Document:

Unassociated Document

    EMPLOYMENT
AGREEMENT

    

    This employment agreement (this
“Agreement”) dated as of June 22, 2010 (the “Effective Date”), is made by and
between Emerald Acquisition Corp., a Cayman Islands corporation (the “Company”)
and Mr. Adam Wasserman (the “Executive”) (collectively, the
“Parties”).

    

    WHEREAS,
the Company is a reporting company with the Securities and Exchange Commission
and intends to list its shares on a national exchange;

    

    WHEREAS, the Executive will have the
duties and responsibilities as described in Section 1 of the Agreement during
the period when the Executive is the Chief Financial Officer of the Company;
and

    

    WHEREAS, the Parties wish to establish
the terms of the Executive’s employment with the Company;

    

    NOW, THEREFORE, in consideration of the
foregoing, of the mutual promises contained herein and of other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties, intending to be legally bound, hereby agree as
follows:

    

    1.           EMPLOYMENT
AND TERM.

    

    (a)           Employment. During
the Employment Term, the Executive shall serve as Chief Financial Officer of the
Company. In this capacity the Executive shall be responsible to lead and manage
all of the operations of the Company that are related to finance and capital
market, including, but is not limited to:

    

    
      	
               
      

            	
              ·

            	
              Provide
      expertise in making financial and development plan/strategy and to advise
      the Board of Directors of the Company (the “BOD”) with respect to the
      Company’s internal controls and procedures, including disclosure controls
      and procedures;

            

    

    
      	
               
      

            	
              ·

            	
              Assist
      the Company and its management in dealing with auditing process and with
      the auditing firm including visiting the Company’s location during the
      audit process and helping the Company prepare and finalize the audit in a
      timely and efficient manner;

            

    

    
      	
               
      

            	
              ·

            	
              Assemble
      the Company’s annual and quarterly financial statements, which include a
      balance sheet, statement of operations, statement of stockholders’ equity,
      and a statement of cash flows and footnotes for specific periods in order
      to conform to generally accepting accounting principles accepting in the
      United States of America.   Additional, the Executive will
      assist management in the preparation of financial statements and work
      papers related to annual financial audits and quarterly SEC
      filings.  SEC filings shall include quarterly 10-Q reports
      financial portions of 10-K report, management’s discussion and analysis,
      8-K filings, and financial portion of registration
    statements;

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              ·

            	
              Work
      with the Company’s U.S. legal counsel and auditors to implement, monitor
      and oversee the Company’s compliance with the requirements of the
      Sarbanes-Oxley Act, Securities Act of the 1933, Exchange Act of the 1934,
      and the listing rules of any national exchange on which its shares become
      listed;

            

    

    
      	
               
      

            	
              ·

            	
              Assist
      management in any communications with the United States Securities and
      Exchange Commission;

            

    

    
      	
               
      

            	
              ·

            	
              Summarize
      such adjusting entries as management deems necessary to reflect
      non-monetary transactions (e.g., depreciation, capitalization of costs,
      loan amortization, intercompany transactions,
  etc.);

            

    

    
      	
               
      

            	
              ·

            	
              Assist
      in communications with the BOD including set up of board meetings,
      preparation for board meetings and any other board
  issues;

            

    

    
      	
               
      

            	
              ·

            	
              Assist
      the Company in performing financial analysis related to investors’
      questions;

            

    

    
      	
               
      

            	
              ·

            	
              With
      the Company’s Chief Executive Officer’s authorization, assist the
      management in the Company’s stock issuance and transfer related
      activities; and

            

    

    
      	
               
      

            	
              ·

            	
              Any
      general accounting and tax management of the Company’s business
      operation.

            

    

    

    (b)           During
the Employment Term, the Executive shall report directly to the Chief Executive
Officer and the BOD. The Executive shall lawfully obey the directions of the
Chief Executive Officer and the BOD to whom the Executive reports and shall use
his diligent efforts to promote the interests of the Company and to maintain and
promote the reputation thereof.

    

    (c)           During
the Employment Term, the Executive shall use his best efforts to perform his
duties under this Agreement and to accomplish the tasks assigned by the BOD. The
Executive shall strictly comply with national laws and regulations, and rules,
regulations, labor disciplines, work criterion and professional ethical codes
stipulated by the Company, and take good care of the Company’s
properties.

    

    2.           EMPLOYMENT
TERM.  Except for earlier termination as provided in Section 5,
the Executive’s employment under this Agreement shall be for one (1) years
starting on the Effective Date and ending on June 21, 2011 (the “Initial Term”).
Subject to Section 5, at the end of the Initial Term, this Agreement may be
extended for additional terms by mutual agreement of the parties (“Additional
Term”).  The amount of compensation payable to the Executive during
any extension of the Initial Term shall be discussed and agreed upon by both
parties 30 days before the Agreement termination date.  The Initial
Term and any Additional Term shall be referred to herein as the “Employment
Term.”

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
 

    3.           COMPENSATION.

    

    (a)           Base
Salary and Benefits. In consideration of the services to be rendered as provided
in Section 1 and during the term that Executive serves for the Company, the
Company hereby agrees to pay the Executive Sixty Thousand Dollars ($60,000) per
year, payable in equal monthly installments in accordance with the usual
practice of the Company, which includes an annual base salary, insurance, and
the subsidy of urban traffic, phone and other miscellaneous expenses (the “Base
Salary and Benefits”). The Executive’s Base Salary and Benefits shall be subject
to annual review by the BOD.  From the second year of the Employment
Term, the BOD may consider and determine certain increase of the Base Salary and
Benefits and to issue certain warrant to the Executive, which will be subject to
the annual assessment of the Executive’s performance and whether the Executive
has implemented his duties excellently in the past fiscal year.

    

    (b)           Shares.
In addition to the Base Salary, the Executive shall be granted ordinary shares
of the Company equal to $6,000 (the “Compensation Shares”) payable on the first
day of each quarter beginning November 1, 2010 (the “Share Payable Date”). The
per share price of the Compensation Shares shall be the closing bid price of the
Company’s ordinary shares on the date that is three (3) trading days prior to
the Share Payable Date.

    

    4.           BUSINESS
EXPENSES.  Upon presentation of appropriate documentation, the
Executive shall be reimbursed for all reasonable and necessary transportation
and lodging expenses incurred in connection with the performance of his duties
hereunder, all in accordance with the Company’s expense reimbursement policy
applicable to senior executives from time to time in effect, including but not
limited to, (i) the requirement to buy economic class plane ticket; and (ii) the
requirement to be accommodated in no better than four stars hotels during
business trips.

    

    5.           EARLY
TERMINATION.  The Executive’s employment and the Employment
Term shall terminate on the first of the following to occur:

    

    (a)           Disability.  The
thirtieth (30th) day
following a written notice of termination by the Company to the Executive due to
Disability. For purposes of this Agreement, “Disability” shall mean a
determination  by the Company in accordance with applicable law that
due to a physical or mental injury, infirmity or incapacity, the Executive is
unable to perform the essential functions of his job with or without
accommodation for 60 days (whether or not consecutive) during any 12-month
period.

    

    (b)           Cause.  Immediately
upon written notice of termination by the Company to the Executive for Cause.
“Cause” shall mean, as determined by the BOD (or its designee) (1) conduct by
the Executive in connection with his employment duties or responsibilities that
is fraudulent, unlawful or grossly negligent; (2) the willful misconduct of the
Executive; (3) the willful and continued failure of the Executive to perform the
Executive’s duties with the Company (other than any such failure resulting from
incapacity due to physical or mental illness); (4) the commission by the
Executive of any felony or any crime involving moral turpitude; (5) violation of
any material policy of the Company or any material provision of the Company’s
code of conduct, employee handbook or similar documents; or (6) any material
breach by the Executive of any provision of this Agreement or any other written
agreement entered into by the Executive with the Company.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
 

    (c)           Without
Cause.  On the thirtieth (30th) day following written notice by the
Company to the Executive without Cause, other than for Disability of the
Executive.  The Company may also terminate this Agreement for cause at
any time in the event of the failure of the Executive to perform duties assigned
by the Company in a correct, timely and expeditious manner or in the event of
material violation by the Executive of any term or condition of this
Agreement.

    

    6.           CONSEQUENCES
OF TERMINATION.

    

    (a)           Disability.  Upon
termination of the Employment Term because of the Executive’s Disability, the
Company shall pay or provide to the Executive (1) any unpaid Base Salary and
Benefits accrued through the date of termination; and (2) reimbursement for any
unreimbursed expenses properly incurred through the date of
termination.

    

    (b)           Termination
for Cause. Upon the termination of the Employment Term by the Company for Cause
or by either party in connection with a failure to renew this Agreement, the
Company shall pay to the Executive any reimbursement for any unreimbursed
expenses properly incurred through the date of termination.

    

    (c)           Termination
without Cause.  Upon the termination of the Employment Term by the
Company without Cause, the Company shall pay to the Executive any reimbursement
for any unreimbursed expenses properly incurred through the date of
termination.

    

    7.           NO ASSIGNMENT.  This
Agreement is personal to each of the Parties.  Except as provided
below, no Party may assign or delegate any rights or obligations hereunder
without first obtaining the written consent of the other Party hereto; provided, however, that the
Company may assign this Agreement to any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of
the business or assets of the Company.

    

    8.           NOTICES. For the purpose of
this Agreement, notices and all other communications provided for in this
Agreement shall be in writing and shall be deemed to have been duly given (1) on
the date of delivery if delivered by hand, (2) on the date of transmission, if
delivered by confirmed facsimile, (3) on the first business day following the
date of deposit if delivered by guaranteed overnight delivery service, or (4) on
the fourth business day following the date delivered or mailed by United States
registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:

    

    If to the Executive:

    

    1643 Royal Grove Way

    Weston,
FL 33327

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    If to the Company:

    

    Emerald Acquisition
Corp.

    No. 48 South Qingshui
Road

    Laiyang City, Shandong
265200

    People’s Republic of
China

    

    With a copy (which does not constitute
a notice) to:

    

    Anslow & Jaclin, LLP

    195 Route 9 South, Suite
204

    Manalapan, New Jersey,
07726

    Attention: Kristina L. Trauger,
Esq.

    Tel.: (732) 409-1212

    Fax: (732) 577-1188

    

    or to
such other address as either Party may have furnished to the other in writing in
accordance herewith, except that notices of change of address shall be effective
only upon receipt.

    

    9.           PROTECTION
OF THE COMPANY'S BUSINESS.

    

    (a)           Confidentiality.  The
Executive acknowledges that during the course of his employment by the Company
(prior to and during the Employment Term) he has and will occupy a position of
trust and confidence. No information of the Company may be disclosed by the
Executive without prior consent of the BOD regarding disclosure.  The
Executive shall hold in a fiduciary capacity for the benefit of the Company and
shall not disclose to others or use, whether directly or indirectly, any
Confidential Information regarding the Company, except (i) as in good faith
deemed necessary by the Executive to perform his duties hereunder, (ii) to
enforce any rights or defend any claims hereunder, provided that such disclosure
is relevant to the enforcement of such rights or defense of such claims and is
only disclosed in the formal proceedings related thereto, (iii) when required to
do so by a court of law, by any governmental agency having supervisory authority
over the business of the Company or by any administrative or legislative body
(including a committee thereof) with jurisdiction to order him to divulge,
disclose or make accessible such information, provided that the Executive
shall give prompt written notice to the Company of such requirement, disclose no
more information than is so required, and cooperate with any attempts by the
Company to obtain a protective order or similar treatment.  The
Executive shall take all reasonable steps to safeguard the Confidential
Information and to protect it against disclosure, misuse, espionage, loss and
theft.  The Executive understands and agrees that the Executive shall
acquire no rights to any such Confidential Information. “Confidential
Information” shall mean information about the Company, its subsidiaries and
affiliates, and their respective clients and customers that is not disclosed by
the Company and that was learned by the Executive in the course of his
employment by the Company, including, but not limited to, any proprietary
knowledge, trade secrets, data and databases, formulae, sales, financial,
marketing, training and technical information, client, customer, supplier and
vendor lists, competitive strategies, computer programs and all papers, resumes,
and records (including computer records) of the documents containing such
Confidential Information.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
 

    (b)           Non-Competition.  Except
authorized by the BOD, during the Employment Term and for the one-year period
following the termination of the Executive’s employment for any reason (the
“Restricted Period”), the Executive shall not, directly or indirectly, without
the prior written consent of the Company, provide employment (including
self-employment), directorship, consultative or other services to any business,
individual, partner, firm, corporation, or other entity that competes with any
business conducted by the Company or any of its subsidiaries or affiliates on
the date of the Executive’s termination of employment or within one year of the
Executive’s termination of employment in the geographic locations where the
Company and its subsidiaries or affiliates engage or propose to engage in such
business (the “Business”). Nothing herein shall prevent the Executive from
having a passive ownership interest of not more than 2% of the outstanding
securities of any entity engaged in the Business whose securities are traded on
a national securities exchange.

    

    (c)           Non-Solicitation
of Employees. The Executive recognizes that he possesses and will possess
confidential information about other employees of the Company and its
subsidiaries and affiliates relating to their education, experience, skills,
abilities, compensation and benefits, and inter-personal relationships with
customers of the Company and its subsidiaries and affiliates. The Executive
recognizes that the information he possesses and will possess about these other
employees is not generally known, is of substantial value to the Company and its
subsidiaries and affiliates in developing their business and in securing and
retaining customers, and has been and will be acquired by him because of his
business position with the Company. The Executive agrees that, during the
Restricted Period, he will not, directly or indirectly, (i) solicit or
recruit any employee of the Company or any of its subsidiaries or affiliates (a
“Current Employee”) or any person who was an employee of the Company or any of
its subsidiaries or affiliates during the twelve (12) month period immediately
prior to the date the Executive's employment terminates (a “Former Employee”)
for the purpose of being employed by him or any other entity, or (ii) hire any
Current Employee or Former Employee.

    

    (d)           Non-Solicitation
of Customers.  The Executive agrees that, during the Restricted
Period, he will not, directly or indirectly, solicit or attempt to solicit (i)
any party who is a customer or client of the Company or its subsidiaries, who
was a customer or client of the Company or its subsidiaries at any time during
the twelve (12) month period immediately prior to the date the Executive's
employment terminates or who is a prospective customer or client that has been
identified and targeted by the Company or its subsidiaries for the purpose of
marketing, selling or providing to any such party any services or products
offered by or available from the Company or its subsidiaries, or (ii) any
supplier or vendor to the Company or any subsidiary to terminate, reduce or
alter negatively its relationship with the Company or any subsidiary or in any
manner interfere with any agreement or contract between the Company or any
subsidiary and such supplier or vendor.

    

    (e)           Property.  The
Executive acknowledges that all originals and copies of materials, records and
documents generated by him or coming into his possession during his employment
by the Company or its subsidiaries are the sole property of the Company and its
subsidiaries (“Company Property”).  During the Employment Term, and at
all times thereafter, the Executive shall not remove, or cause to be removed,
from the premises of the Company or its subsidiaries, copies of any record,
file, memorandum, document, computer related information or equipment, or any
other item relating to the business of the Company or its subsidiaries, except
in furtherance of his duties under this Agreement.  When the
Executive’s employment with the Company terminates, or upon request of the
Company at any time, the Executive shall promptly deliver to the Company all
copies of Company Property in his possession or control.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (f)           Non-Disparagement.  Executive
shall not, and shall not induce others to, Disparage the Company or its
subsidiaries or affiliates or their past and present officers, directors,
employees or products. “Disparage” shall mean making comments or statements to
the press, the Company’s or its subsidiaries’ or affiliates’ employees or any
individual or entity with whom the Company or its subsidiaries or affiliates has
a business relationship which would adversely affect in any manner (1) the
business of the Company or its subsidiaries or affiliates (including any
products or business plans or prospects), or (2) the business reputation of the
Company or its subsidiaries or affiliates, or any of their products, or their
past or present officers, directors or employees.

    

    (g)           Cooperation.  Subject
to the Executive’s other reasonable business commitments, following the
Employment Term, the Executive shall be available to cooperate with the Company
and its outside counsel and provide information with regard to any past,
present, or future legal matters which relate to or arise out of the business
the Executive conducted on behalf of the Company and its subsidiaries and
affiliates, and, upon presentation of appropriate documentation, the Company
shall compensate the Executive for any out-of-pocket expenses reasonably
incurred by the Executive in connection therewith.

    

    (h)           Equitable
Relief and Other Remedies.  The Executive acknowledges and agrees that
the Company’s remedies at law for a breach or threatened breach of any of the
provisions of this Section 9 would be inadequate and, in recognition of this
fact, the Executive agrees that, in the event of such a breach or threatened or
attempted breach, in addition to any remedies at law, the Company, without
posting any bond, shall be entitled to obtain equitable relief in the form of
specific performance, a temporary restraining order, a temporary or permanent
injunction or any other equitable remedy which may then be available. In
addition, without limiting the Company’s remedies for any breach of any
restriction on the Executive set forth in this Section 9, except as required by
law, the Executive shall not be entitled to any payments set forth in Section
6(d) hereof if the Executive has breached the covenants applicable to the
Executive contained in this Section 9, the Executive will immediately return to
the Company any such payments previously received under Section 6(d) upon such a
breach, and, in the event of such breach, the Company will have no obligation to
pay any of the amounts that remain payable by the Company under Section
6(d).

    

    (i)           Liability.                      Notwithstanding
the provisions in this Section 9 the Executive shall not be liable for any
mistakes of fact, errors of judgment, for losses sustained by the Company or any
subsidiary or for any acts or omissions of any kind, unless caused by the
negligence or willful or intentional misconduct of the Executive or any person
or entity acting for or on behalf of the Executive.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
 

    (j)           Survival
of Provisions.  The obligations contained in this Section 9 shall
survive in accordance with their terms the termination or expiration of the
Executive's employment with the Company and shall be fully enforceable
thereafter.

    

    10.           SECTION HEADINGS AND
INTERPRETATION. The section headings used in this Agreement are included
solely for convenience and shall not affect, or be used in connection with, the
interpretation of this Agreement.

    

    11.           SEVERABILITY.  The
provisions of this Agreement shall be deemed severable and the invalidity of
unenforceability of any provision shall not affect the validity or
enforceability of the other provisions hereof.

    

    12.           COUNTERPARTS.  This
Agreement may be executed in three counterparts, each of which shall be deemed
to be an original but all of which together will constitute one and the same
Agreement.

    

    13.           GOVERNING LAW.  This
Agreement in its interpretation and application and enforcement shall be
governed by the law of the People’s Republic of China.

    

    14.           ENTIRE AGREEMENT. This
Agreement contains the entire agreement between the Parties with respect to the
subject matter hereof and supersedes all prior agreements, written or oral, with
respect thereto. No agreements or representations, oral or otherwise, express or
implied, with respect to the subject matter hereof have been made by either
party which are not expressly set forth in this Agreement.

    

    15.           WAIVER AND
AMENDMENT.  No provision of this Agreement may be modified,
amended, waived or discharged unless such waiver, modification, amendment or
discharge is agreed to in writing and signed by the Executive and such officer
or director as may be designated by the BOD. No waiver by either Party at any
time of any breach by the other Party hereto of, or compliance with, any
condition or provision of this Agreement to be performed by such other Party
shall be deemed a waiver or similar or dissimilar provisions or conditions at
the same or at any prior or subsequent time.

    

    16.           WITHHOLDING. The Company may
withhold from any and all amounts payable under this Agreement such federal,
state, local and foreign taxes as may be required to be withheld pursuant to any
applicable law or regulation.

    

    17.           AUTHORITY AND
NON-CONTRAVENTION.  The Executive represents and warrants to
the Company that he has the legal right to enter into this Agreement and to
perform all of the obligations on his part to be performed hereunder in
accordance with its terms and that he is not a party to any agreement or
understanding, written or oral, which could prevent him from entering into this
Agreement or performing all of his obligations hereunder.

    

    

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
 

    IN WITNESS WHEREOF, the
Parties have executed this Agreement as of the date first written
above.

    

    
      
        	 	 	 
	 	 	EMERALD
      ACQUISITION CORP.	 
	 	 	 	 
	
                 

              	
                 

              	/s/
      Zhide Jiang	 
	 	 	By:
      Zhide Jiang 	 
	
                 

              	 	Title:
      Chief Executive Officer	 
	 	 	 	 

      

    

     

    
      
        	 	 	EXECUTIVE	 
	 	 	 	 
	 	 	 	 
	
                 

              	
                 

              	/s/
      Adam Wasserman	 
	 	 	By:   Adam
      Wasserman	 
	 	 	 	 
	 	 	 	 

      

    

     

     

    
      
         

      

      
        9Unassociated Document

     

    Exhibit
4.1.3

     

    
      CONFIDENTIAL
TREATMENT REQUESTED

       

      Portions
of this document have been omitted pursuant to a request for confidential
treatment. Such omitted portions are indicated by asterisks (***) and have been
filed separately with the SEC

       

    

    AMENDMENT
No. 5

     

    TO
THE

     

    SECOND
A320 FAMILY PURCHASE AGREEMENT

     

    BETWEEN

     

    LAN AIRLINES S.A.

     

    AND

     

    AIRBUS S.A.S.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    This
amendment No. 5 to the Second A320 Family Purchase Agreement (as defined below)
is entered into as of December 23rd, 2009,
by and between

     

    AIRBUS
S.A.S., having its principal office at: 1 

    Rond-Point
Maurice Bellonte

    3 1 7 0 7
B L A G N A C - C E D E X F R A N C E

     

    (hereinafter
referred to as the “Seller”) of the one
part

     

    AND

     

    LAN
AIRLINES S.A. having its principal office at : 

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711– 20th Floor
Las 

    Condes

    S A N T I
A G O

    C H I L
E

     

    (hereinafter
referred to as the “Buyer”) of the other
part.

     

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

     

    
      
         

      

      
        2/34

        
          

        

      

      
         

      

    

     

    WHEREAS

     

    
      	
              A

            	
              The
      Buyer and the Seller entered into an A320 family purchase agreement dated
      March 20th,
      1998 covering the purchase by the Buyer and the sale by the Seller of
      twenty (20) A320 family aircraft bearing rank numbers 1 to 20. By an
      amendment No.1 to such purchase agreement, entered into by the Buyer and
      the Seller on February 24th,
      2000 the number of A320 family aircraft to be purchased by the Buyer
      pursuant to such purchase agreement was increased to twenty five (25),
      with the additional five (5) A320 family aircraft bearing rank numbers 21
      to 25. Such twenty five (25) A320 family aircraft are hereinafter referred
      to as the “Original A320
      Family Aircraft”, and such purchase agreement, amendment No. 1, and
      all exhibits, appendices and letter agreements thereto are together
      referred to as the “Original A320 Family Purchase
      Agreement”.

            

    

     

    
      	
              B

            	
              The
      Buyer and the Seller entered into a deed of amendment and restatement of
      the Original A320 Family Purchase Agreement, dated August 2nd,
      2000, dividing the Original A320 Family Purchase Agreement into two (2)
      separate purchase agreements, the first agreement concerning the Original
      A320 Family Aircraft bearing rank numbers 1 to 20, , and the second
      agreement concerning the Original A320 Family Aircraft bearing rank
      numbers 21 to 25. The second agreement as supplemented with all exhibits
      and appendices thereto is hereinafter referred to as the “Second A320 Family Purchase
      Agreement”.

            

    

     

    
      	
              C

            	
              The
      Buyer and the Seller entered into an amendment No.1 to the Second A320
      Family Purchase Agreement dated November 14th
      2003 (the “Amendment
      No.1”) modifying certain provisions of the Second A320 Family
      Purchase Agreement.

            

    

     

    
      	
              D

            	
              The
      Buyer and the Seller entered into an amendment No.2 to the Second A320
      Family Purchase Agreement dated October 4th,
      2005 (the “Amendment
      No.2”) covering the purchase by the Buyer and the sale by the
      Seller of twenty five (25) additional firm A320 family aircraft comprising
      twenty (20) A318-100, one (1) A319-100 and four (4) A320-200 aircraft type
      (the “Additional
      Aircraft”).

            

    

     

    
      	
              E

            	
              The
      Buyer and the Seller entered into an amendment No.3 to the Second A320
      Family Purchase Agreement dated March 6th,
      2007 (the “Amendment
      No.3”) covering the conversion of fifteen (15) Option Aircraft (as
      defined in the Amendment No.2) into firmly ordered Converted Aircraft (as
      defined in Amendment No.3).

            

    

     

    
      	
              F

            	
              The
      Buyer and the Seller entered into an amendment No. 4 to the Second A320
      Family Purchase Agreement dated June 11th,
      2008 (the “Amendment
      No.4”) covering the conversion of five (5) A318-100 Additional
      Aircraft bearing rank Nos. 26 to 30 as set forth in Amendment No.2 and
      three (3) A318-100 Converted Aircraft bearing rank Nos. 37, 40 and 43 as
      set forth in Amendment No.3, into A319 aircraft
  type.

            

    

     

    
      	
              G

            	
              The
      Buyer and the Seller wish to enter into this amendment No. 5 to the Second
      A320 Family Purchase Agreement (the “Amendment No.5”)
      covering the order of thirty (30) incremental A319-100 and A320-200
      aircraft and amending certain provisions of the Second A320 Family
      Purchase Agreement.

            

    

     

    
      	
              H

            	
              [xxx]

            

    

     

    
      
        
           

        

        
          3/34

          
            

          

        

        
           

        

      

    

    

    [xxx]

     

    NOW IT IS
HEREBY AGREED AS FOLLOWS :

     

    
      
         

      

      
        4/34

        
          

        

      

      
         

      

    

    0.           DEFINITIONS

     

    Capitalized
terms used herein and not otherwise defined in this Amendment No. 5 will have
the meanings assigned to them in the Purchase Agreement (as defined
below).

     

    The terms
“herein,” “hereof,” and “hereunder” and words of similar import refer to this
Amendment No.5.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      Airframe

                                    	
                                      means
      the Aircraft excluding the Propulsion Systems.

                                    
	 	 
	
                                      Converted
      Aircraft

                                    	
                                      for
      the purpose of this Amendment N° 5 means the Aircraft as defined in
      Amendment N° 3.

                                    
	 	 
	
                                      Delivery

                                    	
                                      means
      the transfer of title to each Incremental Aircraft from the Seller to the
      Buyer in accordance with clause 9 to the Purchase
    Agreement.

                                    
	 	 
	
                                      Delivery
      Date

                                    	
                                      means
      the date on which Delivery shall occur.

                                    
	 	 
	
                                      Delivery
      Location

                                    	
                                      means
      the facilities of the Seller at the location,
      [xxx]     of final assembly of the Incremental
      Aircraft.

                                    
	 	 
	
                                      Goods
      and Services

                                    	
                                      means
      any goods and services that may be purchased by the Buyer from the Seller,
      excluding Incremental Aircraft.

                                    
	 	 
	
                                      Manufacturer
      Agreement

                                    	
                                      means
      any of: (i) Purchase Agreement (as such relates to the Converted Aircraft
      and the Incremental Aircraft); [xxx] (iv) any agreement between the Buyer
      (and/or any of its Affiliates) and the Seller (and/or any of its
      Affiliates) relating to any financing or leasing arrangements relating to
      the Incremental Aircraft.

                                    
	 	 
	
                                      Purchase
      Agreement

                                    	
                                      means
      the Second A320 Family Purchase Agreement together with Amendments N° 1 to
      4 thereto.

                                    
	 	 
	
                                      Specification

                                    	
                                      means
      the Standard Specification as modified by Specification Change Notices
      (SCN) to be selected after signature of this Amendment No.5 and which
      shall constitute the Buyer’s detailed Specification.

                                    
	 	 
	
                                      Standard
      Specification

                                    	
                                      means for the A319
      Aircraft, the Standard Specification Document No
      J.000.01000, Issue 6 dated March 01st
      2007 with the following design weights: MTOW: [xxx] tons, MLW: [xxx] tons,
      MZFW: [xxx] tons, and for which a preliminary list of SCNs is attached in
      Exhibit A of Appendix 1 to Amendment No.5,

                                    
	 	 
	 
      	
                                      means for the A320
      Aircraft, the Standard Specification Document No
      D.000.02000, Issue 7 dated March 01st
      2007 with the following design weights: MTOW: [xxx] tons, MLW: [xxx] tons,
      MZFW: [xxx] tons, and for which a preliminary list of SCNs is attached in
      Exhibit B of Appendix 1 to Amendment
No.5.

                                    

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        5/34

        
          

        

      

      
         

      

    

     

    
      	
              1.

            	
              SCOPE

            

    

     

    
      	
              1.1

            	
              The
      Seller shall sell and deliver and the Buyer shall buy and take delivery of
      thirteen (13) A319-100 aircraft and seventeen (17) A320-200 aircraft
      (respectively the “A319
      Aircraft” and the “A320 Aircraft”) upon the
      terms and conditions contained in this Amendment No.5 (hereinafter for the
      purposes of this Amendment N°5 collectively the “Incremental
      Aircraft”).

            

    

     

    
      	
              1.2

            	
              The
      Incremental Aircraft shall be divided into two (2) distinct batches. The
      first (1st)
      batch shall be comprised of the first ten (10) Incremental Aircraft with
      rank Nos 46 to 55 to be delivered by the Seller to the Buyer
       [xxx].  The second (2nd)
      batch shall be comprised of the last twenty (20) Incremental Aircraft with
      rank Nos 56 to 75 to be delivered by the Seller to the Buyer
      [xxx].

            

    

     

    
      	
              1.3

            	
              The
      Parties agree to amend certain provisions of the Second A320 Family
      Purchase Agreement pursuant to the terms and conditions set out in this
      Amendment No.5.

            

    

     

    
      	
              1.4

            	
              All
      references to Aircraft in the Purchase Agreement and this Amendment N° 5
      shall be deemed to include the Incremental Aircraft unless expressly
      stipulated otherwise herein.

            

    

     

    1.5          [XXX]

     

    2.            INCREMENTAL
AIRCRAFT

     

    2.1         DELIVERY
SCHEDULE

     

    
      	
              2.1.1

            	
              With
      reference to the Aircraft bearing rank numbers 31 to 75 the Parties hereby
      agree to delete clause 9.1 of the Second A320 Family Purchase Agreement as
      amended pursuant to clause 2 of Amendment No. 1, clause 3.5 of Amendment
      No.2, clause 2 of Amendment No.3 and clause 3.1 of Amendment No.4 in its
      entirety and replace it with the following quoted
  text:

            

    

     

    QUOTE

    

    
      	
              9.1

            	
              Delivery
      Schedule

            

    

     

    
      	
               
      

            	
              9.1.1

            	
              Converted
      Aircraft: Advancement of Scheduled Delivery Months and Conversions of
      Aircraft type

            

    

     

    The
Parties agree to:

     

    
      	
               
      

            	
              (i)

            	
              [xxx]  the
      Scheduled Delivery Months of [xxx]with rank numbers 36 to 45 as set out in
      the table here below, and

            

    

    
      	
               
      

            	
              (ii)

            	
              [xxx]
      as set forth in clause 4.1 of Amendment No.3 as amended by clause 3.3 of
      Amendment No.4, to convert the aircraft type [xxx] with rank numbers 37 to
      40 and rank numbers 42 to 44 as set out in the table here
      below.

            

    

     

    
      
         

      

      
        6/34

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        Rank

                                        number

                                      	 
      	
                                        Original

                                        Scheduled

                                        Delivery Months

                                      	 	
                                        Revised

                                        Scheduled

                                        Delivery Months

                                      	 	
                                        Original
      

                                        Aircraft

                                        type

                                      	 	
                                        Revised

                                        Aircraft

                                        type

                                      
	
                                        36

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        37

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        38

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        39

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        40

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        41

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        42

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        43

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        44

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      
	
                                        45

                                      	 
      	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      	 	
                                        [xxx]

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        	 	
                9.1.2

              	
                Subject
      to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall have the
      Aircraft ready for Delivery at the Delivery Location in accordance with
      the following schedule: 

                 

                [xxx]

              

      

    

     

    
      	
            	
              9.1.3

            	
              [xxx]

            

    

     

    
      	
            	
              9.1.4

            	
              The
      Seller shall notify the Buyer, no later than [xxx] prior to
      [xxx] (the “Scheduled Delivery
      Quarter”), of the delivery month in respect of each such Aircraft.
      Each of such delivery months shall be, with respect to the corresponding
      Aircraft, the “Scheduled
      Delivery Month”.

            

    

     

    
      	
            	
              9.1.5

            	
              [xxx]

            

    

     

    UNQUOTE

     

    
      	
              2.1.2

            	
              For
      the avoidance of doubt the provisions set forth in clause 9.1 of the
      Second A320 Family Purchase Agreement as amended pursuant to clause 2 of
      Amendment No.1, clause 3.5 of Amendment No.2, clause 2 of Amendment No.3,
      clause 2.1 of Amendment No.4 and relevant to the Aircraft with rank
      numbers 1 to 30 shall hereby remain in full force and
    effect.

            

    

     

    
      	
              2.2

            	
              SPECIFICATION

            

    

     

    
      	
              2.2.1

            	
              Incremental
      Aircraft Specification

            

    

     

    With
respect to the Incremental Aircraft, the Parties hereby agree to delete clause
1.2.1 of the Second A320 Family Purchase Agreement in its entirety and replace
it with the Standard Specification as defined in this Amendment N° 5, as may be
modified or varied after the date of this Amendment N° 5 by the Specification
Change Notices listed in Exhibits A and B of Appendix 1 hereto.

     

    
      
         

      

      
        7/34

        
          

        

      

      
         

      

    

    
      	
              2.2.2

            	
              Clauses
      1.2.2 and 1.2.3 of the Second A320 Family Purchase Agreement shall apply
      to the Incremental Aircraft.

            

    

     

    
      	
              2.2.3

            	
              With
      respect to the Incremental Aircraft, the Parties hereby agree to delete
      clauses 1.3 and 1.3.2 of the Second A320 Family Purchase Agreement,
      amended by clause 3.1 of Amendment No.2 in its entirety and replace them
      with the following quoted text:

            

    

     

    QUOTE

     

    
      	
               
      

            	
              1.3

            	
              The
      Airframe shall be equipped with a set of two (2) engines including
      nacelles and thrust reversers (the “Propulsion Systems”) as
      follows:

            

    

     

    For the
A319 Aircraft:

     

    CFM
INTERNATIONAL 56-5B6/3 (23,500 lb)

    or

    INTERNATIONAL
AERO ENGINE V2524-A5 (23,500 lb)

     

    For the
A320 Aircraft:

     

    CFM
INTERNATIONAL 56-5B4/3 (27,000 lb)

    or

    INTERNATIONAL
AERO ENGINE V2527E-A5 or V2527-A5 (26,500 lb)

     

    
      	
            	
              1.3.1

            	
              It
      is hereby agreed by the parties that the Aircraft with rank numbers 31 to
      45 shall be equipped with INTERNATIONAL AERO ENGINES Propulsion
      Systems

            

    

     

    
      	
            	
              1.3.2

            	
              In
      the event the Buyer has not selected the Propulsion Systems for the
      Aircraft with rank numbers 46 to 75, as of the date of the Amendment No.5,
      the Buyer shall notify the Seller of such choice no later than
      [xxx]

            

    

     

    
      	
            	
              1.3.3

            	
              [xxx]

            

    

     

    UNQUOTE

     

    3.            INCREMENTAL
AIRCRAFT BASIC PRICES

     

    It is
hereby agreed that clauses 3.1 and 3.2 of the Second A320 Purchase Agreement
shall not apply to the Incremental Aircraft and the Basic Prices of the
Incremental Aircraft and the Final Price of the Incremental Aircraft are set
forth in Appendix 2 Exhibits A and B to this Amendment No 5.

     

    4.            GENERAL
PAYMENT TERMS

     

    
      	
              4.1

            	
              With
      respect to the Incremental Aircraft, the Parties agree to delete
      sub-clause 5.2.2 of the Second A320 Purchase Agreement in its entirety and
      replace it as follows:

            

    

     

    
      
         

      

      
        8/34

        
          

        

      

      
         

      

    

     

    QUOTE

     

    
      	
               
      

            	
              5.2.2

            	
              Balance
      of the Final Aircraft Price

            

    

     

    
      	
               
      

            	
              5.2.2.1

            	
              The
      Balance of the Final Aircraft Price payable by the Buyer to the Seller on
      the Delivery Date shall be the Final Aircraft Price less the amount of
      Predelivery Payment received by the Seller on or before the Delivery
      Date.

            

    

     

    
      	
               
      

            	
              5.2.2.2

            	
              Upon
      receipt of the Seller’s invoice and immediately prior to Delivery of the
      Aircraft, the Buyer shall pay to the Seller the Balance of the Final
      Aircraft Price.

            

    

     

    
      	
            	
              5.2.2.3 

            	
              [xxx]

            

    

     

    UNQUOTE

     

    
      
         

      

      
        9/34

        
          

        

      

      
         

      

    

    
      	
              4.2

            	
              With
      respect to the Incremental Aircraft, the Parties agree to delete
      sub-clauses 5.4.5 and 5.4.6 of the Second A320 Purchase Agreement as
      amended by clause 3.4.1 IV of the Amendment N° 2 in their entirety and
      replace them as follows:

            

    

     

    QUOTE

     

    [xxx]

     

    UNQUOTE

     

    
      	
              5.

            	
              [xxx]

            

    

     

    
      	
              6.

            	
              AMENDMENT
      AND LETTER AGREEMENT STATUS

            

    

     

    It is
hereby agreed by the Parties that the letters agreements no [xxx]
shall not in any way be applicable to the Incremental Aircraft as defined herein
unless expressly stated otherwise in this Amendment N° 5.

     

    
      	
              7.

            	
              EFFECT
      OF THE AMENDMENT

            

    

     

    
      	
              7.1

            	
              This
      Amendment No. 5 contains the entire agreement between the Parties with
      respect to the subject matter hereof and supersedes any previous
      understanding, commitments or representations whatsoever, whether oral or
      written.

            

    

     

    
      	
              7.2

            	
              The
      Purchase Agreement shall be deemed amended to the extent provided in this
      Amendment No. 5 and, except as specifically amended hereby, shall continue
      in full force and effect in accordance with its original
      terms.

            

    

     

    
      	
              7.3

            	
              The
      Parties agree that this Amendment No. 5 shall constitute an integral, non-
      severable part of the Purchase Agreement and be governed by all of its
      provisions.

            

    

     

    
      	
              7.4

            	
              In
      the event of any inconsistency between the terms and conditions of the
      Purchase Agreement and those of the present Amendment N°5, the latter
      shall prevail to the extent of such inconsistency, whereas the part not
      concerned by such inconsistency shall remain in full force and
      effect.

            

    

     

    
      	
              7.5

            	
              This
      Amendment N° 5 will not be modified or varied except by an instrument in
      writing executed by both Parties.

            

    

     

    
      	
              7.6

            	
              Each
      of the Parties hereto agree that the provisions of this Amendment No. 5
      are personal to it and will not without the prior written consent of the
      other Parties disclose such information to any other Party.
      [xxx]

            

    

     

    
      	
              7.7

            	
              The
      Parties agree that clause 21 of the Second A320 Family Purchase Agreement
      shall govern the assignability and transferability of each Party’s rights
      and obligations under this Amendment
No.5

            

    

     

    
      	
              7.8

            	
              This
      Amendment N°5 may be signed by the Parties hereto in separate
      counterparts, each of which when so signed and delivered will be an
      original, but all such counterparts will together constitute but one and
      the same instrument.

            

    

     

    
      
        
        

      

      
        10/34

        
          

        

      

      
        
        

      

    

     

    
      	
              7.9

            	
              This
      Amendment N°5 shall be governed by and construed in accordance with the
      laws of [xxx].

            

    

     

    
      
         

      

      
        11/34

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF this
Amendment No. 5 to the Second A320 Family Purchase Agreement was duly entered
into the day and year first above written.

    

    
      
        	
                For
      and on behalf of

              	
                For
      and on behalf of

              
	 
      	 
      
	
                LAN
      AIRLINES S.A.

              	
                AIRBUS
      S. A. S.

              

      

    

    

    
      
        
          
            
              	
                      Name
      :

                    	
                      /s/
      Roberto Alvo

                    	 
      	
                      Name
      :

                    	
                      /s/
      Christophe Mourey

                    
	 	 	 	 	 
	
                      Title
      :

                    	
                      Senior
      VP Corporate Development & Strategic Planning

                    	 
      	
                      Title
      :

                    	
                      Senior
      Vice President
Contracts

                    

            

          

        

      

    

     

    LAN
AIRLINES S.A.

    

    
      
        
          	
                  By

                	
                  :

                	
                   /s/
      Armando Valdivieso

                
	 
      	 
      	 
      
	
                  Its

                	
                  :

                	
                  Armando
      Valdivieso

                
	 
      	 
      	 
      
	
                  Date

                	
                  :

                	
                   Gerente
      General de Pasajeros

                

        

      

    

     

    
      
         

      

      
        12/34

        
          

        

      

      
         

      

    

    

    Appendix 1 - Exhibit A –
[xxx]

     

    [xxx]

     

    
      
         

      

      
        13/34

        
          

        

      

      
         

      

    

    Appendix 1 - Exhibit B –
[xxx]

     

    [xxx]

     

    
      
         

      

      
        14/34

        
          

        

      

      
         

      

    

    

    Appendix
2 to Amendment
5                                                                

    Exhibit A
BASIC PRICES OF [xxx]

     

    
      	
              1.

            	
              With
      respect to the Aircraft of the [xxx] the provisions contained in clauses
      3.1 and 3.2 of the Second A320 Family Purchase Agreement are hereby
      cancelled and replaced by the following quoted
  provisions:

            

    

     

    QUOTE

     

    
      	
              3.1

            	
              PRICE OF
      [xxx]

            

    

     

    The base
price of each Aircraft of the [xxx] (the “Aircraft Base Price”) is the
sum of:

     

    [xxx]

    

    
      	
              .3.1.1

            	
              Airframe Base
      Price

            

    

     

    
      
        	
                 

              	
                The
      base prices of the Airframe (the “Airframe Base Price”) is
      the sum of:

              

      

    

     

    
      	
               
      

            	
              (i)

            	
              [xxx]

            

    

     

    All base
prices are expressed in United States Dollars (USD) at [xxx] delivery conditions
and are subject to adjustment in accordance with the Seller Price Revision
Formula set out in Seller Price Revision Formula set forth in Exhibit A of
Appendix 3 to Amendment No.5.

     

    
      	
            	
              3.1.2

            	
              Propulsion
      Systems Base Price

            

    

     

    The base
price of the Propulsion Systems (the “Propulsion Systems Base
Price”) shall be, as applicable pursuant to Clauses 3.1.2.1 or 3.1.2.2,
the base price of the Propulsion Systems selected by the Buyer.

     

    
      	
            	
              3.1.2.1

            	
              The
      base price of a set of two (2) CFM INTERNATIONAL Propulsion Systems
      is

            

    

     

    [xxx]

     

    at
economic conditions prevailing for a theoretical delivery in xxx

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

    Appendix
2 to Amendment 5

    Exhibit A
BASIC PRICES OF [xxx]

     

    Such base
prices have been computed from the relevant reference prices of the propulsion
systems (the “Propulsion Systems Reference Price”) as defined in Exhibit B of
Appendix 3 to this Amendment No 5;

     

    [xxx]

     

    The CFM
International Propulsion Systems Reference Prices have been established in
accordance with the delivery conditions prevailing in [xxx] at Reference
Composite Price Index of [xxx] and shall be subject to revision up to the
Delivery Date of each Aircraft [xxx] in accordance with the CFM INTERNATIONAL
Price Revision Formula set out in Exhibit B of Appendix 3 to Amendment
No.5.

     

    
      	
              3.1.2.2

            	
              The
      base price for a set of two (2) IAE Propulsion Systems
  is:

            

    

     

    [xxx]

     

    at
economic conditions prevailing for a theoretical delivery in
[xxx]      .

     

    Such base
prices have been computed from the relevant reference prices of the propulsion
systems (the “Propulsion Systems Reference Price”) as defined in Exhibit C of
Appendix 3 to this Amendment No 5: [xxx]

     

    The
INTERNATIONAL AERO ENGINES Propulsion Systems Reference Prices are expressed at
theoretical delivery conditions prevailing in [xxx] and shall be subject to
revision up to the Delivery Date of each Aircraft [xxx] Delivery Date in
accordance with the INTERNATIONAL AERO ENGINES Price Revision Formula set out in
Clause 4.3 (as inserted by Exhibit C of Appendix 3 to Amendment
No.5).

     

    
      	
              3.1.2.3

            	
              Seller
      confirms that the above-mentioned quotations as well as Propulsion Systems
      Manufacturer Price Revision Formulae (as set out in Clauses 4.2 and 4.3,
      as inserted by Exhibits B and C of Appendix 3 to Amendment No.5) are based
      upon information received from the respective Propulsion Systems
      Manufacturer and remain subject to any modification that might be imposed
      by the Propulsion Systems Manufacturer on the
      Seller.     [xxx]

            

    

     

    
      
        
        

      

      
        2/3

        
          

        

      

      
        
        

      

    

     

    
      Appendix
2 to Amendment 5

      Exhibit A
BASIC PRICES OF [xxx]

    

     

    
      	
            	
              3.2

            	
              Final Aircraft
      Price

            

    

     

    The final
price of each Aircraft of the [xxx] (the 

    “Final Aircraft Price”) at
Delivery shall be the sum of:

     

    
      	
               
      

            	
              (i)

            	
              [xxx]

            

    

     

    
      	
               
      

            	
              (ii)

            	
              [xxx]

            

    

     

    
      	
               
      

            	
              (iii)

            	
              [xxx]

            

    

     

    
      	
               
      

            	
              (iv)

            	
              [xxx]

            

    

     

    UNQUOTE

     

    
      
         

      

      
        3/3

        
          

        

      

      
         

      

    

    

    Appendix
2 to Amendment 5

    Exhibit B
BASIC PRICES OF [xxx]

     

    
      	
              1.

            	
              With
      respect to the Aircraft [xxx] the provisions contained in clauses 3.1 and
      3.2 of the Second A320 Family Purchase Agreement are hereby cancelled and
      replaced by the following quoted
provisions:

            

    

     

    QUOTE

     

    
      
        3.1
PRICE
OF [xxx]

      

    

     

    The base
price of each Aircraft [xxx] (the “Aircraft Base Price”) is the
sum of:

     

    [xxx]

     

    
      	
              3.1.1

            	
              Airframe Base
      Price

            

    

     

    
      	
               
      

            	
              (i)

            	
              [xxx]

            

    

     

    
      	
               
      

            	
              (ii)

            	
              [xxx]

            

    

     

    All base
prices are expressed in United States Dollars (USD) [xxx] delivery conditions
and are subject to adjustment in accordance with the Seller’s Price Revision
Formula set out in Exhibit D of Appendix 3 to this Amendment No.5.

     

    
      	
              3.1.2

            	
              Propulsion
      Systems Base Price

            

    

     

    The base
price of the Propulsion Systems (the “Propulsion Systems Base
Price”) shall be, as applicable pursuant to Clauses 3.1.2.1 or 3.1.2.2,
the base price of the Propulsion Systems selected by the Buyer.

     

    
      	
              3.1.2.1

            	
              The
      base price of a set of two (2) CFM INTERNATIONAL Propulsion
      Systems

            

    

     

    [xxx]

     

    at
economic conditions prevailing for a theoretical delivery in January
2008.

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

    Appendix
2 to Amendment 5

    Exhibit B
BASIC PRICES OF[xxx]

     

    Such base
prices have been computed from the propulsion systems’ reference prices (the
“Propulsion Systems Reference Price”) as defined in Exhibit E of Appendix 3 to
Amendment No 5.

     

    [xxx]

     

    The CFM
INTERNATIONAL Propulsion Systems Reference Prices have been established in
accordance with the delivery conditions prevailing in [xxx] at Reference
Composite Price Index of [xxx] and shall be subject to revision up to the
Delivery Date of each Aircraft of [xxx] in accordance with the CFM INTERNATIONAL
Price Revision Formula set out in Exhibit E of Appendix 3 of Amendment
No.5.

     

    
      	
              3.1.2.2

            	
              The
      base price for a set of two (2) IAE Propulsion Systems
  is:

            

    

     

    [xxx]

     

    at
economic conditions prevailing for a theoretical delivery in January
2008.

     

    Such base
prices have been computed from the Reference Prices of propulsion systems’
reference prices (the “Propulsion Systems Reference Price”) as defined in
Exhibit F of Appendix 3 to Amendment No 5. :

     

    [xxx]

     

    The
INTERNATIONAL AERO ENGINES Propulsion Systems Reference Prices are expressed at
theoretical delivery conditions prevailing in [xxx] and shall be subject to
revision up to the Delivery Date of each Aircraft [xxx]

    Delivery
Date in accordance with the INTERNATIONAL AERO ENGINES Price Revision Formula
set out in Exhibit F of Appendix 3 to Amendment No.5.

     

    
      	
              3.1.2.3

            	
              Seller
      confirms that the above-mentioned quotations as well as Propulsion Systems
      Manufacturer Price Revision Formulae (as set out in Clauses 4.2 and 4.3,
      as inserted by Exhibits E and F of Appendix 3 to Amendment No.5) are based
      upon information received from the respective Propulsion Systems
      Manufacturer and remain subject to any modification that might be imposed
      by the Propulsion Systems Manufacturer on the Seller.
  [xxx]

            

    

     

    
      
        
          
          

        

        
          2/3

          
            

          

        

        
          
          

        

      

    

     

    Appendix
2 to Amendment 5

    Exhibit B
BASIC PRICES OF [xxx]

     

    
      	
              3.2

            	
              Final
      Aircraft Price

            

    

     

    The final
price of each Aircraft [xxx] (the “Final Aircraft Price”) at
Delivery shall be the sum of:

     

    [xxx]

     

    UNQUOTE

     

    
      
         

      

      
        3/3

        
          

        

      

      
         

      

    

    Appendix
3 to Amendment 5

    Exhibit A
SELLER PRICE REVISION FORMULA OF [xxx]

    

    With
respect to the Aircraft of the [xxx] the provisions contained in Clause 4.1
of the Second A320 Family Purchase Agreement are hereby cancelled and replaced
by the following quoted provisions:

     

    [xxx]

     

    
      
         

      

      
        3/3

        
          

        

      

      
         

      

    

    Appendix
3 to Amendment 5

    Exhibit B
CFM INTERNATIONAL PRICE REVISION FORMULA [xxx]

    

    With
respect to the Aircraft [xxx] the provisions contained in Clause 4.2 of the
Second A320 Family Purchase Agreement are hereby cancelled and replaced by the
following quoted provisions:

     

    [xxx]

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

    Appendix
3 to Amendment 5

    Exhibit C
INTERNATIONAL AERO ENGINES PRICE REVISION FORMULA [xxx]

     

    With
respect to the [xxx] the provisions contained in Clause 4.3 of the Second
A320 Family Purchase Agreement are hereby cancelled and replaced by the
following quoted provisions:

     

    [xxx]

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

    Appendix
3 to Amendment 5

    Exhibit D
SELLER PRICE REVISION FORMULA

    [xxx]

     

    With
respect to the Aircraft
                    [xxx]                    
the provisions contained in Clause 4.1 of the Second A320 Family Purchase
Agreement are hereby cancelled and replaced by the following quoted
provisions:

     

    [xxx]

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

     

    Appendix
3 to Amendment 5

    Exhibit D
SELLER PRICE REVISION FORMULA

    [xxx]

    [xxx]

     

    
      
         

      

      
        2/3

        
          

        

      

      
         

      

    

    
       

      Appendix
3 to Amendment 5

      Exhibit D
SELLER PRICE REVISION FORMULA

      [xxx]

       

      
        
           

        

        
          2/3

          
            

          

        

        
           

        

      

    

     

    Appendix
3 to Amendment 5

    Exhibit E
CFM INTERNATIONAL PRICE REVISION FORMULA

    [xxx]

     

    With
respect to the [xxx] the provisions contained in Clause 4.2 of the Second A320
Family Purchase Agreement are hereby cancelled and replaced by the following
quoted provisions:

     

    [xxx]

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

    Appendix
3 to Amendment 5

    Exhibit E
CFM INTERNATIONAL PRICE REVISION FORMULA

    [xxx]

     

    
      
         

      

      
        2/3

        
          

        

      

      
         

      

    

    Appendix
3 to Amendment 5

    Exhibit
F: INTERNATIONAL AERO ENGINES PRICE REVISION FORMULA

    [xxx]

     

    With
respect to the [xxx] the provisions contained in Clause 4.3 of the Second A320
Family Purchase Agreement are hereby cancelled and replaced by the following
quoted provisions:

     

    [xxx]

     

    
      
         

      

      
        1/3

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No1A

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
PREDELIVERY PAYMENTS OF THE
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5”), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°1A to
Amendment N°5 (the “Letter
Agreement N°1A”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°1A, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°1A.

     

    
      
         

      

      
        1/4

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No1A

    
      
        	
              	
                1.

              	
                With
      respect to the Aircraft of the [xxx], the provisions contained
      in clause 5.1 and 5.2 of the Second A320 Family Purchase Agreement are
      hereby cancelled in their entirety and replaced by the following quoted
      provisions:

              

      

    

    QUOTE

     

    
      	
            	
              5.1

            	
              Seller’s
      Account

            

    

     

    The Buyer
shall pay the Predelivery Payments, the Balance of Final Aircraft Price and/or
any other amount due by the Buyer to the Seller, to the Seller’s
account:

     

    [xxx]

     

    or to
such other account as may be designated by the Seller in such other jurisdiction
where the Buyer shall not be required to withhold or make other deductions on
account of taxes in relation to such payment.

     

    
      	
            	
              5.2

            	
              Predelivery
      Payments

            

    

     

    
      
        	
              	
                5.2.1

              	
                The
      Buyer shall pay Predelivery Payments to the Seller calculated on the
      predelivery payment reference price of each Aircraft  [xxx]. The
      predelivery payment reference price is determined by the following
      formula:

              

      

    

     

    
      
        
          
            
              
                
                  	
                          A =
      Pb (1 + [xxx]

                        
	 
      	 
      	 
      
	
                          Where

                        	 
      	 
      
	 
      	 
      	 
      
	
                          A

                        	
                          :

                        	
                          The
      predelivery payment reference price for Aircraft of the
    First

                        
	 
      	 
      	
                          [xxx]
      to be delivered in year T;

                        
	 
      	 
      	 
      
	
                          T

                        	
                          :

                        	
                          the
      year of Delivery of the relevant Aircraft [xxx]

                        
	 
      	 
      	 
      
	
                          Pb

                        	
                          :

                        	
                          the
      Aircraft Base Price;

                        
	 
      	 
      	 
      
	
                          N

                        	
                          :

                        	
                          [xxx]

                        

                

              

            

          

        

      

    

     

    
      
         

      

      
        2/4

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No1A

    5.2.2
Such Predelivery Payments shall be made in accordance with the following
schedule:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      DUE DATE OF PAYMENTS

                                    	 	
                                      PERCENTAGE OF PREDELIVERY 

                                      PAYMENT REFERENCE PRICE

                                    
	 	 	 
	
                                      Upon
      signature of this Amendment No.5

                                    	 	
                                      [xxx]

                                    
	 	 	 
	
                                      On
      the first day of each of the following

                                      months
      prior to the Scheduled Delivery Month

                                    	 	 
      
	 	 	 
	
                                      [xxx]
      months

                                    	 	
                                      [xxx]

                                    
	 	 	 
	
                                      [xxx]
      months

                                    	 	
                                      [xxx]

                                    
	 	 	 
	
                                      [xxx]
      months

                                    	 	
                                      [xxx]

                                    
	 	 	 
	
                                      
                                        Total
      Payment prior to Delivery

                                      

                                    	 	
                                      [xxx]

                                    

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    In the
event of the above schedule resulting in any Predelivery Payment falling due
prior to the date of signature of the Amendment No.5, such Predelivery Payments
shall be made upon signature of this Amendment No.5.

     

    UNQUOTE

     

    
      	
              3. 

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°1A.

     

    
      	
              4. 

            	
              Confidentiality

            

    

     

    Each of the Parties hereto agree that
the provisions of this Letter Agreement N°1A are personal to it and will not
without the prior written consent of the other Parties disclose such information
to any other Party. [xxx]

     

    
      
        
        

      

      
        3/4

        
          

        

      

      
        
        

      

    

     

    LETTER AGREEMENT
No1A

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°1A to the Seller.

     

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
         

      

      
        4/4

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No1B

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
PREDELIVERY PAYMENTS
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5”), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°1B to
Amendment N°5 (the “Letter
Agreement N°1A”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°1B, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°1B.

     

    
      
         

      

      
        1/4

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No1B

     

    
      	
              1.

            	
              With
      respect to the Aircraft  [xxx]   the provisions
      contained in clause 5.1 and 5.2 of the Second A320 Family Purchase
      Agreement are hereby cancelled in their entirety and replaced by the
      following quoted provisions:

            

    

     

    QUOTE

     

    
      	
              5.1 

            	
              Seller’s
      Account

            

    

     

    The Buyer
shall pay the Predelivery Payments, the Balance of Final Aircraft Price and/or
any other amount due by the Buyer to the Seller, to the Seller’s
account:

     

    [xxx]

     

    or to
such other account as may be designated by the Seller in such other jurisdiction
where the Buyer shall not be required to withhold or make other deductions on
account of taxes in relation to such payment.

     

    
      	
              5.2 

            	
              Predelivery
      Payments

            

    

     

    
      	
              5.2.1

            	
              The
      Buyer shall pay Predelivery Payments to the Seller calculated on the
      predelivery payment reference price of each Aircraft on [xxx]. The
      predelivery payment reference price is determined by the following
      formula:

            

    

     

    
      
        
          
            
              
                	
                        A =
      Pb [xxx]

                      
	 
      	 
      	 
      
	
                        Where

                      	 
      	 
      
	 
      	 
      	 
      
	
                        A

                      	
                        :

                      	
                        The
      predelivery payment reference price for Aircraft [xxx]

                      
	 
      	 
      	
                        [xxx]
      to be delivered in year T;

                      
	 
      	 
      	 
      
	
                        T

                      	
                        :

                      	
                        the
      year of Delivery of the relevant Aircraft [xxx]

                      
	 
      	 
      	 
      
	
                        Pb

                      	
                        :

                      	
                        the
      Aircraft Base Price;

                      
	 
      	 
      	 
      
	
                        N

                      	
                        :

                      	
                        [xxx]

                      

              

            

          

        

      

    

     

    
      
         

      

      
        2/4

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No1B

    5.2.2
Such Predelivery Payments shall be made in accordance with the following
schedule:

     

    
      
        
          
            
              
                
                  
                    	
                            DUE DATE OF PAYMENTS

                          	 	
                            PERCENTAGE OF PREDELIVERY 

                            PAYMENT REFERENCE PRICE

                          
	 
      	 	 
      
	
                            Upon
      signature of this Amendment No.5

                          	 	
                            [xxx]

                          
	 
      	 	 
      
	
                            On
      the first day of each of the following months prior to the Scheduled
      Delivery Month

                          	 	 
      
	 
      	 	 
      
	
                            [xxx]
      months

                          	 	
                            [xxx]

                          
	 
      	 	 
      
	
                            [xxx]
      months

                          	 	
                            [xxx]

                          
	 
      	 	 
      
	
                            [xxx]
      months

                          	 	
                            [xxx]

                          
	 
      	 	 
      
	 	 	 
	
                            
                              Total
      Predelivery Payment prior to Delivery

                            

                          	 	
                            [xxx]

                          

                  

                

              

            

          

        

      

    

     

    In the
event of the above schedule resulting in any Predelivery Payment falling due
prior to the date of signature of the Amendment No.5, such Predelivery Payments
shall be made upon signature of this Amendment No.5.

     

    UNQUOTE

     

    
      	
              2. 

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°1B.

     

    
      	
              3. 

            	
              Confidentiality

            

    

     

    Each of the Parties hereto agree that
the provisions of this Letter Agreement N°1B are personal to it and will not
without the prior written consent of the other Parties disclose such information
to any other Party. [xxx]

     

    
      
        
          
             

          

          
            3/4

            
              

            

          

          
             

          

        

      

    

     

    LETTER AGREEMENT
No1B

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°1B to the Seller.

    

    
      
        
          	
                  Agreed
      and Accepted

                	
                  Agreed
      and Accepted

                
	 	 
	
                  For
      and on behalf of

                	
                  For
      and on behalf of

                

        

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development and Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      Armando
      Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
         

      

      
        4/4

        
          

        

      

      
         

      

    

     

    LETTER AGREEMENT
No2A

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    
      Subject      
: [xxx]

    

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°2A to
Amendment N°5 (the “Letter
Agreement N°2A”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°2A, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°2A.

     

    
      
         

      

      
        1/5

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No2A

     

    
      
        	
                1.

              	
                This
      Letter Agreement No.2A shall be applicable to the Aircraft
      [xxx]

                
                  [xxx]

                

              

      

    

    
       

    

    
      	
              2. 

            	
              [xxx]

            

    

     

    
      	
              3.

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°2A.

     

    
      	
              4. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°2A are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

     

    
      
         

      

      
        2/5

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°2A

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°2A to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      VP Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
         

      

      
        3/5

        
          

        

      

      
         

      

    

    

    LETTER AGREEMENT
No2B

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    
      Subject :
[xxx]

    

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°2B to
Amendment N°5 (the “Letter
Agreement N°2B”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°2B, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°2B.

     

    
      
         

      

      
        1/5

        
          

        

      

      
         

      

    

    

    LETTER AGREEMENT
No2B

     

    
      	
              1. 

            	
               This
      Letter Agreement No.2B shall be applicable to the Aircraft
      [xxx]

              [xxx]

            

    

     

    
      	
              2.

            	
              [xxx]

            

    

     

    
      	
              3. 

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°2B.

     

    
      	
              4. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°3A are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

     

    
      
         

      

      
        2/5

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°2B

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°2B to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      VP Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              
                	
                        By

                      	
                        :

                      	
                        /s/
      Armando Valdivieso

                      
	 
      	 
      	 
      
	
                        Its

                      	
                        :

                      	
                        Gerente
      General de Pasajeros

                      
	 
      	 
      	 
      
	
                        Date

                      	
                        :

                      	 
      

              

            

          

        

      

    

     

    
      
         

      

      
        3/5

        
          

        

      

      
         

      

    

    

    LETTER AGREEMENT
No3A

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°3A to
Amendment N°5 (the “Letter
Agreement N°3A”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°3A, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°3A.

     

    
      
         

      

      
        1/5

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No3A

     

    
      
        	
                1.

              	
                This
      Letter Agreement No.3A shall be applicable to the Aircraft of the
      [xxx] 

                [xxx]

              

      

    

     

    
      	
              2.

            	
              [xxx]

            

    

     

    
      	
              3. 

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°3A.

     

    
      	
              4. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°3A are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

     

    
      
         

      

      
        2/5

        
          

        

      

      
         

      

    

    

    LETTER AGREEMENT
N°3A

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°3A to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

     

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
         

      

      
        3/5

        
          

        

      

      
         

      

    

     

    LETTER AGREEMENT
No3B

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject  :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°3B to
Amendment N°5 (the “Letter
Agreement N°3B”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°3B, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°3B.

     

    
      
         

      

      
        1/4

        
          

        

      

      
         

      

    

     

    LETTER AGREEMENT
No3B

     

    
      	
              1.

            	
              This
      Letter Agreement No.3B shall be applicable to the Aircraft
      [xxx]

            

    

    

    
      	
              2

            	
              [xxx]

            

    

     

    
      	
              3.

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°3B.

     

    
      	
              4.

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°3B are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

     

    
      
         

      

      
        2/4

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°3B

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°3B to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
         

      

      
        3/4

        
          

        

      

      
         

      

    

     

    LETTER AGREEMENT
No04

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°04 to
Amendment N°5 (the “Letter Agreement N°04”) shall have the meanings assigned
thereto in the Second A320 Family Purchase Agreement and/or Amendment N°5 as the
case may be. [xxx]

     

    Both
Parties agree that this Letter Agreement N°04, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°04.

    

    
      
        
           

        

        
          1/9

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No04

    

    
      	
              1.

            	
              [xxx]

            

    

    

    
      	
              2.

            	
              [xxx]

            

    

     

    
      	
              3.

            	
              [xxx]

            

    

     

    
      	
              4.

            	
              [xxx]

            

    

    

    
      	
              5.

            	
              [xxx]

            

    

    

    
      	
              6.

            	
              [xxx]

            

    

    

    
      	
              7.

            	
              [xxx]

            

    

    

    
      	
              8.

            	
              [xxx]

            

    

    

    
      	
              9.

            	
              [xxx]

            

    

    

    
      	
              10.

            	
              [xxx]

            

    

     

    
      	
              11.

            	
              Assignment

               
      

              The
      Parties agree that clause 21 of the Second A320 Family Purchase Agreement
      shall govern the assignability and transferability of each Party’s rights
      and obligations under this Letter Agreement
  N°04.

            

    

     

    
      	
              12.

            	
              Confidentiality

            

    

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°04 are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party.  [xxx]

     

    
      
         

      

      
        2/9

        
          

        

      

      
         

      

    

    

    LETTER AGREEMENT
No04

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement No.4 to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
         

      

      
        3/9

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
No04

     

    [xxx]

    

      
        
           

        

        
          8/9

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No04

     

    [xxx]

     

    
      1
[xxx]

    

    

    
      2 [xxx]

    

     

    
      3
[xxx]

    

     

    4
[xxx]

     

    5
[xxx]

    

      
        
           

        

        
          9/9

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No5A

     

    LAN AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5”), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°5A to
Amendment N°5 (the “Letter
Agreement N°5A”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N° 5A, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°5A.

    

      
        
           

        

        
          1/3

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No5A

     

    
      	
              1.

            	
              This
      Letter Agreement No.5A shall be applicable to the Aircraft
      [xxx]

            

    

     

    
      [xxx]

    

     

    
      	
              2.

            	
              [xxx]

            

    

    

    
      	
              3.

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N° 5A.

     

    
      	
              4. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N° 5A
are personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

    

      
        
           

        

        
          2/3

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
N°5A

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°5A to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

    

      
        
           

        

        
          3/3

          
            

          

        

        
           

        

      

    

    
 

    LETTER AGREEMENT
No5B

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject
:  [xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5”), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°5B to
Amendment N°5 (the “Letter
Agreement N°5B”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°5B, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°5B.

    

      
        
           

        

        
          1/3

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No5B

     

    
      	
              1.

            	
              This
      Letter Agreement No.5B shall be applicable to the Aircraft
      [xxx]

            

    

     

    
      	
              2.

            	
              [xxx]

            

    

    

    
      	
              3.

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°5B.

     

    
      	
              4.

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°5B are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

     

    
      
         

      

      
        2/3

        
          

        

      

      
         

      

    

    LETTER AGREEMENT
N°5B

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°5B to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

    

      
        
           

        

        
          3/3

          
            

          

        

        
           

        

      

    

    

    LETTER AGREEMENT
No06

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
PRODUCT SUPPORT FOR INCREMENTAL
AIRCRAFT

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°6 to
Amendment N°5 (the “Letter
Agreement N°6”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°6, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°6.

    

      
        
           

        

        
          1/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No06

     

    
      	
              1.

            	
              GENERAL

            

    

     

    
      	
              1.1

            	
              For
      the avoidance of doubt, all quantities indicated below are the total
      quantities granted for the [xxx] firmly ordered Incremental Aircraft
      unless otherwise specified.

            

    

     

    Should
the Buyer decide to cancel any of the [xxx] Incremental Aircraft, the Seller
reserves the right to modify the quantities as defined herein.

     

    
      	
              1.2

            	
              The
      Buyer and the Seller mutually agree that the contractual training
      allocations provided by the Seller under clauses 14.4.1, 15.1.1, 16.3 and
      16.4.2 of the Second A320 Purchase Agreement shall not be applicable to
      the Incremental Aircraft.

            

    

     

    In
substitution, the Seller shall provide the Buyer with the training allocations
defined in this Letter Agreement N°6.

     

    
      	
              1.3

            	
              The
      contractual training courses defined in Clause 2 here below shall be
      provided up to one (1) year after Delivery of the last firmly ordered
      Incremental Aircraft delivered under this
  Agreement.

            

    

     

    
      	
              2

            	
              TRAINING
      SUPPORT AND SERVICES

            

    

     

    
      	
              2.1

            	
              With
      respect to the Incremental Aircraft, the provisions contained in clause
      16.3.1 of the Second A320 Family Purchase Agreement are hereby cancelled
      in their entirety and replaced by the following quoted
      provisions:

            

    

     

    
      	
              2.1.1

            	
              Notwithstanding
      the above Clause 1.3, the flight operations training courses as defined in
      this Clause 2 shall be granted to and may be utilised by the Buyer on the
      basis [xxx] [xxx] flight operations training courses during the
      [xxx]                        to
      the Delivery of each Incremental
Aircraft.

            

    

     

    
      	
              2.1.2

            	
              Such
      flight operations training courses shall be granted on a cumulative
      basis.

            

    

     

    
      	
              2.1.3

            	
              Furthermore
      in the event the Buyer has any remaining flight operations training
      courses upon Delivery of the last Incremental Aircraft the Buyer may
      utilise such remaining flight operations training
      courses  [xxx]

            

    

     

    QUOTE

     

    
      	
              16.3.1

            	
              Flight
      Crew Training Course

            

    

     

    
      	
              16.3.1.1

            	
              The
      Seller shall perform a flight crew training course program (standard
      transition course or a cross crew qualification program as applicable) for
      a total of [xxx] of the Buyer’s flight crews, each of which shall
      consist of one [xxx] The training manual used shall be the Seller’s
      Flight Crew Operating Manual (FCOM), except for base Flight training, for
      which the Buyer’s customized FCOM shall be
used.

            

    

    

      
        
           

        

        
          2/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No06

     

    
      
        	
                16.3.1.2

              	
                If
      a [xxx] is required, the Buyer shall use its delivered Aircraft, or any
      other aircraft operated by the Buyer, for any base flight training, which
      shall not [xxx] according
      to the related Airbus training course definition. In the event of it being
      necessary to ferry the Buyer’s delivered Aircraft to the location where
      the base flight training shall take place, the additional flight time
      required for the ferry flight to and/or from the base training field shall
      not be deducted from the base flight training
      allowance.

              

      

    

     

    However,
if the base flight training is performed outside of the zone where the Seller
usually performs such training, the ferry flight to the location where the base
flight training shall take place shall be performed by a crew composed of the
Seller’s and/or the Buyer’s qualified pilots, in accordance with the Aviation
Authorities’ regulations related to the place of performance of the base flight
training.

     

    
      	
              16.3.1.3

            	
              [xxx]

            

    

     

    The
Seller shall provide free of charge
[xxx]         for a total of [xxx]
of the Buyer’s flight crews having followed Flight Crew Training as per Clause
16.3.1.1 above.

     

    UNQUOTE

    
      	
              2.2

            	
              With
      respect to the Incremental Aircraft, the provisions contained in clause
      16.3.3 of the Second A320 Family Purchase Agreement are hereby cancelled
      in their entirety and replaced by the following quoted
      provisions:

            

    

     

    QUOTE

     

    
      	
              16.3.3

            	
              Maintenance
      Training

            

    

     

    The
Seller shall provide to the Buyer [xxx] of maintenance training [xxx] for the
Buyer’s personnel.

     

    The
available courses are listed in the Seller’s applicable Training Courses
Catalog.

     

    The above
trainee days shall be used solely for the Maintenance training courses as
defined in the Seller’s applicable Training Courses Catalog.

     

    Within
the above trainee days allowance, the number of Engine Run-up courses shall be
limited to [xxx] per Incremental Aircraft and to a [xxx] in total.

     

    The Buyer
shall provide the Seller with an attendance list of trainees at the latest [xxx]
the start of the training course.

     

    The
practical training provided in the frame of maintenance training is performed
exclusively on the training devices in use in the Seller’s Training Centers or
Affiliated Training Centers.

    

      
        
           

        

        
          3/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No06

     

    In the
event of practical training on aircraft being requested by the Buyer, such
practical training can be organized with the assistance of the Seller, in
accordance with Clause 16.3.3

     

    UNQUOTE

    
      	
              2.3

            	
              With
      respect to the Incremental Aircraft, the provisions contained in clause
      16.3.7 of the Second A320 Family Purchase Agreement are hereby cancelled
      in their entirety and replaced by the following quoted
      provisions:

            

    

     

    QUOTE

    
      	
              16.3.7

            	
              Trainee
      days accounting

            

    

     

    Trainee
days are counted as follows:

     

    For
instruction at the Seller’s Training Centers or Affiliated Training
Centers:  [xxx] of instruction for [xxx] trainee equals [xxx] trainee
day. The number of trainees originally registered at the beginning of the course
shall be counted as the number of trainees to have taken the
course.

     

    For
instruction outside of the Seller’s Training Centers or Affiliated Training
Centers: [xxx] day of instruction by [xxx] Seller Instructor equals the actual
number of trainees attending the course or a minimum of [xxx] trainee days,
except for structure maintenance training course(s).

     

    For
structure maintenance training courses outside the Seller’s Training Center(s)
or Affiliated Training Centers, [xxx]    day of instruction
by [xxx]    Seller Instructor equals the actual number of
trainees attending the course or the minimum number of trainees as indicated in
the Seller’s Customer Services Catalog.

     

    For
practical training, whether on training devices or on aircraft,
[xxx]    day of instruction by
[xxx]    Seller Instructor equals the actual number of
trainees attending the course or a minimum of
[xxx]    trainee days.

     

    UNQUOTE

     

    
      	
              3

            	
              SELLER
      REPRESENTATIVE SERVICES

            

    

     

    
      	
              3.1

            	
              The
      Parties agree that the Seller’s representative allocations provided to the
      Buyer under clause 15.1.1 of the Second A320 Purchase Agreement shall not
      be applicable to the Incremental Aircraft. In substitution, the Seller
      shall provide the Buyer with the Seller Representative allocation for the
      Incremental Aircraft as defined
hereunder.

            

    

     

    QUOTE

    

      
        
           

        

        
          4/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No06

     

    
      	
              15.1

            	
              The
      Seller shall provide to the Buyer, Seller Representative services at the
      Buyer’s main base or at other locations to be mutually agreed for a total
      of One Hundred and Forty-four (144)
man-months.

            

    

     

    For the
sake of clarification, such Seller Representatives’ services shall include
initial Aircraft Entry Into Service (EIS) assistance and sustaining support
services.

     

    The
number of the Seller Representatives assigned to the Buyer at any one time shall
be mutually agreed, but shall at no time exceed three (3) Seller
Representatives.

     

    UNQUOTE

     

    
      	
              4

            	
              TECHNICAL
      DATA AND SOFTWARE REVISION SERVICE

            

    

     

    
      	
              4.1

            	
              The
      Parties agree that the terms and conditions of the Technical Publications
      Revision Service (now called Technical Data and Software Revision Service)
      provided to the Seller under clause 14.4.1 of the Second A320 Purchase
      Agreement shall not be applicable to the Incremental Aircraft. In
      substitution, the Seller shall provide the Buyer with the Technical Data
      and Software Revision Service for the Incremental Aircraft as defined
      hereunder.

            

    

     

    QUOTE

     

    
      	
              14.4.1

            	
              General

            

    

     

    For each
firmly ordered Incremental Aircraft covered under the Amendment No 5, the
Technical Data and Software Revision Service shall be provided
[xxx]

    [xxx]    basis
for a period of [xxx]

    [xxx].

     

    Thereafter
the Revision Service shall be provided in accordance with the terms and
conditions set forth in the Seller’s then current Customer Services
Catalog.

     

    Mandatory
changes (including Aviation Authority Airworthiness Directives) and Alert
Service Bulletins shall be incorporated into the Technical Publications at no
charge [xxx]

     

    
      UNQUOTE

    

     

    
      	
              5

            	
              LOAD
      AND TRIM SHEET SOFTWARE

            

    

     

    
      	
              5.1

            	
              Description

            

    

     

    The
“Load and Trim Sheet
Software” (LTS) is a ground software which allows the Buyer to produce,
for a given aircraft configuration, a cabin configuration combination, a paper
trim sheet with the standard Airbus layout and its associated AHM 560
document.

    

      
        
           

        

        
          5/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No06

     

    
      	
              5.2

            	
              Commercial
      Conditions

            

    

     

    For the
avoidance of doubt, the Parties agree that the [xxx] for LTS as provided through
clause 4.2 of the letter agreement No. 7 of the Amendment 2 of the Second A320F
Purchase Agreement[xxx] and for the  [xxx] It being understood
that both Parties further agree that the term “Buyer’s fleet” therein referred
shall be defined as the Seller’s aircraft in operation and firmly ordered at the
time of signature of the subject letter agreement No. 7 and including
[xxx].

     

    Notwithstanding
the foregoing, LTS shall be provided to the Buyer [xxx] for [xxx] for the period
of time between the Delivery of the applicable Incremental Aircraft and the 31
December of the year of its Delivery.

     

    After
said period, the LTS shall be [xxx] to the Buyer at standard[xxx]  as
set forth in the Seller’s then current Customer Services Catalog.

     

    
      	
              5.3

            	
              Delivery

            

    

     

    Delivery
of LTS shall be mutually scheduled and agreed upon between the
parties.

     

    
      	
              5.4

            	
              Installation

            

    

     

    Prerequisites
to the functioning of LTS and conditions of site preparation shall be indicated
by the Seller to the Buyer.

     

    [xxx]

    

    
      	
              5.5

            	
              Support

            

    

     

    Support,
assistance and training may be provided upon the Buyer’s request on a chargeable
basis at the rates defined in the Seller’s Customer Services
Catalog.

     

    
      	
              5.6

            	
              Licence

            

    

     

    The use
of LTS by the Buyer is subject to the signature of the applicable LTS License
Agreement by the Buyer.

     

    
      	
              6.

            	
              ASSIGNMENT

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°6.

     

    
      	
              7.

            	
              CONFIDENTIALITY

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°6 are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

    

      
        
           

        

        
          6/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No06

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°6 to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

    

    LAN
AIRLINES S.A.

    

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

    

      
        
           

        

        
          7/8

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No7A

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°7A to
Amendment N°5 (the “Letter
Agreement N°7A”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N° 7A, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°7A.

    

      
        
           

        

        
          1/21

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No7A

     

    This
Letter Agreement No.7A shall be applicable to the [xxx]

    
      
        	
                1

              	
                [xxx]

              

      

    

    

    
      
        	
                2 

              	
                [xxx]

              

      

    

     

    
      
        	
                3 

              	
                [xxx]

              

      

    

     

    
      	
              4 

            	
              [xxx]

            

    

    
      	
              5

            	
              [xxx]

            

    

     

    
      	
              6 

            	
              [xxx]

            

    

    
      	
              7

            	
              [xxx]

            

    

     

    
      	
              8

            	
              [xxx]

            

    

     

    
      	
              9

            	
              [xxx]

            

    

     

    
      	
              10. 

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement No
7A.

     

    
      	
              11. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°7A are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

    

      
        
           

        

        
          2/21

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No7A

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°7A to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      VP Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

    

      
        
           

        

        
          3/21

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No7A

     

    [xxx]

    

      
        
           

        

        
          21/21

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No7B

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°7B to
Amendment N°5 (the “Letter
Agreement N°7B”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°7B, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°7B.

     

    
    

    
      
        
           

        

        
          1/20

          
            

          

        

        
           

        

      

    

    

    LETTER AGREEMENT
No7B

     

    This
Letter Agreement No.7B shall be applicable to the [xxx]

     

    
      	
              1

            	
              [xxx]

            

    

     

    
      	
              2 

            	
              [xxx]

            

    

     

    
      
        	
                3

              	
                [xxx]

              

      

    

     

    
      	
              4

            	
              [xxx]

            

    

     

    
      	
              5

            	
              [xxx]

            

    

     

    
      	
              6

            	
              [xxx]

            

    

     

    
      	
              7 

            	
              [xxx]

            

    

     

    
      	
              8

            	
              [xxx]

            

    

     

    
      	
              9

            	
              [xxx]

            

    

     

    
      	
              10.

            	
              Assignment

            

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement No
7B.

     

    
      	
              11.

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°7B are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

    

      
        
           

        

        
          2/20

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
N°7B

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°7B to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

    

      
        
           

        

        
          3/20

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No7B

     

    [xxx]

    

      
        
           

        

        
          20/20

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No8

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5” ), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this letter agreement N°8 to
Amendment N°5 (the “Letter
Agreement N°8”) shall have the meanings assigned thereto in the Second
A320 Family Purchase Agreement and/or Amendment N°5 as the case may
be.

     

    Both
Parties agree that this Letter Agreement N°8, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement N°8.

    

      
        
           

        

        
          1/3

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
No8

     

    
      
        	
                1.

              	
                [xxx]

              

      

    

     

    
      
        	
                2.

              	
                Assignment

              

      

    

     

    The
Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall
govern the assignability and transferability of each Party’s rights and
obligations under this Letter Agreement N°8.

     

    
      	
              3. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Letter Agreement N°8 are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

    

      
        
           

        

        
          2/3

          
            

          

        

        
           

        

      

    

     

    LETTER AGREEMENT
N°8

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Letter
Agreement N°8 to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

     

    
      
        
           

        

        
          3/3

          
            

          

        

        
           

        

      

    

     

    SIDE LETTER No1

     

    LAN
AIRLINES S.A.

    Edificio
Huidobro

    Avenida
Presidente Riesco 5711

    Las
Condes

    Santiago
- Chile

     

    Subject :
[xxx]

     

    LAN
Airlines S.A (the “Buyer”) and Airbus S.A.S. (the
“Seller”) have entered
into an amendment N°5 to the Second A320 Purchase Agreement (as defined therein)
dated of even date herewith (“Amendment N°5”), and which
covers the manufacture and the sale by the Seller and the purchase by the Buyer
of the Incremental Aircraft described therein.

     

    Capitalized
terms used herein and not otherwise defined in this side letter N°1 to Amendment
N°5 (the “Side Letter
N°1”) shall have the meanings assigned thereto in the Second A320 Family
Purchase Agreement and/or Amendment N°5 as the case may be.

     

    Both
Parties agree that this Side Letter N°1, upon execution thereof, shall
constitute an integral, non-severable part of said Amendment N°5 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Side Letter N°1.

     

    
      
         

      

      
        1/4

        
          

        

      

      
         

      

    

    SIDE LETTER No1

     

    
      	
              1.

            	
              [xxx]

            

    

     

    2.  [xxx]

     

    
      	
              3. 

            	
              Assignment

            

    

     

    This Side
Letter N°1 and the rights and obligations of the Buyer herein shall not be
assigned or transferred in any manner without the prior written consent of the
Seller, and any attempted assignment or transfer in contravention of the
provisions of this Side Letter N°1 shall be void and of no force or
effect.

     

    
      	
              4. 

            	
              Confidentiality

            

    

     

    Each of
the Parties hereto agree that the provisions of this Side Letter N°1 are
personal to it and will not without the prior written consent of the other
Parties disclose such information to any other Party. [xxx]

     

    
      
         

      

      
        2/4

        
          

        

      

      
         

      

    

    SIDE LETTER
N°1

     

    If the
foregoing correctly sets forth our understanding, please execute two (2)
originals in the space provided below and return one (1) original of this Side
Letter N°1 to the Seller.

    

    
      
        	
                Agreed
      and Accepted

              	
                Agreed
      and Accepted

              
	 	 
	
                For
      and on behalf of

              	
                For
      and on behalf of

              

      

    

    

    
      
        
          
            
              
                
                  	
                          LAN
      AIRLINES S.A.

                        	 
      	
                          AIRBUS
      S.A.S.

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          By

                        	
                          :

                        	
                          /s/
      Roberto Alvo

                        	 
      	
                          By

                        	
                          :

                        	
                          /s/
      Christophe Mourey

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Its

                        	
                          :

                        	
                          Senior
      V.P. Corporate Development & Strategic Planning

                        	 
      	
                          Its

                        	
                          :

                        	
                          Senior
      Vice President Contracts

                        
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          Date

                        	
                          :

                        	 
      	 
      	
                          Date

                        	
                          :

                        	 
      

                

              

            

          

        

      

    

     

    LAN
AIRLINES S.A.

     

    
      
        
          
            
              	
                      By

                    	
                      :

                    	
                      /s/
      Armando Valdivieso

                    
	 
      	 
      	 
      
	
                      Its

                    	
                      :

                    	
                      Gerente
      General de Pasajeros

                    
	 
      	 
      	 
      
	
                      Date

                    	
                      :

                    	 
      

            

          

        

      

    

    

      
        
           

        

        
          3/4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]