Document:

Brooke Agency Services Company, LLC Security Agreement dated June 19, 2008

 Exhibit 10.5 
 SECURITY AGREEMENT 
 This SECURITY AGREEMENT (this “Security Agreement”) is made as
of the 19th day of June, 2008, by Brooke Agency Services Company LLC, a Delaware limited liability company (the “Pledgor”), in favor of Autobahn Funding Company LLC, as Lender (the “Lender”), and DZ Bank AG Deutsche
Zentral-Genossenschaftsbank, as Agent (the “Agent”), in connection with that certain Amended and Restated Credit and Security Agreement, dated as of August 29, 2006, by and among Brooke Credit Funding, LLC, a Delaware limited
liability company, as Borrower (the “Borrower”), Aleritas Capital Corp., a Delaware corporation (f/k/a Brooke Credit Corporation) (“Brooke Credit”), as Seller and Subservicer, Brooke Corporation, a Kansas
corporation, as Master Agent Servicer and Performance Guarantor (the “Parent”), the Lender and the Agent. Such Amended and Restated Credit and Security Agreement, as it may be amended, restated, supplemented or otherwise modified
from time to time, is hereinafter referred to as the “Credit and Security Agreement”. 
 1. Definitions. Unless
otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to them in the Credit and Security Agreement. All terms defined in Article 9 of the UCC in the State of New York as in effect on the date hereof, and not
specifically defined herein or in the Credit and Security Agreement, are used herein as defined in such Article 9. In addition, the following terms have the following meanings (such meanings to be equally applicable to both the singular and the
plural forms of the terms defined): 
 “Brooke Obligations” means all present and future indebtedness and other liabilities
and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of Brooke Credit and/or the Parent to the Lender, the Agent and/or any other Secured Party, arising under or in
connection with the Performance Guaranty, the Sale and Servicing Agreement, the Credit and Security Agreement or any other Related Document or the transactions contemplated hereby or thereby and shall include, without limitation, all liability for
costs, expenses, indemnifications, repurchase obligations and all other amounts due or to become due from Brooke Credit or the Parent under the Related Documents, including, without limitation, interest, fees and other obligations that accrue after
the commencement of a bankruptcy, insolvency or similar proceeding (in each case whether or not allowed as a claim in such proceeding). 
 “Collateral” has the meaning specified in Section 2. 
 2. Security Agreement. (i) To secure the
payment and performance of the Brooke Obligations and the payment and performance by the Pledgor of all of the covenants and obligations to be paid or performed by it pursuant to this Security Agreement and each other Related Document, the Pledgor
hereby grants to the Agent, on behalf of the Secured Parties (and their respective successors and assigns), a security interest in all of the Pledgor’s right, title and interest in and to all of the following property and interests in property
(collectively, the 

  

 Signature Page to 
 Security Agreement 

 
“Collateral”), in each case whether tangible or intangible and whether now owned or existing or hereafter arising or acquired and
wheresoever located: 
 (a) all right, title and interest of the Pledgor in, to and under all Brooke Franchise Agreements now
or hereafter existing, including, without limitation, all moneys due and to become due under or in connection with any such Brooke Franchise Agreement (whether in respect of Sales Commissions, fees, expenses, indemnities or otherwise); 

(b) all other accounts, equipment, inventory, general intangibles, payment intangibles, instruments, investment property, documents,
chattel paper, goods, moneys, letters of credit, letter of credit rights, certificates of deposit, deposit accounts and all other property and interests in property of the Pledgor, whether tangible or intangible, whether real property or personal
property and whether now owned or existing or hereafter arising or acquired and wheresoever located; and 
 (c) all proceeds
of the foregoing property described in clauses (a) and (b) above, including, without limitation, proceeds which constitute property of the type described in clauses (a) and (b) above and, to the extent not otherwise included, all
(i) payments under any insurance policy (whether or not the Agent or the Lender is the loss payee thereof), indemnity, warranty or guaranty payable by reason of loss or damage to or otherwise with respect to any of the foregoing and
(ii) interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for or on account of the sale or other disposition of any or all of the then existing
Collateral; 
 provided that, to the extent the Pledgor is required to remit the proceeds of any Sales Commissions to The Bank of New
York, as trustee under any Term Securitization entered into by the Pledgor prior to the date hereof (The Bank of New York in such capacity being the “Trustee”) pursuant to a security agreement in effect on the date hereof (a
“Term Securitization Security Agreement”), the Agent’s security interest in such proceeds shall be subject and subordinate to the Trustee’s security interest for so long as the Trustee’s security interest therein
remains in effect and such proceeds have not been released to the Pledgor or any of its Affiliates. 
 (ii) Upon the occurrence of an Event
of Default or a default in respect of any obligation of the Pledgor to be performed by it pursuant to this Security Agreement or any other Related Document, the Agent shall have, in addition to all other rights and remedies under this Security
Agreement or otherwise, all other rights and remedies provided to a secured party under the UCC of the applicable jurisdiction and other applicable laws, which rights shall be cumulative. The rights and remedies of a secured party which may be
exercised by the Agent shall include, without limitation, the right, without notice except as specified below, to solicit and accept bids for and sell the Collateral or any part thereof in one or more parcels at a public or private sale, at any
exchange, broker’s board or at any of the Agent’s offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the Agent may deem commercially reasonable. The Pledgor agrees that, to the extent notice of
sale shall be required by law, 10 days’ notice to the Pledgor of the time and place of any public sale or the time after 

 
which any private sale is to be made shall constitute reasonable notification and that it shall be commercially reasonable for the Agent to sell the
Collateral on an “as is” basis, without representation or warranty of any kind. The Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given and may adjourn any public or private sale from
time to time by announcement at the time and place fixed therefore, and such sale may, without further notice, be made at the time and place to which it was so adjourned. 
 (iii) Notwithstanding anything herein to the contrary, the proceeds of the Collateral remitted to the Agent and applied to satisfy the Brooke Obligations shall not exceed $25,000,000. 
 3. Obligations Unconditional. The Pledgor hereby agrees that its obligations under this Security Agreement shall be unconditional, irrespective
of: 
 (i) the validity, enforceability, avoidance or subordination of any of the Brooke Obligations or any of the Related Documents;

 (ii) the absence of any attempt by, or on behalf of, the Lender or the Agent to collect, or to take any other action to enforce, all or
any part of the Brooke Obligations whether from or against Brooke Credit or the Parent, any other guarantor of the Brooke Obligations or any other party; 
 (iii) the election of any remedy by, or on behalf of, the Lender or the Agent with respect to all or any part of the Brooke Obligations; 
 (iv) the waiver, amendment, consent, extension, forbearance or granting of any indulgence by, or on behalf of, the Lender or the Agent with respect to any provision of any of the Related Documents; 
 (v) the failure of the Lender or the Agent to take any steps to perfect and maintain its security interest in, or to preserve its rights to, any security
or collateral for the Brooke Obligations or any rights as against any other guarantor of the Brooke Obligations or any release of any collateral security for or release of any other guarantor in respect of the Brooke Obligations; 
 (vi) the election by, or on behalf of, the Lender or the Agent, in any proceeding instituted under Chapter 11 of Title 11 of the United
States Code (11 U.S.C. 101 et seq.) (the “Bankruptcy Code”), of the application of Section 1111(b)(2) of the Bankruptcy Code; 
 (vii) any borrowing or grant of a security interest by Brooke Credit or the Parent, as a debtor-in-possession, under Section 364 of the Bankruptcy Code; 
 (viii) the disallowance, under Section 502 of the Bankruptcy Code, of all or any portion of the claims of the Lender or the Agent for repayment of all or any part of the Brooke Obligations, including any amount
due hereunder; or 
 (ix) any actual or alleged fraud by any party (other than the Lender or the Agent); or 

 (x) any other circumstance which might otherwise constitute a legal or equitable discharge or defense of
Brooke Credit, the Parent or a guarantor (other than the defense of payment or performance). 
 4. Pledgor Representations and
Warranties. The Pledgor represents and warrants as follows: 
 (i) Corporate Existence and Power. The Pledgor is a limited
liability company duly incorporated, validly existing and in good standing under the laws of the State of Delaware, and has all necessary powers and all governmental licenses, authorizations, consents and approvals required to carry on its business
in each jurisdiction in which the nature of its business requires such authorization, except for any such governmental license, authorization, consent or approval the absence of which would not be reasonably likely to have a Material Adverse Effect.

 (ii) No Conflict. The execution, delivery and performance by the Pledgor of this Security Agreement and each other Related Document
to which it is a party are within the powers granted by the Pledgor’s organizational documents, have been duly authorized by all necessary action, do not contravene or violate (i) its organizational documents, (ii) any law, rule or
regulation applicable to it in any material respect, (iii) any restrictions under any material agreement, contract or instrument to which it is a party or by which it or any of its property is bound, or (iv) any order, writ, judgment,
award, injunction or decree binding on or affecting it or its property, and do not result in the creation or imposition of any Adverse Claim on assets of the Pledgor. This Security Agreement and each other Related Document to which the Pledgor is
named as a party has been duly authorized, executed and delivered by the Pledgor. 
 (iii) Governmental Authorization. Other than the
filing of the financing statements required hereunder, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Pledgor of the
Related Documents to which it is a party. No injunction, writ, restraining order or other order of any nature adversely affects the Pledgor’s performance of its obligations under this Security Agreement or any other Related Document to which it
is a party. 
 (iv) Binding Effect. The Related Documents to which the Pledgor is a party constitute its legal, valid and binding
obligations enforceable against the Pledgor in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’
rights generally. 
 (v) Accuracy of Information. All information heretofore furnished by the Pledgor or any of its Affiliates to the
Agent in writing for purposes of or in connection with this Security Agreement, any of the other Related Documents or any transaction contemplated hereby or thereby is, and all such information hereafter furnished by the Pledgor or any of its
Affiliates to the Agent in writing will be, true and accurate in all material respects, on the date as of which such information is stated or certified and does not and will not contain any material misstatement of fact or omit to state a material
fact or any fact necessary to make the statements contained therein, taken as a whole and in context, not misleading. 

 (vi) Actions, Suits. There are no actions, suits or proceedings pending or, to its knowledge,
threatened against or adversely affecting the Pledgor or any of its properties, in or before any court, arbitrator or other body, which, if adversely determined, would be reasonably likely to have a Material Adverse Effect. The Pledgor is not in
default with respect to any order of any court, arbitrator or governmental body. 
 (vii) Security Interest. This Agreement, together
with the financing statements filed on or prior to the date hereof, is effective to create a valid and perfected first priority security interest (subject only to the security interests granted under the Term Securitization Security Agreements
entered into by the Pledgor prior to the date hereof) in (i) all Brooke Franchise Agreements in which the Pledgor has acquired or may hereafter acquire an interest and (ii) all other Collateral now existing or hereafter arising or
acquired. 
 (viii) Not an Investment Company. The Pledgor is not an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended from time to time, or any successor statute. 
 (ix) Taxes. The Pledgor has paid when due all taxes payable by it other than those taxes which are being contested in good faith and by proper
proceedings and as to which appropriate reserves are being maintained in accordance with GAAP. The Pledgor has filed (on a consolidated basis or otherwise) on a timely basis all tax returns (including, without limitation, all foreign, federal,
state, local and other tax returns) required to be filed and is not liable for taxes payable by any other Person. No tax lien or similar adverse claim has been filed, and no claim is being asserted, with respect to any such tax, assessment or other
governmental charge. 
 (x) Places of Business; Jurisdiction of Incorporation. The principal places of business and chief executive
office of the Pledgor and the offices where the Pledgor keeps all its Records are located at the address(es) listed on Exhibit I hereto. The Federal Employer Identification Number for the Pledgor is correctly set forth on Exhibit I hereto. The
Pledgor’s sole jurisdiction of incorporation is the State of Delaware. 
 (xi) Names. In the past five years, the Pledgor has not
used any legal names, trade names or assumed names other than Brooke Agency Services Company LLC and has not engaged in any merger or consolidation, except as set forth on Exhibit I hereto. 
 (xii) Solvency. The Pledgor is solvent and will not become insolvent after giving effect to the transactions contemplated hereby; the Pledgor is
paying its debts as they become due; and the Pledgor, after giving effect to the transactions contemplated hereby, will have adequate capital to conduct its business. 
 (xiii) ERISA. The Pledgor is in compliance in all material respects with ERISA and has not incurred and does not expect to incur any liabilities to the Pension Benefit Security Agreement Corporation (or any
successor thereto) under ERISA. 

 5. Affirmative Covenants of the Pledgor. Until the Final Payout Date, the Pledgor agrees that it
will perform and observe its covenants and agreements set forth in this Section 5. 
 (i) Reporting. The Pledgor will maintain a
system of accounting established and administered in accordance with GAAP, and will furnish to the Agent: 
 (a) Annual
Financial Reporting. Within 120 days after the close of each of its fiscal years, financial statements for the Pledgor and its consolidated Subsidiaries for such fiscal year prepared in accordance with GAAP and certified in a manner acceptable
to the Agent by independent public accountants acceptable to the Agent. 
 (b) Quarterly Reporting. Within 45 days
after the close of each of the quarterly periods of each of its fiscal years, balance sheets for the Pledgor and its consolidated Subsidiaries as at the close of each such period and statements of income and retained earnings and a statement of cash
flows for the Pledgor and its consolidated Subsidiaries for the period from the beginning of such fiscal year to the end of such quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments and without footnotes) and
certified by the Pledgor’s chief financial officer. 
 (c) S.E.C. Filings. Promptly upon the filing thereof,
copies of all registration statements and annual, quarterly, monthly or other regular reports which the Pledgor or any of their respective Affiliates files with the Securities and Exchange Commission if any of such Persons shall have a class of
security that is publicly traded. 
 (d) Other Information. Such other information (including non-financial
information) as the Agent or the Lender may from time to time reasonably request. 
 (ii) Notices. The Pledgor will notify the Agent
in writing of any of the following within one Business Day of learning of the occurrence thereof, describing the same and, if applicable, the steps being taken with respect thereto: 
 (a) Judgment. The entry of any judgment or decree against the Pledgor or any of its Affiliates. 
 (b) Litigation. The institution of any litigation, arbitration proceeding or governmental proceeding against the Pledgor or any of
its Subsidiaries or to which the Pledgor or any of its Affiliates becomes a party if such litigation, arbitration proceeding or governmental proceeding, if adversely determined against the Pledgor or any of its Affiliates, would be reasonably likely
to have a Material Adverse Effect. 
 (iii) Compliance with Laws. The Pledgor will comply in all material respects with all applicable
laws, rules, regulations, orders writs, judgments, injunctions, decrees or awards to which it may be subject. 
 (iv) Information;
Compliance Reviews. The Pledgor will furnish to the Agent from time to time such information with respect to it and its Affiliates as the Agent may reasonably request. The Pledgor shall, from time to time during regular business hours as
requested by the Pledgor or the Agent permit the Agent, or any of their respective agents or representatives, at the Pledgor’s expense, (i) to examine and make copies of and abstracts from 

 
all Records in the possession or under the control of the Pledgor relating to the Brooke Franchise Agreements and the other Collateral and (ii) to visit
the offices and properties of the Pledgor and its Affiliates for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to the Pledgor’s financial condition or the Collateral or the
Pledgor’s performance under the Brooke Franchise Agreements to which it is a party with any of the officers or employees of the Pledgor or such Affiliates having knowledge of such matters. 
 (v) Taxes. The Pledgor will pay when due any taxes payable by it other than those taxes which are being contested in good faith and by proper
proceedings and as to which appropriate reserves are being maintained in accordance with GAAP. 
 (vi) Maintenance and Perfection of
Collateral. The Pledgor will cause the Agent to have a first priority perfected security interest in all Collateral (subject only to the security interests granted under the Term Securitization Security Agreements entered into by the Pledgor
prior to the date hereof). To the extent the Pledgor has or acquires any real property or interest therein, the Pledgor shall promptly notify the Agent thereof in writing and will furnish to the Agent all information that the Agent may reasonably
request with respect thereto. If so requested by the Agent, the Pledgor will take all actions necessary or desirable, or that the Agent may reasonably request, in order to ensure that the Agent has a first priority perfected lien on all such real
property and interests in real property, including, without limitation, the execution and delivery of appropriate mortgages, deeds of trust or other similar instruments as appropriate under the laws of the relevant jurisdiction where the real
property is located. 
 6. Negative Covenants of Pledgor. Until the Final Payout Date, the Pledgor agrees that it will perform and
observe its covenants and agreements set forth in this Section 6. 
 (i) Name Change, Offices, Records and Books of Accounts. The
Pledgor will not change its name, identity or corporate structure or relocate its chief executive office or jurisdiction of organization or any office where Records are kept unless it shall have: (i) given the Agent at least 30 days prior
notice thereof and (ii) delivered to the Agent all financing statements, instruments and other documents requested by the Agent in connection with such change or relocation. The Pledgor will not change its jurisdiction of organization to a
jurisdiction other than the State of Delaware. 
 (ii) Merger. The Pledgor shall not merge or consolidate with or into, or convey,
transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions, and except as otherwise contemplated herein) all or any material part of its assets (whether now owned or hereafter acquired) to, or acquire all or
any material part of the assets of, any Person, or permit of any its Subsidiaries to do any of the foregoing, except as contemplated by the Related Documents. 
 (iii) Sales, Liens, Etc. The Pledgor shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or create or suffer to exist any Adverse Claim upon
(including, without limitation, the filing of any financing statement) or with respect to, any Collateral, or assign any right to receive income in respect thereof other than, in each case, the creation of the interests therein in favor of the
Borrower, the Agent and the Secured Parties provided for in the Related Documents, and the Pledgor shall defend the right, title and interest of the Agent and the Secured Parties in, to and under the Collateral, against all claims of third parties
claiming through or under the Pledgor. 

 (iv) Term Securitization Security Agreements. The Pledgor will not amend or otherwise modify any
Term Securitization Security Agreement, and will not enter into any new Term Securitization Security Agreements. 
 7. Enforcement;
Application of Payments. Upon the occurrence of an Event of Default, the Agent may proceed directly and at once, without notice, against the Pledgor to obtain performance of and to collect and recover the full amount, or any portion, of the
Brooke Obligations, without first proceeding against Brooke Credit or the Parent, any other guarantor or any other party, or against any security or collateral for the Brooke Obligations. Subject only to the terms and provisions of the Credit and
Security Agreement, the Agent shall have the exclusive right to determine the application of payments and credits, if any, from the Pledgor, Brooke Credit, the Parent or any other guarantor or from any other party on account of the Brooke
Obligations or any other liability of the Pledgor to the Secured Parties. 
 8. Waivers. (i) The Pledgor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of receivership or bankruptcy of Brooke Credit or the Parent, protest or notice with respect to the Brooke Obligations, all setoffs and counterclaims and all presentments,
demands for performance, notices of nonperformance, protests, notices of protest, notices of dishonor and notices of acceptance of this Security Agreement, the benefits of all statutes of limitation, and all other demands whatsoever (and shall not
require that the same be made on Brooke Credit or the Parent as a condition precedent to the Pledgor’s obligations hereunder), and covenants that this Security Agreement will not be discharged, except by complete payment (in cash) of the Brooke
Obligations. The Pledgor further waives all notices of the existence, creation or incurring of new or additional Brooke Obligations arising from the transactions contemplated by the Related Documents, and also waives all notices that the principal
amount, or any portion thereof, and/or any interest on any instrument or document evidencing all or any part of the Brooke Obligations is due, notices of any and all proceedings to collect from the maker, any endorser or any other guarantor of all
or any part of the Brooke Obligations, or from any other party, and, to the extent permitted by law, notices of exchange, sale, surrender or other handling of any security or collateral given to the Agent to secure payment of all or any part of the
Brooke Obligations. 
 (ii) The Agent is hereby authorized, without notice or demand and without affecting the liability of the Pledgor
hereunder, from time to time, (a) with the agreement of Brooke Credit or the Parent (if such agreement is required), to renew, extend, accelerate or otherwise change the time for payment of, or other terms relating to, all or any part of the
Brooke Obligations, or to otherwise modify, amend or change the terms of any of the Related Documents; (b) to accept partial payments on all or any part of the Brooke Obligations; (c) to take and hold security or collateral for the payment
of all or any part of the Brooke Obligations, this Security Agreement, or any other guaranties of all or any part of the Brooke Obligations or other liabilities of Brooke Credit or the Parent, (d) to exchange, enforce, waive and release any
such security or collateral; (e) to apply such security or collateral and direct the order or manner of sale thereof as in its discretion it may determine; and (f) to settle, release, exchange, enforce, waive, compromise or collect or
otherwise liquidate all or any part of the Brooke Obligations, 

 
this Security Agreement, any other guaranty of all or any part of the Brooke Obligations, and any security or collateral for the Brooke Obligations or for
any such guaranty. Any of the foregoing may be done in any manner, without affecting or impairing the obligations of the Pledgor hereunder. 
 9. Setoff. At any time after all or any part of the Brooke Obligations have become due and payable (by acceleration or otherwise), the Agent may setoff and apply toward the payment of all or any part of the Brooke Obligations any
moneys, credits or other property belonging to the Pledgor, at any time held by or coming into the possession of the Agent or its affiliates. 
 10. Financial Information. The Pledgor hereby assumes responsibility for keeping itself informed of the financial condition of Brooke Credit and the Parent and any and all endorsers and/or other guarantors of all or any part of the
Brooke Obligations, and of all other circumstances bearing upon the risk of nonpayment of the Brooke Obligations, or any part thereof, that diligent inquiry would reveal, and the Pledgor hereby agrees that neither the Lender nor the Agent shall have
any duty to advise the Pledgor of information known to it regarding such condition or any such circumstances. In the event either the Lender or the Agent, in its sole discretion, undertakes at any time or from time to time to provide any such
information to the Pledgor, neither the Lender nor the Agent shall be under any obligation (i) to undertake any investigation not a part of its regular business routine, (ii) to disclose any information which the Lender or the Agent,
pursuant to accepted or reasonable commercial finance or banking practices, wishes to maintain confidential or (iii) to make any other or future disclosures of such information or any other information to the Pledgor. 
 11. No Marshalling; Reinstatement. The Pledgor consents and agrees that none of the Lender, the Agent nor any party acting for or on behalf of the
Lender or the Agent shall be under any obligation to marshall any assets in favor of the Pledgor or against or in payment of any or all of the Brooke Obligations. The Pledgor further agrees that, to the extent that Brooke Credit, the Parent, the
Pledgor or any other guarantor of all or any part of the Brooke Obligations makes a payment or payments to the Agent, or the Agent receives any proceeds of Collateral for the Brooke Obligations, which payment or payments or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to Brooke Credit, the Parent, the Pledgor, such other guarantor or any other party, or their respective estates, trustees, receivers or any
other party, including, without limitation, the Pledgor, under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or repayment, the part of the Brooke Obligations which has been paid, reduced
or satisfied by such amount shall be reinstated and continued in full force and effect as of the time immediately preceding such initial payment, reduction or satisfaction. 
 12. Subrogation. Until the Brooke Obligations have been paid in full, the Pledgor (i) shall have no right of subrogation with respect to such
Brooke Obligations and (ii) waives any right to enforce any remedy which the Lender or the Agent now has or may hereafter have against Brooke Credit, the Parent, any endorser or any guarantor of all or any part of the Brooke Obligations or any
other party, and the Pledgor waives any benefit of, and any right to participate in, any security or collateral given to the Agent to secure the payment or performance of all or any part of the Brooke Obligations or any other liability of Brooke
Credit or the Parent to the Lender or the Agent. 

 13. Subordination. (i) The Pledgor agrees that any and all claims of the Pledgor against Brooke
Credit or the Parent, any endorser or any other guarantor of all or any part of the Brooke Obligations, or against any of their respective properties (collectively, the “Subordinated Indebtedness”), shall be subordinate and subject
in right of payment to the prior payment, in full and in cash, of all Brooke Obligations; provided, however, that prior to the occurrence of any Event of Default, the Pledgor shall have the right to ask, demand, sue for, take or
receive any payment or distribution in respect of the Subordinated Indebtedness from Brooke Credit or the Parent. Notwithstanding any right of the Pledgor to ask, demand, sue for, take or receive any payment in respect of the Subordinated
Indebtedness from Brooke Credit or the Parent, all rights, liens and security interests of the Pledgor, whether now or hereafter arising and howsoever existing, in any asset of Brooke Credit or the Parent (whether constituting part of the security
or collateral given to the Agent to secure payment of all or any part of the Brooke Obligations or otherwise) shall be and hereby are subordinated to the rights of the Lender and the Agent in such asset. 
 (ii) From and after the occurrence of any Event of Default: 
 (a) The Pledgor shall have no right to possession of any asset of Brooke Credit or the Parent or to foreclose upon any such asset, whether by judicial action or otherwise, unless and until all of the Brooke
Obligations shall have been fully paid and satisfied and all financing arrangements between the Borrower, the Agent and the Lender have been terminated. 
 (b) If all or any part of the assets of Brooke Credit or the Parent, or the proceeds thereof, are subject to any distribution, division or application to the creditors of Brooke Credit or the Parent, whether partial
or complete, voluntary or involuntary, and whether by reason of liquidation, bankruptcy, arrangement, receivership, assignment for the benefit of creditors or any other action or proceeding, or if the business of Brooke Credit or the Parent is
dissolved or if substantially all of the assets of Brooke Credit or the Parent are sold, then, and in any such event, any payment or distribution of any kind or character, either in cash, securities or other property, which shall be payable or
deliverable upon or with respect to any of the Subordinated Indebtedness shall be paid or delivered directly to the Agent for application to payments due hereunder. 
 (c) The Pledgor hereby irrevocably authorizes and empowers the Agent (as a present grant, effective the date hereof and subject only to
the condition that an Event of Default exists) in respect of the Subordinated Indebtedness to demand, sue for, collect and receive every payment or distribution thereon and give acquittance therefor and to make and present for and on behalf of the
Pledgor such proofs of claim and take such other action, in the Agent’s own name or in the name of the Pledgor or otherwise, as the Agent may deem necessary or advisable for the enforcement of this Security Agreement. The Agent may vote such
proofs of claim in any such proceeding, receive and collect any and all dividends or other payments or disbursements made thereon in whatever form the same may be paid or issued and apply the same on account of any unpaid Brooke Obligation.

 (d) Should any payment, distribution, security or instrument or proceeds of any of the
foregoing be received by the Pledgor upon or with respect to the Subordinated Indebtedness following the occurrence of an Event of Default and prior to the satisfaction of all of the Brooke Obligations and the termination of all financing
arrangements between the Borrower and the Lender, the Pledgor shall (to the extent of unpaid Brooke Obligations) receive and hold the same in trust, as trustee, for the benefit of the Agent and shall forthwith deliver the same to the Agent, in
precisely the form received (except for the endorsement or assignment of the Pledgor where necessary), for application to any of the Brooke Obligations, due or not due, and, until so delivered, the same shall be held in trust by the Pledgor as the
property of the Agent. If the Pledgor fails to make any such endorsement or assignment to the Agent, the Agent or any of its officers or employees are hereby irrevocably authorized to make the same. 
 (iii) The Pledgor agrees that until the Brooke Obligations have been paid in full (in cash) and satisfied (except for contingent indemnification
obligations) and all financing arrangements between the Borrower and the Lender have been terminated, the Pledgor will not assign or transfer to any other party any claim the Pledgor has or may have against Brooke Credit or the Parent, without the
prior written consent of the Agent. 
 14. Enforcement; Amendments; Waivers. No delay on the part of the Lender or the Agent in the
exercise of any right or remedy arising under this Security Agreement, the Credit and Security Agreement, any of the other Related Documents or otherwise with respect to all or any part of the Brooke Obligations, the Collateral or any other guaranty
of or security for all or any part of the Brooke Obligations shall operate as a waiver thereof, and no single or partial exercise by the Lender or the Agent of any such right or remedy shall preclude any further exercise thereof. No modification or
waiver of any of the provisions of this Security Agreement shall be binding upon the Lender or the Agent, except as expressly set forth in a writing duly signed and delivered by the Lender or the Agent (as applicable). Failure by the Lender or the
Agent at any time or times hereafter to require strict performance by Brooke Credit, the Parent, the Pledgor, any other guarantor of all or any part of the Brooke Obligations or any other party of any of the provisions, warranties, terms and
conditions contained in any of the Related Documents now or at any time or times hereafter executed by such parties and delivered to the Lender or the Agent shall not waive, affect or diminish any right of the Lender or the Agent at any time or
times hereafter to demand strict performance thereof and such right shall not be deemed to have been waived by any act or knowledge of the Lender, the Agent, or their respective agents, officers or employees, unless such waiver is contained in an
instrument in writing, directed and delivered to Brooke Credit, the Parent or the Pledgor, as applicable, specifying such waiver, and is signed by the Lender or the Agent (as applicable). No waiver of any Event of Default by the Lender or the Agent
shall operate as a waiver of any other Event of Default or the same Event of Default on a future occasion, and no action by the Lender or the Agent permitted hereunder shall in any way affect or impair the Lender’s or the Agent’s rights
and remedies or the obligations of the Pledgor under this Security Agreement. Any determination by a court of competent jurisdiction of the amount of any principal and/or interest owing by Brooke Credit or the Parent to the Lender or the Agent shall
be conclusive and binding on the Pledgor irrespective of whether the Pledgor was a party to the suit or action in which such determination was made. 

 15. Effectiveness; Termination. This Security Agreement shall become effective upon its execution
by the Pledgor and shall continue in full force and effect and may not be terminated or otherwise revoked until the Final Payout Date. If, notwithstanding the foregoing, the Pledgor shall have any right under applicable law to terminate or revoke
this Security Agreement, the Pledgor agrees that such termination or revocation shall not be effective until a written notice of such revocation or termination, specifically referring hereto, signed by the Pledgor, is actually received by the Agent.
Such notice shall not affect the right and power of the Lender or the Agent to enforce rights arising prior to receipt thereof by the Agent. If the Lender grants loans or takes other action after the Pledgor terminates or revokes this Security
Agreement but before the Agent receives such written notice, the rights of the Agent with respect thereto shall be the same as if such termination or revocation had not occurred. 
 16. Successors and Assigns. This Security Agreement shall be binding upon the Pledgor and upon its successors and assigns and shall inure to the
benefit of the Lender and the Agent and their respective successors and assigns; all references herein to the Borrower, to Brooke Credit, to the Parent, to the Lender, to the Agent and to the Pledgor shall be deemed to include their respective
successors and assigns; provided that the Pledgor may not assign any of its rights or obligations hereunder without the prior written consent of the Lender and the Agent. The successors of the Pledgor, Brooke Credit and the Parent shall
include, without limitation, their respective receivers, trustees, debtors-in-possession or successor trustees. 
 17. GOVERNING LAW.
ANY DISPUTE AMONG THE LENDER, THE AGENT OR THE GUARANTOR ARISING OUT OF OR RELATED TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS GUARANTY, AND WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
 18. CONSENT TO JURISDICTION; COUNTERCLAIMS; FORUM NON CONVENIENS. (a) EXCLUSIVE JURISDICTION. EXCEPT AS PROVIDED IN SUBSECTION
(b) OF THIS SECTION 18, THE AGENT, THE LENDER AND THE GUARANTOR AGREE THAT ALL DISPUTES BETWEEN THEM ARISING OUT OF OR RELATED TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS GUARANTY, WHETHER ARISING IN CONTRACT, TORT,
EQUITY, OR OTHERWISE, SHALL BE RESOLVED ONLY BY FEDERAL COURTS LOCATED IN NEW YORK, NEW YORK OR, TO THE EXTENT SUCH COURTS LACK JURISDICTION, STATE COURTS LOCATED IN NEW YORK, NEW YORK, BUT THE PARTIES ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS
MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF NEW YORK, NEW YORK. 
 (b) OTHER JURISDICTIONS. THE AGENT SHALL HAVE THE RIGHT TO
PROCEED AGAINST THE GUARANTOR OR ITS REAL OR PERSONAL PROPERTY IN A 

 
COURT IN ANY LOCATION TO ENABLE THE AGENT TO OBTAIN PERSONAL JURISDICTION OVER THE GUARANTOR OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER ENTERED IN FAVOR
OF THE AGENT. THE GUARANTOR SHALL NOT ASSERT ANY PERMISSIVE COUNTERCLAIMS IN ANY PROCEEDING BROUGHT BY THE AGENT ARISING OUT OF OR RELATING TO THIS GUARANTY. 
 (c) VENUE; FORUM NON CONVENIENS. EACH OF THE GUARANTOR, THE AGENT AND THE LENDER WAIVES ANY OBJECTION THAT IT MAY HAVE (INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON FORUM
NON CONVENIENS) TO THE LOCATION OF THE COURT IN WHICH ANY PROCEEDING IS COMMENCED IN ACCORDANCE WITH THIS SECTION 18. 
 19.
SERVICE OF PROCESS. THE GUARANTOR IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE
GUARANTOR’S NOTICE ADDRESS SPECIFIED BELOW, SUCH SERVICE TO BECOME EFFECTIVE FIVE (5) DAYS AFTER SUCH MAILING. 
 20.
WAIVER OF JURY TRIAL. EACH OF THE GUARANTOR, THE AGENT AND THE LENDER WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, AMONG THE LENDER, THE AGENT OR THE GUARANTOR ARISING OUT OF OR
RELATED TO THE TRANSACTIONS CONTEMPLATED BY THIS GUARANTY OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH. ANY OF THE AGENT, THE GUARANTOR OR THE LENDER MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS
GUARANTY WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 21.
Further Assurances. If the Pledgor fails to perform any of its obligations hereunder, the Agent may (but shall not be required to) perform, or cause performance of, such obligation; and the Agent’s reasonable costs and expenses incurred
in connection therewith shall be payable by the Pledgor. The Pledgor irrevocably authorizes the Agent at any time and from time to time in the sole discretion of the Agent, and appoints the Agent as its attorney-in-fact, to act on behalf of the
Pledgor (i) to execute on behalf of the Pledgor as debtor and to file financing statements necessary or desirable in the Agent’s sole discretion to perfect and to maintain the perfection and priority of the interest of the Agent in the
Collateral and (ii) to file a carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement in such offices as the Agent in its sole discretion deems
necessary or desirable to perfect and to maintain the perfection and priority of the interests of the Agent in the Collateral. This appointment is coupled with an interest and is irrevocable. The Pledgor hereby authorizes the Agent to file one or
more financing statements against the Pledgor in such jurisdictions as the Agent may select identifying the collateral as “all assets”, “all property” or words of similar import. 

 22. Waiver of Bond. The Pledgor waives the posting of any bond otherwise required of the Agent or
the Lender in connection with any judicial process or proceeding to enforce any judgment or other court order entered in favor of the Agent or the Lender, or to enforce by specific performance, temporary restraining order, or preliminary or
permanent injunction, this Security Agreement or any other agreement or document among any of the Agent, the Lender or the Pledgor. 
 23.
Advice of Counsel. The Pledgor represents and warrants to the Agent and the Lender that he has discussed this Security Agreement and, specifically, the provisions of Sections 17 through 21 hereof, with its lawyers. 
 24. Notices. All notices and other communications required or desired to be served, given or delivered hereunder shall be in writing or by a
telecommunications device capable of creating a printed record and shall be addressed to the party to be notified as follows: 
 if to the
Pledgor, at: 
 Brooke Agency Services Company LLC 
 10950 Grandview Drive, Suite 600 
 Overland Park, Kansas 66210 
 Attention: President 
 Telephone:
(913) 661-0123 
 Facsimile: (913) 339-6328 
 if to the Lender, at: 
 Autobahn Funding Company LLC 
 c/o DZ BANK AG Deutsche 
 Zentral-Genossenschaftsbank 
 New York Branch 
 609 5th Avenue 
 New York, New York 10017-1021 
 Attention: Asset Securitization Group 
 Telecopy: (212) 745-1651 
 if to the Agent, at: 
 DZ BANK AG Deutsche 
 Zentral-Genossenschaftsbank 
 New York Branch 
 609 5th Avenue 

New York, New York 10017-1021 
 Attention:
Asset Securitization Group 
 Telecopy: (212) 745-1651 
 or, as to each party, at such other address as designated by such party in a written notice to the other party. All such notices and communications shall be deemed to be validly served, given or 

 
delivered (i) three (3) days following deposit in the United States mails, with proper postage prepaid; (ii) upon delivery thereof if
delivered by hand to the party to be notified; (iii) upon delivery thereof to a reputable overnight courier service, with delivery charges prepaid; or (iv) upon confirmation of receipt thereof if transmitted by a telecommunications device.

 25. Severability. Wherever possible, each provision of this Security Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Security Agreement shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the
remainder of such provision or the remaining provisions of this Security Agreement. 
 26. Merger. This Security Agreement represents
the final agreement of the Pledgor with respect to the matters contained herein and may not be contradicted by evidence of prior or contemporaneous agreements, or subsequent oral agreements, among any of the Agent, the Pledgor and the Lender.

 27. Execution in Counterparts. This Security Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Security Agreement by
facsimile shall be effective as delivery of a manually executed counterpart of this Security Agreement. 
 28. Limited Recourse; No
Petition. Notwithstanding anything else set forth in this Security Agreement to the contrary, the parties hereto agree that the obligations of the Pledgor hereunder shall be recourse to the Collateral only. Each of the Lender and the Agent
agrees that it will not institute against the Pledgor any bankruptcy, reorganization, insolvency or similar proceeding until a date that is at least one year and one day after the Brooke Obligations shall have been paid in full. 
 [Remainder of this page intentionally left blank]Purchase Agreement No 3194

 Exhibit 4.4 
 CONFIDENTIAL TREATMENT 
 PURCHASE AGREEMENT NUMBER 3194 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Relating to Boeing Model 777-FREIGHTER Aircraft 
  

					
	P.A. No. 3194	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 1 of 139	  	

 TABLE OF CONTENTS 
  

					
	 	  	SA
NUMBER
	 ARTICLES
	  	
	 1.     Quantity, Model and Description
	  	
	 2.     Delivery Schedule
	  	
	 3.     Price
	  	
	 4.     Payment
	  	
	 5.     Miscellaneous
	  	
		
	 TABLE
	  	
	 1.     Aircraft Information Table
	  	
		
	 EXHIBIT
	  	
	 A.     Aircraft Configuration
	  	
	 B.     Aircraft Delivery Requirements and Responsibilities
	  	
		
	 SUPPLEMENTAL EXHIBITS
	  	
	 AE1.     Escalation Adjustment/Airframe and Optional Features
	  	
	 BFE1.   BFE Variables
	  	
	 CS 1.    Customer Support Variables
	  	
	 EEl.      Engine Escalation/Engine Warranty and Patent Indemnity
	  	
	 SLP1.   Service Life Policy Components
	  	
		
	 LETTER AGREEMENTS
	  	
	 3194-01
	  	777 Spare Parts Initial Provisioning	  	
	 3194-02
	  	Open Configuration Matters	  	
	 3194-03
	  	[***]	  	
	 6-1162-ILK-0270
	  	[***]	  	
	 6-1162-ILK-0271
	  	[***]	  	
	 6-1162-ILK-0272
	  	Promotional Support (First of Minor Model)	  	
	 6-1162-ILK-0273
	  	EULA Special Matters	  	
	 6-1162-ILK-0274
	  	Performance Guarantees	  	
	 6-1162-ILK-0275
	  	[***]	  	
	 6-1162-ILK-0276
	  	[***]	  	
	 6-1162-ILK-0277
	  	[***]	  	

  

					
	P.A. No. 3194	  	i	  	
		  	BOEING PROPRIETARY	  	
		  	Page 2 of 139	  	

 Purchase Agreement No. 3194 
 between 
 The Boeing Company 
 and 
 LAN Airlines S.A. 
  
  
 This Purchase Agreement No. 3194 dated as of
            day of             of 2007 between The Boeing Company (Boeing) and LAN Airlines
S.A. (Customer) relating to the purchase and sale of Model 777-FREIGHTER aircraft together with all tables, exhibits, supplemental exhibits, letter agreements and other attachments thereto, if any, (Purchase
Agreement) incorporates the terms and conditions of the Aircraft General Terms Agreement dated as of the 9th of May of
1997 between the parties, identified as AGTA-LAN (AGTA). 
 Article 1. Quantity, Model and Description. 
 The aircraft to be delivered to Customer will be designated as Model 777-FREIGHTER aircraft (the Aircraft). Boeing will manufacture
and sell to Customer Aircraft conforming to the configuration described in Exhibit A in the quantities listed in Table 1 to the Purchase Agreement. 
 Article 2. Delivery Schedule. 
 The scheduled months of delivery of the Aircraft are listed in the attached Table 1. Exhibit
B describes certain responsibilities for both Customer and Boeing in order to accomplish the delivery of the Aircraft. 
 Article 3. Price.

 3.1 Aircraft Basic Price. The Aircraft Basic Price is listed in Table 1 in subject to escalation dollars. 
 3.2 Advance Payment Base Prices. The Advance Payment Base Prices listed in Table 1 were calculated utilizing the latest escalation factors
available to Boeing on the date of this Purchase Agreement projected to the month of scheduled delivery. 
  

					
	P.A. No. 3194	  	1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 3 of 139	  	

 Article 4. Payment. 
 4.1 Boeing acknowledges receipt of a deposit in the amount shown in Table 1 for each Aircraft (Deposit). 
 4.2. The standard advance payment schedule for the Model 777-FREIGHTER aircraft requires Customer to make certain advance payments, expressed in a percentage of the Advance Payment Base Price of each Aircraft
beginning with a payment of 1%, less the Deposit, on the effective date of the Purchase Agreement for the Aircraft. Additional advance payments for each Aircraft are due as specified in and on the first business day of the months listed in the
attached Table 1. 
 4.3 For any Aircraft whose scheduled month of delivery is less than 24 months from the date of this Purchase Agreement,
the total amount of advance payments due for payment upon signing of this Purchase Agreement will include all advance payments which are past due in accordance with the standard advance payment schedule set forth in paragraph 4.2 above. 

4.4 Customer will pay the balance of the Aircraft Price of each Aircraft at delivery. 
 Article 5. Additional Terms. 
 5.1 Aircraft Information Table. Table 1 consolidates information
contained in Articles 1, 2, 3 and 4 with respect to (i) quantity of Aircraft, (ii) applicable Detail Specification, (iii) month and year of scheduled deliveries, (iv) Aircraft Basic Price, (v) applicable escalation factors
and (vi) Advance Payment Base Prices and advance payments and their schedules. 
 5.2 Escalation Adjustment/Airframe and Optional
Features. Supplemental Exhibit AE1 contains the applicable airframe and optional features escalation formula. 
 5.3 Buyer Furnished
Equipment Variables. Supplemental Exhibit BFE1 contains vendor selection dates, on dock dates and other variables applicable to the Aircraft. 
 5.4 Customer Support Variables. [***] 
  

					
	P.A. No. 3194	  	2	  	
		  	BOEING PROPRIETARY	  	
		  	Page 4 of 139	  	

 [***] 
 5.5 Engine Escalation Variables. Supplemental Exhibit EE1 describes the applicable engine escalation formula and contains the engine warranty and the engine patent indemnity for the Aircraft. 
 5.6 Service Life Policy Component Variables. Supplemental Exhibit SLP 1 lists the airframe and landing gear components covered by the Service Life
Policy for the Aircraft (Covered Components). 
 5.7 Public Announcement. Boeing reserves the right to make a
public announcement regarding Customer’s purchase of the Aircraft upon approval of Boeing’s press release by Customer’s public relations department or other authorized representative. 
 5.8 Negotiated Agreement; Entire Agreement. This Purchase Agreement, including the provisions of Article 8.2 of the AGTA relating to insurance,
and Article 11 of Part 2 of Exhibit C of the AGTA relating to DISCLAIMER AND RELEASE and EXCLUSION OF CONSEQUENTIAL AND OTHER DAMAGES, has been the subject of discussion and negotiation and is understood by the parties; the Aircraft
Price and other agreements of the parties stated in this Purchase Agreement were arrived at in consideration of such provisions. This Purchase Agreement, including the AGTA, contains the entire agreement between the parties and supersedes all
previous proposals, understandings, commitments or representations whatsoever, oral or written, and may be changed only in writing signed by authorized representatives of the parties. [***] 
  

					
	P.A. No. 3194	  	3	  	
		  	BOEING PROPRIETARY	  	
		  	Page 5 of 139	  	

 DATED AS OF the
                     day of July of 2007 
  

									
	LAN AIRLINES S.A.	 		 	THE BOEING COMPANY
					
	 By: 
	 	 	 		 	By:	 	 
		 	    Mr. Carlos Prado C.	 		 		 	[***]
	 Its: 
	 	 Senior VP Corporate Investments
	 		 	Its:	 	Attorney in Fact
		 		 		 		 	
					
	 By: 
	 	 	 		 		 	
		 	    Mr. Andrés del Valle Eitel	 		 		 	
	 Its: 
	 	 Corporate Finance Director
	 		 		 	

  

					
	P.A. No. 3194	  	4	  	
		  	BOEING PROPRIETARY	  	
		  	Page 6 of 139	  	

 Table 1 to 
 Purchase Agreement No. 3194 
 Aircraft Delivery, Description, Price and Advance Payments 

  

											
	 Airframe Model/MTOW:         777-Freighter
	  	[***]	  	 Detail Specification:
	  	[***]	  		  	
	 Engine Model/Thrust:               [***]
	  	[***]	  	 Airframe Price Base Year/Escalation Formula:
	  		  	[***]	  	[***]
	 Airframe Price:
	  	[***]	  	 Engine Price Base Year/Escalation Formula:
	  		  	N/A	  	N/A
	 Optional Features:
	  	[***]	  		  		  		  	
		  	 	  		  		  		  	
		  		  		  		  		  	
	 Sub-Total of Airframe and Features:
	  	[***]	  	 Airframe Escalation Data:
	  		  		  	
	 Engine Price (Per Aircraft):
	  	[***]	  	 Base Year Index (ECI):
	  		  		  	[***]
	 Aircraft Basic Price (Excluding BFE/SPE):
	  	[***]	  	 Base Year Index (CPI):
	  		  		  	[***]
		  	 	  		  		  		  	
		  		  		  		  		  	
	 Buyer Furnished Equipment (BFE) Estimate:
	  	[***]	  		  		  		  	
	 Seller Purchased Equipment (SPE) Estimate:
	  	[***]	  		  		  		  	
	 Refundable Deposit/Aircraft at Proposal Accept:
	  	$230,000	  		  		  		  	

  

																			
	 Delivery
 Date
	  	Number of
Aircraft	  	Escalation
Factor
(Airframe)	  	Aircraft Block	  	Manufacturer
Serial Number	  	 Escalation Estimate
 Adv Payment Base
Price Per A/P
	  	Advance Payment Per Aircraft (Amts.
Due/Mos. Prior to Delivery):
	  	  	  	  	  	  	At Signing
1%	  	24 Mos.
4%	  	21/18/15/12/9/6 Mos.
5%	  	Total
35%
	 Sep-2011
	  	1	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 Sep-2012
	  	1	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
	 Total:
	  	2	  		  		  		  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
										
	 Note:
	  	[***]	  		  		  		  		  		  		  		  	

  

					
	P.A. No. 3194, (Boeing APR reference: 45616)	  		  	Page 1
		  	BOEING PROPRIETARY	  	
		  	Page 7 of 139	  	

 AIRCRAFT CONFIGURATION 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Exhibit A to Purchase Agreement Number 3194 
  

					
	P.A. No. 3194	  	A	  	
		  	BOEING PROPRIETARY	  	
		  	Page 8 of 139	  	

					
	Exhibit A to	  		  	
	 Purchase Agreement No. 3194
 Page 1
	  		  	

  
 AIRCRAFT CONFIGURATION

 Dated              
 relating to 
 BOEING MODEL 777-FREIGHTER
AIRCRAFT 
 The Customer Aircraft Description is based on Boeing Configuration
Specification D019W007-NEW dated as of the 24th of July of 2006. This Configuration Specification defines the basic features and characteristics of
the aircraft, but excludes specific Options to be selected by the customer at a later time and which is more fully discussed in Letter Agreement 3194-02, Open Configuration Matters. Selectable Options are listed in Boeing 777 Freighter Standard
Selections Publication D924W110-1 Dated February 2007. 
 The Aircraft Basic Price reflects and includes all features and characteristics
contained in the Configuration Specification, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment. 
  

					
	P.A. No. 3194	  	A	  	
		  	BOEING PROPRIETARY	  	
		  	Page 9 of 139	  	

 AIRCRAFT DELIVERY REQUIREMENTS AND RESPONSIBILITIES 
 between 
 THE BOEING COMPANY and 

LAN AIRLINES S.A. 
 Exhibit B to Purchase
Agreement Number 3194 
  

					
	P.A. No. 3194	  	B	  	
		  	BOEING PROPRIETARY	  	
		  	Page 10 of 139	  	

					
	Exhibit B to	  		  	
	 Purchase Agreement No. 3194
 Page 1
	  		  	

  
 AIRCRAFT DELIVERY
REQUIREMENTS AND RESPONSIBILITIES 
 relating to 
 BOEING MODEL 777-FREIGHTER AIRCRAFT 
 Both Boeing and Customer have certain documentation and approval responsibilities at
various times during the construction cycle of Customer’s Aircraft that are critical to making the delivery of each Aircraft a positive experience for both parties. This Exhibit B documents those responsibilities and indicates recommended
completion deadlines for the actions to be accomplished. 
 1. GOVERNMENT DOCUMENTATION REQUIREMENTS. 
 Certain actions are required to be taken by Customer in advance of the scheduled delivery month of each Aircraft with respect to obtaining certain government issued
documentation. 
 1.1 Airworthiness and Registration Documents. 
 [***] 
 Customer is responsible for
furnishing any Temporary or Permanent Registration Certificates required by any governmental authority having jurisdiction to be displayed aboard the Aircraft after delivery. 
 1.2 Certificate of Sanitary Construction. 
 1.2.1 U.S. Registered Aircraft. Boeing will obtain from the United States Public Health Service, a United States Certificate of
Sanitary Construction to be displayed aboard each Aircraft after delivery to Customer. 
  

					
	P.A. No. 3194	  	B-1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 11 of 139	  	

					
	Exhibit B to	  		  	
	 Purchase Agreement No. 3194
 Page 2
	  		  	

  
 1.2.2
Non-U.S. Registered Aircraft. If Customer requires a United States Certificate of Sanitary Construction at the time of delivery of the Aircraft, Customer will give written notice thereof to Boeing at least 3 months prior to delivery.
Boeing will then use its reasonable best efforts to obtain the Certificate from the United States Public Health Service and present it to Customer at the time of Aircraft delivery. 
 1.3 Customs Documentation. 
 1.3.1 Import Documentation. If the Aircraft is intended to be exported from the United States, Customer must notify Boeing not later than 3 months prior to delivery of each Aircraft of any documentation
required by the customs authorities or by any other agency of the country of import. 
 1.3.2 General Declaration -
U.S. If the Aircraft is intended to be exported from the United States, Boeing will prepare Customs Form 7507, General Declaration, for execution by U.S. Customs immediately prior to the ferry flight of the Aircraft. For this purpose, Customer
will furnish to Boeing not later than 20 days prior to delivery all information required by U.S. Customs or U.S. Immigration and Naturalization Service, including without limitation (i) a complete crew and passenger list identifying the
names, birth dates, passport numbers and passport expiration dates of all crew and passengers and (ii) a complete ferry flight itinerary, including point of exit from the United States for the Aircraft. 
 If Customer intends, during the ferry flight of an Aircraft, to land at a U.S. airport after clearing Customs at delivery, Customer must notify Boeing not
later than 20 days prior to delivery of such intention. If Boeing receives such notification, Boeing will provide to Customer the documents constituting a Customs permit to proceed, allowing such Aircraft to depart after any such landing.
Sufficient copies of completed Form 7507, along with passenger manifest, will be furnished to Customer to cover U.S. stops scheduled for the ferry flight. [***] 
 1.3.3 Export Declaration - U.S. If the Aircraft is intended to be exported from the United States, Boeing will prepare Form 7525V
and, immediately prior to the ferry flight, will submit such Form to U.S. Customs in Seattle in order to obtain clearance for the departure of the Aircraft, including any cargo, from the United States. U.S. Customs will deliver the Export
Declaration to the U.S. Department of Commerce after export. 
 2. INSURANCE CERTIFICATES. 
 Unless provided earlier, Customer will provide to Boeing not later than 30 days prior to delivery of the first Aircraft, a copy of the requisite annual insurance
certificate in accordance with the requirements of Article 8 of the AGTA. 
  

					
	P.A. No. 3194	  	B-2	  	
		  	BOEING PROPRIETARY	  	
		  	Page 12 of 139	  	

					
	Exhibit B to	  		  	
	 Purchase Agreement No. 3194
 Page 3
	  		  	

  
 3.
NOTICE OF FLYAWAY CONFIGURATION. 
 Not later than 20 days prior to delivery of the Aircraft, Customer will provide to Boeing a configuration
letter stating the requested “flyaway configuration” of the Aircraft for its ferry flight. This configuration letter should include: 
 (i) the name of the company which is to furnish fuel for the ferry flight and any scheduled post-delivery flight training, the method of payment for such fuel, and fuel load for the ferry flight; 
 (ii) the cargo to be loaded and where it is to be stowed on board the Aircraft [***], the address where cargo is to be shipped after
flyaway and notification of any hazardous materials requiring special handling; 
 (iii) any BFE equipment to be removed prior
to flyaway and returned to Boeing BFE stores for installation on Customer’s subsequent Aircraft; 
 (iv) a complete list
of names and citizenship of each crew member and non-revenue passenger who will be aboard the ferry flight; and 
 (v) a
complete ferry flight itinerary. 
 4. DELIVERY ACTIONS BY BOEING. 
 4.1 Schedule of Inspections. All FAA, Boeing, Customer and, if required, U.S. Customs Bureau inspections will be scheduled by
Boeing for completion prior to delivery or departure of the Aircraft. [***] 
 4.2 Schedule of Demonstration Flights.
All FAA and Customer demonstration flights will be scheduled by Boeing for completion prior to delivery of the Aircraft. [***] 
 4.3 Schedule for Customer’s Flight Crew. Boeing will inform Customer of the date, [***], that a flight crew is required for acceptance routines associated with delivery of the Aircraft. 
 4.4 Fuel Provided by Boeing. Boeing will provide to Customer, without charge, the amount of fuel shown in U.S. gallons in the table
below for the model of Aircraft being delivered and full capacity of engine oil at the time of delivery or prior to the ferry flight of the Aircraft. 
  

			
	 Aircraft Model
	  	Fuel Provided
	 777-FREIGHTER
	  	3,000

  

					
	P.A. No. 3194	  	B-3	  	
		  	BOEING PROPRIETARY	  	
		  	Page 13 of 139	  	

					
	Exhibit B to	  		  	
	 Purchase Agreement No. 3194
 Page 4
	  		  	

  
 4.5
Flight Crew and Passenger Consumables. Boeing will provide reasonable quantities of food, coat hangers, towels, toilet tissue, drinking cups and soap for the first segment of the ferry flight for the Aircraft. 
 4.6 Delivery Papers, Documents and Data. Boeing will have available at the time of delivery of the Aircraft certain delivery
papers, documents and data for execution and delivery. If title for the Aircraft will be transferred to Customer through a Boeing sales subsidiary and if the Aircraft will be registered with the FAA, Boeing will pre-position in Oklahoma City,
Oklahoma, for filing with the FAA at the time of delivery of the Aircraft an executed original Form 8050-2, Aircraft Bill of Sale, indicating transfer of title to the Aircraft from Boeing’s sales subsidiary to Customer. 
 4.7 Delegation of Authority. If specifically requested in advance by Customer, Boeing will present a certified copy of a Resolution
of Boeing’s Board of Directors, designating and authorizing certain persons to act on its behalf in connection with delivery of the Aircraft. 
 5. DELIVERY ACTIONS BY CUSTOMER. 
 5.1 Aircraft Radio Station License. At delivery Customer will
provide its Aircraft Radio Station License to be placed on board the Aircraft following delivery. 
 5.2 Aircraft Flight
Log. At delivery Customer will provide the Aircraft Flight Log for the Aircraft. 
 5.3 Delegation of Authority.
Customer will present to Boeing at delivery of the Aircraft an original or certified copy of Customer’s Delegation of Authority designating and authorizing certain persons to act on its behalf in connection with delivery of the specified
Aircraft. 
  

					
	P.A. No. 3194	  	B-4	  	
		  	BOEING PROPRIETARY	  	
		  	Page 14 of 139	  	

 ESCALATION ADJUSTMENT 
 AIRFRAME AND OPTIONAL FEATURES 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Supplemental Exhibit AEI to
Purchase Agreement Number 3194 
 (For Boeing Models 777-200LR, 777-F and 777-300ER: the Airframe Price 
 Includes the Engine Price at its basic thrust level.) 
  

					
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 1. Formula. 
 Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by
Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: 
 Pa = (P) (L + M) - P 
 Where: 
  

			
	 Pa =
	  	Airframe Price Adjustment.
		
	 P =
	  	Airframe Price (For Models 777-200LR, 777-FREIGHTER, and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) plus the price of the Optional Features (as set
forth in Table 1 of this Purchase Agreement).
		
	 L =
	  	.65 x [(ECI x (ECI-R
		  	            ECIb)    ECI-Rb)]
		
		  	Where:
		
		  	ECIb is the base year airframe escalation index ([***] as set forth in Table 1 of this
Purchase Agreement);
		
		  	ECI is the three-month arithmetic average value of [***] for October, November, and December [***], using ECI –MFG (BLS Series ID ECU124021);
		
		  	ECI-Rb is the three-month arithmetic average value of 100.0 for October, November, and
December [***], using the ECI – NAICS Manufacturing (BLS Series ID CIU2013000000000I); and
		
		  	ECI-R is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, Employment Cost Index for NAICS Manufacturing – Total Compensation (BLS Series ID
CIU20130000000001), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth)

  

					
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		  	using the values for the 11th, 12th, and 13th months prior to the month of scheduled delivery of the applicable
Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February, and March; the value released for the second quarter will be used for
the months of April, May, and June; the value released for the third quarter will be used for the months of July, August, and September; the value released for the fourth quarter will be used for the months of October, November, and
December.
		
	 M =
	  	.35 x (CPI
		  	          CPIb)
		
		  	Where:
		
		  	CPIb is the base year airframe escalation index ([***] as set forth in Table 1 of this
Purchase Agreement); and
		
		  	CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index –All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a 3-month
arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th,
12th, and 13th months prior to the month of
scheduled delivery of the applicable Aircraft.

 As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June,
July, and August of the preceding year will be utilized in determining the value of ECI-R and CPI. 
  

	Note:	i. In determining the values of L and M, all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth. 

 ii. .65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula. 
 iii. .35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula. 
  

					
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 iv. The denominators (base year indices) are the
actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest
tenth) using the values for the 11th, 12th, and
13th months prior to the airframe base year. The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this
Purchase Agreement. 
 v. The final value of Pa will be rounded to the nearest dollar. 
 vi. The Airframe Price Adjustment
will not be made if it will result in a decrease in the Aircraft Basic Price. 
 2. Values to be Utilized in the Event of
Unavailability. 
 2.1 If the Bureau of Labor Statistics substantially revises the methodology used for the determination
of the values to be used to determine the ECI-R and CPI values (in contrast to benchmark adjustments or other corrections of previously released values), or for any reason has not released values needed to determine the applicable Airframe Price
Adjustment, the parties will, prior to the delivery of any such Aircraft, select a substitute from other Bureau of Labor Statistics data or similar data reported by non-governmental organizations. Such substitute will result in the same adjustment,
insofar as possible, as would have been calculated utilizing the original values adjusted for fluctuation during the applicable time period. However, if within 24 months after delivery of the Aircraft, the Bureau of Labor Statistics should resume
releasing values for the months needed to determine the Airframe Price Adjustment, such values will be used to determine any increase or decrease in the Airframe Price Adjustment for the Aircraft from that determined at the time of delivery of the
Aircraft. 
 2.2 Notwithstanding Article 2.1 above, if prior to the scheduled delivery month of an Aircraft the Bureau of
Labor Statistics changes the base year for determination of the ECI-R and CPI values as defined above, such re-based values will be incorporated in the Airframe Price Adjustment calculation. 
 2.3 In the event escalation provisions are made non-enforceable or otherwise rendered void by any agency of the United States Government,
the parties agree, to the extent they may lawfully do so, to equitably adjust the Aircraft Price of any affected Aircraft to reflect an allowance for increases or decreases consistent with the applicable provisions of paragraph 1 of this
Supplemental Exhibit AE1 in labor compensation and material costs occurring since August of the year prior to the price base year shown in the Purchase Agreement. 
 2.4 If within 12 months of Aircraft delivery, the published index values are revised due to an acknowledged error by the Bureau of Labor
Statistics, the Airframe Price Adjustment will be re-calculated using the revised index values (this does not include those values noted as preliminary by the Bureau of Labor Statistics). A credit 

  

					
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memorandum or supplemental invoice will be issued for the Airframe Price Adjustment difference. Interest charges will not apply for the period of original
invoice to issuance of credit memorandum or supplemental invoice. 
  

	Note:	i. The values released by the Bureau of Labor Statistics and available to Boeing 30 days prior to the first day of the scheduled delivery month of an Aircraft will be used to
determine the ECI-R and CPI values for the applicable months (including those noted as preliminary by the Bureau of Labor Statistics) to calculate the Airframe Price Adjustment for the Aircraft invoice at the time of delivery. The values will be
considered final and no Airframe Price Adjustments will be made after Aircraft delivery for any subsequent changes in published Index values, subject always to paragraph 2.4 above. 

 ii. The maximum number of digits to the right of the decimal after rounding utilized in any part of the Airframe Price Adjustment equation will be 4,
where rounding of the fourth digit will be increased to the next highest digit when the 5th digit is equal to 5 or greater. 
  

					
	P.A. No. 3194	  	AE1-4	  	
		  	BOEING PROPRIETARY	  	
		  	Page 19 of 139	  	

 BUYER FURNISHED EQUIPMENT VARIABLES 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Supplemental Exhibit BFE1 to Purchase Agreement Number 3194 
  

					
	P.A. No. 3194	  	BFE1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 20 of 139	  	

 BUYER FURNISHED EQUIPMENT VARIABLES 
 relating to 
 BOEING MODEL AIRCRAFT 
 This Supplemental Exhibit BFE1 contains vendor selection dates, on-dock dates and other variables applicable to the Aircraft. 
  

	1.	Supplier Selection. Customer will: 

 1.1 Select and
notify Boeing of the suppliers and part numbers of the following BFE items by the following dates: 
 [***] 
  

	2.	On-dock Dates 

 Boeing will provide to Customer a BFE Requirements
On-Dock/Inventory Document (BFE Document) or an electronically transmitted BFE Report which may be periodically revised, setting forth the items, quantities, on-dock dates and shipping instructions relating to the in-sequence
installation of BFE. [***] 
  

	3.	Additional Delivery Requirements 

 Customer will insure that
Customer’s BFE suppliers provide sufficient information to enable Boeing, when acting as Importer of Record for Customer’s BFE, to comply with all applicable provisions of the U.S. Customs Service. 
  

					
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 Attachment 1 to Supplemental Exhibit BFE1 to Purchase Agreement Number 3194. 
  

							
	 Item
	  	Preliminary On-Dock Dates as noted	 
		  	[	***]	 	[	***]
	 [***]
	  	[	***]	 	[	***]

  

					
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 CUSTOMER SUPPORT VARIABLES 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Supplemental Exhibit CS1 to Purchase Agreement Number 3194 
  

					
	P.A. No. 3194	  	CS1-1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 23 of 139	  	

 CUSTOMER SUPPORT DOCUMENT 
 relating to 
 BOEING MODEL 777-FREIGHTER AIRCRAFT 
 [***] 
  

	1.	Maintenance Training. 

  

	 	1.1	Maintenance Training Minor Model Differences Course, if required, covering operational, structural or systems differences between Customer’s newly-purchased Aircraft and an
aircraft of the same model currently operated by Customer; 1 class of 15 students; 

  

	 	1.2	Training materials, if applicable, will be provided to each student. In addition, one set of training materials as used in Boeing’s training program, including visual aids,
text and graphics will be provided for use in Customer’s own training program. 

  

	2.	Flight Training. 

 Boeing will provide, if required,
one classroom course to acquaint up to 15 students with operational, systems and performance differences between Customer’s newly-purchased Aircraft and an aircraft of the same model currently operated by Customer. 
 Any training materials used in Flight Training, if required, will be provided for use in Customer’s own training program. 
  

	3.	Planning Assistance. 

  

	 	3.1	Maintenance and Ground Operations. 

 Upon request,
Boeing will provide planning assistance regarding Minor Model Differences requirements for facilities, tools and equipment. 
  

	 	3.2	Spares. 

 Boeing will revise, as applicable, the
customized Recommended Spares Parts List (RSPL) and Illustrated Parts Catalog (IPC). 
  

	4.	Technical Data and Documents. 

 Boeing will revise,
as applicable, technical data and documents provided with previously delivered aircraft. 
  

					
	P.A. No. 3194	  	CS1-1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 24 of 139	  	

 ENGINE ESCALATION, 
 ENGINE WARRANTY AND [***] 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Supplemental Exhibit EE 1 to Purchase Agreement Number 3194

  

					
	P.A. No. 3194	  	EE1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 25 of 139	  	

 ENGINE ESCALATION, 
 ENGINE WARRANTY AND [***] 
 relating to 
 BOEING MODEL 777-FREIGHTER AIRCRAFT 
 1. ENGINE ESCALATION. No separate engine escalation
methodology is defined for the 777-FREIGHTER Aircraft. Pursuant to the AGTA, the engine prices for these Aircraft are included in and will be escalated in the same manner as the Airframe. 
 2. ENGINE WARRANTY AND PRODUCT SUPPORT PLAN. Boeing has obtained from General Electric Company (GE) GE’s guarantee that GE will extend directly to Customer
GE’s warranty, special guarantees and product support services (hereinafter collectively referred to as the “Warranty”); subject, however, to Customer’s acceptance of the conditions set forth in the Warranty. 
 In consideration for Boeing’s having obtained GE’s guarantee to provide the Warranty directly to the Customer, Customer hereby releases and discharges Boeing
from any and all claims, obligations and liabilities whatsoever arising out of the purchase or use of such Engines and Customer hereby waives, releases and renounces all its rights in all such claims, obligations and liabilities. THE WARRANTY GE
EXTENDS DIRECTLY TO CUSTOMER IS EXCLUSIVE, AND IS IN LIEU OF ALL OTHER WARRANTIES WHETHER WRITTEN, ORAL OR IMPLIED. THERE ARE NO IMPLIED WARRANTIES OF FITNESS OR MERCHANTABILITY. 
  

					
	P.A. No. 3194	  	EE1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 26 of 139	  	

 SERVICE LIFE POLICY COMPONENTS 
 between 
 THE BOEING COMPANY 
 and 
 LAN AIRLINES S.A. 
 Supplemental Exhibit SLP 1 to Purchase Agreement Number 3194 
  

					
	P.A. No. 3194	  	SLP1	  	
		  	BOEING PROPRIETARY	  	
		  	Page 27 of 139	  	

 [***] SERVICE LIFE COMPONENTS 
 relating to 
 BOEING MODEL 777 AIRCRAFT 
 This is the listing of [***] Components for the Aircraft which relate to Part 3, Boeing Service Life Policy of Exhibit C, Product Assurance Document to the
AGTA and is a part of Purchase Agreement No. 3194. 
  

	1.	Wing. 

  

	 	(a)	Upper and lower wing skins and stiffeners between the forward and rear wing spars. 

  

	 	(b)	Wing spar webs, chords and stiffeners. 

  

	 	(c)	Inspar wing ribs. 

  

	 	(d)	Inspar splice plates and fittings. 

  

	 	(e)	Main landing gear support structure. 

  

	 	(f)	Wing center section lower beams, spanwise beams and floor beams, but not the seat tracks attached to the beams. 

  

	 	(g)	Wing-to-body structural attachments. 

  

	 	(h)	Engine strut support fittings attached directly to wing primary structure. 

  

	 	(i)	Support structure in the wing for spoilers and spoiler actuators; for aileron hinges and reaction links; and for leading edge devices and trailing edge flaps.

  

	 	(j)	Leading edge device and trailing edge flap support system. 

  

	 	(k)	Aileron leading edge device and trailing edge flap internal, fixed attachment and actuator support structure. 

  

	2.	Body. 

  

	 	(a)	External surface skins and doublers, longitudinal stiffeners, longerons and circumferential rings and frames between the forward pressure bulkhead and the vertical stabilizer rear
spar bulkhead, and structural support and enclosure for the APU but excluding all system components and related installation and connecting devices, insulation, lining, and decorative panels and related installation and connecting devices.

  

	 	(b)	Window and windshield structure but excluding the windows and windshields. 

  

					
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	2.	Body, continued 

  

	 	(c)	Fixed attachment structure of the passenger doors, cargo doors and emergency exits, excluding door mechanisms and movable hinge components. Sills and frames around the body openings
for the passenger doors, cargo doors and emergency exits, excluding scuff plates and pressure seals. 

  

	 	(d)	Nose wheel well structure, including the wheel well walls, pressure deck, forward and aft bulkheads, and the gear support structure. 

  

	 	(e)	Main gear wheel well structure including pressure deck, bulkheads and landing gear beam support structure. 

  

	 	(f)	Floor beams and support posts in the control cab and passenger cabin area, but excluding seat tracks. 

  

	 	(g)	Forward and aft pressure bulkheads. 

  

	 	(h)	Keel structure between the wing front spar bulkhead and the main gear wheel well aft bulkhead, including splices. 

  

	 	(i)	Wing front and rear spar support bulkheads, and vertical and horizontal stabilizer front and rear spar support bulkheads including terminal fittings but excluding all system
components and related installation and connecting devices, insulation, lining, and decorative panels and related installation and connecting devices. 

  

	 	(j)	Support structure in the body for the stabilizer pivot and stabilizer screw. 

  

	3.	Vertical Stabilizer. 

  

	 	(a)	External skins between front and rear spars. 

  

	 	(b)	Front and rear spars including stiffeners. 

  

	 	(c)	Attachment fittings between vertical stabilizer and body. 

  

	 	(d)	Inspar ribs. 

  

	 	(e)	Support structure in the vertical stabilizer for rudder hinges, reaction links and actuators. 

  

	 	(f)	Rudder internal, fixed attachment and actuator support structure. 

  

	 	(g)	[***] 

  

	4.	Horizontal Stabilizer. 

  

	 	(a)	External skins between front and rear spars. 

  

	 	(b)	Front and rear spars including splices and stiffeners. 

  

	 	(c)	Inspar ribs. 

  

					
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	4.	Horizontal Stabilizer., continued 

  

	 	(d)	Stabilizer [***], splice fittings and pivot and screw support structure. 

  

	 	(e)	Support structure in the horizontal stabilizer for the elevator hinges, reaction links and actuators. 

  

	 	(f)	Elevator internal, fixed attachment and actuator support structure. 

  

	 	(g)	Elevator hinges and supporting ribs, excluding bearings. 

  

	5.	Engine Strut. 

  

	 	(a)	Strut external surface skin and doublers and stiffeners. 

  

	 	(b)	Internal strut chords, frames and bulkheads. 

  

	 	(c)	Strut to wing fittings and diagonal brace. 

  

	 	(d)	Engine mount support fittings attached directly to strut structure. 

  

	 	(e)	For Aircraft equipped with General Electric or Pratt & Whitney engines only, the engine mounted support fittings. 

  

	6.	Main Landing Gear. 

  

	 	(a)	Outer cylinder. 

  

	 	(b)	Inner cylinder. 

  

	 	(c)	Upper and lower side strut, including spindles and universals. 

  

	 	(d)	Upper and lower drag strut, including spindles and universals. 

  

	 	(e)	Orifice support tube. 

  

	 	(f)	Downlock links including spindles and universals. 

  

	 	(g)	Torsion links. 

  

	 	(h)	Bogie beam. 

  

	 	(i)	Axles. 

  

	 	(j)	Steering crank arm. 

  

	 	(k)	Steering rod. 

  

	7.	Nose Landing Gear. 

  

	 	(a)	Outer cylinder. 

  

	 	(b)	Inner cylinder, including axles. 

  

					
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	 	(c)	Orifice support tube. 

  

	7.	Nose Landing Gear, continued 

  

	 	(d)	Upper and lower drag strut, including lock links. 

  

	 	(e)	Steering plates and steering collar. 

  

	 	(f)	Torsion links. 

  

	 	(g)	Actuator support beam and hanger. 

  

			
	 NOTE: 
	  	The Service Life Policy does not cover any bearings, bolts, bushings, clamps, brackets, actuating mechanisms or latching mechanisms used in or on the [***] Components.

  

					
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		  	BOEING PROPRIETARY	  	
		  	Page 31 of 139	  	

 3194-01 
 LAN Airlines S.A.

 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes 
 Santiago, Chile 
  

			
	 Subject:
	  	Spare Parts Initial Provisioning
		
	 Reference: 
	  	 a)      Purchase Agreement No. 3194 (the Purchase Agreement) between The Boeing Company
(Boeing) and LAN Airlines S.A. (Customer) relating to Model 777-FREIGHTER aircraft (the Aircraft)

		
		  	 b)      Customer Services General Terms Agreement No. 16-1 (CSGTA) between Boeing and
Customer

 This letter agreement (Letter Agreement) is entered into on the date below and amends and
supplements the CSGTA. All capitalized terms used but not defined in this Letter Agreement have the same meaning as in the CSGTA, except for “Aircraft” which will have the meaning as defined in the Purchase Agreement. 
 In order to define the process by which Boeing and Customer will (i) identify those Spare Parts and Standards critical to Customer’s successful introduction of
the Aircraft into service and its continued operation, (ii) place Orders under the provisions of the CSGTA as supplemented by the provisions of this Letter Agreement for those Spare Parts and Standards, and (iii) manage the return of
certain of those Spare Parts which Customer does not use, the parties agree as follows. 
  

	1.	Definitions. 

 “Provisioning Data” means the
documentation provided by Boeing to Customer, including but not limited to the Recommended Spare Parts List (RSPL), identifying all Boeing initial provisioning requirements for the Aircraft. 
 “Provisioning Items” means the Spare Parts and Standards identified by Boeing as initial provisioning requirements in support of the Aircraft, excluding
special tools, ground support equipment (GSE), engines and engine parts. 
 “Provisioning Products Guide” means the
Boeing Manual D6-81834 entitled “Spares Provisioning Products Guide”. 
  

					
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	 Spare_Parts_Initial_Provisioning
	  		  	
		  	Page 32 of 139	  	

					
	3194-01	  		  	
	Page 2	  		  	

  

	2.	Phased Provisioning. 

 2.1 Provisioning Products
Guide. Prior to the initial provisioning meeting Boeing will furnish to Customer a copy of the Provisioning Products Guide. 
 2.2
Initial Provisioning Meeting. On or about twelve (12) months prior to delivery of the first Aircraft the parties will conduct an initial provisioning meeting where the procedures, schedules, and requirements for training will be
established to accomplish phased provisioning of Spare Parts and Standards for the Aircraft in accordance with the Provisioning Products Guide. If the lead time from execution of the Purchase Agreement until delivery of the first Aircraft is less
than twelve (12) months, the initial provisioning meeting will be established as soon as reasonably possible after execution of the Purchase Agreement. 
 2.3 Provisioning Data. During the initial provisioning meeting Customer will provide to Boeing the operational parameter information described in Chapter 6 of the Provisioning Products Guide. After review and
acceptance by Boeing of such Customer information, Boeing will prepare the Provisioning Data. Such Provisioning Data will be furnished to Customer on or about ninety (90) days after Boeing finalizes the engineering drawings for the Aircraft.
The Provisioning Data will be as complete as possible and will cover Provisioning Items selected by Boeing for review by Customer for initial provisioning of Spare Parts and Standards for the Aircraft. Boeing will furnish to Customer revisions to
the Provisioning Data until approximately ninety (90) days following delivery of the last Aircraft or until the delivery configuration of each of the Aircraft is reflected in the Provisioning Data, whichever is later. 
 2.4 Buyer Furnished Equipment (BFE) Provisioning Data. Unless otherwise advised by Boeing, Customer will provide or insure its BFE
suppliers provide to Boeing the BFE data in scope and format acceptable to Boeing, in accordance with the schedule established during the initial provisioning meeting. 
  

	3.	Purchase from Boeing of Spare Parts and Standards as Initial Provisioning for the Aircraft. 

 3.1 Schedule. In accordance with schedules established during the initial provisioning meeting, Customer may place Orders for Provisioning Items
and any GSE, special tools, QEC kits, or engine spare parts which Customer determines it will initially require for maintenance, overhaul and servicing of the Aircraft and/or engines. 
  

					
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		  	Page 33 of 139	  	

					
	3194-01	  		  	
	Page 3	  		  	

  
 3.2 Prices of
Initial Provisioning Spare Parts. 
 3.2.1 Boeing Spare Parts. The Provisioning Data will set forth the prices for
those Provisioning Items other than items listed in Article 3.3, below, that are Boeing Spare Parts, and such prices will be firm and remain in effect for ninety (90) days from the date the price is first quoted to Customer in the Provisioning
Data. 
 3.2.2 Supplier Spare Parts. Boeing will provide estimated prices in the Provisioning Data for Provisioning
Items other than items listed in Article 3.3, below, that are Supplier Spare Parts. The price to Customer for any Supplier Spare Parts that are Provisioning Items or for any items ordered for initial provisioning of GSE, special tools manufactured
by suppliers, or engine spare parts will be one hundred twelve percent (112%) of the supplier’s list price for such items. 
 3.3 QEC Kits, Standards Kits, Raw Material Kits, Bulk Materials Kits and Service Bulletin Kits. In accordance with schedules established during the initial provisioning meeting, Boeing will furnish to Customer a listing of all
components which could be included in the quick engine change (QEC) kits, Standards kits, raw material kits, bulk materials kits and service bulletin kits which may be purchased by Customer from Boeing. Customer will select, and
provide to Boeing its desired content for the kits. Boeing will furnish to Customer as soon as practicable thereafter a statement setting forth a firm price for such kits. Customer will place Orders with Boeing for the kits in accordance with
schedules established during the initial provisioning meeting. 
  

	4.	Delivery. 

 For Spare Parts and Standards ordered by Customer in
accordance with Article 3 of this Letter Agreement, Boeing will, insofar as reasonably possible, deliver to Customer such Spare Parts and Standards on dates reasonably calculated to conform to Customer’s anticipated needs in view of the
scheduled deliveries of the Aircraft. Customer and Boeing will agree upon the date to begin delivery of the provisioning Spare Parts and Standards ordered in accordance with this Letter Agreement. Where appropriate, Boeing will arrange for shipment
of such Spare Parts and Standards which are manufactured by suppliers directly to Customer from the applicable supplier’s facility. The routing and method of shipment for initial deliveries and all subsequent deliveries of such Spare Parts and
Standards will be as established at the initial provisioning meeting and thereafter by mutual agreement. 
  

	5.	Substitution for Obsolete Spare Parts. 

 5.1
Obligation to Substitute Pre-Delivery. In the event that, [***] delivery of the first Aircraft, any Spare Part purchased by Customer from Boeing in accordance with this Letter Agreement as initial provisioning for 

  

					
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		  	Page 34 of 139	  	

					
	3194-01	  		  	
	Page 4	  		  	

  
 
the Aircraft is rendered obsolete or unusable due to the redesign of the Aircraft or of any accessory, equipment or part thereof (other than a redesign at
Customer’s request) Boeing will deliver to Customer at no charge new and usable Spare Parts in substitution for such obsolete or unusable Spare Parts and, upon such delivery, Customer will return the obsolete or unusable Spare Parts to Boeing.

 5.2 Delivery of Obsolete Spare Parts and Substitutes. Obsolete or unusable Spare Parts returned by Customer pursuant to this
Article 5 will be delivered to Boeing [***] at its Seattle Distribution Center or such other destination as Boeing may reasonably designate. Spare Parts substituted for such returned obsolete or unusable Spare Parts will be delivered to Customer in
accordance with the CSGTA. Boeing will pay the freight charges for the shipment from Customer to Boeing of any such obsolete or unusable Spare Part and for the shipment from Boeing to Customer of any such substitute Spare Part. 
  

	6.	Repurchase of Provisioning Items. 

 6.1
Obligation to Repurchase. During a period commencing one (1) year after delivery of the first Aircraft, and ending five (5) years after such delivery, Boeing will, upon receipt of Customer’s written request and subject to the
exceptions in Article 6.2, repurchase unused and undamaged Provisioning Items which (i) were recommended by Boeing in the Provisioning Data as initial provisioning for the Aircraft, (ii) were purchased by Customer from Boeing, and
(iii) are surplus to Customer’s needs. 
 6.2 Exceptions. Boeing will not be obligated under Article 6.1 to repurchase any
of the following: (i) quantities of Provisioning Items in excess of those quantities recommended by Boeing in the Provisioning Data for the Aircraft, (ii) QEC kits, bulk material kits, raw material kits, service bulletin kits, Standards
kits and components thereof (except those components listed separately in the Provisioning Data), (iii) Provisioning Items for which an Order was received by Boeing more than five (5) months after delivery of the last Aircraft,
(iv) Provisioning Items which have become obsolete or have been replaced by other Provisioning Items as a result of Customer’s modification of the Aircraft, and (v) Provisioning Items which become excess as a result of a change in
Customer’s operating parameters, as provided to Boeing pursuant to the initial provisioning meeting and which were the basis of Boeing’s initial provisioning recommendations for the Aircraft. 
 6.3 Notification and Format. Customer will notify Boeing, in writing when Customer desires to return Provisioning Items under the provisions of
this Article 6. Customer’s notification will include a detailed summary, in part number sequence, of the Provisioning Items Customer desires to return. Such summary will be in the form of listings, tapes, diskettes or other media as may be
mutually agreed between Boeing and Customer and will include part number, nomenclature, purchase order number, purchase order date and quantity to be 

  

					
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	3194-01	  		  	
	Page 5	  		  	

  
 
returned. Within five (5) business days after receipt of Customer’s notification, Boeing will advise Customer in writing when Boeing’s review
of such summary will be completed. 
 6.4 Review and Acceptance by Boeing. Upon completion of Boeing’s review of any detailed
summary submitted by Customer pursuant to Article 6.3, Boeing will issue to Customer a Material Return Authorization (MRA) for those Provisioning Items Boeing agrees are eligible for repurchase in accordance with this Article 6. Boeing
will advise Customer of the reason that any Provisioning Item included in Customer’s detailed summary is not eligible for return. Boeing’s MRA will state the date by which Provisioning Items listed in the MRA must be redelivered to Boeing,
and Customer will arrange for shipment of such Provisioning Items accordingly. 
 6.5 Price and Payment. The price of each
Provisioning Item repurchased by Boeing pursuant to this Article 6 will be an amount equal to 100% of the original invoice price thereof except that the repurchase price of Provisioning Items purchased pursuant to Article 3.2.2 will not include
Boeing’s 12% handling charge. Boeing will pay the repurchase price by issuing a credit memorandum in favor of Customer which may be applied against amounts due Boeing for the purchase of Spare Parts or Standards. 
 6.6 Delivery of Repurchased Provisioning Items. Provisioning Items repurchased by Boeing pursuant to this Article 6 will be delivered to Boeing
F.O.B. at its Seattle Distribution Center or such other destination as Boeing may reasonably designate. 
  

	7.	Title and Risk of Loss. 

 Title and risk of loss of any Spare Parts
or Standards delivered to Customer by Boeing in accordance with this Letter Agreement will pass from Boeing to Customer in accordance with the applicable provisions of the CSGTA. Title to and risk of loss of any Spare Parts or Standards returned to
Boeing by Customer in accordance with this Letter Agreement will pass to Boeing upon delivery of such Spare Parts or Standards to Boeing in accordance with the provisions of Article 5.2 or Article 6.6, herein, as appropriate. 
  

	8.	Termination for Excusable Delay. 

 In the event of termination of
the Purchase Agreement pursuant to Article 7 of the AGTA with respect to any Aircraft, such termination will, if Customer so requests by written notice received by Boeing within fifteen (15) days after such termination, also discharge and
terminate all obligations and liabilities of the parties as to any Spare Parts or Standards which Customer had ordered pursuant to the provisions of this Letter Agreement as initial provisioning for such Aircraft and which are undelivered on the
date Boeing receives such written notice. 
  

					
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		  	Page 36 of 139	  	

					
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	Page 6	  		  	

  

	9.	Order of Precedence. 

 In the event of any inconsistency between the
terms of this Letter Agreement and the terms of any other provisions of the CSGTA, the terms of this Letter Agreement will control. 
  

			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By: 	 	 
		 	[***]
	Its: 	 	Attorney-In-Fact
		 	

 ACCEPTED AND AGREED TO this              day of
July of 2007 
  

			
	LAN AIRLINES S.A.
		
	By: 	 	 
		 	Mr. Carlos Prado C.
	Its: 	 	Senior VP Corporate Investments
		
	By: 	 	 
		 	Mr. Andrés del Valle Eitel
	Its: 	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	 Spare_Parts_Initial_Provisioning
	  		  	
		  	Page 37 of 139	  	

 3194-02 
 LAN Airlines S.A.

 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes 
 Santiago, Chile 
  

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

 This Letter Agreement amends the Purchase Agreement. All terms used but not defined in this Letter Agreement have
the same meaning as in the Purchase Agreement. 
  

	1.	Aircraft Configuration. 

 1.1 Initial
Configuration. The initial configuration of Customer’s Model 777-FREIGHTER Aircraft has been defined by Boeing Model [***] as described in Article 1 and Exhibit A of the Purchase Agreement (the Aircraft Configuration).

 1.2 Final Configuration Schedule. Given the long period of time between the Purchase Agreement signing and delivery of the first
Aircraft, Customer may have the desire to incorporate certain configuration changes (Options) into the Aircraft Configuration. 
 1.2.1 No later than [***] prior to the first Aircraft’s scheduled delivery month, Boeing and Customer will discuss potential Options. 
 1.2.2 Within 90 days after the subparagraph 1.2.1 meeting, Boeing will provide Customer with Option proposals for those configuration
changes that can be incorporated in Aircraft production. 
 1.2.3 Customer will then have 30 days to accept or reject these
Options. 
 [***] 
  

					
	P.A. No. 3194	  		  	
	 Open_Configuration_Matters
	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 38 of 139	  	

					
	LAN Airlines S.A.	  		  	
	3194-02 Page 2	  		  	

  

	2.	Effect on Purchase Agreement. 

 2.1 Basic
Specification. Changes applicable to the basic Model 777-FREIGHTER aircraft which are developed by Boeing between the date of signing of the Purchase Agreement and completion of the final configuration review described in paragraph 1.2 above
will be incorporated into the Aircraft Configuration by written amendment. 
 2.2 Exhibit A. The effects of all Options which are
mutually agreed upon between Boeing and Customer for incorporation into the Aircraft Configuration will be incorporated into Exhibit A of the Purchase Agreement by written amendment. 
 2.3 Performance Guarantees. Within 90 days after Customer’s acceptance of any Options, Boeing will provide to Customer revisions to the
Performance Guarantees to reflect the effects, if any, of the incorporation of such Options on Aircraft performance. Such revisions will be incorporated by written amendment. 
 2.4 Price Adjustments. The Aircraft Basic Price and Advance Payment Base Price of each Aircraft included the amount [***] as an estimate of the
value of the Options and any related Seller Purchased Equipment which may be accepted and included in the final Aircraft Configuration. The Aircraft Basic Price and the Advance Payment Base Price of each Aircraft will be increased or decreased as
required to reflect the difference between such estimate and the actual prices of the Options accepted by Customer. 
  

	3.	Other Letter Agreements. 

 Boeing and Customer acknowledge that as
the definition of the Aircraft progresses, there may be a need to execute letter agreements addressing one or more of the following subjects: 
 3.1 [***] 
 3.2 [***] 
  

	4.	Purchase Agreement Amendment. 

 Within 30 days after reaching
agreement as to the final Aircraft Configuration, Boeing will provide Customer an amendment to the Purchase Agreement reflecting the effects of the configuration changes agreed to by the parties. 
  

					
	P.A. No. 3194	  		  	
	 Open_Configuration_Matters
	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 39 of 139	  	

					
	LAN Airlines S.A.	  		  	
	3194-02 Page 2	  		  	

  

	5.	Confidential Treatment 

 Customer understands that certain
commercial and financial information contained in this Letter Agreement is considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not, without the
prior written consent of Boeing, disclose this Letter Agreement or any information contained herein to any other person or entity. 
 If the foregoing
correctly sets forth your understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval below. 
 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By: 	 	 
		 	[***]
	Its:	 	Attorney-In-Fact
		 	

 ACCEPTED AND AGREED TO this              day of
July of 2007. 
  

			
	LAN AIRLINES S.A.
		
	By: 	 	 
		 	Mr. Carlos Prado C.
	Its:	 	Senior VP Corporate Investments
		
	By:	 	 
		 	Mr. Andrés del Valle Eitel
	Its:	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	 Open_Configuration_Matters
	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 40 of 139	  	

					
		  		  	
		  		  	

  
 Attachment 1 to Open
Configuration Matters 
 Letter Agreement 3194-02 
 Purchase Agreement No. 3194 
 [***] 
  

					
	P.A. No. 3194	  		  	
	Open_Configuration_Matters	  	BOEING PROPRIETARY	  	
		  	Page 41 of 139	  	

 3194-03 
 LAN Airlines S.A.

 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes 
 Santiago, Chile 
 Subject: [***] 
  

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

 This Letter Agreement amends and supplements the Purchase Agreement. All terms used but not defined in this Letter
Agreement have the same meaning as in the Purchase Agreement. 
 Definition of Terms: 
 [***] 
  

	1.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 42 of 139	  	

					
	LAN Airlines S.A.	  		  	
	3194-03 Page 2	  		  	

  

	2.	[***] 

 2.1 [***] 
 2.2 [***] 
  

	4.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 43 of 139	  	

					
	LAN Airlines S.A.	  		  	
	3194-03 Page 2	  		  	

  

	5.	[***] 

  

	6.	[***] 

  

	7.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 44 of 139	  	

					
	LAN Airlines S.A.	  		  	
	3194-03 Page 2	  		  	

  
 Very truly yours, 
 THE BOEING COMPANY 
  

			
		
	By:	 	 
		 	[***]

  

	Its:	Attorney-In-Fact 

 ACCEPTED AND AGREED TO this
             day of July of 2007. 
 LAN AIRLINES S.A. 
  

			
		
	By:	 	 
		 	 Mr. Carlos Prado C.

		
	Its:	 	 Senior VP Corporate Investments

		
	By:	 	 
		 	 Mr. Andrés del Valle Eitel

		
	Its:	 	 Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 45 of 139	  	

					
	6-1162-ILK-0270	  		  	
		  		  	

  
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes 
 Santiago, Chile 
  

			
	 Subject:
	  	[***]
		
	 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 (Aircraft)

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

	1.	[***] 

  

	2.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 46 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0270 Page 2	  		  	

  

	3.	[***] 

  

	4.	[***] 

  

	5.	[***] 

  

	6.	[***] 

  

					
	P.A. No. 3194	  		  	
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	LAN Airlines S.A.	  		  	
	6-1162-ILK-0270 Page 3	  		  	

  

	7.	[***] 

  

	8.	[***] 

  

	9.	[***] 

  

	10.	[***] 

  

	11.	[***] 

  

	12.	Confidential Treatment. 

 Customer understands that
certain commercial and financial information contained in this Letter Agreement is considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not,
without the prior written consent of Boeing, disclose this Letter Agreement or any information contained herein to any other person or entity. 
  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 48 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0270 Page 4	  		  	

  
 Very truly yours, 
 THE BOEING COMPANY 
  

			
		
	By:	 	 
		 	[***]

  

	Its:	Attorney-In-Fact 

 If the foregoing correctly sets forth your
understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
             day of July of 2007 
 LAN AIRLINES S.A. 
  

			
		
	By:	 	 
		 	 Mr. Carlos Prado C.

		
	Its:	 	 Senior VP Corporate Investments

		
	By:	 	 
		 	 Mr. Andrés del Valle Eitel

		
	Its:	 	 Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 49 of 139	  	

					
	6-1162-ILK-0271	  		  	
		  		  	

  
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes 
 Santiago, Chile 
  

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

 This Letter Agreement amends and supplements the Purchase Agreement. All terms used but not defined in this Letter
Agreement have the same meaning as in the Purchase Agreement. 
 [***] 
  

	1.0	[***] 

 1.1 [***] 
 1.2 [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 50 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0271 Page 2	  		  	

  
 [***] 
 1.3 [***] 
 1.4 [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 51 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0271 Page 3	  		  	

  
 [***] 
 1.5 [***] 
 1.6 [***] 
 1.7 [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 52 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0271 Page 4	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 53 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0271 Page 5	  		  	

  
 [***] 
  

	2.0	[***] 

 2.1. [***] 
 2.2 [***] 
  

	3.0	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 54 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0271 Page 6	  		  	

  
 Very truly yours, 
 THE BOEING COMPANY 
  

			
		
	By	 	 
		 	[***]
	Its:	 	 Attorney-In-Fact

 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated
above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
            day of July of 2007 
 LAN AIRLINES S.A. 
  

			
		
	By:	 	 
		 	 Mr. Carlos Prado C.

	Its:	 	 Senior VP Corporate Investments

		
	By:	 	 
		 	 Mr. Andrés del Valle Eitel

	Its:	 	 Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	[***]	  	BOEING PROPRIETARY	  	
		  	Page 55 of 139	  	

 Attachment A to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
		  		  	
		  	Page 56 of 139	  	

 Attachment A to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
		  		  	
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 Attachment A to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
		  		  	
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 [***] 
  

					
		  		  	
		  		  	
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 [***] 
  

					
		  		  	
		  		  	
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 [***] 
  

					
		  		  	
		  		  	
		  	Page 61 of 139	  	

 Attachment B to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
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 Attachment B to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 Attachment D to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 Attachment E to Letter Agreement 6-1162-ILK-0271 
 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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 [***] 
  

					
		  		  	
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		  	Page 101 of 139	  	

 The Boeing Company 
 P.O. Box 3707 
 Seattle, WA 98124-2207 
 6-1162-ILK-0272 
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes

 Santiago, Chile 
  

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

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

	1.	Definitions. 

 1.1 [***] 
 1.2 [***] 
  

					
	P.A. No. 3194	  		  	
	Promotional_Support_Agreement	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 102 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0272 Page 2	  		  	

  
 1.3 [***] 

1.4 [***] 
 1.5 [***] 
  

	2.	[***] 

  

	3.	[***] 

 3.1 [***] 
 3.2 [***] 
  

	4.	[***] 

  

					
	P.A. No. 3194	  		  	
	Promotional_Support_Agreement	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 103 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0272 Page 3	  		  	

  

	5.	[***] 

  

	6.	Confidentiality. 

 The commercial and financial information
contained in this Letter Agreement is considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not, without the prior written consent of Boeing,
disclose this Letter Agreement or any of the information contained herein. 
  

					
	P.A. No. 3194	  		  	
	Promotional_Support_Agreement	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 104 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0272 Page 4	  		  	

  
 Very truly yours, 
 THE BOEING COMPANY 
  

			
		
	By	 	 
		 	[***]
	Its:	 	Attorney-In-Fact

 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated
above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
             day of July of 2007 
 LAN AIRLINES S.A. 
  

			
	By:	 	 
		 	    Mr. Carlos Prado C.
	Its:	 	Senior VP Corporate Investments
		
	By:	 	 
		 	    Mr. Andrés del Valle Eitel
	Its:	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	Promotional_Support_Agreement	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 105 of 139	  	

 The Boeing Company 
 P.O. Box 3707 
 Seattle, WA 98124-2207 
 6-1162-ILK-0273 
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes

 Santiago, Chile 
  

			
	Subject:	  	Special Matters relating to COTS Software and End User License Agreements
		
	Reference:    	  	Purchase Agreement No. 3194 (the Purchase Agreement) between The Boeing Company (Boeing) and LAN Airlines S.A. (Customer)
relating to Model 777-FREIGHTER aircraft (Aircraft).

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All
terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. 
 Recitals 
 A. Certain third party, commercial off-the-shelf software products are available to perform various functions required in the Aircraft (COTS Software). 
 B. The industry practice with respect to COTS Software is to permit manufacturers to install the software in products for sale to customers. The manufacturer is required
to pass to the customer an End User License Agreement (EULA), which covers the right to use the COTS Software. The EULA’s also require each user of the product to further license the software and pass the EULA to any user
to whom he transfers the product. 
 C. Because of the described industry practice with respect to COTS Software, Boeing does not acquire title to COTS
Software and cannot pass title to COTS Software at the time of delivery of the Aircraft. 
 D. Therefore, the parties desire to amend certain provisions of
the Purchase Agreement to properly reflect the respective rights and obligations of the parties with respect to the COTS Software included in the Aircraft. 
 Agreement 
 1. At delivery of the Aircraft, Boeing will furnish to Customer copies of all EULA’s applicable to the Aircraft, and
Customer agrees to comply with all provisions of the applicable EULA’s. 
  

					
	P.A. No. 3194	  		  	
	EULA_Special_Matters	  		  	
		  		  	
		  	Page 106 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0273 Page 2	  		  	

  
 2. Notwithstanding the provisions of
Article 6.3 of the AGTA, at delivery of each Aircraft, Boeing will provide Customer a bill of sale conveying good title, free of encumbrances except as provided in applicable EULA’s. 
 3. In connection with any sale or other transfer of the Aircraft, Customer agrees to comply with all provisions of the applicable EULA’s, including without
limitation the re-licensing of the software to Customer’s transferee and the flow down within such license of the further requirement that Customer’s transferee comply with and flow to other transferees the obligations of the EULA.

  

					
	P.A. No. 3194	  		  	
	EULA_Special_Matters	  		  	
		  	Page 107 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0273 Page 3	  		  	

  

			
	Very truly yours,
	
	THE BOEING COMPANY
		
	BY	 	 
		 	[***]
	Its:	 	Attorney-In-Fact

 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated
above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
                 day of July of 2007 
 LAN AIRLINES S.A. 

 

			
	By:	 	 
		 	    Mr. Carlos Prado C.
	Its:	 	    Senior VP Corporate Investments
		
	By:	 	 
		 	    Mr. Andrés del Valle Eitel
	Its:	 	    Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	EULA_Special_Matters	  		  	
		  	Page 108 of 139	  	

 The Boeing Company 
 P.O. Box 3707 
 Seattle, WA 98124-2207 
 6-1162-ILK-0274 
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes

 Santiago, Chile 
  

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

 This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All
terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. 
 Boeing agrees to provide Customer with the
performance guarantees in the Attachment. These guarantees are exclusive and expire upon delivery of the Aircraft to Customer. 
 Customer agrees not to
disclose this Letter Agreement, attachments, or any other information related to this Letter Agreement without prior written consent by Boeing. 
  
  
  

			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 
		 	[***]
	Its:	 	    Attorney-In-Fact

  

					
	P.A. No. 3194	  		  	
	Performance_Guarantees	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 109 of 139	  	

					
	LAN Airlines S.A.	  		  	
	6-1162-ILK-0274 Page 2	  		  	

  
 If the foregoing correctly sets forth
your understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
                 day of July of 2007 
  

			
	LAN AIRLINES S.A.
		
	By:	 	 
		 	 Mr. Carlos Prado C.

	Its:	 	Senior VP Corporate Investments
		
	By:	 	 
		 	 Mr. Andrés del Valle Eitel

	Its:	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	Performance_Guarantees	  		  	
		  	BOEING PROPRIETARY	  	
		  	Page 110 of 139	  	

					
	Attachment to Letter Agreement	  		  	
	No. 6-1162-ILK-0274	  		  	
	GE90-110B1L Engines	  		  	
	Page 1	  		  	

  
 MODEL 777 FREIGHTER
PERFORMANCE GUARANTEES 
 FOR LAN AIRLINES S.A. 
  

			
	SECTION	  	CONTENTS
		  	[***]

  

					
	P.A. No. 3194	  		  	
	AERO-B-BBA4-M07-0238	  		  	
		  	Page 111 of 139	  	

					
	Attachment to Letter Agreement	  		  	
	No. 6-1162-ILK-0274	  		  	
	 GE90-110B1L Engines
 Page 2
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	AERO-B-BBA4-M07-0238	  		  	
		  	Page 112 of 139	  	

					
	Attachment to Letter Agreement	  		  	
	No. 6-1162-ILK-0274	  		  	
	GE90-110B1L Engines	  		  	
	Page 3	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	AERO-B-BBA4-M07-0238	  		  	
		  	Page 113 of 139	  	

					
	Attachment to Letter Agreement	  		  	
	No. 6-1162-ILK-0274	  		  	
	GE90-110B 1 L Engines	  		  	
	Page 4	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	AERO-B-BBA4-M07-0238	  	SS07-0161	  	
		  	Page 114 of 139	  	

					
	Attachment to Letter Agreement	  		  	
	No. 6-1162-ILK-0274	  		  	
	GE90-110B1L Engines	  		  	
	Page 5	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	AERO-B-BBA4-M07-0238	  		  	
		  	Page 115 of 139	  	

					
		  	Boeing Commercial Airplanes	  	
		  	P.O. Box 3707	  	
		  	Seattle, WA 98124-2207	  	

  
 6-1162-ILK-0275 
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 Piso 19 
 Las Condes 
 Santiago, Chile 
  

			
	Subject:	  	[***]
		
	References:    	  	 1)      Purchase Agreement No. 3194 (the Purchase Agreement) between The Boeing Company
(Boeing) and LAN Airlines S.A. (Customer) relating to Model 777-FREIGHTER aircraft (Aircraft)

		
		  	 2)      Aircraft General Terms Agreement dated as of the 9th of May of 1997 between the parties, identified
as AGTA-LAN (AGTA)

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

	1.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 116 of 139	  	

					
	Lan Airlines S.A.	  		  	
	[***] Letter Agreement: 6-1162-ILK-0275	  		  	
	Page 2	  		  	

  
 [***] 
  

	2.	[***] 

  

	3.	[***] 

  

	4.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 117 of 139	  	

					
	Lan Airlines S.A.	  		  	
	[***] Letter Agreement: 6-1162-ILK-0275	  		  	
	Page 3	  		  	

  

	5.	[***] 

  

	6.	Confidential Treatment 

 Customer and Boeing
understand that the information contained in this Letter Agreement is considered confidential. Each of Customer and Boeing agree to treat this Letter Agreement as confidential and will not, without the prior written consent of the other party,
disclose this Letter Agreement or any information contained herein to any third parties, other than as required by applicable law, by the Export Import Bank of the United States or by Fitch Ratings. 
  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 118 of 139	  	

					
	Lan Airlines S.A.	  		  	
	[***] Letter Agreement: 6-1162-ILK-0275	  		  	
	Page 4	  		  	

  

			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By	 	 
		 	[***]
	Its	 	Attorney-In-Fact

 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated
above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
             day of July of 2007 
  

			
	LAN AIRLINES S.A.
		
	By:	 	 
		 	Mr. Carlos Prado C.
	Its:	 	Senior VP Corporate Investments
		
	By:	 	 
		 	Mr. Andrés del Valle Eitel
	Its:	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 119 of 139	  	

					
		  	Boeing Commercial Airplanes	  	
		  	P.O. Box 3707	  	
		  	Seattle, WA 98124-2207	  	

  
 6-1162-ILK-0276 
 LAN Airlines S.A. 
 Avenida Presidente Riesco 5711 
 Piso 19 
 Las Condes 
 Santiago, Chile 
  

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

 This letter agreement (Letter Agreement), when accepted by Customer, will amend the Purchase
Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. 
  

	1.	[***] 

  

	 	1.1.	[***] 

  

	 	1.1.1.	[***] 

  

	 	1.1.2.	[***] 

  

	 	1.1.2.1.	[***] 

  

	 	1.1.2.2.	[***] 

  

	 	1.1.3.	[***] 

  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 120 of 139	  	

					
	 Lan Airlines S.A.
 [***]
 Letter Agreement: 6-1162-ILK-0276
 Page 2
	  		  	

  
 1.1.3.1. [***] 
 1.1.3.2. [***] 
 1.1.4. [***] 
 1.2. [***]

 1.3. [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 121 of 139	  	

					
	 Lan Airlines S.A.
 [***]
 Letter Agreement: 6-1162-ILK-0276
 Page 3
	  		  	

  
 1.4 [***] 

1.4.1 [***] 
 1.4.1.1 [***] 
 1.4.1.2 [***] 
 1.5 [***] 
  

	2.	Confidentiality. 

 Customer and Boeing understand
that the information contained in this Letter Agreement is considered confidential. Each of Customer and Boeing agree to treat this Letter Agreement as confidential and will not, without the prior written consent of the other party, disclose this
Letter Agreement or any information contained herein to any third parties, other than as required by applicable law, by the Export-Import Bank of the United States or by Fitch Ratings. 
  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 122 of 139	  	

					
	 Lan Airlines S.A.
 [***]
 Letter Agreement: 6-1162-ILK-0276
 Page 4
	  		  	

  

			
	Very truly yours,
	
	THE BOEING COMPANY
		
	By:	 	 
		 	[***]
	Its:	 	Attorney-In-Fact

 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters
treated above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
             day of July of 2007 
  

			
	LAN AIRLINES S.A.
		
	By:	 	 
		 	Mr. Carlos Prado C.
	Its:	 	Senior VP Corporate Investments
		
	By:	 	 
		 	Mr. Andrés del Valle Eitel
	Its:	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 123 of 139	  	

					
	 Lan Airlines S.A.
 [***]
 Letter Agreement: 6-1162-ILK-0276
 Page 5
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 124 of 139	  	

					
	 Lan Airlines S.A.
 [***]
 Letter Agreement: 6-1162-ILK-0276
 Page 6
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	
	[***]	  		  	
		  	Page 125 of 139	  	

					
		  	 Boeing Commercial Airplanes
 P.O. Box 3707
 Seattle, WA 98124-2207
	  	

  
 6-1162-ILK-0277 
 LAN Airlines S.A. 
 Av. Presidente Riesco 5711 
 Piso 19, Las Condes 
 SANTIAGO 
 CHILE 
  

			
	 Subject:
	  	[***]
		
	 Reference:    
	  	Purchase Agreement No. 3194 (the Purchase Agreement) between The Boeing Company (Boeing) and LAN Airlines S.A. (Customer) relating to Model 777-FREIGHTER Aircraft (Aircraft).

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

	1.	[***] 

  

					
	P.A. No. 3194	  		  	SS07-0346
	[***]	  		  	
		  	Page 126 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 2
	  		  	

  

	2.	[***] 

 2.1 [***] 
 2.2 [***] 
  

	3.	[***] 

 3.1 [***] 
 3.2 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 127 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 3
	  		  	

  

	[***]	

 3.3 [***] 
  

	4.	[***] 

  

	5.	[***] 

  

	6.	[***] 

 6.1 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 128 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 4
	  		  	

  
 [***] 
  

	 	6.2	[***] 

  

	 	6.3	[***] 

  

	 	6.4	[***] 

  

	 	6.5	[***] 

  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 129 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 5
	  		  	

  
 [***] 
  

	7.	[***] 

 7.1 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 130 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 6
	  		  	

  
 [***] 
 7.2 [***] 
 7.3. [***] 
 7.4 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 131 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 7
	  		  	

  

	8.	[***] 

  

	9.	[***] 

  

	10.	[***] 

  

	11.	Confidential Treatment. 

 Customer understands that
certain commercial and financial information contained in this Letter Agreement is considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not,
without the prior written consent of Boeing, disclose this Letter Agreement or any information contained herein to any other person or entity. 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 132 of 139	  	

					
	 LAN Airlines S.A.
 6-1162-ILK-0277
 Page 8
	  		  	

  
 Very truly yours, 
  

			
	THE BOEING COMPANY
		
	By 	 	 
		 	[***]
	Its	 	Attorney-In-Fact

 If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated
above, please indicate your acceptance and approval. 
 ACCEPTED AND AGREED TO this
             day of July of 2007 
  

			
	LAN AIRLINES S.A.
		
	By: 	 	 
		 	Mr. Carlos Prado C.
	Its:	 	Senior VP Corporate Investments
		
	By:	 	 
		 	Mr. Andrés del Valle Eitel
	Its:	 	Corporate Finance Director

  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 133 of 139	  	

					
	 Attachment A to
 Letter Agreement
6-1162-ILK-0277
 Page 1
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 134 of 139	  	

					
	 Attachment A to
 Letter Agreement
6-1162-ILK-0277
 Page 2
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 135 of 139	  	

					
	 Attachment B to
 Letter Agreement
6-1162-ILK-0277
 Page 1
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 136 of 139	  	

					
	 Attachment B to
 Letter Agreement
6-1162-ILK-0277
 Page 1
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 137 of 139	  	

					
	 Attachment C to
 Letter Agreement
6-1162-ILK-0277
 Page 1
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 138 of 139	  	

					
	 Attachment C to
 Letter Agreement
6-1162-ILK-0277
 Page 1
	  		  	

  
 [***] 
  

					
	P.A. No. 3194	  		  	777 Freighter
	[***]	  		  	
		  	Page 139 of 139

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