EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

APRIL 24, 2003

ITEM NO 1

Country ROMANIA AP079329XX

Request for FINAL COMMITMENT

Applicant SOCIETE GENERALE, NEW YORK NY

Borrower SOCIETATEA NATIONALA DE RADIOCOMUNICATII, BUCHAREST 70060 ROMANIA

Guarantor MINST OF FINANCE, SECTOR 1, BUCHAREST ROMANIA

Buyer SOCIETATEA NATIONALA DE RADIOCOMUNICATII, BUCHAREST 70060 ROMANIA

End-user SOCIETATEA NATIONALA DE RADIOCOMUNICATII, BUCHAREST 70060 ROMANIA

Exporter SOCIETE GENERALE, NEW YORK NY

Exporter GLOBECOMM SYSTEMS, INC., HAUPPAUGE NY

Supplier SOCIETE GENERALE, NEW YORK NY

Supplier GLOBECOMM SYSTEMS, INC., HAUPPAUGE NY

Supplier ADDITIONAL SUPPLIERS

Gteed Lender SOCIETE GENERALE, NEW YORK NY

Project Name CHEIA

Project Description CHEIA EARTH STATION UPGRADES

Product Description SYSTEM INTEGRATION

Financed Amount USD 14,590,743

Repayment Term 10 YEARS

Board Decision APPROVED