(Page 42 of S3) •• • e • ..-,•!•••• 1s Iv•lliil • iZ•E ••• i1 I • S SDNY_GM_00173752 EFTA_00195407 EFTA01305652

Rage 43 of 53) . . NEW MEXICO STATE LAND OFFICE APPRAISEMENT OF GRAZING AND AGRICULTURAL LANDS COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING PO BOX 1140, SANTA FE, NSW MEXICO 87504-1148 LESSEE: SECTION 10 OF 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 THAT INDIVIDUAL'S INFORMATION AND BELIEF. 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. I, (FtiSL-e\inle F1/4")(Nlet..t— THE PENALTIES OF PERJURY, THAT AFTER HAVING CONTAINED IN LEASE NO. 9544 27A3 AND OPINION OF THE APPRAISED ASH YALU OF SAME ACRE, IF SOLD, AND $ Jitarna PER ACRE, INTERESTED IN SAID LAND FOR LEASING OR SALE SUBSCRIBED AND SWORN TO BEFORE HE THIS MY COMMISSION EXPIRES: , DO SOLEMNLY SWEAR (OR AFFIRM), UNDER PERSONALLY INSPECTED THE TRACT OF LAND(S) DESCRIBED IN EXHIBIT A OF SAID LEASE, THAT HY (WITHOUT IMPROVEMENTS) IS $ ladkD.460 PER FOR LEASE PUR D CERTIFY THAT I AN NOT THEREOF. SIGNED ADDRESS CITY/STATE DAY OF M&-4 HARRY L BELLER_ liabsy Public2, State of 4New Uric No. 4485392 Qualified In loos Coo , Commission &Oros Feb. 17, 7a7 19 OTARY PUBLIC 00;04* - • •..k. • M ........... t it .• Az cps ••• .. "4,1: . 46-1; ''''' e • • • nee ' ..4°•••••• SONNIGM_00173753 EFTA_00195408 EFTA01305653

(Page 44 of 53) nli 8 16 • • . . . tuE ;;;;.:1; FE, • • SDNY_GM_00173754 EFTA_00195409 EFTA01305654

(Page 45 of 53) • • • EXHIBIT A GM2791 PRICE CC R 1ST • AUTHORIZED PER AA S YEAR SUBDIVISION SEC -TUN- -RIM- ACREAGE USE UNIT RP P CHARGE LOTS 1,2,3,4,7,SW4NE4.52NW4,SW4 02 12.0N 09.08 518.97 GRAZING 12 410.31 ALL 16 12.0N 09.0E 640.00 GRAZING 12 506.00 TOTAL ACRES: 1,158.97 TOTAL CHARGE: 5916.31 RENEWAL LEASE SDNY_GNL00173755 EFTA_00195410 EFTA01305655

(Page 46 of 53) O .. • en:. . ') if? VI • 'fl 120y 12 Oy • • Iw SDPIY_GM 00173756 EFTA_00195411 EFTA01305656

:Page 47 of 53) State cf.NewMexico MY D. POWELL commas e Commissioner 4 Public Lands J i . Zorro ?Let c/o Jeffrey E. Epstein ' 457 Madison Ave. • New York, NY 10022 P.O. BOX INS SANTA Ft NEW MUI 117501-1144 Reference Agricultaral Lease No. GM-2791 Date July 15, 1994 SUBJECT: THE ATTACHED DOCUMENT IS FOR YOUR COMPLIANCE WITH THE REQUIREMENTS INDICATED WITH CHECK MARKS. 1. 0 Please sign enclosed copy(ies) on referenced lease(s) before a Notary Public and return in order to complete the Lease(s). 2. 1--71 Enclosed referenced assignment(s) transferred by and approved by Commissioner on 3. / /Aleignment(a) will not be accepted due to: 0 Erasures in description, Strikeover(s) in description, Executed on improper forms, 1::71ncomplete description, /7 Acknowledgement is incomplete. Please re-issue a new assignment. 4; /::7 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. 5. 1-7 Lands applied for are under Purchase Contract. You must obtain written • consent from . Your application will be held in abeyance awaiting this consent. 6. C7 Approved copy(ies) of your (is/are) enclosed for your files. 7. j/ Other: Be advised that your renewal package was received incomplete. The enclosed "Appraisement" form needs to be completed, please follow the instructions (#5) highlighted on the next page, and return to this office as soon as possible. If you have any questions regarding.this matter, please contact me at Darlene Meestas, Grazing Sectic C-76 (February 15, 1984) SDNY_GNL00173757 EFTA 00195412 EFTA01305657

TFACP NO' CM-7791 MISCELLANEOUS INSTRUMENT PAGE UNDER COLLATERAL ASSICRIENT TO: DATE FILED- NO. UNDER COLLATERAL ASSIGNttarr It: DATE FILED NO. DATE RELEASED: DATE RELEASED: UNDER COLLATERAL ASSIGNMENT UNDER COLLATERAL ASSIGNMENT TO: TO: DATE FILED- NO. DATE FILED: NO. DATE RELEASED: DATE RFTMISED- KLSCELLANEOUS ENSTRUKENT: Power-of-Attorucy, John J. Kelly; Affidnvit;Jeffrey E. FILE NO: #8793 Epstein, Trustee for Zorro Trust. MISCELLANEOUS INSTRUMENT: FELE NO: TELSCEIJANFJOUS INSINEDILIKT: FILE NO: MISCELLANEOUS INSTRUMENT: FILE NO: COMMENTS: SDNY_GM_00173758 EFIA_OO195413 EFTA01305658

(Page 59 of ,I, AA" emu Dorv\__c_c a o-- fr srn4AA ft-e_ar›c__ ca-Lx_ ' o.J 11/ukfa)3 EFTA01305659

{Page 50 of 53) r ; D SIVS6100- VJ-43 09LELLOCIW-ANCIS 27 p i 0 0 - h 16 e' I •bt c I • • EFTA01305660

(Page 51 of 53) • STATE OF NEW MEXICO COMMISSIONER OF PUBLIC LANDS Ray Powell, M.S., D.V.M. GM 2791 ZORRO TRUST CO JEFFREY E. EWEN 457 MADISON AVE rev yOltit,t0IY 10022 • . c.) • a (. April Int Dear Lessee(s): Please be aware that the above referenced Agricultural Lease is due to expire on September 30, 1999. The renewal contracts will be sent to you on July I, 1999 for your execution. Therefore, now is the time to notify our office of any address changes or 'other corrections needed prior to the renewal of your Agricultural Lease. The name(s) listed above are the name(s) as they arc given on your contract. Each individual listed above will be required to sign the contact unless a proper Power-of-Attorney is filed with this office. Please take a few minutes to review your Agricultural Lease with regards to the lease ownership, address, or description of acreage. Any information you can provide us with now relative to any changes or corrections needed to your lease will assist us in preparing your renewal contract. If any changes of ownership are needed; it is recommended that ou contact Jenny Valdez as soon as possible at the address below or by calling in order to receive the necessary forms for the lease transaction. Please be aware that processing any lease transfer between the dates of June 1, 1999 and September 1, 1999 may jeopardize the opportunity to match any rental offer submitted by a competing applicant. If you have any questions re ardin your lease renewal or need further assistance, please contact Fernando Roybal at Sincerely, P4(4t 40 4 1LL Dennis Garcia, Director Surface Resources Division N.M. State Land Office, P. O. Box 1148, Santa Fe, NM 87504-1148 SDNY_GPA 00173761 EFTA_00 195416 EFTA01305661

(Page 52 of 53) RECEIPT • t OFFICE OF THE COMMISSIONER OF MAIDS P.O. BOX 1148 • SANTA FE, NEW MEXICO • li7504 r" -FF:AIEPt; Acc°7. V40-1.04. 1.174/5461006417AWAr17404 ,1ACPUi ca•.:t,;.. ..CV CONTRACT NO. • - ' - GM2791 GRAZING & AGRIi1i0d9110121193 BC 81541 472122I COMMENTS: PAID BY 2 IC) 4 STATEMENT OF RECEIPT BATCH NO. S DATE PROCESSED 11/08/93 ZORRO TRUST TO SE FILED IN LESSEES FOLDER THANK YOU COMMISSIONER OF PUBLIC LANDS EFTA01305662

(Page 53 of 53) OFMCEOFTHECOMMMSKINEROFPUBLICIAIS ill RECEIPT ' P.O. BOX 1148 • SANTA FE, NEW MEXICO • 87504 LEASE OR CONTFtACT NO. • ACCOUNT] , • • • •• DATE • NO. - • • ..i,F:SOURCE , ji.,,. • pp AID p.JE CIAT1-_t•7%;PENALTY1 •INTEREit AMOUNT . BALANCE .e pAjo GM2.7 91 GRAZING & AGRI Ot149 1d019 ----10 IQ cl 916131 I STATEMENT OF RECEIPT COMMENTS: BATCH NO. J DATE PROCESSED 07/14/94 PAID BY 8111,56 I 00-V.L.43 ZORRO TRUST THANK YOU TO BE FILED IN LESSEES FOLDER COMMISSIONER OF PUBLIC LANDS EFTA01305663

r SDNYGP,400173764 EFTA_00195419 EFTA01305664

0 MISCELLANEOUS INSTRUMENTS (PAST POWER-OF-ATTORNEY X2) 0 0 SDNY_GM_00173765 EFTA_00195420 EFTA01305665

1-/kt LIMITED POWER OF AMINES 903409 Done at New York City, New York, on the 34 day of March, 1993. I, Jeffrey E. Epstein, trustee of the Trust, a New York trust, hereby appoint John J. Kelly as attorney-in-fact and agent to act on my behalf, to do and perform all acts and things necessary to be done. including to execute and deliver on my behalf all statements. memoranda, instruments of conveyance, and other documents of every sort that, in his judgment, are or may be required to be executed by me as trustee, with the same force and effect as I might or could do if personally present, with full power of substitution and revocation, pursuant to that certain one Purchase Agreement da!ed February 25, 1993, between Zorro Trust, as purchaser, and King Brothers Ranch, a New Mexico general partnership, King Land & Cattle Company. a New Mexico general partnership, and Pine Canyon Ranch, Inc., a New Mexico corporation, as seller, it connection with the closing of the purchase by Zorro Trust of certain re& property and appurtenant enures and personal property located in Santa Fe County, Nev. Mexico, on or about March 4-8, 1993. This Power of Attorney is limited to matters pertaining to the transactior. described herein and shall terminate 30 days following the execution, delivery, and iiiirg cf record of the deeds from seller to purchaser in the real property records of rents Fs County. New MelthiSNIY OF SANTA FE STATE OF NEW MEXICO I SS 1010 I 71 hereby certify that is intim mu trod for teegOl on th IS "r day o' Week r ati:4 2 . duty recorded in book el the records ol Sonia Fe County'. Witness my Nand and Seal ol Jeffrey E.1,Ep rici zu s itim,v ostee of soma Armilo a New Yo County Clerk Sama.F. County. N.M. Laic rateloi-i STATE OF NEW YORK COUNTY OF ;mos vs/ The foregoing instrument was acknowledged before me this —4 day of Jeffrey E. Epstein, trustee of Zorro Trust, a New York trust. My commission expires: Emedeletameer.pee . - • Notary Public WARY L Mat . Edell PALI. Stii ea Sri Yak ctsitri in lercr. S* r:/_9. Ma. Z4=924 A cahrtv g ra yak 17, Le.. CERTIFIED A TRUEANDCORRECT COPY R CORDED ONS -. 19 IN BOOK ...aa- PAGE _Y-E.r..-. JONA G. ARMLJO NT A FE COUNTY CLERK sidSA • I : : i • .0 ig ri • i ::: • — .-.. :, • , • i al j, r‘ % • Le,,,n4.%) -4:'..... ....e. 9 , N . •.;.- tr .4:‘` ..... SONY_GM_00173766 EFTA 00195421 EFTA01305666

-7V . 79.3 AFFIDAVIT STATE OF /64 /flax, ) ) ss. COUNTY OF ethatizab ) I, Jeffrey E. Epstein, state as follows: 1. I am the Trustee for the Zorro Trust, a New York Trust, whose address is 457 Madison Avenue, New York, NY 10022. 2. I have executed a Limited Power of Attorney appointing John J. Kelly as attorney-in-fact and agent to act on my behalf in connection with the closing of the purchase by Zorro Trust of certain real property and appurtenant fixtures and personal property, including all state and federal leases, of said property located in Santa Fe County, New Mexico. 3. By this Affidavit, I further authorize John J. Kelly to execute any documents necessary in connection with State Agricultural Lease No. GM2791. FURTHER AFFIANT SAYETH NOT. Jeffrey Bk. Epstein, T tee Zorro Tru a N rk Trust The foregoing Affidavit was acknowledged before me this AMI day of March, 1993 by Jeffrey E. Epstein, Trustee of Zorro Trust, a New York Trust. My Commission Expires: APir-otha OO24 D3/16/93410:41 $10.05+ 10 47 nv2- (a l/ tikad-c-1- Notary Pu c SDNY_GM_00173767 EF-EA_00195422 EFTA01305667

tt 1793 APPIDAVIT STATE OF New Mek,c0 COUNTY OF fib-nail/it, ) ss. I, Jeffrey E. Epstein, state as follows: 1. I am the Trustee for the Zorro Trust, a New York Trust, whose address is 457 Madison Avenue, New York, NY 10022. 2. I have executed a Limited Power of Attorney appointing John J. Kelly as attorney-in-fact and agent to act on my behalf in connection with the closing of the purchase by Zorro Trust of certain real property and appurtenant fixtures and personal property, including all state and federal leases, of said property located in Santa Fe County, New Mexico. 3. By this Affidavit, I further authorize John J. Kelly to execute any documents necessary in connection with State Agricultural Lease No. GM2791. FURTHER AFFIANT SAYEPH NOT. Jeffrey Zorro Trustee a New York Trust The foregoing Affidavit was acknowledged before me this / f. day of March, 1993 by Jeffrey E. Epstein, Trustee of Zorro Trust, a New York Trust. My Commission Expires: SorierniuA /944/ SDNY_GM_00173768 EFTA_00 195423 EFTA01305668

O O 6-g-.21,2A .2ort LIMITED POWER OF ATTORNEY --tk /4373 I, Jeffrey Epstein, Trustee of Zorro Trust, being of sound mind and after due deliberation, hereby grant to Brice Gordon, this Limited Power of Attorney to act in my stead and to take any and all necessary actions of whatsoever nature to renew the New Mexico State Land Office, Lease No. GR 2088, issued to Zorro Trust. This instrument shall expire and have no force and effect at midnight on December 31, 2011, unless otherwise revoked by me prior to that ST. THOMAS/ST. JOHN ) ss. USVI DISTRICT Jeffrey Epstein, Tru Dated: rust The foregoing instrument was acknowledged before me this 2athiday of July, 2011, by Jeffrey Epstein, as Trustee of Zorro Trust. My commission expires: hsitARY 6 / 2-04 4 NP — COM— to eLIC Ns net Aflame Leslie Wallace My Commission Est): January 6, 2014 NP Commission I NP-007-10 St.ThornosiSt. John, USVI District FILENAME 5p MERGEFORMAT W 153631000'0300MS POA GR2088 doe FEES 4 iSiSLO 001-00001 37 0 24-4116.11 09:49 10.041 SDNY_GM_00 173769 EFTA_00 1954241 EFTA01305669