Document:

EX-10.13

 Exhibit 10.13 

FedEx contract 07-0255-034 

Supplemental Agreement No. 26 

to 
 Purchase Agreement
No. 3157 
 between 
 The
Boeing Company 
 And 
 Federal
Express Corporation 
 Relating to Boeing Model 777-FREIGHTER Aircraft 

THIS SUPPLEMENTAL AGREEMENT No. 26 (SA-26), entered into as of the 10th day of February 2017, 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); 

B. WHEREAS, Customer desires to reschedule the delivery month of two (2) Block C Aircraft as shown in the table below (SA-26 Accelerated Block C Aircraft): 
  

					
	 Aircraft Block
	  	 Existing Delivery

Month of

Aircraft
	  	 Revised Delivery

Month of

Aircraft

	C	  	[*]	  	[*]
	C	  	[*]	  	[*]

 C. WHEREAS, Customer desires to reschedule the delivery month of four (4) Option Aircraft under Letter
Agreement 6-1162-RRO-1062, Option Aircraft, to the Purchase Agreement as shown in the table below: 

 

			
	 Existing Delivery

Months of Option

Aircraft
	  	 Revised Delivery

Months of Option

Aircraft

	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	P.A. No. 3157	  	1	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

 D. WHEREAS, Boeing and Customer desire to acknowledge that one (1) Block B [*] Aircraft
having a scheduled month of delivery of [*] in accordance with the terms of Letter Agreement 6-1162-RRO-1068, Special
Provision – Block B Aircraft, due to the [*] provision therein as it relates to such Block B Aircraft. 
 E. WHEREAS, Boeing has
agreed to provide additional commercial and business considerations for the SA-26 Accelerated Block C Aircraft. 

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. 26. 

 

	2.	Boeing and Customer agree that upon execution of this Supplemental Agreement No. 26 (i) the SA-26 Accelerated Block C Aircraft are hereby rescheduled as described in Recital
Paragraph B above and (ii) the four (4) Option Aircraft described in Recital Paragraph C above are hereby rescheduled as described herein. 

  

	3.	Remove and replace, in its entirety, “Table 1-A”, with the revised Table 1-A, attached hereto, revised to reflect the addition of
one (1) Block B Aircraft having a scheduled month of delivery [*] as a firm Block B Aircraft. 

  

	4.	Remove and replace, in its entirety, “Table 1-B”, with the revised Table 1-B, attached hereto, revised to reflect the removal of
one (1) Block B conditional firm Aircraft having a scheduled month of delivery [*]. 

  

	5.	Remove and replace, in its entirety, “Table 1-C2”, with the revised Table 1-C2, attached hereto, revised to reflect (i) the
revised delivery month and [*], Advance Payment Base Price and Advance Payment(s), subject to Paragraph 5, below, resulting from the reschedule of the SA-26 Accelerated Block C Aircraft. 

 

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	P.A. No. 3157	  	2	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

	6.	Remove and replace, in its entirety, the Attachment to Letter Agreement 6-1162-RRO-1062, Option
Aircraft, with a revised Attachment, attached hereto, to reflect the rescheduling of four (4) Option Aircraft described in Recital Paragraph C above. Boeing and Customer acknowledge and agree that the rescheduling of Option Aircraft herein
is not made pursuant to paragraph [*], and accordingly, for the avoidance of doubt [*]. Boeing and Customer further agree that, (i) notwithstanding the reschedule, the Option Aircraft described in Recital Paragraph C will retain the [*].

  

	7.	Add Letter Agreement 6-1162-LKJ-0737, Special Matters –
SA-26 Accelerated Block C Aircraft, attached hereto, to reflect additional commercial and business considerations to be provided for the SA-26 Accelerated Block C
Aircraft. For the avoidance of doubt, the SA-26 Accelerated Block C Aircraft also retain the commercial and business considerations applicable to Block C Aircraft. 

 

	8.	This Supplemental Agreement No. 26 to the Purchase Agreement shall not be effective unless executed and delivered by the parties on or prior to February 10, 2017. 

 

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	P.A. No. 3157	  	3	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

 EXECUTED as of the day and year first above written. 

 

									
	THE BOEING COMPANY	 		 	FEDERAL EXPRESS CORPORATION
					
	By:	 	 /s/ L. Kirsten Jensen
	 		 	By:	 	 /s/ Phillip C. Blum

					
	Its:	 	 Attorney-In-Fact
	 		 	Its:	 	 VP Aircraft Acquisitions & Planning and Performance

  

					
	P.A. No. 3157	  	4	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

 TABLE OF CONTENTS 
  

									
	 ARTICLES
	  	SA
NUMBER	 
				
		 	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	  	 	26	 
		 	1B	 	Block B Conditional Firm Aircraft Information Table	  	 	26	 
		 	1C	 	Block C Aircraft Information Table	  	 	13	 
		 	1C1	 	Block C Aircraft Information Table (MSN 39285)	  	 	11	 
		 	1C2	 	Block C Aircraft Information Table	  	 	26	 
		 	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	  	5	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

					
	 LETTER AGREEMENT
	 	 	  	 SA
NUMBER

			
	 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-1799R1
	 	[*]	  	24
	
6-1162-RRO-1062

	 	 Option Aircraft
 Attachment to Letter 6-1162-RRO-1062
	  	26
	 6-1162-RRO-1065
	 	Performance Guarantees for Block B Aircraft	  	4
	 6-1162-RRO-1066R1
	 	Special Matters for Block B Aircraft	  	22
	 6-1162-RRO-1067
	 	Special Matters for Option Aircraft detailed in 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
	 6-1162-SCR-186
	 	[*], Non-Isolated Engine Mounts Letter	  	23
	 6-1162-SCR-193
	 	[*] Matters	  	23

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

  

					
	P.A. No. 3157	  	6	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

					
	 LETTER AGREEMENT
	 	 	  	 SA
NUMBER

			
	 6-1162-LKJ-0726
	 	[*] SA-24 Accelerated Block B Aircraft	  	24
	 6-1162-LKJ-0737
	 	Special Matters – SA-26 Accelerated Block C Aircraft	  	26

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	P.A. No. 3157	  	7	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

			
	 	  	SA          
	 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
		
	Supplemental Agreement No. 23	  	December 10, 2013
		
	Supplemental Agreement No. 24	  	May 4, 2016
		
	Supplemental Agreement No. 25	  	June 10, 2016
		
	Supplemental Agreement No. 26	  	February 10, 2017

  

					
	P.A. No. 3157	  	8	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

 Table 1-A to Purchase Agreement No. 3157 

Aircraft Delivery, Description, Price and Advance Payments 

Block B Firm 

 

							
	 Airframe Model/MTOW:
	  	777-Freighter	  	 	766000 pounds	 
			
	 Engine Model/Thrust:
	  	GE90-110B1L	  	 	110000 pounds	 
		
	 Airframe Price:
	  	 	[*]	 
		
	 Optional Features:
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Sub-Total of Airframe and
Features:
	  	 	[*]	 
		
	 Engine Price (Per Aircraft):
	  	 	[*]	 
		
	 Aircraft Basic Price (Excluding BFE/SPE):
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Buyer Furnished Equipment (BFE) Estimate:
	  	 	[*]	 
		
	 Seller Purchased Equipment (SPE) Estimate:
	  	 	[*]	 
		
	 Non-Refundable Deposit/Aircraft at Def
Agreement:
	  	 	[*]	 

 

									
	 Detail Specification:
D019W007FED7F-1, Rev G dated July 25, 2012 

				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*]	 	 		 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	N/A	 	 		 	N/A
				
	 Airframe Escalation Data:
	 				 		 	
				
	 Base Year Index (ECI):
	 				 	[*]	 	
				
	 Base Year Index (CPI):
	 				 	[*]	 	

 
 

  

																			
	 	 	 	 	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)	 	 	MSN	 	Price Per A/P	 	1%	 	4%	 	5%	 	35%
	[*]	 	1	 	 	[*]	 	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	 	[*]	 	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	 	[*]	 	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	 	[*]	 	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	 	[*]	 	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	 	5	 				 	 1    SA-24 Accelerated Block B Aircraft. [*] for the SA-24 Accelerated Block B Aircraft are subject to Letter Agreement 6-1162-LKJ-0726.

  

	NOTES:	[*] 

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	APR No. 62654, 79650	  	BOEING PROPRIETARY	  	Supplemental Agreement No. 26

 Table 1-B to Purchase Agreement No. 3157 

Aircraft Delivery, Description, Price and Advance Payments 

Block B Conditional Firm 

 

							
	 Airframe Model/MTOW:
	  	777-Freighter	  	 	766000 pounds	 
			
	 Engine Model/Thrust:
	  	GE90-110B1L	  	 	110000 pounds	 
		
	 Airframe Price:
	  	 	[*]	 
		
	 Optional Features:
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Sub-Total of Airframe and Features:
	  	 	[*]	 
		
	 Engine Price (Per Aircraft):
	  	 	[*]	 
		
	 Aircraft Basic Price (Excluding BFE/SPE):
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Buyer Furnished Equipment (BFE) Estimate:
	  	 	[*]	 
		
	 Seller Purchased Equipment (SPE) Estimate:
	  	 	[*]	 
		
	 Non-Refundable Deposit/Aircraft at Def Agreemt:
	  	 	[*]	 

											
	 Detail Specification: D019W007FED7F-1, Rev E dated August 29,
2011

				
	 Airframe Price Base Year/Escalation Formula:
	  	 	[*]	 	  				  	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	  	 	N/A	 	  				  	N/A
				
	 Airframe Escalation Data:
	  				  				  	
				
	 Base Year Index (ECI):
	  	 	[*]	 	  				  	
				
	 Base Year Index (CPI):
	  	 	[*]	 	  				  	

 
 

  

																	
	 	 	 	 	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)	 	MSN	 	Price Per A/P	 	1%	 	4%	 	5%	 	35%
	[*]	 	1	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	 	6	 		 		 		 		 		 		 	

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

  

					
	APR 50270	  		  	Supplemental Agreement #26
		  	Boeing Proprietary	  	Page 1

 Table 1-C2 To 

Purchase Agreement No. PA-3157 

Aircraft Delivery, Description, Price and Advance Payments 

 

							
	 Airframe Model/MTOW:
	  	777-Freighter	  	 	766000 pounds	 
			
	 Engine Model/Thrust:
	  	GE90-110B1L	  	 	110100 pounds	 
		
	 Airframe Price:
	  	 	[*]	 
		
	 Optional Features:
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Sub-Total of Airframe and Features:
	  	 	[*]	 
		
	 Engine Price (Per Aircraft):
	  	 	[*]	 
		
	 Aircraft Basic Price (Excluding BFE/SPE):
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Buyer Furnished Equipment (BFE) Estimate:
	  	 	[*]	 
		
	 Seller Purchased Equipment (SPE) Estimate:
	  	 	[*]	 
		
	 Deposit per Aircraft
	  	 	[*]	 

 

											
	 Detail Specification: D019W007FED7F-1, Rev E dated August 29,
2011

				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*]	 	 				 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	N/A	 	 				 	N/A
				
	 Airframe Escalation Data:
	 				 				 	
				
	 Base Year Index (ECI):
	 	 	[*]	 	 				 	
				
	 Base Year Index (CPI):
	 	 	[*]	 	 				 	
				
		 				 				 	

 
 

  

																			
	 	 	 	 	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)	 	MSN	 	 	 	Price Per A/P	 	1%	 	4%	 	5%	 	35%
	[*]	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	2	 	[*]	 	[*]	 	SA-26 Accelerated
Block C Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	 	4	 		 		 		 		 		 		 		 	

  

			
	Notes:	 	1) [*]
		 	2) [*] for the SA-26 Accelerated Block C Aircraft are subject to Letter Agreement
6-1162-LKJ-0737, Special Matters - SA 26 Accelerated Block C Aircraft

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	FED	  		  	Supplemental Agreement No. 26
		  	BOEING PROPRIETARY	  	Page 1

 Attachment to 

Letter 6-1162-RRO-1062 

Option Aircraft Delivery, Description, Price and Advance Payments 

 

							
	 Airframe Model/MTOW:
	  	777-Freighter	  	 	766000 pounds	 
			
	 Engine Model/Thrust:
	  	GE90-110B1L	  	 	110100 pounds	 
		
	 Airframe Price:
	  	 	[*]	 
		
	 Optional Features:
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Sub-Total of Airframe and
Features:
	  	 	[*]	 
		
	 Engine Price (Per Aircraft):
	  	 	[*]	 
		
	 Aircraft Basic Price (Excluding BFE/SPE):
	  	 	[*]	 
		  		  	  
	  
	 
		
	 Buyer Furnished Equipment (BFE) Estimate:
	  	 	[*]	 
		
	 Seller Purchased Equipment (SPE) Estimate:
	  	 	[*]	 
		
	 Deposit/Aircraft at Def Agreemt:
	  	 	[*]	 

 

											
	 Detail Specification:
D019W007FED7F-1 Rev E dated August 29, 2011

				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*]	 	 				 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	N/A	 	 				 	N/A
				
	 Airframe Escalation Data:
	 				 				 	
				
	 Base Year Index (ECI):
	 	 	[*]	 	 				 	
				
	 Base Year Index (CPI):
	 	 	[*]	 	 				 	
				
	
Forecast:                
    2Q08
	 				 				 	

 
 

  

															
	 	 	 	 	 	 	 	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	 	Number of	 	Escalation
Factor	 	Escalation Estimate
Adv Payment Base	 	Balance At Option
Exercise	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	Date	 	Aircraft	 	(Airframe)1	 	Price Per A/P	 	1%	 	4%	 	5%	 	35%
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	 	11	 		 		 		 		 		 	

  

	1 	The Escalation Factor for the Option Aircraft will be adjusted to Boeing’s then current forecasts for such elements as of the date of the amendment to the definitive agreement to add the exercised Option Aircraft
as an Aircraft. 

  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended. 

  

					
	FED	  		  	Supplemental Agreement No. 26
	50271, 97697.TXT	  	BOEING PROPRIETARY	  	Page 1

			
	

	 	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

  

  

FedEx contract # 07-0255-034 
 6-1162-LKJ-0737

 Federal Express Corporation 
 3131 Democrat Road 

Memphis, TN 38125 
  

			
	Subject:	 	Special Matters – SA-26 Accelerated Block C Aircraft
		
	Reference:	 	(a) Purchase Agreement No. 3157 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER aircraft
(Aircraft)
		
		 	(b) Letter Agreement FED-PA-LA-1000790R3, Special Matters for Block C Aircraft

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used
but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. The terms of this Letter Agreement apply to the SA-26 Accelerated Block C Aircraft as defined in Supplemental Agreement No. 26 to the Purchase
Agreement (SA-26). 
 1. In consideration of the acceleration of the SA-26 Accelerated Block C Aircraft, Boeing will provide, in addition to the provisions
of the reference (b) letter agreement, the following business considerations. 
 1.1 [*] 

[*] 
 1.2 [*] ADVANCE
PAYMENTS. 
 1.2.1 As a consequence of the acceleration of the SA-26 Accelerated Block C Aircraft, Customer will owe certain advance
payments for the SA-26 Accelerated Block C Aircraft before [*] in accordance with the advance payment schedule provided in Table 1-C2 of the Purchase Agreement (Standard Advance Payment Schedule). 

[*] 
 1.2.2 [*] 

1.3 [*] 
 [*] 

 

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

  

			
	6-1162-LKJ-0737	  	Page 1
	Special Matters – SA-26 Accelerated Block C Aircraft	  	 SA-26 

BOEING PROPRIETARY 

 

 
  

 1.4 BUYER FURNISHED EQUIPMENT MATTERS. 

The attachment to this letter agreement provides initial BFE on-dock dates for the SA-26 Accelerated Block C Aircraft. Subsequent updates to BFE on-doc dates will be electronically provided through My Boeing Fleet but such updated dates will be no earlier
than the dates provided in the attachment to this Letter Agreement. 
 [*] 
  

	2.	ADVANCE PAYMENT SETOFF RIGHTS. 

 Customer agrees that if it defaults on any monetary
obligation under the Purchase Agreement and has failed to cure such default within five (5) calendar days of receiving written notice from Boeing, then Boeing may apply any/all advance payments paid by Customer to cure, in part or in whole, any
default made with respect to any Aircraft or other obligation in the Purchase Agreement. In the event that Boeing exercises such setoff rights and applies any advance payments to cure any such default by Customer with respect to an
Aircraft or other obligation in the Purchase Agreement, Boeing will be entitled to require Customer to replace within ten days of written notice, the amount of advance payments applied to cure such default such that the total amount of advance
payments will be restored to the aggregate amount of advance payments owed at that time by Customer. 
  

	3.	ASSIGNMENT. 

 The [*] and other business arrangements set forth in this Letter Agreement
are [*] to Customer and in consideration of Customer taking title to the SA-26 Accelerated Block C Aircraft at the time of delivery and cannot be assigned, in whole or in part, without the prior written
consent of Boeing. 
  

	4.	CONFIDENTIAL TREATMENT. 

 Customer and Boeing consider 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. 
  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

  

			
	6-1162-LKJ-0737	  	Page 2
	Special Matters – SA-26 Accelerated Block C Aircraft	  	 SA-26 

BOEING PROPRIETARY 

 

 
  

			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 /s/ L. Kirsten Jensen

		
	Its	 	
Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 February 10, 2017

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 VP Aircraft Acquisitions & Planning and Performance

  

			
	6-1162-LKJ-0737	  	Page 3
	Special Matters – SA-26 Accelerated Block C Aircraft	  	 SA-26 

BOEING PROPRIETARY 

 Attachment to 

Letter Agreement
6-1162-LKJ-0737 

[*] 
  

	*	Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended.EX-10.14

 Exhibit 10.14 

CONSULTING AGREEMENT 

THIS CONSULTING AGREEMENT, made as of the 1st day of January, 2017,
between FEDEX CORPORATION (“FedEx”) and T. Michael Glenn (“Consultant”). 
 RECITALS 

 

	1.	Consultant has retired from FedEx at close of business on December 31, 2016. 

  

	2.	FedEx desires to engage Consultant to perform the services described in this Agreement. 

  

	3.	Consultant is willing and able to perform the services for FedEx in accordance with the terms of this Agreement. 

FOR AND IN CONSIDERATION of the mutual covenants contained in this Agreement, FedEx and Consultant (the
“Parties”) agree as follows: 
 SECTION 1.
SCOPE OF WORK. In consideration of FedEx’s payments under this Agreement, Consultant shall perform in accordance with the terms of this Agreement the
services described in Exhibit “A” (the “Work”). 
 SECTION 2. TERM. 

(a) The term of this Agreement (the “Term”) shall commence on January 1, 2017 and shall expire, unless earlier terminated, on
December 31, 2021 (the “Completion Date”). 
 (b) FedEx and Consultant shall each have the unlimited right to terminate this
Agreement before the Completion Date by giving ninety (90) days prior written notice to the other party. In such event, Consultant shall be entitled to the Consideration set forth in Section 3 hereof and Reimbursables actually incurred as
of the effective date of termination. 
 SECTION 3. CONSULTANT’S CONSIDERATION. In
consideration of Consultant’s performance of the Work in accordance with this Agreement, FedEx shall pay Consultant consideration (the “Consideration”) as set forth in Exhibit B. 

SECTION 4. TAXES. Unless otherwise provided in Exhibit “B”, the Consideration includes the
amount of any present or future sales, use, excise or other similar transaction taxes applicable to the performance of the Work or any transfers under this Agreement (together “Taxes”), and FedEx shall have no responsibility for the
payment of any such Taxes. 
 SECTION 5. REIMBURSABLES. In addition to the Consideration, FedEx
shall reimburse Consultant for reasonable and necessary expenses incurred by Consultant in the performance of the Work on a basis consistent with that of FedEx Executive Management (“Reimbursables”). Reimbursables for travel expenses will
be paid only in accordance with FedEx’s policy for the payment of travel expenses to its own employees, a copy of which will be provided to Consultant upon request. FedEx shall make available to Consultant reasonable administrative assistance
and provide certain other perquisites as set forth on Exhibit B. 

 SECTION 6.
INVOICES AND PAYMENT. 
 (a) Consultant shall submit
to FedEx an invoice for Reimbursables incurred during the invoice period. Consultant’s invoices must be accompanied by copies of invoices from its subcontractors, suppliers, materialmen, and vendors (if any), together with complete
documentation of any Reimbursables claimed and any other documentation as may be requested by FedEx for its proper review of Consultant’s invoice. 

(b) FedEx shall promptly review Consultant’s invoice and approve for payment such amounts as FedEx reasonably determines to be properly
due under the Agreement. Payment by FedEx shall be made within thirty (30) days of FedEx’s receipt and approval of Consultant’s invoice. FedEx shall state in writing its reason for withholding any or all of the moneys requested by
Consultant. 
 SECTION 7.
RIGHT OF AUDIT. Consultant shall keep full and accurate records and documentation to substantiate the amounts claimed in any invoice, which records shall be made
available to FedEx at all times. In addition, Consultant’s records shall be open to audit by FedEx or any authorized representative of FedEx during the Term of this Agreement and until two (2) years after completion of the Work or earlier
termination of this Agreement, whichever occurs first. 
 SECTION 8.
RIGHT TO WITHHOLD PAYMENTS. In addition to its rights to withhold payments under Sections 5 and 6 herein, FedEx may withhold any
payment in whole or in part to protect itself from (i) defective or unsatisfactory performance of the Work by Consultant, (ii) third-party claims filed or reasonable evidence indicating probable filing of third-party claims arising from
Consultant’s performance of the Work, (iii) failure of Consultant to make payments properly to any of its subcontractors, or (iv) evidence of fraud, overbilling or over-payment discovered upon audit. Additionally, FedEx shall have the
right to recover any amounts previously paid in error or to withhold or set-off moneys from future payments as FedEx deems reasonably necessary to recover any amounts previously paid in error or to protect
itself against charges associated with services not performed in accordance with this Agreement. 
 SECTION 9.
INDEPENDENT CONTRACTOR RELATIONSHIP. The Parties intend that an independent contractor relationship will be created by this Agreement. FedEx is interested only in
the results of Consultant’s work and shall not exercise any control over the conduct or supervision of the Work or the means of its performance. Consultant shall have full responsibility for the payment of all federal, state, and local taxes
and contributions, including penalties and interest, imposed against Consultant pursuant to unemployment insurance, social security, income tax, workers’ compensation or any other similar statute, and Consultant shall be solely responsible for
any liability to third-parties resulting from the negligent or intentional acts or omissions of Consultant, its agents, employees or subcontractors arising from or occurring in the course of the Work. 

SECTION 10. DISCLOSURE OF INFORMATION. 

(a) Consultant acknowledges that certain of FedEx’s valuable, confidential and proprietary information may come into
Consultant’s possession. Accordingly, Consultant agrees that all such information furnished to Consultant by FedEx shall remain the exclusive property of FedEx, and agrees to hold all information he obtains from or about FedEx in strictest
confidence, not to use such information other than for the performance of the Work, and to cause any of Consultant’s employees or subcontractors to whom such information is transmitted to be bound to the same obligation of confidentiality to
which Consultant is bound. Consultant shall not communicate FedEx’s information in any form to any third party without FedEx’s prior written consent. In addition, Consultant agrees that it will conform to the provisions of applicable

  
 2 

 
securities laws in connection with its use of any confidential information. In the event of any violation of this provision, FedEx shall be entitled to preliminary and permanent injunctive relief
as well as an equitable accounting of all profits or benefits arising out of such violation, which remedy shall be in addition to any other rights or remedies to which FedEx may be entitled. 

(b) Within ten (10) days of the expiration or earlier termination of this Agreement, if requested, Consultant shall return all originals
and copies of any confidential information originally disclosed by FedEx to Consultant which has been fixed in any tangible means of expression. 

(c) Consultant understands that nothing contained in this Agreement limits Consultant’s ability to file a charge or complaint with the
Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or commission
(“Government Agencies”). Consultant further understands that this Agreement does not limit Consultant’s ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be
conducted by any Government Agency, including providing documents or other information, without notice to FedEx. This Agreement does not limit Consultant’s right to receive an award for information provided to any Government Agencies or to
engage in any future activities protected under whistleblower statutes. 
 SECTION 11. OWNERSHIP OF DOCUMENTS.

 (a) Consultant agrees that all compositions of matter (or improvements thereof), techniques, drawings, specifications, renderings and
all other documents, data and materials (“Materials”) in any way related to the Work produced by Consultant for FedEx pursuant to this Agreement shall be the sole property of FedEx and shall be delivered to FedEx upon its request, but in
any event upon the expiration or earlier termination of this Agreement. 
 (b) Except as provided in Exhibit B, all property and Materials
originated, developed or owned by FedEx prior to the commencement of this Agreement, and furnished to Consultant by FedEx in the performance of Consultant’s obligations under this Agreement, shall remain the sole property of FedEx. 

(c) Consultant hereby assigns to FedEx any right now held or hereafter acquired by Consultant in the Materials including, but not limited to,
any copyright, patent or other statutory or common law protection. Consultant agrees to assist FedEx in every proper way to obtain and, from time to time, enforce any copyrights, patents or other statutory or common law protections for the
Materials, including but not limited to, the execution of all documents necessary for FedEx to apply for and obtain such copyrights, patents and other statutory or common law protections and enforcing the same, together with any assignments thereof
to FedEx. Consultant agrees that the obligations stated under this Section 11 shall survive the expiration or earlier termination of this Agreement. 

(d) Consultant represents and warrants that the Materials are wholly and exclusively original with Consultant; that Consultant has the full
right and power to make this Agreement; that there exists no adverse claim to the Materials or any rights therein; and, that neither the Materials nor FedEx’s ownership and use thereof infringe upon any patent or copyright or any other personal
or property right of any person, firm or corporation. 
 SECTION 12.
STANDARD OF PERFORMANCE. The Work shall be performed in a good, workmanlike manner in accordance with the standards of Consultant’s profession and such other
accepted standards as may be applicable to Work of this kind. 

  
 3 

 SECTION 13. CHANGES IN WORK. 

(a) FedEx may order extra work or make changes by altering, adding to or deducting from the Work by signing a change order in the form of
Exhibit “C” (“Change Order”). Work pursuant to a valid Change Order shall be performed subject to the conditions of this Agreement. 

(b) FedEx also by written instruction to Consultant may make changes in the Work not involving extra cost and not inconsistent with the
purposes of the Work without execution of a Change Order, but otherwise, no extra Work shall be done or changes made unless pursuant to a Change Order, and no claim for an addition to the Consideration, an increase in the Reimbursables or an
extension of the Completion Date shall be valid unless so ordered in a signed Change Order. 
 (c) Upon receipt of a written request from
FedEx for changes in the Work or for extra work which would affect the Consideration, the Reimbursables or the Completion Date, Consultant shall submit a statement detailing Consultant’s proposal for accomplishing the changes proposed by FedEx
and the effect, if any, on the Consideration, the Reimbursables and the Completion Date. If FedEx accepts Consultant’s proposal, a Change Order shall be executed by the parties to effect the Work, the Consideration, Reimbursables and Completion
Date, as agreed. 
 SECTION 14. COMPLIANCE WITH LAWS. 

(a) Consultant agrees that it will comply with all applicable federal, state, and local laws, regulations, and codes in the performance of this
Agreement. To the extent applicable to Consultant, it agrees to comply with the affirmative action requirements applicable to contracts with government contractors, as set forth in Title 41 of the Code of Federal Regulations and incorporated into
this Agreement by reference. 
 (b) Consultant agrees to indemnify, defend and hold harmless FedEx, its officers, directors and employees
from and against any and all claims, losses, demands, actions, administrative proceedings, liabilities and judgments, including reasonable attorneys’ fees and expenses, arising from Consultant’s or its subcontractor’s failure to
comply with the provisions of this Section. 
 SECTION 15. NON-COMPETE
AGREEMENT. Consultant covenants and agrees that he will not, during the Term, engage as a principal, employee, agent, consultant, independent contractor or any capacity whatsoever with a Competitor of FedEx, except with the prior
written consent of FedEx, which consent will not be unreasonably withheld. For this purpose, “Competitor” shall mean, the United States Postal Service (USPS), United Parcel Service (UPS), Amazon, DHL, any of their principal affiliates or
any entity succeeding to their business by reason of a change of identity, merger or consolidation. In addition to any other rights or remedies available to FedEx on breach of this covenant, FedEx shall be entitled to enforcement hereof by court
injunction. 
 SECTION 16. MISCELLANEOUS. 

(a) Assignment. This Agreement shall inure to the benefit of and be binding upon each of the Parties and
their respective successors and assigns, but neither the rights nor the duties of either Party under this Agreement may be voluntarily assigned or delegated without the prior written consent of the other party, except that FedEx may assign all or
any part of its rights and delegate its duties under this Agreement to a wholly-owned subsidiary. 

  
 4 

 (b) Section Headings. All section headings
and captions used in this Agreement are purely for convenience and shall not affect the interpretation of this Agreement. 
 (c)
Exhibits. All exhibits described in this Agreement shall be deemed to be incorporated in and made a part of this Agreement, except that if there is any inconsistency between this Agreement and the provisions of any exhibit the
provisions of this Agreement shall control. Terms used in an exhibit and also used in this Agreement shall have the same meaning in the exhibit as in this Agreement. 

(d) Applicable Law. This Agreement shall be governed by and interpreted in accordance
with the laws of Tennessee without regard to or application of any conflict of law principles. 
 (e) Modification.
Except as otherwise provided, this Agreement shall not be modified except by written agreement signed on behalf of FedEx and the Consultant by their respective authorized officers. 

(f) Exclusive Agreement. This Agreement supersedes all prior understandings,
representations, negotiations and correspondence between the parties, constitutes the entire agreement between them with respect to the matters described, and shall not be modified or affected by any course of dealing, course of performance or usage
of trade. 
 (g) Severability. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired. 
 (h)
Waiver. The failure of either party at any time to require performance by the other of any provision of this Agreement shall in no way affect that party’s right to enforce such provision, nor shall the waiver by either
party of any breach of any provision of this Agreement be taken or held to be a waiver of any further breach of the same provision or any other provision. 

(i) Survival. The provisions of this Agreement which by their nature extend beyond the expiration or earlier termination
of the Agreement will survive and remain in effect until all obligations are satisfied. Specifically, Consultant’s obligations to indemnify FedEx shall survive this Agreement. 

(j) Disclosure. Consultant shall in each instance obtain the prior written approval of FedEx concerning exact text and
timing of news releases, articles, brochures, advertisements, prepared speeches and other information releases concerning this Agreement. 

(k) Further Assurances. Each party agrees that it will take such actions, provide such
documents, do such things and provide such further assurances as may reasonably be requested by the other party during the term of this Agreement. Consultant agrees to provide to FedEx, from time to time, such financial information as FedEx may
reasonably request to determine Consultant’s ability to perform its obligations under this Agreement. 
 (l)
Counterparts. This Agreement may be executed in any number of counterparts and each fully executed counterpart shall be deemed an original. 

  
 5 

 (m) Notices. All notices, approvals, requests, consents and other
communications given pursuant to this Agreement shall be in writing and shall be effective when received if hand-delivered, sent by facsimile, sent by Federal Express service or sent by United States certified or registered mail, addressed as
follows: 
  

			
	If to Consultant:	 	T. Michael Glenn
		 	45 South Pisgah
		 	Eads, Tennessee 38028
		
	If to FedEx:	 	FedEx Corporation.
		 	Attn: General Counsel and Secretary
		 	942 S. Shady Grove Road
		 	Memphis, Tennessee 38120

 SECTION 17.
VALIDITY OF AGREEMENT. This Agreement shall not be valid nor binding upon FedEx unless it shall have been executed by an officer of FedEx. 

IN WITNESS WHEREOF, the Parties have signed this Agreement on the date first above written. 

 

									
		 		  		 	FEDEX CORPORATION
					
	By:	 	 /s/ T. Michael Glenn
	  		 	By:	 	 /s/ Frederick W. Smith

		 	(“Consultant”)	  		 		 	
		 		  		 	Title:	 	  

		 		  		 		 	(“FedEx”)

  
 6 

 Exhibit “A” 

to that certain 
 Consulting
Agreement 
 between 
 FedEx
Corporation 
 (“FedEx”) 

and 
 (“Consultant”) 

 
  

SCOPE OF WORK 

The Parties agree as follows: 

A. Consultant shall provide strategic marketing and communications advice as determined by, and upon the request of, the Chairman and Chief
Executive Officer of FedEx Corporation. 
 B. Consultant’s retirement on December 31, 2016 was reasonably intended to be a
“separation from service” by Consultant as defined in Treas. Reg. Section 1.409A-1(h). FedEx and Consultant reasonably anticipate that the level of bona fide services that Consultant will perform
under this Agreement will permanently decrease to no more than 20 percent of the average level of bona fide services performed by Consultant as an employee of FedEx over the 36 month period ending on December 31, 2016. Consultant’s
services will in no event exceed 30 hours per month during the Term. 

 Exhibit “B” 

to that certain 
 Consulting
Agreement 
 between 
 FedEx
Corporation 
 (“FedEx”) 

and 
 (“Consultant”) 

 
  

FEE, PAYMENT PROCEDURE AND MISCELLANEOUS ITEMS 

Consultant and FedEx hereby agree as follows: 

A. With respect to the payment of the Consideration, each payment specified below (including, but not limited to, each quarterly payment)
shall be treated as a separately identified “payment” as defined in Treas. Reg. Section 1.409A-2(b) (2). The Consideration shall be payable as follows: 

1. On January 31, 2017, FedEx shall pay Consultant the amount of EIGHT HUNDRED EIGHTY-FOUR THOUSAND ONE HUNDRED AND TWELVE DOLLARS
($884,112.00). 
 2. On the last day of each calendar quarter during the Term beginning on March 31, 2017, FedEx shall pay Consultant
FIFTY-FOUR THOUSAND EIGHT HUNDRED DOLLARS ($54,800.00); provided, however, if this Agreement is terminated by either party pursuant to Section 2(b) hereof, the final quarterly payment shall be pro-rated to the
date the Agreement is terminated. 
 B. With respect to travel and other miscellaneous items, during the Term: 

1. FedEx shall make available to Consultant reasonable administrative assistance relating to the performance of the Work. 

2. FedEx shall reimburse Consultant for any required travel expenses. Such reimbursement shall be on terms consistent with FedEx’s expense
reimbursement policies and procedures. 
 3. FedEx shall provide computer and communications equipment, systems and support to Consultant on
a basis similar to that provided to FedEx Executive Management (computer and communications equipment currently in Consultant’s possession will be transferred to him). 

4. FedEx shall provide Consultant access to FedEx email on a basis consistent with that afforded to FedEx Executive Management. 

5. FedEx shall provide home security monitoring services on a basis comparable to such services provided to Consultant currently and to those
provided to FedEx Executive Management. 

 C. Invoices for Reimbursables shall be submitted by the Consultant to the following address: 

 

					
		  	 FedEx Corporation

Attn: Executive Vice President Marketing and Communications

942 South Shady Grove Road
 Memphis, Tennessee 38120
	  	

 D. In addition to the payments described in this Exhibit, the Company will reimburse Consultant for the actual
cost of preparing and filing his 2016 income tax returns in accordance with generally applicable policies for reimbursing officers of the Company for such costs, provided that Consultant submits such request for reimbursement in writing no later
than August 31, 2017. 

 Exhibit “C” 

to that certain 
 Consulting
Agreement 
 between 
 FedEx
Corporation 
 (“FedEx”) 

and 
 (“Consultant”) 

 
  

CHANGE ORDER FORM 

Consulting Agreement Change Order Date:              

To Consultant: 
 Address: 

City/State: 
 As provided in your
Consulting Agreement with FedEx Corporation dated as of                     , the following changes in the Work are made: 

This Change Order when signed by the parties will have the following effect: 

 

	 	a.	Consideration: 

                    (increase/decrease/NA)

  

	 	b.	Maximum Reimbursable Amount: 

                    (increase/decrease/NA)

  

	 	c.	Completion Date: 

 This Change Order in no other way alters the terms and conditions of the
Consulting Agreement which are ratified and confirmed other than as amended by this Change Order. 
  

									
		 		 		 	FEDEX CORPORATION
					
	By:	 	  
	 		 	By:	 	  

					
	Title:	 	  
	 		 	Title:	 	  

	(“Consultant”)	 		 	(“FedEx”)

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