EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

May 20, 2010

ITEM NO 1 COUNTRY: Indonesia - AP067169XX, AP069195XX, AP070292XX,
AP069077XX, AP071268XX, AP070788XX, AP069469XX, AP070294XX, AP069899XX and AP071220XX (Settlement)
BORROWER: Asia Pulp & Paper and Companies
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the requests.

ITEM NO 2
Country GHANA AP083236XX
Request for FINAL COMMITMENT

Applicant MINISTRY OF FINANCE & ECONOMIC PLANNING, ACCRA GHANA
Borrower MINISTRY OF FINANCE & ECONOMIC PLANNING, ACCRA GHANA
Guarantor NONE
Buyer MINST OF INTERIOR, ACCRA, GT. ACCRA GHANA
End-user GHANA NATIONAL FIRE SERVICE, ACCRA GHANA
Exporter PROJECT DEVELOPMENT INTERNATIONAL, INC., DUNEDIN FL
Supplier JERR-DAN CORPORATION, GREENCASTLE PA
Supplier IOWA MOLD TOOLING CO INC, GARNER IA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender SOCIETE GENERALE, NEW YORK NY

Project Name NONE
Project Description FIRE PROTECTION
Product Description FIRE FIGHTING VEHICLES
Financed Amount $ 41,867,394
Repayment Term 8 YEARS

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