Document:

First Supplement and Amendment to Lease Contract

  
 Exhibit 10.2

  
  
 FIRST SUPPLEMENT AND AMENDMENT TO LEASE CONTRACT 
  
 NOW COMES the PUERTO RICO INDUSTRIAL DEVELOPMENT COMPANY (hereinafter referred to as the “LANDLORD”) and OCULAR SCIENCES PUERTO RICO, INC. (hereinafter referred to as the “TENANT”)
and agree to further supplement and amend a certain Lease Contract entered into by them on November 6, 2003, (hereinafter referred to as the “Contract”) covering certain landsite and buildings located at JUANA DIAZ, Puerto Rico,
therein identified as Project No. S-1501-0-97, hereinafter referred to as the “Original Premises”), in the following aspects: 
  
 LANDLORD is the owner of Project No. S-1501-0-97, previously leased to TENANT for its manufacturing activities, (hereinafter referred
as the “ORIGINAL PREMISES”). LANDLORD authorizes Tenant to construct a 62,275 square feet extension to the Original Premises for the use of TENANT, (hereinafter referred as the “NEW EXTENSION”). Upon completion of the NEW
EXTENSION, a description thereof shall be included through a supplement and amendment to this Contract. 
  
 In consideration of the foregoing premises, the parties herein agree to condition the lease of the exiting project and of the NEW EXTENSION to the
following terms and conditions: 
  
 ONE: The NEW EXTENSION,
as well as the ORIGINAL PREMISES, shall be used and occupied exclusively in the manufacture, packaging and distribution of soft contact lenses and related products (SIC.#3851). 
  
 TWO: Tenant shall hold the Premises for a period of fifteen (15) years. 
  
 THREE: The rent for the NEW EXTENSION shall commence on the first day
of the month following the actual payment by Landlord to Tenant of the construction reimbursement amount. The rental rate for the NEW EXTENSION shall be $4.75 per square feet per annum. The rental rate for the ORIGINAL FACILITIES
(S-1501-0-97) shall remain at $3.70 per square feet per annum until February 28, 2011. Thereafter the rental rate for the ORIGINAL PREMISES shall be $4.25 per square feet per annum until the expiration of the term of the Lease Contract, as
amended. 
  

 FOUR: The rental rate for the NEW EXTENSION is based on an estimated construction cost. In the
event that after the final works are performed, if the final construction cost results less than the estimated construction cost Landlord will adjust the rental rate, depending on the actual costs incurred to complete the construction project.

  
 FIVE: TENANT will obtain the necessary permits from the
concerned government agencies for the construction of this extension. Plans and specifications of said construction shall be the responsibility of Tenant and shall be submitted to Landlord’s Engineering Office for its evaluation and approval.

  
 SIX: Landlord shall have the right to supervise the
construction project in coordination with Tenant. 
  
 SEVEN:
Landlord shall reimburse Tenant for the construction of the new extension after the final certification of the corresponding offices of our Infrastructure Development Area, an amount not to exceed $2,975,000.00. If the final construction costs
exceeds the aforementioned cost, Tenant will not be reimbursed or compensated for said excess. 
  
 EIGHT: Construction cost shall include basic design fees as per rates of the Professional Engineers and Surveyors Association of Puerto Rico. All works are to be done by local firms authorized to work under the
Laws and Regulations of Puerto Rico. 
  
 NINE: Tenant
hereby acknowledges and accepts that Landlord has incurred in certain expenses related to the requested NEW EXTENSION. Should the proposed construction of the NEW EXTENSION be cancelled by Tenant the following expenses incurred by Landlord shall be
reimbursed by Tenant upon presentation of adequate evidence: 
  

	 	a.	Soil Studies 

  

	 	b.	Designing Fees 

  

	 	c.	Other related construction cost 

  

	 	d.	Survey 

  
 TEN: It is hereby agreed and understood that the completion of minor details of construction or the correction of certain defects which do not impede occupancy or other activities related to the installation of
machinery and equipment and the initiation of industrial operations in the NEW EXTENSION, shall in no way affect the date of completion of construction. 
  

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 ELEVEN: In the event that TENANT decides to cease operations in Puerto Rico, prior to the
termination of the Lease Contract, TENANT shall reimburse LANDLORD for the unamortized portion of the Construction Costs, which will be amortized on a straight the line basis over a period of fifteen (15) years. 
  
 TWELVE: Should this construction project be cancelled prior to
completion, TENANT will reimburse to LANDLORD the design fees and any other costs incurred subject to the presentation by LANDLORD of adequate evidence to the effect that the corresponding expenses were made. 
  
 THIRTEEN: Any special facilities including but not limited to
landscaping, shall be at TENANT’s own cost and expense. 
  
 FOURTEEN: Landlord will permit Tenant the use of Lots 17 & 18 of L-384-0-80 free of charge. Said lots will be used exclusively as employee and visitors parking area. Tenant will construct said parking area at their own cost and
expense, in coordination with Landlord’s Engineering Office. 
  
 FIFTEEN: TENANT’s parent Company shall guarantee the agreements set forth in this amendment to the Lease Contract. 
  
 SIXTEEN: This Supplement and Amendment to the Lease Contract is subject to the approval of LANDLORD’s Board of Directors. 

 
 SEVENTEEN: The Lease Contract of Project S-1501-0-97 shall be
amended to include the new extension and shall be executed between TENANT and LANDLORD setting forth the terms and conditions under which the new extension will be constructed. All of the other terms of the original Contract shall
remain in all its effect. 
  
 EIGHTEEN: Simultaneously
herewith TENANT shall deposit with LANDLORD the amount of $35,496.75 in Certified Check. 
  
 This deposit shall guarantee the compliance by TENANT of its obligations, under this Contract, particularly, but not limited to, the payment of rent, the compliance of the environmental clauses herein included
and the return of the Premises in proper condition at the termination of this Lease. On said termination, if TENANT is not in default of any of the terms and conditions of this Contract, LANDLORD will return to TENANT the sum of
money, if any, held pursuant to this provision, after LANDLORD’s 

  

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$26,000,000.00, installed in the Premises and that TENANT is currently employing a minimum of one hundred eighteen (180) production
workers, (Payroll $4,256,328.00). 
  
 The aforementioned
levels of capitalization, machinery and equipment and employment herein required are not in addition to those required in the previous lease contract; and shall be maintained throughout the term of this Lease or any extension thereof. 
  
 TWENTY: “Upon completion of the construction of the Extension,
Landlord shall describe said Extension and said description shall be included and made part of this Supplement and Amendment to Lease Contract.” 
  
 TWENTYONE: All notices, demands, approvals, consents and/or communications herein required or permitted shall be in writing. If by mail should be
certified and to the following addresses; to LANDLORD: P. O. BOX 362350, SAN JUAN, PUERTO RICO 00936-2350. To TENANT: Mr. Fernando Torre, General Manager Ocular Science Puerto Rico, Inc., 500 Carr. 584, Lot 7, Amuelas
Industrial Park, Juana Diaz, P.R. 00795. 
  
 IN WITNESS
WHEREOF, LANDLORD and TENANT have respectively signed upon proper authority this Lease, this 30 day of December, 2003. 
  

			
	PUERTO RICO INDUSTRIAL DEVELOPMENT COMPANY
	
	S.S. #66-0292871
		
	BY:	 	

	 	 	 Illegible

	
	OCULAR SCIENCES PUERTO RICO, INC.
	
	SSP #66-0610667
		
	BY:Assignment of Lease Agreement

 EXHIBIT 10.3 
  
 ASSIGNMENT OF LEASE AGREEMENT 
  

This Assignment of Lease Agreement is made this 29th day of June, 2004 by and among OCULAR SCIENCES PUERTO RICO, INC., corporation organized and existing under the laws of the Commonwealth of Puerto Rico (hereinafter the “Assignor”); OCULAR
SCIENCES CAYMAN ISLANDS CORPORATION a corporation organized and existing under the laws of the Cayman Islands authorized to do business in Puerto Rico (hereinafter the “Assignee”); and the PUERTO RICO INDUSTRIAL DEVELOPMENT COMPANY, a
public corporation and an instrumentality of the Commonwealth of Puerto Rico (hereinafter the “Landlord”). 
  
 WITNESSETH 
  
 WHEREAS, the Assignor is the lessee of Project No. S-1501-0-97 and extension in Juana Diaz, Puerto Rico (the “Premises”) under a Lease Agreement dated November 6, 2003 between the Landlord and the Assignor (hereinafter the
“Lease”); and amended December 30, 2003, and 
  
 WHEREAS, the parties hereto desire that the Assignor transfer to the Assignee all of its rights and responsibilities, title and interest in, to and under the Lease with respect to the Premises. 
  
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
  
 1. The Assignor does hereby assign, transfer and deliver to the Assignee all
rights and responsibilities, title and interest of the Assignor in, to and under the Lease, to have and to hold Projects No. S-1501-0-97 and extension unto the Assignee, its successors and assigns, effective as of the date hereof and continuing for
the remainder of the term of the Lease and any extension thereto, subject, nevertheless, to the rents, covenants, conditions and provisions set forth therein. 
  

2. The Assignee for itself, its successors and assigns does hereby accept the Premises and covenants that it will pay all rent now due or hereafter
accruing after the date hereof according to the terms and conditions of the Lease, and will perform and observe all the covenants, conditions, stipulations and provisions in the Lease contained with such modifications and/or amendments thereto as
Landlord and Assignee may mutually agree, which are to be performed or observed by the lessee thereunder after the date hereof. 
  
 3. The Landlord hereby consents and agrees to the assignment of all of the Assignor’s rights and responsibilities, title and interest in, to and
under the Lease with respect to the Premises in favor of the Assignee, releasing the Assignor from any and all of its obligations under the Lease with respect to the Premises. 
  
 4. The Landlord hereby ratifies the Lease with respect to the Premises; and certifies: (a) that the Lease is in full force
and effect and has not been assigned, modified, supplemented or amended in any way; except for the modifications and amendments approved in this contract as mutually agreed to by Landlord and Assignee; (b) that neither party thereto is in 

 
default thereunder; (c) that the Lease and the December 30, 2003 amendment represents the entire agreement between the Landlord and the Assignor regarding
the lease of Projects No. S-1501-0-97 and extension; (d) that as of the date of this Agreement there are no existing defenses or offsets which the Landlord has to the enforcement of the Lease by the Assignor and/or the Assignee; and (e) that the
Assignor is not in arrears in the payment of rent under the Lease. Notwithstanding the above, Landlord reserves the right to assert its claims against the Assignor for any and all environmental conditions directly attributable to their occupancy of
the Premises including but without limiting ourselves, the septic tank systems shown in Schedule A to the Supplement and Amendment to Lease Contract. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the date hereinbefore set
forth. 
  

			
	 OCULAR SCIENCES PUERTO RICO, INC.
 SSP #
66-0610667

		
	By:	 	 /s/ Roland Torres

	Name:	 	Roland Torres
	Title:	 	General Manager
	
	 OCULAR SCIENCES CAYMAN ISLANDS CORPORATION
 SSP # 98-0213394

		
	By:	 	 /s/ Roland Torres

	Name:	 	Roland Torres
	Title:	 	General Manager
	
	 PUERTO RICO INDUSTRIAL DEVELOPMENT COMPANY
 SSP 66-0292871

		
	By:	 	 [/s/ Illegible]

	Name:	 	  

	Title:	 	  

  

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