EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

JANUARY 16, 2004

ITEM NO 1

Country COSTA RICA AP080172XX

Request for FINAL COMMITMENT (NEW)

Applicant MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Borrower CONSTRUCTORA MECO, S.A., SAN JOSE, PALACIO COSTA RICA

Guarantor CERDAS ARAYA, CARLOS ENRIQUE, SANTA ANA, SAN JOSE COSTA RICA

Buyer CONSTRUCTORA MECO, S.A., SAN JOSE, PALACIO COSTA RICA

End-user CONSTRUCTORA MECO, S.A., SAN JOSE, PALACIO COSTA RICA

Exporter CEDARAPIDS, CEDAR RAPIDS IA

Supplier CEDARAPIDS, CEDAR RAPIDS IA

Gteed Lender MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Project Name

Project Description ROAD CONSTRUCTION EQUIPMENT

Product Description ROAD CONSTRUCTION EQUIPMENT

Financed Amount $ 1,028,901

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 2

Country MEXICO - POLICY NO. MSM-261545

Request for: POLICY (NEW)

Policy Type: SINGLE SALE/MULTIPLE SHIPMENTS

Coverage Type/Term: COMPREHENSIVE/MT

Insured MANUFACTURERS & TRADERS TRUST (M&T BANK), BALTIMORE, MD

Buyer/Obligor JOSE GERALDO BADILLO LIMON, CD. OBREGON, SONORA, MEXICO

End-user SAME

Guarantor SAME

Exporter ORGIL INTERNATIONAL GREENHOUSES CORP., SAN DIEGO, CA 92154-6243

BrokerINTERNATIONAL RISK CONSULTANTS, INC

Products/UseHECTARES OF GREENHOUSES TO PRODUCE VEGETABLES

EX-IM BANK LIABILITY (MILLIONS): $1 - $5

Credit Committee Decision APPROVED

ITEM NO 3

Country MEXICO- POLICY NO. MTA-260349

Request for: COMMITMENT(NEW)

Policy Type: SINGLE SALE/SINGLE SHIPMENT

Coverage Type/Term: COMPREHENSIVE/MT

Insured TORONTO-DOMINION BANK, HOUSTON, TX

Buyer/Obligor CONSTRUVIPO SA DE CV, MEXICO, D.F., MEXICO

End-user SAME

Guarantor ERIK CARLOS NINO DE RIVERA TARACENA, MEXICO, D.F., MEXICO

Guarantor LUIS PONCE VALENCIA, MEXICO, D.F., MEXICO

Exporter SAN ANTONIO TRADE GROUP, SAN ANTONIO, TX 78212-3421

SupplierNUECES FARM CENTER INC., CORPUS CHRISTI, TX 78409-2806

SupplierHOLT COMPANIES, INC., SAN ANTONIO, TX 78220-7916

Broker PENN INTERNATIONAL INSURANCE, SAN ANTONIO, TX

Products/Use CONSTRUCTION EQUIPMENT FOR DOMESTIC PROJECTS

EX-IM BANK LIABILITY (MILLIONS): $1 - $5

Credit Committee Decision APPROVED

ITEM NO 4

Country NIGERIA - POLICY NO. MTA-259259

Request for: COMMITMENT(NEW)

Policy Type: SINGLE SALE/SINGLE SHIPMENT

Coverage Type/Term: COMPREHENSIVE/MT

Insured HSBC EQUATOR BANK PLC, GLASTONBURY, CT 06033-4411

Buyer/Obligor DAS AIR LTD., WEST SUSSEX, UNITED KINGDOM

End-user ALLIED AIR LTD., LAGOS, NIGERIA

Guarantor ACCESS BANK PLC, LAGOS, NIGERIA

Exporter JLT WP AIRCRAFT COMPANY LLC, ST PAUL, MN 55107-1221

Exporter AERONAUTICAL ENGINEERS INC., MIAMI, FL 33166-4105

Supplier JLT WP AIRCRAFT COMPANY LLC, ST PAUL, MN 55107-1221

Supplier AERONAUTICAL ENGINEERS INC., MIAMI, FL 33166-4105

Broker EXPORT INSURANCE AGENCY, WALPOLE, MA

Products/Use USED AIRCRAFT

Credit Committee Decision APPROVED

ITEM NO 5

Country THE GAMBIA- POLICY NO. MTA-260232

Credit Committee Decision: HELD