| 1. | Customer has exercised the Option Aircraft delivering in September 2015 and the delivery date has been accelerated to the month of October 2012.  This exercised Option Aircraft will have serial number 41518 and is hereafter designated the “Table 2 Aircraft”. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Revision of Table of Contents and Aircraft Information Table to the Purchase Agreement: |
|----|-----------------------------------------------------------------------------------------|

|   | 2.1. | Table of Contents.  The Table of Contents of the Purchase Agreement is deleted in its entirety and is replaced by a new Table of Contents attached hereto and identified with an SA-2 legend. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 2.2. | Table 2, “Aircraft Delivery, Description, Price and Advance Payments” to Purchase Agreement No. 3194, (Table 2), attached hereto, is added to the Purchase Agreement and provides the aircraft delivery, description, price and advance payments for the Table 2 Aircraft. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Exhibit A, “777-Freighter Aircraft Configuration”.  The initial configuration for the Table 2 Aircraft will be based on Boeing Configuration Specification DO19W007 Rev D dated February 19, 2010.  The final configuration will be a follow-on configuration to that of the September 2012 firm Aircraft. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Revision of Supplemental Exhibits. |
|----|------------------------------------|

|   | 4.1. | Exhibit AE2 “Escalation Adjustment Airframe and Optional Features”, attached hereto, provides the escalation formula for the Table 2 Aircraft. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.2. | Exhibit BFE1, “Buyer Furnished Equipment Variables” is deleted in its entirety and replaced by a new Exhibit BEF1, attached hereto and identified with a SA-2 legend. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Revision to Letter Agreements. |
|----|--------------------------------|

----

----

| THE BOEING COMPANY |                | LAN AIRLINES S.A. |
|--------------------|---------------------|-------------------|
|               |                |              |   |   |
| By:                |                |              | By: |   |
|               | Ms. Irma L. Krueger |              |   | Mr. Roberto Alvo |
|               |                |              |   |   |
| Its                | Attorney-In-Fact    |              | Its: | Sr Vice President Strategic Planning & |
|               |                |              |   | Corporate Development |
|               |                |              |   |   |
|               |                |              | By: |   |
|               |                |              |   | Mr. Alejandro de la Fuente Goic |
|               |                |              |   |   |
|               |                |              | Its: | Chief Financial Officer |

----

| Airframe Model/MTOW:                       | 777-Freighter | 750000 pounds |                                       | Detail Specification:                                                                 | D019W007-Rev D (2/19/2010)                                                          |
|--------------------------------------------|---------------|---------------|--------------------------------------------|---------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
| Engine Model/Thrust:                       | GE90-110B1L   | 110100 pounds |                                       | Airframe Price Base Year/Escalation Formula:                                          | Jul-10           ECI-MFG/CPI |
| Airframe Price:                            | [***]         |          | Engine Price Base Year/Escalation Formula: | N/A              N/A |
| Optional Features:                         | [***]         |          |                                       |                                                                                  |
| Sub-Total of Airframe and Features:        | [***]         |          | Airframe Escalation Data:                  |                                                                                  |
| Engine Price (Per Aircraft):               | [***]         |          | Base Year Index (ECI):                     | 106.8                                                                                 |
| Aircraft Basic Price (Excluding BFE/SPE):  | [***]         |          | Base Year Index (CPI):                     | 215.6                                                                                 |
| Buyer Furnished Equipment (BFE) Estimate:  | [***]         |          |                                       |                                                                                  |
| Seller Purchased Equipment (SPE) Estimate: | [***]         |          |                                       |                                                                                  |
|                                       |          |          |                                       |                                                                                  |
| Transferred Option Deposit                 | [***]         |          |                                       |                                                                                  |

|     |         |      |         | Escalation |         |           |         |          |         |   |         |   |         |   |         |   |         |   |
|----------|--------------|-----------|--------------|------------|--------------|----------------|--------------|---------------|--------------|--------|--------------|--------|--------------|--------|--------------|--------|--------------|--------|
| Delivery |         | Number of |         | Factor     |         |           |         | Manufacturer  |         |   |         | [***]  |
| Date     |         | Aircraft  |         | (Airframe) |         | Aircraft Block |         | Serial Number |         | [***]  |         | [***]  |         | [***]  |         | [***]  |         | [***]  |
| Oct-2012 |         | 1         |         | 1.0455     |         | TBD            |         | 41518         |         | [***]  |         | [***]  |         | [***]  |         | [***]  |         | [***]  |
| Total:   |    | 1         |    |       |    |           |    |          |    |   |    |   |    |   |    |   |    |   |

----

----

| PageNumber |              |   | ARTICLES                                                  |   | SA NUMBER |
|------------|-------------------|--------|-----------------------------------------------------------|--------|----------------|
|       | 1.                |   | Quantity, Model and Description                           |   |           |
|       | 2.                |   | Delivery Schedule                                         |   |           |
|       | 3.                |   | Price                                                     |   |           |
|       | 4.                |   | Payment                                                   |   |           |
|       | 5.                |   | Miscellaneous                                             |   |           |
|       |              |   |                                                      |   |           |
|       |              |   | TABLE                                                     |   |           |
|       | 1                 |   | 777-FREIGHTER Aircraft Information Table                  |   |           |
|       |              |   |                                                      |   |           |
| 5          | 2                 |   | 777-FREIGHTER Aircraft Information Table                  |   | SA-2           |
|       |              |   |                                                      |   |           |
|       |              |   | EXHIBIT                                                   |   |           |
| 2          | A.                |   | 777-FREIGHTER Aircraft Configuration                      |   | SA-2,Art 3.    |
|       |              |   |                                                      |   |           |
|       | B.                |   | Aircraft Delivery Requirements & Responsibilities     |   |           |
|       |              |   |                                                      |   |           |
|       |              |   | SUPPLEMENTAL EXHIBITS                                     |   |           |
|       | AE1               |   | Escalation Adjustment/Airframe & Optional Features    |   |           |
| 9          | AE2               |   | Escalation Adjustment/Airframe & Optional Features    |   | SA-2           |
| 13         | BFE1              |   | Buyer Furnished Equipment Variables                       |   | SA-2           |
|       | CS1               |   | Customer Support Document                                 |   |           |
|       | EE1               |   | Engine Escalation And Engine Warranty                     |   |           |
|       | SLP1              |   | Service Life Policy Components                            |   |           |
|       |              |   |                                                      |   |           |
|       |              |   | LETTER AGREEMENTS                                         |   |           |
|       | 3194-01           |   | 777 Spare Parts Initial Provisioning                      |   |           |
|       | 3194-02           |   | Open Configuration Matters                                |   |           |
|       | 3194-03           |   | Seller Purchased Equipment                                |   |           |
|       |              |   |                                                      |   |           |
|       |              |   | RESTRICTED LETTER AGREEMENTS                              |   |           |
| 16         | 6-1162-ILK-0270R2 |   | Special Matters                                           |   | SA-2           |
|       | 6-1162-ILK-0271   |   | AGTA Terms Revisions                                      |   |           |
| 2          | [***]             |   | [***]                                                     |   | [***]          |
|       | 6-1162-ILK-0273   |   | EULA Special Matters                                      |   |           |
|       | 6-1162-ILK-0274   |   | Performance Guarantees                                    |   |           |
|       | [***]             |   | [***]                                                     |   |           |
|       |              |   |                                                      |   |           |
| PageNumber |              |   | ARTICLES                                                  |   | SANUMBER       |
|       |              |   |                                                      |   |           |
|       |              |   | RESTRICTED LETTER AGREEMENTS, continued                   |   |           |
| [***]      | [***]             |   | [***]                                                     |   | [***]          |
|       | 6-1162-ILK-0276   |   | Special Matters Relating to Advance Payments Requirements |   |           |
| 22         | 6-1162-KSW-6454R1 |   | Option Aircraft                                           |   | SA-2           |
| 23         | LA-1002327        |   | Aircraft Performance Guarantees for Table 2 Aircraft      |   | SA-2           |

----

----

| 1. | Supplier Selection.   Customer will: |
|----|-----------------------------------------------------|

| Avionics | September 1, 2011 |
|----------|-------------------|

| 2. | On-dock Dates |
|----|---------------|

| 3. | Additional Delivery Requirements |
|----|----------------------------------|

----

| Item     |   | Preliminary On-Dock Dates |
|----------|--------|---------------------------|
| as noted |   |                      |
|     |   |                      |   |   |
|     |   | Sep-2012                  |   | Oct-2012 |
|     |   | Aircraft                  |   | Aircraft |
|     |   |                      |   |   |
| Avionics |   | Apr 2012                  |   | May 2012 |

----

| Subject: | Special Matters |
|----------|-----------------|

| Reference: | Purchase Agreement No. 3194 (the Purchase Agreement) between The Boeing Company (Boeing) and LAN Airlines S.A. (Customer) relating to Boeing Model 777-FREIGHTER aircraft |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| 2. | STE Credit Memoranda for the Table 1 and Table 2 Aircraft. |
|----|------------------------------------------------------------|

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

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

----

| 3. | Not Used. |
|----|-----------|

| 4. | Fuel Provided by Boeing. |
|----|--------------------------|

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

| 5. | Correction Time Objectives |
|----|----------------------------|

| 6. | [***] |
|----|-------|

| 7. | [***] |
|----|-------|

| 8. | Assignment. |
|----|-------------|

| 9. | Confidential Treatment. |
|----|-------------------------|

----

| By     |                |   |
|--------|---------------------|--------|
|   | Ms. Irma L. Krueger |   |
|   |                |   |
| Its:   | Attorney-In-Fact    |   |

----

| By:    |                                        |   |
|--------|---------------------------------------------|--------|
|   | Mr. Roberto Alvo                            |   |
|   |                                        |   |
| Its:   | Sr. Vice President Strategic Planning & |   |
|   |                                        |   |
|   | Corporate Finance Director                  |   |
|   |                                        |   |
| By:    |                                        |   |
|   | Mr. Mr. Alejandro de la Fuente Goic         |   |
|   |                                        |   |
| Its:   | Chief Financial Officer                     |   |

----

| Airframe Model/MTOW:                            | 777-Freighter | 750000 pounds |                                       | Detail Specification:                        | D019W007-NEW (7/24/2006) |
|-------------------------------------------------|---------------|---------------|--------------------------------------------|----------------------------------------------|--------------------------|
| Engine Model/Thrust:                            | GE90-110B1L   | 110100 pounds |                                       | Airframe Price Base Year/Escalation Formula: | Jul-06                   | ECI-MFG/CPI |
| Airframe Price:                                 | [***]         |          | Engine Price Base Year/Escalation Formula: | N/A                                          | N/A                      |
| Optional Features:                              | [***]         |          |                                       |                                         |                     |
| Sub-Total of Airframe and Features:             | [***]         |          | Airframe Escalation Data:                  |                                         |                     |
| Engine Price (Per Aircraft):                    | [***]         |          | Base Year Index (ECI):                     | 180.3                                        |                     |
| Aircraft Basic Price (Excluding BFE/SPE):       | [***]         |          | Base Year Index (CPI):                     | 195.4                                        |                     |
| Buyer Furnished Equipment (BFE) Estimate:       | [***]         |          |                                       |                                         |                     |
| Seller Purchased Equipment (SPE) Estimate:      | [***]         |          |                                       |                                         |                     |
|                                            |          |          |                                       |                                         |                     |
| Non-Refundable Deposit/Aircraft at Def Agreemt: | [***]         |          |                                       |                                         |                     |

|    |         |      |         | Escalation |         |           |   |   |         |   |         |   |         |   |         |   |         |   |
|--------------|--------------|-----------|--------------|------------|--------------|----------------|--------|--------|--------------|--------|--------------|--------|--------------|--------|--------------|--------|--------------|--------|
| Delivery     |         | Number of |         | Factor     |         |           |   |   |         |   |         | [***]  |
| Date         |         | Aircraft  |         | (Airframe) |         |           |   |   |         | [***]  |         | [***]  |         | [***]  |         | [***]  |         | [***]  |
| Sep-2014     |         | 1         |         | 1.1828     |         |           |   |   |         | [***]  |         | [***]  |         | [***]  |         | [***]  |         | [***]  |
| Sep-2015     |    | 1         |    | 1.2136     |    | Exercised SA-2 |   |   |    | [***]  |    | [***]  |    | [***]  |    | [***]  |    | [***]  |
| Total        |         | 2         |         |       |         |           |   |   |         |   |         |   |         |   |         |   |         |   |

| P.A. No. 3194     |               | SA-2   |
|-------------------|--------------------|--------|
| LAN- 54163-10.TXT | Boeing Proprietary | Page 1 |

----

| Subject: | Aircraft Performance Guarantees for Table 2 Aircraft |
|----------|------------------------------------------------------|

| Reference: | Purchase Agreement No. 3194 (Purchase Agreement) between The Boeing Company (Boeing) and LAN Airlines S.A. (Customer) relating to Model 777-F aircraft (Aircraft) |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| THE BOEING COMPANY |                |
|--------------------|---------------------|
|               |                |   |
| By:                |                |   |
|               | Ms. Irma L. Krueger |   |
| Its:               | Attorney-In-Fact    |   |

----

| By:    |                                        |   |
|--------|---------------------------------------------|--------|
|   | Mr. Roberto Alvo                            |   |
|   |                                        |   |
| Its:   | Sr. Vice President Strategic Planning & |   |
|   | Corporate Finance Director                  |   |
|   |                                        |   |
| By:    |                                        |   |
|   | Mr. Mr. Alejandro de la Fuente Goic         |   |
|   |                                        |   |
| Its:   | Chief Financial Officer                     |   |

----

| SECTION |   | CONTENTS                     |
|---------|--------|------------------------------|
|    |   |                         |
| 1       |   | AIRCRAFT MODEL APPLICABILITY |
|    |   |                         |
| 2       |   | FLIGHT PERFORMANCE           |
|    |   |                         |
| 3       |   | MANUFACTURER'S EMPTY WEIGHT  |
|    |   |                         |
| 4       |   | AIRCRAFT CONFIGURATION       |
|    |   |                         |
| 5       |   | GUARANTEE CONDITIONS         |
|    |   |                         |
| 6       |   | GUARANTEE COMPLIANCE         |
|    |   |                         |
| 7       |   | EXCLUSIVE GUARANTEES         |

----

| 1 | AIRCRAFT MODEL APPLICABILITY |
|---|------------------------------|

| 2 | FLIGHT PERFORMANCE |
|---|--------------------|

| 2.1 | [***] |
|-----|-------|

| 2.2 | [***] |
|-----|-------|

| 2.3 | [***] |
|-----|-------|

| 3 | MANUFACTURER'S EMPTY WEIGHT |
|---|-----------------------------|

| 4 | AIRCRAFT CONFIGURATION |
|---|------------------------|

| 4.1 | The guarantees contained in this Attachment are based on the Aircraft configuration as defined in the original release of Detail Specification TBD (hereinafter referred to as the Detail Specification).  Appropriate adjustment shall be made for changes in such Detail Specification approved by the Customer and Boeing or otherwise allowed by the Purchase Agreement which cause changes to the flight performance and/or weight and balance of the Aircraft.  Such adjustment shall be accounted for by Boeing in its evidence of compliance with the guarantees. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | The Manufacturer's Empty Weight guarantee of Section 3 will be adjusted by Boeing for the following in its evidence of compliance with the guarantees: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | GUARANTEE CONDITIONS |
|---|----------------------|

| 5.1 | All guaranteed performance data are based on the International Standard Atmosphere (ISA) and specified variations therefrom; altitudes are pressure altitudes. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | The Federal Aviation Administration (FAA) regulations referred to in this Attachment are, unless otherwise specified, the 777F Certification Basis regulations specified in the Type Certificate Data Sheet T00001SE, dated July 28, 2009. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | In the event a change is made to any law, governmental regulation or requirement, or in the interpretation of any such law, governmental regulation or requirement that affects the certification basis for the Aircraft as described in Paragraph 5.2, and as a result thereof, a change is made to the configuration and/or the performance of the Aircraft in order to obtain certification, the guarantees set forth in this Attachment shall be appropriately modified to reflect any such change. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4 | The takeoff and landing guarantees are based on hard surface, level and dry runways with no wind or obstacles, no clearway or stopway, 235 mph tires, with anti-skid operative, and with the Aircraft center of gravity at the most forward limit unless otherwise specified.  The takeoff performance is based on no engine bleed for air conditioning or thermal anti-icing and the Auxiliary Power Unit (APU) turned off unless otherwise specified.  Unbalanced field length calculations and the improved climb performance procedure will be used for takeoff as required.  The landing performance is based on the use of automatic spoilers. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5.5 | The cruise range guarantee includes allowances for normal power extraction and engine bleed for normal operation of the air conditioning system.  Normal electrical power extraction shall be defined as not less than a 212 kilowatts total electrical load.  Normal operation of the air conditioning system shall be defined as pack switches in the "Auto" position, the temperature control switches in the "Auto" position that results in a nominal cabin temperature of 75°F, and all air conditioning systems operating normally.  This operation allows a maximum cabin pressure differential of 8.6 pounds per square inch at higher altitudes, with a nominal Aircraft cabin ventilation rate of 9,100 cubic feet per minute including passenger cabin recirculation (nominal recirculation is 50 percent).  The APU is turned off unless otherwise specified. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.6 | The cruise range guarantee is based on an Aircraft center of gravity location, as determined by Boeing, not to be aft of 30 percent of the mean aerodynamic chord. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.7 | Performance, where applicable, is based on a fuel Lower Heating Value (LHV) of 18,580 BTU per pound. |
|-----|------------------------------------------------------------------------------------------------------|

| 6 | GUARANTEE COMPLIANCE |
|---|----------------------|

| 6.1 | Compliance with the guarantees of Sections 2 and 3 shall be based on the conditions specified in those sections, the Aircraft configuration of Section 4 and the guarantee conditions of Section 5. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Compliance with the takeoff and landing guarantees shall be based on the FAA approved Airplane Flight Manual for the Model 777F. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | Compliance with the cruise range guarantee shall be established by calculations based on flight test data obtained from an aircraft in a configuration similar to that defined by the Detail Specification. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | Compliance with the Manufacturer's Empty Weight guarantee shall be based on information in the "Weight and Balance Control and Loading Manual - Aircraft Report." |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | The data derived from tests shall be adjusted as required by conventional methods of correction, interpolation or extrapolation in accordance with established engineering practices to show compliance with these guarantees. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.6 | Compliance shall be based on the performance of the airframe and engines in combination, and shall not be contingent on the engine meeting its manufacturer's performance specification. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | [***] |
|---|-------|

----

| Airframe Model/MTOW:                       | 777-Freighter | 750000 pounds |                                       | Detail Specification:                                         | D019W007-Rev D (2/19/2010)                                  |
|--------------------------------------------|---------------|---------------|--------------------------------------------|---------------------------------------------------------------|-------------------------------------------------------------|
| Engine Model/Thrust:                       | GE90-110B1L   | 110100 pounds |                                       | Airframe Price Base Year/Escalation Formula:                  | Jul-10       ECI-MFG/CPI |
| Airframe Price:                            | [***]         |          | Engine Price Base Year/Escalation Formula: | N/A          N/A |
| Optional Features:                         | [***]         |          |                                       |                                                          |
| Sub-Total of Airframe and Features:        | [***]         |          | Airframe Escalation Data:                  |                                                          |
| Engine Price (Per Aircraft):               | [***]         |          | Base Year Index (ECI):                     | 106.8                                                         |
| Aircraft Basic Price (Excluding BFE/SPE):  | [***]         |          | Base Year Index (CPI):                     | 215.6                                                         |
| Buyer Furnished Equipment (BFE) Estimate:  | [***]         |          |                                       |                                                          |
| Seller Purchased Equipment (SPE) Estimate: | [***]         |          |                                       |                                                          |
|                                       |          |          |                                       |                                                          |
| Transferred Option Deposit                 | [***]         |          |                                       |                                                          |

|    |         |      |         | Escalation |         |           |         |          |         |   |         |   |         |   |         |   |         |   |
|--------------|--------------|-----------|--------------|------------|--------------|----------------|--------------|---------------|--------------|--------|--------------|--------|--------------|--------|--------------|--------|--------------|--------|
| Delivery     |         | Number of |         | Factor     |         |           |         | Manufacturer  |         |   |         | [***]  |
| Date         |         | Aircraft  |         | (Airframe) |         | Aircraft Block |         | Serial Number |         | [***]  |         | [***]  |         | [***]  |         | [***]  |         | [***]  |
| Oct-2012     |         | 1         |         | 1.0455     |         | TBD            |         | 41518         |         | [***]  |         | [***]  |         | [***]  |         | [***]  |         | [***]  |
| Total:       |    | 1         |    |       |    |           |    |          |    |   |    |   |    |   |    |   |    |   |

| P.A. 3194 SA-2    |               | 10/2010 |
|-------------------|--------------------|---------|
| LAN- 55257-1F.TXT | Boeing Proprietary | Page 1  |

----