la judge reduced bail from $ 25 million to $ 10 million for rap producer .
on thursday morning , knight walked out of court after the hearing .
authorities contend knight intentionally hit the men , killing terry carter , 55 , and seriously injuring cle ` bone ' sloan .
knight , 49 , was a key player in the gangster rap scene that flourished in the 1990s , and his label once listed dr dre , tupac shakur and snoop dogg .