STAAR SURGICAL COMPANY
EX-10.49
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<TYPE>EX-10.49
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<DESCRIPTION>EX-10.49
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="fp1204_exhibit_10.49"> </A>
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<BR></FONT><FONT SIZE=2><B>Exhibit 10.49    <BR>  </B></FONT></P>

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<BR></FONT><FONT SIZE=2><B>MODIFICATION OF PROMISSORY NOTE    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Modification of Promissory Note ("Modification") is made this 21st day of August&nbsp;2000 by and between William C. Huddleston ("Maker") and STAAR
Surgical Company ("Holder") in reference to the following facts: </FONT></P>

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NAME="fp1204_recitals"> </A>
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<BR></FONT><FONT SIZE=2><B>RECITALS    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>A.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;On April&nbsp;7, 2000, Maker executed a Promissory Note ("Note") in favor of Holder for
the amount of $461,875. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>B.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;Maker and Holder have agreed to modify the terms of the Note. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fp1204_agreement"> </A>
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<BR></FONT><FONT SIZE=2><B>AGREEMENT    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>NOW, THEREFORE,</B></FONT><FONT SIZE=2> for valuable consideration, the receipt and sufficiency of which are acknowledged, Maker and
Holder agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Extension of Term.</I></B></FONT><FONT SIZE=2> Paragraph&nbsp;3 of the Note shall be modified to state, "Subject to paragraph&nbsp;9 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 on September&nbsp;4, 2003, </FONT> <FONT SIZE=2><I>provided, however,</I></FONT><FONT SIZE=2> that if
Maker's employment with Holder is terminated prior to September&nbsp;4, 2003 (a)&nbsp;by Holder without cause or
(b)&nbsp;by Maker for any reason, then Maker shall pay the Principal Amount and all accrued and unpaid interest on the Principal Amount and all other indebtedness due under this Note on a date which
is the later of September&nbsp;4, 2003 or two years from the date of such termination. Irrespective of the foregoing, payment of this Note is subject to the terms of that certain Employment
Agreement dated October&nbsp;1, 1999 by and between Maker and Holder, as such Employment Agreement was modified on August&nbsp;21, 2000, the terms of which are incorporated into this Note by
reference." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Remaining Provisions Shall Remain.</I></B></FONT><FONT SIZE=2> All other terms and provisions of the Note shall remain the same. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Attachment to Note Upon Execution.</I></B></FONT><FONT SIZE=2> Upon execution, this Modification shall be attached by Holder to the Note and
shall become a part of it. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS,</B></FONT><FONT SIZE=2> Maker and Holder have executed this Modification as of the date set forth above. </FONT></P>

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<TD WIDTH="51%" COLSPAN=3><FONT SIZE=2><B>"MAKER"<BR> </B></FONT></TD>
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/s/&nbsp;</FONT><FONT SIZE=2>WILLIAM C. HUDDLESTON</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> William C. Huddleston</FONT></TD>
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<TD WIDTH="52%" COLSPAN=3><BR><FONT SIZE=2><B>"HOLDER"<BR> </B></FONT><FONT SIZE=2>STARR Surgical Company, a Delaware corporation</FONT></TD>
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By:</FONT></TD>
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/s/&nbsp;</FONT><FONT SIZE=2>ANDREW F. POLLET</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<FONT SIZE=2><A HREF="#toc_fp1204_1">Exhibit 10.49</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_fp1204_2">MODIFICATION OF PROMISSORY NOTE</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_fp1204_3">RECITALS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_fp1204_4">AGREEMENT</A></FONT><BR>
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