Confirmation of Extension of Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement between Titan Machinery, Inc. and CNH Capital America LLC
This letter agreement confirms that Titan Machinery, Inc. and CNH Capital America LLC have extended the term of their existing Wholesale Floor Plan Credit Facility and Security Agreement for an additional twelve months, effective August 31, 2012. The agreement will continue to automatically renew for successive one-year periods unless either party provides ninety days' written notice of termination. Both parties have acknowledged and agreed to this extension.
EXHIBIT 10.49
Steven C. Bierman
President
CNH Capital America, LLC
February 15, 2013
VIA ELECTRONIC AND OVERNIGHT DELIVERY
Titan Machinery, Inc.
644 E. Beaton Dr.
West Fargo, ND 58078
Attn: Mr. David Meyer
Re: Confirmation of Extension of Credit
Dear Mr. Meyer:
This letter is to confirm that effective August 31, 2012, the term of the Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement, dated November 13, 2007 (the “Agreement”) by and between Titan Machinery, Inc. and CNH Capital America LLC was extended, in accordance with Section 2.03, for an additional twelve (12) month period and thereafter, will automatically renew for successive twelve month periods unless ninety (90) days’ prior written notice is given to the other party of the Agreement’s termination.
If you have any questions, please contact me at ###-###-####.
| Sincerely, |
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| /s/ Steven C. Bierman |
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| Steven C. Bierman |
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| President |
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| CNH Capital America, LLC |
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| Acknowledged: |
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| Titan Machinery, Inc. |
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| By: | /s/ David J. Meyer |
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| David J. Meyer | Title: CEO |
