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Summary of the Meeting of the Board of Directors

Tuesday, March 9, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Thursday, May 6, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

MARCH 9, 2010

ITEM NO 1. Revision of Eximbank's Environmental Procedures and Guidelines consistent with the Banks Carbon Policy.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the revision.

ITEM NO 2. Expanding Eligibility Provisions for Small Business.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the request.

ITEM NO 3. Minutes of December 18, 2009, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 4. Minutes of December 22, 2009, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 5. Minutes of December 30, 2009, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 6. Minutes of January 7, 2010, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 7. Minutes of January 15, 2010, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 8. Minutes of January 28, 2010, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 9. WITHDRAWN

ITEM 10.
Country: NIGERIA
Request For: Issuing Bank Credit Limit Policy No.: ELC-121988 / IBCL-460525
Policy Type: Bank Letter of Credit Coverage Type/Term: Comprehensive/ST

Insured: Citibank, N.A., New York, NY
Issuing Bank: Access Bank Plc., Lagos, Nigeria
End User: Shanshek Nigeria Ltd., Enugu, Nigeria
Guarantor: None
Exporter: Palmer-Tech Services, Inc., Chicago, IL
Supplier: Various
Broker: Willis
Product/Use: Aluminum Can Manufacturing Equipment
Ex-Im Bank Liability (Millions): $20+

Board Decision: APPROVED Request to approve Renewal of the Nigerian Bank Facility. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

ITEM 11.
Country: MEXICO Policy No.: FB-468293
Request For: 12-Month Policy Coverage Type/Term: Comprehensive/ST
Policy Type: Financial Institution Buyer Credit

Insured: Espirito Santo Bank, Miami, FL
Buyer/Obligor: Molinera de Mexico, S.A. de C.V., San Pedro Garcia, Mexico
End User: Molinera de Mexico, S.A. de C.V., San Pedro Garcia, Mexico
Guarantor: Gruma S.A.B. de C.V., San Pedro Garza Garcia, Mexico
Exporter(s): Cargill Inc., Wayzata, MN
The Scoular Co., Omaha, NE
Lansing Trade Group, Overland Park, KS
Supplier(s): Cargill Inc., Wayzata, MN
The Scoular Co., Omaha, NE
Lansing Trade Group, Overland Park, KS
Broker: Johnstone Downey Klein, Inc., D/B/A Intl Risk Consultants, Columbus, OH
Product/Use: Wheat / Inventory
Ex-Im Bank Liability (Millions): $20+

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

ITEM NO 12A
Country AUSTRALIA AP083927XX
Request for FINAL COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
End-user VIRGIN BLUE INTERNATIONAL AIRLINES, BOWEN HILLS, QUEENSLAND AUSTRALIA
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Lessee VIRGIN BLUE INTERNATIONAL AIRLINES, BOWEN HILLS, QUEENSLAND AUSTRALIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

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 12B
Country AUSTRALIA AP085035XX
Request for FINAL COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 12C
Country AUSTRALIA PC085036XX
Request for PRELIMINARY COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 13A
Country INDONESIA AP083158XX
Request for FINAL COMMITMENT Conversion No. 1

Applicant LION MENTARI, PT, JAKARTA 10130 INDONESIA
Borrower SPV/PT LION MENTARI, JAKARTA INDONESIA
Buyer SPV/PT LION MENTARI, JAKARTA INDONESIA
End-user LION MENTARI, PT, JAKARTA 10130 INDONESIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Lessor SPV/PT LION MENTARI, JAKARTA INDONESIA
Lessee LION MENTARI, PT, JAKARTA 10130 INDONESIA

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 13B
Country INDONESIA AP083158XX
Request for FINAL COMMITMENT Conversion No. 2

Applicant LION MENTARI, PT, JAKARTA 10130 INDONESIA
Borrower SPV/PT LION MENTARI, JAKARTA INDONESIA
Buyer SPV/PT LION MENTARI, JAKARTA INDONESIA
End-user LION MENTARI, PT, JAKARTA 10130 INDONESIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender TORONTO-DOMINION BANK, THE, TORONTO, ONTARIO M5K 1A2 CANADA
Lessor SPV/PT LION MENTARI, JAKARTA INDONESIA
Lessee LION MENTARI, PT, JAKARTA 10130 INDONESIA

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.