Wholesale Financing Options for a Competitive Advantage

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1 Wholesale Financing Options for a Competitive Advantage

2 With a wholesale financing program through Doosan Global Finance, Doosan dealers automatically get a competitive advantage by having more equipment on hand for faster delivery and rental to their customers. With multiple options to choose from, Doosan and Doosan Global Finance have teamed up to provide you with the floor plan solutions you need to help move more equipment faster through your sales and rental channels. Now you can use your additional flooring to: Match cash flow to sales Sell more units while reducing Day Sales Outstanding (DSO) Two options to choose from: Option 1: Standard or Interest-Free Floor Plan Option 2: Standard Rental Fleet Financing Choose the option that most closely meets your needs and watch your revenues grow! Expand your equipment offering Expand customer servicing capability Doosan Global Finance

3 Option 1: 90-Day Interest-Free Flooring Doosan Global Finance may pay interest for units financed while floored at dealership. Interest-Free Plan #1: 90-Day All units ordered for stock or inventory WHOLESALE RENTAL FLEET Standard Fixed Rate Short-Term Rental Long-Term Rental FLOORING Interest-Free Floor Plan (to qualified dealers) 90-Day Plan Conditional Sale Lease Dealer Benefits Doosan Global Finance pays Doosan net price at beginning of flooring period. Doosan pays interest up to a maximum of 90 days while equipment remains in floor plan or until unit is sold. Terms and Conditions At end of dealer interest-free period, dealer may continue flooring unit. Dealer pays interest-only payments. Dealer Curtailments: 10 percent of the original floor plan price invoice amount due at the 6th and 9th month from invoice date, payable to Doosan Global Finance. Retail sales may be financed using Conditional Sale or Equipment Lease programs. Demonstrations are limited to a maximum of 100 hours total. Equipment with demonstration hours exceeding 100 hours must be paid in full or converted to rental fleet program. (Doosan Global Finance to perform periodic dealer audits.) Equipment must be paid off by the last day of the 12th month or converted to rental fleet, or financed on retail plans. Wholesale Financing

4 Option 2: Standard Rental Fleet Financing Finance dealer short-term rental or long-term rental WHOLESALE RENTAL FLEET Standard Fixed Rate Short-Term Rental Long-Term Rental FLOORING Interest-Free Floor Plan (to qualified dealers) 90-Day Plan Conditional Sale Equipment Lease Dealer Benefits Rental inventory affordability is increased Equipment balance not due until sale conversion Additional sales options are provided Fixed rate offers easier budgeting Maximum term up to 60 months Terms and Conditions Maximum term up to 60 months. Payments in arrears. Equipment rented to end-users for terms equal to or greater than 12 months (long-term) must have the rental agreement and UCC filing assigned to Doosan Global Finance. Full payment of the remaining unpaid balance is due immediately when the equipment is sold. Subject to available credit lines. Rates subject to review and adjustment. Retail sales may be financed using Conditional Sale or Equipment Lease programs. Balloon payments are allowed up to pre-approved limits. Special approvals required if dealer wants a higher balloon payment. Doosan Global Finance

5 Wholesale Product Overview The following wholesale product overview illustrates the individual flooring and rental fleet financing options available to Doosan dealers through Doosan Global Finance and their corresponding equipment sales paths. WHOLESALE RENTAL FLEET Standard Fixed Rate Floor Plan Conditional Sale Used Equipment Equipment Lease Wholesale Ordering and Funding Process The flow chart below provides you with an understanding of the wholesale financing process by outlining each transaction/funding step along the way and its interaction with each adjoining step. The process takes you from placement of the product order by the dealer to final funding by Doosan Global Finance. Dealer orders forklift identifying floor plan option Doosan sends dealer acknowledgement Doosan sends Doosan Global Finance copy of acknowledgement Doosan ships forklift to dealer, with copy of invoice to Doosan Global Finance Doosan Global Finance reviews acknowledgement, approves credit to Doosan and dealer Doosan Global Finance funds Doosan and notifies dealer the forklift is on floor plan Wholesale Financing

6 Establish a line of credit today! To establish a line of credit to meet your wholesale financing needs simply complete the Dealer Credit Application printed on the opposite page. Fax your completed application to Doosan Global Finance

7 CREDIT APPLICATION FAX: DISTRIBUTOR INFORMATION Distributor Name Representative Location City State Zip Code Phone Number Applicant Company Name TYPE OF BUSINESS Proprietorship Partnership Corporation Other: Applicant Company Address Tax Identification # APPLICANT INFORMATION City State Zip State of Incorporation Primary Contact Name Phone Number Date Incorporated Nature of Business Years in Business Number of Employees Principal Social Security Number Home Address Date of Birth Bank Reference Account Officer Checking Acct. No. Other Acct. No. (Type) BANK AND CREDIT INFORMATION Address City State Zip Code Phone Number Bank Reference Account Officer Checking Acct. No. Other Acct. No. (Type) Address City State Zip Code Phone Number Secured Credit Reference Contact Person Phone Number Secured Credit Reference Contact Person Phone Number Secured Credit Reference Contact Person Phone Number Equipment Description SALE PRICE Serial Number ATTACHMENTS Attachment(s) Description NET TRADE-IN TRANSACTION INFORMATION Trade-in(s) Description LOAN Transaction Type (X) LOAN / INSTALLMENT (N / U) NEW / USED EQUIPMENT LOAN Payment Plan $ Monthly Payment % Rate Other (skips, etc.) PLEASE ATTACH COPY OF QUOTE IF AVAILABLE LEASE Transaction Type IF Stated Purchase Option please provide (FMV / Stated Option) Lease (N / U) NEW / USED EQUIPMENT $ or % for purchase option LEASE Payment Plan $ Monthly Payment % Rate Other (skips, etc.) PLEASE ATTACH COPY OF QUOTE IF AVAILABLE Insurance Company Agent DOWN PAYMENT TAXES FEES, ETC. TOTAL AMOUNT TO FINANCE Address City State Zip Code Phone Number You, the Applicant (which term includes the business entity as well as the undersigned individual(s)), certify to us that Applicant is applying for credit for business reasons, and not for personal, family or household purposes. Doosan Global Finance and/or its assigns ( Lessor ), or its designees, is authorized to obtain information from others concerning Applicant's credit and trade standing and other relevant information impacting this Application and provide to others information about its transaction and experiences with Applicant. Lessor may obtain credit reports, including consumer credit reports, in connection with the Application and, at Applicant's request, will tell Applicant whether a credit report was obtained and, if so, the name and address of the reporting agency which provided it. Provided credit is granted, Lessor may, without further notice to Applicant, use or request subsequent credit bureau reports (1) to update Lessor s information, (2) in connection with a renewal or extension, and/or (3) in connection with Applicant s request for additional services. Applicant agrees that Lessor may get or share credit information with its agents, assignees, and its designees, regarding the Applicant, Guarantor(s) or Applicant s owners in considering the Applicant's Application. Except as otherwise prohibited by law, Applicant agrees and consents that Lessor may share with affiliates and others all information about Applicant that Lessor has or may obtain for, among other things, the purpose of evaluating credit applications or offering Applicant products or services that Lessor believes may be of interest to Applicant. Applicant represents that it has reviewed this document and the information herein is true, correct and complete. THE APPLICANT HAS A RIGHT TO A STATEMENT OF THE SPECIFIC REASONS IF AN ADVERSE ACTION HAS BEEN TAKEN. TO REQUEST THIS INFORMATION, CONTACT LESSOR S ECOA COMPLIANCE DEPARTMENT WITHIN SIXTY (60) DAYS OF RECEIPT OF AN ADVERSE ACTION NOTIFICATION. THE DEPARTMENT CAN BE REACHED BY WRITING TO 1111 OLD EAGLE SCHOOL ROAD, WAYNE, PA WHEN CONTACTING THE DEPARTMENT, PLEASE BE SURE TO REFERENCE THE APPLICATION NUMBER ON THE NOTIFICATION LETTER. LESSOR WILL PROVIDE APPLICANT WITH A STATEMENT OF THE SPECIFIC REASONS FOR THE ADVERSE ACTION WITHIN THIRTY (30) DAYS AFTER LESSOR HAS RECEIVED APPLICANT S REQUEST. NOTICE: THE FEDERAL EQUAL CREDIT OPPORTUNITY ACT PROHIBITS LESSORS FROM DISCRIMINATING AGAINST CREDIT APPLICANTS ON THE BASIS OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, SEX, MARITAL STATUS, AGE (PROVIDED THE APPLI- CANT HAS THE CAPACITY TO ENTER INTO A BINDING CONTRACT); BECAUSE ALL OR PART OF THE APPLICANT S INCOME DERIVES FROM ANY PUBLIC ASSISTANCE PROGRAM; OR BECAUSE THE APPLICANT HAS IN GOOD FAITH EXERCISED ANY RIGHT UNDER THE CONSUMER CREDIT PROTECTION ACT. THE FEDERAL AGENCY THAT ADMINISTERS COMPLIANCE WITH THIS LAW CONCERNING LESSOR IS THE FEDERAL TRADE COMMISSION, EQUAL CREDIT OPPORTUNITY, WASHINGTON, D.C APPLICANT HEREBY AUTHORIZES LESSOR OR ANY CREDIT BUREAU OR OTHER INVESTIGATIVE AGENCY EMPLOYED BY LESSOR TO INVESTIGATE THE REFERENCES HEREIN LISTED OR STATEMENTS OR OTHER DATA OBTAINED FROM APPLICANT OR FROM ANY OTHER PERSON PERTAINING TO APPLICANT S CREDIT AND FINANCIAL RESPONSIBILITY. X TITLE DATE (SIGNATURE OF APPLICANT S REPRESENTATIVE) X (SIGNATURE OF PRINCIPAL) DATE 2007 All Rights Reserved. Printed in the U.S.A. 07DSMHC065 11/07 07DSMHC065

8 For additional information or questions regarding the Wholesale Financing program or financing in general from Doosan Global Finance call Call us today to ask us about: Retail Loans Fair Market Value Leases Fixed Price Purchase Option Leases $1 Option Leases Rental Fleet Financing Wholesale Financing Asset Based Lending We also provide services in these industries to accommodate all your capital needs: Forklifts Trucks & Trailers Office Equipment Information Technology Telecommunication Doosan Global Finance 1111 Old Eagle School Road Wayne, PA T F All Rights Reserved. Printed in the U.S.A. 07DSMHC016 11/07