Exhibit 10.36
March 12, 2004
Xx. Xxxxxx X. Xxxxxxxx
Vice President & General Manager - Dealer Financial Services
00 Xxx Xxxxxxxxx Xxxx
Xxxxxxx, XX 00000-0000
Re: International Operating Agreement dated April 15, 1998 as amended from time
to time (the "Operating Agreement")
Dear Ed:
NACCO Materials Handling Group, Inc. ("NMHG") and General Electric Capital
Corporation ("GE Capital") and all of their respective affiliates and
subsidiaries which may be parties to the above-described Operating Agreement,
hereby agree that the "Base Term" (as that term is described in the Agreement)
shall be extended and shall now expire on December 15, 2004 ("New Base
Expiration Date") and all of the duties and obligations of the parties to the
Operating Agreement (as amended) shall continue unmodified and in full force and
effect until such date. Accordingly, in conjunction with the extension of such
"Base Term", the obligations of NMHG arising under (i) the Recourse for
Wholesale Accounts set forth in Section 3.7 of the Operating Agreement and (ii)
the terms of the Guaranty (as amended) shall continue unmodified and in full
force and effect through the New Base Expiration Date.
By their respective signatures below, NMHG and GE Capital each hereby agree to
all of the extensions noted above.
NACCO MATERIALS HANDLING GROUP, INC.
/s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Treasurer
GENERAL ELECTRIC CAPITAL CORPORATION
/s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx
Vice President & General Manager - Dealer Financial Services
