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0 f.Y• Lc) , t2kr—C74,1 -C6C XPIRE ) o 4.0 '''•••1 IC) G) GIV2791AGR EFTA00101481 (Page 2 of 53) NEW myyTro STATE. LAND OFFICE COMMISSIONER OF PUBLIC LANDS NEW MEXICO STATE LAND OFFICE BUILDING P.O. BOX 1148, SANTA FE, NM H7504-1148 AaRTrULTURAL TEASE LEASE NO. GM2791 TRIO LEACD, DATED PDDRUARY 22, 1003, IC ENTERED INTO DY AND BETWEEN THE COMMISSIONED OF PUBLIC LANDS, NEW MEXICO STATE LAND OFFICE, STATE OF NEW MEXICO, HEREINAFTER CALLED "LESSOR" AND: ZUREU TRUST JEFFREY E. EPSTEIN - TRUSTEE HEREINAFTER CALLED "LESSEE(S)", WHOSE ADDRESS OF RECORD IS: 457 MADISON AVENUE NEW YORK NY 10022-0000 LESSOR AND LESSEE AGREE AND COVENANT AS FOLLOWS: 1. LEASE. FOR AND IN CONSIDERATION OF AND SUBJECT TO THE RENTALS AND THE TERNS, 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 ANU INCORPORATED HEREIN BY REFERENCE. 2. TERM. THE TERM OF THIS LEASE SHALL BEGIN ON FEBRUARY 22, 1991 ANU 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 MESA 1970 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(8). IN NO EVENT SHALL THE PRODUCT OF THE APPLICATION OF THE EVI, FOR EACH SUCCESSIVE YEAR OF THE LEASE TERN, BE DECREASED OR TNCRF.ASED 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 HAY ACCEPT GREATER RENTAL AMOUNTS THAN THOSE DETERMINED BY THE FOREGOING FORMULA, BUT THE ANNUAL GRAZING RENTAL DUE IN ANY LEASE YEAR SHALL NOT DE 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 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. EFTA00101482 (Page 3 of 53) O • 5% LIS. 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 AE DTHERWTEE PROVIDED RV LAW, EWALT. pp PLArun flu PPP tracrn 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, KAY 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 DY 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. O. DEPAULT AND CANrELLATIDN 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 )(An?. 10. RENEWAL. ANY LESSEE WHO DESXRDS,TO SECURE A NEW LEACE 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 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- CULTURAL PRODUCTS AND TO GRANT SUCH OTHER RIGHTS-OF-WAY AND EASEMENTS AS PROVIDED EFTA00101483 (Page 4 of 53) I EFTA00101484 (Page 5 of 53) 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 1U ALL LAWS, REGULATIONS, RULES, ORDINANCES, AND REQUIREMENTS OF LESSOR AND APPLICABLE CITY, COUNTY, STATE. ANTI FRDRRAL 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 THE1K AGENT UK AGENTS, 1B THEIR OPPICIAL AND INDIVIDUAL CAPACITIES, OF AND FROM ANY AND ALL LIABILITY CLAIMS, LOSSES, OR DAMAGES ARISING OUT OF OR ALLEGRn 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. 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 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 DOLINQUENT AND CIIALL DE DUBJECT TO THE PAYMENT OF INTEREST AT A RATE MS nwp! DERrENT (1%) A MONTH FOR ANY FRACTION OF A MONTH. INTEREST SHALL ACCRUE FROM THE DATE THE PAYMENT BECOMES DUE. II. 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 ADJUS'TMEN'TS 1U THE LEASE AND RENTAL AS MAY BE REQUIRED. EFTA00101485 (Page 6 of 53) EFTA00101486 (Page 7 of 53) WITNESS THE HANDS AND SEALS °LESSOR AND LESSEE ON THE DAY AIII IIYEAR FIRST ABOVE WRITTEN. 24 WAND R045 -r LESSEE LESSEE STATE OF NEW MEXICO COUNTY OF gerrta.l• tt& ) [repeated 3 times] ACKNOWLEDGMENTS NATURAL PERSON(S) LA". sier.t • 15 rnmurqc.rnww c jr.,-21p YI.!:tjaf Y4" tviji THE FOREWING.JNsTRumENT WAS ACKNOWLEOUED BEFORE ME THIS MA DAY OF Matt ' }It> .4/.?itaa.41 11 1 J. ha ahlernis bri earl or Wis• 4). N *5f, PERSON ACKNOWLEDGED)v "tv Ma(.'am(Ilastoriags: ff - eft-1'441.°e re' e. <wort • ;L i .4/277:07rek. ALNA-4.LA. NOTARY PUBLIC , 199J • .2A44..a6z2 PARTNERSHIP oo. STATE 6in YiTibutuco ) ) COUNTY OF ) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OF , is RY (NAME OF PERSON ACKNOWLEDGED) PARTNER(S) ON BEHALF OF MY COMMISSION EXPIRES: , A PARTNERSHIP. NOTARY PUBLIC CORPORATION STATE OP NEW MEXICO ) ) COUNTY OF ) THE FOREGOING INSTRUMENT WA3 ACKNOWLEDGED rinronn ND TII/0 DAY OP BY (NAME OF OFFICER) A (CORPORATION NAME) OF SAID CORPORATION. NY COMMISSION EXPIRES: , 10 (TITLE OF OFFICER) OF CORPORATION, ON RENAL? NOTARY PUBLIC EFTA00101487 alo • EXHIBIT A • GM2791 PRICE CC 1ST i AUTHORIZED PER AA YEAR SURVITVTATGN SEC -TWN- -RNG- ACREAGE. USE UNIT RP CHARGE. LOTS 1,2,3,4,7,SW4NE4,S2NW4,SW4 02 12.0N 09.0E 518.97 GRAZING 12 383.75 ALL 16 12.0N 09.0E 640.00 GRAZING 12 473.24 TOTAL ACRES: 1,158.97 PARTIAL RELINQUISHMENT OF GM-2583 TOTAL CHARGE: $856.99 EFTA00101488 (Page 9 of 53) RECEIVED '93 MIR 16 API 10 28 STATE LAND OFFICE SANTA FE, N.M. • EFTA00101489 (Page 10 of 53) • e • • • LEASE NO; (34-97€31 • MISCELLANEOUS INSTRUMENT PAGE UNDER COLLATERAL ASSIGNMENT UNDER COLLATERAL ASSIGNMENT TO: 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 INSTRUMENT: Power-of-Attorney, John J. Kelly; Affidavit,Jeffrcy E. FILE NO: #8793 Epstein. Trustee for Zorro Trust. MISCELLANEOUS INSTRUMENT: FILE NO: MISCELISHROUS INSTRUMENT: FILE NO: MISCELLANEOUS INSTRUMENT: FILE NO: COMMITS: EFTA00101490 Vega 11 of 53) r (S 40 NEW AIESICID STATE LAND OFFICE PARTIAL ASSIGNMENT OF AGRICULTURAL LEASE MVO. the undersinned ksweDL hereby amigo m Jeffrey E. Eps te in (Fed sies)476.k . 1 -51/Thai:sag gre Alew York N von of ZuLry Trust, a New York Trust Tekphone as it relates to the lands described below all (my/our) right, title and interest/in State Agricultural Lase No. C24 2583 • and all rights to compensation for the improvements located on the leased land, for which improvements (Me) 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 terminated. The lands covered by said lease are described as follows: Township 12 North Range 9 East section 2: Lots 1,2,3,4,7, SN4NE1/4, VINW4, SW1 /4 for 514:97, acre Township 12 North Range 9 Eaat section 16: All - 640.00 acres Total - 1,158.9/ acres TEEM LEASE ASSIGNMENT SMALL NUT BE EFFECTIVE UNLESS APPROVED IN WRITING BY TUE COMMISSIONER OF PUBLIC LANDS. C pal^^-D County of rki\a-O...CYL-. State of r-Snid -o-cAL.) Subscribed and sworn to before me this by 0.Aim v MY COMMISSION fftES: 0 - IS -(1(D 19, of tq aia_N8, tf„ 1908) ris. day t tbki.ket Approved iiiiIIIIT-Dillle-ahnin—rlame&Ellnchaser this 19 9C5 "7' . c , SEAL • 7vC STATL 01. Nive CO My Commission Expires 10-1,t5— % ASSIGNMENT FEE - fl iS DIRT dears) S-36 (revised 1/93) 8534 Comm' 03-08-93411:06 S50.08+ 10 Public Asi EFTA00101491 ii tke 12 of 53) • • [repeated 4 times] LCAG040-01 NEW MEXICO STATE LAND OFFICE PAGE: 1 AGRICULTURE LEASE MASTER LIST 03/10/93 LEASE NR' GM2791 LESSEE NAME HR ID 11760 53212 BILLING ADDRESS: LEASE SEQ MR NR LEASEHOLDER NAME(S) ZORRO TRUST 457 MADISON AVFNIIF NEW YORK TYPE GM2791 000 RENEWAL LEASE SEQ SEC TWN RNG NY 10022-0000 CONSULIVAILD FROM SUBDIVISION(5) CAVEAT JEFFREY E. EPSTEIN - TRUSTEE GM2791 001 02 12.ON 09.0E LOTS 1,2,3,4,7,SW4NE4,S2NW4,SW4 GM2791 002 16 12.ON 09.0E ALL • LEASE TYPE: ACREAGE: • CHARGES: • TOTALS --RANGELAND-- 1,158.97 5856.99 BID .00 5.00 FST CONTACT INT% BILL ATE TELEPHONE Y T 2 5 ERROR INDICATOR ACREAGE TYPE PPU-- CC CHARGE INST 518.97 GRAZING 12 383.75 01 <WARNING'S 640.00 GRAZING 12 473.24 01 1,158.97 5856.99 -(CULTIVATED) DRY --IRRIGATED-- --ASSOCIATED- CRP -IMPROVEMENT- .00 [repeated 6 times] 5.00 [repeated 6 times] --LEDGER-- INST 01 TOT «ERROR>> «ERROR» • [repeated 7 times] DISTRIBUTION SUMMARY LEASE INST X ACREAGE CHARGES • 01 1.000 1,158.97 $856.99 1.000 1.158.97 $856.99 • [repeated 7 times] •. •~ • [repeated 5 times] EFTA00101492 EFTA00101493 )12abolaS anuore - EFTA00101494 JIM BAC_A COMMISSZNER IP, "tate of Xefu Pexictr OFFICE OF THE Eautiniosientr of Public 'Posits (anth 3e March 11, 1993 Hinkle Law Firm r 2 rr T ) RE: GRAZING LEASE NO. GM-2791 Dear Lessee(s): PO. KIX 1148 SANTA re. NEW MCXICO 875044148 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 Zorro 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 ivision New Mexico State Land Office EFTA00101495 (Page 16 of 53) IDABACA COMMISSIONER 'tate of Xefu gitexica OFFICE OF THE Commissioner of Public Tumbs ,Manta .7e MEMORANDUM March 11, 1993 TO: Grazing Lease No. GM-2583 FROM: Surface Division/JV SUBJECT: Partial Relinquishment from GM-2583 to GM-2791 Es O. SOX 1148 SANTA IE. NEW MEXICO IMO4-I mi8 This lease contains 21,334.74 acres but a partial relinquishment was approved by the Commissioner vn 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,SWINEI, SiNWI,SWI All 02 12 North 9 East 518.97 16 12 NuL Lk 9 East 640.00 1,158.07 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. EFTA00101496 (Page 17 of 53) • NEW MEXICO STATE LAND OFFICE REQUEST FOR FIELD ASSIGNMENT DATE TO FIELD DIVISION: 3/25)93 FIELD DIVISION CONTROL NO. Mjg- REQUESTING DIVISION lc agar Ti I/1 c, nr,/ BY: De1.1 Fk..eCtettie 7 LEASE NUMBER: (;/1/21- 42)97 TYPE OF REQUEST: Thee eh -4- NAME OF LESSEE/APPLICANT: ZopD in ADDRESS4/c -7 MAnincriA./ DESIGNATED CONTACT4t:ir ADDRESS LEGAL DESCRIPTION REMARKS: r 4= A • //e tv„ AltuJ - Tiacnzer tsL tfriciN - Trkus4 Vcg...k7) /t/e.L1 Scar_ /007 -7 /4 fit R)2 TaAiitty PHONE NO. SECTION! RCM. COUNTY: 4 2,Q . /.2A/ O9t -Sr F .444nr 41 AM& DATE RETURNED RETURNED TO REQUESTING DIVISION/BUREAU: LAND USE SPECIALIST RECOMMENDATION: 3 RECOMMENDATION P VAL: FIELD DIVISION IREQUE TING DIVISION / 17g9Celegl Sg-j= -93 DO NOT APP COMMENDATION: (PLEASE STATE REASONS) ACTION TAKEN BY REQUESTING DIVISION: DATE RETURNED TO LAND USE SPECIALIST: G-89 REVISED 1/91 EFTA00101497 (Page 18 of 53) • • r iN.V•, fiht A Attitt 4 ,./ 60 Aare A, - V arn EFTA00101498 (Page 19 of 53) AGRICULTURE LESSEE ORIENTATION Lease No. 671- 2711 Field Assign. No. Al./6 1. General discussion of State Land Office and its mission. (pamphlet) 2. General discussion of agricultural lease terms arid conditions. (Copy of Louse) 6 8. Term left. 12( b. Fluctuations in annual rental (EVII. 3' c. Permitted use. .d. Multiple use concept. • e. Improvements. • f. Subleasing. g. Renewal process. • h. Reservations. • i. One percent Interest on unpaid balances. • j. Carrying capacity reevaluations. 3 © General discussion of Range Stewardship Incentive Program. 4. d' General discussion of Rule 8. (Copy of Rule) 5. Transfer/Assignment of lease to new lessee. Gi a. Withdrawals. 9.6.4 0 b. Conversion to cultivated land. 0 c. Filing fees. 6. ri Letter from Commissioner to lessees. 7. tbratifidtiVs.r- I certify that the Land Use Specialist has gi instructed me on the terms and conditions of M i Hunter occess. Lessee e the documents required and has m Jpase. fitgati- Dat EFTA00101499 (Page. 20 of 53) • HINKLE, COX, EATON, COFFIELD & HENSLEY Ian C ca PALL ai CATON Cassie C hwy. PAPOLD I. MCIALLT. JR MOTT ft SIATIOA Tam • ••••/.0PIC C MARTIN AWL a CAA JA WIPPO• AAA JR WIISMILL 0. ITAIVIIN *set a toad 001.0114 L LIPS0010 JOHN a UGLY. sitiOuM .6 siOnliain I. Catch CMOS AI t•Ition• • in appanis a AAA. diTtat•AO 0. INTA0.03* DANN a NPR= ST,Cr44 0 ..040.0 ONO J KOSS* Mlle Si CLOACA JCAACT L POMPOM. ATM/ D PAPILTI Nan Kahn Aft./ r.sHOCIPOIO JCMC/ .cuSCOW Ma./ I- WM/ 00$4.5 It I0•400 JOHMCCHWWW 0/00 0 CON/70•• MICHATI. A 0 -Se Noss CL Amid". At CACGOOT NOWT CAM T IMPIPTTIT. WC C PTV ACM IT Inn Wen ft AuSOAAT CIANS caw a sta.. Aswan istA0Mln CAM* W000.3 SWAM N CitamPTON ••••ItTpronC•C/eb /MOOR. S PACTS/ft NOGG/ .1 CLOS° amCS A euXIAC OML We IARSON OltIONANIP wins. !SA ft KIA.ATTA. PAPIAUCT WACTT AAA • CTOTTAATO* USA N Smile AN ACM SCO•Anie aftwur. @craw MAW+ w n02.-ft Own A mare NOPINAM D CANA DAMN I, /Wet. NOLL. itcanObei • NOT ACCASCO IN New Attu CO ATTORN CT. AT LAW 500 NAROUCTTC N.W.. Bunt SOO POST Orriet SOX a043 ALOIJOUICROUIC, NLW MEXICO 07103 WALT, trek.. /00•MINS C 1500400100. A avapeni RCA C fri000.0.3. JC •••••en COW40. n Ca/ wrio/o BACK can a • 1.1000 40.0µ/0 0 .01000 salitiOTON. 00 6.00/4 Co0P00. ALAN J SW YMAN 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. GM-2791 Dear Ms. Valdez: /00 VNITLO 0/001 riaisa POST OrTICC 1102, ItOsarT.L. TAW ACTsCO 00402 Z600 C I.AVOCS/0 COITCO POCT nrner an. ICAO 1004-040 1001.5 70707 iToo Tast. AAA eft:tcipo POST OPTICC 005 92.113 rIM AMENS" 1.00i MB Fa. .904 CVO* WAS •C. PAW WACO 87504 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 ou have any questions, hestitate to call me at sincerely yours, HINKLE, COX, EATON, COFFIELD maircLnY Paralegal Enclosures please do not EFTA00101500 (Page 21 of 53) RECEIVED '93 MR 16 API 10 28 STATE LAND OFFICE SANTA FE, N.M. EFTA00101501 (Page 22 of 53) 0 WASCOR MIL w CAW WW000PWWW STWO. Or. "%a . sf•Ow MC 0 raffia C 0 OWN nownoisma wafts 0 RAW Crsa If WIZ Wad.l labrOre -W• a wCIA. WW1... WONG U.G Mtn.. JA twill • WOW PO' $7,2=0;7@ . MOMS KOMOI ants a *SOW. WC'S CUSACJI SOK, MAN C•. <0 KwaW anti wL ate ,1 INACSO.Wa Warr w NCLUSCW Wan 1. WI 0.0.000NNow macaw efrofn mows raw of CAWS J NW' ww C Oa • NOT LICCNSCO NOW SICX•CO Tea SOWOLIWN awe warps IVNFC WO. ACTICCCA Mpgµ JONNS010 w..... • ~An , TOW R NOSS wasscw OW.WC.1 COMM WOW • SW .Nat. asa, N CROWPTON W rIls WCYCAS CWORf • WOO WK.! C011ia GANT - I.A•SON 11B.RwArC tanOST ars • ...00T, Jn NAIRWITT • arr T CallaNalf lawf • tow War N Sena. MWC.w NOMOIC OWLS A LI TTON W NW 0 awn NOISY NONTOO4 NAW S LINCCUI WI A 01.0016 OWSTerC C WC rws Cwa•A If fan HINKLE, COX, EATON, COFFIELD & HENSLEY ATTORNEYS AT LAW BEM WISOUCTIC N.W • SIJITt ISCIC POST OrriCE e0; 2003 ALOUOVEROUE. NEW MEXICO 67003 ,== OJACNCC C wall NIONIO• we IIONOVRANT JR WARWw$ tea OWN o W C.W.NOtwe Nets Warr en. 1.00.10 S NOIMS ViWeraTON. Lit SOW WrSCA ALIN J UAW. November 3, 1993 COMMISSIONER OF PUBLIC LANDS P. 0. Box 1148 Santa Fe, New Mexico 87504-1148 ATTENTION: Jenny Valdez Surface Division Re: Zorro Trust, Lease No. GM 2791 Dear Ms. Valdez: PO) on.cc 00A PO POSwELL NON MaK0 ec Weao wiptas0, TCXWS Non *col orerCe •Ox 0230 AMARILLO. TOYS NSW POST 02/KC BOX 2066 4. 1r wws•-as &Mr. Enclosed 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, advises 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, Zorro Trust 457 Madison Avenue New York, NY 10022 Trustee 009'q I('J ji " 2 -22+Lo „ *op EFTA00101502 s =ye' Co OE 33) RECLIvu) '93 NCI; 8 firl 10 08 STATE s. ir3 OFFICE SANTA FE.tl.M. EFTA00101503 (Page 24 of 53) FP • 0 .• • HINKLE, COX, EATON, COFFIELD a. HENSLEY Page 2 November 3, 1993 Please contact me if you have questions. Sincerely yours, HINKLE COX, EATON, JJK:ch Enclosure co: Cic Marincoc EFTA00101504 )page 25 of 53) RECE/VE0 '93 NOR 8 FM 10 08 STATE LAND OFFICE SANTA FE, N.M. • EFTA00101505 (Page 26 of 53) RAY E. POWELL roumiCSIONEEI c iatz of ?Attu 21itexica • OFFICE OF THE Canuatissiotter of Public !iambs *nth Ai November 10, 1997 • terra Trust c/o Jeffrey E. Epstein - Trustee 457 Madison Avenue New York, NY 10022 RE: State Grazing Lease GM-2791 Dear Lessee(s): PANUO4 'JUNTA It, NOV MEXICO 82504 1140 A review or our files indicates chat the annual rental on your grazing lease which was due October 1, 1993, romaine unpaid at thin time. An interest fee of 11 per month will be assessed for each month the payment remains outstanding. Therefore, if you return your payment in November, you will need to submit $080.86 which includes a 2% interest fee. If you return your payment in December, you will need to submit $889.50 which includes a 38 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 me at lir Sincerely, ) a lir_ aet • Mary DuBose Surface Resources Division N.M. state Land Orrice EFTA00101506 NEW MEXICO STATE LAND OFFICE APPLICATION FOR PERMISSION TO MAKE IMPROVEMENTS 7ORRO RANCH JEFFREY E. EPSTEIN j 1, of (address) P.O. BOX 5E1- STANLEY NM 87056 herewith make application for the written consent of the Commissioner of Public Lands to make improvements on the lands in Lease No. at4-9-erftei. described as follows: Gm•aiq I SUBDIVISION stx. 16 /10.12N KGL. OE ACRES 640 emieeltscC . If any an all ptoposed Improvements ate to be built under a federal cost-share program, please check which pro- gram or progress arc involved and give actual cost of each item. Great Plains Program (SCS) ( ) - ASCS ( ) - OTARR ( ) - NONE ( ) Barns, stables and corrals Value 5 N/A Well (give depth and description) Value 5 N/A Fences (give length, i.e., miles or footage and kind) Value S N A Value 5 N/A Windmill Other improvements Grass strip runway for Private Plane. TOTAL VALUE OF IMPROVEMENTS $6,000.00 Amount co be defrayed by federal cost-share program, it any value 5 0.00 Total economic dose expended by LESSEE decimated time of c on: JULY:1/.1994 Value :6,000.00 LESSEE , Commissioner of Public Lands; hereby give my consent to the above 1 (s) to make improvements as listed above, conditioned upon the comple- tion of construction and installation of such improvements on or before 19 and further conditioned upon receipt of cry.° keigifeet-share agreement (when applicable) and evidence of actual costs. APPROVAL DATE \j. COMMiSSIONER OF PUBLIC LANDS (On plat. on reverse side indicate approximate location of proposed improvements.) 000 SLO 4-25-9411111 $30.03F4TPLICATION FEE S30.00 S-09 (REVISED 8/4/88) EFTA00101507 Township SANTA FE 12N Township N/A 9E Range Range County, Township Township Fetal 1114-Ifour on To. n.l..1p) NIA N/A Range Raw I • ; I : ] • : 1 • i ; • ; . I- • -: 4 r • 1 ; i n - H. : : • : - : • / i • : : . , • ; I •-• : r • 3 : . • 2 t . . s : . ' i ' • : . ' : • • : . . r; • , ' • . : 4-- • : .:. 1 : ' . • : :- ; ' ! • : ; 7 • 4 g .1 .1.—r - 10 ; : ! —i• 2 • .--r-H11-1—÷ - 1---"1- JO . 1,1 . r . 12 . t t I---. i . : I s - • ; • -1 - : l - 1 -- ; • —t--1-14 : i ; - r-- 4 13 - 1- • t - •T1 • • — : -l• : , . ; IS . : ". , 4—H -1 — - I . : 1 : IS . ; IT : F.L. ; 1.- ; 17 - F , i . Ill : 20-1--r-+21-i--•-+22 : • • •• • : :' 1 • • : : • 1 : 10 20 - * - i — 1— r n ": ; : V !-• -- ; ; i ; • :-•:--s-22 ; - 7* ; 24-4 . -i : ! • , - I • . ' 24 1 t 7 ; : i e : i : : • : I : : : 281 — r ,; : : fl . • • : 30 ; ; 24 ' - Hr----- : :rt - -T • : . • ! • --t" ' ; "t" • -sr- ; . : : . - 1-4-32 ! . - 4- • ; "i•-• : - • 13-4---4-34-4-1-35 • : . : - : - 1- : : "1-A-- f - e • : • - t -- ; • - • - 1-- : • ; . ' : ' : : 32 i . 33 . .34 1.• i . 35 i : : : 34 ; : . 31 ; ; ' T 5 • . : • a-- • . I : T • ; : .• : : : -; - • ' : mt... . : • . .4..-.4 ; : [repeated 3 times] ; : : . •• . 3 i e : . : 2 . : : . . -- ' ' • 5 ' ' • • 4 • : . ; ; '; . ..J.- 1 . ..e ; . ' . • _.1.- : 7-i-i- ; ' . [repeated 6 times] : : ' ; • $, e• ; • • ; 10 i: ' : ' e • : ; ' -t--:-I2 ; --i- ; 4-- . 1 • --..-i--12-4--;- : ' • ; IS : ' • : : t • i : ; i • • Li : •: i 144--4- • . . 1 . ; ; 17-j-4- • . : : . „ 14-!----e- : • 1.--i-1 ! ' ti=---f- ' ' I • . 4- • -4- : 4 - • • . [repeated 3 times] i • -: . ' I -' • A • : • ' • 4.• : ' 23 . a • .-- I • 1 : -i--•-•4-33 • : i : i 24 : •. 1••+--r2• _:-;—rews • • . : : ; . 30 ; • i : ;• • ; 27÷ : • 4 • I' • -4" • sig : -t- • • . s0.,•• : [repeated 3 times] , : 126. 2./ : ; . •! 2S : t: i • ' • . • .. : i : : • ! : 1 ••I • ' : • : : . • :' , . f• I r :. .•. • 3 1 i-$4 :. : •••: i' l ' e l l ' • • : l : ; • • : [repeated 5 times] . : • : r . S-09 (Revised 1/20/84) S - 301:F1C • Oh 6 WU Sc uct,y !AO, (LIM:JO 3U • d EFTA00101508 (Page 29 of 53)::.' • • at/ 4/11/91 •• NEW MEXICO STATE LAND OFFICE REQUEST FOR FIELD ASSIGNMENT DATE TO FIELD DIVISION; 5 /Ce 04 FIELD DIVISION CONTROL NO. - REQUESTING DIVISION SUf.10.042 BY: Tar Lerne /noes 0:5 II • LEASE NUMBER: Gm - 7 9/ TYPE OF REQUEST: NAME OF LESSEE/APPLICANT: 7orrei -77-115-/ ADDRESS qo 3 e PPreti E <. Fe,s-bew , 15? inotnliArm Ave Ow Vori)mr/o.)Da DESIGNATED CONTACT atre ADDRESS same PHONE NOle LEGAL DESCRIPTION SECTION: TWP. RGE. COUNTY: Lao TC Sonia Fe. CA„ji,zetr i er-,,d2e. /5" Aibwa CZ72,..{ 6„.204,....,„_.<4 c?,,e.„/ Apy.,_ Aarga...stort.-ag•-• REMARKS I lease cheer Por anti °dive sol eases. Con ihese improernen-13 be thee 017 Privaie /am Meuse threa and mare your fieCatimweiolatias POP di OdidItcs ?taw %'1 14ani-ej, 077 87056 DATE RETURNED TO REQUESTING DIVISION/BUREAU: 45-045/4 LAND USE SPECIALIST RECOMMENDATION: 7,4).4id p tt. , A im4011 iZeh j ");e4ent;.? RECOMMENDATI N PROVAL: FIELD DIVISION I REQUESTING DIVISION .z3.79 DO NOT Arr E RECOMMENDATION; (PLEASE STATE REASONS) AlrAi TAKEN BY REQUESTING DIVISION: DATE RET RNED TO LAN U14 SPECIALIST: G-89 REVISED 1/91 /Wei, 0,19941 EFTA00101509 (Page 30 of 53) 0 RAY ?MIL. COMMONER State of !Ws Atxico olouttnisoioner of ilublic pubs 310 OLD SANTA FE TRAIL P.Q sox 1140 SANTA FE. NEW MEXICO 07504.1148 MAY 18, 1994 TO: RAY POWELL, M.S., D.V.M., COMMISSIONER OF P FROM: SUBJECT: GM-2791. APPLICATION FOIYIMPROVEMENTS. ZORRO TRUST. ASSIGNMENT RECEIVED MAY 11, 1994. FAX LAND USE SPECIAL MJG -684 REMARKS As per the attached correspondence, the lessee requests that the subject application for improvements be withdrawn, and so it is roconunoncloci . LEGAL DESCRIPTION Within section 16 of township 12 north, range 9 east, N.M.P.M., 3onta Fe County, New Mealt..u. MJG EFTA00101510 (Page 31 04345618-1994 11:59AM FROM ZORRO RANCH In 19775766 P.01 ® • Zorro Ranch P.O. Box 567 Scani. New Mexico 87056 FAX TRANSMISSION COVER SHEET Date: May I8, IYY4 To: Marcus Garcia New Mexico State Land Office Fax: Subject: S67147: Shannon Pritchard YOU SHOULD RECEIVE 2 PAGE(S). INCLUDING THIS C IF YOU DO NOT RECEIVE ALL THE PAGES. PLEASE CALL ...4:44.1 44 MI INK , p,Oliqpi IJ a ta-.7.4 as r.6.64C it 'NI y}.1 an 'Rid, 1..suIN oveuragno.ent. dugsbutact at copying oi via att000ticstiatt u.cicLy pretaiced.try: (MIMI Ott comtruitatian p. Me, ussoLtitoy ttlygwor. to ...lap fa in team n..1 >.,t. EFTA00101511 (Page 32 005-5f6-1934 11:59c11 FROM ZORRO R14•104 TO 18275756 P.02 • • zattu) RANcur May 12, 1994 Mr. Marcus Garcia New Mexico State Land Office Field Division P.O. Box 1148 Santa Pe, New Mexico 87504.1148 RE: ZORRO RANCH Dear Mr. Garcia, This letter is to inform you and your office that Zorm Ranch is no longer pursuing the permitting process for the construction of a grass landing strip on New Mtudur sin land. Plync atop all permitting action on this file. "gunk you, /Mart OA ce: Jeffrey Epstein V . P.O. Box 567, Stanley, New Mexico 87056 * r EFTA00101512 (Page 33 of 53) • • NEN MEXICO STATE LAND OFFICE REQUEST FOR FIELD ASSIGNMENT in4 DATE TO FIELD DIVISION: 5 l/ w 177 FIELD DIVISION CONTROL NO. REQUESTING DIVISION .Silifae-e BY: LEASE NUMBER: (3/10 - a 7 9/ TYPE OF REQUEST: _LThyD NAME OF LESSEE/APPLICANT: ADDRESS DESIGNATED CONTACT ADDRESS 5 QM LEGAL DESCRIPTION C/0 3efPtj E. Epni-ct -5ame , 157 Inacif so 4 he New Voer k Y /Ma SECTION: TWP. Ili /a#) PHONE NO. RGE. COUNTY: Sank Fe.' REMARKS: p-esoe Neel Pbr any Oda, sleages. on h 1sP mproyeqm-1 be fhee 017 Pt] yi, o ?lease /n sped and mole pu, Aeon inin-end atin 6Ach Maks: TaBox 50 c4fintej , kfn 87056 DATE RETURNED TO REQUESTING DIVISION/BUREAU: LAND USE SPECIALIST RECOMMENDATION: RECOMMENDATION APPROVAL: FIELD DIVISION 'REQUESTING DIVISION DO NOT APPROVE RECOMMENDATION: (PLEASE STATE REASONS) ACTION TAKEN BY REQUESTING DIVISION: DATE RETURNED TO LAND USE SPECIALIST: G-89 REVISED 1/91 EFTA00101513 (Page 34 of 53) • Sate 4 NewMexteo RATRPOWELL comasseme sr' ar„mv.isr Commissioner 4 Ube Lands 457 Illach5on Zorn, Ra P. x 567 Nit: yoft f itly /60.O- /2---Tianley, NM 87056 Attn: Jeffrey E. Epstein Reference PA. SOX 114 SANTA ft. NEW MEOCOST3041148 AgrirOtaral LPAge Nn. GM-2791 imprnvamant Application Date May 23, 1994 SUBJECT: THE ATTACHED DOCUMENT IS FOR YOUR COMPLIANCE WITH THE REQUIREMENTS INDICATED WITH CHECK MARKS. 1. / / Please sign enclosed copy(ies) 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. I - 77 ALTAgnment(s) will not be accepted due to: / f Erasures in description, / / Strikeover(s) in description, /7 Executed on improper forms, / /Incomplete description, / / Acknowledgement is incomplete. Please re iosue a new cooignaent. 4; / / Please furnish this office with $500.00 Single Damage Bond or $2,500.00 Blanket Damage Bond, as required by Statute so Lassa can be approved. 5. L__/ Lands applied for are under Purchase Contract. You must obtain written consent from . Your application will be held in abeyance awaiting this consent. 6. L__/ Approved copy(ies) of your (is/are) enclosed for your files. 7. XXXX Other: As per your letter dated May 12, 1994, the improvement application has been cancelled. If you have any questions regarding this matter, please contact me at S ncerely, Grazing Section urtace Resources Division G-76 (February 15, 1984) EFTA00101514 (Page 35 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. GM2792 THIS LwAqp, rurrrn nrimnpp 1, 1Q04, IS ENTERED INTO RV AND wrimpw 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/U JEFFREY E. EPSTEIN 457 MADISON AVE NEW YORK NY 10022-0000 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 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 RENTAL SHALL NrIT Pp LFsS THAN TUF. NTNYNNN RENTAL ESTABLISHED RI 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 0 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, RUT 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 MAT USE THE LEASED PREMISES ONLY FOR OUCH OrCnATIONC 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 7/14/940134 $916.3114 000 SLO 7/14/940135 $50.00F4 EFTA00101515 (Page 36 of 53) E an t,! it u ` :" rri 12 09 - . • [repeated 3 times] EFTA00101516 (Page 37 of 53) .' 6 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 ANU TREATED AS UNAUTHORIZED IMPROVEMENTS IN ACCORDANCE WITH THE APPLICADLE 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 KAY BE ASSIGNED AS COLLATERAL SECURITY SUBJECT TO THE EXPRESS WRITTEN CONCERT Or THE Leccon AND OUCH OTHER TERNS AND CONDITIONS AC DRECCRIERD 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 mwrirR, CANCELLATION SHALL. NOT RE MADE. 10. RENEWAL. ANY LESSEE WHO DESIRES TO SECURE A NEW LEASE SHALL RAVE Awn 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, GEOIXERMAL RESOURCES, AND OTHER MINERAL DEPOSITS THEREFROM AND THE RIGHT TO CO 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- EFTA00101517 (Page 38 of 53) iti; 12 01 " • • tc...€ EFTA00101518 (Page.39 of 53) • 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 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 DCNCFICIARICO UNDER THIS LCAOC. 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. 15. WAIVER. NO WAIVER OF ANY BREACH OR DEFAULT BY LESSEE OF ANY OF THE TERMS, CONDITIONS OR COVENANTS or THIS LCAOC SHALL DC HCLD TO DC A WAIVER Or ANY CUDCDQUCNT DnCACH. NO WAIVER SHALL RE 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. 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 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 TUC LCACC AND RENTAL AE MAY HE REQUIRED. EFTA00101519 (Page 90 of 53) • -012 01/ . • EFTA00101520 (Page 41 of 53) • WITNESS THE HANDS AN5¢ALS OF LES AND LESSEE ON THE DAY AND YEAR FIRST ABOVE WRITTEN. LESSEE LESSEE JEFFREY cPc,TE(N 'TRUSTEE STATE OF NEW MEXICO COUNTY OF ) [repeated 3 times] ACKNOWLEDGMENTS NATURAL PERSON(S) THE FOREGOING INSTRUMENT WAS AcKNowLEu(iEu sEruRE ME THIS RY (NAME OF PERSON ACKNOWLEDGED) MY COMMISSION EXPIRES: TELEEMONE,•4, ''' ''' ' ' 'Y • TELEP COMMISSIONER .0 FfuanIci tAt • 2 • • l• A r • 4. .7 •• *. ..*A1‘ id • ••:(-: r -- 1 , . Lim ur , 19 , NOTARY PUBLIC STATE of NEW MEXICO COUNTY OF ) [repeated 3 times] PARTNERSHIP THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OF , 19 , BY (NAME OF PERSON ACKNOWLEDGED) PARTNER(S) ON BEHALF OF MT COMMISSION EXPIRES; , A PARTNERSHIP. NOTARY PUBLIC STATE OF NEW MEXICO COUNTY OF ) ) ) olowtorto*G44€0* iR IAS-r THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS C.: DAY OF BY )6.4 , (NAME OPI5CER) c e/0 1,-...-4 (EPEOPNIA4444 NAME) / OF SAID 09RPORA.Q44/N1.t" rs "Must" MY COMMISSION EXPIRES: - A T-4.7 , (TITLE OF OFFICER) 'TRUST OF BEHALF EFTA00101521 (Page 42 of 53) ri-' ' 09: ... 1-•:::?7,. • . is a- PC • rt • • • EFTA00101522 (Page 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, NEW MEXICO 87504-1148 LESSEE: SECTION 10 OF THE NEW MEXICO ENABLING ACT SPECIFICALLY REQUIRES THAT ALL STATE LAND TO DE LEADED DE APPRAISED AT ITO TRUE VALUE. STATE LAW, UNDER SECTION 19-7-1 NNSA 7478, 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. 1, J1/2 (' LAI Alf." P. ICOC4•1 THE PENALTIES OF PERJURY, THAT AFTER HAVING CONTAINED IN LEASE NO. e in11 214 4 AND OPINION OF THE APPRAISED CASH VALUE 01 SAME ACRE, IF GOLD, AND 0 ./4-.03,645) DER ACRE, iNTERESTPD IN SAID LAND FOR LEASING OR SALE , DO SOLEMNLY SWEAR (OR AFFIRM), UNDER PERSONALLY INSPECTED THE TRACT OF LAND(S) DESCRIBED IN EXHIBIT A OF SAID LEASE, THAT MY (WITHOUT IMPROVEMENTS) IS $ '24N9,600 PER FOR LEASE PURR DICE7--A D CERTIFY THAT I AN NOT THEREOF. SIONED ADDRESS %5? M CITY/S'TA'TE NEV t PICKsmiscRrnrn AND SWORN TO BEFORE ME THIS 1„9 DAY OF KY COMMISSION EXPIRES: 19 17,1 • EFTA00101523 ' (Page 44 of 53) • 4-4. Z.} 2't pit 8 16 • • . . l iCE ;;;:: IA FE. ;1. • [repeated 3 times] EFTA00101524 (Page 95 of 53) 4,0 EXHIBIT A 110 GM2791 PRICE CC R 1ST AUTHORIZED PER AA S YEAR SUBDIVISION SEC -TWN- -RNG- ACREAGE USE UNIT RP P CHARGE LOTS 1,2,3,4,7,SW4NE4,S2NW4,SW4 02 12.ON 09.0E 518.97 GRAZING 12 410.31 ALL 16 1Z.ON 09.0E 640.00 GRAZING 12 506.00 TOTAL ACRES: 1.ISR.97 TOTAL CHARGE: S916.31 RENEWAL LEASE EFTA00101525 (Page 46 of 53) • .,,to •-•7 F,• "I 12 oil 3.;;;7-,.• • i:E . •• • • I l I EFTA00101526 (Page 47 of 53) State of New Mexico RAY 8 POWF11. COMMISSONER . Zorro Trust c/o Jeffrey E. Epstein 4:)/ Madison Ave. • New York, NY 10022 Commissioner of Public Lands P.O. BOX 1148 MARA Ft. NEVI M[48:O 87804-1144 Reference Agricultural Lease No. GM-2791 Date July 15, 1994 SUBJECT: THE ATTACHED DOCUMENT IS FOR YOUR COMPLIANCE WITH THE REQUIREMENTS INDICATED WITH CHECK MARKS. 1. / / Please sign enclosed copy(ies) un 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. _/ / Assignment(s) will not be accepted due to: / / Erasures in description. / / Strikeover(s) in description, / / Executed on improper forms, / /Incomplete description. / / 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. 5. / / Lands applied for are under Purchase Contract. You must obtain written • consent from . Your application will be held in abeyance awaiting this consent. S. / / Approved copy(ies) of your (is/are) enclosed for your files. 7. fix/ 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 mo at Sincerely, C-76 (February 15, 1984) Poat4N Far Note 7671 7o peel 1_,Drit4 CoJDOM. 0am EM F Co Phone II Phone,. EFTA00101527 (Pp 98 of 53) 0 MISCELLANEOUS INSTRUMENT PAGE UNDER COLLATERAL ASSIGNMENT TO: DATE FILED- NO. LEASE NO: iNz7.791 UNDER COLLATERAL ASSIGNMENT To: DATE FILED NO. DATE RELEASED: DATE RELEASED: UNDER COLLATERAL ASSIGNMENT TO: DATE FILED• NO. UNDER COLLATERAL ASSIGNMENT TO: DATE FILED- NO. DATE RELEASED: DATE RELEASED: MISCELLANEAUS INSTRUMENT: Power of Attorney, John J. Kelly; Affidavit,Jeffrey E. FILE NU: #8793 Epstein, Trustee for Zorro Trust. MISrET T.ANEMS INSTRUMENT: FILE NO: MISCEILANEOUS INSTRUMENT: FILE NO: MISCELLANEOUS INSTRUMENT: FILE NO: COMMENTS : EFTA00101528 EFTA00101529 (Page 50 of 53) r7 P.; • I .**1 K i e. ;• • Th'i 8 16 'n r • I EFTA00101530 (Page 51 of 53) • S STATE OF NEW MEXICO COMMISSIONER OF PUBLIC LANDS Ray Powell, M.S., D.V.M. GM 2791 ZORRO TRUST GO JEFFREY E. EPSTEIN 457 MADISON AVE NEW YORK, NY 10022 ;1: April 26, 1999 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 1, 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 contract 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 prepanng your renewal contract. It any changes of ownership are needed; it is recommended thatyou contact Jenny Valdez as soon 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 CVIIIII)Cling applicant. If you have any questions regarding your lease renewal or need further assistance, please contact Fernando Roybal at Sismcucly, Dennis Garcia, Dtrector Surface Resources Division N.M. State Land Office, P. O. Box 1148, Santa Fe, NM 87504-1148 EFTA00101531 (Page 52 of 53) RECEIPT ot ‘ • OFFICE OF THE COMMISSIONER OF eu*Ds P.O. BOX 1148 • SANTA FE, NEW MEXICO • B7504 • -Tao-GRP :7 - ,::"VVor. warc ..I OR CONTRACT NO. " :r."17:7•:‘'l, .,* GMZ791 GRAZING AGRI COMMENTS: STATEMENT OF RECEIPT PAID BY 3ATCH NO. PAID': • "DATE tWENAETY 7I.AM°Dkq liod9-1d21193 b • 86 . 8'72E2 DATE PROCESSED 11/08/93 ' RR° TRUST TO SE FILED IN LESSEES FOLDER THANK YOU COMMISSIONER OF PUBLIC LANDS BALANCE*11,tr, 144- EFTA00101532 (Page 53 of 53) OFFICE OF THE COMMISSIONER OF PUBLIC I S P.O. BOX 1148 • SANTA FE, NEW MEXICO • 87504 OR CONTRACT NO. 2r 41.] GM2791 GRAZING & AGRI COMMENTS: STATEMENT OF RECEIPT PAID BY RECEIPT • PND .puEOATEpENALTi ....,td I 0.1,149 916131 BATCH NO. J DATE PROCESSED 07/14/94 ZORRO TRUST TO BE FILED IN LESSEES FOLDER THANK YOU COMMISSIONER OF PUBLIC LANDS EFTA00101533