Document:

EX-10.9

 Exhibit 10.9 

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 (I)
IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO FEDEX IF PUBLICLY DISCLOSED. 
  

					
	

	  		  	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

	 	  	 	  	 

 FED-PA-3157-LA-2000601 
 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38118 

 

	Attention:	 Mr. Guy See 

Managing Director – Aircraft Acquisitions & Sales 

 

	Subject:	 [*] 

  

	Reference:	 (a)     Purchase Agreement 3157 between The Boeing Company (Boeing) and Federal
Express Corporation (Customer) dated November 7, 2006 relating to Model 777-FREIGHTER aircraft (777 Purchase Agreement) 

(b)     Letter Agreement
6-1162-RRO-1062; Option Aircraft, between Boeing and Customer dated January 9, 2009, as amended most recently by
Supplemental Agreement No. 30 (Option Aircraft Letter Agreement) 
 This letter agreement (Letter Agreement) amends and supplements the
777 Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the referenced 777 Purchase Agreement. 
  

	1.	 Background. 

  

	 	1.1	 [*]. 

  

	 	1.2	 [*]. 

  

	2.	 Agreement. 

  

	 	[*].	 

  

	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. 

  

					
	 FED-PA-3157-LA-2000601
 [*]
	  	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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

 Very truly yours, 

THE BOEING COMPANY 
 By    /s/ McKenzie
Kuckhahn                 
 Its    Attorney-In-Fact                            
 
 ACCEPTED AND AGREED TO this 
 Date:
February 7, 2020 
 FEDERAL EXPRESS CORPORATION 

By    /s/ Kevin A.
Burkhart                 

Its Vice
President                                

  

					
	 FED-PA-3157-LA-2000601
 [*]
	  	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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed.EX-10.10

 Exhibit 10.10 

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 (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO FEDEX IF PUBLICLY DISCLOSED. 

Supplemental Agreement No. 32 

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

THIS SUPPLEMENTAL AGREEMENT No. 32 (SA-32), entered into as of February 28,
2020 by and between THE BOEING COMPANY (Boeing) and FEDERAL EXPRESS CORPORATION (Customer); 
 W I T
N E S S E T H: 
 A.        WHEREAS, the parties
entered into that certain Purchase Agreement No. 3157, dated November 7, 2006 (Purchase Agreement), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER Aircraft
(Aircraft); 
 B.        WHEREAS, Customer and Boeing desire to reschedule the delivery month
of two (2) Block E1 Aircraft, as shown in the table below (SA-32 Accelerated Block E1 Aircraft): 
  

																	
	 Aircraft

Block    
	  	MSN	 	  	Table	 	  	Existing Delivery
Month
of Aircraft	 	  	Revised Delivery
Month
of Aircraft	 
	 E1
	  	 	66257	 	  	 	1-E1	 	  	 	[*	] 	  	 	[*	] 
	 E1
	  	 	66258	 	  	 	1-E1	 	  	 	[*	] 	  	 	[*	] 

 C.         [*]. 

D.         [*]. 

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. 

  

					
	P.A. No. 3157	 	1	 	SA-32

 BOEING PROPRIETARY 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 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. 32. 

2.        Boeing and Customer agree that upon execution of this Supplemental Agreement No. 32 the
SA-32 Accelerated Block E1 Aircraft are hereby rescheduled as described in Recital Paragraph B above. 

3.        Remove and replace, in its entirety, “Table
1-E1” Block E Firm Aircraft Information Table (Block E1), with the revised Table 1-E1, attached hereto, to reflect the revised delivery date month, [*], [*],
and [*] resulting from the acceleration of the two (2) Block E1 Aircraft described in Recital Paragraph B above. 

4.        Remove and replace, in its entirety, Letter Agreement 6-1169-LKJ-0778, SA-30 [*] Matters, with Letter Agreement
6-1169-LKJ-0778R1, SA-30 and SA-32 [*]
Matters, attached hereto, to [*]. 
 5.        Add new Letter Agreement FED-PA-3157-LA-2000906, [*] as related to SA-32 and SA-14, to the Purchase Agreement, to [*]. 
 6.        This
Supplemental Agreement No. 32 to the Purchase Agreement shall not be effective unless (i) executed and delivered by the parties on or prior to February 28, 2020, and (ii) Customer and Boeing execute and deliver Supplemental
Agreement No. 14 to Purchase Agreement No. 3712 on or prior to February 28, 2020. 

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

					
	 Reference
	  	Replacement Reference	 
	
6-1169-LKJ-0778

	  	 	6-1169-LKJ-0778R1	 

  

					
	P.A. No. 3157	 	2	 	SA-32

 BOEING PROPRIETARY 

 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 EXECUTED as of the day and year first above written. 

 

									
	FEDERAL EXPRESS CORPORATION	 		 		 	THE BOEING COMPANY
					
	By:	 	 /s/ Kevin A. Burkhart
	 		 	By:	 	 /s/ Steve Otto

					
	Name:	 	 Kevin A. Burkhart
	 		 	Name:	 	 Steve Otto

					
	Title:	 	 Vice President
	 		 	Title:	 	
Attorney-In-Fact

  

					
	P.A. No. 3157	 	3	 	SA-32

 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
	  	 	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)
	  	 	32	 
				
		 	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	 	4	 	SA-32

 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
	  	 	  4	 
			
		  	 Attachment to Letter 6-1162-RRO-1062
	  	 	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-1067R1	  	 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-193R1	  	 [*] Matters and [*] Special Matters
	  	 	30	 

  

					
	P.A. No. 3157	 	5	 	SA-32

 BOEING PROPRIETARY 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

					
	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

  

					
	P.A. No. 3157	 	6	 	SA-32

 BOEING PROPRIETARY 

 

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

			
	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	 	7	 	SA-32

 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 
	  	            , 2020

  

					
	P.A. No. 3157	 	8	 	SA-32

 BOEING PROPRIETARY 

					
	

	 		 	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

  

			
	 6-1169-LKJ-0778R1 
	  	 FedEx contract #

 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38125 

 

	Subject:	 SA-30 and SA-32 [*]
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 and SA-32 to the 777 Purchase Agreement, as well as SA-11 and SA-14 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-0778R1
 SA-30 and
SA-32 [*] Matters
	 		 	 SA-32

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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  
 1.1    [*] 

Table 1.1 
  

											
	 Table in

PA        
	  	Contracted
Delivery Date	 	MSN+	  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	
	 Table 1-A
	  	[*]	 	40676	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40679	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66256	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40673	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40676	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40679	  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	
	 Table 1-A
	  	[*]	 	40676	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40679	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66259	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66260	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66259	  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	
	 Table 1-E2
	  	[*]	 	66264	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66260	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66262	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66265	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66263	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66259	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66264	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66260	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66262	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66265	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66263	  	[*]	 	[*]	 	[*]
	 Table 1-E2
	  	[*]	 	66264	  	[*]	 	[*]	 	[*]
	+ Manufacture Serial Number(s) (MSNs) identified are for informational purposes only and subject to change.	  	[*]	 	[*]	 	
	  	[*]	 	[*]	 	

  

					
			
	 6-1169-LKJ-0778R1
 SA-30 and
SA-32 [*] Matters
	 		 	 SA-32

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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  
 1.2    [*] 

Table 1.2 
  

											
	 Table in

PA        
	  	Contracted
Delivery Date	 	MSN+	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66256	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40676	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40679	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66255	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66256	  	[*]	 	[*]	 	[*]
	 Table 1-A
	  	[*]	 	40673	  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	

 Table 1.3 
  

											
	 Table in

PA        
	  	Contracted
Delivery Date	 	MSN+	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
		  		 		  	[*]	 	[*]	 	
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66257	  	[*]	 	[*]	 	[*]
	 Table 1-E1
	  	[*]	 	66258	  	[*]	 	[*]	 	[*]
	 + Manufacture Serial Number(s) (MSNs) identified are for informational purposes only and subject to change. 
	  	[*]	 	[*]	 	
	  	[*]	 	[*]	 	

  

					
			
	 6-1169-LKJ-0778R1
 SA-30 and
SA-32 [*] Matters
	 		 	 SA-32

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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  
 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. 
  

									
	ACCEPTED AND AGREED TO this	 		 		 	
					
	Date:	 	 February 28, 2020
	 		 		 	
				
	FEDERAL EXPRESS CORPORATION	 		 		 	THE BOEING COMPANY
					
	By:	 	 /s/ Kevin A. Burkhart
	 		 	By:	 	 /s/ Steve Otto

					
	Name:	 	 Kevin A. Burkhart
	 		 	Name:	 	 Steve Otto

					
	Title:	 	 Vice President
	 		 	Title:	 	
Attorney-In-Fact

  

					
			
	 6-1169-LKJ-0778R1
 SA-30 and
SA-32 [*] Matters
	 		 	 SA-32

Page 4

 BOEING
PROPRIETARY 
  

	*	 Blank spaces contained confidential information that has been excluded pursuant to Item 601(b)(10)(iv) of
Regulation S-K because it (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

					
	

	 		 	 The Boeing Company
 P.O. Box 3707

Seattle, WA 98124-2207

  

			
	 FED-PA-3157-LA-2000906
	  	 FedEx contract #

 Federal Express Corporation 

3131 Democrat Road 
 Memphis, TN 38125 

 

	Subject:	 [*] as related to SA-32 and
SA-14 

  

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

(b) Purchase Agreement No. 3712 between Boeing and Customer relating to Model 767-3S2F aircraft
(767 Purchase Agreement) 
 (c) Letter Agreement FED-PA-03712-LA-1106159R1, Special Matters Concerning [*], associated with the 767 Purchase Agreement 

(d) Letter Agreement No.
6-1169-LKJ-0778R1, SA-30 and SA-32 [*]
Matters, associated with the 777 Purchase Agreement 
 This letter agreement (Letter Agreement) amends and supplements the 777
Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the 777 Purchase Agreement and the 767 Purchase Agreement. 

1.    Background. 
 In
consideration of the strong business relationship between Boeing and Customer and Customer executing Supplemental Agreement No. 32 to the 777 Purchase Agreement (SA-32) and Supplemental Agreement
No. 14 to the 767 Purchase Agreement (SA-14), Boeing has agreed to [*]. 
 2.
    [*]. 
 2.1    [*] 

2.2    [*] 

  

					
	 FED-PA-3157-LA-2000906
 [*] as related to SA-32
and SA-14
	 		 	 SA-32

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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed. 

 

 
  

									
	ACCEPTED AND AGREED TO this	 		 		 	
					
	Date:	 	 February 28, 2020
	 		 		 	
				
	FEDERAL EXPRESS CORPORATION	 		 		 	THE BOEING COMPANY
					
	By:	 	 /s/ Kevin A. Burkhart
	 		 	By:	 	 /s/ Steve Otto

					
	Name:	 	 Kevin A. Burkhart
	 		 	Name:	 	 Steve Otto

					
	Title:	 	 Vice President
	 		 	Title:	 	
Attorney-In-Fact

 Omitted Attachment 

An attachment to this exhibit regarding delivery and pricing of certain B777F aircraft manufactured by The Boeing Company for FedEx has 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 a copy of this attachment to the
Securities and Exchange Commission or its staff upon request. 

  

					
	 FED-PA-3157-LA-2000906
 [*] as related to SA-32
and SA-14
	 		 	 SA-32

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 (i) is not material and (ii) would likely cause competitive harm to FedEx if publicly disclosed.

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