, Township 13 North, Range 9 East, N.M.P.M., Santa Fe, County, New Mexico; containing 84.86 acres, more-or-less. GR-2122: Lot 1, 2, 3, 4 and 7; SRPANE%, S1/2NW%, SW% of Section 2, Township 12 North, Range 9 East, N.M.P.M., Santa Fe, County, New Mexico; containing 518.97 acres, more-or-less. Section 16, Township 12 North, Range 9 East, N.M.P.M., Santa Fe, County, New Mexico; containing 640 acres, more-or-less. LOCATION These state trust lands are located in south central Santa Fe County between Galisteo and Stanley, New Mexico. Section 16 is landlocked but Section 36 can be accessed directly from The Anaya Ranch Road (County Road 38-B). Section 2 abuts Section 36 and can conceivably be reached by walking across Section 36. The condition of the grazable sites was ocularly estimated to be in fair to good condition. -Susie Land Office Beneficiaries - Came Togley flospitol • Clutha* Penal @ Reform • Comma Schoen • Coon NM Unhonley • Rio Geode Impotemem • Minn' Hospital of NM •NIN Boo School • NM Wean& Unittaky • NM Inahoe of Mains @ Teeloolom • New Mesita Mann leminfec•NM School fa the Dot • NM School fee the Visvelly frandicopeel • NM Suit Magna' • New Mexico Star Liontoxy • Ombra. NM Coannoily Collepe • PerfiNtiory of Neer Moira • Public Biala ore at Capini • " •-• ' " • ' ''''' • ". • -1 " ••' " ' " ' SDNY_GA4_00173684 EFTA_00 195339 EFTA01305584

MARCH 30, 2006 -2- JG-1174 AND MJG-1175 Generally, the condition of section 16 is fair and Sections 2 and 36 are in good condition. The ranch has not been extensively gaged since being sold to the current owner approximately 10 years ago. According to the ranch manager, the surface ownership status consists of 7,575 deeded and 1,582 acres of leased, mainly state trust land. Currently, there are 50 head of livestock grazing the ranch that belong to an employee of the ranch, as listed in the application. HIGHEST AND BEST USE Highest, best and current use is estimated to be livestock grazing. Historic rock art panels associated with the Creston geologic feature on Section 2 attract people interested in historic graffiti. IMPROVEMENTS On the day of the field evaluation, 1 documented a new water distribution pipeline within the SY2S1/3 of Section 16 and cholla removal in the same section. There is another water distribution pipeline also on Section 16 but this should be covered under a water easement since it is the water supply for the lessees' residence. These items will be covered in special assignment reports. REMARKS I met with the ranch manager, Brice Gordon, for this field evaluation. The lessee has essentially given over care and control of the livestock on the subject property, so a sublease is needed. Based on my field evaluation and the fair to good range conditions of the ranch, it is recommended to approve the sublease application. MJG Attachments qnsco 5/23/2006 SDNY_GA4_00173685 EFTA_00195340 EFTA01305585

PATRICK H. LYONS COMMISSIONER APRIL 10, 2006 Vps a io State of Marko Commissioner ofPubfie 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.nmstatelands.org BUG-SA-312 TO: GILBERT BORREGO, SURFACE RESOURCES DIVISION ATTENTION: MARY DUBOSE GRAZING MANAGER THROUGH: BRIAN HENINGTON, FIELD OPERATIONS FROM: MARCUS J. GARCIA, SANTA FE DI SUBJECT: GR-2122. ZORRO TRUST. UNAUTHORIZED ROVEMlINTS. SYNOPSIS Several unauthorized improvements were recently documented while on other field evaluations on the Zorro Ranch. The recommendation is to send the lessee an improvement validation application. See the IMPROVEMENTS section for the item description and location. LEGAL DESCRIPTION Section 16, Township 12 North, Range 9 East, N.M.P.M., Santa Fe, County, New Mexico; containing 640 acres, more-or-less. LOCATION These state trust lands are located in south central Santa Fe County between Galisteo and Stanley, New Mexico. Generally, the condition of section 16 is estimated to be in fair condition. The ranch has not been extensively graved since being sold to the current owner approximately 10 years ago. According to the ranch manager, the surface ownership status consists of 7,575 deeded and 1,582 acres of leer'', mainly state Mist land. Currently, there are 50 head of livestock grazing the ranch that belong to an employee of the ranch. HIGHEST AND BEST USE Highest, best and current use is estimated to be livestock grazing. -Stain Land Office Dendideria • Carrie Totgky Hospital • Charitable Peal it Reform • Como° Schools • antra NM Uotrenity • Rio Cade Impeoviaren • Misers* Hospital of NM •NM Hoyt School • NM NONNI+ LlointellY • NM /Mika at Minis Tethicaosi • New Moak* Military hatiate•Ntil School for dx Deaf • NM School foe the Vliusgy Hanticapped • NM Slat Hospital • New Mexico State USwSj4 • factrgli MiftikillnirtitMo ie • Ptrittriary of New Mtlit0 • Pubic Bullrings at Cspital • Some Pad. Carnal:oleo • Uniitnity of Now Mauna • UNIA Satailaittli • Water ifttenoln • Waters New Mexico Unlionhy SDNY GM 00173686 EFTA_00195341 EFTA01305586

APRIL 10, 2006 -2- MIG-SA-312 IMPROVEMENTS The following two items were completed sans an improvement application and subsequent approval from this office: 1. Cholla control. I recall from my last visit approximately 18 years ago the presence of cholla cactus on Section 16. On my recent visit to the site I noticed that the plant had been treated mechanically. The ranch manager, Brice Gordon, confirmed this and added that the treatment was done before he assumed his current duties. He has yet to call me with the specifics on the treatment, as he indicated that he would. 2. One mile of water pipeline within the SYOSA. The ranch manager has yet to confirm the diameter, etc. REMARKS I documented these unauthorized improvements while on another field evaluation within the ranch unit. The recommendation is to send the lessee an improvement validation application. MJG Attachments SDNY_GM_00173687 EFTA_00 I 95342 EFTA01305587

DIGITAL IMAGES — KM-SA-312 Looking northwest from the extreme southeast comer of Section 16. Lk" •-• ' , .- • _ - " •••• - _ _ Oh. , a yak kali akitir.., • - - • • • owe- 4 „ A.*, • c.".• a IOW Slef - • • -9. • . - • r - Looking north from the extreme southwest corner of Section 16. :• • -r-rr - • - • ;.,„--• 4 t l ....".! 7 ,, • . -= - .._ , -'. , . -,.., - -..r -, - r. -•r ' ,1 ' 41.4"‘" ; t •,--*--- r 4-, - .- -,,A-.34,-, tn- $ a - -.A ;', ••:. i... - ' . - -, - f r. '. 1.: _.,,,..L.a---•-•‘- ....r - , --_. - • r fa r i#,.; 1*es/1,1e , • ;2 z , . • I. •1`,?* . ..e x. ••• .7 = 6 _ fr 4 - • 0. rr,77- JT . kiaf . 4V cit• , -am 566 Caw 5783/9oof SDNY GM 00173688 EFTA_00 195343 EFTA01305588

/ pli,, , ' ' .„ --.4.1 —i /1 ' ' Ili, 4" .... —..".......0 . .......• I 4 „...r.—.1 S.:. . .... . . . ....7,f.;:;:: )\ if . 31. • .tr i .1 , .......... ,......„..... _. ...._ 94,,,,i - - ......, J" 't...•1‘....1,...... *47 I I :. (1 ! i ...., i SU. Sgeit : ',4i• 1 ' ...... ... ' ' ' • ' - Z —.. — ''. — -- I 31' 1; ifir : •..., / ...-- -,-... ..„7, ` c • -- 7"-- j • i is r.- - -. ,....- - ed by the Gedo1CY SVIM .1.163 66•66. uriai fled 0•66/ 1964 927 P.m .6.6,can Glum 6,10. 40610,04 purl SDNY_GM_00173689 EFTA_00 195344 EFTA01305589

Assignment No. , covering NEW MEXICO STATE LAND OFFICE OFFICIAL REQUEST FOR CHANGE OF ADDRESS To: Commissioner of Public Lands Post Office Box 1148 Santa Fe, New Mexico 87504-1148 Dear Sir: I am the holder of (Oil and Gas) (Mineral) (Other) Lease No. 6- 4 (Specify) (Land Description) of record in the Ncw Mexico State Land Office, and I request that all official notices from your office which are required to be sent to me by law or under the terms of my lease or contract be sent to me at the address shown below, which address shall remain unchanged upon your records unless and until expressly directed in writing by me to do so. /— pal" „_,L .5 1-- • (Company Name) Signature (Please sign as name appears on lease) Li 5 Le; /La (Street Address or Box Number) .17 0 5- 6 (City, State and Zip Code) 19 14; • .• This form to be filed with the original lease instrument in the State Land Office. 0-67 04/01/94 SONY GM 00173690 EFTA _00 195345 EFTA01305590

SDNY_Ght00173691 EFTA_00195346 EFTA01305591

This s a Patch I type separa or sheet. This is a Patch I type separator sheet. Landscape Feed 11111 III Fo m Type = 'AgLeaseContract" CCDP2R tyrs. bamode * Portrait Feed New Form Follows... Prinled on 7/6/2001 11: 6:14 AM Copyright ClOtaxlmagg1111801.10 991-1899 SONY GM 00173692 EFTA_00 195347 EFTA01305592

NEW MEXICO STATE LAND OFFICE COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING P.O. BOX 1148, SANTA FE, NM 87504-1148 AGRICULTURAL LEASE LEASE NO. GR2122 THIS LEASE, DATED OCTOBER 01, 2001 , IS ENTERED INTO BY AND BETWEEN THE COMMISSIONER OF PUBLIC LANDS, NEW MEXICO STATE LAND OFFICE, STATE OF NEW MEXICO, HEREINAFTER CALLED "LESSOR" AND: ZORRO TRUST HEREINAFTER CALLED "LESSEE(S)", WHOSE ADDRESS OF RECORD IS: C/O JEFFREY E. EPSTEIN 457 MADISON AVE NEW YORK,NY 10022 LESSOR AND LESSEE AGREE AND COVENANT AS FOLLOWS: 1. LEASE. FOR AND IN CONSIDERATION OF AND SUBJECT TO THE RENTALS AND THE TERMS, COVENANTS, CONDITIONS, AGREEMENTS, OBLIGATIONS, AND RESERVATIONS CONTAINED IN THIS LEASE AND ALL OTHER EXISTING RIGHTS, LESSOR GRANTS AND LEASES TO LESSEE AND LESSEE TAKES PROM LESSOR THE TRACT(S) OF LAND DESCRIBED IN EXHIBIT A, ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. 4. TERM. THE TERN OF THIS LEASE SHALL BEGIN ON OCTOBER 01, 2001 AND SHALL EXPIRE AT MIDNIGHT SEPTEMBER 30, 2006. 3. RENT. THE ANNUAL RENTAL 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 ECONOMIC VARIABLE INDEX (EVI), AS DEFINED BY SLO RULE 8 "RELATING TO AGRICULTURAL LEASES" (19 N.M.A.C. 3, SLO 8.11). IN NO EVENT SHALL THE PRODUCT OF THE APPLICATION OP THE EVI,FOR EACH SUCCESSIVE YEAR OF THE LEASE TERM,BE DECREASED OR INCREASED BY MORE THAN THIRTY-THREE ANb ONE-THIRD PERCENT.IN THE CASE OF GRAZING RENTAL OFFERS ON OPEN ACREAGE OR PURSUANT TO COMPETITIVE BID, LESSOR MAY ACCEPT GREATER RENTAL AMOUNTS THAN THOSE DETERMINED BY THE FOREGOING FORMULA, BUT THE ANNUAL GRAZING RENTAL DUE IN ANY LEASE YEAR SHALL NOT BE LESS THAN THE FORMULA AMOUNT. THE ANNUAL RENTAL FOR CULTIVATED LAND, ASSOCIATED LAND AND CONSERVATION RESERVE PROGRAM LAND SHALL BE DETERMINED BY LESSOR AND SHALL REMAIN UNCHANGED DURING THE TERM OF THE LEASE. THE TYPE OF LAND HEREBY LEASED AND THE ANNUAL RENTAL AMOUNT FOR THIS LEASE SHALL BE AS SET OUT IN EXHIBIT A HEREIN. 4. PERMITTED USE. LESSEE MAY USE THE LEASED PREMISES ONLY FOR SUCH OPERATIONS AND ACTIVITIES AS ARE NECESSARY TO CARRY OUT THE PURPOSES FOR WHICH THE LEASE IS GRANTED AS SPECIFIED IN EXHIBIT A, AND IN ORDER TO COMPLY WITH ALL APPLICABLE PROVISIONS OF LAW REGARDING THE 000 SLO S-06-01#115 $50.00F1 000 SLO 8-06-014116 $949.28F4 SDNY_GA4_00173693 EFTA_00195348 EFTA01305593

CARE AND PROTECTION OF THE LEASED PREMISES. 5. LIEN. AS SECURITY FOR THE PAYMENT OF ANY RENT THAT IS OR MAY BECOME DUE AND UNPAID, LESSEE GRANTS TO LESSOR A FIRST AND PRIOR LIEN UPON ANY AND ALL IMPROVEMENTS AND CROPS ON THE LEASED PREMISES. 6. IMPROVEMENTS. NO IMPROVEMENTS, EXCEPT AS OTHERWISE PROVIDED BY LAW, SHALL BE PLACED ON THE LEASED PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF THE LESSOR. ALL IMPROVEMENTS PLACED ON THE LEASED PREMISES IN VIOLATION OF THIS PARAGRAPH SHALL BE CONSIDERED AND TREATED AS UNAUTHORIZED IMPROVEMENTS IN ACCORDANCE WITH THE APPLICABLE LAWS AND RULES. 7. ASSIGNMENT, SUBLEASE AND RELINQUISHMENT. LESSEE SHALL NOT ASSIGN OR SUBLEASE THE LEASED PREMISES OR THE IMPROVEMENTS ON SAID PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR AND SUCH OTHER REQUIREMENTS AS PRESCRIBED BY LAW OR RULE. AS PROVIDED BY LAW AND RULE ANY LEASE, IN GOOD STANDING, MAY BE RELINQUISHED TO THE STATE. UPON RELINQUISHMENT HOWEVER, THE LESSEE SHALL NOT BE ENTITLED TO A REFUND OF RENTALS PREVIOUSLY OWING AND PAID. 8. COLLATERAL ASSIGNMENTS. ANY AGRICULTURAL LEASE MAY BE ASSIGNED AS COLLATERAL SECURITY SUBJECT TO THE EXPRESS WRITTEN CONSENT OF THE LESSOR AND SUCH OTHER TERMS AND CONDITIONS AS PRESCRIBED BY LAW OR RULE. THE APPROVAL OF A COLLATERAL ASSIGNMENT, HOWEVER, SHALL NOT PREVENT THE CANCELLATION OF THE LEASE AND TERMINATION OF THE COLLATERAL ASSIGNMENT FOR THE NONPAYMENT OF RENTALS OR OTHER VIOLATIONS OF THE LEASE TERMS. 9. DEFAULT AND CANCELLATION. THE VIOLATION BY LESSEE OF ANY OF THE TERMS, CONDITIONS, OR COVENANTS OF THIS LEASE OR THE NONPAYMENT BY LESSEE OF THE RENT DUE UNDER THIS LEASE SHALL AT THE OPTION OF THE COMMISSIONER BE CONSIDERED A DEFAULT AND SHALL CAUSE THE CANCELLATION OF THIS LEASE 30 DAYS AFTER LESSOR HAS SENT WRITTEN NOTICE OF SUCH DEFAULT TO THE LESSEE AND TO ANY HOLDERS OF COLLATERAL ASSIGNMENTS BY REGISTERED MAIL, ADDRESSED TO THE POST OFFICE ADDRESS OF RECORD, PROVIDED, HOWEVER, IF WITHIN THE THIRTY DAYS THE LESSEE OR HOLDERS OF ANY COLLATERAL ASSIGNMENTS SHALL COMPLY WITH THE DEMAND MADE IN THE NOTICE, CANCELLATION SHALL NOT BE MADE. 10. RENEWAL. ANY LESSEE WHO DESIRES TO SECURE A NEW LEASE SHALL MAKE AND FILE AN APPLICATION WITH THE LESSOR ON OR BEFORE AUGUST 1 NEXT PRECEEDING THE EXPIRATION OF THIS LEASE. THE RIGHT OF RENEWAL SHALL BE SUBJECT TO SUCH TERMS AND CONDITIONS AS PROVIDED FOR BY LAW AND RULE. 11. RESERVATIONS. A. LESSOR RESERVES THE RIGHT TO EXECUTE LEASES ON THE LAND GRANTED BY THIS LEASE FOR MINING PURPOSES AND FOR THE EXTRACTION OF OIL, GAS, SALT, GEOTHERMAL RESOURCES, AND OTHER MINERAL DEPOSITS THEREFROM AND THE RIGHT TO GO UPON, EXPLORE FOR, MINE, REMOVE AND SELL SAME. LESSOR FURTHER RESERVES THE RIGHT TO SELL OR DISPOSE OF NATURAL SURFACE PRODUCTS OF SAID LANDS OTHER THAN GRAZING, AGRICULTURAL OR HORTI- SDNY_GM_00173694 EFTA_00195349 EFTA01305594

CULTURAL PRODUCTS AND TO GRANT SUCH OTHER RIGHTS-OF-WAY AND EASEMENTS AS PROVIDED BY LAW. 3. LESSOR RESERVES THE RIGHT TO WITHDRAW PURSUANT TO RULE, UP TO 64O ACRES, BUT IN • NO CASE MORE THAN HALF, OF THE LAND HELD BY THIS LEASE. 12. COMPLIANCE WITH LAWS. LESSEE SHALL AT ITS OWN EXPENSE FULLY COMPLY WITH AND BE SUBJECT TO ALL LAWS, REGULATIONS, RULES, ORDINANCES, AND REQUIREMENTS OF LESSOR AND APPLICABLE CITY, COUNTY, STATE AND FEDERAL AUTHORITIES AND AGENCIES WHICH HAVE BEEN OR MAY BE ENACTED OR PROMULGATED, IN ALL MATTERS AND THINGS AFFECTING THE LEASED PREMISES AND OPERATIONS THEREON. SUCH OTHER AGENCIES SHALL NOT BE DEEMED THIRD PARTY BENEFICIARIES UNDER THIS LEASE. 13. HOLD HARMLESS. LESSEE SHALL SAVE AND HOLD HARMLESS, INDEMNIFY AND DEFEND LESSOR AND THE STATE OF NEW MEXICO, AND THEIR AGENT OR AGENTS, IN THEIR OFFICIAL AND INDIVIDUAL CAPACITIES, OF AND FROM ANY AND ALL LIABILITY CLAIMS, LOSSES, OR DAMAGES ARISING OUT OF OR ALLEGED TO ARISE OUT OF OR INDIRECTLY CONNECTED WITH THE OPERATIONS OF LESSEE UNDER THIS LEASE, OFF OR ON THE LEASED PREMISES OR ARISING OUT OF THE PRESENCE ON THE LEASED PREMISES OF ANY AGENT, CONTRACTOR OR SUBCONTRACTOR OF LESSEE. 14. AMENDMENT. THIS LEASE SHALL NOT BE ALTERED, CHANGED OR AMENDED EXCEPT BY INSTRUMENT IN WRITING EXECUTED BY LESSOR AND LESSEE. -. WAIVER. NO WAIVER OF ANY BREACH OR DEFAULT BY LESSEE OF ANY OF THE TERMS, CONDITIONS OR COVENANTS OF THIS LEASE SHALL BE HELD TO BE A WAIVER OF ANY SUBSEQUENT BREACH. NO WAIVER SHALL BE VALID OR BINDING UNLESS THE SAME IS IN WRITING AND SIGNED BY LESSOR. 16. DELINQUENT RENTAL. ALL RENTAL PAYMENTS RECEIVED AFTER OCTOBER 1 OF EACH YEAR SHALL BE CONSIDERED DELINQUENT AND SHALL BE SUBJECT TO THE PAYMENT OF INTEREST AT A RATE OF ONE PERCENT (1%) A MONTH FOR ANY FRACTION OF A MONTH. INTEREST SHALL ACCRUE FROM THE DATE THE PAYMENT BECOMES DUE. 17. APPLICABLE LAW. THIS LEASE SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW MEXICO. 18. SUCCESSORS IN INTEREST. ALL TERMS, CONDITIONS AND COVENANTS IN THIS LEASE SHALL EXTEND TO AND BIND THE HEIRS, ASSIGNS, AGENTS, ATTORNEYS, CONTRACTORS AND SUCCESSORS IN INTEREST OF LESSOR AND LESSEE. 19. CARRYING CAPACITY REEVALUATION. THE LESSOR RESERVES THE RIGHT DURING THE TERM OF THIS LEASE, AND UPON THE LESSOR'S DISCRETION, TO CONDUCT CARRYING CAPACITY REEVALUATIONS AND MAKE THE NECESSARY ADJUSTMENTS TO THE LEASE AND RENTAL AS HAY BE REQUIRED. SDNY_GM_00173695 EFTA_OO19535O EFTA01305595

I/WE CERTIFY THA WE LESSEE(S) REFERENCED ON THE FACE Tina OF THIS LEASE. LESSEE LESSEE a.c efr...clecie" 2e. AD TELEPHONE TELEPHONE LESSO KMISSIONER OF PUBLIC LANDS STATE OF NEW MEXICO COUNTY OF THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE RE THIS DAY OF ACKNOWLEDGMENTS NATURAL PERSON(S) BY (NAME OF PERSON ACKNOWLEDGED) KY COMMISSION EXPIRES: , 20 , NOTARY PUBLIC PARTNERSHIP "IITE OF NEW MEXICO COUNTY OF THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OF , 20 BY (NAME OF PERSON ACKNOWLEDGED) PARTNER(S) ON BEHALF OF MY COMMISSION EXPIRES: , A PARTNERSHIP. NOTARY PUBLIC t3 /4 4tEragg< CORCORNTICS trciS1-- STATE OF ) COUNTY OF ILL) reek ) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS K4C-DAY OF S , 20CD1 , BY Qua... €.4cAtte.‘ ' Nfue4de- OF 1 (N OF OFFICER) Al , (TITLE OF OFFICER) r k-7.4 A rad..ka... ( Q v-It , ON BEHALF r-2-e:3ryb (CORPORATION NAME) OF SAID CORPORATION. COMMISSION EXPIRES: rd NOTARY PUBLIC HARRY I. BELLER Notary Public, Stele of New Yak No. 01BE4B53924 Clue lined in Rockland County z,...-- Commission Expires Feb. 17.20-- SONY_GM_00173696 EFTA_00 I 95351 EFTA01305596

NEW MEXICO STATE LAND OFFICE APPRAISEMENT OF GRAZING AND AGRICULTURAL LANDS COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING PO BOX 1148, SANTA FE, NEW MEXICO 87504-1148 LESSEE: SECTION 10 OP THE NEW MEXICO ENABLING ACT SPECIFICALLY REQUIRES THAT ALL STATE LAND TO BE LEASED BE APPRAISED AT ITS TRUE VALUE. STATE LAW, UNDER SECTION 19-7-1 NMSA 1978, FURTHER PRESCRIBES THAT SUCH APPRAISEMENT BE SECURED BY THE LESSEE WHEN ACQUIRING A LEASE AND THAT SUCH APPRAISEMENT BE COMPLETED BY A DISINTERESTED PERSON. THE INSTRUCTIONS FOR THE COMPLETION OF THIS FORM ARE SET OUT BELOW. APPRAISEMENT INSTRUCTIONS: THIS INFORMATION MUST BE COMPLETED BY A DISINTERESTED PERSON AND BASED ON NT INDIVIDUAL'S INFORMATION AND BELIEF. THIS FORM CANNOT BE COMPLETED BY A LICENSED RAISER. (NMSA 1978, 61-30-16). YOU CANNOT PAY TO HAVE THIS FORM COMPLETED. (NMSA 1978, 60-30-3A). THE LAND MUST BE APPRAISED AS VACANT, I.E. WITHOUT IMPROVEMENTS, FOR BOTH SALE AND LEASE PURPOSES. IT MUST ALSO BE SIGNED BEFORE A NOTARY PUBLIC. Csikt actki t Memu& II , DO SOLEMNLY SWEAR (OR AFFIRM), UNDER THE PENALTIES OF PERJURY, THAT AFTER HAVING PERSONALLY INSPECTED THE TRACT(S) OF LAND CONTAINED IN LEASE NO. ezawarA AND DESCRIBED IN EXHIBIT A OF SAID LEASE, THAT MY OPINION OF THE APPRAISED CASH VALUE OF SAME (WITHOUT IMPROVEMENTS) IS $ :WO PER ACRE, IF SOLD, AND $ 4C)C, PER ACRE, FOR LEASE PURPOSES, AND CERTIFY THAT I AM NOT INTERESTED IN SAID LAND FOR LEASING OR SALE THEREOF. SIGNED ADDRESS tirvh-J:cc,.. Age_ CITY/STATE 1,\.90._‘,.. (4,-LC SUBSCRIBED AND SWORN TO BEFORE ME THIS 3C)+1` DAY OF r j li Jam, 200 I . MY COMMISSION EXPIRES: PUBLIC HARRY I. LLER Notary Public, State of New York No. 019E41353924 Qualified In Rockland Coon Commission Expires Feb. 17, 21&*"....... SDNY_GAA_00173697 EFTA_00 195352 EFTA01305597

EXHIBIT A LEASE NO:- GR2122 SUBDIVISION SEC-TWN-RNG ACREAGE U PRICE S PER E UNIT CARRY CAP * LOT7 02 12N 09E 33.29 G 12 LOT1 02 12N 09E 43.12 G 12 LOT2 02 12N 09E 54.14 G 12 LOT3 02 12N 09E 54.18 G 12 LOT4 02 12N 09E 54.24 G 12 SW4NE4 S2NW4 SW4 02 12N 09E 280.00 G 12 ALL 16 12N 09E 640.00 G 12 TOTAL ACREAGE: RENEWAL LEASE 1,158.97 TOTAL RENTAL: $949.28 LEGEND: USE TYPE CODES C= CONSERVATION RESERVE PROGRAM I= IRRIGATED CROPLAND, M= 2= DRYLAND FARMING (BID), 3= H= 1/2 SOUTH FOR TOWNSHIP, H= LAND, D= DRYLAND FARMING, MOBILE HOME ON LAND, R= RSIP LAND, IRRIGATED CROPLAND(BID) 4= CRP(BID) 1/2 EAST FOR RANGE RYING CAPACITY RATES LISTED ARE BASED ON 640 ACRE PARCELS G= GRAZING, 1= GRAZING (BID), 5= RSIP(BID) , atm T _UTY12.11.1 I f .30,0 EFTA_0(1195353 EFTA01305598

3CELLANEOUS INSTRUMENT: LE NO: 8793 AER OF ATTORNEY GIVEN TO JOHN J. KELLY. FIDAVIT: JEFFEREY E. EPSTEIN FOR ZORRO TRUST. SDNY_GA4_00173699 EFTA_00 I 95354 EFTA01305599

IMPROVEMENT LISTING FOR EXISTING LESSEE'S RENEWAL APPLICATION The State Land Office Rule Relating to Agricultural Leases, 19 N.M.A.C. 8.9.2.2. requires you to submit a listing of your improvements located on the state leased land held under pill lease with your application. LEASE NUMBER 6-R-1N (Mdse check check one of the boxes) DO IMPROVEMENTS EXIST ON STATE LAND: YES IF YES PLEASE LIST BELOW. NO 51<.,. (none) MI improvements must be listed even if they arc on record with our office. LOCATION EffIRO_YRNIFNT APPROXIMATEYONTH AND YEAR BI MIT SECTION Tairn RANGE Inclusion of unauthorized improvements on this listing or any appraisal submitted to the Commissioner for any purpose shall not be interpreted as approval of those improvements by the Commissioner. (19 N.M.A.C. 8.9.11) This office will reject your renewal lease ap lication if this form is not completed. The information provided is true and correct to the best of my knowledge. Please sign and nired whether improvements exist or not. es e Signature Date: -7 ' 3 O 'C Lessee Signature SDNY_GA4_00 173700 EFTA_00 I 95355 EFTA01305600

This is a Pa ch I type separa or sheet. This is a Patch I type separator sheet. III II III II III II 11 11 1111 Form Type = 'AgLeaseContract" CODE128 type bartode * Portrait Feed New Form Follows... Printed on 7/8/2001 11:48:14 AM ComIght "Ma Imago Products S•34-1999 1119111,1 lilt! 1111)111j Landscape Feed mi SDNY_GM_00173701 EFTA_00195356 EFTA01305601

NEW MEXICO STATE LAND OFFICE COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING P.O. BOX 1148, SANTA FE, NM 87504-1148 AGRICULTURAL LEASE LEASE NO. GR2122 THIS LEASE, DATED OCTOBER 01, 1999 , IS ENTERED INTO BY AND BETWEEN THE COMMISSIONER OF PUBLIC LANDS, NEW MEXICO STATE LAND OFFICE, STATE OF NEW MEXICO, HEREINAFTER CALLED •LESSOR" AND: ZORRO TRUST HEREINAFTER CALLED "LESSEE(S)", WHOSE ADDRESS OF RECORD IS: C/O JEFFREY B. EPSTEIN 457 MADISON AVE NEW YORK,NY 10022 LESSOR AND LESSEE AGREE AND COVENANT AS FOLLOWS: 1. LEASE. FOR AND IN CONSIDERATION OF AND SUBJECT TO THE RENTALS AND THE TERMS, COVENANTS, CONDITIONS, AGREEMENTS, OBLIGATIONS, AND RESERVATIONS CONTAINED IN THIS LEASE AND ALL OTHER EXISTING RIGHTS, LESSOR GRANTS AND LEASES TO LESSEE AND LESSEE TAXES FROM LESSOR THE TRACT(S) OF LAND DESCRIBED IN EXHIBIT A, ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. 2. TERM. THE TERM OF THIS LEASE SHALL BEGIN ON OCTOBER 01, 1999 AND SHALL EXPIRE AT MIDNIGHT SEPTEMBER 30, 2001. 3. RENT. THE ANNUAL RENTAL SHALL NOT BE LESS THAN THE MINIMUM RENTAL ESTABLISHED BY SECTION 19-7-29 NASA 197$ 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 ECONOMIC VARIABLE INDEX (EVI), AS DEFINED BY SLO RULE 8 "RELATING TO AGRICULTURAL LEASES" (19 N.M.A.C. 3, SLO 8.11). IN NO EVENT SHALL THE PRODUCT OF THE APPLICATION OF THE EVI,FOR EACH SUCCESSIVE YEAR OF THE LEASE TERM,BE DECREASED OR INCREASED BY MORE THAN THIRTY-THREE AND ONE-THIRD PERCENT. IN THE CASE OF GRAZING RENTAL OFFERS ON OPEN ACREAGE OR PURSUANT TO COMPETITIVE BID, LESSOR MAY ACCEPT GREATER RENTAL AMOUNTS THAN THOSE DETERMINED BY THE FOREGOING FORMULA, BUT THE ANNUAL GRAZING RENTAL DUE IN ANY LEASE YEAR SHALL NOT BE LESS THAN THE FORMULA AMOUNT. THE ANNUAL RENTAL FOR CULTIVATED LAND, ASSOCIATED LAND AND CONSERVATION RESERVE PROGRAM LAND SHALL BE DETERMINED BY LESSOR AND SHALL REMAIN UNCHANGED DURING THE TERM OF THE LEASE. THE TYPE OF LAND HEREBY LEASED AND THE ANNUAL RENTAL AMOUNT FOR THIS LEASE SHALL BE AS SET OUT IN EXHIBIT A HEREIN. 4. PERMITTED USE. LESSEE MAY USE THE LEASED PREMISES ONLY FOR SUCH OPERATIONS AND ACTIVITIES AS ARE NECESSARY TO CARRY OUT THE PURPOSES FOR WHICH THE LEASE IS GRANTED AS SPECIFIED IN EXHIBIT A, AND IN ORDER TO COMPLY WITH ALL APPLICABLE PROVISIONS OF LAW REGARDING THE 000 SLO 7-30-994246 S922.91F4 000 SLO 7-30-990247 1,0.00r SDNY_GM_00173702 EFTA_00195357 EFTA01305602

CARS AND PROTECTION OF THE LEASED PREMISES. 5. LIEN. AS SECURITY FOR THE PAYMENT OF ANY RENT THAT IS OR MAY BECOME DUE AND UNPAID, LESSEE GRANTS TO LESSOR A FIRST AND PRIOR LIEN UPON ANY AND ALL IMPROVEMENTS AND CROPS ON THE LEASED PREMISES. 6. IMPROVEMENTS. NO IMPROVEMENTS, EXCEPT AS OTHERWISE PROVIDED BY LAW, SHALL SE PLACED ON THE LEASED PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF THE LESSOR. ALL IMPROVEMENTS PLACED ON THE LEASED PREMISES IN VIOLATION OF THIS PARAGRAPH SHALL BE CONSIDERED AND TREATED AS UNAUTHORIZED IMPROVEMENTS IN ACCORDANCE WITH THE APPLICABLE LAWS AND RULES. 7. ASSIGNMENT, SUBLEASE AND RELINQUISHMENT. LESSEE SHALL NOT ASSIGN OR SUBLEASE THE LEASED PREMISES OR THE IMPROVEMENTS ON SAID PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR AND SUCH OTHER REQUIREMENTS AS PRESCRIBED BY LAW OR RULE. AS PROVIDED BY LAW AND RULE ANY LEASE, IN GOOD STANDING, MAY BE RELINQUISHED TO THE STATE. UPON RELINQUISHMENT HOWEVER, THE LESSEE SHALL NOT BE ENTITLED TO A REFUND OF RENTALS PREVIOUSLY OWING AND PAID. E. COLLATERAL ASSIGNMENTS. ANY AGRICULTURAL LEASE MAY BE ASSIGNED AS COLLATERAL SECURITY SUBJECT TO THE EXPRESS WRITTEN CONSENT OP THE LESSOR AND SUCH OTHER TERMS AND CONDITIONS AS PRESCRIBED BY LAW OR RULE. THE APPROVAL OP A COLLATERAL ASSIGNMENT, HOWEVER, SHALL NOT PREVENT THE CANCELLATION OF THE LEASE AND TERMINATION OF THE COLLATERAL ASSIGNMENT FOR THE NONPAYMENT OP RENTALS OR OTHER VIOLATIONS OF THE LEASE TERMS. 9. DEFAULT AND CANCELLATION. THE VIOLATION BY LESSEE OF ANY OF THE TERNS, CONDITIONS, OR COVENANTS OF THIS LEASE OR THE NONPAYMENT BY LESSEE OP THE RENT DUE UNDER THIS LEASE SHALL AT THE OPTION OF THU COHBIISSIONER BE CONSIDERED A DEFAULT AND SHALL CAUSE THE CANCELLATION OF THIS LEASE 30 DAYS AFTER LESSOR HAS SENT WRITTEN NOTICE OF SUCH DEFAULT TO THE LESSEE AND TO ANY HOLDERS OP COLLATERAL ASSIGNMENTS BY REGISTERED MAIL, ADDRESSED TO THE POST OFFICE ADDRESS OF RECORD, PROVIDED, HOWEVER, IF WITHIN TEE THIRTY DAYS THE LESSEE OR HOLDERS OP ANY COLLATERAL ASSIGNMENTS SHALL COMPLY WITH THE DEMAND MADE IN TEE NOTICE, CANCELLATION SHALL NOT BE MADE. 10. RENEWAL. ANY LESSEE WHO DESIRES TO SECURE A NEW LEASE SHALL HARE AND FILE AN APPLICATION WITH THE LESSOR ON OR BEFORE AUGUST 1 NEXT PRECEEDING THE EXPIRATION OP THIS LEASE. THE RIGHT OF RENEWAL SHALL BE SUBJECT TO SUCH TERMS AND CONDITIONS AS PROVIDED FOR BY LAN AND RULE. 11. RESERVATIONS. A. LESSOR RESERVES THE RIGHT TO EXECUTE LEASES ON THE LAND GRANTED BY THIS LEASE FOR MINING PURPOSES AND FOR THE EXTRACTION OF OIL, GAS, SALT, GEOTHERMAL RESOURCES, AND OTHER MINERAL DEPOSITS THEREFROM AND THE RIGHT TO GO UPON, EXPLORE FOR, MINE, REMOVE AND SELL SAME. LESSOR FURTHER RESERVES THE RIGHT TO SELL OR DISPOSE OF NATURAL SURFACE PRODUCTS OF SAID LANDS OTHER THAN GRAZING, AGRICULTURAL OR HORTI- SDNY_GM_00173703 EFTA_00195358 EFTA01305603

CULTURAL PRODUCTS AND TO GRANT SUCH OTHER RIGHTS-OF-WAY AND EASEMENTS AS PROVIDED BY LAW. B. LESSOR RESERVES THE RIGHT TO WITHDRAW PURSUANT TO RULE, UP TO 640 ACRES, BUT IN NO CASE MORE THAN HALF, OF THE LAND HELD BY THIS LEASE. 12. COMPLIANCE WITH LANS. LESSEE SHALL AT ITS OWN EXPENSE FULLY COMPLY WITH AND BE SUBJECT TO ALL LAWS, REGULATIONS, RULES, ORDINANCES, AND REQUIREMENTS OP LESSOR AND APPLICABLE CITY, COUNTY, STATE AND FEDERAL AUTHORITIES AND AGENCIES WHICH HAVE BEEN OR MAY BE ENACTED OR PROMULGATED, IN ALL MATTERS AND THINGS AFFECTING THE LEASED PREMISES AND OPERATIONS THEREON. SUM OTHER AGENCIES SHALL NOT BE DEEMED THIRD PARTY BENEFICIARIES UNDER THIS LEASE. 13. HOLD HARMLESS. LESSEE SHALL SAVE AND HOLD HARMLESS, INDEMNIFY AND DEPEND LESSOR AND THE STATE OF NEW MEXICO, AND THEIR AGENT OR AGENTS, IN THEIR OFFICIAL AND INDIVIDUAL CAPACITIES, OF AND PROM ANY AND ALL LIABILITY CLAIMS, LOSSES, OR DAMAGES ARISING OUT OF OR ALLEGED TO ARISE OUT OP OR INDIRECTLY CONNECTED WITH THE OPERATIONS OP LESSEE UNDER THIS LEASE, OFF OR ON THE LEASED PREMISES OR ARISING OUT OF THE PRESENCE ON THE LEASED PREMISES OF ANY AGENT, CONTRACTOR OR SUBCONTRACTOR OF LESSEE. 14. AMENDMENT. THIS LEASE SHALL NOT BE ALTERED, CHANGED OR AMENDED EXCEPT BY INSTRUMENT IN WRITING EXECUTED BY LESSOR AND LESSEE. 1S. WAIVER. NO WAIVER OF ANY BREACH OR DEFAULT BY LESSEE OP ANY OP THE TERNS, CONDITIONS OR COVENANTS OF THIS LEASE SHALL BE HELD TO BE A WAIVER OF ANY SUBSEQUENT BREACH. NO WAIVER SHALL BE VALID OR BINDING UNLESS THE SAME IS IN WRITING AND SIGNED BY LESSOR. 16. DELINQUENT RENTAL. ALL RENTAL PAYMENTS RECEIVED AFTER OCTOBER 1 OF EACH YEAR SHALL BE CONSIDERED DELINQUENT AND SHALL BE SUBJECT TO THE PAYMENT OP INTEREST AT A RATE OF ONE PERCENT (1%) A MONTH FOR ANY FRACTION OF A MONTH. INTEREST SHALL ACCRUE PROM THE DATE THE PAYMENT BECOMES DUE. 17. APPLICABLE LAW. THIS LEASE SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW MEXICO. 18. SUCCESSORS IN INTEREST. ALL TERMS, CONDITIONS AND COVENANTS IN THIS LEASE SHALL EXTEND TO AND BIND THE HEIRS, ASSIGNS, AGENTS, ATTORNEYS, CONTRACTORS AND SUCCESSORS IN INTEREST OF LESSOR AND LESSEE. 19. CARRYING CAPACITY REEVALUATION. THE LESSOR RESERVES THE RIGHT DURING THE TERM OF THIS LEASE, AND UPON THE LESSOR'S DISCRETION, TO CONDUCT CARRYING CAPACITY REEVALUATIONS AND MAKE THE NECESSARY ADJUSTMENTS TO THE LEASE AND RENTAL AS NAY BE REQUIRED. SONY_GM 001737.04 EFTA_00195359 EFTA01305604

• WITNESS THE HANDS AND SEALS OF SOR AND ESSEE ON THE MY AND YEAR FIRST ABOVE WRITTEN. LESSEE eff ey Epstein, Trustee LESSEE Il3LkAJHUNb ISSIONER F PUBLIC LANDS ACKNOWLEDGMENTS NATURAL PERSON(S) STATE OF NEN MEXICO ) ) COUNTY or ) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE NE THIS DAY OF 19 BY (KANE OF PERSON ACKNOWLEDGED) NY COMMISSION EXPIRES: NOTARY PUBLIC TRUST • • STATE or NEW Amt. ) ) COUNTY of York ) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS 2. SI= OF dc. 4.7 . 191i, BY Jeffrey P Rpettein (NAME OF PERSON ACKNOWLEDGED) TRUSTEE-- ou BEHALF or Zorro aiw ittcata , A TRUST .: NY COMMISSION EXPIRES: CIGSOMPRIOR0ddliGGCOM No. 018E4853924 Aegan Noun! Public, State of At Commission Wien Feb. I LIC STATE OP NEW MEXICO COUNTY OF ) ) ) CORPORATION THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OP , 19 BY OF (NAME OF OFFICER) 'TITLE OF OFFICER) A CORPORATION, ON BEHALF (CORPORATION NAME) OF SAID CORPORATION. KY COMMISSION EXPIRES: NOTARY PUBLIC SDNY_GkL00173705 EF-EA_00195360 EFTA01305605

NEW MEXICO STATE LAND OFFICE APPRAISEMENT OF GRAZING AND AGRICULTURAL LANDS COMMISSIONER OP PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING PO BOX 1148, SANTA FE, NEW MEXICO 87604-114B LESSEE: SECTION 10 OP THE NEN MEXICO ENABLING ACT SPECIFICALLY REQUIRES THAT ALL STATE LAID TO 86 LEASED BE APPRAISED AT ITS TRUE VALUE. STATE LAW. UNDER SECTION 19-7-1 NMSA 197$, FURTHER PRESCRIBES THAT SUCH APPRAISEMENT BE SECURED BY THE LESSEE WHEN ACQUIRING A LEASE AND THAT SUCH APPRAISEMENT BE COMPLETED BY A DISINTERESTED PERSON. THE INSTRUCTIONS FOR THE COMPLETION OF THIS FORM ARE SET OUT BELOW. APPRAISEMENT INSTRUCTIONS: THIS INFORMATION MUST BE COMPLETED BY A DISINTERESTED PERSON AND BASED ON THAT INDIVIDUAL'S INFORMATION AND BELIEF. THE LAND MUST BE APPRAISED AS VACANT, I.B. WITHOUT IMPROVEMENTS, FOR BOTH SALE AND LEASE PURPOSES. IT MUST ALSO BE SIGNED BEFORE A NOTARY PUBLIC. f;hi Clai ne Maxwell , DO SOLEMNLY SWEAR (OR AFFIRM), UNDER THE PENALTIES OF PERJURY, THAT AFTER HAVING PERSONALLY INSPECTED THE TRACT(S) OF LAND CONTAINED IN LEASE NO. foz21z2 AND DESCRIBED IN EXHIBIT A OF SAID LEASE, THAT NI OPINION OF THE APPRAISED CASH VALUE OF SAME (WITHOUT IMPROVEMENTS) IS $300.00 PER ACRE. IF SOLD, AND 0400.00 PER ACRE, FOR LEASE PURPOSES. AND CERTIFY THAT I AM NOT INTERESTED IN SAID LAND FOR LEASING OR SALE THEREOF. SIGNED ADDRESS crnVenum New York, NY 10022 SUBSCRIBED AND SWORN TO BEFORE HE THIS 9R DAY OF Jul. MY COMMISSION EXPIRES: HARRY I. BELLER Notary Public. State of New Yea No. 018E4$53924 • •••;:i:rad in Rock and County nr , Coatintesion Expkee Feb. 17, 20 •11-1 SDNY_GM_00173706 EFTA_00195361 EFTA01305606

IMPROVEMENT LISTING FOR EXISTING LESSEE'S RENEWAL APPLICATION NAIVE ZORRO TRUST LEASE NUMBER GR2122 The State Land Office Rule Relating to Agricultural Leases, 19 N.M.A.C. 8.9.2.2. requires you to submit a listing of your improvements located on the state leased land held under this lease with your application. Inclusion of unauthorized improvements on this listing or any appraisal submitted to the Commissioner for any purpose shall not be interpreted as approval of those improvements by the Commissioner. (19 N.M.A.C. 8.9.11) IMPROVEMENT tinny. APPROXIMATE MONTH AND YEAR BUILT LOCATION BY SUBDIVISION SECrfSP/Rrtf The information provided above is true and correct to the best of my knowledge. 7APRO TRUST by Lessee Jeffrey Trustee Lessee Date: 9 SDNY_GA4_00173707 EFTA_00 195362 EFTA01305607

EXHIBIT A LASE NO: OR2122 SUBDIVISION SEC-INN-RHO ACREAGE V S B PRICE CC PER AA UNIT RP LOT/ 02 12N 092 33.29 G 12 LOT1 02 22N 09E 43.12 G 12 LOT2 02 22N 098 54.14 G 22 LOT3 02 12N 09E 54.18 G 12 LOT4 02 12N 09E 54.24 C 12 SW4NE4 S2NW4 SW4 02 12N 09E 280.00 G 12 ALL 16 12N 09E 640.00 G 12 TOTAL ACREAGE:* LEASE CONSOLIDATED FROM 62427910000 6099990000 POWER OP ATTORNEY: JOHN J. KELLY AFFIDAVIT: JEFFREY B. EPSTEIN TRUSTEE FOR ZORRO TRUST. 88793 1,158.97 TOTAL RENTAL: $922.91 "T.EEND: USE TYPE CODES CONSERVATION RESERVE PROGRAM J.= IRRIGATED CROPLAND, M= 2= BID IN DRYLAND FARMING, 3= H= 1/2 SOUTH FOR TOWNSHIP, H= LAND, 11. DRYLAND FARMING, G= RANGELAND, MOBILE HOME ON LAND, R= RSIP LAND, 1= BID ON GRAZING, BID ON IRRIGATED, 4= BID ON CRP LAND, 5= BID ON RSIP, 1/2 EAST FOR RANGE SDNY_GNL00173708 EFTA_00195363 EFTA01305608

EFTA_OD 1 95364 EFTA01305609

0 a AGRICULTURAL LEASE (EXPIRED AND ARCHIVED) - GM2791 COMPLETE LEASE FILE CONTENTS SONY GM_00173710 EFTA_OD 195365 EFTA01305610

irrtoto XPIRE 9-,D-ais CD --NI 4%) , 1111MILIMER GM2791AGR — — — SDNY_GM_00173711 EFTA_00 I 95366 EFTA01305611

(Page (t 2 of 53) NEW MEXICO STATE LAND OFFICE COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING P.O. BOX 1148, SANTA FE, NM 87504-1148 AGRICULTURAL LEASE LEASE NO. GN2791 THIS LEASE, DATED FEBRUARY 22, 1993, IS ENTERED INTO BY AND BETWEEN THE COMMISSIONER OF PUBLIC LANDS, NEW MEXICO STATE LAND OFFICE, STATE OF NEW MEXICO, HEREINAFTER CALLED "LESSOR" AND: ZORRO TRUST JEFFREY E. EPSTEIN - TRUSTEE HEREINAFTER CALLED "LESSEE(S)", WHOSE ADDRESS OF RECORD IS: 457 MADISON AVENUE NEW YORK NY 10022-0000 LESSOR AND LESSER AGREE AND COVENANT AS FOLLOWS: 1. LEASE. FOR AND IN CONSIDERATION OF AND SUBJECT TO THE RENTALS AND THE TERMS, COVENANTS, CONDITIONS, AGREEMENTS, OBLIGATIONS, AND RESERVATIONS CONTAINED IN THIS LEASE AND ALL OTHER EXISTING RIGHTS, LESSOR GRANTS AND LEASES TO LESSEE AND LESSEE TAKES FROM LESSOR THE TRACT(S) OF LAND DESCRIBED IN EXHIBIT A, ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. 2. TERN. THE TERN OF THIS LEASE SHALL BEGIN ON FEBRUARY 22, 1993 AND SHALL EXPIRE AT MIDNIGHT SEPTEMBER 30, 1994. 3. RENT. THE ANNUAL RENTAL 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 ECONOMIC VARIABLE INDEX (EVI), AS DEFINED BY STATE LAND OFFICE RULE 8.022(B). IN NO EVENT SHALL THE PRODUCT OF THE APPLICATION OF THE EVI, FOR EACH SUCCESSIVE YEAR OF THE LEASE TERM, BE DECREASED OR INCREASED BY MORE THAN THIRTY- THREE. AND ONE-THIRD PERCENT. IN THE CASE OF GRAZING RENTAL OFFERS ON OPEN ACREAGE OR PURSUANT TO COMPETITIVE BID, LESSOR MAY ACCEPT GREATER RENTAL AMOUNTS THAN THOSE DETERMINED BY THE FOREGOING FORMULA, BUT THE ANNUAL GRAZING RENTAL DUE IN ANY LEASE YEAR SHALL NOT BE LESS THAN THE FORMULA AMOUNT. THE ANNUAL RENTAL FOR CULTIVATED LAND, A"SorIATED LAND AND CONSERVATION RESERVE PROGRAM LAND SHALL BE DETERMINED BY LESSOR AND SHALL REMAIN UNCHANGED DURING THE TERN OF THE LEASE. THE TYPE OF LAND HEREBY LEASED AND THE ANNUAL RENTAL AMOUNT FOR THIS LEASE SHALL BE AS SET OUT IN EXHIBIT A HEREIN. 4. PERMITTED USE. LESSEE MAY USE THE LEASED PREMISES ONLY FOR SUCH OPERATIONS AND ACTIVITIES AS ARE NECESSARY TO CARRY OUT THE PURPOSES FOR WHICH THE LEASE IS GRANTED AS SPECIFIED IN EXHIBIT A, AND IN ORDER TO COMPLY WITH -ALL APPLICABLE PROVISIONS OF LAW REGARDING THE CARE AND PROTECTION OF THE LEASED PREMISES. SONV_OM_00173712 EFTA_00195367 EFTA01305612

(Pogo 3 of 53) O 5: LIEN. AS SECURITY FOR THE PAYMENT OF ANY RENT THAT IS OR MAY BECOME DUE AND UNPAID, LESSEE GRANTS TO LESSOR A FIRST AND PRIOR LIEN UPON ANY AND ALL IMPROVEMENTS AND CROPS ON THE LEASED PREMISES. 6. IMPROVEMENTS. NO IMPROVEMENTS, EXCEPT AS OTHERWISE PROVIDED BY LAW, SHALL BE PLACED ON THE LEASED PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF THE LESSOR. ALL IMPROVEMENTS PLACED ON THE LEASED PREMISES IN VIOLATION OF THIS PARAGRAPH SHALL BE CONSIDERED AND TREATED AS UNAUTHORIZED IMPROVEMENTS IN ACCORDANCE WITH THE APPLICABLE LAWS AND RULES. 7. ASSIGNMENT, SUBLEASE AND RELINQUISHMENT. LESSEE SHALL NOT ASSIGN OR SUBLEASE THE LEASED PREMISES OR THE IMPROVEMENTS ON SAID PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR AND SUCH OTHER REQUIREMENTS AS PRESCRIBED BY LAW OR RULE. AS PROVIDED BY LAW AND RULE ANY LEASE, IN GOOD STANDING, MAY BE RELINQUISHED TO THE STATE. UPON RELINQUISHMENT HOWEVER, THE LESSEE SHALL NOT BE ENTITLED TO A REFUND OF RENTALS PREVIOUSLY OWING AND PAID. 8. COLLATERAL ASSIGNMENTS. ANY AGRICULTURAL LEASE MAY BE ASSIGNED AS COLLATERAL SECURITY SUBJECT TO THE EXPRESS WRITTEN CONSENT OF THE LESSOR AND SUCH OTHER TERMS AND CONDITIONS AS PRESCRIBED BY LAW OR RULE. THE APPROVAL OF A COLLATERAL ASSIGNMENT, HOWEVER, SHALL NOT PREVENT THE CANCELLATION OF THE LEASE AND TERMINATION OF THE COLLATERAL ASSIGNMENT FOR THE NONPAYMENT OF RENTALS OR OTHER VIOLATIONS OP THE LEASE TERMS. 9. DEFAULT AND CANCELLATION. THE VIOLATION BY LESSEE OF ANY OF THE TERNS, CONDITIONS, OR COVENANTS OF THIS LEASE OR THE NONPAYMENT BY LESSEE OF THE RENT DUE UNDER THIS LEASE SHALL AT THE OPTION OF THE COMMISSIONER BE CONSIDERED A DEFAULT AND SHALL CAUSE THE CANCELLATION OF THIS LEASE 30 DAYS AFTER LESSOR HAS SENT. WRITTEN NOTICE OF SUCH DEFAULT TO THE LESSEE AND TO ANY HOLDERS OF COLLATERAL ASSIGNMENTS BY REGISTERED NAIL, ADDRESSED TO THE POST OFFICE ADDRESS or RECORD, PROVIDED, HOWEVER, IF WITHIN THE THIRTY DAYS THE LESSEE OR HOLDERS OF ANY COLLATERAL ASSIGNMENTS SHALL COMPLY WITH THE DEMAND MADE IN THE NOTICE, CANCELLATION SHALL NOT BE MADE. 10. RENEWAL. ANY LESSEE WHO DESIRES,TO SECURE A NEW LEASE SHALL MAKE AND FILE AN APPLICATION WITH THE LESSOR ON OR BEFORE AUGUST 1 NEXT PRECEEDING THE EXPIRATION OF THIS LEASE. THE RIGHT OF RENEWAL SHALL BE SUBJECT TO SUCH TERNS AND CONDITIONS AS PROVIDED FOR BY LAW AND RULE. 11. RESERVATIONS. A. LESSOR RESERVES THE RIGHT TO EXECUTE LEAES ON THE LAND GRANTED BY THIS LEASE FOR MINING PURPOSES AND FOR THE EXTRACTION OP OIL, GAS, SALT, GEOTHERMAL RESOURCES, AND OTHER MINERAL DEPOSITS THEREFROM AND THE RIGHT TO GO UPON, EXPLORE FOR, MINE, REMOVE AND SELL SAME. LESSOR FURTHER RESERVES THE RIGHT TO SELL OR DISPOSE OF NATURAL SURFACE PRODUCTS OF SAID LANDS OTHER THAN GRAZING, AGRICULTURAL OR HORTI- CULTURAL PRODUCTS AND TO GRANT SUCH OTHER RIGHTS-OF-WAY AND EASEMENTS AS PROVIDED SONY_GM 00173713 EFTA_00195368 EFTA01305613

(Page 4 of 53) • • SDNY_GM_00173714 EFTA_00 I 95369 EFTA01305614

( :It :I) • BY LAW. B. LESSOR RESERVES THE RIGHT TO WITHDRAW PURSUANT TO RULE, UP TO 640 ACRES, BUT IN NO CASE MORE THAN HALF, OF THE LAND HELD BY THIS LEASE. 12. COMPLIANCE WITH LAWS. LESSEE SHALL AT ITS OWN EXPENSE FULLY COMPLY WITH AND BE SUBJECT TO ALL LAWS, REGULATIONS, RULES, ORDINANCES, AND REQUIREMENTS OF LESSOR AND APPLICABLE CITY, COUNTY, STATE AND FEDERAL AUTHORITIES AND AGENCIES WHICH HAVE BEEN OR MAY BE ENACTED OR PROMULGATED, IN ALL HATTERS AND THINGS AFFECTING THE LEASED PREMISES AND OPERATIONS THEREON. SUCH OTHER AGENCIES SHALL NOT BE DEEMED THIRD PARTY BENEFICIARIES UNDER THIS LEASE. 13. HOLD HARMLESS. LESSEE SHALL SAVE AND HOLD HARMLESS, INDEMNIFY AND DEFEND LESSOR AND THE STATE OF NEW MEXICO, AND THEIR AGENT OR AGENTS, IN THEIR OFFICIAL AND INDIVIDUAL CAPACITIES, OF AND FROM ANY AND ALL LIABILITY CLAIMS, LOSSES, OR DAMAGES ARISING OUT OF OR ALLEGED TO ARISE OUT OF OR INDIRECTLY CONNECTED WITH THE OPERATIONS OF LESSEE UNDER THIS LEASE, OFF OR ON THE LEASED PREMISES CR ARISING OUT OF THE PRESENCE ON THE LEASED PREMISES OF ANY AGENT, CONTRACTOR OR SUBCONTRACTOR OF LESSEE. 14. AMENDMENT. THIS LEASE SHALL NCT BE ALTERED, CHANGED OR AMENDED EXCEPT BY INSTRUMENT IN WRITING EXECUTED BY LESSOR AND LESSEE. 15. WAIVER. NO WAIVER OF ANY BREACH OR DEFAULT BY LESSEE OF ANY OF THE TERMS, CONDITIONS CR COVENANTS OF THIS LEASE SHALL BE HELD TO BE A WAIVER OF ANY SUBSEQUENT BREACH. NO WAIVER SHALL BE VALID OR BINDING UNLESS THE SAME IS IN WRITING AND SIGNED BY LESSOR. 16. DELINQUENT RENTAL. ALL RENTAL PAYMENTS RECEIVED AFTER OCTOBER 1 OF EACH YEAR SHALL BE CONSIDERED DELINQUENT AND SHALL BE SUBJECT TO THE PAYMENT OF INTEREST AT A RATE OF ONE PERCENT (1%) A MONTH FOR ANY FRACTION OF A MONTH. INTEREST SHALL ACCRUE FROM THE DATE THE PAYMENT BECOMES DUE. 17. APPLICABLE LAW. THIS LEASE SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW MEXICO. 18. SUCCESSORS IN INTEREST. ALL TERNS, CONDITIONS AND COVENANTS IN THIS LEASE SHALL EXTEND TO AND BIND THE HEIRS, ASSIGNS, AGENTS, ATTORNEYS, CONTRACTORS AND SUCCESSORS IN INTEREST OF LESSOR AND LESSEE. 19. CARRYING CAPACITY REEVALUATION. THE LESSOR RESERVES THE RIGHT DURING THE TERM OF THIS LEASE, AND UPON THE LESSOR'S DISCRETION, TO CONDUCT CARRYING CAPACITY REEVALUATIONS AND MAKE THE NECESSARY ADJUSTMENTS TO THE LEASE AND RENTAL AS MAY BE REQUIRED. SLICGM_00173715 EFTA_00195370 EFTA01305615

(Page 6 of 53) • SDNY_GM_00173716 EFTA_00195371 EFTA01305616

(Page 7 of 53) WITNESS THE HANDS AND SEALS LESSOR AND LESSEE ON THE DAY AN YEAR FIRST ABOVE WRITTEN. 2 aRRO Mtn T LESSEE LESSEE 'Wu-7 LA". COMMISSION STATE OF NEW MEXICO COUNTY OF genno,L llo ) ) ) ACKNOWLEDGMENTS NATURAL PERSON(S) 1%.6, .• - THE FOREGMOINSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS /PA DAY OF cao°rtitE ,,,,, • et1.4>: w A ct.:ekc der DSO a(at,ce, a iF Lilt • Zo" STATE Or YIN MEXICO • COUNTY OF LEDGED) MaAti- r 1/4.426A4-9. e. 4.4.01 44} a ). atiA0—.44-A-d NOTARY PUBLIC 1915 ! ) ) PARTNERSHIP THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS BY (NAME OF PERSON ACKNOWLEDGED) PARTNER(S) ON BEHALF OF , A PARTNERSHIP. MY COMMISSION EXPIRES; DAY OF , 19 , NOTARY PUBLIC CORPORATION STATE OP NEW MEXICO ) ) COUNTY OP ) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE NE THIS DAY OF , 19 BY (NAME OF OFFICER) (TITLE OF OFFICER) (CORPORATION NAME) OF SAID CORPORATION.: MY COMMISSION EXPIRES: OF A CORPORATION, ON BEHALF • NOTARY PUBLIC SDNY_GML00173717 EFTA_0019537.2 EFTA01305617

Rage 8 of 53) • EXHIBIT A GM2791 PRICE CC 1ST AUTHORIZED PER AA YEAR SUBDIVISION SEC -TWK- -RNG- ACREAGE USE UNIT RP CHARGE LOTS 1,2,3,4,7,SW4NE4,82094,SW4 02 12.0N 09.06 518.97 GRAZING 12 383.75 ALL 16 12.0N 09.0E 640.00 GRAZING 12 473.24 ------ TOTAL ACRES: 1,158.97 TOTAL CHARGE: .6656.99 PARTIAL RELINQUISHMENT OP ON-2583 Ic • v • 9,/ N.0 1 SDNY_GAL00173718 EFTA_00195373 EFTA01305618

(Page 9 of 53) RECEIVED '93 NflI116 fill 10 28 STATE LAND OFFICE SANTA FE, N.M. O • SDNY_GM_00173719 EFTA_00 195374 EFTA01305619

(Page 10 of 53) LEASE NO: Cm-7791 MISCELLANEOUS INSTRUMENT PAGE UNDER COLLATERAL ASSIGNMENT TO: UNDER COLLATERAL ASSIGNMENT TO: DATE FILED' NO. DATE FILED NO. DATE RELEASED: DATE RELEASED: UNDER COLLATERAL ASSIGNMENT UNDER COLLATERAL ASSIGNMENT TO: TO: DATE FILED. NO. DATE FILED' NO. DATE RELEASED: DATE RELEASED: MISCELLANEOUS /NSTRUMENT: Power-of-Attorney, John J. Belly; Affiduvit,Jeffrey E. FILE NO: #8793 Epstein, Trustee for Zorro Trust. MISCELLANEOUS INSTRUMENT: FILE NO: MISCELLANEOUS INSTRUMENT: FILE NO: SDNY_GM_00173720 EFTA_00195375 EFTA01305620

p age II of 53) ( ill NEW CO STATE LANG OFFICE 6-m-.2-79/ PARTIAL ASSIGNATINVT OF AGRICULTURAL TEASE , (nye), the undersignedDuets), beeryum, l • to Jeffrey E. Epstein (7.; sue) ysiffisty,saegrey A/ad/64 gy vozz 2orro Trust, a New York Trust Telephone (111. as it relates to the lands described )-e1nw all (my/our) right, title and interest/in State Agricultural Lease No. 2583 and all rights to compensation for the improvements too the leased land, for which improvements (I/We) hereby either waive payment or acknowledge receipt of payment of full improvement value. (Uwe) understand and agree that any outstanding sublease of all or a portion of the leased lands is hereby laminated. the lands covered by said lease are described as follows: ToWnship 12 North Range 9 East section 2: . Lots 1,2,3,4,7, SANDs, S1/211141c, 5$c for 518.97acre Township 12 North Range 9 East section 16: All - 640.00 acres Total - 1,158.97 acres THIS LEASE ASSIGNMENT SHALL NOT BE EFFECTIVE UNLESS APPROVED IN WRUNG BY TIM COMMISSIONER OF MEM LANDS. County of411\4a- Stale ofAn e‘..40-0 ALI ° Subscribed and sworn to before me this 4z) day of tiLkeathm„, 19 OA & by AYN scan I L t (b)wei CI MY COMMLSSIONMMES: 10 - Lb-% Approved in fgvor of the aba.. ISTTIOCI ofinermee this 19 9-3 • orT:cta SZAL IVAD lr DVE KOTA2V MA:. IC STATG OF KW /4-N1C° My Commission Expires ASSIGNMENT FEE - (fifty dollars) S.56 (revised I/93) (1034 03-(e-93,111:06 550.011+ 10 ner of Public.Lan SDNY_GA4_00173721 EFTA_00 195376 EFTA01305621

/ (Elbe 12 of 'Si) • LCAG040-01 HEW MEXICO STATE LAND OFFICE • AGRICULTURE LEASE MASTER LIST 03/10/93 LESSEE NAME EST NR ID LEASEHOLDER NAME15) CAVEAT INTX BILL ATE " • 11760 53212 ZORRO TRUST JEFFREY E. EPSTEIN - TRUSTEE Y T • PAGE: 1 LEASE KR: GM2791 • CONTACT ERROR TELEPHONE INDICATOR • • BILLING ADDRESS: 457 MADISON AVENUE HEW YORK NY 10022-0000 • LEASE SEQ • Nit NR TYPE CONSOLIDATED FROM GM2791 000 RENEWAL • LEASE SEQ SEC TWO( RNG SUBDIVISION(S) ACREAGE TYPE PPU-- CC CHARGE INST • GM2791 001 02 12.OH 09.0E LOTS 192,3,4,7,5W4NE4,52NWO,SW4 OM2791 002 16 12.0N 09.0E ALL 518.97 640.00 GRAZING GRAZING 12 12 383.75 473.24 01 01 <HARHIHGW • LEASE TOTALS 1,158.97 $856.99 • TYPE: ACREAGE: • CHARGES: --RANGELAND- BID 1,158.91 .00 $856.99 0 00 __ -(CULTIVATED) DRY --IRRIGATED-- --ASSOCIATED- CRP -IMPROVEMENT- .00 .00 .00 .00 .00 .00 0.00 $.00 0.00 0.00 0.00 0.00 --- DISTRIBUTION SUMMARY ZZZZZ CUrr===== 0 • --LEDGER-- INST X INST X LEASE ACREAGE CHARGES 0 01 <<ERROR)). 01 1.000 1,158.97 $856.99 TOT <<ERROR>> 1.000 1,158.97 $856.99 • • • lee • • LLES6 I 00-V1.43 ZUCAD0 WO ANCIS • • • • • • • 11 • EFTA01305622

W64.1-4 iScut 94 elatr (lb ataffarf_l_ented 1-41,e) Aria -(0 Yle e. /2a 1 ,, S -7/O2. SCOIV_GII,00113723 EFWOO195378 EFTA01305623

"Li:/aiida • doer- - /a--31-40 Cm -/T/71 G-c-2.0 72- SDNY_GM_00173724 EFTA_00 195379 EFTA01305624

JIM BACA COMMISSCHER U *nu of Xlef73 ?Mexico V OFFICE OF THE Oraflanissionar of foliar Probe aunts NE March 11, 1993 Hinkle Law Firm (for Zorro Trust) C/O Norma Keranen 500 Marquette NW, Suite 800 Albuquerque, New Mexico 87102 RE: GRAZING LEASE NO. GM-2791 Dear Lessee(s): P0. BOX 1148 SANTA Ft NEW Mt(ICO 8750411/8 Enclosed for your execution is a copy of the above mentioned grazing lease for 1,158.97 acres due to a partial relinquishment of GM-2583. The lease needs to be executed on the enclosed signature pages before a Notary Public. Please be sure and sign your name(s) as it/they read on the face page of the lease. BOTH COPIES of the signed and notarized lease MUST BE RETURNED TO THIS OFFICE FOR THE COMMISSIONER'S APPROVAL. Once the lease is approved, a copy will be returned to you for your records. Please be advised that we need an original or certified copy of a Trust Agreement or Affidavit for Jeffrey E. Epstein, Trustee for 2orro Trust. Plese submit a $10.00.fee to record the document in our office. If ou have any questions regarding this matter, you can contact me at Sincerely., y Valdez Surface Division New Mexico State Land Office SDNY_GM_00 173725 EFTA_00 195380 EFTA01305625

(Page 16 of 53) Jill BAG COWASSOmm MEMORANDUM March 11, 1993 glade OFFICE OF THE Enturtisoioner of Public Paths Santa As PG.BOX114B SANTA Ft NEW MEXICO 17501-1146 TO: Grazing Lease No. GM-2583 FROM: Surface Division/J1v. SUBJECT: Partial Relinquishment from GM-2583 to GM-2791 This lease contains 21,334.74 acres but a partial relinquishment was approved by the Commissioner on February 22, 1993 in favor of Zorro Trust for 1,158.97 acres. The land description being relinquished is as follows: GT-2791 - Zorro Trust SUBDIVISION SECTION TOWNSHIP RANGE ACRES Lots 1,2,3,4.7.WiNEi, SiNWI,SWt All 1,158.97. The acreage remaining on this lease is 20,175.77. Attached is a copy of an adjusted Exhibit A. A worksheet will be prepared to amend the ledger maintenance file. 02 12 North 9 East 518.97 16 12 North 9 East 640.00 SDNY_GAL00173726 EF-EA_00I95381 EFTA01305626

(Page 17 of 53) HEW MEXICO STATE LAND OFFICE REQUEST FOR FIELD ASSIGNMENT add 347/f5 L02:t. DATE TO FIELD DIVISION: 3/g5/93 FIELD DIVISION CONTROL NO. Aile--K.Or REQUESTING DIVISION i'S'Unrertr,F .6; I); ,5 ; O4 BY:Atonp t , 1 FP-se:500k A n LEASE NUMBER: (/ 11^ 777/ TYPE OF REQUEST: ( -het th ..(14- NAME OF LESSEE/APPLICANT: Zip O t) tal 775 Ara- - Wagazet .gos ic im - —R , tis 4:...t. ADDRESS 4/5.'7 nil/ semi AVE Net s.i Yam, k ) New Ilictic /007 --) DESIGNATED CONTA Mtn, XL:Sr ; 414% nn• y #4 r",--1- Ra- Veight.)6 ankh-i ADDRESS 41R0i• toi is/ SoLl tin A rt.O.1.1....44v_ At 44-1 • 5 t. S e- 45°6 Flta" A/C I 5V-3 PHONE NO LEGAL DESCRIPTION SECT/O11: TAP. RGE. COUNTY: Ith - e l ""f 7rot .fir ) el A) 3 Re3/49 .429,, -cFF- 444n 0040 den- • '4°/v. SrA.05s el/an, cri5. a&Atican/ iT% 9:2/ 1 W ig tt a trac :A I /:41/3 I a /-r h e-n-Agsn 7", rt k, .1. 5 r tn•nr --- tht — ZIA/ 09e. Satpf\J DATE RETURNED TO REQUESTING DIVISION/BUREAU: LAND USE SPECIALIST RECOMMENDATION: RECOMMENDATION P VAL: FIELD DIVISION IREOUE ING DIVISION l -c9.? -93 DO NOT APP COMMENDATION: (PLEASE STATE REASONS) • • ACTION TAKEN BY REQUESTING DIVISION: DATE RETURNED TO LAND USE SPECIALISTI G-89 REVISED 1/91 . SDNY_GM_00173727 EFTA_00 195382 EFTA01305627

(Page 18 of 33) ?. akk?4 ,,adAxt_ • adhfriA- , ' et ift": 4 '7'7 SDNY_GM_00 173728 EFTA_00195383 EFTA01305628

(Page 19 of 53) AGRICULTURE LESSEE ORIENTATION Lease No. 674- 2711 Field Assign. No. fri..76 1. General discussion of State Land Office and its mission. (pamphlet) 2. General discussion of agricultural lease terms and conditions. (Copy of Lease) 63 a. Term loll. b. fluctuations is INIMMII rental 'En 031 c. Pan fitted est d. Multiple use concept. • e. Improvennatt g t. Sobleainp. g9. Rained process. Reservations. 13 L One percent interest en vapid balances. g j. Coming acuity reerdumions. 3. ig General discussion of Range Stewardship Incentive Program. 4. Er' General discussion of Rule 8. (Copy of Rule) 5. ° Transfer/Assignment of lease to new lessee. g a. Witbdiaweb. I3 b. Coverall:1n to cultivated land. c. Ping ins. 6. d Letter from Commissioner to lessees. 7. El Hunter access. I certify that the Land Use Specialist has gi e the documents required and has instructed me on the rms and conditions of ase. Loma SDNY_GM_00 173729 EFTA_00195384 EFTA01305629

(Page .20 of 53) 0 Lon c um, N A Nam MAW COPPED Aims I. MAXI. X. PAP D NANA PC a usettat Ca wpm WNJ PAY A ma I -AA ADAM IL %Wm PCP-. COAIXII. NANA Cu.v.• NOAPS.I .40:04 C amp. Wes. A a D. ANISE yews • aamil KAYO R WNW Demi WINN PIA% O. A40.0 NM. a ac t.. nue • OrSIA ant CAPSPIN JOIN" 0. MCI ANS DINE Se • Se.. Awn al ADAM- 40•CPI• MIS Teal a -w c awl c NAY 0 MANN •me•A T WOS NAM A OS • AMA ypI ANEW. ▪ C 00. Pam 0. IICNICAN MID N 004aCISMAY /-O-S Cite, • WC* niCZOMPILIJ.00•COM obrecita onset' Jesortios ANNA EWA • MAMA A Da Noma nnlloINI100, ( 0-N Dna. OA • Ni/WIT Dia IL WV • awa. memo AMMO CAM WOONS MANN m. PI -.y DAN AEA Mtolta• • want, ACISO J ODOM, AMA • MAME Gan web. Inman Lams JOIN P. WANDA twasue Pi owe Ca tamr. At a. Pe JAMS MA KmattAt WAD r WNW man ANA OM= • WM. SSW CIMILT 00001T *IOW •0•001101 INN uCtplatt w ars soma HINKLE, Cox,EATON,COFFIELOGI HENSLEY ATTORNEYS AT LAW SOO MASOLIEITC N.W. SUITE 000 POST op-vice sox 2013 ALEIJOLIEWOUE. NEW MEXICO 87103 'SOS, 70lE/000 PAN ;COSI 7IPS•ISES DAMNS( C. ANL mama NC GAAAWD. ANNA* WPC Os00' aA Swam 00•000. 0 is (0/6000, MAO Per a a IMO] ILIOSIO I4000.0 SOY 0.C. sea 0000.4 .•••• I IP *Wet March 15, 1993 Ms. Jenny Valdez Surface Division NM State Land Office P.O. Box 1148 Santa Fe, New Mexico 87504-1148 RE: Grazing Lease No. Dear Ms. Valdez: GM-2791 700 was OMR PLATA POST PM( OM PO IrONWL4. Are ARCS IMO. W E WAIN NW 01:14.1.1/ IMPQMWSMCCA • Oats WPM POSTOMECOOPM00 Nowa, mos whoa ;POI 041.0.04a, MP Nan 00JAIIII NM WAN Mtn Malmo POST orn:c SOX It)' •••••••0. IOLS Pews * MI IMAM Iy WON MEDD le 6041121•40. YMI ONKC DOf WM Sawn% ft KM IOC* NSA SON tIONISM MOOS INININgl Enclosed are two original leases, numbered GM-2791, signed by John Kelly as Attorney-in-Fact for Jeffrey Epstein, Trustee for the Zorro Trust, along with two original Affidavits signed by Mr. Epstein and a certified copy of the Power of Attorney between Mr. Epstein and John Kelly. I am also enclosing a check for $10.00. Please have the leases signed and approved and return a copy'to me, or our runner if possible, at your earliest convenience. Thank you. Should you have any questions, please do not hestitate to call me at Sincerely yours, HINKLE, COX, EATON, COFFIELD I HINCLEY litio7rna Norma J. Keranen Paralegal Enclosures SDNY_GM_00173730 EFTA_00195385 EFTA01305630

(Page 21 of 53) RECEIVED '93 fifiR 16 FIP110 28 STATE LAND OFFICE SANTA FE, N.M. - SDNY_GM_00173731 EFTA_00 I 95386 EFTA01305631

IPage 22 of 53) 00 • HINKLE, COX, EATON, COFFIELD & HENSLEY LOY COP ITICO •• •DIOCSOft. Pao Caps Joel N. POWs COO.* • COMM& APORY • loot OWOONOWO OWooRAOSO MCMVas.O.0 air Mwerboa ftwcwAft...a ...SAL • WIMP Mt. .. 1.II•Ct twal• 6. awns) Aw.. • "CLI, .00J4 a NOM.0 T. Caa ettla 'yam -o• 1104M0 C OLIO. MOWS • a. 1.01.• a Mall sarCS a MOMS owe C 0400 anon tealoora JLTV00 t *Swaf rote MCC Alt W0/2/0.4 SOO ITOOMICTO awn • an "WAS ••• maw) awe c eloseere Oaf • COOT*.* .001•6•4900SS O M.. la loot> a *WV offrOf Woe I lollaCCO• W an • COT •••••1.13 WWI LOOM • GOOTP•OPOI STCP.O1 CPpoPies Pau NOV* COMM, • Oat. =MO AOC A sato^t COP • ONO. S OON( WORT Aso M POMw a phOSAC. R.eMM Mum 7. Coreber oa., • per swan .4 OCICA. WaLty • spade OVALS A NOON otlamoo two OVOOpi OSCr ociunee••• NYCO IPPON SCOTT A 0./.00P ••••01 I. MOO OTOPPC C. 'at • • P.O. OS P. Poo •NOS tiCONSCO IP PCs mtarCO ArrO Plan AT LAW COO MANG CCCCC M.W. •W•C SOD POST OFFICE 00% 10a3 ALSUOUCROLIC, NCW MCXICO 07103 (SOS) 700.1400 P AN (SOS) 715(3.15tO OAPITCW4•••4••••••• ▪ C •••Awarta pews/ 4C is a wars w orwim C. • wooer, WM SACO AC 1.104,00 t .4••3 apiwn0A ••••••••••••11, Va. 9.1W November 3, 1993 COMMISSIONER OF PUBLIC LANDS P. O. Box 1148 Santa Fe, New Mexico 87504-1148 ATTENTION: • Jenny Valdez Surface Division Re: Zorro Trust, Lease No. GM 2791 Dear Ms. Valdez: 100 SWOT SAP. as. POST MT.{ On II POSTSLI. POI OCPCO SOSO MOO 111440/0 • •O• •O•tia 2•02 WM:CM Cann • sou Iowa posy Topa OW WO mama TOM 1100t YI ••••••• tax Sal 55345* 000 TCOI tWII OPISID4 ro sy OPPICI SOP DOS ••••••10. TOM 7001 NOV AMMO •00 Stla SO Pe POOTiaoliA POO Oft= so. t066 SANTA PC Na ICC° OSSA OOP M2.0•4 PAS was *swan. EfiClosed please find Hinkle, Cox check number 2502 in the amount of $872.22 for the annual rental payment due on the above- referenced lease. I understand the lease term covered by this payment runs from October 1, 1993 to September 30, 1994. A copy of the rental notice is attached for your reference. Our client, Jeffrey Epstein, the Trustee of Zorro Trust, pi:Wises me that your notices are being delayed in reaching him. The address on your records is correct, but Mr. Epstein asks that you add his name as Trustee of Zorro Trust to the address to insure that it is properly delivered. The complete address should now be: Jeffrey E. Epstein, Trustee Zorro Trust 457 Madison Avenue New York, NY 10022 0O91 II/0;193A ir D. " .2z Le Yee: SDNY_ON1_00 173732 EFTA_00 195387 EFTA01305632

(Page 23 of 53) RECEIVED ; O O '93 NOU 8 Arno 08 STATE t o In OFFICE SANIA FE. tl.M. SDNY_GM_00173733 EFTA_00 195388 EFTA01305633

(Page 24 of 53) • = 0 HINKLE. COX, EATON, COFFIELD E. HemsLEy Page 2 November 3, 1993 Please contact ne if you have questions. Sincerely yours, HINKLE, COX, EATON, COPP ELO HENSLEY 3,31:ch Enclosure to: Gie Marines* SDNY_GM_00 173734 EFTA_00 195389 EFTA01305634

(Page 25 of 53) RECEIVED '93 !JP 8 RN io us STATE (MID OFF/CE SANTA FE. U. M. • SDNY GM 00173735 EFTA_00 195390 EFTA01305635

(Pogo 26 of 53) <10' t7i RAY E. POWELL COMMISSONIER November 10, 1993 tats hrf Pita Pk -zit° OFFICE OF THE e ntunissioner of Fahliz Pulite Santa girt Soria Trust c/o Jeffrey S. Epstein - Trustee 457 Madison Avenue' New York, NY 10022 RE: State Crazing Lease OM-2791 Dear (6): P.0.00XII411 SANTArEdIEWMICO If75014I145 A review of our files indicates that the annual rental on your grazing Phase which was due October 1, 1993, remains unpaid at this tine. An interest fee of 1% per month will be d for each month the payment remains outstanding. Therefore, if you return your payment in November, you will need to submit $880.86 which includes a 2% interest fee. If you return your payment in December, you will need to submit $889.50 which includes a 3% interest fee. • If your payment including interest has been submitted, please disregard this letter. • • If you do not intend to continue to lease, please notify me accordingly. If you have any questions regarding this matter, please feel free to contact se at 837- 5731. Sincerely, eley-/C6 Mary Du8ose Surface Resources Division N.X. State Land Office a ;eatr _ cehatli - aO61- 10 e(ge re-;- • /etaAz, SDNY_GA.1_00173736 EF-EA_00I95391 EFTA01305636

(Page 27 of 53) S NEW MEXICO STATE LAND OFFICE APPLICATION Int PEEN/SSION TO RAZZ naniOVENENTS JEFFREY E. EPSTEIN ZORRO RANCH of (address) P.O. BOX 56_2- ST AN T.RY NM 87056 herewith make application for the written consent of the Commissioner of Public Lands co make improvesencs on the lands in Leese No. ANI-941941_. described as follows: GT() • 211CI I SURDIVISION it @vie-€.1(4 gm. 16 no. 12N gm 9E ACRES 640 If any or all proposed improvements ire to be built under a federal cost-shire program, please check which pro- gram or rrrrr aaa era involved and give actual cost of each ate.. Great Plains Program (SCS) ( ) - ASCS ( ) - OMR ( ) - NONE ( ) Barns, stables and corrals Nall (give depth and description) ygigg g N/A Fences (give length, i.e., miles or footage and kind) value S N/A Nindeill other improve eats Grass strip run9av for private plane. value s N/A Value N TOTAL VALUE OT DiPROVEKDITS $6,000.00 Amount to be defrayed by federal cost-share program, if any Value $ 0.00 Total economic cost expanded by LESSEE Value 6 000.00 Estimated time of JULY:1,:1994 r E. Epstein LESSEE I , Commissioner of Public Lands; hereby give my consent to the above lemem(s) to maim improvements as listed above, conditioned upon cbs comple- tion of construction and inatallation of such'improvements on or before 19 , and further conditioned upon receipt of t‘opyb. [-share agreement (whin applicable) and evidence of actual costs. APPROVAL DATE (On plat on reverse side Indicate approximate location of proposed improve...ors.) ‘ 6 Z 2I CONKISSIONER 0 PUBLIC LANDS 000 SLO 4-25-9411111 $30.00PAPPLICATION FEE $30.00 S-09 (REVISED 8/4/88) SDNY_GM_00 173737 EF-EA_00195392 EFTA01305637

(Page 28 of 53) 0 - RECEIVED ga ZS rin 9 90 r ik/E • , DFFICE • r e/ (311/02/1 PaaTa88) 60-S • - -- , -- -•••• . - • • •:' : • ;-- - P I .1 . : - , • : : — - --i • • : Il • . .. • 2 -1... .. . ..• • • 1 ••• — • . PC i• —i^ . '1". • I • • I I ' • ... it. r t---- • • . . . . _ _ . " ..% s • : ....!. . • . ...:.• ' s : ...... l• . " . • .. . : ! • -. : . .. — ..— - : - - • - ' la 1. t . . t : ; • • t . .. 10 -.1- : -- • : : . .. .. ■ • • _ ...... ' •O : . i : ' -1' . • • : •■ i Milk : "Il : •• • : I s ' . ..- ►— : : ' : -4.- -. i s : : — : • • - . .. .--• i s • MI s I • 041 r : : • • t . F . . ..e. • • • . : N . —4'" . . ..?.. 1 • : . . L ..i , -.I .1 ... • - .. ... • .. ÷ . • — 4.- . ..”... • • 1- . . "2 . . . .1 . : : I ... N: • zi •. : . • I : r : : . • : : . • : .' ." .. jE ..1.. 1.• 1 .1 .• ••1•• ••r •i— —I— —i• --I— -- — ..• s • • . . s : i i s ! ! • . • I. I rigr Surd Vhs1 gy.ury ubinai I -1.0I Inn drgnuaol 'Surd /N 'Munoj 56 g Bury Nw eel NZ T 33 VINVS SDNY_GM_00173738 EFTA_00 195393 EFTA01305638

(Page 29 of 53):,..,• 0 NEW MEXICO STATE LAND OFFICE REQUEST FOR FIELD ASSIGNMENT 842 6////94, DATE, TO FIELD DIVISION: S& IT/ • FIELD DIVISION CONTROL NO. )^4 REQUESTING DIVISION SUrialte BY: allb./14 ina e LEASE NUMBER: GT17 - 979/ TYPE OF REQUEST: j__Thpnwrfien-i— NAME OF LESSEE/APPLICANT: . 7orro ADDRESS c )0 uerrmi Ep,S4-eiN Pp DESIGNATED CONTACT ' .250/Me ADDRESS Sa/nt LEGAL DESCRIPTION 157 Mac/ th071 fig/. Akio Or, Ai Y101.11, PHONE NO. SECTION: YWP. RGE. COUNTY: /49 latu % Sonia F . ;rI p &Lae A IR O T 6.4_,Iet7t.444astotiec:#07,k REMARKS: 1;) (0 Cheer 71--br om achy" sileitag$ 'an -these !m voice/1j 1 be The crn -Please fittre61 and Pith yoUr iteenmend h(725 and (141 fiss: Tn. Bo 544 c. -1.tini-e )krii 87051D DATE RETURNED TO REQUESTING DIVISION/BUREAU: 1-5015/44- LAND USE SPECIALIST RECOMMENDATION: ?,64d.:41/../...-42rili pie:r1444..) app/tai y RECOMMENDATI N PROVAL: FIELD DIVISION 'REQUESTING DIVISION 7f DO NOT APP RECOMMENDATION: (PLEASE STATE REASONS) N TAKEN BY R QUE TING DIVISION: Cfln1 DATE ED TO G-89 REVISED 1/91 SPECI IST: SDNY_GA4_00173739 EFTA_00 195394 EFTA01305639

(Page 30 of 53) RAY rows!.. coADCM9OMER 0 $1the of !rein Alexia, Qloutatissionn of public 'Pubs MOLD SANTA FE TRAIL Pe DCX ine SARUMNEW IAEXICON7504-1141 MAY is, 1994 TO: RAY POWELL, H.S., D.V.M., COMMISSIONER OF PUBLIC LAND FROM: MARCUS J. GARCIA LAND USE SPECIAL SUBJECT: GM-2791. APPLICATION FOR'IMPROVEMENTS. ZORRO TRUST. ASSIGNMENT RECEIVED MAY 11, 1994. • 6451 4174760 FAX 6051 1,274X4 MSG -684 REMARKS As per the attached correspondence, the lessee requests that the subject application for improvements be withdrawn, and so it is recommended. LEGAL DESCRIPTION Within section 16 of township 12 north, range 9 east, N.M.P.M., Santa Fe county, New Mexico. MJG SONY_GM_00 173740 EFTA_00 195395 EFTA01305640

(Page 31 (14(35Sn- 1994 11:59A1 FROM ZORRD (PINCH TO • Zorn' Ranch 182?57E6 P.01 P.O. Box 567 Stanley, New Maim 87056 Fa FAX TRANSMISSION COVER SHEET Date: May 18, 1YY4 To: Marcus Garcia New Mexico State Land Office Fax: Subject Sat Shannon Pritchard YOU SHOULD RECEIVE 2 PAGE(S). INCLUDING THIS # YOU DO NOT RECEIVE ALL THE PAGES, PLEASE riust..4.4......a.i.ny a. ue kar de leado...1 •141.4164.11•••• as. ..s7 wa* %Am sad Y44 ra map lance as lateMeirop1en. posit Roby KOSS skit sayilliaailiudonabethafa (Opitvi avd netInd Ole 0400MhZeill In awe. flag. redly Inseliesky Ivy isispient.t. any fa iu men Therilirc. SDNY_GNL00173741 EF-EA_00195396 EFTA01305641

(Page 32 ot,53$8-199.2 11 5941 FROM ZORRO RANCH TO 18275766 P.02 zoitity RANcri May 12, 1994 Mr. Mama Garcia New Mmdco State Land Office Mid Division P.O. Box 1148 Santa Fe, New Mexico 87304.1198 RE: ZORRO RANCH Dear Mr. Garth. This letter is to inform you and your office that Zorro Ranch is no longer pursuing the permitting process for the construction of a grass landing strip on New Modzo state land. Please stop all permitting action on this file. Thank you, let /Hart Cri cc. Jeffrey Epstein V • P.O. Box 567, Stanley, New Mexico .87056 * * (5051832-2676 Fax. TOTAL P. 02 SDNY_GM_00173792 EFTA_00 195397 EFTA01305642

(Page 33, of 53) • • • NEW NEEICO STATE LAND OFFICE REQUEST FOR FIELDASSIGNMENT DATE TO FIELD DIVISION: 5/4 195/ FIELD DIVISION CONTROL NO. REQUESTING DIVISION Sarum BY: :parka, InaTc-ias LEASE NUMBER: G07-974Y TYPE OF REQUEST: rThry()Unne./1-1-- NAME OF LESSEE/APPLICANT: 7OreO—Fiusi- ADDRESS eh) 3ePPrey E. Epnikeita , 157 inadiaoli 41,. gay Vorr Y DESIGNATED CONTACT .Satine ADDRESS some LEGAL DESCRIPTION SECTION: /49 PHONE NO TWP. RGE. COUNTY: 10w 9r sank? REMARKS: rho s cheat )1-Or any acintsleaget tan #ese Improxe em13 be rhee ern 11-0740 /aril ?feriae htpethl gn mare your fiwninPythdatiern3 Onci, Oddieg ?flaw 519r1 r -itinteji Awn 87051a DATE RETURNED TO REQUESTING DIVISION/BUREAU: LAND USE SPECIALIST RECOMMENDATION: RECOMMENDATION APPROVAL: FIELD DIVISION IREQUESTING DIVISION DO NOT APPROVE RECOMMENDATION: (PLEASE STATE REASONS) ACTION TAKEN BY REQUESTING DIVISION: . DATE RETURNED TO LAND USE SPECIALIST: G-89 REVISED 1/91 SDNY_GM_00173743 EFTA_00 195398 EFTA01305643

State of Newt Modto " SAY A POI7P-LL COLIII4$0NUI . Zorro P. tanley, NM 87056 ineigr.eme gareiv ei- 7 Af COITITIIISSiOrter Rae Lands 1.0.10X 1144 RAM ft NEW ilDICO/Y404-114 4/5 achion Ave. x 567 ' rt e, kr/Odaz)- Referepee Agricultural Lease No. GN-2791 Improvement Application Attn: Jeffrey E. Epstein Date Nay 23, 1994 SUBJECT: THE ATTACHED DOCUMENT IS FOR YOUR COMPLIANCE WITH THE REQUIREMENTS INDICATED WITH CHECK MARKS. 1. Please sign enclosed copy(iss) on referenced Lease(s) before a Notary Public and return-in order to complete the Lease(s). 2. Enclosed referenced assignment(s) transferred by. and approved by Commissioner on 3. 1.--1 Asia nt(e) will not be accepted duo to: /--7- Erasures in description, Strikeover(s) in description, 1-7 Executed on improper forms, i::71ntomplete description, 7/ Acknowledgement is incomplete. Please re-issue a new assignment. 4: Please furnish this office with $500.00 Single Damage Bond or' $2,500.00 Blanket Damage Bond, as required by Statute so Lease can be approved. S. Lands applied for are under Purchase Contract. You must obtain written 'consent from . Your application will be held in abeyance awaiting this consent. /77 Approved eopy(ies) of your (is/are) enclosed for your files. 7. Apr Other: As per your letter dated May 12, 1994, Ale improvement Application —.has been cancelled. If you have any questions regarding this matter, please contact me at S ncerely, 0 1/40..0.0 MnvtAw Darlene Maestes, Grazing Section burrito. Resources Division G-76 (February 15, 1984) SDNY_GM 00173744_ EFTA_00 195399 EFTA01305644

(rape 35 of 531 Sr . _ • NEW MEXICO STATE LAND OFFICE COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING P.O. BOX 1148i-SANTA FE, NM 87504-1148 AGRICULTURAL LEASE LEASE NO. GM2791 THIS LEASE, DATED OCTOBER 1, 1994, IS ENTERED INTO BY AND BETWEEN THE COMMISSIONER OF PUBLIC LANDS, NEW MEXICO STATE LAND OFFICE, STATE OF NEW '.ICO, HEREINAFTER CALLED "LESSOR", AND: ZORRO TRUST HEREINAFTER CALLED "LESSEE(S)", WHOSE ADDRESS OF RECORD I C/O JEFFREY E. EPSTEIN 457 MADISON AVE NEW YORK LESSOR AND LESSEE AGREE AND COVENANT AS FOLLOWS: 1. LEASE. NY 10022-0000 XYIEF: „AIM FOR AND IN CONSIDERATION OF AND SUBJECT TO THE RENTALS AND THE TERMS, COVENANTS, CONDITIONS, AGREEMENTS, OBLIGATIONS, AND RESERVATIONS CONTAINED IN THIS LEASE.AND ALL OTHER EXISTING RIGHTS, LESSOR GRANTS AND LEASES TO LESSEE AND LESSEE TAKES FROM LESSOR THE TRACT(S) OF LAND DESCRIBED IN EXHIBIT A, ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. 2. TERM. THE TERN OF THIS LEASE SHALL BEGIN ON OCTOBER 1, 1994 AND SHALL EXPIRE AT MIDNIGHT SEPTEMBER 30, 1999. 3. RENT. THE ANNUAL RENT NL SHALL NOT BE LESS THAN THE MINIMUM RENTAL ESTABLISHED BY SECTION 19-7-29 NMSA 19/8 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 POR GRAZING LAND SHALL BE DETERMINED AS FOLLOWS: ANNUAL RENTAL = BASE VALUE X CARRYING CAPACITY X ACREAGE X ECONOMIC VARIABLE INDEX (EVI), AS DEFINED BY STATE LAND OFFICE RULE 8.022(8). IN NO EVENT SHALL THE PRODUCT OF THE APPLICATION OF THE EVI, FOR EACH SUCCESSIVE YEAR LOP THE LEASE TERM, BE DECREASED OR INCREASED BY MORE THAN THIRTY- THREE AND ONE-THIRD PEWEE?. IN THE CASE OF GRAZING RENTAL OFFERS ON OPEN ACREAGE OR PURSUANT TO COMPETITIVE BID, LESSOR MAY ACCEPT GREATER RENTAL AMOUNTS THAN THOSE DETERMINED BY THE FOREGOING FORMULA, BUT THE ANNUAL GRAZING RENTAL DUE IN ANY LEASE YEAR SHALL NOT BE LESS THAN THE FORMULA AMOUNT. THE ANNUAL RENTAL FOR CULTIVATED LAND, ASSOCIATED LAND AND CONSERVATION RESERVE PROGRAM LAND SHALL BE DETERMINED qy LESSOR AND SHALL REMAIN UNCHANGED DURING THE TERM OP THE LEASE. THE TYPE OF LAND HEREBY LEASED AND THE ANNUAL RENTAL AMOUNT FOR THIS LEASE SHALL BE AS SET OUT IN EXHIBIT A HEREIN. 4. PERMITTED USE. LESSEE MAY USE THE LEASED PREMISES ONLY FOR SUCH OPERATIONS AND ACTIVITIES AS ARE NECESSARY TO CARRY OUT THE PURPOSES FOR WHICH THE LEASE IS GRANTED AS SPECIFIED IN EXHIBIT A, AND IN ORDER TO COMPLY WITH ALL APPLICABLE PROVISIONS OF LAW REGARDING THE 000 SLO 7/14/9411134 1916.31F4 000 SLO 7/14/949135 150.0014 SONY_GM_00173745 EFTA_00195400 EFTA01305645

(Page 36 of 53) ' 04 " • 64: 14 ' 0712 oil qtadri ; • If • /. • SONY GM 00173746 EFTA_00195401 EFTA01305646

(Pogo 37 of 53) • • ; t. • • CARE AND PROTECTION OF THE LEASED PREMISES. 5. LIEN; AS SECURITY FOR THE PAYMENT OF ANY RENT THAT IS OR HAY BECOME DUE AND UNPAID, LESSEE GRANTS TO LESSOR A FIRST AND PRIOR LIEN UPON ANY AND ALL IMPROVEMENTS AND CROPS ON THE LEASED PREMISES. 6. IMPROVEMENTS. NO IMPROVEMENTS, EXCEPT AS OTHERWISE PROVIDED BY LAW, SHALL BE PLACED ON THE LEASED PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF THE LESSOR. ALL IMPROVEMENTS PLACED ON THE LEASED PREMISES IN VIOLATION OF THIS PARAGRAPH SHALL BE CONSIDERED AND TREATED AS UNAUTHORIZED IMPROVEMENTS IN ACCORDANCE WITH THE APPLICABLE LAWS AND RULES. 7. ASSIGNMENT, SUBLEASE AND RELINQUISHMENT. LESSEE SHALL NOT ASSIGN OR SUBLEASE THE LEASED PREMISES OR THE IMPROVEMENTS ON SAID PREMISES WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR AND SUCH OTHER REQUIREMENTS'AS PRESCRIBED BY LAW OR RULE. AS PROVIDED BY LAW AND RULE ANY LEASE, IN GOOD STANDING, MAY BE RELINQUISHED TO THE STATE. UPON RELINQUISHMENT HOWEVER, THE LESSEE SHALL NOT BE ENTITLED TO A REFUND OF RENTALS PREVIOUSLY OWING AND PAID. 8. COLLATERAL ASSIGNMENTS. ANY AGRICULTURAL LEASE MAY BE ASSIGNED AS COLLATERAL SECURITY SUBJECT TO THE EXPRESS WRITTEN CONSENT OF THE LESSOR AND SUCH OTHER TERMS AND CONDITIONS AS PRESCRIBED BY LAW OR RULE. THE APPROVAL OF A COLLATERAL ASSIGNMENT, HOWEVER, SHALL NOT PREVENT THE CANCELLATION OF THE LEASE AND TERMINATION OF THE COLLATERAL ASSIGNMENT FOR THE NONPAYMENT OF RENTALS OR OTHER VIOLATIONS OF THE LEASE TERMS. 9. DEFAULT AND CANCELLATION. THE VIOLATION BY LESSEE OF ANY OF THE TERMS, CONDITIONS, OR COVENANTS OF THIS LEASE OR THE NONPAYMENT BY LESSEE OF THE RENT DUE UNDER THIS LEASE SHALL AT THE OPTION OF THE COMMISSIONER BE CONSIDERED A DEFAULT AND SHALL CAUSE THE CANCELLATION OF THIS LEASE 30 DAYS AFTER LESSOR HAS SENT WRITTEN NOTICE OF SUCH DEFAULT TO THE LESSEE AND TO ANY HOLDERS OP COLLATERAL ASSIGNMENTS BY REGISTERED MAIL, ADDRESSED TO THE POST OFFICE ADDRESS OF RECORD, PROVIDED, HOWEVER, IF WITHIN THE THIRTY DAYS THE LESSEE OR HOLDERS OF ANY COLLATERAL ASSIGNMENTS SHALL COMPLY WITH THE DEMAND MADE IN THE NOTICE, CANCELLATION SHALL NOT BE MADE. 10. RENEWAL. ANY LESSEE WHO DESIRES TO SECURE A NEW LEASE SHALL )(AXE AND FILE AN APPLICATION WITH THE LESSOR ON OR BEFORE AUGUST 1 NEXT PRECEEDING THE EXPIRATION OF THIS LEASE. THE RIGHT OF RENEWAL SHALL BE SUBJECT TO SUCH TERMS AND CONDITIONS AS PROVIDED FOR BY LAW AND RULE. 11. RESERVATIONS. A. LESSOR RESERVES THE RIGHT TO EXECUTE LEAES ON THE LAND GRANTED BY THIS LEASE FOR MINING PURPOSES AND FOR THE EXTRACTION OF OIL, GAS, SALT, GEOTHERMAL RESOURCES, AND OTHER MINERAL DEPOSITS THEREFROM AND THE RIGHT TO GO UPON, EXPLORE FOR, MINE, REMOVE AND SELL SAME. LESSOR FURTHER RESERVES THE RIGHT TO SELL OR DISPOSE OF NATURAL SURFACE PRODUCTS OF SAID LANDS OTHER THAN GRAZING, AGRICULTURAL OR HORTI- SDNY_GM_00173747 EFTA_00195402 EFTA01305647

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(Page . 35 of 53) CULTURAL PRODUCTS AND TO GRANT SUCH OTHER RIGHTS-OF-WAY AND EASEMENTS AS PROVIDED BY LAW. LESSOR RESERVES THE RIGHT TO WITHDRAW PURSUANT TO RULE, UP TO 640 ACRES, BUT IN NO CASE MORE THAN HALF, OF THE LAND HELD BY THIS LEASE. 12. COMPLIANCE WITH LAWS. LESSEE SHALL AT ITS OWN EXPENSE FULLY COMPLY WITH AND BE SUBJECT TO ALL LAWS, REGULATIONS, RULES, ORDINANCES, AND REQUIREMENTS OF LESSOR AND APPLICABLE CITY, COUNTY, STATE AND FEDERAL AUTHORITIES AND AGENCIES WHICH HAVE BEEN OR MAY BE ENACTED OR PROMULGATED, IN ALL MATTERS AND THINGS AFFECTING THE LEASED PREMISES AND OPERATIONS THEREON. SUCH OTHER AGENCIES SHALL NOT BE DEEMED THIRD PARTY BENEFICIARIES UNDER THIS LEASE. 13. HOLD HARMLESS. LESSEE SHALL SAVE AND HOLD HARMLESS, INDEMNIFY AND DEFEND LESSOR AND THE STATE OF NEW MEXICO, AND THEIR AGENT OR AGENTS, IN THEIR OFFICIAL AND INDIVIDUAL CAPACITIES, OF AND FROM ANY AND ALL LIABILITY CLAIMS, LOSSES, OR DAMAGES ARISING OLT OF OR ALLEGED TO ARISE OUT OF CR INDIRECTLY CONNECTED WITH. THE OPERATIONS OF LESSEE UNDER THIS LEASE, OFF OR CN THE LEASED PREMISES OR ARISING OUT OF THE PRESENCE ON THE LEASED PREMISES OF ANY AGENT, CONTRACTOR OR SUBCONTRACTOR OF LESSEE. 14. AMENDMENT. THIS LEASE SHALL NOT BE ALTERED, CHANGED OR AMENDED EXCEPT BY INSTRUMENT IN WRITING EXECUTED BY LESSOR AND LESSEE. 15. WAIVER. NO WAIVER OF ANY BREACH OR DEFAULT BY LESSEE OF ANY OF THE TERMS, CONDITIONS OR COVENANTS OF THIS LEASE SHALL BE HELD TO BE A WAIVER OF ANY SUBSEQUENT BREACH. NO WAIVER SHALL BE VALID CR BINDING UNLESS THE SANE IS IN WRITING AND SIGNED BY LESSOR. 16. DELINQUENT RENTAL. ALL RENTAL PAYMENTS RECEIVED AFTER OCTOBER 1 OF EACH YEAR SHALL BE CONSIDERED DELINQUENT AND SHALL BE SUBJECT TO THE PAYMENT OF INTEREST AT A RATE OF ONE PERCENT (1%) A MONTH FOR ANY FRACTION OF A MONTH. INTEREST SHALL ACCRUE FROM THE DATE THE PAYMENT BECOMES DUE. 17. APPLICABLE LAW. THIS LEASE SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW MEXICO. 10. SUCCESSORS IN INTEREST. ALL TERMS, CONDITIONS AND COVENANTS IN THIS LEASE SHALL EXTEND TO AND BIND THE HEIRS, ASSIGNS, AGENTS, ATTORNEYS, CONTRACTORS AND SUCCESSORS IN INTEREST CF LESSOR AND LESSEE. 19. CARRYING CAPACITY REEVALUATION. THE LESSOR RESERVES THE RIGHT DURING THE TERM OF THIS LEASE, AND UPON THE LESSOR'S DISCRETION, TO CONDUCT CARRYING CAPACITY REEVALUATIONS AND MAXE THE NECESSARY ADJUSTMENTS TO THE LEASE AND RENTAL AS MAY BE REQUIRED. SON1(_GM_00173749 EFTA_00195404 EFTA01305649

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(Pogo 41 of 53) WITNESS THE HANDS AND LESSEE JEFFREY LESSEE S IS OF AND LESSEE ON THE DAY AND YEAR FIRST ABOVE WRITTEN. . * • COEMISSIONER :Ofd.O,ist4-t • i—ai - 1 •-4/, %'? I 1. 0 t • SLd • • .••••• II% • ... . 'f*.k? c. •••, - . . STATE OP NEW MEXICO COUNTY OF ) ) ) ACKNOWLEDGMENTS NATURAL PERSON(S) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS BY (NAME OF PERSON ACKNOWLEDGED) MY COMMISSION EXPIRES: DAY OF , 19_, NOTARY PUBLIC STATE OF NEW MEXICO ) ) COUNTY OF ) PARTNERSHIP • THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS BY (NAME OP PERSON ACKNOWLEDGED) PARTNER(S) ON BEHALF OP MY COMMISSION EXPIRES: DAY OF , 19 , A PARTNERSHIP. NOTARY PUBLIC STATE OF NEW MEXICO COUNTY OF -69RPGRA94433 1R 11SY THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS S DAY OF BY enr s& oxER; Coloryo (csEtee, MIME) ! OF SAID eeppeRAGEGiat wirs 7E-usT MY COMMISSION EXPIRES: - A pa? , 191:n, , (TITLE OF OFFICER) OF emisr, eatifeRMAIGN, ON BEHALF HARRY N S . New a _ t fityrkR. W, tate of N r No. 24-4853924 oudned In Kings taint, Commlsiton Expires Feb.12. a " 0 :{gyp, 5.O rn41; '4 lc . `' a ........... . ... SDNY_GM_00173761 EF-EA_00195406 EFTA01305651