David Hasselhoff and his ex agreed to dramatically reduce his monthly check to her, and their judge ecstatically approved the truce.
According to legal docs obtained by TMZ ... David and ex-wife Pamela Bach agreed to cut his spousal support from $21k per month to $10k.
TMZ broke the story ... David asked to adjust the figure, saying he was low on cash, and Pamela clearly agreed to cut him some slack. The only one as happy as David had to be the judge -- check out the note he left for David and Pamela in the docs.
Smiles all around.