Effective June 17, 2009, Arctic Cat Inc. (the "Company"), Arctic Cat Sales Inc., a Minnesota corporation, Arctic Cat Production LLC, a Minnesota limited liability company, Arctic Cat Production Support LLC, a Minnesota limited liability company, and Arctic Cat Shared Services LLC, a Minnesota limited liability company (collectively, the "Guarantors"), and Wells Fargo Bank, National Association ("Wells Fargo"), entered into a Third Amendment to Credit Agreement (the "Amendment"), which amends the Company's revolving line of credit under the Credit Agreement, dated August 29, 2008 and as amended on March 31, 2009 and June 1, 2009, between the Company and Wells Fargo, as the Administrative Agent, Issuing Lender and sole Lender (the "Credit Agreement").

Pursuant to the Amendment, the scheduled termination date of the Credit Agreement was extended to March 31, 2010. The aggregate principal amount the Company may borrow under the Credit Agreement was increased to $60,000,000, which amount is automatically reduced each month beginning August 1, 2009 in line with the Company's expected reduction in working capital needs, and the floating interest rate applicable to revolving notes issued under the Credit Agreement was increased. The Company is required to achieve certain pre-tax net income benchmarks and meet additional financial reporting requirements under the Amendment. The Amendment also limits the aggregate amount of capital expenditures made by the Company and requires the Company or one or more of its subsidiaries to maintain a contractual arrangement with one or more lenders to make available floor plan financing to the Company's dealers.

Except as provided in the Amendment, all of the terms and conditions of the Credit Agreement remain in full force and effect. The foregoing description of the Amendment is a summary and is qualified in its entirety by reference to the Amendment attached hereto as Exhibit 10.1, which is incorporated herein by reference to this Item 1.01.

(d) Exhibits.

Exhibit No.                          Description of Exhibit
10.1           Third Amendment to Credit Agreement, dated as of June 17, 2009,
               among the Company, Guarantors, and Wells Fargo Bank, N.A.