<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>26
<FILENAME>a2058155zex-10_17.txt
<DESCRIPTION>EXHIBIT 10.17
<TEXT>
<Page>

                                                                   EXHIBIT 10.17

August 24, 2001


AMENDMENT TO LOAN AGREEMENT

Associated Bank and MedicalCV Inc. hereby agree to amend the Loan Agreement
dated 11/23/99.

The paragraph titled Tangible Net Worth shall be amended to read as follows:

         TANGIBLE NET WORTH. Maintain a minimum Tangible Net Worth of not less
         than $1,000,000.00 at April 30, 1999 and monthly thereafter.

All other terms of the subject Loan Agreement remain unchanged.

Borrower has paid or will pay in cash as agreed the following charge:

REDUCTION IN TANGIBLE NET WORTH COVENANT       $2000.00

Accepted and Agreed this August 24, 2001.

MedicalCV, Inc.                                Associated Bank Minnesota.


/s/ Blair P. Mowery                            /s/ Darin W. Florenz
------------------------------------           ---------------------------------
Blair P. Mowery                                Darin W. Florenz
President                                      AVP
------------------------------------           ---------------------------------
Title/President                                Title/Asst. Vice President


/s/ George M. Wettstaedt
------------------------
George M. Wettstaedt
CFO
Title/CFO


/s/ Gene Stobbs
------------------------------------
Gene Stobbs
Vice President of Operation
------------------------------------
Title/Vice President of Operation


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</DOCUMENT>