EXHIBIT 10.2

 

AMENDMENT NO. 1

TO THE AIRBUS A380-800F PURCHASE AGREEMENT

DATED AS OF JULY 12, 2002

 

BETWEEN

 

AVSA, S.A.R.L.

 

AND

 

FEDERAL EXPRESS CORPORATION

 

This Amendment No.1 (hereinafter referred to as the “Amendment”) is entered into
as of December 20, 2005 between AVSA, S.A.R.L., a société à responsabilité
limitée organized and existing under the laws of the Republic of France, having
its registered office located at 2, Rond-Point Maurice Bellonte, 31700 Blagnac,
France (hereinafter referred to as the “Seller”), and Federal Express
Corporation, a corporation organized and existing under the laws of the State of
Delaware, United States of America, having its principal corporate offices
located at 3610 Hacks Cross Road, Memphis, TN 38125 USA (hereinafter referred to
as the “Buyer”).

 

WITNESSETH

 

WHEREAS, the Buyer and the Seller entered into an A380-800F Purchase Agreement,
dated as of July 12, 2002, relating to the sale by the Seller and the purchase
by the Buyer of certain Airbus A380-800F aircraft (the “Aircraft”), including
ten (10) option aircraft (the “Option Aircraft”), which, together with all
Exhibits, Appendixes and Letter Agreements attached thereto is hereinafter
called the “Agreement.”

 

WHEREAS the Seller and the Buyer have agreed to reschedule [ * ] of the Aircraft
for good and final consideration described herein [  *  ].

 

NOW, THEREFORE, IT IS AGREED AS FOLLOWS

 

1.                                      DEFINITIONS

 

1.1                                 Capitalized terms used herein and not
otherwise defined herein will have the meanings assigned to them in the
Agreement. The terms “herein,” “hereof” and “hereunder” and words of similar
import refer to this Amendment.

 

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*                                         Blank spaces contained confidential
information which has been filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as
amended.

 

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2.                                      DELIVERY

 

2.1                                 The parties hereby agree to reschedule [  * 
]:

 

[  *  ]

 

The [  *  ] are henceforth referred to individually as the [  *  ].

 

2.2                                 [  *  ], Clause 9.1.1 of the Agreement is
deleted in its entirety and replaced with the following quoted text:

 

QUOTE

 

9.1.1                        Subject to Clauses 2, 7, 8, 10 and 18, the Seller
will have the Aircraft Ready for Delivery at the Delivery Location within the
following months (each a “Scheduled Delivery Month”).

 

Firm Aircraft No.

 

Month/Year of Delivery

1

 

[ * ]

2

 

[ * ]

3

 

[ * ]

4

 

[ * ]

5

 

[ * ]

6

 

[ * ]

7

 

[ * ]

8

 

[ * ]

9

 

[ * ]

10

 

[ * ]

 

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*                                         Blank spaces contained confidential
information which has been filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as
amended.

 

2

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Option Aircraft No.

 

Month/Year of Delivery

11

 

[ * ]

12

 

[ * ]

13

 

[ * ]

14

 

[ * ]

15

 

[ * ]

16

 

[ * ]

17

 

[ * ]

18

 

[ * ]

19

 

[ * ]

20

 

[ * ]

 

2.3                                 Without prejudice to any of the provisions
of the Agreement, with respect to [  *  ] with the Scheduled Delivery Month of
[  *  ], the parties will make reasonable efforts to complete the Technical
Acceptance Process by [  *  ].

 

UNQUOTE

 

2.4                                 With respect only to the [  *  ]:

 

[  *  ]

 

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*                                         Blank spaces contained confidential
information which has been filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as
amended.

 

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3.                                      CONSIDERATION

 

3.1                                 In consideration of the rescheduling
described in Paragraph 2 above, the Seller agrees [  *  ]:

 

[  *  ]

 

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*                                         Blank spaces contained confidential
information which has been filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as
amended.

 

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4.                                      EFFECT OF THE AMENDMENT

 

The Agreement will be deemed amended to the extent herein provided, and, except
as specifically amended hereby, will continue in full force and effect in
accordance with its original terms. This Amendment supersedes any previous
understandings, commitments or representations whatsoever, whether oral or
written, related to the subject matter of this Amendment.

 

Both parties agree that this Amendment will constitute an integral, nonseverable
part of the Agreement and be governed by its provisions, except that if the
Agreement and this Amendment have specific provisions that are inconsistent, the
specific provisions contained in this Amendment will govern.

 

5.                                    CONFIDENTIALITY

 

This Amendment is subject to the confidentiality provisions set forth in Clause
22.7 of the Agreement.

 

6.                                      ASSIGNMENT

 

Notwithstanding any other provision of this Amendment or of the Agreement, this
Amendment will not be assigned or transferred in any manner without the prior
written consent of the Seller, and any attempted assignment or transfer in
contravention of the provisions of this Paragraph 6 will be void and of no force
or effect.

 

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7.                                    COUNTERPARTS

 

This Amendment may be executed by the parties hereto in separate counterparts,
each of which when so executed and delivered will be an original, but all such
counterparts will together constitute but one and the same instrument.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers or agents on the date first above written.

 

 

 

 

 

AVSA, S.A.R.L.

 

 

 

 

 

 

 

 

 

By:

/s/ MARIE-PIERRE MERLE-BERAL

 

 

 

 

 

 

 

Marie-Pierre Merle-Beral

 

 

 

 

 

 

 

Its: Chief Executive Officer

 

 

 

 

 

FEDERAL EXPRESS CORPORATION

 

 

 

 

 

 

 

 

 

By:

/s/ PHILLIP C. BLUM

 

 

 

 

 

 

 

Phillip C. Blum

 

 

 

 

 

 

 

Its: Vice President

 

 

 

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