Exhibit 4.10


 


INDENTURE SUPPLEMENT (6698) NO. 1


 


INDENTURE SUPPLEMENT (6698) NO. 1, dated July
29, 2015 (“Indenture Supplement”), between PARINA LEASING LIMITED (the “Owner”)
and WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Loan Trustee under the Indenture (each as
hereinafter defined).


 


WITNESSETH:


 


WHEREAS, the Indenture and Security Agreement
(6698), dated as of July 29, 2015 (the “Indenture”;
capitalized terms used herein without definition shall have the meanings specified therefor in Annex A to the Indenture),
between the Owner and Wilmington Trust Company, not in its individual capacity, except as expressly provided therein, but
solely as Loan Trustee (the “Loan Trustee”), provides for the execution and delivery of supplements
thereto substantially in the form hereof which shall particularly describe the Aircraft, and shall specifically grant a
security interest in the Aircraft to the Loan Trustee; and


 


WHEREAS, the Indenture relates to the
Airframe and Engines described in Annex A attached hereto and made a part hereof, and a counterpart of the Indenture is attached
to and made a part of this Indenture Supplement;


 


NOW, THEREFORE, (x) to secure
(i) the prompt and complete payment (whether at stated maturity, by acceleration or otherwise) of principal of, interest on (including
interest on any overdue amounts), and Make-Whole Amount, if any, with respect to, and all other amounts due under, the Equipment
Notes, (ii) all other amounts payable by the Owner under the Financing Agreements and (iii) the performance and
observance by the Owner of all the agreements and covenants to be performed or observed by the Owner for the benefit of the Noteholders
and the Indenture Indemnitees contained in the Financing Agreements, and (y) to secure the Related Secured Obligations,
and in consideration of the premises and of the covenants contained in the Financing Agreements and the Related Indentures, and
for other good and valuable consideration given by the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees
to the Owner at or before the Closing Date, the receipt and adequacy of which is hereby acknowledged, the Owner does hereby grant,
bargain, sell, convey, transfer, mortgage, assign, pledge and confirm unto the Loan Trustee and its successors in trust and permitted
assigns, for the security and benefit of the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, a first
priority security interest in, and mortgage lien on, all estate, right, title and interest of the Owner in, to and under the Aircraft,
including the Airframe and Engines described in Annex A attached hereto, whether or not any such Engine may from time to time
be installed on the Airframe or any other airframe or any other aircraft, and any and all Parts relating thereto, and, to the
extent provided in the Indenture, all substitutions and replacements of, and additions, improvements, accessions and accumulations
to, the Aircraft, including the Airframe, the Engines and any and all Parts (in each case other than any substitutions, replacements,
additions, improvements, accessions and accumulations that constitute items excluded from the definition of Parts by clauses (b),
(c) and (d) thereof) relating thereto;


 




     


     


    

 


TO HAVE AND TO HOLD all and singular
the aforesaid property unto the Loan Trustee, and its successors and permitted assigns, in trust for the equal and proportionate
benefit and security of the Noteholders, the Indenture Indemnitees and the Related Indenture Indemnitees, except as otherwise provided
in the Indenture, including Section 2.13 and Article III of the Indenture, without any priority of any one Equipment Note over
any other, or any Related Equipment Note over any other, by reason of priority of time of issue, sale, negotiation, date of maturity
thereof or otherwise for any reason whatsoever, and for the uses and purposes and subject to the terms and provisions set forth
in the Indenture.


 


This Indenture Supplement shall be
construed as supplemental to the Indenture and shall form a part thereof, and the Indenture is hereby incorporated by reference
herein and is hereby ratified, approved and confirmed.


 


THIS INDENTURE SUPPLEMENT HAS
BEEN DELIVERED IN THE STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK,
INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.


 


[Signature Pages Follow.]


 




     


     


    

 


IN WITNESS WHEREOF, the undersigned have caused this Indenture Supplement
No. 1 to be duly executed by their respective duly authorized officers, on the date first above written.


 


	 	PARINA LEASING LIMITED
	 	 
	 	BY:	/s/ Pilar Duarte
	 	 	Name:	Pilar Duarte
	 	 	Title: 	Authorized Signatory


 


 


	 	
        WILMINGTON TRUST COMPANY, not in its individual capacity,
except as expressly provided in the Indenture, but solely as Loan Trustee

	 	 
	 	BY:	/s/ Drew H. Davis
	 	 	Name:	Drew H. Davis
	 	 	Title: 	Assistant Vice President


 


Signature Page


 




     


     


    

 


DESCRIPTION OF AIRFRAME AND ENGINES


 


AIRFRAME


 


	Manufacturer	 	Model	 	Chilean Registration 

No.	 	Manufacturer’s Serial

 No.
	Airbus	 	A321-200	 	CC-BEE	 	6698


 


ENGINES


 


	Manufacturer	 	Model	 	Manufacturer’s Serial Nos.
	CFM International Inc.	 	CFM56-5B3/3	 	569903 and 569901


 


Each Engine has 550 or more rated takeoff horsepower
or the equivalent of such horsepower and is a jet propulsion aircraft engine having at least 1750 pounds of thrust or the equivalent
of such thrust.


 




     


     


    

 


DESCRIPTION OF EQUIPMENT NOTES


 





	 	 	Original Principal Amount	 	 	Maturity Date
	Series A	 	 	 	 	 	 
	Equipment Notes:	 	$	33,556,000.00	 	 	November 15, 2027
	 	 	 	 	 	 	 
	Series B	 	 	 	 	 	 
	Equipment Notes:	 	$	6,496,000.00	 	 	November 15, 2023





 


CERTAIN DEFINED TERMS


 


	Defined Term	 	Definition
	Debt Rate for Series A Equipment Notes	 	4.200% per annum.
	Make-Whole Spread for Series A Equipment Notes	 	0.30%.
	 	 	 
	Debt Rate for Series B Equipment Notes	 	4.500% per annum.
	Make-Whole Spread for Series B Equipment Notes	 	0.45%.


 




     


     


    

 


EQUIPMENT NOTES AMORTIZATION


 


SERIES A EQUIPMENT NOTES


Airbus A321-200 

6698


 





	Payment Date	 	Percentage of
 Original Principal Amount 
 to be Paid	 
	At Issuance	 	 	0	 
	May 15, 2016	 	 	1,680,927.90	 
	August 15, 2016	 	 	441,061.95	 
	November 15, 2016	 	 	1,941,018.75	 
	February 15, 2017	 	 	440,974.51	 
	May 15, 2017	 	 	440,929.23	 
	August 15, 2017	 	 	440,882.88	 
	November 15, 2017	 	 	440,835.43	 
	February 15, 2018	 	 	440,786.82	 
	May 15, 2018	 	 	440,737.04	 
	August 15, 2018	 	 	440,686.05	 
	November 15, 2018	 	 	440,633.80	 
	February 15, 2019	 	 	440,580.25	 
	May 15, 2019	 	 	481,492.81	 
	August 15, 2019	 	 	481,426.34	 
	November 15, 2019	 	 	481,358.16	 
	February 15, 2020	 	 	481,288.24	 
	May 15, 2020	 	 	481,216.50	 
	August 15, 2020	 	 	481,142.89	 
	November 15, 2020	 	 	481,067.33	 
	February 15, 2021	 	 	480,989.77	 
	May 15, 2021	 	 	480,910.13	 
	August 15, 2021	 	 	480,828.32	 
	November 15, 2021	 	 	480,744.28	 
	February 15, 2022	 	 	480,657.93	 
	May 15, 2022	 	 	480,569.16	 
	August 15, 2022	 	 	480,477.90	 
	November 15, 2022	 	 	480,384.06	 
	February 15, 2023	 	 	480,287.52	 
	May 15, 2023	 	 	480,188.20	 
	August 15, 2023	 	 	480,085.97	 
	November 15, 2023	 	 	479,980.73	 
	February 15, 2024	 	 	479,872.35	 
	May 15, 2024	 	 	479,760.72	 
	August 15, 2024	 	 	479,645.70	 
	November 15, 2024	 	 	479,527.14	 
	February 15, 2025	 	 	479,404.91	 
	May 15, 2025	 	 	479,278.85	 
	August 15, 2025	 	 	479,148.79	 
	November 15, 2025	 	 	479,014.58	 
	February 15, 2026	 	 	478,876.02	 
	May 15, 2026	 	 	478,732.93	 
	August 15, 2026	 	 	478,585.11	 
	November 15, 2026	 	 	478,432.36	 
	February 15, 2027	 	 	478,274.43	 
	May 15, 2027	 	 	478,111.11	 
	August 15, 2027	 	 	477,942.13	 
	November 15, 2027	 	 	9,206,242.02	 





 




     


     


    

 


SERIES B EQUIPMENT NOTES


Airbus A321-200 

6698


 





	Payment Date	 	Percentage of
 Original Principal Amount 
 to be Paid	 
	At Issuance	 	 	0.00	 
	May 15, 2016	 	 	768,874.04	 
	August 15, 2016	 	 	164,868.30	 
	November 15, 2016	 	 	41,217.00	 
	February 15, 2017	 	 	41,217.00	 
	May 15, 2017	 	 	41,217.00	 
	August 15, 2017	 	 	35,572.61	 
	November 15, 2017	 	 	164,740.52	 
	February 15, 2018	 	 	164,713.12	 
	May 15, 2018	 	 	164,685.06	 
	August 15, 2018	 	 	164,656.28	 
	November 15, 2018	 	 	164,626.83	 
	February 15, 2019	 	 	164,596.62	 
	May 15, 2019	 	 	164,565.67	 
	August 15, 2019	 	 	164,533.92	 
	November 15, 2019	 	 	164,501.38	 
	February 15, 2020	 	 	164,468.00	 
	May 15, 2020	 	 	164,433.75	 
	August 15, 2020	 	 	164,398.61	 
	November 15, 2020	 	 	164,362.55	 
	February 15, 2021	 	 	164,325.51	 
	May 15, 2021	 	 	164,287.48	 
	August 15, 2021	 	 	164,248.43	 
	November 15, 2021	 	 	164,208.31	 
	February 15, 2022	 	 	164,167.07	 
	May 15, 2022	 	 	164,124.70	 
	August 15, 2022	 	 	182,273.35	 
	November 15, 2022	 	 	218,601.52	 
	February 15, 2023	 	 	218,537.90	 
	May 15, 2023	 	 	273,022.85	 
	August 15, 2023	 	 	254,756.88	 
	November 15, 2023	 	 	1,131,197.74	 
	February 15, 2024	 	 	0.00	 
	May 15, 2024	 	 	0.00	 
	August 15, 2024	 	 	0.00	 
	November 15, 2024	 	 	0.00	 
	February 15, 2025	 	 	0.00	 
	May 15, 2025	 	 	0.00	 
	August 15, 2025	 	 	0.00	 
	November 15, 2025	 	 	0.00	 
	February 15, 2026	 	 	0.00	 
	May 15, 2026	 	 	0.00	 
	August 15, 2026	 	 	0.00	 
	November 15, 2026	 	 	0.00	 
	February 15, 2027	 	 	0.00	 
	May 15, 2027	 	 	0.00	 
	August 15, 2027	 	 	0.00	 
	November 15, 2027	 	 	0.00