Document:

EX-10.30

  
   
    Exhibit 10.30 

    INFORMATION IN THIS EXHIBIT IDENTIFIED BY BRACKETS IS CONFIDENTIAL AND HAS BEEN EXCLUDED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT FEDEX TREATS AS PRIVATE OR CONFIDENTIAL. 

    Supplemental Agreement No. 21 

    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 29th day of June 2012, 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 (Aircraft); and 

    WHEREAS, Customer desires to cancel four (4) Block B Aircraft as shown in the Table below: 

     

    			
	 Manufacturer’s
 Serial Number
	 	 Existing
 Delivery Date

	 40677
	 	[*]
	 40678
	 	[*]
	 40680
	 	[*]
	 40681
	 	[*]

    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 that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	P.A. No. 3157	  	1	  	SA 21

    BOEING PROPRIETARY 

   

  
   

  

  
   
    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. 21. 

     

    	2.	 The following four (4) Block B Aircraft are hereby cancelled, and neither Boeing nor Customer shall have any further obligation with respect thereto except as set forth herein: 

     

    			
	 Manufacturer’s
 Serial Number
	 	 Existing
 Delivery Date

	 40677
	 	[*]
	 40678
	 	[*]
	 40680
	 	[*]
	 40681
	 	[*]

     

    	3.	 Remove and replace, in its entirety, Table 1-B with a revised Table 1-B, attached hereto, to reflect the change in quantity of the Aircraft. 

     

    	4.	 As a result of the changes incorporated in this Supplemental Agreement No. 21, excess advance payments in the amount of [*] are currently held by Boeing. Customer and Boeing agree that [*]. 

    EXECUTED as of the day and year first above written. 

     

    									
	THE BOEING COMPANY	 		 	FEDERAL EXPRESS CORPORATION
					
	By:	 	 /s/ STUART C. ROSS
	 		 	By:	 	 /s/ PHILLIP C. BLUM

	Its:	 	Attorney-In-Fact	 		 	Its:	 	Vice President

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
			
	P.A. No. 3157	  	2	  	SA 21
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    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	  	 	15	 
	 1A
	 	Block B [*] Aircraft Information Table	  	 	20	 
	 1B
	 	Block B [*] Aircraft Information Table	  	 	21	 
	 1C
	 	Block C Aircraft Information Table	  	 	13	 
	 1C1
	 	Block C Aircraft Information Table (MSN 39285)	  	 	11	 
	 1C2
	 	Block C Aircraft Information Table	  	 	20	 
	 1D
	 	Block D Aircraft Information Table	  	 	20	 
			
	 EXHIBIT
	 		  			
	 A.
	 	Aircraft Configuration	  	 	4	 
	 A1.
	 	Aircraft Configuration (Block B Aircraft)	  	 	4	 
	 A2.
	 	Aircraft Configuration (Block C Aircraft except MSN 39285)	  	 	11	 
	 A3.
	 	Aircraft Configuration (Block C Aircraft w/ MSN 39285)	  	 	11	 
	 A4.
	 	Aircraft Configuration (Block D Aircraft)	  	 	12	 
	 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

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	P.A. No. 3157	  	3	  	SA 21

    BOEING PROPRIETARY 

   

  
   

  

  
   
    							
		 		  	 	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	  	 	Exercised	 
		 	Attachment to Letter 6-1162-RCN-1789	  	 	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	 
		 	Attachment to Letter 6-1162-RRO-1062	  	 	20	 
	6-1162-RRO-1065	 	Performance Guarantees for Block B Aircraft	  	 	4	 
	6-1162-RRO-1066R1	 	Special Matters for Block B Aircraft	  	 	4	 
	6-1162-RRO-1067	 	Special Matters for Option Aircraft detailed in	  	 	4	 
		 	Letter Agreement 6-1162-RRO-1062	  			
	6-1162-RRO-1068	 	Special Provision – Block B Aircraft	  	 	4	 
	FED-PA-LA-1000790R3	 	Special Matters for Block C Aircraft	  	 	20	 
	FED-PA-LA-1001683R2	 	Special Matters for Block D Aircraft	  	 	19	 
	6-1162-RRO-1144R7	 	[*]	  	 	20	 
	6-1162-SCR-137	 	777F Miscellaneous Matters	  	 	20	 

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

     

    					
	P.A. No. 3157	  	4	  	SA 21

    BOEING PROPRIETARY 

   

  
   

  

  
   
    					
	 SUPPLEMENTAL AGREEMENTS
	  	 	  	 DATED AS OF:

	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
	Supplemental Agreement No. 9	  		  	June 18, 2010
	Supplemental Agreement No. 10	  		  	June 18, 2010
	Supplemental Agreement No. 11	  		  	August 19, 2010
	Supplemental Agreement No. 12	  		  	September 3, 2010
	Supplemental Agreement No. 13	  		  	August 27, 2010
	Supplemental Agreement No. 14	  		  	October 25, 2010
	Supplemental Agreement No. 15	  		  	October 29, 2010
	Supplemental Agreement No. 16	  		  	January 31, 2011
	Supplemental Agreement No. 17	  		  	February 14, 2011
	Supplemental Agreement No. 18	  		  	March 31, 2011
	Supplemental Agreement No. 19	  		  	October 27, 2011
	Supplemental Agreement No. 20	  		  	December 14, 2011
	Supplemental Agreement No. 21	  		  	June 29, 2012

     

     

    Omitted Attachments 

    Certain attachments to this exhibit regarding delivery and pricing of certain B777F aircraft manufactured by The Boeing Company for FedEx 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 these attachments to the Securities and Exchange Commission or its staff upon request. 

     

    					
	P.A. No. 3157	  	5	  	SA 21

    BOEING PROPRIETARYEX-10.31

  
   
    Exhibit 10.31 

    INFORMATION IN THIS EXHIBIT IDENTIFIED BY BRACKETS IS CONFIDENTIAL AND HAS BEEN EXCLUDED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT FEDEX TREATS AS PRIVATE OR CONFIDENTIAL. 

    Supplemental Agreement No. 22 

    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 11th day of December 2012, by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 

    W I T N E S S E T H: 

    A. 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 (Aircraft); and 

    B. WHEREAS, Customer and Boeing desire to revise the Block B Special Matters Letter Agreement to clarify a specific [*] as a result of a change to the Purchase Agreement incorporated in prior Supplemental Agreement No. 20 and this Supplemental Agreement No 22. 

    C. WHEREAS, in consideration of Customer adding four (4) [ * ] 767-3S2F aircraft as described in Supplemental Agreement No. 3 to purchase agreement No. 3712, Customer desires to reschedule the delivery date of two (2) firm Aircraft as shown below: 

     

    							
	 MSN
	  	Aircraft
Block	  	Prior Delivery Month
& Year for firm
Aircraft	 	Rescheduled
Delivery Month &
Year for firm
Aircraft
	 40674
	  	B	  	[ * ]	 	[ * ]
	 40675
	  	B	  	[ * ]	 	[ * ]

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	P.A. No. 3157	  	1	  	SA 22

    BOEING PROPRIETARY 

   

  
   

  

  
   
    D. WHEREAS, Customer desires to reschedule the delivery date of two (2) Option Aircraft as shown below: 

     

    					
	 MSN
	  	Prior Delivery
Month & Year for
Option Aircraft	 	Rescheduled Delivery
Month & Year for
Option Aircraft
	 TBD
	  	[ * ]	 	[ * ]
	 TBD
	  	[ * ]	 	[ * ]

    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. 22. 

     

    	 	2.	 Remove and replace, in its entirety, Letter Agreement 6-1162-RRO-1066 with a revised Letter Agreement 6-1162-RRO-1066R1, attached hereto, to reflect revised language as described in Recital Paragraph B. To reflect matters completed under prior Supplemental Agreement No. 20, Boeing agrees to issue Customer the [ * ] in total amount of [ * ] for each of the Block B Aircraft to bear MSN 40674 and 40675 within five (5) business days of the full execution of this Supplemental Agreement No. 22. 

     

    	 	3.	 The two Block B Aircraft described in Recital Paragraph C are hereby rescheduled as set forth in Recital Paragraph C. Remove and replace, in its entirety, Table 1-A with a revised Table 1-A, attached hereto, to reflect such rescheduling. 

     

    	 	4.	 The Option Aircraft described in Recital Paragraph D are hereby rescheduled as set forth in Recital Paragraph D. Remove and replace, in its entirety, Attachment to Letter Agreement 6-1162-RRO-1062 with a revised Attachment, attached hereto, to reflect such rescheduling. The parties agree and acknowledge that the Option Aircraft rescheduling herein is not being made, and, for the sake of clarity, the Option Aircraft rescheduled under Supplemental Agreement No. 20 was not made, under Article 4.2 of letter agreement 6-1162-RRO-1062; accordingly, with respect to the foregoing rescheduled Option Aircraft, (i) [ * ], (ii) [ * ] and (iii) the [ * ] to the end of the then-current [ * ] stream. 

     

     

     

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	P.A. No. 3157	  	2	  	SA 22

    BOEING PROPRIETARY 

   

  
   

  

  
   
    	 	5.	 Letter agreement 6-1162-SCR-154 is added to the Purchase Agreement in this Supplemental Agreement No. 22 to address [ * ]. 

     

    	 	6.	 Letter agreement 6-1162-SCR-155 is added to the Purchase Agreement in this Supplemental Agreement No. 22. The parties acknowledge and agree that paragraph 5 of letter agreement FED-PA-LA-1000790R3 applies to the [ * ] Kits ordered and delivered to Customer and (ii) Kits [ * ] ordered by and delivered to Customer shall be governed by the terms of letter agreement 6-1162-SCR-155, as amended. 

     

    	 	7.	 As a result of the changes incorporated in this Supplemental Agreement No. 22, [ * ] payments in the amount of [ * ] are currently being held by Boeing. Customer and Boeing agree that [ * ] will continue to be treated under the Purchase Agreement as [ * ] payments and further that Boeing will apply [ * ] of the [ * ] payments to satisfy the amount due under Purchase Agreement No. 3712 upon execution of Supplemental Agreement No. 3 thereto and the [ * ] payments of [ * ] no later than January 3, 2013. [ * ]. For clarity, the terms “pre-delivery payment(s)”, “PDP(s)” and “advance payment(s)” are used on an interchangeable basis. 

     

    	 	8.	 This Supplemental Agreement No. 22 to the Purchase Agreement shall not be effective unless (i) executed and delivered by the parties on or prior to December 11, 2012 and (ii) Customer and Boeing execute and deliver Supplemental Agreement No. 3 to Purchase Agreement No. 3712 on or before December 11, 2012. 

     

    									
	EXECUTED as of the day and year first above written.
				
	THE BOEING COMPANY	  	    	  		  	FEDERAL EXPRESS CORPORATION
					
	By:	  	 /s/ STUART C. ROSS
	  		  	By:	  	 /s/ PHILLIP C. BLUM

					
	Its:	  	 Attorney-In-Fact
	  		  	Its:	  	 VP Aircraft Acquisition

     

     

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	P.A. No. 3157	  	3	  	SA 22

    BOEING PROPRIETARY 

   

  
   

  

  
   
    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	  	 	15	 
	 1A
	 	Block B Firm Aircraft Information Table	  	 	22	 
	 1B
	 	Block B Conditional Firm Aircraft Information Table	  	 	21	 
	 1C
	 	Block C Aircraft Information Table	  	 	13	 
	 1C1
	 	Block C Aircraft Information Table (MSN 39285)	  	 	11	 
	 1C2
	 	Block C Aircraft Information Table	  	 	20	 
	 1D
	 	Block D Aircraft Information Table	  	 	20	 
			
	 EXHIBIT
	 		  			
	 A.
	 	Aircraft Configuration	  	 	4	 
	 A1.
	 	Aircraft Configuration (Block B Aircraft)	  	 	4	 
	 A2.
	 	Aircraft Configuration (Block C Aircraft except MSN 39285)	  	 	11	 
	 A3.
	 	Aircraft Configuration (Block C Aircraft w/ MSN 39285)	  	 	11	 
	 A4.
	 	Aircraft Configuration (Block D Aircraft)	  	 	12	 
	 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 22

    BOEING PROPRIETARY 

   

  
   

  

  
   
    							
	 	 	 	  	SA
NUMBER	 
	 LETTER AGREEMENT
	 		  			
			
	 3157-01
	 	777 Spare Parts Initial Provisioning	  			
			
	 3157-02
	 	Demonstration Flight Waiver	  			
			
	 6-1162-RCN-1785 
	 	Demonstrated Compliance	  			
			
	 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	 
			
		 	Attachment to Letter 6-1162-RRO-1062	  	 	22	 
			
	 6-1162-RRO-1065 
	 	Performance Guarantees for Block B Aircraft	  	 	4	 
			
	 6-1162-RRO-1066 R1
	 	Special Matters for Block B Aircraft	  	 	22	 
			
	 6-1162-RRO-1067 
	 	Special Matters for [ * ] Letter Agreement 6-1162-RRO-1062	  	 	4	 
			
	 6-1162-RRO-1068 
	 	Special Provision – Block B Aircraft	  	 	4	 
			
	 FED-PA-LA-1000790R3 
	 	Special Matters for Block C Aircraft	  	 	20	 
			
	 FED-PA-LA-1001683R2 
	 	Special Matters for Block D Aircraft	  	 	19	 
			
	 6-1162-RRO-1144R7 
	 	[ * ] as related to SAs #8, #13 through #16, SA # 18 through SA #20	  	 	20	 
			
	 6-1162-SCR-137 
	 	777F Miscellaneous Matters	  	 	20	 
			
	 6-1162-SCR-154
	 	[ * ] Letter	  	 	22	 
			
	 6-1162-SCR-155
	 	[ * ] Engine Hard Mount Letter	  	 	22	 

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	P.A. No. 3157	  	5	  	SA 22

    BOEING PROPRIETARY 

   

  
   

  

  
   
    			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

		
	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
		
	Supplemental Agreement No. 9	  	June 18, 2010
		
	Supplemental Agreement No. 10	  	June 18, 2010
		
	Supplemental Agreement No. 11	  	August 19, 2010
		
	Supplemental Agreement No. 12	  	September 3, 2010
		
	Supplemental Agreement No. 13	  	August 27, 2010
		
	Supplemental Agreement No. 14	  	October 25, 2010
		
	Supplemental Agreement No. 15	  	October 29, 2010
		
	Supplemental Agreement No. 16	  	January 31, 2011
		
	Supplemental Agreement No. 17	  	February 14, 211
		
	Supplemental Agreement No. 18	  	March 31, 2011
		
	Supplemental Agreement No. 19	  	October 27, 2011
		
	Supplemental Agreement No. 20	  	December 14, 2011
		
	Supplemental Agreement No. 21	  	June 29, 2012
		
	Supplemental Agreement No. 22	  	December 11, 2012

     

     

    					
	P.A. No. 3157	  	6	  	SA 22

    BOEING PROPRIETARY 

   

  
   

  

  
   
      

    November 29, 2012 

    6-1162-SCR-155 

    Federal Express Corporation 

    3131 Democrat 

    Memphis, TN 38118 

     

    			
	Attention:	  	Mr. Kevin Burkhart
		  	Managing Director – Aircraft Acquisitions & Sales
		
	Subject:	  	[ * ] Engine Hard Mount Kits (Kits) [ * ] Memoranda/[ * ]
		
	References:	  	1. Purchase Agreement 3157 dated November 7, 2006 (Purchase Agreement), between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (Aircraft), and
		
		  	2. Letter agreement FED-PA-LA-1000790R3 entitled “Special Matters for Block C Aircraft”, paragraph 5 concerning Kits.

     

    	 	1.	 [ * ] memoranda/[ * ] for Kits [ * ] through [ * ]. 

    [ * ] 

     

    	 	2.	 [ * ] memoranda/[ * ] for Kits [ * ] through [ * ]. 

    [ * ] 

     

    	 	3.	 [ * ] memoranda/[ * ] for Kits [ * ] through [ * ]. 

    [ * ] 

     

    	 	4.	 No Obligation. 

    Nothing herein creates an obligation by Customer to purchase additional Kits. 

    5. Confidential Treatment. 

     

     

     

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
	6-1162-SCR-155	  		  	SA-22
		  		  	Page 1

   

  
   

  

  
   
      

    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. Notwithstanding the above, Boeing acknowledges that Customer may disclose this Letter Agreement / and attachment(s) hereto to FedEx Corporation, its Board of Directors, and to Customer’s and FedEx Corporation’s professional advisors who are under a duty of confidentiality with respect thereto. 

     

    			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 /s/ STUART C. ROSS

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 December 11, 2012

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ PHILLIP C. BLUM

		
	Its	 	 Vice President Aircraft Acquisition

	
	Attachment

     

    					
	6-1162-SCR-155	  		  	SA-22
		  		  	Page 2

   

  
   

  

  
   
    			
	  	  	 The Boeing Company

	  	 P.O. Box 3707

	  	 Seattle, WA 98124-2207
  

     

    November 29, 2012 

    6-1162-SCR-154 

    Federal Express Corporation 

    3131 Democrat 

    Memphis, TN 38118 

     

    			
	Attention:	  	Mr. Kevin Burkhart
		  	Managing Director – Aircraft Acquisitions & Sales
		
	Subject:	  	 [ * ] Resulting From Execution of Supplemental Agreement No. 22 (SA 22) to Purchase Agreement 3157.

		
	Reference:	  	Purchase Agreement 3157 dated November 7, 2006 (Purchase Agreement), between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (Aircraft)

    Dear Mr. Burkhart: 

     

    	 	1.	 Background. 

    Boeing and Customer acknowledge and agree that, upon execution of SA 22 to the Purchase Agreement by the parties, [ * ]. 

    [ * ] 

    For clarity, the terms “pre-delivery payment(s)”, “PDP(s)” and “advance payment(s)” are used on an interchangeable basis. 

     

    	 	2.	 [*]. 

    [ * ] 

     

    	 	3.	 [ * ] 

    [ * ] 

     

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
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    4. 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. Notwithstanding the above, Boeing acknowledges that Customer may disclose this Letter Agreement / and attachment(s) hereto to FedEx Corporation, its Board of Directors, and to Customer’s and FedEx Corporation’s professional advisors who are under a duty of confidentiality with respect thereto. 

     

    			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 /s/ STUART C. ROSS

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 December 11, 2012

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ PHILLIP C. BLUM

		
	Its	 	 Vice President Aircraft Acquisition

     

    					
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	  	  	 The Boeing Company

	  	 P.O. Box 3707

	  	 Seattle, WA 98124-2207
  

     

    6-1162-RRO-1066R1 

    November 29, 2012 

    Federal Express Corporation 

    3610 Hacks Cross Road 

    Memphis, TN 38125 

     

    			
	Subject:	  	Special Matters for Block B Aircraft
		
	Reference:	  	Purchase Agreement No. 3157 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (Aircraft)

    This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In addition, this Letter Agreement cancels and supersedes 6-1162-RRO-1066 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

     

    	1.	 BASIC [ * ] MEMORANDUM. 

    [ * ] 

     

    	2.	 ADDITIONAL [ * ] MEMORANDUM. 

    [ * ] 

     

    	3.	 [ * ] MEMORANDUM. 

    [ * ] 

     

    	4.	 [ * ]. 

     

    	5.	 ELECTRONIC FLIGHT BAG (EFB) [ * ]. Contingent upon Customer selecting 

    [ * ]. 

     

    	6.	 ADDITIONAL CUSTOMER [ * ]. 

    [ * ]. 

     

    	7.	 [ * ] RIGHTS. 

    [ * ] 

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
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    	8.	 [ * ] ASSURANCE. 

    [ * ] 

     

    	9.	 WARRANTY PROGRAM [ * ]. 

    [ * ] 

     

    	10.	 [ * ] 

    [ * ] 

     

    	11.	 AIRCRAFT ACCELERATION OPPORTUNITIES. 

    Boeing acknowledges Customer may desire to have earlier delivery positions for the Block B Aircraft. Boeing agrees to keep Customer apprised of any earlier delivery positions which may become available (subject to manufacturing and production constraints). 

     

    	12.	 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 B 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. 

     

    	13.	 CONFIDENTIAL TREATMENT. 

    Customer understands that Boeing considers certain commercial and financial information contained in this Letter Agreement as confidential. Each of Customer and Boeing agree that it will treat this Letter Agreement and the information contained herein as confidential. Customer agrees to limit the disclosure of the contents of this Letter Agreement to employees of Customer with a need to know and who understand that they are not to disclose its content to any other person or entity without the prior written consent of Boeing. Notwithstanding the forgoing, Customer may disclose this Letter Agreement and the terms and conditions herein to its parent company, FedEx Corporation, to the Board of Directors of its parent corporation, FedEx Corporation, to its professional advisors under a duty of confidentiality with respect hereto, and as required by law. 

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

     

     

     

    	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type that FedEx treats as private or confidential. 

     

    					
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	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 /s/ STUART C. ROSS

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 December 11, 2012

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ PHILLIP C. BLUM

		
	Its	 	 Vice President Aircraft Acquisition

     

     

     

    Omitted Attachments 

    Certain attachments to this exhibit regarding delivery and pricing of certain B777F aircraft manufactured by The Boeing Company for FedEx 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 these attachments to the Securities and Exchange Commission or its staff upon request. 

     

    					
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