Document:

EX-10.11

 Exhibit 10.11 

INFORMATION IN THIS EXHIBIT IDENTIFIED BY BRACKETS IS CONFIDENTIAL AND HAS BEEN EXCLUDED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO FEDEX IF PUBLICLY DISCLOSED. 
  

					
	

	  		  	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

	 	  	 	  	 

 FED-PA-3712-MISC-1902431R1 

Federal Express Corporation 
 3610 Hacks Cross 

Memphis, TN 38125 

	Attention:	 Mr. Guy See 

Managing Director – Aircraft Acquisitions & Sales 

 

	Subject:	 Special Considerations related to [*] 

 

	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 3715 between The Boeing Company (Boeing) and Federal Express Corporation
(Customer) dated November 7, 2006 relating to Model 777- Freighter Aircraft (777 Purchase Agreement) 

This letter (Letter Agreement) cancels and supersedes Letter Agreement
FED-PA-3712-MISC-1902431. All terms used but not defined in this Letter Agreement shall have the same meaning as in the referenced 767 Purchase Agreement. 

 

	1.	 Background. 

  

	 	1.1	 [*] 

  

	 	1.2	 [*] 

  

	 	1.2.1	 [*] 

  

	2.	 Agreement. 

  

	 	[*]	 

  

	 	2.1	 [*] 

[*] 

2.1.1 [*] 

2.1.2 Customer will take delivery of the [*] 767 Aircraft and the [*] 767 Aircraft, and ferry the aircraft from Everett,
Washington on the dates tendered in accordance with the 767 Purchase Agreement. 
 2.1.3 [*] 

  

			
	 FED-PA-3712-MISC-1902431R1
 Special
Considerations related to [*]
	  	Page 1
	 BOEING PROPRIETARY

 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

 2.1.4 [*] 

2.1.5 [*] 

2.1.6 [*] 

2.1.7 [*] 

2.1.8 [*] 
  

	 	2.2	 [*] 

[*] 
  

	 	2.2.1	 [*] 

  

	 	2.2.1.1	 [*] 

  

	 	2.2.1.2	 [*] 

  

	 	2.2.1.3	 [*] 

  

	 	2.2.1.4	 [*] 

  

	 	2.2.2	 [*] 

  

	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 reference
(a) and (b) purchase agreements and who understand they are not to disclose its contents to any other person or entity without the prior written consent of Boeing. 

  

			
	 FED-PA-3712-MISC-1902431R1
 Special
Considerations related to [*]
	  	Page 2
	 BOEING PROPRIETARY

 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	/s/ Steve Otto
		
	Its	 	Attorney-In-Fact

 ACCEPTED AND AGREED TO this 

Date: December 19, 2019 
 FEDERAL EXPRESS CORPORATION 

 

			
	By	 	/s/ Kevin A. Burkhart
		
	Its	 	Vice President

  

			
	 FED-PA-3712-MISC-1902431R1
 Special
Considerations related to [*]
	  	Page 3
	 BOEING PROPRIETARY

 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed.EX-10.12

 Exhibit 10.12 

INFORMATION IN THIS EXHIBIT IDENTIFIED BY BRACKETS IS CONFIDENTIAL AND HAS BEEN EXCLUDED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K BECAUSE IT (I)
IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO FEDEX IF PUBLICLY DISCLOSED. 
  

			
	 

	  	 The Boeing Company

P.O. Box 3707
 Seattle, WA
98124-2207

 FED-PA-3712-LA-2000391 
 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38118 

 

	Attention:	 Mr. Guy See 

Managing Director – Aircraft Acquisitions & Sales 
  

	Subject:	 [*] 

  

			
	Reference: (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) Letter Agreement FED-PA-03712-LA-1106156R3; Option Aircraft, between
Boeing and Customer dated June 24, 2019 (Option Aircraft Letter Agreement)

 This letter agreement (Letter Agreement) amends and supplements the 767 Purchase Agreement. All terms
used but not defined in this Letter Agreement shall have the same meaning as in the referenced 767 Purchase Agreement. 
  

	1.	 Background. 

  

	 	1.1	 [*]. 

  

	 	1.2	 [*]. 

  

	2.	 Agreement. 

[*]. 
  

	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. 
  

			
	 FED-PA-3712-LA-2000391
 [*]
	  	 Page 
 1

	 BOEING PROPRIETARY

  

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By	 	/s/ McKenzie Kuckhahn
		
	Its	 	Attorney-In-Fact

 ACCEPTED AND AGREED TO this 

Date: January 30, 2020 
 FEDERAL EXPRESS CORPORATION 

			
		
	By	 	/s/ Kevin A. Burkhart
		
	Its	 	Vice President

  

			
	 FED-PA-3712-LA-2000391
 [*]
	  	Page 2
	 BOEING PROPRIETARY

 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed.EX-10.13

 Exhibit 10.13 

INFORMATION IN THIS EXHIBIT IDENTIFIED BY BRACKETS IS CONFIDENTIAL AND HAS BEEN EXCLUDED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO FEDEX IF PUBLICLY DISCLOSED. 

FedEx Contract # 
 Supplemental
Agreement No. 14 
 to 

Purchase Agreement No. 3712 

between 
 The Boeing Company 

And 
 Federal Express Corporation

 Relating to Boeing Model 767-3S2F Aircraft 

THIS SUPPLEMENTAL AGREEMENT No. 14 (SA-14), entered into as of February 28,
2020 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 (Aircraft); and 

B.        WHEREAS, in consideration of Customer accelerating two (2) incremental 777-FREIGHTER aircraft as described in Supplemental Agreement No. 32 to purchase agreement no. 3157, Customer desires to reschedule the delivery date one (1) firm Block C Aircraft (SA-14 Rescheduled Block C Aircraft) and one (1) firm Block F Aircraft (SA-14 Rescheduled Block F Aircraft), (collectively,
SA-14 Rescheduled Aircraft), as shown in the table below: 
  

															
	 Aircraft

Block    
	  	MSN	 	  	Table	  	Existing
Delivery Month
of Aircraft	 	 	Revised
Delivery Month
of Aircraft	 
	 C
	  	 	66868	 	  	Table 1-B	  	 	[	*] 	 	 	[	*] 
	 F
	  	 	63134	 	  	Table 1-A2	  	 	[	*] 	 	 	[	*] 

 C.        WHEREAS, Customer and Boeing desire to add delivery
flexibility for the SA-14 Rescheduled Aircraft. 

D.        WHEREAS, Customer and Boeing desire to acknowledge that one (1) Block G Aircraft having
a scheduled delivery month of [*] ([*] Block G Aircraft), became a firm Block G 

  
 BOEING PROPRIETARY

 SA14–1 
  

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 Supplemental Agreement No.14 to 

Purchase Agreement No. 3712 
  

Aircraft on [*], in accordance with the terms of Letter Agreement 6-1162-SCR-146R2, Special Provision – Block B and Block G Aircraft, due to the expiration of the special provision therein as it relates to the [*] Block G Aircraft. 

E.        WHEREAS, Customer desires to [*]. 

F.        WHEREAS, Boeing and Customer desire to document in this
SA-14 that the parties previously agreed to [*] pursuant to Letter Agreement
FED-PA-3712-LA-2000391, [*], dated January 30, 2020. 

G.        WHEREAS, Customer desires to [*]. 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree to supplement the Purchase Agreement as
follows: 
 All terms used herein and in the Purchase Agreement, and not defined herein, shall have the same meaning as in the Purchase
Agreement. 
 1.        Remove and replace, in its entirety, the Table of Contents with the revised
Table of Contents attached hereto, to reflect the changes made by this Supplemental Agreement No. 14. 

2.        Revise and replace in its entirety, Table 1-A2 with
a revised Table 1-A2, attached hereto, to reflect (i) the revised delivery date month, [*], [*], and [*] resulting from the reschedule of the SA-14 Rescheduled
Block F Aircraft, as described in Recital Paragraph B above; and (ii) one (1) [*] Block G Aircraft that is now a firm Block G Aircraft, as described in Recital Paragraph D above. 

3.        Revise and replace in its entirety, Table 1-B with a
revised Table 1-B, attached hereto, revised to reflect the revised delivery date month, [*], [*], and [*] resulting from the reschedule of the SA-14 Rescheduled Block C
Aircraft, as described in Recital Paragraph B above. 
 4.        Revise and replace in its entirety
Letter Agreement FED-PA-03712-LA-1106156R3, Option Aircraft, with Letter Agreement
FED-PA-03712-LA-1106156R4, Option Aircraft, attached hereto, to reflect [*]. 

5.        Revise and replace in its entirety Attachment 1 to Letter Agreement FED-PA-03712-LA-1106156R3, Option Aircraft, with Attachment 1 to Letter Agreement FED-PA-03712-LA-1106156R4, Option Aircraft, attached hereto, to revise references to the
revised letter agreement number. 

  
 BOEING PROPRIETARY

 SA14–2 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 Supplemental Agreement No.14 to 

Purchase Agreement No. 3712 
  

6.        Revise and replace in its entirety Attachment 2 to Letter Agreement FED-PA-03712-LA-1106156R3, Option Aircraft, attached hereto, with Attachment 2 to Letter
Agreement FED-PA-03712-LA-1106156R4, Option Aircraft, attached hereto, to revise
references to the revised letter agreement number. 
 7.        Revise and replace in its entirety
Attachment 3 to Letter Agreement FED-PA-03712-LA-1106156R3, Option Aircraft, with
Attachment 3 to Letter Agreement FED-PA-03712-LA-1106156R4, Option Aircraft,
attached hereto, to reflect (i) the revised letter agreement number; (ii) [*]; (iii) [*]; and (iv) the revised delivery date months for the SA-14 Rescheduled Aircraft described in Recital Paragraph B
above. 
 8.        Revise and replace in its entirety Attachment 4 to Letter Agreement FED-PA-03712-LA-1106156R3, Option Aircraft, Attachment 4 to Letter Agreement FED-PA-03712-LA-1106156R4, Option Aircraft, attached hereto, to reflect (i) the
revised delivery date months for the SA-14 Rescheduled Aircraft described in Recital Paragraph B above; and (ii) to remove Customer Fiscal Years 2014 through 2018 to align with Attachment 3 to Letter
Agreement FED-PA-03712-LA-1106156R4, Option Aircraft. 

9.        Add new letter agreement FED-PA-03712-LA-2000793, SA-14 Rescheduled Aircraft Delivery Matters, to the Purchase Agreement, which grants
Boeing additional delivery flexibility for the SA-14 Rescheduled Aircraft. 

10.        This Supplemental Agreement No. 14 to the Purchase Agreement shall not be effective
until (i) executed and delivered by the parties on or prior to February 28, 2020; and (ii) Customer and Boeing execute and deliver Supplemental Agreement No. 32 to Purchase Agreement No. 3157 on or prior to February 28,
2020. 
 11.        References in the Purchase Agreement and any supplemental agreements and
associated letter agreements to the tables, exhibits, supplemental exhibits and letter agreements listed in the left column of the below table shall be deemed to refer to the corresponding tables, exhibits, supplemental exhibits and letter
agreements listed in the right column of the below table. 
  

					
	 Reference
	  	Replacement Reference	 
	
FED-PA-03712-LA-1106156R3
	  	 	FED-PA-03712-LA-1106156R4	 

  
 BOEING PROPRIETARY

 SA14–3 
  

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 Supplemental Agreement No.14 to 

Purchase Agreement No. 3712 
  

EXECUTED as of the day and year first above written. 
  

									
	FEDERAL EXPRESS CORPORATION	 		 		 	THE BOEING COMPANY
					
	By:	 	 /s/ Kevin A. Burkhart
	 		 	By:	 	 /s/ Steve Otto

					
	Name:	 	 Kevin A. Burkhart
	 		 	Name:	 	 Steve Otto

					
	Title:	 	 Vice President
	 		 	Title:	 	
Attorney-In-Fact

  
 BOEING PROPRIETARY

 SA14–4 

 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
	  	10
				
		 	1-A1	  	 Block B and Block C Aircraft Information Table
	  	13
				
		 	1-A2	  	 Block E, Block F and Block G Aircraft Information Table
	  	14
				
		 	1-B	  	 Exercised Option Aircraft Information Table
	  	14
				
		 	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-14
		 	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-1106156R4 	  	 LA-Option Aircraft
	  	14
			
	 	  	Attachment 1 to LA-1106156R4 	  	14
			
	 	  	Attachment 2 to LA-1106156R4 	  	14
			
	 	  	Attachment 3 to LA-1106156R4 	  	14
			
	 	  	Attachment 4 to LA-1106156R4 	  	14
			
	LA-1106157	  	 AGTA Amended Articles
	  	
			
	LA-1106158R5	  	 LA-Right to Purchase Additional Aircraft
	  	12
			
	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-1106208R2	  	 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-1106614R4	  	 LA-Special Matters for Purchase Right Aircraft
	  	12
			
	LA-1106824	  	 LA-Customer Support Matters
	  	
			
	LA-1208292R2	  	 LA-Special Matters Concerning [*] – 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-1208949R1	  	 LA-Special Matters for Aircraft in Table 1-A1
	  	11
			
	6-1162-SCR-146R2	  	 LA Special Provision—Block B and Block G Aircraft
	  	11
			
	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

  

					
	FED-PA-03712	 		 	SA-14
		 	BOEING PROPRIETARY	 	

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

					
			
	6-1162-LKJ-0709	  	 LA-[*] Special Matters
	  	  6
			
	6-1162-LKJ-0728	  	 LA-Special Matters – SA-8 Early Exercise
Aircraft
	  	  8
			
	6-1162-LKJ-0744	  	 LA-Special Considerations – SA-10
Accelerated Aircraft
	  	10
			
	6-1169-LKJ-0773	  	 LA-Special Matters – SA-11
	  	11
			
	LA-2000793	  	 LA-SA-14
Rescheduled Aircraft Delivery Matters
	  	14

  

					
	FED-PA-03712	 		 	SA-14
		 	BOEING PROPRIETARY	 	

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

			
	 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

		
	 Supplemental Agreement No. 7
	  	 April 18, 2016

		
	 Supplemental Agreement No. 8
	  	 June 10, 2016

		
	 Supplemental Agreement No. 9 
	  	 February 16, 2017

		
	 Supplemental Agreement No. 10
	  	 May 10, 2017

		
	 Supplemental Agreement No. 11
	  	 June 18, 2018

		
	 Supplemental Agreement No. 12
	  	 June 24, 2019

		
	 Supplemental Agreement No. 13
	  	 September 4, 2019

		
	 Supplemental Agreement No. 14
	  	 , 2020

  

					
	FED-PA-03712	 		 	SA-14
		 	BOEING PROPRIETARY	 	

			
	 

	 	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207        

 
  

FED-PA-03712-LA-1106156
R4 
 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-1106156R3 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-1106156R4
 Option
Aircraft
	 		 	 SA-14

Page 1

 BOEING
PROPRIETARY 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  
 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 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 Option Aircraft
added to the Purchase Agreement. The parties acknowledge that Customer has previously paid an Option Deposit to Boeing in the amount of [*] for (i) each of the fifteen (15) Block D Option Aircraft in Attachment 2, and (ii) each of the
thirty-five (35) Option Aircraft in Attachment 1 prior to the execution of Supplemental Agreement No. 14 to the Purchase Agreement (SA-14). If Customer exercises an option, the Option Deposit
will be credited against the first advance payment due. 
 5.2    [*] 

5.3    For the sake of clarity, Customer and Boeing agreed to [*], pursuant to paragraph 2 of letter agreement 6-1162-LKJ-0707, Agreement Regarding [*], dated July 15, 2015. 

5.4    Following option exercise, 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). [*] 
 6.1.1    Notwithstanding
paragraph 6.1 above, Customer and Boeing agreed to [*], pursuant to letter agreement
FED-PA-3712-LA-2000391, [*], dated January 30, 2020. 

6.2    [*] 

6.2.1    [*] 

6.2.1.1    Notwithstanding paragraph 6.2.1 above, [*]. 

6.2.2    [*] 

6.2.3    [*] 

6.2.4    [*] 

  
  

					
	 FED-PA-03712-LA-1106156R4
 Option
Aircraft
	 		 	 SA-14

Page 2

 BOEING
PROPRIETARY 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

6.2.5    [*] 

6.3    Boeing and Customer agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement. 
  

	7.	 [*] 

For the avoidance of doubt, [*] as described in letter agreement FED-PA-03712-LA-1106154R2, Firm Aircraft and Option Aircraft Delivery Matters and FED-PA-03712-LA-2000793, SA-14 Rescheduled Aircraft Delivery Matters. 

 

	8.	 [*] 

  

	9.	 [*] 

  

	10.	 Supplemental Agreement. 

10.1    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. 

10.2    Boeing and Customer will use their commercially reasonable efforts to sign a Supplemental Agreement within
thirty (30) business days following the applicable Option Exercise Date. 

  

					
	 FED-PA-03712-LA-1106156R4
 Option
Aircraft
	 		 	 SA-14

Page 3

 BOEING
PROPRIETARY 
  

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

	11.	 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. 

 

									
	ACCEPTED AND AGREED TO this	 		 		 	
					
	Date:	 	 February 28, 2020
	 		 		 	
				
	FEDERAL EXPRESS CORPORATION	 		 		 	THE BOEING COMPANY
					
	By:	 	 /s/ Kevin A. Burkhart
	 		 	By:	 	 /s/ Steve Otto

					
	Name:	 	 Kevin A. Burkhart
	 		 	Name:	 	 Steve Otto

					
	Title:	 	 Vice President
	 		 	Title:	 	
Attorney-In-Fact

 Attachments to Letter Agreement: 
  

	•	 	 Attachment 1: Option Aircraft Delivery, Description, Price and Advance Payments 

 

	•	 	 Attachment 2: Block D Option Aircraft Delivery, Description, Price and Advance Payments

  

	•	 	 Attachment 3: Production Cycle Option Schedule 

 

	•	 	 Attachment 4: Firm Aircraft and Option Aircraft Delivery Schedule by Customer Fiscal Year

  
  

					
	 FED-PA-03712-LA-1106156R4
 Option
Aircraft
	 		 	 SA-14

Page 4

 BOEING
PROPRIETARY 

			
	

	  	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

  

 
 FED-PA-03712-LA-2000793 
 Federal
Express Corporation 
 3610 Hacks Cross 
 Memphis TN 38125 

 

	Subject:	 SA-14 Rescheduled 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. 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 two (2) firm Aircraft identified in Table 1.2 to this Letter Agreement. 

 

	1.	 SA-14 Rescheduled Aircraft. 

1.1    For the avoidance of doubt, the two (2) firm Aircraft shown in Table 1.2 below (collectively, SA-14 Rescheduled Aircraft), shall be subject to letter agreement
FED-PA-03712-LA-1106154R3, Firm Aircraft and Option Aircraft Delivery Matters.

 Table 1.2: 
  

											
	 Aircraft Block
	  	MSN	 	  	Table	  	Revised Delivery Month of Aircraft,
incorporated with SA-14.	 
	 C
	  	 	66868	 	  	Table 1-B	  	 	[	*] 
	 F
	  	 	63134	 	  	Table 1-A2	  	 	[	*] 

  

	2.	 Additional Delivery Flexibility for the SA-14 Rescheduled
Aircraft. 

 2.1    In addition to the delivery flexibility described in letter agreement FED-PA-03712-LA-1106154R3, Firm Aircraft and Option Aircraft Delivery Matters, Boeing
and Customer further agree to the delivery flexibility for the two (2) SA-14 Rescheduled Aircraft as set forth below. 

2.2    Following notification from Customer to Boeing regarding [*] pursuant to letter agreement FED-PA-3712-LA-2000391, [*], Boeing reserves the right to [*]. 

 

	3.	 Supplemental Agreement. 

3.1    [*] 

  

					
	 FED-PA-03712-LA-2000793
 SA-14 Rescheduled
Aircraft Delivery Matters
	 		 	 SA-14

Page 1

 BOEING
PROPRIETARY 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  
 3.2    Boeing and
Customer agree that the revised Delivery Dates(s) of the SA-14 Rescheduled Aircraft will be reflected in Table 1-B or Table 1-A2,
as applicable, of the Purchase Agreement. 
 3.3    Boeing and Customer will use their commercially reasonable efforts
to sign a Supplemental Agreement within thirty (30) business days following the applicable Option Exercise Date. 
  

	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 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. 

 

									
	ACCEPTED AND AGREED TO this	 		 		 	
					
	Date:	 	 February 28, 2020
	 		 		 	
				
	FEDERAL EXPRESS CORPORATION	 		 		 	THE BOEING COMPANY
					
	By:	 	 /s/ Kevin A. Burkhart
	 		 	By:	 	 /s/ Steve Otto

					
	Name:	 	 Kevin A. Burkhart
	 		 	Name:	 	 Steve Otto

					
	Title:	 	 Vice President
	 		 	Title:	 	
Attorney-In-Fact

 Omitted Attachments 

Certain attachments to this exhibit regarding delivery and pricing of certain B767F aircraft manufactured by The Boeing Company for FedEx have been omitted
pursuant to Item 601(a)(5) of Regulation S-K because the information contained therein is not material and is not otherwise publicly disclosed. FedEx will furnish supplementally copies of these attachments to
the Securities and Exchange Commission or its staff upon request. 

  
  

					
	 FED-PA-03712-LA-2000793
 SA-14 Rescheduled Aircraft Delivery Matters
	 		 	 SA-14

Page 2

 BOEING
PROPRIETARY

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]