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.. AOJO Rev. 112011 FINANCIAL DISCLOSURE REPORT Report Required by the Ethics in Government Act of1978 FOR CALENDAR YEAR 2010 (5 U.S.C. app ff JOI-I I I) Person Reporting (last name, first, middle initial) Court or Organization Dale of Report U.S. Court of Appeals-I 0th Cir Title (Article 111 judges indicate active or senior status; magistrate judges indicate full- or pan-time) U.S. Circuit Judge (Active) 7. Chambers or Office Address Post Offce Box 10113 Santa Fe, New Mexico 87504-6113 Sa. Report Type (check appropriate type) 6. Reporting Period D Nomination, D Initial Sb. [{ Annual 0 Amended Repon D Date 01/01/2010 Final to 12/31/2010 8. On the basis of the information contained In this Report and any modifications pertaining thereto, it is, in my opinion, in compliance with applicable laws and regulations. Reviewing Officer Date IMPORT ANT NOTES: The instructions accompanying this form must be followed. Complete all parts, checking the NONE box for each part where you have no reportable information. Sign on last page. POSIT! 0 NS. (Reporting individual only; see pp. 9-13 of filing instructions.) [{ NONE (No reportable positions.) POSITION NAME OF ORGANIZATION/ENTITY I AGREEMENTS. (Reporting individual only; see pp. 14-16 of filing instructions.) [{ NONE (No reportable agreements.) PAR TIES AND TERMS

Page2of6 II N 0 N-INVES TMENT IN CO ME. (Reporting individual and spouse; see pp. 17-24 of filing instruc tions.) A. Filer's Non-Investment Income D NONE (No reportable non-investment income.) SOURCE AND TYPE INCOME (yours, not spouse's) 2010 State ofnew Mexico, Public Employees Retirement Assn. Volunteer $1200.00 Firefighter Pension 2010 Santa Fe Co. Fire Fighter Stipend $2,000.00 B. Spouse's Non-Investment Income - I/you were married during any portion of the reporting year, complete this section. (Dollar amount not required except for honoraria.) D NONE (No reportable non-investment income.) SOURCE AND TYPE 2010 First Community Bank - Advisory Board Fee IV. REIMBURSEMENTS transportation, lodging, food, entertainment (Includes those lo spouse and dependent children; see pp. 25-27 of filing instructions.) - D NONE (No reportable reimbursements.) SOURCE DATES LOCATION PURPOSE ITEMS PAID OR PROVIDED 20 IO Showcase Moot Court, Notre Dame Law School 2/17-19/20 IO South Bend, Indiana Judge final round of Comp Transportation, lodging and meals. 20 I 0 Irving R. Kaufman Memorial Securities Law Moot Court, Fordham Law School 3/26-29/20 IO New York, New York Judge final round of Comp Transportation, lodging and meals.

Page 3of6 V. GIFTS. (Includes those to spouse and dependent children; see pp. 28-31 of filing instructions.) [{ NONE (No reportable gifs.) SOURCE DESCRIPTION VALUE VJ. LIABILITIES. (Includes those of spouse and dependent children; see pp. 32-33 of filing instructions.) [{ NONE (No reportable liabilities.) CREDITOR DESCRIPTION VALUE CODE

Page 4of6 Date of neport VI INVESTMENTS and TRUSTS -income, value, transactions (Includes tltose of spouse and dependent children; see PP 34-60 offiling instructions.) D NONE (No reportable income, assets, or transactions.) A. B. c. D. Description of Assets Income during Gross value at end (including trust assets) reporting period ofreporting period (I) Transactions during reporting period (2) (I) (I) (3) (4) (2) (2) (5) Place "(X)" after each asset Amount Type(e.g., Value Value Type(e.g., Date Value Gain Identity of Code I exempt from prior disclosure div., rent, Code 2 Method buy, sell, mm/dd/yy Code 2 Code I buyer/seller (A-H) or int.) (J-P) Code3 redemption) (J-P) (A-H) (if private (Q-W) transaction) First Community Bank, Sante Fe, NM (change of name) Misc. Oil & Gas Interests (Lea & Eddy Co., NM)(Wyo, Texas) B Interest J T A Royalty J w Rich Third Ltd. B Dividend K w First National Tower Ltd. c Dividend L w T. Rowe Price Capital App. A Dividend L T 6. T. Rowe Price Equity Inc. A Dividend L T 7. T. Rowe Price Spectrum Growth A Dividend J T 8. T. Rowe Price New Income c Dividend L T 9. T. Rowe Price Spectrum Income B Dividend K T JO. First St. Bancorporation A Dividend J T 11. Northwestern Mutual Life D Dividend L T 1 T. Rowe Price High Yield B Dividend L T 1 T. Rowe Price International Bond Fund A Dividend J T 1 T. Rowe Price Short Term Bond B Dividend K T 1 T. Rowe Price Summit Cash Reserves A Dividend K T 16. 17. Income Gain Codes; A =$1,000 or less B =$1.00I - $2,500 C $2,50 I -$5,000 D $5,001 -$15,000 E =$15,001 -$50,000 (See Columns Bl and 04) F =$50,001 $100,000 G =$100,001 -$1,000.000 HI $1,000,001 -$5,000,000 H2 More than $5,000,000 Value Codes J $15,000 or less K =$15,001 $50,000 L =$50,001 -$100,000 M 4100,00 I -$250,000 (Sec Columns CJ and DJ) N =$250.00 I - $500,000 0 =$500,00 I -$1,000.000 Pl =$1,000,001 -$5,000,000 P2 =$5,000,00 I $25,000.000 P3 =$25,000,00I -$50.000.000 P4 More than $50,000,000 Value Method Codes Q =Appraisal R =Cost (Real Estate Only) S =Assessment T =Cash Market (Sec Column C2) U =Book Value V :::Other W =Estimated

Page 5of6 VII ADDITIONAL INFORMATION OR EXPLANATIONS. (lndicaleparlofreport.)

Page 6of6 IX. CERTIFICATION. I certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provisions permitting non-disclosure. I further certify that earned income from outside employment and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of 5 U.S.C. app. 501 et. seq., 5 U.S.C. 7353, and Judicial Conference regulations. Signature: s/ Paul J. Kelly, Jr. NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. 104) Committee on Financial Disclosure Administrative Offce of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544