Luxottica Group, S.p.A. (LUX)

18.10.                  Limitations

(a)                                  Notwithstanding anything to the contrary contained herein or in any other Finance Document, the parties hereto agree that:

(i)                                     the obligations of Luxottica Group S.p.A. as Guarantor shall at no time require Luxottica Group S.p.A. to pay any amount that exceeds the higher of (i) €2,016,923,000 (or its equivalent in US$) on the date of any payment hereunder and (ii) US$2,441,688,000 (or its equivalent in euro) on the date of any payment hereunder; and

(ii)                                  the obligations of Luxottica S.r.l. shall at no time require Luxottica S.r.l. to pay any amount which exceeds an amount corresponding to its Net Worth (as defined below), as determined from time to time on the basis of its most recent audited annual financial statements, provided, however, that such amount shall not exceed the higher of (a) €160,000,000 (or its equivalent in US$ on the date hereof) and (b) the Net Worth of Luxottica S.r.l. as at the date hereof;

(iii)                               Luxottica U.S. Holdings Corp.’s liability as Guarantor (in such capacity the “