Document:

exv10w5

Exhibit 10.5

ENDOCYTE, INC.

2010 EQUITY INCENTIVE PLAN

STOCK OPTION AWARD AGREEMENT

     This Award Agreement (“Award Agreement”), dated as of ___________, 20___, is by and
between Endocyte, Inc., a Delaware corporation (the “Company”), and ________ (“Optionee”). Unless
otherwise defined herein, the terms defined in the Endocyte, Inc. 2010 Equity Incentive Plan (the
“Plan”), shall have the same defined meanings in this Award Agreement.

I. NOTICE OF GRANT

     Optionee:

     The Company has granted the Optionee an Option to purchase Common Stock of the Company,
subject to the terms and conditions of the Plan and this Award Agreement, as follows:

	 	 	 	 	 

	 

	 	Grant Number:	 	 
	 
	 

	 	Date of Grant:	 	 
	 
	 

	 	Vesting Commencement Date:	 	 
	 
	 

	 	Exercise Price per Share:	 	 
	 
	 

	 	Total Number of Shares Granted:	 	 
	 
	 

	 	Total Exercise Price:	 	 
	 
	 

	 	Type of Option:
	 	                     Incentive Stock Option
	 
	 

	 	 	 	                     Nonstatutory Stock Option
	 
	 

	 	Term/Expiration Date:	 	 
	 
	 

	 	Vesting Schedule:	 	 

II. AGREEMENT

     1. Grant of Option. The Company hereby grants to the Optionee, an option (the “Option”) to purchase the number
of Shares set forth in the Notice of Grant, at the exercise price per Share set forth in the Notice
of Grant (the “Exercise Price”), and subject to the terms and conditions of the Plan, which is
incorporated herein by reference.

     If designated in the Notice of Grant as an Incentive Stock Option, this Option is intended to
qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the
extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall be treated as a
Nonstatutory Stock Option.

     2. Vesting. Unless otherwise provided in this Award Agreement or in the Plan, this Option shall become
exercisable in one or more installments in accordance with the Vesting Schedule set forth in the
Notice of Grant.

     3. Option Term; Expiration Date. This Option shall expire at 5:00 p.m. Eastern Time on the Expiration Date set forth in the
Notice of Grant, unless sooner terminated in accordance with Section 4 of this Award Agreement or
the terms of the Plan.

 

 

     4. Termination of Relationship as a Service Provider. If the Optionee ceases to be a Service Provider, other than upon the Optionee’s termination
as the result of the Optionee’s death or Disability (pursuant to Section 6(d)(iii) of the Plan),
the vested portion of this Option, if any, shall be exercisable for three (3) months after Optionee
ceases to be a Service Provider. Upon Optionee’s death or Disability, this Option may be exercised
for twelve (12) months after Optionee ceases to be a Service Provider. In no event may Optionee
exercise this Option after the Expiration Date as set forth in the Notice of Grant. The unvested
portion of the Option shall automatically revert to the Plan.

     5. Exercise of Option.

     (a) Right to Exercise. This Option shall be exercisable during its term in accordance
with the Vesting Schedule set out in the Notice of Grant and with the applicable provisions of the
Plan and this Award Agreement.

     (b) Method of Exercise. This Option shall be exercisable by delivery to the Company of
a notice of exercise (the “Exercise Notice”) which shall state the election to exercise the Option,
the number of Shares with respect to which the Option is being exercised (the “Exercised Shares”),
and such other representations and agreements as may be required by the Company. The Exercise
Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares.
This Option shall be deemed to be exercised upon receipt by the Company of such fully executed
Exercise Notice accompanied by the aggregate Exercise Price.

     No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such
exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the
Shares shall be considered transferred to the Optionee on the date on which the Option is exercised
with respect to such Shares.

     (c) Method of Payment; Withholding. The Optionee may pay the aggregate Exercise Price
and any applicable tax withholding obligations as provided in the Plan and approved by the
Administrator.

     6. Restrictions on Exercise. This Option may not be exercised if the issuance of such Shares upon such exercise or the
method of payment of consideration for such Shares would constitute a violation of any Applicable
Law.

     7. Non-Transferability of Option. This Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of
in any manner otherwise than by will or by the laws of descent or distribution and may be
exercised, during the lifetime of Optionee, only by Optionee. The terms of the Plan and this Award
Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the
Optionee.

     8. Term of Option. This Option may be exercised only within the term set out in the Notice of Grant, and may be
exercised during such term only in accordance with the Plan and the terms of this Option.

     9. Change in Control. As provided in the Plan, upon the occurrence of a Change in Control, this Option may become
exercisable prior to the time provided for under the Vesting Schedule set forth in the Notice of
Grant.

     10. Tax Consequences. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE
SHARES.

III. OTHER TERMS

     11. Entire Agreement; Governing Law. The Plan is incorporated herein by reference. The Plan and this Award Agreement constitute
the entire agreement of the parties with respect to the subject matter hereof and supersede in
their entirety all prior undertakings and agreements of the Company and Optionee with respect to
the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by
means of a writing signed by the Company and Optionee. This Award Agreement is governed by the
internal substantive laws but not the choice of law rules of Indiana.

- 2 -

 

     12. Notices. All notices and other communications required or permitted under this Award Agreement shall
be written and delivered personally or sent by registered or certified first-class mail, postage
prepaid and return receipt required, addressed as follows: if to the Company, to the Company’s
executive offices in West Lafayette, Indiana, and if to the Optionee or his or her successor, to
the residence address last furnished by the Optionee to the Company. Notwithstanding the
foregoing, the Company may authorize notice by any other means it deems desirable or efficient at a
given time, such as notice by facsimile or electronic mail (e-mail). Optionee agrees to notify the
Company upon any change in the Optionee’s residence address.

     13. No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE
HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (NOT THROUGH
THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER
ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE
VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT
INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

     14. Plan Controlling. Subject to Section 18(c) of the Plan, in the event of a
conflict between the terms and conditions of the Plan and this Award Agreement, the terms and
conditions of the Plan shall prevail. Optionee acknowledges receipt of a copy of the Plan and
represents that he or she is familiar with the terms and provisions thereof, and hereby accepts
this Option subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and
this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Award Agreement and fully understands all provisions of the Award
Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Administrator upon any questions arising under the Plan or this Award
Agreement.

     The Company and the Optionee have executed this Award Agreement as of the date first written
above.

	 	 	 	 	 	 	 	 	 

	OPTIONEE	 	 	 	ENDOCYTE, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	

 

	 	 
	 	By:	 	 	 	 
	 

	 	 	 	Name:
	 	 

	 	 
	 

	 	 	 	Title:	 	 	 	 

- 3 -Exhibit 10.1

Exhibit 10.1

Supplemental Agreement No. 16

to

Purchase Agreement No. 3157

between

The Boeing Company

And

Federal Express Corporation

Relating to Boeing Model 777-FREIGHTER Aircraft

THIS SUPPLEMENTAL AGREEMENT, entered into as of the 31st day of January, 2011, by
and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer);

W I T N E S S E T H:

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

WHEREAS, Customer desires to add two (2) Aircraft to the Purchase Agreement with delivery
dates as follows;

Delivery Dates

for

Aircraft

[ * ]

[ * ]

	 	 	 
	*	 	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.

 

S16 - 1

 

Supplemental Agreement 16 to

Purchase Agreement No. 3157

WHEREAS, Customer desires to exercise two (2) Option Aircraft under Letter Agreement
6-1162-RRO-1062 to the Purchase Agreement with delivery months as follows;

Delivery Month

for

Option 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. 16.

	2.	 	Customer and Boeing hereby acknowledge and confirm that two (2) Aircraft with delivery months
of [ * ] and [ * ] are hereby added to the Purchase Agreement, and will be collectively
classified as Block D Aircraft (Block D) and are included in Table 1-D. No later than twelve
(12) months prior to the first month of the quarter of the applicable deliveries for such
Aircraft, Boeing will notify Customer of the delivery month of such Aircraft.

	3.	 	Customer and Boeing hereby acknowledge and confirm that the two (2) Option Aircraft under
Letter Agreement 6-1162-RRO-1062 with delivery months of [ * ] and [ * ] are hereby exercised
by this Supplemental Agreement No. 16 and will be collectively classified as Block C Aircraft
(Block C). Boeing acknowledges and confirms that its right to adjust the scheduled delivery
month of such Option Aircraft by [ * ], as set forth in paragraph 4.1 of Letter Agreement
6-1162-RRO-1062, is hereby waived with respect to the two (2) Option Aircraft exercised
hereby.

	4.	 	Customer and Boeing hereby acknowledge and confirm that:

4.1 Letter agreement 6-1162-RRO-1065 “Aircraft Performance Guarantees for Block B
Aircraft” shall apply to [ * ].

4.2 Letter agreement 6-1162-RRO-1065 “Aircraft Performance Guarantees for Block B
Aircraft” shall apply to [ * ].

	 	 	 
	*	 	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.

 

S16 - 2

 

Supplemental Agreement 16 to

Purchase Agreement No. 3157

	5.	 	Add “Table 1-C2” attached hereto to reflect the delivery dates, pricing and advance payments
of the two (2) Option Aircraft exercised by this Supplemental Agreement No. 16.

	6.	 	Remove and replace, in its entirety, the “Table 1-D” with the revised Table 1-D attached
hereto to reflect the delivery dates, pricing and advance payments of the two (2) incremental
Block D Aircraft added by this Supplemental Agreement No. 16.

	7.	 	Remove and replace, in its entirety, the Attachment to Letter Agreement 6-1162-RRO-1062
entitled “Option Aircraft Delivery, Description, Price and Advance Payments” with the revised
Attachment to Letter Agreement 6-1162-RRO-1062 entitled “Option Aircraft Delivery,
Description, Price and Advance Payments” attached hereto to reflect the deletion of two (2)
Option Aircraft from the Attachment, as such Option Aircraft are being exercised as firm
Aircraft, as well as to reflect other changes made by this Supplemental Agreement No. 16.

	8.	 	Remove and replace, in its entirety, Letter Agreement FED-PA-LA-1000790R1 entitled “Special
Matters for Block C Aircraft” with the revised Letter Agreement FED-PA-LA-1000790R2 entitled
“Special Matters for Block C Aircraft” attached hereto to reflect changes made by this
Supplemental Agreement No. 16.

	9.	 	Remove and replace, in its entirety, Letter Agreement FED-PA-LA-1001683 entitled “Special
Matters for Block D Aircraft” with the revised Letter Agreement FED-PA-LA-1001683R1 entitled
“Special Matters for Block D Aircraft” attached hereto to reflect changes made by this
Supplemental Agreement No. 16.

	10.	 	Customer and Boeing acknowledge and confirm that Letter Agreement 6-1162-RRO-1144R3 entitled
[ * ] is hereby cancelled and replaced in its entirety with Letter Agreement 6-1162-RRO-1144R4 entitled [
* ].

	11.	 	Boeing will use commercially reasonable efforts to offer to Customer [ * ]. Should Boeing be
able to accommodate this change [ * ].

	 	 	 
	*	 	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.

 

S16 - 3

 

Supplemental Agreement 16 to

Purchase Agreement No. 3157

	12.	 	Customer and Boeing agree that the two (2) Block D Aircraft added to the Purchase Agreement
by this Supplemental Agreement No. 16 and the two (2) Option Aircraft exercised by this
Supplemental Agreement No. 16 will be subject to and benefit from the same terms and
conditions as the Aircraft except as set forth herein and in writing signed by authorized
representatives of the parties.

	13.	 	As a result of adding two (2)Block D Aircraft and Customer exercising two (2) Option Aircraft
to the Purchase Agreement, advance payments in the amount of [ * ] will be due concurrent
with Customer’s written confirmation to Boeing as detailed in paragraph 15 below.

	14.	 	This Supplemental Agreement No. 16 shall not be effective unless executed and delivered by
Customer on or prior to January 31, 2011.

	15.	 	This Supplemental Agreement No. 16 shall not be effective unless and until, and the matters
expressed herein are expressly conditioned upon, Customer receiving approval from the board of
directors of Customer’s parent company, FedEx Corporation. Should such approval not be
granted and confirmed in writing by Customer to Boeing by March 21, 2011, this Supplemental
Agreement shall automatically terminate and be null and void in all respects, and neither
party shall owe any obligation to the other party with respect to the matters expressed
herein; provided, however, no such termination shall otherwise impact the parties’ rights and
obligations existing under the Purchase Agreement prior to this Supplemental Agreement. For
the sake of clarity, neither party shall be deemed to be in default hereunder for failing to
have performed any obligation created under this Supplement Agreement, including without
limitation any payment obligation, prior to the receipt by Boeing of the aforementioned
written confirmation.

	 	 	 
	*	 	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.

 

S16 - 4

 

EXECUTED as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	THE BOEING COMPANY	 	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ STUART C. ROSS
 

Its: Attorney-In-Fact
	 	By:
	 	/s/ PHILLIP C. BLUM
 

Its: VP, Aircraft Acquisitions & SAO
	 	 

 

S16 - 5

 

			
	 	 	 
	
	 	 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	SA
	 	 	 	 	 	 	 	 	NUMBER
	ARTICLES	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Quantity, Model and Description	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Delivery Schedule	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Price	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	5.	 	 	Miscellaneous	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	TABLE	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Aircraft Information Table
	 	 	15	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1B	 	 	Block B Aircraft Information Table
	 	 	4	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1C	 	 	Block C Aircraft Information Table
	 	 	13	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1C1	 	 	Block C Aircraft Information Table (MSN [ * ])
	 	 	11	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1C2	 	 	Block C Aircraft Information Table
	 	 	16	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1D	 	 	Block D Aircraft Information Table
	 	 	16	 
	 
	 	 	 	 	 	 	 	 	 	 
	EXHIBIT	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	A.	 	 	Aircraft Configuration
	 	 	4	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	A1.	 	 	Aircraft Configuration (Block B Aircraft)
	 	 	4	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	A2.	 	 	Aircraft Configuration (Block C Aircraft except MSN [ * ])
	 	 	11	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	A3.	 	 	Aircraft Configuration (Block C Aircraft w/ MSN [ * ])
	 	 	11	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	A4.	 	 	Aircraft Configuration (Block D Aircraft)
	 	 	12	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	B.	 	 	Aircraft Delivery Requirements and Responsibilities	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	SUPPLEMENTAL EXHIBITS	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	AE1.
	 	Escalation Adjustment/Airframe and Optional Features	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	CS1.
	 	Customer Support Variables	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	EE1.
	 	Engine Escalation/Engine Warranty and Patent Indemnity	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	SLP1.
	 	Service Life Policy Components	 	 	 	 

	 	 	 
	*	 	Blank spaces contained confidential information 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.

			
	 	 	 
	P.A. No. 3157
	1	SA 16

BOEING PROPRIETARY

 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	SA
	 	 	 	 	NUMBER
	LETTER AGREEMENT	 	 	 	 
	 
	 	 	 	 	 	 
	3157-01

	 	777 Spare Parts Initial Provisioning	 	 	 	 
	 
	 	 	 	 	 	 
	3157-02

	 	Demonstration Flight Waiver	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1785

	 	[ * ]	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1789

	 	Option Aircraft 

Attachment to Letter 6-1162-RCN-1789
	 	Exercised in SA # 4

	 
	 	 	 	 	 	 
	6-1162-RCN-1790

	 	Special Matters	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1791

	 	Performance Guarantees
	 	 	4	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1792

	 	Liquidated Damages Non-Excusable

Delay	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1793

	 	Open Configuration Matters	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1795

	 	AGTA Amended Articles	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1796

	 	777 First-Look Inspection Program	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1797

	 	Licensing and Customer Supplemental Type 

Certificates	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1798

	 	777 Boeing Converted Freighter
	 	Deleted in SA # 4

	 
	 	 	 	 	 	 
	6-1162-RCN-1798 R1

	 	777 Boeing Converted Freighter
	 	 	4	 
	 
	 	 	 	 	 	 
	6-1162-RCN-1799

	 	[ * ]	 	 	 	 
	 
	 	 	 	 	 	 
	6-1162-RRO-1062

	 	Option Aircraft
	 	 	4	 
	 
	 	 	 	 	 	 
	 

	 	Attachment to Letter 6-1162-RRO-1062
	 	 	16	 
	 
	 	 	 	 	 	 
	6-1162-RRO-1065

	 	Performance Guarantees for Block B Aircraft
	 	 	4	 

	 	 	 
	*	 	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.

			
	 	 	 
	P.A. No. 3157
	2	SA 16

BOEING PROPRIETARY

 

 

 

	 	 	 	 	 	 	 
	6-1162-RRO-1066R1

	 	Special Matters for Block B Aircraft
	 	 	4	 
	 
	 	 	 	 	 	 
	6-1162-RRO-1067

	 	Special Matters for Option Aircraft
detailed in Letter Agreement 6-1162-RRO-1062
	 	 	4	 
	 
	 	 	 	 	 	 
	6-1162-RRO-1068

	 	Special Provision — Block B Aircraft
	 	 	4	 
	 
	 	 	 	 	 	 
	FED-PA-LA-1000790R2

	 	Special Matters for Block C Aircraft
	 	 	16	 
	 
	 	 	 	 	 	 
	FED-PA-LA-1001683R1

	 	Special Matters for Block D Aircraft
	 	 	16	 
	 
	 	 	 	 	 	 
	6-1162-RRO-1144R4

	 	[ * ]
	 	 	16	 

	 	 	 
	*	 	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.

			
	 	 	 
	P.A. No. 3157
	3	SA 16

BOEING PROPRIETARY

 

 

 

	 	 	 
	SUPPLEMENTAL AGREEMENTS	 	DATED AS OF:
	 
	 	 
	Supplemental Agreement No. 1

	 	May 12, 2008
	 
	 	 
	Supplemental Agreement No. 2

	 	July 14, 2008
	 
	 	 
	Supplemental Agreement No. 3

	 	December 15, 2008
	 
	 	 
	Supplemental Agreement No. 4

	 	January 9, 2009
	 
	 	 
	Supplemental Agreement No. 5

	 	January 11, 2010
	 
	 	 
	Supplemental Agreement No. 6

	 	March 17, 2010
	 
	 	 
	Supplemental Agreement No. 7

	 	March 17, 2010
	 
	 	 
	Supplemental Agreement No. 8

	 	April 30, 2010
	 
	 	 
	Supplemental Agreement No. 9

	 	June 18, 2010
	 
	 	 
	Supplemental Agreement No. 10

	 	June 18, 2010
	 
	 	 
	Supplemental Agreement No. 11

	 	August 19, 2010
	 
	 	 
	Supplemental Agreement No. 12

	 	September 3, 2010
	 
	 	 
	Supplemental Agreement No. 13

	 	August 27, 2010
	 
	 	 
	Supplemental Agreement No. 14

	 	October 25, 2010
	 
	 	 
	Supplemental Agreement No. 15

	 	October 29, 2010
	 
	 	 
	Supplemental Agreement No. 16

	 	January 31, 2011

			
	 	 	 
	P.A. No. 3157
	4	SA 16

BOEING PROPRIETARY

 

 

 

Table
1-C2 To

Purchase Agreement No. PA-3157

Aircraft Delivery, Description, Price and Advance Payments

	 	 	 	 	 	 	 	 	 	 	 
	Airframe Model/MTOW:                    777-Freighter	 	766000 pounds	 	Detail Specification:              D019W007FED7F-1, Rev B dated July 16, 2010	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Engine Model/Thrust:                           GE90-110B1L

	 	110100 pounds
	 	Airframe Price Base Year/Escalation Formula:
	 	 	Jul-08
 	 	 	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):
	 	 	 	103.1	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Aircraft Basic Price (Excluding BFE/SPE):

	 	[ * ]
	 	Base Year Index (CPI):
	 	 	 	208.2	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Buyer Furnished Equipment (BFE) Estimate:

	 	[ * ]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Seller Purchased Equipment (SPE) Estimate:

	 	[ * ]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Deposit per Aircraft

	 	[ * ]	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Escalation	 	 	 	 	Escalation Estimate	 	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	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	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	Total:
	 	 	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.

					
	 	 	 	 	 
	FED

50271-1F.TXT
	 	BOEING PROPRIETARY
	 	Supplemental Agreement No. 16

Page 1

 

 

 

Table
1-D To

Purchase Agreement No. PA-3157

Aircraft Delivery, Description, Price and Advance Payments

	 	 	 	 	 	 	 	 	 	 	 
	Airframe Model/MTOW:                   777-Freighter	 	766000 pounds	 	Detail Specification:                       D019W007FED7F-1 Rev B dated July 16, 2010
	 
	 	 	 	 	 	 	 	 	 	 
	Engine Model/Thrust:                           GE90-110B1L

	 	110100 pounds
	 	Airframe Price Base Year/Escalation Formula:
	 	 	Jul-10
	 	 	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):
	 	 	 	106.8	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Aircraft Basic Price (Excluding BFE/SPE):

	 	[ * ]
	 	Base Year Index (CPI):
	 	 	 	215.6	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Buyer Furnished Equipment (BFE) Estimate:

	 	[ * ]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Seller Purchased Equipment (SPE) Estimate:

	 	[ * ]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Deposit per Aircraft:

	 	[ * ]	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Escalation	 	 	 	 	 	 	 	 	 	 	Escalation Estimate	 	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	Delivery	 	Number of	 	 	Factor	 	 	 	 	 	 	 	 	 	 	Adv Payment Base	 	 	At Signing	 	 	24 Mos.	 	 	21/18/15/12/9/6 Mos.	 	 	Total	 
	Date	 	Aircraft	 	 	(Airframe)	 	 	MSN	 	 	Deposit	 	 	Price Per A/P	 	 	1%	 	 	4%	 	 	5%	 	 	35%	 
	Block D Aircraft	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	 
	 	 	4	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	[ * ]	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 
	*	 	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.

					
	 	 	 	 	 
	FED

54641-1F.TXT

55684
	 	Boeing Proprietary
	 	Supplemental Agreement No. 16

Page 1

 

 

 

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 NEW	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Engine Model/Thrust:                                 GE90-110B1L

	 	110100 pounds
	 	Airframe Price Base Year/Escalation Formula:
	 	 	Jul-08
	 	 	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):
	 	 	 	103.1	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Aircraft Basic Price (Excluding BFE/SPE):

	 	[ * ]
	 	Base Year Index (CPI):
	 	 	 	208.2	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Buyer Furnished Equipment (BFE) Estimate:

	 	[ * ]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Seller Purchased Equipment (SPE) Estimate:

	 	[ * ]
	 	Forecast: 2Q08	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Deposit/Aircraft at Def Agreemt:

	 	[ * ]	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):	 
	 	 	 	 	 	Escalation	 	 	 	 	Escalation Estimate	 	 	Balance At Option 	 	 	 	 	 	 	 	 	 	 
	Delivery	 	Number of	 	 	Factor	 	 	 	 	Adv Payment Base	 	 	Exercise	 	 	24 Mos.	 	 	21/18/15/12/9/6 Mos.	 	 	Total	 
	Date	 	Aircraft1	 	 	(Airframe)2	 	 	 	 	Price Per A/P	 	 	1%	 	 	4%	 	 	5%	 	 	35%	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 
	[ * ]
	 	 	1	 	 	 	[ * ]	 	 	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 	 	 	[ * ]	 

	 	 	 
	1	 	First two aircraft, with delivery dates of November 2013 and January 2014, were exercised in Supplemental Agreement No. 16.
	 
	2	 	The Escalation Factor for the Option Aircraft will be [ * ].
	 
	*	 	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.

					
	 	 	 	 	 
	FED

50271-1O.TXT
	 	BOEING PROPRIETARY
	 	Supplemental Agreement No. 16

Page 1

 

 

 

January 11, 2011

6-1162-RRO-1144R4

The
Boeing Company
P.O. Box 3707

Seattle,WA 98124-2207

Federal Express Corporation

2955 Republican Drive

Memphis, TN 38118

	 	 	 
	Attention:

	 	Mr. Kevin Burkhart

Managing Director — Aircraft Acquisitions & Sales

	 	 	 
	Subject:

	 	[ * ]
	 
	 	 
	Reference:

	 	Supplemental Agreement No. 8, No. 13, No. 14, No. 15 and
No. 16 to Purchase Agreement 3157, dated November 7, 2006,
between The Boeing Company (Boeing) and Federal Express
Corporation (Customer) relating to Model 777-FREIGHTER Aircraft
(the Aircraft)

Dear Mr. Burkhart:

In consideration of the strong business relationship between Boeing and Customer and Customer
executing Supplemental Agreements No. 8, No. 13, No. 14, No. 15 and No. 16, Boeing has agreed to [
* ].

	 	 	 
	*	 	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.

					
	 	 	 	 	 
	P.A. No. 3157, 6-1162-RRO-1144R4

[*]
	 	 
	 	SA-16

Page 1
	 	 	 	 	 
	 
	 	BOEING PROPRIETARY	 	 

 

 

 

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

Very truly yours,

THE BOEING COMPANY

	 	 	 	 	 
	By

	 	/s/ STUART C. ROSS
	 	 
	 

	 	 	 	 
	 

	 	Its Attorney-In-Fact	 	 
	 
	 	 	 	 
	ACCEPTED AND AGREED TO this	 	 
	 
	 	 	 	 
	Date: January 31, 2011	 	 
	 
	 	 	 	 
	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 
	By

	 	/s/ PHILLIP C. BLUM	 	 
	 

	 	 	 	 
	 

	 	Its VP, Aircraft Acquisitions & SAO	 	 

Attachment

					
	P.A. 3157, 6-1162-RRO-1144R4
	 	 
	 	SA-16
	 	 	 	 	 
	 	 	 	 	 
	[*]
	 	BOEING PROPRIETARY	 	Page 2

 

 

 

Attachment A to 6-1162-RRO-1144R4

[ * ]

	 	 	 
	*	 	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	 	 

 

 

 

	 	 	 
	

	 	The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

FED-PA—LA-1001683R1

Federal Express Corporation

3610 Hacks Cross

Memphis TN 38125

	 	 	 
	Subject:

	 	Special Matters for Block D Aircraft
	 
	 	 
	Reference:

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

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

[ * ]

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.

[ * ]

9. PUBLIC ANNOUNCEMENT

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

	 	 	 
	*	 	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.

					
	 	 	 	 	 
	P.A. 3157, FED-PA-LA-1001683R1
	 	 	 	SA-16
	Special Matters for Block D Aircraft
	 	 
	 	Page 1

BOEING PROPRIETARY

 

 

 

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

10. EFFECTIVENESS

This letter agreement shall not become effective unless and until Supplemental Agreement
No. 16 becomes effective.

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

Very truly yours,

THE BOEING COMPANY

	 	 	 	 	 
	By

	 	/s/ STUART C. ROSS
	 	 
	 

	 	 	 	 
	 

	 	Its Attorney-In-Fact	 	 
	 
	 	 	 	 
	ACCEPTED AND AGREED TO this	 	 
	 
	 	 	 	 
	Date: January 31, 2011	 	 
	 
	 	 	 	 
	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 
	By

	 	/s/ PHILLIP C. BLUM	 	 
	 

	 	 	 	 
	 

	 	Its VP, Aircraft Acquisitions & SAO	 	 

					
	 	 	 	 	 
	P.A. 3157, FED-PA-LA-1001683R1
	 	 	 	SA-16
	Special Matters for Block D Aircraft
	 	 
	 	Page 2

BOEING PROPRIETARY

 

 

 

	 	 	 
	

	 	The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

FED-PA—LA-1000790R2

Federal Express Corporation

3610 Hacks Cross

Memphis TN 38125

Subject: Special Matters for Block C Aircraft

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

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

[ * ]

9. ADVANCE PAYMENT SETOFF RIGHTS

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

[ * ]

	 	 	 
	*	 	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.

					
	 	 	 	 	 
	P.A. 3157, FED-PA-LA-1000790R2
	 	 	 	SA-16
	Special Matters for Block C Aircraft
	 	 
	 	Page 1

BOEING PROPRIETARY

 

 

 

11. PUBLIC ANNOUNCEMENT

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

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

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

12. EFFECTIVENESS

This letter agreement shall not become effective unless and until Supplemental
Agreement No. 16 becomes effective.

					
	 	 	 	 	 
	P.A. 3157, FED-PA-LA-1000790R2
	 	 	 	SA-16
	Special Matters for Block C Aircraft
	 	 
	 	Page 2

BOEING PROPRIETARY

 

 

 

	 	 	 	 	 
	Very truly yours,	 	 
	 
	 	 	 	 
	THE BOEING COMPANY	 	 
	 
	 	 	 	 
	By

	 	/s/ STUART C. ROSS	 	 
	 

	 	 	 	 
	 

	 	Its Attorney-In-Fact	 	 
	 
	 	 	 	 
	ACCEPTED AND AGREED TO this	 	 
	 
	 	 	 	 
	Date: January 31, 2011	 	 
	 
	 	 	 	 
	FEDERAL EXPRESS CORPORATION	 	 
	 
	 	 	 	 
	By

	 	/s/ PHILLIP C. BLUM	 	 
	 

	 	 	 	 
	 

	 	Its VP, Aircraft Acquisitions & SAO	 	 

					
	 	 	 	 	 
	P.A. 3157, FED-PA-LA-1000790R2
	 	 	 	SA-16
	Special Matters for Block C Aircraft
	 	 	 	Page 3

BOEING PROPRIETARY

 

 

 

Supplemental Agreement No. 17

to

Purchase Agreement No. 3157

between

The Boeing Company

And

Federal Express Corporation

Relating to Boeing Model 777-FREIGHTER Aircraft

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

W I T N E S S E T H:

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

WHEREAS, the parties entered into an Aircraft General Terms Agreement, dated November 7, 2006,
as incorporated by reference into the Purchase Agreement (AGTA);

WHEREAS, Customer anticipates, pursuant to that certain Purchase Agreement Assignment between
[ * ] and Customer (Assignment Agreement), taking delivery from Boeing of one (1) new Boeing model
777-F aircraft with manufacturing serial number [ * ]; and

WHEREAS, Boeing and Customer desire that, for the purposes of post-delivery support and
operation, [ * ].

	 	 	 
	*	 	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.

 

S17 - 1

 

Supplemental Agreement 17 to

Purchase Agreement No. 3157

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. AGTA

The entire AGTA, and as amended by Letter Agreement No. 6-1162-RCN-1795 entitled “AGTA Amended
Articles”, shall pertain and be applicable to Customer with respect to [ * ], subject to the
following:

[ * ]

2. Purchase Agreement

The
following provisions of the Purchase Agreement will be applicable to Customer with respect to [ * ].

3. [ * ]

4. Pre-Delivery Inspections, Customer Walk, Customer Flight(s) and Delivery Commitment Letter

Customer shall be entitled, subject to Boeing providing its concurrence, not to be unreasonably
withheld, conditioned or delayed, to a Services Agreement as presented by Customer and [ * ] to
Boeing, to [ * ].

5. [ * ]

6. Document Review

Prior to the delivery of [ * ], Boeing and [ * ] will conduct a document review, [ * ].

	 	 	 
	*	 	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.

 

S17 - 2

 

Supplemental Agreement 17 to

Purchase Agreement No. 3157

7. Disclaimer and Release and Exclusion of Consequential and Other Damages

The DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES in
Article 11 of Part 2 of Exhibit C to the Aircraft General Terms Agreement and the insurance
provisions
in Article 8.2 of the Aircraft General Terms Agreement (as
amended by Letter Agreement No. 6-1162-RCN-1795 entitled AGTA
Amended Articles), will apply to and be binding on Customer and applicable to [ * ].

8. Other Rights and Obligations

For the sake of clarity, it is the parties’ intent to have [ * ] governed under [ * ].

9. Effectiveness

Except with respect to matters, rights, obligations, mutual covenants and entitlements expressed
herein pertaining to pre-delivery matters (which shall be effective as of the date Boeing and
Customer enter this Supplemental Agreement No. 17), the matters, rights, obligations, mutual
covenants and entitlements of Boeing and Customer shall be effective upon [ * ].

EXECUTED as of the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	THE BOEING COMPANY	 	FEDERAL EXPRESS CORPORATION
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ STUART C. ROSS
 

Its: Attorney-In-Fact
	 	By:
	 	/s/ PHILLIP C. BLUM
 

Its: VP, Aircraft Acquisitions & SAO
	 	 	 	 

	 	 	 
	*	 	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.

 

S17 - 3

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