**Exhibit 4.12**

EXECUTION VERSION

AMENDMENTAGREEMENT

Dated 10 MARCH 2006

for

LUXOTTICA GROUP S.p.A.

AND

LUXOTTICA U.S.HOLDINGS CORP.

arranged by

ABN AMRO BANK N.V., BANCOF AMERICA SECURITIES LIMITED, BANCA

INTESA S.p.A., CALYONS.A., SUCCURSALE DI MILANO, CALYON NEW YORK

BRANCH, CAPITALIA S.p.A.,CITIGROUP GLOBAL. MARKETS LIMITED,

MEDIOBANCA - BANCA DICREDITO FINANZIARIO S.p.A., THE ROYAL BANK OF

SCOTLAND PLC AND

UNICREDIT BANCAMOBILIARE S.p.A.

with

BANC OF AMERICASECURITIES LIMITED, CITIGROUP GLOBAL MARKETS

LIMITED, THE ROYAL BANKOF SCOTLAND PLC AND UNICREDIT BANCA

MOBILIARE S.p.A.

acting asBookrunners

with

UNICREDITO ITALIANOS.p.A., NEW YORK BRANCH

UNICREDIT BANCA D’IMPRESAS.p.A,

acting as Agents

**RELATINGTO A MULTICURRENCY TERM AND**

**REVOLVINGFACILITIES AGREEMENT**

**DATED3 JUNE 2004**

 

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**CONTENTS**

| Clause                                       | ** ** | **Page**                          |
|----------------------------------------------|------------|-----------------------------------|
| 1.                                      |       | DEFINITIONS AND  INTERPRETATION   |   | 2 |
| 2.                                      |       | RESTATEMENT                       |   | 2 |
| 3.                                      |       | REPRESENTATIONS                   |   | 3 |
| 4.                                      |       | CONTINUITY AND FURTHER  ASSURANCE |   | 3 |
| 5.                                      |       | FEES, COSTS AND  EXPENSES         |   | 3 |
| 6.                                      |       | MISCELLANEOUS                     |   | 4 |
| 7.                                      |       | GOVERNING LAW                     |   | 4 |
|                                         |       |                              |   |   |
| SCHEDULE 1   CONDITIONS  PRECEDENT |       | 5                                 |
| SCHEDULE 2   RESTATED AGREEMENT    |       | 6                                 |

 

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**THIS AGREEMENT**isdated 10 March 2006 and made in Lugano between:

# (1)                                  **LUXOTTICA GROUP S.p.A**., as borrower (the “**Italian Borrower**”);

# (2)                                  **LUXOTTICA U.S. HOLDINGS CORP.**, as borrower(the “**US Borrower**” and, togetherwith the Italian Borrower, the “**Borrowers**”);

# (3)                                  **LUXOTTICA GROUP S.p.A**., **LUXOTTICA S.r.l.** and **LUXOTTICA U.S. HOLDINGS CORP.** as guarantors(the “**Guarantors**”);

# (4)                                  **ABN AMRO BANK N.V., BANC OF AMERICA SECURITIESLIMITED, BANCA INTESA S.p.A., CALYON S.A., SUCCURSALE DI MILANO, CALYON NEWYORK BRANCH, CAPITALIA S.p.A., CITIGROUP GLOBAL MARKETS LIMITED, MEDIOBANCA -BANCA DI CREDITO FINANZIARIO S.p.A., THE ROYAL BANK OF SCOTLAND PLC ANDUNICREDIT BANCA MOBILIARE S.p.A.**as mandated lead arrangers (whetheracting individually or together, the “**MandatedLead Arranger**”);

# (5)                                  **BANC OF AMERICA SECURITIES LIMITED, CITIGROUP GLOBALMARKETS LIMITED, THE ROYAL BANK OF SCOTLAND PLC AND UNICREDIT BANCA MOBILIARES.p.A.**, as bookrunners (whether acting individually or together, the“**Bookrunner**”);

# (6)                                  **ABN AMRO BANK N.V., ABN AMRO BANK N.V., MILAN BRANCH,BANCA DI ROMA S.p.A., BANCA INTESA S.p.A., BANCA MONTE DEI PASCHI DI SIENAS.p.A., BANCA MONTE DEI PASCHI DI SIENA S.pA., NEW YORK BRANCH, BANCA NAZIONALEDEL LAVORO S.p.A., BANCA NAZIONALE DEL LAVORO S.p.A., NEW YORK BRANCH, BANCOBILBAO VIZCAYA ARGENTARIA S.A., MILAN BRANCH, BANCO BILBAO VIZCAYA ARGENTARIAS.A., NEW YORK BRANCH, BANK OF AMERICA, N.A., MILAN BRANCH, BANK OFTOKYO-MITSUBISHI UFJ, LTD. MILAN BRANCH, BANK OF TOKYO-MITSUBISHI UFJ, LTD.LONDON BRANCH,, BAYERISCHE LANDESBANK, FILIALE DI MILANO, BAYERISCHELANDESBANK, NEW YORK BRANCH, CALYON S.A., SUCCURSALE DI MILANO, CALYON NEW YORKBRANCH, CITIBANK, N.A., CITIBANK, N.A., MILAN BRANCH, MEDIOBANCA - BANCA DICREDITO FINANZIARIO S.p.A., THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OFSCOTLAND PLC, MILAN BRANCH, UNICREDIT BANCA D’IMPRESA S.p.A. AND UNICREDITOITALIANO S.p.A. NEW YORK BRANCH** as lenders (whether actingindividually or together, the “**Lenders**”);

# (7)                                  **UNICREDIT BANCA D’IMPRESA S.p.A.**, as agentin relation to the Base Currency (as such term is defined in the OriginalFacility Agreement) (the “**Italian Agent**”);and

# (8)                                  **UNICREDITO ITALIANO S.p.A., NEW YORK BRANCH**,as agent in relation to the Optional Currency (as such term is defined in theOriginal Facility Agreement) (the “**US Agent**”and, together with the Italian Agent, the “**Agents**”).

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**IT IS AGREED**asfollows:

## 1.                                       **DEFINITIONS AND INTERPRETATION**

### 1.1.                              **Definitions**

In this Agreement:

“**Amendment and Restatement Date**” means thedate on which the Agent confirms to the Lenders and the Company that it hasreceived each of the documents listed in Schedule 1 (*Conditions Precedent*) in a form andsubstance satisfactory to the Agent (acting reasonably).

“**Original Facility Agreement**” means the €740,000,000and US$325,000,000 multicurrency term and revolving facilities agreement dated3 June 2004 between the Borrowers, the Guarantors, the Agents and others(as amended from time to time).

“**Restated Agreement**” means the OriginalFacility Agreement, as amended by this Agreement, the terms of which are setout in Schedule 2 (*Restated Agreement*).

### 1.2.                              **Incorporation of defined terms**

#### (a)                                  Unlessa contrary indication appears, a term defined in any other Finance Document hasthe same meaning in this Agreement.

#### (b)                                 Theprinciples of construction set out in the Original Facility Agreement shallhave effect as if set out in this Agreement.

### 1.3.                              **Clauses**

In this Agreement anyreference to a “Clause” or a “Schedule” is, unless the context otherwiserequires, a reference to a Clause or a Schedule to this Agreement.

### 1.4.                              **Third party rights**

A person who is not aparty to this Agreement has no right under the Contracts (Rights of ThirdParties) Act 1999 to enforce or to enjoy the benefit of any term of thisAgreement.

### 1.5.                              **Designation**

In accordance with theOriginal Facility Agreement, each of the Company and the Agent designates thisAgreement as a Finance Document.

## 2.                                       **RESTATEMENT**

### 2.1.                              **Restatement of the Original Facility Agreement**

With effect from theAmendment and Restatement Date, the Original Facility Agreement shall beamended and restated so that it shall be read and construed for all purposes asset out in Schedule 2 (*RestatedAgreement*).

The Restated Agreementshall include amendments to the following provisions of the Original FacilityAgreement: the definitions of “Consolidated Pro-Forma Financial Statements”, “ConsolidatedQuarterly Pro-Forma Financial Statements”, “Margin”, “Quotation Day”, “TerminationDate”, “Total Commitments” and “Total Facility C Commitments” in Clause 1.1 (*Definitions*), subparagraph (a)(ii) ofClause 12.1 (*Commitment fee*),subparagraph (viii) of Clause 

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22.6 (*Disposals*), sub-paragraph (b) ofClause 22.12 (*Indebtedness for BorrowedMoney*), Part II, Part III and Part IV ofSchedule 1 (*The Parties*) andSchedule 10 (*Authorised Signatories*)and shall contain two new Clauses 7A (*Extensionof Termination Date*) and 7.5 (*Extensionfee*).

## 3.                                       **REPRESENTATIONS**

The RepeatingRepresentations are deemed to be made by each Obligor (by reference to thefacts and circumstances then existing) on:

#### (a)                                  thedate of this Agreement; and

#### (b)                                 theAmendment and Restatement Date.

## 4.                                       **CONTINUITY AND FURTHER ASSURANCE**

### 4.1.                              **Continuing obligations**

The provisions of theOriginal Facility Agreement and the other Finance Documents shall, save asamended by this Agreement, continue in full force and effect.

### 4.2.                              **Further assurance**

Each Obligor shall, atthe request of the Agent and at its own expense, do all such acts and thingsnecessary or desirable to give effect to the amendments effected or to be effectedpursuant to this Agreement.

## 5.                                       **FEES, COSTS AND EXPENSES**

### 5.1.                              **Transaction expenses**

The Borrowers shall,within five Business pays of demand, reimburse the Agent for the amount of allcosts and expenses (including pre-agreed legal fees) reasonably incurred anddocumented by the Agent in connection with the negotiation, preparation,printing and execution of this Agreement and any other documents referred to inthis Agreement.

### 5.2.                              **Enforcement costs**

The Borrowers shall,within five Business Days of demand, pay to each Finance Party the amount ofall costs and expenses (including legal fees and any registration taxes)incurred and documented by that Finance Party in connection with theenforcement of, or the preservation of any rights under, this Agreement.

### 5.3.                              **Stamp taxes**

The Borrowers shall payand, within five Business Days of demand, indemnify each Finance Party againstany cost, loss or liability that Finance Party incurs in relation to all stampduty, registration and other similar Taxes payable in respect of any FinanceDocument (excluding for the avoidance of doubt, any stamp registration andother similar taxes arising or incurred in connection with a transfer,assignment or novation of any Facility or part thereof, unless such transfer,assignment or novation is entered into at the request of an Obligor).

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## 6.                                       **MISCELLANEOUS**

### 6.1.                              **Incorporation of terms**

The provisions of Clause32 (*Notices*), Clause 34 (*Partial Invalidity*), Clause 35 (*Remedies and waivers*), Clause 38 (*Governing Law*) and Clause 39 (*Enforcement*) of the Original FacilityAgreement shall be incorporated into this Agreement as if set out in full inthis Agreement and as if references in those clauses to “this Agreement” or “theFinance Documents” are references to this Agreement.

### 6.2.                              **Counterparts**

ThisAgreement may be executed in any number of counterparts, and this has the sameeffect as if the signatures on the counterparts were on a single copy of thisAgreement.

## 7.                                       **GOVERNING LAW**

This Agreement isgoverned by English law.

**This Agreement has been entered intoon the date stated at the beginning of this Agreement.**

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**SCHEDULE 1**

**CONDITIONS PRECEDENT**

##### 1.                                       **Obligors**

###### (a)                                  Acopy of the constitutional documents of each Obligor or a certificate of anauthorised signatory of each relevant Obligor certifying that theconstitutional documents previously delivered to the Agent for the purposes ofthe Original Facility Agreement have not been amended and remain in full forceand effect.

###### (b)                                 Acopy of a resolution of the board of directors of each Obligor:

(i)                                     approvingthe terms of, and the transactions contemplated by, this Agreement andresolving that it execute this Agreement; and

(ii)                                  authorisinga specified person or persons to execute this Agreement on its behalf.

###### (c)                                  Aspecimen of the signature of each person authorised by the resolution referredto in paragraph (b) above.

###### (d)                                 Acertificate of an authorised signatory of the relevant Obligor certifying thateach copy document relating to it specified in this Schedule 1 is correct,complete and in full force and effect as at a date no earlier than the date ofthis Agreement.

##### 2.                                       **Legal Opinions**

The following legal opinions in the form circulated to the Agent priorto the Amendment and Restatement Date:

###### (a)                                  alegal opinion of Clifford Chance LLP Studio Legale Associato, in associazionecon Clifford Chance as to matters of English law confirming the legal, validand binding nature of this Agreement,

###### (b)                                 alegal opinion of Allen & Overy Studio Legale Associate Milano as tomatters. of Italian law confirming that the Obligors incorporated in theRepublic of Italy have power and authority to execute this Agreement, insubstantially the same form as that supplied as a condition precedent toinitial Utilisation under the Original Facility Agreement.

###### (c)                                  alegal opinion of Allen & Overy LLP as to matters of US Law, insubstantially the same form as that supplied as a condition precedent toinitial Utilisation under the Original Facility Agreement.

##### 3.                                       **Other documents and evidence**

###### (a)                                  Evidencethat the amendment fee due on the date hereof from the Borrowers pursuant tothe letter from the Italian Borrower to the Agents dated 30 January 2006has been paid to the Agents.

###### (b)                                 Acopy of any other Authorisation or other document, opinion or assurance whichthe Agent considers to be necessary or desirable (if it has notified theCompany accordingly) in connection with the entry into and performance of thetransaction contemplated by this Agreement or for the validity andenforceability of this Agreement.

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**SIGNATURES**

**The Borrowers**

**LUXOTTICA GROUP S.p.A.**

By:

Address:  VIACANTU, 2, 20123, MILAN, ITALY

Fax:

 

**LUXOTTICA U.S. HOLDINGS CORP.**

By:

Address:  44,HARBOUR PARK DRIVE, PORT WASHINGTON, NEW YORK, 11050, USA

Fax:

 

** **

**The Guarantors**

**LUXOTTICA GROUP S.p.A.**

By:

Address:  VIACANTU, 2, 20123, MILAN, ITALY

Fax:

 

**LUXOTTICA S.r.l.**

By:

Address:  VIACANTU, 2, 20123, MILAN, ITALY

Fax:

 

**LUXOTTICA U.S. HOLDINGS CORP.**

By:

Address:  44,HARBOUR PARK DRIVE, PORT WASHINGTON, NEW YORK, 11050, USA

Fax:

 

 

**The Agents**

**UNICREDITO BANCA D’IMPRESA S.p.A.**

By:

Address: PRESIDIO TERRITORIALE POOL LOMBARDIA 6606, VIALE BODIO 29, 20158, MILAN,ITALY

Fax:

 

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**UNICREDITO ITALIANO S.p.A., NEW YORKBRANCH**

By:

Address:  430PARK AVENUE 9TH FLOOR, NEW YORK, NY 10022, UNITED STATES OF AMERICA

Fax:

 

 

**The Mandated Lead Arrangers**

**ABN AMRO BANK N.V.**

By:

Address:  

Fax:

 

**BANC OF AMERICA SECURITIES LIMITED**

By:

Address:

Fax:

 

**BANCA INTESA S.p.A.**

By:  CIACCIARAFFAELLA

Address:  PiazzaScala 6 - 20121 Milan (Italy)

Fax:  +39 0287943297

Attention:  CIACCIARAFFAELLA

 

**CALYON S.A., SUCCURSALE DI MILANO**

By:

Address:  

Fax:

 

**CALYON NEW YORK BRANCH**

By:

Address:  

Fax:

 

**CAPITALIA S.p.A.**

By:

Address:  

Fax:

8

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**CITIGROUP GLOBAL MARKETS LIMITED**

By:

Address:  

Fax:

 

**MEDIOBANCA - BANCA DI CREDITOFINANZIARIO S.p.A.**

By:

Address:  

Fax:

 

**THE ROYAL BANK OF SCOTLAND PLC**

By:

Address:  

Fax:

 

**UNICREDIT BANCA MOBILIARE S.p.A.**

By:

Address:  

Fax:

 

 

**The Bookrunners**

**BANC OF AMERICA SECURITIES LIMITED**

By:

Address:  

Fax:

 

**CITIGROUP GLOBAL MARKETS LIMITED**

By:

Address:  

Fax:

 

**THE ROYAL BANK OF SCOTLAND PLC**

By:

Address:  

Fax:

9

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** **

**UNICREDIT BANCA MOBILIARE S.p.A.**

By:

Address:  

Fax:

 

 

**The Lenders**

 

________________________________

for and on behalf of 

**ABN AMRO BANK N.V., MILAN BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**ABN AMRO BANK N.V.**

Facility Office for US Borrower:

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANCA DI ROMA S.p.A.**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANCA INTESA S.p.A. - New York Branch**

Facility Office for US Borrower:

By:  BAIOCCHIGIANCARLO

Address:  OneWilliam Street - New York USA

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Fax:  +12128099780

Attention: BAIOCCHI GIANCARLO

________________________________

for and on behalf of 

**BANCA MONTE DEI PASCHI DI SIENAS.p.A.**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANCA MONTE DEI PASCHI DI SIENAS.p.A., NEW YORK BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANCA NAZIONALE DEL LAVORO S.p.A.**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANCA NAZIONALE DEL LAVORO S.p.A.,NEW YORK BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANCO BILBAO VIZCAYA ARGENTARIA S.A.,MILAN BRANCH**

By:

Address:  

Fax:

11

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________________________________

for and on behalf of 

**BANCO BILBAO VIZCAYA ARGENTARIA S.A.,NEW YORK BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANK OF AMERICA, N.A., MILAN BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BANK OF AMERICA, N.A.**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**THE BANK OF TOKYO-MITSUBISHI UFJ,LTD. MILAN BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**THE BANK OF TOKYO-MITSUBISHI UFJ,LTD. LONDON BRANCH**

By:

Address:  

Fax:

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________________________________

for and on behalf of 

**BAYERISCHE LANDESBANK, FILIALE DIMILANO**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**BAYERISCHE LANDESBANK, NEW YORKBRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**CALYON S.A., SUCCURSALE MILANO**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**CALYON NEW YORK BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**CITIBANK, N.A., MILAN BRANCH**

By:

Address:  

Fax:

 

________________________________

for and on behalf of 

**CITIBANK, N.A.**

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Facility Office for US Borrower:

By:

Address:  

Fax:

________________________________

for and on behalf of 

**MEDIOBANCA - BANCA DI CREDITOFINANZIARO S.p.A.**

By:

Address:  

Fax:

________________________________

for and on behalf of 

**THE ROYAL BANK OF SCOTLAND PLC, MILANBRANCH**

By:

Address:  

Fax:

________________________________

for and on behalf of 

**THE ROYAL BANK OF SCOTLAND PLC**

Facility Office for US Borrower:

By:

Address:  

Fax:

________________________________

for and on behalf of 

**UNICREDIT BANCA D’IMPRESA S.p.A.**

By:

Address:  

Fax:

________________________________

for and on behalf of 

**UNICREDITOITALIANO S.p.A., NEW YORK BRANCH**

By:

Address:  

Fax:

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