Document:

EX-10.28

  
   
    Exhibit 10.28 

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

    Supplemental Agreement No. 19 

    to 

    Purchase Agreement No. 3157 

    between 

    The Boeing Company 

    And 

    Federal Express Corporation 

    Relating to Boeing Model 777-FREIGHTER Aircraft 

    THIS SUPPLEMENTAL AGREEMENT, entered into as of the 27 th day of October, 2011, by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 

    W I T N E S S E T H : 

    WHEREAS, the parties entered into that certain Purchase Agreement No. 3157, dated November 7, 2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER Aircraft (the Aircraft); and 

    WHEREAS, Customer desires to re-schedule the delivery of certain Aircraft (Affected Aircraft) as identified in the table below: 

     

    							
	 Manufacturer’s
 Serial
 Number (MSN)
	  	 Table
	  	 Current Delivery
 Dates of
 Affected Aircraft
	  	 Revised Delivery
 Dates of Affected
 Aircraft

	[ * ]	  	Table 1-D	  	[ * ]	  	[ * ]
	[ * ]	  	Table 1	  	[ * ]	  	[ * ]

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

     

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

     

    					
	P.A. No. 3157	 	1	 	SA 19
	
	BOEING PROPRIETARY

   

  
   

  

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

     

    	1.	 Remove and replace, in its entirety, the “Table of Contents” with the revised Table of Contents attached hereto to reflect the changes made by this Supplemental Agreement No. 19. 

     

    	2.	 Remove and replace, in its entirety, the “Table 1” with the revised Table 1 attached hereto to reflect the delivery date, pricing and advance payments as a result of rescheduling the Affected Aircraft bearing MSN [ * ]. 

     

    	3.	 Remove and replace, in its entirety, the “Table 1-D” with the revised Table 1-D attached hereto to reflect the delivery date, pricing and advance payments as a result of the rescheduling the Affected Aircraft bearing MSN [ * ]. 

     

    	4.	 Customer and Boeing hereby acknowledge and confirm that Letter Agreement 6-1162-RRO-1144R5 entitled [ * ] is hereby cancelled and replaced in its entirety with Letter Agreement 6-1162-RRO-1144R6 entitled [ * ]. 

     

    	5.	 [ * ] 

     

    	6.	 This Supplemental Agreement No. 19 shall not be effective unless executed and delivered by Customer on or prior to October 31, 2011. 

     

    	7.	 For the avoidance of doubt, notwithstanding the rescheduling of the Affected Aircraft, Special Matters Letter Agreement 6-1162-RCN-1790 continues to apply to MSN [ * ] and Special Matters Letter Agreement FED-PA-LA-1001683R1 continues to apply to MSN [ * ]. 

    EXECUTED as of the day and year first above written. 

     

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

				
	Its:	  	Attorney-In-Fact	  	Its:	  	Vice President

     

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

     

    					
	P.A. No. 3157	 	2	 	SA 19
	
	BOEING PROPRIETARY

   

  
   

  

  
   
    TABLE OF CONTENTS 

     

    					
		  	 	SA	 
	 	  	NUMBER	 
	 ARTICLES
	  			
		
	 1. Quantity, Model and Description
	  			
	 2. Delivery Schedule
	  			
	 3. Price
	  			
	 4. Payment
	  			
	 5. Miscellaneous
	  			
		
	 TABLE
	  			
		
	 1. Aircraft Information Table
	  	 	19	 
	 1B Block B Aircraft Information Table
	  	 	4	 
	 1C Block C Aircraft Information Table
	  	 	13	 
	 1C1 Block C Aircraft Information Table (MSN [ * ])
	  	 	11	 
	 1C2 Block C Aircraft Information Table
	  	 	16	 
	 1D Block D Aircraft Information Table
	  	 	19	 
		
	 EXHIBIT
	  			
		
	 A. Aircraft Configuration
	  	 	4	 
	 A1. Aircraft Configuration (Block B Aircraft)
	  	 	4	 
	 A2. Aircraft Configuration (Block C Aircraft except MSN [ * ])
	  	 	11	 
	 A3. Aircraft Configuration (Block C Aircraft w/ MSN [ * ])
	  	 	11	 
	 A4. Aircraft Configuration (Block D Aircraft)
	  	 	12	 
	 B. Aircraft Delivery Requirements and Responsibilities
	  			
		
	 SUPPLEMENTAL EXHIBITS
	  			
		
	 AE1. Escalation Adjustment/Airframe and Optional Features
	  			
	 CS1. Customer Support Variables
	  			
	 EE1. Engine Escalation/Engine Warranty and Patent Indemnity
	  			
	 SLP1. Service Life Policy Components
	  			

     

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

     

    					
	P.A. No. 3157	 	3	 	SA 19
	
	BOEING PROPRIETARY

   

  
   

  

  
   
    					
	 	  	 	  	SA
	 LETTER AGREEMENT
	  	 	  	 NUMBER

	3157-01	  	777 Spare Parts Initial Provisioning	  	
			
	3157-02	  	Demonstration Flight Waiver	  	
			
	6-1162-RCN-1785	  	[ * ]	  	
			
	6-1162-RCN-1789	  	Option Aircraft [Attachment to Letter 6-1162-RCN-1789]	  	Exercised in SA # 4
			
	6-1162-RCN-1790	  	Special Matters	  	
			
	6-1162-RCN-1791	  	Performance Guarantees	  	4
			
	6-1162-RCN-1792	  	Liquidated Damages Non-Excusable Delay	  	
			
	6-1162-RCN-1793	  	Open Configuration Matters	  	
			
	6-1162-RCN-1795	  	AGTA Amended Articles	  	
			
	6-1162-RCN-1796	  	777 First-Look Inspection Program	  	
			
	6-1162-RCN-1797	  	Licensing and Customer Supplemental Type Certificates	  	
			
	6-1162-RCN-1798	  	777 Boeing Converted Freighter	  	Deleted in SA # 4
			
	6-1162-RCN-1798 R1	  	777 Boeing Converted Freighter	  	4
			
	6-1162-RCN-1799	  	[ * ]	  	
			
	6-1162-RRO-1062	  	Option Aircraft	  	4
		  	Attachment to Letter 6-1162-RRO-1062	  	16
			
	6-1162-RRO-1065	  	Performance Guarantees for Block B Aircraft	  	4
			
	6-1162-RRO-1066R1	  	Special Matters for Block B Aircraft	  	4
			
	6-1162-RRO-1067	  	 Special Matters for Option Aircraft detailed in
 Letter Agreement 6-1162-RRO-1062
	  	4
			
	6-1162-RRO-1068	  	Special Provision — Block B Aircraft	  	4
			
	FED-PA-LA-1000790R2	  	Special Matters for Block C Aircraft	  	16
			
	FED-PA-LA-1001683R1	  	Special Matters for Block D Aircraft	  	16
			
	6-1162-RRO-1144R 6 	  	[ * ]	  	19

     

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

     

    					
	P.A. No. 3157	 	4	 	SA 19
	
	BOEING PROPRIETARY

   

  
   

  

  
   
    			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

	Supplemental Agreement No. 1	  	May 12, 2008
		
	Supplemental Agreement No. 2	  	July 14, 2008
		
	Supplemental Agreement No. 3	  	December 15, 2008
		
	Supplemental Agreement No. 4	  	January 9, 2009
		
	Supplemental Agreement No. 5	  	January 11, 2010
		
	Supplemental Agreement No. 6	  	March 17, 2010
		
	Supplemental Agreement No. 7	  	March 17, 2010
		
	Supplemental Agreement No. 8	  	April 30, 2010
		
	Supplemental Agreement No. 9	  	June 18, 2010
		
	Supplemental Agreement No. 10	  	June 18, 2010
		
	Supplemental Agreement No. 11	  	August 19, 2010
		
	Supplemental Agreement No. 12	  	September 3, 2010
		
	Supplemental Agreement No. 13	  	August 27, 2010
		
	Supplemental Agreement No. 14	  	October 25, 2010
		
	Supplemental Agreement No. 15	  	October 29, 2010
		
	Supplemental Agreement No. 16	  	January 31, 2011
		
	Supplemental Agreement No. 17	  	February 14, 2011
		
	Supplemental Agreement No. 18	  	March 31, 2011
		
	Supplemental Agreement No. 19	  	October __, 2011

     

    					
	P.A. No. 3157	 	5	 	SA 19
	
	BOEING PROPRIETARY

   

  
   

  

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

    October 27, 2011 

    6-1162-RRO-1144 R6 

    Federal Express Corporation 

    3610 Hacks Cross Road 

    Memphis, TN 38125 

     

    			
	Attention: Mr. Kevin Burkhart
	 Managing Director — Aircraft Acquisitions & Sales

		
	Subject:	  	[ * ]
		
	Reference:	  	Supplemental Agreement No. 8, Nos. 13 through No. 16, No. 18 and No. 19 to Purchase Agreement 3157, dated November 7, 2006, between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (the Aircraft)

    Dear Mr. Burkhart: 

    In consideration of the strong business relationship between Boeing and Customer and Customer executing Supplemental Agreements No. 8, Nos. 13 through No. 16, No. 18 and No. 19 , Boeing has agreed to [ * ]. 

     

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

     

    					
	 P.A. No. 3157, 6-1162-RRO-1144R6
	 	BOEING PROPRIETARY	 	SA-19
	[ * ]	 		 	Page 1

   

  
   

  

  
   
      

    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 company, FedEx Corporation, to its professional advisors under a duty of confidentiality with respect hereto, and as required by law. 

    Further Customer agrees and acknowledges that Attachment A cannot be revised/modified in any way unless specifically agreed to in writing by Boeing. 

     

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

     

    					
	 P.A. No. 3157, 6-1162-RRO-1144R6
	 	BOEING PROPRIETARY	 	SA-19
	 [ * ]
	 		 	Page 2

   

  
   

  

  
   
      

    Very truly yours, 

    THE BOEING COMPANY 

     

    			
	By	 	 /s/ STUART C. ROSS

		
	Its	 	 Attorney-In-Fact

    ACCEPTED AND AGREED TO this 

    Date: October 27, 2011 

    FEDERAL EXPRESS CORPORATION 

     

    			
	By	 	 /s/ PHILLIP C. BLUM

		
	Its	 	 VP, Aircraft Acquisitions & SAO

    Attachment 

     

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

    Omitted Attachments 

    Certain attachments to this exhibit regarding delivery and pricing of certain B777F aircraft manufactured by The Boeing Company for FedEx have been omitted pursuant to Item 601(a)(5) of Regulation S-K because the information contained therein is not material and is not otherwise publicly disclosed. FedEx will furnish supplementally copies of these attachments to the Securities and Exchange Commission or its staff upon request. 

     

    					
	 P.A. 3157, 6-1162-RRO-1144R6
	 	BOEING PROPRIETARY	 	SA-19
	[ * ]	 		 	Page 3EX-10.29

  
   
    Exhibit 10.29 

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

    Supplemental Agreement No. 20 

    to 

    Purchase Agreement No. 3157 

    between 

    The Boeing Company 

    And 

    Federal Express Corporation 

    Relating to Boeing Model 777-FREIGHTER Aircraft 

    THIS SUPPLEMENTAL AGREEMENT, entered into as of the 14th day of December 2011, by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 

    W I T N E S S E T H: 

    WHEREAS, the parties entered into that certain Purchase Agreement No. 3157, dated November 7, 2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER Aircraft (Aircraft); and 

    WHEREAS, Customer desires to exercise two (2) Option Aircraft under Letter Agreement 6-1162-RRO-1062 to the Purchase Agreement and reschedule the delivery of such Aircraft as identified in the table below: 

     

    			
	 Existing Delivery Dates of
 Option Aircraft
	  	 Revised Delivery
 Dates of Exercised
 Option Aircraft

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

    WHEREAS, Customer desires to reschedule the delivery dates of two (2) Option Aircraft under Letter Agreement 6-1162-RRO-1062 to the Purchase Agreement as shown in the table below: 

     

    			
	 Existing Delivery Dates
 of Option Aircraft
	  	 Revised Delivery Dates
 of Option Aircraft

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

     

     

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

     

    					
	P.A. No. 3157	  	1	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
    WHEREAS, Customer desires to re-schedule the delivery of certain Block C and D firm Aircraft and certain Block B conditional firm Aircraft as identified in the table below: 

     

    							
	 Manufacturer’s
 Serial Number
	  	Aircraft
Block	  	Current Delivery
Dates
of
Aircraft	  	Revised Delivery
Dates
of
Aircraft
	41736	  	D	  	[*]	  	[*]
	41737	  	D	  	[*]	  	[*]
	41750	  	C	  	[*]	  	[*]
	40671	  	B	  	[*]	  	[*]
	40672	  	B	  	[*]	  	[*]
	40673	  	B	  	[*]	  	[*]
	40676	  	B	  	[*]	  	[*]
	40679	  	B	  	[*]	  	[*]
	40682	  	B	  	[*]	  	[*]

    WHEREAS, Customer desires to accelerate the delivery dates of two (2) Block B conditional firm Aircraft as identified in the table below, and Customer agrees, with respect to these two Aircraft, to remove the special condition (reference Letter Agreement 6- 

    1162-RRO-1068), resulting in these two Aircraft becoming firm Aircraft upon execution of this Supplemental Agreement No. 20: 

     

    							
	 Manufacturer’s
 Serial Number
	  	Aircraft
Block	  	Current Delivery
Dates
of
Aircraft	  	Revised Delivery
Dates
of
Aircraft
	40674	  	B	  	[*]	  	[*]
	40675	  	B	  	[*]	  	[*]

    WHEREAS, the parties agree to amend the Purchase Agreement concerning the Option Aircraft base year price changes as reflected in paragraph 5 herein. 

     

     

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

     

    					
	P.A. No. 3157	  	2	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
    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. 20. 

     

    	2.	 Add a new Table 1-A to incorporate the two Block B conditional firm Aircraft, MSNs 40674 and 40675, as firm Aircraft, with delivery dates of [*]and [*], respectively. 

     

    	3.	 Remove and replace, in its entirety, the “Table 1-B” with the revised Table 1-B attached hereto to reflect (i) the removal of MSNs 40674 and 40675 and (ii) the revised delivery dates and advance payments of the rescheduled Aircraft. 

     

    	4.	 Customer and Boeing hereby acknowledge and confirm that the two (2) Option Aircraft under Letter Agreement 6-1162-RRO-1062 with delivery months [*] and [*] (rescheduled under this Supplemental Agreement No. 20 to [*] and [*], respectively) are hereby exercised by this Supplemental Agreement No. 20 and will be collectively classified as Block C Aircraft (Block C). [*]. Remove and replace, in its entirety, the “Table 1-C2” with the revised Table 1-C2 attached hereto to reflect the delivery dates and advance payments as a result of (i) the exercise of two (2) Option Aircraft, (ii) the rescheduling of those two (2) exercised Option Aircraft as Block C Aircraft and (iii) the rescheduling of the Block C Aircraft bearing MSN 41750 from [*] to [*]. 

     

    	5.	 Remove and replace, in its entirety, Letter Agreement FED-PA-LA-1000790R2 entitled “Special Matters for Block C Aircraft” with FED-PA-LA-1000790R3 entitled “Special Matters for Block C Aircraft” to provide [*]. 

     

    	6.	 Remove and replace, in its entirety, the “Table 1-D” with the revised Table 1-D attached hereto to reflect the delivery dates and advance payments of the two (2) Block D Aircraft rescheduled by this Supplemental Agreement No. 20. 

     

    	7.	 Remove and replace, in its entirety, the Attachment to Letter 6-1162-RRO-1062 with the revised Attachment to Letter 6-1162-RRO-1062 attached hereto to reflect the delivery dates, pricing and advance payments as a result of (i) the exercise of the two (2) Option Aircraft under paragraph 4. above and (ii) the rescheduling the two (2) Option Aircraft with delivery months of [*] and [*] to [*] and [*], respectively. 

     

     

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

     

    					
	P.A. No. 3157	  	3	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
    	8.	 Add letter agreement 6-1162-SCR-137, 777F Miscellaneous Matters to the Purchase Agreement to reflect certain business considerations related to this Supplemental Agreement No. 20. 

     

    	9.	 Customer and Boeing acknowledge and confirm that Letter Agreement 6-1162-RRO-1144R6 entitled “[*]” is hereby cancelled and replaced in its entirety with Letter Agreement 6-1162-RRO-1144R7 entitled “[*]”. 

     

    	10.	 As a result of the changes incorporated in this Supplemental Agreement No. 20, excess advance payments in the amount of [*] are currently held by Boeing. Customer and Boeing agree that [*]. 

     

    	11.	 This Supplemental Agreement No. 20 shall not be effective unless (i) executed and delivered by Customer and Boeing on or prior to December 15, 2011 and (ii) Customer and Boeing execute and deliver Purchase Agreement No. 3712 for the purchase of 767-300F aircraft on or before December 15, 2011. 

    EXECUTED as of the day and year first above written. 

     

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

					
	Its:	 	Attorney-In-Fact	 		 	Its:	 	Vice President

     

     

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

     

    					
	P.A. No. 3157	  	4	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
    TABLE OF CONTENTS 

     

    									
	 	 	 	  	 	  	SA NUMBER
	 
		 	ARTICLES	  			
				
		 	1.	  	Quantity, Model and Description	  			
		 	2.	  	Delivery Schedule	  			
		 	3.	  	Price	  			
		 	4.	  	Payment	  			
		 	5.	  	Miscellaneous	  			
		
	 TABLE
	  			
				
		 	1.	  	Aircraft Information Table	  	 	15	 
		 	1A	  	Block B Firm Aircraft Information Table	  	 	20	 
		 	1B	  	Block B Conditional Firm Aircraft Information Table	  	 	20	 
		 	1C	  	Block C Aircraft Information Table	  	 	13	 
		 	1C1	  	Block C Aircraft Information Table (MSN 39285)	  	 	11	 
		 	1C2	  	Block C Aircraft Information Table	  	 	20	 
		 	1D	  	Block D Aircraft Information Table	  	 	20	 
		
	 EXHIBIT
	  			
				
		 	A.	  	Aircraft Configuration	  	 	4	 
		 	A1.	  	Aircraft Configuration (Block B Aircraft)	  	 	4	 
		 	A2.	  	Aircraft Configuration (Block C Aircraft except MSN 39285)	  	 	11	 
		 	A3.	  	Aircraft Configuration (Block C Aircraft w/ MSN 39285)	  	 	11	 
		 	A4.	  	Aircraft Configuration (Block D Aircraft)	  	 	12	 
		 	B.	  	Aircraft Delivery Requirements and Responsibilities	  			
		
	 SUPPLEMENTAL EXHIBITS
	  			
				
		 	AE1.	  	Escalation Adjustment/Airframe and Optional Features	  			
		 	CS1.	  	Customer Support Variables	  			
		 	EE1.	  	Engine Escalation/Engine Warranty and Patent Indemnity	  			
		 	SLP1.	  	Service Life Policy Components	  			

     

    					
	P.A. No. 3157	  	5	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
    					
	 	  	 	  	 SA NUMBER

	LETTER AGREEMENT	  		  	
			
	3157-01	  	777 Spare Parts Initial Provisioning	  	
			
	3157-02	  	Demonstration Flight Waiver	  	
			
	6-1162-RCN-1785	  	[*]	  	
			
	6-1162-RCN-1789	  	Option Aircraft Attachment to Letter 6-1162-RCN-1789	  	Exercised in SA # 4
			
	6-1162-RCN-1790	  	Special Matters	  	
			
	6-1162-RCN-1791	  	Performance Guarantees	  	4
			
	6-1162-RCN-1792	  	Liquidated Damages Non-Excusable Delay	  	
			
	6-1162-RCN-1793	  	Open Configuration Matters	  	
			
	6-1162-RCN-1795	  	AGTA Amended Articles	  	
			
	6-1162-RCN-1796	  	777 First-Look Inspection Program	  	
			
	6-1162-RCN-1797	  	Licensing and Customer Supplemental Type Certificates	  	
			
	6-1162-RCN-1798	  	777 Boeing Converted Freighter	  	Deleted in SA # 4
			
	6-1162-RCN-1798 R1	  	777 Boeing Converted Freighter	  	4
			
	6-1162-RCN-1799	  	[*]	  	
			
	6-1162-RRO-1062	  	Option Aircraft	  	4
			
		  	Attachment to Letter 6-1162-RRO-1062	  	20
			
	6-1162-RRO-1065	  	Performance Guarantees for Block B Aircraft	  	4
			
	6-1162-RRO-1066R1	  	Special Matters for Block B Aircraft	  	4
			
	6-1162-RRO-1067	  	Special Matters for Option Aircraft detailed in Letter Agreement 6-1162-RRO-1062	  	4
			
	6-1162-RRO-1068	  	Special Provision – Block B Aircraft	  	4
			
	FED-PA-LA-1000790R3	  	Special Matters for Block C Aircraft	  	20
			
	FED-PA-LA-1001683R2	  	Special Matters for Block D Aircraft	  	19
			
	6-1162-RRO-1144R7	  	[*]	  	20
			
	6-1162-SCR-137	  	777F Miscellaneous Matters	  	20

     

     

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

     

    					
	P.A. No. 3157	  	6	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
    			
	 	  	 DATED AS OF:

	SUPPLEMENTAL AGREEMENTS	  	
		
	Supplemental Agreement No. 1	  	May 12, 2008
		
	Supplemental Agreement No. 2	  	July 14, 2008
		
	Supplemental Agreement No. 3	  	December 15, 2008
		
	Supplemental Agreement No. 4	  	January 9, 2009
		
	Supplemental Agreement No. 5	  	January 11, 2010
		
	Supplemental Agreement No. 6	  	March 17, 2010
		
	Supplemental Agreement No. 7	  	March 17, 2010
		
	Supplemental Agreement No. 8	  	April 30, 2010
		
	Supplemental Agreement No. 9	  	June 18, 2010
		
	Supplemental Agreement No. 10	  	June 18, 2010
		
	Supplemental Agreement No. 11	  	August 19, 2010
		
	Supplemental Agreement No. 12	  	September 3, 2010
		
	Supplemental Agreement No. 13	  	August 27, 2010
		
	Supplemental Agreement No. 14	  	October 25, 2010
		
	Supplemental Agreement No. 15	  	October 29, 2010
		
	Supplemental Agreement No. 16	  	January 31, 2011
		
	Supplemental Agreement No. 17	  	February 14, 211
		
	Supplemental Agreement No. 18	  	March 31, 2011
		
	Supplemental Agreement No. 19	  	October 27, 2011
		
	Supplemental Agreement No. 20	  	December __, 2011

     

    					
	P.A. No. 3157	  	7	  	SA 20

    BOEING PROPRIETARY 

   

  
   

  

  
   
     

    					
	  	  		  	 The Boeing Company

	  		  	 P.O. Box 3707

	  		  	 Seattle, WA 98124-2207

    December 14, 2011 

    6-1162-RRO-1144R7 

    Federal Express Corporation 

    2955 Republican Drive 

    Memphis, TN 38118 

     

    					
	Attention:	  	  	  	Mr. Kevin Burkhart
		  		  	Managing Director – Aircraft Acquisitions & Sales
			
	Subject:	  		  	[*]
			
	Reference:	  		  	Supplemental Agreement No. 8, Nos. 13 through No. 16, and No. 18 through No. 20 to Purchase Agreement 3157, dated November 7, 2006, between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (the Aircraft)

    Dear Mr. Burkhart: 

    In consideration of the strong business relationship between Boeing and Customer and Customer executing Supplemental Agreements No. 8, Nos. 13 through No. 16, and No. 18 through No. 20, Boeing has agreed to [*]. 

     

     

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

     

    			
	P.A. 3157, 6-1162-RRO-1144R7	  	SA-20
	[*]	  	Page 1
	BOEING PROPRIETARY

   

  
   

  

  
   
      

    Further Customer agrees and acknowledges that Attachment A can not be revised/modified in any way unless specifically agreed to in writing by Boeing. 

     

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

		
	Its:	 	Attorney-In-Fact
	
	ACCEPTED AND AGREED TO this
	
	Date: December 14 , 2011
	
	FEDERAL EXPRESS CORPORATION
		
	By:	 	 /s/ PHILLIP C. BLUM

		
	Its:	 	Vice President

     

     

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

     

    			
	P.A. 3157, 6-1162-RRO-1144R7	  	SA-20
	[*]	  	Page 2
	BOEING PROPRIETARY

   

  
   

  

  
   
    					
	  	  		  	 The Boeing Company

	  		  	 P.O. Box 3707

	  		  	 Seattle, WA 98124-2207

    FED-PA—LA-1000790R3 

    Federal Express Corporation 

    3610 Hacks Cross 

    Memphis TN 38125 

    Subject: Special Matters for Block C Aircraft 

    Reference: Purchase Agreement No. 3157 (the Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER aircraft (the Aircraft) 

    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. 

    [*] 

     

    	 	9.	 ADVANCE PAYMENT SETOFF RIGHTS 

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

     

    	 	10.	 ASSIGNMENT 

    [*] and cannot be assigned, in whole or in part, without the prior written consent of The Boeing Company. 

     

     

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

     

    			
	P.A. 3157, FED-PA-LA-1000790R3	  	SA-20
	Special Matters for Block C Aircraft	  	Page 1
	BOEING PROPRIETARY

   

  
   

  

  
   
     

      

     

    	 	11.	 PUBLIC ANNOUNCEMENT 

    Notwithstanding the terms in the Purchase Agreement, neither Party shall, except as required by law, in any manner advertise or make any public statement regarding Customer’s purchase of the Block C Aircraft without the prior written consent of the other Party. Neither Party shall disclose any details of this Agreement to any third party, except as may be authorized in writing by an authorized officer of the other Party or as set forth in the Confidential Treatment paragraph below. 

    Confidential Treatment. Customer understands that certain commercial and financial information contained in this Letter Agreement /and attachment(s) hereto is considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not, without the prior written consent of Boeing, disclose this Letter Agreement or any information contained herein to any other person or entity. Notwithstanding the above, Boeing acknowledges that Customer may disclose this Letter Agreement / and attachment(s) hereto to FedEx Corporation, its Board of Directors, and to Customer’s and FedEx Corporation’s professional advisors who are under a duty of confidentiality with respect thereto. 

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

     

    	 	12.	 EFFECTIVENESS 

    This letter agreement shall not become effective unless and until Supplemental Agreement No. 20 becomes effective. 

     

    			
	 P.A. 3157, FED-PA-LA-1000790R3
	  	SA-20
	 Special Matters for Block C Aircraft
	  	Page 2
	BOEING PROPRIETARY

   

  
   

  

  
   
    			
	   
	 	

    			
	
	Very truly yours,
	
	 THE BOEING COMPANY

		
	 By:
	 	 /s/ STUART C. ROSS

		
	 Its:
	 	 Attorney-In-Fact

	
	 ACCEPTED AND AGREED TO this

	
	 Date: December 14 , 2011

	
	 FEDERAL EXPRESS CORPORATION

		
	 By:
	 	 /s/ PHILLIP C. BLUM

		
	 Its:
	 	 Vice President

     

    			
	P.A. 3157, FED-PA-LA-1000790R3	  	SA-20
	Special Matters for Block C Aircraft	  	Page 3
	BOEING PROPRIETARY

   

  
   

  

  
   
     

    					
	  	  		  	 The Boeing Company

	  		  	 P.O. Box 3707

	  		  	 Seattle, WA 98124-2207

    6-1162-SCR-137 

    Federal Express Corporation 

    3610 Hacks Cross Road 

    Memphis, TN 38125 

     

    					
	 Subject:
	  		  	777F Miscellaneous Matters
			
	Reference:	  	  	  	Purchase Agreement No. 3157 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-F 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. 

     

    	1.	 [*] 

     

    	2.	 [*] 

     

    	3.	 [*] 

    4.    Entire Agreement. This Agreement and the Purchase Agreement 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.    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. 

     

     

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

     

    			
	6-1162-SCR-137	  	December 12, 2011
	777F Miscellaneous Matters	  	Page 1
	BOEING PROPRIETARY

   

  
   

  

  
   
      

     

    					
	AGREED AND ACCEPTED this	  		  	
			
	 December 14, 2011
	  		  	
	Date	  		  	
			
	THE BOEING COMPANY	  		  	FEDERAL EXPRESS CORPORATION
			
	 /s/ STUART C. ROSS
	  	    	  	 /s/ PHILLIP C. BLUM

	Signature	  		  	Signature
			
	 Stuart C. Ross
	  		  	 Phillip C. Blum

	Printed name	  		  	Printed name
			
	 Attorney-in-Fact
	  		  	 Vice President

	Title	  		  	Title

     

    Omitted Attachments 

    Certain attachments to this exhibit regarding delivery and pricing of certain B777F aircraft manufactured by The Boeing Company for FedEx have been omitted pursuant to Item 601(a)(5) of Regulation S-K because the information contained therein is not material and is not otherwise publicly disclosed. FedEx will furnish supplementally copies of these attachments to the Securities and Exchange Commission or its staff upon request. 

     

    			
	6-1162-SCR-137	  	December 12, 2011
	777F Miscellaneous Matters	  	Page 2
	BOEING PROPRIETARY

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