EXHIBIT 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

This Second Amendment to Credit Agreement (this “Amendment”) dated as of
July 30, 2008 is by and among Advanced Medical Optics, Inc., a Delaware
corporation (the “Borrower”), the Guarantors, certain of the Revolving Credit
Lenders and Bank of America, N.A., as Administrative Agent on behalf of itself
and the Lenders. All capitalized terms used herein but not otherwise defined
herein shall have the meanings provided to such terms in the Credit Agreement
(as defined below).

W I T N E S S E T H

WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent
have entered into that certain Credit Agreement dated as of April 2, 2007 (as
amended or modified from time to time, the “Credit Agreement”);

WHEREAS, the Borrower has requested that the Revolving Credit Lenders amend the
Credit Agreement as set forth herein; and

WHEREAS, the Revolving Credit Lenders have agreed to amend the Credit Agreement
on the terms and conditions set forth herein.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1. Amendment. The first grid in Section 8.11(a) of the Credit Agreement is
hereby amended and restated to read as follows:

 

Four-Fiscal Quarter

Period Ending

   Ratio

September 28, 2007

   5.75:1.00

December 31, 2007

   5.75:1.00

March 28, 2008

   5.25:1.00

June 27, 2008

   5.25:1.00

September 26, 2008

   5.00:1.00

December 31, 2008

   5.00:1.00

March 27, 2009

   5.00:1.00

June 26, 2009

   5.00:1.00

September 25, 2009

   4.75:1.00

December 31, 2009

   4.50:1.00

March 26, 2010

   4.50:1.00

June 25, 2010

   4.25:1.00

September 24, 2010

   4.25:1.00

December 31, 2010

   4.00:1.00

March 25, 2011

   4.00:1.00

June 24, 2011

   3.75:1.00

September 30, 2011

   3.75:1.00

December 31, 2011 and thereafter

   3.50:1.00

2. Conditions Precedent. This Amendment shall be effective upon satisfaction of
the following conditions precedent:

(a) receipt by the Administrative Agent of this Amendment executed by the
Borrower, the Guarantors, the Revolving Credit Lenders holding more than 50% of
the Revolving Credit Commitments (other than Defaulting Lenders) and the
Administrative Agent; and

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(b) receipt by the Administrative Agent (for distribution to the applicable
Revolving Credit Lenders) of all fees and expenses required to be paid by the
Borrower on or before the date hereof.

3. Miscellaneous.

(a) The Credit Agreement (as amended by this Amendment), and the obligations of
the Loan Parties thereunder and under the other Loan Documents, are hereby
ratified and confirmed and shall remain in full force and effect according to
their terms.

(b) Each Guarantor (i) acknowledges and consents to all of the terms and
conditions of this Amendment, (ii) affirms all of its obligations under the Loan
Documents, (iii) agrees that this Amendment and all documents executed in
connection herewith do not operate to reduce or discharge its obligations under
the Credit Agreement or the other Loan Documents and (iv) hereby confirms and
agrees that its Guarantee shall continue and remain in full force and effect
after giving effect to this Amendment and that, notwithstanding any contrary
terms in such Guarantee, such Guarantee now applies to the Credit Agreement as
amended by this Amendment.

(c) The Borrower and the Guarantors hereby represent and warrant as follows:

(i) Each Loan Party has taken all necessary action to authorize the execution,
delivery and performance of this Amendment.

(ii) This Amendment has been duly executed and delivered by the Loan Parties and
constitutes each of the Loan Parties’ legal, valid and binding obligations,
enforceable in accordance with its terms, except as such enforceability may be
subject to (A) bankruptcy, insolvency, reorganization, fraudulent conveyance or
transfer, moratorium or similar laws affecting creditors’ rights generally and
(B) general principles of equity (regardless of whether such enforceability is
considered in a proceeding at law or in equity).

(iii) No consent, approval, authorization or order of, or filing, registration
or qualification with, any court or governmental authority or third party is
required in connection with the execution, delivery or performance by any Loan
Party of this Amendment, other than those of the Revolving Credit Lenders and
the Administrative Agent and those that have already been obtained and are in
full force and effect as of the date hereof.

(d) The Loan Parties represent and warrant to the Lenders that (i) the
representations and warranties of the Loan Parties set forth in Article VI of
the Credit Agreement and in each other Loan Document are true and correct in all
material respects as of the date hereof with the same effect as if made on and
as of the date hereof, except to the extent such representations and warranties
expressly relate solely to an earlier date and (ii) no event has occurred and is
continuing which constitutes a Default or an Event of Default.

(e) The Borrower agrees to pay all reasonable and documented out-of-pocket costs
and expenses of the Administrative Agent in connection with the preparation,
execution and delivery of this Amendment, including without limitation the
reasonable fees and expenses of Moore & Van Allen PLLC.

(f) This Amendment may be executed in any number of counterparts, each of which
when so executed and delivered shall be an original, but all of which shall
constitute one and the same instrument. Delivery of an executed counterpart of
this Amendment by telecopy, facsimile or electronic delivery (in pdf format)
shall be effective as an original and shall constitute a representation that an
executed original shall be delivered.

 

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(g) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL
BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Amendment to be duly executed and delivered as of the date and year first above
written.

 

BORROWER:  

ADVANCED MEDICAL OPTICS, INC.,

a Delaware corporation

  By:  

/s/ MICHAEL J. LAMBERT

  Name:   Michael J. Lambert   Title:   Executive Vice President and Chief
Financial Officer

 

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Amendment to be duly executed and delivered as of the date and year first above
written.

 

GUARANTORS:  

AMO HOLDINGS, INC.,

a Delaware corporation

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

AMO MANUFACTURING USA, LLC (formerly known as Visx, Incorporated),

a Delaware limited liability company

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

AMO USA, LLC (formerly known as AMO USA, INC.),

a Delaware limited liability company

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

QUEST VISION TECHNOLOGY, INC.,

a California corporation

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

AMO WAVEFRONT SCIENCES, LLC (formerly known as WaveFront Sciences, Inc.),

a New Mexico limited liability company

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

AMO DEVELOPMENT, LLC (formerly known as Intralase Corp.),

a Delaware limited liability company

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

AMO SALES AND SERVICE, INC.,

a Delaware corporation

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer

 

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AMO US HOLDINGS, INC.,

a Delaware corporation

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

AMO USA SALES HOLDINGS, INC.,

a Delaware corporation

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer  

INTEGRATED SURGICAL SOLUTIONS, LLC,

a Delaware limited liability company

  By:  

/s/ VINCENT E. SCULLIN, JR.

  Name:   Vincent E. Scullin, Jr.   Title:   Vice President and Treasurer

 

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Amendment to be duly executed and delivered as of the date and year first above
written.

 

 

BANK OF AMERICA, N.A.,

as Administrative Agent

  By:  

/s/ ALYSA TRAKAS

  Name:   Alysa Trakas   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

 

BANK OF AMERICA, N.A.,

as a Revolving Credit Lender

  By:  

/s/ ALYSA TRAKAS

  Name:   Alysa Trakas   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  CITIBANK N.A.   By:  

/s/ ALLEN FISHER

  Name:   Allen Fisher   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  COMMERZBANK AKTIENGESELLSCHAFT NEW YORK AND GRAND CAYMAN BRANCHES   By:  

/s/ ANDREW R. CAMPBELL

  Name:   Andrew R. Campbell   Title:   Senior Vice President   By:  

/s/ ANTHONY GIRALDI

  Name:   Anthony Giraldi   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  JP MORGAN CHASE, N.A.   By:  

/s/ CAMILLE FARNSWORTH

  Name:   Camille Farnsworth   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  PNC BANK, NATIONAL ASSOCIATION   By:  

/s/ DOROTHY G.W. BRAILER

  Name:   Dorothy G.W. Brailer   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  UBS LOAN FINANCE, LLC   By:  

/s/ DAVID B. JULIE

  Name:   David B. Julie   Title:   Associate Director   By:  

/s/ IRIA R. OTSA

  Name:   Iria R. Otsa   Title:   Associate Director

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  UNION BANK OF CALIFORNIA, N.A.   By:  

/s/ STEPHEN W. DUNNE

  Name:   Stephen W. Dunne   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  U.S. BANK NATIONAL ASSOCIATION   By:  

/s/ JOYCE P. DORSETT

  Name:   Joyce P. Dorsett   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  THE GOVERNOR & COMPANY OF THE BANK OF IRELAND   By:  

/s/ ANNE DONOVAN

  Name:   Anne Donovan   Title:   Manager   By:  

/s/ P. RUSHE

  Name:   P. Rushe   Title:   Director

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  HSBC BANK USA, N.A.   By:  

/s/ STEVEN T. BRENNAN

  Name:   Steven T. Brennan   Title:   First Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  FORTIS CAPITAL CORP.   By:  

/s/ JOHN W. DEEGAN

  Name:   John W. Deegan   Title:   Director and Group Head   By:  

/s/ CAMIEL VAN DE GRIFT

  Name:   Camiel Van De Grift   Title:   Assistant Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

 

AIB DEBT MANAGEMENT, LIMITED

  By:  

/s/ JOSEPH AUGUSTINI

  Name:   Joseph Augustini   Title:  

Senior Vice President

Investment Advisor to AIB Debt Management, Limited

  By:  

/s/ SHANE O’DRISCOLL

  Name:   Shane O’Driscoll   Title:  

Senior Vice President

Investment Advisor to AIB Debt Management, Limited

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  GENERAL ELECTRIC CAPITAL CORPORATION   By:  

/s/ PETER B. ZONE

  Name:   Peter B. Zone   Title:   Its Duly Authorized Signatory

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

 

NATIONAL CITY BANK,

as a Revolving Credit Lender

  By:  

/s/ PAMELA K. MALONY

  Name:   Pamela K. Malony   Title:   Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

 

WELLS FARGO FOOTHILL, LLC,

as a Revolving Credit Lender

  By:  

/s/ KRISTA WADE

  Name:   Krista Wade   Title:   Assistant Vice President

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  GOLDMAN SACHS CREDIT PARTNERS, L.P.   By:  

/s/ ANDREW CADITZ

  Name:   Andrew Caditz   Title:   Authorized Signatory

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

  LOAN FUNDING V, LLC   By  

Prudential Investment Management, Inc.

as Portfolio Manager

    By:  

/s/ WILLIAM PAPPAS

    Name:   William Pappas     Title:   Vice President

 

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