EFTA00101481
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(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)
5% LIS.
O •
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 LA".
LESSEE
LESSEE
sier.t
• 15
rnmurqc.rnww c jr.,-21p
YI.!:tjaf
ACKNOWLEDGMENTS Y4"
tviji
NATURAL PERSON(S)
STATE OF NEW MEXICO )
)
COUNTY OF gerrta.l• tt& )
THE FOREWING.JNsTRumENT WAS ACKNOWLEOUED BEFORE ME THIS MA DAY OF Matt , 199J •
' }It>.
4/.?itaa.41 11 1 J.ha ahlernis bri earl or Wis•4). e. <wort • ;L i .2A44..a6z2
N *5f, PERSON ACKNOWLEDGED)v
"tv
Ma(.'am(Ilastoriags:
.4/277:07rek. ALNA-4.LA.
NOTARY PUBLIC
ff
- eft-1'441.°e - re'
oo. PARTNERSHIP
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 , A PARTNERSHIP.
MY COMMISSION EXPIRES:
NOTARY PUBLIC
CORPORATION
STATE OP NEW MEXICO )
)
COUNTY OF )
THE FOREGOING INSTRUMENT WA3 ACKNOWLEDGED rinronn ND TII/0 DAY OP , 10
BY OF
(NAME OF OFFICER) (TITLE OF OFFICER)
A CORPORATION, ON RENAL?
(CORPORATION NAME)
OF SAID CORPORATION.
NY COMMISSION EXPIRES:
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 TOTAL CHARGE: $856.99
PARTIAL RELINQUISHMENT OF GM-2583
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 tein (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 19,
County of rki\a-O...CYL-.
State of r -Snid -o-cAL.)
Subscribed and sworn to before me this ris. day of tq aia_N8, t f„ 1908)
by 0.Aim
v
t tbki.ket
MY COMMISSION fftES: 0 - IS -(1(D
Public
Approved iiiiIIIIT-Dillle-ahnin—rlame&Ellnchaser this
19
9C5 "7' c
., SEAL
• 7vC
Asi
STATL 01. Nive CO
Comm'
My Commission Expires 10-1,t 5— %
ASSIGNMENT FEE - fl iS DIRT dears)
S-36 (revised 1/93) 03-08-93411:06 S50.08+ 10
8534
EFTA00101491
12 of 53)
iitke •
LCAG040-01 NEW MEXICO STATE LAND OFFICE PAGE: 1
•
AGRICULTURE LEASE MASTER LIST 03/10/93 LEASE NR' GM2791 •
LESSEE NAME FST CONTACT ERROR
HR ID LEASEHOLDER NAME(S) CAVEAT INT% BILL ATE TELEPHONE INDICATOR
• •
11760 53212 ZORRO TRUST JEFFREY E. EPSTEIN - TRUSTEE Y T 2 5
BILLING ADDRESS: 457 MADISON AVFNIIF
• NEW YORK NY 10022-0000 •
LEASE SEQ
MR NR TYPE CONSULIVAILD FROM
• GM2791 000 RENEWAL
•
LEASE SEQ SEC TWN RNG SUBDIVISION(5) ACREAGE TYPE PPU-- CC CHARGE INST
• LOTS 1,2,3,4,7,SW4NE4,S2NW4,SW4 518.97 GRAZING 12 383.75 01 <WARNING'S
GM2791 001 02 12.ON 09.0E
GM2791 002 16 12.ON 09.0E ALL 640.00 GRAZING 12 473.24 01
• LEASE TOTALS 1,158.97 5856.99 •
TYPE: --RANGELAND-- BID -(CULTIVATED) DRY --IRRIGATED-- --ASSOCIATED- CRP -IMPROVEMENT-
ACREAGE: 1,158.97 .00 .00 .00 .00 .00 .00 .00
• CHARGES: 5856.99 5.00 5.00 5.00 5.00 5.00 5.00 5.00 •
DISTRIBUTION SUMMARY
--LEDGER-- LEASE
• INST INST X ACREAGE CHARGES •
01 «ERROR>> 01 1.000 1,158.97 $856.99
TOT «ERROR» 1.000 1.158.97 $856.99
• •
• •
•
•
• •
•. •
•~ •
• •
EFTA00101492
EFTA00101493
)12abolaS anuore -
EFTA00101494
IP,
"tate of Xefu Pexictr
OFFICE OF THE
Eautiniosientr of Public 'Posits
JIM BAC_A
COMMISSZNER (anth 3e PO. KIX 1148
SANTA re. NEW MCXICO 875044148
March 11, 1993
Hinkle Law Firm r 2 rr T )
RE: GRAZING LEASE NO. GM-2791
Dear Lessee(s):
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)
'tate of Xefu gitexica
OFFICE OF THE
Commissioner of Public Tumbs
IDABACA
COMMISSIONER ,Manta .7e Es O. SOX 1148
SANTA IE. NEW MEXICO IMO4-I mi8
MEMORANDUM
March 11, 1993
TO: Grazing Lease No. GM-2583
FROM: Surface Division/JV
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 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 02 12 North 9 East 518.97
All 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 - Tiacnzer tfriciN - Trkus4tsL
ADDRESS4/c -7 MAnincriA./ AltuJ Vcg...k7) /t/e.L1 Scar_ /007 -7
DESIGNATED CONTACT4t:ir /4 fit R)2 TaAiitty
ADDRESS PHONE NO.
LEGAL DESCRIPTION SECTION! RCM. COUNTY: 4
2,Q . /.2A/ O9t
-Sr
F .444nr
REMARKS: r
4= A //e
• tv„ 41 AM&
DATE RETURNED TO REQUESTING DIVISION/BUREAU: 3
LAND USE SPECIALIST RECOMMENDATION:
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 VA,
-
arn
EFTA00101498
(Page 19 of 53)
AGRICULTURE LESSEE
ORIENTATION
Lease No. 671- 2711 Field Assign. No. Al./6
General discussion of State Land Office and its mission. (pamphlet)
1.
General discussion of agricultural lease terms arid conditions.
2. (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.
General discussion of Range Stewardship Incentive Program.
3 ©
4. d' General discussion of Rule 8. (Copy of Rule)
Transfer/Assignment of lease to new lessee.
5. Gi a. Withdrawals. 9.6.4
0 b. Conversion to cultivated land.
0 c. Filing fees.
6. ri Letter from Commissioner to lessees.
7. M i Hunter occess.
tbratifidtiVs.r-
I certify that the Land Use Specialist has gi e the documents required and has
instructed me on the terms and conditions of m Jpase.
Lessee
fitgati-
Dat
EFTA00101499
(Page. 20 of 53)
•
HINKLE, COX, EATON, COFFIELD & HENSLEY
Ian C ca ATTORN CT. AT LAW /00 VNITLO 0/001 riaisa
PALL ai CATON
Cassie C hwy. 500 NAROUCTTC N.W.. Bunt SOO POST OrTICC 1102,
PAPOLD I. MCIALLT. JR ItOsarT.L. TAW ACTsCO 00402
MOTT ft SIATIOA POST Orriet SOX a043
Tam • ••••/.0PIC
C MARTIN ALOIJOUICROUIC, NLW MEXICO 07103
AWL a CAA JA
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WIISMILL 0. ITAIVIIN
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001.0114 L LIPS0010
JOHN a UGLY.
sitiOuM .6 siOnliain ACM IT Inn POCT nrner an. ICAO
WALT, trek.. /00•MINS
I. Catch CMOS AI Wen ft AuSOAAT 1004-040 1001.5 70707
C 1500400100. A avapeni
t•Ition• • in CIANS caw RCA C fri000.0.3. JC •••••en
appanis a AAA. a sta.. Aswan
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DANN a NPR= SWAM N CitamPTON COW40.
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/MOOR. S PACTS/ft BACK can
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Mlle Si CLOACA NOGG/ .1 CLOS° a • 1.1000
40.0µ/0 0 .01000 iToo Tast. AAA eft:tcipo
JCAACT L POMPOM. amCS A euXIAC
ATM/ D PAPILTI OML We IARSON POST OPTICC 005 92.113
Nan Kahn OltIONANIP wins. salitiOTON. 00
Aft./ r.sHOCIPOIO !SA ft KIA.ATTA. 6.00/4 Co0P00.
JCMC/ .cuSCOW PAPIAUCT WACTT ALAN J SW YMAN
Ma./ I- WM/ AAA • CTOTTAATO*
00$4.5 It I0•400 USA N Smile rIM
JOHMCCHWWW AN ACM SCO•Anie
0/00 0 CON/70•• aftwur. @craw
MICHATI. A 0 -Se
Noss CL Amid". At
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March 15, 1993 AMENS"
CACGOOT NOWT NOPINAM D CANA 1.00i MB Fa. .904 CVO*
CAM T IMPIPTTIT. DAMN I, /Wet. WAS •C. PAW WACO 87504
WC C PTV NOLL. itcanObei
• NOT ACCASCO IN New Attu CO
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:
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, please do not
hestitate to call me at
sincerely yours,
HINKLE, COX, EATON,
COFFIELD maircLnY
Paralegal
Enclosures
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
HINKLE, COX, EATON, COFFIELD & HENSLEY
WASCOR Tea SOWOLIWN ATTORNEYS AT LAW
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$7,2=0;7=40 . GANT- I.A•SON
MOMS KOMOI 11B.RwArC tanOST
ants a *SOW. ars • ...00T, Jn OWN
WC'S CUSACJI o W C.W.NOtwe
NAIRWITT • arr
T CallaNalf Nets Warr
SOK, MAN C•. en.
<0 KwaW lawf • tow
anti wL War N Sena. 1.00.10 S NOIMS
ate ,1 INACSO.Wa MWC.w NOMOIC *col orerCe •Ox 0230
Warr w NCLUSCW OWLS A LI TTON ViWeraTON. Lit
AMARILLO. TOYS NSW
Wan 1. WI W NW 0 awn SOW WrSCA
•••••• ALIN J UAW.
NOISY NONTOO4
0.0.000NNow NAW S LINCCUI
macaw efrofn WI A
mows raw of 01.0016
CAWS J NW' OWSTerC C WC
rws
ww C Oa Cwa•A If fan POST 02/KC BOX 2066
November 3, 1993 4.1r wws•-as &Mr.
• NOT LICCNSCO NOW SICX•CO
„
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:
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, Trustee
Zorro Trust
457 Madison Avenue
New York, NY 10022
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 OFF
ICE
SANTA FE, N.M.
•
EFTA00101505
(Page 26 of 53)
c iatz of ?Attu 21itexica
•
OFFICE OF THE
Canuatissiotter of Public !iambs
RAY E. POWELL
roumiCSIONEEI *nth Ai PANUO4
'JUNTA It, NOV MEXICO 82504 1140
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):
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 lr_
i aet •
Mary DuBose
Surface Resources Division
N.M. state Land Orrice
EFTA00101506
NEW MEXICO STATE LAND OFFICE
APPLICATION FOR PERMISSION TO MAKE IMPROVEMENTS
j 7ORRO RANCH
1, JEFFREY E. EPSTEIN 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
Windmill Value 5 N/A
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 Value :6,000.00
decimated time of c on: JULY:1/.1994
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.
\j. \\\•
\\
APPROVAL DATE 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
EFTA00101508
SANTA FE
County,
Township 12N Range 9E Township NIA Range
Township N/A Range Township
N/A Raw
Fetal 1114-Ifour on To. n.l..1p)
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S-09 (Revised 1/20/84)
S d
(Page 29 of
•
53)::.'
••
NEW MEXICO STATE LAND OFFICE
• at/ 4/11/91
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 cheer Por anti °dive sol eases.
I lease
Con ihese improernen-13 be thee 017 Privaie /am
Meuse threa and mare your fieCatimweiolatias
POPdi OdidItcs ?taw %'1
14ani-ej, 077 87056
DATE RETURNED TO REQUESTING DIVISION/BUREAU: 45-045/4
LAND USE SPECIALIST RECOMMENDATION: 7,4).4id tt. , A im4011 p 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: /Wei, 0,19941
DATE RET RNED TO LAN U14 SPECIALIST:
G-89 REVISED 1/91
EFTA00101509
(Page 30 of 53)
0
State of!Ws Atxico
RAY?MIL.
COMMONER
olouttnisoioner of ilublic pubs
310 OLD SANTA FE TRAIL P.Q sox 1140
SANTA FE. NEW MEXICO 07504.1148
FAX
MAY 18, 1994 MJG-684
TO: RAY POWELL, M.S., D.V.M.,
COMMISSIONER OF P
FROM:
LAND USE SPECIAL
SUBJECT: GM-2791. APPLICATION FOIYIMPROVEMENTS. ZORRO
TRUST. ASSIGNMENT RECEIVED MAY 11, 1994.
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 C/0 3efPtj E. Epni-ct , 157 Inacif so 4 he New Voer k Y /Ma
DESIGNATED CONTACT -5ame
ADDRESS 5 QM PHONE NO.
LEGAL DESCRIPTION SECTION: TWP. RGE. COUNTY:
Ili /a#) Sank Fe.'
REMARKS: p-esoe Neel Pbr any Oda, sleages.
on h1sP mproyeqm-1 be fhee 017 Pt] o yi,
?lease /n sped and mole pu, Aeon inin-endatin
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
•
sr'
ar„mv.isr
RATRPOWELL
comasseme Commissioner 4 Ube Lands PA.SOX 114
SANTA ft. NEW MEOCOST3041148
457 Illach5on
P.
Zorn, Ra
x 567 Nit: yoft f itly /60.O- Reference AgrirOtaral LPAge Nn. GM-2791
imprnvamant Application
/2---Tianley, NM 87056
Attn: Jeffrey E. Epstein May 23, 1994
Date
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
•• -
.
• •
• • •
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 TELEEMONE,•4,
'''''''
JEFFREY cPc,TE(N 'TRUSTEE
LESSEE TELEP 'Y •
COMMISSIONER .0 FfuanIci tAt
• 2 • • l•
•-• • A r •
ACKNOWLEDGMENTS • •• 4. .7 : •••-:
NATURAL PERSON(S) •• *. ..*A1‘ id • ••:(-: r
STATE OF NEW MEXICO )
) ••. --
COUNTY OF ) 1 , .
THE FOREGOING INSTRUMENT WAS AcKNowLEu(iEu sEruRE ME THIS Lim ur , 19 ,
RY
(NAME OF PERSON ACKNOWLEDGED)
MY COMMISSION EXPIRES:
NOTARY PUBLIC
PARTNERSHIP
STATE of NEW MEXICO )
)
COUNTY OF )
THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OF , 19 ,
BY
(NAME OF PERSON ACKNOWLEDGED)
PARTNER(S) ON BEHALF OF , A PARTNERSHIP.
MT COMMISSION EXPIRES;
NOTARY PUBLIC
olowtorto*G44€0*
STATE OF NEW MEXICO ) iR IAS-r
)
COUNTY OF )
THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS C.: DAY OF
T-4.7 ,
BY )6.4 , OF
(NAME OPI5CER) (TITLE OF OFFICER)
c e/0 1 ,-...-4 A 'TRUST BEHALF
(EPEOPNIA4444 NAME) /
.t" rs
OF SAID 09RPORA.Q44/N1
"Must"
MY COMMISSION EXPIRES: -
EFTA00101521
(Page 42 of 53)
ri-'
' 09: ...
-; • ,
1-•:::?7,. PC • • •. is a-
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, ('
J /
1
2 LAI Alf." P. ICOC4•1 , DO SOLEMNLY SWEAR (OR AFFIRM), UNDER
THE PENALTIES OF PERJURY, THAT AFTER HAVING PERSONALLY INSPECTED THE TRACT OF LAND(S)
CONTAINED IN LEASE NO. e in11 214 4 AND DESCRIBED IN EXHIBIT A OF SAID LEASE, THAT MY
OPINION OF THE APPRAISED CASH VALUE 01 SAME (WITHOUT IMPROVEMENTS) IS $ '24N9 ,600 PER
ACRE, IF GOLD, AND 0 ./4-.03,645) DER ACRE, FOR LEASE PURR DICE7--A D CERTIFY THAT I AN NOT
iNTERESTPD IN SAID LAND FOR LEASING OR SALE THEREOF.
SIONED
ADDRESS %5? M
CITY/S'TA'TE NEV t PICK-
1„9
smiscRrnrn AND SWORN TO BEFORE ME THIS DAY OF 19 17,1 •
KY COMMISSION EXPIRES:
EFTA00101523
' (Page 44 of 53)
•
4-4.
Z.} 2't pit 8 16 •
• . . l iCE
;;;:: IA FE. ;1.
•
• •
EFTA00101524
(Page 95 of 53)
4,0 110
EXHIBIT A
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)
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••• Il ...*
• •
EFTA00101526
(Page 47 of 53)
State of New Mexico
RAY 8 POWF11.
COMMISSONER Commissioner of Public Lands P.O. BOX 1148
MARA Ft. NEVI M[48:O 87804-1144
. Zorro Trust Reference Agricultural Lease No. GM-2791
c/o Jeffrey E. Epstein
4:)/ Madison Ave.
• New York, NY 10022
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
Poat4N Far Note 7671 0am EM
Sincerely,
7o peel 1_,Drit4 F
CoJDOM. Co
Phone II Phone,.
C-76 (February 15, 1984)
EFTA00101527
(Pp 98 of 53)
0
LEASE NO: .791
iNz7
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:
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)
r
7 Th'i 8 16
'n r
• I
P.;
• I .**1 K i e. ;• •
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 •
warc
" .".'
-Tao-GRP : 7 - ,: :"VVor.
NO.
..I ORCONTRACT " :r."17:7•:‘'l, .,* PAID': • "DATE tWENAETY 7I.AM°Dkq BALANCE*11,tr,
GMZ791 GRAZING AGRI liod9-1d21193 b • 86 . 8'72E2 144-
COMMENTS:
STATEMENT OF RECEIPT
3ATCH NO. DATE PROCESSED 11/08/93
PAID BY ' RR° TRUST
THANK YOU
TO SE FILED IN LESSEES FOLDER COMMISSIONER OF PUBLIC LANDS
EFTA00101532
(Page 53 of 53)
RECEIPT
OFFICE OF THE COMMISSIONER OF PUBLIC I S •
P.O. BOX 1148 • SANTA FE, NEW MEXICO • 87504
OR CONTRACT NO. 2r 41. ] P ND .puEOATEpENALTi
GM2791 GRAZING & AGRI 916131
0.1,149 ....,td I
COMMENTS: STATEMENT OF RECEIPT
BATCH NO. J DATE PROCESSED 07/14/94
PAID BY ZORRO TRUST
THANK YOU
TO BE FILED IN LESSEES FOLDER COMMISSIONER OF PUBLIC LANDS
EFTA00101533