EX-10.19 4 cacc-20170930xex1019.htm EXHIBIT 10.19 Exhibit

Credit Acceptance Corporation
25505 W. Twelve Mile Road
Southfield, Michigan 48034-8339

September 15, 2017

Donald A. Foss
26155 Hawthorne
Franklin, MI 48025

Dear Mr. Foss:
Reference is made to the following sentence included in Section 5(c) of the Shareholder Agreement (the “Shareholder Agreement”) dated January 3, 2017 between Credit Acceptance Corporation, a Michigan corporation (the “Company”), and Donald A. Foss (“Shareholder”) (italics added):
“The Shareholder shall cause Holdings to in good faith use its best efforts to deliver to the Company by May 31, 2017 (and, if such delivery is not effected by May 31, 2017, shall cause Holdings to in good faith use its best efforts to effect such delivery as soon as practicable thereafter), and shall in any event cause Holdings to deliver to the Company by September 30, 2017, the audited consolidated balance sheet of Holdings as of December 31, 2016 (including accompanying notes and audit opinion, which opinion shall be prepared by a Designated Accounting Firm (as defined below) and shall state in substance that such balance sheet fairly presents the consolidated financial position of Holdings and is prepared in accordance with U.S. generally accepted accounting principles) (the “2016 Year-End Balance Sheet”).”
The Company and Shareholder agree that the foregoing italicized reference to “September 30, 2017” is hereby changed to “November 30, 2017” and that all other provisions in the Shareholder Agreement remain in full force and effect.
[Signature page follows.]

If you agree with the foregoing, please sign and return a copy of this letter agreement to us, which will constitute our agreement with respect to the subject matter of this letter agreement.
Very truly yours,
By: /s/ Brett A. Roberts    
Name: Brett A. Roberts
Title: CEO
As of September 15, 2017:


/s/ Donald A. Foss
Donald A. Foss