Document:

Exhibit 10.3

Exhibit 10.3

 

SECOND AMENDMENT

to the

COMPOSITE LEASE AGREEMENT

By and Between

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

and

FEDERAL EXPRESS CORPORATION

Effective as of June 1, 2009

 

 

 

 

SECOND AMENDMENT

TO THE COMPOSITE LEASE AGREEMENT

This Second Amendment, effective on the 1st of June, 2009 (the “Effective Date”), 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 and qualified to do business in the State of Tennessee (Authority and
Tenant are collectively referred to as “Parties”).

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, being herein called
the “Composite Lease Agreement”); and

WHEREAS Authority and Tenant intended the Composite Lease Agreement to represent each of 23
separate lease agreements (later increased to 24) between the Parties and showed the differences
among the 23 (later 24) leases by attaching a schedule as Exhibit A to the Composite Lease
Agreement 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 lease
will be in effect, and the rent that Tenant pays to Authority for each parcel; and

WHEREAS one of the parcels included in the Composite Lease Agreement was “Parcel 10” (herein
so called); and

WHEREAS Authority now desires to use the property known as Parcel 10, and more particularly
described and depicted in the attached Exhibit “A”, incorporated by reference herein, for
construction activities related to the reconstruction of the eastern segments of Taxiways Alpha and
Victor beginning May 1, 2010, and ending approximately December 31, 2011; and

WHEREAS Authority and Tenant have agreed that, during the foregoing construction period,
Parcel 10 will be removed from the Leased Premises and the rent due to the Authority for Parcel 10
will be adjusted accordingly;

 

2 

 

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
clearly requires otherwise, all words and terms used in this Second Amendment that are defined in
the Composite Lease Agreement will have, for all purposes of this Second Amendment, the respective
meanings given to them in the Composite Lease Agreement.

SECTION
2 Term. The term (“Term”) of this Second Amendment commences on May 1, 2010
(the “Commencement Date”), and expires on December 31, 2011.

SECTION 3 Rental Rate.

a. The Parties acknowledge and agree that the current rent for Parcel 10 is Three Thousand One
Hundred Thirty-Two Dollars and Twenty-Four Cents ($3,132.24) per month.

b. The Parties further agree that on May 1, 2010, and continuing throughout the Term, Parcel
10 will not be a part of the Leased Premises and Tenant shall not be obligated to pay rent for
Parcel 10, and the rent payable for the Leased Premises will be reduced by Three Thousand One
Hundred Thirty-Two Dollars and Twenty-Four Cents ($3,132.24) each month during the Term.

c. The Parties acknowledge and agree that the above does not in any way affect Tenant’s
obligation to pay Authority all other rent due under the Composite Lease Agreement. Rental rates
are subject to increase or decrease annually in accordance with the rental rate provisions set
forth in the Composite Lease Agreement.

d. Upon the expiration of the Term, Parcel 10 will again become part of the Leased Premises
automatically and without any further action on the part of Authority or Tenant, and the rent
payable for the Leased Premises will be increased by Three Thousand One Hundred Thirty-Two Dollars
and Twenty-Four Cents ($3,132.24) per month as that amount would have been adjusted in accordance
with the terms of the Composite Lease Agreement if Parcel 10 had remained part of the Leased
Premises throughout the Term.

 

3 

 

SECTION 4 Use.

a. During the Term, Authority and its designee may use Parcel 10 solely for
construction-related activities incident to the reconstruction of certain taxiways, including, but
not limited to, a staging area, batch plant, setting up of temporary trailers or similar temporary
storage structures, the parking of contractor vehicles and construction equipment, storage of
materials, and office space. Authority agrees to notify Tenant in writing if Authority intends to
change its use of Parcel 10.

b. Authority agrees not to use Parcel 10 in any way that:

	 	(i)	 	constitutes the commission of waste, the maintenance of a
nuisance, or the breach of any restriction or obligation set forth in the
Composite Lease Agreement; or

	 
	 	(ii)	 	involves the use, sale or introduction onto the premises of any
hazardous or toxic substances.

SECTION 5 Removal of Equipment Beginning May 1, 2010, Authority shall remove from
Parcel 10, and properly dispose of, the trailers and kiosks presently located on Parcel 10 at
Authority’s sole expense. Authority shall also remove from Parcel 10 the crew steps, tires and
other personal property currently located on Parcel 10 (the “Tenant’s Equipment”) and shall store
the Tenant’s Equipment on other property that Authority owns at the Memphis International Airport
(the “Airport”) and that is not leased to Tenant, all at Authority’s sole expense. Prior to the
expiration of the Term or any earlier termination of this Second Amendment, Authority shall return
the Tenant’s Equipment to Parcel 10 at Authority’s sole expense. If, at any time during the Term,
Tenant requires any of the Tenant’s Equipment for use in Tenant’s operations, Authority shall allow
Tenant access to the site where Authority has stored Tenant’s Equipment so that Tenant, at Tenant’s
sole expense, may remove whatever portion of the Tenant’s Equipment that Tenant may require.
Authority may store the Tenant’s Equipment in the open and will have no liability for deterioration
of the Tenant’s Equipment that occurs as a result of its exposure to the elements. Authority must,
however, repair at its expense any damage that occurs to any of the Tenant’s Equipment during the
Term as a result of the fault or negligent act of any person that has access to the Tenant’s
Equipment during the Term.

 

4 

 

SECTION 6 Construction of Improvements/Alterations. The Composite Lease Agreement
obligates Tenant to keep the Leased Premises in good order and repair, ordinary wear and tear
excepted. The Parties understand and agree that Tenant shall not be held responsible for
any wear and tear or damage to Parcel 10 that occurs during the Term. Upon the expiration of the
Term or any earlier termination of this Second Amendment, Authority shall deliver possession of
Parcel 10 to Tenant in the condition that existed on the Commencement Date, except for reasonable
wear and tear, alterations and improvements that Authority makes to Parcel 10, but that Tenant does
not require Authority to remove, and damage that does not occur as a result of the negligence or
willful misconduct of Authority or any of its employees, agents, contractors or other invitees.

Authority may remove any fencing currently installed on Parcel 10 without consent from Tenant;
prior to the expiration of the Term or any earlier termination of this Second Amendment, however,
Authority must re-install any fencing it removes at the locations where presently installed.

Authority further agrees that Parcel 10 will be free from construction or other debris and all
construction related materials will be removed before Parcel 10 is returned to Tenant.

SECTION 7 Remainder of Composite Lease Agreement in Effect. All other terms,
provisions, conditions, covenants and agreements of the Composite Lease Agreement shall continue in
full force and effect.

SECTION 8 Effective Date of this Second Amendment. This Second Amendment shall become
effective June 1, 2009.

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

	 	 	 	 	 	 	 	 	 
	MEMPHIS-SHELBY COUNTY
AIRPORT AUTHORITY	 	 	 	FEDERAL EXPRESS CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ SCOTT A. BROCKMAN
	 	 	 	By: 
	/s/ WILEY JOHNSON, JR.
	 

	 	 
	 	 	 	 	 
	 

	 	Title: EVP/COO
	 	 	 	 	Title: 	Managing Director, Real Estate and

Airport Development
	 
	 	 	 	 	 	 	 	 
	Date: March 30, 2010	 	 	 	Date: March 24, 2010
	 
	 	 	 	 	 	 	 	 
	Approved as to Form and Legality:	 	 	 	 	 	 
	MSCAA Board
Secretary
 	 	 	 	 	 	 
	/s/ SARA L. HALL	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Sara L. Hall, Vice
President & General Counsel	 	 	 	 	 	 

Date: March 29, 2010

 

5 

 

EXHIBIT A to

SECOND AMENDMENT

to the

COMPOSITE LEASE AGREEMENT

By and Between

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

and

FEDERAL EXPRESS CORPORATION

Effective as of June 1, 2009

 

Parcel 10 Legal Description

Parcel 10

Supplemental Agreement 16, Parcel 22A

March 7, 2007

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; located on the south east corner
of Tchulahoma & Knight Arnold Road in Memphis, Shelby County, Tennessee.

Commencing at the intersection of the east right-of-way line of Tchulahoma Road (106 foot right
of-way) and the south right-of-way line of Knight Arnold Road (80 foot right-of-way), Thence
northeastwardly along the south right-of-way line of Knight Arnold Road, North 63 degrees 57
minutes 58 seconds east, a tangent distance of 44.72 feet to the TRUE POINT OF BEGINNING of the
following lease area, Thence North 63 degrees 57 minutes 58 seconds East, a distance of 47.03 feet
to a point of curve, Thence along a curve to the right having a radius of 960.00 feet with an arc
distance of 470.59 feet and a chord of North 78 degrees 0 minutes 33 seconds East, a chord distance
of 465.89 feet to a point of compound curve, Thence along a curve to the right having a radius of
23.19 feet with an arc distance of 37.35 feet and a chord of South 41 degrees 48 minutes 54 seconds
East, a chord distance of 33.44 feet to a point of tangency located in the west right-of-way line
of Linda Road, Thence southwestwardly along the west line of Linda Road (50 feet right-of-way),
South 4 degree 19 minutes 6 seconds West, a distance of 309.31 feet to the southeast corner of said
lease area, Thence North 85 degrees 14 minutes 39 seconds West, a distance of 422.13 feet to the
southwest corner of said lease area located in the east right-of-way line of Tchulahoma Road,
Thence northwestwardly along said east right-of-way line, North 31 degrees 8 minutes 19 seconds
West, a distance of 142.84 feet to a point of curve, Thence along a curve to the right having a
radius of 40.00 feet with an arc distance of 67.28 feet and a chord of North 17 degrees 2 minutes
57 seconds East, a chord distance of 59.63 feet to the point of beginning and containing
approximately 140,617 square feet or 3,214 acres by calculation.

 

6 

 

[Photographs]

 

7 

 

 

THIRD AMENDMENT

to the

COMPOSITE LEASE AGREEMENT

By and Between

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

and

FEDERAL EXPRESS CORPORATION

Effective as of July 1, 2009

 

 

8 

 

THIRD AMENDMENT

TO THE COMPOSITE LEASE AGREEMENT

This Third Amendment, effective on the 1st day of July, 2009 (the “Effective
Date”), 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 and qualified to do business in the State of
Tennessee (Authority and Tenant are collectively referred to as “Parties”.),

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, and by Second
Amendment to the Composite Lease Agreement intended to be effective as of June 1, 2009, being
herein called the “Composite Lease Agreement”); and

WHEREAS Authority and Tenant intended the Composite Lease Agreement to represent each of 23
separate lease agreements between the Parties (later increased to 24) and showed the differences
among the 23 (later 24) leases by attaching a schedule as Exhibit A to the Composite Lease
Agreement 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 Parcel 2, as described and depicted in the Composite Lease Agreement, includes
buildings designated as Hangars 21, 22, 23, 24, 25 and 27 and land on which a building designated
as Hangar 26 previously stood; and

WHEREAS, prior to the parties’ execution of the Composite Lease Agreement, Tenant removed
Hangar 26 with the Authority’s consent, but the rent established in the Composite Lease Agreement
for Parcel 2 inadvertently did not reflect the earlier removal of that building; and

WHEREAS Tenant now intends with the Authority’s consent to remove Hangars 21, 22 and 23 from
Parcel 2, to construct a new hangar (the “Replacement Hangar”) whose footprint will have an area of
approximately 35,419 square feet on the land where Hangars 21, 22 and 23 now stand, and to renovate
Hangars 24, 25 and 27; and

 

9

 

WHEREAS the parties wish to amend the Composite Lease Agreement to reflect these changes and
to modify the rent owed by Tenant accordingly;

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 Third Amendment that are defined
in the Composite Lease Agreement shall, for all purposes of this Third Amendment, have the
respective meanings given to them in the Composite Lease Agreement.

SECTION 2. Authority Consent. Authority consents to the demolition of Hangars 21, 22
and 23, the construction of the Replacement Hangar and the renovation of Hangars 24, 25 and 27 in
accordance with the drawings and specifications described in Exhibit A attached to this
Amendment. Authority consents to any revision of those drawings and specifications that Tenant
causes to be made so long as the revision does not result in either a material reduction in the
size of the Replacement Hangar or a reduction in the estimated cost of the demolition, construction
and renovation depicted in those drawings and specifications.

SECTION 3. Modification of Composite Lease and Applicable Rent. The Parties amend the
Composite Lease Agreement to reflect the removal of Hangar 26, the removal of Hangars 21, 22 and 23
in preparation for the building of the Replacement Hangar, and renovation of Hangars 24, 25 and 27.
As of the Effective Date, 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
Exhibit will accomplish the following:

(a) Effective as of July 1, 2009, the annual rent for Parcel 2 will be reduced by $15,870.00
to reflect the removal of Hangar 26. Because the execution of this Third Amendment is occurring
after July 1, 2009, the Effective Date, Tenant has overpaid rent for Parcel 2 in the amount of
$1,322.50 per month since the Effective Date. Accordingly, Tenant will receive a credit against
the installment of rent next becoming due under the terms of the Composite Lease Agreement after
the date the Parties execute and deliver this Third Amendment (as distinguished from its Effective
Date) in the aggregate amount of the overpayment.

 

10

 

(b) Effective as of the later to occur of August 1, 2010, or the date on which Tenant
substantially completes the construction of the Replacement Hangar and Tenant’s beneficial
occupancy of the Replacement Hangar begins, the annual rent for Parcel 2 will be reduced by
$44,246.00. The areas of the footprints of Hangars 21, 22 and 23 are 10,000 square feet, 7,000
square feet and 13,000 square feet respectively. Before this Amendment becomes effective, the
portion of the Parcel 2 rent allocable to that 30,000 square feet of building space and the land
underlying it is $50,917.00. At the rate that the Parties are currently using for the calculation
of that portion of the rent payable under the terms of the Composite Lease Agreement that is
allocable to unimproved land, the annual rent for the approximately 35,000 square feet of land that
will underlie the Replacement Hangar would be $6,671.00. As a result, the rent reduction described
above in this Subsection 3(b) will be the net amount after deducting $50,917.00 and adding
$6,671.00.

(c) Effective as of the later to occur of August 1, 2010, or the date on which Tenant
substantially completes the renovation of Hangar 24, 25 and 27 and Tenant’s beneficial occupancy of
those Hangars begins, the annual rent for Parcel 2 will be reduced by $23,458.05. Before this
Amendment becomes effective, the portion of the Parcel 2 rent allocable to Hangars 24, 25 and 27 is
$78,193.49. The rent reduction described above in this Subsection 3(c) represents a thirty-percent
reduction in that portion of the Parcel 2 rent allocable to Hangars 24, 25 and 27, which reduction
the Authority is offering in order to induce Tenant to make the renovations to Hangars 24, 25 and
27.

The Parcel 2 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 4. 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 5. Effective Dates of this Third Amendment. This Third Amendment becomes
effective as of July 1, 2009.

 

11

 

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

	 	 	 	 	 	 	 	 	 
	MEMPHIS-SHELBY COUNTY
AIRPORT AUTHORITY	 	 	 	FEDERAL EXPRESS CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ LARRY D. COX
	 	 	 	By: 
	/s/ WILEY JOHNSON, JR.
	 

	 	 
	 	 	 	 	 
	 

	 	Title: President
	 	 	 	 	Title: 
	Managing Director, Real Estate and

Airport Development
	 
	 	 	 	 	 	 	 	 
	Date: April 27, 2010	 	 	 	Date: April 27, 2010
	 
	 	 	 	 	 	 	 	 
	Approved as to Form and
Legality:	 	 	 	 	 	 
	MSCAA Board
Secretary
 	 	 	 	 	 	 
	/s/ SARA L. HALL	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Sara L. Hall, Vice
President & General Counsel	 	 	 	 	 	 

Date: April 27, 2010

 

12

 

EXHIBIT A to

THIRD AMENDMENT

to the

COMPOSITE LEASE AGREEMENT

By and Between

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

and

FEDERAL EXPRESS CORPORATION

Effective as of July 1, 2009

 

Project Manual entitled “Hangar 21, 2457 Democrat Road; Modifications to Hangar 24 — 2443A Democrat
Road, Feeder OPS — 2443B Democrat Road, Hangar 25 — 2443C Democrat Road, Hangar 27 — 2439 Democrat
Road, Memphis HUB, Memphis International Airport, Memphis, Tennessee,” prepared by Renaissance
Group and dated February 15, 2010.

Drawings entitled “Construction Documents for the New Construction of FedEx Corporate Aviation
Hangar 21, Memphis International Airport, 2457 Democrat Road, Memphis, Tennessee, and Modifications
to Hangar 24- 2443A Democrat Road, Feeder OPS — 2443B Democrat Road, Hangar 25 — 2443C Democrat
Road, Hangar 27 — 2439 Democrat Road”, prepared by Renaissance Group, Chad Stewart & Associates,
Thompson Engineers, and Engineering Design Consultants, dated February 15, 2010, most recently
revised April 1, 2010, and consisting of the following sheets:

	 	 	 
	G0.1

	 	COVER SHEET
	 
	 	 
	CIVIL
	C1.1

	 	DEMOLITION PLAN
	C2.1

	 	SITE PLAN
	C2.2

	 	FENCE PLAN
	C2.3

	 	JOINT & SLAB LAYOUT PLAN
	C3.1

	 	GRADING & DRAINAGE PLAN
	C4.1

	 	EROSION CONTROL & SWPPP PLAN — PHASE 1
	C4.2

	 	EROSION CONTROL & SWPPP PLAN — PHASE 2
	C5.1

	 	UTILITY PLAN
	C5.2

	 	FIBER OPTIC PLAN
	C6.1

	 	PLAN & PROFILE OFFSTREET DRAINAGE
	C7.1

	 	JOINT, SLAB & PAVING DETAILS
	C7.2

	 	FENCE & SITE DETAILS
	C7.3

	 	SITE DETAILS
	C7.4

	 	SITE DETAILS

 

13

 

	 	 	 
	ARCHITECTURAL
	D1.1

	 	DEMOLITION PLAN
	A1.1

	 	SITE PLAN
	A2.1

	 	OVERALL FLOOR PLAN
	A2.2A

	 	FLOOR PLAN — AREA A
	A2.2B

	 	FLOOR PLAN — AREA B
	A2.3

	 	OVERALL REFLECTED CEILING PLAN
	A2.4A

	 	REFLECTED CEILING PLAN — AREA A
	A2.4B

	 	REFLECTED CEILING PLAN — AREA B
	A2.5

	 	ROOF PLAN
	A3.1

	 	EXTERIOR ELEVATIONS
	A3.2

	 	EXTERIOR ELEVATIONS
	A4.1

	 	BUILDING SECTIONS
	A4.2

	 	WALL SECTIONS
	A4.3

	 	WALL SECTIONS & DETAILS
	A5.1

	 	ENLARGED PLANS
	A6.1

	 	DOOR SCHEDULE & DETAILS
	 
	 	 
	STRUCTURAL
	S1.1

	 	GENERAL NOTES
	S1.2

	 	GENERAL DETAILS
	S2.1

	 	FOUNDATION PLAN — AREA A
	S2.2

	 	FOUNDATION PLAN — AREA B
	S3.1

	 	DOOR FRAMING PLAN
	S3.2

	 	MEZZANINE FRAMING PLAN
	S3.3

	 	ROOF FRAMING PLAN — AREA A
	S3.4

	 	ROOF FRAMING PLAN — AREA B
	S4.1

	 	FOUNDATION SECTIONS
	S4.2

	 	FOUNDATION SECTIONS
	S5.1

	 	FRAMING SECTIONS
	S5.2

	 	FRAMING SECTIONS
	S5.3

	 	FRAMING SECTIONS
	S5.4

	 	BUILDING SECTION
	 
	 	 
	FIRE PROTECTION
	FPPM1.0

	 	DIVISION 1500 STANDARD SYMBOLS DRAWING
	FPPM1.1

	 	SITE PLAN — FIRE PROTECTION & PLUMBING
	FP1.1A

	 	FLOOR PLAN AREA A — FIRE PROTECTION
	FP1.1B

	 	FLOOR PLAN AREA B — FIRE PROTECTION
	FP1.3

	 	ENLARGED FLOOR PLAN HANGAR 21 FIRE PROTECTION ROOM — FIRE PROTECTION
	 
	 	 
	PLUMBING
	P1.1A

	 	FLOOR PLAN AREA A — PLUMBING
	P1.1B

	 	FLOOR PLAN AREA B — PLUMBING
	P2.1

	 	SCHEDULES & RISER — PLUMBING
	P3.1

	 	DETAILS — PLUMBING
	P3.2

	 	DETAILS — PLUMBING

 

14

 

	 	 	 
	MECHANICAL

	 	 
	M1.1A

	 	FLOOR PLAN AREA A — HVAC
	M1.1B

	 	FLOOR PLAN AREA B — HVAC
	M2.1

	 	SCHEDULES — HVAC
	M3.1

	 	DETAILS — HVAC
	M3.2

	 	DETAILS — HVAC
	M3.3

	 	DETAILS — HVAC
	M3.4

	 	DETAILS — HVAC
	M3.5

	 	DETAILS — HVAC
	M3.6

	 	DETAILS — HVAC
	M3.7

	 	DETAILS — HVAC
	M3.8

	 	DETAILS — HVAC
	 
	 	 
	ELECTRICAL
	E0.1

	 	SITE PLAN — HANGAR 21 ELECTRICAL
	E1.1

	 	PARTIAL 1ST FLOOR PLAN — AREA A — HANGAR 21 LIGHTING
	E1.2

	 	PARTIAL 1ST FLOOR PLAN — AREA B — HANGAR 21 LIGHTING
	E2.1

	 	PARTIAL 1ST FLOOR PLAN — AREA A — HANGAR 21 ELECTRICAL
	E2.2

	 	PARTIAL 1ST FLOOR PLAN — AREA B — HANGAR 21 ELECTRICAL
	E2.3

	 	PARTIAL FLOOR PLANS — HANGAR 21 ELECTRICAL
	E2.4

	 	ROOF PLAN — HANGAR 21 LIGHTNING PROTECTION
	E3.1

	 	PARTIAL 1ST FLOOR PLAN — AREA A — HANGAR 21 ACCESS CONTROL & CCTV
	E3.2

	 	PARTIAL 1ST FLOOR PLAN — AREA B — HANGAR 21 ACCESS CONTROL & CCTV
	E4.1

	 	PARTIAL 1ST FLOOR PLAN — AREA A — HANGAR 21 LEGEND & FIXTURE SCHEDULE
	E4.2

	 	PARTIAL 1ST FLOOR PLAN — AREA A — HANGAR 21 LEGEND & FIXTURE SCHEDULE
	E4.3

	 	PARTIAL 1ST FLOOR PLAN — AREA A — HANGAR 21 LEGEND & FIXTURE SCHEDULE
	E5.1

	 	ONE LINE POWER DIAGRAM
	E5.2

	 	PANELBOARD SCHEDULES
	E5.3

	 	PANELBOARD SCHEDULES
	E5.4

	 	GROUNDING DETAILS
	E5.5

	 	INSTALLATION DETAILS
	E5.6

	 	INSTALLATION DETAILS
	E5.7

	 	HEAT TRACING DETAILS
	E5.8

	 	HEAT TRACING DETAILS AND GROUNDING DETAIL
	E5.9

	 	ELECTRICAL INSTALLATION DETAILS
	E5.10

	 	ELECTRICAL INSTALLATION DETAILS
	E5.11

	 	INTERCOM INSTALLATION DETAILS
	 
	 	 
	HANGAR 24, 25, AND 27 DOCUMENTS

 

15

 

	 	 	 
	ARCHITECTURAL

	A1.1

	 	SITE PLAN
	A2.1.24

	 	EXISTING FLOOR PLAN — HANGAR 24
	A2.2.24

	 	EXISTING ROOF PLAN — HANGAR 24
	A3.1.24

	 	EXISTING ELEVATIONS — HANGAR 24
	A2.1.25

	 	EXISTING FLOOR PLAN — HANGAR 25
	A2.2.25

	 	EXISTING ROOF PLAN — HANGAR 25
	A3.1.25

	 	EXISTING ELEVATIONS — HANGAR 25
	A2.1.27

	 	EXISTING FLOOR PLAN — HANGAR 27
	A2.2.27

	 	EXISTING ROOF PLAN — HANGAR 27
	A3.1.27

	 	EXISTING ELEVATIONS — HANGAR 27
	 
	 	 
	FIRE PROTECTION
	FP1.2A

	 	EXISTING STORAGE HANGARS — AREA A — FIRE PROTECTION
	FP1.2B

	 	EXISTING STORAGE HANGARS — AREA B — FIRE PROTECTION
	 
	 	 
	PLUMBING
	P1.1

	 	FLOOR PLAN — PLUMBING
	 
	 	 
	MECHANICAL
	M1.1

	 	FLOOR PLAN — HVAC
	M2.1

	 	HVAC SCHEDULES AND DETAILS
	 
	 	 
	ELECTRICAL
	E0.1

	 	SITE PLAN — ELECTRICAL
	E1.1

	 	FLOOR PLAN — DEMOLITION
	E2.1

	 	FLOOR PLAN — ELECTRICAL
	E2.2

	 	PARTIAL FLOOR PLAN — ELECTRICAL
	E2.3

	 	FLOOR PLAN — ELECTRICAL
	E2.4

	 	FLOOR PLAN HANGAR 24 — ELECTRICAL
	E2.5

	 	FLOOR PLAN FEEDER CITY — ELECTRICAL
	E3.1

	 	LEGEND AND SCHEDULES
	E4.1

	 	ONE-LINE DIAGRAM — DEMOLITION

 

16

 

FEDERAL EXPRESS CORPORATION    

2003 CORPORATE AVENUE-B3    

MEMPHIS, TN 38132

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	SUMMARY	 	 	 	 	 	 	 	 	 	 
	 	 	FEDEX	 	 	 	 	 	 	 	 	 	 	 	EFFECTIVE	 	 	EFFECTIVE DATES	 	 	2008	 	2009	 	 	 	 
	PARCEL	 	LEASE	 	 	 	 	 	EFFECTIVE	 	SQUARE	 	 	DATE	 	 	Billing from 2007 forward	 	 	EFFECTIVE JULY 2008	 	 	7/1/2008(3)	 	EFFECTIVE JULY 2009	 	 	7/01/2013(3)	 
	NUMBER	 	NUMBER	 	SUPPLEMENTAL	 	USE OR LOCATION	 	DATE	 	FEET	 	 	RATE	 	 	MONTHLY	 	 	ANNUAL	 	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	ESCALATION	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	ESCALATION	 
	1
	 	07-0958	 	N/A	 	TAXIWAY N	 	2/1/2009	 	 	100,035	 	 	$	0.1906	 	 	$	1,588.89	 	 	$	19,066.67	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	N/A	 	$	0.1906	 	 	$	1,588.89	 	 	$	19,066.67	 	 	CPI OR 13%
	2
	 	07-0959	 	SUPPLEMENTAL 26	 	AMR FACILITIES/LANDLOCKED PARCELS	 	1/1/2007	 	 	1,082,446	 	 	Varies	 	 	$	30,869.35	 	 	$	370,432.20	 	 	Varies	 	 	$	35,497.91	 	 	$	425,974.92	 	 	15	%	Varies (1)	 	$	34,175.41	 	 	$	410,104.92	 	 	CPI OR 13%
	3
	 	07-0960	 	SUPPLEMENTALS	 	WEST RAMP	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	18, 19, 20, 21, 22 & 23	 	UNIMPROVED GROUND	 	1/1/2007	 	 	3,111,647	 	 	$	0.1525	 	 	$	39,543.85	 	 	$	474,526.17	 	 	$	0.1906	 	 	$	49,423.33	 	 	$	593,079.92	 	 	N/A	 	$	0.1906	 	 	$	49,423.33	 	 	$	593,079.92	 	 	CPI OR 13%
	 
	 	 	 	22, 24 & 25	 	UNIMPROVED GROUND	 	1/1/2007	 	 	914,283	 	 	$	0.1525	 	 	$	11,619.01	 	 	$	139,428.16	 	 	$	0.1906	 	 	$	14,521.86	 	 	$	174,262.34	 	 	N/A	 	$	0.1906	 	 	$	14,521.86	 	 	$	174,262.34	 	 	CPI OR 13%
	4
	 	07-0961	 	N/A	 	TAXIWAY C	 	2/1/2009	 	 	731,098	 	 	$	0.2400	 	 	$	14,621.96	 	 	$	175,463.52	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	N/A	 	$	0.2400	 	 	$	14,621.96	 	 	$	175,463.52	 	 	CPI OR 13%
	5
	 	07-0962	 	SUPPLEMENTAL 13	 	UNIMPROVED APRON/GRACELAND RAMP	 	1/1/2007	 	 	515,496	 	 	$	0.1525	 	 	$	6,551.10	 	 	$	78,613.14	 	 	$	0.1906	 	 	$	8,187.79	 	 	$	98,253.48	 	 	N/A	 	$	0.1906	 	 	$	8,187.79	 	 	$	98,253.48	 	 	CPI OR 13%
	 
	 	 	 	SUPPLEMENTAL 17	 	UNIMPROVED APRON/SIERRA RAMP	 	1/1/2007	 	 	 	 	 	$	0.1525	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	CPI OR 13%
	6
	 	07-0963	 	AGREEMENT #92-0833	 	IRS/AOD	 	1/1/2007	 	 	2,248,286	 	 	 	N/A 	(6)	 	$	125,000.00	 	 	$	1,500,000.00	 	 	 	N/A 	(6)	 	$	125,000.00	 	 	$	1,500,000.00	 	 	N/A 	(6)	 	N/A 	(6)	 	$	125,000.00	 	 	$	1,500,000.00	 	 	 	15% 	(7)
	7
	 	07-0964	 	SOUTHWIDE #90-0242	 	GRAEBER ASSIGNMENT	 	1/1/2007	 	 	427,030	 	 	 	N/A 	(6)	 	$	2,506.15	 	 	$	30,073.80	 	 	 	N/A 	(6)	 	$	2,506.15	 	 	$	30,073.80	 	 	N/A 	(6)	 	N/A 	(6)	 	$	2,506.15	 	 	$	30,073.80	 	 	CPI OR 13%
	8
	 	07-0965	 	SOUTHWIDE ASGMT. #80-0223	 	EQUITABLE LIFE	 	1/1/2007	 	 	451,370	 	 	 	N/A 	(6)	 	$	2,340.16	 	 	$	28,081.92	 	 	 	N/A 	(6)	 	$	2,340.16	 	 	$	28,081.92	 	 	N/A	(6)	 	N/A 	(6)	 	$	2,340.16	 	 	$	28,081.92	 	 	CPI OR 13%
	9
	 	07-0966	 	SUPPLEMENTAL 15 (INTERNATIONAL PARK)	 	FEDEX PARKING - TCHULAHOMA	 	1/1/2007	 	 	833,458	 	 	$	0.2673	 	 	$	18,565.28	 	 	$	222,783.32	 	 	$	0.2673	 	 	$	18,565.28	 	 	$	222,783.32	 	 	N/A	 	$	0.2673	 	 	$	18,565.28	 	 	$	222,783.32	 	 	CPI OR 13%
	10
	 	07-0967	 	SUPPLEMENTAL 16 (INTERNATIONAL PARK)	 	FEDEX CONSTRUCTION STORAGE AREA	 	1/1/2007(2)	 	 	140,617	 	 	$	0.2673	 	 	$	3,132.24	 	 	$	37,586.92	 	 	$	0.2673	 	 	$	3,132.24	 	 	$	37,586.92	 	 	N/A	 	$	0.2673	 	 	$	3,132.24	 	 	$	37,586.92	 	 	CPI OR 13%
	11
	 	07-0968	 	SUPPLEMENTAL 13	 	UNIMPROVED GROUND/GSE STORAGE	 	1/1/2007	 	 	187,217	 	 	$	0.1525	 	 	$	2,379.22	 	 	$	28,550.59	 	 	$	0.1906	 	 	$	2,973.63	 	 	$	35,683.56	 	 	N/A	 	$	0.1906	 	 	$	2,973.63	 	 	$	35,683.56	 	 	CPI OR 13%
	12
	 	07-0969	 	SUPPLEMENTAL 27	 	A-380 GSE STORAGE	 	12/01/07	 	 	187,618	 	 	$	0.1525	 	 	$	2,384.31	 	 	$	28,611.75	 	 	$	0.1525	 	 	$	2,384.31	 	 	$	28,611.75	 	 	N/A	 	$	0.1525	 	 	$	2,384.31	 	 	$	28,611.75	 	 	CPI OR 13%
	13
	 	07-0970	 	SUPPLEMENTAL 23	 	A-380 RAMP	 	1/1/2007	 	 	1,897,879	 	 	$	0.1220	 	 	$	19,295.10	 	 	$	231,541.24	 	 	$	0.1220	 	 	$	19,295.10	 	 	$	231,541.24	 	 	N/A	 	$	0.1220	 	 	$	19,295.10	 	 	$	231,541.24	 	 	CPI OR 13%
	 
	 	 	 	SUPPLEMENTAL 25	 	A-380 GSE RAMP	 	1/1/2007	 	 	319,113	 	 	$	0.1525	 	 	$	4,055.39	 	 	$	48,664.73	 	 	$	0.1906	 	 	$	5,068.58	 	 	$	60,822.94	 	 	N/A	 	$	0.1906	 	 	$	5,068.58	 	 	$	60,822.94	 	 	CPI OR 13%
	14
	 	07-0971	 	SUPPLEMENTAL 14	 	UNIMPROVED APRON/DE-ICING EQUIPMENT STORAGE	 	1/1/2007	 	 	428,616	 	 	$	0.1525	 	 	$	5,447.00	 	 	$	65,363.94	 	 	$	0.1906	 	 	$	6,807.85	 	 	$	81,694.21	 	 	N/A	 	$	0.1906	 	 	$	6,807.85	 	 	$	81,694.21	 	 	CPI OR 13%
	15
	 	07-0972	 	N/A	 	SPRANKLE ROAD	 	1/1/2007	 	 	200,695	 	 	$	0.0000	 	 	$	0.00	 	 	$	0.00	 	 	$	0.0000	 	 	$	0.00	 	 	$	0.00	 	 	N/A	 	$	0.0000	 	 	$	0.00	 	 	$	0.00	 	 	 	N/A	 
	16
	 	07-0973	 	N/A	 	REPUBLIC ROAD	 	1/1/2007	 	 	113,179	 	 	$	0.0000	 	 	$	0.00	 	 	$	0.00	 	 	$	0.0000	 	 	$	0.00	 	 	$	0.00	 	 	N/A	 	$	0.0000	 	 	$	0.00	 	 	$	0.00	 	 	 	N/A	 
	17
	 	07-0974	 	SUPPLEMENTALS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	1 Parcel 1, 2, 3, 4, 6 & 9 (UNIMP GROUND)	 	 	 	1/1/2007	 	 	1,662,877	 	 	$	0.1525	 	 	$	21,132.40	 	 	$	253,588.74	 	 	$	0.1906	 	 	$	26,412.03	 	 	$	316,944.36	 	 	N/A	 	$	0.1906	 	 	$	26,412.03	 	 	$	316,944.36	 	 	CPI OR 13%
	 
	 	 	 	1 Parcel 1, 2, 7, 9 (IMP APRON)	 	 	 	1/1/2007	 	 	1,908,290	 	 	$	0.1906	 	 	$	30,310.01	 	 	$	363,720.07	 	 	$	0.2383	 	 	$	37,895.46	 	 	$	454,745.51	 	 	N/A	 	$	0.2383	 	 	$	37,895.46	 	 	$	454,745.51	 	 	CPI OR 13%
	 
	 	 	 	Parcel 5 (INTERNATIONAL PARK)	 	 	 	1/1/2007	 	 	24,000	 	 	$	0.2673	 	 	$	534.60	 	 	$	6,415.20	 	 	$	0.3341	 	 	$	668.25	 	 	$	8,019.00	 	 	25	%	$	0.3341	 	 	$	668.25	 	 	$	8,019.00	 	 	CPI OR 13%
	 
	 	 	 	1 Parcel 8 (INTERNATIONAL PARK)	 	FUEL TANKS	 	1/1/2007	 	 	247,254	 	 	$	0.2673	 	 	$	5,507.58	 	 	$	66,090.99	 	 	$	0.3341	 	 	$	6,884.48	 	 	$	82,613.74	 	 	25	%	$	0.3341	 	 	$	6,884.48	 	 	$	82,613.74	 	 	CPI OR 13%
	 
	 	 	 	1 & 8 Parcel 12 (INETRNATIONAL PARK)	 	ARTC TRAINING BUILDING	 	1/1/2007	 	 	117,915	 	 	$	0.2673	 	 	$	2,626.56	 	 	$	31,518.68	 	 	$	0.3341	 	 	$	3,283.20	 	 	$	39,398.35	 	 	25	%	$	0.3341	 	 	$	3,283.20	 	 	$	39,398.35	 	 	CPI OR 13%
	 
	 	 	 	1 & 8 Parcel 11 (INTERNATIONAL PARK)	 	GAS STATION	 	1/1/2007	 	 	45,359	 	 	$	0.2673	 	 	$	1,010.37	 	 	$	12,124.46	 	 	$	0.3341	 	 	$	1,262.96	 	 	$	15,155.58	 	 	25	%	$	0.3341	 	 	$	1,262.96	 	 	$	15,155.58	 	 	CPI OR 13%
	 
	 	 	 	8 Parcel 9 (INTERNATIONAL PARK)	 	SOUTH RAMP, COURTYARD, SOUTHGATES	 	1/1/2007	 	 	1,586,172	 	 	$	0.2673	 	 	$	35,331.98	 	 	$	423,983.78	 	 	$	0.3341	 	 	$	44,164.98	 	 	$	529,979.72	 	 	25	%	$	0.3341	 	 	$	44,164.98	 	 	$	529,979.72	 	 	CPI OR 13%
	 
	 	 	 	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	%	$	0.3341	 	 	$	1,954.63	 	 	$	23,455.58	 	 	CPI OR 13%
	 
	 	 	 	Parcel 17 (INTERNATIONAL PARK)	 	NORTH INPUT, PRIMARY SORT,	 	1/1/2007	 	 	4,333,659	 	 	$	0.2673	 	 	$	96,532.25	 	 	$	1,158,387.05	 	 	$	0.3341	 	 	$	120,665.32	 	 	$	1,447,983.81	 	 	25	%	$	0.3341	 	 	$	120,665.32	 	 	$	1,447,983.81	 	 	CPI OR 13%
	 
	 	 	 	 	 	SMALL PACKAGE SORT SYSTEM,	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	INTERNATIONAL INPUT, HEAVY WEIGHT, EAST RAMP	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	TAB-LINE MAINTENANCE	 	1/1/2007	 	 	556,334	 	 	$	0.2673	 	 	$	12,392.34	 	 	$	148,708.08	 	 	$	0.3341	 	 	$	15,490.42	 	 	$	185,885.10	 	 	25	%	$	0.3341	 	 	$	15,490.42	 	 	$	185,885.10	 	 	CPI OR 13%
	 
	 	 	 	10 Parcel 27A (IMP APRON)	 	PARCEL 27A	 	1/1/2007	 	 	487,512	 	 	$	0.1906	 	 	$	7,743.32	 	 	$	92,919.79	 	 	$	0.2383	 	 	$	9,681.18	 	 	$	116,174.11	 	 	N/A	 	$	0.2383	 	 	$	9,681.18	 	 	$	116,174.11	 	 	CPI OR 13%
	 
	 	 	 	11 Parcel A & B West (UNIMP GROUND)	 	NORTH RAMP	 	1/1/2007	 	 	527,676	 	 	$	0.1525	 	 	$	6,705.88	 	 	$	80,470.59	 	 	$	0.1906	 	 	$	8,381.25	 	 	$	100,575.05	 	 	N/A	 	$	0.1906	 	 	$	8,381.25	 	 	$	100,575.05	 	 	CPI OR 13%
	 
	 	 	 	5 Parcel 16 (INTERNATIONAL PARK)	 	 	 	1/1/2007	 	 	796,312	 	 	$	0.2673	 	 	$	17,737.85	 	 	$	212,854.20	 	 	$	0.3341	 	 	$	22,172.31	 	 	$	266,067.75	 	 	25	%	$	0.3341	 	 	$	22,172.31	 	 	$	266,067.75	 	 	CPI OR 13%
	 
	 	 	 	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	%	$	0.1286	 	 	$	2,802.53	 	 	$	33,630.32	 	 	CPI OR 13%
	 
	 	 	 	SUPPLEMENTAL 9 (INTERNATIONAL PARK)	 	PARKING AREA	 	1/1/2007	 	 	18,933	 	 	$	0.2673	 	 	$	421.73	 	 	$	5,060.79	 	 	$	0.3341	 	 	$	527.17	 	 	$	6,325.99	 	 	25	%	$	0.3341	 	 	$	527.17	 	 	$	6,325.99	 	 	CPI OR 13%

 

17

 

FEDERAL EXPRESS CORPORATION

2003 CORPORATE AVENUE-B3

MEMPHIS, TN  38132

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	SUMMARY	 	 	 	 	 	 	 	 	 	 
	 	 	FEDEX	 	 	 	 	 	 	 	 	 	 	 	EFFECTIVE	 	 	EFFECTIVE DATES	 	 	2008	 	2009	 	 	 	 
	PARCEL	 	LEASE	 	 	 	 	 	EFFECTIVE	 	SQUARE	 	 	DATE	 	 	Billing from 2007 forward	 	 	EFFECTIVE JULY 2008	 	 	7/1/2008
(3)	 	EFFECTIVE JULY 2009	 	 	7/01/2013 (3)	 
	NUMBER	 	NUMBER	 	SUPPLEMENTAL	 	USE OR LOCATION	 	DATE	 	FEET	 	 	RATE	 	 	MONTHLY	 	 	ANNUAL	 	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	ESCALATION	 	RATES	 	 	MONTHLY	 	 	ANNUAL	 	 	ESCALATION	 
	18
	 	07-0975	 	SUPPLEMENTAL 8 (INTERNATIONAL PARK)	 	DC-10 HANGAR  (LAND)	 	1/1/2007	 	 	552,730	 	 	$	0.2673	 	 	$	12,312.06	 	 	$	147,744.73	 	 	$	0.2673	 	 	$	12,312.06	 	 	$	147,744.73	 	 	N/A	 	$	0.2673	 	 	$	12,312.06	 	 	$	147,744.73	 	 	CPI OR 13	%
	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	 	 	$	7,599.69	 	 	$	91,196.28	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	N/A	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	CPI OR 13	%
	 
	 	 	 	CONSTRUCTED ON PARCEL 18	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	19
	 	07-0977	 	SUPPLEMENTAL 8 (INTERNATIONAL PARK)	 	ENGINE SHOP	 	1/1/2007	 	 	418,016	 	 	$	0.2673	 	 	$	9,311.31	 	 	$	111,735.68	 	 	$	0.2673	 	 	$	9,311.31	 	 	$	111,735.68	 	 	N/A	 	$	0.2673	 	 	$	9,311.31	 	 	$	111,735.68	 	 	CPI OR 13	%
	20
	 	07-0978	 	SUPPLEMENTAL 27	 	WEST SIDE OF TANG	 	3/1/2008	 	 	108,051	 	 	$	0.1525	 	 	$	1,373.15	 	 	$	16,477.78	 	 	$	0.1525	 	 	$	1,373.15	 	 	$	16,477.78	 	 	N/A	 	$	0.1525	 	 	$	1,373.15	 	 	$	16,477.78	 	 	CPI OR 13	%
	21
	 	07-0979	 	SUPPLEMENTAL 7	 	DEMOCRAT VEHICLE PARKING	 	1/1/2007	 	 	1,812,363	 	 	$	0.1525	 	 	$	23,032.11	 	 	$	276,385.36	 	 	$	0.1906	 	 	$	28,786.37	 	 	$	345,436.39	 	 	N/A	 	$	0.1906	 	 	$	28,786.37	 	 	$	345,436.39	 	 	CPI OR 13	%
	22
	 	07-0980	 	SUPPLEMENTAL 9	 	DEMOCRAT VEHICLE PARKING	 	1/1/2007	 	 	491,127	 	 	$	0.1525	 	 	$	6,241.41	 	 	$	74,896.87	 	 	$	0.1906	 	 	$	7,800.73	 	 	$	93,608.81	 	 	N/A	 	$	0.1906	 	 	$	7,800.73	 	 	$	93,608.81	 	 	CPI OR 13	%
	23
	 	07-0981	 	N/A	 	TAXIWAY SIERRA	 	2/1/2009	 	 	248,711	 	 	$	0.2400	 	 	$	4,974.22	 	 	$	59,690.64	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	N/A	 	$	0.2400	 	 	$	4,974.22	 	 	$	59,690.64	 	 	CPI OR 13	%
	24
	 	07-0982	 	 	 	SORT FACILITY	 	9/01/2009(5)	 	 	292,000	 	 	$	1.2600	 	 	$	30,660.00	 	 	$	367,920.00	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	N/A	 	$	1.2600	 	 	 	N/A	 	 	 	N/A	 	 	CPI OR 13	%

	 	 	 
	Note 1:
	 
	(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.
	 
	(b)	 	As of the later to occur of August 1, 2010, or 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.
	 
	(c)	 	As of the later to occur of August 1, 2010, or
Tenant’s beneficial 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).
	 
	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.
	 
	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.
	 
	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.
	 
	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.
	 
	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.
	 
	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.

	 	 	 	 	 	 	 
	RATE & RATE ESCALATION	 	CURRENT RATES	 	 	7/1/2013
	IMPROVED GROUND
	 	$	0.2383	 	 	CPI-U
	UNIMPROVED GROUND
	 	$	0.1906	 	 	CPI-U

 

18Exhibit 10.22

Exhibit 10.22

Supplemental Agreement No. 6

to

Purchase Agreement No. 3157

between

The Boeing Company

And

Federal Express Corporation

Relating to Boeing Model 777-FREIGHTER Aircraft

THIS SUPPLEMENTAL AGREEMENT, entered into as of the 17th day of March 2010, by and
between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer);

W I T N E S S E T H:

WHEREAS, the parties entered into that certain Purchase Agreement No. 3157, dated November 7,
2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER
Aircraft (the Aircraft);

WHEREAS, the parties entered into an Aircraft General Terms Agreement, dated November 7, 2006,
as incorporated by reference into the Purchase Agreement (AGTA);

WHEREAS, Customer anticipates, pursuant to that certain Purchase Agreement Assignment between
[ * ] and Customer (Assignment Agreement), taking delivery from Boeing of one (1) new Boeing model
777-F aircraft with manufacturing serial number [ * ]; and

WHEREAS, Boeing and Customer desire that, for the purposes of post-delivery support and
operation, [ * ].

	 	 	 
	*	 	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.

P.A. 3157

Supplemental Agreement #6

 

S6 - 1

 

Supplemental Agreement 6 to

Purchase Agreement No. 3157

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto
agree to supplement the Purchase Agreement as follows:

All terms used herein and in the Purchase Agreement, and not defined herein, shall have the
same meaning as in the Purchase Agreement.

[ * ]

8. Effectiveness.

The matters, rights, obligations, mutual covenants and entitlements of Boeing and Customer shall be
effective upon Customer taking title to [ * ]. Should Customer not take title to [ * ] pursuant to
the Assignment Agreement, for any reason, the matters, rights, obligations, mutual covenants and
entitlements of Boeing and Customer set forth in this Supplemental Agreement shall be null and
void.

EXECUTED as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	THE BOEING COMPANY	 	 	 	FEDERAL EXPRESS CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Christopher L. Odegard
	 	 	 	By:
	 	/s/ Phillip C. Blum
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Its:

	 	Attorney-In-Fact
	 	 	 	Its:
	 	Vice President —
	 

	 	 	 	 	 	 	 	Aircraft Acquisitions/SAO

	 	 	 
	*	 	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.

P.A. 3157

Supplemental Agreement #6

 

S6 - 2

 

Supplemental Agreement No. 7

to

Purchase Agreement No. 3157

between

The Boeing Company

And

Federal Express Corporation

Relating to Boeing Model 777-FREIGHTER Aircraft

THIS SUPPLEMENTAL AGREEMENT, entered into as of the 17th day of March 2010, by and
between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer);

W I T N E S S E T H:

WHEREAS, the parties entered into that certain Purchase Agreement No. 3157, dated November 7,
2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER
Aircraft (the Aircraft);

WHEREAS, the parties entered into an Aircraft General Terms Agreement, dated November 7, 2006,
as incorporated by reference into the Purchase Agreement (AGTA);

WHEREAS, Customer anticipates acquiring and taking delivery of one (1) used Boeing model 777-F
aircraft with manufacturing serial number [ * ];

WHEREAS, Boeing and Customer desire that, for the convenience of the parties, for purposes of
post-delivery support and operation of [ * ].

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto
agree to supplement the Purchase Agreement as follows:

	 	 	 
	*	 	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.

P.A. 3157

Supplemental Agreement #7

 

S7 - 1

 

Supplemental Agreement 7 to

Purchase Agreement No. 3157

All terms used herein and in the Purchase Agreement, and not defined herein, shall have the
same meaning as in the Purchase Agreement.

[ * ]

10. Effectiveness.

The matters, rights, obligations, mutual covenants and entitlements of Boeing and Customer shall be
effective upon Customer taking title to [ * ]. Customer agrees to provide written notice to Boeing
regarding the date Customer takes title to [ * ]. Should Customer not take title to [ * ], for any
reason, the matters, rights, obligations, mutual covenants and entitlements of Boeing and Customer
set forth in this Supplemental Agreement shall be null and void.

EXECUTED as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	THE BOEING COMPANY	 	 	 	FEDERAL EXPRESS CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Christopher L. Odegard
 

	 	 	 	By:
	 	/s/ Phillip C. Blum
 

	 
	 	 	 	 	 	 	 	 
	Its:

	 	Attorney-In-Fact
	 	 	 	Its:
	 	Vice President —
	 

	 	 	 	 	 	 	 	Aircraft Acquisitions/SAO

	 	 	 
	*	 	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.

P.A. 3157

Supplemental Agreement #7

 

S7 - 2

 

Supplemental Agreement No. 8

to

Purchase Agreement No. 3157

between

The Boeing Company

And

Federal Express Corporation

Relating to Boeing Model 777-FREIGHTER Aircraft

THIS SUPPLEMENTAL AGREEMENT, entered into as of the 30th day of April 2010, by and
between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer);

W I T N E S S E T H:

WHEREAS, the parties entered into that certain Purchase Agreement No. 3157, dated November 7,
2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER
Aircraft (the Aircraft); and

WHEREAS, Customer desires to add four (4) new Aircraft to the Purchase Agreement with delivery
months as follows;

	 
	Delivery Month for
	new Aircraft
	 
	[ * ]
	[ * ]
	[ * ]
	[ * ]

	 	 	 
	*	 	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.

 

S8 - 1

 

Supplemental Agreement 8 to

Purchase Agreement No. 3157

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto
agree to supplement the Purchase Agreement as follows:

All terms used herein and in the Purchase Agreement, and not defined herein, shall have the
same meaning as in the Purchase Agreement.

	1.	 	Remove and replace, in its entirety, the “Table of Contents” with the revised Table of
Contents attached hereto to reflect the changes made by this Supplemental Agreement No. 8.
	 
	2.	 	Customer and Boeing hereby acknowledge and confirm that four (4) new Aircraft with delivery
months of [ * ], [ * ], [ * ] and [ * ] are hereby added to the Purchase Agreement and will be
collectively called Block C Aircraft (Block C).
	 
	3.	 	Table 1-C attached hereto is hereby added to the Purchase Agreement to incorporate the
delivery dates and pricing of the Block C Aircraft.
	 
	4.	 	Customer and Boeing agree that the Block C Aircraft will be subject to and benefit from the
same terms and conditions as the Aircraft except as set forth herein and in writing signed by
the authorized representatives of the parties.
	 
	5.	 	Customer and Boeing agree that the Block C Aircraft will be treated exactly as Block B
Aircraft except:

	 	5.1	 	Delivery dates and pricing of Block C Aircraft will be determined by Table 1-C.
	 
	 	5.2	 	Letter Agreement FED-PA—LA-1000790 titled “Special Matters for Block C Aircraft”
attached hereto is hereby added to the Purchase Agreement to reflect certain agreements
between Customer and Boeing with respect to Block C Aircraft.
	 
	 	5.3	 	Letter Agreement 6-1162-RRO-1066 “Special Matters for Block B Aircraft” shall not
apply to the Block C Aircraft.
	 
	 	5.4	 	Letter Agreement 6-1162-RRO-1068 titled “Special Provision — Block B Aircraft” shall
not apply to the Block C Aircraft.
	 
	 	5.5	 	Letter Agreement [ * ] titled [ * ] shall not apply to the Block C Aircraft.

	 	 	 
	*	 	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.

 

S8 - 2

 

Supplemental Agreement 8 to

Purchase Agreement No. 3157

	 	5.6	 	Letter Agreement 6-1162-RCN-1798R1 titled “777 Boeing Converted Freighter” shall not
apply to the Block C Aircraft.
	 
	 	5.7	 	The Aircraft Performance Guarantees detailed in Letter Agreement 6-1162-RCN-1791 are
applicable to the Block C Aircraft.
	 
	 	5.8	 	Letter Agreement 6-1162-RRO-1065 “Aircraft Performance Guarantees for Block B
Aircraft” shall not apply to the Block C Aircraft.

	6.	 	As a result of adding the Block C Aircraft to the Purchase Agreement, advance payments in the
amount of $[ * ] will be due concurrent with Customer’s written confirmation to Boeing as
detailed in Article 7 below.
	 
	7.	 	This Supplemental Agreement shall not be effective unless and until, and the matters
expressed herein are expressly conditioned upon, Customer receiving approval from the board of
directors of Customer’s parent company, FedEx Corporation. Should such approval not be
granted and confirmed in writing by Customer to Boeing by May 3, 2010, this Supplemental
Agreement shall automatically terminate and be null and void in all respects, and neither
party shall owe any obligation to the other party with respect to the matters expressed
herein; provided, however, no such termination shall otherwise impact the parties’ rights and
obligations existing under the Purchase Agreement prior to this Supplemental Agreement. For
the sake of clarity, neither party shall be deemed to be in default hereunder for failing to
have performed any obligation created under this Supplement Agreement, including without
limitation any payment obligation, prior to the receipt by Boeing of the aforementioned
written confirmation.

EXECUTED as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	THE BOEING COMPANY	 	 	 	FEDERAL EXPRESS CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Richard R. Ochs
	 	 	 	By:
	 	/s/ Phillip C. Blum
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Its:

	 	Attorney-In-Fact
	 	 	 	Its:
	 	Vice President —
	 

	 	 	 	 	 	 	 	Aircraft Acquisitions/SAO

	 	 	 
	*	 	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.

 

S8 - 3

 

Supplemental Agreement 8 to

Purchase Agreement No. 3157

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	SA	 
	 	 	NUMBER	 
	 
	 	 	 	 
	ARTICLES
	 	 	 	 
	 
	 	 	 	 
	1. Quantity, Model and Description
	 	 	 	 
	 
	 	 	 	 
	2. Delivery Schedule
	 	 	 	 
	 
	 	 	 	 
	3. Price
	 	 	 	 
	 
	 	 	 	 
	4. Payment
	 	 	 	 
	 
	 	 	 	 
	5. Miscellaneous
	 	 	 	 
	 
	 	 	 	 
	TABLE
	 	 	 	 
	 
	 	 	 	 
	1. Aircraft Information Table
	 	 	5	 
	 
	 	 	 	 
	1B Block B Aircraft Information Table
	 	 	4	 
	 
	 	 	 	 
	1C Block C Aircraft Information Table
	 	 	8	 
	 
	 	 	 	 
	EXHIBIT
	 	 	 	 
	 
	 	 	 	 
	A. Aircraft Configuration
	 	 	4	 
	 
	 	 	 	 
	A1. Aircraft Configuration (Block B Aircraft)
	 	 	4	 
	 
	 	 	 	 
	B. Aircraft Delivery Requirements and Responsibilities
	 	 	 	 
	 
	 	 	 	 
	SUPPLEMENTAL EXHIBITS
	 	 	 	 
	 
	 	 	 	 
	AE1. Escalation Adjustment/Airframe and Optional Features
	 	 	 	 
	 
	 	 	 	 
	CS1. Customer Support Variables
	 	 	 	 
	 
	 	 	 	 
	EE1. Engine Escalation/Engine Warranty and Patent Indemnity
	 	 	 	 
	 
	 	 	 	 
	SLP1. Service Life Policy Components
	 	 	 	 

					
	 	 	 	 	 
	P.A. No. 3157
	 	4
	 	SA 8
	 
	 	BOEING PROPRIETARY	 	 

 

 

 

Supplemental Agreement 8 to

Purchase Agreement No. 3157

	 	 	 	 	 	 	 
	 	 	 	 	SA
	 	 	 	 	NUMBER
	 
	 	 	 
	LETTER AGREEMENT

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	3157-01

	 	777 Spare Parts Initial Provisioning	 	 	 	 
	 
	 	 	 	 	 	 
	3157-02

	 	Demonstration Flight Waiver	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1785

	 	[ * ]	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1789

	 	Option Aircraft

Attachment to Letter 6-1162-RCN-1789
	 	Exercised
in SA # 4

	 
	 	 	 	 	 	 
	6-1162-RCN-1790

	 	Special Matters	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1791

	 	Performance Guarantees
	 	 	 	4
	 
	 	 	 	 	 	 
	6-1162-RCN-1792

	 	Liquidated Damages Non-Excusable

Delay	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1793

	 	Open Configuration Matters	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1795

	 	AGTA Amended Articles	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1796

	 	777 First-Look Inspection Program	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1797

	 	Licensing and Customer Supplemental Type
Certificates	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1798

	 	777 Boeing Converted Freighter
	 	Deleted in
SA # 4

	 
	 	 	 	 	 	 
	6-1162-RCN-1798 R1

	 	777 Boeing Converted Freighter
	 	 	 	4
	 
	 	 	 	 	 	 
	6-1162-RCN-1799

	 	[ * ]	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RRO-1062

	 	Option Aircraft
	 	 	 	4
	 
	 	 	 	 	 	 
	6-1162-RRO-1065

	 	Performance Guarantees for Block B Aircraft
	 	 	 	4
	 
	 	 	 	 	 	 
	6-1162-RRO-1066

	 	Special Matters for Block B Aircraft
	 	 	 	4
	 
	 	 	 	 	 	 
	6-1162-RRO-1067

	 	Special Matters for Option Aircraft detailed in

Letter Agreement 6-1162-RRO-1062
	 	 	 	 4
	 
	 	 	 	 	 	 
	6-1162-RRO-1068

	 	Special Provision — Block B Aircraft
	 	 	 	4	 
	 
	 	 	 	 	 	 
	FED-PA—LA-1000790

	 	Special Matters for Block C Aircraft
	 	 	 	8

	 	 	 
	*	 	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.

					
	 	 	 	 	 
	P.A. No. 3157
	 	5
	 	SA 8
	 
	 	BOEING PROPRIETARY	 	 

 

 

 

Supplemental Agreement 8 to

Purchase Agreement No. 3157

	 	 	 	 	 
	 	 	DATED AS OF:
	 
	 	 	 
	SUPPLEMENTAL AGREEMENTS
	 	 
	 
	 	 	 	 
	Supplemental Agreement No. 1
	 	May 12, 2008
	 
	 	 	 	 
	Supplemental Agreement No. 2
	 	July 14, 2008
	 
	 	 	 	 
	Supplemental Agreement No. 3
	 	December 15, 2008
	 
	 	 	 	 
	Supplemental Agreement No. 4
	 	January 9, 2009
	 
	 	 	 	 
	Supplemental Agreement No. 5
	 	January 11, 2010
	 
	 	 	 	 
	Supplemental Agreement No. 6
	 	March 17, 2010
	 
	 	 	 	 
	Supplemental Agreement No. 7
	 	March 17, 2010
	 
	 	 	 	 
	Supplemental Agreement No. 8
	 	April 30, 2010

					
	 	 	 	 	 
	P.A. No. 3157
	 	6
	 	SA 8
	 
	 	BOEING PROPRIETARY	 	 

 

 

 

Supplemental Agreement 8 to

Purchase Agreement No. 3157

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	D019W007FED7F-1,	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	Rev A dated Sept 9,	 	 	 	 	 	 	 	 
	Airframe Model/MTOW:
	 	777-Freighter	 	766000 pounds	 	Detail Specification:	 	 	 	2009	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Engine Model/Thrust:
	 	GE90-110B1L	 	110100 pounds	 	Airframe Price Base Year/Escalation Formula:	 	 	 	 	 	Jul-08	 	 	 	 	 	ECI-MFG/CPI
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Airframe Price:
	 	 	 	$	 	[ * ]	 	Engine Price Base Year/Escalation Formula:	 	 	 	 	 	N/A	 	 	 	 	 	N/A
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Optional Features:
	 	 	 	$	 	[ * ]	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-Total of Airframe and Features:
	 	 	 	$	 	[ * ]	 	Airframe Escalation Data:	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Engine Price (Per Aircraft):
	 	 	 	$	 	0	 	Base Year Index (ECI):	 	 	 	 	 	 	 	 	103.1	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Aircraft Basic Price (Excluding BFE/SPE):
	 	 	 	$	 	[ * ]	 	Base Year Index (CPI):	 	 	 	 	 	 	 	 	208.2	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Buyer Furnished Equipment (BFE) Estimate:
	 	 	 	$	 	[ * ]	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Seller Purchased Equipment (SPE) Estimate:
	 	 	 	$	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Non-Refundable Deposit/Aircraft at Def
Agreement:
	 	 	 	$	 	0	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Advance	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Payment Per	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Escalation	 	 	Aircraft (Amts.	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Estimate	 	 	Due/Mos. Prior	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Escalation	 	 	Adv Payment	 	 	to Delivery):	 	 	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	 	Factor	 	 	Base	 	 	Due	 	 	24 Mos.	 	 	21/18/15/12/9/6 Mos.	 	 	Total	 
	Date	 	Aircraft	 	 	(Airframe)	 	 	Price Per A/P	 	 	At Signing	 	 	4%	 	 	5%	 	 	35%	 
	Block C Aircraft
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ * ]
	 	 	1	 	 	 	1.0579	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 
	[ * ]
	 	 	1	 	 	 	1.0721	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 
	[ * ]
	 	 	1	 	 	 	1.0748	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 
	[ * ]
	 	 	1	 	 	 	1.076	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 	 	$	[ * ]	 

	 	 	 
	Note:	 	Option Features same as Block B Aircraft (Exhibit A1). Option pricing on this Table 1-C shows Options priced in Jul-2008$
	 
	*	 	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.

					
	 	 	 	 	 
	P.A. No. 3157
	 	7
	 	SA 8
	 
	 	BOEING PROPRIETARY	 	 

 

 

 

April 30, 2010

6-1162-RRO-1144

Federal Express Corporation

2955 Republican Drive

Memphis, TN 38118

	 	 	 
	Attention:

	 	Mr. Kevin Burkhart

Managing Director — Aircraft Acquisitions & Sales
	 
	 	 
	Subject:

	 	[ * ]
	 
	 	 
	Reference:

	 	Supplemental Agreement No. 8 to Purchase Agreement 3157, dated
November 7, 2006, between The Boeing Company (Boeing) and
Federal Express Corporation (Customer) relating to Model
777-FREIGHTER Aircraft (the Aircraft)

Dear Mr. Burkhart:

In consideration of the strong business relationship between Boeing and Customer, and Customer
executing Supplemental Agreement No. 8, Boeing has agreed to [ * ].

Further Customer agrees and acknowledges that Attachment A cannot be revised/modified in anyway
unless specifically agreed to in writing by Boeing.

	 	 	 	 	 
	Very truly yours,	 	 
	 
	 	 	 	 
	THE BOEING COMPANY	 	 
	 
	 	 	 	 
	By:

	 	/s/ Richard R. Ochs
 

	 	 
	 
	 	 	 	 
	Its: Attorney-In-Fact	 	 
	 
	 	 	 	 
	ACCEPTED AND AGREED TO this	 	 
	 
	 	 	 	 
	Date: April 30, 2010	 	 
	 
	 	 	 	 
	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	/s/ Phillip C. Blum
 

	 	 
	 
	 	 	 	 
	Its: Vice President — Aircraft Acquisitions/SAO	 	 

	 	 	 
	*	 	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.

BOEING PROPRIETARY

 

 

 

Federal Express

PA 3157

[ * ]

	 	 	 
	*	 	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.

BOEING PROPRIETARY

 

 

 

Federal Express

PA 3157

[ * ]

	 	 	 
	*	 	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.

BOEING PROPRIETARY

 

 

 

FED-PA—LA-1000790

Federal Express Corporation

3610 Hacks Cross

Memphis TN 38125

	 	 	 
	Subject:

	 	Special Matters for Block C Aircraft
	 
	 	 	 
	Reference:

	 	Purchase Agreement No. 3157 (the Purchase
Agreement) between The Boeing Company (Boeing) and
Federal Express Corporation (Customer) relating to
Model 777-FREIGHTER aircraft (the Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms
used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.

[ * ]

8. ADVANCE PAYMENT SETOFF RIGHTS

Customer agrees that if it defaults on any monetary obligation under the Purchase Agreement
and has failed to cure such default within five (5) calendar days of receiving written notice from
Boeing, then Boeing may apply any/all advance payments paid by Customer to cure, in part or in
whole, any default made with respect to any Aircraft or other obligation in the Purchase
Agreement. In the event that Boeing exercises such setoff rights and applies any advance payments
to cure any such default by Customer with respect to an Aircraft or other obligation in the
Purchase Agreement, Boeing will be entitled to require Customer to replace within ten days of
written notice, the amount of advance payments applied to cure such default such that the total
amount of advance payments will be restored to the aggregate amount of advance payments owed at
that time by Customer.

[ * ]

10. PUBLIC ANNOUNCEMENT

Notwithstanding the terms in the Purchase Agreement, neither Party shall in any manner
advertise or make any public statement regarding Customer’s purchase of the Block C Aircraft
without the prior written consent of the other Party. Neither Party shall disclose any details of
this Agreement to any third party except as may be authorized in writing by an authorized officer
of the other Party.

Confidential Treatment. Customer understands that certain commercial and financial
information contained in this Letter Agreement /and attachment(s) hereto is considered by Boeing as
confidential. Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent of Boeing,
disclose this Letter Agreement or any information contained herein to any other person or entity.

	 	 	 
	*	 	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.

BOEING PROPRIETARY

 

 

 

If the foregoing correctly sets forth your understanding of our agreement with respect to matters
described above, please indicate your acceptance and approval below.

	 	 	 	 	 
	Very truly yours,	 	 
	 
	 	 	 	 
	THE BOEING COMPANY	 	 
	 
	 	 	 	 
	By:

	 	/s/ Richard R. Ochs
 

	 	 
	 
	 	 	 	 
	Its: Attorney-In-Fact	 	 
	 
	 	 	 	 
	ACCEPTED AND AGREED TO this	 	 
	 
	 	 	 	 
	Date: April 30, 2010	 	 
	 
	 	 	 	 
	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	/s/ Phillip C. Blum	 	 
	 

	 	 

	 	 
	Its: Vice President — Aircraft Acquisitions/SAO	 	 

BOEING PROPRIETARY

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