Exhibit 10.11

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:

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 30th, 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 512.338.4400 |
Telefax 512.283.6751
www.dell.com | 1-800-BUY-DELL

 

   

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

Very truly yours,      DELL INC.           By: /s/ Brian P. MacDonald

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Name: Brian P. MacDonald
Title: Vice President and Treasurer

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

DELL FINANCIAL SERVICES L.P.,
a Delaware limited partnership           By: /s/ Gavan Goss

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  Name:
Title: Gavan Goss
CFO and Vice President       DELL CREDIT COMPANY L.L.C.,
a Delaware limited liability company   By: /s/ Brian P. MacDonald

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  Name:
Title: Brian P. MacDonald
Chairman  

DFS-SPV L.P., a Delaware limited partnership
By: DFS-GP, Inc.
Its: General Partner

  By: /s/ Gavan Goss

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  Name:
Title: Gavan Goss
CFO and Vice President   DFS-GP, Inc. a Delaware corporation   By: /s/ Gavan
Goss

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  Name:
Title: Gavan Goss
CFO and Vice President

 

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DELL GEN. P. CORP.
a Delaware corporation     By: /s/ Brian P. MacDonald

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  Name:
Title: Brian P. MacDonald
Vice President and Treasurer     DELL DFS CORPORATION,
a Delaware corporation   By: /s/ Brian P. MacDonald

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  Name:
Title: Brian P. MacDonald
Vice President and Treasurer     CIT Group Inc.,
a Delaware corporation     By: /s/ Joseph M. Leone

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  Name:
Title: Joseph M. Leone
Vice Chairman     CIT FINANCIAL USA, INC.
a Delaware corporation       By: /s/ Jeffrey D. Simon

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  Name:
Title: Jeffrey D. Simon
President Vendor Technology Group     CIT DCC INC.,
a Delaware corporation     By: /s/ Jeffrey D. Simon

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  Name:
Title: Jeffrey D. Simon
President     CIT DFS INC.,
a Delaware corporation     By: /s/ Jeffrey D. Simon

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  Name:
Title: Jeffrey D. Simon
President  

 

  3 

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CIT COMMUNICATIONS FINANCE
CORPORATION, a Delaware corporation     By: /s/ Jeffrey D. Simon

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  Name:
Title: Jeffrey D. Simon
President     CIT CREDIT GROUP USA INC.,
a Delaware corporation     By: /s/ Jeffrey D. Simon

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  Name:
Title: Jeffrey D. Simon
Executive Vice President  

 

  4 

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