Document:

EX-10.34

  
   
    Exhibit 10.34 

    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. 

    FEC 07-02255-032 

    Supplemental Agreement No. 25 

    to 

    Purchase Agreement No. 3157 

    between 

    The Boeing Company 

    And 

    Federal Express Corporation 

    Relating to Boeing Model 777-FREIGHTER Aircraft 

    THIS SUPPLEMENTAL AGREEMENT No. 25, entered into as of the 10th day of June 2016, by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 

    W I T N E S S E T H : 

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

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

     

    					
	 Existing Delivery
 Months of Option
 Aircraft
	 	 	  	 Revised Delivery
 Months of Option
 Aircraft

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

    C. WHEREAS, Boeing and Customer desire to acknowledge that one (1) Block B [*] Aircraft having a scheduled month of delivery of [*] in accordance with the terms of Letter Agreement 6-1162-RRO-1068, Special Provision – Block B Aircraft, due to the [*] provision therein as it relates to such Block B Aircraft. 

     

    	*	 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 25
	 	  	  
 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. 25. 

     

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

     

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

     

    	4.	 The Option Aircraft described in Recital Paragraph B are hereby rescheduled as set forth in Recital Paragraph B. Remove and replace, in its entirety, the Attachment to Letter Agreement 6-1162-RRO-1062, Option Aircraft, with a revised Attachment, attached hereto, to reflect such rescheduling of Option Aircraft. Boeing and Customer acknowledge and agree that the rescheduling of the Option Aircraft herein is not made pursuant to [*], and accordingly, for the avoidance of doubt [*]. Boeing and Customer further agree that the Option Aircraft described in Recital Paragraph B will retain the [*]. 

     

    	5.	 Boeing and Customer agree that as a result of the changes incorporated in this Supplemental Agreement No. 25, Customer [*]. 

     

    	6.	 This Supplemental Agreement No. 25 to the Purchase Agreement shall not be effective unless (i) executed and delivered by the parties on or prior to June 15, 2016 and (ii) Customer and Boeing execute and deliver Supplemental Agreement No. 8 to Purchase Agreement No. 3712 on or before June 15, 2016. 

     

    	*	 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-25
		  	  
 BOEING PROPRIETARY
	  	

   

  
   

  

  
   
    EXECUTED as of the day and year first above written. 

     

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

				
	Its:	  	Attorney-In-Fact	  	Its:	  	Vice President

     

     

    					
	P.A. No. 3157	  	3	  	SA-25
		  	  
 BOEING PROPRIETARY
	  	

   

  
   

  

  
   
    TABLE OF CONTENTS 

     

    							
	 ARTICLES
	  	SA
NUMBER	 
	 1.
	  	Quantity, Model and Description	  			
	 2.
	  	Delivery Schedule	  			
	 3.
	  	Price	  			
	 4.
	  	Payment	  			
	 5.
	  	Miscellaneous	  			
	
	 TABLE
	  

			
	 1.
	  	Aircraft Information Table	  	 	15	 
	 1A
	  	Block B Firm Aircraft Information Table	  	 	25	 
	 1B
	  	Block B Conditional Firm Aircraft Information Table	  	 	25	 
	 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	  	4	  	SA-25
		  	  
 BOEING PROPRIETARY
	  	

   

  
   

  

  
   
    							
	 LETTER AGREEMENT
	  	 	  	SA
NUMBER	 
	3157-01	  	777 Spare Parts Initial Provisioning	  			
	3157-02	  	Demonstration Flight Waiver	  			
	6-1162-RCN-1785	  	Demonstrated Compliance	  			
			
	6-1162-RCN-1789	  	Option Aircraft Attachment to Letter 6-1162-RCN-1789	  	 	Exercised in SA # 4	 
	6-1162-RCN-1790	  	Special Matters	  			
	6-1162-RCN-1791	  	Performance Guarantees	  	 	4	 
	6-1162-RCN-1792	  	Liquidated Damages Non-Excusable Delay	  			
	6-1162-RCN-1793	  	Open Configuration Matters	  			
	6-1162-RCN-1795	  	AGTA Amended Articles	  			
	6-1162-RCN-1796	  	777 First-Look Inspection Program	  			
	6-1162-RCN-1797	  	Licensing and Customer Supplemental Type Certificates	  			
	6-1162-RCN-1798	  	777 Boeing Converted Freighter	  	 	Deleted in SA # 4	 
			
	6-1162-RCN-1798 R1	  	777 Boeing Converted Freighter	  	 	4	 
	6-1162-RCN-1799R1	  	[*]	  	 	24	 
	6-1162-RRO-1062	  	Option Aircraft	  	 	4	 
		  	Attachment to Letter 6-1162-RRO-1062	  	 	25	 
	6-1162-RRO-1065	  	Performance Guarantees for Block B Aircraft	  	 	4	 
	6-1162-RRO-1066R1	  	Special Matters for Block B Aircraft	  	 	22	 
		  	Special Matters for Option Aircraft detailed in Letter Agreement 6-1162-RRO-1062	  	 	4	 
	6-1162-RRO-1068	  	Special Provision – Block B Aircraft	  	 	4	 
	FED-PA-LA-1000790R3	  	Special Matters for Block C Aircraft	  	 	20	 
	FED-PA-LA-1001683R2	  	Special Matters for Block D Aircraft	  	 	19	 
	6-1162-RRO-1144R7	  	[*] as related to SAs #8, #13 through #16, SA # 18 through SA #20	  	 	20	 
	6-1162-SCR-137	  	777F Miscellaneous Matters	  	 	20	 
	6-1162-SCR-154	  	[*] Letter	  	 	22	 
	6-1162-SCR-155	  	[*] Engine Hard Mount Letter	  	 	22	 

     

    	*	 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	  	5	  	SA-25
		  	  
 BOEING PROPRIETARY
	  	

   

  
   

  

  
   
    					
	 LETTER AGREEMENT (Con’t)
	  	 	  	 SA
NUMBER

	6-1162-SCR-186	  	[*], Non-Isolated Engine Mounts Letter	  	23
	6-1162-SCR-193	  	[*] Matters	  	23
	6-1162-LKJ-0726	  	[*] SA-24 Accelerated Block B Aircraft	  	24

     

    					
	 SUPPLEMENTAL AGREEMENTS
	 	 	  	 DATED AS OF:

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

     

    	*	 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-25
		  	  
 BOEING PROPRIETARY
	  	

   

  
   

  

  
   
    							
	 SUPPLEMENTAL AGREEMENTS (Con’t)
	 	 	  	DATED AS OF:	 
			
	Supplemental Agreement No. 19	 		  	 	October 27, 2011	 
			
	Supplemental Agreement No. 20	 		  	 	December 14, 2011	 
			
	Supplemental Agreement No. 21	 		  	 	June 29, 2012	 
			
	Supplemental Agreement No. 22	 		  	 	December 11, 2012	 
			
	Supplemental Agreement No. 23	 		  	 	December 10, 2013	 
			
	Supplemental Agreement No. 24	 		  	 	May 4, 2016	 
			
	Supplemental Agreement No. 25	 		  	 	, 2016	 

     

    	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. No. 3157	  	7	  	SA-25
		  	  
 BOEING PROPRIETARYEX-10.35

  
   
    Exhibit 10.35 

    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. 

    FedEx contract 07-0255-034 

    Supplemental Agreement No. 26 

    to 

    Purchase Agreement No. 3157 

    between 

    The Boeing Company 

    And 

    Federal Express Corporation 

    Relating to Boeing Model 777-FREIGHTER Aircraft 

    THIS SUPPLEMENTAL AGREEMENT No. 26 (SA-26), entered into as of the 10th day of February 2017, by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 

    W I T N E S S E T H: 

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

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

     

    					
	 Aircraft Block
	  	 Existing Delivery
 Month of
 Aircraft
	  	 Revised Delivery
 Month of
 Aircraft

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

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

     

    			
	 Existing Delivery
 Months of Option
 Aircraft
	  	 Revised Delivery
 Months of Option
 Aircraft

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

     

    	*	 Blank spaces contained confidential information 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-26
		  		  	
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    D. WHEREAS, Boeing and Customer desire to acknowledge that one (1) Block B [*] Aircraft having a scheduled month of delivery of [*] in accordance with the terms of Letter Agreement 6-1162-RRO-1068, Special Provision – Block B Aircraft, due to the [*] provision therein as it relates to such Block B Aircraft. 

    E. WHEREAS, Boeing has agreed to provide additional commercial and business considerations for the SA-26 Accelerated Block C Aircraft. 

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

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

     

    	1.	 Remove and replace, in its entirety, the “Table of Contents” with the revised Table of Contents, attached hereto, to reflect the changes made by this Supplemental Agreement No. 26. 

     

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

     

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

     

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

     

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

     

    	*	 Blank spaces contained confidential information 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-26
		  		  	
		  	BOEING PROPRIETARY	  	

   

  
   

  

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

     

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

     

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

     

    	*	 Blank spaces contained confidential information 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-26
		  		  	
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    EXECUTED as of the day and year first above written. 

     

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

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

     

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

   

  
   

  

  
   
    TABLE OF CONTENTS 

     

    									
	 ARTICLES
	  	SA
NUMBER	 
				
	     
	 	1.	 	Quantity, Model and Description	  			
		 	2.	 	Delivery Schedule	  			
		 	3.	 	Price	  			
		 	4.	 	Payment	  			
		 	5.	 	Miscellaneous	  			
		
	 TABLE
	  	 	 
				
		 	1.	 	Aircraft Information Table	  	 	15	 
		 	1A	 	Block B Firm Aircraft Information Table	  	 	26	 
		 	1B	 	Block B Conditional Firm Aircraft Information Table	  	 	26	 
		 	1C	 	Block C Aircraft Information Table	  	 	13	 
		 	1C1	 	Block C Aircraft Information Table (MSN 39285)	  	 	11	 
		 	1C2	 	Block C Aircraft Information Table	  	 	26	 
		 	1D	 	Block D Aircraft Information Table	  	 	20	 
		
	 EXHIBIT
	  	 	 
				
		 	A.	 	Aircraft Configuration	  	 	4	 
		 	A1.	 	Aircraft Configuration (Block B Aircraft)	  	 	4	 
		 	A2.	 	Aircraft Configuration (Block C Aircraft except MSN 39285)	  	 	11	 
		 	A3.	 	Aircraft Configuration (Block C Aircraft w/ MSN 39285)	  	 	11	 
		 	A4.	 	Aircraft Configuration (Block D Aircraft)	  	 	12	 
				
		 	B.	 	Aircraft Delivery Requirements and Responsibilities	  			
		
	 SUPPLEMENTAL EXHIBITS
	  	 	 
				
		 	AE1.	 	Escalation Adjustment/Airframe and Optional Features	  			
		 	CS1.	 	Customer Support Variables	  			
		 	EE1.	 	Engine Escalation/Engine Warranty and Patent Indemnity	  			
		 	SLP1.	 	Service Life Policy Components	  			

     

    					
	P.A. No. 3157	  	5	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    					
	 LETTER AGREEMENT
	 	 	  	 SA
NUMBER

			
	 3157-01
	 	777 Spare Parts Initial Provisioning	  	
	 3157-02
	 	Demonstration Flight Waiver	  	
	 6-1162-RCN-1785
	 	Demonstrated Compliance	  	
	 6-1162-RCN-1789
	 	Option Aircraft Attachment to Letter 6-1162-RCN-1789	  	Exercised in SA # 4
	 6-1162-RCN-1790
	 	Special Matters	  	
	 6-1162-RCN-1791
	 	Performance Guarantees	  	4
	 6-1162-RCN-1792
	 	Liquidated Damages Non-Excusable Delay	  	
	 6-1162-RCN-1793
	 	Open Configuration Matters	  	
	 6-1162-RCN-1795
	 	AGTA Amended Articles	  	
	 6-1162-RCN-1796
	 	777 First-Look Inspection Program	  	
	 6-1162-RCN-1797
	 	Licensing and Customer Supplemental Type Certificates	  	
	 6-1162-RCN-1798
	 	777 Boeing Converted Freighter	  	Deleted in SA # 4
	 6-1162-RCN-1798 R1
	 	777 Boeing Converted Freighter	  	4
	 6-1162-RCN-1799R1
	 	[*]	  	24
	 6-1162-RRO-1062 
	 	 Option Aircraft
 Attachment to Letter 6-1162-RRO-1062
	  	26
	 6-1162-RRO-1065
	 	Performance Guarantees for Block B Aircraft	  	4
	 6-1162-RRO-1066R1
	 	Special Matters for Block B Aircraft	  	22
	 6-1162-RRO-1067
	 	Special Matters for Option Aircraft detailed in Letter Agreement 6-1162-RRO-1062	  	4
	 6-1162-RRO-1068
	 	Special Provision – Block B Aircraft	  	4
	 FED-PA-LA-1000790R3
	 	Special Matters for Block C Aircraft	  	20
	 FED-PA-LA-1001683R2
	 	Special Matters for Block D Aircraft	  	19
	 6-1162-RRO-1144R7
	 	[*] as related to SAs #8, #13 through #16, SA # 18 through SA #20	  	20
	 6-1162-SCR-137
	 	777F Miscellaneous Matters	  	20
	 6-1162-SCR-154
	 	[*] Letter	  	22
	 6-1162-SCR-155
	 	[*] Engine Hard Mount Letter	  	22
	 6-1162-SCR-186
	 	[*], Non-Isolated Engine Mounts Letter	  	23
	 6-1162-SCR-193
	 	[*] Matters	  	23

     

     

     

    	*	 Blank spaces contained confidential information 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-26
		  		  	
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    					
	 LETTER AGREEMENT
	 	 	  	 SA
NUMBER

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

     

    	*	 Blank spaces contained confidential information 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	  	7	  	SA-26
		  		  	
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
    			
	 	  	SA          
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

		
	Supplemental Agreement No. 1	  	May 12, 2008
		
	Supplemental Agreement No. 2	  	July 14, 2008
		
	Supplemental Agreement No. 3	  	December 15, 2008
		
	Supplemental Agreement No. 4	  	January 9, 2009
		
	Supplemental Agreement No. 5	  	January 11, 2010
		
	Supplemental Agreement No. 6	  	March 17, 2010
		
	Supplemental Agreement No. 7	  	March 17, 2010
		
	Supplemental Agreement No. 8	  	April 30, 2010
		
	Supplemental Agreement No. 9	  	June 18, 2010
		
	Supplemental Agreement No. 10	  	June 18, 2010
		
	Supplemental Agreement No. 11	  	August 19, 2010
		
	Supplemental Agreement No. 12	  	September 3, 2010
		
	Supplemental Agreement No. 13	  	August 27, 2010
		
	Supplemental Agreement No. 14	  	October 25, 2010
		
	Supplemental Agreement No. 15	  	October 29, 2010
		
	Supplemental Agreement No. 16	  	January 31, 2011
		
	Supplemental Agreement No. 17	  	February 14, 211
		
	Supplemental Agreement No. 18	  	March 31, 2011
		
	Supplemental Agreement No. 19	  	October 27, 2011
		
	Supplemental Agreement No. 20	  	December 14, 2011
		
	Supplemental Agreement No. 21	  	June 29, 2012
		
	Supplemental Agreement No. 22	  	December 11, 2012
		
	Supplemental Agreement No. 23	  	December 10, 2013
		
	Supplemental Agreement No. 24	  	May 4, 2016
		
	Supplemental Agreement No. 25	  	June 10, 2016
		
	Supplemental Agreement No. 26	  	February 10, 2017

     

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

   

  
   

  

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

     

     

    FedEx contract # 07-0255-034 

    6-1162-LKJ-0737 

    Federal Express Corporation 

    3131 Democrat Road 

    Memphis, TN 38125 

     

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

    This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. The terms of this Letter Agreement apply to the SA-26 Accelerated Block C Aircraft as defined in Supplemental Agreement No. 26 to the Purchase Agreement (SA-26). 

    1. In consideration of the acceleration of the SA-26 Accelerated Block C Aircraft, Boeing will provide, in addition to the provisions of the reference (b) letter agreement, the following business considerations. 

    1.1 [*] 

    [*] 

    1.2 [*] ADVANCE PAYMENTS. 

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

    [*] 

    1.2.2 [*] 

    1.3 [*] 

    [*] 

     

    	*	 Blank spaces contained confidential information 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. 

     

    			
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	Special Matters – SA-26 Accelerated Block C Aircraft	  	SA-26

    BOEING PROPRIETARY 

   

  
   

  

  
   
      

     

    1.4 BUYER FURNISHED EQUIPMENT MATTERS. 

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

    [*] 

     

    	2.	 ADVANCE PAYMENT SETOFF RIGHTS. 

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

     

    	3.	 ASSIGNMENT. 

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

     

    	4.	 CONFIDENTIAL TREATMENT. 

    Customer and Boeing consider certain commercial and financial information contained in this Letter Agreement as confidential. Each of Customer and Boeing agree that it will treat this Letter Agreement and the information contained herein as confidential. Customer agrees to limit the disclosure of the contents of this Letter Agreement to employees of Customer with a need to know and who understand that they are not to disclose its content to any other person or entity without the prior written consent of Boeing. Notwithstanding the forgoing, Customer may disclose this Letter Agreement and the terms and conditions herein to its parent company, FedEx Corporation, to the Board of Directors of its parent corporation, FedEx Corporation, to its professional advisors under a duty of confidentiality with respect hereto, and as required by law. 

     

    	*	 Blank spaces contained confidential information 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. 

     

    			
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    BOEING PROPRIETARY 

   

  
   

  

  
   
      

     

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

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	 February 10, 2017

	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Phillip C. Blum

		
	Its	 	 VP Aircraft Acquisitions & Planning and Performance

     

     

    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. 

     

    			
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    BOEING PROPRIETARY

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