EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF THE CREDIT COMMITTEE

September 23, 2003

ITEM NO. 1

Country: Benin MTA255380

Request For: Commitment (New)

Policy Type: Single Sale/Single Shipment Comprehensive/MT

Insured: Sovereign Bank, Iselin, NJ 08830-2703

Buyer/Obligor: Saranabu S.A., Cotonou, Benin

Guarantors: Mr. Najem Ramses, Benin

End-User: Same as buyer

Exporters: Leviathan Corp., Brooklyn, NY 11201-8210*

Suppliers: Same as exporter

Broker: Export Risk Management, New York, NY

Product/Use: New and used transport trucks

Credit Committee Decision:

ITEM NO. 2

Country: Philippines MTA256396

Request For: Commitment (New)

Policy Type: Single Sale/Single Shipment Comprehensive/MT

Insured: U.S. Bank N.A., Chicago, IL 60602-3402

Buyer/Obligor: Eastern Entertainment, Inc., Makati City, Philippines

Guarantors: Ms. Marilyn Ong, Philippines

End-User: Same as buyer

Exporters: Dankim Trading Company, Yonkers, NY 10703-3426*

Suppliers: Leader Instruments Corporation, Cypress, CA 90630-5224

Bardwell & McAlister Inc., Sun Valley, CA 91352-4628*

Broker: Meridian Finance Group, Los Angeles, CA

Product/Use: Film production equipment

Credit Committee Decision: