<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Monday, July 18, 2011 3:34 PM</td></tr><tr><td>To:</td><td>Ghislaine Maxwell</td></tr><tr><td>Subject:</td><td>Fwd: ZD-Livestock-7-18-11</td></tr></table>

Hmmm.

Begin forwarded message:

Email information:

*   **From:** Zorro Ranch
*   **Date:** July 18, 2011 11:31:44 AM EDT
*   **Subject:** ZD-Livestock-7-18-11
*   **To:** [redacted]

Good Morning

Wendy mentioned that you had requested photos of the animals that Zorro was removing from the Ranch, so you could forward to GM, pretty much word of mouth has got out and it looks like we can sell or give everything away locally. Wendy is placing an ad in the paper for the horses, noting it will be difficult to sell Max or Diablo, but she will give it a go.

I will review all the tack etc when I am on site next week noting we have 2 brand new English saddles and a number of other items that I believe we would be better to sell, but I would like to get it all together first and forward to JE to get his thoughts.

## Warmest regards

Karen

Zorro Development Corp