Exhibit 10.40

FIRST AMENDMENT DATED SEPTEMBER 11, 2020 ("FIRST AMENDMENT") TO STANDARD
INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE – NET DATED AUGUST 8, 2012 ("LEASE")
BETWEEN PACIFIC EQUITY PARTNERS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY
("LESSOR"), AND STAAR SURGICAL COMPANY, A DELAWARE CORPORATION ("LESSEE")

This First Amendment modifies and amends the Lease as follows:

1.

Expiration Date

The Expiration Date as defined in Section 1.3 of the Lease is hereby extended
from October 31, 2020 to October 31, 2025 ("Extended Lease Term").

2.

Base Rent

The Base Rent due for the extended term will be as follows:

 

Period

Monthlv Base Rent Due

11/01/2020 - 11/30/2020

Free Rent

12/01/2020 - 10/31/2021

$23,959

11/01/2021 - 10/31/2022

$24,558

11/01/2022 - 10/31/2023

$25,172

11/01/2023 - 10/31/2024

$25,801

11/01/2024 - 10/31/2025

$26,446

 

3.

Other Terms and Conditions

All other terms and conditions of the Lease shall remain unchanged and in full
force and effect.

4.

Counterparts

This First Amendment may be executed by facsimile, PDF and/or electronic
transmission, and in counterparts and a fully executed facsimile or PDF copy of
this First Amendment shall be deemed to be an original for all purposes.

 

Signatures On Following Page

 

*

*

*

*

*

*

*

*

*

*

*

*

 

Page 1 of 2

--------------------------------------------------------------------------------

 

AGREED & ACCEPTED:

LESSOR:

Pacific Equity Partners, LLC,

a California limited liability company

By:

/s/ Adam Milstein

Name:

Adam Milstein

Title:

Chief Financial Officer

Dated:

 

By:

/s/ Robert Neal

Name:

Robert Neal

Title:

Executive Vice President

Dated:

10/1/2020

LESSEE:

Staar Surgical Company,

a Delaware corporation

By:

/s/ Graydon Hansen

Name:

Graydon Hansen

Title:

Chief Manufacturing Officer

Dated:

2020/09/30

 

Page 2 of 2