Document:

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                                                                   EXHIBIT 10.93

                 SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE

         This Settlement Agreement and Mutual General Release ("Settlement
Agreement") is made effective the 27th day of February 2003, by and between
Richard Leza ("Leza") and STAAR Surgical Company ("Staar").

                                    RECITALS

         A.       There is pending, in the Superior Court of California for the
Los Angeles County Superior Court, an action entitled Richard Leza v. Staar
Surgical Company, et al., filed under Case No. BC257159 in which, among other
things, Leza alleges that Staar acted wrongfully in connection with Leza's
employment at Staar (the "Action"); and

         B.       Leza and Staar desire to settle all disputes that exist
between them, including, but not limited to those related to the Action.

                                    AGREEMENT

         WHEREFORE, in full settlement and satisfaction of all of the claims and
potential claims of Leza and Staar against each other, whether relating to the
Action or otherwise, for valuable consideration, including the promises as set
forth below, Leza and Staar (collectively "the Parties") agree as follows:

         1.       Payment by Staar to Leza.  Staar shall pay Leza and his
counsel of record, Lafayette & Kumagai LLP, as jointly directed by them, the
total amount of $180,000 as follows:

                  a.       $15,000 by March 4, 2003, with $10,000 paid to Leza
                           and $5,000 paid to Lafayette & Kumagai LLP;

                  b.       $15,000 by March 15, 2003, with $10,000 paid to Leza
                           and $5,000 paid to Lafayette & Kumagai LLP;

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                  c.       $10,000 a month by the first of each month for 15
                           months commencing April 1, 2003 and concluding June
                           1, 2004, with $5,000 paid each month to Leza and
                           $5,000 paid each month to Lafayette & Kumagai LLP;

                  d.       All payments to Leza will be made to "AI Research
                           Corporation" and will be directly deposited into
                           Wells Fargo Account #0072-025729, and all payments to
                           Lafayette & Kumagai LLP will be mailed to its offices
                           at 100 Spear Street, Suite 400, San Francisco, CA
                           94105.

                  e.       In the event that any payment is not made within 5
                           days of the date it is due, that payment shall bear
                           simple interest at the rate of 5% per annum until
                           paid.

                  f.       In the event Staar fails to make any payment due
                           within 59 days of the date it is due, Leza may apply
                           for and have judgment entered against Staar in the
                           amount of all remaining unpaid amounts under this
                           paragraph 1, which Staar expressly waives its right
                           to dispute.

         2.       Consulting Agreement and Stock Options. Leza and Staar agree
to enter into a consulting agreement in the form attached hereto as Exhibit A,
which is incorporated herein by reference and made a part of this Agreement. In
consideration for Leza's agreement to provide services as a consultant in
investor relations under the terms of the attached consulting agreement, Staar
shall immediately issue Leza an unrestricted option certificate expiring
February 1, 2005 to purchase 75,000 shares of Staar common stock at $3.50, which
option shall vest immediately upon execution of this Settlement Agreement and
may be

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exercised by Leza, subject to the subparagraphs below, by taking the option
certificate to any brokerage firm and exercising his option in a cashless
action:

                  a.       If Leza exercises any portion of his stock option
                           prior to February 1, 2004, Staar shall have no
                           further obligations to Leza under this paragraph 2.

                  b.       If the "Target Date," which is defined as the first
                           date that the NASDAQ closing price for Staar common
                           stock is $6.17 or higher, occurs on or before
                           February 1, 2004, and Leza has not exercised any
                           portion of his stock option, as of the Target Date,
                           Staar shall have no further obligations to Leza under
                           this paragraph 2, other than to allow Leza to
                           exercise his option if he so chooses prior to its
                           expiration.

                  c.       If the Target Date does not occur on or before
                           February 1, 2004, and Leza has not exercised any
                           portion of his stock option, Staar shall execute no
                           later than February 5, 2004 a promissory note in
                           favor of Leza in the amount of $200,000 principal,
                           with no interest to accrue thereon, and in the form
                           attached hereto as Exhibit B, which is incorporated
                           herein by reference and made a part of this
                           Agreement. The promissory note will be payable
                           commencing February 1, 2005 in monthly payments of at
                           least $10,000 for up to five months, with any balance
                           remaining to be paid the following month, subject to
                           subparagraphs (d) and (e), below.

                  d.       If the Target Date occurs after February 1, 2004 and
                           before February 1, 2005, and Staar has not exercised
                           its rights under subparagraph (e),

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                           below, Staar shall be deemed to have paid the
                           promissory note in full and Staar shall have no
                           further obligations to Leza under this paragraph 2,
                           other than to allow Leza to exercise his option if he
                           so chooses prior to its expiration;

                  e.       At any time after February 1, 2004 and before
                           February 1, 2005, Staar, upon giving Leza 48 hours
                           written notice, may elect to effect a "virtual
                           exercise" of Leza's option, and the net amounts that
                           would have been realized by Leza if he had exercised
                           his option at the NASDAQ closing price for Staar
                           common stock at the end of that 48-hour notice period
                           shall be deducted from the $200,000 principal due
                           under the promissory note, and Staar shall pay Leza
                           the balance due in monthly payments of at least
                           $10,000 for up to five months, with any balance
                           remaining to be paid the following month, commencing
                           the first day of the first month after Staar elects
                           the "virtual exercise." Notwithstanding Staar's
                           election of a "virtual exercise," Leza retains the
                           right to actually exercise his option if he so
                           chooses prior to its expiration.

                  g.       In the event that any installment under the
                           promissory note is not paid within 15 days of the
                           date it is due, the whole of the principal shall
                           become immediately due without notice or demand,
                           together with all interest that has accrued, and Leza
                           may apply for and have judgment entered against Staar
                           in the amount of all remaining unpaid amounts under
                           the note, which Staar expressly waives its right to
                           dispute.

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         3.       Loan Forgiveness. Staar shall issue Leza a Form 1099
reflecting the forgiveness in calendar year 2003 of the principal and interest
due on Staar's earlier $120,000 loan to him. Staar shall further hand deliver to
Leza an original, signed and notarized Reconveyance of the Deed of Trust to the
real property commonly known as 2090 Liliano Drive, Sierra Madre, California,
which Deed of Trust Staar holds as security for the $120,000 loan to Leza. The
Reconveyance of the Deed of Trust shall be in a form suitable for recording in
the Los Angeles County Recorders Office.

         4.       Dismissal of Action With Prejudice. Leza's counsel shall
immediately dismiss the Action with prejudice.

         5.       Continuing Jurisdiction of Court in Action. The Parties agree
that the Court in the Action shall retain jurisdiction to enforce the terms of
this Settlement Agreement pursuant to California Code of Civil Procedure section
664.6.

         6.       General Release of All Claims by Leza and Staar.

                  a.       Leza and Staar, for themselves and on behalf of their
                           respective present and former agents, employees,
                           employers, officers and directors, corporations
                           (including, but not limited to, professional
                           corporations), parent and subsidiary corporations,
                           partners, joint venturers, heirs, spouses, children,
                           relatives, issue, estates, beneficiaries,
                           representatives, executors, administrators, current
                           attorneys, trustors, trustees, insurers,
                           predecessors, successors and assigns, and each of
                           them, and all those claiming by, through, under or in
                           concert with them or any of them (collectively
                           "Releasing Parties"), hereby absolutely, forever and
                           fully, generally and specifically, release and
                           discharge the other and their

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                           respective present and former agents, employees,
                           employers, officers and directors, corporations
                           (including, but not limited to, professional
                           corporations), parent and subsidiary corporations,
                           partners, joint venturers, heirs, spouses, children,
                           relatives, issue, estates, beneficiaries,
                           representatives, executors, administrators, current
                           attorneys (excluding Pollet & Richardson and Pollet,
                           Richardson & Patel), trustors, trustees, insurers,
                           predecessors, successors and assigns, and each of
                           them, and all those claiming by, through, under or in
                           concert with them or any of them (collectively the
                           "Released Parties"), from any and all claims,
                           contentions, rights, debts, liabilities, demands,
                           accounts, reckonings, obligations, duties, promises,
                           costs, expenses (including, but not limited to,
                           attorneys' fees), liens, subrogation rights,
                           indemnification rights, damages, losses, actions, and
                           causes of action, of any kind whatsoever whether
                           asserted by way of affirmative claims or causes of
                           action, affirmative defenses, offset or otherwise in
                           any proceeding whatsoever whether due or owing in the
                           past, present or future and whether based upon
                           contract, tort, statute or any other legal or
                           equitable theory of recovery, and whether known or
                           unknown, suspected or unsuspected, fixed or
                           contingent, matured or unmatured, with respect to,
                           pertaining to, or arising from any matters, acts,
                           omissions, events, conduct or occurrences at any time
                           prior to the date of this Settlement Agreement,
                           including, without limiting the generality of the
                           foregoing provisions, any and all causes of action or
                           claims referred to

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                           or based upon the facts alleged in the Action and any
                           affirmative defenses or claims of offset based
                           thereon.

                  b.       Notwithstanding anything in subparagraph a, above,
                           the Parties do not release Pollet & Richardson, or
                           Pollet, Richardson & Patel or any individual attorney
                           associated therewith, in any regard whatsoever.

         7.       Waiver of Civil Code Section 1542. The Parties and each of
them, hereby waive any and all rights or benefits which any of them may have
under Section 1542 of the Civil Code of the State of California, providing that:

                  "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE
                  CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE
                  TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
                  MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."

         The Parties, and each of them, hereby represent and warrant, and each
of them, that they understand the effect of this waiver of said Civil Code
section and that they are represented and have been advised in this General
Release by an attorney licensed to practice law in the State of California.

         8.       Release of Unknown Claims. The Parties, and each of them,
acknowledge that they, or any of them, may hereafter discover Claims and/or
facts now unknown or unsuspected, or in addition to, or different from, those
which the Parties now know or believe to be true with respect to this Settlement
Agreement. Nevertheless, the Parties, and each of them, intend by this
Settlement Agreement to release fully, finally, and forever all claims

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released hereby. Accordingly, this Settlement Agreement shall remain in full
force as a complete release of such claims notwithstanding the discovery or
existence of any such additional or different claims and/or facts before or
after the date of this Settlement Agreement.

         9.       Representations and Warranty by Releasing Parties. The
Parties, and each of them, represent and warrant, that they (a) are the lawful
owners of everything released hereunder, (b) have all necessary power and
authority to make such release, including any necessary consent or approval from
any person or Board of Directors and including the absence of any duty or
obligation that would prevent, or be put in breach or default by, such release,
and (c) have not heretofore transferred or attempted to transfer all or any part
of any such thing released in any manner whatsoever, including by way of
subrogation or operation of law. The Parties, and each of them, shall indemnify
and hold each of the other Parties harmless with respect to any liability, cost,
expense, or claim with respect to, pertaining to, or arising from any assertion
of any such obligation or transfer or lack of such power or authority including,
but not limited to, reasonable attorneys' fees and costs. The Parties, and each
of them, represent and warrant further to each other, that this Settlement
Agreement is executed voluntarily, and without duress or undue influence on the
part of or on behalf of the Parties, or any other person or entity whatsoever.

         10.      Representations and Warranties of Each Party. Each Party
hereto represents and warrants to the other that he or it has the full power and
authority to execute, deliver and perform under this Settlement Agreement and
all documents referred to herein, and that any needed consent or approval from
any other person has been obtained, including, but not limited to, valid
corporate franchise and approval of the board of directors for any corporate

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party, and including the absence of any duty or obligation that would prevent,
or be put in breach or default by, such execution, delivery or performance; and
each Party shall indemnify and hold the other Party or Parties harmless with
respect to any and all liability, cost, expense (including reasonable attorneys'
fees), or claim with respect to, pertaining to, or arising from any assertion of
any such obligation or lack of such power or authority.

         11.      Compromise of Disputed Claim; No Admissions. This Agreement
constitutes a compromise and settlement of claims which are denied and contested
and nothing in this Settlement Agreement or any document referred to herein, nor
any act (including, but not limited to, the execution of this Settlement
Agreement and/or in the consideration for this Settlement Agreement) of any
Party hereto, nor any transaction occurring between any Parties hereto prior to
the date hereof, is or shall be treated, construed or deemed as an admission by
any Party hereto of any liability, fault, responsibility, or guilt of any kind
to any other Party hereto or to any person, as to any allegation or claim in the
various actions or otherwise, for any purpose whatsoever, all such liability,
fault, responsibility and guilt of any kind being expressly denied.

         12.      Binding Effect. The settlement, and this Settlement Agreement
and all documents referred to herein, shall bind and inure to the benefit of
each of the Parties hereto and the Released Parties and their respective
successors in interest. This Settlement Agreement is not for the benefit of any
person not a Party hereto or specifically identified as a beneficiary herein or
specifically identified herein as a person or entity released hereby, and is not
intended to constitute a third party beneficiary contract.

         13.      Final Integrated Agreement. This Settlement Agreement and the
documents referred to herein constitute the entire, final and binding
understanding between the Parties

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hereto; that no other statement or representation, written or oral, express or
implied, has been received or relied upon in the settlement, and that all prior
discussions, statements and negotiations made or which have occurred prior to
the date of the Settlement Agreement shall be deemed merged into this Settlement
Agreement and the documents referred to herein, and shall not be used for any
other purpose whatsoever.

         14.      Understanding of Agreement. Each Party hereto understands and
agrees to the terms and conditions contained in this Settlement Agreement and in
the documents referred to herein, and has relied upon his, her or its own
judgment, belief, knowledge, understanding and expertise after careful
consultation with his, her or its own legal counsel concerning the legal effect
of the settlement and all of the terms of this Settlement Agreement.

         15.      Voluntary Settlement. Each Party hereto enters into the
settlement, this Settlement Agreement and the documents referred to herein,
knowingly and voluntarily, in the total absence of any fraud, mistake, duress,
coercion, or undue influence and after careful thought and reflection upon the
settlement, this Settlement Agreement and the documents referred to herein; and
accordingly, by signing this document and the documents referred to herein, each
signifies full understanding, agreement and acceptance.

         16.      Investigation of Facts. Each Party hereto has investigated the
facts pertaining to the settlement and the Settlement Agreement and all matters
pertaining thereto as deemed necessary by each. Each Party hereto fully assumes
the risk that the investigation they have conducted, if any, relating to all
matters herein may be inadequate in that the facts with respect to which this
Settlement Agreement is executed may hereafter be found to be different from the
facts which such Party now believes to be true. Each Party assumes the risk of
such

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possible differences of facts and hereby agrees that this Settlement Agreement
shall remain in effect notwithstanding such difference of fact.

         17.      No Additional Representations. Except as may be set forth in
this Settlement Agreement, no statement or representation, written or oral,
express or implied, has been made to the Parties by any of the other Parties, or
any of their respective agents, representatives, employees, attorneys or any
other person regarding any matter, including, but not limited to, the federal or
state income tax consequences of the Settlement Agreement to any Party. Each of
the Parties expressly acknowledges and agrees that each shall be responsible for
their own taxes arising out of this Settlement Agreement and that each has
relied solely upon the advice of their own attorneys and/or accountants as to
the tax consequences of the Settlement Agreement.

         18.      No Other Actions. The Parties have not commenced or prosecuted
and will not commence or prosecute any other action or proceeding for recovery
of damages or for any form of equitable relief, declaratory relief or any other
form of action or proceeding or arbitration against any Party or other person
based upon the claims released in this Settlement Agreement, including, but not
limited to, the claims that are the subject of the Action or any other action.
This Settlement Agreement shall constitute a judicial bar to the institution of
any such action or proceeding or any assignment thereof.

         19.      Ambiguities or Uncertainties. The settlement, this Settlement
Agreement and the documents referred to herein, and any ambiguities or
uncertainties herein or therein, shall be equally and fairly interpreted and
construed without reference to the identity of the Party or Parties preparing
this document or the documents referred to herein, on the express understanding
and agreement that the Parties participated equally in the negotiation and

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preparation of the Settlement Agreement and the documents referred to herein, or
have had equal opportunity to do so. Accordingly, the Parties hereby waive the
benefit of California Civil Code Section 1654 and any successor or amended
statute, providing that in cases of uncertainty, language of a contract should
be interpreted most strongly against the Party who caused the uncertainty to
exist.

         20.      Survival of Executory Provisions. Any and all executory
provision under this Settlement Agreement and the documents referred to herein
shall survive the consummation of this Settlement Agreement and shall continue
in full force and effect until fully performed and satisfied.

         21.      Attorneys' Fees and Costs. Each Party hereto shall bear his,
her or its own attorneys' fees and costs.

         22.      Confidentiality. Leza represents and warrants that he will not
discuss the terms of this Settlement Agreement or the negotiations leading
thereto with anyone (with the exception of his parents, attorneys, financial
advisors, including CPA, and fiance/spouse) and that he will not make public or
disclose to anyone in any manner the terms of this Settlement Agreement or the
negotiations leading thereto unless required to do so by law. To the extent the
existence or terms of this Settlement Agreement must be disclosed to the
individuals set forth above, Leza will advise them of, and they shall be bound
by, this Confidentiality provision.

         23.      California Law. The settlement, this Settlement Agreement, and
the documents referred to herein, shall be governed by and construed and
interpreted in accordance with, the laws of the State of California. In the
language of this document and the documents referred to herein, the singular and
plural numbers, and the masculine, feminine and neutral genders,

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shall each be deemed to include all others, and the word "person" shall be
deemed to include corporations and every other entity, as the context may
require.

         24.      Severability. In the event that any provision of this
Settlement Agreement should be held to be void, voidable or unenforceable, the
remaining portions hereof shall remain in full force and effect.

         25.      Waiver, Modification and Amendment. No breach of this
Settlement Agreement or of any provision herein can be waived except by an
express written waiver executed by the Party waiving such breach. Wavier of any
one breach shall not be deemed a waiver of any other breach of the same or other
provisions of this Settlement Agreement. The Settlement Agreement may be
amended, altered, modified or otherwise changed in any respect or particular
only by new consideration and a writing duly executed by the Parties hereto or
their authorized representatives.

         26.      Effective Date/Additional Documents. This Settlement Agreement
shall be effective as of the date first above written. The Parties shall execute
any additional documents reasonably necessary to effectuate the intent and
purposes of this Settlement Agreement.

         27.      Notices. All notices under this Settlement Agreement shall be
in writing and shall be deemed effective on the date of delivery if delivered
personally (and a receipt obtained therefor), or on the third calendar day after
mailing if mailed by first class mail, registered or certified, postage prepaid;
and shall be addressed as follows, or as may be amended by a communication
delivered pursuant to this paragraph 23):

         To Leza:                   Richard Leza
                                    2090 Liliano Drive
                                    Sierra Madre, CA 91024

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         With a copy to:            Gary T. Lafayette, Esq.
                                    Lafayette & Kumagai LLP
                                    100 Spear Street, Suite 400
                                    San Francisco, CA 94105
                                    Telephone: (415) 357-4600

         To Staar:                  Diann H. Kim, Esq.
                                    Winston & Strawn
                                    333 So. Grand Avenue, 38th Floor
                                    Los Angeles, CA 90071-1543
                                    Telephone: (213) 615-1700

         With a copy to:            David Bailey, President
                                    STAAR Surgical Company
                                    1991 Walker Avenue
                                    Monrovia, CA  91016

         28.      Captions. Section, paragraph and other captions or headings
contained in this Settlement Agreement are inserted as a matter of convenience
and for reference, and in no way define, limit, extend or otherwise describe the
scope or intent of this Settlement Agreement or any provision hereof and shall
not affect in any way the meaning or interpretation of this Settlement
Agreement.

         29.      Execution in Several Counterparts. This Settlement Agreement
may be executed in several counterparts and as so executed, shall constitute one
agreement binding on all the Parties, notwithstanding that all the Parties are
not signatories to the original or same counterparts.

         IN WITNESS WHEREOF, the Parties to this Settlement Agreement execute
this Settlement Agreement as of the day and year first above written.

DATE:  February     28     , 2003
               ------------
                                            /s/ Richard Leza
                                          -------------------------
                                          Richard Leza

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DATE:  February     28     , 2003
               ------------
                                            /s/ David Baily
                                          -------------------------
                                          David Bailey, Chief Executive Officer,
                                          on behalf of Staar Surgical Company

APPROVED AS TO FORM AND CONTENT:

LAFAYETTE & KUMAGAI LLP

By:  /s/ Eric DeWalt
   ---------------------------------
         Eric DeWalt, Esq.
         Attorney for Richard Leza

WINSTON & STRAWN

By:  /s/ Diann H. Kim
   ---------------------------------
         Diann H. Kim, Esq.
         Attorney for Staar Surgical Company

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                                                                   EXHIBIT 10.94

                                February 27, 2003

Staar Surgical Company
1911 Walker Avenue
Monrovia, California 91016

Attention:        John Bily
                  Chief Financial Officer

        Re:       Waiver of Certain Covenants

Ladies and Gentlemen:

         We refer to the Amended and Restated Credit Agreement dated as of March
29, 2002 (as amended to date, the "Credit Agreement") between Staar Surgical
Company, a Delaware corporation (the "Borrower"), and Wells Fargo Bank, National
Association, a national banking association (the "Bank"). Terms defined in the
Credit Agreement and not otherwise defined herein have the same meanings when
used herein.

         1.       As of the effective date of this waiver letter but subject to
satisfaction of the terms and conditions specified herein, the Bank hereby
waives (a) the Events of Default caused by the Borrower's violation of the
covenants contained in Sections 4.9(b) and 4.9(h) of the Credit Agreement with
respect to December of 2002 and January of 2003, and (b) the Events of Default
expected to be caused by the Borrower's violation of the covenants contained in
Sections 4.9(b) and 4.9(h) of the Credit Agreement with respect to February and
March of 2003.

         2.       The Borrower hereby represents and warrants for the benefit of
the Bank that (a) the representations and warranties of the Borrower contained
in the Loan Documents are true and correct in all material respects on and as of
the effective date of this waiver letter, before and after giving effect to the
same, as if made on and as of such date, and (b) no event has occurred and is
continuing, or would result from the effectiveness of this waiver letter, that
constitutes an Event of Default. Except as specifically provided herein, the
execution, delivery and effectiveness of this waiver letter shall not operate as
a waiver of any right, power or remedy of the Bank under any of the Loan
Documents or constitute a waiver of any provision of any of the Loan Documents.

         3.       This waiver letter shall become effective as of the date first
set forth above, when and if the Borrower and the Bank execute counterparts of
this waiver letter and deliver them to each other.

         4.       The Borrower represents and warrants to the Bank that it has
diligently and thoroughly investigated the existence of any Claim (as defined
below) and that, to its knowledge and belief, no Claim exists and no facts exist
that could give rise to or support a Claim. As additional consideration for the
Bank's entering into this waiver letter, the Borrower and each of its agents,
employees, directors, officers, attorneys, affiliates, subsidiaries, successors
and assigns (each a "Releasing Party") hereby release and forever discharge the
Bank and each of its agents, direct and indirect shareholders, employees,
directors, officers, attorneys, branches, affiliates, subsidiaries, successors
and assigns (each a "Released Party") from any and all damages, losses, claims,
demands, liabilities, obligations, actions and causes of action whatsoever
(collectively "Claims") that the Releasing Parties or any of them may, as of the
effective date of this waiver letter, have or claim to have against any or all
of the Released Parties, in

<PAGE>

each case whether currently known or unknown or with respect to which the facts
are known (or should have been known), that could give rise to or support a
Claim on account of or in any way relating to, arising out of or based upon any
Loan Document, any amendment, waiver or other modification with respect thereto,
the negotiation or documentation hereof or thereof, any of the transactions
contemplated hereby or thereby, or any action or omission in connection with any
of the foregoing, including all such damages, losses, claims, demands,
liabilities, obligations, actions and causes of action heretofore sustained or
that may arise as a consequence of the dealings between the parties up to the
effective date of this waiver letter in connection with or in any way related to
any Loan Document or any amendment, waiver or other modification with respect
thereto. Each Releasing Party further represents and warrants that it has not
heretofore assigned, and covenants and agrees that it will not hereafter sue any
Released Party upon, any Claim released or purported to be released under this
section. Each Releasing Party will indemnify and hold harmless the Released
Parties against any loss or liability on account of any actions brought by any
Releasing Party or its assigns or prosecuted on behalf of any Releasing Party
and relating to any Claim released or purported to be released under this
section. It is further understood and agreed that any and all rights under the
provisions of Section 1542 of the California Civil Code are expressly waived by
each of the Releasing Parties. Section 1542 of the California Civil Code
provides as follows:

         "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES
         NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
         RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
         SETTLEMENT WITH THE DEBTOR."

         5.       This waiver letter may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
counterparts shall be an original and all of which taken together shall
constitute one and the same waiver letter.

         6.       THIS WAIVER LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE TO CONTRACTS
MADE AND PERFORMED IN THE STATE OF CALIFORNIA.

                                        Very truly yours,

                                        WELLS FARGO BANK,
                                        NATIONAL ASSOCIATION

                                        By:  /s/ Edith R. Lim
                                           --------------------------
                                        Name:    Edith R. Lim
                                             ------------------------
                                        Title:  Vice President
                                              -----------------------

Agreed as of the date first written above:
STAAR SURGICAL COMPANY

By:  /s/ John Bily
   ---------------------------
Name:    John Bily
     -------------------------
Title: Chief Financial Officer
      ------------------------

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