EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

AUGUST 22, 2003

ITEM NO 1

Country GHANA AP079759XX

Request for FINAL COMMITMENT

Applicant UNITED BANK FOR AFRICA LTD, NEW YORK NY

Borrower AKYEM BUILDERS SUPPLIERS LTD., ACCRA GHANA

Guarantor SETH YEBOAH, ACCRA GHANA

Guarantor KWAME DARKO, ACCRA GHANA

Buyer AKYEM BUILDERS SUPPLIERS LTD., ACCRA GHANA

End-user AKYEM BUILDERS SUPPLIERS LTD., ACCRA GHANA

Exporter UNITED BANK FOR AFRICA LTD, NEW YORK NY

Exporter NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Exporter TRADE SOURCE INTERNATIONAL, PASADENA CA

Supplier UNITED BANK FOR AFRICA LTD, NEW YORK NY

Supplier NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Supplier TRADE SOURCE INTERNATIONAL, PASADENA CA

Gteed Lender UNITED BANK FOR AFRICA LTD, NEW YORK NY

Project Description BUILDING CONTRACTORS

Product Description USED CONSTRUCTION EQUIPMENT

Financed Amount $ 1,641,479

Repayment Term 2.2 YEARS

Credit Committee Decision APPROVED

ITEM NO 2

Country GHANA AP079708XX

Request for FINAL COMMITMENT

Applicant UNITED BANK FOR AFRICA LTD, NEW YORK NY

Borrower MAXMINA CONSTRUCTION LTD., ACCRA GHANA

Guarantor MAXWELL APPIAH NTOW, ACCRA GHANA

Buyer MAXMINA CONSTRUCTION LTD., ACCRA GHANA

End-user MAXMINA CONSTRUCTION LTD., ACCRA GHANA

Exporter UNITED BANK FOR AFRICA LTD, NEW YORK NY

Exporter NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Exporter TRADE SOURCE INTERNATIONAL, PASADENA CA

Supplier UNITED BANK FOR AFRICA LTD, NEW YORK NY

Supplier NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Supplier TRADE SOURCE INTERNATIONAL, PASADENA CA

Gteed Lender UNITED BANK FOR AFRICA LTD, NEW YORK NY

Project Description CONSTRUCTION

Product Description USED CONSTRUCTION EQUIPMENT

Financed Amount $ 1,674,085

Repayment Term 2.2 YEARS

Credit Committee Decision APPROVED

ITEM NO 3

Country PHILIPPINES AP079789XX

Request for FINAL COMMITMENT

Applicant TORONTO-DOMINION BANK, HOUSTON TX

Borrower SEMICONDUCTOR & ELEC MATERIALS & EQUIP, MUNTINLUPA CITY PHILIPPINES

Guarantor INTL SEMICONDUCTOR TECHNOLOGY, INC., ALABANG, MUNTINLUPA CITY
PHILIPPINES

Guarantor PHILIPPINE SEMICONDUCTOR TRADING, INC, ALABANG, MUNTINLUPA CITY
PHILIPPINES

Buyer SEMICONDUCTOR & ELEC MATERIALS & EQUIP, MUNTINLUPA CITY PHILIPPINES

End-user SEMICONDUCTOR & ELEC MATERIALS & EQUIP, MUNTINLUPA CITY PHILIPPINES

Exporter PAE ENVIRONMENTAL CO., REDONDO BEACH CA

Supplier THERMAL EQUIPMENT CORPORATION, TORRANCE CA

Gteed Lender TORONTO-DOMINION BANK, HOUSTON TX

Project Description WASTE MANAGEMENT FACILITY

Product Description WASTE MANAGEMENT/DISPOSAL EQUIPMENT

Financed Amount $ 1,370,295

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 4

Country: UNITED ARAB EMIRATES Policy No. MTA-250522

Request for: Insurance Commitment

Policy Type: Single Sale, Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured:SouthWest Bank of Texas, Houston, TX 77027-7001

Buyer: Superior Oilfield Services LLC, Abu Dhabi, United Arab Emirates

Guarantor:Superior Oilfield Services LTD, Abu Dhabi, United Arab Emirates

Yousuf Al Nowais, Kama Safa, and Elyas Selhoum

End-User:Superior Oilfield Services LLC, Abu Dhabi, United Arab Emirates

Exporter:Hydraulic Power Technologies Texas, Inc., Buda, TX 78610-9711

Supplier:Hydraulic Power Technologies Texas, Inc., Buda, TX 78610-9711

Broker:Structured Trade Services, LLC, Houston, TX

Product/Use: Trailer mounted twin cement pumping unit

Ex-Im Bank Liablity (Millions): $0 - $1

Credit Committee Decision APPROVED