\n 1 Definitions………………………………………………… 4<\/p>\n 2 Granting Leasehold………………………………………….. 4<\/p>\n
3 Term; Delivery and Acceptance of Possession……………………. 4<\/p>\n
4 Rental…………………………………………………….. 5<\/p>\n
5 Hazardous Substances\/Waste…………………………………… 5<\/p>\n
6 Lease Agreement Still in Effect; Provisions Thereof Applicable
\n to this Twenty-Second Supplemental Lease Agreement……………… 7<\/p>\n
7 Descriptive Headings………………………………………… 7<\/p>\n
8 Effectiveness of this Twenty-Second Lease Agreement…………….. 7<\/p>\n
9 Execution of Counterparts……………………………………. 7<\/p>\n
10 Summaries …………………………………………………. 7<\/p>\n
Notary…………………………………………………….. 9<\/p>\n
Leased Parcel Summary……………………………………….. 10<\/p>\n
Rental Summary……………………………………………… 11
\n<\/c><\/c><\/s><\/caption>\n<\/table>\n
3<\/p>\n
TWENTY-SECOND SUPPLEMENTAL LEASE AGREEMENT<\/p>\n
THIS TWENTY-SECOND SUPPLEMENTAL LEASE AGREEMENT, made and entered into
\nas of the 15th of March 2001, by and between MEMPHIS-SHELBY COUNTY AIRPORT
\nAUTHORITY (herein sometimes referred to as “Authority”), a public and
\ngovernmental body politic and corporate of the State of Tennessee, and FEDERAL
\nEXPRESS CORPORATION (herein sometimes referred to as “Tenant”), a corporation
\nduly organized and existing under the laws of the State of Delaware and
\nqualified to do business in the State of Tennessee.<\/p>\n
W I T N E S S E T H:<\/p>\n
WHEREAS, Authority and Tenant on October 3, 1979 entered into a
\nConsolidated and Restated Lease Agreement dated as of August 1, 1979; and<\/p>\n
WHEREAS, Authority and Tenant, between April 1, 1981 and May 15, 2000,
\nhave entered into Twenty One Supplemental Lease Agreements amending the 1979
\nConsolidated and Restated Lease Agreement; and<\/p>\n
WHEREAS, the said Consolidated and Restated Lease Agreement dated as of
\nAugust 1, 1979, together with the First through the Twenty-First Supplemental
\nLease Agreements is herein referred to as the “Lease Agreement”; and<\/p>\n
WHEREAS, Authority and Tenant have agreed to further supplement the
\nLease Agreement so as to lease to Tenant certain additional land under this
\nTwenty-Second Supplemental Lease Agreement.<\/p>\n
3
\n 4<\/p>\n
NOW THEREFORE, for and in consideration of the mutual promises,
\ncovenants and agreements hereinafter contained to be kept and performed by the
\nparties hereto and upon the provisions and conditions hereinafter set forth,
\nAuthority and Tenant do hereby covenant and agree, and each for itself does
\nhereby covenant and agree, as follows:<\/p>\n
SECTION 1. DEFINITIONS. Except as otherwise provided herein, and unless
\nthe context shall clearly require otherwise, all words and terms used in this
\nTwenty-Second Supplemental Lease Agreement which are defined in the Lease
\nAgreement, shall, for all purposes of this Twenty-Second Supplemental Lease
\nAgreement, have the respective meanings given to them in the Lease Agreement.<\/p>\n
SECTION 2. GRANTING OF LEASEHOLD. In addition to the lease and demise
\nto Tenant of the land in the Lease Agreement, the Authority hereby leases and
\ndemises to Tenant, and Tenant hereby takes and hires from Authority, subject to
\nthe provisions and conditions set forth in the Lease Agreement and this
\nTwenty-Second Supplemental Lease Agreement, the additional land containing
\napproximately 11.46 acres located on two parcels. Lease Parcel 1 called Taxiline
\n700 Extension contains approximately 132,951 square feet or 3.052 acres located
\nin the vicinity of the centerline intersection of Taxiway November and Taxilane
\n800; and, Lease Parcel 2 called West Ramp Aircraft\/GSE Expansion contains
\n366,242 square feet or 8.408 acres located in the vicinity of the centerlines of
\nTaxiway Victor and Taxiway Charlie. Lease Parcel 1 and Lease Parcel 2 are
\nlocated on Authority property in Memphis Shelby County Tennessee and are more
\nparticularly described on Exhibit “A” attached hereto and incorporated herein by
\nreference.<\/p>\n
SECTION 3. TERM; DELIVERY AND ACCEPTANCE OF POSSESSION. The term of
\nthis Twenty-Second Supplemental Lease Agreement shall commence at 12:01 A.M. on
\nthe earlier to <\/p>\n
4
\n 5<\/p>\n
occur of November 1, 2001, or the date of beneficial occupancy for the land
\ndescribed in Exhibit “A” and shall expire at such time as the Lease Agreement
\nshall expire, to-wit: August 31, 2012 or upon such earlier termination,
\nextension or otherwise as provided therein. Authority shall, however, deliver to
\nTenant sole and exclusive possession of the land leased hereby, as of the
\neffective date of this Twenty-Second Supplemental Lease Agreement for the
\npurpose of constructing improvements required for Tenant’s intended use of the
\nland leased hereby, subject however, to Authority’s right-of-entry set forth in
\nSection 21 of the Lease Agreement.<\/p>\n
SECTION 4. RENTAL. In addition and supplemental to the rentals required
\nto be paid to the Authority pursuant to Section 5 of the Lease Agreement
\n(including all prior supplemental lease agreements), during the term of this
\nTwenty-Second Supplemental Lease Agreement, Tenant shall pay to the Authority in
\nadvance on the first business day of each month $5,075.13 in equal installments
\nbeginning November 1, 2001 or date of beneficial occupancy whichever occurs
\nfirst, a total rental payment of $60,901.56 per year, which the parties hereto
\nagree is based upon an aggregate of 499,193 square feet of area at an annual
\nrental rate of ($0.1220) per square foot.<\/p>\n
SECTION 5. HAZARDOUS SUBSTANCES\/WASTE. Tenant, at its own expense, may
\narrange for a Phase 1 Environmental Survey on the land described herein by a
\nreputable environmental consultant to determine the existence of “Hazardous
\nSubstances”, as such term is defined in this Agreement. In the event that
\n“Hazardous Substances” are discovered during excavation for construction on the
\nproperty described in Exhibit “A”, and such “Hazardous Substances” require
\nspecial handling, removal or disposal (“Remediation”), then Tenant shall
\nimmediately notify Authority. The Tenant and Authority will confer and jointly
\ndetermine the method for handling, <\/p>\n
5
\n 6<\/p>\n
removing or disposing of the “Hazardous Substances” within 14 days after Tenant
\nprovides the Authority, in writing, its plan for Remediation. The form of
\nRemediation agreed to by the parties must comply with “Environmental Laws”, as
\nsuch term is defined below. In the event that Tenant and Authority are unable to
\nagree on a method for handling, removing or disposing of the “Hazardous
\nSubstances” due to differing interpretations of the requirements of Remediation
\nas set forth in the applicable “Environmental Laws”, then the form of
\nRemediation will be determined by the appropriate federal, state or local agency
\nwith relevant regulatory and enforcement jurisdiction over the subject site.
\nAuthority will grant to Tenant a rent credit equal to the reasonable documented
\ncosts paid by Tenant for the Remediation of such “Hazardous Substances”
\nassociated with the property described in Exhibit “A”.<\/p>\n
The term “Hazardous Substances”, as used in this Twenty-Second
\nSupplemental Lease Agreement, shall mean any hazardous or toxic substances,
\nmaterials or wastes, including but not limited to, those substances, materials,
\nand wastes (i) listed in the United States Department of Transportation
\nHazardous Materials Table (49 CFR ss. 172.101) or by the Environmental
\nProtection Agency as hazardous substances (40 CFR Part 302) and amendments
\nthereto, (ii) designated as a “Hazardous Substance” pursuant to Section 311 of
\nthe Clean Water Act, 33 U.S.C. ss. 1251 et seq. (33 U.S.C. ss. 1321) or listed
\npursuant to Section 307 of the Clean Water Act (33 U.S.C. ss. 1317, (iii)
\ndefined as a “Hazardous Waste” pursuant to Section 1004 of the Resource
\nConservation and Recovery Act, 42 U.S.C. ss. 6901, et seq. (42 U.S.C ss. 6903),
\nor (iv) defined as “Hazardous Substance” pursuant to Section 101 of the
\nComprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C.
\nss. 9601, et seq. 42 U.S.C. ss. 9601) or any other substances, (including,
\nwithout limitation, asbestos and raw materials which include <\/p>\n
6
\n 7<\/p>\n
hazardous constituents), the general, discharge or removal of which or the use
\nof which is restricted, prohibited or penalized by any “Environmental Law”,
\nwhich term shall mean any Federal, State or local law, regulation, or ordinance
\nrelating to pollution or protection of the environment.<\/p>\n
SECTION 6. LEASE AGREEMENT STILL IN EFFECT; PROVISIONS THEREFORE
\nAPPLICABLE TO THIS SUPPLEMENTAL LEASE AGREEMENT. All of the terms, provisions,
\nconditions, covenants and agreements of the Lease Agreement, as supplemented,
\nshall continue in full force and effect as supplemental hereby, and shall be
\napplicable to each of the provisions of this Twenty-Second Supplemental Lease
\nAgreement during the term hereof with the same force and effect as though the
\nprovisions hereof were set forth in the Lease Agreement.<\/p>\n
SECTION 7. DESCRIPTIVE HEADINGS. The descriptive headings of the
\nsections of this Twenty-Second Supplemental Lease Agreement are inserted for
\nconvenience of reference only and do not constitute a part of this Twenty-Second
\nSupplemental Lease Agreement and shall not effect the meaning, construction,
\ninterpretation or effect of this Twenty-Second Supplemental Lease Agreement.<\/p>\n
SECTION 8. EFFECTIVENESS OF THIS SUPPLEMENTAL LEASE AGREEMENT. This
\nTwenty-Second Supplemental Lease Agreement shall become effective at 12:01 a.m.
\non March 15, 2001.<\/p>\n
SECTION 9. EXECUTION OF COUNTERPARTS. This Twenty-Second Supplemental
\nLease Agreement may be simultaneously executed in several counterparts, each of
\nwhich shall be an original and all of which shall constitute but one and the
\nsame instrument.<\/p>\n
SECTION 10. SUMMARIES. For the convenience of both parties a Leased
\nParcel Summary and a Rental Summary are attached to this Lease Agreement<\/p>\n
7
\n 8<\/p>\n
IN WITNESS WHEREOF, THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY AND
\nFEDERAL EXPRESS CORPORATION have caused this Twenty-Second Supplemental Lease
\nAgreement to be duly executed in their respective behalfs, as of the day and
\nyear first above written.<\/p>\n
WITNESS: MEMPHIS-SHELBY COUNTY AIRPORT
\n AUTHORITY<\/p>\n
\/s\/ RICHARD V. WHITE BY: \/s\/ JERRY McMICHAEL
\n——————————– —————————-<\/p>\n
TITLE: Director of Properties TITLE: Executive Vice President
\n ———————— ————————-<\/p>\n
Approved as to Form and Legality:<\/p>\n
\/s\/ R. GRATTAN BROWN, JR.
\n———————————————
\nR. Grattan Brown, Jr., Attorney for Authority<\/p>\n
WITNESS: FEDERAL EXPRESS CORPORATION
\n A Delaware Corporation<\/p>\n
\/s\/ LEANNA JOHNSON BY: \/s\/ GRAHAM R. SMITH
\n——————————– —————————<\/p>\n
TITLE: Project Coordinator TITLE: V. P.
\n ————————– ————————-<\/p>\n
Approved
\n Legal Department<\/p>\n
\/s\/ PLM 3\/5\/01
\n ————–
\n MM<\/p>\n
8
\n 9<\/p>\n
(STATE OF TENNESSEE)
\n(COUNTY OF SHELBY)<\/p>\n
On this 26th day of March, 2001, before me appeared Jerry McMichael to
\nme personally known, who, being by me duly sworn (or affirmed), did say that he
\nis the Exec. V. P. of the Memphis-Shelby County Airport Authority, the within
\nnamed Lessor, and that he as such President, being authorized so to do, executed
\nthe foregoing instrument for the purposes therein contained, by signing the name
\nof the Authority by himself as such President.<\/p>\n
MY COMMISSION EXPIRES
\n 8\/29\/01 \/s\/ CAROL D. WOLFE
\n——————— ——————————-
\n Notary Public<\/p>\n
(seal)<\/p>\n
(STATE OF TENNESSEE)
\n(COUNTY OF SHELBY)<\/p>\n
On this 20th day of March, 2001, before me appeared Graham R. Smith, to
\nme personally known, who, being by me duly sworn (or affirmed), did say that he
\nis a Vice President of Federal Express Corporation, the within named Lessee, and
\nthat he as such Vice President, being authorized so to do, executed the
\nforegoing instrument for the purposes therein contained, by signing the name of
\nthe Corporation by himself as such Vice President.<\/p>\n
MY COMMISSION EXPIRES<\/p>\n
8\/13\/05 \/s\/ GLORIA E. OWENS
\n——————— ——————————-
\n Notary Public<\/p>\n
(seal)<\/p>\n
9
\n 10<\/p>\n
FEDERAL EXPRESS LEASED PARCELS SUMMARY<\/p>\n
\n\nPARCEL EFFECTIVE
\nLEASE ACRES SQUARE FEET AGREEMENT DATE
\n—– —– ———– ——— —-
\n <\/p>\n BASE-LEASE<\/p>\n
Revised 9 128.469 Consolidated & 08\/01\/79
\n Restated<\/p>\n
10 1.612 70,200 Consolidated & 08\/01\/79
\n Restated<\/p>\n
11 1.044 45,359 Consolidated & 08\/01\/79
\n Restated<\/p>\n
PREVIOUS SUPPLEMENTS<\/p>\n
12 2.707 117,915 First 04\/01\/81
\n Supplemental<\/p>\n
13 6.860 298,830 Second 01\/01\/82
\n Supplemental<\/p>\n
14 14.586 635,377 Fourth 07\/01\/83
\n Supplemental<\/p>\n
15 12.689 552,723 Fourth 07\/01\/83
\n Supplemental<\/p>\n
Rev 16 18.281 (19.685) 796,312 Fifth 02\/01\/84
\n Supplemental<\/p>\n
Rev 17 119.616 (124.992) 5,210,477 Sixth 04\/01\/84
\n Supplemental<\/p>\n
18 2.717 118,353 Sixth 04\/01\/84
\n Supplemental<\/p>\n
19 41.606 1,812,352 Seventh 06\/01\/84
\n Supplemental<\/p>\n
25 0.435 18,933 Eighth 07\/01\/88
\n Supplemental<\/p>\n
20 11.275 491,127 Ninth 06\/01\/89
\n Supplemental<\/p>\n
27 11.192 487,512 Tenth 10\/01\/91
\n Supplemental<\/p>\n
27 A(West) 4.058 176,777 Eleventh 07\/01\/94
\n Supplemental<\/p>\n
27 B(West) 5.706 248,533 Eleventh 07\/01\/94
\n Supplemental<\/p>\n
Southwest Eleventh 07\/01\/94
\nRamp 2.350 102,366 Supplemental
\n<\/c><\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n
10<\/p>\n
11<\/p>\n
\n\nPARCEL EFFECTIVE
\nLEASE ACRES SQUARE FEET AGREEMENT DATE
\n—– —– ———– ——— —-
\n <\/p>\n32 (removed) 22.972 1,000,681 Twelfth 07\/01\/93
\n Supplemental<\/p>\n
33 8.998 391,942 Thirteenth 06\/01\/95
\n Supplemental<\/p>\n
36 3.050 132,837 Thirteenth 06\/01\/95
\n Supplemental<\/p>\n
Hangar 8 (removed) 36,946,33 Thirteenth 06\/01\/95
\n Supplemental<\/p>\n
34 9.951 433,461 Fourteenth 01\/01\/96
\n Supplemental<\/p>\n
21 19.134 833,476 Fifteenth 01\/01\/97
\n Supplemental<\/p>\n
22A (North) 3.214 140,000 Sixteenth 04\/01\/97
\n Supplemental<\/p>\n
37 2.692 117,283 Seventeenth 05\/01\/97
\n Supplemental<\/p>\n
38 2.523 109,921 Eighteenth 07\/01\/97
\n Supplemental<\/p>\n
39 8.366 364,430 Eighteenth 07\/01\/97
\n Supplemental<\/p>\n
West Ramp 19.917 867,583 Nineteenth 09\/01\/98
\nExpansion Supplemental<\/p>\n
Centerline 13.206 575,253.36 Twentieth 12\/01\/00
\nNovember Supplemental<\/p>\n
Taxilane 700 4.706 204,975 Twenty-First 05\/15\/00
\n Supplemental<\/p>\n
THIS SUPPLEMENT<\/p>\n
Taxilane 700 3.052 132,951 Twenty-Second 03\/15\/01
\n Supplemental<\/p>\n
West Ramp 8.408 366,242 Twenty-Second 03\/15\/01
\nAircraft\/GSE Expansion Supplemental<\/p>\n
OPTIONS<\/p>\n
22B (South) 3.310 144,200 Option, Expires 5\/31\/04
\n29 3.85 167,706 Option, Expires 9\/30\/2001<\/p>\n
ASSIGNMENTS<\/p>\n
23 5.923 258,008 Graber Assignment,
\n Expires 12\/31\/2000
\n Invoice FEC
\n Final Increase 1\/l\/96
\n<\/c><\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n
11
\n 12<\/p>\n
\n
\n24 9.964 434,030 Southwide Assignment
\n Expires 5\/14\/2013
\n Invoice FEC
\n Next Increase 5\/15\/03<\/p>\n26 9.532 415,213 BICO Assignment,
\n Expires 7\/31\/2021
\n Invoice FEC
\n Next Increase 8\/01\/2011<\/p>\n
28 10.68 465,221 Equitable Life Assignment
\n Expires 5\/14\/2013
\n Invoice FEC
\n Next Increase 5\/15\/03
\n<\/c><\/c><\/c><\/s><\/table>\n
RENTAL – FEDERAL EXPRESS<\/p>\n
Effective November 1, 2001<\/p>\n
\n\n Annual
\nCategory Number of Rental Rate
\nof Space Square Feet Per Sq. Ft. Annual Rental
\n——– ———– ———– ————-
\n
\nBldg. T-376 1,240 1.5258 $1,891.99
\nUnimproved Ground 8,190,929.96 0.1220 999,293.44
\nImproved Apron 2,395,802 0.1525 365,359.80
\nHangar Property 72,092.67 1.1291 81,399.83
\nHangar Office 28,000 1.8311 51,270.80
\nInternational Park 9,694,700 0.2138 2,072,726.80
\n ——
\nFormer IRS Facility 2,255,137.24 4.97 1,200,000.00
\n ———— ————-
\n 22,637,901.87 $4,771,942.66
\n<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n BREAKDOWN OF SPACE<\/p>\n
\n\n Sq. Ft. Sq. Ft.
\n ——- ——-
\n
\nBldg. T-376 Parcel 4 1,240
\n —–
\n 1,240<\/p>\nUnimproved Ground Parcel 1 130,900
\n Parcel 2 50,000
\n Parcel 3 192,400
\n Parcel 4 32,540
\n Parcel 6 89,700
\n Parcel 9 1,167,337
\n Parcel 19 1,812,362
\n Parcel 20 491,127
\n<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n
12
\n 13<\/p>\n
\n
\n Parcel 27A 176,777
\n Parcel 27B 248,533
\n Southwest Ramp 102,366
\n Parcel 33 391,942
\n Parcel 36 132,837
\n Parcel 34 433,461
\n Parcel 37 117,283
\n Parcel 38 109,921
\n Parcel 39 364,430
\n West Ramp Expansion 867,588
\n Centerline November 575,253.36
\n Taxilane 700 204,975
\n Taxilane 700 Extension 132,951
\n West Ramp 366,242
\n Aircraft\/GSE Expansion<\/p>\n 8,190,925.36<\/p>\n
Improved Apron Parcel 1 850,250
\n Parcel 2 226,900
\n Parcel 7 577,540
\n Parcel 9 253,600
\n Parcel 27 487,512
\n ——-
\n 2,395,802.00<\/p>\n
Sq. Ft. Sq. Ft.
\n ——- ——-<\/p>\n
Hangar Property Parcel 1 44,336
\n Parcel 2 27,756.67
\n ———
\n 72,092.67<\/p>\n
Hangar Office Parcel 1 22,400
\n Parcel 2 5,600
\n —–
\n 28,000.00
\n<\/c><\/c><\/c><\/s><\/table>\n
13
\n 14<\/p>\n
\n\n
\nInternational Park Parcel 5 24,000
\n Parcel 8 247,254
\n Parcel 9 1,586,172
\n Parcel 10 70,200
\n Parcel 11 45,359
\n Parcel 12 117,915
\n Parcel 13 298,830
\n Parcel 14 556,334
\n Parcel 15 552,723
\n Parcel 16 796,312
\n Parcel 17 4,288,839
\n Parcel 18 118,353
\n Parcel 25 18,933
\n Parcel 21 833,476
\n Parcel 22A 140,000
\n ——-
\n 9,694,700.00<\/p>\nFormer IRS Facility 2,255,137.24 2,255,137.24
\n ———— <\/p>\n
TOTAL: 22,637,897.27<\/p>\n
<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n
14<\/p>\n
15<\/p>\n
FEDEX RAMP 2001 – WEST RAMP<\/p>\n
LEASE PARCEL 1<\/p>\n
Being a parcel of land contained entirely within the Memphis\/Shelby County
\nAirport Authority property located in the City of Memphis, Shelby County, State
\nof Tennessee being more particularly described by metes and bounds as follows:<\/p>\n
Commencing at the centerline intersection of Taxiway November and Taxilane 800;
\nthence along said centerline of Taxilane 800 S85(Degree) 42′ 38″E, a distance of
\n679.35 feet to a point, thence departing from and perpendicular to said
\ncenterline, N04(Degree) 17’22″E, a distance of 50.00 feet to a point, said point
\nbeing the TRUE POINT OF BEGINNING; thence N04(Degree) 17′ 22″E, a distance of
\n473.94 feet to a point; thence along a line being parallel with the north edge
\nof pavement of Taxilane 800 S85(Degree) 42′ 38″E, a distance of 299.97 feet to a
\npoint; thence, S04(Degree) 17′ 22″W, a distance of 74.94 feet to a point on the
\nexisting north edge of pavement and common with the “FedEx Ramp 2000 Project”
\nlease; thence along said north edge of pavement and common with said north line
\nof the Ramp 2000 project lease, N85(Degree) 42′ 38″W, a distance of 23.10 feet
\nto a point on a corner of said lease; thence along the existing west edge of
\npavement and common with the west line of said lease S04(Degree) 17′ 22″W, a
\ndistance of 399.00 feet to a point on the corner of said lease; thence along the
\nexisting north edge of pavement and common with the north line of said lease
\nN85(Degree) 42′ 38″W, a distance of 276.87 feet to the POINT OF BEGINNING.<\/p>\n
Said parcel of land containing 132,951 square feet or 3.052 Acres, more or less.<\/p>\n
(Seal)<\/p>\n
\/s\/ CHARLES W. ARNEY<\/p>\n
EXHIBIT “A”
\n 1 OF 4<\/p>\n
16<\/p>\n
[ Survey of Lease Parcel 1 ]<\/p>\n
EXHIBIT “A”
\n 2 OF 4<\/p>\n
17<\/p>\n
FEDEX RAMP 2001 – WEST RAMP<\/p>\n
LEASE PARCEL 2<\/p>\n
Being a parcel of land contained entirely within the Memphis\/Shelby County
\nAirport Authority property located in the City of Memphis, Shelby County, State
\nof Tennessee being more particularly described by metes and bounds as follows:<\/p>\n
Commencing at the extended tangent intersection of Taxiway Victor and Taxiway
\nCharlie; thence along said centerline of Taxiway Charlie N01(Degree) 59′ 42″E, a
\ndistance of 178.21 feet to a point; thence continuing along said centerline
\nN01(Degree) 55′ 14″E, a distance of 21.70 feet to a point; thence departing from
\nand perpendicular to said centerline, N88(Degree) 04′ 46″W, a distance of 162.00
\nfeet to a point, said point being the TRUE POINT OF BEGINNING; thence along a
\nline being parallel with and 193.00 feet north of said centerline of Taxiway
\nVictor N85(Degree) 42′ 29″W, a distance of 1101.86 feet to a point on the
\nsoutheast corner of the FedEx Taxilane 700 Project lease; thence along the
\nexisting east edge of pavement and common with the east line of said Taxilane
\n700 Project lease N04(Degree) 17′ 22″E, a distance of 524.51 feet to a pavement
\ncorner, said point being the intersection of said Taxilane 700 east lease line
\nand FedEx Ramp 2000 Project south lease line; thence along existing south edge
\nof pavement and common with said south line of Ramp 2000 project lease
\nS85(Degree) 42′ 38″E, a distance of 233.51 feet to a point on the west edge of
\npavement being a west line said FedEx Ramp 2000 project lease; thence along said
\nwest edge of pavement and common with the west line of said Ramp 2000 project
\nlease S04(Degree) 17′ 22″W, a distance of 136.00 feet to a point on the south
\nedge of pavement being a south line of the said FedEx Ramp 2000 project lease;
\nthence along said south edge of pavement and common with said south line of Ramp
\n2000 project lease S85(Degree) 42′ 38″E, a distance of 223.80 feet to a point,
\nsaid point being the southeast corner of the said Ramp 2000 project lease and
\nthe southwest corner of the FedEx Ramp 1999 project lease; thence continuing
\nalong existing south edge of pavement and common with said south line of Ramp
\n1999 project lease S85(Degree) 42′ 38″E, a distance of 445.70 feet to a point,
\nsaid point being the southeast corner of said Ramp 1999 project lease and on the
\nwest line of FedEx 1.34 Project, Part 2 lease; thence along existing west
\npavement edge and common with said west lease line S32(Degree) 30′ 14″W, a
\ndistance of 381.46 feet to a point on the south edge of pavement being a south
\nline of the said 1.34, Part 2 project lease; thence along said existing south
\nedge of pavement and common with said south lease line S85(Degree) 42′ 50″E, a
\ndistance of 356.31 feet to a point on the east edge of pavement being a east
\nline of the said 1.34, Part 2 project lease; thence along said existing easting
\neast edge of pavement and common with said east lease line N01(Degree) 56′ 39″E,
\na distance of 19.90 feet to a point; thence S88(Degree) 04′ 46″E, a distance of
\n10.70 feet to a point 162.00 feet west of the centerline of Taxiway Charlie;
\nthence along a line being parallel with and 162.00 feet west of the centerline
\nof Taxiway Charlie S01(Degree) 55′ 14″W, a distance of 72.83 feet to the POINT
\nOF BEGINNING.<\/p>\n
Said parcel of land containing 366,242 square feet or 8.408 Acres, more or less.<\/p>\n
(Seal)<\/p>\n
\/s\/ CHARLES W. ARNEY<\/p>\n
EXHIBIT “A”
\n 3 OF 4<\/p>\n
18<\/p>\n
[ Survey of Lease Parcel 2 ]<\/p>\n
EXHIBIT “A”
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