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                                                                    EXHIBIT 10.3

                                    AMENDMENT
                                       TO
                           SECOND AMENDED AND RESTATED
                        AGREEMENT OF LIMITED PARTNERSHIP
                                       OF
                             GGP LIMITED PARTNERSHIP

         THIS AMENDMENT (the "Amendment") is made and entered into on November
12, 2004, by and among the undersigned parties.

                              W I T N E S S E T H:

         WHEREAS, a Delaware limited partnership known as GGP Limited
Partnership (the "Partnership") exists pursuant to that certain Second Amended
and Restated Agreement of Limited Partnership of GGP Limited Partnership dated
as of April 1, 1998, as amended (the "Second Restated Partnership Agreement"),
and the Delaware Revised Uniform Limited Partnership Act;

         WHEREAS, General Growth Properties, Inc., a Delaware corporation, is
the general partner of the Partnership (the "General Partner");

         WHEREAS, the Partnership and the General Partner have entered into that
certain Contribution Agreement dated the date hereof, pursuant to which the
General Partner has agreed to contribute certain property to the Partnership and
the Partnership has agreed to issue additional common units of partnership
interest to the General Partner and assume certain liabilities of the General
Partner (the "Assumed Liabilities"), including certain liabilities in respect of
loans owing by the General Partner (the "Loans"); and

         WHEREAS, the parties hereto, being the sole general partner of the
Partnership and the holders of a Majority-in-Interest of the Common Units,
desire to amend the Second Restated Partnership Agreement to (a) reflect such
issuance and certain other prior transfers and issuances of partnership units
and (b) set forth certain other understandings.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby agree
as follows:

         1. CAPITALIZED TERMS. Capitalized terms used but not defined herein
shall have the definitions assigned to such terms in the Second Restated
Partnership Agreement, as amended.

         2. ISSUANCE OF ADDITIONAL UNITS; ETC. Pursuant to the Contribution
Agreement, the Partnership hereby (a) issues to the General Partner additional
Common Units and (b) agrees that (i) upon issuance by the General Partner of
shares of its common stock pursuant to the CSA (as defined in the Contribution
Agreement), the Partnership shall issue to the General Partner an equal number
of Common Units and (ii) upon issuance by the General Partner of shares of its
preferred stock pursuant to the CSA, the Partnership shall issue to the General
Partner an equal number of Preferred Units with terms that are equivalent to the
terms of such shares of preferred stock. Notwithstanding anything to the
contrary contained in the Second

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Restated Partnership Agreement, if there are one or more actual or deemed
distributions which would otherwise be treated as giving rise to a "disguised
sale" under Section 707 of the Internal Revenue Code of 1986, as amended, and
the Treasury Regulations promulgated thereunder, such distributions shall be
treated as having been made in reimbursement of the General Partner's
preformation capital expenditures as described in Reg. 1.707-4(d) and Rev. Rul.
2000-44 to the extent of such preformation capital expenditures.

         3. NEW EXHIBIT A. Exhibit A to the Second Restated Partnership
Agreement, identifying the Partners, the number and class or series of Units
owned by them and their respective Percentage Interests, if any, is hereby
deleted in its entirety and the Exhibit A in the form attached hereto is hereby
inserted in its place and stead.

         4. COUNTERPARTS. This Amendment may be executed in counterparts, each
of which shall be an original and all of which together shall constitute the
same document.

         5. OTHER PROVISIONS UNAFFECTED. Except as expressly amended hereby, the
Second Restated Partnership Agreement shall remain in full force and effect in
accordance with its terms.

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         IN WITNESS WHEREOF, the undersigned have executed this Amendment on the
day and year first above written.

GENERAL PARTNER:

GENERAL GROWTH PROPERTIES, INC.,
a Delaware corporation

By:      /s/ Bernard Freibaum
         ---------------------------------------------
         Bernard Freibaum, Executive Vice President

LIMITED PARTNERS:

M.B. CAPITAL PARTNERS III, a South
Dakota general partnership

By:      GENERAL TRUST COMPANY, not
         individually but solely as Trustee
         of Martin Investment Trust G, a partner

         By: /s/ E. Michael Greaves
            ------------------------------------------
             E. Michael Greaves, Vice-PresidentAgreement dated July 16, 2004

 

Exhibit 10.1

AGREEMENT

REGARDING THE TRANSFER OF PARTS OF UNDERTAKING (I.E. THE SALES BUSINESS)

FROM LANSE AESP AS TO 3-PLAY AS

Parties

The parties of this agreement are:

A) Lanse AESP AS (org.nr: 958 916 205) (Lanse), signed by Per Brose

B) 3-Play AS (org.nr. 986 909 133), (3-Play) signed by Espen Jorgensen

Terms and conditions

	1.	 	The parties of this agreement have the mutual intention to transfer parts
of the business of Lanse to 3-Play, as            closer defined in the following
terms and in appendix no.1 following this agreement.
	 
	2.	 	3-Play purchase the rights to the trade mark NCS (trade mark reg no:
181784) and trade mark Lanse (Application no: 199904162, Registration no:
198810), as these belong to Lanse today. Lanse will arrange for the
transfer of these rights to 3-Play AS as soon as possible, and as part of
this obligation send the needed notifications to the relevant public
registries in Norway and EU to ensure these rights for 3-Play AS for the
future.
	 
	3.	 	Lanse will no longer act as a purchaser of equipment in connection to the
NCS-system from Draka, Tepas or Elko in the future.
	 
	4.	 	Lanse will at the time of the transfer return all current products to the
NCS-suppliers that are not sold to its customers at the same date. Lanse
AESP AS will cover all debts regarding its former purchase of such
products from those suppliers, total debt of NOK 1 088 953, so that 3 Play
has no responsibilities in that connection.
	 
	5.	 	For the future, 3-Play will purchase the following products from AESP at
competitive conditions:

	 	*	 	NCS Patch cords
	 
	 	*	 	Signamax patch cords
	 
	 	*	 	Signamax wireless and converters
	 
	 	*	 	Fibre patch cords
	 
	 	*	 	Fibre Pig-tails
	 
	 	*	 	Fibre adapters

	 	 	3-Play may choose whether to buy the products directly from AESP or from
an AESP partner.
	 
	 	 	3-Play has the intention of maintaining at least the same purchase level as
Lanse has today concerning these products.

 

 

	6.	 	The right to use the term “Lanse” as a company name (alone or as part of
a larger name) and in other respects regarding the marketing of the sales
business, will be transferred to 3-Play. After the date of transfer, Lanse
is obliged to change its name according to this transfer of undertakipg
within 2 weeks and the change is to be registered at the public registers
of Norway, such as Bronnoysundregistrene, within the same deadline.
	 
	7.	 	3-Play also receives all marketing and sales equipment from Lanse that
has any connection to the NCS system. This also covers the right to the
Web site named www.lanse.no and further development of this web
site.
	 
	8.	 	The parties agree to cooperate on informing the market, and in special
the current customers of the NCS-system, about this transfer of the
undertaking from Lanse to 3-Play, with the aim of keeping the business
relations to be continued by 3-Play for the future. All written
information shall be agreed upon by both parties of this agreement before
made available for the recipients. The parties also agree that all
information by oral or in other kinds of communications, shall be positive
about 3-Play AS and its capability of continuing the business covered by
this agreement of transfer.
	 
	9.	 	The customer register of Lanse will be transferred to 3-Play, so that
3-Play can use the information in its future business.
	 
	10.	 	3-Play does not have the capability to engage all the current employees
connected to the business that is to be transferred by this agreement.
Lanse will seek a voluntarily solution with these 3 employees implying
their resignation within the transfer date, so that their employment will
not be any obstacle for 3-Play AS after the transfer date. The parrties
will provide common information to the employees regarding the economical
situation, and give correct information about the future scenarios for
their further employment in the business that is to be transferred.
	 
	11.	 	Lanse will contribute to serve possible legal interests of any third
party that may be directly or indirectly affected by this agreement, such
as seeking approval by licensors concerning all rights that belongs to
Lanse as licensee regarding the transfer of such rights to 3-Play, or such
as the legal interests of financial institutions serving either of the
parties. The parties will also take the necessary actions to secure the
needed approvals from public authorities in all respects that public
interests might be affected by this agreement.
	 
	12.	 	The transfer is intended to be carried out on 17.7.2004 if all necessary
conditions according to this agreement are fulfilled. 3-Play will carry
out its business, covered by this agreement, in the business premises of
Lanse AESP AS until 31.7.2004. Rental payments for this period are covered
as part of the total compensation amount set in this agreement. Further
rental payments to Lanse AESP AS for a longer rental period, must be
agreed between the parties in a separate contract if necessary .
	 
	13.	 	3-Play undertakes to take over all obligations from 01.08.04 connected to
the lease agreement for the car that is presently used by Espen Jorgensen.
	 
	14.	 	3-Play will assist in having the remaining inventory left in Lance sold
out within a reasonable time.
	 
	15.	 	Provided all conditions under this agreement have been fulfilled, 3-Play
AS pay Lanse AESP AS NOK 1 635 000 as a compensation for the
transfer according to this agreement.

	 	 	The amount shall be paid according to the following schedule:

	 	•	 	When the transfer according to this agreement takes effect and the
conditions mentioned down            below are fulfilled: NOK: 1 000 000
	 
	 	•	 	31.07.2005: NOK: 335 000
	 
	 	•	 	31.07.2006: NOK: 300 000

2

 

3-Play shall for the remaining balance, pay an interest of 3%, and costs, and
execute a non- reversible, directly enforceable promissory note (eksigibelt
gjeldsbrev) as specified in Appendix 2.

The amount to be paid as the first part payment, shall, within 2 days from the
signing of this agreement, be made available on the trust account of Braekhus
Dege Advokatfirma ANS (BD), bank account nr: XXXXXXXþ BD will confirm the
receiving of the amount to both parties as soon as the amount is credited the
account.

The first payment (of NOK 1 000 000) shall be transferred to the trust account
of Seim-Haugen, Steenstrup & Co ( on behalf of Lanse) from the trust account of
BD as soon as the following conditions are met:: .

	 	a)	 	BD receives a written declaration from Seim-Haugen, Steenstrup & Co.
Advokatfirma DA, on behalf of Lanse, that they have delivered to the post
office the registry form to Bronnoysundregistrene for changing the name of
the company Lanse AESP AS according to the obligation in point 6 of this
agreement. (Ref. app. no.3)
	 
	 	b)	 	BD receives a written declaration from Seim-Haugen, Steenstrup & Co.
Advokatfirma DA on behalf of Lanse, that they have delivered to the post
office the registry form and other necessary documents to Patentstyret to
transfer the rights related to point 2 of this agreement. (Ref. app. no.3)
	 
	 	c)	 	BD receives a written declaration from the financial institutions of
Lanse, such approval to be obtained by 3-Play. (Ref app. no.4)
	 
	 	d)	 	BD receives a written declaration from Espen Jorgensen or Thorbjorn
Vestby that the
inventory and supply are transferred and accepted to be under their exclusive
disposal. (Ref app. no.5)
	 
	 	e)	 	BD receives a written confirmation that an amount as specified in sec. 4,
2nd sentence
has been paid to Seim-Haugen, Steenstrup & Co., in a form as agreed between
the parties (ref app. no.6)

Oslo, 16.7.2004.

	 	 	 
	for Lanse AESP AS	 	
for 3-Play AS
	/s/ Per Brose

Per Brose	 	
/s/ Thorbjorn Vestby

Thorbjorn Vestby e.f.

3

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