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

7.1.                              Repayment of Facility A Loans

(a)                                  The Italian Borrower shall repay any Facility A Loan made to it in instalments by repaying on each Facility A Repayment Date the portion of such Facility A Loans set out opposite each Facility A Repayment Date below:

(b)                                 The Italian Borrower shall repay any other amounts outstanding under Facility A on the Termination Date.

(c)                                  If, in relation to any Facility A Repayment Date, the aggregate amount of the Facility A Loans made to the Italian Borrower exceeds the Repayment Instalment to be repaid by the Italian Borrower, the Italian Borrower may, if it gives the Agent not less than five Business Days’ prior notice, select which of those Facility A Loans will be wholly or partially repaid so that the Repayment Instalment is repaid on the relevant Facility A

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Repayment Date in full. The Italian Borrower may not make a selection if as a result more than one Facility A Loan will be partially repaid.

(d)                                 If the Italian Borrower fails to deliver a notice to the Agent in accordance with paragraph (b) above, the Agent shall select the Facility A Loans to be wholly or partially repaid.

(e)                                  The Italian Borrower may not reborrow any part of Facility A which is repaid.

7.2.