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PROMISSORY NOTE
  Secured by Deed of Trust    
  

	$288,000	 	November 1, 2000

Monrovia, California

    FOR VALUE RECEIVED, the receipt and sufficiency of which is acknowledged, Andrew F.
Pollet ("Maker"), hereby promises to pay to STAAR Surgical Company, or order ("Holder"), at the address designated on the
signature page of this Note, or at such other place as Holder may designate by written notice to Maker, the principal sum hereinbelow described ("Principal Amount"), together with interest thereon, in
the manner and at the times provided and subject to the terms and conditions described herein. 

    1.  Principal Amount.  

    The
Principal Amount means the sum of two hundred eighty-eight thousand dollars ($288,000). 

    2.  Interest.  

    Interest
on the Principal Amount from time-to-time remaining unpaid shall accrue from the date of this Note at the lower of: (i) the rate of seven
percent (7%) per annum, compounded annually; or (ii) at the lowest rate that may accrue without causing the imputation of interest under the Internal Revenue Code. Interest shall be computed on
the basis of a three hundred sixty (360) day year and a thirty (30) day month. 

    3.  Payment of Principal and Interest.  

    Subject
to paragraph 8, below, Maker shall pay the Principal Amount and all accrued and unpaid interest on the Principal Amount and all other indebtedness due under this Note
five (5) years from the date of this Note, on November 1, 2005. 

    4.  Security/Release of Security.  

    Maker
shall pledge as security for the repayment of all sums payable under this Note the real property commonly known as 10934 Alto Court, Oak View, California. Maker acknowledges
executing and recording with the Ventura County Recorder a deed of trust dated September 5, 2000 and recorded as document number 00-0166279-00, evidencing Holder's
security interest in the real property. If, for a period of fifteen (15) consecutive days, the fair market value of the real property falls below all sums unpaid under this Note and the unpaid
balance of all promissory notes or other obligations secured thereby, then Maker will be required to transfer to Holder, upon receipt of Holder's written request, additional security, in any form
acceptable to Holder, in an amount equal to the difference between all sums due under this Note and such other notes or obligations and the fair market value of the real property. 

    5.  Prepayments.  

    Maker
shall have the right to prepay any portion of the Principal Amount without prepayment penalty or premium or discount. 

    6.  Manner of Payments/Crediting of Payments.  

    Payments
of any amount required hereunder shall be made in lawful money of the United States or in such other property as Holder, in its sole and absolute discretion, may accept,
without deduction or offset, and shall be credited first against accrued but unpaid late charges, if any, thereafter against accrued but unpaid interest, if any, and thereafter against the unpaid
balance of the Principal Amount. 

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    7.  Interest on Delinquent Payments.  

    Any
payment under this Note not paid when due shall bear interest at the same rate and method as interest is charged on the Principal Amount from the due date until paid. 

    8.  Acceleration Upon Default.  

    At
the option of Holder, all or any part of the indebtedness of Maker hereunder shall immediately become due and payable, irrespective of any agreed maturity date, upon the happening
of any of the following events of default: 

    (a) If
any part of the Principal Amount and/or interest thereon under this Note are not paid when due, provided, however, Maker shall be entitled to a grace period of
ten (10) days following written notice of such event of default to cure said event of default; 

    (b) If
Maker shall breach any non-monetary condition or obligation imposed on Maker pursuant to the terms of this Note, provided, however, that if any such
breach is reasonably susceptible of being cured, Maker shall be entitled to a grace period of thirty (30) days following written notice of such event of default to cure; 

    (c) If
Maker shall make an assignment for the benefit of creditors; 

    (d) If
a custodian, trustee, receiver, or agent is appointed or takes possession of substantially all of the property of Maker; 

    (e) If
Maker shall be adjudicated bankrupt or insolvent or admit in writing Maker's inability to pay Maker's debts as they become due; 

    (f)  If
Maker shall apply for or consent to the appointment of a custodian, trustee, receiver, intervenor, liquidator or agent of Maker, or commence any proceeding
related to Maker under any bankruptcy or
reorganization statute, or under any arrangement, insolvency, readjustment of debt, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect; 

    (g) If
any petition is filed against Maker under the Bankruptcy Code and either (A) the Bankruptcy Court orders relief against Maker, or (B) such petition
is not dismissed by the Bankruptcy Court within thirty (30) days of the date of filing; or 

    (h) If
any attachment, execution, or other writ is levied on substantially all of the assets of Maker and remains in effect for more than five (5) days. 

Maker
shall notify Holder immediately if any event of default which is described in sub-paragraph (c) through sub-paragraph (h), above, occurs. 

    9.  Collection Costs and Attorneys' Fees.  

    Maker
agrees to pay Holder all costs and expenses, including reasonable attorneys' fees, paid or incurred by Holder in connection with the collection or enforcement of this Note or
any instrument securing payment of this Note, including without limitation, defending the priority of such instrument or conducting a trustee sale thereunder. In the event any litigation is initiated
concerning the enforcement, interpretation or collection of this Note, the prevailing party in any proceeding shall be entitled to receive from the non-prevailing party all costs and
expenses including, without limitation, reasonable attorneys' and other fees incurred by the prevailing party in connection with such action or proceeding. 

    10.  Notice.  

    Any
notice to either party under this Note shall be given by personal delivery or by express mail, Federal Express, DHL or similar airborne/overnight delivery service, or by mailing
such notice by first class or certified mail, return receipt requested, addressed to such party at the address set forth below, 

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or to such other address as either party from time to time may designate by written notice. Notices delivered by overnight delivery service shall be deemed delivered the next business day following
consignment for such delivery service. Mailed notices shall be deemed delivered and received in accordance with this provision three (3) days after deposit in the United States mail. 

    11.  Usury Compliance.  

    All
agreements between Maker and Holder are expressly limited, so that in no event or contingency whatsoever, whether by reason of the consideration given with respect to this Note,
the acceleration of maturity of the unpaid Principal Amount and interest thereon, or otherwise, shall the amount paid or agreed to be paid to Holder for the use, forbearance, or detention of the
indebtedness which is the subject of this Note exceed the highest lawful rate permissible under the applicable usury laws. If, under any circumstances whatsoever, fulfillment of any provision of this
Note shall involve transcending the highest interest rate permitted by law which a court of competent jurisdiction deems applicable, then the obligations to be fulfilled shall be reduced to such
maximum rate, and if, under any circumstances whatsoever, Holder shall ever receive as interest an amount that exceeds the highest lawful rate, the amount that would be excessive interest shall be
applied to the reduction of the unpaid Principal Amount under this Note and not to the payment of interest, or, if such excessive interest exceeds the unpaid balance of the Principal Amount under this
Note, such excess shall be refunded to Maker. This provision shall control every other provision of all agreements between Maker and Holder. 

    12.  Jurisdiction; Venue.  

    This
Note shall be governed by, interpreted under and construed and enforced in accordance with the laws of the State of California. Any action to enforce payment of this Note shall
be filed and heard solely in Los Angeles County, California. 

	 	 	MAKER:
	

 	
 	
/s/ ANDREW F. POLLET   
Andrew F. Pollet
	

 	
 	

MAKER'S ADDRESS:
	

 	
 	

c/o 10900 Wilshire Boulevard, Suite 500

Los Angeles, California 90024
	

 	
 	
HOLDER'S ADDRESS:
	

 	
 	

STAAR SURGICAL COMPANY

1911 Walker Avenue

Monrovia, California 91016

Attn.: Chief Financial Officer

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	 	Recording Requested By	 	 
	

Andrew F. and Sally M. Pollet	
 	

 
	

AND WHEN RECORDED MAIL TO:

STAAR Surgical Company

c/o Mary Ann Sapone

Pollet & Richardson

10900 Wilshire Blvd., Suite 500

Los Angeles, California 90024	
 	
Ventura, County Recorder

RICHARD D. DEAN

DOC- 2000-0166279-00

Check Number 222750

REQD BY JANNEY & JANNEY

Monday, OCT 23, 2000 10:47:36

Ttl Pd $20.00   Nbr-0000262592

                DJS/C3/2-3

	

	
 	

SPACE ABOVE THIS LINE FOR RECORDER'S USE	
 	

 
 

SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS (INDIVIDUAL)    
  

	 	 	 	 	 	 	 	 	ALL	 	Title No.	 	

	 	 	 	 	 	 	 	 	PTN	 	Escrow No.	 	

This Deed of Trust, made this 5th day of September 2000, between Andrew F. Pollet and Sally M. Pollet, as individuals and as Co-Trustees of the Andrew F. and Sally M. Pollet Revocable
Trust dated March 6, 1990, herein called Trustor, whose address is 10934 Alto Court, Oak View, California 93022 

	(Number and Street)	 	(city)	 	(state)	 	(zip)

Provident Title Company, a California corporation, herein called Trustee, and STAAR Surgical Company, a Delaware corporation, herein called Beneficiary 

Witnesseth: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH POWER OF
SALE, that property in Ventura County, California, described as: 

See
attached Exhibit A 

TOGETHER
WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority given to and conferred upon Beneficiary by paragraph (10) of the provisions
incorporated herein by reference to collect and apply such rents, issues and profits. 

For the Purpose of Securing: 1. Performance of each agreement of Trustor incorporated by reference or contained herein. 2. Payment of the
indebtedness evidenced by promissory note, and any extension or renewal thereof, in the principal sum of $878,625 executed by Trustor in favor of Beneficiary or order. 3. Payment of such further
sums as the then record owner of said property may borrow from Beneficiary, when evidenced by another note (or notes) reciting it is so secured. 

To Protect the Security of This Deed of Trust, Trustor Agrees: By the execution and delivery of this Deed of Trust and the rate secured hereby, that
provisions (1) to (14), inclusive, of the fictitious deed of trust recorded October 23, 1961, in the book and at the page of Official Records in the office of the county recorder of the
county where said property is located, noted below opposite the name of such county, viz: 

	COUNTY	 	BOOK	 	PAGE	 	COUNTY	 	BOOK	 	PAGE	 	COUNTY	 	BOOK	 	PAGE
	Los Angeles	 	T2055	 	899	 	Riverside	 	3005	 	523	 	San Diego	 	Series 2 Book 1961

Page 183887
	Orange	 	5889	 	611	 	San Bernardino	 	5567	 	61	 	Ventura	 	2062	 	386

(which provisions, identical in all counties, are printed on the reverse hereof) hereby are adopted and incorporated herein and made a part hereof as fully as though set forth herein
at length; that he will observe and perform said provisions; and that the references to property, obligations, and parties in said provisions shall be construed to refer to the property,
obligations, and parties set forth in this Deed of Trust. 

The
Undersigned Trustor requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to him at his address hereinbefore set forth. 

	STATE OF CALIFORNIA

COUNTY OF LOS ANGELES	 	}SS.	 	/s/ Andrew F. Pollet
 Andrew F. Pollet, individually & as Co-Trustee of the Andrew F. & Sally M. Pollet Rev. Trust
	

On Sept 5, 2000 before me, Mary Ann Parlapiano, Notary Public personally appeared Andrew F. Pollet & Sally M. Pollet personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the
person(s) acted, executed the instrument.

WITNESS my hand and official seal	
 	

/s/ Sally M. Pollet
 Sally M. Pollet, individually and as Co-Trustee of the Andrew F. & Sally M. Pollet Rev. Trust

	Signature	 	/s/ Mary Ann Parlapiano
	 	MARY ANN PARLAPIANO

Commission # 1199651

Notary Public - California

Los Angeles County

My Comm. Expires Oct 25, 2002
	 	 	 	 	(This area for official notarial seal)

DO NOT RECORD  

   The
following is a copy of provisions (1) to (14) inclusive of the fictitious deed of trust, recorded in each county in California, as stated in the foregoing Deed of Trust and
incorporated by reference in said Deed of Trust as being a part thereof as if set forth at length therein. 

To Protect the Security of This Deed of Trust, Trustor Agrees:  

   (1) To
keep said property in good condition and repair, not to remove or demolish any building thereon, to complete or restore promptly and in good and workmanlike
manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor, to comply with all laws affecting said
property or requiring any alterations or improvements to be made thereon, not to commit or permit waste thereof, not to commit, suffer or permit any act upon said property in violations of law, to
cultivate, irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said property may be reasonably necessary, the specific enumerations herein not excluding the
general. 

   (2) To
provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary. The amount collected under any fire or other
insurance policy may be applied by Beneficiary upon indebtedness secured hereby and in such order as Beneficiary may determine, or at option of Beneficiary the entire amount so collected or any part
thereof may be released
to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. 

   (3) To
appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee; and to pay all costs
and expenses including cost of evidence of title and attorneys' fees in a reasonable sum, in any such action or proceeding in which Beneficiary or Trustee may appear, and in any suit brought by
Beneficiary to foreclose this Deed. 

   (4) To
pay: at least ten days before delinquency all taxes and assessments affecting said property, including assessments on appurtenant water stock; when due, all
encumbrances, charges and liens, with interest, on said property or any part thereof, which appear to be prior or superior hereto; all costs, fees and expenses of this Trust. 

   Should
Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee, but without obligation so to do and without notice to or demand upon
Trustor and without releasing Trustor from any obligation hereof, may make or do the same in such manner and to such extent as either may deem necessary to protect the security hereof. Beneficiary
or Trustee being authorized to enter upon said property for such purposes, appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of
Beneficiary or Trustee, pay, purchase, contest or compromise any encumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto, and, in exercising any such
powers, pay necessary expenses, employ counsel and pay his reasonable fees. 

   (5) To
pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date of expenditure of the amount allowed by law in
effect at the date hereof, and to pay for any statement provided for by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by the Beneficiary and not to
exceed the maximum allowed by law at the time when said statement is demanded. 

   (6) That
any award of damages in connection with any condemnation for public use of or injury to said property or any part thereof is hereby assigned and shall be
paid to Beneficiary who may apply or release such moneys received by him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other insurance. 

   (7) That
by accepting payment of any sum secured hereby after its due date, Beneficiary does not waive his right either to require prompt payment when due of all
other sums so secured or to declare default for failure so to pay. 

   (8) That
at any time or from time to time, without liability therefor and without notice, upon written request of Beneficiary and presentation of this Deed and said
note for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby, Trustee may: reconvey any part of said property; consent to the
making of any map or plat thereof; join in granting any easement thereon; or join in any extension agreement or any agreement subordinating the lien or charge hereof. 

   (9) That
upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed and said note to Trustee for
cancellation and retention and upon payment of its fees, Trustee shall reconvey, without warranty, the property then held hereunder. The recitals in such reconveyance of any matters or facts shall
be conclusive proof of the truthfulness thereof. The grantee in such reconveyance may be described as "The person or persons legally entitled thereto." Five years after issuance of such full
reconveyance, Trustee may destroy said note and this Deed (unless directed in such request to retain them). 

   (10) That
as additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance of these Trusts, to
collect the rents, issues and profits of said property, reserving unto Trustor the right, prior to any default by Trustor in payment of any indebtedness secured hereby or in performance of any
agreement hereunder, to collect and retain such rents, issues and profits as they become due and payable. Upon any such default, Beneficiary may at any time without notice, either in person, by
agent, or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of said property or any
part thereof, in his own name sue for or otherwise collect such rents, issues and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and
collection, including reasonable attorneys' fees. Upon any indebtedness secured hereby, and in such order as Beneficiary may determine. The entering upon and taking possession of said property, the
collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such
notice. 

   (11) That
upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder, Beneficiary may declare all sums secured
hereby immediately due and payable by delivery to Trustee of written declaration of default
and demand for sale and of written notice of default and of election to cause to be sold said property, which notice Trustee shall cause to be filed for record. Beneficiary also shall deposit with
Trustee this Deed, said note and all documents evidencing expenditures secured hereby. 

   After
the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale having been given as then required by law,
Trustee, without demand on Trustor, shall sell said property at the time and place 

fixed by it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United
States, payable at time of sale. Trustee may postpone sale of all or any portion of said property by public announcement at such time and place of sale, and from time to time thereafter may postpone
such sale by public announcement at the time fixed by the preceding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or
warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including the Trustor, Trustee, or Beneficiary as
hereinafter defined, may purchase at such sale. 

   After
deducting all costs, fees and expenses of Trustee and of this Trust, including cost of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to
payment of all sums expended under the terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby, and the
remainder, if any, to the person or persons legally entitled thereto. 

   (12) Beneficiary,
or any successor in ownership of any indebtedness secured hereby, may from time to time, by instrument in writing, substitute a successor or
successors to any Trustee named herein or acting hereunder, which instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county or counties
where said property is situated, shall be conclusive proof of proper substitution of such successor. Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all
its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and page where this Deed is recorded and the
name and address of the new Trustee. 

   (13) That
this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors and
assigns. The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby whether or not named as Beneficiary herein. In this Deed, whenever the context so
requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. 

   (14) That
Trustee accepts this trust when this Deed, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify
any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee. 

 DO NOT RECORD  

 
 

REQUEST FOR FULL RECONVEYANCE    
  

   To be used only when note has been paid: 

To
Provident Title company, Trustee:            dated              

   The
undersigned is the legal owner and holder of all indebtedness secured by the within Deed of Trust. All sums secured by said Deed of Trust have been fully paid and satisfied; and
you are hereby requested and directed, on payment to you of any sums owing to you under the terms of said Deed of Trust, to cancel all evidences of indebtedness, secured by said Deed of Trust,
delivered to you herewith together with said Deed or Trust, and to reconvey, without warranty, to the parties designated by the terms of said Deed of Trust, the estate now held by you under the
same. 

	Mail Reconveyance to:	 	 	 	 
	 	 	

	
	 	

	
	 	By	 	

	
	 	By	 	

Do not lose or destroy this Deed of Trust OR THE NOTE which it secures. Both must be

delivered to the Trustee for cancellation before reconveyance will be made. 

 
 

Exhibit A    
  

   
Lot 50 of Tract 3044-3 in the County of Ventura, State of California as shown on the map of said tract recorded in book 92, pages 93 through 96 of Miscellaneous Records (Maps) in the office of the
County Recorder of said County. 

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SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS (INDIVIDUAL)

REQUEST FOR FULL RECONVEYANCE

Exhibit A

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