Document:

EX-10.10

 Exhibit 10.10 
  

 
 TENTH AMENDMENT 

to the 
 COMPOSITE LEASE
AGREEMENT 
 By and Between 

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY 

and 
 FEDERAL EXPRESS
CORPORATION 
 Effective as of May 1, 2018 
  

 

 TENTH AMENDMENT 

TO THE COMPOSITE LEASE AGREEMENT 

This TENTH Amendment to the Composite Lease Agreement is made and entered into as of the
22 day of May 2018, 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. 

WITNESSETH: 
 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 intended to be effective July 1, 2014; by Seventh Amendment to the Composite Lease intended to be effective April 1, 2016; by Eighth Amendment to the Composite Lease intended to be effective April 1, 2017; and by Ninth Amendment
to the Composite Lease intended to be effective September 1, 2017, are collectively referred to herein as the “Composite Lease Agreement”; and 

WHEREAS, Authority and Tenant intended the Composite Lease Agreement to represent each of 29 separate lease agreements between the parties
(later increased to 32) and showed the differences among the 29 (later 32 leases) by attaching to the Composite Lease Agreement, 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, the “Composite Lease Property Rental Schedule”, attached hereto as “EXHIBIT A”
and incorporated herein by reference; and 

  
 2 

 WHEREAS, the parties wish to amend the Composite Lease Agreement to add 20.320 acres or 885,880
square feet of unimproved ground (also known as the Golden Triangle Ramp area) as Parcel 33 to be used as aircraft parking, effective May 1, 2018. 

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 TENTH 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 TENTH Amendment. 
 SECTION 2. Modification of Composite Lease and Applicable Rent. The
parties amend the Composite Lease Agreement to reflect the addition of Parcel 33 as described in the attached survey and legal description and shown on “Legal Description”, “EXHIBIT B”, attached hereto and incorporated herein by
reference. As of the Effective Date, the parties incorporate this Tenth Amendment EXHIBIT B to the Composite Lease Agreement, and the parties substitute the schedule attached to this Amendment for the schedule included as part of EXHIBIT A to
the Composite Lease Agreement. The substitution of that schedule will accomplish the following: 
 (a) Effective on the Parcel 33
“Substantial Completion Date” (as defined in Section 4 below), the annual Composite Lease rent will be increased by an amount equal to the product achieved by multiplying the area of Parcel 33 as follows: 

 

																	
	 	  	Unimproved	 	  	 	 	  	 	 	  	 	 
	 Location
	  	Sq. Ft	 	  	Ground Rate	 	  	Annual	 	  	Monthly	 
	 Golden Triangle Ramp Area
	  	 	698,965	 	  	$	0.2077	 	  	$	145,175.03	 	  	$	12,097.92	 

 (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. 
 (c) The Golden Triangle Ramp Area contains 885,880
square feet, and Tenant’s leased area shall contain the entire 885,880 square feet. 

  
 3 

 (d) In consideration of the cost of the improvements and construction by Tenant of the Taxiway
Area (“Taxiway Area”), consisting of 186,915 square feet of the total 885,880 square feet shown in “Exhibit D”, attached hereto and incorporated herein by reference, Tenant shall pay no rent for the Taxiway Area until the
expiration of the Composite Lease Agreement First Term, ending at midnight December 31, 2036. 
 (e) Should the parties agree to a
Composite Lease Agreement Renewal Term, beginning January 1, 2037, Authority will initiate billing Tenant for the Taxiway Area at the then-applicable square-foot adjustment rate. 

SECTION 3. Improvements by Tenant 

(a) Effective May 1, 2018, Authority shall permit Tenant to have all necessary or appropriate rights of reasonable access, ingress and
egress to and from Parcel 33 for Tenant and its servants, agents, employees and independent contractors to work on or in connection with Tenant’s alterations of the improvements located on Parcel 33 and make it suitable for aircraft parking use
(“Tenant’s Work”), as well as do all such other things as may be incidental to Tenant’s Work. 
 (b) Tenant shall obtain,
at Tenant’s sole expense, all certificates, permits and approvals relating to Tenant’s Work. 
 (c) Tenant’s Work on Parcel 33
shall be permitted to make all Leasehold improvements to Parcel 33 as specifically set forth in “EXHIBIT C” (“Leasehold Improvements”), as attached hereto and incorporated herein by reference, at no cost to Authority. 

(d) As part of Tenant’s Work, Tenant shall remain in compliance with all applicable Environmental Laws and the requirements of Article
VIII of the Composite Lease. 
 (e) Tenant’s Work shall include the relocation of an existing sanitary sewer line as shown in EXHIBIT C,
and upon the conclusion of the relocation of the sanitary sewer line, the sewer line will remain the City of Memphis public sewer, as identified in the “Overall Sanitary Sewer Plan” in “Exhibit E”, attached hereto and
incorporated herein by reference. 

  
 4 

 (f) After completion of Tenant’s Work, Tenant shall continue to have maintenance
responsibilities of all property, other than the Sanitary Sewer Line shown in Exhibit E, under this Agreement. 
 SECTION 4.
Substantial Completion Date. 
 (a) Authority and Tenant agree that the Substantial Completion Date shall be defined as
that date on which Tenant has commenced beneficial use of Parcel 33. 
 (b) Tenant’s Work and related activity during the period before
the Substantial Completion Date shall not be considered the commencement of beneficial use of the premises by Tenant. However, the terms and conditions of the Composite Lease, including, without limitation, the commercial liability insurance
provisions shall apply to and be effective during such period of occupancy or access to the premises by Tenant, except for Tenant’s obligation to pay rent as provided in Section 2.03 in the Composite Lease Agreement. 

(c) Tenant’s obligation to pay rent for Parcel 33 will commence on the Tenant’s date of beneficial occupancy. 

SECTION 5. 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 6. Effective Date of this Tenth
Amendment. This TENTH Amendment shall become effective as of May 1, 2018. 
 The remainder of this page intentionally
left blank. 
 Signature page to follow. 

  
 5 

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

									
	MEMPHIS-SHELBY COUNTY	 		 		 	
	AIRPORT AUTHORITY	 		 	FEDERAL EXPRESS CORPORATION
					
	By:	 	 /s/ Scott A. Brockman
	 		 	By:	 	 /s/ Donald C. Colvin

	 Scott A. Brockman, A.A.E. President
	 		 		 	Donald C. Colvin
	 and Chief Executive Officer
	 		 	Title:	 	 Vice President—Properties & Facilities

					
		 		 		 	Date:	 	 May 4, 2018

				
	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:	 		 		 	
				
	 /s/ Janet L. Shipman
	 		 		 	
	Janet L. Shipman, Associate Airport Counsel	 		 		 	
				
	Reviewed and Approved:	 		 		 	
				
	 /s/ Angela Washington
	 		 		 	
	Director of Properties	 		 		 	

  
 6 

					
	EXHIBIT A	 		  	
	FEDERAL EXPRESS CORPORATION	 		  	EXHIBIT A
	2003 CORPORATE AVENUE-B3	 		  	
	MEMPHIS, TN 38132	 	                Current Monthly Billing	  	

																																																	
	 PARCEL

NUMBER
	 	 FEDEX
LEASE

NUMBER
	 	CURRENT
SUPPLEMENTAL	 	USE OR
LOCATION	 	PARCEL
ID	 	EFFECTIVE
DATE	 	SQUARE
FEET	 	CURRENT
RATE	 	 	 	CURRENT
ANNUAL
BILLING	 	
PROJECTED RATES
  

EFFECTIVE JULY 2012
	 	 7/1/2008

ESCALATION
	 	 	 	 	 	EFFECTIVE
JAN 2013
PENDING	 	EFFECTIVE
JULY 2013
CPI 8.97%	 	11/1/2013	 	7/1/2014	 	7/1/15-17	 	 	 	7/1/2017	 	7/1/2018  9
ESCALATION
	 	 	 	 	 	 	 	 	  	 	 	RATES	 	MONTHLY	 	  	 	ANNUAL	 	 	  	 	  	 	 	 	 	 	 	  	 	 
	 1
	 	 	 	N/A	 	TAXIWAY N	 	N/A	 	1/1/2009 1	 	100,035	 	$0.19	 	$1,588.89	 	$19,066.67	 	$0.1906	 	$1,588.89	 	 	 	$19,066.67	 	N/A	 	 	 	 	 	$1,588.89	 	$1,731.41	 	$1,731.41	 	$1,731.41	 	 	 	$0.21	 	$1,731.41	 	CPI OR 13%
	 2
	 	98-0824	 	SUPPLEMENTAL 26/ Add Tract 1	 	AMR FACILITIES/LANDLOCKED PARCELS/CANCELLED	 	A -G	 	1/1/2007	 	1,082,446	 	Varies 3	 	$28,533.40	 	$342,400.80	 	$0.3935	 	$28,533.40	 	 	 	$410,104.92	 	15% 3	 	1,126,790	 	$0.3935	 	$36,949.32	 	$31,092.85	 	$31,860.37	 	$31,860.37	 	 	 	$0.21	 	$31,860.37	 	CPI OR 13%
	 	 	 	 	SUPPLEMENTALS	 	WEST RAMP	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
3
	 	80-0204	 	18, 19, 20, 21, 22 & 23	 	UNIMPROVED GROUND	 	N/A	 	1/1/2007	 	3,111,647	 	$0.1525	 	$39,543.85	 	$474,526.17	 	$0.1906	 	$49,423.33	 	 	 	$593,079.92	 	N/A	 	 	 	 	 	$49,423.33	 	$53,856.60	 	$53,856.60	 	$53,856.60	 	 	 	$0.21	 	$53,856.60	 	CPI OR 13%
	 	80-0204	 	22, 24 & 25/Add Tract 2	 	UNIMPROVED GROUND	 	N/A	 	1/1/2007	 	914,283	 	$0.1525	 	$11,619.01	 	$139,428.16	 	$0.1906	 	$14,521.86	 	 	 	$174,262.34	 	N/A	 	917,027	 	$0.1906	 	$14,565.45	 	$15,824.47	 	$15,871.96	 	$15,871.96	 	 	 	$0.21	 	$15,871.96	 	CPI OR 13%
	 4
	 	 	 	N/A	 	TAXIWAY C	 	N/A	 	1/1/2009 2	 	731,098	 	$0.2400	 	$14,621.96	 	$175,463.52	 	$0.2400	 	$14,621.96	 	 	 	$175,463.52	 	N/A	 	 	 	 	 	$14,621.96	 	$15,933.55	 	$15,933.55	 	$15,933.55	 	 	 	$0.26	 	$15,933.55	 	CPI OR 13%
	
5
	 	80-0204	 	SUPPLEMENTAL 13	 	UNIMPROVED APRON/GRACELAND RAMP	 	33	 	1/1/2007	 	515,496	 	$0.1525	 	$6,551.10	 	$78,613.14	 	$0.1906	 	$8,187.79	 	 	 	$78,613.14	 	N/A	 	 	 	 	 	$8,187.79	 	$8,922.24	 	$8,922.24	 	$8,922.24	 	 	 	$0.21	 	$8,922.24	 	CPI OR 13%
	 	80-0204	 	SUPPLEMENTAL 17	 	UNIMPROVED APRON/SIERRA RAMP	 	37	 	1/1/2007	 	 	 	$0.1525	 	 	 	 	 	 	 	 	 	 	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	CPI OR 13%
	 6
	 	92-0833	 	AGREEMENT #92-0833	 	IRS/AOD	 	N/A	 	1/1/2007	 	2,248,286	 	$0.6650	 	$125,000.00	 	$1,500,000.00	 	$0.6672	 	$125,000.00	 	 	 	$1,500,000.00	 	N/A	 	 	 	 	 	$125,000.00	 	$143,750.00	 	$143,750.00	 	$143,750.00	 	 	 	$0.6672	 	$143,750.00	 	CPI 0R 13%
	 7
	 	90-0242	 	SOUTHWIDE #90-0242	 	GRAEBER ASSIGNMENT	 	23	 	1/1/2007	 	427,030	 	$0.1029	 	$2,506.15	 	$30,073.80	 	$0.1029	 	$2,506.15	 	$257.88	 	$43,941.39	 	25% 5	 	 	 	 	 	$3,661.78	 	$2,730.95	 	$2,730.95	 	$2,730.95	 	 	 	$0.1029	 	$2,730.95	 	CPI OR 13%
	 8
	 	80-0223	 	SOUTHWIDE ASGMT. #80-0223	 	EQUITABLE LIFE	 	24	 	1/1/2007	 	451,370	 	$0.0644	 	$2,340.16	 	$28,081.92	 	$0.0644	 	$2,340.16	 	 	 	$29,068.23	 	25% 5	 	 	 	 	 	$2,422.35	 	$2,550.07	 	$2,550.07	 	$2,550.07	 	 	 	$0.0644	 	$2,550.07	 	CPI OR 13%
	 9
	 	80-0204	 	SUPPLEMENTAL 15 (INTERNATIONAL PARK)	 	FEDEX PARKING - TCHULAHOMA	 	21	 	1/1/2007	 	833,458	 	$0.2673	 	$18,565.28	 	$222,783.36	 	$0.2673	 	$18,565.28	 	 	 	$222,783.32	 	N/A	 	 	 	 	 	$18,565.28	 	$20,230.58	 	$20,230.58	 	$20,230.58	 	 	 	$0.29	 	$20,230.58	 	CPI OR 13%
	 10
	 	80-0204	 	SUPPLEMENTAL 16 (INTERNATIONAL PARK)	 	FEDEX CONSTRUCTION STORAGE AREA	 	22A	 	1/1/2007	 	140,617	 	$0.2673	 	$3,132.24	 	$37,586.92	 	$0.2673	 	$3,132.24	 	 	 	$37,586.92	 	N/A	 	 	 	 	 	$3,132.24	 	$3,413.21	 	$3,413.21	 	$3,413.21	 	 	 	$0.29	 	$3,413.21	 	CPI OR 13%
	 11
	 	80-0204	 	SUPPLEMENTAL 13	 	UNIMPROVED GROUND/GSE STORAGE	 	36	 	1/1/2007	 	187,217	 	$0.1525	 	$2,379.22	 	$28,550.59	 	$0.1906	 	$2,973.63	 	 	 	$35,683.56	 	N/A	 	 	 	 	 	$2,973.63	 	$3,240.36	 	$3,240.36	 	$3,240.36	 	 	 	$0.21	 	$3,240.36	 	CPI OR 13%
	 12
	 	80-0204	 	SUPPLEMENTAL 27	 	A-380 GSE STORAGE	 	N/A	 	DBO/
12/1/07 4	 	187,618	 	N/A	 	$0.00	 	$0.00	 	$0.1525	 	$2,384.31	 	 	 	$28,611.75	 	N/A	 	 	 	 	 	$2,384.31	 	$2,598.18	 	$2,598.18	 	$2,598.18	 	 	 	$0.17	 	$2,598.18	 	CPI OR 13%
	
13
	 	80-0204	 	SUPPLEMENTAL 23	 	A-380 RAMP	 	N/A	 	1/1/2007	 	1,897,879	 	$0.1220	 	$19,295.10	 	$231,541.24	 	$0.1220	 	$19,295.10	 	 	 	$231,541.24	 	N/A	 	 	 	 	 	$19,295.10	 	$21,025.87	 	$21,025.87	 	$21,025.87	 	 	 	$0.13	 	$21,025.87	 	CPI OR 13%
	 	 	SUPPLEMENTAL 25	 	A-380 GSE RAMP	 	N/A	 	1/1/2007	 	319,113	 	$0.1525	 	$4,055.39	 	$48,664.73	 	$0.1906	 	$5,068.58	 	 	 	$60,822.94	 	N/A	 	 	 	 	 	$5,068.58	 	$5,523.23	 	$5,523.23	 	$5,523.23	 	 	 	$0.21	 	$5,523.23	 	CPI OR 13%
	 14
	 	80-0204	 	SUPPLEMENTAL 14	 	UNIMPROVED APRON/DE-ICING EQUIPMENT STORAGE	 	34	 	1/1/2007	 	428,616	 	$0.1525	 	$5,447.00	 	$65,363.94	 	$0.1906	 	$6,807.85	 	 	 	$81,694.21	 	N/A	 	 	 	 	 	$6,807.85	 	$7,418.52	 	$7,418.52	 	$7,418.52	 	 	 	$0.21	 	$7,418.52	 	CPI OR 13%
	 15
	 	07-0972	 	**N/A	 	SPRANKLE ROAD	 	N/A	 	1/1/2007	 	200,695	 	$0.0000	 	$0.00	 	$0.00	 	N/A	 	N/A	 	N/A	 	N/A	 	N/A	 	 	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	N/A
	 16
	 	 	 	**N/A	 	REPUBLIC ROAD	 	N/A	 	1/1/2007	 	113,179	 	$0.0000	 	$0.00	 	$0.00	 	N/A	 	N/A	 	N/A	 	N/A	 	N/A	 	 	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	N/A
	  
  

17
	 	 	 	SUPPLEMENTALS	 	 	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	80-0204	 	1    Parcel 1, 2, 3, 4, 6 & 9  (UNIMP GROUND)	 	 	 	1,2,3,4,6,9	 	1/1/2007	 	1,662,877	 	$0.1525	 	$21,132.40	 	$253,588.74	 	$0.1906	 	$26,412.03	 	 	 	$316,944.36	 	N/A	 	 	 	 	 	$26,412.03	 	$28,781.19	 	$28,781.19	 	$28,781.19	 	 	 	$0.21	 	$28,781.19	 	CPI OR 13%
	 	80-0204	 	1    Parcel 1, 2, 7, 9   (IMP APRON)	 	 	 	1,2,7,9	 	1/1/2007	 	1,908,290	 	$0.1906	 	$30,310.01	 	$363,720.07	 	$0.2383	 	$37,895.46	 	 	 	$454,745.51	 	N/A	 	 	 	 	 	$37,895.46	 	$41,294.68	 	$41,294.68	 	$41,294.68	 	 	 	$0.26	 	$41,294.68	 	CPI OR 13%
	 	80-0204	 	Parcel 5  (INTERNATIONAL PARK)	 	 	 	5	 	1/1/2007	 	24,000	 	$0.2673	 	$534.60	 	$6,415.20	 	$0.3341	 	$668.25	 	 	 	$8,019.00	 	25% 5	 	 	 	 	 	$668.25	 	$728.19	 	$728.19	 	$728.19	 	 	 	$0.36	 	$728.19	 	CPI OR 13%
	 	80-0204	 	1    Parcel 8  (INTERNATIONAL PARK)	 	FUEL TANKS	 	8	 	1/1/2007	 	247,254	 	$0.2673	 	$5,507.58	 	$66,090.99	 	$0.3341	 	$6,884.48	 	 	 	$82,613.74	 	25% 5	 	 	 	 	 	$6,884.48	 	$7,502.02	 	$7,502.02	 	$7,502.02	 	 	 	$0.36	 	$7,502.02	 	CPI OR 13%
	 	80-0204	 	1 & 8    Parcel 12   (INETRNATIONAL PARK)	 	ARTC TRAINING BUILDING	 	12	 	1/1/2007	 	117,915	 	$0.2673	 	$2,626.56	 	$31,518.68	 	$0.3341	 	$3,283.20	 	 	 	$39,398.35	 	25% 5	 	 	 	 	 	$3,283.20	 	$3,577.70	 	$3,577.70	 	$3,577.70	 	 	 	$0.36	 	$3,577.70	 	CPI OR 13%
	 	80-0204	 	1 & 8  Parcel 11   (INTERNATIONAL PARK)	 	GAS STATION	 	11	 	1/1/2007	 	45,359	 	$0.2673	 	$1,010.37	 	$12,124.46	 	$0.3341	 	$1,262.96	 	 	 	$15,155.58	 	25% 5	 	 	 	 	 	$1,262.96	 	$1,376.25	 	$1,376.25	 	$1,376.25	 	 	 	$0.36	 	$1,376.25	 	CPI OR 13%
	 	80-0204	 	8  Parcel 9   (INTERNATIONAL PARK)	 	SOUTH RAMP, COURTYARD, SOUTHGATES	 	9, 10, 17	 	1/1/2007	 	1,586,172	 	$0.2673	 	$35,331.98	 	$423,983.78	 	$0.3341	 	$44,164.98	 	 	 	$529,979.72	 	25% 5	 	 	 	 	 	$44,164.98	 	$48,126.58	 	$48,126.58	 	$48,126.58	 	 	 	$0.36	 	$48,126.58	 	CPI OR 13%
	 	80-0204	 	Parcel 10   (INTERNATIONAL PARK)	 	SOUTHEASTERN RAMP, NORTH SECONDARY,	 	 	 	1/1/2007	 	70,200	 	$0.2673	 	$1,563.71	 	$18,764.46	 	$0.3341	 	$1,954.63	 	 	 	$23,455.58	 	25% 5	 	 	 	 	 	$1,954.63	 	$2,129.96	 	$2,129.96	 	$2,129.96	 	 	 	$0.36	 	$2,129.96	 	CPI OR 13%
	 	80-0204	 	Parcel 17   (INTERNATIONAL PARK)	 	NORTH INPUT, PRIMARY SORT,	 	17	 	1/1/2007	 	4,333,659	 	$0.2673	 	$96,532.25	 	$1,158,387.00	 	$0.3341	 	$120,665.32	 	 	 	$1,447,983.84	 	25% 5	 	 	 	 	 	$120,665.32	 	$131,489.00	 	$131,489.00	 	$131,489.00	 	 	 	$0.36	 	$131,489.00	 	CPI OR 13%
	 	 	 	 	 	SMALL PACKAGE SORT SYSTEM,	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	INTERNATIONAL INPUT, HEAVY WEIGHT, EAST RAMP	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	80-0204	 	 	 	TAB-LINE MAINTENANCE	 	14	 	1/1/2007	 	556,334	 	$0.2673	 	$12,392.34	 	$148,708.08	 	$0.3341	 	$15,490.42	 	 	 	$185,871.19	 	25% 5	 	 	 	 	 	$15,489.27	 	$16,879.91	 	$16,879.91	 	$16,879.91	 	 	 	$0.30	 	$16,879.91	 	CPI OR 13%
	 	80-0204	 	10    Parcel 27A  (IMP APRON)	 	PARCEL 27A	 	27	 	1/1/2007	 	487,512	 	$0.1906	 	$7,743.32	 	$92,919.79	 	$0.2383	 	$9,681.18	 	 	 	$116,174.11	 	N/A	 	 	 	 	 	$9,681.18	 	$10,549.58	 	$10,549.58	 	$10,549.58	 	 	 	$0.26	 	$10,549.58	 	CPI OR 13%
	 	80-0204	 	11    Parcel A & B West   (UNIMP GROUND)	 	NORTH RAMP	 	27A &
27B	 	1/1/2007	 	527,676	 	$0.1525	 	$6,705.88	 	$80,470.59	 	$0.1906	 	$8,381.25	 	 	 	$100,575.05	 	N/A	 	 	 	 	 	$8,381.25	 	$9,133.05	 	$9,133.05	 	$9,133.05	 	 	 	$0.21	 	$9,133.05	 	CPI OR 13%
	 	80-0204	 	5    Parcel 16   (INTERNATIONAL PARK)	 	 	 	16	 	1/1/2007	 	796,312	 	$0.2673	 	$17,737.85	 	$212,854.20	 	$0.3341	 	$22,172.31	 	 	 	$266,067.75	 	25% 5	 	 	 	 	 	$22,172.31	 	$24,161.17	 	$24,161.17	 	$24,161.17	 	 	 	$0.36	 	$24,161.17	 	CPI OR 13%
	 	80-0204	 	23	 	GRAEBER ASSIGNMENT/TRUCKING OPERATION	 	 	 	1/1/2007	 	261,460	 	$0.1029	 	$2,242.02	 	$26,904.25	 	$0.1286	 	$2,802.53	 	 	 	$33,630.32	 	25% 5	 	 	 	 	 	$2,802.53	 	$3,053.91	 	$3,053.91	 	$3,053.91	 	 	 	$0.14	 	$3,053.91	 	CPI OR 13%
	 	80-0204	 	SUPPLEMENTAL 9   (INTERNATIONAL PARK)	 	PARKING AREA	 	25	 	1/1/2007	 	18,933	 	$0.2673	 	$421.73	 	$5,060.79	 	$0.3341	 	$527.17	 	 	 	$6,325.99	 	25% 5	 	 	 	 	 	$527.17	 	$574.45	 	$574.45	 	$574.45	 	 	 	$0.36	 	$574.45	 	CPI OR 13%
	 18
	 	80-0204	 	SUPPLEMENTAL 8   (INTERNATIONAL PARK)	 	DC-10 HANGAR (LAND)	 	15	 	1/1/2007	 	552,730	 	$0.2673	 	$12,312.06	 	$147,744.73	 	$0.2673	 	$12,312.06	 	 	 	$147,744.73	 	N/A	 	 	 	 	 	$12,312.06	 	$13,416.45	 	$13,416.45	 	$13,416.45	 	 	 	$0.29	 	$13,416.45	 	CPI OR 13%
	 18A
	 	 	 	THE BUILDING HAVING AN AREA OF 72,378 SQ FT & OTHER IMPROVEMENTS	 	DC-10 HANGAR (BUILDING)	 	 	 	9/1/2012 6	 	72,378	 	$1.2600	 	$7,599.69	 	$91,196.28	 	$1.2600	 	$7,599.69	 	 	 	$91,196.28	 	N/A	 	 	 	 	 	$7,599.69	 	$8,281.38	 	$8,281.38	 	$8,281.38	 	 	 	$1.37	 	$8,281.38	 	CPI OR 13%
	 	 	 	 	CONSTRUCTED ON PARCEL 18	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 19
	 	80-0204	 	SUPPLEMENTAL 8   (INTERNATIONAL PARK)	 	ENGINE SHOP	 	13 & 18	 	1/1/2007	 	418,016	 	$0.2673	 	$9,311.31	 	$111,735.68	 	$0.2673	 	$9,311.31	 	 	 	$111,735.68	 	N/A	 	 	 	 	 	$9,311.31	 	$10,146.53	 	$10,146.53	 	$10,146.53	 	 	 	$0.29	 	$10,146.53	 	CPI OR 13%
	 20
	 	80-0204	 	SUPPLEMENTAL 27	 	WEST SIDE OF TANG	 	N/A	 	DBO/
3/1/08 7	 	108,051	 	N/A	 	$0.00	 	$0.00	 	$0.1525	 	$1,373.15	 	 	 	$16,477.78	 	N/A	 	 	 	 	 	$1,373.15	 	$1,496.32	 	$1,496.32	 	$1,496.32	 	 	 	$0.17	 	$1,496.32	 	CPI OR 13%
	 21
	 	80-0204	 	SUPPLEMENTAL 7	 	DEMOCRAT VEHICLE PARKING	 	19	 	1/1/2007	 	1,812,363	 	$0.1525	 	$23,032.10	 	$276,385.20	 	$0.19060	 	$28,786.37	 	 	 	$345,436.39	 	N/A	 	 	 	 	 	$28,786.37	 	$31,368.50	 	$31,368.50	 	$31,368.50	 	 	 	$0.21	 	$31,368.50	 	CPI OR 13%
	 22
	 	80-0204	 	SUPPLEMENTAL 9	 	DEMOCRAT VEHICLE PARKING	 	20	 	1/1/2007	 	491,127	 	$0.1525	 	$6,241.41	 	$74,896.87	 	$0.19060	 	$7,800.73	 	 	 	$93,608.81	 	N/A	 	 	 	 	 	$7,800.73	 	$8,500.46	 	$8,500.46	 	$8,500.46	 	 	 	$0.21	 	$8,500.46	 	CPI OR 13%
	 23
	 	 	 	N/A	 	TAXIWAY SIERRA	 	 	 	1/1/2009 2	 	248,711	 	$0.2400	 	$4,974.22	 	$59,690.64	 	$0.2400	 	$4,974.22	 	 	 	$59,690.64	 	N/A	 	 	 	 	 	$4,974.22	 	$5,420.41	 	$5,420.41	 	$5,420.41	 	 	 	$0.26	 	$5,420.41	 	CPI OR 13%
	 24
	 	 	 	 	 	SORT FACILITY	 	 	 	9/1/2009 8	 	292,000	 	$1.2600	 	$30,660.00	 	$367,920.00	 	$1.2600	 	$30,660.00	 	 	 	N/A	 	N/A	 	 	 	 	 	$30,660.00	 	$33,410.20	 	$33,410.20	 	$33,410.20	 	 	 	$1.37	 	$33,410.20	 	CPI OR 13%
	 25
	 	07-0983	 	 	 	Democrate Parking Area	 	 	 	 	 	36,128	 	$0.1906	 	$573.83	 	$6,886.00	 	$0.1906	 	$573.83	 	 	 	 	 	 	 	 	 	 	 	$573.83	 	$625.31	 	$625.31	 	$625.31	 	 	 	$0.21	 	$625.31	 	 
	 26
	 	07-0985	 	N/A	 	CORPORATE AVIATION HANGAR (BUILDING)	 	 	 	7/1/2014	 	35,070	 	$1.4238	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$4,161.06	 	 	 	$1.42	 	$4,161.06	 	 
	 	 	 	 	 	 	CORPORATE AVIATION HANGAR (LAND)	 	 	 	7/1/2014	 	161,334	 	$0.0000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	N/A	 	 	 	N/A	 	N/A	 	 
	 27
	 	07-0984	 	N/A	 	HANGAR 11 (BUILDING)	 	 	 	7/1/2014	 	58,265	 	$1.4238	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$6,913.14	 	 	 	$1.42	 	$6,913.14	 	 
	 	 	 	 	N/A	 	HANGAR 12 (BUILDING)	 	 	 	7/1/2014	 	117,306	 	$1.4238	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$13,918.36	 	 	 	$1.42	 	$13,918.36	 	 
	 	 	 	 	 	 	HANGARS 11 AND 12 (LAND)	 	 	 	7/1/2014	 	1,290,083	 	$0.0000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	N/A	 	 	 	N/A	 	N/A	 	 
	 28
	 	07-0986	 	N/A	 	EAST GSE RAMP	 	 	 	7/1/2014 (10)	 	1,000,681	 	$0.1741	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$14,518.21	 	 	 	$0.17	 	$14,518.21	 	 
	 29
	 	 	 	 	 	COLD CHAIN STORAGE PARKING	 	 	 	4/1/2016 (11)	 	29,174	 	$0.2077	 	 	 	 	 	 	 	$0.00	 	 	 	$0.00	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	$504.95	 	 	 	$504.95	 	 
	 30
	 	07-0987	 	07-0987	 	3505 TCHULAHOMA ROAD BUILDING	 	 	 	4/1/2017 (12)	 	38,345	 	$2.8500	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$9,106.94	 	 
	 	 	 	 	 	 	3505 TCHULAHOMA ROAD (IMPROVED GROUND)	 	 	 	4/1/2017 (12)	 	58,810	 	$0.2597	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$1,272.75	 	 
	 	 	 	 	 	 	3505 TCHULAHOMA ROAD (UNIMPROVED)	 	 	 	4/1/2017 (12)	 	64,702	 	$0.2077	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$1,119.88	 	 
	 31
	 	 	 	 	 	3318 WINCHESTER ROAD (BUILDING)	 	 	 	8/1/2017 (13)	 	113,461	 	$2.8500	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$26,946.99	 	 
	 	 	 	 	 	 	3318 WINCHESTER ROAD (IMPROVED GROUND)	 	 	 	8/1/2017 (13)	 	196,782	 	$0.2597	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$4,258.69	 	 
	 	 	 	 	 	 	3318 WINCHESTER ROAD (UNIMPROVED GROUND)	 	 	 	8/1/2017 (13)	 	164,498	 	$0.2077	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$2,847.19	 	 
	 32
	 	07-0989	 	 	 	2860 SOUTHWIND DRIVE (UNIMPROVED GROUND)	 	 	 	9/1/2017	 	72,172	 	$0.2077	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$1,249.18	 	 
	 33
	 	 	 	N/A	 	FEDEX GOLDEN TRIANGLE RAMP	 	 	 	5/1/2018	 	698,965	 	$0.2077	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$12,097.92	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	30,459,161	 	 	 	$621,102.12	 	$7,453,225.44	 	 	 	$710,588.05	 	 	 	$8,215,154.42	 	 	 	 	 	 	 	$719,046.41	 	$781,865.30	 	$782,680.31	 	$822,191.08	 	$822,696.03	 	 	 	$881,595.56	 	 

  

	Note 1:	The Effective Date will be the date on which the term of the Lease Agreement in effect between the Authority and Tenant with respect to the premises currently occupied by the “Tennessee Air National Guard” and
dated             , 200    , begins. January 1, 2009 is merely an estimate of when that lease term will commence. 

	  	When the Effective Date occurs, the parties will calculate rent for Parcel 1 based upon a rental rate of $0.1906 per square foot of land area. 

 

	Note 2:	The Effective Date will be the date on which the term of the Lease Agreement in effect between the Authority and Tenant with respect to the premises currently occupied by the “Tennessee Air National Guard” and
dated             , 200    , begins. January 1, 2009 is merely an estimate of when that lease term will commence. 

	 	When the effective Date occurs, the parties will calculate rent for Parcels 4 and 23 based upon a rental rate of $0.2400 per square foot of land area. 

 

	Note 3:	As of the Effective Date, the monthly and annual rent amounts for Parcel 2 are $             and
$             respectively. As of July 1, 2008, the parties will adjust those amounts to equal the product achieved by multiplying each of those amounts by 1.15. 

 

	Note 4:	The Effective Date is the earlier of the date of beneficial occupancy or December 1, 2007. When the Effective Date occurs, the parties will calculate the rent based upon a rental rate of $0.1525 per square foot of land
area. 

  

	Note 5:	The rental rate that becomes effective July 1, 2008, reflects a 25-percent increase in the rental rate in effect prior to that date. 

 

	Note 6:	The Effective Date is subject to the operation and effect of Section1.04(b) of the foregoing Lease Agreement. When the Effective Date occurs, the parties will calculate rent for Parcel based upon a rental rate of $1.53
per square foot of building footprint area. 

  

	Note 7:	The Effective Date is the earlier of the date of beneficial occupancy or March 1, 2008. When the Effective Date occurs, the parties will calculate the rent based upon a rental rate of $0.1525 per square foot of land
area. 

  

	Note 8:	The Effective date is subject to the operation and effect of Section 1.04(b) of the foregoing Lease Agreement. When the Effective Date occurs, the parties will calculate rent for Parcel based upon a rental rate of $1.53
per square foot of building footprint area. 

	 	That rent is inclusive of rent for the building space comprising Parcel 24 and the land underlying that space. 

  

	Note 9:	When the Effective Date for Parcel 24 occurs, the parties will reduce this area to 4,041,659 solely for the purpose of calculating the rent payable with respect to this portion of Parcel 17. The rent specified for the
building spacer comprising Parcel 24 is inclusive of the rent for the land underlying that building space. 

  

	Note 10:	Re: parcel 33 - As of the effective date rent will be charge for 885,880 square feet FedeEx Golden Triangle. The 186,915 sqare feet taxiway within the Golden Triangle will be omitted from rent. Rent will be charged for
698,965 square feet (excluding taxiway) at the rate of $.2077 per square foot. 

 G:\AR\Leases\FedEx Lease info\FedEx Percent
Increase FY2019 Lease Form with Golden Triangle 

  
 7 

 Exhibit B 

Legal Description 
 FEDEX GOLDEN
TRIANGLE RAMP 
 LEASE PARCEL 
 Property
Description 
 Being a 20.320 acre parcel of land contained entirely within the Memphis-Shelby County Airport Authority (MSCAA) property
located in the City of Memphis, Shelby County, State of Tennessee. Said parcel is located on the west ramp, west of Taxiway November, north of Taxiway Victor and is bounded on the north and east by Federal Express Corporation Parcels 1 & 3 and
being more particularly described by metes and bounds as follows: 
 Commencing at the centerline intersection of Taxiway November and
Taxilane 800; thence along the existing centerline of Taxiway November South 04° 16’ 57” West, 81.06 feet to the north line of Federal Express Corporation Parcel 1, said point also being a south line of Federal Express Corporation
Parcel 3; thence along said north line North 85° 44’ 10” West, 50.08 feet to the northwest corner of said Parcel 1, said point being the POINT OF BEGINNING; thence South 04° 16’ 22” West along the west line of said
Parcel, 864.80 feet to a point; thence, continuing along the west line of said Parcel 1, South 04° 13’ 46” East, 111.10 feet to a point; thence South 03° 15’ 06” East, 402.85 feet to a point; thence South 88° 22’
38” West, 40.74 feet to a point; thence North 02° 30’ 36” West, 19.44 feet to a point; thence North 16° 24’ 41” West, 86.25 feet to a point; thence North 70° 56’ 03” West, 112.51 feet to a point; thence
North 83° 35’ 54” West, 305.68 feet to a point; thence North 85° 43’ 22” West, 517.59 feet to a point of curvature; thence along a curve to the right, having a radius of 127.31 feet, an arc length of 141.74 feet (chord =
North 01° 27’ 34” East, 134.53 feet) to a point; thence South 85° 44’ 10” East, 0.50 feet to a point; thence North 30° 07’ 38” East, 312.89 feet to a point; thence North 37° 41’ 42” East, 82.46
feet to a point; thence North 39° 50’ 06” East, 214.62 feet to a point; thence North 31° 53’ 01” East, 451.96 feet to a point; thence North 30° 55’ 58” East, 143.17 feet to a point; thence North 33°
08’ 42” East, 99.45 feet to a point; thence South 85° 43’ 22” East, 188.43 feet to a point; thence North 04° 16’ 07” East, 188.06 feet to a point in a south line of Federal Express Corporation Parcel 3; thence,
along said south line South 85° 45’ 10” East, 107.74 feet to a point; thence South 02° 37’ 19” West, 225.15 feet to a point; thence South 85° 44’ 10” East, 11.95 feet to the POINT OF BEGINNING and containing
20.320 acres. 

  
 8 

 Exhibit B 

Leased Premises/Unimproved Ground 
  

 

  
 9 

 EXHIBIT C 

LEASEHOLD IMPROVEMENTS 
  

			
	 INDEX

NO.
	  	 DESCRIPTION

		
	1	  	REMOVAL OF STRUCTURES & OBSTRUCTIONS
		
	2	  	RELOCATION OF EXISTING GUARD BOOTH, INCLUDING UTILITY CONNECTIONS
		
	3	  	DISCONNECT AND PROTECT EXISTING LIGHT POLE CIRCUIT FOR CONNECTION TO NEW CIRCUIT
		
	4	  	DISCONNECT AND REMOVE EXISTING LIGHT POLES AND ELECTRICAL BOX
		
	5	  	EXISTING LED LIGHTING FIXTURE, REMOVED FROM EXISTING POLE AND REINSTALLED ON NEW 40’ POLE
		
	6	  	DISCONNECT AND REMOVE EXISTING UNDERGROUND ELECTRICAL CONDUIT AND POWER WIRING
		
	7	  	ASPHALT PAVEMENT EXCAVATION
		
	8	  	GRAVEL PAVEMENT EXCAVATION
		
	9	  	PAVEMENT MILLING
		
	10	  	ASPHALT PAVEMENT RUBBILIZATION
		
	11	  	TEMPORARY CONSTRUCTION ENTRANCE
		
	12	  	RELOCATE TEMPORARY CHAIN LINK FENCE (6’ W/ BARBED WIRE)
		
	13	  	TEMPORARY CHAIN LINK FENCE (6’ W/ BARBED WIRE)
		
	14	  	RAISE EX. #11 INLET
		
	15	  	FILL ABANDONED 8” MAIN W/ GROUT
		
	16	  	FILL ABANDONED 10” MAIN W/ GROUT
		
	17	  	ABANDON EX. SEWER MANHOLE

  
 10 

			
		
	18	  	FUEL PIPING 6” DIAMETER
		
	19	  	FUEL PIPING 14” DIAMETER
		
	20	  	HYDRANT FUEL PIT ASSEMBLY WITH BUTTERFLY VALVE AND HYDRANT VALVE
		
	21	  	FUEL SYSTEM LOW POINT DRAIN ASSEMBLY
		
	22	  	FUEL SYSTEM HIGH POINT VENT ASSEMBLY
		
	23	  	FUEL SYSTEM FLUSHING PIT ASSEMBLY
		
	24	  	FUEL SYSTEM PNEUMATIC TESTING
		
	25	  	FUEL SYSTEM HYDROSTATIC TESTING
		
	26	  	FLUSHING OF 14-INCH JF HYDRANT PIPING (INCLUDING 7 HYDRANT LATERALS)
		
	27	  	TRANSPORT OF FUEL FROM FLUSHING OPERATIONS BACK TO BUCKEYE FUEL STORAGE FACILITY
		
	28	  	ALLOWANCE FOR FUEL RECLAIM CHARGE PAID TO BUCKEYE FUEL STORAGE FACILITY (320,000 GAL x $0.184/GAL)
		
	29	  	FLUSHING EVENTS REQUIRED BEYOND THE SPECIFIED FLUSH (32,000 GALS/FLUSH)
		
	30	  	TRANSPORT OF FUEL FROM FLUSHING OPERATIONS BACK TO BUCKEYE FUEL STORAGE FACILITY (32,000 GALS/EACH
		
	31	  	ALLOWANCE FOR FUEL RECLAIM CHARGE PAID TO BUCKEYE FUEL STORAGE FACILITY (32,000 GAL x $0.184/GAL)
		
	32	  	CATHODIC PROTECTION SYSTEM
		
	33	  	1” UNDERGROUND COMPRESSED AIR PIPE, COATED STEEL
		
	34	  	1-1/2” UNDERGROUND COMPRESSED AIR PIPE, COATED STEEL
		
	35	  	COMPRESSED AIR LOW POINT DRAIN ASSEMBLY
		
	36	  	400 Hz. FREQUENCY CONVERTOR RECEPTACLES
		
	37	  	PROVIDE AND INSTALL NEW LARGE EQUIPMENT RACK FOR ELECTRICAL PANELS AND 400HZ RECEPTACLE AT POLE

  
 11 

			
		
	38	  	PROVIDE AND INSTALL NEW SMALL EQUIPMENT RACK FOR 400HZ RECEPTACLE AT POLE
		
	39	  	NEW FUEL SHUTDOWN AND SLUICE GATE PANELS, INCLUDING CONDUIT, CONDUCTORS, AND BEACON AT POLE
		
	40	  	NEW FUEL SHUTDOWN AND SLUICE GATE CONTROL PANEL WITH ETHERNET FIBER AND AB I/O IN NEW RAMP SUPPORT BUILDING
		
	41	  	SLUICE GATE PANEL WITH FIBER INPUT AT SLUICE GATE
		
	42	  	MODIFY EXISTING PLC23 TO ACCOMMODATE THE NEW SPILL CONTROL AND FUEL SHUTDOWN GATES. INCLUDE NEW BYPASS FOR GT GATES WITH BYPASS RELAY. COORDINATE WITH WESPAC COMMUNICATION OF
E-STOP.
		
	43	  	JOHNSON CONTROLS MODIFICATIONS
		
	44	  	EMERGENCY FUEL SHUTDOWN PLC PROGRAMMING (WESPAC)
		
	45	  	MODIFY PLC-5 PANEL FOR ETHERNET COMMUNICATION TO EXISTING PLC23 AND FIBER COMMUNICATION FROM NEW RAMP SUPPORT BUILDING
		
	46	  	NEW FUEL SHUTDOWN PANEL WITH SPECIAL CONFIGURATION WITH DEVICE TERMINALS AND FUSING
		
	47	  	2/C #12 PLUS #12 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	48	  	2/C #10 PLUS #10 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	49	  	2/C #8 PLUS #8 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	50	  	2/C #6 PLUS #6 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	51	  	3/C #8 PLUS #8 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	52	  	3/C #1/0 PLUS #4 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	53	  	3/C #2/0 PLUS #4 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	54	  	4/C #6 PLUS #10 GROUND, XHHW-2, 600V COPPER, XLP CABLE
		
	55	  	#3/0 XHHW-2, 600V COPPER GROUND
		
	56	  	600 KCMIL XHHW-2, 600V COPPER

  
 12 

			
		
	57	  	EXOTHERMIC WELDS
		
	58	  	STANDARD GROUND ROD
		
	59	  	#6 AWG BARE COPPER GROUNDING COUNTERPOISE
		
	60	  	AIRCRAFT STATIC GROUNDING RECEPTACLE
		
	61	  	2” NON-METALIC CONDUIT, INSTALLED IN TRENCH, INCLUDING TRENCH IN GRASS
		
	62	  	4” NON-METALIC CONDUIT, INSTALLED IN TRENCH, INCLUDING TRENCH IN GRASS
		
	63	  	NON-METALIC CONDUIT, CONCRETE ENCASE 2”
		
	64	  	NON-METALIC CONDUIT, CONCRETE ENCASE 2-2”
		
	65	  	NON-METALIC CONDUIT, CONCRETE ENCASE 4”
		
	66	  	NON-METALIC CONDUIT, CONCRETE ENCASE 2-4” PRIMARY POWER
		
	67	  	NON-METALIC CONDUIT, CONCRETE ENCASE 1”
		
	68	  	NON-METALIC CONDUIT, CONCRETE ENCASE 1-1” & 3-4” (GENERATOR POWER AND
CONTROLS)
		
	69	  	MAXCELL FABRIC INNERDUCT - 4”, 3 CELL,
#MX-C-4003-4”-XX
		
	70	  	MAXCELL FABRIC INNERDUCT - 2”, 3 CELL,
#MX-C-2003-2”-XX
		
	71	  	HANDHOLE, AIRCRAFT RATED, 36“x36“x36” (POWER)
		
	72	  	HANDHOLE, AIRCRAFT RATED, 36“x36“x36” (COMM)
		
	73	  	HANDHOLE, VEHICLE RATED, 36“x36“x36” (COMM)
		
	74	  	MANHOLE, VEHICLE RATED, 7’x7’x’7 - POWER
		
	75	  	STANDARD MLGW VARIABLE DEPTH PULL BOX, VEHICLE RATED - PRIMARY POWER

  
 13 

			
		
	76	  	STANDARD MLGW TRANSFORMER PAD - PRIMARY POWER
		
	77	  	HANDHOLE, VEHICLE RATED, 36“x36“x36” (POWER)
		
	78	  	DUCTBANK, 4x2-4”
		
	79	  	DUCTBANK, 4x1-4”
		
	80	  	DUCTBANK, 3x1-4”
		
	81	  	DUCTBANK, 3x2-4”
		
	82	  	DUCTBANK, 2x1-4”
		
	83	  	DUCTBANK, 1x1-4”, 1x1-2”
		
	84	  	DIRECT BORE 1-4” COMM
		
	85	  	BORE PIT FOR DIRECTIONAL BORE - IN GRASS AREA
		
	86	  	BORE PIT FOR DIRECTIONAL BORE - IN ASPHALT AREA
		
	87	  	15KVA, 3-PHASE, MINI-POWER CENTER W/SPD, INSTALLED
		
	88	  	GENERATOR AND ATS EQUIPMENT, INSTALLED COMPLETE
		
	89	  	NEW POLE FOUNDATION,PIPE BOLLARDS FOR LARGE EQUIPMENT AREA, RECEPTACLE, AND ASSOCIATED CONDUIT FOR NEW GATE LEC POLE
		
	90	  	NEW POLE FOUNDATION, PIPE BOLLARDS FOR SMALL EQUIPMENT AREA, RECEPTACLE, AND ASSOCIATED CONDUIT FOR NEW GATE LEC POLE
		
	91	  	NEW POLE FOUNDATION, PIPE BOLLARDS, AND ASSOCIATED CONDUIT FOR NEW 80’ BUILDING LEC POLE
		
	92	  	NEW POLE FOUNDATION, PIPE BOLLARDS AND ASSOCIATED CONDUIT FOR NEW 40’ LEC POLE
		
	93	  	NEW 80 FT LEC POLE

  
 14 

			
		
	94	  	NEW 40 FT LIGHT POLE
		
	95	  	CHEMICAL GROUND, TRAFFIC RATED
		
	96	  	LEC SYSTEM INSPECTION
		
	97	  	NEW GATE READY LIGHT, INCLUDING SWITCH, WIRE AND CONDUIT
		
	98	  	PROVIDE AND INSTALL NEW LIGHTNING ELIMINATION ARRAY ON NEW 80’ LEC POLE
		
	99	  	PROVIDE AND INSTALL NEW LIGHTNING ELIMINATION SPLINE BALL ON NEW 40’ LEC POLE
		
	100	  	CUTOFF LED LIGHTING FIXTURE (Type as Required)
		
	101	  	STORM WARNING LIGHT
		
	102	  	GATE SIGNS – 3 PER POLE
		
	103	  	FURNISH AND INSTALL NEW L-867 BASE, 10” DEEP IN EXISTING RIGID PAVEMENT
		
	104	  	FURNISH AND INSTALL NEW L-867 BASE, IN NEW RIGID PAVEMENT
		
	105	  	FURNISH AND INSTALL NEW L-868 BASE, IN NEW FLEXIBLE PAVEMENT
		
	106	  	FURNISH AND INSTALL NEW L-868 B 3/4” BLANK COVER
		
	107	  	FURNISH AND INSTALL NEW L-852C(L) LED FIXTURE, TYPE AND COLOR PER DRAWINGS
		
	108	  	FURNISH AND INSTALL NEW L-852D(L) LED FIXTURE, TYPE AND COLOR PER DRAWINGS
		
	109	  	FURNISH AND INSTALL NEW L-861T(L) LED FIXTURE, TYPE AND COLOR PER DRAWINGS
		
	110	  	FURNISH AND INSTALL NEW TYPE C SINGLE CONDUCTOR #8 AWG, 5KV COPPER WIRE
		
	111	  	T/W NONMETALLIC CONDUIT CONCRETE ENCASED 2”
		
	112	  	T/W GRS CONDUIT 1 1/2”, IN 4” x 5” DEEP SAW CUT TRENCH IN RIGID PAVEMENT, COMPLETE
		
	113	  	UNDERCUT EXCAVATION

  
 15 

			
		
	114	  	UNDERCUT BACKFILL (CR 610) LIMESTONE
		
	115	  	EMBANKMENT - COMPACTED IN PLACE
		
	116	  	SUBGRADE PROCESSING
		
	117	  	NON-WOVEN GEOTEXTILE FABRIC
		
	118	  	DEWATERING BAG
		
	119	  	FILTER SOCK (12”)
		
	120	  	INLET PROTECTION
		
	121	  	PIPE END PROTECTION
		
	122	  	SILT FENCE
		
	123	  	CHECK DAM
		
	124	  	TEMPORARY SWALE
		
	125	  	TDOT CLASS ‘B’ RIP-RAP
		
	126	  	FLOC LOG
		
	127	  	DEWATERING DEVICE W/ GATE VALVE
		
	128	  	GRAVEL UNDERDRAIN W/ 4” PERFORATED PIPE
		
	129	  	UNDERDRAIN CLEANOUT, IN LINE
		
	130	  	UNDERDRAIN CLEANOUT, END OF LINE
		
	131	  	NEW CHAIN LINK FENCE (10’ W/ BARBED & RAZOR WIRE)
		
	132	  	REMOVE AND REPLACE EX. 6’ FENCE (10’ CHAIN LINK FENCE W/ BARBED & RAZOR WIRE)
		
	133	  	NEW ROLL GATE - 30’ WIDE (10’ W/ BARBED & RAZOR WIRE)
		
	134	  	BITUMINOUS CONCRETE PAVEMENT (SURFACE COURSE) 2”

  
 16 

			
		
	135	  	BITUMINOUS CONCRETE PAVEMENT (BINDER COURSE) 2”
		
	136	  	POROUS BITUMINOUS BASE COURSE (4” THICK)
		
	137	  	PORTLAND CEMENT CONCRETE PAVEMENT (16 1/2” THICK)
		
	138	  	PORTLAND CEMENT CONCRETE PAVEMENT (18” THICK)
		
	139	  	CEMENT-TREATED BASE COURSE (8”)
		
	140	  	CEMENT-TREATED BASE COURSE (10”)
		
	141	  	CEMENT-TREATED BASE COURSE (14”)
		
	142	  	BOND BREAKER
		
	143	  	6-30 CURB AND GUTTER
		
	144	  	VERTICAL CURB
		
	145	  	MANHOLE (5’ DIA. - AIRCRAFT RATED)
		
	146	  	MANHOLE (7’ DIA. - AIRCRAFT RATED)
		
	147	  	7’x7’ SQUARE MANHOLE
		
	148	  	6-72 INLET
		
	149	  	SPECIAL INLET No. 1
		
	150	  	SPECIAL INLET No. 3
		
	151	  	SPECIAL INLET No. 4
		
	152	  	CONCRETE SWALE
		
	153	  	SLUICE GATE
		
	154	  	10’x6’ PRECAST BOX CULVERT
		
	155	  	12’x6’ PRECAST BOX CULVERT

  
 17 

			
		
	156	  	PRECAST JUNCTION BOX
		
	157	  	VISUAL BARRIER WALL (INCLUDING GUARDRAIL)
		
	158	  	AIRCRAFT TETHERING SYSTEM
		
	159	  	TETHER PULL TEST
		
	160	  	CONCRETE BARRIER RAIL - TYPE III (CONTRACTOR - FURNISHED)
		
	161	  	LOW-PROFILE BARRICADES (CONTRACTOR - FURNISHED)
		
	162	  	TRAFFIC CONTROL
		
	163	  	PAVEMENT PAINTING
		
	164	  	PIPE BOLLARD RAIL
		
	165	  	SODDING
		
	166	  	TOPSOIL (3”)
		
	167	  	HYDRO-MULCHING
		
	168	  	TURF REINFORCEMENT MAT
		
	169	  	LANDSCAPING
		
	170	  	FIRE DEPARTMENT CONNECTION (SIAMESE), INCLUDING BOLLARDS
		
	171	  	POST INDICATOR VALVE, INCLUDING BOLLARDS
		
	172	  	FIRE HYDRANT AND VALVE ASSEMBLY, INCLUDING BOLLARDS
		
	173	  	DUCTILE IRON PIPE (10”)
		
	174	  	RELOCATE DUCTILE IRON PIPE (10”)
		
	175	  	DUCTILE IRON PIPE (6”)
		
	176	  	DUCTILE IRON PIPE (4”)

  
 18 

			
		
	177	  	WATER LINE (2” - SCHEDULE 40 PVC)
		
	178	  	2” WATER VALVE
		
	179	  	6” WATER VALVE
		
	180	  	10” WATER VALVE
		
	181	  	6” X 2” REDUCER
		
	182	  	10” X 6” REDUCER
		
	183	  	6” TEE AND VALVE
		
	184	  	10” TEE AND VALVE
		
	185	  	UTILITY INDENTIFICATION MARKERS
		
	186	  	8” (SDR-26) SANITARY SEWER (12’-16’ DEEP)
		
	187	  	10” (SDR-26) SANITARY SEWER (12’-16’ DEEP)
		
	188	  	12” (SDR-26) SANITARY SEWER (16’-20’ DEEP)
		
	189	  	18” STEEL CASING
		
	190	  	20” STEEL CASING
		
	191	  	4” SANITARY SEWER SERVICE LINE
		
	192	  	CLEANOUT (SERVICE LINE)
		
	193	  	4’ DIAMETER SEWER MANHOLE
		
	194	  	4’ DIAMETER SEWER “DOGHOUSE” MANHOLE
		
	195	  	AIRCRAFT RATED SEWER MANHOLE EXTENSION
		
	196	  	REINFORCED CONCRETE PIPE CLASS V (18”)
		
	197	  	REINFORCED CONCRETE PIPE CLASS V (24”)

  
 19 

			
		
	198	  	REINFORCED CONCRETE PIPE CLASS V (36”)
		
	199	  	REINFORCED CONCRETE PIPE CLASS V (54”)
		
	200	  	REINFORCED CONCRETE PIPE CLASS V (60”)
		
	201	  	SLOTTED DRAIN (18”)
		
	202	  	SLOTTED DRAIN (24”)
		
	203	  	SLOTTED DRAIN (30”)
		
	204	  	SLOTTED DRAIN (36”)
		
	205	  	DRAIN INLET (4’x4’)
		
	206	  	24” HEADWALL
		
	207	  	60” HEADWALL
		
	208	  	12’x6’ BOX CULVERT HEADWALL
		
	209	  	GOLDEN TRIANGLE BUILDING, INCLUDING UTILITY CONNECTIONS AND WHEEL STOPS
		
	210	  	GENERATOR & CANOPY, INCLUDING UTILITY CONNECTIONS

  
 20 

 Exhibit D 

Taxiway Area 
  

 
 Striped Area consists of 186,915 square feet. 

  
 21 

 Exhibit E 
  

 

  
 22EX-10.34

 Exhibit 10.34 
  

			
	

	  	 FEC 07-0255-041
  

The Boeing Company

	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

6-1169-LKJ-0772 

March 16, 2018 
 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38118 

 

			
		
	Attention:	  	 Mr. Kevin Burkhart
 Managing Director
– Aircraft Acquisitions & Sales

		
	Subject:	  	[*]
		
	References:	  	(a) Purchase Agreement 3157 between Boeing and Customer dated November 7, 2006 relating to 777-Freighter Aircraft (Purchase Agreement)

 All terms used but not defined in this letter (Letter Agreement) shall have the same meaning as in the Purchase
Agreement. 
  

	 	1.	[*] 

  

	 	2.	[*] 

  

	 	3.	Confidentiality. Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other
parties. Customer agrees to limit the disclosure of its contents to employees of Customer with a need to know the contents for purposes of helping Customer perform its obligations under the Purchase Agreements and who understand they are not to
disclose its contents to any other person or entity without the prior written consent of Boeing. 

  

					
		  		  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
 Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 
  

			
	    Date:	 	 March 26, 2018

  

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President

  

					
	6-1169-LKJ-0772	  		  	Page 2
		  	BOEING PROPRIETARY

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}]]