EX-10 4 ex10i.htm AMENDMENT TO TANGIBLE NET WORTH COVENANT 8/4/98 Converted by FileMerlin

Exhibit 10(i)







August 4, 1998




Larry Rapp

Chief Financial Officer

LCA-Vision, Inc.

7840 Montgomery Road

Cincinnati, OH  45236


RE:

Amendment to tangible net worth covenant



Dear Larry,


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/ Rick Wirthlin


Rick Wirthlin

Vice President