EXHIBIT 10.15
AMENDMENT OF PROMISSORY NOTE
This Amendment of Promissory Note is made as of August 1, 1997, between
KeraVision, Inc. (the "COMPANY") and Xxxx Xxxxxx-Colbrie (the "PURCHASER").
The Promissory Note ("NOTE") executed by the Purchaser on November 7, 1993,
under which the Purchaser promised to pay to the Company $28,125.00, plus
interest, on or before October 21, 1997, is hereby amended as follows:
(1) On October 24, 1996, the Company forgave $5,000 of the principal amount
of this Note. The Company and the Purchaser hereby agree that the interest due
with respect to the Note as of the date hereof is $5,303.65, which amount is
hereby added to the original principal amount of the Note less the $5,000
forgiveness of principal by the Company, such that the principal as of the date
hereof is $28,428.65.
(2) The due date of all principal and interest under the Note is hereby
extended to August 1, 1999.
(3) The interest rate of the Note changes as of this Amendment Date from
the original 4.86% per annum, compounded semi-annually, to 5.79% per annum,
compounded semi-annually.
KERAVISION, INC. XXXX XXXXXX-COLBRIE
/s/ Xxxxxx X. Xxxxxx /s/ Xxxx Xxxxxxx-Colbrie
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Signature Signature
By: Xxxxxx X. Xxxxxx
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Print Name
Title: President & CEO
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