Document:

LUV-6.30.2015-EX 10.1

	
	
	Supplemental Agreement No. 91

	 

	to

	 

	Purchase Agreement No. 1810

	 

	between

	 

	THE BOEING COMPANY

	 

	and

	 

	SOUTHWEST AIRLINES CO.

	 

	Relating to Boeing Model 737-7H4 and 737-8H4 Aircraft

THIS SUPPLEMENTAL AGREEMENT is entered into as of May 4, 2015, by and between THE BOEING COMPANY, a Delaware corporation with principal offices in Seattle, Washington, (Boeing) and SOUTHWEST AIRLINES CO., a Texas corporation with principal offices in Dallas, Texas (Buyer).

Buyer and Boeing entered into Purchase Agreement No. 1810 dated January 19, 1994, as amended and supplemented (Purchase Agreement), relating to the purchase and sale of Boeing Model 737-7H4 aircraft (737-7H4 Aircraft) and 737-8H4 aircraft (737-8H4 Aircraft); and this Supplemental Agreement is an amendment to and is incorporated into the Purchase Agreement.  Capitalized terms used herein but not otherwise defined shall have the meaning set forth in the Purchase Agreement.

WHEREAS, Boeing and Buyer agree to amend the Purchase Agreement by substituting the purchase of thirty-one (31) Boeing Model 737-800 aircraft in place of thirty-one (31) undelivered firm Block 700LUV Aircraft identified in the table immediately below pursuant to Letter Agreement SWA-PA-1810-LA-1105883, “Aircraft Model Substitution,” to the Purchase Agreement; and

	
			
	Delivery
	Quantity
	Manufacturer Serial

	Month
	 
	Number (MSN)

	Jan-2016
	2
	36650, 36735

	Feb-2016
	3
	36904, 36932, 36737

	Mar-2016
	2
	36651, 36738

	Apr-2016
	3
	36653, 36938, 36723

	May-2016
	3
	36658, 36939, 33937

	Jun-2016
	1
	36916

	Jul-2016
	3
	36921, 36945, 33942

	Aug-2016
	4
	36678, 36661, 35965, 36728

	Sep-2016
	3
	36977, 36923, 41530

	Oct-2016
	3
	36666, 38812, 38813

	Nov-2016
	3
	36670, 38814, 41531

	Dec-2016
	1
	38816

***Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.

	
		
	P.A. No. 1810
	SA-91-1

WHEREAS, Boeing and Buyer agree to amend the Purchase Agreement by revising the scheduled delivery month of two (2) Firm Aircraft from April 2016 to May 2016 (collectively, Firm Positions).

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:
    
1.     The Table of Contents is deleted in its entirety and a new Table of Contents is attached hereto and incorporated into the Purchase Agreement by this reference.

2.     Table 1a, “Aircraft Delivery, Description, Price and Advance Payments - Block 700LUV Aircraft” is deleted in its entirety and a new Table 1a is attached hereto and incorporated into the Purchase Agreement by this reference. 

3.     Table 1c, “Aircraft Information Table - Block 800LUV Aircraft (non-ETOPS Configuration)” is deleted in its entirety and a new Table 1c is attached hereto and incorporated into the Purchase Agreement by this reference. 

4.     Attachment A to Letter Agreement number SWA-PA-1810-LA-1001315R3 titled *** is deleted in its entirety and a new Attachment A (identified in the footer by “SA-91”) is attached hereto and incorporated into letter agreement number SWA-PA-1810-LA-1001315R3 by this reference.  The new Attachment A reflects the substitution of four (4) Aircraft delivering in 2016 from model 737-700 to model 737-800 and ***.

5.     If Buyer owes Boeing any additional Advance Payment amounts as a result of the execution of this Supplemental Agreement, Buyer will pay such amounts to Boeing.  If as a result of the execution of this Supplemental Agreement, there is any excess in Advance Payments made by Buyer to Boeing, Boeing will retain such excess amounts until the next Advance Payment is due, at which time Buyer may reduce the amount of such Advance Payment by the amount of such excess.  A reconciliation regarding changes in Advance Payments arising from this Supplemental Agreement will be provided separately to Buyer by Boeing.

The Purchase Agreement will be deemed to be supplemented to the extent herein provided and as so supplemented will continue in full force and effect.

EXECUTED IN DUPLICATE as of the day and year first above written.

	
		
	THE BOEING COMPANY
	SOUTHWEST AIRLINES CO.

	By: /s/ Jon W. Lewis
	By:/s/ Chris Monroe

	           Jon W. Lewis
	            Chris Monroe

	Its: Attorney-In-Fact
	Its:VP, Treasurer

	
		
	P.A. No. 1810
	SA-91-2

	
			
	TABLE OF CONTENTS

	 
	Page
	SA

	 
	Number
	Number

ARTICLES

	
				
	1.
	Subject Matter of Sale...................................
	1-1
	SA-82

	 
	 
	 
	 

	2.
	Delivery, Title and Risk
	 
	 

	 
	of Loss....................................................
	2-1
	SA-28

	 
	 
	 
	 

	3.
	Price of Aircraft..........................................
	3‐1
	SA-82

	 
	 
	 
	 

	4.
	Taxes.......................................................
	4-1
	 

	 
	 
	 
	 

	5.
	Payment....................................................
	5‐1
	 

	 
	 
	 
	 

	6.
	Excusable Delay..........................................
	6‐1
	 

	 
	 
	 
	 

	7.
	Changes to the Detail
	 
	 

	 
	Specification...............................................
	7-1
	SA-73

	 
	 
	 
	 

	8.
	Federal Aviation Requirements and
	 
	 

	 
	Certificates and Export License.........................
	8-1
	 

	 
	 
	 
	 

	9.
	Representatives, Inspection,
	 
	 

	 
	Flights and Test Data.....................................
	9-1
	 

	 
	 
	 
	 

	10.
	Assignment, Resale or Lease............................
	10‐1
	 

	 
	 
	 
	 

	11.
	Termination for Certain Events.........................
	11‐1
	 

	 
	 
	 
	 

	12.
	Product Assurance; Disclaimer and
	 
	 

	 
	Release; Exclusion of Liabilities;
	 
	 

	 
	Customer Support; Indemnification
	 
	 

	 
	and Insurance..............................................
	12-1
	 

	 
	 
	 
	 

	13.
	Buyer Furnished Equipment and
	 
	 

	 
	Spare Parts.................................................
	13-1
	 

	 
	 
	 
	 

	14.
	Contractual Notices and Requests......................
	14‐1
	 

	 
	 
	 
	 

	15.
	Miscellaneous.............................................
	15‐1
	 

	 
	 
	 
	 

	
			
	P.A. No. 1810
	i
	 

	K/SWA
	 
	SA-91

	
				
	 
	TABLE OF CONTENTS

	 
	 

	 
	 
	 
	SA

	 
	 
	 
	Number

TABLE

	
			
	1a
	Aircraft Information Table - Block 700LUV Aircraft
	SA-91

	 
	 
	 

	1b
	Aircraft Information Table - Block 800LUV Aircraft
	SA-82

	 
	 
	 

	1c
	Aircraft Information Table - Block 800LUV Aircraft
	SA-91

	 
	(non-ETOPS Configuration)
	 

EXHIBITS

	
			
	A-5
	Aircraft Configuration - Block 700LUV Aircraft
	SA-75

	 
	 
	 

	A-6
	Aircraft Configuration - Block 800LUV Aircraft
	SA-75

	 
	 
	 

	A-7
	Aircraft Configuration - Block 800LUV Aircraft
	SA-84

	 
	(non-ETOPS Configuration)
	 

	 
	 
	 

	B
	***
	SA-75

	 
	 
	 

	C
	Customer Support Document
	 

	 
	 
	 

	C-2
	737-800 Customer Support Document
	SA-75

	 
	 
	 

	D-2
	Economic Price Adjustment
	SA-75

	 
	ECI-MFG/CPI (July 2011 Base Price)
	 

	 
	 
	 

	E
	Buyer Furnished Equipment
	SA-75

	 
	Provisions Document
	 

	 
	Attachment A - 737-7H4 Aircraft (through 2012)
	 

	 
	Attachment B - 737-8H4 Aircraft (2012-2018) 
	SA-87

	 
	 
	 

	F
	Defined Terms Document
	 

LETTER AGREEMENTS

	
			
	1810-1R1
	Waiver of Aircraft Demonstration Flight
	SA-75

	
			
	P.A. No. 1810
	ii
	 

	K/SWA
	 
	SA-91

	
				
	 
	TABLE OF CONTENTS

	 
	 

	 
	 
	 
	SA

	 
	 
	 
	Number

RESTRICTED LETTER AGREEMENTS

	
			
	6‐1162‐RLL‐932R3
	***
	SA-75

	 
	 
	 

	6‐1162‐RLL‐934R5
	Disclosure of Confidential Information
	SA-75

	 
	 
	 

	6‐1162‐RLL‐941R3
	Other Matters
	SA-75

	 
	 
	 

	6-1162-KJJ-055R1
	Structural Matters
	SA-25

	 
	 
	 

	6-1162-KJJ-056
	Noise and Emission Matters
	SA-13

	 
	 
	 

	6-1162-KJJ-057
	Product Development Matters
	SA-13

	
				
	SWA-PA-1810-LA-1001315R3
	***
	SA-85

	 
	Attachment A
	SA-91

	 
	 
	 

	SWA-PA-1810-LA-1003498R1
	***
	SA-75

	 
	 
	 

	SWA-PA-1810-LA-1003490R3
	***
	SA-90

	 
	 
	 

	SWA-PA-1810-LA-1003367R1
	***
	SA-75

	 
	 
	 

	SWA-PA-1810-LA-1105883
	Aircraft Model Substitution
	SA-75

	 
	 
	 

	SWA-PA-1810-LA-1105884R1
	Option Aircraft
	SA-90

	 
	Attachment A - Model 737-7H4 Aircraft
	SA-90

	 
	Attachment B - Option Aircraft Information Table
	SA-90

	
			
	SWA-PA-1810-LA-1105885R3
	***
	SA-90

	 
	 
	 

	SWA-PA-1810-LA-1105886R1
	***
	SA-82

	 
	 
	 

	 
	 
	 

	SWA-PA-1810-LA-1105887
	***
	SA-75

	 
	 
	 

	 
	 
	 

	SWA-PA-1810-LA-1105888R4
	***
	SA-85

	 
	 
	 

	SWA-PA-1810-LA-1105889
	***
	SA-75 

	
			
	SWA-PA-01810/03729-LA-1301169
	***
	SA-83

	
			
	SWA-PA-1810-LA-1303010
	***
	SA-85

	
			
	P.A. No. 1810
	iii
	 

	K/SWA
	 
	SA-91

	
	
	TABLE OF CONTENTS

	
					
	ADDITIONAL LETTERS (FOR REFERENCE) - INACTIVE (as of SA-82)

	6-1162-MSA-288
	Business Offer - Enhanced Ground Proximity

	 
	Warning System (EGPWS) - Activiation - Peaks

	 
	and Obstacles Feature

	 
	(Not applicable to Block 700LUV & Block 800LUV Aircraft)

	 
	 

	6-1162-JMG-501R2
	Business Offer - ACARS package

	 
	(Not applicable to Block 700LUV & Block 800LUV Aircraft)

INACTIVE / DELETED TABLES, EXHIBITS, AND LETTER AGREEMENTS

TABLE

	
				
	Table
	Title
	Last Updated under SA
	Current Status

	1
	Aircraft Information Table
	SA-75
	Inactive

	2
	Option Aircraft Information Table
	SA-74
	Deleted under SA-75

EXHIBITS

	
				
	Exhibits
	Title
	Last Updated under SA
	Current Status

	A
	Aircraft Configuration - 737-700
	SA-36
	Inactive

	A-Winglet
	Aircraft Configuration
	SA-36
	Inactive

	A-1-Winglet
	Aircraft Configuration
	SA-36
	Inactive

	A-1A
	Aircraft Configuration - 737-700 Block T-W-2c
	SA-36
	Inactive

	A-2
	Aircraft Configuration - 737-700 Block T-W-2 / T-W-2a
	SA-47
	Inactive

	A-3
	Aircraft Configuration - 737-700 Block T-W-2 / T-W-2a
	SA-61
	Inactive

	A-4
	Aircraft Configuration - 737-700 Block T-W-2b Aircraft
	SA-66
	Inactive

	C.2
	737-800 Customer Support Variables
	SA-71
	Deleted under SA-75

	D
	Price Adjustment Due to Economic Fluctuations - Aircraft Price Adjustment (July 1992 Base Price)
	 
	Inactive

	D-1
	Price Adjustment Due to Economic Fluctuations - Aircraft Price Adjustment (July 1999 Base Price)
	SA-13
	Inactive

	E.2
	737-800 Buyer Furnished Equipment Provisions Document
	SA-73
	Deleted under SA-75

	
			
	P.A. No. 1810
	iv
	 

	K/SWA
	 
	SA-91

	
	
	TABLE OF CONTENTS

RESTRICTED LETTER AGREEMENTS 

	
				
	Letter Agreement
	Title
	Last Updated under SA
	Current Status

	6‐1162‐RLL‐933R21
	Option Aircraft
	SA-60
	Deleted under SA-75

	6‐1162‐RLL‐935R1  
	Performance Guarantees
	SA-1
	Inactive

	6‐1162‐RLL‐936R4
	Certain Contractual Matters
	SA-4
	Inactive

	6‐1162‐RLL‐937
	Alternate Advance Payment Schedule
	 
	Inactive

	6‐1162‐RLL‐938
	***
	 
	Inactive

	6‐1162‐RLL‐939R1
	Certification Flight Test Aircraft
	SA-1
	Inactive

	6‐1162‐RLL‐940R1
	Training Matters
	SA-1
	Inactive

	6‐1162‐RLL‐942
	Open Configuration Matters
	 
	Inactive

	6‐1162‐RLL‐943R1
	Substitution Rights
	SA-6
	Deleted under SA 75

	6‐1162‐RLL‐944
	***
	 
	Inactive

	6-1162-RLL-945
	Comparison of 737-7H4 and 737-3H4 Block Fuel Burn
	 
	Inactive

	6-1162-RLL-1855R3
	Additional Contractual Matters
	SA-4
	Inactive

	6-1162-RLL-1856
	***
	SA-1
	Inactive

	6-1162-RLL-1857
	Service Ready Validation Program Field Test
	SA-1
	Inactive

	6-1162-RLL-1858R1
	Escalation Matters
	SA-4
	Inactive

	6-1162-RLL-2036
	Amortization of Costs for Customer Unique Changes
	SA-1
	Inactive

	6-1162-RLL-2037
	Reconciliation of the Aircraft Basic Price
	SA-1
	Inactive

	6-1162-RLL-2073
	Maintenance Training Matters
	SA-1
	Inactive

	6-1162-KJJ-058R1
	Additional Substitution Rights
	SA-71
	Deleted under SA-75

	6-1162-KJJ-150
	Flight Control Computer & Mode Control Panel Spares Matter
	SA-14
	Inactive

	6-1162-MSA-185R3
	Delivery Change Contractual Matters
	SA-21
	Inactive

	6-1162-JMG-747R1
	***
	SA-36
	Inactive

	6-1162-CHL-217
	Rescheduled Flight Test Aircraft
	SA-32
	Inactive

	6-1162-NIW-606R1
	***
	SA-36
	Inactive

	
			
	P.A. No. 1810
	v
	 

	K/SWA
	 
	SA-91

	
	
	TABLE OF CONTENTS

	
				
	Letter Agreement
	Title
	Last Updated under SA
	Current Status

	6-1162-NIW-606R1
	***
	SA-36
	Inactive

	6-1162-NIW-640
	Early Delivery of Two April 2004  Aircraft
	SA-35
	Inactive

	6-1162-NIW-889
	Warranty - Exterior Color Schemes and Markings for YA143 and on 
	SA-39
	Inactive

	6-1162-NIW-1142
	***
	SA-43
	Inactive

	6-1162-NIW-1369
	***
	SA-46
	Inactive

	6-1162-NIW-1983
	***
	SA-62
	Inactive

	SWA-PA-1810-LA-1000419
	***
	SA-64
	Inactive

	6-1162-NIW-890R1
	***
	SA-75

SA-39
	Inactive

	6-1162-KJJ-054R2
	Business Matters
	SA-75
	Inactive

	6-1162-JMG-669R9
	***
	SA-75

SA-75
SA-54
	Inactive

	SWA-PA-1810-LA-02710R1
	***
	SA-72
	Inactive

	
			
	P.A. No. 1810
	vi
	 

	K/SWA
	 
	SA-91

	
	
	Table 1a to

	Purchase Agreement No. PA-1810

	Aircraft Delivery, Description, Price and Advance Payments

	Block 700LUV Aircraft

	
							
	Airframe Model/MTOW:
	       737-700
	154500 pounds
	Detail Specification:
	D019A001SWA37P-1 Rev New
	 

	Engine Model/Thrust:
	 CFM56-7B24
	24000 pounds
	Base Aircraft  Price Base Year/Escalation  Formula:
	Jul-11
	ECI-MFG/CPI

	Base Aircraft Price:
	***
	Engine Price Base Year/Escalation Formula:
	N/A
	N/A

	Special Features:
	***
	 
	 
	 
	 

	Sub-Total of Aircraft  Base Price and Features:
	***
	Aircraft Price Escalation Data:
	 
	 
	 

	Engine Price (Per Aircraft):
	***
	Base Year Index (ECI):
	 
	***
	 

	Aircraft Basic Price (Excluding BFE/SPE):
	***
	Base Year Index (CPI):
	 
	***
	 

	Buyer Furnished Equipment (BFE) Estimate:
	***
	 
	 
	 
	 

	Seller Purchased Equipment (SPE) Estimate:
	***
	 
	 
	 
	 

	
										
	

Delivery

Date
	

Number of

Aircraft
	Escalation

Factor

(Airframe)
	Aircraft

Serial

Number
	 
	

Escalation Estimate

Adv Payment Base

Price Per A/P
	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	

At Signing

***
	24 Mos.

***
	21/18/12/9/6 Mos.

***
	Total

***

	Jan-2017
	2
	***
	42532, 36910
	Note 1
	***
	***
	***
	***
	***

	Feb-2017
	2
	***
	36969, 36970
	 
	***
	***
	***
	***
	***

	Feb-2017
	1
	***
	36922
	Note 1
	***
	***
	***
	***
	***

	Mar-2017
	1
	***
	36972
	 
	***
	***
	***
	***
	***

	Mar-2017
	2
	***
	36946, 36949
	Note 1
	***
	***
	***
	***
	***

	Apr-2017
	1
	***
	36974
	 
	***
	***
	***
	***
	***

	Apr-2017
	1
	***
	36927
	Note 1
	***
	***
	***
	***
	***

	May-2017
	1
	***
	36975
	 
	***
	***
	***
	***
	***

	May-2017
	2
	***
	36925, 36944
	Note 1
	***
	***
	***
	***
	***

	Jun-2017
	1
	***
	36976
	 
	***
	***
	***
	***
	***

	Jun-2017
	1
	***
	36943
	Note 1
	***
	***
	***
	***
	***

	Jan-2018
	1
	***
	36926
	Note 1
	***
	***
	***
	***
	***

	Feb-2018
	1
	***
	42545
	 
	***
	***
	***
	***
	***

	Feb-2018
	1
	***
	42533
	Note 1
	***
	***
	***
	***
	***

	Mar-2018
	2
	***
	42534, 36928
	Note 1
	***
	***
	***
	***
	***

	Apr-2018
	3
	***
	36968, 36952, 36954
	Note 1
	***
	***
	***
	***
	***

	May-2018
	2
	***
	36951, 36957
	Note 1
	***
	***
	***
	***
	***

	Total:
	25
	 
	 
	 
	 
	 
	 
	 
	 

Notes:

1)  The Advance Payment Base Price is determined using the escalation factor from Boeing's 4th Qtr 2011 forecast.

	
			
	SWA-PA-01810
	 
	Page 1

	58928, 60268-1F.TXT
	Boeing Proprietary
	SA-91

	
	
	Table 1c to
Purchase Agreement No. PA-01810
Aircraft Delivery, Description, Price and Advance Payments
Block 800LUV Aircraft (non-ETOPS Configuration)

	
					
	Airframe Model/MTOW: 
	737-800
	174200 pounds 
	Detail Specification: 
	D019A001SWA38P-1 Rev C (3/29/2013)

	
							
	Engine Model/Thrust: 
	CFM56-7B27
	27300 pounds 
	Note 1 
	Base Aircraft Price Base Year/Escalation  Formula: 
	Jul-11 
	ECI-MFG/CPI

	
						
	Base Aircraft Price: 
	***
	 
	Engine Price Base Year/Escalation  Formula: 
	N/A 
	N/A

	
			
	Special Features: 
	***
	 

	 
	 

	Add'l Features/Changes
	***
	 

	
			
	Total Special Features (Exhibit A-7) 
	***
	 

	
				
	Sub-Total of Airframe and Features: 
	*** 
	 
	Aircraft Price Escalation Data:

	
					
	Engine Price (Per Aircraft): 
	*** 
	 
	Base Year Index (ECI): 
	***

	 
	 
	 
	 

	Aircraft Basic Price (Excluding BFE/SPE): 
	*** 
	 
	Base Year Index (CPI): 
	***

	
			
	Buyer Furnished Equipment (BFE) Estimate: 
	***
	 

	 
	 

	Seller Purchased Equipment (SPE) Estimate: 
	***
	 

	
											
	

Delivery

Date
	

Number of

Aircraft
	Escalation

Factor

(Airframe)
	Aircraft

Serial

Number
	

Escalation

Forecast
	

Sub-Block

Note 2
	Escalation Estimate

Adv Payment Base

Price Per A/P
	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	At Signing

***
	24 Mos.

***
	21/18/12/9/6 Mos.

***
	Total

***

	Sep-2013
	3
	***
	36933, 36912, 36914
	***
	 
	***
	***
	***
	***
	***

	Nov-2013
	3
	***
	36915, 33939, 42526
	***
	 
	***
	***
	***
	***
	***

	Dec-2013
	3
	***
	36917, 36919, 36731
	***
	 
	***
	***
	***
	***
	***

	Mar-2014
	2
	***
	37004, 36896
	***
	 
	***
	***
	***
	***
	***

	Apr-2014
	3
	***
	42384, 36894, 36895
	***
	 
	***
	***
	***
	***
	***

	May-2014
	3
	***
	36897, 42385, 42521
	***
	 
	***
	***
	***
	***
	***

	Jun-2014
	4
	***
	36898, 36905, 42522, 42523
	***
	 
	***
	***
	***
	***
	***

	Jun-2014
	2
	***
	60082, 60083
	***
	OPEX
	***
	***
	***
	***
	***

	Jul-2014
	1
	***
	36911
	***
	 
	***
	***
	***
	***
	***

	Jul-2014
	3
	***
	60084, 60085, 60086
	***
	OPEX
	***
	***
	***
	***
	***

	Aug-2014
	4
	***
	36907, 42525, 36935, 42528
	***
	 
	***
	***
	***
	***
	***

	Sep-2014
	2
	***
	42527, 42531
	***
	 
	***
	***
	***
	***
	***

	Sep-2014
	1
	***
	36909
	***
	 
	***
	***
	***
	***
	***

	Oct-2014
	1
	***
	36920
	***
	 
	***
	***
	***
	***
	***

	Nov-2014
	1
	***
	36971
	***
	 
	***
	***
	***
	***
	***

	
			
	SWA-PA-01810
	 
	SA-91

	63879 / 63887 / 64110 / 64111 / 66379 / 68788 / 70150 / 73631
	Boeing Proprietary
	Page 1

	
	
	Table 1c to
Purchase Agreement No. PA-01810
Aircraft Delivery, Description, Price and Advance Payments
Block 800LUV Aircraft (non-ETOPS Configuration)

	
											
	

Delivery

Date
	

Number of

Aircraft
	

Escalation

Factor

(Airframe)
	

Aircraft

Serial

Number
	

Escalation

Forecast
	

Sub-Block

Note 2
	

Escalation Estimate

Adv Payment Base

Price Per A/P
	Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

	

At Signing

***
	

24 Mos.

***
	

21/18/12/9/6 Mos.

***
	

Total

***

	Dec-2014
	2
	***
	37037, 37045
	***
	 
	***
	***
	***
	***
	***

	Dec-2014
	2
	***
	42529, 42530
	***
	 
	***
	***
	***
	***
	***

	Dec-2014
	2
	       ***Note  3
	42524, 35973
	***
	 
	***
	***
	***
	***
	***

	Jan-2015
	2
	***
	36899, 42535
	***
	 
	***
	***
	***
	***
	***

	Feb-2015
	3
	***
	36901, 36654, 36906
	***
	 
	***
	***
	***
	***
	***

	Mar-2015
	2
	***
	36902, 36936
	***
	 
	***
	***
	***
	***
	***

	Apr-2015
	2
	***
	36649, 36652
	***
	 
	***
	***
	***
	***
	***

	May-2015
	2
	***
	36903, 36657
	***
	 
	***
	***
	***
	***
	***

	Jun-2015
	2
	***
	36655, 36656
	***
	 
	***
	***
	***
	***
	***

	Nov-2015
	3
	***
	36937, 36715, 36940
	***
	 
	***
	***
	***
	***
	***

	Dec-2015
	3
	***
	36941, 36734, 35976
	***
	 
	***
	***
	***
	***
	***

	Jan-2016
	2
	***
	36650, 36735
	***
	 
	***
	***
	***
	***
	***

	Feb-2016
	3
	***
	36904, 36932, 36737
	***
	 
	***
	***
	***
	***
	***

	Mar-2016
	2
	***
	36651, 36738
	***
	 
	***
	***
	***
	***
	***

	Apr-2016
	1
	***
	36653
	***
	 
	***
	***
	***
	***
	***

	May-2016
	5
	***
	36658, 36939, 33937, 36938,
36723
	***
	 
	***
	***
	***
	***
	***

	Jun-2016
	1
	***
	36916
	***
	 
	***
	***
	***
	***
	***

	Jul-2016
	3
	***
	36921, 36945, 33942
	***
	 
	***
	***
	***
	***
	***

	Aug-2016
	4
	***
	36678, 36661, 35965, 36728
	***
	 
	***
	***
	***
	***
	***

	Sep-2016
	3
	***
	36977, 36923, 41530
	***
	 
	***
	***
	***
	***
	***

	Oct-2016
	3
	***
	36666, 38812, 38813
	***
	 
	***
	***
	***
	***
	***

	Nov-2016
	3
	***
	36670, 38814, 41531
	***
	 
	***
	***
	***
	***
	***

	Dec-2016
	1
	***
	38816
	***
	 
	***
	***
	***
	***
	***

	Total:
	92
	 
	 
	 
	 
	 
	 
	 
	 
	 

Notes:
1)  ***

2)  The sub-block identifier is used to denote applicability of certain business terms as referenced in Letter Agreement SWA-PA-1810-LA-1105888R4 to the Purchase Agreement.
3)  ***

	
			
	SWA-PA-01810
	 
	SA-91

	63879 / 63887 / 64110 / 64111 / 66379 / 68788 / 70150 / 73631
	Boeing Proprietary
	Page 2

Attachment A to SWA-PA-1810-LA1001315R3
Page 1 of 2

   ***

Letter Agmt SWA-PA-1810-LA-1001315R3; paragraph 3	
							
	No.
	Model
	Aircraft Block
	MSN's
	Current Delivery Mo.
	Base Year
	Status

	1
	737-700
	T-W-2b
	36962
	July-11
	1999
	***

	2
	737-700
	T-W-2b
	36963
	July-11
	1999
	***

	3
	737-700
	T-W-2b
	36965
	August-11
	1999
	***

	4
	737-700
	T-W-2b
	36967
	October-11
	1999
	***

	5
	737-800
	800LUV
	36980
	March-12
	2011
	***

	6
	737-800
	800LUV
	36983
	April-12
	2011
	***

	7
	737-800
	800LUV
	36985
	May-12
	2011
	***

	8
	737-800
	800LUV
	36987
	May-12
	2011
	***

	9
	737-800
	800LUV
	36990
	July-12
	2011
	***

	10
	737-800
	800LUV
	36992
	August-12
	2011
	***

	11
	737-800
	800LUV
	36994
	September-12
	2011
	***

	12
	737-800
	800LUV
	37003
	November-12
	2011
	***

	13
	737-800
	800LUV
	37009
	December-12
	2011
	***

	14
	737-800
	800LUV
	36973
	March-13
	2011
	***

	15
	737-800
	800LUV
	36998
	March-13
	2011
	***

	16
	737-800
	800LUV
	36908
	April-13
	2011
	***

	17
	737-800
	800LUV
	36933
	September-13
	2011
	***

	18
	737-800
	800LUV
	42526
	November-13
	2011
	***

	19
	737-800
	800LUV
	37004
	March-14
	2011
	***

	20
	737-800
	800LUV
	42521
	May-14
	2011
	***

	21
	737-800
	800LUV
	42522
	June-14
	2011
	***

	22
	737-800
	800LUV
	60082
	June-14
	2011
	***

	23
	737-800
	800LUV
	60083
	June-14
	2011
	***

	24
	737-800
	800LUV
	42523
	June-14
	2011
	***

	25
	737-800
	800LUV
	60084
	July-14
	2011
	***

	26
	737-800
	800LUV
	60085
	July-14
	2011
	***

	27
	737-800
	800LUV
	60086
	July-14
	2011
	***

	28
	737-800
	800LUV
	42524
	December-14
	2011
	***

	29
	737-800
	800LUV
	42525
	August-14
	2011
	***

	30
	737-800
	800LUV
	36935
	August-14
	2011
	***

	31
	737-800
	800LUV
	42527
	September-14
	2011
	***

	32
	737-800
	800LUV
	42528
	August-14
	2011
	***

	33
	737-800
	800LUV
	42531
	September-14
	2011
	***

	34
	737-800
	800LUV
	36909
	September-14
	2011
	***

	35
	737-800
	800LUV
	42529
	December-14
	2011
	***

	36
	737-800
	800LUV
	42530
	December-14
	2011
	***

	37
	737-800
	800LUV
	37045
	December-14
	2011
	***

	38
	737-800
	800LUV
	37037
	December-14
	2011
	***

	39
	737-800
	800LUV
	42535
	January-15
	2011
	***

	40
	737-800
	800LUV
	36940
	November-15
	2011
	 

	41
	737-800
	800LUV
	36938
	April-16
	2011
	 

	42
	737-800
	800LUV
	36939
	May-16
	2011
	 

	43
	737-800
	800LUV
	36945
	July-16
	2011
	 

	44
	737-800
	800LUV
	36977
	September-16
	2011
	 

	45
	737-700
	700LUV
	42532
	January-17
	2011
	 

	46
	737-700
	700LUV
	36910
	January-17
	2011
	 

	47
	737-700
	700LUV
	36970
	February-17
	2011
	 

	48
	737-700
	700LUV
	36969
	February-17
	2011
	 

	
	
	SA-91

Attachment A to SWA-PA-1810-LA1001315R3
Page 2 of 2

	
							
	49
	737-700
	700LUV
	36972
	March-17
	2011
	Status

	50
	737-700
	700LUV
	36927
	April-17
	2011
	 

	51
	737-700
	700LUV
	36974
	April-17
	2011
	 

	52
	737-700
	700LUV
	36925
	May-17
	2011
	 

	53
	737-700
	700LUV
	36975
	May-17
	2011
	 

	54
	737-700
	700LUV
	36976
	June-17
	2011
	 

	55
	737-700
	700LUV
	36926
	January-18
	2011
	 

	56
	737-700
	700LUV
	42533
	February-18
	2011
	 

	57
	737-700
	700LUV
	42545
	February-18
	2011
	 

	58
	737-700
	700LUV
	42534
	March-18
	2011
	 

	59
	 
	 
	tbd
	 
	 
	 

	60
	 
	 
	tbd
	 
	 
	 

	61
	 
	 
	tbd
	 
	 
	 

	62
	 
	 
	tbd
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	
	
	SA-91Exhibit 10.1

 

		
         

         

        Davis First Amendment

         

 

ARCH THERAPEUTICS, INC.

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

 

This FIRST AMENDMENT
TO THE EMPLOYMENT AGREEMENT (the “Amendment”) is made by and between Arch Therapeutics, Incorporated (the “Company”)
and Richard Davis (the “Employee”), effective as of July 27, 2015 upon approval by the Company’s Board of Directors,
with reference to the following facts:

 

WHEREAS,
(i) the Company and the Employee entered into the Employment Agreement dated as of July 7, 2014 (the “Agreement”) and
(ii) the parties desire to amend the Agreement as set forth herein.

 

NOW THEREFORE,
in consideration of the foregoing recitals and the provisions contained herein, the adequacy and sufficiency of which are hereby
acknowledged, the parties agree as follows:

 

		1.	Amendment. The Agreement is hereby amended as follows:

 

		1.1	Section 2 (a) of the Agreement is hereby deleted and replaced in its entirety with the following:

 

Annual Base Salary. As compensation
for Executive’s performance of his duties hereunder, the Company shall pay to Executive a base annual salary of two-hundred
fifty thousand dollars ($250,000), starting on July 1, 2015, (the “Annual Base Salary”), payable in accordance with
the normal payroll practices of Company, less required deductions for state and federal withholding tax, social security and all
other employment taxes and payroll deductions.

 

		2.	Counterparts. This Amendment may be executed in separate counterparts, each of which so
executed and delivered shall constitute an original but all such counterparts shall together constitute one and the same instrument
and any one of which may be used to evidence this Amendment.

 

		3.	Severability. All provisions of this Amendment are severable and any provision which may
be prohibited by law shall be ineffective to the extent of such prohibition without invalidating the remaining provisions of this
Amendment and the parties hereto agree to cooperate to provide a legal substitute for any provision which is prohibited by law.

 

		4.	Entire Agreement; Modifications and Amendments. This Amendment, together with the Agreement,
constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements and
understandings both oral and written, between the parties with respect to the subject matter hereof. No provision of this Amendment
may be amended or waived unless such amendment or waiver is agreed to in writing, signed by the parties to this Amendment.

 

 

 

[Remainder of Page Intentionally Left
Blank]

 

    	1

    	 

    

 

 

 

 

 

 

 

IN WITNESS WHEREOF,
the parties have duly executed this Amendment as of the date first written above.

 

 

RICHARD DAVIS

 

 

/s/ RICHARD DAVIS                                       

Name: Richard Davis

 

 

ARCH THERAPEUTICS, INC.

 

 

 

By: /s/ TERRENCE W. NORCHI, MD           

Name: Terrence W. Norchi, MD

Title: President and CEO

 

 

 

 

 

 

[Signature Page to Employment Agreement
Amendment]

 

    	2

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