Filed by Bowne Pure Compliance





Exhibit 10.13




Supplemental Agreement No. 1




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 16th day of June, 2008, 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 (as amended and supplemented), relating to the purchase and sale of certain Boeing Model 777-
FREIGHTER aircraft (the Aircraft); and



WHEREAS, Customer desires to reschedule three Aircraft scheduled for delivery in February,
May, 2010 and March 2011 to June 2010(two Aircraft) and June 2011 plus reschedule one option
aircraft scheduled for delivery in May 2011 to February 2014;



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



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




	1.	 	In order to reschedule the three Aircraft scheduled for delivery in February, May, 2010 and
March 2011 to June 2010(two Aircraft) and June 2011, Table 1 to the Purchase Agreement is
hereby deleted and replaced with a new Table 1 which is attached hereto. Boeing hereby agrees
that such Aircraft slides are at ‘no charge’ to Customer.




 


S1-1









 










			
	 	 	 
	Supplemental Agreement 1 to 

Purchase Agreement No. 3157
	 	page 2







	2.	 	In order to reschedule one option aircraft scheduled for delivery in May 2011 to February
2014, the attachment to Letter 6-1162-RCN-1789, is hereby deleted and replaced with a new
attachment to Letter 6-1162-RCN-1789 which is attached hereto.
	 
	3.	 	Customer agrees that Boeing will retain the excess advance payments that result from the
rescheduling in paragraph 1 and will apply them to the first advance payment(s) due by
Customer subsequent to the date of this Supplemental Agreement.





EXECUTED as of the day and year first above written.



	 	 	 	 	 	 	 	 	 
	THE BOEING COMPANY	 	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ R.C. Nelson
 

	 	By:
	 	/s/ Phillip C. Blum
 

	 	 
	 

	 	Its: Attorney-In-Fact
	 	 	 	Its: Vice President —	 	 
	 

	 	 	 	 	 	Aircraft Acquisitions/SAO	 	 





 


S1-2









 





Table 1 to

Purchase Agreement No. 3157

Aircraft Delivery, Description, Price and Advance Payments

purchase of 15 firm + 15 options




	 	 	 	 	 	 	 	 	 
	Airframe Model/MTOW:
	 	777-Freighter	 	 	766000 pounds	 
	Engine Model/Thrust:
	 	GE90-110B1L	 	 	110000 pounds	 
	Airframe Price:
	 	 	 	 	 	$	231,629,000	 
	Optional Features:
	 	 	 	 	 	$	3,235,800	 
	 
	 	 	 	 	 	 	 
	Sub-Total of Airframe and Features:
	 	 	 	 	 	$	234,864,800	 
	Engine Price (Per Aircraft):
	 	 	 	 	 	$	0	 
	Aircraft Basic Price (Excluding BFE/SPE):
	 	 	 	 	 	$	234,864,800	 
	 
	 	 	 	 	 	 	 
	Buyer Furnished Equipment (BFE) Estimate:
	 	 	 	 	 	$	1,950,000	 
	Seller Purchased Equipment (SPE) Estimate:
	 	 	 	 	 	$	0	 
	 
	 	 	 	 	 	 	 	 
	Refundable Deposit/Aircraft at Proposal Accept:
	 	 	 	 	 	$	230,000	 






	 	 	 	 	 	 	 	 	 
	Detail Specification:
	 	D019W007-NEW (7/24/2006)	 	 
	Airframe Price Base Year/Escalation
Formula:
	 	Jul-06	 	ECI-MFG/CPI
	Engine Price Base Year/Escalation Formula:
	 	 	N/A	 	 	N/A
	 
	 	 	 	 	 	 	 	 
	Airframe Escalation Data:
	 	 	 	 	 	 	 	 
	Base Year Index (ECI):
	 	 	180.3	 	 	 	 	 
	Base Year Index (CPI):
	 	 	195.4	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Escalation	 	 	Escalation Estimate	 	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	Delivery	 	Number of	 	 	Factor	 	 	Adv Payment Base	 	 	At Signing	 	 	24 Mos.	 	 	21/18/15/12/9/6 Mos.	 	 	Total	 
	Date	 	Aircraft	 	 	(Airframe)	 	 	Price Per A/P	 	 	1%	 	 	4%	 	 	5%	 	 	35%	 
	Jul-2009
	 	 	1	 	 	 	1.0845	 	 	$	254,711,000	 	 	$	2,317,110	 	 	$	10,188,440	 	 	$	12,735,550	 	 	$	89,148,850	 
	Oct-2009
	 	 	1	 	 	 	1.0918	 	 	$	256,425,000	 	 	$	2,334,250	 	 	$	10,257,000	 	 	$	12,821,250	 	 	$	89,748,750	 
	Nov-2009
	 	 	1	 	 	 	1.0939	 	 	$	256,919,000	 	 	$	2,339,190	 	 	$	10,276,760	 	 	$	12,845,950	 	 	$	89,921,650	 
	Dec-2009
	 	 	1	 	 	 	1.0971	 	 	$	257,670,000	 	 	$	2,346,700	 	 	$	10,306,800	 	 	$	12,883,500	 	 	$	90,184,500	 
	Jun-2010
	 	 	2	 	 	 	1.1136	 	 	$	261,545,000	 	 	$	2,385,450	 	 	$	10,461,800	 	 	$	13,077,250	 	 	$	91,540,750	 
	Jul-2010
	 	 	1	 	 	 	1.1158	 	 	$	262,062,000	 	 	$	2,390,620	 	 	$	10,482,480	 	 	$	13,103,100	 	 	$	91,721,700	 
	Aug-2010
	 	 	1	 	 	 	1.1189	 	 	$	262,790,000	 	 	$	2,397,900	 	 	$	10,511,600	 	 	$	13,139,500	 	 	$	91,976,500	 
	Sep-2010
	 	 	1	 	 	 	1.121	 	 	$	263,283,000	 	 	$	2,402,830	 	 	$	10,531,320	 	 	$	13,164,150	 	 	$	92,149,050	 
	Oct-2010
	 	 	1	 	 	 	1.1231	 	 	$	263,777,000	 	 	$	2,407,770	 	 	$	10,551,080	 	 	$	13,188,850	 	 	$	92,321,950	 
	Nov-2010
	 	 	1	 	 	 	1.125	 	 	$	264,223,000	 	 	$	2,412,230	 	 	$	10,568,920	 	 	$	13,211,150	 	 	$	92,478,050	 
	Dec-2010
	 	 	1	 	 	 	1.1281	 	 	$	264,951,000	 	 	$	2,419,510	 	 	$	10,598,040	 	 	$	13,247,550	 	 	$	92,732,850	 
	Jan-2011
	 	 	1	 	 	 	1.1314	 	 	$	265,726,000	 	 	$	2,427,260	 	 	$	10,629,040	 	 	$	13,286,300	 	 	$	93,004,100	 
	Feb-2011
	 	 	1	 	 	 	1.1348	 	 	$	266,525,000	 	 	$	2,435,250	 	 	$	10,661,000	 	 	$	13,326,250	 	 	$	93,283,750	 
	Jun-2011
	 	 	1	 	 	 	1.1456	 	 	$	269,061,000	 	 	$	2,460,610	 	 	$	10,762,440	 	 	$	13,453,050	 	 	$	94,171,350	 







 


 









 





Attachment to

Letter 6-1162-RCN-1789

Option Aircraft Delivery, Description, Price and Advance Payments

purchase of 15 firm + 15 options




	 	 	 	 	 	 	 	 	 
	Airframe Model/MTOW:
	 	777-Freighter	 	 	766000  pounds	 
	Engine Model/Thrust:
	 	GE90-110B1L	 	 	110000  pounds	 
	Airframe Price:
	 	 	 	 	 	$	231,629,000	 
	Optional Features:
	 	 	 	 	 	$	3,235,800	 
	 
	 	 	 	 	 	 	 
	Sub-Total of Airframe and Features:
	 	 	 	 	 	$	234,864,800	 
	Engine Price (Per Aircraft):
	 	 	 	 	 	$	0	 
	Aircraft Basic Price (Excluding BFE/SPE):
	 	 	 	 	 	$	234,864,800	 
	 
	 	 	 	 	 	 	 
	Buyer Furnished Equipment (BFE) Estimate:
	 	 	 	 	 	$	1,950,000	 
	Seller Purchased Equipment (SPE) Estimate:
	 	 	 	 	 	$	0	 
	 
	 	 	 	 	 	 	 	 
	Non-Refundable
Deposit/Aircraft at Def Agreement:
	 	 	 	 	 	$	1,925,000	 






	 	 	 	 	 	 	 	 	 
	Detail Specification:
	 	D019W007-NEW (7/24/2006	)	 	 	 
	Airframe Price Base Year/Escalation
Formula:
	 	Jul-06	 	ECI-MFG/CPI
	Engine Price Base Year/Escalation Formula:
	 	 	N/A	 	 	 	N/A
	 
	 	 	 	 	 	 	 	 
	Airframe Escalation Data:
	 	 	 	 	 	 	 	 
	Base Year Index (ECI):
	 	 	180.3	 	 	 	 	 
	Base Year Index (CPI):
	 	 	195.4	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Escalation	 	 	Escalation Estimate	 	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	Delivery	 	Number of	 	 	Factor	 	 	Adv Payment Base	 	 	At Signing	 	 	24 Mos.	 	 	21/18/15/12/9/6 Mos.	 	 	Total	 
	Date	 	Aircraft	 	 	(Airframe)	 	 	Price Per A/P	 	 	1%	 	 	4%	 	 	5%	 	 	35%	 
	Aug-2011
	 	 	2	 	 	 	1.1509	 	 	$	270,306,000	 	 	$	778,060	 	 	$	10,812,240	 	 	$	13,515,300	 	 	$	94,607,100	 
	Nov-2011
	 	 	2	 	 	 	1.1578	 	 	$	271,926,000	 	 	$	794,260	 	 	$	10,877,040	 	 	$	13,596,300	 	 	$	95,174,100	 
	Feb-2012
	 	 	1	 	 	 	1.168	 	 	$	274,322,000	 	 	$	818,220	 	 	$	10,972,880	 	 	$	13,716,100	 	 	$	96,012,700	 
	May-2012
	 	 	1	 	 	 	1.1766	 	 	$	276,342,000	 	 	$	838,420	 	 	$	11,053,680	 	 	$	13,817,100	 	 	$	96,719,700	 
	Aug-2012
	 	 	1	 	 	 	1.1847	 	 	$	278,244,000	 	 	$	857,440	 	 	$	11,129,760	 	 	$	13,912,200	 	 	$	97,385,400	 
	Nov-2012
	 	 	2	 	 	 	1.1914	 	 	$	279,818,000	 	 	$	873,180	 	 	$	11,192,720	 	 	$	13,990,900	 	 	$	97,936,300	 
	Feb-2013
	 	 	1	 	 	 	1.2034	 	 	$	282,636,000	 	 	$	901,360	 	 	$	11,305,440	 	 	$	14,131,800	 	 	$	98,922,600	 
	May-2013
	 	 	1	 	 	 	1.2117	 	 	$	284,586,000	 	 	$	920,860	 	 	$	11,383,440	 	 	$	14,229,300	 	 	$	99,605,100	 
	Aug-2013
	 	 	2	 	 	 	1.2197	 	 	$	286,465,000	 	 	$	939,650	 	 	$	11,458,600	 	 	$	14,323,250	 	 	$	100,262,750	 
	Nov-2013
	 	 	1	 	 	 	1.2268	 	 	$	288,132,000	 	 	$	956,320	 	 	$	11,525,280	 	 	$	14,406,600	 	 	$	100,846,200	 
	Feb-2014
	 	 	1	 	 	 	1.238	 	 	$	290,763,000	 	 	$	982,630	 	 	$	11,630,520	 	 	$	14,538,150	 	 	$	101,767,050