EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

DECEMBER 19, 2003

ITEM NO 1

Country RUSSIA AP080218XX

Request for FINAL COMMITMENT

Applicant WORLDBUSINESS CAPITAL, INC., HARTFORD CT

Borrower LLC PROMSVIAZLEASING, MOSCOW B-49, 119991 RUSSIA

Guarantor PROMSVIAZBANK, MOSCOW, 109052 RUSSIA

Buyer LLC PROMSVIAZLEASING, MOSCOW B-49, 119991 RUSSIA

End-user AGROTON-S, STRAVROPOL, 355003 RUSSIA

Exporter CHEMOTON USA, LLC, LEWES DE

Supplier CASE CORPORATION, RACINE WI

Gteed Lender WORLDBUSINESS CAPITAL, INC., HARTFORD CT

Project Description CORN, WHEAT AND OTHER CROP FARMING

Product Description FARM MACHINERY AND EQUIPMENT MANUFACTURING

Financed Amount $ 10,211,196

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 2

Country MEXICO AP079769XX

Request for FINAL COMMITMENT

Applicant MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Borrower PAVIMENTOS DE LA LAGUNA S.A. DE C.V., CHIHUAHUA MEXICO

Guarantor LEAL MARTINEZ, RICARDO, CHIHUAHUA MEXICO

Buyer PAVIMENTOS DE LA LAGUNA S.A. DE C.V., CHIHUAHUA MEXICO

End-user PAVIMENTOS DE LA LAGUNA S.A. DE C.V., CHIHUAHUA MEXICO

Exporter TELSMITH INC., MEQUON WI

Exporter CANICA, DURAND MI

Exporter ADDITIONAL EXPORTERS

Supplier TELSMITH INC., MEQUON WI

Supplier CANICA, DURAND MI

Supplier ADDITIONAL SUPPLIERS

Gteed Lender MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Project Name

Project Description CREDIT GUARANTEE FACILITY

Product Description CONSTRUCTION AND MINING (EXCEPT OIL WEL

Financed Amount $ 2,790,301

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

Item No. 3

Country: Mexico - Policy No.: MTA-259135

Request For: Commitment (New)

Policy Type: Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured: The Toronto-Dominion Bank, N.A., Houston, TX 77010

Buyer/Obligor: Ripper Construcciones, S.A. de C.V., Ciudad Victoria, Tamaulipas,

Mexico

Guarantors: Jose Felipe Nunez Tamez and Joel Ovidio Illoldi Garcia Cerda

End-User: Buyer/Obligor

Exporter: San Antonio Trade Group, Inc., San Antonio, TX 78212-3421

Suppliers:Case Construction Equipment, Inc., Racine, WI 53404-3343
Ingersoll-Rand Co., Inc., Woodcliff Lake
and additional suppliers
Broker:Penn International, San Antonio, TX
Product/Use: New and used construction equipment for highway construction and

maintenance

Ex-Im Bank Liability (Millions): $1 - $5

Credit Committee Decision: APPROVED