EX-10.7



 Exhibit 10.7 

 
  

SEVENTH AMENDMENT 
 to
the 
 COMPOSITE LEASE AGREEMENT 

By and Between 

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY 

and 
 FEDERAL EXPRESS
CORPORATION 
 Effective as of April 1, 2016 
  

 







 SEVENTH AMENDMENT TO THE COMPOSITE LEASE AGREEMENT 

This SEVENTH Amendment is made and entered into as of the 1st day of June 2016, by and
between MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY (herein referred to as “Authority”), a body politic and corporate, organized and existing under the laws of the State of Tennessee, and FEDERAL EXPRESS CORPORATION (herein referred to as
“Tenant”), a corporation duly organized and existing under the laws of the State of Delaware. 
 W I T N E S S E T H: 

WHEREAS Authority and Tenant executed an instrument entitled “Composite Lease Agreement” with an effective date of January 1, 2007
(that instrument, as previously amended by First Amendment to the Composite Lease Agreement intended to be effective as of September 1, 2008; by Second Amendment to the Composite Lease Agreement intended to be effective as of June 1, 2009;
by Third Amendment to the Composite Lease Agreement intended to be effective as of July 1, 2009; by Fourth Amendment to the Composite Lease Agreement intended to be effective as of December 15, 2011; by Fifth Amendment to the Composite Lease
Agreement intended to be effective as of January 1, 2013; by Sixth Amendment to the Composite Lease Agreement intended to be effective as of July 1, 2014; collectively referred to herein as the “Composite Lease Agreement”); 

WHEREAS Authority and Tenant intended the Composite Lease Agreement to represent each of 23 separate lease agreements between the parties
(later increased to 26) and showed the differences among the 23 (later 26 leases) by attaching to the Composite Lease Agreement as Exhibit A, a schedule that identified each parcel of real property Authority leased to Tenant, the portion of the Term
(as defined in the Composite Lease Agreement) during which the lease of each parcel will be in effect, and the rent that Tenant pays to Authority for each parcel; and 

WHEREAS the parties entered into a Special Facility Ground Lease Agreement dated July 1, 1993, and as amended by First Amendment dated
September 1, 2008, and a Special Facility Lease Agreement dated July 1, 1993, in conjunction with the issuance of Special Facilities Revenue Bonds, Series 1993 (“Series 1993 Bonds”), to finance the construction, installation, renovation,
and remodeling of the building known as the Corporate Hangar and the buildings known as Hangars 11 and 12; and 

  
 2 








 WHEREAS the Series 1993 Bonds will be paid in full and retired on or before the effective date of
this SEVENTH Amendment, and the Special Facility Ground Lease Agreement and the Special Facility Lease Agreement will terminate upon retirement of the Series 1993 Bonds; and 

WHEREAS the parties wish to amend the Composite Lease Agreement to add a parcel of land to be used for but not limited to parking effective as
of April 1, 2016.
 NOW, THEREFORE, for and in consideration of the promises, covenants and agreements hereinafter contained to be kept
and performed by the parties hereto and upon the provisions and conditions hereinafter set forth, Authority and Tenant do hereby covenant and agree as follows: 

SECTION 1. Definitions. Except as otherwise provided herein, and unless the context shall clearly require otherwise, all
words and terms used in this SEVENTH Amendment that are defined in the Composite Lease Agreement, the Special Facility Ground Lease Agreement and the Special Facility Lease Agreement shall have the respective meanings given to them in
each agreement for all purposes of this SEVENTH Amendment. 
 SECTION 2. Modification of Composite Lease and Applicable
Rent. The parties amend the Composite Lease Agreement to reflect the addition of Parcel 29, as described in the attached description, and all improvements constructed on Parcel 29 prior to the effective date of this
Amendment which is approximately 29,174 square feet, the parties incorporate the attached descriptions of Parcel 29, to be part of Exhibit “A” to the Composite Lease Agreement and the parties substitute the table attached to
this Amendment for the table included as part of Exhibit “A” to the Composite Lease Agreement. The substitution of that table will accomplish the following: 

(a) Effective as of April 1, 2016 the annual rent will be increased by an amount equal to the product achieved by multiplying the combined
area of the improved land (i.e., 29,174 square feet) by $ 0.2077 per square foot of additional area footprint. 
 (b) The rent, as
adjusted in accordance with the foregoing, will continue to be subject to adjustment in accordance with the terms of Section 2.03(a)(i) of the Composite Lease Agreement 

SECTION 3. Remainder of Composite Lease in Effect. All other terms, provisions, conditions, covenants and
agreements of the Composite Lease shall continue in full force and effect. 
 SECTION 4. Effective Dates of this SEVENTH
Amendment. This SEVENTH Amendment shall become effective as of April 1, 2016. 

  
 3 








 IN WITNESS WHEREOF, the parties have caused their duly authorized representatives to execute this
SEVENTH Amendment to the Composite Lease Agreement.  
  

									
	MEMPHIS-SHELBY COUNTY	 		 	FEDERAL EXPRESS CORPORATION
	AIRPORT AUTHORITY	 		 		 	
				
	 /s/ Scott A. Brockman
	 		 		 	
	By:	 	Scott A Brockman	 		 	By:	 	 /s/ Wiley Johnson, Jr.

	Scott A. Brockman, A.A.E.	 		 		 	
	President and CEO	 		 	Title:	 	 Managing Director, Real Estate and Airport Development

				
		 		 	Date:	 	  


  

			
	Approved as to Content
		
	By:	 	 /s/ Forrest B. Artz

		 	Forrest B. Artz, Vice President of Finance and Administration & CFO
	
	Approved as to Form and Legality:
		
	By:	 	 /s/ Brian Kuhn

		 	Brian Kuhn, General Counsel


  
 4 








 [DIAGRAM] 







 Description of Lease Parcel 

Description of a ground lease area being a portion of the Memphis-Shelby County Airport Authority Property as recorded in Special Warranty Deed F5-5925,
Parcel 1, said ground lease area being located south of Democrat Road and west of the former T.A.N.G. property and more particularly described by metes and bounds as follows: 

BEGINNING at the northwest corner of the former T.A.N.G. Supplemental Agreement No. 5, said northwest corner being located in the south right-of-way
line of Democrat Road (100’ right-of-way, 60’ from centerline) and being located South 89 degrees 11 minutes 03 seconds East, a distance of 1362.75 feet along the south right-of-way line of Democrat Road from a right-of-way corner in which
the rightof-way of Democrat Road changes from a 200 foot right-of-way to a 100 foot right-of-way, said right of way corner being N00°40’37”E, 39.20’ from a found right-of-way concrete marker; thence departing from said south
right-of-way line of Democrat Road and with a portion of the west line of said former T.A.N.G. Supplemental Agreement No. 5, South 02 degrees 17 minutes 08 seconds West a distance of 322.96 feet to the most northerly northeast corner of Lease Parcel
4; thence with a portion of the north line of said Parcel 4, South 66 degrees 23 minutes 23 seconds West a distance of 89.62 feet to a point; thence departing from said north line, North 00 degrees 50 minutes 00 seconds East a distance 359.92 feet
to a point on said south right-of-way line of Democrat Road; thence with a portion of said south right-of-way line, South 89 degrees 11 minutes 03 seconds East a distance of 89.77 feet to the TRUE POINT OF BEGINNING and containing 29,174
square feet or 0.67 acres, more or less. 







 APPROVED: 

            MSCAA 

            FEDEX 

 

																																																																																	
	 	 	A	 	B	 	 C
	 	D	 	F	 	 	G	 	 	H	 	 	P	 	 	Q	 	 	R	 	 	S	 	 	T	 	 	U	 	 	 V
	 	W	 	 	X	 	 	Y	 	 	Z	 	 	AA	 	 	AB	 	 	 AC
	 	 AD
	 	 AE
	 	 AF
	 	 AG

	1	 	 EXHIBIT A to the Composite Lease Agreement as amended by the Sixth Amendment
dated July 1, 2014

	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2011	 	 	2012	 	 	 2013
	 	 	2014	 	 	 2015-17
	 	 2018
	 	 
	3	 	 	 	FEDEX	 	 	 	 	 	 	 	 	 	 	 	EFFECTIVE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4	 	PARCEL	 	LEASE	 	 	 	 	 	EFFECTIVE	 	 	SQUARE	 	 	DATE	 	 	EFFECTIVE
DECEMBER
2011	 	 	EFFECTIVE SEPTEMBER 2012	 	 	 EFFECTIVE July 1, 2013
	 	 	 	 	 	EFFECTIVE July 1, 2014	 	 	 Effective April 1, 2015-
December 31,
2017
	 	 EFFECTIVE
July 1, 2018
	 	 
	5	 	NUMBER	 	NUMBER	 	 SUPPLEMENTAL
	 	USE
OR LOCATION	 	DATE	 	 	FEET	 	 	RATE	 	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	 ESCALATION
(3)
	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	 RATES
	 	 MONTHLY
	 	 ANNUAL
	 	 ESCALATION
(3)
	 	 
	6	 	1	 	07-0958	 	 N/A
	 	TAXIWAY N	 	 	2/1/2009	  	 	 	100,035	  	 	$	0.1906	  	 	$	0.1906	  	 	$	1,588.89	  	 	$	19,066.67	  	 	$	0.1906	  	 	$	1,588.89	  	 	$	19,066.67	  	 	CPI OR 13%	 	$	0.2077	  	 	$	1,731.41	  	 	$	20,776.95	  	 	$	0.2077	  	 	$	1,731.41	  	 	$	20,776.95	  	 		 		 		 	CPI OR 13%	 	
	7	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	8	 	2	 	07-0959	 	 SUPPLEMENTAL 26
	 	AMR
FACILITIES/
LANDLOCKED
PARCELS	 	 	1/1/2007	  	 	 	1,082,446	  	 	 	Varies (1)	  	 	 	Varies (1)	  	 	$	28,533.41	  	 	$	342,400.87	  	 	 	Varies (1)	  	 	$	28,533.41	  	 	$	342,400.87	  	 	CPI OR 13%	 	 	Varies (1)	  	 	$	31,092.85	  	 	$	373,114.23	  	 	 	Varies (1)	  	 	$	31,092.85	  	 	$	373,114.23	  	 		 		 		 	CPI OR 13%	 	
	9	 		 		 	N/A 5th Amendment to Composite Lease	 	UNIMPROVED
GROUND	 	 	11/1/2013 	(9) 	 	 	44,344	  	 	$	0.2077	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	CPI OR 13%	 	 	0.2077 	(9) 	 	 	N/A	  	 	 	N/A	  	 	$	0.2077	  	 	$	767.52	  	 	 	$9,210.25	  	 		 		 		 	CPI OR 13%	 	
	10	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	11	 	3	 	07-0960	 	 SUPPLEMENTALS
	 	WEST RAMP	 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	12	 	 	 	18, 19, 20, 21, 22 & 23	 	UNIMPROVED
GROUND	 	 	1/1/2007	  	 	 	3,111,647	  	 	$	0.1525	  	 	$	0.1906	  	 	$	49,423.33	  	 	$	593,079.92	  	 	$	0.1906	  	 	$	49,423.33	  	 	$	593,079.92	  	 	CPI OR 13%	 	$	0.2077	  	 	$	53,856.60	  	 	$	646,279.19	  	 	$	0.2077	  	 	$	53,856.60	  	 	$	646,279.19	  	 		 		 		 	CPI OR 13%	 	
	13	 	 	 	22, 24 & 25	 	UNIMPROVED
GROUND	 	 	1/1/2007	  	 	 	914,283	  	 	$	0.1525	  	 	$	0.1906	  	 	$	14,521.86	  	 	$	174,262.34	  	 	$	0.1906	  	 	$	14,521.86	  	 	$	174,262.34	  	 	CPI OR 13%	 	$	0.2077	  	 	$	15,824.47	  	 	$	189,893.67	  	 	$	0.2077	  	 	$	15,824.47	  	 	$	189,893.67	  	 		 		 		 	CPI OR 13%	 	
	14	 		 		 	N/A 5th Amendment to Composite Lease	 	UNIMPROVED
GROUND	 	 	11/1/2013 	(9) 	 	 	2,744	  	 	$	0.2077	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	CPI OR 13%	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	0.2077	  	 	$	47.49	  	 	$	569.92	  	 		 		 		 	CPI OR 13%	 	
	15	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	16	 	4	 	07-0961	 	 N/A
	 	TAXIWAY C	 	 	2/1/2009	  	 	 	731,098	  	 	$	0.2400	  	 	$	0.2400	  	 	$	14,621.96	  	 	$	175,463.52	  	 	$	0.2400	  	 	$	14,621.96	  	 	$	175,463.52	  	 	CPI OR 13%	 	$	0.2615	  	 	$	15,933.55	  	 	$	191,202.60	  	 	$	0.2615	  	 	$	15,933.55	  	 	$	191,202.60	  	 		 		 		 	CPI OR 13%	 	
	17	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	18	 	5	 	07-0962	 	 SUPPLEMENTAL 13
	 	UNIMPROVED
APRON/
GRACELAND
RAMP	 	 	1/1/2007	  	 	 	515,496	  	 	$	0.1525	  	 	$	0.1906	  	 	$	8,187.79	  	 	$	98,253.48	  	 	$	0.1906	  	 	$	8,187.79	  	 	$	98,253.48	  	 	CPI OR 13%	 	$	0.2077	  	 	$	8,922.24	  	 	$	107,066.88	  	 	$	0.2077	  	 	$	8,922.24	  	 	$	107,066.88	  	 		 		 		 	CPI OR 13%	 	
	19	 	 	 	SUPPLEMENTAL 17	 	UNIMPROVED
APRON/
SIERRA RAMP	 	 	1/1/2007	  	 	 	$	0.1525	  	 	 	 	 	 	 	 	CPI OR 13%	 	 	 	 	 	 	 		 		 		 	CPI OR 13%	 	
	20	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	21	 	6	 	07-0963	 	 AGREEMENT #92-0833
	 	IRS/AOD	 	 	1/1/2007	  	 	 	2,248,286	  	 	 	N/A (6)	  	 	 	N/A (6)	  	 	$	125,000.00	  	 	$	1,500,000.00	  	 	 	N/A (6)	  	 	$	125,000.00	  	 	$	1,500,000.00	  	 	15% (7)	 	 	N/A (6)	  	 	$	143,750.00	  	 	$	1,725,000.00	  	 	 	N/A (6)	  	 	$	143,750.00	  	 	$	1,725,000.00	  	 		 		 		 	CPI OR 13%	 	
	22	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	23	 	7	 	07-0964	 	 SOUTHWIDE #90-0242
	 	GRAEBER
ASSIGNMENT	 	 	1/1/2007	  	 	 	427,030	  	 	 	N/A (6)	  	 	 	N/A (6)	  	 	$	2,506.15	  	 	$	30,073.80	  	 	 	N/A (6)	  	 	$	2,506.15	  	 	$	30,073.80	  	 	CPI OR 13%	 	 	N/A (6)	  	 	$	2,730.95	  	 	$	32,771.42	  	 	 	N/A (6)	  	 	$	2,730.95	  	 	$	32,771.42	  	 		 		 		 	CPI OR 13%	 	
	24	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	25	 	8	 	07-0965	 	 SOUTHWIDE ASGMT. #80-0223
	 	EQUITABLE
LIFE	 	 	1/1/2007	  	 	 	451,370	  	 	 	N/A (6)	  	 	 	N/A (6)	  	 	$	2,340.16	  	 	$	28,081.92	  	 	 	N/A (6)	  	 	$	2,340.16	  	 	$	28,081.92	  	 	CPI OR 13%	 	 	N/A (6)	  	 	$	2,550.07	  	 	$	30,600.87	  	 	 	N/A (6)	  	 	$	2,550.07	  	 	$	30,600.87	  	 		 		 		 	CPI OR 13%	 	
	26	 		 		 		 		 				 				 				 				 				 				 				 				 				 		 				 				 				 				 				 				 		 		 		 		 	
	27	 	9	 	07-0966	 	SUPPLEMENTAL 15 (INTERNATIONAL PARK)	 	FEDEX
PARKING -
TCHULAHOMA	 	 	1/1/2007	  	 	 	833,458	  	 	$	0.2673	  	 	$	0.2673	  	 	$	18,565.28	  	 	$	222,783.32	  	 	$	0.2673	  	 	$	18,565.28	  	 	$	222,783.32	  	 	CPI OR 13%	 	$	0.2913	  	 	$	20,230.58	  	 	$	242,766.99	  	 	$	0.2913	  	 	$	20,230.58	  	 	$	242,766.99	  	 		 		 		 	CPI OR 13%	 	









																																																																																							
	28	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	29	 	10	 	 	07-0967	  	 	SUPPLEMENTAL 16 (INTERNATIONAL PARK)	 	FEDEX CONSTRUCTION STORAGE AREA	 	 	1/1/2007 	(2) 	 	 	140,617	  	 	$	0.2673	  	 	$	0.2673	  	 	$	3,132.24	  	 	$	37,586.92	  	 	$	0.2673	  	 	$	3,132.24	  	 	$	37,586.92	  	 	 	CPI OR 13%	  	 	$	0.2913	  	 	$	3,413.21	  	 	$	40,958.47	  	 	$	0.2913	  	 	$	3,413.21	  	 	$	40,958.47	  	 		 		 		 	 	CPI OR 13	% 	 	
	30	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	31	 	11	 	 	07-0968	  	 	SUPPLEMENTAL 13	 	UNIMPROVED GROUND/GSE STORAGE	 	 	1/1/2007	  	 	 	187,217	  	 	$	0.1525	  	 	$	0.1906	  	 	$	2,973.63	  	 	$	35,683.56	  	 	$	0.1906	  	 	$	2,973.63	  	 	$	35,683.56	  	 	 	CPI OR 13%	  	 	$	0.2077	  	 	$	3,240.36	  	 	$	38,884.38	  	 	$	0.2077	  	 	$	3,240.36	  	 	$	38,884.38	  	 		 		 		 	 	CPI OR 13	% 	 	
	32	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	33	 	12	 	 	07-0969	  	 	SUPPLEMENTAL 27	 	A-380 GSE STORAGE	 	 	12/01/07	  	 	 	187,618	  	 	$	0.1525	  	 	$	0.1525	  	 	$	2,384.31	  	 	$	28,611.75	  	 	$	0.1525	  	 	$	2,384.31	  	 	$	28,611.75	  	 	 	CPI OR 13%	  	 	$	0.1662	  	 	$	2,598.18	  	 	$	31,178.22	  	 	$	0.1662	  	 	$	2,598.18	  	 	$	31,178.22	  	 		 		 		 	 	CPI OR 13	% 	 	
	34	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	35	 	13	 	 	07-0970	  	 	SUPPLEMENTAL 23	 	A-380 RAMP	 	 	1/1/2007	  	 	 	1,897,879	  	 	$	0.1220	  	 	$	0.1220	  	 	$	19,295.10	  	 	$	231,541.24	  	 	$	0.1220	  	 	$	19,295.10	  	 	$	231,541.24	  	 	 	CPI OR 13%	  	 	$	0.1329	  	 	$	21,025.87	  	 	$	252,310.49	  	 	$	0.1329	  	 	$	21,025.87	  	 	$	252,310.49	  	 		 		 		 	 	CPI OR 13	% 	 	
	36	 	 	 	SUPPLEMENTAL 25	 	A-380 GSE RAMP	 	 	1/1/2007	  	 	 	319,113	  	 	$	0.1525	  	 	$	0.1906	  	 	$	5,068.58	  	 	$	60,822.94	  	 	$	0.1906	  	 	$	5,068.58	  	 	$	60,822.94	  	 	 	CPI OR 13%	  	 	$	0.2077	  	 	$	5,523.23	  	 	$	66,278.76	  	 	$	0.2077	  	 	$	5,523.23	  	 	$	66,278.76	  	 		 		 		 	 	CPI OR 13	% 	 	
	37	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	38	 	14	 	 	07-0971	  	 	SUPPLEMENTAL 14	 	UNIMPROVED APRON/DE-ICING EQUIPMENT STORAGE	 	 	1/1/2007	  	 	 	428,616	  	 	$	0.1525	  	 	$	0.1906	  	 	$	6,807.85	  	 	$	81,694.21	  	 	$	0.1906	  	 	$	6,807.85	  	 	$	81,694.21	  	 	 	CPI OR 13%	  	 	$	0.2077	  	 	$	7,418.52	  	 	$	89,022.18	  	 	$	0.2077	  	 	$	7,418.52	  	 	$	89,022.18	  	 		 		 		 	 	CPI OR 13	% 	 	
	39	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	40	 	15	 	 	07-0972	  	 	N/A	 	SPRANKLE ROAD	 	 	1/1/2007	  	 	 	200,695	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.00	  	 	$	0.00	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	 	N/A	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 		 		 		 	 	N/A	  	 	
	41	 	16	 	 	07-0973	  	 	N/A	 	REPUBLIC ROAD	 	 	1/1/2007	  	 	 	113,179	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.00	  	 	$	0.00	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	 	N/A	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 	$	0.0000	  	 		 		 		 	 	N/A	  	 	
	42	 		 				 		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	43	 	17	 	 	07-0974	  	 	SUPPLEMENTALS	 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	44	 	 	 	1 Parcel 1, 2, 3, 4, 6 & 9 (UNIMP GROUND)	 		 	 	1/1/2007	  	 	 	1,662,877	  	 	$	0.1525	  	 	$	0.1906	  	 	$	26,412.03	  	 	$	316,944.36	  	 	$	0.1906	  	 	$	26,412.03	  	 	$	316,944.36	  	 	 	CPI OR 13%	  	 	$	0.2077	  	 	$	28,781.19	  	 	$	345,374.26	  	 	$	0.2077	  	 	$	28,781.19	  	 	$	345,374.26	  	 		 		 		 	 	CPI OR 13	% 	 	
	45	 	 	 	1 Parcel 1, 2, 7, 9 (IMP APRON)	 		 	 	1/1/2007	  	 	 	1,908,290	  	 	$	0.1906	  	 	$	0.2383	  	 	$	37,895.46	  	 	$	454,745.51	  	 	$	0.2383	  	 	$	37,895.46	  	 	$	454,745.51	  	 	 	CPI OR 13%	  	 	$	0.2597	  	 	$	41,294.68	  	 	$	495,536.18	  	 	$	0.2597	  	 	$	41,294.68	  	 	$	495,536.18	  	 		 		 		 	 	CPI OR 13	% 	 	
	46	 	 	 	Parcel 5 (INTERNATIONAL PARK)	 		 	 	1/1/2007	  	 	 	24,000	  	 	$	0.2673	  	 	$	0.3341	  	 	$	668.25	  	 	$	8,019.00	  	 	$	0.3341	  	 	$	668.25	  	 	$	8,019.00	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	728.14	  	 	$	8,737.65	  	 	$	0.3641	  	 	$	728.14	  	 	$	8,737.65	  	 		 		 		 	 	CPI OR 13	% 	 	
	47	 	 	 	1 Parcel 8 (INTERNATIONAL PARK)	 	FUEL TANKS	 	 	1/1/2007	  	 	 	247,254	  	 	$	0.2673	  	 	$	0.3341	  	 	$	6,884.48	  	 	$	82,613.74	  	 	$	0.3341	  	 	$	6,884.48	  	 	$	82,613.74	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	7,501.45	  	 	$	90,017.46	  	 	$	0.3641	  	 	$	7,501.45	  	 	$	90,017.46	  	 		 		 		 	 	CPI OR 13	% 	 	
	48	 	 	 	1 & 8 Parcel 12 (INETRNATIONAL PARK)	 	ARTC TRAINING BUILDING	 	 	1/1/2007	  	 	 	117,915	  	 	$	0.2673	  	 	$	0.3341	  	 	$	3,283.20	  	 	$	39,398.35	  	 	$	0.3341	  	 	$	3,283.20	  	 	$	39,398.35	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	3,577.43	  	 	$	42,929.17	  	 	$	0.3641	  	 	$	3,577.43	  	 	$	42,929.17	  	 		 		 		 	 	CPI OR 13	% 	 	
	49	 	 	 	1 & 8 Parcel 11 (INTERNATIONAL PARK)	 	GAS STATION	 	 	1/1/2007	  	 	 	45,359	  	 	$	0.2673	  	 	$	0.3341	  	 	$	1,262.96	  	 	$	15,155.58	  	 	$	0.3341	  	 	$	1,262.96	  	 	$	15,155.58	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	1,376.15	  	 	$	16,513.80	  	 	$	0.3641	  	 	$	1,376.15	  	 	$	16,513.80	  	 		 		 		 	 	CPI OR 13	% 	 	
	50	 	 	 	8 Parcel 9 (INTERNATIONAL PARK)	 	SOUTH RAMP, COURTYARD, SOUTHGATES	 	 	1/1/2007	  	 	 	1,586,172	  	 	$	0.2673	  	 	$	0.3341	  	 	$	44,164.98	  	 	$	529,979.72	  	 	$	0.3341	  	 	$	44,164.98	  	 	$	529,979.72	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	48,122.97	  	 	$	577,475.69	  	 	$	0.3641	  	 	$	48,122.97	  	 	$	577,475.69	  	 		 		 		 	 	CPI OR 13	% 	 	
	51	 	 	 	Parcel 10 (INTERNATIONAL PARK)	 	SOUTHEASTERN RAMP, NORTH SECONDARY,	 	 	1/1/2007	  	 	 	70,200	  	 	$	0.2673	  	 	$	0.3341	  	 	$	1,954.63	  	 	$	23,455.58	  	 	$	0.3341	  	 	$	1,954.63	  	 	$	23,455.58	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	2,129.80	  	 	$	25,557.63	  	 	$	0.3641	  	 	$	2,129.80	  	 	$	25,557.63	  	 		 		 		 	 	CPI OR 13	% 	 	
	52	 	 	 	Parcel 17 (INTERNATIONAL PARK)	 	NORTH INPUT, PRIMARY SORT,	 	 	1/1/2007	  	 	 	4,333,659	  	 	$	0.2673	  	 	$	0.3341	  	 	$	120,665.32	  	 	$	1,447,983.81	  	 	$	0.3341	  	 	$	120,665.32	  	 	$	1,447,983.81	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	131,479.16	  	 	$	1,577,749.90	  	 	$	0.3641	  	 	$	131,479.16	  	 	$	1,577,749.90	  	 		 		 		 	 	CPI OR 13	% 	 	
	53	 	 	 		 	SMALL PACKAGE SORT SYSTEM,	 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	54	 	 	 		 	INTERNATIONAL INPUT, HEAVY WEIGHT, EAST RAMP	 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 		 		 		 				 	
	55	 	 	 		 	TAB-LINE MAINTENANCE	 	 	1/1/2007	  	 	 	556,334	  	 	$	0.2673	  	 	$	0.3341	  	 	$	15,490.42	  	 	$	185,885.10	  	 	$	0.3341	  	 	$	15,490.42	  	 	$	185,885.10	  	 	 	CPI OR 13%	  	 	$	0.3641	  	 	$	16,878.65	  	 	$	202,543.84	  	 	$	0.3041	  	 	$	14,099.88	  	 	$	169,198.54	  	 		 		 		 	 	CPI OR 13	% 	 	
	56	 	 	 	10 Parcel 27A (IMP APRON)	 	PARCEL 27A	 	 	1/1/2007	  	 	 	487,512	  	 	$	0.1906	  	 	$	0.2383	  	 	$	9,681.18	  	 	$	116,174.11	  	 	$	0.2383	  	 	$	9,681.18	  	 	$	116,174.11	  	 	 	CPI OR 13%	  	 	$	0.2597	  	 	$	10,549.58	  	 	$	126,594.93	  	 	$	0.2597	  	 	$	10,549.58	  	 	$	126,594.93	  	 		 		 		 	 	CPI OR 13	% 	 	
	57	 	 	 	11 Parcel A & B West (UNIMP GROUND)	 	NORTH RAMP	 	 	1/1/2007	  	 	 	527,676	  	 	$	0.1525	  	 	$	0.1906	  	 	$	8,381.25	  	 	$	100,575.05	  	 	$	0.1906	  	 	$	8,381.25	  	 	$	100,575.05	  	 	 	CPI OR 13%	  	 	$	0.2077	  	 	$	9,133.05	  	 	$	109,596.63	  	 	$	0.2077	  	 	$	9,133.05	  	 	$	109,596.63	  	 		 		 		 	 	CPI OR 13	% 	 	









																																																																																											
	58	 		 		  	5 Parcel 16 (INTERNATIONAL PARK)	 		 	 	1/1/2007	  	 	 	796,312	  	 	$	0.2673	  	 	 	$0.3341	  	 	 	$22,172.31	  	 	$	266,067.75	  	 	$	0.3341	  	 	$	22,172.31	  	 	$	266,067.75	  	 	 	CPI OR 13	% 	 	$	0.3641	  	 	$	24,159.36	  	 	$	289,912.33	  	 	$	0.3641	  	 	$	24,159.36	  	 	$	289,912.33	  	 				 				 				 	 	CPI OR 13	% 	 	
	59	 		 		  	23	 	GRAEBER ASSIGNMENT/TRUCKING OPERATION	 	 	1/1/2007	  	 	 	261,460	  	 	$	0.1029	  	 	 	$0.1286	  	 	 	$2,802.53	  	 	$	33,630.32	  	 	$	0.1286	  	 	$	2,802.53	  	 	$	33,630.32	  	 	 	CPI OR 13	% 	 	$	0.1401	  	 	$	3,053.32	  	 	$	36,639.83	  	 	$	0.1401	  	 	$	3,053.32	  	 	$	36,639.83	  	 				 				 				 	 	CPI OR 13	% 	 	
	60	 		 		  	SUPPLEMENTAL 9 (INTERNATIONAL PARK)	 	PARKING AREA	 	 	1/1/2007	  	 	 	18,933	  	 	$	0.2673	  	 	 	$0.3341	  	 	$	527.17	  	 	$	6,325.99	  	 	$	0.3341	  	 	$	527.17	  	 	$	6,325.99	  	 	 	CPI OR 13	% 	 	$	0.3641	  	 	$	574.41	  	 	$	6,892.91	  	 	$	0.3641	  	 	$	574.41	  	 	$	6,892.91	  	 				 				 				 	 	CPI OR 13	% 	 	
	61	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	62	 	18	 	07-0975	  	SUPPLEMENTAL 8 (INTERNATIONAL PARK)	 	DC-10 HANGAR (LAND)	 	 	1/1/2007	  	 	 	552,730	  	 	$	0.2673	  	 	 	$0.2673	  	 	 	$12,312.06	  	 	$	147,744.73	  	 	$	0.2673	  	 	$	12,312.06	  	 	$	147,744.73	  	 	 	CPI OR 13	% 	 	$	0.2913	  	 	$	13,416.45	  	 	$	160,997.43	  	 	$	0.2913	  	 	$	13,416.45	  	 	$	160,997.43	  	 				 				 				 	 	CPI OR 13	% 	 	
	63	 	18A	 	07-0976	  	BUILDING HAVING AN AREA OF 72,378 SQ FT & OTHER IMPROVEMENTS	 	DC-10 HANGAR (BUILDING)	 	 	9/1/2012 	(4) 	 	 	72,378	  	 	$	1.2600	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	1.2600	  	 	$	7,599.69	  	 	$	91,196.28	  	 	 	CPI OR 13	% 	 	$	1.3730	  	 	$	8,281.38	  	 	$	99,376.59	  	 	$	1.3730	  	 	$	8,281.38	  	 	$	99,376.59	  	 				 				 				 	 	CPI OR 13	% 	 	
	64	 		 		  	CONSTRUCTED ON PARCEL 18	 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	65	 	19	 	07-0977	  	SUPPLEMENTAL 8 (INTERNATIONAL PARK)	 	ENGINE SHOP	 	 	1/1/2007	  	 	 	418,016	  	 	$	0.2673	  	 	 	$0.2673	  	 	 	$9,311.31	  	 	$	111,735.68	  	 	$	0.2673	  	 	$	9,311.31	  	 	$	111,735.68	  	 	 	CPI OR 13	% 	 	$	0.2913	  	 	$	10,146.53	  	 	$	121,758.37	  	 	$	0.2913	  	 	$	10,146.53	  	 	$	121,758.37	  	 				 				 				 	 	CPI OR 13	% 	 	
	66	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	67	 	20	 	07-0978	  	SUPPLEMENTAL 27	 	WEST SIDE OF TANG	 	 	3/1/2008	  	 	 	108,051	  	 	$	0.1525	  	 	 	$0.1525	  	 	 	$1,373.15	  	 	$	16,477.78	  	 	$	0.1525	  	 	$	1,373.15	  	 	$	16,477.78	  	 	 	CPI OR 13	% 	 	$	0.1662	  	 	$	1,496.32	  	 	$	17,955.83	  	 	$	0.1662	  	 	$	1,496.32	  	 	$	17,955.83	  	 				 				 				 	 	CPI OR 13	% 	 	
	68	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	69	 	21	 	07-0979	  	SUPPLEMENTAL 7	 	DEMOCRAT VEHICLE PARKING	 	 	1/1/2007	  	 	 	1,812,363	  	 	$	0.1525	  	 	 	$0.1906	  	 	 	$28,786.37	  	 	$	345,436.39	  	 	$	0.1906	  	 	$	28,786.37	  	 	$	345,436.39	  	 	 	CPI OR 13	% 	 	$	0.2077	  	 	$	31,368.50	  	 	$	376,422.03	  	 	$	0.2077	  	 	$	31,368.50	  	 	$	376,422.03	  	 				 				 				 	 	CPI OR 13	% 	 	
	70	 	22	 	07-0980	  	SUPPLEMENTAL 9	 	DEMOCRAT VEHICLE PARKING	 	 	1/1/2007	  	 	 	491,127	  	 	$	0.1525	  	 	 	$0.1906	  	 	 	$7,800.73	  	 	$	93,608.81	  	 	$	0.1906	  	 	$	7,800.73	  	 	$	93,608.81	  	 	 	CPI OR 13	% 	 	$	0.2077	  	 	$	8,500.46	  	 	$	102,005.52	  	 	 	$0.2077	  	 	$	8,500.46	  	 	$	102,005.52	  	 				 				 				 	 	CPI OR 13	% 	 	
	71	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	72	 	23	 	07-0981	  	N/A	 	TAXIWAY SIERRA	 	 	2/1/2009	  	 	 	248,711	  	 	$	0.2400	  	 	 	$0.2400	  	 	 	$4,974.22	  	 	$	59,690.64	  	 	$	0.2400	  	 	$	4,974.22	  	 	$	59,690.64	  	 	 	CPI OR 13	% 	 	$	0.2615	  	 	$	5,420.41	  	 	$	65,044.89	  	 	$	0.2615	  	 	$	5,420.41	  	 	$	65,044.89	  	 				 				 				 	 	CPI OR 13	% 	 	
	73	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	74	 	24	 	07-0982	  	N/A	 	SORT FACILITY	 	 	9/1/2009	 (5) 	 	 	292,000	  	 	$	1.2600	  	 	 	$1.2600	  	 	 	$30,660.00	  	 	$	367,920.00	  	 	$	1.2600	  	 	$	30,660.00	  	 	$	367,920.00	  	 	 	CPI OR 13	% 	 	$	1.3730	  	 	$	33,410.20	  	 	$	400,922.42	  	 	$	1.3730	  	 	$	33,410.20	  	 	$	400,922.42	  	 				 				 				 	 	CPI OR 13	% 	 	
	75	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	76	 	25	 	07-0983	  	N/A	 	DEMOCRAT PARKING AREA	 	 	12/15/11 	(8) 	 	 	36,128	  	 	$	0.1906	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	0.1906	  	 	$	573.83	  	 	$	6,885.99	  	 	 	CPI OR 13	% 	 	$	0.2077	  	 	 	$625.31	  	 	$	7,503.67	  	 	$	0.2077	  	 	$	625.31	  	 	$	7,503.67	  	 				 				 				 	 	CPI OR 13	% 	 	
	77	 	26	 	07-0985	  	N/A	 	CORPORATE AVIATION HANGAR (BUILDING)	 	 	7/1/2014	  	 	 	35,070	  	 	$	1.4238	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	CPI OR 13	% 	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	1.4238	  	 	$	4,161.06	  	 	$	49,932.67	  	 				 				 				 	 	CPI OR 13	% 	 	
	78	 		 		  		 	CORPORATE AVIATION HANGAR (LAND)	 	 	7/1/2014	  	 	 	161,334	  	 	$	0.0000	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 				 				 				 	 	N/A	  	 	
	79	 	27	 	07-0984	  	N/A	 	HANGAR 11 (BUILDING)	 	 	7/1/2014	  	 	 	58,265	  	 	$	1.4238	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	CPI OR 13	% 	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	1.4238	  	 	$	6,913.14	  	 	$	82,957.71	  	 				 				 				 	 	CPI OR 13	% 	 	
	80	 		 		  	N/A	 	HANGAR 12 (BUILDING)	 	 	7/1/2014	  	 	 	117,306	  	 	$	1.4238	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	CPI OR 13	% 	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	1.4238	  	 	$	13,918.36	  	 	$	167,020.28	  	 				 				 				 	 	CPI OR 13	% 	 	
	81	 		 		  		 	HANGARS 11 AND 12 (LAND)	 	 	7/1/2014	  	 	 	1,290,083	  	 	$	0.0000	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 				 				 				 	 	N/A	  	 	
	82	 	28	 	07-0986	  	N/A	 	EAST GSE RAMP	 	 	7/1/2014 	(10) 	 	 	1,000,681	  	 	$	0.1741	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	CPI OR 13	% 	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	$	0.1741	  	 	$	14,518.21	  	 	$	174,218.56	  	 				 				 				 	 	CPI OR 13	% 	 	
	83	 	29	 		  	N/A	 	COLD CHAIN STORAGE (PARKING)	 	 	4/1/2016 	(11) 	 	 	29,174	  	 	$	0.2077	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 	 	N/A	  	 				 				 				 	$	0.2077	  	 	$	504.95	  	 	$	6,059.44	  	 	 	CPI OR 13	% 	 	
	84	 		 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	85	 	 Note 1:
	 		  		 		 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				 	
	86	 	 (a) Hangar 26 has been removed from Parcel 2 and, effective July 1, 2009, rent
for Parcel 2 has been reduced by $1,322.50 per month, $15,870.00 per year.
	   
	 				 				 				 				 				 	 	Totals	  	 	$	781,847.02	  	 	$	9,382,164.23	  	 				 	$	819,394.03	  	 	$	9,832,728.33	  	 	 	Totals	  	 	$	819,898.98	  	 	$	9,838,787.77	  	 				 	
	87	 	 (b) As of December 14, 2010, the date of Tenant’s beneficial occupancy of
the Replacement Hangar, as defined in the Third Amendment to the Composite Lease Agreement, the annual rent will be reduced by $44,246.00 ($3,687.17 monthly). The rent rate for the 35,000 square foot Replacement Hangar will be
$0.1906.
	   
	 				 				 				 				 				 				 				 				 				 				 				 	









			
	88	 	 (c) As of December 14, 2010, the date of Tenant’s benefical occupancy of renovated
Hangars 24, 25 and 27, the combined annual rent for these Hangars will be reduced by $23,458.05 (30% of $78,193.49).

	89	 	 Note 2: In accordance with the Second Amendment to the Composite Lease Agreement, Parcel 10
will not be part of the demised premises between May 1, 2010, and December 31, 2011, and no rent will be payable with respect to that Parcel during that time period.


  

																																																							
		 		 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	Exhibit A
		 		 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	April 1, 2016
		 		 		 				 				 		 		 		 	1	 		 		 		 		 		 		 		 	Seventh Amendment to Composite Lease Agreement
																										
	 	 	 A
	 	 B
	 	C	 	 	D	 	 	 F
	 	 G
	 	H	 	P	 	Q	 	R	 	S	 	T	 	U	 	V	 	W	 	X	 	Y	 	Z	 	AA	 	AB	 	AC	 	AD	 	AE	 	AF	 	AG
	1	 	EXHIBIT A to the Composite Lease Agreement as amended by the Sixth Amendment dated July 1, 2014	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	2	 		 		 				 				 		 		 		 		 		 		 		 		 		 		 		 	
	3	 	 	 	 FEDEX
	 	 	 	 	 	 	 	 	 	 	 	EFFECTIVE	 	2011	 	2012	 	2013	 	2014	 	2015-17	 	2018
	4	 	 PARCEL
	 	 LEASE
	 	 	 	 	 	 	 	 EFFECTIVE
	 	 SQUARE
	 	DATE	 	EFFECTIVE
DECEMBER 2011	 	EFFECTIVE SEPTEMBER 2012	 	EFFECTIVE July 1, 2013	 	 	 	EFFECTIVE July 1, 2014	 	Effective April 1, 2015-
December 31, 2017	 	EFFECTIVE July 1,
2018
	5	 	 NUMBER
	 	 NUMBER
	 	SUPPLEMENTAL	 	 	USE
OR LOCATION	 	 	 DATE
	 	 FEET
	 	RATE	 	RATES	 	MONTHLY	 	ANNUAL	 	RATES	 	MONTHLY	 	ANNUAL	 	ESCALATION
(3)	 	RATES	 	MONTHLY	 	ANNUAL	 	RATES	 	MONTHLY	 	ANNUAL	 	RATES	 	MONTHLY	 	ANNUAL	 	ESCALATION
(3)	 	 
	90	 	Note 3: Refer to Section 2.03(a)(i) of the Composite Lease Agreement for a further description of the rent adjustment summarized in this column.	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	91	 	Note 4: The Effective Date is subject to the operation and effect of Section 1.04(b) of the Composite Lease Agreement. When the Effective Date occurs, the rent for Parcel 18A will be calculated based upon a
rental rate of $1.26 per square foot of building footprint area.	 		 		 		 	
	92	 	Note 5: The Effective Date is subject to the operation and effect of Section 1.04(b) of the Composite Lease Agreement. When the Effective Date occurs, the rent for Parcel 24 will be calculated based upon a rental rate of
$1.26 per square foot of building footprint area.	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	93	 	Note 6: For Parcels 6, 7, and 8, the monthly rent for each is an amount previously agreed upon by the Parties, and is not calculated on any applicable current rate.	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	94	 	Note 7: Section 2.03(a)(i) of the Composite Lease Agreement will govern the escalation of the rent for Parcel 6 beginning July 1, 2018.	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	95	 	Note 8: In accordance with the terms of the 4th Amendment to the Composite Lease, rent for Parcel 25 began to accrue March 1, 2012 at the rate of $0.1906	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	96	 	Note 9: In accordance with the terms of the 5th Amendment to the Composite Lease, rent for the unimproved property that the 5th Amendment adds to Parcels 2 and 3 will begin to accrue on November 1, 2013 at
the July 1, 2013 rental rate for unimproved property. (See Notes 3 and 7)	 		 		 		 		 		 		 		 		 		 		 		 		 	
	97	 	Note 10: Rate agreed upon by the parties and as defined in the 6th Amendment to the Composite Lease	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	98	 	Note 11: Parcel 29 adds the lot used for Cold Chain Storage Parking effective April 1, 2015 and should be added.	 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	99	 	RATE & RATE ESCALATION	 	CURRENT RATES	 	 	7/1/2013	  	 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	100	 	IMPROVED GROUND	 		 	$	0.2383	  	 	$	0.2597	  	 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	101	 		 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	102	 	UNIMPROVED GROUND	 		 	$	0.1906	  	 	$	0.2077	  	 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	103	 		 		 				 				 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
	104