DELL December 19, 2007 Jeffrey Simon President CIT DFS Inc. 1 CIT Drive Livingston, New Jersey 07039 Re: The 2004 Extension and Funding Agreement dated September 8, 2004 ("Funding Agreement") Ladies and Gentlemen:

Exhibit 10.11

DELL

December 19, 2007

Xxxxxxx Xxxxx
President
CIT DFS Inc.
0 XXX Xxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000

Re: The 2004 Extension and Funding Agreement dated September 8, 2004 ("Funding Agreement")

Ladies and Gentlemen:

Reference is made to the Funding Agreement. All capitalized terms used but not defined in this letter have the meanings assigned in the Funding Agreement.

Under Section 3(a) of the Funding Agreement "Funding Rights", CIT has the right, but not the obligation, to purchase its Fiscal Year 2010 CIT Minimum Funding Right in Fiscal Year 2009, for a cumulative Fiscal Year 2009 CIT Minimum Funding Right Percentage of up to 60%.

On January 30^th, 2009, Dell will have the right, but not the obligation, to purchase any remaining Fiscal Year 2010 CIT Minimum Funding Right Percentage not accelerated into Fiscal Year 2009, at a price equal to 2.1% of the Remaining CIT Minimum Funding Right Percentage of the agreed Gain Generated Funding for Fiscal Year 2010.

[SIGNATURE PAGE FOLLOWS]

Dell Inc. | One Dell Way | Round Rock, TX 78682 | Telephone 000.000.0000 | Telefax 512.283.6751
xxx.xxxx.xxx | 0-000-XXX-XXXX

 

If this letter accurately reflects our mutual agreement, please acknowledge by signing below where indicated.

			Very truly yours,
			DELL INC.
			By:	/s/ Xxxxx X. XxxXxxxxx Name: Xxxxx X. XxxXxxxxx Title: Vice President and Treasurer

Xxxxxxxxxxx and agreed to by each of the other parties to the Funding Agreement:

DELL FINANCIAL SERVICES L.P., a Delaware limited partnership
By:	/s/ Xxxxx Xxxx
Name: Title:	Xxxxx Xxxx CFO and Vice President
DELL CREDIT COMPANY L.L.C., a Delaware limited liability company
By:	/s/ Xxxxx X. XxxXxxxxx
Name: Title:	Xxxxx X. XxxXxxxxx Chairman
DFS-SPV L.P., a Delaware limited partnership By: DFS-GP, Inc. Its: General Partner
By:	/s/ Xxxxx Xxxx
Name: Title:	Xxxxx Xxxx CFO and Vice President
DFS-GP, Inc. a Delaware corporation
By:	/s/ Xxxxx Xxxx
Name: Title:	Xxxxx Xxxx CFO and Vice President

 

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DELL GEN. P. CORP. a Delaware corporation
By:	/s/ Xxxxx X. XxxXxxxxx
Name: Title:	Xxxxx X. XxxXxxxxx Vice President and Treasurer
DELL DFS CORPORATION, a Delaware corporation
By:	/s/ Xxxxx X. XxxXxxxxx
Name: Title:	Xxxxx X. XxxXxxxxx Vice President and Treasurer
CIT Group Inc., a Delaware corporation
By:	/s/ Xxxxxx X. Xxxxx
Name: Title:	Xxxxxx X. Xxxxx Vice Chairman
CIT FINANCIAL USA, INC. a Delaware corporation
By:	/s/ Xxxxxxx X. Xxxxx
Name: Title:	Xxxxxxx X. Xxxxx President Vendor Technology Group
CIT DCC INC., a Delaware corporation
By:	/s/ Xxxxxxx X. Xxxxx
Name: Title:	Xxxxxxx X. Xxxxx President
CIT DFS INC., a Delaware corporation
By:	/s/ Xxxxxxx X. Xxxxx
Name: Title:	Xxxxxxx X. Xxxxx President

 

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CIT COMMUNICATIONS FINANCE CORPORATION, a Delaware corporation
By:	/s/ Xxxxxxx X. Xxxxx
Name: Title:	Xxxxxxx X. Xxxxx President
CIT CREDIT GROUP USA INC., a Delaware corporation
By:	/s/ Xxxxxxx X. Xxxxx
Name: Title:	Xxxxxxx X. Xxxxx Executive Vice President

 

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