EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

JULY 15, 2003

ITEM NO 1 - WITHDRAWN

ITEM NO 2

Country MEXICO AP079583XX

Request for FINAL COMMITMENT

Applicant COMPASS BANK, PHOENIX AZ

Borrower MELONES INTERNACIONAL S.A. DE C.V., CULIACAN, SINALOA 80155 MEXICO

Guarantor CANELOS RODRIGUEZ, ALEJANDRO, CULIACAN MEXICO

Buyer MELONES INTERNACIONAL S.A. DE C.V., CULIACAN, SINALOA 80155 MEXICO

End-user MELONES INTERNACIONAL S.A. DE C.V., CULIACAN, SINALOA 80155 MEXICO

Exporter LARSON IRRIGATION INC., SAN DIEGO CA

Exporter STUPPY GREENHOUSES MANUFACTURING, INC., KANSAS CITY MO

Supplier LARSON IRRIGATION INC., SAN DIEGO CA

Supplier STUPPY GREENHOUSES MANUFACTURING, INC., KANSAS CITY MO

Gteed Lender COMPASS BANK, HOUSTON TX

Project Name

Project Description GREENHOUSES FOR PRODUCE CROPS

Product Description GREENHOUSES & TECHNICAL SERVICES

Financed Amount $ 1,848,649

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 3

Country GHANA - Policy No. MTA-250894

Request for: Insurance Commitment

Policy Type: Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured: PNC BANK, N.A., PITTSBURGH, PA 15222-0569

Buyer: OVERSEAS KNITWEAR FABRICS LIMITED, ACCRA, GHANA

Guarantor: ITIDAL CREYMAN, ACCRA, GHANA

End-User: OVERSEAS KNITWEAR FABRICS LIMITED, ACCRA, GHANA

Exporter: SOUTHERN TEXTILE EXCHANGE LLC, CHARLOTTE, NC 28226-7005

Supplier: C & C BOILER SALES AND SERVICES INC., CHARLOTTE, NC 28269-4495

Broker: EXPORT INSURANCE AGENCY, WALPOLE, MA

Products: USED BOILER

Credit Committee Decision: DENIED