<SEC-DOCUMENT>0001171843-17-006370.txt : 20171030
<SEC-HEADER>0001171843-17-006370.hdr.sgml : 20171030
<ACCEPTANCE-DATETIME>20171027190206
ACCESSION NUMBER:		0001171843-17-006370
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171025
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171030
DATE AS OF CHANGE:		20171027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAS CARMART INC
		CENTRAL INDEX KEY:			0000799850
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				630851141
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14939
		FILM NUMBER:		171160505

	BUSINESS ADDRESS:	
		STREET 1:		802 SOUTHEAST PLAZA AVE.
		STREET 2:		SUITE 200
		CITY:			BENTONVILLE
		STATE:			AR
		ZIP:			72712
		BUSINESS PHONE:		(479) 464-9944

	MAIL ADDRESS:	
		STREET 1:		802 SOUTHEAST PLAZA AVE.
		STREET 2:		SUITE 200
		CITY:			BENTONVILLE
		STATE:			AR
		ZIP:			72712

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROWN GROUP INC /TX/
		DATE OF NAME CHANGE:	19971022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROWN CASINO CORP
		DATE OF NAME CHANGE:	19931104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SKYLINK AMERICA INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>8-K
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<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>October 25, 2017</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMERICA&rsquo;S CAR-MART, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 33%; text-align: center"><B>Texas</B></TD>
    <TD STYLE="width: 34%; text-align: center"><B>0-14939</B></TD>
    <TD STYLE="width: 33%; text-align: center"><B>63-0851141</B></TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission file number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>802 SE Plaza Avenue, Suite 200, Bentonville,
Arkansas 72712</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices,
including zip code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(479) 464-9944</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[ ] Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule&nbsp;12b-2&nbsp;of the Securities Exchange Act of 1934
(17 CFR&nbsp;&sect;240.12b-2).&nbsp;Emerging growth company [&nbsp;&nbsp;&nbsp;]</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant has elected not
to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. [&nbsp;&nbsp;&nbsp;]</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 11.75in"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.5pt"><B>Item 1.01.</B></TD><TD><B>Entry into a Material Definitive Agreement.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">On October 25, 2017, America&rsquo;s
Car-Mart, Inc., a Texas corporation (the &ldquo;Company&rdquo;), and its subsidiaries, Colonial Auto Finance, Inc., an Arkansas
corporation (&ldquo;Colonial&rdquo;), America&rsquo;s Car Mart, Inc., an Arkansas corporation (&ldquo;ACM&rdquo;), and Texas Car-Mart,
Inc., a Texas corporation (&ldquo;TCM&rdquo;), entered into Amendment No.1 to the Second Amended and Restated Loan and Security
Agreement (&ldquo;Agreement&rdquo;), dated as of December 12, 2016, by and among the Company, Colonial, ACM, TCM and a group of
lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">Amendment No. 1 to the Agreement
(the &ldquo;Amendment&rdquo;) amends the definition of &ldquo;Permitted Distributions&rdquo;. The Amendment (i) increases the aggregate
limit on repurchases beginning with the effective date of the Agreement to $50 million, net of proceeds received from the exercise
of stock options, plus for a period of six months, the amount of repurchases available to the Company immediately prior to the
effective date of the Amendment (net of proceeds received from exercise of stock options), and (ii) reduces the upper threshold
to 20% from 25% for minimum net availability of the borrowing base for financial covenant testing and limitations on distributions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">The Amendment also provides
for a 0.025% decrease in the second pricing tier and a 0.125% decrease in the third pricing tier for determining the applicable
interest rate. The Amendment also adds a fourth pricing tier at LIBOR plus 2.875%, based on the Company&rsquo;s consolidated leverage
ratio if greater than 1.75:1.00 for the preceding fiscal quarter. The Amendment does not change the first pricing tier. Pricing
tiers are based on the Company&rsquo;s consolidated leverage ratio for the preceding fiscal quarter. The current applicable interest
rate is in the second pricing tier under the Amendment which is generally LIBOR plus 2.35%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">The Amendment also increases
the termination fee to 0.5% of the revolver commitment being terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">Borrowings continue to be secured
primarily by accounts receivable and inventory for the respective subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">The descriptions above are summaries
and are qualified in their entirety by Amendment No. 1, which is filed as an exhibit to this report and is incorporated herein
by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.5pt"><B>Item 2.03.</B></TD><TD STYLE="text-align: justify"><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify; text-indent: -49.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify; text-indent: 0pt">The information
set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.5pt">Item 9.01.</TD><TD>Financial Statements and Exhibits</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify; text-indent: 0pt">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt"><A HREF="http://www.sec.gov/Archives/edgar/data/799850/000117184316013671/exh_41.htm" STYLE="-sec-extract: exhibit">4.1</A></TD><TD STYLE="text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/799850/000117184316013671/exh_41.htm" STYLE="-sec-extract: exhibit">Second Amended and Restated Loan and Security Agreement dated December 12, 2016, among America&rsquo;s
Car-Mart, Inc., a Texas corporation, as Parent; Colonial Auto Finance, Inc., an Arkansas corporation, America&rsquo;s Car Mart,
Inc., an Arkansas corporation, and Texas Car-Mart, Inc., a Texas corporation, as Borrowers; and certain financial institutions,
as Lenders, with Bank of America N.A., as Agent, Lead Arranger and Book Manager (Incorporated by reference to Exhibit 4.1 to the
Company&rsquo;s Current Report on Form 8-K filed with the SEC on December 15, 2016).</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt"><A HREF="exh_42.htm">4.2</A></TD><TD STYLE="text-align: justify"><A HREF="exh_42.htm">Amendment No. 1 to Second Amended and Restated Loan and Security Agreement dated October 25, 2017,
among America&rsquo;s Car-Mart, Inc., a Texas corporation, as Parent; Colonial Auto Finance, Inc., an Arkansas corporation, America&rsquo;s
Car Mart, Inc., an Arkansas corporation, and Texas Car-Mart, Inc., a Texas corporation, as Borrowers; and certain financial institutions,
as Lenders, with Bank of America N.A., as Agent, Lead Arranger and Book Manager.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 14pt">America&rsquo;s Car-Mart, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">Date: &nbsp;October 27, 2017</TD>
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid">/s/ Jeffrey A. Williams</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Jeffrey A. Williams</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">President, Chief Financial Officer and Secretary</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">(Principal Financial Officer)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt"><A HREF="http://www.sec.gov/Archives/edgar/data/799850/000117184316013671/exh_41.htm" STYLE="-sec-extract: exhibit">4.1</A></TD><TD STYLE="text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/799850/000117184316013671/exh_41.htm" STYLE="-sec-extract: exhibit">Second Amended and Restated Loan and Security Agreement dated December 12, 2016, among America&rsquo;s
Car-Mart, Inc., a Texas corporation, as Parent; Colonial Auto Finance, Inc., an Arkansas corporation, America&rsquo;s Car Mart,
Inc., an Arkansas corporation, and Texas Car-Mart, Inc., a Texas corporation, as Borrowers; and certain financial institutions,
as Lenders, with Bank of America N.A., as Agent, Lead Arranger and Book Manager (Incorporated by reference to Exhibit 4.1 to the
Company&rsquo;s Current Report on Form 8-K filed with the SEC on December 15, 2016).</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt"><A HREF="exh_42.htm">4.2</A></TD><TD STYLE="text-align: justify"><A HREF="exh_42.htm">Amendment No. 1 to Second Amended and Restated Loan and Security Agreement dated October 25, 2017,
among America&rsquo;s Car-Mart, Inc., a Texas corporation, as Parent; Colonial Auto Finance, Inc., an Arkansas corporation, America&rsquo;s
Car Mart, Inc., an Arkansas corporation, and Texas Car-Mart, Inc., a Texas corporation, as Borrowers; and certain financial institutions,
as Lenders, with Bank of America N.A., as Agent, Lead Arranger and Book Manager.</A></TD></TR></TABLE>



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<TYPE>EX-4.2
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<DESCRIPTION>EXHIBIT 4.2
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 4.2</B></p>

<p style="margin: 0; text-align: right">&nbsp;</p>

<p style="margin: 0; text-align: left"></p>

<p style="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: right; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">AMENDMENT NO. 1 TO<br>
SECOND AMENDED AND RESTATED</p>

<p style="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">LOAN AND SECURITY AGREEMENT<br>
<br>
</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This <b>AMENDMENT NO. 1 TO SECOND AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT</b> (&ldquo;<u>Amendment</u>&rdquo;) is dated as of October 25, 2017 and is entered into by
and among <b>AMERICA&rsquo;S CAR-MART, INC.</b>, a Texas corporation (&ldquo;<u>Parent</u>&rdquo;), <b>COLONIAL AUTO FINANCE, INC.</b>,
an Arkansas corporation (&ldquo;<u>Colonial</u>&rdquo;), <b>AMERICA&rsquo;S CAR MART, INC.</b>, an Arkansas corporation (&ldquo;<u>ACM</u>&rdquo;),
<b>TEXAS CAR-MART, INC.</b>, a Texas corporation (&ldquo;<u>TCM</u>&rdquo;)(each of Colonial, ACM and TCM, a &ldquo;<u>Borrower</u>&rdquo;,
and collectively, &ldquo;<u>Borrowers</u>&rdquo;), the financial institutions party to the Loan Agreement (as hereinafter defined)
as lenders (collectively, &ldquo;<u>Lenders</u>&rdquo;), <b>BANK OF AMERICA, N.A.</b>, as agent for the Lenders (in such capacity,
&ldquo;<u>Agent</u>&rdquo;), lead arranger and book manager for the Lenders. All capitalized terms used herein but not otherwise
defined shall have the meanings ascribed to them in the Loan Agreement (as hereinafter defined).</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; font-weight: bold; margin: 0pt 0; text-align: center"><u>WITNESSETH</u></p>

<p style="font-size: 10pt; font-weight: bold; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, Parent, Borrowers, Lenders and Agent
have entered into that certain Second Amended and Restated Loan and Security Agreement dated as of December 12, 2016 (as amended,
amended and restated, modified, supplemented or renewed prior to the date hereof, the &ldquo;<u>Loan Agreement</u>&rdquo;);</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, Parent, Borrowers, Lenders and Agent
have agreed to amend the Loan Agreement subject to the terms and conditions stated herein; and</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">NOW, THEREFORE, in consideration of the premises
herein contained and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Lenders,
Agent, Parent and Borrowers hereby agree as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0"><font style="text-transform: uppercase">I.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><u>Amendment to the Loan Agreement</u>.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">A.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font>The following definitions are hereby added to Section 1.1 of the Loan Agreement in alphabetical order as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in"><u>First Amendment</u>: means that
certain Amendment No. 1 To Second Amended and Restated Loan And Security Agreement, dated as of October 25, 2017, among, Borrowers,
Agent and Lenders.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in"><u>First Amendment Effectiveness Date</u>:
October 25, 2017.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">B.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font>The definition of &ldquo;<b>Covenant Trigger Event</b>&rdquo; as set forth in <u>Section 1.1</u> of the Loan Agreement is
hereby amended and restated in its entirety as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in"></p>

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<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in"><u>Covenant Trigger Event</u>: the
occurrence of (a) the sum of (i) the amount under clause (b) of the Colonial Borrowing Base minus the principal balance of all
Colonial Revolver Loans, and (ii) the amount of the ACM-TCM Borrowing Base minus the principal balance of all ACM-TCM Revolver
Loans, is less than 20% of the sum of (y) the amount under clause (b) of the Colonial Borrowing Base, and (z) the amount of the
ACM-TCM Borrowing Base or (b) the sum of the Colonial Availability and ACM-TCM Availability is less than 10% of the aggregate Revolver
Commitments.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">C.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Subsection (ii)(a)</u> of the definition of &ldquo;<b>Permitted Distributions</b>&rdquo; as set forth in <u>Section 1.1</u>
of the Loan Agreement is hereby amended and restated in its entirety as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">(a) (1) immediately before and after
giving effect to such repurchase, the aggregate amount of such repurchases consummated after the First Amendment Effectiveness
Date does not exceed the sum of (x) $50,000,000 (net of proceeds received from exercise of stock options), plus (y) for a period
of 6 months after the First Amendment Effectiveness Date, the amount of such repurchases available to Borrowers under this subclause
(1) immediately prior to giving effect to the First Amendment (net of proceeds received from exercise of stock options),</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">(2) the sum of: (w) the amount under
clause (b) of the Colonial Borrowing Base minus the principal balance of all Colonial Revolver Loans, and (x) the amount of the
ACM-TCM Borrowing Base minus the principal balance of all ACM-TCM Revolver Loans, immediately after giving effect to such repurchase
is equal to or greater than 20% of the sum of (y) the amount under clause (b) of the Colonial Borrowing Base, and (z) the amount
of the ACM-TCM Borrowing Base, immediately after giving effect to such repurchase, and</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">(3) no Default or Event of Default
exists immediately before and after giving effect to any such repurchase, or</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0.5in 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">D.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font>The table set forth in the definition of &ldquo;<b>Applicable Margin</b>&rdquo; as set forth in <u>Section 1.1</u> of the
Loan Agreement is hereby amended and restated in its entirety as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" align="center" style="font-size: 10pt; width: 80%; border-collapse: collapse">
<tr>
    <td style="width: 18%; border: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt"><u>Level</u></td>
    <td style="width: 42%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt"><u>Leverage Ratio</u></td>
    <td style="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt"><u>Base Rate Revolver Loans</u></td>
    <td style="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt"><u>LIBOR Revolver Loans</u></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in">I</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">&lt; 0.75:1.00</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">0%</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt">2.25%</td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in">II</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-decoration: underline; text-align: center; text-indent: 0in"><u>&gt;</u> 0.75:1.00 and &lt; 1.50:1.00</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">0%</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt">2.35%</td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in">III</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-decoration: underline; text-align: center; text-indent: 0in"><u>&gt;</u> 1.50:1.00 and &lt; 1.75:1.00</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">0.25%</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt">2.75%</td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt">IV</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt"><u>&gt;</u> 1.75:1.00</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt">0.50%</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in; font-size: 10pt">3.00%</td></tr>
</table>
<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></p>

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<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">E.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Subsection (c)</u> of <u>Section 2.1.4</u> of the Loan Agreement is hereby amended and restated in its entirety as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 1in">(c) Concurrently with any reduction in
or termination of the Colonial Revolver Commitments, for whatever reason (including an Event of Default), Colonial shall pay to
Agent, for the Pro Rata benefit of Lenders and as liquidated damages for loss of bargain (and not as a penalty), an amount equal
to 0.50% of the Colonial Revolver Commitments being reduced or terminated. No termination charge shall be payable if termination
occurs on the Colonial Revolver Termination Date.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">F.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Subsection (b)</u> of <u>Section 2.2.4</u> of the Loan Agreement is hereby amended and restated in its entirety as follows:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 1in">(b) Concurrently with the termination
of the ACM-TCM Revolver Commitments, for whatever reason (including an Event of Default), ACM and TCM shall pay to Agent, for the
Pro Rata benefit of Lenders and as liquidated damages for loss of bargain (and not as a penalty), an amount equal to 0.50% of the
ACM-TCM Revolver Commitments being terminated. No termination charge shall be payable if termination occurs on the ACM-TCM Revolver
Termination Date.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 0.5in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 0.5in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0"><font style="text-transform: uppercase">II.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><u>Conditions</u>. The effectiveness of this Amendment is subject to the satisfaction of the following conditions
precedent:</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">A.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Amendment</u>. Fully executed copies of this Amendment signed by Parent, Borrowers and Lenders shall have been delivered
to Agent.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">B.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Other Documents</u>. Borrowers shall have executed and delivered to Agent such other documents and instruments as Agent
may reasonably require.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0"><font style="text-transform: uppercase">III.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><u>Miscellaneous</u>.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">A.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Survival of Representations and Warranties</u>. All representations and warranties made in the Loan Agreement or any
other document or documents relating thereto, including, without limitation, any Loan Document furnished in connection with this
Amendment, shall survive the execution and delivery of this Amendment and the other Loan Documents, and no investigation by Agent
or the Lenders shall affect the representations and warranties or the right of Agent or the Lenders to rely thereon.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">B.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Reference to Loan Agreement</u>. The Loan Agreement, each of the Loan Documents, and any and all other agreements, documents
or instruments now or hereafter executed and delivered pursuant to the terms hereof, or pursuant to the terms of the Loan Agreement
as amended hereby, are hereby amended so that any reference therein to the Loan Agreement shall mean a reference to the Loan Agreement
as amended hereby.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">C.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Loan Agreement Remains in Effect</u>. The Loan Agreement and the Loan Documents, as amended hereby, remain in full force
and effect and Parent and each Borrower ratifies and confirms its agreements and covenants contained therein. Parent and each Borrower
hereby confirms that to the best of its knowledge no Event of Default or Default exists.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></p>

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<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">D.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Severability</u>. Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable
shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held
to be invalid or unenforceable.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">E.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Counterparts</u>. This Amendment may be executed in one or more counterparts, each of which when so executed shall be
deemed to be an original, but all of which when taken together shall constitute one and the same instrument.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">F.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>Headings</u>. The headings, captions and arrangements used in this Amendment are for convenience only and shall not affect
the interpretation of this Amendment.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">G.<font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u>NO ORAL AGREEMENTS</u>. THIS AMENDMENT, TOGETHER WITH THE OTHER LOAN DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT
BETWEEN LENDERS, AGENT AND BORROWERS AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN AGENT, LENDERS AND BORROWERS.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></p>

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<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">IN WITNESS WHEREOF, the parties have executed
this Amendment under seal on the date first written above.</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>



<table cellspacing="0" cellpadding="3" style="width: 100%; border-collapse: collapse; font-size: 10pt">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: justify; text-indent: 0in"><b><u>BORROWERS</u></b>:</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><b>COLONIAL AUTO FINANCE, INC</b>.,<br>
an Arkansas corporation</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
    <td style="width: 10%; text-align: justify; text-indent: 0in">By: </td>
    <td style="width: 40%; border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">/s/ Jeffrey A. Williams</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Name: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">Jeffrey A. Williams</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Title: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">Secretary</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: justify; text-indent: 0in">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: justify; text-indent: 0in">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><b>AMERICA&rsquo;S CAR MART, INC</b>.,<br>
an Arkansas corporation</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">By: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">/s/ Jeffrey A. Williams</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Name: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">Jeffrey A. Williams</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Title: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">Vice President &amp; Secretary</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: justify; text-indent: 0in">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: justify; text-indent: 0in">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><b>TEXAS CAR-MART, INC.,</b><br>
a Texas corporation</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">By: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">/s/ Jeffrey A. Williams</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Name: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">Jeffrey A. Williams</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Title: </td>
    <td style="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">Vice President &amp; Secretary</td></tr>
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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps">Signature Page to Amendment
No. 1 to Second Amended and Restated Loan and Security Agreement</font></p>

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<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><b>AMERICA&rsquo;S CAR-MART, INC.</b>,<br>
a Texas corporation</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps">Signature Page to Amendment
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<table cellspacing="0" cellpadding="3" style="width: 100%; border-collapse: collapse; font-size: 10pt">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><br>
<b><u>AGENT AND LENDERS</u></b>:</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
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as Agent and Lender</td></tr>
<tr style="vertical-align: top">
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps">Signature Page to Amendment
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<table cellspacing="0" cellpadding="3" style="width: 100%; border-collapse: collapse; font-size: 10pt">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><b>BOKF, NA D/B/A BANK OF ARKANSAS</b>,<br>
as Lender</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
    <td style="width: 10%; text-align: justify; text-indent: 0in">By:</td>
    <td style="width: 40%; border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in">/s/ Jacob Hudson</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="text-align: justify; text-indent: 0in">Title:</td>
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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps">Signature Page to Amendment
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2" style="text-align: left; text-indent: 0in"><b>FIRST TENNESSEE BANK, NATIONAL ASSOCIATION,</b> <br>
as Lender</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps">Signature Page to Amendment
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    <td>&nbsp;</td>
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as Lender</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
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<tr style="vertical-align: top">
    <td>&nbsp;</td>
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<tr style="vertical-align: top">
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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps">Signature Page to Amendment
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    <td>&nbsp;</td>
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as Lender</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
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<tr style="vertical-align: top">
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<tr style="vertical-align: top">
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