Motor America Sales Form

APPLICATION FOR HYUNDAI MOTOR AMERICA SALES & SERVICE AGREEMENT

Hyundai Motor America
10550 Talbert Ave. P.O. Box 20850
Fountain Valley, California 92728-0850 U.S.A.
Telephone (714) 965-3000

Date

The following information is submitted in support of this application for a Hyundai Dealer Sales & Service Agreement. I understand that your receipt of this submission does not constitute acceptance or approval of the applicant.

NAME IN FULL (First, Middle, Last)

HOME ADDRESS (Street, City, State, Zip Code)

BUSINESS NAME AND ADDRESS (Street, City, State, Zip Code)

CURRENT AND PREVIOUS BUSINESS EXPERIENCE

Do you now own, operate, or have a financial interest in or have you previously owned, operated, or had a financial interest in any automobile dealership

Yes No

If yes, please complete the information requested below on all franchises in which you have any ownership:

Outline in chronological order the positions or businesses in which you have participated (10 years minimum, most recent first).

PERSONAL DATA

CONDITION OF HEALTH

DATE OF LAST MEDICAL EXAM

EDUCATION

Have you ever failed in business or compromised with creditors? Yes No

Have you ever been bonded? Yes No

Has your bond ever been withdrawn or application rejected? Yes No

Have you ever been convicted of a crime? Yes No

Do you have any lawsuits pending against you? Yes No

Are you an endorser of any bills or notes, mortgages, bonds, etc., of others? Yes No

Have you ever applied for a business or occupational license and been refused? Yes No

Have you ever had a business or occupational license revoked, suspended, or subjected to other disciplinary action? Yes No

Have you ever had a civil judgment rendered against you? Yes No

Please explain affirmative answers to the foregoing questions in detail (attach extra page if necessary).

BANK REFERENCES

PERSONAL REFERENCES

(Do not list present or previous employers, employees or relatives.)

CURRENT DEALERSHIP INFORMATION

If you are currently in business as an automobile dealer, please complete this section for each of your dealerships (use additional sheets if necessary) (List sales for each make separately)

PROPOSED DEALERSHIP INFORMATION

Indicate up to three locations of interest for a single line Hyundai dealership.

Briefly describe your automobile experience in management, new and used automobile sales, parts, and service, and why you feel you are qualified to own and/or operate a Hyundai dealership.

Briefly describe your plans for operating the proposed Hyundai dealership.

How much money are you prepared to invest in the proposed dealership $

If your investment requires liquidation of certain assets listed on your attached Personal Financial Statement, which assets would be used, how are they to be liquidated, and when would the proceeds be available?

For the purpose of securing credit and other considerations, the undersigned furnishes the above information and Financial Statements which fully and truly set forth the applicant’s financial condition on the day of , 20.

ACKNOWLEDGMENTS

1. The sending of this application form to applicant or the retention of a completed form by Hyundai does not in any way imply Hyundai’s consent to the transfer to applicant of any interest in any existing Hyundai dealership.
2. This application does not in any way obligate Hyundai to enter into a Dealer Agreement with me/us. This application may be accepted or rejected by Hyundai after review.
3. Any investments of any kind in real estate, leases, or otherwise made by me/us in the expectation of the acceptance of this application are made exclusively on my/our own responsibility and do not obligate Hyundai in any way.
4. No one other than the President or Vice President has the authority to approve the undersigned’s application for a Hyundai Dealer Sales and Service Agreement. Final approval will be upon the written execution of the Dealer Sales and Service Agreement by any one of the above named officers.
5. Any material misrepresentation, whether intentional or unintentional, in the information supplied by the applicant in this form shall be grounds upon which Hyundai may immediately terminate any Dealer Sales and Service Agreement executed by the undersigned and Hyundai.
6. Hyundai is authorized to conduct such investigations as it may consider necessary into my background, including with limitation, dealer management qualifications, credit history, general reputation and character and I agree to indemnify and hold Hyundai and its employees harmless against any and all liability, loss damages, costs or expenses which it or they may hereinafter incur in connection with any claim, action or legal proceeding based in whole or in part of such investigation. I also authorize my former employers and any other persons or organizations to provide any information they have about my background, and I release all concerned from any liability in connection therewith.
7. I admit that no representations or statements have been made to me/us by you or on your behalf which induced me to execute this application, nor have any representations or statements been made to me/us by or on behalf of Hyundai which would in any way indicate the action which you will take on this application.

I certify that the statements contained herein are true. I understand that false or incomplete statements herein or in any resume or material I have supplied are grounds for denial hereof or termination of any Dealer Sales and Service Agreement executed with me/us. I will immediately report to Hyundai any material change in the foregoing information and financial data. If a Dealer Sales and Service Agreement is offered, I understand that I may be required to be physically examined and that execution of such Dealer Sales and Service Agreement by Hyundai may be depended upon by successfully passing that examination.

Additionally, you must provide current and complete Personal And Dealership Financial Statements (include all Department Expenses & Fixed Operation Analysis) in order to be considered.

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