SUPPLEMENTAL AGREEMENT NO. 15
to
Purchase Agreement No. 03729
between
THE BOEING COMPANY
and
SOUTHWEST AIRLINES CO.
Relating to Boeing Model 737-8 and 737-7 Aircraft
THIS SUPPLEMENTAL AGREEMENT No. 15 (SA-15), entered into as of June 14, 2021, is made between THE BOEING COMPANY, a Delaware corporation (Boeing), and SOUTHWEST AIRLINES CO., a Texas corporation (Customer).
RECITALS:
WHEREAS, Customer and Boeing entered into Purchase Agreement Number PA-03729 dated December 13, 2011, as amended and supplemented, (Purchase Agreement) relating to the purchase and sale of Boeing Model 737-8 (737-8 Aircraft) and Model 737-7 aircraft (737-7 Aircraft); collectively the “Aircraft”. This SA15 is an amendment to and is incorporated into the Purchase Agreement. Capitalized terms used herein but not otherwise defined will have the meaning set forth in the Purchase Agreement;
WHEREAS, Customer requests and Boeing agrees to the acceleration of ten (10) Original Option Aircraft positions from 2023 into 2022, and revise the scheduled delivery stream as applicable;
WHEREAS, Customer requests and Boeing agrees to the slide of six (6) 737-7 MAX Aircraft from June 2022 into July, September, November and December 2022, and revise the scheduled delivery stream as applicable;
WHEREAS, Customer requests and Boeing agrees to the acceleration of one (1) 737-7 MAX Aircraft from August 2023 to July 2023, and revise the scheduled delivery stream as applicable;

    WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to make certain changes to the Letter Agreements as a result of the respective changes in this SA-15.

NOW, THEREFORE, the parties agree that the Purchase Agreement is amended as set forth below and otherwise agree as follows:
[***] = Certain identified information has been excluded from the exhibit because it is both not material and is of the type that the registrant treats as private or confidential.
SWA-PA-03729
1
SA-15
BOEING PROPRIETARY




1.TABLE OF CONTENTS.

The Table of Contents of the Purchase Agreement is deleted in its entirety and replaced with a new Table of Contents (attached), which lists the Tables, Exhibits, and Letter Agreements revised by this SA15 and is identified by “SA15”. Such revised Table of Contents is incorporated into the Purchase Agreement by this reference.

2.TABLES.

Table 1B, Aircraft Delivery, Description, Price and Advance Payments – 737-7 Aircraft, is deleted in its entirety and replaced by a new Table 1B (identified by "SA-15") attached hereto and incorporated into the Purchase Agreement by this reference.

3.LETTER AGREEMENTS.

3.1.Letter Agreement SWA-PA-03729-LA-1106474R5, Option Aircraft, and its Attachment 1 are deleted in their entirety and are replaced with the attached revised Letter Agreement SWA-PA-03729-LA-1106474R6 and its Attachment 1.

3.2.Letter Agreement SWA-PA-03729-LA-2100814, [***], and its Attachments A, B-1, and B-2 are deleted in their entirety and are replaced with the attached revised Letter Agreement SWA-PA-03729-LA-2100814R1 and its Attachments A, B-1, and B-2.

4.SA-15 ADVANCE PAYMENT IMPACT.

4.1.Due to the acceleration of ten (10) Original Option Aircraft Positions contemplated hereunder, Customer [***]




4.2.Due to the deferral of six (6) 737-7 MAX Aircraft contemplated hereunder, Customer [***]




4.3.Due to the acceleration of one (1) 737-7 MAX Aircraft contemplated hereunder, Customer [***]
SWA-PA-03729
2
SA-15
BOEING PROPRIETARY






The Purchase Agreement is 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/ Carson J May
By: /s/ Chris Monroe
Name: Carson J. May
Name: Chris Monroe
Its: Attorney-In-Fact
Its: SVP Finance and Treasurer
SWA-PA-03729
3
SA-15
BOEING PROPRIETARY





TABLE OF CONTENTS
ARTICLES TITLES
Article 1 Quantity, Model and Description SA-2
Article 2 Delivery Schedule
Article 3 Price
Article 4 Payment SA-2
Article 5 Additional Terms
TABLE TITLE
1A 737-8 Aircraft Information Table SA-14
1B 737-7 Aircraft Information Table SA-15
EXHIBIT
A1 737-8 Aircraft Configuration SA-11
A2 737-7 Aircraft Configuration SA-8
A-3 737-8 Remarket Aircraft Configuration SA-12
B* Aircraft Delivery Requirements and Responsibilities
B-1 Remarket Aircraft Technical SA-12
Acceptance and Delivery Requirements and Responsibilities
SUPPLEMENTAL EXHIBITS TITLES
AE1* Escalation Adjustment/Airframe and Optional Features
BFE1 BFE Variables for 737-8 SA-7
BFE2 BFE Variables for 737-7 SA-8
CS1 Customer Support Variables
CS1-7MAX Customer Support Variables SA-2
EE1* Engine Escalation/Engine Warranty and Patent Indemnity
SWA-PA-03729 SA-15
Page 1
BOEING PROPRIETARY





SLP1* Service Life Policy Components

LETTER AGREEMENTS TITLES
SWA-PA-03729-LA-1106463R3 Open Matters SA-8
SWA-PA-03729-LA-1106464* [***]
SWA-PA-03729-LA-1106465* [***]
SWA-PA-03729-LA-1106466 [***]
SWA-PA-03729-LA-1106467R2 [***] SA-8
SWA-PA-03729-LA-1106468* [***]
SWA-PA-03729-LA-1106469R1 [***] SA-2
SWA-PA-03729-LA-1106470R1 [***] SA-2
SWA-PA-03729-LA-1106471R2 Substitute Aircraft SA-12
SWA-PA-03729-LA-1106473R2
[***]
    
SA-12
SWA-PA-03729-LA-1106474R6 Option Aircraft SA-15
SWA-PA-03729-LA-1106475R5 [***] SA-14
SWA-PA-03729-LA-1106476R2 [***] SA-8
SWA-PA-03729-LA-1106477* [***]
SWA-PA-03729-LA-1106478 [***]
SWA-PA-03729-LA-1106479R1 [***] SA-2
SWA-PA-03729-LA-1106480R1 [***] SA-2
SWA-PA-03729-LA-1106481R2 [***] SA-2
SWA-PA-03729-LA-1106482* [***]
SWA-PA-03729-LA-1106483* [***]
SWA-PA-03729-LA-1106484R2 [***] SA-12
SWA-PA-03729-LA-1106485* [***]
SWA-PA-03729 SA-15
Page 2
BOEING PROPRIETARY





LETTER AGREEMENTS TITLES
SWA-PA-03729-LA-1209080 [***] SA-1
SWA-PA-03729-LA-1210419 [***] SA-1
SWA-PA-03729-LA-1300943 [***] SA-2
SWA-PA-03729-LA-1301168R3 [***] SA-6
SWA-PA-03729-LA-1301170R3 [***] SA-12
SWA-PA-03729-LA-1400371 [***] SA-7
SWA-PA-03729-LA-1503792 Service Ready Operational Validation SA-6
SWA-PA-03729-LA-1500831 [***] SA-7
SWA-PA-03729-LA-1602486R1 [***] SA-12
SWA-PA-03729-LA-2100594 737-8 Remarket Production Aircraft SA-12
SWA-PA-03729-LA-2100700 737-8 Open Configuration Matters – SA-12
Remarket Production Aircraft
SWA-PA-03729-LA-2100811 [***] SA-12
SWA-PA-03729-LA-2100812 [***] SA-12
SWA-PA-03729-LA-2100813 [***] SA-12
SWA-PA-03729-LA-2100814R1 [***] SA-15
SWA-PA-03729-LA-2100819 [***] SA-12
SWA-PA-03729-LA-2100825 [***] SA-12
SWA-PA-03729-LA-2100841 [***] SA-12
SWA-PA-03729 SA-15
Page 3
BOEING PROPRIETARY





LETTER AGREEMENTS TITLES
SWA-PA-03729-LA-2100984 [***] SA-12
* Denotes revision to Page 1 or Page 2 only to reference 737-7 (SA-2)
SWA-PA-03729 SA-15
Page 4
BOEING PROPRIETARY






INACTIVE / DELETED TABLES, EXHIBITS, AND LETTER AGREEMENTS

RESTRICTED LETTER AGREEMENTS

Letter Agreement Title Last Updated under SA Current Status
SWA-PA-03729-LA-1106472R1 [***] SA-2 Deleted under SA-4
SWA-PA-01810/03729-LA-1301169 [***] SA-2 Deleted under SA-4

SWA-PA-03729 SA-15
Page 5
BOEING PROPRIETARY


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft


Airframe Model/MTOW:

Engine Model/Thrust:
737-7    77,000 pounds
CFMLEAP-1B27C(1)26,400 pounds
Detail Specification:

Airframe Price Base Year/Escalation Formula:
D019A008SWA17P-1

Jul-11


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):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
  [***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate: [***]

Seller Purchased Equipment (SPE) Estimate:    [***]



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
Jan-2022
Apr-2019
1
[***] 42586 [***] [***] [***] [***] [***] [***] [***]
Jan-2022
Apr-2019
1
[***] 42587 [***] [***] [***] [***] [***] [***] [***]
Jan-2022
Apr-2019
1
[***] 42588 [***] [***] [***] [***] [***] [***] [***]
Jan-2022
May-2019
1
[***] 42589 [***] [***] [***] [***] [***] [***] [***]
Feb-2022
May-2019
1
[***] 42590 [***] [***] [***] [***] [***] [***] [***]
Feb-2022
Aug-2019
1
[***] 42561 [***] [***] [***] [***] [***] [***] [***]
Feb-2022
Aug-2019
1
[***] 42569 [***] [***] [***] [***] [***] [***] [***]
May-2022
Oct-2023
1
[***] 42614 [***] [***] [***] [***] [***] [***] [***]
May-2022
Feb-2024
1
[***] 42620 [***] [***] [***] [***] [***] [***] [***]
May-2022
Mar-2024
1
[***] 42621 [***] [***] [***] [***] [***] [***] [***]
May-2022
Apr-2024
1
[***] 42623 [***] [***] [***] [***] [***] [***] [***]
May-2022
May-2024
1
[***] 42627 [***] [***] [***] [***] [***] [***] [***]
May-2022
Jun-2024
1
[***] 42629 [***] [***] [***] [***] [***] [***] [***]
May-2022
Jul-2024
1
[***] 42631 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Jun-2023
1
[***] 42602 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Jul-2023
1
[***] 42603 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Aug-2023
1
[***] 42604 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Sep-2023
1
[***] 42609 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Sep-2024
1
[***] 42635 [***] [***] [***] [***] [***] [***] [***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
Page 1


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft




Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
Jul-2022
Oct-2024
1
[***] 42638 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Nov-2024
1
[***] 42642 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Jan-2023
1
[***] 42591 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Feb-2023
1
[***] 42592 [***] [***] [***] [***] [***] [***] [***]
Jul-2022
Mar-2023
1
[***] 42595 [***] [***] [***] [***] [***] [***] [***]
Aug-2022
Nov-2023
1
[***] 42613 [***] [***] [***] [***] [***] [***] [***]
Aug-2022
Dec-2023
1
[***] 42616 [***] [***] [***] [***] [***] [***] [***]
Aug-2022
Jan-2024
1
[***] 42618 [***] [***] [***] [***] [***] [***] [***]
Aug-2022
Jan-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Aug-2022
Jan-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Aug-2022
Jan-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Aug-2022
Feb-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Aug-2022
Feb-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Aug-2022
Feb-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Aug-2022
Mar-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Mar-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Mar-2024
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Sep-2022
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Sep-2022
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Apr-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Apr-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
May-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
May-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Sep-2022
Apr-2023
1
[***] 42598 [***] [***] [***] [***] [***] [***] [***]
Sep-2022
May-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Oct-2022
Jun-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Oct-2022
Jun-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Oct-2022
Jul-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Oct-2022
Jul-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
Page 2


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft




Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
Oct-2022
Aug-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Oct-2022
Aug-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Oct-2022
Sep-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
Sep-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
Sep-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
Oct-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
Oct-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
Oct-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
Nov-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Nov-2022
May-2023
1
[***] 42600 [***] [***] [***] [***] [***] [***] [***]
Dec-2022
Nov-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Dec-2022
Nov-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Dec-2022
Dec-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Dec-2022
Dec-2028
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Dec-2022
Jan-2029
1
[***] [***] [***]
(*) 737-8 Sub
[***] [***] [***] [***] [***]
Dec-2022
Aug-2024
1
[***] 42632 [***] [***] [***] [***] [***] [***] [***]
Jan-2023
Jul-21
1
[***] 42657 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jan-2023
Jul-21
1
[***] 42671 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2023
Mar-22
1
[***] 42679 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2023
Mar-22
1
[***] 42678 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2023
Apr-22
1
[***] 42688 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2023
Apr-22
1
[***] 42681 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2023
Apr-22
1
[***] 42680 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2023
May-22
1
[***] 42684 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2023
May-22
1
[***] 42683 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2023
May-22
1
[***] 42682 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2023
Jun-22
1
[***] 42687 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
May-2023
Jun-22
1
[***] 42686 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
May-2023
Jun-22
1
[***] 42685 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]

SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
Page 3


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
May-2023
Jul-22
1
[***] 42690 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jun-2023
Jul-22
1
[***] 42689 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jun-2023
Aug-22
1
[***] 42693 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jul-2023
Aug-22
1
[***] 42695 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jul-2023
Jan-23
1
[***] 42565 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jul-2023
Jan-23
1
[***] 42565 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Aug-2023
Feb-23
1
[***] 42562 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Aug-2023
Feb-23
1
[***] 42564 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Sep-2023
Mar-23
1
[***] 42557 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Sep-2023
Apr-23
1
[***] 42555 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Oct-2023
May-23
1
[***] 42594 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Oct-2023
May-23
1
[***] 42568 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Oct-2023
Jun-23
1
[***] 42581 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Nov-2023
Jul-23
1
[***] 42582 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Nov-2023
Jul-23
1
[***] 42597 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Dec-2023
Aug-23
1
[***] 42593 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Dec-2023
Sep-23
1
[***] 42578 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jan-2024
Sep-23
1
[***] 42601 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jan-2024
Oct-23
1
[***] 42605 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2024
Dec-23
1
[***] 42583 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2024
Jan-24
1
[***] 42584 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2024
Jan-24
1
[***] 42585 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2024
Jan-24
1
[***] 42611 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2024
Feb-24
1
[***] 42596 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2024
Feb-24
1
[***] 42599 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2024
Feb-24
1
[***] 42612 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2024
Apr-24
1
[***] 42606 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2024
Apr-24
1
[***] 42617 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
May-2024
May-24
1
[***] 42608 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
SA-15
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Boeing Proprietary
Page 4


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
May-2024
May-24
1
[***] 42619 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
May-2024
May-24
1
[***] 42622 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jun-2024
Jun-24
1
[***] 42610 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jun-2024
Aug-24
1
[***] 42626 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jul-2024
Aug-24
1
[***] 42624 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jul-2024
Sep-24
1
[***] 42630 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Aug-2024
Oct-24
1
[***] 42625 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Aug-2024
Oct-24
1
[***] 42636 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Aug-2024
Nov-24
1
[***] 42639 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Sep-2024
Dec-24
1
[***] 42640 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Sep-2024
Dec-24
1
[***] 42628 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Oct-2024
Feb-25
1
[***] 42643 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Oct-2024
Mar-25
1
[***] 42645 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Oct-2024
Mar-25
1
[***] 42644 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Nov-2024
Apr-25
1
[***] 42659 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Nov-2024
Apr-25
1
[***] 42660 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Dec-2024
May-25
1
[***] 42663 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Dec-2024
Jun-25
1
[***] 42667 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jan-2025
Jul-25
1
[***] 42668 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Jan-2025
Aug-25
1
[***] 42675 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2025
Sep-25
1
[***] 42677 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2025
Sep-25
1
[***] 42676 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Feb-2025
Oct-25
1
[***] 42692 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2025
Oct-25
1
[***] 42696 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2025
Nov-25
1
[***] 42698 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Mar-2025
Nov-25
1
[***] 42700 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2025
Dec-25
1
[***] 42702 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2025
Dec-25
1
[***] 42701 [***] [***]
***737-8 Sub
[***] [***] [***] [***] [***]
Apr-2025
1
[***] 67319 [***] [***] [***] [***] [***] [***] [***]
SA-15
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Boeing Proprietary
Page 5


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
May-2025
1
[***] 67321 [***] [***] [***] [***] [***] [***] [***]
May-2025
1
[***] 67320 [***] [***] [***] [***] [***] [***] [***]
May-2025
1
[***] 67322 [***] [***] [***] [***] [***] [***] [***]
Jun-2025
1
[***] 67323 [***] [***] [***] [***] [***] [***] [***]
Jun-2025
1
[***] 67324 [***] [***] [***] [***] [***] [***] [***]
Jul-2025
1
[***] 67325 [***] [***] [***] [***] [***] [***] [***]
Jul-2025
1
[***] 67326 [***] [***] [***] [***] [***] [***] [***]
Aug-2025
1
[***] 67328 [***] [***] [***] [***] [***] [***] [***]
Aug-2025
1
[***] 67327 [***] [***] [***] [***] [***] [***] [***]
Sep-2025
1
[***] 67330 [***] [***] [***] [***] [***] [***] [***]
Sep-2025
1
[***] 67329 [***] [***] [***] [***] [***] [***] [***]
Oct-2025
1
[***] 67333 [***] [***] [***] [***] [***] [***] [***]
Oct-2025
1
[***] 67332 [***] [***] [***] [***] [***] [***] [***]
Oct-2025
1
[***] 67331 [***] [***] [***] [***] [***] [***] [***]
Nov-2025
1
[***] 67335 [***] [***] [***] [***] [***] [***] [***]
Nov-2025
1
[***] 67334 [***] [***] [***] [***] [***] [***] [***]
Dec-2025
1
[***] 67338 [***] [***] [***] [***] [***] [***] [***]
Dec-2025
1
[***] 67337 [***] [***] [***] [***] [***] [***] [***]
Dec-2025
1
[***] 67336 [***] [***] [***] [***] [***] [***] [***]
Jan-2026
1
[***] 67339 [***] [***] [***] [***] [***] [***] [***]
Feb-2026
1
[***] 67340 [***] [***] [***] [***] [***] [***] [***]
Mar-2026
1
[***] 67342 [***] [***] [***] [***] [***] [***] [***]
Mar-2026
1
[***] 67341 [***] [***] [***] [***] [***] [***] [***]
Apr-2026
1
[***] 67343 [***] [***] [***] [***] [***] [***] [***]
May-2026
1
[***] 67345 [***] [***] [***] [***] [***] [***] [***]
May-2026
1
[***] 67344 [***] [***] [***] [***] [***] [***] [***]
Jun-2026
1
[***] 67346 [***] [***] [***] [***] [***] [***] [***]
Jul-2026
1
[***] 67347 [***] [***] [***] [***] [***] [***] [***]
Aug-2026
1
[***] 67348 [***] [***] [***] [***] [***] [***] [***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
Page 6


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
Sep-2026
1
[***] 67349 [***] [***] [***] [***] [***] [***] [***]
Oct-2026
1
[***] 67351 [***] [***] [***] [***] [***] [***] [***]
Oct-2026
1
[***] 67350 [***] [***] [***] [***] [***] [***] [***]
Nov-2026
1
[***] 67352 [***] [***] [***] [***] [***] [***] [***]
Dec-2026
1
[***] 67353 [***] [***] [***] [***] [***] [***] [***]
Jan-2027
1
[***] 67354 [***] [***] [***] [***] [***] [***] [***]
Feb-2027
1
[***] 67355 [***] [***] [***] [***] [***] [***] [***]
Mar-2027
1
[***] 67357 [***] [***] [***] [***] [***] [***] [***]
Mar-2027
1
[***] 67356 [***] [***] [***] [***] [***] [***] [***]
Apr-2027
1
[***] 67358 [***] [***] [***] [***] [***] [***] [***]
May-2027
1
[***] 67360 [***] [***] [***] [***] [***] [***] [***]
May-2027
1
[***] 67359 [***] [***] [***] [***] [***] [***] [***]
Jun-2027
1
[***] 67361 [***] [***] [***] [***] [***] [***] [***]
Jul-2027
1
[***] 67362 [***] [***] [***] [***] [***] [***] [***]
Aug-2027
1
[***] 67363 [***] [***] [***] [***] [***] [***] [***]
Sep-2027
1
[***] 67364 [***] [***] [***] [***] [***] [***] [***]
Oct-2027
1
[***] 67366 [***] [***] [***] [***] [***] [***] [***]
Oct-2027
1
[***] 67365 [***] [***] [***] [***] [***] [***] [***]
Nov-2027
1
[***] 67367 [***] [***] [***] [***] [***] [***] [***]
Dec-2027
1
[***] 67368 [***] [***] [***] [***] [***] [***] [***]
Jan-2028
1
[***] 67369 [***] [***] [***] [***] [***] [***] [***]
Feb-2028
1
[***] 67370 [***] [***] [***] [***] [***] [***] [***]
Mar-2028
1
[***] 67372 [***] [***] [***] [***] [***] [***] [***]
Mar-2028
1
[***] 67371 [***] [***] [***] [***] [***] [***] [***]
Apr-2028
1
[***] 67373 [***] [***] [***] [***] [***] [***] [***]
May-2028
1
[***] 67375 [***] [***] [***] [***] [***] [***] [***]
May-2028
1
[***] 67374 [***] [***] [***] [***] [***] [***] [***]
Jun-2028
1
[***] 67376 [***] [***] [***] [***] [***] [***] [***]
Jul-2028
1
[***] 67377 [***] [***] [***] [***] [***] [***] [***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
Page 7


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
Aug-2028
1
[***] 67378 [***] [***] [***] [***] [***] [***] [***]
Sep-2028
1
[***] 67379 [***] [***] [***] [***] [***] [***] [***]
Oct-2028
1
[***] 67381 [***] [***] [***] [***] [***] [***] [***]
Oct-2028
1
[***] 67380 [***] [***] [***] [***] [***] [***] [***]
Nov-2028
1
[***] 67382 [***] [***] [***] [***] [***] [***] [***]
Dec-2028
1
[***] 67383 [***] [***] [***] [***] [***] [***] [***]
Jan-2029
1
[***] 67385 [***] [***] [***] [***] [***] [***] [***]
Jan-2029
1
[***] 67384 [***] [***] [***] [***] [***] [***] [***]
Feb-2029
1
[***] 67386 [***] [***] [***] [***] [***] [***] [***]
Mar-2029
1
[***] 67388 [***] [***] [***] [***] [***] [***] [***]
Mar-2029
1
[***] 67387 [***] [***] [***] [***] [***] [***] [***]
Apr-2029
1
[***] 67389 [***] [***] [***] [***] [***] [***] [***]
May-2029
1
[***] 67391 [***] [***] [***] [***] [***] [***] [***]
May-2029
1
[***] 67390 [***] [***] [***] [***] [***] [***] [***]
Jun-2029
1
[***] 67393 [***] [***] [***] [***] [***] [***] [***]
Jun-2029
1
[***] 67392 [***] [***] [***] [***] [***] [***] [***]
Jul-2029
1
[***] 67395 [***] [***] [***] [***] [***] [***] [***]
Jul-2029
1
[***] 67394 [***] [***] [***] [***] [***] [***] [***]
Aug-2029
1
[***] 67397 [***] [***] [***] [***] [***] [***] [***]
Aug-2029
1
[***] 67396 [***] [***] [***] [***] [***] [***] [***]
Sep-2029
1
[***] 67399 [***] [***] [***] [***] [***] [***] [***]
Sep-2029
1
[***] 67398 [***] [***] [***] [***] [***] [***] [***]
Oct-2029
1
[***] 67400 [***] [***] [***] [***] [***] [***] [***]
Nov-2029
1
[***] 67401 [***] [***] [***] [***] [***] [***] [***]
Dec-2029
1
[***] 67403 [***] [***] [***] [***] [***] [***] [***]
Dec-2029
1
[***] 67402 [***] [***] [***] [***] [***] [***] [***]
Jan-2030
1
[***] 67404 [***] [***] [***] [***] [***] [***] [***]
Feb-2030
1
[***] 67405 [***] [***] [***] [***] [***] [***] [***]
Mar-2030
1
[***] 67407 [***] [***] [***] [***] [***] [***] [***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
Page 8


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

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

[***]
Total

[***]
Mar-2030
1
[***] 67406 [***] [***] [***] [***] [***] [***] [***]
Apr-2030
1
[***] 67408 [***] [***] [***] [***] [***] [***] [***]
May-2030
1
[***] 67409 [***] [***] [***] [***] [***] [***] [***]
May-2030
1
[***] 67410 [***] [***] [***] [***] [***] [***] [***]
Jun-2030
1
[***] 67411 [***] [***] [***] [***] [***] [***] [***]
Jul-2030
1
[***] 67412 [***] [***] [***] [***] [***] [***] [***]
Aug-2030
1
[***] 67413 [***] [***] [***] [***] [***] [***] [***]
Sep-2030
1
[***] 67414 [***] [***] [***] [***] [***] [***] [***]
Oct-2030
1
[***] 67416 [***] [***] [***] [***] [***] [***] [***]
Oct-2030
1
[***] 67415 [***] [***] [***] [***] [***] [***] [***]
Nov-2030
1
[***] 67417 [***] [***] [***] [***] [***] [***] [***]
Dec-2030
1
[***] 67418 [***] [***] [***] [***] [***] [***] [***]

Total:
234

* [***]
** Manufacturer Serial Numbers (MSN) are for reference only and are subject to change.
*** [***]
Notes:
(1) [***]
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Boeing Proprietary
Page 9


image_1.jpg
The Boeing Company
P.O. Box 3707
Seattle, WA 981242207

SWA-PA-03729-LA-1106474R6
Southwest Airlines Co.
2702 Love Field Drive
P.O. Box 36611
Dallas, Texas 75235-1611
Subject:    Option Aircraft
Reference:    Purchase Agreement No. PA-03729 (Purchase Agreement) between The Boeing Company (Boeing) and Southwest Airlines Co. (Customer) relating to Model 737-8 aircraft and Model 737-7 aircraft
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
1.Right to Purchase Option Aircraft.
Subject to the terms and conditions contained in this Letter Agreement, in addition to the Aircraft described in Table 1 to the Purchase Agreement as of the date of execution of this Letter Agreement, Customer will have the option to purchase additional Boeing Model 7378 aircraft as option aircraft (Option Aircraft).
2.Delivery.
The number of Option Aircraft and delivery dates are listed in the Attachment 1-A, 1-B, and 1-C (collectively Attachment 1) to this Letter Agreement. The Attachment 1-A Aircraft are the Original Option Aircraft (Original Option Aircraft), the Attachment 1-B Aircraft are the 2020 Option Aircraft (2020 Option Aircraft) and the Attachment 1-C Aircraft are the 2021 Option Aircraft (2021 Option Aircraft).
3.Configuration.
3.1.Subject to the provisions of Article 3.2, below, the configuration for the Option Aircraft will be the Detail Specification for Boeing Model 7378 aircraft at the revision level in effect at the time of Definitive Agreement (as defined in Article 8). Such Detail Specification will be revised to include (i) changes applicable to the Detail Specification that are developed by Boeing between the Option Exercise Date (as defined below) and the signing of the Definitive Agreement, (ii) changes required to obtain required regulatory certificates, and (iii) other changes as mutually agreed.
SWA-PA-03729-LA-1106474R6
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BOEING PROPRIETARY


image_1.jpg

3.2     Boeing reserves the right to configure the Option Aircraft starting from a different configuration specification, provided that it can achieve the same configuration which would result pursuant to the provisions of Article 3.1.
4.[***]







5.[***]







SWA-PA-03729-LA-1106474R6
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BOEING PROPRIETARY


image_1.jpg

6.[***]






7.[***]




8.[***]






9.Assignment.
Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s becoming the operator of the Option Aircraft and cannot be assigned in whole or in part.
SWA-PA-03729-LA-1106474R6
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Option Aircraft
Page 3
BOEING PROPRIETARY


image_1.jpg

10.Confidentiality
Customer understands that certain commercial and financial information contained in this Letter Agreement is considered by Boeing as confidential and has value precisely because it is not available generally to other parties. Customer agrees to limit the disclosure of the contents of this Letter Agreement to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this Article) without the prior written consent of Boeing and (c) any auditors and attorneys of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this Article, or are otherwise bound by a confidentiality obligation. Disclosure to other parties is not permitted without Boeing’s consent except as may be required by applicable law or governmental regulations. Customer shall be fully responsible to Boeing for compliance with such obligations.
SWA-PA-03729-LA-1106474R6
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Option Aircraft
Page 4
BOEING PROPRIETARY


image_1.jpg










Very truly yours,

THE BOEING COMPANY
By /s/ Carson J May
Name Carson J. May
Its Attorney-In-Fact
ACCEPTED AND AGREED TO this
Date: June 14, 2021
SOUTHWEST AIRLINES CO.
By
/s/ Chris Monroe
Name
Chris Monroe
Its SVP Finance and Treasurer






SWA-PA-03729-LA-1106474R6
SA-15
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Page 5
BOEING PROPRIETARY


Attachment 1-A To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:    737-8
Engine Model/Thrust:    CFMLEAP-1B28(1)
181,200 pounds
28,800 pounds
Detail Specification:
Airframe Price Base Year/Escalation Formula:
D019A008-S (5/1/2017) Jul-11


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):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
[***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate:
[***]
Seller Purchased Equipment (SPE) Estimate:
[***]
Non-Refundable Deposit/Aircraft at Def Agreement:
[***]

Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline


[***]



Note



MSN
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
[***]
Mar-2022
1
[***]
[***] [***]
[***]1
Remarket Aircraft**
67206
[***]
[***] [***] [***] [***]
Mar-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67205
[***] [***] [***] [***] [***]
Mar-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67207
[***] [***] [***] [***] [***]
Mar-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67208
[***] [***] [***] [***] [***]
Mar-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67209
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67210
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67211
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67212
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67213
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67214
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67216
[***] [***] [***] [***] [***]
Apr-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67215
[***] [***] [***] [***] [***]
May-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
May-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67218
[***] [***] [***] [***] [***]
May-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
67217
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
SA-15
SWA-PA-03729-LA-1106474 107813 116801-1F.txt Boeing Proprietary
Page 1


Attachment 1-A To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments


Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
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
[***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Aug-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Aug-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Aug-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Sep-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Oct-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Oct-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Oct-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Oct-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Nov-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Nov-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Nov-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Nov-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Nov-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Nov-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Dec-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Dec-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Dec-2022
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Dec-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Dec-2022
1
[***] [***] [***] [***] [***] [***] [***] [***]
Jan-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jan-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jan-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Feb-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Feb-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Feb-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Mar-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Mar-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Mar-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Apr-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Apr-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
May-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
May-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
May-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
SA-15
SWA-PA-03729-LA-1106474 107813 116801-1F.txt Boeing Proprietary
Page 2


Attachment 1-A To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments


Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
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
[***]
Jun-2023
1
[***]
[***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jun-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Jul-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Jul-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Aug-2023
1
[***] [***] [***]
[***]1
Remarket Aircraft**
[***] [***] [***] [***] [***]
Sep-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Sep-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Nov-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Nov-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Dec-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Dec-2023
1
[***] [***] [***] [***] [***] [***] [***] [***]
Mar-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
May-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
May-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
May-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Jun-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Jun-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Jun-2024
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Jan-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Jan-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Jan-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Feb-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Feb-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Feb-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Mar-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Mar-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Mar-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Mar-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
Apr-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
SA-15
SWA-PA-03729-LA-1106474 107813 116801-1F.txt Boeing Proprietary
Page 3


Attachment 1-A To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments


Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
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
[***]
Apr-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
May-2025
1
[***] [***] [***] [***] [***] [***] [***] [***] [***]
May-2025
1
[***] [***] [***] [***]
Previously Earned
*** [***] [***] [***] [***] [***]
May-2025
1
[***] [***] [***] [***]
Previously Earned
*** [***] [***] [***] [***] [***]
May-2025
1
[***] [***] [***] [***]
Previously Earned
*** [***] [***] [***] [***] [***]
Jun-2025
1
[***] [***] [***] [***]
Previously Earned
*** [***] [***] [***] [***] [***]
Jun-2025
1
[***] [***] [***] [***]
Previously Earned
*** [***] [***] [***] [***] [***]

Total:
109


* [***]
** [***]
*** [***]
Note:

(1[***].
SA-15
SWA-PA-03729-LA-1106474 107813 116801-1F.txt Boeing Proprietary
Page 4


image_1.jpg
The Boeing Company
P.O. Box 3707
Seattle, WA 981242207



SWA-PA-03729-LA-2100814R1


Southwest Airlines Co.
2702 Love Field Drive
P.O. Box 36611
Dallas, Texas 75235-1611

Subject:    [***]

References:    1)    Purchase Agreement No. PA-03729 (Purchase Agreement) between The Boeing Company (Boeing) and Southwest Airlines Co. (Customer) relating to Model 737-8 and 737-7 aircraft (Aircraft)

    2)    Letter Agreement SWA PA 03729 LA-1106474R6 entitled “Option Aircraft” (Option Aircraft Letter Agreement)

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement will have the same meaning as in the Purchase Agreement.
1.Definitions.
[***]

[***]



[***]

[***]

Option Aircraft will have the meaning specified in Letter Agreement Number LA-1106474R6 relating to Option Aircraft.
Original Option Aircraft will have the meaning specified in Letter Agreement Number LA-1106474R6 relating to Option Aircraft.
2020 Option Aircraft will have the meaning specified in Letter Agreement Number LA-1106474R6 relating to Option Aircraft.
Page 1
BOEING PROPRIETARY


image_1.jpg



2021 Option Aircraft will have the meaning specified in Letter Agreement Number LA-1106474R6 relating to Option Aircraft.
Program Aircraft means (i) each firm and exercised Option Aircraft in Table 1 of the Purchase Agreement as of the date of this Letter Agreement that are scheduled for delivery after January 1, 2024, (ii) each of the (100) 737-7 firm Aircraft, (iii) each exercised Original Option Aircraft, (iv) each exercised 2020 Option Aircraft and (v) each exercised 2021 Option Aircraft.
[***]


2.Applicability.
2.1.[***]
2.2.[***]


3.[***]



4.[***]




5.[***]
SWA-PA-03729-LA-2100814R1 SA-15
BOEING PROPRIETARY
Page 2


image_1.jpg





6.[***]



7.Assignment.
Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer becoming the operator of the Aircraft and cannot be assigned, in whole or in part, without the prior written consent of Boeing.
8.Confidentiality.
The information contained herein represents confidential business information and has value precisely because it is not available generally or to other parties. Customer will 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.

ACCEPTED AND AGREED TO this
Date:
June 14, 2021
SOUTHWEST AIRLINES CO. THE BOEING COMPANY
By: /s/ Chris Monroe By: /s/ Carson J May
Name: Chris Monroe Name: Carson J. May
Title: SVP Finance and Treasurer Title: Attorney-In-Fact
SWA-PA-03729-LA-2100814R1 SA-15
BOEING PROPRIETARY
Page 3


image_1.jpg



ATTACHMENT A

[***]

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[***] [***] [***]

SWA-PA-03729-LA-2100814R1 SA-15
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ATTACHMENT B-1 : [***]

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SWA-PA-03729-LA-2100814R1 SA-15
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SWA-PA-03729-LA-2100814R1 SA-15
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Page 7


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ATTACHMENT B-2: [***]

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