August 4, 1998
Exhibit 10(i)
August 4, 1998
Xxxxx Xxxx
Chief Financial Officer
LCA-Vision, Inc.
0000 Xxxxxxxxxx Xxxx
Cincinnati, OH 45236
RE:
Amendment to tangible net worth covenant
Dear Xxxxx,
This letter will serve as Provident Bank’s agreement to amend section 6.7 of the Loan and Security Agreement between LCA-Vision and the Bank dated June 29, 1998.
Effective immediately, section 6.7 is amended to read, “Maintain at all times a minimum consolidated Tangible Net Worth plus Subordinated Debt of not less than $16,000,000.”
If you have any questions or require more information, please give me a call. Thank you for your help in this matter.
Sincerely,
/s/ Xxxx Xxxxxxxx
Xxxx Xxxxxxxx
Vice President