EX-10.2 3 c09683exv10w2.htm EXHIBIT 10.2 Exhibit 10.2
Exhibit 10.2
Supplemental Agreement No. 12
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 3rd day of September, 2010, 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) new Aircraft to the Purchase Agreement with delivery months as follows;
     
Delivery Month for
new Aircraft
 
[ * ]
[ * ]
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree to supplement the Purchase Agreement as follows:
     
*   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.

 

S12 - 1

 

Supplemental Agreement 12 to
Purchase Agreement No. 3157
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. 12.
 
2.   Customer and Boeing hereby acknowledge and confirm that two (2) new Aircraft with delivery months of [ * ] and [ * ] are hereby added to the Purchase Agreement and will be collectively called Block D Aircraft (Block D).
 
3.   [ * ]
 
4.   Table 1-D attached hereto is hereby added to the Purchase Agreement to incorporate the delivery dates and pricing of the Block D Aircraft.
 
5.   Exhibit A4 is hereby added to the Purchase Agreement to incorporate an updated Detail Specification and to reflect the Optional Features [ * ] for all Block D Aircraft.
 
6.   Customer and Boeing agree that the Block D Aircraft 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 the authorized representatives of the parties.
 
7.   Customer and Boeing agree that the Block D Aircraft will be treated exactly as Block B Aircraft except:
  7.1   Delivery dates and pricing of Block D Aircraft will be determined by Table 1-D.
 
  7.2   Letter Agreement FED-PA—LA-1001683 titled “Special Matters for Block D Aircraft” attached hereto is hereby added to the Purchase Agreement to reflect certain agreements between Customer and Boeing with respect to Block D Aircraft.
 
      [ * ]
9.   As a result of adding the Block D Aircraft to the Purchase Agreement, [ * ].
     
*   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.

 

S12 - 2

 

Supplemental Agreement 12 to
Purchase Agreement No. 3157
11.   Boeing’s offer to add the Block D Aircraft to the Purchase Agreement will expire on September 3, 2010, if not accepted by written notice by such date.
12.   This Supplemental Agreement 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 September 28, 2010, 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.
EXECUTED as of the day and year first above written.
         
THE BOEING COMPANY
  FEDERAL EXPRESS CORPORATION    
 
        
By: /s/ RICHARD R. OCHS
  By: /s/ PHILLIP C. BLUM    
 
  
 
    
Its: Attorney-In-Fact
 
Its: VP, Aircraft Acquisitions & SAO
    

 

S12 - 3

 

TABLE OF CONTENTS
             
        SA  
ARTICLES       NUMBER  
 
            
1.
   Quantity, Model and Description        
 
            
2.
   Delivery Schedule        
 
            
3.
   Price        
 
            
4.
   Payment        
 
            
5.
   Miscellaneous        
 
            
TABLE        
 
            
1.
   Aircraft Information Table     5  
 
            
1B
   Block B Aircraft Information Table     4  
 
            
1C
   Block C Aircraft Information Table     11  
 
            
1C1
   Block C Aircraft Information Table (MSN [ * ])     11  
 
            
1D
   Block D Aircraft Information Table     12  
 
            
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   SA 12
BOEING PROPRIETARY

 

1

 

             
        SA
LETTER AGREEMENT       NUMBER
 
            
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  
 
            
6-1162-RRO-1065
  Performance Guarantees for Block B Aircraft     4  
 
            
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-1000790R1
  Special Matters for Block C Aircraft     11  
 
            
FED-PA—LA-1001683
  Special Matters for Block D Aircraft     12  
     
*   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   SA 12
BOEING PROPRIETARY

 

2

 

     
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
     
P.A. No. 3157   SA 12
BOEING PROPRIETARY

 

3

 

Table 1-D To
Purchase Agreement No. PA-03157
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)   Price Per A/P   1%   4%   5%   35%
Block D Aircraft                            
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]
     
*   Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
         
FED       Supplemental Agreement No. 12
Boeing Proprietary

 

Page 1

 

Exhibit A4 to
Purchase Agreement No. 3157
Page 1
BLOCK D AIRCRAFT CONFIGURATION
Dated September 3, 2010
relating to
BOEING MODEL 777-FREIGHTER BLOCK D AIRCRAFT
The Detail Specification for FedEx is Detail Specification D019W007FED7F-1, Rev B. Such Detail Specification will be comprised of Boeing Configuration Specification D019W007 Rev D and as amended to incorporate the Options attached here to, including the effects on Manufacturer’s Empty Weight (MEW) and Operating Empty Weight (OEW).
The Aircraft Basic Price reflects and includes all effects of such Optional Features, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment.
Supplemental Agreement No. 12

 

 

 

     
Exhibit A4 to
Purchase Agreement No. 3157
  BOEING PROPRIETARY
         
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Supplemental Agreement No. 12   BOEING PROPRIETARY    

 

Page 1

 

     
Exhibit A4 to
Purchase Agreement No. 3157
  BOEING PROPRIETARY
         
[ * ]   [ * ]   [ * ]
[ * ]   [ * ]   [ * ]
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Supplemental Agreement No. 12   BOEING PROPRIETARY    

 

Page 2

 

     
Exhibit A4 to
Purchase Agreement No. 3157
  BOEING PROPRIETARY
         
[ * ]   [ * ]   [ * ]
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*   Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
         
Supplemental Agreement No. 12   BOEING PROPRIETARY    

 

Page 3

 

FED-PA-LA-1001683
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.
[ * ]
     
*   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 (SA # 12)
BOEING PROPRIETARY

 

 

 

FED-PA—LA-1001683
Page 2
9.   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 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.
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.
         
Very truly yours,    
 
        
THE BOEING COMPANY    
 
        
By:
  /s/ RICHARD R. OCHS    
 
   Its:  Attorney-In-Fact    
 
        
ACCEPTED AND AGREED TO this    
 
        
Date: September 3, 2010    
 
        
FEDERAL EXPRESS CORPORATION    
 
        
By:
  /s/ PHILLIP C. BLUM    
 
   Its:  VP, Aircraft Acquisitions & SAO    
P.A. No. 3157 (SA # 12)
BOEING PROPRIETARY

 

 

 

Supplemental Agreement No. 14
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 25th of October 2010,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); and
WHEREAS, Customer desires to re-schedule the delivery of one (1) Aircraft (Rescheduled Aircraft) as follows;
         
Serial   Current Delivery   Revised Delivery
Number   Month per SA # 8   Month
[ * ]   [ * ]   [ * ]
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree to supplement the Purchase Agreement as follows:
     
*  
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.

 

S14 - 1

 

Supplemental Agreement 14 to
Purchase Agreement No. 3157
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. 14.
2.  
Remove and replace, in its entirety, Table 1 to the Purchase Agreement with the revised Table 1 attached hereto to reflect changes relating to the Rescheduled Aircraft.
3.  
Customer hereby acknowledges and confirms that [ * ].
4.  
Customer and Boeing hereby acknowledge and confirm that Letter Agreement 6-1162-RRO-1144R1 is hereby cancelled and replaced in its entirety with Letter Agreement 6-1162-RRO-1144R2.
5.  
Boeing’s offer to re-schedule the Rescheduled Aircraft (MSN [ * ]) will expire on November 1, 2010.
EXECUTED as of the day and year first above written.
                 
THE BOEING COMPANY       FEDERAL EXPRESS CORPORATION
 
                
By:
  /s/ STUART C. ROSS       By:   /s/ PHILLIP C. BLUM
 
               
 
  Its: Attorney-In-Fact           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.

 

S14 - 2

 

TABLE OF CONTENTS
                 
            SA  
ARTICLES       NUMBER  
       
 
        
  1.    
Quantity, Model and Description
        
       
 
        
  2.    
Delivery Schedule
        
       
 
        
  3.    
Price
        
       
 
        
  4.    
Payment
        
       
 
        
  5.    
Miscellaneous
        
       
 
        
TABLE            
       
 
        
  1.    
Aircraft Information Table
    14  
       
 
        
  1B    
Block B Aircraft Information Table
    4  
       
 
        
  1C    
Block C Aircraft Information Table
    13  
       
 
        
  1C1    
Block C Aircraft Information Table (MSN [ * ])
    11  
       
 
        
  1D    
Block D Aircraft Information Table
    12  
       
 
        
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       SA 14
 
    BOEING PROPRIETARY    

 

1

 

             
        SA  
LETTER AGREEMENT       NUMBER  
 
            
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  
 
            
6-1162-RRO-1065
  Performance Guarantees for Block B Aircraft     4  
 
            
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-1000790R1
  Special Matters for Block C Aircraft     11  
 
            
FED-PA—LA-1001683
  Special Matters for Block D Aircraft     12  
     
*  
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       SA 14
 
    BOEING PROPRIETARY    

 

2

 

     
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
         
P.A. No. 3157       SA 14
 
    BOEING PROPRIETARY    

 

3

 

Table 1 to
Purchase Agreement No. 3157
Aircraft Delivery, Description, Price and Advance Payments
                         
Airframe Model/MTOW:
   777-Freighter   766000 pounds     Detail Specification:   D019W007FED7F-1, Rev
B dated July 16, 2010
Engine Model/Thrust:
   GE90-110B1L   110100 pounds     Airframe Price Base Year/Escalation Formula:   Jul-06   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):   180.3  
Aircraft Basic Price (Excluding BFE/SPE):
         [ * ]     Base Year Index (CPI):   195.4  
 
                      
Buyer Furnished Equipment (BFE) Estimate:
         [ * ]              
Seller Purchased Equipment (SPE) Estimate:
         [ * ]              
Refundable Deposit/Aircraft at Proposal Accept:
         [ * ]              
                             
                Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
        Escalation   Escalation Estimate   Balance At            
Delivery   Number of   Factor   Adv Payment Base   Signing   24 Mos.   21/18/15/12/9/6 Mos.   Total
Date   Aircraft   (Airframe)   Price Per A/P   1%   4%   5%   35%
Aircraft                            
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   2   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   2   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
     
Note:  
Boeing and Customer acknowledge that letter 6-1162-RRO-1069 “Delivery Notice and Excusable Delay for Aircraft with Delivery Dates of [ * ] has been sent to Customer. [ * ]
 
*  
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       Supplemental Agreement No. 14
Boeing Proprietary

 

Page 1

 

(BOEING LOGO)
The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207
October 19, 2010
6-1162-RRO-1144R2
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 and No. 14 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 and No. 14, 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.
Boeing Proprietary

 

 

 

(BOEING LOGO)
6-1162-RRO-1144R2
October 19, 2010
Page 2
Further Customer agrees and acknowledges that Attachment A can not be revised/modified in anyway 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: October 26, 2010
FEDERAL EXPRESS CORPORATION
         
By:
  /s/ PHILLIP C. BLUM
 
Its: VP, Aircraft Acquisitions & SAO 		   
Boeing Proprietary

 

 

 

Attachment A to 6-1162-RRO-1144R2
October 19, 2010 		  Page 1 of 1
Federal Express
PA 3157
[ * ]
     
*  
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

 

 

 

Supplemental Agreement No. 15
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 29th of October 2010, 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); and
WHEREAS, Customer and Boeing desire to re-schedule the delivery of two (2) Aircraft (Rescheduled Aircraft) as follows;
         
Serial   Current Delivery   Revised Delivery
Number   Month per SA # 14   Month
[ * ]   [ * ]   [ * ]
[ * ]   [ * ]   [ * ]
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree to supplement the Purchase Agreement as follows:
     
*   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.

 

S15 - 1

 

Supplemental Agreement 15 to
Purchase Agreement No. 3157
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. 15.
2.   Remove and replace, in its entirety, Table 1 to the Purchase Agreement with the revised Table 1 attached hereto to reflect changes relating to the Rescheduled Aircraft.
3.   Customer and Boeing hereby acknowledge and confirm that Letter Agreement 6-1162-RRO-1144R2 is hereby cancelled and replaced in its entirety with Letter Agreement 6-1162-RRO-1144R3.
4.   Boeing’s offer to re-schedule the Rescheduled Aircraft will expire on November 1, 2010.
EXECUTED as of the day and year first above written.
                             
THE BOEING COMPANY       FEDERAL EXPRESS CORPORATION
 
                            
By:   /s/ STUART C. ROSS       By:   /s/ PHILLIP C. BLUM    
                     
 
  Its:   Attorney-In-Fact           Its:   VP, Aircraft Acquisitions & SAO    

 

S15 - 2

 

TABLE OF CONTENTS
             
        SA  
ARTICLES       NUMBER  
 
    
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  
 
            
1D
   Block D Aircraft Information Table     12  
             
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   SA 15
BOEING PROPRIETARY

 

1

 

             
        SA  
LETTER AGREEMENT       NUMBER  
 
            
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  
 
            
6-1162-RRO-1065
  Performance Guarantees for Block B Aircraft     4  
 
            
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-1000790R1
  Special Matters for Block C Aircraft     11  
 
            
FED-PA—LA-1001683
  Special Matters for Block D Aircraft     12  
 
            
6-1162-RRO-1144R3
  [ * ]     15  
     
*   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   SA 15
BOEING PROPRIETARY

 

2

 

     
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
     
P.A. No. 3157   SA 15
BOEING PROPRIETARY

 

3

 

Table 1 to
Purchase Agreement No. 3157
Aircraft Delivery, Description, Price and Advance Payments
                         
Airframe Model/MTOW:   777-Freighter   766000 pounds   Detail Specification:     D019W007FED7F-1, Rev B
dated July 16, 2010
Engine Model/Thrust:
  GE90-110B1L   110100 pounds   Airframe Price Base Year/Escalation Formula:     Jul-06   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):   180.3  
Aircraft Basic Price (Excluding BFE/SPE):   [ * ]   Base Year Index (CPI):   195.4  
Buyer Furnished Equipment (BFE) Estimate:   [ * ]                
Seller Purchased Equipment (SPE) Estimate:   [ * ]                
Refundable Deposit/Aircraft at Proposal Accept:   [ * ]                
                             
                Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
        Escalation   Escalation Estimate   Balance At            
Delivery   Number of   Factor   Adv Payment Base   Signing   24 Mos.   21/18/15/12/9/6 Mos.   Total
Date   Aircraft   (Airframe)   Price Per A/P   1%   4%   5%   35%
Aircraft                            
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   2   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   2   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
[ * ]   1   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]   [ * ]
     
Note:   Boeing and Customer acknowledge that letter 6-1162-RRO-1069 “Delivery Notice and Excusable Delay for Aircraft with Delivery Dates of [ * ] has been sent to Customer.
 
    [ * ]
 
*   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   Supplemental Agreement No. 15
Boeing Proprietary

 

Page 1

 

     
(BOEING LOGO)
  The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207
October 26, 2010
6-1162-RRO-1144R3
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 and No. 15 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 and No. 15, 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.
     
PA 3157   6-1162-RRO-1144R3
[*] as related to SA # 8, SA # 13, SA # 14 and SA#15    
BOEING PROPRIETARY

 

Page 1

 

(BOEING LOGO)
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: October 29, 2010    
 
            
FEDERAL EXPRESS CORPORATION    
 
            
By:   /s/ PHILLIP C. BLUM    
         
 
  Its:   VP, Aircraft Acquisitions & SAO    
     
PA 3157   6-1162-RRO-1144R3
[*] as related to SA # 8, SA # 13, SA # 14 and SA#15    
BOEING PROPRIETARY

 

Page 2

 

Attachment A to
LA 6-1162-RRO-1144R3
October 26, 2010
Federal Express
PA 3157
[ * ]
     
*   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.