EX-10.10



 Exhibit 10.10 

EXECUTION VERSION 
 FIRST
AMENDMENT 
 FIRST AMENDMENT (this “Amendment”), dated as of January 26, 2018, to the Five-Year Credit Agreement,
dated as of November 13, 2015, among FEDEX CORPORATION, a Delaware corporation (the “Borrower”), the several lenders parties thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A., as administrative agent (in such
capacity, the “Administrative Agent”) and each other party thereto (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”). 

WITNESSETH : 
 WHEREAS, the
Credit Agreement provides in (i) Section 2.18(a) thereof that the Borrower and any one or more Lenders may agree that such Lenders shall increase the amount of their Commitments in an aggregate principal amount not to exceed $250,000,000
by executing and delivering to the Administrative Agent, among other things, an Increased Facility Activation Notice and (ii) Section 2.18(b) thereof that any Lender may increase its Commitment with the consent of the Borrower, the Issuing
Bank and the Administrative Agent by executing and delivering an Increasing Lender Supplement; 
 WHEREAS, such Increased Facility
Activation Notice and Increasing Lender Supplements have been executed and delivered and the Borrower has satisfied each other condition required pursuant to Section 2.18 of the Credit Agreement to increase the aggregate amount of Commitments
by $250,000,000 to an aggregate principal amount of $2,000,000,000; 
 WHEREAS, Section 2.18(d) of the Credit Agreement provides that
on each Increased Facility Closing Date, the Credit Agreement and the Schedules thereto shall be amended to the extent necessary to reflect the existence and terms of the increased Commitments evidenced thereby and that any such deemed amendment may
be effected in writing by the Administrative Agent and the Borrower (it being understood that this Amendment is one of such deemed amendments). 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement. 
 SECTION 2. Amendments. Effective as of the Effective Date (as defined below) the
Credit Agreement is hereby amended as follows: 
 (a) Section 1.01 of the Credit Agreement is amended by inserting the following new
definitions in their correct alphabetical order: 
 “First Amendment” means that certain First Amendment, dated as of
January 26, 2018, between the Borrower and the Administrative Agent. 
 “First Amendment Effective Date” has the meaning
assigned to the term “Effective Date” in the First Amendment. 
 (b) The final sentence of the definition of “Commitment”
set forth in Section 1.01 of the Credit Agreement is hereby amended and restated as follows: 
 “The aggregate
amount of the Commitments as of the First Amendment Effective Date is $2,000,000,000.” 







 (c) Schedule 2.01 of the Credit Agreement is hereby amended and restated in its entirety as set
forth in Exhibit A attached hereto. 
 SECTION 3. Conditions to Effectiveness. This Amendment shall become effective on and as of the
date (the “Effective Date”) upon which the following conditions shall have been satisfied (or waived by the Administrative Agent): 

(a) the Administrative Agent shall have received this Amendment, executed and delivered by a duly authorized officer of the Borrower and the
Administrative Agent; and 
 (b) the Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative Agent
(directly to such counsel if requested by the Administrative Agent) to the extent required under Section 10.05 of the Credit Agreement. 

SECTION 4. No Other Amendment or Waivers; Confirmation. Except as expressly provided hereby, all of the terms and provisions of the
Credit Agreement and the other Loan Documents are and shall remain in full force and effect. The amendments contained herein shall not be construed as an amendment or waiver of any other provision of the Credit Agreement or the other Loan Documents
or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of any Loan Party that would require the waiver or consent of the Administrative Agent or the Lenders. 

SECTION 5. GOVERNING LAW; WAIVER OF JURY TRIAL. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTIONS 10.11 AND 10.12 OF THE CREDIT AGREEMENT AS IF SUCH SECTIONS WERE SET FORTH IN FULL HEREIN. 

SECTION 6. Miscellaneous. (a) This Amendment may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging
means shall be effective as delivery of a manually executed counterpart of this Amendment. 
 (b) The provisions of this Amendment shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including permitted assignees of its Loans in whole or in part prior to effectiveness hereof). 

(c) This Amendment shall be a Loan Document for all purposes of the Credit Agreement and the other Loan Documents. 

SECTION 7. Severability. If any provision of this Amendment or the other Loan Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Amendment and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations
to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 SECTION 8. Headings. Section
headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	FEDEX CORPORATION
		
	By:	 	 /s/ Michael C. Lenz

		 	Name: Michael C. Lenz
		 	Title:   Corporate Vice President and Treasurer


 [Signature Page to Amendment] 







 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	By:	 	 /s/ Robert P. Kellas

		 	Name: Robert P. Kellas
		 	Title:   Executive Director


 [Signature Page to Amendment] 







 Exhibit A 

Schedule 2.01 







 SCHEDULE 2.01 

LENDERS AND 

COMMITMENTS 
  

			
	 Lender
	  	 Allocation

	 JPMorgan Chase Bank, N.A.
	  	$147,857,146
	 Bank of America, N.A.
	  	$147,857,144
	 Citibank, N.A.
	  	$147,857,144
	 The Bank of Nova Scotia
	  	$147,857,144
	 BNP Paribas
	  	$97,857,142
	 Deutsche Bank AG New York Branch
	  	$97,857,142
	 Goldman Sachs Bank USA
	  	$97,857,142
	 HSBC Bank USA, National Association
	  	$97,857,142
	 ING Bank N.V. - Dublin Branch
	  	$97,857,142
	 Mizuho Bank (USA)
	  	$97,857,142
	 Regions Bank
	  	$97,857,142
	 SunTrust Bank
	  	$97,857,142
	 Wells Fargo Bank, National Association
	  	$97,857,142
	 Morgan Stanley Bank, N.A.
	  	$72,857,144
	 Commerzbank AG, New York Branch
	  	$55,000,000
	 PNC Bank, National Association
	  	$55,000,000
	 Sumitomo Mitsui Banking Corporation
	  	$55,000,000
	 The Bank of New York Mellon
	  	$55,000,000
	 U.S. Bank N.A.
	  	$55,000,000
	 The Bank of Tokyo Mitsubishi UFJ, Ltd.
	  	$45,000,000
	 First Tennessee Bank
	  	$35,000,000
	 KBC Bank NV
	  	$35,000,000
	 Standard Chartered Bank
	  	$35,000,000
	 State Street Bank and Trust Company
	  	$30,000,000
		  	Total: $2,000,000,00