Exhibit 4.33.2


  


EXECUTION


 


AMENDMENT N°20


 


TO THE A320/A330


 


PURCHASE AGREEMENT


 


BETWEEN


 


AIRBUS S.A.S.



 


AND


 


LATAM AIRLINES GROUP S.A.


 


REF: CT1242567


 


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


   




    	Page 1 of 9 



     


    

  


EXECUTION


 


AMENDMENT N°20


 


TO THE


 


A320/A330 PURCHASE AGREEMENT


 


This Amendment No. 20 is made as of the 3rd
day of June 2015 to the A320/A330 Purchase Agreement signed on November 14, 2006 (as subsequently amended, supplemented, novated
or otherwise modified),


 


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”),


 


AND


 


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


 


Edificio Huidobro


Avenida Presidente Riesco 5711 – 20th
Floor


Las Condes


SANTIAGO


CHILE


 


(hereinafter referred to as “Buyer”).


 


The Seller and the Buyer being collectively
referred to as the “Parties” and individually as a “Party”.


 


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


 




    	Page 2 of 9 



     


    

  


EXECUTION


 


WHEREAS


 


		A-	The Seller and TAM Linhas Aereas S.A. (“TAM”) have signed on November 14, 2006,
an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by TAM 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, Amendment No. 18, dated as
of July 15, 2014 and Amendment No. 19, dated as of December 11, 2014 incorporated therein is hereinafter referred to as the “Original
Agreement”.



 


		B-	TAM, the Seller and the Buyer entered into a novation agreement dated 30 October 2014 (the “Novation”)
novating the Original Agreement from TAM to the Buyer (the Original Agreement as novated pursuant to the Novation is hereinafter
referred to as the “Purchase Agreement”).



 


		C-	The Seller and the Buyer have agreed to reschedule one (1) A321 Aircraft as specified herein.



 


NOW THEREFORE IT IS AGREED AS
FOLLOWS:


 


1. A320 FAMILY RESCHEDULING


 


		1.1	The Parties have agreed to reschedule the delivery of one (1) A321 Aircraft identified by rank
number 136 as follows:



 


	Aircraft 

Rank	 	Original 

Scheduled 

Delivery Month	 	Revised 

Scheduled 

Delivery Month	 	Aircraft 

Type	 	Aircraft Batch
	136	 	[***]	 	[***]	 	A321	 	[***]


 


		1.2	As a result of the rescheduling set forth in 1.1 above, Clause 9.1.1.1 of the Purchase Agreement
is hereby replaced with the following:



 


QUOTE


 





  


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


 




    	Page 3 of 9 



     


    

  


EXECUTION


 


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	 	 
	- 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	 	July 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


 


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


 




    	Page 4 of 9 



     


    

  


EXECUTION


 


	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	 	4th Quarter 2015	 	Aircraft Nos 95-114
	- Aircraft N° 113	 	A320	 	Mar-12	 	Aircraft Nos 95-114
	- Aircraft N° 114	 	A321	 	4th Quarter 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 	 	July 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 120	 	A321	 	February 2016	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 121	 	A321	 	Nov-14	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 122	 	A321	 	[***]	 	[***]
	- Aircraft N° 123	 	A321	 	May 2016	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 124	 	A321	 	Dec-14	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 125	 	A321	 	[***]	 	[***]
	- Aircraft N° 126	 	A321	 	[***]	 	[***]
	- Aircraft N° 127	 	A321 	 	Feb-15	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 128	 	A321 	 	[***]	 	[***]
	- Aircraft N° 129	 	A321	 	[***]	 	[***]
	- Aircraft N° 130	 	A321	 	[***]	 	[***]
	- Aircraft N° 131	 	A321 	 	May 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 133	 	A321	 	August 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 134	 	A321	 	August 2015	 	2010 A320 Family Incremental Aircraft


 


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


 




    	Page 5 of 9 



     


    

  


EXECUTION


 


	Aircraft Rank	 	Aircraft 

Type	 	Delivery 

Month/Quarter	 	Aircraft defined as
	- Aircraft N° 135	 	A321	 	March 2016	 	2011 A320 Family Incremental Aircraft
	- Aircraft N° 136	 	A321	 	[***]	 	[***]
	- Aircraft N° 137	 	A321	 	[***]	 	[***]
	- Aircraft N° 138	 	A321	 	[***]	 	[***]
	- Aircraft N° 139	 	A321	 	[***]	 	[***]
	- Aircraft N° 140	 	A321	 	[***]	 	[***]
	 	 	 	 	 	 	 
	- [***] Aircraft N° 132	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 141	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 142	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 143	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 144	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 145	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 146	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 147	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 148	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 149	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 150	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 151	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 152	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 153	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 154	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 155	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 156	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 157	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 158	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 159	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 160	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 161	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 162	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 163	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 164	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 165	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 166	 	A321	 	[***]	 	[***]


 


UNQUOTE


 


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


 




    	Page 6 of 9 



     


    

  


EXECUTION


 


		2.	CONFIDENTIALITY



 


This Amendment No. 20 is subject
to the confidentiality provisions set forth in Clause 22.10 of the Purchase Agreement.


 


		3.	LAW AND JURISDICTION



 


This Amendment No. 20 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. 20
shall be within the exclusive jurisdiction of the Courts of England.


 


		4.	MISCELLANEOUS PROVISIONS



 


If not otherwise
expressly stated in this Amendment No. 20, the Purchase Agreement, its Exhibits and Letter Agreements shall apply also to this
Amendment No 20.


 


This Amendment
No. 20 supersedes any previous understandings, commitments or representations whatsoever oral or written with respect to the matters
referred to herein.


 


The Purchase
Agreement 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 their original terms.


 


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


 


In the event
of any inconsistency between the Purchase Agreement and the present Amendment No. 20, the latter shall prevail to the extent of
said inconsistency.


 


This Amendment No. 20 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. 20 should for any reason be held ineffective, the remainder of this Amendment No. 20 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. 20 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 20 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. 20.


  


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


 




    	Page 7 of 9 



     


    

  


EXECUTION


 


This Amendment No. 20 has been executed in
two (2) original specimens which are in English.


  


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


 




    	Page 8 of 9 



     


    

  


IN WITNESS WHEREOF this Amendment No.
20 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	:	 	Name	:
	 	 	 	 	 
	Title	:	 	Title	:


 


LATAM AIRLINES GROUP S.A.


 


	Name	:	 
	 	 	 
	Title	:	 


 


Witness


 


	Name	:	 
	 	 	 
	Title	:	 


  




     


         


    

  


AMENDMENT
N°21


 


TO THE A320/A330


 


PURCHASE AGREEMENT


 


BETWEEN


 


AIRBUS S.A.S.


 


AND


 


LATAM AIRLINES GROUP S.A.


 


REF: CT1242567


 


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


 




    Page 1 of 9



     


    

 


AMENDMENT N°21


 


TO THE


 


A320/A330 PURCHASE AGREEMENT


 


This Amendment No.21 is made as of the
21st day of December 2015 to the A320/A330 Purchase Agreement signed on November 14, 2006 (as subsequently amended,
supplemented, novated or otherwise modified),


 


Between


 


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


 


	 	1, rond-point Maurice Bellonte
	 	U31707 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".


 


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


 




    Page 2 of 9



     


    

  


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 5, 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, 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.



 


		C-	Pursuant to an Amendment No. 19, dated as of December 11, 2014 and Amendment No. 20, dated as of
June 3, 2015 the Seller and the Buyer amended the Original Agreement (the “Amendments”), (the Original Agreement
as novated pursuant to the Novation and amended pursuant to the Amendments is hereinafter referred to as the “Agreement”).



 


		D-	The Buyer and the Seller have agreed i) for the Seller to use one A320 NEO Aircraft scheduled to
be delivered to the Buyer under the Agreement for a series of flight tests [***], and ii) to reschedule the Delivery
of one A320 NEO Aircraft.



 


NOW THEREFORE IT IS AGREED
AS FOLLOWS:


 


		1.	A320 NEO FLIGHT TEST AIRCRAFT



 


		1.1	Notwithstanding anything in the Agreement to the contrary, including without limitation, the provisions
of Clause 8.4 thereof, the Parties hereby acknowledge and agree to the Seller’s use of the Aircraft bearing rank No. [***]
in the Agreement with a Scheduled Delivery [***] in [***] (the “Flight Test Aircraft”) for a series of flight
tests as described in Clause 1.2 below (the “Flight Tests”) [***]



 


		1.2	[***].



 


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


 




    Page 3 of 9



     


    

 


[***].


 


[***].


 


		1.3	[***].



 


		1.4	[***].



 


		1.5	[***].



 


[***].


 


[***].


 


[***].


 


[***].


 


[***].


 


		1.6	[***]:



 


		(i)	[***]



		(ii)	[***].



 


[***].


 


		1.7	[***].



 


		1.8	[***].



 


			[***].



 


		2.	A320 FAMILY RESCHEDULING



 


		2.1	The Parties agree to reschedule the delivery of two (2) A320neo Aircraft identified by rank numbers
145 and 146 as follows:



 


	Aircraft

Rank	 	Original

Scheduled

Delivery Month	 	Revised

Scheduled

Delivery Month	 	Aircraft

Type	 	Aircraft Batch
	145	 	[***]	 	[***]	 	A320	 	[***]
	146	 	[***]	 	[***]	 	A320	 	[***]


 


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


 




    Page 4 of 9



     


    

 


		2.2	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	 	 
	- 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	 	July 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


 


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


 




    Page 5 of 9



     


    

 


 


	Aircraft Rank	 	Aircraft Type	 	Delivery Month/Quarter	 	Aircraft defined as
	- 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	 	October 2015	 	Aircraft Nos 95-114
	- Aircraft N° 113	 	A320	 	Mar-12	 	Aircraft Nos 95-114
	- Aircraft N° 114	 	A321	 	December 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 	 	July 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 120	 	A321	 	February 2016	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 121	 	A321	 	Nov-14	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 122	 	A321	 	[***]	 	[***]
	- Aircraft N° 123	 	A321	 	[***]	 	[***]
	- Aircraft N° 124	 	A321	 	Dec-14	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 125	 	A321	 	[***]	 	[***]
	- Aircraft N° 126	 	A321	 	[***]	 	[***]
	- Aircraft N° 127	 	A321 	 	Feb-15	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 128	 	A321 	 	[***]	 	[***]
	- Aircraft N° 129	 	A321	 	[***]	 	[***]
	- Aircraft N° 130	 	A321	 	[***]	 	[***]
	- Aircraft N° 131	 	A321 	 	May 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 133	 	A321	 	August 2015	 	2010 A320 Family Incremental Aircraft


 


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


 




    Page 6 of 9



     


    

 


	Aircraft Rank	 	Aircraft Type	 	Delivery Month/Quarter	 	Aircraft defined as
	- Aircraft N° 134	 	A321	 	August 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 135	 	A321	 	March 2016	 	2011 A320 Family Incremental Aircraft
	- Aircraft N° 136	 	A321	 	[***]	 	[***]
	- Aircraft N° 137	 	A321	 	[***]	 	[***]
	- Aircraft N° 138	 	A321	 	[***]	 	[***]
	- Aircraft N° 139	 	A321	 	[***]	 	[***]
	- Aircraft N° 140	 	A321	 	[***]	 	[***]
	 	 	 	 	 	 	 
	- [***] Aircraft N° 132	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 141	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 142	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 143	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 144	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 145	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 146	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 147	 	A320	 	[***]	 	[***]
	- [***]Aircraft N° 148	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 149	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 150	 	A320	 	[***]	 	[***]
	- [***]Aircraft N° 151	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 152	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 153	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 154	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 155	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 156	 	A320	 	[***]	 	[***]
	- [***]Aircraft N° 157	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 158	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 159	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 160	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 161	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 162	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 163	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 164	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 165	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 166	 	A321	 	[***]	 	[***]


 


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


 




    Page 7 of 9



     


    

 


UNQUOTE


 


		3.	EXHIBIT A Part 1 – Seller Price Revision Formula



 


In Clause 3 of Part 1 of Exhibit
A to Amendment No. 11 to the Agreement the reference to “Table 6” is hereby replaced with “Table 9”.


 


		4.	CONFIDENTIALITY



 


			This Amendment No. 21 is subject to the confidentiality provisions set forth in Clause 22.10 of the Agreement.



 


		5.	LAW AND JURISDICTION



 


This Amendment No. 21 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. 21 shall be within the exclusive jurisdiction of the Courts of England.


 


		6.	MISCELLANEOUS PROVISIONS



 


If not otherwise
expressly stated in this Amendment No. 21, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment
No 21.


 


This Amendment
No. 21 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. 21, the latter shall prevail to the extent of said inconsistency.


 


This Amendment No. 21 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. 21 should for any reason be held ineffective, the remainder of this Amendment No. 21 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. 21 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 21 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. 21.


 


This Amendment No. 21 has been executed in two (2) original
specimens which are in English.


 


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


 




    Page 8 of 9



     


    

 


IN WITNESS WHEREOF this Amendment No. 21 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     :	Name     :
	 	 
	Title       :	Title       :
	 	 
	LATAM AIRLINES GROUP S.A.	 
	 	 
	Name     :	 
	 	 
	Title       :	 
	 	 
	Witness	 
	 	 
	Name     :	 
	 	 
	Title       :	 


 


 







    



     


    

 


 





 


AMENDMENT N°21


 


TO THE A320/A330


 


PURCHASE AGREEMENT


 


BETWEEN


 


AIRBUS S.A.S.


 


AND


 


LATAM AIRLINES GROUP S.A.


 


REF: CT1242567


 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 1 of 9


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


 




    	 	 	 



     


    

 


AMENDMENT N°21


 


TO THE


 


A320/A330 PURCHASE AGREEMENT


 


This Amendment No.21 is made as of the
21st day of December 2015 to the A320/A330 Purchase Agreement signed on November 14, 2006 (as subsequently amended,
supplemented, novated or otherwise modified),


 


Between


 


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


 


1, rond-point Maurice Bellonte


U31707 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. 21 – CT1242567- 12/2015	Page 2 of 9


“[***]” 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 5, 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, 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.



 


		C-	Pursuant to an Amendment No. 19, dated as of December 11, 2014 and Amendment No. 20, dated as of
June 3, 2015 the Seller and the Buyer amended the Original Agreement (the “Amendments”), (the Original Agreement
as novated pursuant to the Novation and amended pursuant to the Amendments is hereinafter referred to as the “Agreement”).



 


		D-	The Buyer and the Seller have agreed i) for the Seller to use one A320 NEO Aircraft scheduled to
be delivered to the Buyer under the Agreement for a series of flight tests [***], and ii) to reschedule the Delivery
of one A320 NEO Aircraft.



 


NOW THEREFORE IT IS AGREED
AS FOLLOWS:


 


		1.	A320 NEO FLIGHT TEST AIRCRAFT



 


		1.1	Notwithstanding anything in the Agreement to the contrary, including without limitation, the provisions
of Clause 8.4 thereof, the Parties hereby acknowledge and agree to the Seller’s use of the Aircraft bearing rank No. [***]
in the Agreement with a Scheduled Delivery [***] in [***] (the “Flight Test Aircraft”) for a series of flight
tests as described in Clause 1.2 below (the “Flight Tests”) [***]



 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 3 of 9


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


 




    	 	 	 



     


    

 


		1.2	[***].



 


[***].


 


[***].


 


		1.3	[***].



 


		1.4	[***].



 


		1.5	[***].



 


[***].


 


[***].


 


[***].


 


[***].


 


[***].


 


		1.6	[***]:



 


		(i)	[***]



		(ii)	[***].



 


[***].


 


		1.7	[***].



 


		1.8	[***].



 


[***].


 


		2.	A320 FAMILY RESCHEDULING



 


		2.1	The Parties agree to reschedule the delivery of two (2) A320neo Aircraft identified by rank numbers
145 and 146 as follows:



 


	Aircraft

Rank	 	Original

Scheduled

Delivery Month	 	Revised

Scheduled

Delivery Month	 	Aircraft

Type	 	Aircraft Batch
	145	 	[***]	 	[***]	 	A320	 	[***]
	146	 	[***]	 	[***]	 	A320	 	[***]


 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 4 of 9


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


 




    	 	 	 



     


    

 


		2.2	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	 	 
	- 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	 	July 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


 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 5 of 9


“[***]” 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° 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	 	October 2015	 	Aircraft Nos 95-114
	- Aircraft N° 113	 	A320	 	Mar-12	 	Aircraft Nos 95-114
	- Aircraft N° 114	 	A321	 	December 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 	 	July 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 120	 	A321	 	February 2016	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 121	 	A321	 	Nov-14	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 122	 	A321	 	[***]	 	[***]
	- Aircraft N° 123	 	A321	 	[***]	 	[***]
	- Aircraft N° 124	 	A321	 	Dec-14	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 125	 	A321	 	[***]	 	[***]
	- Aircraft N° 126	 	A321	 	[***]	 	[***]
	- Aircraft N° 127	 	A321 	 	Feb-15	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 128	 	A321 	 	[***]	 	[***]
	- Aircraft N° 129	 	A321	 	[***]	 	[***]
	- Aircraft N° 130	 	A321	 	[***]	 	[***]
	- Aircraft N° 131	 	A321 	 	May 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 133	 	A321	 	August 2015	 	2010 A320 Family Incremental Aircraft


 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 6 of 9


“[***]” 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° 134	 	A321	 	August 2015	 	2010 A320 Family Incremental Aircraft
	- Aircraft N° 135	 	A321	 	March 2016	 	2011 A320 Family Incremental Aircraft
	- Aircraft N° 136	 	A321	 	[***]	 	[***]
	- Aircraft N° 137	 	A321	 	[***]	 	[***]
	- Aircraft N° 138	 	A321	 	[***]	 	[***]
	- Aircraft N° 139	 	A321	 	[***]	 	[***]
	- Aircraft N° 140	 	A321	 	[***]	 	[***]
	 	 	 	 	 	 	 
	- [***] Aircraft N° 132	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 141	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 142	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 143	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 144	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 145	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 146	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 147	 	A320	 	[***]	 	[***]
	- [***]Aircraft N° 148	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 149	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 150	 	A320	 	[***]	 	[***]
	- [***]Aircraft N° 151	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 152	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 153	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 154	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 155	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 156	 	A320	 	[***]	 	[***]
	- [***]Aircraft N° 157	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 158	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 159	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 160	 	A320	 	[***]	 	[***]
	- [***] Aircraft N° 161	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 162	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 163	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 164	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 165	 	A321	 	[***]	 	[***]
	- [***] Aircraft N° 166	 	A321	 	[***]	 	[***]


 


UNQUOTE


 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 7 of 9


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


 




    	 	 	 



     


    

 


		3.	EXHIBIT A Part 1 – Seller Price Revision Formula



 


In Clause 3 of Part 1 of Exhibit
A to Amendment No. 11 to the Agreement the reference to “Table 6” is hereby replaced with “Table 9”.


 


		4.	CONFIDENTIALITY



 


			This Amendment No. 21 is subject to the confidentiality provisions set forth in Clause 22.10 of the Agreement.



 


		5.	LAW AND JURISDICTION



 


This Amendment No. 21 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. 21 shall be within the exclusive jurisdiction of the Courts of England.


 


		6.	MISCELLANEOUS PROVISIONS



 


If not otherwise
expressly stated in this Amendment No. 21, the Agreement, its Exhibits and Letter Agreements shall apply also to this Amendment
No 21.


 


This Amendment
No. 21 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. 21, the latter shall prevail to the extent of said inconsistency.


 


This Amendment No. 21 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. 21 should for any reason be held ineffective, the remainder of this Amendment No. 21 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. 21 prohibited or unenforceable in any respect. Any provisions of this Amendment No. 21 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. 21.


 


This Amendment No. 21 has been executed in two (2) original
specimens which are in English.


 


	A320/A330 PA – LATAM – Amdt. 21 – CT1242567- 12/2015	Page 8 of 9


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


 




    	 	 	 



     


    

 


IN WITNESS WHEREOF this Amendment No. 21 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	:	 	 	Name	:	 
	 	 	 	 	 	 	 
	Title	:	                        	 	Title	:	             
	 	 	 
	LATAM AIRLINES GROUP S.A.	 	 
	 	 	 	 	 
	Name	:	 	 	 
	 	 	 	 	 
	Title	:	 	 	 
	 	 	 
	Witness	 	 
	 	 	 	 	 
	Name	:	 	 	 
	 	 	 	 	 
	Title	:	 	 	 


 


A320/A330 PA – LATAM – Amdt. 21 – CT1242567-
12/2015