Cooperative Association of Tractor Dealers, Inc.

The Cooperative Association of Tractor Dealers, Inc. (“CATD”) is a management company owned by independent Capterpillar equipment dealers. CATD manages the commercial paper program of DCAT, LLC (“DCAT”) and the operations of CATD Exchange Services, LLC (“CES”). CATD has been in operation since 1981 and is headquarted in Memphis, TN. DCAT makes short-term working capital loans to the members of CATD and other entities who sell (or whose wholly owned subsidiaries sell) equipment supplied by Caterpillar. DCAT issues investment grade commercial paper (“CP”) and uses the proceeds solely to fund its loan program. DCAT operates a “maturity matched” program; all loans have the same maturity dates as the CP issued to fund them. CES provides qualified intermediary (“QI”) services to CATD members and their affiliates to facilitate the like-kind exchanges of commercial assets.