Exhibit 4.38.1

AMENDMENT N° 15

TO
THE A320/A330

PURCHASE AGREEMENT

BETWEEN

AIRBUS S.A.S.

AND

TAM
 LINHAS AEREAS S.A.

REF: CT1242567



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|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 1 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

AMENDMENT N° 15

TO THE

A320/A330
PURCHASE AGREEMENT

This Amendment No. 15 is made as of the 18th day of February 2013 to the
A320/A330 Purchase Agreement signed on November 14, 2006,

Between

AIRBUS S.A.S., having its principal office at:



| |  |                                                    |  | 
| |  | -------------------------------------------------- |  | 
| |  | 1, rond-point Maurice Bellonte 31707 BLAGNAC
CEDEX |  | 
| |  |                                                   
| |  | FRANCE                                             |  | 

and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (hereinafter referred to as
the Seller) of the one part,

AND

TAM  LINHAS AEREAS S.A., having its principal office at:



| |  |                                                                                     |  | 
| |  | ----------------------------------------------------------------------------------- |  | 
| |  | Avenida Jurandir, 856, 4°andar, Lote 4, CEP
04072 - 000, Jardim CECI SAO PAULO - SP |  | 
| |  |                                                                                    
| |  | BRAZIL                                                                              |  | 

(herein after referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party.



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|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 2 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

WHEREAS



|A- | The Seller and the Buyer have signed on November 14, 2006, an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by the Buyer and the sale by the Seller of certain A320 Family Aircraft
and A330-200 Aircraft which, together with all Exhibits, Appendixes, Letter Agreements, Amendment No. 1, dated as of January 21, 2008, Amendment No. 2, dated as of October 15, 2008, Amendment No. 3 dated January 12,
2009, Amendment No.4, dated as of July 1, 2009, Amendment No.5, dated as of December 24, 2009, Amendment No.6, dated as of March 4, 2010, Amendment No.7, dated as of July 28, 2010, Amendment No.8, dated as of April 29, 2011,
Amendment No.9, dated as of June 13, 2011, Amendment No.10, dated as of October 11, 2011, Amendment No.11, dated as of October 11, 2011, Amendment No.12, dated as of January 27, 2012, Amendment No. 13, dated as of
November 30, 2012 and Amendment No. 14, dated as of December 14, 2012 incorporated therein is hereinafter referred to as the Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B- | The Buyer and the Seller have agreed to make some changes to the Scheduled Delivery Month of certain A320 Family Aircraft.
|-- | --------------------------------------------------------------------------------------------------------------------------



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|------------------------------------------------- |  | ------------
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[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

NOW THEREFORE IT IS AGREED AS FOLLOWS:



|1. | A320 FAMILY RESCHEDULING
|-- | ------------------------



|1.1 | The Buyer has requested to the Seller, and the Seller has agreed to reschedule the delivery of Aircraft identified by rank numbers 98, 107 and 109 as follows:
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------



|              |  |        |  |                                             |  |                                    |  |               |  |                   
|------------- |  | ------ |  | ------------------------------------------- |  | ---------------------------------- |  | ------------- |  | ------------------
|Aircraft
Rank |  | CAC_Id |  | Original
Scheduled Delivery
Month /
Quarter |  | Revised
Scheduled Delivery
Quarter |  | Aircraft
Type |  | Aircraft Batch    
|98            |  | 242684 |  | December 2013                               |  | March 2014                         |  | A320          |  | Aircraft Nos95-114
|107           |  | 284656 |  | December 2013                               |  | May 2014                           |  | A320          |  | Aircraft Nos95-114
|109           |  | 284658 |  | December 2013                               |  | June 2014                          |  | A320          |  | Aircraft Nos95-114



|1.2 | New Delivery Schedule: As a result of the rescheduling set forth in Clause 1.1 above, Clause 9.1.1.1 of the Agreement is hereby amended and restated as follows:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------

QUOTE

9.1.1.1    A319 / A320 / A321 Aircraft



|                 |  |               |  |                        |  |                    
|---------------- |  | ------------- |  | ---------------------- |  | -------------------
|Aircraft Rank    |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as
|- Aircraft N° 64 |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 65 |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 66 |  | A320          |  | Oct-07                 |  |                    
|-Aircraft N° 67  |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 68 |  | A321          |  | Nov-07                 |  |                    
|- Aircraft N° 69 |  | A319          |  | Nov-08                 |  |                    
|- Aircraft N° 70 |  | A319          |  | Jul-08                 |  |                    
|- Aircraft N° 71 |  | A319          |  | Aug-08                 |  |                    
|- Aircraft N° 72 |  | A321          |  | Feb-09                 |  |                    
|- Aircraft N° 73 |  | A321          |  | Jan-09                 |  |                    
|- Aircraft N° 74 |  | A321          |  | Mar-13                 |  |                    
|- Aircraft N° 75 |  | A320          |  | May-09                 |  |                    
|- Aircraft N° 76 |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 77 |  | A321          |  | Jan-11                 |  |                    
|- Aircraft N° 78 |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 79 |  | A321          |  | Apr-11                 |  |                    
|- Aircraft N° 80 |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 81 |  | A319          |  | Jan-10                 |  |                    
|- Aircraft N° 82 |  | A319          |  | Jul-11                 |  |                    
|- Aircraft N° 83 |  | A319          |  | Jun-11                 |  |                    



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|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 4 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                  |  |               |  |                        |  |                                      
|----------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank     |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 84  |  | A321          |  | Jun-10                 |  |                                      
|- Aircraft N° 85  |  | A320          |  | Mar-12                 |  |                                      
|- Aircraft N° 86  |  | A320          |  | Feb-12                 |  |                                      
|- Aircraft N° 87  |  | A320          |  | Jun-13                 |  |                                      
|- Aircraft N° 88  |  | A320          |  | Nov-13                 |  |                                      
|- Aircraft N° 89  |  | A319          |  | Jun-11                 |  |                                      
|- Aircraft N° 90  |  | A320          |  | Jul-12                 |  |                                      
|- Aircraft N° 91  |  | A320          |  | Mar-12                 |  |                                      
|- Aircraft N° 92  |  | A320          |  | Oct-10                 |  |                                      
|- Aircraft N° 93  |  | A320          |  | Jun-12                 |  |                                      
|- Aircraft N° 94  |  | A320          |  | Nov-13                 |  |                                      
|-Aircraft N° 95   |  | A320          |  | Aug-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 96  |  | A320          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 97  |  | A320          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 98  |  | A320          |  | Mar-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 99  |  | A320          |  | Nov-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 100 |  | A320          |  | Aug-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 101 |  | A320          |  | May-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 102 |  | A320          |  | Jun-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 103 |  | A320          |  | Apr-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 104 |  | A320          |  | Jul-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 105 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 106 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 107 |  | A320          |  | May-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 108 |  | A320          |  | Oct-13                 |  | Aircraft Nos 95-114                  
|-Aircraft N° 109  |  | A320          |  | Jun-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 110 |  | A319          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 111 |  | A320          |  | May-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 112 |  | A319          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 113 |  | A320          |  | Mar-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 114 |  | A320          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 115 |  | A321          |  | Jan-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 116 |  | A320          |  | Feb-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 117 |  | A320          |  | Mar-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 118 |  | A321          |  | Apr-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 119 |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 120 |  | A319          |  | Jun-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 121 |  | A321          |  | Sep-14                 |  | 2010 A320 Family Incremental Aircraft



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|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 5 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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|                       |  |               |  |                        |  |                                      
|---------------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank          |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 122      |  | A320          |  | Aug-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 123      |  | A319          |  | Jul-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 124      |  | A321          |  | Dec-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 125      |  | A320          |  | Nov-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 126      |  | A319          |  | Dec-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 127      |  | A321          |  | [***] 15               |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 128      |  | A320          |  | [***] 15               |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 129      |  | A319          |  | [***] 15               |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 130      |  | A319          |  | [***] 15               |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 131      |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 132      |  | A320          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 133      |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 134      |  | A320          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 135      |  | A320          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 136      |  | A320          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 137      |  | A320          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 138      |  | A320          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 139      |  | A320          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 140      |  | A320          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 141      |  | A320          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 142      |  | A320          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 143      |  | A320          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 144      |  | A320          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|                       |  |               | 
|- [***]Aircraft N° 145 |  | A320          |  | [***] 2016             |  | 2011 A320 [***] Family Aircraft      



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|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 6 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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|                       |  |               |  |                        |  |                                
|---------------------- |  | ------------- |  | ---------------------- |  | -------------------------------
|Aircraft Rank          |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as            
|-[***] Aircraft N° 146 |  | A320          |  | [***] 2016             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 147 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 148 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 149 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 150 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 151 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 152 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 153 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 154 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 155 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 156 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 157 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 158 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 159 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 160 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 161 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 162 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 163 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 164 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 165 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 166 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft



|1.3 | Pre-delivery payment:
|--- | ---------------------

As a result of the Aircraft rescheduling set forth in
Clause 1.1 above, the Parties hereby agree the Buyer shall [***], being the amount previously paid by the



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|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 7 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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Buyer in respect of Aircraft ranks 98, 107 and 109 and no longer due in accordance with the Predelivery Payment schedule, and this amount [***] under the Agreement.



|1.4 | Propulsion System and BFE:
|--- | --------------------------

The Buyer is responsible for communicating the above
changes to the relevant Propulsion Systems and BFE suppliers and ensuring the availability of the relevant Propulsion Systems and BFE in accordance with the change contemplated in this Amendment No. 15.

The parties are currently in discussions regarding the Buyers selection of Propulsion Systems for Aircraft rank 115 through, and
including, Aircraft rank 134.



|2. | CONFIDENTIALITY
|-- | ---------------

This Amendment No. 15 is subject to the confidentiality provisions
set forth in Clause 22.10 of the Agreement.



|3. | LAW AND JURISDICTION
|-- | --------------------

This Amendment No. 15 shall be governed by and construed in
accordance with the laws of England. Any dispute arising out of or in connection with this No. 15 shall be within the exclusive jurisdiction of the Courts of England.



|4. | MISCELLANEOUS PROVISIONS
|-- | ------------------------

If not otherwise expressly stated in this Amendment
No. 15, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment No 15.

This Amendment No. 15
supersedes any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to herein.

The Agreement between the Seller and the Buyer shall be deemed amended to the extent herein provided, and, except as specifically amended
hereby, shall continue in full force and effect in accordance with its original terms.

Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned thereto in the Agreement.

In the event of any inconsistency between the Agreement and the
present Amendment No. 15, the latter shall prevail to the extent of said inconsistency.



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|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 8 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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|5. | SEVERABILITY
|-- | ------------

In the event that any provision of this Amendment No. 15 should for
any reason be held ineffective, the remainder of this Amendment No. 15 shall remain in full force and effect. To the extent permitted by applicable law, each party hereto hereby waives any provision of law which renders any provision of this
Amendment No. 15 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 15 which may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject
to applicable law, be performed in accordance with the spirit and purpose of this Amendment No. 15.

This Amendment No 15 has been executed in two
(2) original specimens which are in English.



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|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 9 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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IN WITNESS WHEREOF this Amendment No 15 to the Agreement was duly entered into the day and year first
above written.



|                         |  |  |  |                      |  |                                
|------------------------ |  |  |  | -------------------- |  | -------------------------------
|For and on behalf of     |  |  |  | For and on behalf of
|                         |  | 
|TAM - LINHAS AEREAS S.A. |  |  |  | AIRBUS S.A.S.       
|                         |  | 
|                         |  |  |  | LOGO                
|Name:                    |  |  |  | Name:                |  | Christophe Mourey              
|                         |  |  | 
|Title:                   |  |  |  | Title:               |  | Senior Vice President Contracts
|                         |  |  | 
|Name:                    |  |  |  |                      |  |                                
|                         |  |  | 
|Title:                   |  |  |  |                      |  |                                



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 10 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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IN WITNESS WHEREOF this Amendment No 15 to the Agreement was duly entered into the day and year first
above written.



|                         |  |                                                        |  |  |  |        |  | 
|------------------------ |  | ------------------------------------------------------ |  |  |  | ------ |  | 
|For and on behalf of     |  | For and on behalf of                                  
|                         | 
|TAM - LINHAS AEREAS S.A. |  | AIRBUS S.A.S.                                         
|                         |  |                                                        |  | 
|                         |  | LOGO                                                   |  |  |  |        |  | 
|Name:                    |  | JOSE MALUF                                             |  |  |  | Name:  |  | 
|                         |  |                                                        |  | 
|Title:                   |  | VP Flota Latam LATAM Airlines Group
S.A.               |  |  |  | Title: |  | 
|                         |  |                                                        |  | 
|                         |  | LOGO                                                   |  |  |  |        |  | 
|Name:                    |  | FELIPE CAMPOS                                          |  |  |  |        |  | 
|                         |  |                                                        |  | 
|Title:                   |  | Director Leasing Flota Latam LATAM Airlines
Group S.A. |  |  |  |        |  | 



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 15  CT1242567- 2/2013 |  | Page 10 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



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AMENDMENT N° 16

TO THE A320/A330

PURCHASE AGREEMENT

BETWEEN

AIRBUS S.A.S.

AND

TAM
 LINHAS AEREAS S. A.

REF: CT1242567



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 1 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

AMENDMENT N° 16

TO THE

A320/A330
PURCHASE AGREEMENT

This Amendment No. 16 is made as of the 27th day of February 2013 to the
A320/A330 Purchase Agreement signed on November 14, 2006,

Between

AIRBUS S.A.S., having its principal office at:



| |  |                                                    |  | 
| |  | -------------------------------------------------- |  | 
| |  | 1, rond-point Maurice Bellonte 31707 BLAGNAC
CEDEX |  | 
| |  |                                                   
| |  | FRANCE                                             |  | 

and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (hereinafter referred to as
the Seller) of the one part,

AND

TAM  LINHAS AEREAS S.A., having its principal office at:



| |  |                                          |  | 
| |  | ---------------------------------------- |  | 
| |  | Avenida Jurandir, 856, 4° andar, Lote 4, |  | 
| |  | CEP 04072 - 000, Jardim CECI             |  | 
| |  | SAO PAULO - SP                           |  | 
| |  |                                         
| |  | BRAZIL                                   |  | 

(herein after referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party.



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 2 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

WHEREAS



|A- | The Seller and the Buyer have signed on November 14, 2006, an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by the Buyer and the sale by the Seller of certain A320 Family Aircraft
and A330-200 Aircraft which, together with all Exhibits, Appendixes, Letter Agreements, Amendment No. 1, dated as of January 21, 2008, Amendment No. 2, dated as of October 15, 2008, Amendment No. 3 dated January 12,
2009, Amendment No. 4, dated as of July 1, 2009, Amendment No. 5, dated as of December 24, 2009, Amendment No. 6, dated as of March 4, 2010, Amendment No. 7, dated as of July 28, 2010, Amendment No. 8, dated as of April 29,
2011, Amendment No. 9, dated as of June 13, 2011, Amendment No. 10, dated as of October 11, 2011, Amendment No. 11, dated as of October 11, 2011, Amendment No. 12, dated as of January 27, 2012, Amendment No. 13,
dated as of November 30, 2012 Amendment No. 14, dated as of December 14, 2012 and Amendment No. 15, dated as of February 18, 2013 incorporated therein is hereinafter referred to as the Agreement.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B- | The Buyer and the Seller have agreed to [***] of certain A320 Family Aircraft.
|-- | ------------------------------------------------------------------------------



|C- | The Buyer and the Seller have agreed to make some changes to the Scheduled Delivery Month and Scheduled Delivery Quarter of certain A320 Family Aircraft.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------



|D- | The Buyer and the Seller have agreed to make certain [***] the Propulsion Systems and NEO Propulsion Systems for certain Aircraft.
|-- | ----------------------------------------------------------------------------------------------------------------------------------



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 3 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

NOW THEREFORE IT IS AGREED AS FOLLOWS:



|1. | A320 FAMILY TYPE CONVERSION AND RESCHEDULING
|-- | --------------------------------------------



|1.1 | The Buyer has requested to the Seller, and the Seller has agreed to [***] A320 Family Aircraft (the [***] Aircraft) and to reschedule the delivery of i) Aircraft identified by rank number 121 and ii)
to certain [***] Aircraft as follows:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|              |  |        |  |                                          |  |                                  |  |                     |  |                     |  |                                      
|------------- |  | ------ |  | ---------------------------------------- |  | -------------------------------- |  | ------------------- |  | ------------------- |  | -------------------------------------
|Aircraft
Rank |  | CAC_Id |  | [***]
Scheduled Delivery
Month /
Quarter |  | [***]
Scheduled Delivery
Quarter |  | [***]
Aircraft
Type |  | [***]
Aircraft
Type |  | Aircraft Batch                       
|96            |  | [***]  |  | [***]
2015                               |  | [***]
2015                       |  | A320                |  | A321                |  | Aircraft Nos95-114                   
|112           |  | [***]  |  | [***]
2015                               |  | [***]
2015                       |  | A319                |  | A321                |  | Aircraft Nos 95-114                  
|114           |  | [***]  |  | [***]
2015                               |  | [***]
2015                       |  | A320                |  | A321                |  | Aircraft Nos 95-114                  
|120           |  | [***]  |  | June 2014                                |  | [***]
2016                       |  | A319                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|121           |  | [***]  |  | September
2014                           |  | November
2014                    |  | A321                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|122           |  | [***]  |  | August
2014                              |  | [***]
2016                       |  | A320                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|123           |  | [***]  |  | July 2014                                |  | [***]
2016                       |  | A319                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|125           |  | [***]  |  | November
2014                            |  | [***]
2016                       |  | A320                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|126           |  | [***]  |  | [***]
2014                               |  | [***]
2016                       |  | A319                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|128           |  | [***]  |  | [***]
2015                               |  | [***]
2016                       |  | A320                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|129           |  | [***]  |  | [***]
2015                               |  | [***]
2016                       |  | A319                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|130           |  | [***]  |  | [***]
2015                               |  | [***]
2016                       |  | A319                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|132           |  | [***]  |  | [***]
2015                               |  | [***]
2016                       |  | A320                |  | A321                |  | 2010 A320 Family Incremental Aircraft
|134           |  | [***]  |  | [***]
2015                               |  | [***]
2015                       |  | A320                |  | A321                |  | 2010 A320 Family Incremental Aircraft



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 4 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

|              |  |        |  |                                          |  |                                  |  |                     |  |                     |  |                                      
|------------- |  | ------ |  | ---------------------------------------- |  | -------------------------------- |  | ------------------- |  | ------------------- |  | -------------------------------------
|Aircraft
Rank |  | CAC_Id |  | [***]
Scheduled Delivery
Month /
Quarter |  | [***]
Scheduled Delivery
Quarter |  | [***]
Aircraft
Type |  | [***]
Aircraft
Type |  | Aircraft Batch                       
|135           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|136           |  | [***]  |  | 1st Quarter
2016                         |  | 1st Quarter
2016                 |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|137           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|138           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|139           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|140           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|141           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|142           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft
|143           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family
Incremental Aircraft
|144           |  | [***]  |  | [***]                                    |  | [***]                            |  | A320                |  | A321                |  | 2011 A320 Family Incremental Aircraft



|1.2 | As a result of the Aircraft [***] set forth in Clause 1.1 above, Clause 1.1 of Amendment No. 7 is hereby amended and restated as follows:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------

QUOTE



| | 1.1 | Sale and Purchase: Pursuant to and in accordance with the terms and conditions contained in this Amendment N°7 (and incorporating the relevant provisions of the A320/A330 Purchase Agreement), the Seller shall
sell and deliver and the Buyer shall buy and take delivery of [***] A320 Aircraft and [***] A321 Aircraft (hereinafter collectively referred to as the 2010 A320 Family Incremental Aircraft).
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 5 of 14

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

UNQUOTE

As a result of the Aircraft [***] set forth in Clause 1.1 above, Clause 0.1 of Amendment No. 10 is hereby amended and restated as follows:

QUOTE

0.1 Sale and
Purchase: Pursuant to and in accordance with the terms and conditions contained in this Amendment N°10 (and incorporating the relevant provisions of the A320/A330 Purchase Agreement), the Seller shall sell and deliver and the Buyer shall buy
and take delivery of [***] A321 Aircraft (hereinafter collectively referred to as the 2011 A320 Family Incremental Aircraft).

UNQUOTE



|1.3 | New Delivery Schedule: As a result of the rescheduling [***] set forth in Clause 1.1 above, Clause 9.1.1.1 of the Agreement is hereby amended and restated as follows:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------

QUOTE



| | 9.1.1.1 | A319 / A320 / A321 Aircraft
| | ------- | ---------------------------



|                 |  |               |  |                        |  |                    
|---------------- |  | ------------- |  | ---------------------- |  | -------------------
|Aircraft Rank    |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as
|- Aircraft N° 64 |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 65 |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 66 |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 67 |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 68 |  | A321          |  | Nov-07                 |  |                    
|- Aircraft N° 69 |  | A319          |  | Nov-08                 |  |                    
|- Aircraft N° 70 |  | A319          |  | Jul-08                 |  |                    
|- Aircraft N° 71 |  | A319          |  | Aug-08                 |  |                    
|- Aircraft N° 72 |  | A321          |  | Feb-09                 |  |                    
|- Aircraft N° 73 |  | A321          |  | Jan-09                 |  |                    
|- Aircraft N° 74 |  | A321          |  | Mar-13                 |  |                    
|- Aircraft N° 75 |  | A320          |  | May-09                 |  |                    
|- Aircraft N° 76 |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 77 |  | A321          |  | Jan-11                 |  |                    
|- Aircraft N° 78 |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 79 |  | A321          |  | Apr-11                 |  |                    
|- Aircraft N° 80 |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 81 |  | A319          |  | Jan-10                 |  |                    
|- Aircraft N° 82 |  | A319          |  | Jul-11                 |  |                    
|- Aircraft N° 83 |  | A319          |  | Jun-11                 |  |                    
|- Aircraft N° 84 |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 85 |  | A320          |  | Mar-12                 |  |                    
|- Aircraft N° 86 |  | A320          |  | Feb-12                 |  |                    
|- Aircraft N° 87 |  | A320          |  | Jun-13                 |  |                    
|- Aircraft N° 88 |  | A320          |  | Nov-13                 |  |                    



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 6 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

|                  |  |               |  |                        |  |                                      
|----------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank     |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 89  |  | A319          |  | Jun-11                 |  |                                      
|- Aircraft N° 90  |  | A320          |  | Jul-12                 |  |                                      
|- Aircraft N° 91  |  | A320          |  | Mar-12                 |  |                                      
|- Aircraft N° 92  |  | A320          |  | Oct-10                 |  |                                      
|- Aircraft N° 93  |  | A320          |  | Jun-12                 |  |                                      
|- Aircraft N° 94  |  | A320          |  | Nov-13                 |  |                                      
|- Aircraft N° 95  |  | A320          |  | Aug-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 96  |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 97  |  | A320          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 98  |  | A320          |  | Mar-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 99  |  | A320          |  | Nov-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 100 |  | A320          |  | Aug-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 101 |  | A320          |  | May-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 102 |  | A320          |  | Jun-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 103 |  | A320          |  | Apr-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 104 |  | A320          |  | Jul-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 105 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 106 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 107 |  | A320          |  | May-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 108 |  | A320          |  | Oct-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 109 |  | A320          |  | Jun-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 110 |  | A319          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 111 |  | A320          |  | May-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 112 |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 113 |  | A320          |  | Mar-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 114 |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 115 |  | A321          |  | Jan-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 116 |  | A320          |  | Feb-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 117 |  | A320          |  | Mar-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 118 |  | A321          |  | Apr-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 119 |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 120 |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 121 |  | A321          |  | Nov-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 122 |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 123 |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 124 |  | A321          |  | Dec-14                 |  | 2010 A320 Family Incremental Aircraft



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 7 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

|                       |  |               |  |                        |  |                                      
|---------------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank          |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 125      |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 126      |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 127      |  | A321          |  | [***] -15              |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 128      |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 129      |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 130      |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 131      |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 132      |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 133      |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 134      |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 135      |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 136      |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 137      |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 138      |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 139      |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 140      |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 141      |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 142      |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 143      |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 144      |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|                       |  |               | 
|-[***] Aircraft N° 145 |  | A320          |  | [***] 2016             |  | 2011 A320 [***] Family Aircraft      
|-[***] Aircraft N° 146 |  | A320          |  | [***] 2016             |  | 2011 A320 [***] Family Aircraft      
|-[***] Aircraft N° 147 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft      
|-[***] Aircraft N° 148 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft      



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 8 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

|                       |  |               |  |                        |  |                                
|---------------------- |  | ------------- |  | ---------------------- |  | -------------------------------
|Aircraft Rank          |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as            
|-[***] Aircraft N° 149 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 150 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 151 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 152 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 153 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 154 |  | A320          |  | [***] 2017             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 155 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 156 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 157 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 158 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 159 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 160 |  | A320          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 161 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 162 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 163 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 164 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 165 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft
|-[***] Aircraft N° 166 |  | A321          |  | [***] 2018             |  | 2011 A320 [***] Family Aircraft



|1.4 | Pre-delivery payment:
|--- | ---------------------

The Predelivery Payments paid to date in respect of the
[***] Aircraft and Aircraft identified by rank number 121 totals [***] As a result of the Aircraft [***] rescheduling set forth in Clause 1.1 above, the parties hereby agree the Buyer shall [***] in respect of the [***] Aircraft, and [***] in
accordance with the Predelivery Payment schedule and this amount [***] under the Agreement. This amount when [***] as of the date hereof.



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 9 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

|1.5 | Propulsion System and BFE:
|--- | --------------------------



|1.5.1 | The Buyer will notify the relevant Propulsion Systems and BFE suppliers of the changes in the delivery schedule [***] effected pursuant to Clause 1.3 and will ensure the availability of the relevant Propulsion Systems
and BFE in accordance with the requirements of the Agreement. The Buyer will also notify the relevant Propulsion Systems suppliers of any changes effected pursuant to Clause 1.5.2 and ensure the availability of the selected Propulsion Systems.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|1.5.2 | Notwithstanding anything to the contrary in the Agreement, the Buyer will provide written notice to the Seller of its choice of Propulsion Systems with respect to the Aircraft rank 119 through and including rank 134 no
later than [***]
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Buyer has previously notified the Seller that Aircraft rank 115 through and including rank 118 will be
equipped with CFM International 56-5B4/P engines for the A320-200 type Aircraft and International Aero Engine V2533-A5 engines for the A321-200 type Aircraft.

The Buyer has also previously notified the Seller of its Propulsion Systems selection with respect to Aircraft ranks 96, 112 and 114, [***]



|1.5.3 | The last sentence in Clause 2.3 of Amendment No. 11 is hereby amended and restated as follows:
|----- | ----------------------------------------------------------------------------------------------

QUOTE

The Buyer will provide
written notice of its choice of NEO Propulsion Systems with respect to the A320 NEO Family Aircraft no later than [***] for the Aircraft with the New Engine Option scheduled to be delivered up to and including [***] pursuant to Clause 9.1.1.1. For
the Aircraft with the New Engine Option scheduled to be delivered from and including the [***] the Buyer shall notify the Seller in writing [***] prior to the Scheduled Delivery Month of such Aircraft.

UNQUOTE



|1.5.4 | If the Buyer does not notify the Seller of its choice of Propulsion Systems or NEO Propulsion Systems on the dates and in the manner specified in the Agreement, then, in addition to any other rights or remedies
available to the Seller under the Agreement or at law, [***]
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 10 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

[***]



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 11 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

|1.6 | Escalation:
|--- | -----------

Clause 1.1(ii) of Letter Agreement No. 2 to Amendment No. 7 of
the Agreement shall be amended, in respect of Aircraft identified by rank numbers 120, 122, 123, 125, 126, 128, 129, 130 & 132, by deleting each and every reference to the date [***] and replacing it with the date [***]



|2. | CONFIDENTIALITY
|-- | ---------------

This Amendment No. 16 is subject to the confidentiality provisions set
forth in Clause 22.10 of the Agreement.



|3. | LAW AND JURISDICTION
|-- | --------------------

This Amendment No. 16 shall be governed by and construed in
accordance with the laws of England. Any dispute arising out of or in connection with this No. 16 shall be within the exclusive jurisdiction of the Courts of England.



|4. | MISCELLANEOUS PROVISIONS
|-- | ------------------------

If not otherwise expressly stated in this Amendment
No. 16, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment No 16.

This Amendment No. 16
supersedes any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to herein.

The Agreement between the Seller and the Buyer shall be deemed amended to the extent herein provided, and, except as specifically amended
hereby, shall continue in full force and effect in accordance with its original terms.

Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned thereto in the Agreement.

In the event of any inconsistency between the Agreement and the
present Amendment No. 16, the latter shall prevail to the extent of said inconsistency.



|5. | SEVERABILITY
|-- | ------------

In the event that any provision of this Amendment No. 16 should for
any reason be held ineffective, the remainder of this Amendment No. 16 shall remain in full force and effect. To the extent permitted by applicable law, each party hereto hereby waives any provision of law which renders any provision of this
Amendment No. 16 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 16 which may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject to
applicable law, be performed in accordance with the spirit and purpose of this Amendment No. 16.



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 12 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

This Amendment No 16 has been executed in two (2) original specimens which are in English.



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 13 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

IN WITNESS WHEREOF this Amendment No 16 to the Agreement was duly entered into the day and year first
above written.



|                         |  |                             |  |        |  | 
|------------------------ |  | --------------------------- |  | ------ |  | 
|For and on behalf of     |  | For and on behalf of       
|                         | 
|TAM - LINHAS AEREAS S.A. |  | AIRBUS S.A.S.              
|                         |  |                             | 
|                         |  | LOGO                        |  |        |  | 
|Name:                    |  | Ruy Antonio Mendes Amparo   |  | Name:  |  | 
|                         |  |                             | 
|Title:                   |  | Vice President Director     |  | Title: |  | 
|                         |  |                             | 
|                         |  | LOGO                        |  |        |  | 
|Name:                    |  | José Zaidan Maluf           |  |        |  | 
|                         |  |                             | 
|Title:                   |  | Attorney-in-fact Procurador |  |        |  | 



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 16  CT1242567- 2/2013 |  | Page 14 of 14



LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.



---

AMENDMENT N° 17

TO THE A320/A330

PURCHASE AGREEMENT

BETWEEN

AIRBUS S.A.S.

AND

TAM
 LINHAS AEREAS S.A.

REF: CT1242567



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 1 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

AMENDMENT N° 17

TO THE

A320/A330
PURCHASE AGREEMENT

This Amendment No.17 is made as of the 19th day of August 2013 to the
A320/A330 Purchase Agreement signed on November 14, 2006,

Between

AIRBUS S.A.S., having its principal office at:

1, rond-point Maurice Bellonte

31707 BLAGNAC CEDEX

FRANCE

and registered with the Toulouse
Registre du Commerce under number RCS Toulouse 383 474 814 (hereinafter referred to as the Seller) of the one part,

AND

TAM  LINHAS AEREAS S.A., having its principal office at:

Avenida Jurandir, 856, 4°andar, Lote 4,

CEP 04072 - 000, Jardim CECI

SAO PAULO - SP

BRAZIL

(herein after referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party.



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 2 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

WHEREAS



|A- | The Seller and the Buyer have signed on November 14, 2006, an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by the Buyer and the sale by the Seller of certain A320 Family
Aircraft and A330-200 Aircraft which, together with all Exhibits, Appendixes, Letter Agreements, Amendment No. 1, dated as of January 21, 2008, Amendment No. 2, dated as of October 15, 2008, Amendment No. 3 dated
January 12, 2009, Amendment No. 4, dated as of July 1, 2009, Amendment No. 5, dated as of December 24, 2009, Amendment No. 6, dated as of March 4, 2010, Amendment No. 7, dated as of July 28, 2010,
Amendment No. 8, dated as of April 29, 2011, Amendment No. 9, dated as of June 13, 2011, Amendment No. 10, dated as of October 11, 2011, Amendment No. 11, dated as of October 11, 2011, Amendment No. 12,
dated as of January 27, 2012, Amendment No. 13, dated as of November 30, 2012 Amendment No. 14, dated as of December 14, 2012, Amendment No. 15, dated as of February 18, 2013 and Amendment No. 16, dated as of
February 27, 2013 incorporated therein is hereinafter referred to as the Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B- | The Buyer and the Seller have agreed to make a change to the Scheduled Delivery Month of a certain A320 Family Aircraft.
|-- | ------------------------------------------------------------------------------------------------------------------------



|C- | The Buyer wishes to make its selection of the Propulsion Systems and NEO Propulsion Systems for certain Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 3 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

NOW THEREFORE IT IS AGREED AS FOLLOWS:



|1. | A320 FAMILY[***]AND RESCHEDULING
|-- | --------------------------------



|1.1 | The Parties have agreed to reschedule the delivery of one (1) Aircraft identified by rank number 118 as follows:
|--- | ----------------------------------------------------------------------------------------------------------------



|              |  |        |  |                                             |  |                                    |  |               |  |                                      
|------------- |  | ------ |  | ------------------------------------------- |  | ---------------------------------- |  | ------------- |  | -------------------------------------
|Aircraft
Rank |  | CAC_Id |  | Original
Scheduled Delivery
Month /
Quarter |  | Revised
Scheduled Delivery
Quarter |  | Aircraft
Type |  | Aircraft Batch                       
|118           |  | 355733 |  | April 2014                                  |  | May 2014                           |  | A321          |  | 2010 A320 Family Incremental Aircraft



|1.2 | New Delivery Schedule: As a result of the rescheduling set forth in Clause 1.1 above, Clause 9.1.1.1 of the Agreement is hereby amended and restated as follows:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------

QUOTE



| | 9.1.1.1 | A319 / A320 / A321 Aircraft
| | ------- | ---------------------------



|                 |  |               |  |                        |  |                    
|---------------- |  | ------------- |  | ---------------------- |  | -------------------
|Aircraft Rank    |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as
|- Aircraft N° 64 |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 65 |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 66 |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 67 |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 68 |  | A321          |  | Nov-07                 |  |                    
|- Aircraft N° 69 |  | A319          |  | Nov-08                 |  |                    
|- Aircraft N° 70 |  | A319          |  | Jul-08                 |  |                    
|- Aircraft N° 71 |  | A319          |  | Aug-08                 |  |                    
|- Aircraft N° 72 |  | A321          |  | Feb-09                 |  |                    
|- Aircraft N° 73 |  | A321          |  | Jan-09                 |  |                    
|- Aircraft N° 74 |  | A321          |  | Mar-13                 |  |                    
|- Aircraft N° 75 |  | A320          |  | May-09                 |  |                    
|- Aircraft N° 76 |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 77 |  | A321          |  | Jan-11                 |  |                    
|- Aircraft N° 78 |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 79 |  | A321          |  | Apr-11                 |  |                    
|- Aircraft N° 80 |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 81 |  | A319          |  | Jan-10                 |  |                    
|- Aircraft N° 82 |  | A319          |  | Jul-11                 |  |                    
|- Aircraft N° 83 |  | A319          |  | Jun-11                 |  |                    
|- Aircraft N° 84 |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 85 |  | A320          |  | Mar-12                 |  |                    
|- Aircraft N° 86 |  | A320          |  | Feb-12                 |  |                    



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 4 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                  |  |               |  |                        |  |                                      
|----------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank     |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 87  |  | A320          |  | Jun-13                 |  |                                      
|- Aircraft N° 88  |  | A320          |  | Nov-13                 |  |                                      
|- Aircraft N° 89  |  | A319          |  | Jun-11                 |  |                                      
|- Aircraft N° 90  |  | A320          |  | Jul-12                 |  |                                      
|- Aircraft N° 91  |  | A320          |  | Mar-12                 |  |                                      
|- Aircraft N° 92  |  | A320          |  | Oct-10                 |  |                                      
|- Aircraft N° 93  |  | A320          |  | Jun-12                 |  |                                      
|- Aircraft N° 94  |  | A320          |  | Nov-13                 |  |                                      
|- Aircraft N° 95  |  | A320          |  | Aug-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 96  |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 97  |  | A320          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 98  |  | A320          |  | Mar-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 99  |  | A320          |  | Nov-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 100 |  | A320          |  | Aug-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 101 |  | A320          |  | May-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 102 |  | A320          |  | Jun-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 103 |  | A320          |  | Apr-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 104 |  | A320          |  | Jul-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 105 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 106 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 107 |  | A320          |  | May-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 108 |  | A320          |  | Oct-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 109 |  | A320          |  | Jun-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 110 |  | A319          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 111 |  | A320          |  | May-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 112 |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 113 |  | A320          |  | Mar-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 114 |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 115 |  | A321          |  | Jan-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 116 |  | A320          |  | Feb-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 117 |  | A320          |  | Mar-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 118 |  | A321          |  | May-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 119 |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 120 |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 121 |  | A321          |  | Nov-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 122 |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 123 |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 5 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                        |  |               |  |                        |  |                                      
|----------------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank           |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 124       |  | A321          |  | Dec-14                 |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 125       |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 126       |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 127       |  | A321          |  | [***] 15               |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 128       |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 129       |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 130       |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 131       |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 132       |  | A321          |  | [***] 2016             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 133       |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 134       |  | A321          |  | [***] 2015             |  | 2010 A320 Family Incremental Aircraft
|- Aircraft N° 135       |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 136       |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 137       |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 138       |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 139       |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 140       |  | A321          |  | [***] 2016             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 141       |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 142       |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 143       |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|- Aircraft N° 144       |  | A321          |  | [***] 2017             |  | 2011 A320 Family Incremental Aircraft
|                        |  |               | 
|- [***] Aircraft N° 145 |  | A320          |  | [***] 2016             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 146 |  | A320          |  | [***] 2016             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 147 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 6 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                        |  |               |  |                        |  |                                
|----------------------- |  | ------------- |  | ---------------------- |  | -------------------------------
|Aircraft Rank           |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as            
|- [***] Aircraft N° 148 |  | A320          |  | 2nd Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 149 |  | A320          |  | 2nd Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 150 |  | A320          |  | 3rd Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 151 |  | A320          |  | 3rd Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 152 |  | A320          |  | 4th Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 153 |  | A320          |  | 4th Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 154 |  | A320          |  | 4th Quarter 2017       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 155 |  | A320          |  | 1st Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 156 |  | A320          |  | 1st Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 157 |  | A320          |  | 1st Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 158 |  | A320          |  | 2nd Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 159 |  | A320          |  | 2nd Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 160 |  | A320          |  | 2nd Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N°161  |  | A321          |  | 3rd Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 162 |  | A321          |  | 3rd Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 163 |  | A321          |  | 3rd Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 164 |  | A321          |  | 4th Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 165 |  | A321          |  | 4th Quarter 2018       |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 166 |  | A321          |  | 4th Quarter 2018       |  | 2011 A320 [***]
Family Aircraft



|1.3 | Propulsion System:
|--- | ------------------



|1.3.2 | The Buyer hereby selects the following Propulsion Systems with respect to the Aircraft rank 96, 112, 114 and 119 through and including rank 134:
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------

for each A321 Aircraft: CFM INTERNATIONAL 56-5B3/3.



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 7 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|1.3.3 | The Buyer hereby selects the following NEO Propulsion Systems with respect to the A320 NEO Family Aircraft rank 145 through and including rank 160:
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------

for each A319 Aircraft: PRATT & WHITNEY PW1124G

for each A320 Aircraft: PRATT & WHITNEY PW1127G

for each A321 Aircraft: PRATT & WHITNEY PW1133G



|2. | Specification  Design Weight
|-- | -----------------------------

[***]



|3. | Delivery Matters
|-- | ----------------



|3.1 | [***]
|--- | -----



|3.2 | [***]
|--- | -----



|4. | CONFIDENTIALITY
|-- | ---------------

This Amendment No. 17 is subject to the confidentiality provisions
set forth in Clause 22.10 of the Agreement.



|5. | LAW AND JURISDICTION
|-- | --------------------

This Amendment No. 17 shall be governed by and construed in
accordance with the laws of England. Any dispute arising out of or in connection with this No. 17 shall be within the exclusive jurisdiction of the Courts of England.



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 8 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|6. | MISCELLANEOUS PROVISIONS
|-- | ------------------------

If not otherwise expressly stated in this Amendment
No. 17, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment No 17.

This Amendment No. 17
supersedes any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to herein.

The Agreement between the Seller and the Buyer shall be deemed amended to the extent herein provided, and, except as specifically amended
hereby, shall continue in full force and effect in accordance with its original terms.

Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned thereto in the Agreement.

In the event of any inconsistency between the Agreement and the
present Amendment No. 17, the latter shall prevail to the extent of said inconsistency.

This Amendment No. 17 may be signed by
the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument.



|7. | SEVERABILITY
|-- | ------------

In the event that any provision of this Amendment No. 17 should for
any reason be held ineffective, the remainder of this Amendment No. 17 shall remain in full force and effect. To the extent permitted by applicable law, each party hereto hereby waives any provision of law which renders any provision of this
Amendment No. 17 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 17 which may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject
to applicable law, be performed in accordance with the spirit and purpose of this Amendment No. 17.

This Amendment No. 17 has been executed in
two (2) original specimens which are in English.



|                                                  |  |             
|------------------------------------------------- |  | ------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 9 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

IN WITNESS WHEREOF this Amendment No. 17 to the Agreement was duly entered into the day and year
first above written.



|                         |  |  |  |                      |  |        |  | 
|------------------------ |  |  |  | -------------------- |  | ------ |  | 
|For and on behalf of     |  |  |  | For and on behalf of
|                         |  | 
|TAM - LINHAS AEREAS S.A. |  |  |  | AIRBUS S.A.S.       
|                         |  |  |  |                     
|Name:                    |  |  |  |                      |  | Name:  |  | 
|                         |  |  |  |                     
|Title:                   |  |  |  |                      |  | Title: |  | 
|                         |  |  |  |                     
|Name:                    |  |  |  |                      |  |        |  | 
|                         |  |  |  |                     
|Title:                   |  |  |  |                      |  |        |  | 



|                                                  |  |              
|------------------------------------------------- |  | -------------
|A320/A330 PA  TAM  Amdt. 17  CT1242567- 8/2013 |  | Page 10 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

AMENDMENT N° 18

TO THE A320/A330

PURCHASE AGREEMENT

BETWEEN

AIRBUS S.A.S.

AND

TAM
 LINHAS AEREAS S. A.

REF: CT1242567



|                                                  |  |            
|------------------------------------------------- |  | -----------
|A320/A330 PA  TAM  Amdt. 18  CT1242567- 7/2014 |  | Page 1 of 6

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

AMENDMENT N° 18

TO THE

A320/A330
PURCHASE AGREEMENT

This Amendment No.18 is made as of the 15th day of July 2014 to the A320/A330
Purchase Agreement signed on November 14, 2006,

Between

AIRBUS S.A.S., having its principal office at:

1, rond-point Maurice Bellonte

31707 BLAGNAC CEDEX

FRANCE

and registered with the Toulouse
Registre du Commerce under number RCS Toulouse 383 474 814 (hereinafter referred to as the Seller) of the one part,

AND

TAM  LINHAS AEREAS S.A., having its principal office at:

Avenida Jurandir, 856, 4°andar, Lote 4,

CEP 04072 - 000, Jardim CECI

SAO PAULO - SP

BRAZIL

(herein after referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party.



|                                                  |  |            
|------------------------------------------------- |  | -----------
|A320/A330 PA  TAM  Amdt. 18  CT1242567- 7/2014 |  | Page 2 of 6

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

WHEREAS



|A- | The Seller and the Buyer have signed on November 14, 2006, an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by the Buyer and the sale by the Seller of certain A320 Family Aircraft
and A330-200 Aircraft which, together with all Exhibits, Appendixes, Letter Agreements, Amendment No. 1, dated as of January 21, 2008, Amendment No. 2, dated as of October 15, 2008, Amendment No. 3 dated January 12,
2009, Amendment No. 4, dated as of July 1, 2009, Amendment No. 5, dated as of December 24, 2009, Amendment No. 6, dated as of March 4, 2010, Amendment No. 7, dated as of July 28, 2010, Amendment No. 8, dated as of April 29,
2011, Amendment No. 9, dated as of June 13, 2011, Amendment No. 10, dated as of October 11, 2011, Amendment No. 11, dated as of October 11, 2011, Amendment No. 12, dated as of January 27, 2012, Amendment No. 13, dated as of
November 30, 2012 Amendment No. 14, dated as of December 14, 2012, Amendment No. 15, dated as of February 18, 2013, Amendment No. 16, dated as of February 27, 2013 and Amendment No. 17, dated as of
August 19, 2013 incorporated therein is hereinafter referred to as the Agreement.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B- | The Buyer and the Seller have agreed to change the terms and conditions of the [***] as specified herein.
|-- | ---------------------------------------------------------------------------------------------------------



|                                                  |  |            
|------------------------------------------------- |  | -----------
|A320/A330 PA  TAM  Amdt. 18  CT1242567- 7/2014 |  | Page 3 of 6

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

NOW THEREFORE IT IS AGREED AS FOLLOWS:



|1. | [***]
|-- | -----



|2. | CONFIDENTIALITY
|-- | ---------------

This Amendment No. 18 is subject to the confidentiality provisions
set forth in Clause 22.10 of the Agreement.



|3. | LAW AND JURISDICTION
|-- | --------------------

This Amendment No. 18 shall be governed by and construed in
accordance with the laws of England. Any dispute arising out of or in connection with this No. 18 shall be within the exclusive jurisdiction of the Courts of England.



|4. | MISCELLANEOUS PROVISIONS
|-- | ------------------------

If not otherwise expressly stated in this Amendment
No. 18, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment No 18.

This Amendment No. 18
supersedes any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to herein.

The Agreement between the Seller and the Buyer shall be deemed amended to the extent herein provided, and, except as specifically amended
hereby, shall continue in full force and effect in accordance with its original terms.

Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned thereto in the Agreement.

In the event of any inconsistency between the Agreement and the
present Amendment No. 18, the latter shall prevail to the extent of said inconsistency.

This Amendment No. 18 may be signed by
the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument.



|5. | SEVERABILITY
|-- | ------------

In the event that any provision of this Amendment No. 18 should for
any reason be held ineffective, the remainder of this Amendment No. 18 shall remain in full force and effect. To the extent permitted by applicable law, each



|                                                  |  |            
|------------------------------------------------- |  | -----------
|A320/A330 PA  TAM  Amdt. 18  CT1242567- 7/2014 |  | Page 4 of 6

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

party hereto hereby waives any provision of law which renders any provision of this Amendment No. 18 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 18
which may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject to applicable law, be performed in accordance with the spirit and purpose of this Amendment No. 18.

This Amendment No. 18 has been executed in two (2) original specimens which are in English.



|                                                  |  |            
|------------------------------------------------- |  | -----------
|A320/A330 PA  TAM  Amdt. 18  CT1242567- 7/2014 |  | Page 5 of 6

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

IN WITNESS WHEREOF this Amendment No. 18 to the Agreement was duly entered into the day and year
first above written.



|                         |  |  |  |                     
|------------------------ |  |  |  | --------------------
|For and on behalf of     |  |  |  | For and on behalf of
|                         |  | 
|TAM - LINHAS AEREAS S.A. |  |  |  | AIRBUS S.A.S.       
|                         |  | 
|Name:                    |  |  |  | Name:               
|                         |  | 
|Title:                   |  |  |  | Title:              
|                         |  | 
|Name:                    |  |  |  |                     
|                         |  | 
|Title:                   |  |  |  |                     



|                                                  |  |            
|------------------------------------------------- |  | -----------
|A320/A330 PA  TAM  Amdt. 18  CT1242567- 7/2014 |  | Page 6 of 6

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

AMENDMENT N° 19

TO THE A320/A330

PURCHASE AGREEMENT

BETWEEN

AIRBUS S.A.S.

AND

LATAM
AIRLINES GROUP S.A.

REF: CT1242567



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 1 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

AMENDMENT N° 19

TO THE

A320/A330
PURCHASE AGREEMENT

This Amendment No. 19 is made as of the 11th day of December 2014 to the
A320/A330 Purchase Agreement signed on November 14, 2006,

Between

AIRBUS S.A.S., having its principal office at:

1, rond-point Maurice Bellonte

31707 BLAGNAC CEDEX

FRANCE

and registered with the Toulouse
Registre du Commerce under number RCS Toulouse 383 474 814 (hereinafter referred to as the Seller) of the one part,

AND

LATAM AIRLINES GROUP S.A., having its principal office at:

Edificio Huidobro

Avenida
Presidente Riesco 5711  20th Floor

Las Condes

SANTIAGO

CHILE

(herein after referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party.



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 2 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

WHEREAS



|A- | The Seller and TAM Linhas Aereas S.A. (the Original Buyer) have signed on November 14, 2006, an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by the Original
Buyer and the sale by the Seller of certain A320 Family Aircraft and A330-200 Aircraft which, together with all Exhibits, Appendixes, Letter Agreements, Amendment No. 1, dated as of January 21, 2008, Amendment No. 2, dated as of
October 15, 2008, Amendment No. 3 dated January 12, 2009, Amendment No. 4, dated as of July 1, 2009, Amendment No. 5, dated as of December 24, 2009, Amendment No. 6, dated as of March 4, 2010, Amendment No. 7, dated as
of July 28, 2010, Amendment No. 8, dated as of April 29, 2011, Amendment No. 9, dated as of June 13, 2011, Amendment No. 10, dated as of October 11, 2011, Amendment No. 11, dated as of October 11, 2011, Amendment No. 12,
dated as of January 27, 2012, Amendment No. 13, dated as of November 30, 2012 Amendment No. 14, dated as of December 14, 2012, Amendment No. 15, dated as of February 18, 2013, Amendment No. 16, dated as of
February 27, 2013, Amendment No. 17, dated as of August 19, 2013 and Amendment No. 18, dated as of July 15, 2014 incorporated therein is hereinafter referred to as the Original Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B- | The Buyer, Seller and Original Buyer entered into a novation agreement dated 30 October 2014 (the Novation) novating the Original Agreement from the Original Buyer to the Buyer (the Original
Agreement as novated pursuant to the Novation is hereinafter referred to as the Agreement).
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C- | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20, 1998 covering the purchase by the Buyer and the sale by the Seller of certain A320 family aircraft, and such purchase
agreement, together with all exhibits and appendices and as amended, supplemented or otherwise modified are together referred to as the Original A320 Family Purchase Agreement.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|D- | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2, 2000, dividing the Original A320 Family Purchase Agreement into two
(2) separate purchase agreements and pursuant to the second such agreement as supplemented with all exhibits, appendices and as amended, supplemented or otherwise modified to and including the date hereof (the Second A320 Family
Purchase Agreement).
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|E- | The Buyer and the Seller have agreed to reschedule [***] certain A321 Aircraft [***] as specified herein.
|-- | ---------------------------------------------------------------------------------------------------------



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 3 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

NOW THEREFORE IT IS AGREED AS FOLLOWS:



|1. | A320 Family Aircraft and A320 NEO Aircraft
|-- | ------------------------------------------



|1.1 | [***]
|--- | -----



|1.2 | Sale and Purchase: Pursuant to and in accordance with the terms and conditions contained in this Amendment N°19 (and incorporating the relevant provisions of the A320/A330 Purchase Agreement), the Seller
shall sell and deliver and the Buyer shall buy and take delivery of [***] A321 NEO Aircraft (hereinafter collectively referred to as the 2014[***]Aircraft).
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|1.3 | All references to 2011 A320 NEO Family Aircraft in the Agreement shall also be deemed to refer to the 2014[***]Aircraft.
|--- | --------------------------------------------------------------------------------------------------------------------------



|1.4 | As a result of [***] set forth in Clause 1.1 above, Clause 1.1 of Amendment No. 7 is hereby amended and restated as follows:
|--- | ----------------------------------------------------------------------------------------------------------------------------

QUOTE



| | 1.1 | Sale and Purchase: Pursuant to and in accordance with the terms and conditions contained in this Amendment N°7 (and incorporating the relevant provisions of the A320/A330 Purchase Agreement), the Seller shall
sell and deliver and the Buyer shall buy and take delivery of [***] A320 Aircraft and [***] A321 Aircraft (hereinafter collectively referred to as the 2010 A320 Family Incremental Aircraft).
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UNQUOTE

As a result of [***]
set forth in Clause 1.1 above, Clause 0.1 of Amendment No. 10 is hereby amended and restated as follows:

QUOTE



| | 0.1 | Sale and Purchase: Pursuant to and in accordance with the terms and conditions contained in this Amendment N°10 (and incorporating the relevant provisions of the A320/A330 Purchase Agreement), the Seller
shall sell and deliver and the Buyer shall buy and take delivery of [***] A321 Aircraft (hereinafter collectively referred to as the 2011 A320 Family Incremental Aircraft).
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UNQUOTE



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 4 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|1.5 | New Delivery Schedule: As a result of the rescheduling [***] set forth in Clause 1.1 above, Clause 9.1.1.1 of the Agreement is hereby amended and restated as follows:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------

QUOTE



|                  |  |               |  |                        |  |                    
|----------------- |  | ------------- |  | ---------------------- |  | -------------------
|Aircraft Rank     |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as
|- Aircraft N° 64  |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 65  |  | A321          |  | Aug-07                 |  |                    
|- Aircraft N° 66  |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 67  |  | A320          |  | Oct-07                 |  |                    
|- Aircraft N° 68  |  | A321          |  | Nov-07                 |  |                    
|- Aircraft N° 69  |  | A319          |  | Nov-08                 |  |                    
|- Aircraft N° 70  |  | A319          |  | Jul-08                 |  |                    
|- Aircraft N° 71  |  | A319          |  | Aug-08                 |  |                    
|- Aircraft N° 72  |  | A321          |  | Feb-09                 |  |                    
|- Aircraft N° 73  |  | A321          |  | Jan-09                 |  |                    
|- Aircraft N° 74  |  | A321          |  | Mar-13                 |  |                    
|- Aircraft N° 75  |  | A320          |  | May-09                 |  |                    
|- Aircraft N° 76  |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 77  |  | A321          |  | Jan-11                 |  |                    
|- Aircraft N° 78  |  | A320          |  | Dec-11                 |  |                    
|- Aircraft N° 79  |  | A321          |  | Apr-11                 |  |                    
|- Aircraft N° 80  |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 81  |  | A319          |  | Jan-10                 |  |                    
|- Aircraft N° 82  |  | A319          |  | Jul-11                 |  |                    
|- Aircraft N° 83  |  | A319          |  | Jun-11                 |  |                    
|- Aircraft N° 84  |  | A321          |  | Jun-10                 |  |                    
|- Aircraft N° 85  |  | A320          |  | Mar-12                 |  |                    
|- Aircraft N° 86  |  | A320          |  | Feb-12                 |  |                    
|- Aircraft N° 87  |  | A320          |  | Jun-13                 |  |                    
|- Aircraft N° 88  |  | A320          |  | Nov-13                 |  |                    
|- Aircraft N° 89  |  | A319          |  | Jun-11                 |  |                    
|- Aircraft N° 90  |  | A320          |  | Jul-12                 |  |                    
|- Aircraft N° 91  |  | A320          |  | Mar-12                 |  |                    
|- Aircraft N° 92  |  | A320          |  | Oct-10                 |  |                    
|- Aircraft N° 93  |  | A320          |  | Jun-12                 |  |                    
|- Aircraft N° 94  |  | A320          |  | Nov-13                 |  |                    
|- Aircraft N° 95  |  | A320          |  | Aug-12                 |  | Aircraft Nos 95-114
|- Aircraft N° 96  |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114
|- Aircraft N° 97  |  | A320          |  | Oct-12                 |  | Aircraft Nos 95-114
|- Aircraft N° 98  |  | A320          |  | Mar-14                 |  | Aircraft Nos 95-114
|- Aircraft N° 99  |  | A320          |  | Nov-13                 |  | Aircraft Nos 95-114
|- Aircraft N° 100 |  | A320          |  | Aug-13                 |  | Aircraft Nos 95-114
|- Aircraft N° 101 |  | A320          |  | May-13                 |  | Aircraft Nos 95-114
|- Aircraft N° 102 |  | A320          |  | Jun-13                 |  | Aircraft Nos 95-114
|- Aircraft N° 103 |  | A320          |  | Apr-13                 |  | Aircraft Nos 95-114



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 5 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                  |  |               |  |                        |  |                                      
|----------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank     |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 104 |  | A320          |  | Jul-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 105 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 106 |  | A320          |  | Sep-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 107 |  | A320          |  | May-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 108 |  | A320          |  | Oct-13                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 109 |  | A320          |  | Jun-14                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 110 |  | A319          |  | Oct-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 111 |  | A320          |  | May-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 112 |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 113 |  | A320          |  | Mar-12                 |  | Aircraft Nos 95-114                  
|- Aircraft N° 114 |  | A321          |  | [***] 2015             |  | Aircraft Nos 95-114                  
|- Aircraft N° 115 |  | A321          |  | Jan-14                 |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 116 |  | A320          |  | Feb-14                 |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 117 |  | A320          |  | Mar-14                 |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 118 |  | A321          |  | May-14                 |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 119 |  | A321          |  | [***] 2015             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 120 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 121 |  | A321          |  | Nov-14                 |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 122 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 123 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 124 |  | A321          |  | Dec-14                 |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 125 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 126 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 127 |  | A321          |  | [***] 15               |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 128 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 129 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 130 |  | A321          |  | [***] 2016             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 131 |  | A321          |  | [***] 2015             |  | 2010 A320 Family
Incremental Aircraft



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 6 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                        |  |               |  |                        |  |                                      
|----------------------- |  | ------------- |  | ---------------------- |  | -------------------------------------
|Aircraft Rank           |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as                  
|- Aircraft N° 133       |  | A321          |  | [***] 2015             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 134       |  | A321          |  | [***] 2015             |  | 2010 A320 Family
Incremental Aircraft
|- Aircraft N° 135       |  | A321          |  | [***] 2016             |  | 2011 A320 Family
Incremental Aircraft
|- Aircraft N° 136       |  | A321          |  | [***] 2016             |  | 2011 A320 Family
Incremental Aircraft
|- Aircraft N° 137       |  | A321          |  | [***] 2016             |  | 2011 A320 Family
Incremental Aircraft
|- Aircraft N° 138       |  | A321          |  | [***] 2016             |  | 2011 A320 Family
Incremental Aircraft
|- Aircraft N° 139       |  | A321          |  | [***] 2016             |  | 2011 A320 Family
Incremental Aircraft
|- Aircraft N° 140       |  | A321          |  | [***] 2016             |  | 2011 A320 Family
Incremental Aircraft
|                        |  |               | 
|- [***] Aircraft N° 132 |  | A321          |  | [***] 2021             |  | 2014 [***] Aircraft                  
|- [***] Aircraft N° 141 |  | A321          |  | [***] 2021             |  | 2014 [***] Aircraft                  
|- [***] Aircraft N° 142 |  | A321          |  | [***] 2021             |  | 2014 [***] Aircraft                  
|- [***] Aircraft N° 143 |  | A321          |  | [***] 2021             |  | 2014 [***] Aircraft                  
|- [***] Aircraft N° 144 |  | A321          |  | [***] 2021             |  | 2014 [***] Aircraft                  
|- [***] Aircraft N° 145 |  | A320          |  | [***] 2016             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 146 |  | A320          |  | [***] 2016             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 147 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 148 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 149 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 150 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 151 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 152 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 153 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 154 |  | A320          |  | [***] 2017             |  | 2011 A320 [***]
Family Aircraft      
|- [***] Aircraft N° 155 |  | A320          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft      



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 7 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|                        |  |               |  |                        |  |                                
|----------------------- |  | ------------- |  | ---------------------- |  | -------------------------------
|Aircraft Rank           |  | Aircraft
Type |  | Delivery
Month/Quarter |  | Aircraft defined as            
|- [***] Aircraft N° 156 |  | A320          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 157 |  | A320          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 158 |  | A320          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 159 |  | A320          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 160 |  | A320          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 161 |  | A321          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 162 |  | A321          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 163 |  | A321          |  | [***] 2018             |  | 2011 A320[***]
Family Aircraft 
|- [***] Aircraft N° 164 |  | A321          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 165 |  | A321          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft
|- [***] Aircraft N° 166 |  | A321          |  | [***] 2018             |  | 2011 A320 [***]
Family Aircraft



|1.6 | Predelivery Payments
|--- | --------------------

As a result of [***] set forth in Clause 1.1 above, the
parties hereby agree the Buyer shall [***] as amended pursuant to amendment No. 17 to the Second A320 Family Purchase Agreement dated even date herewith) [***] the date hereof.



|1.7 | [***]
|--- | -----

Clause 3 of Letter Agreement N°2 to Amendment N°11 to the Agreement is hereby
amended by replacing the number 153 with the numbers 132, 141, 142, 143, 144 and 153 and deleting in its entirety the parenthetical (as specified in Clause 4 of Amendment No. 11 to the A320/A330 Purchase
Agreement).



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 8 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

|2. | CONFIDENTIALITY
|-- | ---------------

This Amendment No. 19 is subject to the confidentiality provisions
set forth in Clause 22.10 of the Agreement.



|3. | LAW AND JURISDICTION
|-- | --------------------

This Amendment No. 19 shall be governed by and construed in
accordance with the laws of England. Any dispute arising out of or in connection with this Amendment No. 19 shall be within the exclusive jurisdiction of the Courts of England.



|4. | MISCELLANEOUS PROVISIONS
|-- | ------------------------

If not otherwise expressly stated in this Amendment
No. 19, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment No 19.

This Amendment No. 19
supersedes any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to herein.

The Agreement between the Seller and the Buyer shall be deemed amended to the extent herein provided, and, except as specifically amended
hereby, shall continue in full force and effect in accordance with its original terms.

Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned thereto in the Agreement.

In the event of any inconsistency between the Agreement and the
present Amendment No. 19, the latter shall prevail to the extent of said inconsistency.

This Amendment No. 19 may be signed by
the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument.



|5. | SEVERABILITY
|-- | ------------

In the event that any provision of this Amendment No. 19 should for
any reason be held ineffective, the remainder of this Amendment No. 19 shall remain in full force and effect. To the extent permitted by applicable law, each party hereto hereby waives any provision of law which renders any provision of this
Amendment No. 19 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 19 which may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject
to applicable law, be performed in accordance with the spirit and purpose of this Amendment No. 19.

This Amendment No. 19 has been executed in
two (2) original specimens which are in English.



|                                                     |  |             
|---------------------------------------------------- |  | ------------
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | Page 9 of 10

[* * *] This information is subject to confidential treatment and has been omitted
and filed separately with the commission.



---

IN WITNESS WHEREOF this Amendment No. 19 to the Agreement was duly entered into the day and year
first above written.



|                          |  |                                        |  |                      |  |        |  | 
|------------------------- |  | -------------------------------------- |  | -------------------- |  | ------ |  | 
|For and on behalf of      |  |                                        |  | For and on behalf of
|                          |  |                                       
|LATAM AIRLINES GROUP S.A. |  |                                        |  | AIRBUS S.A.S.       
|                          |  |                                        |  |                     
|Name:                     |  | LOGO                                   |  |                      |  | Name:  |  | 
|                          |  |                                        |  |                     
|Title:                    |  |                                        |  |                      |  | Title: |  | 
|                          |  |                                        | 
|LATAM AIRLINES GROUP S.A. |  |                                        |  |                      |  |       
|                          |  |                                        |  |                     
|                          |  | LOGO                                   |  |                      |  |        |  | 
|                          |  |                                        |  |                     
|Name:                     |  | ANDRES DEL VALLE E.                    |  |                      |  |        |  | 
|                          |  |                                        |  |                     
|Title:                    |  | Director Senior Finanzas Corporativas  |  |                      |  |        |  | 
|                          |  |                                        |  |                     
|Witness                   |  |                                        |  |                      |  |        |  | 
|                          |  |                                        |  |                     
|Name:                     |  | Agusto Iglesias                        |  |                      |  |        |  | 
|                          |  |                                        |  |                     
|Title:                    |  | Aircraft & Engines Acquisition Analyst |  |                      |  |        |  | 



|                                                     |  |     
|---------------------------------------------------- |  | ----
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | LOGO

[* * *] This information is subject to confidential treatment and has been omitted and filed
separately with the commission.



---

IN WITNESS WHEREOF this Amendment No. 19 to the Agreement was duly entered into the day and year
first above written.



|                          |  |  |  |                      |  |        |  |                                
|------------------------- |  |  |  | -------------------- |  | ------ |  | -------------------------------
|For and on behalf of      |  |  |  | For and on behalf of
|                          |  | 
|LATAM AIRLINES GROUP S.A. |  |  |  | AIRBUS S.A.S.       
|                          |  |  | 
|                          |  |  |  |                      |  | LOGO  
|                          |  |  | 
|                          |  |  |  |                      |  |       
|                          |  |  |  |                     
|Name:                     |  |  |  |                      |  | Name:  |  | Christophe Mourey              
|                          |  |  |  |                     
|Title:                    |  |  |  |                      |  | Title: |  | Senior Vice President Contracts
|                          |  |  | 
|LATAM AIRLINES GROUP S.A. |  |  |  |                      |  |       
|                          |  |  |  |                     
|Name:                     |  |  |  |                      |  |        |  |                                
|                          |  |  |  |                     
|Title:                    |  |  |  |                      |  |        |  |                                
|                          |  |  | 
|Witness                   |  |  |  |                      |  |       
|                          |  |  |  |                     
|Name:                     |  |  |  |                      |  |        |  |                                
|                          |  |  |  |                     
|Title:                    |  |  |  |                      |  |        |  |                                



|                                                     |  | 
|---------------------------------------------------- |  | 
|A320/A330 PA  LATAM  Amdt. 19  CT1242567- 12/2014 |  | 

[* * *] This information is subject to confidential treatment and has been omitted and filed separately with
the commission.