POLARIS INDUSTRIES INC. MASTER NOTE PURCHASE AGREEMENT Dated as of December 13, 2010 Initial Issuance of $25,000,000 3.81% Senior Notes, Series 2011, Tranche A, due May 2, 2018 $75,000,000 4.60% Senior Notes, Series 2011, Tranche B, due May 3, 2021Master Note Purchase Agreement • December 15th, 2010 • Polaris Industries Inc/Mn • Miscellaneous transportation equipment • New York
