Item 1.01 Entry into a Material Definitive Agreement.

On December 28, 2012, STAAR Surgical Company's wholly owned subsidiary, STAAR Japan KK (the "Company"), amended its existing line of credit agreement with Mizuho Bank ("Mizuho"), last amended on June 30, 2009. The amended agreement authorizes the Company to increase its borrowings from up to 300,000,000 Yen (approximately $3.5 million based on the exchange rate on December 28, 2012), at an interest rate equal to the Tokyo short-term prime interest rate (approximately 1.475% as of December 28, 2012) plus 1.125%, for a total effective rate of 2.6%, to a new limit of 500,000,000 Yen (approximately $5.8 million based on the exchange rate on December 28, 2012), at a lower interest rate equal to the Tokyo short-term prime interest rate (approximately 1.475% as of December 28, 2012). The credit facility may be renewed for an agreed upon term (the current line expires on March 28, 2013). The credit facility is not collateralized. The Company had 200,000,000 Yen outstanding on the line of credit as of December 30, 2011 and December 31, 2010 (approximately $2.3 million based on the foreign exchange rates on December 28, 2012), and increased its amount outstanding on the line of credit to 500,000,000 Yen (approximately $5.8 million based on the exchange rate on December 28, 2012) on December 28, 2012. In case of default, the interest rate will be increased to 14% per annum, the rate as set forth in the original facility agreement. The Company has no current need for additional cash. In 2012, the Company paid approximately $65,000 in interest expense related to its borrowings from Mizuho and the Company expects its interest expense owing to Mizuho to remain approximately the same in 2013. The Company believes the credit line will be renewed in fiscal 2013, similar to the renewals that have occurred since 2007.