On October 30, 2017, ASV Holdings, Inc. and Caterpillar Inc. entered into a supply agreement, effective as of January 1, 2018. The Supply Agreement will replace the company's Letter Agreement with Caterpillar, dated as of December 18, 2014, which will expire on December 17, 2017. Pursuant to the Supply Agreement, the Company will continue to supply to Caterpillar certain multi-terrain loader undercarriages and service parts. The term of the Supply Agreement runs through December 31, 2020. The Supply Agreement establishes pricing and price adjustment mechanisms for the term of the agreement. The quantity of products the company will supply to Caterpillar will be determined by purchase orders issued by Caterpillar to the company. The Supply Agreement does not obligate Caterpillar to order any minimum amount of products.