EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

DECEMBER 16, 2003

ITEM NO 1

Country PHILIPPINES AP080131XX

Request for FINAL COMMITMENT

Applicant TORONTO-DOMINION BANK, HOUSTON TX

Borrower PANAY OIL MANUFACTURING CORP., PASIG CITY, METRO
MANILA PHILIPPINES

Guarantor CHAN, CRISPIN AMIGO & ROSITA LEE, KALIBO, AKLAN
PROVINCE 5600 PHILIPPINES

Buyer PANAY OIL MANUFACTURING CORP., PASIG CITY, METRO
MANILA PHILIPPINES

End-user PANAY OIL MANUFACTURING CORP., PASIG CITY, METRO
MANILA PHILIPPINES

Exporter PBJ VENTURE INTERNATIONAL CORPORATION, SAN MATEO CA

Supplier WAUKESHA CHERRY-BURELL, DELAVAN WI

Supplier ANDERSON INTERNATIONAL CORP, CLEVELAND OH

Gteed Lender TORONTO-DOMINION BANK, HOUSTON TX

Project Description VARIOUS OIL EXTRACTION EQUIPMENT

Product Description VARIOUS OIL EXTRACTION EQUIPMENT

Financed Amount $ 2,573,033

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 2

Country CHILE AP080094XX

Request for FINAL COMMITMENT

Applicant BANCO SANTANDER CENTRAL HISPANO, NEW YORK NY

Borrower LABORATORIO SANDERSON, S.A., SANTIAGO, SAN JOAQUIN CHILE

Guarantor NONE

Buyer LABORATORIO SANDERSON, S.A., SANTIAGO, SAN JOAQUIN CHILE

End-user LABORATORIO SANDERSON, S.A., SANTIAGO, SAN JOAQUIN CHILE

Exporter WEILER ENGINEERING INC., ELGIN IL

Supplier WEILER ENGINEERING INC., ELGIN IL

Gteed Lender BANCO SANTANDER CENTRAL HISPANO, NEW YORK NY

Project Name NONE

Project Description NONE

Product Description PACKAGING MACHINERY MANUFACTURING

Financed Amount $ 6,888,346

Repayment Term 7 YEARS

Credit Committee Decision APPROVED

Item No. 3

Country: Mexico Policy No.: MTR-259622

Request For: Policy (New)

Policy Type: Repetitive Sales

Coverage Type/Term: Comprehensive/MT

Insured: First National Bank of San Diego, San Diego, CA 92186

Buyer: TV Azteca, S.A. de C.V., Mexico, D.F., Mexico

Guarantor: None

End-User: Buyer/Obligor

Exporters/

Suppliers: Harris Corporation, Melbourne, FL 32901-1822

Tektronix, Inc., Beaverton, OR 97077-1522

and additional exporters/suppliers

Broker: CFS International, Irvine, CA

Product/Use: TV audio, video and signaling equipment

Ex-Im Bank Liability (Millions): $5 - $20

Credit Committee Decision: APPROVED