Document:

Agreement to Amend Term Loan Facility Agreement, dated April 28, 2004

 EXHIBIT 10.3 
  
 AGREEMENT TO AMEND TERM LOAN FACILITY AGREEMENT 
  
 THIS AGREEMENT TO AMEND TERM LOAN FACILITY AGREEMENT (this “Agreement”) is entered into as of April 28, 2004 by and among: 
  
 AMO JAPAN K.K., a corporation incorporated under the laws of Japan
and having its registered head office at 13-1, Toranomon 5-chome, Minato-ku, Tokyo 105-0001, (the “Borrower”), and 
  
 ADVANCED MEDICAL OPTICS, INC., a corporation incorporated under the laws of Delaware and having its registered head office at 1700 E. St. Andrew
Place, Santa Ana, California 92705, USA, as the Guarantor (the “Guarantor”), and 
  
 BANK OF AMERICA, N.A., acting through its TOKYO BRANCH, located at Sanno Park Tower 2-11-1, Nagatacho, Chiyoda-ku, Tokyo 100-6114, as a Lender, the Security Agent and the Administrative Agent, and

  
 THE LENDERS, as identified in Schedule I hereof.

  
 PREAMBLE: 
  

	(1)	Pursuant to that certain ¥2,500,000,000 Term Loan Facility Agreement, dated as of September 24, 2003 among the Borrower, the Guarantor and the Lenders, as amended or modified
from time to time (the “Loan Agreement”), the Lenders have, inter alia, agreed to extend the Loan to the Borrower. 

  

	(2)	Pursuant to the provisions of Section 6.2.1 of the Loan Agreement, Borrower has submitted to the Administrative Agent the financial statements of the Borrower for the fiscal year
ended December 31, 2003 (the “fiscal year 2003”). However, such financial statements do not meet the requirements stipulated in Section 6.2.1 thereof for the financial statements of the fiscal year 2003 (the “2003 Financial
Statements”) which must be submitted by the Borrower. 

  

	(3)	Pursuant to a waiver agreement dated March 30, 2004, the Lenders have agreed to waive the requirement of the Borrower to submit the 2003 Financial Statements within ninety (90) days
after the end of the fiscal year 2003 and agreed to extend such deadline for an additional thirty (30) days (i.e., within one hundred and twenty (120) days after the end of the fiscal year 2003). 

  

	(4)	In light of the refinancing contemplated by the Borrower and the Guarantor, the parties hereto wish to amend certain terms of the Loan Agreement, including the Borrower’s
requirement to submit the 2003 Financial Statements pursuant to Section 6.2.1 of the Loan Agreement. 

 NOW, THEREFORE, the parties hereby agree as follows: 
  
 Article 1. (Definitions) 
 Unless otherwise stipulated, capitalized terms used herein shall have the respective meanings ascribed to them in the Loan Agreement. 
  
 Article 2. (Amendment to Section 2.9.) 
 The Parties agree to amend the first sentence of Section 2.9. of the Loan Agreement as follows: 
  
 [Before amendments] 
  
 2.9. Voluntary Prepayments 
  
 The Borrower may, by giving the Administrative Agent not less than ten (10)
Business Days prior written notice to that effect, and subject to the reimbursement for any Funding Losses of the Lenders, prepay all or any part of the Advances (any such part being an integral multiple of 100,000,000 Yen) and interest accrued
thereon; provided, however, that the Borrower may not make such prepayment for the first year following the Closing Date. 
  
 [After amendments] 
  
 2.9. Voluntary Prepayments 
  
 The Borrower may, by giving the Administrative Agent not less than four (4) Business Days prior written notice to that effect, and subject to the
reimbursement for any Funding Losses of the Lenders, prepay all or any part of the Advances (any such part being an integral multiple of 100,000,000 Yen) and interest accrued thereon. 
  
 Article 3. (Amendment to Section 6.2.1.) 
 The Parties agree to amend Section 6.2.1. of the Loan Agreement as follows: 
  
 [Before amendments] 
  
 6.2.1. As soon as available but not later than ninety (90) days after the end of each fiscal year, the Borrower shall deliver to the Administrative Agent
copies of the financial statements of the Borrower and the Guarantor in Japanese or English in sufficient numbers to be circulated to all Lenders (including, at least, their respective balance sheets and statements of income with related notes
specifying significant accounting policies and their impact on such financial statements and all related schedules together with an audit opinion satisfactory to the Administrative Agent) as at the end of and for the fiscal year then ended prepared
in accordance with the same accounting principles and on the same basis as the respective financial statements referred to in Section 5.9. and audited and certified by an independent accounting firm with international good reputation. 

 [After amendments] 
  
 6.2.1. As soon as available but not later than ninety (90) days after the end of each fiscal year, the Borrower shall
deliver to the Administrative Agent copies of the financial statements of the Borrower and the Guarantor in Japanese or English in sufficient numbers to be circulated to all Lenders (including, at least, their (w) respective balance sheets and
statements of income, (x) related notes specifying significant accounting policies and their impact on such financial statements, (y) all related schedules and (z) an audit opinion satisfactory to the Administrative Agent (except for clauses (x),
(y) and (z) above for the Borrower for the fiscal year ended December 31, 2003)) as at the end of and for the fiscal year then ended prepared in accordance with the same accounting principles and on the same basis as the respective financial
statements referred to in Section 5.9. and (except for the financial statements of the Borrower as at and for the fiscal year ended December 31, 2003) audited and certified by an independent accounting firm with international good reputation,
provided that, without prejudice to the generality of the provisions of Section 6.2.5., the Borrower shall provide the Administrative Agent with any financial information of the Borrower concerning its fiscal year ended December 31, 2003 which any
of the Lenders may from time to time reasonably request. 
  
 Article 4.
(Effective Date) 
 The Parties agree that the amendments to the Loan Agreement pursuant to Articles 2.and 3. hereof shall take effect as
of the date of this Agreement. 
  
 Article 5. (Governing Law and Jurisdiction)

 This Agreement shall be governed by and construed in accordance with the laws of Japan. The Tokyo District court shall have exclusive
jurisdiction over any legal suit, action or proceeding arising out of or relating to this Agreement. 
  
 IN WITNESS WHEREOF, THE PARTIES HERETO HAVE THEIR DULY AUTHORIZED REPRESENTATIVES TO EXECUTE THIS AGREEMENT IN FOUR (4) COUNTERPARTS ON THE DAY AND YEAR FIRST ABOVE WRITTEN. 

					
	 Date:
	 	 April 27, 2004

	
	 /s/ MASATAKE AKEDO

		
	 For:
	 	 AMO Japan K.K.

			
	 	 	 By:
	 	 Masatake Akedo

	 	 	 	 	 Representative Director

		
	 Date:
	 	 April 28, 2004

	
	 /s/ YOSHIHIKO ASANO

		
	 For:
	 	 Bank of America, N.A., Tokyo Branch

			
	 	 	 By:
	 	 Yoshihiko Asano

	 	 	 Title:
	 	 Managing Director & Branch Manager

		
	 Date:
	 	 April 28, 2004

	
	 /s/ JUNICHI FUKUI

		
	 For:
	 	 Aozora Bank, Ltd.

			
	 	 	 By:
	 	 Junichi Fukui

	 	 	 Title:
	 	 General Manager

		
	 Date:
	 	 April 26, 2004

	
	 /s/ VINCENT E. SCULLIN, JR.

		
	 For:
	 	 Advanced Medical Optics, Inc

			
	 	 	 By:
	 	 Vincent E. Scullin, Jr.

	 	 	 Title:
	 	 V.P., Treasurer

 SCHEDULE I 
  
 1. Bank of America, N.A., Tokyo Branch 
 2. Aozora Bank, Ltd.Amendment dated February 17, 2004 re: 2002 Stock Plan

 Exhibit 10(i) 
  
 AMENDMENT TO THE 
 NORTHERN TRUST CORPORATION 2002 STOCK PLAN 
  
 WHEREAS, Northern Trust Corporation (the “Corporation”) previously adopted the Northern Trust Corporation 2002 Stock Plan (the “Plan”); and 
  
 WHEREAS, the Board of Directors of the Corporation is authorized to amend the Plan and has authorized an amendment to
the Plan, as described below; 
  
 NOW, THEREFORE, BE IT
RESOLVED, that Section 18 of the Plan is hereby amended, effective as of February 17, 2004, to read as follows: 
  
 Section 18. Effective Date and Term of Plan. 
  

	 	(a)	The Plan was adopted by the Board on February 19, 2002 and became effective as of April 16, 2002 upon approval by the Corporation’s stockholders at the 2002 annual meeting of
stockholders. 

  

	 	(b)	Notwithstanding anything to the contrary contained herein, no Awards shall be granted under the Plan on or after April 16, 2012. 

  
 This Amendment has been executed by the Corporation, by its duly authorized
officer, as of this 17th day of February, 2004. 
  

			
	 NORTHERN TRUST CORPORATION

		
	 By:
	 	 /s/ Timothy P. Moen

	 Name:
	 	 Timothy P. Moen

	 Title:
	 	 Executive Vice PresidentAmendment No. 10 dated March 29, 2004

 Exhibit 10(ii) 
  
 AMENDMENT NUMBER TEN TO 
 NORTHERN TRUST EMPLOYEE STOCK OWNERSHIP PLAN 
 (As Amended and Restated Effective January 1, 2002)

  
 WHEREAS, The Northern Trust Company (the
“Company”) maintains the Northern Trust Employee Stock Ownership Plan, As Amended and Restated Effective January 1, 2002, (the “Plan”); and 
  

WHEREAS, amendment of the Plan is now considered desirable; 
  
 NOW, THEREFORE, by virtue and in exercise of the amending power reserved to the Company under Section 13.1 of the
Plan, and pursuant to the authority delegated to the undersigned officer by resolutions of the Board of Directors of the Company dated February 17, 2004, the Plan is hereby amended effective as of March 29, 2004 as follows: 
  

	1.	To add the following immediately after the last sentence of section 2.1(i) of the Plan: 

  
 “Where appropriate, the term ‘Committee’ shall also mean any applicable subcommittee or duly authorized
delegate of the Committee. Such duly authorized delegate may be an individual or an organization within the Company or the Committee, or may be an unrelated third party individual or organization.” 
  

	2.	To add the following immediately after the last sentence of the first paragraph of section 2.1(m) of the plan: 

  
 “Base salary also includes any amounts paid to a Participant under any
short-term disability benefit plan of the Company or a Participating Employer.” 
  

	3.	To delete the second and third sentences of section 4.1 of the Plan in their entirety and to substitute the following therefor: 

  
 “Additional Employer Contributions under the Plan may be paid in an
amount up to 3% of each Participant’s Compensation for such Plan Year if certain corporate performance goals established by the Compensation and Benefits Committee of the Board of Directors (or by the Board of Directors if the Compensation and
Benefits Committee is unavailable or unable to act for any reason) with respect to this Plan, are met. The Compensation and Benefits Committee of the Board of Directors (or the Board of Directors if the Compensation and Benefits Committee is
unavailable or unable to act for any reason) has the sole discretion to establish and change such performance goals on an annual basis and to determine whether such goals have been met.” 

	4.	To delete the first sentence of section 4.2 of the Plan in its entirety and to substitute the following therefor: 

  
 “Employer Contributions may be paid to the Trust in cash or in shares
of Company Stock, as determined by the Compensation and Benefits Committee of the Board of Directors (or by the Board of Directors if the Compensation and Benefits Committee is unavailable or unable to act for any reason).” 
  

	5.	To delete the first sentence of section 9.5 of the Plan in its entirety and to substitute the following therefor: 

  
 “If a Member has no vested interest in his or her Account balance when
his or her employment with the Company and all Affiliates terminates, such Member will be treated as having received a Deemed Cashout of the Member’s Account balance as of the last day of the month in which the Member’s employment
terminated and the Member’s Account balance will be treated as a Forfeiture on such date.” 
  

	6.	To insert the following immediately after the phrase “section 9.1, 9.2 or 9.3” in section 9.7(b)(1) of the Plan: 

  
 “, or who is described in section 9.4 and would be entitled to an
allocation under section 7.1 at the next Anniversary Date,” 
  

	7.	To delete section 13.1 of the Plan in its entirety and to substitute the following therefor: 

  
 “13.1 Amendment 
  
 The Company reserves the right at any time and from time to time either retroactively or prospectively: 
  

	 	(a)	to make material amendments to the Plan (including any extraordinary amendment related to an acquisition or divestiture by the Company, a Participating Employer or other Affiliate),
by action of the Compensation and Benefits Committee of the Board of Directors (or by action of the Board of Directors, if the Compensation and Benefits Committee is unavailable or unable to act for any reason); 

  

 - 2 - 

	 	(b)	to make (i) non-material or administrative amendments to the Plan (including any amendment pursuant to guidelines established by the Compensation and Benefits Committee of the Board
of Directors related to an acquisition or divestiture by the Company, a Participating Employer or other Affiliate) or (ii) any amendment to the Plan deemed required, authorized or desirable under applicable statutes, regulations or rulings, by
action of either the Chairman and Chief Executive Officer of the Company or the Executive Vice President and Human Resources Department Head of the Company (or either of their duly-authorized designees); 

  
 provided, however, that no amendment under (a) or (b) above shall authorize
or permit any part of the corpus or income of the Trust to be used for, or diverted to, purposes other than for the exclusive benefit of the Members and their Beneficiaries, or to deprive any of them of any funds then held for his or her
Account.” 
  

	8.	To delete the first sentence of section 13.2 of the Plan in its entirety and to substitute the following therefor: 

  
 “The Company reserves the right at any time and from time to time to
terminate the Plan in whole or in part as of any Valuation Date by action of the Compensation and Benefits Committee of the Board of Directors (or by action of the Board of Directors, if the Compensation and Benefits Committee is unavailable or
unable to act for any reason).” 
  

	9.	To delete section 13.3(b) of the Plan in its entirety and to substitute the following therefor: 

  

	 	“(b)	resolutions of the Compensation and Benefits Committee of the Board of Directors (or of the Board of Directors, if the Compensation and Benefits Committee is unavailable or unable
to act for any reason) or of any new or successor employer of the affected Members shall authorize such transfer of assets; and, in the case of the new or successor employer of the affected Members, its resolutions shall include an assumption of
liabilities with respect to such Members’ inclusion in the new employer’s plan; and” 

  

 - 3 - 

	10.	To delete the last sentence of Section 13.3 of the Plan in its entirety and to substitute the following therefor: 

  
 “In the event a portion of the business of the Company or any Affiliate
is sold or discontinued, the Compensation and Benefits Committee of the Board of Directors (or the Board of Directors, if the Compensation and Benefits Committee is unavailable or unable to act for any reason) in its discretion may direct that all
Members who are employed by the new owner of that portion of the business shall become fully vested in their Unvested Portion.” 
  

	11.	To delete the first, second, third and fourth sentences of Section 14.1 of the Plan in their entirety and to substitute the following therefor: 

  
 “Any Affiliate which desires to become a Participating Employer under
the Plan may elect, with the consent of the Compensation and Benefits Committee of the Board of Directors (or of the Board of Directors if the Compensation and Benefits Committee is unavailable or unable to act for any reason), to become a party to
the Plan and the related Trust by adopting the Plan for the benefit of its eligible Employees, effective as of the date specified in such adoption. The adoption resolution or decision may contain such specific changes and variations in Plan or Trust
terms and provisions applicable to such Participating Employer and its Employees as may be acceptable to the Compensation and Benefits Committee of the Board of Directors (or to the Board of Directors if the Compensation and Benefits Committee is
unavailable or unable to act for any reason) and the Trustee. However, the sole, exclusive right of any other amendment of whatever kind or extent to the Plan is reserved in accordance with Section 13.1 of the Plan. Specific changes and variations
in the Plan or Thrift Trust terms and provisions as adopted by the Participating Employer in its adoption resolution may be made in accordance with Section 13.1 of the Plan without the consent of such Participating Employer.” 
  

	12.	To delete the first sentence of Section 14.2 of the Plan in its entirety and to substitute the following therefor: 

  
 “Any Participating Employer may withdraw from the Plan and Trust after
giving notice to the Compensation and Benefits Committee of the Board of Directors (or to the Board of Directors if the Compensation and Benefits Committee is unavailable or unable to act for any reason), provided the Compensation and Benefits
Committee of the Board of Directors (or the Board of Directors if the Compensation and Benefits Committee is unavailable or unable to act for any reason) consents to such withdrawal.” 
  

 - 4 - 

	13.	To delete paragraph (ii) in the third paragraph of section 16.1 of the Plan and to substitute the following therefor: 

  
 “(ii) subject to section 9.9, to defer distribution of such interest in
accordance with section 9.7(b).” 
  

	14.	To add the following as new section 16.12 of the Plan: 

  
 “16.12 Electronic or Telephonic Notices 
  
 Any election, notice, direction or other such action required or permitted to be made in writing under the Plan may also be made electronically,
telephonically or otherwise, to the extent then permitted by applicable law and the administrative rules prescribed by the Committee.” 
  
 IN WITNESS WHEREOF, the Company has caused this amendment to be executed on its behalf this 29th of March, 2004 effective such 29th of March, 2004. 
  

			
	 THE NORTHERN TRUST COMPANY

		
	 By:
	 	 /s/ Martin J. Joyce, Jr.

	 Name:
	 	 Martin J. Joyce, Jr.

	 Title:
	 	 Senior Vice President

  

 - 5 -

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