News | Board Minutes | 2003

              EXPORT-IMPORT BANK OF THE UNITED STATES

          SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                        JUNE 13, 2003

ITEM NO 1

Country MEXICO                                 AP079628XX

Request for FINAL COMMITMENT

Applicant      HEMISPHERE NATIONAL BANK, THE, MIAMI FL

Borrower       AGRICOLA PARAISA S.P.R. DE R.L., ANGOSTURA, SINALOA 81600 MEXICO

Guarantor      GERARDO RIOS, PORFIRIO, GUAMUCHIL, SINALOA 8141 MEXICO

Guarantor      GERARDO ZANUDO, JOSE PORFIRIO, C.P. 80300 CULIACAN, SI MEXICO

Guarantor      ADDITIONAL GUARANTORS

Buyer          AGRICOLA PARAISA S.P.R. DE R.L., ANGOSTURA, SINALOA 81600 MEXICO

End-user       AGRICOLA PARAISA S.P.R. DE R.L., ANGOSTURA, SINALOA 81600 MEXICO

Exporter       ORGIL INTERNATIONAL GREENHOUSE CORP., SAN DIEGO CA

Exporter       MEGA PARTS DISTRIBUTORS INC., LAKESIDE CA

Supplier       ORGIL INTERNATIONAL GREENHOUSE CORP., SAN DIEGO CA

Supplier       MEGA PARTS DISTRIBUTORS INC., LAKESIDE CA

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   HEMISPHERE NATIONAL BANK, THE, MIAMI FL

Project Description AGRICULTURAL PRODUCTION

Product Description FARM MACHINERY & EQUIPMENT

Financed Amount $    1,875,719

Repayment Term  5 YEARS

Credit Committee Decision APPROVED