FEDERAL EXPRESS CORP
AMENDMENT DTD 8/31/01 TO THE TRANSPORTATION AGMT.
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<TYPE>EX-10.4
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<FILENAME>a2066292zex-10_4.htm
<DESCRIPTION>AMENDMENT DTD 8/31/01 TO THE TRANSPORTATION AGMT.
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="kg5231_exhibit_10.4"> </A>
<A NAME="toc_kg5231_1"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit 10.4    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>AMENDMENT  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;THIS AMENDMENT ("Amendment") dated the 31<SUP>st</SUP> day of August, 2001, amends the Transportation Agreement dated as of January&nbsp;10, 2001 (the
"Agreement") between The United States Postal Service ("USPS") and Federal Express Corporation ("FedEx"). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Preamble  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, USPS and FedEx entered into the Agreement in order to provide for the transportation of certain Products (as such term is defined in the Agreement"), </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the parties now desire to amend certain provisions of the Agreement as more specifically set forth in this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained in this Amendment, the parties agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;The
parties agree that certain revisions to Attachments 1 and 2 to Exhibit&nbsp;A are necessary. Accordingly, the parties shall meet for the purpose of making
mutually agreed revisions to Attachments 1 and 2. The parties shall make such revisions by December&nbsp;1, 2001. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;Notwithstanding
anything contained in Attachments 1 and 2 to Exhibit&nbsp;A, during any Schedule Period that USPS commits to provide and, if FedEx agrees to lift,
a minimum of [*] outbound [*], FedEx shall be
deemed to have committed to provide lift of [*] outbound [*]. For purposes of the foregoing, the following parameters shall apply: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;[*]
</FONT></P>

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<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;Section&nbsp;3.9.1 of the Operations Specification is hereby amended by adding a new bullet to such section as follows: </FONT></P>

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<DT><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>For
the Day-turn Operations only, any Tuesday immediately following one of the foregoing holidays that occurs on a Monday. </FONT></DD></DL>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of computing the average daily Minimum Guaranteed Volume, as set forth in Section&nbsp;11.1 of the Agreement, for the Day-turn Operations only, no Tuesday
identified in Section&nbsp;3.9.1 shall be considered in such computation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;Section&nbsp;3.9.2
of the Operations Specification is hereby amended by adding a new bullet to such section as follows: </FONT></P>

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<DT><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Additionally,
no Day-turn products will be tendered by USPS to FedEx on any Tuesday immediately following one of the holidays listed in
section&nbsp;3.9.1 that occurs on a Monday. </FONT></DD></DL>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;All
capitalized terms not otherwise defined in this Amendment shall have the meanings set forth in the Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;Except
as amended by this Amendment, the terms and conditions of the Agreement shall remain in full force and effect and are ratified and confirmed in all respects. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF,</B></FONT><FONT SIZE=2> the parties have signed this Amendment in duplicate, one for each of the Parties, as of August&nbsp;31, 2001. </FONT></P>

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<TD COLSPAN=3><FONT SIZE=2>THE UNITED STATES POSTAL SERVICE</FONT></TD>
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&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
By:</FONT></TD>
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<TD WIDTH="46%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>LESLIE A. GRIFFITH</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>Contracting Officer</FONT></TD>
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&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
FEDERAL EXPRESS CORPORATION</FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>PAUL J. HERRON</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="6%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>Vice President,<BR>
Postal Transportation Management</FONT></TD>
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<DT><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>BLANK
SPACES CONTAINED CONFIDENTIAL INFORMATION WHICH HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE&nbsp;24b-2 UNDER THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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