Exhibit 10.205 Exhibit 10.206 Exhibit 10.207

Exhibit 10.12

TWELFTH AMENDMENT

to the

COMPOSITE LEASE AGREEMENT

By and Between

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

and

FEDERAL EXPRESS CORPORATION

Effective as of April 1, 2019

TWELFTH AMENDMENT

TO THE COMPOSITE LEASE AGREEMENT

This TWELFTH Amendment is made and entered into as of the 9^th day of April 2019, by and between MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY (herein referred to as “Authority”), a body politic and corporate, organized and existing under the laws of the State of Tennessee, and FEDERAL EXPRESS CORPORATION (herein referred to as “Tenant”), a corporation duly organized and existing under the laws of the State of Delaware.

W I T N E S S E T H:

WHEREAS Authority and Tenant executed a “Composite Lease Agreement”, effective January 1, 2007 which was modified by First Amendment effective September 1, 2008; a Second Amendment effective June 1, 2009; a Third Amendment effective July 1, 2009; a Fourth Amendment effective 15, 2011; a Fifth Amendment effective January 1, 2013; a Sixth Amendment effective July 1, 2014; a Seventh Amendment effective April 1, 2016; an Eighth Amendment effective April 1, 2017; a Ninth Amendment effective September 1, 2017; a Tenth Amendment effective May 1, 2018; an Eleventh Amendment effective December 1, 2018; collectively referred to herein as the “Composite Lease Agreement”; and,

WHEREAS, a schedule identifying each parcel of real property the Authority leases to Tenant is attached to the Composite Lease Agreement as EXHIBIT “A”, and the schedule states a portion of the Term (identified in the Composite Lease Agreement) during which the lease of each parcel will be in effect, and the rent that Tenant is subject to pay Authority for each parcel; and,

WHEREAS, the parties wish to amend the Composite Lease Agreement to add a total of 18,276 square feet of unimproved land owned by Authority to be used for glycol tank storage, more particularly identified as Parcel 35 and named in EXHIBIT “B”, which is attached hereto and incorporated by reference, thereby creating an annual increase of $4,145.00 for the rental cost of this unimproved land (Parcel 35), effective October 1, 2019.

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 TWELFTH Amendment shall have the respective meanings give to them in the Composite Lease Agreement for all purposes of this TWELFTH Amendment.

SECTION 2.    Modification of Composite Lease Agreement and Applicable Rent.

The parties amend the Composite Lease Agreement to reflect the addition of Parcel 35. As of the Effective Date, the parties incorporate the attached survey and legal description of Parcel 35 to be part of EXHIBIT “B” to the Composite Lease Agreement, and the parties substitute the revised itemized Composite Spreadsheet effective April 1, 2019, attached hereto and incorporated herein as EXHIBIT “A” to this Amendment, for the schedule included as part of EXHIBIT “A” to the Composite Lease Agreement. The substitution of the attached EXHIBIT “A”, the revised itemized Composite Spreadsheet effective April 1, 2019, will accomplish the following:

(a)    Contingent upon receipt of all necessary approvals for installation of glycol tank storage (including FAA) effective October 1, 2019, Tenant’s annual rent will be increased by $4,145.00, achieved by multiplying the area of Parcel 35 by $0.2268 per square foot, as follows:

(b)     The rent, as adjusted in accordance with the foregoing, will continue to be subject to adjustment in accordance with the terms of Section 2.03(a)(i) of the Composite Lease Agreement.

SECTION 3.    Improvements by Tenant.

SECTION 4.    Remainder of Composite Lease in Effect.  All other terms, provisions, conditions, covenants and agreements of the Composite Lease Agreement shall continue in full force and effect.

SECTION 5.    Effective Date of this TWELFTH Amendment.  This TWELFTH Amendment shall become effective as of April 1, 2019.

EXHIBIT “A” and EXHIBIT “B”, attached hereto, shall be incorporated herein by reference.

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

Approved as to Content:

Approved as to Form and Legality:

Reviewed and Approved:

Omitted Exhibits

Exhibit A and Exhibit B to this exhibit, which are described under “Witnesseth” and in Sections 2 and 3 above, have been omitted pursuant to Item 601(a)(5) of Regulation S-K because the information contained therein is not material and is not otherwise publicly disclosed. FedEx will furnish supplementally copies of Exhibit A and Exhibit B to the Securities and Exchange Commission or its staff upon request.