Document:

EX-10.5

 Exhibit 10.5 

Supplemental Agreement No. 6 

to 
 Purchase Agreement
No. 3712 
 between 
 The
Boeing Company 
 And 
 Federal
Express Corporation 
 Relating to Boeing Model 767-3S2F Aircraft 

THIS SUPPLEMENTAL AGREEMENT, entered into as of July 21, 2015 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 Purchase Agreement No. 3712, dated December 14, 2011 (Purchase Agreement), relating to the
purchase and sale of certain Boeing Model 767-3S2F Aircraft (the Aircraft); and 
 B. WHEREAS, Customer desires to add fifty
(50) Aircraft to the Purchase Agreement, which shall be designated as either Block E, Block F or Block G Aircraft, with delivery dates as follows: 
  

			
	 Delivery Month & Year

of new Aircraft
	  	 Block

	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E

  
 BOEING PROPRIETARY

 S6-1 
  

	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

			
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block E
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F

  
 BOEING PROPRIETARY

 S6-2 
  

	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

			
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block F
	[*]	  	Block G
	[*]	  	Block G
	[*]	  	Block G
	[*]	  	Block G

 C. WHEREAS, Customer desires to reschedule twenty (20) Option Aircraft with delivery dates as follows:

  

			
	 Prior Delivery Month &

Year for Option

Aircraft
	  	 Revised Delivery Month &

Year for Option Aircraft

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

  
 BOEING PROPRIETARY

 S6-3 
  

	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

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

 D. WHEREAS, Customer desires to reschedule fifteen (15) Block D Option Aircraft with delivery dates as
follows: 
  

			
	 Prior Delivery Month &

Year for Block D

Option Aircraft
	  	 Revised Delivery Month &

Year for Block D Option

Aircraft

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

  
 BOEING PROPRIETARY

 S6-4 
  

	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 E. WHEREAS, Customer desires to add fifteen (15) Option Aircraft to the Purchase
Agreement, hereinafter referred to as Option Aircraft, with delivery dates as follows: 
  

			
	 Delivery Month & Year

for Option Aircraft
	  	 Block

	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft
	[*]	  	Option Aircraft

 F. WHEREAS, Customer desires to add thirty-seven (37) Purchase Rights to the Purchase Agreement. 

G. WHEREAS, Customer desires that [*] except as specifically provided for in this Supplemental Agreement. 

H. WHEREAS, Customer, Boeing and General Electric Company have executed a separate Tri-party Agreement Regarding [*] dated July 21,
2015_to address certain [*]. 
 I. WHEREAS, Boeing has provided Customer a Letter regarding [*]. 

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. 

  
 BOEING PROPRIETARY

 S6-5 
  

	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 1. Remove and replace, in its entirety, the Table of Contents with the revised Table of
Contents attached hereto to reflect certain corrections to Letter Agreement titles and the changes made by this Supplemental Agreement No. 6. 

2. Boeing and Customer acknowledge and agree that execution of this Supplemental Agreement No. 6 and upon fulfillment of the condition
described in Article 25 below, (i) thirty-five (35) of the fifty (50) Aircraft described in Recital Paragraph B are hereby added to the Purchase Agreement and are considered by the parties as “Block E Aircraft”,
(ii) eleven (11) of the fifty (50) Aircraft described in Recital Paragraph B are hereby added to the Purchase Agreement and are considered by the parties as “Block F Aircraft”, (iii) four (4) of the fifty
(50) Aircraft described in Recital paragraph B above are hereby added to the Purchase Agreement as conditional firm aircraft and will be considered by the parties as “Block G Aircraft”, (iv) the twenty (20) Option Aircraft
described in Recital Paragraph C above and the fifteen (15) Block D Option Aircraft described in Recital Paragraph D above are rescheduled as described herein, (v) the fifteen (15) Option Aircraft described in Recital Paragraph E are
hereby added to the Purchase Agreement as “Option Aircraft” and shall be deemed such for all purposes under the Purchase Agreement except as otherwise set forth herein and (vi) thirty-seven (37) Purchase Rights are hereby added
to the Purchase Agreement increasing the total quantity of Purchase Rights to fifty (50). The Block E, F and G Aircraft will be deemed “Aircraft” for all purposes under the Purchase Agreement. 

3. Insert a new Table 1-A2, attached hereto, to add to the Purchase Agreement the thirty-five (35) Block E Aircraft, the eleven
(11) Block F Aircraft and the four (4) Block G Aircraft described in Recital Paragraph B above. 
 4. Revise and replace in its
entirety, Table 1-B with a revised Table 1-B, attached hereto, to update the specification reference and to add a note pertaining to one Block B Aircraft. 

5. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106151R1, Special Matters Concerning [*] – Option Aircraft and
Certain Purchase Right Aircraft, with Letter Agreement FED-PA-03712-LA-1106151R2, Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft, attached hereto, to extend the [*] for Option Aircraft and apply
the [*] of such revised Letter Agreement to the fifteen (15) Option Aircraft described in Recital Paragraph E above. 

  
 BOEING PROPRIETARY

 S6-6 
  

	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 6. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106154R1, Firm
Aircraft Delivery Matters, with Letter Agreement FED-PA-03712-LA-1106154R2, Firm Aircraft and Option Aircraft Delivery Matters, attached hereto, to revise the [*] applicable to firm Aircraft and Option Aircraft pursuant to the Purchase
Agreement. 
 7. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106156R1, Option Aircraft, with Letter
Agreement FED-PA-03712-LA-1106156R2, Option Aircraft, and attachments 1 and 2 and new attachments 3 and 4 to such Letter Agreement, each attached hereto, to reflect: (i) revised terms relating to Option Aircraft, (ii) the rescheduling of the
Option Aircraft described in Recital Paragraph C above, (iii) the rescheduling of the Block D Option Aircraft described in Recital Paragraph D above and (iv) the addition of the Option Aircraft described in Recital Paragraph E above. 

8. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106158R1, Right to Purchase Additional Aircraft, with Letter
Agreement FED-PA-03712-LA-1106158R2, Right to Purchase Additional Aircraft, attached hereto, to add the Purchase Rights described in Recital Paragraph F above and to revise the delivery window and expiration date of the Purchase Rights. 

9. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106177, [*], with Letter Agreement FED-PA-03712-LA-1106177R1,
[*], attached hereto, to revise certain business terms. 
 10. Revise and replace in its entirety Letter Agreement
FED-PA-03712-LA-1106574, Agreement for Deviation from the [*], with Letter Agreement FED-PA-03712-LA-1106574R1, Agreement for Deviation from the [*], attached hereto, to reflect the performance guarantee Letter Agreement revision
described in Paragraph 11 below. 
 11. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106584R3, Aircraft
Performance Guarantees, with Letter Agreement FED-PA-03712-LA-1106584R4, Aircraft Performance Guarantees, attached hereto, to reflect the addition of the Block E, Block F and Block G Aircraft described in Recital Paragraph B above.

 12. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106614R1, Special Matters for Purchase Right Aircraft,
with Letter Agreement FED-PA-03712-LA-1106614R2, Special Matters for Purchase Right Aircraft, attached hereto, to reflect a revision to the business terms applicable to Purchase Rights Aircraft, if exercised. 

  
 BOEING PROPRIETARY

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	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 13. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1208292R1, Special
Matters Concerning Escalation – Block B and Block C Aircraft with Letter Agreement FED-PA-03712-LA-1208292R2, Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G Aircraft, attached hereto, to
extend the [*] and apply the [*] of such revised Letter Agreement to the thirty-five (35) Block E Aircraft, the eleven (11) Block F Aircraft and the four (4) Block G Aircraft described in Recital Paragraph B. 

14. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1208296, Special Matters for Block D Option Aircraft, with
Letter Agreement FED-PA-03712-LA-1208296R1, Special Matters for Block D Option Aircraft, attached hereto, to reflect a revision to the business terms applicable to Block D Option Aircraft, if exercised. 

15. Revise and replace in its entirety Letter Agreement 6-1162-SCR-146, Special Provision - Block B Aircraft, with Letter Agreement
6-1162-SCR-146R1, Special Provision - Block B and Block G Aircraft, attached hereto, to reflect the addition of the four (4) Block G Aircraft and the application of the terms of the revised Letter Agreement to such Block G Aircraft. 

16. Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1306854, Performance Guarantees, Demonstrated Compliance, with
Letter Agreement FED-PA-03712-LA-1306854R1, Performance Guarantees, Demonstrated Compliance, attached hereto, to reflect the performance guarantee Letter Agreement revision described in Paragraph 11 above. 

17. Add a new Letter Agreement 6-1162-LKJ-0705, Special Matters for Block E, Block F and Block G Aircraft in Table 1-A2, attached
hereto, to describe the business terms applicable to the Block E, Block F and Block G Aircraft described in Recital Paragraph B above. 

18. Add a new Letter Agreement 6-1162-LKJ-0707, Agreement Regarding [*], attached hereto, to describe the terms applicable to [*]. 

19. Add a new Letter Agreement 6-1162-LKJ-0709, [*] Special Matters, attached hereto, to describe [*]. 

20. For the sake of clarity, the parties agree that the thirty-five (35) Block E Aircraft, eleven (11) Block F Aircraft and four
(4) Block G Aircraft added herein shall be subject to Letter Agreement FED-PA-03712-LA-1106159R1, Special Matters Concerning [*] and Letter Agreement FED-PA-03712-LA-1106584R4, Aircraft Performance Guarantees. 

  
 BOEING PROPRIETARY

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	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 21. Letter Agreement 6-1162-LKJ-0696R6, [*], executed by the parties on
January 22, 2015, is hereby added to the Table of Contents of the Purchase Agreement. Additionally, for the avoidance of doubt, the thirty-five (35) Block E Aircraft and the eleven (11) Block F Aircraft (both of which are described in
Recital Paragraph B above) are [*] pursuant to Letter Agreement 6-1162-LKJ-0696R6, and, together with the four (4) Aircraft added to the Purchase Agreement pursuant to Supplemental Agreement No. 5, raise the total number of [*] purchased
as of the date of execution of this Supplemental Agreement No. 6 to fifty (50). 
 22. The parties agree that the revisions in this
SA-6 are intended to result in [*] except as specifically provided for in this Supplemental Agreement. Notwithstanding the above, [*] to Customer consisting of: (i) an additional [*] for the Block E, Block F and Block G Aircraft as described in
paragraph 1.6 of Letter Agreement 6-1162-LKJ-0705, Special Matters for Block E, Block F and Block G Aircraft in Table 1-A2 in an [*] and subject to [*] in accordance with the Purchase Agreement, (ii) a [*] applicable to [*] as described
in Letter Agreement FED-S2-2-LA-1501881, [*] Special Matters – [*][*] as described in Letter Agreement FED-PA-03712-LA-1106177R1, [*], resulting in [*], and (iv) [*] as described in Letter Agreement 6-1162-LKJ-0696R6,
[*], which the parties acknowledge for the purposes of this Article 22 is [*]. 
 23. As a result of the changes incorporated in this
Supplemental Agreement No. 6, Customer will [*] applicable to each of the thirty-five (35) Block E Aircraft, eleven (11) Block F Aircraft, and four (4) Block G Aircraft described in Recital Paragraph B and added to the Purchase
Agreement pursuant to this Supplemental Agreement No. 6 and (ii) an Option Deposit [*] for each of the fifteen (15) Option Aircraft described in Recital Paragraph E and added to the Purchase Agreement pursuant to this Supplemental
Agreement No. 6. [*]. For clarity, the terms “pre-delivery payment(s)”, “PDP(s)” and “advance payment(s)” are used on an interchangeable basis. [*] of executing this Supplemental Agreement No. 6. 

24. This Supplemental Agreement No. 6 to the Purchase Agreement shall not be effective unless executed and delivered by the parties on or
prior to July 31, 2015.  
 25. Notwithstanding the foregoing Article 24, the effectiveness of this Supplemental Agreement
No. 6 is expressly conditioned upon Customer receiving approval from the board of directors of Customer’s parent company, FedEx Corporation. Should such approval not be granted and confirmed in writing by Customer to Boeing on or by
July 31, 2015, this Supplemental Agreement No. 6 shall automatically terminate and be null and void in all respects, and neither party shall owe 

  
 BOEING PROPRIETARY

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	*	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.

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 
any obligation to the other party with respect to the matters expressed herein; provided, however, no such termination shall otherwise impact the parties’ rights and obligations
existing under the Purchase Agreement, as amended or otherwise modified, prior to this Supplemental Agreement No. 6. For the sake of clarity, neither party shall be deemed to be in default hereunder for failing to have performed any obligation
created under this Supplement Agreement No. 6, including, without limitation, any payment obligation, prior to the receipt by Boeing of the aforementioned written confirmation. 

  
 BOEING PROPRIETARY

 S6-10 

 Supplemental Agreement No. 6 to 

Purchase Agreement No. 3712 
  

 EXECUTED as of the day and year first above written. 

 

			
	THE BOEING COMPANY
		
	By:	 	 /s/ Kirsten Jensen

		
	Its:	 	
Attorney-In-Fact

	
	FEDERAL EXPRESS CORPORATION
		
	By:	 	 /s/ Phillip C. Blum

		
	Its:	 	 Vice President Aircraft Acquisition

  
 BOEING PROPRIETARY

 S6-11 

 TABLE OF CONTENTS 

 

							
	 ARTICLES
	  	SA Number	 
	1	 	 Quantity, Model and Description
	  			
	2	 	 Delivery Schedule
	  			
	3	 	 Price
	  			
	4	 	 Payment
	  			
	5	 	 Additional Terms
	  			
		
	 TABLES
	  	 	 
	1-A	 	 Firm Aircraft Information Table
	  	 	1	  
	1-A1	 	 Block C Aircraft Information Table
	  			
	1-A2	 	 Block E, Block F and Block G Aircraft Information Table
	  	 	6	  
	1-B	 	 Exercised Option Aircraft Information Table
	  	 	6	  
	1-B1	 	 Exercised Block D Option Aircraft Information Table
	  	 	2	  
	1-C	 	 Exercised Purchase Right Aircraft Information Table
	  	 	2	  
		
	 EXHIBIT
	  	 	 
	A	 	 Aircraft Configuration
	  	 	4	  
	B	 	 Aircraft Delivery Requirements and Responsibilities
	  			
		
	 SUPPLEMENTAL EXHIBITS
	  	 	 
	AE1	 	 Escalation Adjustment/Airframe and Optional Features
	  			
	BFE1	 	 BFE Variables
	  	 	2	  
	CS1	 	 Customer Support Variables
	  			
	EE1	 	 Engine Escalation, Engine Warranty and Patent Indemnity
	  			
	SLP1	 	Service Life Policy Components	  			

  

			
	FED-PA-03712	 	SA-6

 BOEING PROPRIETARY 

							
	 LETTER AGREEMENTS
	 	 	  	SA
Number	 
			
	 LA-1106151R2
	 	 LA-Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft
	  	 	6	  
	 LA-1106152
	 	 LA-Special Matters Concerning [*] – Firm Aircraft
	  			
	 LA-1106153
	 	 LA-Liquidated Damages Non-Excusable Delay
	  			
	 LA-1106154R2
	 	 LA-Firm Aircraft and Option Aircraft Delivery Matters
	  	 	6	  
	 LA-1106155
	 	 LA-Open Configuration Matters
	  			
	 LA-1106156R2
	 	 LA-Option Aircraft
	  	 	6	  
	 LA-1106157
	 	 AGTA Amended Articles
	  			
	 LA-1106158R2
	 	 LA-Right to Purchase Additional Aircraft
	  	 	6	  
	 LA-1106159R1
	 	 LA-Special Matters Concerning [*]
	  	 	1	  
	 LA-1106160
	 	 LA-Spare Parts Initial Provisioning
	  			
	 LA-1106163
	 	 LA-Demonstration Flight Waiver
	  			
	 LA-1106177R1
	 	 LA- [*]
	  	 	6	  
	 LA-1106207R1
	 	 LA-Special Matters Firm Aircraft
	  	 	1	  
	 LA-1106208R1
	 	 LA-Special Matters Option Aircraft
	  	 	1	  
	 LA-1106574R1
	 	 LA-Agreement for Deviation from the [*]
	  	 	6	  
	 LA-1106584R4
	 	 LA-Aircraft Performance Guarantees
	  	 	6	  
	 LA-1106586
	 	 LA-Miscellaneous Matters
	  			
	 LA-1106614R1
	 	 LA-Special Matters for Purchase Right Aircraft
	  	 	6	  
	 LA-1106824
	 	 LA-Customer Support Matters
	  			
	 LA-1208292R2
	 	 LA-Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G
Aircraft
	  	 	6	  
	 LA-1208296R1
	 	 LA-Special Matters for Block D Option Aircraft
	  	 	6	  
	 LA-1208949
	 	 LA-Special Matters Block C Aircraft in Table 1-A1
	  	 	1	  
	 6-1162-SCR-146R1
	 	 LA Special Provision - Block B and Block G Aircraft
	  	 	6	  
	 LA-1306854R1
	 	 Performance Guarantees, Demonstrated Compliance
	  	 	6	  
	 6-1162-LKJ-0696R6
	 	 LA-[*]
	  	 	6	  
	 6-1162-LKJ-0705
	 	 LA-Special Matters for Block E, Block F and Block G Aircraft in Table 1-A2
	  			
	 6-1162-LKJ-0707
	 	 LA- Agreement Regarding [*]
	  	 	6	  
	 6-1162-LKJ-0709
	 	 [*] Special Matters
	  	 	6	  

  

			
	FED-PA-03712	 	SA-6

 BOEING PROPRIETARY 

 

	*	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.

			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

		
	Supplemental Agreement No. 1	  	June 29, 2012
		
	Supplemental Agreement No. 2	  	October 8, 2012
		
	Supplemental Agreement No. 3	  	December 11, 2012
		
	Supplemental Agreement No. 4	  	December 10, 2013
		
	Supplemental Agreement No. 5	  	September 29, 2014
		
	Supplemental Agreement No. 6	  	July 21, 2015

  

			
	FED-PA-03712	 	SA-6

 BOEING PROPRIETARY 

 Table 1-A2 To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block E, Block F and Block G Aircraft 

 

							
	 Airframe Model/MTOW:
	 	767-300F	 	 	408,000 pounds	  
			
	 Engine Model/Thrust:
	 	CF6-80C2B6F	 	 	60,200 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):
	 	 	[*]	  
		
	 Deposit per Aircraft:
	 	$	0	  
			
		 		 	 	[*]	  

 

											
	Detail Specification: D019T002FED63F-1, Rev D dated March 26, 2015
				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*]	  	 				 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	[*]	  	 				 	GE CF6-80 & GE90 (99 rev.)
			
	Airframe Escalation Data:	  	 				 	
			
	Base Year Index (ECI):	  	 	 	[*]	  	 	
			
	Base Year Index (CPI):	  	 	 	[*]	  	 	
			
	Engine Escalation Data:	  	 				 	
				
	Base Year Index (CPI):	 				 	 	[*]	  	 	

 
 

  

																			
	 	 	 	 	Escalation	 	Escalation	 	 	 	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	 	Number of	 	Factor	 	Factor	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	 	Aircraft	 	(Airframe)	 	(Engine)	 	Block	 	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]

  

					
		 		 	SA-6
	FED-PA-03712 73706-1F.TXT	 	Boeing Proprietary	 	Page 1

  

	*	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.

 Table 1-A2 To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block E, Block F and Block G Aircraft 
  

																			
	 	 	 	 	Escalation	 	Escalation	 	 	 	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	 	Number of	 	Factor	 	Factor	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	 	Aircraft	 	(Airframe)	 	(Engine)	 	Block	 	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block E	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]

  

					
		 		 	SA-6
	FED-PA-03712 73706-1F.TXT	 	Boeing Proprietary	 	Page 2

  

	*	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.

 Table 1-A2 To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block E, Block F and Block G Aircraft 
  

																			
	 	 	 	 	Escalation	 	Escalation	 	 	 	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	 	Number of	 	Factor	 	Factor	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	 	Aircraft	 	(Airframe)	 	(Engine)	 	Block	 	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block F	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block G	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block G	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block G	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 		 	[*]	 	[*]	 	Block G	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	 	50	 		 		 		 		 		 		 		 	

  

					
		 		 	SA-6
	FED-PA-03712 73706-1F.TXT	 	Boeing Proprietary	 	Page 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.

 Table 1-B To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Exercised Option Aircraft 

 

							
	 Airframe Model/MTOW:
	  	767-300F	  	 	40,8000 pounds	  
			
	 Engine Model/Thrust:
	  	CF6-80C2B6F	  	 	60,200 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: D019T002FED63F-1, Rev D dated March 26, 2015

				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*	] 	 				 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	[*	] 	 				 	GE CF6-80 & GE90 (99 rev.)
				
	 Airframe Escalation Data:
	 				 				 	
				
	 Base Year Index (ECI):
	 				 	 	[*	] 	 	
				
	 Base Year Index (CPI):
	 				 	 	[*	] 	 	
				
	 Engine Escalation Data:
	 				 				 	
				
	 Base Year Index (CPI):
	 				 	 	[*	] 	 	

 
 

  

																					
	 	 	 	 	Escalation	 	Escalation	 	 	 	 	 	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	 	Number of	 	Factor	 	Factor	 	 	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	 	Aircraft	 	(Airframe)	 	(Engine)	 	Block	 	MSN	 	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	 	1	 	[*]	 	[*]	 	Block C	 	43538	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block C	 	43541	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block C	 	43551	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block B *	 	43630 *	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block C	 	43552	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block B	 	43631	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block B	 	43632	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block C	 	43553	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block C	 	43554	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	 	1	 	[*]	 	[*]	 	Block B	 	43633	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
											
		 	10	 		 		 		 		 		 		 		 		 	

  

	*	The Determination Date for MSN 43630 has passed and the special provision pursuant to Letter Agreement 6-1162-SCR-146, Special Provision - Block B Aircraft, has expired.

  
  

					
		  		 	SA-6
	FED-PA-03712 57361-1F.TXT	  	Boeing Proprietary	 	Page 1

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106151R2 
 Federal Express Corporation

 3610 Hacks Cross 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft
		
	Reference:    	  	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes Letter Agreement FED-PA-03712-LA-1106151R1 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. The
terms provided in this Letter Agreement will be applicable to exercised Option Aircraft, as identified in the Table 1-B and Table 1-B1 of the Purchase Agreement (Exercised Option Aircraft) and Purchase Right Aircraft, as identified in
Table 1-C that are exercised and scheduled for delivery to Customer through [*] (Applicable Purchase Right Aircraft). 
  

	1.	[*] 

 1.1 Boeing will [*] for the Airframe Price and Optional Features Prices of each
Exercised Option Aircraft and Applicable Purchase Right Aircraft for the period beginning [*] and continuing through [*], in accordance with the terms of this Letter Agreement. 

1.2 Notwithstanding the [*], in the event Boeing reschedules an Exercised Option Aircraft delivery outside the [*] pursuant to the delivery
flexibility described in Letter Agreement Option Aircraft (FED-PA-03712-LA-1106156R2) Boeing agrees that the [*] will extend to apply to such rescheduled Exercised Option Aircraft. 

1.3 For the avoidance of doubt, in the event of an Excusable Delay or Non-Excusable Delay of an Exercised Option Aircraft or Applicable
Purchase Right Aircraft, Boeing and Customer acknowledge that the [*] to the contracted delivery month will be applied to such Exercised Option Aircraft or Applicable Purchase Right Aircraft. 

1.4 If Boeing and Customer mutually agree to reschedule an Exercised Option Aircraft or Applicable Purchase Right Aircraft within the [*], the
affected Exercised Option Aircraft or Applicable Purchase Right Aircraft will continue to receive the [*] described herein, [*] to the rescheduled delivery month. 

1.5 The [*] for the Airframe Price and Optional Features Price of each Exercised Option Aircraft and Applicable Purchase Right Aircraft will
be [*] during the [*] at a [*]. 

  
  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	2.	Determining [*] for Aircraft Delivering Within the [*]. 

 2.1 For Exercised Option
Aircraft and Applicable Purchase Right Aircraft delivering within the [*], Boeing will, at time of Exercised Option Aircraft or Applicable Purchase Right Aircraft delivery, calculate the [*] of the Airframe Price and Optional Features Price using
(i) [*] in accordance with the provisions of [*] to the Purchase Agreement [*] and (ii) the [*]. The final Aircraft Price will include the [*] Airframe Price and Optional Features Price utilizing the [*] or the [*], except as set forth
below. 
 2.2 Notwithstanding paragraph 2.1 above, if [*] calculated pursuant to the [*], Customer will [*] on the Airframe Price and
Optional Features Price [*] on the applicable Exercised Option Aircraft or Applicable Purchase Right Aircraft; or 
 2.3 If [*] calculated
pursuant to the [*], Customer will [*] on the Airframe Price and Optional Features Price [*] on the applicable Exercised Option Aircraft or Applicable Purchase Right Aircraft. At least eighteen [*] of an Exercised Option Aircraft or Applicable
Purchase Right Aircraft, but not [*] of a Exercised Option Aircraft or Applicable Purchase Right Aircraft, Boeing will provide Customer notification in the event the [*]. 

2.4 For an example of the determination of escalation factor applicable to the Airframe and Optional Features, refer to Attachment C to this
Letter Agreement. 
  

	3.	Effect on Advance Payments. 

 The amount and timing of advance payments Customer is
required to pay to Boeing pursuant to the Purchase Agreement shall be unaffected by any terms set forth in this Letter Agreement. 
  

	4.	Aircraft Applicability. 

 Unless otherwise stated, the terms of this Letter Agreement
shall only apply to the Exercised Option Aircraft and Applicable Purchase Right Aircraft. 
  

	5.	Applicability to Other Financial Consideration. 

 The escalation adjustment for any other
sum identified in the Purchase Agreement as subject to escalation pursuant to Supplemental Exhibit AE1, and which pertains to an Exercised Option Aircraft and Applicable Purchase Right Aircraft, shall be calculated using the escalation
methodology established in this Letter Agreement notwithstanding any other provisions of the Purchase Agreement to the contrary. 

  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.	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 foregoing,
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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

 Attachments A, B and C 

  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft	  	Page 4
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment A to Letter Agreement FED-PA-03712-LA-1106151R2 

[*] 

  
  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Attachment A	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment B to Letter Agreement FED-PA-03712-LA-1106151R2 

[*] 

  
  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Attachment B	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment C to Letter Agreement FED-PA-03712-LA-1106151R2 

ESCALATION EXAMPLE 
 [*] 

  
  

					
	FED-PA-03712-LA-1106151R2	  	SA-6
	Attachment C	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106154R2 
 Federal Express Corporation

 3610 Hacks Cross 
 Memphis TN 38125 

 

			
	Subject:	  	Firm Aircraft and Option Aircraft Delivery Matters
		
	Reference:    	  	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes Letter Agreement FED-PA-03712-LA-1106154R1 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. The
information provided in this Letter Agreement will be applicable to the firm Aircraft identified in Tables of the Purchase Agreement only (Firm Aircraft). 

1. INTENTIONALLY DELETED. 
 2. INTENTIONALLY DELETED. 

3. Firm Aircraft and Option Aircraft Scheduled to Deliver after [*]. Notwithstanding Firm Aircraft delivery
dates as provided in the Tables and Option Aircraft delivery months provided in Letter Agreement FED-PA-03712-LA-1106156R2, Option Aircraft, that reflect deliveries after [*], Boeing reserves the right to [*]. Notwithstanding
anything herein or elsewhere to the contrary, the parties specifically agree to the following: (i) [*]  
 4. Customer Delivery
Constraints. Notwithstanding Article 3 of this Letter Agreement, Boeing will not [*]. 
 5. [*]. Upon request from Boeing, Customer
agrees to discuss [*].  
 6. 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 

  
  

					
	FED-PA-03712-LA-1106154R2	  	SA-6
	Firm Aircraft and Option Aircraft Delivery Matters	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 
consent of Boeing. Notwithstanding the foregoing, 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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1106154R2	  	SA-6
	Firm Aircraft and Option Aircraft Delivery Matters	  	Page 2
		  	BOEING PROPRIETARY	  	

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
	FED-PA-03712-LA-1106154R2	  	SA-6
	Firm Aircraft and Option Aircraft Delivery Matters	  	Page 3
		  	BOEING PROPRIETARY	  	

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106156R2 
 Federal Express Corporation

 3610 Hacks Cross 
 Memphis, TN 38125 

 

			
	Subject:	  	Option Aircraft
		
	Reference:    	  	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes FED-PA-03712-LA-1106156R1 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

 

	1.	Right to Purchase Option Aircraft. 

 Subject to the terms and conditions contained
in this Letter Agreement, Customer has the option to purchase thirty-five (35) additional Model 767-3S2F aircraft as option aircraft (Option Aircraft) and fifteen (15) additional Model 767-3S2F aircraft as Block D
option aircraft (Block D Option Aircraft). Except as set forth herein, and in the Purchase Agreement, the Block D Option Aircraft are considered Option Aircraft.  

 

	2.	Delivery. 

 The number of Option Aircraft and associated delivery months are listed in
the Attachment 1 to this Letter Agreement. The number of Block D Option Aircraft and associated delivery months are listed in the Attachment 2 to this Letter Agreement. 
  

	3.	Configuration. 

 The configuration for the Option Aircraft will be the Detail
Specification for model 767-3S2F aircraft at the revision level in effect at the time of Supplemental Agreement. Such Detail Specification will be revised to include (i) changes required to obtain required regulatory certificates and
(ii) other changes as mutually agreed upon by Customer and Boeing. 
  

	4.	Price. 

 4.1 The Airframe Price, Engine Price, Optional Features Prices, and Aircraft
Basic Price for each of the Option Aircraft shall remain in base year [*] and such prices will be subject to escalation in accordance with the Purchase Agreement. 

  
  

					
	FED-PA-03712-LA-1106156R2	  	SA-6
	Option Aircraft	  		  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 4.2 Subject to the provisions of Letter Agreement FED-PA-03712-LA-1106151R2 titled
“Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft” the Airframe Price, Engine Price, Optional Features Prices, and Aircraft Basic Price for each of the Option Aircraft will be adjusted for
escalation in accordance with the Purchase Agreement. 
 4.3 The Advance Payment Base Price for each exercised Option Aircraft shall be
developed in accordance with the terms of the Purchase Agreement and determined at the time of Supplemental Agreement. 
  

	5.	Payment. 

 5.1 Customer will pay an option deposit to Boeing in the amount of
[*] (Option Deposit) for each of the fifteen (15) Option Aircraft added to the Purchase Agreement pursuant to Supplemental Agreement No. 6 to the Purchase Agreement (SA-6). The parties acknowledge that Customer has previously
paid an Option Deposit to Boeing in the amount of [*] for (i) each of the fifteen Block D Option Aircraft added to the Purchase agreement pursuant to Supplemental Agreement No. 1 to the Purchase Agreement, and
(ii) each of the twenty (20) Option Aircraft in Attachment 1 prior to the execution of SA-6. If Customer exercises an option, the Option Deposit will be credited against the first advance payment due. [*].  

5.2 At Supplemental Agreement for the Option Aircraft, advance payments will be payable as specified in the Purchase Agreement. The remainder
of the Aircraft Price for the Option Aircraft will be paid at the time of delivery. 
  

	6.	Option Exercise. 

 6.1 Customer will exercise [*], by giving written
notice to Boeing on or before the first business day of the month that is [*] months prior to the month of delivery [*] (Option Exercise Date). [*]. 

6.2 [*] 
 6.3 The parties agree
that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement. 
  

	7.	[*] 

  

	8.	[*] 

  

					
	FED-PA-03712-LA-1106156R2	  	SA-6
	Option Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	9.	Supplemental Agreement. 

 Following Customer’s exercise of an option the
parties will sign a supplemental agreement for the purchase of such Option Aircraft (Supplemental Agreement). The Supplemental Agreement will include the provisions of the Purchase Agreement as modified to reflect the provisions of this
Letter Agreement.  
  

	10.	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 foregoing,
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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1106156R2	  	SA-6
	Option Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

 Attachments 

  

					
	FED-PA-03712-LA-1106156R2	  	SA-6
	Option Aircraft	  	Page 4
		  	BOEING PROPRIETARY	  	

 Attachment 1 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 

Option Aircraft Delivery, Description, Price and Advance Payments 

 

							
	 Airframe Model/MTOW:
	  	767-300F	  	 	408,000 pounds	  
			
	 Engine Model/Thrust:
	  	CF6-80C2B6F	  	 	60,200 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: D019T002FED63F-1, Rev D dated March 26, 2015

				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*]	  	 				 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	[*]	  	 				 	GE CF6-80 & GE90 (99 rev.)
				
	 Airframe Escalation Data:
	 				 				 	
				
	 Base Year Index (ECI):
	 				 	 	[*]	  	 	
				
	 Base Year Index (CPI):
	 				 	 	[*]	  	 	
				
	 Engine Escalation Data:
	 				 				 	
				
	 Base Year Index (CPI):
	 				 	 	[*]	  	 	

 
 

  

																			
	 	  	 	  	Escalation	 	Escalation	 	 	  	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	  	Number of	  	Factor	 	Factor	 	 	  	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	  	Aircraft	  	(Airframe)	 	(Engine)	 	 	  	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]

  
  

					
		  		 	SA-6
	FED-PA-03712-LA-1106156R2 73706-1O.TXT	  	Boeing Proprietary	 	Page 1

  

	*	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.

 Attachment 1 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 

Option Aircraft Delivery, Description, Price and Advance Payments 

 

																			
	 	  	 	  	Escalation	 	Escalation	 	 	  	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	  	Number of	  	Factor	 	Factor	 	 	  	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	  	Aircraft	  	(Airframe)	 	(Engine)	 	 	  	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	  	35	  		 		 		  		 		 		 		 	

  

					
		  		 	SA-6
	FED-PA-03712-LA-1106156R2 73706-1O.TXT	  	Boeing Proprietary	 	Page 2

  

	*	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.

 Attachment 2 to 

Letter Agreement No. FED-PA-03712-LA-11106156R2 

Aircraft Delivery, Description, Price and Advance Payments Block D Option Aircraft 

 

							
	 Airframe Model/MTOW:
	  	767-300F	  	 	408,000 pounds	  
			
	 Engine Model/Thrust:
	  	CF6-80C2B6F	  	 	60,200 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: D019T002FED63F-1, Rev D dated March 26, 2015

				
	 Airframe Price Base Year/Escalation Formula:
	 	 	[*]	  	 				 	ECI-MFG/CPI
				
	 Engine Price Base Year/Escalation Formula:
	 	 	[*]	  	 				 	GE CF6-80 & GE90 (99 rev.)
				
	 Airframe Escalation Data:
	 				 				 	
				
	 Base Year Index (ECI):
	 				 	 	[*]	  	 	
				
	 Base Year Index (CPI):
	 				 	 	[*]	  	 	
				
	 Engine Escalation Data:
	 				 				 	
				
	 Base Year Index (CPI):
	 				 	 	[*]	  	 	

 
 

  

																			
	 	  	 	  	Escalation	 	Escalation	 	 	  	Escalation Estimate	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
	Delivery	  	Number of	  	Factor	 	Factor	 	 	  	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	Date	  	Aircraft	  	(Airframe)	 	(Engine)	 	 	  	Price Per A/P	 	1%	 	4%	 	5%	 	30%
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	[*]	  	1	  	[*]	 	[*]	 		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	Total:	  	15	  		 		 		  		 		 		 		 	

 Note: the above Block D Option Aircraft, if and when exercised by Customer, are subject to the terms of letter agreement
FED-PA-03712-LA-1208296R2. 

  

					
		 	SA-6
	FED-PA-03712-LA-1106156R2 73706-1O.TXT	  	Boeing Proprietary	 	Page 1

  

	*	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.

 Attachment 3 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 

[*] 
 Notes: 

 

	 	(i)	FED Customer Fiscal Year June 1 – May 31 

  

	 	(ii)	See paragraph 6.2 of Letter Agreement FED-PA-03712-LA-1106156R2 for [*] 

 [*] 

  

					
	FED-PA-03712-LA-1106156R2	 	SA-6
	Option Aircraft	  		 	Attachment 3 Page 1
		  	BOEING PROPRIETARY	 	

  

	*	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.

 Attachment 4 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 

Firm Aircraft and Option Aircraft Delivery Schedule 

[*] 
 Notes: 

 

	 	(i)	FY: FED Customer Fiscal Year June 1 – May 31 

  

	 	(ii)	Customer has the right to purchase fifty (50) Purchase Right Aircraft for delivery through [*] 

  

					
	FED-PA-03712-LA-1106156R2	 	SA-6
	Option Aircraft	  		 	Attachment 4 Page 1
		  	BOEING PROPRIETARY	 	

  

	*	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.

					
	

	  		  	The Boeing Company
	  		  	P.O. Box 3707
	  		  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106158R2 
 Federal Express Corporation

 3610 Hacks Cross 
 Memphis, TN 38125 

 

			
	Subject:	 	Right to Purchase Additional Aircraft
		
	Reference:	 	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes FED-PA-03712-LA-1106158R1 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

 

	1.	Right to Purchase Incremental Aircraft. 

 Subject to the terms and conditions
contained herein, Customer will have the right to purchase (Purchase Right) fifty (50) additional Boeing Model 767-3S2F aircraft as purchase right aircraft (Purchase Right Aircraft). 

 

	2.	Delivery. 

 The Purchase Right Aircraft delivery positions are [*]. 

 

	3.	Configuration. 

 The configuration for the Purchase Right Aircraft will be the Detail
Specification for Model 767-3S2F aircraft at the revision level in effect at the time of the Supplemental Agreement. Such Detail Specification will be revised to include (i) changes required to obtain required regulatory certificates and
(ii) other changes as mutually agreed upon by Boeing and Customer. 
  

	4.	Price. 

 4.1 The Airframe Price, Engine Price, Optional Features Prices, and Aircraft
Basic Price for the Purchase Right Aircraft shall remain in base year [*] and such prices will be subject to escalation to the scheduled delivery date of the Purchase Right Aircraft. 

  

					
	FED-PA-03712-LA-1106158R2	 	SA-6
	Right to Purchase Additional Aircraft	  		 	Page 1
		  	BOEING PROPRIETARY	 	

  

	*	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.

 

 
  

 4.2 Subject to the provisions of Letter Agreement FED-PA-03712-LA-1106151R2
“Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right Aircraft”, the Airframe Price, Engine Price, Optional Features Prices, and Aircraft Basic Price for each of the Purchase Right Aircraft will be
adjusted for escalation in accordance with the Purchase Agreement. 
 4.3 The Advance Payment Base Price for each exercised Purchase Right
Aircraft shall be developed in accordance with the terms of the Purchase Agreement and determined at the time of Supplemental Agreement. 
  

	5.	Payment. 

 At Supplemental Agreement for the Purchase Right Aircraft, advance payments
will be payable as specified in the Purchase Agreement. The remainder of the Aircraft Price for the Purchase Right Aircraft will be paid at the time of delivery. 
  

	6.	Notice of Exercise and Payment of Deposit. 

 6.1 Customer may exercise a Purchase
Right by giving written notice (Notice of Exercise) to Boeing. All Purchase Right aircraft must be exercised for delivery no later than [*]. Such Notice of Exercise shall be accompanied by payment, by electronic transfer to the account
specified below, in accordance with the Purchase Agreement. Such amount will be the initial advance payment due at execution of the Supplemental Agreement.  

[*] 
 6.2 The parties agree that
Purchase Right Aircraft, once exercised, will be added to Table 1-C of the Purchase Agreement. 
  

	7.	Supplemental Agreement. 

 Following Customer’s exercise of a Purchase Right
in accordance with the terms and conditions stated herein [*], the parties will sign a supplemental agreement for the purchase of such Purchase Right Aircraft (Supplemental Agreement) within thirty (30) calendar days of such exercise
(Purchase Right Exercise). The Supplemental Agreement will include the provisions then contained in the Purchase Agreement as modified to reflect the provisions of this Letter Agreement and any additional mutually agreed terms and
conditions. 

  

					
	FED-PA-03712-LA-1106158R2	  	SA-6
	Right to Purchase Additional Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	8.	[*] 

  

	9.	General Expiration of Rights. 

 Each Purchase Right shall expire at the time of execution
of the Supplemental Agreement for the applicable Purchase Right Aircraft, or, if no such Supplemental Agreement is executed, on [*]. 
  

	10.	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 foregoing,
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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1106158R2	  	SA-6
	Right to Purchase Additional Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
	FED-PA-03712-LA-1106158R2	  	SA-6
	Right to Purchase Additional Aircraft	  	Page 4
		  	BOEING PROPRIETARY	  	

					
	

	 		  	The Boeing Company
	 		  	P.O. Box 3707
	 		  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106177R1 
 Federal Express Corporation

 3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	 	[*]
		
	Reference:	 	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2 Freighter aircraft (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. 
 Boeing and Customer
wish to enter into an agreement pursuant to which each party will [*] as more specifically provided below. 
  

	1.	Definitions. 

 [*] 

 

	2.	[*] 

  

	3.	[*] 

  

	4.	Assignment. 

 Notwithstanding any other provisions of the Purchase Agreement, the rights
and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s becoming the operator of the Aircraft and cannot be assigned in whole or, in part. For the purpose of supporting Customer’s
operation of the Aircraft, Boeing agrees that the rights and obligations described in this Letter Agreement may be assigned, in whole or in part, to any subsidiary of the FedEx Corporation. 

  

					
	FED-PA-03712-LA-1106177R1	  	SA-6
	[*]	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	5.	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. 
 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	Federal Express Corporation
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
	FED-PA-03712-LA-1106177R1	  	SA-6
	[*]	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

					
	

	  		  	The Boeing Company
	  		  	P.O. Box 3707
	  		  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106574R1 
 Federal Express
Corporation 
 3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	 	Agreement for Deviation from the [*]
		
	Reference:	 	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2 Freighter firm aircraft
(Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes FED-PA-03712-LA-06574 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

The Attachment to Letter Agreement No FED-PA-03712-LA-1106584R4 contains performance guarantees (Performance
Guarantees). [*] applicable to the Aircraft in accordance with such Performance Guarantees. Boeing offers the following items in the event that the guarantee compliance report furnished to Customer for any Aircraft pursuant to Article 5.4
of the AGTA shows [*]. 
  

	1.	Demonstration of Compliance. 

 Article 5.4 of the AGTA and the Performance
Guarantees provide a procedure for demonstration of compliance with the Performance Guarantees prior to Aircraft delivery. That method will be used to demonstrate compliance with the [*]. 

 

	2.	Rights and Obligations in the Event of a Compliance Deviation. 

 2.1 Aircraft
Delivery. In the event of a Compliance Deviation for any Aircraft, at the time Boeing tenders that Aircraft for delivery, Boeing will provide the applicable remedies set forth in paragraph 2.2 and section 3. Customer cannot refuse to
accept delivery of such Aircraft because of such Compliance Deviation. 

  

					
	FED-PA-03712-LA-1106574R1	  	SA-6
	Agreement for Deviation from the [*]	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 2.2 Post Delivery Improvement to Reduce or Eliminate the Compliance Deviation. In the
event of a Compliance Deviation for any Aircraft, the following terms and conditions will apply: 
 2.2.1 To the extent Boeing
reasonably determines it is economically and technically practicable, Boeing will use reasonable efforts to design, or cause to be designed by engine manufacturer, airplane drag improvement parts and/or engine fuel flow improvement parts
(Improvement Parts) which, when installed in such Aircraft, would reduce or eliminate the Compliance Deviation. 
 2.2.2 If
Boeing elects to provide, or to cause to be provided, Improvement Parts for such Aircraft, then Customer and Boeing will mutually agree upon the details of an Improvement Parts program. Improvement Parts [*]; except Improvement Parts that are
provided by the engine manufacturer [*]. Boeing and/or engine manufacturer, as applicable, will provide reasonable support for such a program [*]. 

2.2.3 If Customer elects to install Improvement Parts in such Aircraft, they will be installed within [*] after the delivery of such
Improvement Parts to Customer if such installation can be accomplished during Aircraft line maintenance. Improvement Parts which cannot be installed during Aircraft line maintenance will be installed within a mutually agreed period of time. All
Improvement Parts will be installed in accordance with Boeing and engine manufacturer instructions. 
 2.2.4 Boeing will provide and/or will
cause engine manufacturer to provide [*]. Improvement Parts related to engines will apply also to spare engines [*]. Boeing and/or the engine manufacturer, as applicable, will give Customer reasonable advance written notice of the estimated on-dock
date at Customer’s maintenance base for any such Improvement Parts. Customer’s [*] must reference this Letter Agreement and be submitted to Boeing Warranty and Product Assurance Contracts using established warranty procedures and other
terms identified in the Improvement Parts program contemplated in paragraph 2.2.2 herein. 
  

	3.	Payments. 

 In the event that Boeing has not provided, or caused to be provided by the
engine manufacturer, Improvement Parts which eliminate the Compliance Deviation, then Boeing will provide only the remedies described in this section 3. 

3.1 [*] 
 3.1.1 [*] 

3.1.2 Customer will provide to Boeing, [*]. 

3.1.3 Boeing will review the [*]. At its option, Boeing may request additional information from Customer to further substantiate the [*]. Such
additional information will not be unreasonably requested by Boeing, nor unreasonably withheld by Customer. 

  

					
	FED-PA-03712-LA-1106574R1	  	SA-6
	Agreement for Deviation from the [*]	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 3.2 [*]. In no event [*] set forth in the Attachment A hereto [*]. 

3.3 [*]. The amount of performance improvement attributable to any Improvement Parts will be determined by Boeing analysis based on
data certified to be correct by Boeing. The amount of such improvement will be deemed to be the amount of improvement as calculated using reasonable engineering interpretations based on the data furnished pursuant to Article 5.4 of the AGTA and
the data furnished pursuant to this paragraph 3.3. If Customer elects not to install Improvement Parts in any applicable Aircraft as set forth in paragraph 2.2 above, [*]. 

 

	4.	Duplication of Benefits. 

 If compensation becomes available to Customer under more than
one Boeing guarantee, engine manufacturer guarantee, or warranty, Customer will not receive duplicative compensation, but will receive the compensation most beneficial to Customer.

 

	5.	Exclusive Remedy. 

 Customer agrees that the remedies contained in Sections 2 and 3
are Customer’s exclusive remedies for purposes of resolving all issues with respect to the Performance Guarantees of Customer’s Aircraft and are in lieu of all other rights, remedies, claims and causes of action Customer may have in
connection therewith. Customer releases Boeing and its successors, affiliates and subsidiaries from all present, past and future rights, remedies, claims and causes of action, whether arising at law or otherwise, known or unknown, relating to or
arising from such Performance Guarantees. 
  

	6.	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 

  

					
	FED-PA-03712-LA-1106574R1	  	SA-6
	Agreement for Deviation from the [*]	  	Page 3
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 
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 the matters treated above, please indicate your
acceptance and approval below. 
 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
	FED-PA-03712-LA-1106574R1	  	SA-6
	Agreement for Deviation from the [*]	  	Page 4
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment A to Letter Agreement No FED-PA-03712-LA-1106574R1 

Page 1 
  

 [*] 
  

			
	NOTE:	  	Any rounding of a number, as required under this Attachment with respect to escalation of the AAL, shall be accomplished as follows: If the first digit of the portion to be dropped from the number to be rounded is five or greater,
the preceding digit shall be raised to the next higher number.

  

					
	FED-PA-03712-LA-1106574R1	  	SA-6
	Agreement for Deviation from the [*]	  	Page 5
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106584R4 
 Federal Express Corporation

 3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Aircraft Performance Guarantees
		
	Reference:	  	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F firm aircraft listed on Table 1-A, Table 1-A1,
1-A2 and Table 1-B or as otherwise agreed by Boeing and Customer in writing (Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes FED-PA-03712-LA-1106584R3 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

Boeing agrees to provide Customer with the performance guarantees in the Attachment. These guarantees are exclusive and expire upon delivery
of the Aircraft to Customer. Customer agrees to limit the remedy for non-compliance of any performance guarantee to the terms in Letter Agreements No. FED-PA-03712-LA-1106153 entitled “Liquidated Damages – Non-Excusable Delay”
and FED-PA-03712-LA-1106574R1 entitled “Agreement for Deviation from the [*].” 
 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 foregoing, 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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1106584R4	  	SA-6
	Aircraft Performance Guarantees	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
	FED-PA-03712-LA-1106584R4	  	SA-6
	Aircraft Performance Guarantees	  	Page 2
		  	BOEING PROPRIETARY	  	

 MODEL 767-300 FREIGHTER PERFORMANCE GUARANTEES 

FOR FEDERAL EXPRESS CORPORATION 
  

							
	 	 	SECTION	  	CONTENTS	  	 
				
		 	1	  	AIRCRAFT MODEL APPLICABILITY	  	
				
		 	2	  	FLIGHT PERFORMANCE	  	
				
		 	3	  	MANUFACTURER’S EMPTY WEIGHT	  	
				
		 	4	  	SOUND LEVELS	  	
				
		 	5	  	AIRCRAFT CONFIGURATION	  	
				
		 	6	  	GUARANTEE CONDITIONS	  	
				
		 	7	  	GUARANTEE COMPLIANCE	  	
				
		 	8	  	EXCLUSIVE GUARANTEES	  	

  
  

					
	P.A. No. 3712	  	
	AERO-B-BBA4-M11-1089B	  	SS12-0336
		  	BOEING PROPRIETARY	  	

 Attachment to Letter Agreement 

No. FED-PA-03712-LA-1106584R4 
 CF6-80C2B6F Engines 

Page 2 
  

			
	1	  	AIRCRAFT MODEL APPLICABILITY
		
		  	[*]
		
	2	  	FLIGHT PERFORMANCE
		
	2.1	  	Takeoff
		
		  	[*]
		
	2.2	  	Landing
		
		  	[*]
		
	2.3	  	Cruise Range
		
		  	[*]
		
	2.4	  	Mission
		
	2.4.1	  	Mission Payload
		
		  	[*]
		
	2.4.2	  	Mission Payload
		
		  	[*]
		
	2.4.3	  	Mission Payload
		
		  	[*]
		
	2.4.4	  	Mission Payload
		
		  	[*]
		
	2.4.5	  	Mission Block Fuel
		
		  	[*]
		
	2.4.6	  	[*]

  

					
	P.A. No. 3712	  	
	AERO-B-BBA4-M11-1089B	  	SS12-0336
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment to Letter Agreement 

No. FED-PA-03712-LA-1106584R4 
 CF6-80C2B6F Engines 

Page 3 
  

			
		
	2.4.7	  	767-300F Weight Summary – S-544
		
		  	[*]
		
	2.4.8	  	Standard and Operational Items Allowance
		
		  	[*]
		
	3	  	MANUFACTURER’S EMPTY WEIGHT
		
		  	[*]
		
	4	  	SOUND LEVELS
		
		  	[*]
		
	5	  	AIRCRAFT CONFIGURATION
		
		  	[*]
		
	6	  	GUARANTEE CONDITIONS
		
		  	[*]
		
	7	  	GUARANTEE COMPLIANCE
		
		  	[*]
		
	8	  	EXCLUSIVE GUARANTEES
		
		  	The only performance guarantees applicable to the Aircraft are those set forth in this Attachment.

  

					
	P.A. No. 3712	  	
	AERO-B-BBA4-M11-1089B	  	SS12-0336
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1106614R1 
 Federal Express Corporation

 3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters for Purchase Right Aircraft
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement FED-PA-03712-LA-1106614 and
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 credit memorandum provided for in this Letter Agreement will be applicable to
exercised Purchase Right Aircraft only (Exercised Purchase Right Aircraft), as described in letter agreement FED-PA-03712-LA-1106158R2, Right to Purchase Additional Aircraft. 

 

	1.	Credit Memoranda. 

 [*] 

 

	2.	Escalation of Credit Memoranda. 

 Unless otherwise noted, the amounts of the
Credit Memoranda stated in Paragraphs 1.1 through 1.5 are in [*] base year dollars and will be escalated to the scheduled month of the respective Exercised Purchase Right Aircraft delivery pursuant to the Airframe Escalation formula set
forth in the Purchase Agreement applicable to the Exercised Purchase Right Aircraft. The Credit Memoranda may, at the election of Customer, be (i) [*]. 
  

	3.	[*] 

  

	4.	Assignment. 

 Unless otherwise noted herein, the Credit Memoranda described in
this Letter Agreement are provided as a financial accommodation to Customer and in consideration of Customer’s taking title to the Exercised Purchase Right Aircraft at time of delivery and becoming the operator of the Exercised Purchase
Right Aircraft. This Letter Agreement cannot be assigned, in whole or in part, without the prior written consent of Boeing, which will not be unreasonably withheld. 

  

					
	FED-PA-03712-LA-1106614R1	  	SA-6
	Special Matters for Purchase Right Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	5.	Confidentiality 

 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. 
 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
	FED-PA-03712-LA-1106614R1	  	SA-6
	Special Matters for Purchase Right Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1208292R2 
 Federal Express Corporation

 3610 Hacks Cross 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G Aircraft
		
	Reference:	  	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement
FED-PA-03712-LA-1208292R1 and 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 provided in this Letter Agreement will be
applicable to Block B, Block C, Block E, Block F and Block G Aircraft.  
 1. [*]. 

1.1 Boeing will [*] for the Airframe Price and Optional Features Prices of each Block B, Block C, Block E, Block F and Block G
Aircraft for the period beginning [*] and continuing through [*], in accordance with the terms of this Letter Agreement.  

1.2 Notwithstanding the [*], in the event Boeing reschedules a Block B, Block C, Block E, Block F or Block G Aircraft delivery
outside the [*] pursuant to the delivery flexibility described in Letter Agreement Firm Aircraft Delivery Matters (FED-PA-03712-LA-1106154R2), Boeing agrees that the [*] will extend to apply to such rescheduled Block B, Block C, Block E,
Block F or Block G Aircraft. 
 1.3 For the avoidance of doubt, in the event of an Excusable Delay or Non-Excusable Delay
of a Block B, Block C, Block E, Block F or Block G Aircraft, Boeing and Customer acknowledge that the [*] to the contracted delivery month will be applied to such Block B, Block C, Block E, Block F or Block G Aircraft.  

1.4 If Boeing and Customer mutually agree to reschedule a Block B, Block C, Block E, Block F or Block G Aircraft within the [*],
the affected Block B, Block C, Block E, Block F or Block G Aircraft will continue to receive the [*] described herein, [*] to the rescheduled delivery month.  

1.5 The [*] for the Airframe Price and Optional Features Price of each Block B, Block C, Block E, Block F and Block G Aircraft
will be [*] during the [*] at a [*]. 

  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 2. Determining [*] for Block B, Block C, Block E, Block F and Block G Aircraft Delivering Within
the [*]. 
 2.1 For Block B, Block C, Block E, Block F and Block G Aircraft delivering within the [*], Boeing will, at
time of Block B, Block C, Block E, Block F and Block G Aircraft delivery, calculate the [*] of the Airframe Price and Optional Features Price using (i) [*] in accordance with the provisions of [*] to the Purchase Agreement [*] and
(ii) the [*]. The final Block B, Block C, Block E, Block F and Block G Aircraft Price will include the [*] Airframe Price and Optional Features Price utilizing the [*] or the [*], except as set forth below. 

2.2 Notwithstanding paragraph 2.1 above, if [*] calculated pursuant to the [*], Customer will [*] on the Airframe Price and Optional
Features Price [*] on the applicable Block B, Block C, Block E, Block F and Block G Aircraft; or 
 2.3 If [*]
calculated pursuant to the [*], Customer will [*] on the Airframe Price and Optional Features Price [*] on the applicable Block B, Block C, Block E, Block F and Block G Aircraft. At least [*] of a Block B, Block C, Block E, Block F or
Block G Aircraft, but not [*] of a Block B, Block C, Block E, Block F or Block G Aircraft, Boeing will provide Customer notification in the event the [*]. 

2.4 For an example of the determination of escalation factor applicable to the Airframe and Optional Features, refer to Attachment C to this
Letter Agreement. 
 3. Effect on Advance Payments. 

The amount and timing of advance payments Customer is required to pay to Boeing pursuant to the Purchase Agreement shall be unaffected by any
terms set forth in this Letter Agreement. 
 4. Block B, Block C, Block E, Block F and Block G Aircraft
Applicability. 
 Unless otherwise stated, the terms of this Letter Agreement shall only apply to the Block B,
Block C, Block E, Block F and Block G Aircraft set forth in Tables 1-A1, 1-A2 and 1-B of the Purchase Agreement as of the execution date of this Letter Agreement. 

  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 5. Applicability to Other Financial Consideration. 

The escalation adjustment for any other sum identified in the Purchase Agreement as subject to escalation pursuant to Supplemental
Exhibit AE1, and which pertains to Block B, Block C, Block E, Block F and Block G Aircraft set forth in Tables 1-A1, 1-A2 and 1-B as of the date of this Letter Agreement, shall be calculated using the escalation methodology
established in this Letter Agreement notwithstanding any other provisions of the Purchase Agreement to the contrary. 
 6. 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 foregoing, 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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

 

 
  
 Very truly yours, 

 

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

 Attachments A, B and C 

  
  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Special Matters Concerning Escalation – Block B, Block C, Block E, Block F and Block G Aircraft	  	Page 4
		  	BOEING PROPRIETARY	  	

 Attachment A to Letter Agreement FED-PA-03712-LA-1208292R2 

[*] 

  
  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Attachment A	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment B to Letter Agreement FED-PA-03712-LA-1208292R2 

[*] 

  
  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Attachment B	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment C to Letter Agreement FED-PA-03712-LA-1208292R2 

ESCALATION EXAMPLE 
 [*] 

  
  

					
	FED-PA-03712-LA-1208292R2	  	SA-6
	Attachment C	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1208296R1 
 Federal Express Corporation

 3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters for Block D Option Aircraft
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement FED-PA-03712-LA-1208296 and
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 credit memorandum provided for in this Letter Agreement will be applicable to
exercised Block D Option Aircraft only, which (i) are priced in [*] dollars and (ii) once exercised by the Customer will be added to Table 1-B1 of the Purchase Agreement (Exercised Block D Option Aircraft). 

 

	1.	Credit Memoranda. 

 [*] 

 

	2.	Escalation of Credit Memoranda. 

 Unless otherwise noted, the amounts of the Credit
Memoranda stated in Paragraphs 1.1 through 1.5 are in [*] base year dollars and will be escalated to the same time period as the Airframe pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to the
Exercised Block D Option Aircraft. The Credit Memoranda may, at the election of Customer, be [*]. 
  

	3.	[*] 

  

	4.	Assignment. 

 Unless otherwise noted herein, the Credit Memoranda described in this
Letter Agreement are provided as a financial accommodation to Customer and in consideration of Customer’s taking title to the Exercised Block D Option Aircraft at time of delivery and becoming the operator of the Aircraft. This Letter Agreement
cannot be assigned, in whole or in part, without the prior written consent of Boeing, which will not be unreasonably withheld. 

  
  

					
	FED-PA-03712-LA-1208296R1	  	SA-6
	Special Matters for Block D Option Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	5.	Confidentiality 

 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 foregoing, 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 thereto, and as required by law. 

  

					
	FED-PA-03712-LA-1208296R1	  	SA-6
	Special Matters for Block D Option Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
	FED-PA-03712-LA-1208296R1	  	SA-6
	Special Matters for Block D Option Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

			
	

	 	The Boeing Company
	 	P.O. Box 3707
	 	Seattle, WA 98124-2207

  
  

6-1162-SCR-146R1 
 Federal Express Corporation 

3610 Hacks Cross 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Provision – Block B and Block G Aircraft
		
	Reference:	  	Purchase Agreement 3712 (the Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (the Aircraft)

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement 6-1162-SCR-146 and amends and
supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. 
 [*] 

[Defined Terms] 
 “Block B Aircraft” means the
four (4) Option Aircraft exercised, as identified in Table 1-B as Block B Aircraft, under Supplemental Agreement Number 1 to the Purchase Agreement and shall have the meaning as defined therein. 

“Block G Aircraft” means the four (4) Aircraft identified in Table 1-A2 as Block G Aircraft pursuant to Supplemental Agreement Number
6 to the Purchase Agreement and shall have the meaning as defined therein. 
 [*] 

“RLA” or “Railway Labor Act” means 45 USC Section 151 et seq. 

“NLRA” or “National Labor Relations Act” means 29 USC Section 151 et seq. 

  
  

					
	6-1162-SCR-146R1	  	SA-6
	Special Provision – Block B and Block G Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 Very Truly Yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21 , 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
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		  	BOEING PROPRIETARY	  	

			
	

	 	The Boeing Company
	 	P.O. Box 3707
	 	Seattle, WA 98124-2207

  
  

FED-PA-03712-LA-1306854R1 
 Federal Express Corporation

 3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Performance Guarantees, Demonstrated Compliance
		
	Reference:	  	Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-300 Freighter firm aircraft
(Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In
addition, this Letter Agreement cancels and supersedes FED-PA-03712-LA-1306854 in its entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 

The Attachment to Letter Agreement No FED-PA-03712-LA-1106584R4 contains performance guarantees (Performance Guarantees).
 
  

	1.	Demonstration of Compliance. 

 1.1 Standard Method. 

      Article 5.4 of the Aircraft General Terms Agreement Number AGTA-FED
between Boeing and Customer dated November 7, 2006 (AGTA) provides that Boeing shall furnish to Customer as soon as practicable flight test data, obtained on an aircraft of the same type as the Aircraft, certified as correct by Boeing,
to evidence compliance with the Performance Guarantees (Aircraft Report); and that any Performance Guarantee shall be deemed to be met if reasonable engineering interpretations and calculations based on such flight test data establish that
the Aircraft would, if actually flown, comply with such guarantee. This method of demonstrating compliance with the Performance Guarantees is defined as the “Standard Method”. Except as provided in paragraph 1.2, the Standard Method
will be used for establishing compliance with all Performance Guarantees. 
 1.2 Demonstration Method – Delivery Flight
Verification. 
       1.2.1 Notwithstanding the provisions of Article 5.4 of the AGTA, if Customer
elects to purchase the option for the Demonstration Method pursuant to paragraph 2 herein for any Aircraft, then Customer shall have the right to request that the Demonstration Method (as defined in paragraph 1.2.4 herein) be used in lieu of the
Standard Method. Each Aircraft for which Customer elects to purchase the Demonstration Method shall be a “Demonstration Aircraft”.  

  
  

					
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 1.2.2 Customer will provide Boeing written notice to purchase the Demonstration
Method no later than three (3) months prior to the first day of the month of scheduled delivery of any Demonstration Aircraft. Notwithstanding the foregoing, with respect to MSN 43544, scheduled for delivery in November 2013, Customer
agrees to provide written notice to Boeing no later than October 24, 2013.  
 1.2.3 Customer will coordinate with
Boeing to establish a flight plan for the delivery flight with sufficient flight time in stable air to gather the Calibrated Performance data described in Attachment A to this Letter Agreement. 

1.2.4 For each Demonstration Aircraft, Boeing shall provide the [*] the respective delivery flight of a Demonstration Aircraft for the
purpose of acquiring cruise fuel mileage performance data to be used in demonstrating compliance with the guarantees defined in paragraph 4 below (Particular Guarantees). The methodology described in this paragraph 1.2.4 shall be referred to
as the “Demonstration Method”.  
 1.2.5 Establishing compliance with the Particular Guarantees shall be
referred to as “Demonstration Calibrated Performance” and will be derived as follows:  
 1.2.5.1 During the
delivery flight of each Demonstration Aircraft, cruise fuel mileage data will be obtained utilizing the calibrated production instruments of such Demonstration Aircraft. Such data shall be obtained during periods of stable cruise, in accordance with
and subject to the applicable provisions of Part A of Attachment A to this Letter Agreement. The data will be analyzed in accordance with the applicable provisions of Part B of Attachment A hereto for establishing the Demonstration Calibrated
Performance of the applicable Demonstration Aircraft. 
 1.2.6 As soon as practicable, but not later than [*] following completion of the
Demonstration Method flight of each Demonstration Aircraft, Boeing shall present to Customer the final results of the Demonstration Calibrated Performance data together with supporting flight test data and analysis. To the extent the Demonstration
Calibrated Performance as set forth in the Aircraft Report for such Demonstration Aircraft is equal to or better than the minimum value of the Particular Guarantees, compliance with such Guarantees shall be established for such Demonstration
Aircraft. 

  

					
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	2.	Price for Demonstration Method. 

 2.1 The price for the Demonstration Method shall be
[*]. Subject to the provisions of paragraphs 2.2 through 2.3, below, such amount [*]. For the avoidance of doubt, the price described in this article [*]. 

2.2 If Boeing fails to demonstrate compliance with the guaranteed minimum value of any of the Particular Guarantees on any Demonstration
Aircraft, Boeing shall test subsequently delivered Aircraft using the Demonstration Method, as soon as possible, considering the time available between the realization of failure and the first subsequent airplane delivery, [*]. In addition, Boeing
[*] of any of the Particular Guarantees; and 
 2.3 If, by means of such test, Boeing successfully demonstrates that any Aircraft is in
compliance with the guaranteed minimum value of the Particular Guarantees by the Demonstration Method, then tests of each subsequently delivered Aircraft, if any, shall be at Customer’s option and at Customer’s expense. If Boeing fails to
demonstrate compliance with the guaranteed minimum value of any of the Particular Guarantees by the Demonstration Method on subsequently delivered Aircraft, [*]. In addition, Boeing shall test subsequently delivered Aircraft [*]. 

 

	3.	Use of Demonstration Aircraft. 

 Customer agrees that Boeing may use the Aircraft to
conduct the flight tests described in paragraph 1.2 hereof and that Customer will accept delivery of such Demonstration Aircraft [*]. 
  

	4.	Particular Guarantees. 

 4.1 The guarantees for which the Demonstration Method of
compliance will be applicable are the Cruise Range Guarantee set forth in paragraph 2.3, the Mission Payload Guarantees set forth in paragraphs 2.4.1, 2.4.2, 2.4.3, and 2.4.4, and the Mission Block Fuel Guarantee set forth in paragraph 2.4.5 of the
Performance Guarantees adjusted as set forth in paragraph 4.2 below. 
 4.2 When using the Demonstration Method for a Demonstration
Aircraft, the guarantee values of the applicable Performance Guarantees shall be [*] to account for the use of calibrated cockpit instruments, in lieu of more extensive flight tests using flight test instrumentation systems and methods as described
in the then current revision of Boeing Document D041A404, “The Determination of Cruise Fuel Mileage by Flight Testing Boeing Commercial Production Airplanes”. Such adjustments which reflect the effect of [*] on the guarantee parameter are
applied to the guarantee values in the following manner: 
 a) Cruise Range – [*] 

  

					
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 b) Mission Payload Guarantee 2.4.1 – [*] 

c) Mission Payload Guarantee 2.4.2 – [*] 

d) Mission Payload Guarantee 2.4.3 – [*] 

e) Mission Payload Guarantee 2.4.4 – [*] 

f) Mission Block Fuel Guarantee 2.4.5 – [*] 

4.3 Such Cruise Range, Mission Payload, and Mission Block Fuel Guarantees so adjusted are hereinafter referred to as the
“Particular Guarantees”.  
  

	5.	Rights and Obligations in the Event of a Compliance Deviation. 

 5.1 Aircraft
Delivery. The parties agree that a “Compliance Deviation” shall refer to instances in which a demonstrated value (regardless of the method by which the compliance is demonstrated) exceeds the guaranteed minimum value of a
particular Performance Guarantee. In the event of a Compliance Deviation for any Aircraft at the time Boeing tenders for delivery, Boeing will provide the applicable remedies set forth in paragraph 5.2 and paragraph 6. Customer cannot
refuse to accept delivery of such Aircraft because of such Compliance Deviation. 
 5.2 Post Delivery Improvement to Reduce or
Eliminate the Compliance Deviation. In the event of a Compliance Deviation for any Aircraft, the following terms and conditions will apply: 

5.2.1 To the extent Boeing reasonably determines it is economically and technically practicable, Boeing will use reasonable efforts to
design, or cause to be designed by engine manufacturer, airplane drag improvement parts and/or engine fuel flow improvement parts (Improvement Parts) which, when installed in such Aircraft, would reduce or eliminate the Compliance Deviation.
 
 5.2.2 If Boeing provides, or causes to be provided Improvement Parts for such Aircraft, then Customer and Boeing will mutually
agree upon the details of an Improvement Parts program. The Improvement Parts [*]; except Improvement Parts provided by the engine manufacturer [*]. Boeing and/or engine manufacturer, as applicable, will provide reasonable support for such a
Improvement Parts program [*]. 
 5.2.3 If Customer elects to install Improvement Parts in such Aircraft, such installation will be within
[*] after the delivery of such Improvement Parts to Customer as long as such installation can be accomplished during normal Aircraft line maintenance. Improvement Parts which cannot be installed during Aircraft line maintenance will be installed
within a mutually agreed period of time. All Improvement Parts will be installed in accordance with Boeing and engine manufacturer instructions. 

  

					
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 5.2.4 Boeing will provide and will cause engine manufacturer to provide [*]. Improvement
Parts related to engines will apply also to spare engines [*]. Boeing will provide or will cause the engine manufacturer to provide Customer reasonable advance written notice of the estimated on-dock date at Customer’s maintenance base for any
such Improvement Parts. Customer’s [*] must reference this Letter Agreement and be submitted to Boeing Warranty and Product Assurance Contracts using established warranty procedures set forth in Exhibit C of the AGTA and other terms identified
in the Improvement Parts program contemplated in paragraph 5.2.2 herein. 
  

	6.	Payments. 

 In the event that Boeing has not provided, or caused to be provided by the
engine manufacturer, Improvement Parts which eliminate the Compliance Deviation, then Boeing will provide only the remedies described in this paragraph 6. 

6.1 [*] 
 6.1.1 [*] 

6.1.2 Customer will provide to Boeing, within [*]. 

6.1.3 Boeing will review the [*]. At its option, Boeing may request additional information from Customer to further substantiate the
[*]. Such additional information will not be unreasonably requested by Boeing, nor unreasonably withheld by Customer. 
 6.2 [*] 

6.3 [*]. The amount of performance improvement attributable to any Improvement Parts will be determined by Boeing analysis based on
data certified to be correct by Boeing. The amount of such improvement will be deemed to be the amount of improvement as calculated using reasonable engineering interpretations based on the data furnished pursuant to Article 5.4 of the AGTA and
the data furnished pursuant to this paragraph 6.3. If Customer elects not to install Improvement Parts in any applicable Aircraft as set forth in paragraph 5.2 above, [*]. 

 

	7.	Duplication of Benefits.  

 Boeing and Customer agree it is not the intent of the parties
to provide benefits hereunder in addition to the benefits to be provided under the Purchase Agreement, and any direct commitment to Customer by the engine manufacturer. 

  

					
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	8.	Exclusive Remedy. 

 Customer agrees that the remedies contained in paragraphs 5.2
and 6 are Customer’s exclusive remedies for purposes of resolving all issues with respect to the Performance Guarantees of Customer’s Aircraft and are in lieu of all other rights, remedies, claims and causes of action Customer may have in
connection therewith. Customer releases Boeing and its successors, affiliates and subsidiaries from all rights, remedies, claims and causes of action relating to or arising from such Performance Guarantees. 

 

	9.	Assignment. 

 Notwithstanding any other provisions of the Purchase Agreement, the rights
and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s becoming the operator of the Aircraft and cannot be assigned in whole or, in part. 

 

	10.	Confidential Treatment. 

 Customer understands and agrees that the information contained
herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to employees of Customer with a need to know the contents
for purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing. 

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

  

					
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 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
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 Attachment A to Letter Agreement No FED-PA-03712-LA-1306854R1 

Page 1 
  

 PART A 

DATA SOURCES AND METHOD OF DATA ACQUISITION 

Demonstration Method 
  

	1.	Data Sources (Calibrated Performance) 

 Since special flight test instrumentation will
not be used, data will be taken from flight deck instrument displays or available aircraft data systems and the appropriate calibration corrections will be applied to such data. The applicable instruments shall be calibrated in Boeing laboratories
or equivalent prior to the test. The following tabulation summarizes the minimum data which will be taken. 
  

			
	Mach	  	
	Altitude	  	
	Air Temperature	  	
	Primary Power Setting Parameter	  	[*]
	 Ground Speed
	  	[*]
		
	Fuel Flow	  	[*]
	Initial Gross Weight	  	[*]
	Current Gross Weight	  	

  

	2.	Data Correction 

 The corrections applied to the data will be in accordance with normal
engineering practices as detailed in the then current revision of Boeing Document D041A404, “The Determination of Cruise Fuel Mileage by Flight Testing Boeing Commercial Production Airplanes.” These procedures correct the data for
instrument calibrations, temperature deviation from a standard day, variation from unaccelerated level flight, difference between test and nominal gross weight divided by ambient static pressure ratio
(W/d), altitude effect, Reynolds Number effect, wing aeroelastics, center of gravity, variation in electrical load, ECS operation, the differences between the measured fuel heating value and the Boeing
standard value of 18,580 BTU/LB, and other corrections as appropriate. 

  

					
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 Attachment A to Letter Agreement No. FED-PA-03712-LA-1306854R1 

Page 2 
  

 PART B 

METHOD FOR DETERMINING CALIBRATED PERFORMANCE 

Demonstration Method 
 1. For each
Demonstration Aircraft, a series of points will be taken during the delivery flight to determine Cruise Specific Air Range with the target of getting [*] Mach numbers at or near the cruise Mach number specified in the Performance Guarantees and for
[*] W/d values to be representative of conditions of the Performance Guarantees with a minimum impact on the scheduled flight plan. All test data will be adjusted to represent conditions of level,
unaccelerated flight on a standard day and nominal conditions consistent with those used in the analysis of extensive flight test data obtained on an aircraft of the same type as the Aircraft as documented in the Cruise Performance Substantiation
Document for the applicable Model 767-300 Freighter. 
 2. For the purpose of determining the Demonstration Calibrated Performance to be used in
demonstrating compliance with the Particular Guarantees, the numerical average of deviations of the data for the Demonstration Aircraft will be calculated as compared to the database used for the “Standard Method”. The average deviation so
determined will be used to determine an adjustment factor to be applied to the fuel mileage level documented in the Cruise Performance Substantiation Document for the applicable Model 767-300 Freighter. This factored fuel mileage level will be used
to establish the Demonstration Calibrated Performance to be used in the calculation of compliance of the Demonstration Aircraft with the Particular Guarantees. 

  

					
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 Attachment B to Letter Agreement No FED-PA-03712-LA-1306854R1 

Page 1 
  

 [*] 
  

	(a)	[*] pursuant to paragraph 6.2 of the Letter Agreement to which this Attachment B is incorporated [*]: 

[*] 
  

			
	NOTE:	 	Any rounding of a number, as required under this Attachment with respect to escalation of the AAL, shall be accomplished as follows: If the first digit of the portion to be dropped from the number to be rounded is five or greater,
the preceding digit shall be raised to the next higher number.

  

					
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	 	The Boeing Company
	 	P.O. Box 3707
	 	Seattle, WA 98124-2207

  
  

6-1162-LKJ-0696R6 
 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38118 

 

			
	Subject:	  	[ * ]
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 All terms used but not defined in this letter agreement (Letter Agreement) have the same meaning as in the Purchase Agreement.
Other than as provided in this Letter Agreement all terms and conditions of the Purchase Agreement are hereby ratified and confirmed. 
 1. [ * ] 

2. Customer understands that Boeing considers certain commercial and financial information contained in this offer as confidential. Customer agrees that it
will treat this offer and the information contained herein as confidential and will not, without the prior written consent of Boeing, disclose this offer or any information contained herein to any other person or entity without the written consent
of Boeing. 
 Please sign and return this offer on or before January 22, 2015. 

  

					
	 6-1162-LKJ-0696R6
 January 22, 2015
	  		  	
	[ * ]	  		  	Page 1
		  	BOEING PROPRIETARY	  	

  

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	 AGREED AND ACCEPTED this
	 		 	
			
	 January 22, 2015
	 		 	
	Date	 		 	
			
	THE BOEING COMPANY	 		 	FEDERAL EXPRESS CORPORATION
			
	/s/ L. Kirsten Jensen	 		 	 /s/ George Silverman

	Signature	 		 	Signature
			
	 L. Kirsten Jensen
	 		 	 George Silverman

	Printed name	 		 	Printed name
			
	 Attorney-in-Fact
	 		 	 Vice President Materiel Management

	Title	 		 	Title

  

					
	 6-1162-LKJ-0696R6
 January 22, 2015
	  		  	
	[ * ]	  		  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Attachment to Letter Agreement 6-1162-LKJ-0696R6 

 
 

 
 [ * ] 

Note: Boeing acknowledges that as of the date of this Letter Agreement Customer has executed a definitive agreement (Supplemental Agreement No. 5) for
four (4) LDS Additional Aircraft. 
 [ * ] 

  
 BOEING PROPRIETARY

  

	*	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.

			
	

	 	The Boeing Company
	 	P.O. Box 3707
	 	Seattle, WA 98124-2207

  
  

6-1162-LKJ-0705  
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters for Block E, Block F and Block G Aircraft in Table 1-A2
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (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 credit memorandum provided for in this Letter Agreement will be applicable to Block E, Block F and Block G Aircraft, as identified in
Table 1-A2 of the Purchase Agreement (Table 1-A2 Aircraft).  
  

	1.	Credit Memoranda. 

 [*] 

 

	2.	Escalation of Credit Memoranda. 

 Unless otherwise noted, the amounts of the Credit Memoranda stated in
Paragraphs 1.1 through 1.6 are in [*] base year dollars and will be escalated to the same time period as the Airframe pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to the Table 1-A2 Aircraft. The
Credit Memoranda may, at the election of Customer, be [*]. 
  

	3.	[*] 

  

	4.	Assignment. 

 Unless otherwise noted herein, the Credit Memoranda described in this
Letter Agreement are provided as a financial accommodation to Customer and in consideration of Customer’s taking title to the Table 1-A2 Aircraft at time of delivery and becoming the operator of the Table 1-A2 Aircraft. This Letter Agreement
cannot be assigned, in whole or in part, without the prior written consent of Boeing, which will not be unreasonably withheld. 

  

					
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	5.	Confidentiality 

 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 foregoing,
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 thereto, and as required by law. 

  

					
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		  	BOEING PROPRIETARY	  	

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
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		  	BOEING PROPRIETARY	  	

			
	

	 	The Boeing Company
	 	P.O. Box 3707
	 	Seattle, WA 98124-2207

  
  

6-1162-LKJ-0707 
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Agreement Regarding [*]
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F 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. 
  

	1.	Background. 

 [*] 

 

	2.	[*] 

  

	3.	[*] 

  

	4.	Agreement Expiration. 

 Unless otherwise agreed by the parties in writing, this Letter
Agreement shall remain in full force and effect until delivery or cancellation of all Aircraft provided for in and under the Purchase Agreement. 
  

	5.	Assignment. 

 This Letter Agreement is for the benefit of the parties and their
respective successors and assigns. No rights or duties of any party to this Letter Agreement may be assigned, in whole or in part. 

  

					
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	6.	Confidentiality. 

 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 foregoing,
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 thereto, and as required by law. 

  

					
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	*	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.

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President Aircraft Acquisition

  

					
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		  	BOEING PROPRIETARY	  	

  

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	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

6-1162-LKJ-0709 
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	[*] Special Matters
		
	Reference:	  	a) Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft
(Aircraft)
		
		  	b) Customer Services General Terms Agreement No. S2-2 (CSGTA) between Boeing and Customer, as amended and supplemented 
		
		  	(c) Letter Agreement FED-SU-1106178R2, Federal Express Corporation [*]
		
		  	(d) Letter Agreement FED-S2-2-LA-1501881, [*] Special Matters – [*]

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used
but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. 
 [*] 

 

	1.	[*] 

  

	2.	[*] 

  

	3.	Definitive Agreements. 

 The [*] described herein are or will be incorporated into
definitive agreements between Customer and Boeing for the [*]. Such definitive agreements are or will include the terms contained herein and additional terms not included in this Letter Agreement. 

  

					
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	4.	Assignment. 

 Notwithstanding any other provisions of the Purchase Agreement, the rights
and obligations described in this Letter Agreement are provided to Customer in consideration of Customer becoming the operator of the Aircraft and cannot be assigned in whole or, in part. 

 

	5.	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 foregoing,
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 thereto, and as required by law. 

  

					
	6-1162-LKJ-0709	  		  	SA-6
	[*] Special Matters	  		  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
	6-1162-LKJ-0709	  		  	SA-6
	[*] Special Matters	  		  	Page 3
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-S2-2-LA-1501881 
 Federal Express Corporation 

3610 Hacks Cross 
 Memphis, TN 38125 

Subject:            [*] Special Matters – [*] 

References: 
  

	 	a)	Supplement Agreement (SA) No. 6 to Purchase Agreement No. 3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model
767-3S2F aircraft (Aircraft) 

  

	 	b)	Customer Services General Terms Agreement No. S2-2 (CSGTA), as amended and supplemented, between Boeing and Customer 

  

	 	c)	[*] between Boeing and Customer (collectively [*]) 

 This letter agreement (Letter
Agreement) will become effective upon signature by Boeing and Customer. 
  

	1.	[*] 

  

	2.	[*] 

  

	3.	Assignment. 

 This credit memorandum is provided as a financial accommodation to Customer
and cannot be assigned, in whole or in part, without the prior written consent of Boeing. 
  

	4.	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. 

  

					
	FED-S2-2-LA-1501881	  		  	July 06, 2015
	Special Matters-[*]	  		  	LA Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

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

 

			
	/s/ Sarah Swezey
	
	THE BOEING COMPANY
		
	By	 	 Sarah Swezey

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21

	
	Federal Express Corporation
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
	FED-S2-2-LA-1501881	  		  	July 06, 2015
	Special Matters-[*]	  		  	LA Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

6-1162-LKJ-0708 
 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38118 

 

			
	Attention:	  	Mr. Kevin Burkhart
		  	Managing Director – Aircraft Acquisitions & Sales
		
	Subject:	  	Special Considerations for [*] in 2015 and 2016
		
	References:	  	(a) Purchase Agreement 3712 between The Boeing Company (Boeing) and Federal Express Corporation (Customer) dated December 14, 2011 relating to Model 767-3S2F Aircraft (767 Purchase Agreement)
		
		  	(b) Purchase Agreement 3157 between Boeing and Customer dated November 7, 2006 relating to 777-Freighter Aircraft (777 Purchase Agreement)

 All terms used but not defined in this letter (Letter Agreement) shall have the same meaning as in the 767 Purchase
Agreement. 
  

	1.	Background. 

 1.1 Boeing and Customer intend to execute Supplemental Agreement No. 6
(SA-6) to the 767 Purchase Agreement to add thirty-five (35) Block E Aircraft, eleven (11) Block F Aircraft and four (4) Block G Aircraft to the Purchase Agreement, and additional Option Aircraft and Purchase Rights. Upon execution of
SA-6, Customer will owe a payment to Boeing in the amount of [*]. 
 1.2 [*] 

 

	2.	Agreement. 

 Boeing will agree to Customer’s request for [*] as outlined in
paragraph 1.2 above in exchange for Customer providing the following considerations: 
 2.1 [*] 

2.2 [*] 
 2.3 [*] 

2.4 [*] 
 2.5 [*] 

  

					
	6-1162-LKJ-0708	  		  	
	Special Considerations for [*] in 2015 and 2016	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	3.	Confidentiality. 

 Customer understands and agrees that the information contained herein
represents confidential business information and has value precisely because it is not available generally or to other parties. Customer agrees to limit the disclosure of its contents to employees of Customer with a need to know the contents for
purposes of helping Customer perform its obligations under the Purchase Agreement and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing. 

Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	 /s/ Kirsten Jensen

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 July 21, 2015

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 Vice President

  

					
	6-1162-LKJ-0708	  		  	Page 2
	Special Considerations for [*] in 2015 and 2016	  	
		  	BOEING PROPRIETARY	  	

  

	*	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.

			
	

	  	The Boeing Company
	  	P.O. Box 3707
	  	Seattle, WA 98124-2207

  
  

FED-SU-1106178R2 
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Federal Express Corporation [*]
		
	References:	  	1) Purchase Agreement No. PA-03712 (767 Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft
(Aircraft)
		
		  	2) FED-MO-1105406 R1 Proposal for 767-300 Boeing Converted Freighter (BCF) Program (Proposal for 25 767-300 BCF aircraft)
		
		  	3) FED-MO-1105421 R1 Proposal for 767-300 Boeing Converted Freighter Program (Proposal for 50 767-300 BCF aircraft)

 This agreement No. FED-SU-1106178R2, dated July 15, 2015 supersedes and replaces in its entirety
agreement No. FED-SU-1106178R1, dated June 29, 2012. 

This Agreement incorporates the terms and conditions of Customer Services General Terms Agreement No. S2-2 (“CSGTA”) between
Boeing and Customer by reference. All capitalized terms used but not defined in this Agreement have the same meaning as in the CSGTA. On the date Customer accepts this offer it will become an Order to the CSGTA. 

 

	1.	[*] 

  

	2.	Definitions 

 2.1 “Agreement” means this Order to the CSGTA. 

2.2 [*] 
 2.3 [*] 

2.4 [*] 
 2.5 “Option
Aircraft” means all exercised Aircraft options as listed in Table 1-B of the 767 Purchase Agreement. 
 2.6 “Purchase Right
Aircraft” means all Purchase Right Aircraft as listed in Table 1-C of the 767 Purchase Agreement. 
 2.7 [*] 

2.8 [*] 

  

					
	FED-SU-1106178R2	  		  	
	[*]	  		  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	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.

 

 
  

	3.	Term 

 3.1 Once this Agreement is executed, this Agreement will be in effect and
[*]. 
 3.2 [*] 
 3.3 [*] 

 

	4.	[*] 

 4.1 [*] 

4.2 [*] 
 4.3 [*] 

4.4 [*] 
  

	 	•	 	Other than to a subsidiary of Customer, Customer may not assign [*] under this Agreement, in whole or in part, without the prior written consent of Boeing. 

[*] 
  

	5.	Miscellaneous 

 5.1 Entire Agreement. This Agreement and the CSGTA contain
the entire agreement between the parties and supersede all previous proposals, understandings, commitments or representations, oral or written, with respect to the subject matter hereof. 

5.2 Confidential Treatment. Customer understands that Boeing considers certain commercial and financial information contained in this
Agreement as confidential. Customer and Boeing agree that it will treat this Agreement and the information contained herein as confidential. Customer agrees to limit the disclosure of the contents of this 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 Agreement and the terms and conditions
herein to its parent company, FedEx Corporation, to the Board of Directors of its parent company, FedEx Corporation, to its professional advisors under a duty of confidentiality with respect hereto, and as required by law. 

 

					
	AGREED AND ACCEPTED this	 		 	
			
	 July 21, 2015
	 		 	
	Date	 		 	
			
	THE BOEING COMPANY	 		 	FEDERAL EXPRESS CORPORATION
			
	 /s/ Sarah Swezey
	 		 	 /s/ Phillip C. Blum

	Signature	 		 	Signature
			
	 Sarah Swezey
	 		 	 Phillip C. Blum

	Printed name	 		 	Printed name
			
	 Attorney-in-Fact
	 		 	 Vice President

	Title	 		 	Title

  

					
	FED-SU-1106178R2	  		  	
	[*]	  		  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	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.

 Tri-Party Agreement Regarding [*] 

THIS AGREEMENT, (Agreement) is entered into as of July 21, 2015, among Federal Express Corporation, (FedEx ), The Boeing Company (Boeing) and General
Electric Company (GE) (hereinafter individually and collectively referred to as the Party or Parties, respectively). 
 RECITALS 

A. WHEREAS, FedEx has purchased at least thirty-five (35) incremental Boeing Model 767F aircraft with the right to purchase additional option aircraft
and purchase rights (the “Additional Order”). 
 [*] 

    NOW THEREFORE, in consideration of the mutual promises and covenants herein contained the Parties hereto agree as follows: 

1. [*] 
 2. [*] 

3. This Agreement is for the benefit of the Parties and their respective successors and assigns. No rights or duties of any Party to this Agreement may be
assigned, in whole or in part, without the prior written consent of the Parties. 
 4. This Agreement shall be interpreted under and governed by the laws of
the state of Washington, U.S.A., except that Washington’s choice of law rules shall not be invoked for the purpose of applying the law of another jurisdiction. 

5. No Party to this Agreement will make any news release or make any other information releases concerning this Agreement without the prior written consent of
the other Parties. If consent is obtained, the Party disclosing information will, in each instance, obtain the prior written approval of the other Parties concerning the exact text and timing of any such disclosure. 

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.

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed, as of the date
first above, by their officers or agents thereunto duly authorized. 
  

			
	THE BOEING COMPANY
		
	By 	 	 /s/ Kirsten Jensen

		
	Title	 	 Attorney-in-Fact

	
	GENERAL ELECTRIC COMPANY
		
	By	 	 /s/ Kellan Grant

		
	Title	 	 Attorney-in-Fact

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Title	 	 Vice PresidentEX-10.6

 Exhibit 10.6 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 
  

					
	Dean Alexander, et al.,	  	Case No. 3:05-CV-38-EMC	  	
		  	  	
			
	             Plaintiffs,
	  		  	
			
	 v.
	  		  	
			
	FedEx Ground Package System, Inc.,	  		  	
			
	             Defendant.
	  		  	

 CLASS ACTION SETTLEMENT AGREEMENT 

This Class Action Settlement Agreement (with the exhibits attached hereto, the “Agreement” or the “Settlement Agreement”)
is made and entered into as of this      day of July, 2015 between Dean Alexander, Peter Allen, Albert Anaya, Suzanne Andrade, Jerrett Henderson, Ely Ines, Paul Infantino, Jorge Isla, Eric Jeppson, Gupertino Magana, Bernard
Mendoza, Jesse Padilla, Joey Rodriguez, Dale Rose, Allan Ross, Agostino Scalercio, and Anthony Ybarra (collectively, the “Plaintiffs”), on behalf of themselves, the Certified Class, and the Certified Sub-Class, as defined below, and
Defendant FedEx Ground Package System, Inc. (“FXG”), collectively, the “Parties,” to settle, fully and finally, all of the Released Claims (as defined below). This Agreement is made in consideration of the following facts: 

A. Certain disputes and differences have arisen between the Parties concerning FXG’s classification of package delivery drivers as
independent contractors instead of employees. Plaintiffs allege that based upon this employment classification, they and the members of the Certified Class and the Certified Sub-Class were, among other things, unlawfully deprived of the benefits of
the California labor laws, were not paid all wages due, and bore expenses that should have been borne by FXG. 
 B. Dean Alexander, et
al. v. FedEx Ground Package System, Inc., Case No. 3:05-CV-38-EMC, is currently pending in the United States District Court for the Northern District of California (the “Lawsuit”). The Lawsuit had previously been part of multi-district litigation proceedings in the United States District Court for the Northern District of Indiana (the “MDL”). In the MDL, Plaintiffs brought fifteen claims for relief against FXG in their
Third Amended Complaint: (1) Interfering, Restraining or Denying the Exercise of Rights Under the Family Medical Leave Act in violation 29 U.S.C. § 2617(a)(1)(B); (2) Failure to Reimburse in Violation of Labor Code § 2802;
(3) Failure to Pay Overtime Compensation in Violation of California Labor Code §§ 510 and 1194 et seq. and For Late Payment of Wages in Violation of California 

  
 1 

 
Labor Code § 201 et seq.; (4) Failure to Provide Meal and Break Periods in Violation of California Labor Code §§ 510 and 226.7 and IWC 9; (5) Illegal Deductions From
Wages in Violation Of California Labor Code § 221 and 223; (6) For Unlawful Coercion in Violation of California Labor Code § 450 et seq.; (7) Fraud; (8) Unfair Business Practices in Violation of California Business and
Professions Code §§ 17200 et seq.; (9) Injunctive Relief under Cal. Bus. & Prof. Code § 17203; (10) Declaratory Relief under the Declaratory Judgment Act, 28 U.S.C. § 2201; California Code of Civil Procedure
§ 1060; (11) For an Accounting; (12) Civil Penalties under Labor Code § 2699; (13) Discrimination for the Exercise of Rights Under the Family Medical Leave Act in Violation of 29 U.S.C. § 2615(a)(2), (b);
(14) Wrongful Termination in Violation of Public Policy; and (15) Injunctive and Declaratory Relief for Waiver of Claims in Violation of California Civil Code § 1668. FXG denies all of the allegations asserted in the Lawsuit and
denies that it has committed any violation of law, misconduct, wrongdoing, or any other actionable conduct, and also denies that it has misclassified the Plaintiffs or the members of the Certified Class or Certified Sub-Class. 

C. The MDL Court certified certain of Plaintiffs’ state-law claims (i.e., claims 2, 3, 5, 6, 8–10) and later ruled on the
Parties’ motions for summary adjudication that the class members and sub-class members were independent contractors under California law. The MDL Court denied Plaintiffs’ motion for class certification as to their claims under the Family
Medical Leave Act (i.e., claims 1 and 13). On or around May 27, 2011, the Judicial Panel on Multidistrict Litigation ordered that this case be remanded back to the Northern District of California for all future proceedings.

 D. After further discovery on remand, the parties settled the FMLA-related claims. 

E. Plaintiffs appealed this ruling to the United States Court of Appeals for the Ninth Circuit, and FXG conditionally cross-appealed (the “Appeal”). FXG’s cross-appeal argued that if the Ninth Circuit reversed the MDL Court’s grant of summary judgment to FXG, it should also reverse the MDL Court’s decision
to certify the proposed classes. 
 F. On August 27, 2014, the Ninth Circuit issued an opinion in the Alexander action in which
it reversed the MDL Court’s grant of partial summary judgment in favor of FXG and its denial of the Plaintiffs’ motion for partial summary judgment. The Ninth Circuit held instead that the Plaintiff drivers for FXG were employees under
California law and remanded to the Northern District of California with instructions to enter summary judgment for Plaintiffs on their employment status. 

G. The Parties, through counsel, have engaged in arm’s-length settlement negotiations. All Parties in the Lawsuit have agreed to settle
the Lawsuit on behalf of the Certified Class, the Certified Sub-Class, and the individual Plaintiffs. 
 H. The Parties understand,
acknowledge, and agree that this Agreement constitutes the compromise of all the disputed claims at issue in the Lawsuit and that it is the desire and intention of each of the Parties to effect a final and complete resolution of the Lawsuit and of
the Released Claims of the Plaintiffs, the Certified Class, and the Certified Sub-Class, including all costs and attorneys’ fees incurred. 

  
 2 

 I. Plaintiffs and Class Counsel: (1) have examined and considered the benefits to be
provided to Class Members and Sub-Class Members under the settlement provided for in this Agreement (the “Settlement”); (2) have considered the laws of California and the claims that have been
and could be asserted relating to the classification of the members of the Certified Class and the Certified Sub-Class as independent contractors; and (3) believe the Settlement to be fair, reasonable,
and adequate, and in the best interest of the Certified Class and the Certified Sub-Class, taking into account the benefits provided to the members of the Certified Class and the Certified Sub-Class through the terms of the Settlement, the decisions
rendered in the Lawsuit, the risks of litigation, and the length of time that would be required to complete the litigation and any appeals. 

J. The Parties further acknowledge that this Settlement is a compromise of disputed claims and that FXG is not in any way admitting liability
by entering into this Settlement. FXG has at all times disputed, and continues to dispute, the allegations in the Lawsuit and denies any liability for any of the claims that have or could have been raised in the Lawsuit regarding the classification
of the Plaintiffs and the members of the Certified Class and the Certified Sub-Class as independent contractors, but believes that the Settlement as provided in this Agreement will avoid the substantial expense and disruption of continued
litigation. 
 K. The Parties believe that the Settlement is fair, reasonable and adequate. The Settlement was arrived at through
arm’s-length negotiations, taking into account all relevant factors, and will materially benefit the members of the Certified Class and the Certified Sub-Class. The Parties recognize the uncertainty,
risk, expense, and delay attendant to continuing the Lawsuit through trial and any appeal. Accordingly, the Parties desire to fully, finally, and forever settle, compromise, and discharge all disputes and claims arising from or relating to the
Lawsuit. 
 Therefore, in consideration of the promises and agreements contained herein, the Parties agree and covenant as follows: 

 

	I.	DEFINITIONS 

 As used in this Agreement, the following definitions (in addition to those
set forth elsewhere herein) shall apply: 
 A. “Administration Expenses” means reasonable fees and expenses incurred by the
Settlement Administrator for: (1) preparation and mailing of the Settlement Notice, Class and Settlement Notice, and Forms; (2) preparation and mailing of the Summary Notice; (3) preparation and mailing of the notice required by the
Class Action Fairness Act, 28 U.S.C. § 1715; (4) receipt and evaluation of Exclusion Requests from Unnotified Class Members; (5) receipt and adjudication of Forms submitted by Class Members and
Sub-Class Members for payment under this Settlement; (6) processing objections to this Settlement; (7) establishment and maintenance of the Class Settlement Fund, which is intended to be a
“qualified settlement fund” under Internal Revenue Code § 468B and Treasury Regulation § 1.468B-1, as described in Section III.A below; (8) preparing and filing federal income tax returns for the Class
Settlement Fund, as well as any other tax filings the Class Settlement Fund must make under federal, state, or local law; (9) paying and depositing the federal taxes owed by the Class Settlement Fund

  
 3 

 
under Treasury Regulation § 1.468B-2, as well as any state or local taxes owed by the Class Settlement Fund; (10) preparing, filing, and issuing all necessary tax reporting forms
for the Class Settlement Fund, including IRS Forms 1099 and/or W-2 regarding the distribution of payments to Class Members, Class Counsel, and Plaintiffs; (11) providing FXG with copies of all tax reporting and filings made for the Class
Settlement Fund, including copies of the checks and IRS Forms 1099 and W-2 issued to Class Members, Class Counsel, and Plaintiffs, and any other documentation to show that the tax reporting and filings were timely transmitted to the claimants and
the applicable taxing authorities; (12) mailing of settlement payments to Eligible Class Members and Eligible Sub-Class Members who timely submit Valid Claims; (13) mailing of payment(s) for
attorneys’ fees and costs to Class Counsel; (14) mailing of incentive awards to Plaintiffs; and (15) performance of any other actions specified in this Agreement or mutually requested by the Parties in writing. 

B. “Certified Class,” or “Class,” means: 

“All persons who: 1) entered into an [sic] FedEx Ground or FedEx Home Delivery Form Operating Agreement (now known as OP-149 and Form
OP-149-RES); 2) drove a vehicle on a full-time basis (meaning exclusive of time off for commonly excused employment absences) from November 17, 2000 through October 15, 2007 to provide package pick-up and delivery services pursuant to the
Operating Agreement; and 3) were dispatched out of a terminal in the state of California.” 
 For the purposes of this definition, and with regard to
the terms of this Settlement Agreement, “persons” shall be defined to include both individuals and other business entities (whether partnerships, limited liability companies, sole proprietorships, corporations, or other business
structures) who were signatories to operating agreements with FXG during the specified time period. It shall also include business entities (of whatever type) which entered into, or assumed an assignment of, an FXG Operating Agreement on or after
October 15, 2007 where the authorized officer or owner of the business entity was a Class Member. 
 C. “Certified Sub-Class”
or “Sub-Class” means: 
 All persons who: 1) entered into an [sic] FedEx Ground or FedEx Home Delivery Form Operating Agreement
(now known as OP-149 and Form OP-149-RES); 2) drove a vehicle on a full-time basis (meaning exclusive of time off for commonly excused employment absences) from November 17, 2000 through October 15, 2007 to provide package pick-up and
delivery services pursuant to the Operating Agreement; 3) were dispatched out of a terminal in the state of California; and 4) at any time during the class period operated a vehicle with gross vehicle weight rating of less than 10,001 pounds. 

For the purposes of this definition, and with regard to the terms of this Settlement Agreement, “persons” shall be defined to include both
individuals and other business entities (whether partnerships, limited liability companies, sole proprietorships, corporations, or other business structures) who were signatories to operating agreements with FXG during the specified time

  
 4 

 
period. It shall also include business entities (of whatever type) which entered into, or assumed an assignment of, an FXG Operating Agreement on or after October 15, 2007 where the
authorized officer or owner of the business entity was a Sub-Class Member. 
 D. “Class Member” means any individual or business
entity meeting the qualifications set forth in Section I.B. above, and/or any individual or business entity who was a signatory to an FXG Operating Agreement during the specified time period who the Parties otherwise agree to shall be considered a
member of the Class. A preliminary list of Class and Subclass Members is attached hereto as Exhibit A1. Notwithstanding the attached list, nothing shall prevent the Parties, through their counsel, from mutually agreeing to subsequently modify
the list of Class Members and Sub-Class Members to correct errors or omissions therein. 
 E. “Sub-Class Member” means any
individual or business entity meeting the qualifications set forth in Section I.C. above, and/or any individual or business entity who was a signatory to an FXG Operating Agreement during the specified time period who the Parties otherwise agree to
shall be considered a member of the Class. A preliminary list of Class and Subclass Members is attached hereto as Exhibit A2. Notwithstanding the attached list, nothing shall prevent the Parties, through their counsel, from mutually agreeing
to subsequently modify the list of Class Members and Sub-Class Members to correct errors or omissions therein. 
 F. “Class
Counsel” means Beth Ross, Esq., Aaron Kaufmann, Esq., David Pogrel, Esq., and Elizabeth Gropman, Esq. of Leonard Carder LLP. 
 G.
“Court” means the judge presiding over the Lawsuit, currently United States District Judge Edward M. Chen. 
 H. “Effective
Date” means the first business day after the following has occurred: (i) 45 days have lapsed from the entry by the Court of the Final Approval Order and the judgment thereon, and no notice of appeal of the judgment or any Order in the
Lawsuit has been filed, the time provided for in Rule 4 of the Federal Rules of Appellate Procedure to take any such appeal has expired, and any right to take any such appeal from the judgment or from any such Order has been waived or otherwise
lost; or (ii) if an appeal has been taken, each such appeal has been finally adjudicated and the Final Approval Order and judgment have been upheld in all respects by each such final adjudication, and either the time for initiation of the next
step in the appellate process (e.g., a petition for writ of certiorari) has expired without any action by appellant(s) or the next step in the appellate process was invoked and has been concluded without any impact on the Final Approval Order or
judgment. 
 I. “Eligible Class Member” means each Class Member and Sub-Class Member who timely and properly completes in full,
signs under penalty of perjury, and submits the Forms, in accordance with the requirements of the Preliminary Approval Order. 
 J.
“Fairness Hearing” means the final hearing, to be held after notice has been provided to the Class Members and Sub-Class Members in accordance with Section IV of this Agreement, to determine whether to grant final approval to the
Settlement and enter the Final Approval Order. 

  
 5 

 K. “Final Approval Order” means the proposed Order Granting Final Approval to the Class
Action Settlement Agreement and Entry of Final Judgment, to be entered by the Court with the terms and in the form of Exhibit B to this Agreement. 

L. “Final Claims Date” means the date that the Preliminary Approval Order establishes as the date on or before which, to meet the
timing requirement for a claim to qualify as a Valid Claim, all Forms must be placed in the United States Mail with first-class postage, addressed to the Settlement Administrator, and postmarked by the United States Postal Service. 

M. “Forms” means, collectively, Form W-9 and the Claim Form to be included with the Settlement Notice. 

N. “Form W-9” means the Internal Revenue Service’s Form W-9 (Request for Taxpayer Identification Number and Certification),
which will be included with the Settlement Notice. 
 O. “Claim Form” means the proposed form attached hereto as
Exhibit C, to be approved by the Court and submitted, in accordance with Section III of this Agreement, to the Settlement Administrator by Class Members and Sub-Class Members who wish to receive a payment pursuant to the Settlement.

 P. “Settlement Notice” means, individually or collectively as the context may indicate, the proposed written notice attached
hereto as Exhibit D, to be approved by the Court and mailed to Notified Class Members and Sub-Class Members in accordance with Section IV of this Agreement. 

Q. “Preliminary Approval Order” means the proposed Order Granting Preliminary Approval to Class Action Settlement Agreement, to be
entered by the Court with the terms and in the form of Exhibit F to this Agreement. 
 R. “Released Claims,” as to
Plaintiffs and all Class Members and Sub-Class Members, means all claims, actions, causes of action, administrative claims, demands, debts, damages, penalties, costs, interest, attorneys’ fees, obligations, judgments, expenses, or liabilities,
in law or in equity, whether now known or unknown, contingent or absolute, which: (i) are owned or held by Plaintiffs, Class Members, and Sub-Class Members and/or by their affiliated business entities (if any), or any of them, as against
Releasees, or any of them; and (ii) arise under any statutory or common law claim which was asserted in Plaintiffs’ operative complaint or, whether or not asserted, are related to, or arise from, the employment classification of the Class
or Subclass including but not limited to claims under California Labor Code §§ 201 et seq., 221, 223, 224, 226.7, 450 et seq., 510, 1194 et seq., 2699, 2802, 3200 et seq., IWC 9, California Business and Professions Code
§§ 17200 et seq. and 17203; the Declaratory Judgment Act, 28 U.S.C. § 2201; California Code of Civil Procedure § 1060 and (iii) pertain to any time prior to the entry of the Preliminary Approval Order by the Court. This
release includes any known or unknown claims for damages or injunctive relief. Specifically, the Class and Sub-class, in exchange for the valuable consideration offered herein, on their own behalf, and on behalf of any corporation, limited liability
company, sole proprietorship, and any other business entity with which they have an ownership interest hereby expressly waives any 

  
 6 

 
and all rights and benefits conferred upon them by the provisions of SECTION 1542 OF THE CALIFORNIA CIVIL CODE and expressly consents that this Agreement (including, without limitation, the
Release set forth above) shall be given full force and effect according to each and all of its express terms and provisions, including those related to unknown and unsuspected claims, if any, as well as those relating to any other claims hereinabove
specified. SECTION 1542 provides: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

S. “Releasees” means: (a) FXG, its consolidated subsidiaries, successors, predecessors, assigns, affiliates, parent companies,
shareholders, officers, directors, agents, insurers, attorneys, and employees; and (b) FXG’s past, present, and future shareholders, officers, directors, agents, employees, attorneys, and insurers. 

T. “Settlement Administrator” means the qualified firm approved by the Court to administer the Settlement and the Class Settlement
Fund as described in Section III.A of this Agreement. 
 U. “Valid Claim” refers to Forms that: (i) are timely submitted
by a Class Member or Sub-Class Member in accordance with the requirements of the Preliminary Approval Order, (ii) are signed under penalty of perjury by that Class Member or Sub-Class Member, and (iii) contain all of the information
required for that Class Member or Sub-Class Member to be an Eligible Class Member or Eligible Sub-Class Member. Class Members and Sub-Class Members who timely submit Forms that are deficient in one or more respects will receive a deficiency notice
from the Settlement Administrator and will have 30 days after the mailing of the deficiency notice in which to cure the deficiency. If a Class Member or Sub-Class Member fails to cure the deficiency within that time, the Settlement Administrator
shall deem the deficient claim to be an invalid claim. 
 V. “Class Settlement Fund” means the fund that will be established and
maintained to resolve the claims at issue, as described in Section III.A. below, and which is intended to be a qualified settlement fund within the meaning of Internal Revenue Code § 468B and Treasury Regulation § 1.468B-1. 

W. “Notified Class Member” means a Class Member who, prior to execution of this Settlement Agreement, received notice of his/her/its
membership in the Certified Class and did not opt out in the manner and time prescribed by the MDL Court. 
 X. “Unnotified Class
Member” means a Class Member who is not a Notified Class Member. 
 Y. “Class and Settlement Notice” means, individually or
collectively as the context may indicate, the proposed written notice attached hereto as Exhibit E, to be approved by the Court and mailed to Unnotified Class Members and Sub-Class Members in accordance with Section IV of this Agreement. 

Z. “Exclusion Request” means a request to opt out of the Certified Class by any Unnotified Class Member. 

  
 7 

	II.	REQUIRED EVENTS 

 The events set forth in this Section II, in addition to the
occurrence of the “Effective Date” as described in Section I., are conditions precedent to this Agreement becoming effective. 

As soon as practicable after the execution of this Agreement by all Plaintiffs and FXG, the Plaintiffs shall file this Agreement with the
Court and move for entry of the Preliminary Approval Order, substantially in the form of Exhibit F hereto, which by its terms shall accomplish all of the following: 
  

	 	1.	Preliminarily approve this Settlement as fair, reasonable, and adequate to the Class Members and Sub-Class Members; 

  

	 	2.	Designate Rust Consulting as the Settlement Administrator, and approve it to perform the following functions in accordance with the terms of this Agreement, the Preliminary Approval Order, and the Final Approval Order:

  

	 	a.	Provide for the Settlement Notice (with the Fairness Hearing date) and the Forms, in a form substantially the same as the documents attached hereto as Exhibit C and Exhibit D, to be sent by mail to
all Notified Class Members and Sub-Class Members that can be identified through a reasonable effort; 

  

	 	b.	Provide for the Class and Settlement Notice (with the Fairness Hearing date) and the Forms, in a form substantially the same as the document attached hereto as Exhibit C and Exhibit E, to be sent by mail to all
Unnotified Class Members and Sub-Class Members that can be identified through a reasonable effort; 

  

	 	c.	Receive and evaluate any Exclusion Requests from Unnotified Class Members 

  

	 	d.	Provide for the notice required by the Class Action Fairness Act (“CAFA”), 28 U.S.C. § 1715, substantially in the form attached hereto as Exhibit G, to be mailed in accordance with the
provisions of CAFA to the appropriate federal and state officials; 

  

	 	e.	Receive, evaluate, and either approve as meeting the requirements of Section III.B of this Agreement or disapprove as failing to meet those requirements, the Forms submitted by Class Members and Sub-Class Members
seeking to receive a payment under this Settlement, all in accordance with Sections I and III of this Agreement; 

  
 8 

	 	f.	Provide to FXG and Class Counsel, 14 days after the first mailing of the Settlement Notice and Forms and then updated every 14 days thereafter, (i) a list of the names and addresses of all Class Members and
Sub-Class Members who have submitted Forms and whose Forms the Settlement Administrator has determined constitute Valid Claims; (ii) a separate list of the names and addresses of all Class Members and Sub-Class Members who have submitted Forms
and whose Forms the Settlement Administrator has determined do not constitute Valid Claims; (iii) a separate list of the names and addresses of all Class Members and Sub-Class Members who have submitted documents indicating that they wish to
object to the Settlement; and (iv) a list of the names and addresses of all Unnotified Class Members who have submitted Exclusion Requests along with copies of the Exclusion Requests. 

 

	 	g.	Send, by first-class United States Mail, to each Class Member and Sub-Class Member who has timely submitted Forms that the Settlement Administrator has determined to be deficient in some respect, a notice of deficiency;

  

	 	h.	Process objections to the Settlement in accordance with Section VI of this Agreement; 

  

	 	i.	Mail settlement payments to Class Members and Sub-Class Members with Valid Claims, as ordered by the Court in the Final Approval Order, in accordance with Section III of this Agreement; 

 

	 	j.	Mail payment(s) for attorneys’ fees and costs to Class Counsel, as ordered by the Court in the Final Approval Order, in accordance with Section VII of this Agreement; 

 

	 	k.	Mail incentive awards to Plaintiffs as ordered by the Court in the Final Approval Order, in accordance with Section VII of this Agreement; 

 

	 	l.	Establish, designate and maintain the Class Settlement Fund as a “qualified settlement fund” under Internal Revenue Code § 468B and Treasury Regulation § 1.468B-1 for the purpose of
resolving the contested claims of Eligible Class Members and Eligible Sub-Class Members; 

  

	 	m.	Maintain the assets of the Class Settlement Fund in a non-interest bearing escrow account segregated from the assets of FXG and any person related to FXG; 

 

	 	n.	Obtain an employer identification number (EIN) for the Class Settlement Fund pursuant to Treasury Regulation § 1.468B-2(k)(4); 

  

	 	o.	Prepare and file federal income tax returns for the Class Settlement Fund, as well as any other tax filings the Class Settlement Fund must make under federal, state, or local law; 

  
 9 

	 	p.	Cooperate with FXG to jointly file a relation-back election under Treasury Regulation § 1.468B-1(j)(2), if necessary, to treat the Class Settlement Fund as coming into existence as of the earliest possible date;

  

	 	q.	Pay and deposit the federal taxes owed by the Class Settlement Fund under Treasury Regulation § 1.468B-2, as well as any state or local taxes owed by the Class Settlement Fund; 

 

	 	r.	Prepare, file, and issue all necessary tax reporting forms for the Class Settlement Fund, including IRS Forms 1099 regarding the distribution of payments to Class Members, Class Counsel, and Plaintiffs;

  

	 	s.	Provide FXG with copies of all tax reporting and filings made for the Class Settlement Fund, including copies of the checks and IRS Forms 1099 issued to Class Members, Class Counsel, and Plaintiffs, and any other
documentation to show that the tax reporting and filings were timely transmitted to the claimants and the applicable taxing authorities; 

  

	 	t.	Pay any additional tax liabilities (including penalties and interest) that arise from the establishment and administration of the Class Settlement Fund solely from the assets of the Class Settlement Fund without any
recourse against FXG for additional monies; 

  

	 	u.	Within 30 days after the payment of all Valid Claims, provide to FXG and Class Counsel a statement of the total number of claims submitted, the total number of claims adjudicated to be Valid Claims, and the total dollar
amount paid to each Class Member and Sub-Class Member (the “Final Accounting”); 

  

	 	v.	Liquidate any remaining assets of the Class Settlement Fund after all payments to Class Members, Class Counsel, and Plaintiffs have been made and all tax obligations have been satisfied, and distribute such assets as
directed by the Court; and 

  

	 	w.	Petition the Court for termination of the Class Settlement Fund once all of the duties listed above in subsections (a) to (u) have been completed. 

 

	 	3.	Approve reasonable compensation and costs to the Settlement Administrator in accordance with the terms of Exhibit H hereto. 

  

	 	4.	Approve the “§ 1.468B-3 Statement” that FXG will provide to the Settlement Administrator by February 15 of the year following the calendar year in which FXG transfers the Settlement Payment to the
Class Settlement Fund. 

  

	 	5.	Approve the form, contents, and methods of notice to be given to the Class Members and Sub-Class Members as set forth in Section IV of this Agreement, and direct the Settlement Administrator to provide such
notices. 

  
 10 

	 	6.	Establish procedures and deadlines for Class Members and Sub-Class Members to object to the Settlement and to submit Forms to the Settlement Administrator, all consistent with Sections III and VI of this Agreement.

  

	 	7.	Schedule deadlines for the filing of (a) objections to the Settlement, and (b) papers in support of final approval of the Settlement; and 

 

	 	8.	Schedule the Fairness Hearing for a date which is no sooner than 100 days after the Court enters an order preliminary approving the proposed class settlement described in this Settlement Agreement. 

At the Fairness Hearing, the Plaintiffs will request the Court to enter the Final Approval Order, substantially in the form of Exhibit
B hereto, which: (1) grants final approval of the Settlement and this Agreement as fair, reasonable, and adequate to the Class Members and Sub-Class Members; (2) provides for the release of all Released Claims and enjoins any and all
Class Members and Sub-Class Members from asserting, filing, maintaining, or prosecuting any of the Released Claims in the future; (3) orders the dismissal with prejudice of all Released Claims, and incorporates the releases and covenant not to
sue stated in this Agreement, with each of the Parties to bear its, his, or her own costs and attorneys’ fees (except as provided in Section VII below; (4) authorizes the payment the Settlement Administrator to pay Valid Claims, in
accordance with the terms of this Agreement; (5) authorizes the payment of incentive awards to each of the Plaintiffs as detailed in Section VII below; and (6) retains the Court’s jurisdiction over the administration of the
Settlement and enforcement of this Agreement. 
 Plaintiffs, Class Counsel, and FXG will cooperate and take all reasonable actions to
accomplish the above. If the Court fails to enter the Preliminary Approval Order or the Final Approval Order substantially in the form submitted by the Parties, Plaintiffs, Class Counsel, and FXG will use all reasonable efforts that are consistent
with this Agreement to cure any defect identified by the Court. If, despite such efforts, the Court does not enter the Preliminary Approval Order and Final Approval Order, the Parties will return to their prior positions in the Lawsuit in accordance
with Section XI.A of this Agreement. 
 The Settlement Administrator will sign a written acknowledgment and acceptance of its duties in
the form of Exhibit I hereto. FXG shall have a right to petition the Court for a remedy if FXG reasonably believes that the Settlement Administrator is failing to perform its duties. 

 

	III.	PAYMENT TO CLASS SETTLEMENT FUND, AND PROCEDURES FOR PROVIDING PAYMENTS TO CLASS MEMBERS AND SUB-CLASS MEMBERS WITH VALID CLAIMS 

 

	 	A.	Payment to Class Settlement Fund 

 No later than five business days after the Effective
Date, and in accordance with the other terms of this Agreement and its exhibits, FXG shall transfer the “Settlement Payment,” defined as the amount of two hundred and twenty-eight million dollars ($228,000,000) (inclusive of $1,600,000.00
in PAGA penalties, seventy-five percent (75%) of which the Settlement Administrator shall cause to be paid to the State of California ($1,200,000.00); inclusive of a maximum of sixteen million dollars ($16,000,000.00) in payments for unpaid
wages, fifty 

  
 11 

 
percent (50%) of which is allocated to non-taxable prejudgment interest; and inclusive of One million dollars ($1,000,000.00) to be paid to Plaintiffs in satisfaction of their individual
meal and rest break claims plus an additional amount sufficient to pay the employer’s share of employment and payroll taxes due, if any, on any wage amounts paid, to the Class Settlement Fund to resolve the contested claims of Eligible
Class Members and Eligible Sub-Class Members). The Parties intend the Class Settlement Fund to be a “qualified settlement fund” under Internal Revenue Code § 468B and Treasury Regulation § 1.468B-1. Accordingly, FXG
shall retain no rights or reversionary interests in the Settlement Payment once transferred to the Class Settlement Fund. Furthermore, FXG’s obligation to make the Settlement Payment is contingent on (1) the Court’s entry of the
Preliminary Approval Order appointing the Settlement Administrator and approving the Settlement Administrator to establish and maintain the Class Settlement Fund; and (2) the Court’s entry of the Final Approval Order releasing and
dismissing with prejudice all of the Released Claims. Under no circumstances shall FXG be required to pay more under this Settlement than the amount of the Settlement Payment. The Class Settlement Fund is a common fund that includes Class
Counsel’s fees and costs as described more fully in Section VII.A of this Agreement, the incentive award payments to Plaintiffs as described more fully in Section VII.B of this Agreement, and the Administrative Expenses, Costs of
Notice, and Costs of Claims Administration described in Section V of this Agreement. 
  

	 	B.	Payment Calculation for Class Members and Sub-Class Members 

 If an Eligible Class Member
or Sub-Class Member timely submits a Valid Claim (“the Claimant,” for purposes of this Section III), the Claimant shall receive a payment based on a calculation made by Class Counsel (the “Payment Calculation(s)”). Class
Counsel shall make and submit to the Settlement Administrator and FXG their Payment Calculation(s) for each Claimant no later than fifteen (15) business days after entry by the Court of the Final Approval Order. The Payment Calculation(s) shall
take into account the dates and duration of contracting, the hours and days of work, and vehicles used and miles driven by those vehicles, the division of FedEx Ground for which Class members drove, as well as any other factors Class Counsel may, in
their judgment, deem relevant. Class Counsel assumes and accept all responsibility and liability associated with their Payment Calculation(s). 

If any Class Member or Sub-Class Member does not timely submit a Valid Claim, or if an Unnotified Class Member makes an Exclusion Request,
then the amount of the Class Settlement Fund allocable to that Class Member or Sub-Class Member shall be redistributed, on a pro rata basis, to Class Members and Sub-Class Members who have submitted Valid Claims. Although Class Members and
Sub-Class Members who do not timely submit a Valid Claim are not entitled to receive a settlement payment under this Agreement, they shall still be bound by the other provisions of this Agreement, including without limitation the release of claims
in Section I.R. 
  

	 	C.	Procedures for Evaluation, Approval, and Payment of Valid Claims 

 The Settlement
Administrator shall be solely responsible for the following functions in accordance with the terms of this Agreement, the Preliminary Approval Order, and the Final Approval Order: 

 

	 	1.	Mailing, by first-class United States Mail, the Settlement Notice (with the Fairness Hearing date and deadlines established by the Court in the Preliminary Approval Order) and the Forms to all Class Members and
Sub-Class Members that can be identified through a reasonable effort. 

  
 12 

	 	2.	Mailing, by first-class United States Mail, the Class and Settlement Notice (with the Fairness Hearing date and deadlines established by the Court in the Preliminary Approval Order) and the Forms to all Unnotified Class
Members and Sub-Class Members that can be identified through a reasonable effort. 

  

	 	3.	Notifying the appropriate federal and state officials under CAFA. 

  

	 	4.	Receiving, evaluating, and approving or disapproving the Forms submitted by Class Members and Sub-Class Members seeking to receive a payment pursuant to this Settlement. 

 

	 	5.	Receiving and evaluating all Exclusion Requests submitted by Unnotified Class Members and Sub-Class Members. 

  

	 	6.	Providing to FXG and Class Counsel: (i) a list of the names and addresses of all Class Members and Sub-Class Members who have submitted Forms and whose Forms the Settlement Administrator has determined to
constitute Valid Claims; (ii) a separate list of the names and addresses of all Class Members and Sub-Class Members who submitted Forms and whose Forms the Settlement Administrator has determined do not constitute Valid Claims; (iii) a
separate list of the names and addresses of all Class Members and Sub-Class Members who have submitted documents indicating that they wish to object to the Settlement; and (iv) a list of the names and addresses of all Unnotified Class Members
who have submitted Exclusion Requests along with copies of the Exclusion Requests. 

  

	 	7.	Mailing, by first-class United States Mail, a notice of deficiency to each Class Member and Sub-Class Member that timely submitted Forms and whose Forms the Settlement Administrator has determined to be deficient in
some respect. 

  

	 	8.	Processing objections to the Settlement; 

  

	 	9.	Mailing, by first-class United States Mail, settlement payments to Class Members and Sub-Class Members with Valid Claims in accordance with the Payment Calculation for each such Class Member and Sub-Class Member
provided to the Settlement Administrator by Class Counsel. 

  

	 	10.	Mailing, by first-class United States Mail, payment(s) for attorney’s fees and costs to Class Counsel. 

  

	 	11.	Mailing, by first-class United States Mail, incentive awards to Plaintiffs. 

  

	 	12.	Establishing and maintaining the Class Settlement Fund as a “qualified settlement fund” under Internal Revenue Code § 468B and Treasury Regulation § 1.468B-1, for the purpose of resolving the
contested claims of Eligible Class Members and Eligible Sub-Class Members. 

  
 13 

	 	13.	Maintaining the assets of the Class Settlement Fund in a non-interest bearing escrow account segregated from the assets of FXG and any person related to FXG. 

 

	 	14.	Obtaining an employer identification number (EIN) for the Class Settlement Fund. 

  

	 	15.	Preparing and filing federal income tax returns for the Class Settlement Fund, as well as any other tax filings the Class Settlement Fund must make under federal, state, or local law. 

 

	 	16.	Cooperating with FXG to jointly file a relation-back election, if necessary. 

  

	 	17.	Paying and depositing the federal taxes owed by the Class Settlement Fund under Treasury Regulation § 1.468B-2, as well as any state or local taxes owed by the Class Settlement Fund. 

 

	 	18.	Preparing, filing, and issuing all necessary tax reporting forms for the Class Settlement Fund, including IRS Forms 1099 and W-2 regarding the distribution of payments to Class Members, Class Counsel, and Plaintiffs.

  

	 	19.	Providing FXG with copies of all tax reporting and filings made for the Class Settlement Fund, including copies of the checks and IRS Forms 1099 issued to Class Members, Class Counsel, and Plaintiffs, and any other
documentation to show that the tax reporting and filings were timely transmitted to the claimants and the applicable taxing authorities. 

  

	 	20.	Paying any additional tax liabilities (including penalties and interest) that arise from the establishment and administration of the Class Settlement Fund. Any such tax payment shall be made solely from the assets of
the Class Settlement Fund without any recourse against FXG for additional monies. 

  

	 	21.	Providing the Final Accounting to FXG and Class Counsel. 

  

	 	22.	Liquidating any remaining assets of the Class Settlement Fund after all payments to Class Members, Class Counsel, and Plaintiffs have been made and all tax obligations have been satisfied, and distributing such assets
as directed by the Court. 

  

	 	23.	Petitioning the Court for termination of the Class Settlement Fund once all of the duties listed above in subsections (1) to (22) have been completed. 

  
 14 

	 	D.	Payment to Class Members and Sub-Class Members 

 Upon occurrence of the Effective Date,
the Settlement Administrator shall, as soon as thereafter reasonably practicable, but within no more than 10 additional business days: mail, by first-class United States Mail, to Claimants (as defined in Section III.A) checks in the amounts
determined by Class Counsel pursuant to Section III.A and drawn on the account of the Class Settlement Fund. To the extent checks are not cashed within one hundred and eighty (180) days, these funds shall be deposited with a Cy Pres
recipient mutually agreed to by the parties. 
  

	 	E.	Settlement Administrator’s Acceptance of Duties and Compensation 

 The Settlement
Administrator will sign a written acknowledgment and acceptance of its duties in the form of Exhibit I hereto. The Settlement Administrator with receive reasonable compensation and costs in accordance with the terms of Exhibit H
hereto. If FXG reasonably believes that the Settlement Administrator is failing to perform its duties, FXG shall have the right to petition the Court for a remedy. 
  

	IV.	SETTLEMENT NOTICE 

 The parties agree that the Settlement Notice, Class and Settlement
Notice, and Forms provide information sufficient to inform the Class Members and Sub-Class Members of the material terms of this Settlement, the appropriate means for obtaining additional information regarding this Agreement and the Lawsuit, and the
appropriate means for and information about submitting a claim for payment pursuant to the Settlement. The parties also agree that the Class and Settlement Notice provides information sufficient to inform the Unnotified Class Members and Sub-Class
Members of the nature of the subject matter of the Lawsuit, appropriate means for obtaining additional information regarding the Lawsuit, and meets all of the requirements of Rule 23(c) of the Federal Rules of Civil Procedure. To facilitate the
efficient administration of this Settlement, and to facilitate payment of Valid Claims under the Settlement, the Settlement Administrator will be directed to provide all Notified Class Members and Sub-Class Members with copies of the Settlement
Notice and Forms, and to provide all Unnotified Class Members and Sub-Class Members with copies of the Class and Settlement Notice and Forms, as well as contact information for Class Counsel in the event they have questions. Plaintiffs will request
the Court to approve the Settlement Notice, Class and Settlement Notice, and Forms in the Preliminary Approval Order. 
 As soon as
practicable, but no later than 15 days after the Court’s entry of the Preliminary Approval Order, the Settlement Administrator shall send or cause to be sent, by first-class United States Mail, a copy of the Settlement Notice and Forms to every
Notified Class Member and Sub-Class Member who can be identified through reasonable effort, and a copy of the Class and Settlement Notice and Forms to every Unnotified Class Member and Sub-Class Member who can be identified through reasonable
effort. Before the mailing of such Settlement Notices, Class and Settlement Notices, and Forms, the Settlement Administrator will obtain or cause to be obtained address updates utilizing a national change of address database. 

The parties agree that the dissemination of the Settlement Notice, Class and Settlement Notice, and Forms by mail in the manner specified in
this Section IV satisfies the notice 

  
 15 

 
requirements of due process and Rule 23 of the Federal Rules of Civil Procedure. Plaintiffs will request the Court to approve, in the Preliminary Approval Order, the direct mailing of the
Settlement Notice, Class and Settlement Notice, and Forms as set forth in this Section IV. 
  

	V.	COSTS OF NOTICE AND CLAIMS ADMINISTRATION 

 All costs (i) of preparing and
disseminating the Settlement Notices, Class and Settlement Notices, and Forms provided for in Section IV above, and (ii) all other Administration Expenses, including payments made for the services of the Settlement Administrator shall be
payable from the Class Settlement Fund. Unless otherwise specifically agreed in writing, FXG shall not be responsible for any cost that may be incurred by, on behalf of, or at the direction of Plaintiffs or Class Counsel in (a) responding to
inquiries about the Agreement, the Settlement, or the Lawsuit, (b) defending the Agreement or the Settlement against any challenge to them, (c) defending against any challenge to any order or judgment entered pursuant to the Agreement, or
(d) for any other reason except to the extent provided by law. 
  

	VI.	PROCEDURES FOR SETTLEMENT APPROVAL 

  

	 	A.	Preliminary Approval 

 Plaintiffs shall, within 14 days of the execution of this
Agreement by all Parties, move the Court to enter the Preliminary Approval Order. The proposed deadlines to be established in the Preliminary Approval Order are as follows: 

1. 15 days after entry of the Preliminary Approval Order: Date on or before which Settlement Notices, Class and
Settlement Notices, and Forms will be mailed to Class Members and Sub-Class Members and the Summary Notice will be published. 

2. 14 days before the Fairness Hearing: Date on or before which Exclusion Requests by Unnotified Class Members and
Sub-Class Members must be either postmarked by the United States Postal Service or actually received by the Settlement Administrator. 

3. 14 days before the Fairness Hearing: Date on or before which objections to the Settlement, the Agreement, or the
amount of fees and expenses that Class Counsel has requested, together with all supporting memoranda and other material, must be filed with the Court and served on Class Counsel and FXG. 

4. 14 days before the Fairness Hearing: Date on or before which any person or attorney seeking to appear at the Fairness
Hearing, for the purpose of objecting to the Settlement, the Agreement, or the amount of fees and expenses that Class Counsel has requested, must file with the Court and serve on Class Counsel and FXG an entry of appearance in the Lawsuit and notice
of intention to appear at the Fairness Hearing. 
 5. 60 days after mailing of the Settlement Notice and Claim Forms:
Final Claims Date on or before which, to meet the timing requirement for a claim to qualify as a Valid Claim, all Forms must be postmarked by the United States Postal Service after being placed in the United States Mail with first-class postage,
addressed to the Settlement Administrator. 
 6. The parties will coordinate with the Court to set a date for the Fairness
Hearing that is no sooner than 100 days after this Agreement is filed with the Court. 

  
 16 

	 	B.	Final Approval 

 At the Fairness Hearing, Plaintiffs shall request the Court to enter the
Final Approval Order, substantially in the form of Exhibit B, which: (1) grants final approval to the Settlement and this Agreement as fair, reasonable, and adequate to the Certified Class and the Certified Sub-Class;
(2) provides for the release of all Released Claims and enjoins Class Members and Sub-Class Members from asserting, filing, maintaining, or prosecuting any of the Released Claims in the future; (3) orders the dismissal with prejudice of
all Released Claims, and incorporates the releases and covenant not to sue stated in this Agreement, with each of the parties to bear its or their own costs and attorneys’ fees, except as provided in Section VII below with respect to Class
Counsel’s attorneys’ fees and costs; (4) authorizes the Settlement Administrator to pay Valid Claims in accordance with the terms of the Agreement; (5) authorizes the payment of Class Counsel’s attorneys’ fees and costs
as detailed in Section VII below; (6) authorizes the payment of incentive awards to each of the Plaintiffs as detailed in Section VII below; and (7) preserves the Court’s continuing jurisdiction over the administration of
the Settlement and enforcement of the Agreement. 
  

	VII.	CLASS COUNSEL’S ATTORNEYS’ FEES AND COSTS, AND INCENTIVE AWARD TO PLAINTIFFS 

A. FXG shall not oppose Class Counsel’s request for attorneys’ fees and costs covering all legal services provided by Class Counsel
in the past and future to the members of the Certified Class and the Certified Sub-Class in connection with the Lawsuit (whether before the MDL Court or this Court), the settlement of the Lawsuit, any appeal in connection with the Settlement,
implementation of the Settlement, or otherwise (the “Fee and Expense Application”) in an amount not to exceed twenty-five percent (25%) of the common Class Settlement Fund. The Fee and Expense Application shall be subject to Court
approval, and the Court will determine what amount of fees and costs shall be awarded and issue an Order stating the amount of fees and costs to be awarded. 

B. FXG shall not oppose Class Counsel’s request for an incentive award to each of the seventeen Plaintiffs for up to ten thousand dollars
($10,000.00) above what each is otherwise eligible to receive under Section III of this Agreement. The incentive awards shall be paid from the common Class Settlement Fund. 

C. The agreed amounts set forth above in this Section will be subject to Court approval, which approval shall be stated in the Final Approval
Order of the Court. Upon the Effective Date, the Settlement Administrator shall, as soon as practicable, but within no more than ten (10) additional business days, pay to Class Counsel and Plaintiffs those amounts specified above from the Class
Settlement Fund, as approved by the Court. Class Counsel shall provide to the Settlement Administrator in a timely manner all information needed with respect 

  
 17 

 
to the issuance of the checks for those amounts, including their and Plaintiffs’ tax identification/Social Security numbers on Form W-9. The
Settlement Administrator shall have no obligation to make payments under this Section until such information is received. 
 If any notice
of an appeal from the Final Approval Order, the judgment thereon, or any Order in the Lawsuit is filed by any party, objector, Class Member, Sub-Class Member, or other person, the Settlement shall not be or become final or effective, and the
Settlement Administrator shall not be obliged to make any payment to Class Counsel or to Plaintiffs, until 10 business days after the Effective Date. 

D. Upon transferring the Settlement Payment to the Class Settlement Fund, FXG will have no responsibility or liability for any amount of
attorneys’ fees or costs for work performed or expenses incurred in connection with the Lawsuit to any of the Plaintiffs’ counsel or any other counsel for Plaintiffs or any Class Member or Sub-Class Member, including any prior firm of the
Plaintiffs’ counsel or those involved in the MDL proceedings. In the event any claim for attorneys’ fees or costs in connection with the Lawsuit is made by any counsel other than Class Counsel, the parties agree that FXG has no obligation
of any kind to satisfy any such claim. Class Counsel agree to indemnify FXG against any claims for fees or costs made by other counsel for work performed in connection with the Lawsuit. Class Counsel represent that there are no liens related to any
fees associated with the claims of the Class Members and Sub-Class Members as of the execution date of this Agreement. FXG shall have no responsibility or liability for any amount of attorneys’ fees or costs attributable to the Lawsuit,
including any incurred in connection with the Lawsuit during the MDL proceedings. Any attorneys’ fees or costs dispute between Class Counsel and any other attorney(s) will not interfere with the Settlement, the provisions of this Settlement
Agreement, the dismissal of the Lawsuit, or the releases obtained pursuant to the Settlement Agreement. 
  

	VIII.	RELEASE 

 By executing this Agreement, the Plaintiffs, on behalf of themselves and the
Class Members and Sub-Class Members (including their affiliated business entities, if any), acknowledge that, upon entry of the Final Approval Order by the Court, the Lawsuit shall be dismissed with prejudice, an order of dismissal with prejudice
shall be entered, and all Released Claims (as defined in Section I.R above) shall thereby be conclusively settled, compromised, satisfied, and released as to the Releasees. 

In connection with such release of claims, Plaintiffs, the Class Members, and the Sub-Class Members hereby acknowledge that they are aware
that they or their attorneys may hereafter discover claims or facts in addition to or different from those which they now know or believe to exist with respect to the Released Claims, but that it is their intention to hereby fully, finally, and
forever settle and release all of the Released Claims, known or unknown, suspected or unsuspected, that they may have against Releasees. In furtherance of such intention, the release herein given to the Releasees by the Plaintiffs, Class Members,
and Sub-Class Members shall be and remain in effect as a full and complete general release of all Released Claims. 
 Notwithstanding the
above, the Court shall retain jurisdiction over the parties, the Class Members, the Sub-Class Members, and the Settlement with respect to the future performance of the terms of this Settlement Agreement, and to assure that all payments and other
actions required by the Settlement are properly carried out. 

  
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	IX.	COVENANT NOT TO SUE 

 Plaintiffs, on behalf of themselves, the Class Members and
Sub-Class Members, and their affiliated business entities (if any), (a) covenant and agree that neither Plaintiffs nor any of the Class Members or Sub-Class Members, nor any of Plaintiffs’, Class Members’, or Sub-Class Members’
affiliated business entities (if any), nor anyone authorized to act on behalf of any of them, will commence, authorize, or accept any benefit from any judicial or administrative action or proceeding, other than as expressly provided for in this
Settlement, against Releasees, or any of them, in either their personal or corporate capacity, with respect to any claim, matter, or issue that in any way arises from, is based on, or relates to any alleged loss, harm, or damages allegedly caused by
Releasees, or any of them, in connection with the Released Claims; (b) waive and disclaim any right to any form of recovery, compensation, or other remedy in any such action or proceeding brought by or on behalf of any of them; and
(c) agree that this Settlement shall be a complete bar to any such action. 
  

	X.	REPRESENTATIONS AND WARRANTIES 

 Each of the parties represents and warrants to, and
agrees with, each of the other parties as follows: 
 A. Each of the parties has had the opportunity to receive, and has received,
independent legal advice from her, his, or its attorneys regarding the advisability of making the Settlement, the advisability of executing this Agreement, and the legal and income-tax consequences of this Settlement, and fully understands and
accepts the terms of this Settlement. 
 B. Plaintiffs represent and warrant that no portion of any claim, right, demand, action, or cause
of action against any of the Releasees that Plaintiffs are releasing in this Agreement, and no portion of any payment to which Plaintiffs may be entitled, has been assigned, transferred, or conveyed by or for Plaintiffs in any manner; and no person
other than the Plaintiffs, the Class Members, and the Sub-Class Members have any legal or equitable interest in the claims, demands, actions, or causes of action to be released in this Agreement. 

C. Any other person or entity (including, but not limited to, insurers, lien holders, business partners, related or associated business
entities, or other creditors) that has any judgments, liens, subrogation interests, or related claims which arise out of the Released Claims or the damages alleged by the Plaintiffs, the Certified Class, and the Certified Sub-Class as a result of
the Released Claims must be satisfied from the payments to Claimants as detailed in Section III. Plaintiffs, Class Members, and Sub-Class Members agree that they are liable for, and will release, hold harmless, defend, and indemnify the
Releasees from and against any and all Released Claims, known or unknown, that may be brought by any person, firm, corporation, or other entity, including any lien holders, against the Releasees for any such judgments, liens, interests or claims
that exist arising out of the Released Claims. 
 D. None of the Parties relies or has relied on any statement, representation, omission,
inducement, or promise of any other party (or any officer, agent, employee, representative, or attorney for any other party) in executing this Agreement, or in making the Settlement provided for herein, except as expressly stated in this Agreement.

  
 19 

 E. Each of the Parties has investigated the facts pertaining to the Settlement and this
Agreement, and all matters pertaining thereto, to the full extent deemed necessary by that party and his or its attorneys. 
 F. Each of the
Parties has carefully read, and knows and understands, the full contents of this Agreement and is voluntarily entering into this Agreement after having had the opportunity to consult with, and having in fact consulted with, his or its attorneys.

 G. Section titles or captions contained herein are inserted as a matter of convenience and for reference, and in no way define, limit,
extend or describe the scope of this Settlement or any provision hereof. 
 H. Each of the Parties has participated in the drafting of all
provisions of this Agreement, has had an adequate opportunity to read, review, and consider the effect of the language of this Agreement, and has agreed to its terms. 

I. It is understood and agreed that this Agreement is for the compromise of disputed claims and is not to be construed as or deemed to be an
admission of any liability, fault, or responsibility on the part of FXG or any other Releasee. 
 J. It is understood and agreed that the
terms and conditions of this Agreement are the result of lengthy, intensive, arm’s-length negotiations between the Parties and that this Agreement shall not be construed in favor of or against any party by reason of the extent to which any
party or her, his, or its counsel participated in the drafting of this Agreement. 
 K. This Agreement constitutes and comprises the entire
agreement among the Parties with respect to the subject matter hereof. It supersedes all prior and contemporaneous oral and written agreements and discussions. It may be amended only by an agreement in writing, signed by all Parties hereto. 

L. The Parties agree that any dispute regarding the interpretation or enforcement of the terms of this Settlement or in connection with this
Agreement shall be resolved by the Court. 
  

	XI.	MISCELLANEOUS 

  

	 	A.	Conditional Nature of Agreement 

 At the Plaintiffs’ option, expressed in written notice to
FXG’s counsel, this Agreement shall become null and void, and no obligation on the part of any of the Parties will accrue, if the Court materially alters any of the terms of this Agreement to the detriment of Plaintiffs, the Certified Class, or
the Certified Sub-Class, or fails to enter the Preliminary Approval Order or the Final Approval Order in substantially the form submitted by the Parties, except that a court ruling regarding Class Counsel’s attorneys’ fees and costs shall
not be a basis for withdrawal. At FXG’s option, expressed in written notice to Class Counsel, this Agreement shall become null and void, and no obligation on the part of any of the Parties will accrue, if the Court materially

  
 20 

 
alters any of the terms of this Agreement to the detriment of FXG, or fails to enter the Preliminary Approval Order or the Final Approval Order in substantially the form submitted by the Parties.
Any appeal by Class Counsel of the attorneys’ fees and costs awarded by the Court in connection with this Settlement shall not be a basis for any party to have this Agreement become null and void. If this Agreement becomes null and void, the
Parties shall move forward with the Lawsuit as though no settlement had been reached, all of the Parties to the Lawsuit being placed in the same position they were before this Settlement was proposed, negotiated and agreed upon. 

 

	 	B.	Severability 

 None of the terms of this Agreement is severable from the others. However, if the
Court should rule that any term is void, illegal, or unenforceable for any reason, FXG, in its sole discretion, and Plaintiffs, in their sole discretion (but acting in accord with their duties and obligations to the Certified Class and the Certified
Sub-Class), may elect to waive any such deficiency and proceed with the Settlement under the terms and conditions ultimately approved by the Court. 
  

	 	C.	Effectiveness, Amendments, and Binding Nature 

 This Agreement may be amended only by written
agreement signed by the Parties. Except as otherwise stated above, each of the Parties, including Plaintiffs on behalf of themselves, the Certified Class, and the Certified Sub-Class, expressly accepts and assumes the risk that, if facts or laws
pertinent to matters covered by this Agreement are hereafter found to be other than as now believed or assumed by that party to be true or applicable, this Agreement shall nevertheless remain effective. 

This Agreement is binding on, and shall inure to the benefit of, the Parties, the Class Members, and the Sub-Class Members, and their
respective agents, employees, representatives, officers, directors, parents, subsidiaries, assigns, executors, administrators, insurers, and successors in interest. All Releasees other than FXG, which is a party, are intended to be third-party
beneficiaries of this Agreement. 
  

	 	D.	Cooperation in Implementation 

 FXG, Plaintiffs, and their respective counsel (including Class
Counsel) agree to prepare and execute any additional documents that may reasonably be necessary to effectuate the terms of this Agreement. 
  

	 	E.	Governing Law 

 This Agreement shall be construed and governed in accordance with the procedural
and substantive laws of the State of California without regard to any principles of choice of law, except that all matters of federal tax law and the Class Settlement Fund’s compliance with Internal Revenue Code § 468B and the Treasury
Regulations thereunder shall be governed by federal income tax law. 

  
 21 

	 	F.	No Admission of Liability 

 The Parties are entering into this Settlement for the purpose of
compromising and settling disputed claims. Nothing in this Agreement or in the documents relating to the Settlement shall be construed, deemed, or offered as an admission by any of the parties, or by any member of the Certified Class or the
Certified Sub-Class, for any purpose in any judicial or administrative action or proceeding, whether in law or in equity, and regardless of whether this Agreement ultimately becomes effective. 

 

	 	G.	Income Tax Obligations 

 No representation has been made to the Plaintiffs, Class Members or
Sub-Class Members, or their attorneys by FXG regarding the taxability of any portion of the payments under this Agreement. Plaintiffs, Class Members, Sub-Class Members, and Class Counsel are solely responsible for their own tax filing and payment
obligations arising from this Agreement, except that the Settlement Administrator will provide Plaintiffs, Class Members, Sub-Class Members, and Class Counsel with copies of IRS Forms 1099 and/or W-2 as applicable for any payments the Class
Settlement Fund makes to them under this Agreement. 
  

	 	H.	Signatures 

 This Agreement may be executed in counterparts, and, when so executed, shall
constitute a binding original. A signature, or copy of a signature, transmitted electronically, including by facsimile or email, shall serve as an original for all purposes. 
  

									
	Plaintiffs:	 		 	Defendant:
			
	 /s/ Dean Alexander
	 		 	FedEx Ground Package System, Inc.
	Dean Alexander	 		 	
				
	Date:	 	 7-3-15
	 		 	  

		 		 		 	By:	 	 /s/ Ward B. Strang

					
		 		 		 	Its:	 	  

	 /s/ Peter Allen
	 		 		 	
	Peter Allen	 		 	Date:	 	 07/04/15

					
	Date:	 	 7-5-2015
	 		 		 	
				
	 /s/ Albert Anaya
	 		 		 	
	Albert Anaya	 		 		 	

  
 22 

									
	Date:	 	 6-7-15
	 		 		 	
				
	 /s/ Suzanne Andrade
	 		 		 	
	Suzanne Andrade	 		 		 	
					
	Date:	 	 July 7, 2015
	 		 		 	
				
	 /s/ Jerrett Henderson
	 		 		 	
	Jerrett Henderson	 		 		 	
					
	Date:	 	 7-4-2015
	 		 		 	
				
	 /s/ Ely Ines
	 		 		 	
	Ely Ines	 		 		 	
					
	Date:	 	 07-08-2015
	 		 		 	
				
	 /s/ Paul Infantino
	 		 		 	
	Paul Infantino	 		 		 	
					
	Date:	 	 7/3/15
	 		 		 	
				
	 /s/ Jorge Isla
	 		 		 	
	Jorge Isla	 		 		 	
					
	Date:	 	 July 3, 2015
	 		 		 	
				
	 /s/ Eric Jeppson
	 		 		 	
	Eric Jeppson	 		 		 	
					
	Date:	 	 07/06/15
	 		 		 	

  
 23 

									
	 /s/ Gupertino Magana
	 		 		 	
	Gupertino Magana	 		 		 	
					
	Date:	 	 7-6-2015
	 		 		 	
				
	 /s/ Bernard Mendoza
	 		 		 	
	Bernard Mendoza	 		 		 	
					
	Date:	 	 7/5/2015
	 		 		 	
				
	 /s/ Jesse Padilla
	 		 		 	
	Jesse Padilla	 		 		 	
					
	Date:	 	 7-9-15
	 		 		 	
				
	 /s/ Joey Rodriguez
	 		 		 	
	Joey Rodriguez	 		 		 	
					
	Date:	 	 7-3-15
	 		 		 	
				
	 /s/ Dale Rose
	 		 		 	
	Dale Rose	 		 		 	
					
	Date:	 	 7/4/15
	 		 		 	
				
	 /s/ Allan Ross
	 		 		 	
	Allan Ross	 		 		 	
					
	Date:	 	 07/08/2015
	 		 		 	
				
	 /s/ Agostino Scalercio
	 		 		 	
	Agostino Scalercio	 		 		 	
					
	Date:	 	 7/7/15
	 		 		 	

  
 24 

									
	 /s/ Anthony Ybarra
	 		 		 	
	and Anthony Ybarra	 		 		 	
					
	Date:	 	 7/3/15
	 		 		 	
				
	APPROVED AND ACKNOWLEDGED:	 		 		 	APPROVED AND ACKNOWLEDGED:
				
	 /s/ Beth Ross
	 		 		 	 /s/ Carolyn Cubato

				
	Class Counsel	 		 		 	Counsel for FedEx Ground Package System, Inc.

  
 25

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