Item 1.01. Entry Into a Material Definitive Agreement





Amendment to Loan Agreement

On March 31, 2020, TearLab Corporation (the "Company" or "TearLab") entered into a Consent Agreement (the "Consent") by and among the Company, certain of its subsidiaries and CRG LP and certain of its affiliate funds as lenders (the "Loan Agreement"). The Consent extends the date on which the principal and interest payments are due under the Loan Agreement from March 31, 2020 to May 31, 2020. Additionally, as of March 31, 2020 the Company was not in compliance with the minimum revenue covenant under the Loan Agreement and the Consent temporarily waives any related default until May 31, 2020. Failure by the Company to make the principal and interest payment on or before May 31, 2020 will result in an immediate event of default under the Loan Agreement.

The foregoing description of the Consent is qualified in its entirety by the terms and conditions of the Consent, the form of which will be attached as an exhibit to the Company's Quarterly report for the period ending March 31, 2020.

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