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Summary of the Meeting of the Board of Directors

Wednesday, February 24, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Tuesday, April 13, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

FEBRUARY 24, 2010

ITEM NO 1A
Country TURKEY AP082381XX
Request for FINAL COMMITMENT (Conversion No. 3)

Applicant PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY
Lessor SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 1B
Country TURKEY AP084890XX
Request for FINAL COMMITMENT

Applicant PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY
Lessor SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFERRED TO U.S. CONGRESS. Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 2 WITHDRAWN

ITEM NO 3
Country KOREA, SOUTH AP084958XX
Request for FINAL COMMITMENT

Applicant ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Borrower SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Buyer SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-user ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender TORONTO-DOMINION BANK, THE, MOUNT LAUREL NJ
Lessor SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Lessee ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL 150973 KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFERRED TO U.S. CONGRESS. Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 4
Country SLOVAK REPUBLIC AP084382XX
Request for FINAL COMMITMENT

Applicant GENERAL ELECTRIC CAPITAL CORPORATION, WASHINGTON DC
Borrower TEPLAREN A.S., SLOVAK REPUBLIC, POVAZSKA BYSTRICA SLOVAK REPUBLIC
Guarantor GRAFOBAL GROUP A.S., BRATISLAVA SLOVAK REPUBLIC
Guarantor GRAFOBAL SKALICA, A.S., SKALICA SLOVAK REPUBLIC
Guarantor ADDITIONAL GUARANTORS
Buyer ISTROENERGO GROUP, LEVICE SLOVAK REPUBLIC
End-user TEPLAREN A.S., SLOVAK REPUBLIC, POVAZSKA BYSTRICA SLOVAK REPUBLIC
Exporter GE INTERNATIONAL, INC., WASHINGTON DC
Supplier GE PACKAGED POWER INC, HOUSTON TX
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Cofin ECA MAGYAR EXPORT IMPORT BANK ZTR (HEXIM), BUDAPEST HUNGARY

Project Name TEPLAREN A.S. POVAZSKA BYSTRICA
Project Description COGENERATION POWER PLANT
Product Description GAS TURBINE
Financed Amount $ 19,963,236
Repayment Term 7 YEARS

Board Decision APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of the transaction.

Item No. 5
Country: Mexico Transaction No: FB-462906
Request for a Short Term Special Delegated Authority for Industrializadora Oleofinos, S.A. de C.V.

Board Decision APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of the transaction.

ITEM NO 6
Country PAKISTAN LI084899XX
Request for LETTER OF INTEREST

Applicant GENERAL ELECTRIC COMPANY, WASHINGTON DC
Borrower MINST OF RAILWAYS, ISLAMABAD PAKISTAN
Guarantor MINISTRY OF FINANCE, ISLAMABAD PAKISTAN
Buyer MINST OF RAILWAYS, ISLAMABAD PAKISTAN
End-user MINST OF RAILWAYS, ISLAMABAD PAKISTAN
Exporter GENERAL ELECTRIC COMPANY, WASHINGTON DC
Supplier GENERAL ELECTRIC COMPANY, WASHINGTON DC
Gteed Lender NONE

Project Name Locomotives
Project Description Locomotives
Product Description Locomotives

Ex-Im Bank Liability (Millions) $20+
LI Expiry Date 09/14/10

Board Decision APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the Letter of Interest.

ITEM NO 7
Country NIGERIA AP084352XX
Request for FINAL COMMITMENT

Applicant HSBC BANK PLC, LONDON UNITED KINGDOM
Borrower FIRST BANK OF NIGERIA PLC, LAGOS NIGERIA
Buyer ARIK AIR LIMITED, IKEJA, LAGOS NIGERIA
End-user ARIK AIR LIMITED, IKEJA, LAGOS NIGERIA
Exporter GE COMMERCIAL AVIATION SERVICES LLC, STAMFORD CT
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender HSBC BANK PLC, LONDON UNITED KINGDOM

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 6.75 YEARS

Board Decision APPROVED. Chairman Hochberg and Director Kian both voted in favor
of the transaction, Director Farrell recused herself.

ITEM NO 8
Country SAUDI ARABIA AP084500XX
Request for FINAL COMMITMENT

Applicant MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
Borrower MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
Guarantor MAHMOOD SAEED GLASS INDUSTRIES CO. LTD, JEDDAH 21484 SAUDI ARABIA
Guarantor MAHMOOD SAEED FURNITURE COMPANY LIMITED, JEDDAH 21484 SAUDI ARABIA
Guarantor ADDITIONAL GUARANTORS
Buyer MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
End-user MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
Exporter STOLLE MACHINERY COMPANY, LLC, CANTON OH
Exporter STOLLE MACHINERY, LLC, SIDNEY OH
Exporter ADDITIONAL EXPORTERS
Supplier STOLLE MACHINERY, LLC, SIDNEY OH
Supplier BUSSE/SJI CORPORATION, RANDOLPH WI
Supplier ADDITIONAL SUPPLIERS
Gteed Lender NONE

Project Name MAHMOOD SAEED BEVERAGE CANS & ENDS IND.
Project Description ALUMINIUM CAN MANUFACTURING PROJECT
Product Description CAN MANUFACTURING EQUIPMENT
Financed Amount $ 59,807,161
Repayment Term 10 YEARS

Board Decision APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of the transaction.