Document:

EXHIBIT 10.1

 

AMENDMENT

 

THIS AMENDMENT (“Amendment”) dated the 26th day of
October, 2005, amends the Transportation Agreement dated as of January 10,
2001 (the “Agreement”) between The United States Postal Service (“USPS”) and
Federal Express Corporation (“FedEx”).

 

Preamble

 

WHEREAS, USPS and FedEx entered into the Agreement in
order to provide for the transportation and delivery of the Products (as such
term is defined in the Agreement);

 

WHEREAS, the parties now desire to amend certain
provisions of the Agreement to provide an expansion of the Products as stated
below;

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements contained in this Amendment, the parties agree as
follows:

 

1.                                       FedEx agrees to provide a dedicated DC-10
charter service for the purpose of transporting periodic USPS shipments from
[  * 
] to [  *  ] and a return trip to [  *  ] (“Charter
Service”).  FedEx agrees to provide the
Charter Service for the USPS on a mutually agreed schedule.

 

2.                                       USPS agrees to pay FedEx the amount of
[  * 
] for each roundtrip Charter Service. 
FedEx shall invoice such amounts in accordance with the supplemental
billing process provided for in the Agreement.

 

3.                                       Either party may terminate the Charter
Services provided under this Amendment on thirty (30) days prior written notice
to the other party.

 

4.                                       All capitalized terms not otherwise
defined in this Amendment shall have the meanings set forth in the Agreement.

 

5.                                       Except as amended by this Amendment, the
terms and conditions of the Agreement shall remain in full force and effect and
are ratified and confirmed in all respects.

 

IN WITNESS WHEREOF, the parties have signed this Amendment in
duplicate, one for each of the Parties, as of October 26, 2005.

 

	
   

  	
  THE UNITED STATES POSTAL SERVICE

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CHARLES A. PAWLUS

  	
   

  
	
   

  	
  Title:  Purchasing and Supply
  Management Specialist

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  FEDERAL EXPRESS CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ PAUL J. HERRON

  	
   

  
	
   

  	
  Title:  VP – Postal
  Transportation

  
	
   

  	
   

  

 

*                 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.

 

 

AMENDMENT

 

THIS AMENDMENT (“Amendment”) dated the 26th day of
October, 2005, amends the Transportation Agreement dated as of January 10,
2001 (the “Agreement”) between The United States Postal Service (“USPS”) and
Federal Express Corporation (“FedEx”).

 

Preamble

 

WHEREAS, USPS and FedEx entered into the Agreement in
order to provide for the transportation and delivery of the Products (as such
term is defined in the Agreement);

 

WHEREAS, the parties now desire to amend certain
provisions of the Agreement to provide an expansion of the Products as stated
below;

 

NOW, THEREFORE, in consideration of the mutual covenants
and agreements contained in this Amendment, the parties agree as follows:

 

1.                                       FedEx agrees to provide terminal handling
services for certain USPS shipment volume commencing November 30, 2005 and
terminating December 24, 2005 (“Terminal Handling Services”). The Terminal
Handling Services are more particularly described on Attachment 1.

 

2.                                       USPS agrees to pay FedEx a Package
Handling Fee for performance of the Terminal Handling Services.  The parties agree that the volume which is
processed pursuant to this Agreement will not count toward any Minimum Volume
Requirements under the Agreement or Addenda.

 

3.                                       All capitalized terms not otherwise
defined in this Amendment shall have the meanings set forth in the Agreement.

 

4.                                       Except as amended by this Amendment, the
terms and conditions of the Agreement shall remain in full force and effect and
are ratified and confirmed in all respects.

 

IN WITNESS WHEREOF, the parties have signed this Amendment in
duplicate, one for each of the Parties, as of October 26, 2005.

 

	
   

  	
  THE UNITED STATES POSTAL SERVICE

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CHARLES A. PAWLUS

  	
   

  
	
   

  	
  Title:  Purchasing and Supply
  Management Specialist

  
	
   

  	
   

  
	
   

  	
  FEDERAL EXPRESS CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ PAUL J. HERRON

  	
   

  
	
   

  	
  Title:  VP – Postal
  Transportation

  

 

 

ATTACHMENT 1

 

The
FedEx Memphis Hub will perform a truck interface operation with the four USPS
747 charter aircraft. This operation will consist of trucks from approximately
[  * 
] origins feeding volume into the Memphis Hub for [  *  ].
The offshore markets will also be sending return volume for the [  *  ]
trucks markets. The charter aircraft operations will begin with an outbound
launch on Nov 30, 2005 consisting of one 747 to [  *  ].
This aircraft will operate week 1 of the Dec 2006 schedule block. Trucking
operations from the [  *  ] participating locations and additional
charter aircraft operations will begin Dec 6, 2005. The additional aircraft
will consist of an aircraft to [  *  ] and an additional aircraft to [  *  ].
All four aircraft shall make return trips to Memphis. The last day for truck
inbound and outbound to and from Memphis for volume will be Dec 23, 2005.

 

FedEx
will offload the USPS shipment volume from USPS trucks, process it pursuant to
the terms of the Agreement and load volume into FedEx ULD’s (with the exception
of the charter which is destined from [ 
*  ], which is an airport to
airport movement outside of the FedEx operations.  FedEx will not provide containers for this
flight leg.)  Finally, FedEx will move
the ULD’s to the USPS charter aircraft for transport.  The USPS will provide trailers for the
foregoing movements.  FedEx will take volume from the USPS THS
provider (which was offloaded from USPS offshore aircraft) and FedEx will load
such volume onto USPS surface transportation.

 

The
last day for aircraft charter operations will be inbound to MEM from all
offshore markets on Dec 24, 2005. Normal FedEx operations and movement of
offshore volume will resume for the outbound on Dec 24, 2005.  The four 747 aircraft begin their first leg
of operations from the MEM airport to [ 
*  ].  To prevent an imbalance in ULD container
movements, the final leg for each flight must be at the MEM airport.

 

 

*                 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.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.

 

*                                         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.

 

1

 

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

  	
   

  	
  [
  * ]

  

 

*                                         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

 

 

	
  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 [  *  ]:

 

[  *  ]

 

*                                         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.

 

3

 

3.                                      CONSIDERATION

 

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

 

[  *  ]

 

*                                         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.

 

4

 

 

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.

 

5

 

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.

 

6

 

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

  	
   

  	
   

  

 

7

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