STAAR SURGICAL COMPANY
EX-10.14
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<TYPE>EX-10.14
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<DESCRIPTION>EX-10.14
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 10.14  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> <A NAME="dv1204_second_amendment_to_indenture_of_lease"> </A>
<A NAME="toc_dv1204_1"> </A>
<BR>    <U>SECOND AMENDMENT TO INDENTURE OF LEASE</U>    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This SECOND AMENDMENT TO INDENTURE OF LEASE ("Second Amendment") is made and entered into as of this 21st day of September&nbsp;1998, by and between FKT
ASSOCIATES, a California general partnership ("Lessor"), and STAAR SURGICAL COMPANY, a California corporation ("Lessee") with reference to the following recitals of fact: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dv1204_recitals"> </A>
<A NAME="toc_dv1204_2"> </A>
<BR></FONT><FONT SIZE=2><B><U>RECITALS</U>    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;Lessor
and Lessee entered into that certain Indenture of Lease dated September&nbsp;1, 1993 (the "Original Lease"), for the real property and improvements located
thereon commonly known as 1900 South Myrtle Avenue, Monrovia, CA ("the Property"), all as more particularly described therein. Also on September&nbsp;1, 1993, Lessor and Lessee entered into that
certain Lease Addition ("First Addition") ratifying and amending the Original Lease. The Original Lease and the First Addition are hereinafter collectively referred to as the "Lease". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;The
term of the Lease was sixty (60)&nbsp;months commencing on September&nbsp;1, 1993 and terminating on August&nbsp;31, 1998. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;Lessor
and Lessee now desire to modify and amend the Lease as provided in this Second Amendment to, among other things, extend the term of the Lease, change the
monthly rent to be paid by Lessee to Lessor and to provide for certain work to be done at the Property. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the foregoing Recitals, and the mutual covenants contained herein and for other good and valuable consideration, receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;Incorporation of Recitals.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;The above Recitals are hereby incorporated by reference and made a part
of this Second Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;Defined Terms.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;Capitalized terms not otherwise defined herein shall have the same meaning as
ascribed to them in the Lease. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;Term of Lease.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;The term of the Lease is changed so that the expiration date is 11:59&nbsp;P.M. on
August&nbsp;31, 2003, unless terminated sooner in accordance with the provisions of the Lease, as amended by this Second Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;Rental.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;Monthly installments of rent are paid in advance and will be the sum of Three Thousand Five
Hundred and no/100ths Dollars ($3,500.00) commencing on September&nbsp;1, 1998, and the sum of Three Thousand Eight Hundred and no/100ths Dollars ($3,800.00) commencing on March&nbsp;1, 2001. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;Improvements to the Property.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;Within sixty (60)&nbsp;days after written request from Lessee and
mutual agreement as to a color, Lessor will cause the exterior walls of the premises to be painted in a color selected by Lessee and reasonably approved by Lessor. Lessor will pay for the painting and
will select the painter. Lessor will only be required to have the exterior walls painted one time during the extended term of the Lease. During the extended term of the Lease, Lessor will, at Lessor's
expense, cause any low-lying areas of the roof to be corrected to provide for adequate drainage of water off of the roof. A roofer selected by Lessor will perform this work. Lessee will
cooperate with the painter and roofer to ensure that the work is performed as quickly as possible. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;No Brokers.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;Lessor and Lessee warrant and represent to the other that neither has engaged the
services of a real estate broker in connection with this Second Amendment and that no real estate broker, finder or other party is entitled to a commission or other compensation as a result of this
Second Amendment. Lessor and Lessee agree to defend, indemnity and hold harmless the other from any and all claims, compensation, liabilities, judgments and costs (including without limitation
attorneys' </FONT></P>

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<P><FONT SIZE=2>
fees) arising out of or connected in any way with, directly or indirectly, a breach of the foregoing representations and warranties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;Lessor's Address For Notices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;As provided for in paragraph&nbsp;39 of the Lease, Lessor's new
address for notices is: Mr.&nbsp;Ross Turner, General Partner, FKT Associates, 1225 Descanso Drive, La Canada, CA. 91011. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;8.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;No Further Modification.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;Except as set forth in this Second Amendment, all terms and provisions of
the Lease shall continue to apply and remain unmodified and in full force and effect. Should any inconsistency arise between this Second Amendment and the Lease as to the specific matters that are the
subject of this Second Amendment, the terms and conditions of this Second Amendment shall
control. This Second Amendment shall be considered to be part of the Lease and shall be deemed incorporated in the Lease by this reference. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, this Second Amendment has been executed as of the date and year first written above. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>SIGNATURE PAGE FOLLOWS</B></FONT></P>

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<TD WIDTH="51%" COLSPAN=3><FONT SIZE=2>Lessor:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
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FKT Associates, a California general partnership</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2><BR>
/s/ </FONT><FONT SIZE=2>ROSS E. TURNER</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="44%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Ross E. Turner, </FONT><FONT SIZE=2><I>General Partner</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
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Lessee:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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Staar Surgical Company a California Corporation</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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By:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="44%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/ </FONT><FONT SIZE=2>JOHN R. WOLF</FONT><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>President</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
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By:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="44%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/ </FONT><FONT SIZE=2>WILLIAM C. HUDDLESTON</FONT><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Secretary</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<FONT SIZE=2><A HREF="#toc_dv1204_1">SECOND AMENDMENT TO INDENTURE OF LEASE</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dv1204_2">RECITALS</A></FONT><BR>
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