Common use of Composition of the LATAM Board Clause in Contracts

Composition of the LATAM Board. TEP agrees that it will take all necessary action to ensure that at all times any individual who is a member of the board of directors of LATAM (the “LATAM Board”) and who was elected by it or designated to the LATAM Controlling Shareholders by it for such election and elected by it and/or the LATAM Controlling Shareholders (each, a “TEP Director”) shall also be a member of the board of directors of each of Holdco 1 and TAM. In the event of any vacancy on the board of directors of Holdco 1 (the “Holdco 1 Board”) or the board of directors of TAM (the “TAM Board” and, together with the Holdco 1 Board, the “Holdco 1 Group Boards”)”) resulting from the resignation, incapacity, retirement, death or removal (each, a “Departure”) of any member of such Holdco 1 Group Board who is a TEP Director, TEP shall cause such TEP Director to resign from the LATAM Board within five calendar days after the occurrence of such Departure, and the LATAM Board shall replace such TEP Director with an individual designated by TEP who shall serve on the LATAM Board until the next annual meeting of the shareholders of LATAM.

Composition of the LATAM Board. TEP agrees that it will take all necessary action to ensure that at all times any individual who is a member of the board of directors of LATAM (the “LATAM Board”) and who was elected by it or designated to the LATAM Controlling Shareholders by it for such election and elected by it and/or the LATAM Controlling Shareholders (each, a “TEP Director”) shall also be a member of the board of directors of each of Holdco 1 I and TAM. In the event of any vacancy on the board of directors of Holdco 1 I (the “Holdco 1 I Board”) or the board of directors of TAM (the “TAM Board” and, together with the Holdco 1 I Board, the “Holdco 1 I Group Boards”)”) resulting from the resignation, incapacity, retirement, death or removal (each, a “Departure”) of any member of such Holdco 1 I Group Board who is a TEP Director, TEP shall cause such TEP Director to resign from the LATAM Board within five calendar days after the occurrence of such Departure, and the LATAM Board shall replace such TEP Director with an individual designated by TEP who shall serve on the LATAM Board until the next annual meeting of the shareholders of LATAM.

Composition of the LATAM Board. TEP XXX agrees that it will take all necessary action to ensure that at all times any individual who is a member of the board of directors of LATAM (the “LATAM Board”) and who was elected by it or designated to the LATAM Controlling Shareholders by it for such election and elected by it and/or the LATAM Controlling Shareholders (each, a “TEP Director”) shall also be a member of the board of directors of each of Holdco 1 and TAM. In the event of any vacancy on the board of directors of Holdco 1 (the “Holdco 1 Board”) or the board of directors of TAM (the “TAM Board” and, together with the Holdco 1 Board, the “Holdco 1 Group Boards”)”) resulting from the resignation, incapacity, retirement, death or removal (each, a “Departure”) of any member of such Holdco 1 Group Board who is a TEP Director, TEP shall cause such TEP Director to resign from the LATAM Board within five calendar days after the occurrence of such Departure, and the LATAM Board shall replace such TEP Director with an individual designated by TEP who shall serve on the LATAM Board until the next annual meeting of the shareholders of LATAM.

Composition of the LATAM Board. TEP agrees that it will take all necessary action to ensure that at all times any individual who is a member of the board of directors of LATAM (the “LATAM Board”) and who was elected by it or designated to the LATAM Controlling Shareholders by it for such election and elected by it and/or the LATAM Controlling Shareholders (each, a “TEP Director”) shall also be a member of the board of directors of each of Holdco 1 I and TAM. In the event of any vacancy on the board of directors of Holdco 1 I (the “Holdco 1 I Board”) or the board of directors of TAM (the “TAM Board” and, together with the Holdco 1 I Board, the “Holdco 1 I Group Boards”)”) resulting from the resignation, incapacity, retirement, death or removal (each, a “Departure”) of any member of such Holdco 1 I Group Board who is a TEP Director, TEP shall cause such TEP Director to resign from the LATAM Board within five calendar days after the occurrence of such Departure, and the LATAM Board shall replace such TEP Director with an individual designated by TEP who shall serve on the LATAM Board until the next annual meeting of the shareholders of LATAM.