Document:

EX-10.42

  
   
    Exhibit 10.42 

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

     

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

     

     

    PA-3157-LA-06981 

    September 14th, 2018 

    Federal Express Corporation 

    3131 Democrat Road 

    Memphis, TN 38118 

     

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

		
	Subject:	  	[*]
		
	References:	  	Purchase Agreement 3157 between the Boeing Company (Boeing) and Federal Express Corporation (Customer) dated November 7, 2006 relating to 777-Freighter Aircraft (Purchase Agreement)

    All terms used but not defined in this letter shall have the same meaning as in the Purchase Agreement. 

    1. [*] 

    2. [*] 

    3. Confidentiality. Customer understands and agrees that the information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer agrees to 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. 

     

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

     

    					
	PA-3157-LA-06981	  	BOEING PROPRIETARY	  	Page 1

   

  
   

  

  
   
     

      

    Very truly yours, 

     

    					
	    	 	THE BOEING COMPANY
			
		 	By	 	 /s/ Dennis A. Toy

			
		 	Its	 	 Attorney-In-Fact

        ACCEPTED AND AGREED TO this 

     

    			
	    Date:	 	 September 14, 2018

     

    			
	    FEDERAL EXPRESS CORPORATION
		
	    By	 	 /s/ Kevin A. Burkhart

		
	    Its	 	 Vice President

    Omitted Attachments 

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

     

     

    					
	PA-3157-LA-06981	  	BOEING PROPRIETARY	  	Page 2EX-10.52

  
   
    Exhibit 10.52 

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

     

      

    Supplemental Agreement No. 36 

    to 

    Purchase Agreement No. 3157 

    between 

    The Boeing Company 

    And 

    Federal Express Corporation 

    Relating to Boeing Model 777-FREIGHTER Aircraft 

    THIS SUPPLEMENTAL AGREEMENT No. 36 (SA-36), entered into as of June 1,_2022 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. 3157, dated November 7, 2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER Aircraft (Aircraft); 

    B. WHEREAS, Customer desires to reschedule the delivery month of six (6) Option Aircraft under Letter Agreement 6-1162-RRO-1062R2, Option Aircraft, to the Purchase Agreement as shown summarized in the table below; 

     

    									
	 #
	  	Existing Delivery
Month of Option
Aircraft	 	Existing Option
Exercise Date	 	Revised Delivery
Month of Option
Aircraft	 	Revised Option
Exercise Date
	 1
	  	[*]	 	[*]	 	[*]	 	[*]
	 2
	  	[*]	 	[*]	 	[*]	 	[*]
	 3
	  	[*]	 	[*]	 	[*]	 	[*]
	 4
	  	[*]	 	[*]	 	[*]	 	[*]
	 5
	  	[*]	 	[*]	 	[*]	 	[*]
	 6
	  	[*]	 	[*]	 	[*]	 	[*]

     

    					
	P.A. No. 3157	  	 1
  
	  	SA-36
		  	BOEING PROPRIETARY	  	

     

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

   

  
   

  

  
   
      

     

    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. The Table of Contents is hereby deleted in its entirety and replaced with the revised Table of Contents, attached hereto and incorporated into the Purchase Agreement to reflect the changes made by this SA-36. 

    2. Letter Agreement No. 6-1162-RRO-1062R2, entitled Option Aircraft, is hereby deleted in its entirety and replaced with Letter Agreement 6-1162-RRO-1062R3, Option Aircraft, including the associated attachment, attached hereto, to reflect the revised delivery dates and revised option exercise dates of six (6) Option Aircraft described in Recital Paragraph B above. For the avoidance of doubt, Boeing and Customer acknowledge and agree that the rescheduling of the six (6) Option Aircraft described in Recital Paragraph B above is not made pursuant to paragraph 4.2 of Letter Agreement 6-1162-RRO-1062R2, Option Aircraft, and accordingly, [*]. Boeing and Customer further agree that, notwithstanding the reschedule, the Option Aircraft described in Recital Paragraph B will retain the performance guarantees set forth in 6-1162-RRO-1065, Performance Guarantees for Block B Aircraft. 

    3. Letter Agreement No 6-1162-RRO-1067R3 entitled Special Matters for Options as detailed in Letter Agreement 6-1162-RRO-1062R2, is hereby deleted in its entirety and replaced with Letter Agreement No. 6-1162-RRO-1067R4, entitled Special Matters for Options as detailed in Letter Agreement 6-1162-RRO-1062R3, attached hereto, to reflect the letter agreement revision described in Article 2 above. 

    4. This SA-36 to the Purchase Agreement shall not be effective unless executed and delivered by the parties on or prior to June 30, 2022. 

    5. References in the Purchase Agreement and any supplemental agreements and associated letter agreements to letter agreements listed in the left column of the below table shall be deemed to refer to the corresponding letter agreement listed in the right column of the below table. 

     

    					
	 	 	 Reference
	  	 Replacement Reference

		 	6-1162-RRO-1062R2	  	6-1162-RRO-1062R3
		 	6-1162-RRO-1067R3	  	6-1162-RRO-1067R4

     

    					
	P.A. No. 3157	  	 2
  
	  	SA-36
		  	BOEING PROPRIETARY	  	

     

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

   

  
   

  

  
   
      

     

    EXECUTED as of the day and year first above written. 

     

    							
	FEDERAL EXPRESS CORPORATION	 		 	THE BOEING COMPANY
				
	By:	 	 /s/ Kevin A. Burkhart
	 	By:	 	 /s/ McKenzie Kuckhahn

				
	Name:	 	 Kevin A. Burkhart
	 	Name:	 	 McKenzie Kuckhahn

				
	Title:	 	 Vice President
	 	Title:	 	 Attorney-In-Fact

     

    					
	P.A. No. 3157	  	3	  	SA-36
		  	BOEING PROPRIETARY	  	

   

  
   

  

  
   
      

     

    TABLE OF CONTENTS 

     

    							
	 ARTICLES
	  	SA
NUMBER	 
	 1.
	 	Quantity, Model and Description	  			
	 2.
	 	Delivery Schedule	  			
	 3.
	 	Price	  			
	 4.
	 	Payment	  			
	 5.
	 	Miscellaneous	  			
		
	TABLES	  			
			
	 1.
	 	Aircraft Information Table	  	 	30	 
	 1-A
	 	Block B Firm Aircraft Information Table	  	 	31	 
	 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	  	 	31	 
	 1-E1
	 	Block E Firm Aircraft Information Table (Block E1)	  	 	34	 
	 1-E2
	 	Block E Conditional Firm and Firm Aircraft Information Table (Block E2)	  	 	34	 
		
	EXHIBITS	  			
			
	 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	  	 1
  
	  	SA-36
		  	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-1062R3	  	Option Aircraft	  	36
		  	Attachment to Letter 6-1162-RRO-1062R3	  	36
	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-1067R4	  	Special Matters for Option Aircraft detailed in Letter Agreement 6-1162-RRO-1062R3	  	36
	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-193R1	  	[*] Matters and [*] Special Matters	  	30

     

    					
	P.A. No. 3157	  	 2
  
	  	SA-36
		  	BOEING PROPRIETARY	  	

     

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

   

  
   

  

  
   
      

     

    							
	 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-0778R1	  	SA-30 and SA-32 [*] Matters	  	 	32	 
	FED-PA-3157-LA-2000906	  	[*] as related to SA-32 and SA-14	  	 	32	 
	FED-PA-3157-LA-1902776R1	  	Revisions to the Detailed Specification and Associated Unincorporated Changes Pricing for 777F Aircraft	  	 	33	 
	FED-PA-3157-LA-2104529	  	Revision of Certain 777 Option Aircraft	  	 	34	 

     

    					
	P.A. No. 3157	  	 3
  
	  	SA-36
		  	BOEING PROPRIETARY	  	

     

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

   

  
   

  

  
   
      

     

    			
	 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	  	 4
  
	  	SA-36
		  	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 18, 2018
	Supplemental Agreement No. 31	  	September 14, 2018
	Supplemental Agreement No. 32	  	February 28, 2020
	Supplemental Agreement No. 33	  	December 30, 2020
	Supplemental Agreement No. 34	  	October 13, 2021
	Supplemental Agreement No. 35	  	December 10, 2021
	Supplemental Agreement No. 36	  	June 1, 2022

     

    					
	P.A. No. 3157	  	 5
  
	  	SA-36
		  	BOEING PROPRIETARY	  	

   

  
   

  

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

     

     

    6-1162-RRO-1062R3 

    Federal Express Corporation 

    3610 Hacks Cross 

    Memphis TN 38125 

     

    			
	Subject:	  	Option 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) cancels and supersedes Letter Agreement No. 6-1162-RRO-1062R2 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. 

    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 (Option Aircraft). The delivery months, number of aircraft, Advance Payment Base Price per Option Aircraft and advance payment schedule are listed in the Attachment to this Letter Agreement. The Airframe Price shown includes the Engine Price.  

     

    	1.	 Aircraft Description and Changes 

    1.1 Option Aircraft Description: The Option Aircraft are described by the Detail Specification listed in the Attachment. 

    1.2 Changes: The Detail Specification of the Option Aircraft will be D019W007FED7F-1, Rev NEW, as revised to reflect: 

     

    	 	(i)	 Changes that have been made to the Detail Specification of Customer’s Aircraft under the Purchase Agreement between the date of this letter and the time of Customer’s exercise of each option; 

     

    	 	(ii)	 Changes required to obtain required regulatory certificates; and 

     

    	 	(iii)	 Changes mutually agreed upon. 

    1.3 [*] 

     

     

    			
	LA No. 6-1162-RRO-1062R3	  	P.A. No. 3157 (SA-36)
	Option Aircraft	  	Page 1
	BOEING PROPRIETARY

     

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

   

  
   

  

  
   
      

     

    	2.	 Price 

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

    2.2 Price Adjustments. 

    2.2.1 Changes. The price of the Option Aircraft will be adjusted to reflect changes discussed in paragraph 1.2 above, provided that the price for changes in 1.2 (ii) are subject to the terms of Section 3.2.2 of the AGTA [*]. 

    2.2.2 Optional Features. Unless otherwise agreed by the parties, the Option Aircraft will contain the same Optional Features shown in Exhibit A2 to the Purchase Agreement, and the price of such Optional Features is shown in the Attachment hereto. 

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

     

    	3.	 Payment. 

    3.1 [*] 

    3.1.1. [*] 

    3.2 Following option exercise, advance payments in the amounts and at the dates pursuant to the appropriate advance payment schedule as set forth in the Attachment will be payable for the Option Aircraft. The remainder of the Aircraft Price for the Option Aircraft will be paid at the time of delivery. 

    4. Option Exercise. 

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

     

    	 	4.1.1	 Notwithstanding Section 4.1 above, Customer and Boeing agree to revise the Option Exercise Date of six (6) Option Aircraft to [*], as summarized in Table A below: 

     

    			
	LA No. 6-1162-RRO-1062R3	  	P.A. No. 3157 (SA-36)
	Option Aircraft	  	Page 2
	BOEING PROPRIETARY

     

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

   

  
   

  

  
   
      

     

    Table A 

     

    					
	 #
	  	Delivery Month of
Option Aircraft	 	Option Exercise Date
	 1
	  	[*]	 	[*]
	 2
	  	[*]	 	[*]
	 3
	  	[*]	 	[*]
	 4
	  	[*]	 	[*]
	 5
	  	[*]	 	[*]
	 6
	  	[*]	 	[*]

    4.2 [*] 

     

    	5.	 Contract Terms. 

    Boeing and Customer will use their best efforts to amend the definitive agreement to add the exercised Option Aircraft as an Aircraft within 30 days following option exercise. 

     

    	6.	 Confidential Treatment. 

    Customer understands that certain commercial and financial information contained in this Letter Agreement 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. 

     

    			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 /s/ McKenzie Kuckhahn

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	June 1 , 2022
	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Kevin A. Burkhart

		
	Its	 	 Vice President

	
	Attachment

     

     

     

    			
	LA No. 6-1162-RRO-1062R3	  	P.A. No. 3157 (SA-36)
	Option Aircraft	  	Page 3
	BOEING PROPRIETARY

     

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

   

  
   

  

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

     

     

    6-1162-RRO-1067R4 

    Federal Express Corporation 

    3131 Democrat Road 

    Memphis TN 38125 

     

    			
	Subject:	  	Special Matters for Option Aircraft detailed in Letter Agreement 6-1162-RRO-1062R3 
		
	References:	  	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-1062R3 Option Aircraft

    This letter agreement (Letter Agreement) cancels and supersedes Letter Agreement 6-1162-RRO-1067R3 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.	 [*] 

    [*] 

     

    	5.	 [*] 

    [*] 

     

    	6.	 INCREMENTAL AIRCRAFT COMMITMENT [*]. 

    [*] 

     

     

    			
	6-1162-RRO-1067R4	  	P.A. No. 3157 (SA-36)
		  	Page 1
	BOEING PROPRIETARY

     

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

   

  
   

  

  
   
      

     

    	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. 

     

    	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. 

     

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

     

    			
	6-1162-RRO-1067R4	  	P.A. No. 3157 (SA-36)
		  	Page 2
	BOEING PROPRIETARY

   

  
   

  

  
   
      

     

    	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. 

     

    			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 /s/ McKenzie Kuckhahn

		
	Its	 	 Attorney-In-Fact

	
	ACCEPTED AND AGREED TO this
		
	Date:	 	June 1, 2022
	
	FEDERAL EXPRESS CORPORATION
		
	By	 	 /s/ Kevin A. Burkhart

		
	Its	 	 Vice President

    Omitted Attachments 

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

     

    			
	6-1162-RRO-1067R4	  	P.A. No. 3157 (SA-36)
		  	Page 3
	BOEING PROPRIETARY

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