Document:

EX-10.55

  
   
    Exhibit 10.55 

    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. 2 

    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 the 8th day of October, 2012 by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 

    W I T N E S S E T H: 

    A. WHEREAS, the parties entered into that certain Purchase Agreement No. 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 and Boeing desire to reschedule the delivery date of one (1) Block C Aircraft listed in Table 1-A1 as shown below: 

     

    					
	 MSN
	  	 Prior Delivery Month
 & Year for firm
 Aircraft
	  	 Rescheduled Delivery
 Month & Year for firm
 Aircraft

	43544	  	[*]	  	[*]

    C. WHEREAS, Customer and Boeing desire to incorporate Exhibit A into the Purchase Agreement pursuant to the terms of Open Configuration Matters letter agreement FED-PA-03712-LA-1106155. 

    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. 

     

    S1-1 

   

  
   

  

  
   
    Supplemental Agreement 2 to 

    Purchase Agreement No. 3712 

     

    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. 2. 

     

    	 	2.	 Remove and replace, in its entirety, Table 1-A1 with a revised Table 1-A1 attached hereto to reschedule the delivery date of one (1) Aircraft described in Recital Paragraph B and to [*]. 

     

    	 	3.	 Insert a new Exhibit A which shall reflect Customer’s decisions of optional features applicable to the Aircraft. 

     

    	 	4.	 Remove and replace, in its entirety, Table 1-B with a revised Table 1-B attached hereto to [*]. 

     

    	 	5.	 Remove and replace, in its entirety, Table 1-B1 with a revised Table 1-B1 attached hereto to [*]. 

     

    	 	6.	 Remove and replace, in its entirety, Table 1-C with a revised Table 1-C attached hereto to [*]. 

     

    	 	7.	 Remove and replace, in its entirety, the BFE-1 document with a revised BFE-1 document attached hereto to reflect the revised BFE on-dock dates applicable to the Aircraft with MSN 43544 described in Recital Paragraph B. 

     

    	 	8.	 In consideration of the [*] of MSN 43544 described in this Supplemental Agreement No. 2, Boeing agrees to [*] (as defined in paragraph 1.2.2(ii) of letter agreement FED-PA-03712-LA-1106159R1) [*]. For the sake of clarity, the parties anticipate that such [*] as of the date of execution of this Supplemental Agreement. 

    Further to above, in the event that additional amendments are made to any of the aircraft purchase agreements between the date of execution of this Supplemental Agreement No. 2 and May 2015 (Revisions) and such Revisions result in [*]. 

     

     

     

    	*	 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. 

     

    S2-2 

   

  
   

  

  
   
    Supplemental Agreement 2 to 

    Purchase Agreement No. 3712 

     

    	 	9.	 As a result of the changes made under Supplemental Agreement No. 2 to (i) [*] the delivery date of one (1) Block C Aircraft and (ii) revise the [*]. 

     

    	 	10.	 [*]. 

     

    	 	11.	 This Supplemental Agreement No. 2 to the Purchase Agreement shall not be effective unless executed and delivered by the parties on or prior to October 8, 2012. 

     

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

				
	Its:	 	 Attorney-In-Fact
	 	Its:	 	 Vice President Aircraft Acquisition

     

     

     

     

     

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

     

    S2-3 

   

  
   

  

  
   
    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	  	 	2	 
	1-B	 	Exercised Option Aircraft Information Table	  	 	2	 
	1-B1	 	Exercised Block D Option Aircraft Table	  	 	2	 
	1-C	 	Exercised Purchase Right Aircraft Information Table	  	 	2	 
	 EXHIBIT
	 		  			
	A	 	Aircraft Configuration	  	 	2	 
	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	  		  	October 8, 2012
		  		  	SA - 2
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    					
	 LETTER AGREEMENTS
	  	SA
Number
			
	LA-1106151R1	  	LA-[*] Special Matters–Option Aircraft	  	1
			
	LA-1106152	  	LA-[*] Special Matters–Firm Aircraft	  	
			
	LA-1106153	  	LA-Liquidated Damages Non-Excusable Delay	  	
			
	LA-1106154R1	  	LA-Firm Aircraft Delivery Matters	  	1
			
	LA-1106155	  	LA-Open Configuration Matters	  	
			
	LA-1106156R1	  	LA-Option Aircraft	  	1
			
	LA-1106157	  	AGTA Amended Articles	  	
			
	LA-1106158R1	  	LA- Purchase Right Aircraft	  	1
			
	LA-1106159R1	  	LA- Special Matters Concerning [*]	  	1
			
	LA-1106160	  	LA-Spare Parts Initial Provisioning	  	
			
	LA-1106163	  	LA-Demonstration Flight Waiver	  	
			
	LA-1106177	  	[*]	  	
			
	LA-1106207R1	  	LA-Special Matters Firm Aircraft	  	1
			
	LA-1106208R1	  	LA-Special Matters Option Aircraft	  	1
			
	LA-1106574	  	LA- Deviation from [*]	  	
			
	LA-1106584R1	  	LA- Performance Guarantees	  	1
			
	LA-1106586	  	LA-Miscellaneous Matters	  	
			
	LA-1106614	  	LA-Special Matters Purchase Right Aircraft	  	
			
	LA-1106824	  	LA-Customer Support Matters	  	
			
	LA-1208292	  	LA-[*] Special Matters – Block B and C Aircraft	  	1
			
	LA-1208296	  	LA-Special Matters Exercised Block D Option Aircraft	  	1
			
	LA-1208949	  	LA-Special Matters Block C Aircraft in Table 1-A1	  	1
			
	6-1162-SCR-146	  	LA Special Provisions concerning Block B Aircraft	  	1

     

     

    	*	 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. 

     

    					
	FED-PA-03712	  		  	October 8, 2012
		  		  	SA - 2
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

	Supplemental Agreement No. 1	  	June 29, 2012
	Supplemental Agreement No. 2	  	October , 2012

     

    					
	FED-PA-03712	  		  	October 8, 2012
		  		  	SA - 2
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    AIRCRAFT CONFIGURATION 

    between 

    THE BOEING COMPANY 

    and 

    FEDERAL EXPRESS CORPORATION 

    Exhibit A 

    to Purchase Agreement Number 3712 

     

    					
	FED-PA-03712-EXA	  		  	October 8, 2012
		  		  	Page 1
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    Exhibit A 

    AIRCRAFT CONFIGURATION 

    Dated October 8, 2012 

    relating to 

    BOEING MODEL 767-3S2F AIRCRAFT 

    Customer Detail Specification is D019T002FED63F-1, Rev NEW. Such Detail Specification will be comprised of Boeing Configuration Specification D019T002, revision K, dated as of April 30, 2011, and as amended to incorporate the Options attached hereto, including the effects on Manufacturer’s Empty Weight (MEW) and Operating Weight (OEW). 

    The Aircraft Basic Price reflects and includes all effects of such Optional Features, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment. 

     

    					
	FED-PA-03712-EXA	  		  	October 8, 2012
		  		  	 Page 2 

			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    08/28/2012 

    BOEING PROPRIETARY 

    Exhibit A To 

    Boeing Purchase Agreement 

     

    							
	 Configuration
 Item Number
	  	 Title
	  	 [ * ]
	  	 [ * ]

	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	OPTIONS:[*]	  	TOTAL—SPECIAL FEATURES—EXHIBIT A:	  	[ * ]	  	[ * ]
		  	BOEING PROPRIETARY	  		  	

     

     

     

     

    	*	 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. 

     

    Page 1 of 1 

   

  
   

  

  
   
    BUYER FURNISHED EQUIPMENT VARIABLES 

    between 

    THE BOEING COMPANY 

    and 

    FEDERAL EXPRESS CORPORATION 

    Supplemental Exhibit BFE1 to Purchase Agreement Number 3712 

     

    					
	P.A. No. 03712 SA-2	  	 BFE1 
	  	
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    BUYER FURNISHED EQUIPMENT VARIABLES 

    relating to 

    BOEING MODEL 767-300F AIRCRAFT 

    This Supplemental Exhibit BFE1 contains vendor selection dates, on-dock dates and other variables applicable to the Aircraft. 

    1. Supplier Selection. 

    Customer will: 

    1.1 Select and notify Boeing of the suppliers and part numbers of the following BFE items by the following dates: 

     

    					
	Galley System	 		  	[ * ]
		 		  	  

	Galley Inserts	 		  	[ * ]
		 		  	  

	Seats (passenger)	 		  	N/A
		 		  	  

	Overhead & Audio System	 		  	[ * ]
		 		  	  

	In-Seat Video System	 		  	N/A
		 		  	  

	Miscellaneous Emergency Equipment	 		  	[ * ]
		 		  	  

	Cargo Handling System	 		  	[ * ]
		 		  	  

     

     

     

     

    	*	 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. 03712 SA-2	  	 BFE1-1
	  	
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    2. On-dock Dates. 

    On or before [*], Boeing will provide to Customer a BFE Requirements On-Dock/Inventory Document (BFE Document) or an electronically transmitted BFE Report which may be periodically revised, setting forth the items, quantities, on-dock dates and shipping instructions relating to the in-sequence installation of BFE. For planning purposes, a preliminary BFE on-dock schedule is set forth below: 

    Preliminary BFE on-dock dates for planning purposes only: 

     

    															
	 Month/Year
Delivery
	  	 Qty
	  	 Seats
	  	 Galleys &
Furnishings
	  	 Miscellaneous
Emergency
Equipment
	  	 Electronics
	  	 Textiles/Raw
Materials
	  	 Cargo Handling
System

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

     

     

     

    	*	 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. 03712 SA-2	  	BFE1-1	  	
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    Preliminary BFE on-dock dates for planning purposes only: 

     

    															
	 Month/Year
 Delivery
	  	 Qty
	  	 Seats
	  	 Galleys &
Furnishings
	  	 Miscellaneous
Emergency
Equipment
	  	 Electronics
	  	 Textiles/Raw
Materials
	  	 Cargo Handling
System

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

     

    	*	 -On-dock dates for the following delivery positions are unavailable at this time as they are currently outside of our production schedule. As these aircraft are implemented into the production system, on-dock dates will become available though MBC (My Boeing Configuration). 

     

    															
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	Sub-total	  	42	  		  		  		  		  		  	

    The following four (4) [ * ] aircraft with [ * ]: 

     

    															
	 Month/Year
Delivery
	  	 Qty
	  	 Seats
	  	 Galleys &
Furnishings
	  	 Miscellaneous
Emergency
Equipment
	  	 Electronics
	  	 Textiles/Raw
Materials
	  	 Cargo Handling
System

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

     

     

     

    	*	 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. 03712 SA-2	  	 BFE1-2
	  	
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    Preliminary BFE on-dock dates for planning purposes only: 

     

    															
	 Month/Year
 Delivery
	  	 Qty
	  	 Seats
	  	 Galleys &
Furnishings
	  	 Miscellaneous
Emergency
Equipment
	  	 Electronics
	  	 Textiles/Raw
Materials
	  	 Cargo Handling
System

	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]	  	[ * ]
	Total Aircaft	  	46	  		  		  		  		  		  	
	[*].	  		  		  		  		  		  		  	

    3. Additional Delivery Requirements—Import. 

    Customer will be the “importer of record” (as defined by the U.S. Customs and Border Protection) for all BFE imported into the United States, and as such, it has the responsibility to ensure all of Customer’s BFE shipments comply with U.S. Customs Service regulations. In the event Customer requests Boeing, in writing, to act as importer of record for Customer’s BFE, and Boeing agrees to such request, Customer is responsible for ensuring Boeing can comply with all U.S. Customs Import Regulations by making certain that, at the time of shipment, all BFE shipments comply with the requirements in the “International Shipment Routing Instructions”, including the Customs Trade Partnership Against Terrorism (C-TPAT), as set out on the Boeing website referenced below. Customer agrees to include the International Shipment Routing Instructions, including C-TPAT requirements, in each contract between Customer and BFE supplier. 

    http://www.boeing.com/companyoffices/doingbiz/supplier_portal/index_general.html 

     

     

     

    	*	 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 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. 

     

    					
	P.A. No. 03712 SA-2	  	 BFE1-3
	  	
			
		  	BOEING PROPRIETARYEX-10.56

  
   
    Exhibit 10.56 

    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. 3 

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

    W I T N E S S E T H: 

    A. WHEREAS, the parties entered into that certain Purchase Agreement No. 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 four (4) new firm Aircraft to the Purchase Agreement, with delivery dates as follows; 

     

    					
	 	  	 Delivery Month &
 Year for new
 firm 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. 

     

    S-1 

   

  
   

  

  
   
    Supplemental Agreement 3 to 

    Purchase Agreement No. 3712 

    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. 3. 

     

    	 	2.	 Boeing and Customer acknowledge and agree that, upon execution of this Supplemental Agreement, the four (4) new firm Aircraft described in Recital Paragraph B (i) are hereby added to the Purchase Agreement, (ii) are added to Table 1-A1, (iii) are considered Block C Aircraft, (iv) have the business terms described in letter agreement FED-PA-03712-LA-1208949 and (v) [*]. The Block C Aircraft will be deemed “Aircraft” for all purposes under the Purchase Agreement except as described herein. 

     

    	 	3.	 Remove and replace, in its entirety, Table 1-A1 with a revised Table 1-A1 attached hereto to add the four (4) new Aircraft described in Recital Paragraph B. 

     

    	 	4.	 Remove and replace, in its entirety, letter agreement FED-PA-03712-LA-1106584R1 with a revised letter agreement FED-PA-03712-LA-1106584R2 attached hereto to include aircraft performance guarantees applicable to Aircraft listed in Table 1-A1. 

     

    	 	5.	 As a result of the changes incorporated in this Supplemental Agreement No. 3, Customer will owe payment to Boeing in the amount of (i) [*] applicable to the four (4) firm Aircraft referenced in Recital Paragraph B, which amount is [*]. The parties agree that this payment may be satisfied by [*] as of the date of this Supplemental Agreement, as documented under paragraph 8 of Supplemental Agreement No. 22 under purchase agreement 3157. 

     

    	 	6.	 The [*] payments of [*] will continue to be treated under the Purchase Agreement as [*] payments, except that such funds shall be [*] no later than [*]. Funds [*] as aforesaid will cease to be [*] under the Purchase Agreement. [*]. For clarity, the terms “pre-delivery payment(s)”, “PDP(s)” and “advance payment(s)” are used on an interchangeable basis. 

     

     

     

    	*	 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. 

     

    S-2 

   

  
   

  

  
   
    Supplemental Agreement 3 to 

    Purchase Agreement No. 3712 

     

    	 	7.	 This Supplemental Agreement No. 3 to the Purchase Agreement shall not be effective unless (i) executed and delivered by the parties on or prior to December 11, 2012 and (ii) Customer and Boeing execute and deliver Supplemental Agreement No. 22 to Purchase Agreement No. 3157 on or before December 11, 2012. 

     

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

					
	Its:	 	 Attorney-In-Fact
	 		 	Its:	 	 Vice President Aircraft Acquisition

     

    S-3 

   

  
   

  

  
   
    TABLE OF CONTENTS 

     

    					
	 	 	 	  	SA Number
	ARTICLES	  	
	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	  	3
	1-B	 	Exercised Option Aircraft Information Table	  	2
	1-B1	 	Exercised Block D Option Aircraft Table	  	2
	1-C	 	Exercised Purchase Right Aircraft Information Table	  	2
		
	EXHIBIT	  	
	A	 	Aircraft Configuration	  	2
	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	  		  	November 29, 2012
		  		  	SA - 3
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    							
	 	 	 	  	SA Number	 
	LETTER AGREEMENTS	  			
	 LA-1106151R1
	 	LA- [ * ] Special Matters – Option Aircraft	  	 	1	 
	 LA-1106152
	 	LA- [ * ] Special Matters – Firm Aircraft	  			
	 LA-1106153
	 	LA-Liquidated Damages Non-Excusable Delay	  			
	 LA-1106154R1
	 	LA-Firm Aircraft Delivery Matters	  	 	1	 
	 LA-1106155
	 	LA-Open Configuration Matters	  			
	 LA-1106156R1
	 	LA-Option Aircraft	  	 	1	 
	 LA-1106157
	 	AGTA Amended Articles	  			
	 LA-1106158R1
	 	LA- Purchase Right Aircraft	  	 	1	 
	 LA-1106159R1
	 	LA- Special Matters Concerning [ * ]	  	 	1	 
	 LA-1106160
	 	LA-Spare Parts Initial Provisioning	  			
	 LA-1106163
	 	LA-Demonstration Flight Waiver	  			
	 LA-1106177
	 	[ * ]	  			
	 LA-1106207R1
	 	LA-Special Matters Firm Aircraft	  	 	1	 
	 LA-1106208R1
	 	LA-Special Matters Option Aircraft	  	 	1	 
	 LA-1106574
	 	LA- Deviation from [ * ]	  			
	 LA-1106584R2
	 	LA- Performance Guarantees	  	 	3	 
	 LA-1106586
	 	LA-Miscellaneous Matters	  			
	 LA-1106614
	 	LA-Special Matters Purchase Right Aircraft	  			
	 LA-1106824
	 	LA-Customer Support Matters	  			
	 LA-1208292
	 	LA- [ * ] Special Matters – Block B and C Aircraft	  	 	1	 
	 LA-1208296
	 	LA-Special Matters Exercised Block D Option Aircraft	  	 	1	 
	 LA-1208949
	 	LA-Special Matters Block C Aircraft in Table 1-A1	  	 	1	 
	 6-1162-SCR-146 
	 	LA Special Provisions concerning Block B Aircraft	  	 	1	 

     

     

     

    	*	 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. 

     

    					
	FED-PA-03712	  		  	November 29, 2012
		  		  	SA - 3
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    			
	 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

     

    					
	FED-PA-03712	  		  	November 29, 2012
		  		  	SA - 3
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

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

     

     

     

    FED-PA-03712-LA-1106584R2 

    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 and Table 1-A1 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-1106584R1 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 [ * ] 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-1106574 entitled “Agreement for Deviation [ * ].” 

    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. 

     

     

    	*	 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. 

     

    					
	FED-PA-037112-LA-1106584R2	  		  	November 29, 2012
	Aircraft Performance Guarantees	  		  	Page 1
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
      

     

    Very truly yours, 

     

    			
	THE BOEING COMPANY
		
	By	 	 /s/ STUART C. ROSS

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
	
	Date: December 11, 2012
	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ PHILLIP C. BLUM

		
	Its	 	 Vice President Aircraft Acquisition

     

    					
	FED-PA-03712-LA-1106584R2	  		  	November 29, 2012
	Aircraft Performance Guarantees	  		  	Page 2
			
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    Attachment to Letter Agreement 

    No. FED-PA-03712-LA-1106584R2 

    CF6-80C2B6F Engines 

    Page 1 

     

    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

    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. 

     

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

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