The actor had asked to cut his payments to Bach, 52, who he was married to from 1989 to 2006, after claiming he had just USD 4,000 in the bank and the pair have now agreed to adjust the figure from USD 21,000 to USD 10,000, per month, according to TMZ.
This comes just one month after Hasselhoff, 63, asked a Superior Court judge in Los Angeles to end the payments, claiming he could no longer afford them.
Hasselhoff claims he makes USD 112,000 a month and spends USD 66,000 but his ex-wife argued her case, insisting that he is worth millions and has property all over the world.