Document:

EX-10.7

 Exhibit 10.7 

FedEx Contract # 
 Supplemental
Agreement No. 11 
 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 June 18, 2018 by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS
CORPORATION (Customer); 
 W I T N E S S E T H: 

A. WHEREAS, the parties entered into Purchase Agreement No. 3712, dated December 14, 2011 (Purchase Agreement), relating to the
purchase and sale of certain Boeing Model 767-3S2F Aircraft (the Aircraft); and 
 B. WHEREAS,
Customer desires to add six (6) incremental Aircraft to the Purchase Agreement, such Aircraft to be designated as either Block B or Block C Aircraft, with delivery dates as follows: 

 

			
	 Delivery Month & Year

of new Aircraft
  
	  	Block
	 	 
	
[*]
  
	  	 Block C

 

	 	 
	  

[*]
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block B

 

 C. WHEREAS, Customer desires to reschedule the delivery month of one (1) Aircraft as set forth in the
table below: 

  
  

					
		  	BOEING PROPRIETARY	  	
		  	SA11–1	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Supplemental Agreement No.11 to 

Purchase Agreement No. 3712 
  

							
	 Current

Delivery Month
 &
Year
	  	
Revised
 Delivery
Month
 & Year
	  	Block	  	
Table

Reference

	 	 	 	 
	
[*]
  
	  	 [*]

 
	  	 Block E

 
	  	 Table 1-A2
  

 D. WHEREAS, Customer desires to exercise six (6) Option Aircraft, which shall be designated as Block C
Aircraft, with delivery months as set forth in the table below (SA-11 Option Exercise Aircraft): 
  

			
	 Delivery Month &

Year for Exercised
 Option
Aircraft
	  	Block
	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

	 	 
	
[*]
  
	  	 Block C

 

 E. WHEREAS, Customer desires to add six (6) Option Aircraft to the Purchase Agreement, hereinafter
referred to as Option Aircraft, with delivery months as set forth in the table below: 
  

			
	 Delivery Month &

Year for Option

Aircraft
	  	Block
	 	 
	
[*]
  
	  	 Option Aircraft

 

	 	 
	
[*]
  
	  	 Option Aircraft

 

	 	 
	
[*]
  
	  	 Option Aircraft

 

	 	 
	
[*]
  
	  	 Option Aircraft

 

	 	 
	
[*]
  
	  	 Option Aircraft

 

	 	 
	
[*]
  
	  	 Option Aircraft

 

 F. WHEREAS, Customer desires to cancel six (6) Purchase Rights from the Purchase Agreement. 

  
 BOEING PROPRIETARY

 SA11-2 
  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Supplemental Agreement No.11 to 

Purchase Agreement No. 3712 
  

 G. WHEREAS, Boeing desires to provide an additional business consideration to Customer. 

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. 11. 

  

	2.	 Boeing and Customer acknowledge and agree that upon execution of this Supplemental Agreement No. 11 and
upon fulfillment of the conditions described in Article 16 below, (i) five (5) of the Aircraft described in Recital Paragraph B above are hereby added to the Purchase Agreement and are considered by the parties as “Block C Aircraft”
and will be deemed “Aircraft” for all purposes under the Purchase Agreement except as otherwise described herein, (ii) one (1) of the Aircraft described in Recital Paragraph B above is hereby added to the Purchase Agreement as a
conditional firm aircraft and is considered by the parties as a “Block B Aircraft” for all purposes under the Purchase Agreement except as otherwise described herein, (iii) the one (1) Aircraft described in Recital Paragraph C
above is hereby rescheduled as described herein, (iv) the six (6) Option Aircraft exercised as firm Aircraft described in Recital Paragraph D above are hereby added to the Purchase Agreement and are considered by the parties as “Block
C Aircraft” and will be deemed “Aircraft” for all purposes under the Purchase Agreement except as otherwise described herein, (v) the six (6) Option Aircraft described in Recital Paragraph E above are hereby added to the
Purchase Agreement as “Option Aircraft” as described herein and will be deemed such for all purposes under the Purchase Agreement except as otherwise described herein, and (vi) six (6) Purchase Rights are hereby cancelled from the
Purchase Agreement decreasing the total quantity of Purchase Rights to thirty-eight (38). 

  

	3.	 Revise and replace in its entirety, Table 1-A1 with a revised Table 1-A1, attached hereto, to add to the Purchase Agreement the six (6) Aircraft described in Recital Paragraph B above. 

  
 BOEING PROPRIETARY

 SA11-3 

 Supplemental Agreement No.11 to 

Purchase Agreement No. 3712 
  

	4.	 Revise and replace in its entirety, Table 1-A2 with a revised Table 1-A2, attached hereto, to reschedule the delivery month of one (1) Aircraft as identified in Recital Paragraph C above with a Table 1-A2 table reference.

  

	5.	 Revise and replace in its entirety, Table 1-B with a revised Table 1-B, attached hereto, to add the six (6) Aircraft described in Recital Paragraph D above to Table 1-B. 

 

	6.	 Revise and replace in its entirety Attachment 1 to Letter Agreement FED-PA-03712-LA-1106156R2, Option Aircraft, attached hereto, to reflect (i) the deletion of the Option Aircraft
referred to in Recital Paragraph D above, and (ii) the addition of the Option Aircraft described in Recital Paragraph E above. 

  

	7.	 Revise and replace in its entirety Attachment 3 to Letter Agreement FED-PA-03712-LA-1106156R2, Option Aircraft, attached hereto, to reflect the exercise of the Option Aircraft described in
Recital Paragraph D above. 

  

	8.	 Revise and replace in its entirety Attachment 4 to Letter Agreement FED-PA-03712-LA-1106156R2, Option Aircraft, attached hereto, to reflect (i) the addition of the six (6) Block C
Aircraft described in Recital Paragraph B above, (ii) the reschedule of the Aircraft described in Recital Paragraph C above, (iii) the exercise of the Option Aircraft described in Recital Paragraph D above and (iv) the addition of the
Option Aircraft described in Recital Paragraph E above. 

  

	9.	 Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106158R3, Right to Purchase Additional Aircraft, with Letter Agreement FED-PA-03712-LA-1106158R4, Right to Purchase Additional Aircraft, attached hereto, to reflect the cancellation of six
(6) Purchase Rights as described in Recital Paragraph G above, resulting in a revised quantity of thirty-eight (38) Purchase Rights. 

  

	10.	 Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1106614R2, Special Matters for Purchase Right Aircraft, with Letter Agreement FED-PA-03712-LA-1106614R3, Special Matters for Purchase Right Aircraft, attached hereto,
to reflect the letter agreement revision described in Paragraph 9 above. 

  

	11.	 Revise and replace in its entirety Letter Agreement FED-PA-03712-LA-1208949, Special Matters for Block C Aircraft in Table 1-A1, with
Letter Agreement FED-PA-03712-LA-1208949R1, Special Matters for Aircraft in Table 1-A1, attached hereto, to revise the applicability of the letter agreement to include the Block B Aircraft described in Recital Paragraph B above. 

  
 BOEING PROPRIETARY

 SA11-4 

 Supplemental Agreement No.11 to 

Purchase Agreement No. 3712 
  

	12.	 Revise and replace in its entirety Letter Agreement 6-1162-SCR146R1,
Special Provision – Block B and Block G Aircraft, with Letter Agreement 6-1162-SCR146R2, Special Provision – Block B and Block G Aircraft, attached hereto, to revise the applicability
of the letter agreement to include the Block B Aircraft described in Recital Paragraph B above. 

  

	13.	 Add Letter Agreement 6-1169-LKJ-0773, Special Matters – SA-11, attached hereto, to provide additional business considerations to Customer. 

 

	14.	 For the sake of clarity, the parties confirm and agree that the (i) five (5) Block C Aircraft and one
(1) Block B Aircraft described in Recital Paragraph B above added herein and (ii) six (6) Block C Aircraft described in Recital Paragraph D above added herein shall be subject to Letter Agreement FED-PA-03712-LA-1106159R1, Special Matters Concerning [*] and Letter Agreement FED-PA-03712-LA-1106584R4, Aircraft Performance Guarantees. 

 

	15.	 As a result of the changes incorporated in this Supplemental Agreement No. 11, Customer will [*]
applicable to each of the six (6) Aircraft described in Recital Paragraph B above and added to the Purchase Agreement pursuant to this Supplemental Agreement No. 11, (ii) [*] applicable to each of the six (6) Block C Aircraft
described in Recital Paragraph D above and added to the Purchase Agreement pursuant to this Supplemental Agreement No. 11 and (iii) an Option Deposit [*] for each of the six (6) Option Aircraft described in Recital Paragraph E above
and added to the Purchase Agreement pursuant to this Supplemental Agreement No. 11 and (iv) [*] applicable to the Aircraft described in Recital Paragraph C above as a result of the reschedule of such Aircraft. The foregoing results in an [*] (SA-11 Payment Amount). For clarity, the terms “pre-delivery payment (s)”, “PDP (s)” and “advance payment (s)” are used on an
interchangeable basis. [*]. 

  

	16.	 This Supplemental Agreement No. 11 to the Purchase Agreement shall not be effective until
(i) executed and delivered by the parties on or prior to June 26, 2018, and (ii) Customer and Boeing execute and deliver Supplemental Agreement No. 30 to Purchase Agreement No. 3157 on or prior to June 26, 2018. 

  
 BOEING PROPRIETARY

 SA11-5 
  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Supplemental Agreement No.11 to 

Purchase Agreement No. 3712 
  

 EXECUTED as of the day and year first above written. 

 

									
	THE BOEING COMPANY	 		 	
					
	By:	 	 /s/ L. Kirsten Jensen
	 		 		 	
					
	Its:	 	 Attorney-In-Fact
	 		 		 	
				
	FEDERAL EXPRESS CORPORATION	 		 		 	
					
	By:	 	 /s/ Phillip C. Blum
	 		 		 	
					
	Its:	 	 Vice President Aircraft Acquisition
	 		 		 	

  
 BOEING PROPRIETARY

 SA11-6 

 TABLE OF CONTENTS 
  

							
	ARTICLES 	  	 SA
Number
	 
			
	 1
	  	Quantity, Model and Description	  			
	 2
	  	Delivery Schedule	  			
	 3
	  	Price	  			
	 4
	  	Payment	  			
	 5
	  	Additional Terms	  			
		
	TABLES	  	 	 
			
	 1-A
	  	Firm Aircraft Information Table	  	 	10	 
	 1-A1
	  	Block B and Block C Aircraft Information Table	  	 	11	 
	 1-A2
	  	Block E, Block F and Block G Aircraft Information Table	  	 	11	 
	 1-B
	  	Exercised Option Aircraft Information Table	  	 	11	 
	 1-B1
	  	Exercised Block D Option Aircraft Information Table	  	 	2	 
	 1-C
	  	Exercised Purchase Right Aircraft Information Table	  	 	2	 
		
	 EXHIBIT
	  	 	 
			
	 A
	  	Aircraft Configuration	  	 	4	 
	 B
	  	Aircraft Delivery Requirements and Responsibilities	  			
		
	 SUPPLEMENTAL EXHIBITS
	  	 	 
			
	 AE1
	  	Escalation Adjustment/Airframe and Optional Features	  			
	 BFE1
	  	BFE Variables	  	 	2	 
	 CS1
	  	Customer Support Variables	  			
	 EE1
	  	Engine Escalation, Engine Warranty and Patent Indemnity	  			
	 SLP1
	  	Service Life Policy Components	  			

  
  

					
	FED-PA-03712	  		  	SA–11
			
		  	BOEING PROPRIETARY	  	

					
	 LETTER AGREEMENTS
	  	 SA

Number

			
	 LA-1106151R2
	  	 LA-Special Matters Concerning [*] –
Option
	  	
		  	 Aircraft and Certain Purchase Right Aircraft
	  	6
			
	 LA-1106152
	  	 LA-Special Matters Concerning [*] – Firm
Aircraft
	  	
			
	 LA-1106153
	  	 LA-Liquidated Damages
Non-Excusable Delay
	  	
			
	 LA-1106154R2
	  	 LA-Firm Aircraft and Option Aircraft Delivery
Matters
	  	6
			
	 LA-1106155
	  	 LA-Open Configuration Matters
	  	
			
	 LA-1106156R2
	  	 LA-Option Aircraft
	  	6
			
		  	 Attachment 1 to LA-1106156R2
	  	11
			
		  	 Attachment 2 to LA-1106156R2
	  	6
			
		  	 Attachment 3 to LA-1106156R2
	  	11
			
		  	 Attachment 4 to LA-1106156R2
	  	11
			
	 LA-1106157
	  	 AGTA Amended Articles
	  	
			
	 LA-1106158R4 
	  	 LA-Right to Purchase Additional Aircraft
	  	11
			
	 LA-1106159R1
	  	 LA-Special Matters Concerning [*]
	  	1
			
	 LA-1106160
	  	 LA-Spare Parts Initial Provisioning
	  	
			
	 LA-1106163
	  	 LA-Demonstration Flight Waiver
	  	
			
	 LA-1106177R1
	  	 LA-[*]
	  	6
			
	 LA-1106207R1
	  	 LA-Special Matters Firm Aircraft
	  	1
			
	 LA-1106208R1
	  	 LA-Special Matters Option Aircraft
	  	1
			
	 LA-1106574R1
	  	 LA-Agreement for Deviation from the [*]
	  	6
			
	 LA-1106584R4
	  	 LA-Aircraft Performance Guarantees
	  	6
			
	 LA-1106586
	  	 LA-Miscellaneous Matters
	  	
			
	 LA-1106614R3 
	  	 LA-Special Matters for Purchase Right Aircraft
	  	11
			
	 LA-1106824
	  	 LA-Customer Support Matters
	  	
			
	 LA-1208292R2
	  	 LA-Special Matters Concerning Escalation – Block
B, Block C, Block E,
	  	
		  	 Block F and Block G Aircraft
	  	6
			
	 LA-1208296R1
	  	 LA-Special Matters for Block D Option Aircraft
	  	6
			
	 LA-1208949R1 
	  	 LA-Special Matters for Aircraft in Table 1-A1

	  	11
			
	 6-1162-SCR-146R2 
	  	 LA Special Provision — Block B and Block G Aircraft
	  	11
			
	 LA-1306854R1
	  	 Performance Guarantees, Demonstrated Compliance
	  	6
			
	 6-1162-LKJ-0696R6
	  	 LA-[*]
	  	6
			
	 6-1162-LKJ-0705
	  	 LA-Special Matters for Block E, Block F and Block G
Aircraft in Table 1-A2
	  	
			
	 6-1162-LKJ-0707
	  	 LA- Agreement Regarding [*]
	  	6

  
  

					
	FED-PA-03712	  		  	SA–11
			
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

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

  
  

					
	FED-PA-03712	  		  	SA–11
			
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

		
	 Supplemental Agreement No. 1
	  	 June 29, 2012

		
	 Supplemental Agreement No. 2
	  	 October 8, 2012

		
	 Supplemental Agreement No. 3
	  	 December 11, 2012

		
	 Supplemental Agreement No. 4
	  	 December 10, 2013

		
	 Supplemental Agreement No. 5
	  	 September 29, 2014

		
	 Supplemental Agreement No. 6
	  	 July 21, 2015

		
	 Supplemental Agreement No. 7
	  	 April 18, 2016

		
	 Supplemental Agreement No. 8
	  	 June 10, 2016

		
	 Supplemental Agreement No. 9 
	  	 February 16, 2017

		
	 Supplemental Agreement No. 10
	  	 May 10, 2017

		
	 Supplemental Agreement No. 11 
	  	 June     , 2018

  
  

					
	FED-PA-03712	  		  	SA–11
			
		  	BOEING PROPRIETARY	  	

 Table 1-A1 to PA 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block B and Block C Incremental Aircraft 
  

													
	Airframe Model/MTOW:	 	767-300F	 	408,000 pounds	  	Detail Specification: D019T002-K dated April 30, 2011	 	
	Engine Model/Thrust:	 	CF6-80C2B6F	 	60,200 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 		 	ECI-MFG/CPI
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	[*]	 		 	GE CF6-80 & GE90(99 rev.)
	Optional Features:	 	[*]	  		 		 		 	
	 Sub-Total of Airframe and
Features:
	 	[*]	  	Airframe Escalation Data:	 		 		 	
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 		 	[*]	 	
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 		 	[*]	 	
		 		  		 		 		 	
	 Buyer Furnished Equipment (BFE) Estimate:
	 	[*]	  	Engine Escalation Data:	 		 		 	
		 		  		 		 		 	
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  	Base Year Index (CPI):	 		 	[*]	 	
	Deposit per Aircraft:	 	[*]	  		 		 		 	

  

																					
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	  	Number of 	  	Escalation
Factor	  	Escalation
Factor	  	 	  	 	  	Escalation Estimate
Adv Payment Base	  	 At Signing
	  	24 Mos.	  	21/18/12/9/6 Mos.	  	Total
	 Date
	  	 Aircraft
	  	 (Airframe)
	  	 (Engine)
	  	 Block
	  	 MSN
	  	 Price Per A/P
	  	 1%
	  	 4%
	  	 5%
	  	 30%

	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43544	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	44377	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	44378	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43542	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43543	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	44379	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	44380	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43545	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43546	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43547	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43548	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	42721	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	42722	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	61206	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  	43538	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]

  

					
		  	
		  		  	Supplemental Agreement No. 11
	FED-PA-03712 62134, 87796, 105239, 108705.TXT	  	Boeing Proprietary	  	Page 1

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Table 1-A1 to PA 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block B and Block C Incremental Aircraft 
  

																					
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	  	Number of 	  	Escalation
Factor	  	Escalation
Factor	  	 	  	 	  	Escalation Estimate
Adv Payment Base	  	 At Signing
	  	24 Mos.	  	21/18/12/9/6 Mos.	  	Total
	 Date
	  	 Aircraft
	  	 (Airframe)
	  	 (Engine)
	  	 Block
	  	 MSN
	  	 Price Per A/P
	  	 1%
	  	 4%
	  	 5%
	  	 30%

	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block B 	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 Total:
	  	25	  		  		  		  		  		  		  		  		  	

  

					
		  	
		  		  	Supplemental Agreement No. 11
	FED-PA-03712 62134, 87796, 105239, 108705.TXT	  	Boeing Proprietary	  	Page 2

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Table 1-A2 To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block E, Block F and Block G Aircraft 
  

											
	Airframe Model/MTOW:	 	767-300F	 	408,000 pounds	  	 Detail Specification: D019T002FED63F-1, Rev D dated March 26,
2015

						
	Engine Model/Thrust:	 	CF6-80C2B6F	 	60,200 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	[*]	 	GE CF6-80 & GE90 (99 rev.)
					
	Optional Features:	 	[*]	  		 		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  	Engine Escalation Data:	 		 	
					
	Seller Purchased Equipment (SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
					
	Deposit per Aircraft:	 	[*]	  		 		 	

  
  

																			
	 	 	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to Delivery):

	 	 	 Number of

Aircraft
	 	 Escalation

Factor

(Airframe)
	 	 Escalation

Factor

(Engine)
	 	 Block
	 	
Escalation Estimate
Adv Payment Base

Price Per A/P
	 	 At Signing

1%
	 	 24 Mos.

4%
	 	 21/18/12/9/6 Mos.

5%
	 	 Total

30%

	 Delivery
Date

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

  

					
		  	
		  		  	SA-11
	FED-PA-03712 73706, 105237, 108705	  	Boeing Proprietary	  	Page 1

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Table 1-A2 To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block E, Block F and Block G Aircraft 
  

																			
	 	  	 	  	 	  	 	  	 	  	 	  	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	  	Number of 	  	Escalation
Factor	  	Escalation
Factor	  	 	  	Escalation Estimate
Adv Payment Base	  	 At Signing
	  	24 Mos.	  	21/18/12/9/6 Mos.	  	Total
	 Date
	  	 Aircraft
	  	 (Airframe)
	  	 (Engine)
	  	 Block
	  	 Price Per A/P
	  	 1%
	  	 4%
	  	 5%
	  	 30%

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

  

					
		  		  	SA-11
	FED-PA-03712 73706, 105237, 108705	  	Boeing Proprietary	  	Page 2

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Table 1-A2 To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Block E, Block F and Block G Aircraft 
  

																			
	 	  	 	  	 	  	 	  	 	  	 	  	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	  	Number of 	  	Escalation
Factor	  	Escalation
Factor	  	 	  	Escalation Estimate
Adv Payment Base	  	 At Signing
	  	24 Mos.	  	21/18/12/9/6 Mos.	  	Total
	 Date
	  	 Aircraft
	  	 (Airframe)
	  	 (Engine)
	  	 Block
	  	 Price Per A/P
	  	 1%
	  	 4%
	  	 5%
	  	 30%

	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block E	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block F	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block G	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block G	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block G	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block G	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	Total:	  	50	  		  		  		  		  		  		  		  	

  

					
		  	
		  		  	SA-11
	FED-PA-03712 73706, 105237, 108705	  	Boeing Proprietary	  	Page 3

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Table 1-B To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Exercised Option Aircraft 
  

											
	Airframe Model/MTOW:	 	767-300F	 	408,000 pounds	  	 Detail Specification: D019T002FED63F-1, Rev D dated March 26,
2015

						
	Engine Model/Thrust:	 	CF6-80C2B6F	 	60,200 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	[*]	 	GE CF6-80 & GE90 (99 rev.)
					
	Optional Features:	 	[*]	  		 		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  	Engine Escalation Data:	 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
					
	Deposit per Aircraft:	 	[*]	  		 		 	

  

																					
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	  	Number of	  	Escalation
Factor	  	Escalation
Factor	  	 	  	 	  	Escalation Estimate
Adv Payment Base	  	At Signing	  	24 Mos.	  	21/18/12/9/6 Mos.	  	Total
	 Date
	  	 Aircraft
	  	 (Airframe)
	  	 (Engine)
	  	 Block
	  	 MSN
	  	 Price Per A/P
	  	 1%
	  	 4%
	  	 5%
	  	 30%

	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  	61205	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  	43549	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  	43551	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block B 1	  	43630	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  	43552	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block B 1	  	43631	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block B 1	  	43632	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  	43553	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  	43554	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block B 1	  	43633	  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]

  

					
		  	
		  		  	Supplemental Agreement No. 11
	FED-PA-03712 57361,87796,105239,108571,108705	  	Boeing Proprietary	  	Page 1

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Table 1-B To 

Purchase Agreement No. 3712 

Aircraft Delivery, Description, Price and Advance Payments 

Exercised Option Aircraft 
  

																					
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	  	Number of	  	Escalation
Factor	  	Escalation
Factor	  	 	  	 	  	Escalation Estimate
Adv Payment Base	  	 At Signing
	  	24 Mos.	  	21/18/12/9/6 Mos.	  	Total
	 Date
	  	 Aircraft
	  	 (Airframe)
	  	 (Engine)
	  	 Block
	  	 MSN
	  	 Price Per A/P
	  	 1%
	  	 4%
	  	 5%
	  	 30%

	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	[*]	  	1	  	[*]	  	[*]	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	 [*]
	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
	 [*]
	  	1	  	[*]	  	 [*]
	  	Block C	  		  	[*]	  	[*]	  	[*]	  	[*]	  	[*]
		  	22	  		  		  		  		  		  		  		  		  	

  

	1 	 The Determination Date has passed and the special provision pursuant to Letter Agreement 6-1162-SCR-146R1, Special Provision - Block B and Block G Aircraft, has expired. 

  

					
		  	
		  		  	Supplemental Agreement No. 11
	FED-PA-03712 57361,87796,105239,108571,108705	  	Boeing Proprietary	  	Page 2

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Attachment 1 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 
 Option Aircraft Delivery, Description, Price and
Advance Payments 
  

											
	Airframe Model/MTOW:	 	767-300F	 	408,000 pounds	  	 Detail Specification: D019T002FED63F-1, Rev D dated
March 26, 2015

						
	Engine Model/Thrust:	 	CF6-80C2B6F	 	60,200 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	[*]	 	GE CF6-80 & GE90 (99 rev.)
					
	Optional Features:	 	[*]	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  	Engine Escalation Data:	 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
					
	Deposit per Aircraft:	 	[*]	  		 		 	

  
  

																			
	 	 	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to Delivery):

	Delivery	 	Number 	 	 Escalation

Factor
	 	 Escalation

Factor
	 	 	 	 Escalation Estimate

Adv Payment Base
	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	 Date
	 	 of Aircraft
	 	 (Airframe)
	 	 (Engine)
	 	  
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 30%

	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]

  

					
		  	
		  		  	 Supplemental Agreement No.11

Attachment 1, Revised June 2018

Page 1

	 FED-PA-03712-LA-1106156R2
 73706, 88398-1O,
108764.
	  	Boeing Proprietary

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Attachment 1 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 
 Option Aircraft Delivery, Description, Price and
Advance Payments 
  

																			
	 	 	 	 	 	 	 	 	 	 	 	 	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	Delivery	 	Number 	 	 Escalation

Factor
	 	 Escalation

Factor
	 	 	 	 Escalation Estimate

Adv Payment Base
	 	At Signing	 	24 Mos.	 	21/18/12/9/6 Mos.	 	Total
	 Date
	 	 of Aircraft
	 	 (Airframe)
	 	 (Engine)
	 	  
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 30%

	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 Total:
	 	35	 		 		 		 		 		 		 		 	

  

					
		  	
		  		  	 Supplemental Agreement No.11

Attachment 1, Revised June 2018

Page 2

	 FED-PA-03712-LA-1106156R2
 73706, 88398-1O,
108764.
	  	Boeing Proprietary

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 Attachment 3 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 
 [*] 

[*] 
 Notes: 

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

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

        (iii) [*] 
 [*]

  

					
	FED-PA-03712-LA-1106156R2	  	SA-11
	Option Aircraft, Attachment 3, Revised June 2018	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

	

 Attachment 4 to 

Letter Agreement No. FED-PA-03712-LA-1106156R2 
 Firm Aircraft and Option Aircraft Delivery Schedule

 [*] 
 Notes: 

(i) FY: FED Customer Fiscal Year June 1 - May 31 
 (ii) Customer
has the right to purchase thirty-eight (38) Purchase Right Aircraft for delivery through [*] 

  

					
	 FED-PA-03712-LA-1106156R2
	  	SA-11
	Option Aircraft, Attachment 4, Revised June 2018	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

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

  

  
  

FED-PA-03712-LA-1106158
R4 
 Federal Express Corporation 

3610 Hacks Cross 
 Memphis, TN 38125 

 

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

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. In addition,
this Letter Agreement cancels and supersedes FED-PA-03712-LA-1106158R3 in its
entirety. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. 
  

	1.	 Right to Purchase Incremental Aircraft. 

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

	2.	 Delivery. 

The Purchase Right Aircraft delivery positions are [*]. 
  

	3.	 Configuration. 

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

	4.	 Price. 

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

  

					
	FED-PA-03712-LA-1106158R4	  	SA-11
	Right to Purchase Additional Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

	  	
	  	
	  	

  

 4.2 Subject to the provisions of Letter Agreement FED-PA-03712-LA-1106151R2 “Special Matters Concerning [*] – Option Aircraft and Certain Purchase Right
Aircraft”, the Airframe Price, Engine Price, Optional Features Prices, and Aircraft Basic Price for each of the Purchase Right Aircraft will be adjusted for escalation in accordance with the Purchase Agreement. 

4.3 The Advance Payment Base Price for each exercised Purchase Right Aircraft shall be developed in accordance with the terms of the Purchase
Agreement and determined at the time of Supplemental Agreement. 
  

	5.	 Payment. 

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

	6.	 Notice of Exercise and Payment of Deposit. 

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

	 	    	 [*] 

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

	7.	 Supplemental Agreement. 

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

  

					
	FED-PA-03712-LA-1106158R4	  	SA-11
	Right to Purchase Additional Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 

 
  

	8.	 [*] 

  

	[*]	 

  

	9.	 General Expiration of Rights. 

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

	10.	 Confidential Treatment. 

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

  
  

					
	FED-PA-03712-LA-1106158R4	  	SA-11
	Right to Purchase Additional Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

 

 
 Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

  

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisition

  
  

					
	FED-PA-03712-LA-1106158R4	  	SA-11
	Right to Purchase Additional Aircraft	  	Page 4
		  	BOEING PROPRIETARY	  	

			
	

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

  

  
  

FED-PA-03712-LA-1106614
R3 
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

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

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement FED-PA-03712-LA-1106614R2 and amends and supplements the Purchase Agreement. All terms used but not defined in this
Letter Agreement shall have the same meaning as in the Purchase Agreement. The credit memoranda provided for in this Letter Agreement will be applicable to exercised Purchase Right Aircraft only (Exercised Purchase Right Aircraft), as
described in letter agreement FED-PA-03712-LA-1106158R4, Right to Purchase
Additional Aircraft. 
  

	1.	 Credit Memoranda. 

[*] 
  

	2.	 Escalation of Credit Memoranda. 

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

	3.	 [*] 

[*] 
  

	4.	 Assignment. 

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

  

					
	FED-PA-03712-LA-1106614R3	  	SA-11
	Special Matters for Purchase Right Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

	  	
	  	
	  	

  

	5.	 Confidentiality 

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

Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

  

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisitions

& Planning and Performance

  

					
	FED-PA-03712-LA-1106614R3	  	SA-11
	Special Matters for Purchase Right Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

			
	

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

  

  
  

FED-PA-03712-LA-1208949
R1 
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters for Aircraft in Table 1-A1
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement FED-PA-03712-LA-1208949 and amends and supplements the Purchase Agreement. All terms used
but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement. The credit memoranda provided for in this Letter Agreement will be applicable to Block B Aircraft and Block C Aircraft, as identified in
Table 1-A1 of the Purchase Agreement (Table 1-A1 Aircraft). 
  

	1.	 Credit Memoranda. 

[*] 
  

	2.	 Escalation of Credit Memoranda. 

Unless otherwise noted, the amounts of the Credit Memoranda stated in Paragraphs 1.1 through 1.5 are in [*] base year dollars and will be escalated to the
same time period as the Airframe pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to the Table 1-A1 Aircraft. The Credit Memoranda may, at the election of
Customer, be [*]. 
  

	3.	 [*] 

[*] 
  

	4.	 Assignment. 

Unless otherwise noted herein, the Credit Memoranda described in this Letter Agreement are provided as a financial accommodation to Customer
and in consideration of Customer’s taking title to the Table 1-A1 Aircraft at time of delivery and becoming the operator of the Aircraft. This Letter Agreement cannot be assigned, in whole or in
part, without the prior written consent of Boeing, which will not be unreasonably withheld. 

  

					
	FED-PA-03712-LA-1208949	  	SA-11
	Special Matters for Aircraft in Table 1-A1 	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

	  	
	  	
	  	

  

  

	5.	 Confidentiality 

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

Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

 

			
	    FEDERAL EXPRESS CORPORATION 
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisition

  

					
	FED-PA-03712-LA-1208949R1	  	SA-11
	Special Matters for Aircraft in Table 1-A1 	  	Page 2
		  	BOEING PROPRIETARY	  	

			
	

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

  

  
 6-1162-SCR-146R2 
 Federal Express
Corporation 
 3610 Hacks Cross 
 Memphis, TN 38125 

 

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

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement 6-1162-SCR-146R1 and amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the
Purchase Agreement. 
 [*] 
 [Defined Terms] 

“Block B Aircraft” means (i) the four (4) Option Aircraft exercised, as identified in Table
1-B as Block B Aircraft, under Supplemental Agreement Number 1 to the Purchase Agreement and shall have the meaning as defined therein, and (ii) the one (1) Aircraft
added to the Purchase Agreement and identified in Table 1-A1 as a Block B Aircraft pursuant to Supplemental Agreement No. 11 and shall have the meaning as defined therein. 

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

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

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

  

					
	6-1162-SCR-146R2 	  	SA-11
	Special Provision – Block B and Block G Aircraft	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	 

	  	
	  	
	  	

  

 Very Truly Yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

 

			
	    FEDERAL EXPRESS CORPORATION 
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisition

  

					
	6-1162-SCR-146R2	  	SA-11
	Special Provision – Blocks B and Block G Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	

			
	

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

  

  
  

6-1162-LKJ-0773 

Federal Express Corporation 
 3610 Hacks Cross Road 

Memphis, TN 38125 
  

			
	Subject:	  	Special Matters – SA-11
		
	Reference:	  	Purchase Agreement No. PA-3712 (Purchase Agreement) between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined
in this Letter Agreement have the same meaning as in the Purchase Agreement. 
 In consideration of Boeing’s long term relationship with Customer,
Boeing will provide to Customer the following business consideration. 
  

	 	1.	 Business Consideration. 

 

	 	[*]	 

  

	 	2.	 Confidential Treatment. 

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

  

					
	6-1169-LKJ-0773	  	SA-11
	Special Matters – SA-11	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	 

	  	
	  	
	  	

  

 Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

 

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisitions & Planning and Performance

  

					
	6-1169-LKJ-0773	  	SA-11
	Special Matters – SA-11	  	Page 2
		  	BOEING PROPRIETARY	  	

			
	

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

  

  
 FED-SU-1106178R3 
 Federal Express Corporation 

3610 Hacks Cross Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Federal Express Corporation [*]
		
	References:	  	 1) Purchase Agreement No. PA-03712 (767 Purchase Agreement) between The Boeing Company
(Boeing) and Federal Express Corporation (Customer) relating to Model 767-3S2F aircraft (Aircraft)

		
		  	2) FED-MO-1105406 R1 Proposal for 767-300 Boeing Converted Freighter (BCF) Program (Proposal for 25 767-300 BCF aircraft)
		
		  	3) FED-MO-1105421 R1 Proposal for 767-300 Boeing Converted Freighter Program (Proposal for 50 767-300 BCF aircraft)

 This agreement No.
FED-SU-1106178R3, dated June ____, 2018, supersedes and replaces in its entirety agreement No. FED-SU-1106178R2, dated July 21, 2015. 
 This Agreement incorporates the terms and
conditions of Customer Services General Terms Agreement No. S2-2 (“CSGTA”) between Boeing and Customer by reference. All capitalized terms used but not defined in this Agreement have the same
meaning as in the CSGTA. On the date Customer accepts this offer it will become an Order to the CSGTA. 
  

	1.	 [*] 

  

	[*]	 

  

	2.	 Definitions 

 

	 	2.1	 “Agreement” means this Order to the CSGTA. 

 

	 	2.2	 [*] 

  

	 	2.3	 [*] 

  

	 	2.4	 [*] 

  

	 	2.5	 “Option Aircraft” means all exercised Aircraft options as listed in Table 1-B of the 767 Purchase Agreement. 

  

	 	2.6	 “Purchase Right Aircraft” means all Purchase Right Aircraft as listed in Table 1-C of the 767 Purchase Agreement. 

  

	 	2.7	 [*] 

  

	 	2.8	 [*] 

  

	3.	 Term 

  

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

 

	 	3.2	 [*] 

  

	 	3.3	 [*] 

  

					
	FED-SU-1106178R3	  	
	[*]	  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

	  	
	  	
	  	

  

	4.	 [*] 

  

	 	4.1	 [*] 

  

	 	4.2	 [*] 

  

	 	4.3	 [*] 

  

	 	4.4	 [*] 

  

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

   [*] 

 

	5.	 Miscellaneous 

5.1 Entire Agreement. This Agreement and the CSGTA contain the entire agreement between the parties and supersede all previous
proposals, understandings, commitments or representations, oral or written, with respect to the subject matter hereof. 
 5.2
Confidential Treatment. Customer understands that Boeing considers certain commercial and financial information contained in this Agreement as confidential. Customer and Boeing agree that it will treat this Agreement and the information
contained herein as confidential. Customer agrees to limit the disclosure of the contents of this Agreement to employees of Customer with a need to know and who understand that they are not to disclose its content to any other person or entity
without the prior written consent of Boeing. Notwithstanding the forgoing, Customer may disclose this Agreement and the terms and conditions herein to its parent company, FedEx Corporation, to the Board of Directors of its parent company, FedEx
Corporation, to its professional advisors under a duty of confidentiality with respect hereto, and as required by law. 
  

					
	AGREED AND ACCEPTED this	 		 	
			
	June 18, 2018	 		 	  

	Date	 		 	
			
	THE BOEING COMPANY	 		 	FEDERAL EXPRESS CORPORATION
			
	/s/ Susan Englander	 		 	/s/ Phillip C. Blum
	Signature	 		 	Signature
			
	Susan Englander	 		 	Phillip C. Blum
	Printed name	 		 	Printed name
			
	
Attorney-in-Fact
	 		 	Vice President Aircraft Acquisitions
& Planning and Performance
	 Title
	 		 	Title

  

					
	FED-SU-1106178R3	  	
	[*]	  	Page 2
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

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

  

FED-MISC-LA-1804229    
 
 Federal Express Corporation 
 3610
Hacks Cross Road 
 Memphis, TN 38125 
  

			
	Subject:	  	Boeing Global Services (BGS) – Special Matters

 [*] 
 In
consideration of Boeing’s long term relationship with Customer, and Customer’s continued purchase of BGS goods and services to support operation of the Boeing model 767 aircraft, Boeing will provide to Customer the following business
consideration. 
  

	 	1.	 Business Consideration. 

 

	 	[*]	 

  

	 	2.	 Confidentiality. 

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

  

					
		  	
		  	Page 1
		  	BOEING PROPRIETARY	  	

  

	*	 Blank spaces contained confidential information which has been filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 

			
	

	  	
	  	
	  	

  

 Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	/s/ Susan Englander
			
		 	Its	 	Attorney-In-Fact

    ACCEPTED AND AGREED TO this 
  

			
	    Date:	 	June 18, 2018

  

			
	
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	/s/ Phillip C. Blum
		
	    Its	 	 Vice President Aircraft Acquisitions

& Planning and Performance

  

					
	FED-MISC-LA-1804229	  	
	Boeing Global Services - Special Matters	  	Page 2
		  	BOEING PROPRIETARYEX-10.8

 Exhibit 10.8 

FedEx Contract # 

Supplemental Agreement No. 30 

to 
 Purchase Agreement
No. 3157 
 between 
 The
Boeing Company 
 And 
 Federal
Express Corporation 
 Relating to Boeing Model 777-FREIGHTER Aircraft 

THIS SUPPLEMENTAL AGREEMENT No. 30 (SA-30), entered into as of the 18 day of June 2018, 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); and 

B. WHEREAS, Customer desires to add twelve (12) Aircraft to the Purchase Agreement, such Aircraft to be designated as either Block E1 or
Block E2 Aircraft (collectively, Block E Aircraft), with delivery months and blocks as shown in the table below; and 
  

			
	 Delivery Month & Year

of Block E Aircraft
	  	 Block

	[*]	  	Block E1
	[*]	  	Block E1
	[*]	  	Block E1
	[*]	  	Block E1
	[*]	  	Block E1
	[*]	  	Block E1

  
  

					
	P.A. No. 3157	  	1	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

			
	 Delivery Month & Year

of Block E Aircraft
	  	 Block

		
	[*]	  	Block E2
	[*]	  	Block E2
	[*]	  	Block E2
	[*]	  	Block E2
	[*]	  	Block E2
	[*]	  	Block E2

 C. WHEREAS, Customer desires to reschedule the delivery month of eleven (11) Option Aircraft under Letter
Agreement 6-1162-RRO-1062, Option Aircraft, to the Purchase Agreement as shown in the table below; and 

 

			
	 Existing Delivery

Months of Option

Aircraft
	  	 Revised Delivery

Months of Option

Aircraft

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

  
  

					
	P.A. No. 3157	  	2	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 D. WHEREAS, Customer desires to remove the special provision (Letter Agreement 6-1162-RRO-1068R1) relating to the three (3) Block B Aircraft with scheduled months of delivery as shown in the table below,
resulting in such three (3) Block B Aircraft becoming firm Aircraft upon execution of this Supplemental Agreement No. 30; and 
  

	
	 Delivery Month & Year

of Block B Aircraft

	[*]
	[*]
	[*]

 E. WHEREAS, Customer desires to add fourteen (14) Option Aircraft to the Purchase Agreement, hereinafter
referred to as SA-30 Option Aircraft, with delivery months as shown in the table below; and 
  

			
	 Delivery Month and Year

of Option Aircraft
	  	 Block

	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft
	[*]	  	SA-30 Option Aircraft

  
  

					
	P.A. No. 3157	  	3	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 F. WHEREAS, Customer desires to reschedule the delivery month of one (1) Aircraft (SA-30 Accelerated Aircraft), as shown in the table below; and 
  

									
	 Aircraft

Block
	  	 MSN
	  	 Table
	  	 Existing

Delivery Month

of Aircraft
	  	 Revised

Delivery Month of

Aircraft

	original block	  	37731	  	Table 1	  	[*]	  	[*]

 G. WHEREAS, Boeing and Customer desire to revise the [*] letter agreement to reflect certain agreements
regarding the [*]; and 
 H. WHEREAS, Boeing and Customer desire to provide Boeing the opportunity to [*] of the Block E 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. 30. 

  

	2.	 Boeing and Customer acknowledge and agree that upon execution of this Supplemental Agreement No. 30 and
upon fulfillment of the condition described in Article 20 below, (i) six (6) of the twelve (12) Aircraft described in Recital Paragraph B above are hereby added to the Purchase Agreement and are considered by the parties as “Block E1
Aircraft”, (ii) six (6) of the twelve (12) Aircraft described in Recital Paragraph B above are hereby added to the Purchase Agreement as conditional firm aircraft and are considered by the parties as “Block E2 Aircraft”,
which together with the Block E1 Aircraft are collectively considered by the parties as “Block E Aircraft” and will be deemed “Aircraft” for all purposes under the Purchase Agreement, (iii) eleven (11)

  

					
	P.A. No. 3157	  	4	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

	 	
Option Aircraft are hereby rescheduled as described in Recital Paragraph C above, (iv) the three (3) Block B Aircraft described in Recital Paragraph D above are hereby made firm Block B
Aircraft in accordance with Recital Paragraph D above, and (v) the fourteen (14) SA-30 Option Aircraft described in Recital Paragraph E above are hereby added to the Purchase Agreement as
“Option Aircraft” and will be deemed such for all purposes under the Purchase Agreement except as otherwise set forth herein. 

  

	3.	 Remove and replace, in its entirety, Table 1, Aircraft Information Table, with the revised Table 1,
attached hereto, revised to reflect the acceleration of one (1) Aircraft described in Recital Paragraph F above. 

  

	4.	 Remove and replace, in its entirety, “Table 1-A”, Block B
Firm Aircraft Information Table, with the revised Table 1-A, attached hereto, revised to reflect the addition of the three (3) Block B Aircraft described in Recital Paragraph D above as firm Block B
Aircraft. 

  

	5.	 Remove and replace, in its entirety, “Table 1-B”, Block B
Conditional Firm Aircraft Information Table, with the revised Table 1-B, attached hereto, revised to reflect the removal of the three (3) Block B Aircraft described in Recital Paragraph D above.

  

	6.	 Add a new Table 1-E1, Block E Firm Aircraft Information Table (Block
E1), attached hereto, to reflect the addition of the six (6) Block E1 Aircraft described in Recital Paragraph B above to the Purchase Agreement. 

  

	7.	 Add a new Table 1-E2, Block E Conditional Firm Aircraft Information
Table (Block E2), attached hereto, to reflect the addition of the six (6) Block E2 Aircraft described in Recital Paragraph B above to the Purchase Agreement. 

 

	8.	 Add a new Exhibit A5, Block E Aircraft Configuration, attached hereto, to the Purchase Agreement.
Exhibit A5 provides the aircraft configuration in [*] base year dollars for the Block E Aircraft. 

  

	9.	 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 the eleven (11) 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,
notwithstanding the reschedule, the Option Aircraft described in Recital Paragraph C will retain the [*]. 

  
  

					
	P.A. No. 3157	  	5	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

	10.	 Remove and replace, in its entirety, Letter Agreement 6-1162-RRO-1067, Special Matters for Options as detailed in Letter Agreement 6-1162-RRO-1062, with Letter Agreement 6-1162-RRO-1067R1, Special Matters
for Options as detailed in Letter Agreement 6-1162-RRO-1062, attached hereto, to reflect [*]. 

 

	11.	 Remove and replace, in its entirety, Letter Agreement 6-1162-RRO-1068, Special Provision – Block B Aircraft, with Letter Agreement 6-1162-RRO-1068R1, Special Provision – Block B and Block E2 Aircraft, attached hereto, to reflect the addition of the six (6) Block E2 Aircraft and the application of the terms of the
revised Letter Agreement to such Block E2 Aircraft. 

  

	12.	 Remove and replace, in its entirety, Letter Agreement 6-1162-SCR-193, [*] Matters, with Letter Agreement 1162-SCR-193R1, [*] Matters
and [*] Special Matters, attached hereto, to reflect revised commercial and business terms relating to [*]. 

  

	13.	 Add a new Letter Agreement FED-PA-3157-LA-1802894, Special Matters for Block E Aircraft, attached hereto, to the Purchase Agreement to describe the commercial and business terms
applicable to the Block E Aircraft described in Recital Paragraph B above. 

  

	14.	 Add a new Letter Agreement 6-1169-LKJ-0776, SA-30 Option Aircraft, attached hereto, to the Purchase Agreement to reflect the addition of the fourteen
(14) SA-30 Option Aircraft described in Recital Paragraph E above. 

  

	15.	 Add a new Letter Agreement 6-1169-LKJ-0777, Special Matters—SA-30 Option Aircraft, attached hereto, to the Purchase Agreement to describe the commercial and business terms
applicable to the SA-30 Option Aircraft. 

  

	16.	 Add a new Letter Agreement 6-1169-LKJ-0778, SA-30 [*] Matters, attached hereto, to the Purchase Agreement to describe the terms applicable to the [*]. 

 

	17.	 Customer and Boeing hereby acknowledge and confirm that Letter Agreement 6-1162-RRO-1065, Aircraft Performance Guarantees for Block B Aircraft, [*] to the Purchase Agreement. 

 

	18.	 Boeing acknowledges that, subject to execution of this SA-30 by [*],
the addition of twelve (12) incremental Aircraft to the Purchase Agreement as described in Recital Paragraph B and removal of the special provision (Letter Agreement 6-1162-RRO-1068R1) relating to three (3) Block B Aircraft as described in Recital Paragraph D, both as agreed in paragraph 2 above, [*]. 

  
  

					
	P.A. No. 3157	  	6	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

	19.	 As a result of the changes incorporated in this Supplemental Agreement No. 30, Customer will [*]
applicable to each of the twelve (12) Block E Aircraft described in Recital Paragraph B and added to the Purchase Agreement by this Supplemental Agreement No. 30, (ii) [*] of the [*] Block E1 Aircraft, (iii) an [*] for each of the
fourteen (14) SA-30 Option Aircraft described in Recital Paragraph D and added to the Purchase Agreement pursuant to this Supplemental Agreement No. 30 and (iv) [*] applicable to the Aircraft
described in Recital Paragraph F above as a result of the reschedule of such Aircraft. The foregoing results in an [*]. Customer will [*]. 

  

	20.	 This Supplemental Agreement No. 30 to the Purchase Agreement shall not be effective unless
(i) executed and delivered by the parties on or prior to June 26, 2018, and (ii) Customer and Boeing execute and deliver Supplemental Agreement No. 11 to Purchase Agreement No. 3712 on or prior to June 26,
2018.  

  

					
	P.A. No. 3157	  	7	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 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 Aircraft Acquisitions & Planning

and Performance

  

					
	P.A. No. 3157	  	8	  	SA–30
			
		  	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	  	 	30	 
	 1-A
	  	Block B Firm Aircraft Information Table	  	 	30	 
	 1-B
	  	Block B Conditional Firm Aircraft Information Table	  	 	30	 
	 1-C
	  	Block C Aircraft Information Table	  	 	13	 
	 1-C1
	  	Block C Aircraft Information Table (MSN 39285)	  	 	11	 
	 1-C2
	  	Block C Aircraft Information Table	  	 	29	 
	 1-D
	  	Block D Aircraft Information Table	  	 	20	 
	 1-E1
	  	Block E Firm Aircraft Information Table (Block E1)	  	 	30	 
	 1-E2
	  	Block E Conditional Firm Aircraft Information Table (Block E2)	  	 	30	 
		
	 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	 
	 A5.
	  	Aircraft Configuration (Block E Aircraft)	  	 	30	 
	 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	  	9	  	SA–30
			
		  	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-1798R1
	  	 777 Boeing Converted Freighter
	  	4
			
	
6-1162-RCN-1799R1

	  	[*]	  	24
			
	
6-1162-RRO-1062

	  	 Option Aircraft

Attachment to Letter
6-1162-RRO-1062
	  	 4

30

			
	 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
R1
	  	 Special Matters for Option Aircraft detailed in Letter Agreement
6-1162-RRO-1062
	  	30
			
	 6-1162-RRO-1068R1
	  	 Special Provision – Block B and Block E2 Aircraft
	  	30
			
	 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
R1 
	  	 [*] Matters and [*]

Special Matters
	  	30

  
  

					
	P.A. No. 3157	  	10	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

					
	 LETTER AGREEMENT (Con’t)
	  	 SA
NUMBER

			
	
6-1162-LKJ-0726

	  	 [*]

SA-24 Accelerated Block B Aircraft
	  	24
			
	 6-1162-LKJ-0737R1
	  	Special Matters – SA-26 Accelerated Block C Aircraft	  	29
			
	 6-1162-LKJ-0758
	  	Special Matters – SA-27 Accelerated Block B Aircraft	  	27
			
	 6-1162-LKJ-0768
	  	Special Matters – SA-28 Accelerated Aircraft	  	28
			
	 6-1162-LKJ-0766
	  	Special Matters – SA-29 Accelerated Aircraft	  	29
			
	 6-1162-LKJ-0767
	  	Special Considerations – SA-29	  	29
			
	 FED-PA-3157-LA-1802894
	  	Special Matters for Block E Aircraft	  	30
			
	 6-1169-LKJ-0776
	  	SA-30 Option Aircraft	  	30
			
	 6-1169-LKJ-0777
	  	Special Matters – SA-30 Option Aircraft	  	30
			
	 6-1169-LKJ-0778
	  	SA-30 [*] Matters	  	30

  
  

					
	P.A. No. 3157	  	11	  	SA–30
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

			
	 SUPPLEMENTAL AGREEMENTS
	  	 DATED AS OF:

		
	 Supplemental Agreement No. 1
	  	 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

  
  

					
	P.A. No. 3157	  	12	  	SA–30
			
		  	BOEING PROPRIETARY	  	

			
	 SUPPLEMENTAL AGREEMENTS (Con’t)
	  	 DATED AS OF:

		
	 Supplemental Agreement No. 26
	  	February 10, 2017
		
	 Supplemental Agreement No. 27
	  	October 12, 2017
		
	 Supplemental Agreement No. 28
	  	January 28, 2018
		
	 Supplemental Agreement No. 29
	  	February 2, 2018
		
	 Supplemental Agreement No. 30
	  	June    , 2018

  
  

					
	P.A. No. 3157	  	13	  	SA–30
			
		  	BOEING PROPRIETARY	  	

 Table 1 to 

Purchase Agreement No. 3157 

Aircraft Delivery, Description, Price and Advance Payments 
  

											
				
	Airframe Model/MTOW:	 	777-Freighter	 	766000 pounds	  	Detail Specification: D019W007FED7F-1, Rev E dated August 29, 2011
						
	Engine Model/Thrust:	 	GE90-110B1L	 	110100 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	N/A	 	N/A
					
	Optional Features:	 	[*]	  		 		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  		 		 	
					
	Refundable Deposit/Aircraft at Proposal Accept:	 	[*]	  		 		 	

  

																			
	 	 	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to
Delivery):

	 	 	 	 	Escalation	 	 	 	 	 	Escalation Estimate	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	Factor	 	MSN	 	 	 	Adv Payment Base	 	Balance At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	 (Airframe)
	 	
                    
	 	
                    
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 [*]
	 	1	 	[*]	 	37721	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37724	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37722	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37723	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37727	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37728	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	2	 	[*]	 	37725/37726	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37729	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	2	 	[*]	 	37732/37733	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37734	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37735	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37730	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	37731	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]

 Note: Boeing and Customer acknowledge that letter 6-1162-RRO-1069 “Delivery Notice and Excusable Delay for Aircraft with Delivery Dates of [*] has been sent to Customer. 

	1 	 Per SA # 5, [*] 

	2 	 Per SA # 5, [*] 

	3 	 In SA #15, the former two (2) [*] Aircraft have moved as follows: [*]. 

	4 	 In SA # 19, one (1) [*] Aircraft was moved to [*]. 

  

					
	FED	  		  	Supplemental Agreement No. 30
	50269, 58383, 109002	  	Boeing Proprietary	  	Page 1
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
		  		  	

 Table 1-A to Purchase Agreement No. 3157 

Aircraft Delivery, Description, Price and Advance Payments 

Block B Firm 
  

											
				
	Airframe Model/MTOW:	  	777-Freighter	 	766000 pounds	  	 Detail Specification: D019W007FED7F-1,
Rev G dated July 25, 2012

						
	Engine Model/Thrust:	  	GE90-110B1L	 	110000 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
						
	Airframe Price:	  		 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	N/A	 	N/A
					
	Optional Features:	 	[*]	  		 		 	
		  		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		  		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  		 		 	
					
	Non-Refundable Deposit/Aircraft at Def Agreement:	 	[*]	  		 		 	

  

																			
	 	 	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos.
Prior to
Delivery):

	 	 	 	 	Escalation	 	 	 	 	 	Escalation Estimate	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	Factor	 	MSN	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	 (Airframe)
	 	  
	 	 	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 [*]
	 	1	 	[*]	 	40674	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40675	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40684	 	SA-24 Accelerated Block B Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40683	 	SA-28 Accelerated Block B Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40685	 	SA-27 Accelerated Block B Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40671	 	SA-29 Accelerated Block B Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40672	 	SA-29 Accelerated Block B Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40682	 	SA-29 Accelerated Block B Aircraft	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40673	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40676	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 	40679	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 Total:
	 	11	 		 	 1  SA-24 Accelerated Block B Aircraft. [*] for the SA-24 Accelerated Block B Aircraft are subject to Letter Agreement 6-1162-LKJ-0726.

		 		 		 	 2  SA-27 Accelerated Block B Aircraft. [*] for the SA-27 Accelerated Block B Aircraft are subject to Letter Agreement 6-1162-LKJ-0758.

 NOTES:     [*] 

  
  

					
	APR No. 50270, 62654, 79650, 106232, 108205	  	BOEING PROPRIETARY	  	Supplemental Agreement No. 30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
		  		  	

  

 Table 1-B to Purchase Agreement No. 3157 

Aircraft Delivery, Description, Price and Advance Payments 

Block B Conditional Firm 
  

											
				
	Airframe Model/MTOW:	 	777-Freighter	 	766000 pounds	  	 Detail Specification:
D019W007FED7F-1, Rev E dated August 29, 2011

						
	Engine Model/Thrust:	 	GE90-110B1L	 	110000 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
						
	Airframe Price:	 		 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	N/A	 	N/A
					
	Optional Features:	 	[*]	  		 		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  		 		 	
					
	Non-Refundable Deposit/Aircraft at Def Agreemt:	 	[*]	  		 		 	

  

																			
	 	 	 	 	 	 	 	 	 	 	 	 	
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	 	 	 	 	Escalation	 	 	 	 	 	Escalation Estimate	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	Factor	 	MSN	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	 (Airframe)
	 	
                    
	 	
                    
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 Total:
	 	0	 		 		 		 		 		 		 		 	

  

					
	APR 50270	  		  	Supplemental Agreement No. 30
		  	Boeing Proprietary	  	Page 1
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 Table 1-E1 to Purchase Agreement No. PA-3157 

Aircraft Delivery, Description, Price and Advance Payments 

Block E Firm Aircraft (Block E1) 
  

											
	Airframe Model/MTOW:	 	777-Freighter	 	766,000 pounds	  	Detail Specification: D019W007FED7F-1, Rev J (10/17/2017)
						
	Engine Model/Thrust:	 	GE90-110B1L	 	110,100 pounds	  	 Airframe Price Base Year/Escalation Formula:
	  	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	  		 	
					
	Optional Features:	 	[*]	  		  		 	
		 		 	  
	  		  		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	  		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	  	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	  	[*]	 	
		 		 	  
	  		  		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		  		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  		  		 	
					
	Deposit per Aircraft at Proposal Accept:	 	[*]	  		  		 	

  

																	
	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to Delivery):

	 	 	 	 	Escalation	 	 	 	Escalation Estimate	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	Factor	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	 (Airframe)
	 	
                    
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 Total:
	 	6	 		 		 		 		 		 		 	

  

	Notes:	 

	1)	 [*]. 

	2)	 [*] in accordance with paragraph 9 of Letter Agreement FED-PA-3157-LA-1802894, Special Matters for Block E Aircraft. 

  

					
	PA-3157	  		  	Supplemental Agreement No. 30
	108727	  	Boeing Proprietary	  	Page 1
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
		  		  	

 Table 1-E2 to Purchase Agreement No. PA-3157 

Aircraft Delivery, Description, Price and Advance Payments 

Block E Conditional Firm Aircraft (Block E2) 
  

											
	Airframe Model/MTOW:	 	777-Freighter	 	766,000 pounds	  	Detail Specification: D019W007FED7F-1, Rev J (10/17/2017)
						
	Engine Model/Thrust:	 	GE90-110B1L	 	110,100 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 		 	
					
	Optional Features:	 	[*]	  		 		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  		 		 	
					
	Deposit per Aircraft at Proposal Accept:	 	[*]	  		 		 	

  

																	
	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to Delivery):

	 	 	 	 	Escalation	 	 	 	Escalation Estimate	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	Factor	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	 (Airframe)
	 	
                    
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 Total:
	 	6	 		 		 		 		 		 		 	

 Notes: 

	1)	 [*]. 

	2)	 [*] in accordance with paragraph 9 of Letter Agreement FED-PA-3157-LA-1802894, Special Matters for Block E Aircraft. 

  

					
	PA-3157	  		  	Supplemental Agreement No. 30
	108727	  	Boeing Proprietary	  	Page 1
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 Exhibit A5 to 

Purchase Agreement No. 3157 
 Page 1 

BLOCK E AIRCRAFT CONFIGURATION 

Dated 6/18/2018 

relating to 
 BOEING MODEL 777-FREIGHTER BLOCK E AIRCRAFT 
 The Detail Specification for FedEx is Detail Specification D019W007FED7F-1, Rev J dated October 17, 2017. Such Detail Specification will be comprised of Boeing Configuration Specification D019W007, Rev NEW, dated July 24, 2006 as amended to incorporate the Options
attached here to, including the effects on Manufacturer’s Empty Weight (MEW) and Operating Empty 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. 

  

					
	Supplemental Agreement No. 30

 BOEING PROPRIETARY 

Exhibit A5 To 
 Purchase
Agreement No. 3157 
  

					
	 [*]
	 	 [*]
	 	 [*]

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

  
  

					
		 	BOEING PROPRIETARY	 	
			
		 	Page 1 of 5	 	Supplemental Agreement No. 30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 BOEING PROPRIETARY 

Exhibit A5 To 
 Purchase
Agreement No. 3157 
  

					
	 [*]
	 	 [*]
	 	 [*]

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

	 [*]
	 	 [*]
	 	 [*]

	 [*]
	 	 [*]
	 	 [*]

	 [*]
	 	 [*]
	 	 [*]

	 [*]
	 	 [*]
	 	 [*]

	 [*]
	 	 [*]
	 	 [*]

  

					
		 	BOEING PROPRIETARY	 	
			
		 	Page 2 of 5	 	Supplemental Agreement No. 30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 BOEING PROPRIETARY 

Exhibit A5 To 
 Purchase
Agreement No. 3157 
  

					
	 [*]
	 	 [*]
	 	 [*]

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

  

					
		 	BOEING PROPRIETARY	 	
			
		 	Page 3 of 5	 	Supplemental Agreement No. 30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 BOEING PROPRIETARY 

Exhibit A5 To 
 Purchase
Agreement No. 3157 
  

  

					
	 [*]
	 	 [*]
	 	 [*]

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

  

					
		 	BOEING PROPRIETARY	 	
			
		 	Page 4 of 5	 	Supplemental Agreement No. 30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 BOEING PROPRIETARY 

Exhibit A5 To 
 Purchase
Agreement No. 3157 
  

					
	 [*]
	 	 [*]
	 	 [*]

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

		 	TOTAL EXHIBIT A5:	 	[*]
		 		 	  

  

					
		 	BOEING PROPRIETARY	 	
			
		 	Page 5 of 5	 	Supplemental Agreement No. 30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 Attachment To 

Letter
6-1162-RRO-1062 

Option Aircraft Delivery, Description, Price and Advance Payments 

 

											
	Airframe Model/MTOW:	 	777-Freighter	 	766000 pounds	  	Detail Specification: D019W007FED7F-1 Rev E dated August 29, 2011
						
	Engine Model/Thrust:	 	GE90-110B1L	 	110100 pounds	  	 Airframe Price Base Year/Escalation Formula:
	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	 Engine Price Base Year/Escalation Formula:
	 	N/A	 	N/A
					
	Optional Features:	 	[*]	  		 		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	 Aircraft Basic Price (Excluding BFE/SPE):
	 	[*]	  	 Base Year Index (CPI):
	 	[*]	 	
					
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		 		 	
					
	Seller Purchased Equipment (SPE) Estimate:	 	[*]	  	Forecast: 2Q08	 		 	
					
	Non-Refundable Deposit/Aircraft at Def Agreemt:	 	[*]	  		 		 	

  

																	
	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to Delivery):

	Delivery	 	Number of	 	 Escalation

Factor
	 	 	 	 Escalation Estimate

Adv Payment Base
	 	At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	
(Airframe)1
	 	
                    
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 Total:
	 	11	 		 		 		 		 		 		 	

  

	1 	 The Escalation Factor for the Option Aircraft will be adjusted to Boeing’s then current forecasts for such
elements as of the date of the amendment to the definitive agreement to add the exercised Option Aircraft as an Aircraft. 

  
  

					
	FED-PA-3157	 		 	Supplemental Agreement No. 30
	APR 97697	 	Boeing Proprietary	 	Page 1
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

6-1162-RRO-1067R1 

Federal Express Corporation 
 3131 Democrat Road 

Memphis TN 38125 
  

			
	Subject:	  	Special Matters for Options as detailed in Letter Agreement 6-1162-RRO-1062
		
	Reference:	  	A) 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)
		
		  	 B) Letter Agreement 6-1162-RRO-1062 Option Aircraft

 This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement 6-1162-RRO-1067 and amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase
Agreement. 
  

	1.	 [*] 

[*] 
  

	2.	 [*] 

[*] 
  

	3.	 [*] 

[*] 
 4. [*] 

[*] 
  

  

					
	P.A. No. 3157 (SA # 30)	  		  	
		  		  	
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

6-1162-RRO-1067R1 

 
 Page 2 
  

	5.	 [*] 

[*] 
  

	6.	 INCREMENTAL AIRCRAFT COMMITMENT [*] 

[*] 
  

	7.	 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. 
  

	8.	 [*] 

[*] 
  

	9.	 [*] 

[*] 
  

	10.	 [*] 

[*] 
  

	11.	 ASSIGNMENT 

The [*] described in this Letter Agreement are [*] to Customer in consideration of Customer becoming the operator of the Option Aircraft, and
cannot be assigned, in whole or in part, without the prior written consent of The Boeing Company. 

  
  

					
	P.A. No. 3157 (SA # 30)	  	
			
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

6-1162-RRO-1067R1 

Page 3 
  

	12.	 PUBLIC ANNOUNCEMENT 

Notwithstanding the terms in the Purchase Agreement, neither Party shall in any manner advertise or make any public statement regarding
Customer’s purchase of the Option 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. 
  

	13.	 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. 
 If the foregoing correctly sets forth your understanding of our agreement with respect to
matters described above, please indicate your acceptance and approval below. 

  

					
	P.A. No. 3157 (SA # 30)	  	
			
		  	BOEING PROPRIETARY	  	

6-1162-RRO-1067R1 

Page 4 
  
  

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

			
		 		 	
Its 
Attorney-In-Fact

    ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

    FEDERAL EXPRESS CORPORATION 

			
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	Vice President Aircraft Acquisitions
		 	 & Planning and Performance

  
  

					
	P.A. No. 3157 (SA # 30)	  	
			
		  	BOEING PROPRIETARY	  	

			
	

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

  
  

 

			
	6-1162-RRO-1068R1	  	 FedEx Contract #

 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Provision – Block B and Block E2 Aircraft
		
	Reference:	  	Purchase Agreement 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) cancels and supersedes Letter Agreement 6-1162-RRO-1068 and amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase
Agreement. 
 [*] 
 [Defined Terms] 

“Block B Aircraft” means the fifteen (15) Option Aircraft exercised under Supplemental Agreement Number 4 to the Purchase Agreement and
shall have the meaning as defined therein. 
 “Block E2 Aircraft” means the six (6) Aircraft identified in Table 1-E2 as conditional firm Block E Aircraft (Block E2) pursuant to Supplemental Agreement Number 30 to the Purchase Agreement and shall have the meaning as defined therein. 

[*] 
 “RLA” or “Railway Labor Act”
means 45 USC Section 151 et seq. 
 “NLRA” or “National Labor Relations Act” means 29 USC Section 151 et seq. 

[*] 
  

  

					
	PA No.3157 (SA # 30)	  		  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
		  		  	
		  		  	

 Federal Express Corporation 

6-1162-RRO-1068R1 

Page 2 
     Very Truly Yours, 

 

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     Agreed and Accepted 

 

			
	    Date:	 	 June 18, 2018

 

			
	     FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

	
	     Its Vice President Aircraft Acquisitions &
		 	 Planning and Performance

  
  

					
	PA No.3157 (SA # 30)	  		  	
		  		  	
		  		  	

					
	6-1162-SCR-193R1	  		  	FedEx Contract #

 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38118 

 

			
	Attention:	  	Mr. Kevin Burkhart
		  	Managing Director – Aircraft Acquisitions & Sales
		
	Subject:	  	[*] Matters and [*] Special Matters
		
	References:	  	Purchase Agreement 3157 between The Boeing Company (Boeing) and Federal Express Corporation (Customer) dated November 7, 2006 (Purchase Agreement) relating to the purchase of 777F aircraft
(Aircraft).

 This letter agreement (Letter Agreement) cancels and supersedes letter agreement 6-1162-SCR-193 and amends and supplements the Purchase Agreement. Any capitalized term used but not defined herein shall have the meaning ascribed to it in the
Purchase Agreement. 
  

	1.	 Background. 

[*] 
 The purpose of this letter agreement is to
document certain terms and conditions under which [*]. 
 2. [*] 

[*] 
 3. [*] 

[*] 
 4. Other Matters. 

[*] 
  

	5.	 Confidential Treatment. 

Customer understands that Boeing considers certain commercial and financial information contained in this business consideration as
confidential. Each of Customer and Boeing agree that it will treat this business consideration and the information contained herein as confidential. Customer agrees to limit the disclosure of the contents of this business consideration 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 business consideration
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. 

  

					
		  		  	
		  	    BOEING PROPRIETARY	  	SA-30
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 
  

									
	Very truly yours,	  		 	
			
	THE BOEING COMPANY	  		 	FEDERAL EXPRESS CORPORATION
					
	By	  	 /s/ L. Kirsten Jensen
	  		 	By	  	 /s/ Phillip C. Blum

					
	Its	  	 Attorney-In-Fact
	  		 	Its	  	Vice President Aircraft Acquisitions &
		  		  		 		  	 Planning and Performance

				
	ACCEPTED AND AGREED TO this	  		 		  	
	
	Date: June 18, 2018

  
  

					
		  	 BOEING PROPRIETARY
	  	Page 2
		  		  	SA-30
		  		  	

			
	

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

  
  

 

			
	FED-PA-3157-LA-1802894	  	FedEx contract #

 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters for Block E Aircraft
		
	References:	  	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. The terms of this Letter Agreement apply to Block E1 Aircraft in Table 1-E1 and Block E2 Aircraft in Table 1-E2 (collectively, Block E Aircraft). 
  

	1.	 [*] 

  

	[*]	 

  

	2.	 [*] 

  

	[*]	 

  

	3.	 [*] 

  

	[*]	 

  

	4.	 [*] 

  

	[*]	 

  

	5.	 [*] 

  

	[*]	 

  

	6.	 INCREMENTAL AIRCRAFT COMMITMENT [*] 

[*] 

  

					
	FED-PA-3157-LA-1802894	  		  	SA-30
	Special Matters for Block E Aircraft	  		  	Page 1
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 
  

	7.	 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. 
  

	8.	 [*] 

[*] 
  

	9.	 [*] 

[*] 
  

	10.	 [*] 

[*] 
  

	11.	 ASSIGNMENT. 

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

 

	12.	 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 foregoing, Boeing acknowledges that 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, and to Customer’s and FedEx Corporation’s professional advisors under a duty of confidentiality with respect
thereto, and as required by law. 

  

					
	FED-PA-3157-LA-1802894	  		  	SA-30
	Special Matters for Block E Aircraft	  	Page 2
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 
 Very truly yours, 

 

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

 ACCEPTED AND AGREED TO this 

 

			
	    Date	 	 June 18, 2018

  

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisitions & Planning and Performance

  

					
	FED-PA-3157-LA-1802894	  		  	SA-30
	Special Matters for Block E Aircraft	  	Page 3
		  	BOEING PROPRIETARY	  	

			
	

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

  
  

6-1169-LKJ-0776 

Federal Express Corporation 
 3131 Democrat Road 

Memphis, TN 38125 
  

			
	Subject:	  	SA-30 Option 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 6-1162-RRO-1066R1, Special Matters for Block B Aircraft
		
		  	(c) Letter Agreement FED-PA-03712-LA-1106157, Aircraft General Terms
Agreement—Amended Terms

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

	1.	 Right to Purchase Option Aircraft. 

Subject to the terms and conditions contained in this Letter Agreement, in addition to the Aircraft described in the Tables to the Purchase
Agreement as of the date of execution of this Letter Agreement, Customer will have the option to purchase additional Model 777-FREIGHTER aircraft as option aircraft
(SA-30 Option Aircraft). 
  

	2.	 Delivery. 

The number of aircraft, delivery months, and the pricing elements of the SA-30 Option Aircraft are
listed in the Attachment to this Letter Agreement. 
  

	3.	 Configuration. 

3.1 Subject to the provisions of Article 3.2, below, the configuration for the Option Aircraft will be the Detail Specification for
Customer’s model 777-FREIGHTER aircraft, D019W007FED7F-1, Rev J dated October 17, 2017. Such Detail Specification will be revised to reflect (i) changes
that have been made to the Detail Specification of Customer’s 777-FREIGHTER Aircraft pursuant to the Purchase Agreement between the date of this letter and the signing of the Definitive Agreement for the
exercise of the SA-30 Option Aircraft, (ii) changes required to obtain required regulatory certificates, and (iii) other changes as mutually agreed. 

  

					
		  		  	SA-30
		  		  	Page 1
		  	BOEING PROPRIETARY	  	

 

 
 3.2        Boeing
reserves the right to configure the Option Aircraft starting from a different configuration specification, provided that it can achieve the same configuration which would result pursuant to the provisions of Article 3.1. 

3.3        [*] 
  

	4.	 Price. 

4.1        The pricing elements of the Option Aircraft are listed in the Attachment. 

4.2         Price Adjustments. 

 4.2.1        Changes. The price of the SA-30
Option Aircraft will be adjusted to reflect changes discussed in paragraph 3.1 above, provided that the price for changes in 3.1 (ii) are subject to the terms of paragraph 3.2.2 of the AGTA, as amended by the reference (c) letter agreement.

  4.2.2        Optional Features. Unless otherwise agreed by the parties, the Option
Aircraft will contain the same Optional Features shown in Exhibit A-5 to the Purchase Agreement, and the price of such Optional Features is shown in the Attachment hereto. 

 4.2.3        Escalation Adjustments. The Airframe Price and the price of Optional
Features for Option Aircraft will be escalated on the same basis as the Block E Aircraft. 
  

	5.	 Payment. 

  

	 	5.1        [*]	 

5.2        Following option exercise, at Definitive Agreement
for the SA-30 Option Aircraft, advance payments will be payable as specified in the Purchase Agreement. The remainder of the Aircraft Price for the SA-30 Option Aircraft
will be paid at the time of delivery. 
  

	6.	 Option Exercise. 

6.1        Customer may exercise an option by giving written notice to Boeing on or before the date [*]
prior to the first day of the delivery month listed in the Attachment (Option Exercise Date). Upon option exercise, Boeing will have the right to adjust the scheduled delivery by [*]. 

6.2        [*] 
  

	7.	 Definitive Agreement. 

Following Customer’s exercise of an option, the parties will use their best efforts to sign a definitive agreement for the purchase of
such SA-30 Option Aircraft (Definitive Agreement) within thirty (30) calendar days of such exercise. The Definitive Agreement will include the provisions of the Purchase Agreement as modified to
reflect the provisions of this Letter Agreement and other terms and conditions as may be agreed upon. 
  

	8.	 Confidentiality. 

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

  
  

					
	6-1169-LKJ-0776	  		  	SA-30
		  		  	Page 2
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 
 Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

 ACCEPTED AND AGREED TO this 

 

			
	    Date:	 	 June 18, 2018

  

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisitions

& Planning and Performance

  
  

					
	6-1169-LKJ-0776	  		  	SA-30
		  		  	Page 3
		  	BOEING PROPRIETARY	  	

 Attachment to 

Letter
6-1169-LKJ-0776 

SA-30 Option Aircraft Delivery, Description, Price and Advance Payments 

 

											
	Airframe Model/MTOW:	 	777-Freighter	 	766000 pounds	  	Detail Specification: D019W007FED7F-1, Rev J (10/17/17)
						
	Engine Model/Thrust:	 	GE90-110B1L	 	110100 pounds	  	Airframe Price Base Year/Escalation Formula:	 	[*]	 	ECI-MFG/CPI
					
	Airframe Price:	 	[*]	  	Engine Price Base Year/Escalation Formula:	 		 	
				
	Optional Features:	 	[*]	  		 	
		 		 	  
	  		 		 	
					
	Sub-Total of Airframe and Features:	 	[*]	  	Airframe Escalation Data:	 		 	
					
	Engine Price (Per Aircraft):	 	[*]	  	Base Year Index (ECI):	 	[*]	 	
					
	Aircraft Basic Price (Excluding BFE/SPE):	 	[*]	  	Base Year Index (CPI):	 	[*]	 	
		 		 	  
	  		 		 	
				
	Buyer Furnished Equipment (BFE) Estimate:	 	[*]	  		 	
				
	Seller Purchased Equipment (SPE)	 	[*]	  		 	
				
	Non-Refundable Deposit/Aircraft at Def Agreemt:	 	[*]	  		 	

  

																	
	 	 	 	 	 	 	 	 	 	 	 Advance Payment Per Aircraft (Amts. Due/Mos. Prior
to Delivery):

	 	 	 	 	Escalation	 	 	 	Escalation Estimate	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	Factor	 	 	 	Adv Payment Base	 	At Signing	 	24 Mos.	 	21/18/15/12/9/6 Mos.	 	Total
	 Date
	 	 Aircraft
	 	
(Airframe)1
	 	
                    
	 	 Price Per A/P
	 	 1%
	 	 4%
	 	 5%
	 	 35%

	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	2	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 [*]
	 	1	 	[*]	 		 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 Total:
	 	14	 		 		 		 		 		 		 	

  

	1 	 The Escalation Factor for the Option Aircraft will be adjusted to Boeing’s then current forecasts for such
elements as of the date of the amendment to the definitive agreement to add the exercised Option Aircraft as an Aircraft.     

  

 
  
  

 

  

					
	PA-3157	  		  	
	108728-1O.txt	  	Boeing Proprietary	  	SA-30
		  		  	Page 1
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

			
	 

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

  

			
	 6-1169-LKJ-0777
	  	 FedEx contract #

 Federal Express Corporation     

3131 Democrat Road 
 Memphis, TN 38125 

 

			
	Subject:	  	Special Matters for SA-30 Option Aircraft
		
	References:	  	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. The terms of this Letter Agreement apply to the SA-30 Option Aircraft as shown in the Attachment to Letter Agreement 6-1169-LKJ-0776. 
  

	1.	 [*] 

  

	[*]	 

  

	2.	 [*] 

  

	[*]	 

  

	3.	 [*] 

  

	[*]	 

  

	4.	 [*] 

  

	[*]	 

  

	5.	 [*] 

  

	[*]	 

  

	6.	 INCREMENTAL AIRCRAFT COMMITMENT [*] 

 

	[*]	 

  

					
	6-1169-LKJ-0777	  		  	SA-30
	Special Matters for SA-30 Option Aircraft	  		  	Page 1
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 
  

	7.	 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. 
  

	8.	 [*] 

  

	[*]	 

  

	9.	 [*] 

  

	[*]	 

  

	10.	 ASSIGNMENT. 

The [*] and other business arrangements set forth in this Letter Agreement are [*] to Customer in consideration of Customer taking title to the
SA-30 Option Aircraft at the time of delivery and becoming the operator of the SA-30 Option Aircraft, and cannot be assigned, in whole or in part, without the prior
written consent of Boeing. 
  

	11.	 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 foregoing, Boeing acknowledges that 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, and to Customer’s and FedEx Corporation’s professional advisors under a duty of confidentiality with respect
thereto, and as required by law. 

  

					
	6-1169-LKJ-0777	  		  	SA-30
	Special Matters for SA-30 Option Aircraft	  		  	Page 2
		  	BOEING PROPRIETARY	  	
	
	*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

 
 Very truly yours, 
  

					
		 	THE BOEING COMPANY
			
		 	By	 	 /s/ L. Kirsten Jensen

			
		 	Its	 	
Attorney-In-Fact

     ACCEPTED AND AGREED TO this 

 

			
	    Date	 	 June 18, 2018

  

			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Phillip C. Blum

		
	    Its	 	 Vice President Aircraft Acquisitions

& Planning and Performance

  

					
	6-1169-LKJ-0777	  		  	SA-30
	Special Matters for SA-30 Option Aircraft	  		  	Page 3
		  	BOEING PROPRIETARY	  	

			
	

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

  
  

 
  

			
	6-1169-LKJ-0778	  	FedEx contract #

 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38125 

 

			
	Subject:	  	SA-30 [*] Matters
		
	References:	  	(a) Purchase Agreement No. 3157 between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER aircraft (the 777
Purchase Agreement)
		
		  	(b) Purchase Agreement No. 3712 between Boeing and Customer relating to Model 767-3S2F aircraft (the 767 Purchase Agreement)
		
		  	(c) Letter Agreement FED-PA-03712-LA-1106159R1, Special Matters
Concerning [*]

 All terms used but not defined in this Letter Agreement (Letter Agreement) shall have the same meaning as in the 767 Purchase
Agreement and the 777 Purchase Agreement. 
 1. As a result of SA-30 to the 777 Purchase Agreement
and SA-11 to the 767 Purchase Agreement, Customer will owe certain 777 Advance Payments or 767 Advance Payments during calendar years [*] in accordance with the advance payment schedules provided in the Table
1 of the 777 Purchase Agreement and 767 Purchase Agreement (Standard Advance Payment Schedule) and the reference (c) letter agreement. [*] 
  

			
	6-1169-LKJ-0778	  	SA-30
	SA-30 [*] Matters	  	Page 1

 BOEING PROPRIETARY 

*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934, as amended. 

 

 
  

	 	1.1	 [*] 

Table 1.1 
  

					
	 [*]
	  	 [*]
	  	 [*]

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

  

	 	1.2	 [*] 

  

			
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*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934, as amended. 

 

 
 Table 1.2 
  

					
	 [*]
	  	 [*]
	  	 [*]

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

 2. [*] 

3. [*] will be paid in accordance with the Standard Advance Payment Schedule and the reference (c) letter agreement. If the contractual
obligations set forth in the 777 Purchase Agreement or 767 Purchase Agreement are revised prior to [*], Boeing and Customer will work in good faith to revise this Letter Agreement accordingly. 

 

	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 foregoing, Boeing acknowledges that 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, and to Customer’s and FedEx Corporation’s professional advisors under a duty of confidentiality with respect
thereto, and as required by law. 
  

			
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*Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934, as amended. 

 

 
  

	
	Very truly yours,
	
	THE BOEING COMPANY
	
	By /s/ L. Kirsten Jensen                        
	
	Its
Attorney-In-Fact                           
   
	
	ACCEPTED AND AGREED TO this
	
	Date June 18, 2018                              
	
	FEDERAL EXPRESS CORPORATION
	
	By /s/ Phillip C. Blum                          
	
	Its Vice President Aircraft Acquisitions
	     & Planning and Performance         

  

			
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