SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
NOVEMBER 22, 2002

Item No. 3
Country: Philippines Policy No. MTR-244921
Request for: Policy (New)
Policy Type: Repetitive Sales
Coverage Type/Term: Comprehensive/MT
Insured: East West Bank, San Marino, CA 91108-2358
Buyer/Obligor: GMA Network Inc., Quezon City, Philippines
Guarantor: None
End-User: GMA Network Inc., Quezon City, Philippines
Exporter(s)/
Supplier(s): Avid Technology, Inc., Tewksbury, MA 01876-1282
OFC USA Inc., Walnut, CA 91789-3047
Broker: Global Frontier Insurance Brokerage, Fullerton, CA 92831
Product: Digital network and engineering services
Ex-Im Bank Liability (Millions): USD5 - USD20
Credit Committee Decision: APPROVED

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MEETING OF CREDIT COMMITTEE