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Summary of the Meeting of the Board of Directors

Thursday, May 6, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Friday, June 11, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

May 6, 2010

ITEM NO 1 Minutes of March 4, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 2 Minutes of March 9, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 3 Minutes of March 23, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 4 Minutes of March 25, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 5 Minutes of April 1, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

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

ITEM NO 7
Country NIGERIA AP084352XX
Request for FINAL COMMITMENT (AMENDMENT)

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

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

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
May 6, 2010

ITEM NO. 8
COUNTRY: PERU POLICY NO: FB-471037
FINANCIAL INSTITUTION BUYER CREDIT (FIBC) COMPREHENSIVE/ST

INSURED: BANCO SANTANDER, S.A. NEW YORK, NY
BUYER/OBLIGOR: CORPORACION ACEROS AREQUIPA, S.A. AREQUIPA, PERU
END USER : CORPORACION ACEROS AREQUIPA, S.A. AREQUIPA, PERU
GUARANTORS: NONE
EXPORTER(S) VARIOUS
SUPPLIER(S) VARIOUS
BROKER: INTERNATIONAL RISK CONSULTANTS, OH
PRODUCTS/USE: SCRAP METAL
EX-IM BANK LIABILITY (MILLIONS): $5 - $20

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

ITEM NO 9
Country UNITED ARAB EMIRATES AP084044XX
Request for FINAL COMMITMENT

Applicant EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Borrower EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Guarantor DUBAI ALUMINUM CO, DUBAI U ARAB EMIRATES
Guarantor MUBADALA DEVELOPMENT COMPANY PJSC, ABU DHABI U ARAB EMIRATES
Buyer EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
End-user EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Exporter GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY
Exporter GENERAL ELECTRIC COMPANY, GREENVILLE SC
Exporter TAYLOR DEJONGH INC, WASHINGTON DC
Supplier GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY
Supplier TAYLOR DEJONGH INC, WASHINGTON DC
Supplier GENERAL ELECTRIC COMPANY, GREENVILLE SC
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name EMIRATES ALUMINIUM PROJECT
Project Description ALUMINUM SMELTER & POWER PLANT
Product Description GAS TURBINES & TECHNICAL SERVICES

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
May 6, 2010

ITEM NO 10A
Country KOREA, SOUTH AP084265XX (Conversion No. 1)
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender CITIBANK, N.A., NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO. LTD., SEOUL 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
Repayment Term 12 YEARS

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

ITEM NO 10B
Country KOREA, SOUTH AP084265XX (Conversion No. 2)
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO. LTD., SEOUL 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
Repayment Term 12 YEARS

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

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
May 6, 2010

ITEM NO 10C
Country KOREA, SOUTH AP084265XX (Conversion No. 3)
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender CITIBANK, N.A., NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF

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.