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Summary of the Meeting of the Board of Directors

Monday, July 26, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Wednesday, September 1, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JULY 26, 2010

ITEM NO 1 Minutes of July 8, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all approved the minutes.

ITEM NO 2
Country KOREA, SOUTH AP084239XX
Request for FINAL COMMITMENT

Applicant NATL AGRICULTURAL COOPERATIVE FEDERATION, SEOUL 100707 KOREA, REP OF
Borrower NATL AGRICULTURAL COOPERATIVE FEDERATION, SEOUL 100707 KOREA, REP OF
Guarantor NONE
Buyer POSCO ENGINEERING & CONSTRUCTION CO. LTD,KANGNAM-GU, SEOUL,135777 KOREA, REP OF
End-user POSCO POWER CORP, SEOUL, 135-080 KOREA, REP OF
Exporter SIEMENS ENERGY, INC., ORLANDO FL
Supplier SIEMENS ENERGY, INC., ORLANDO FL
Supplier DOME CHARTERING & TRADING CORP, ANNAPOLIS MD
Supplier GULF LOGISTICS & PROJECTS CO INC, HOUSTON TX
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Project Name POSCO POWER INCHEON PLANT
Project Description (2) COMBINED CYCLE POWER PLANTS
Product Description GAS TURBINES & GENERATORS
Financed Amount $ 134,213,390
Repayment Term 12 YEARS

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

ITEM NO 3
Country SINGAPORE AP084906XX
Request for FINAL COMMITMENT

Applicant CITIBANK, N.A., SINGAPORE 039190 SINGAPORE
Borrower SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Buyer SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
End User CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
End User HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
End User JET AIRWAYS (INDIA) PVT. LTD., MUMBAI - 400021 INDIA
Exporter BOEING COMPANY, THE, RENTON WA
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender CITIBANK, N.A., SINGAPORE 039190 SINGAPORE
Lessor SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Lessee BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
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 both voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 4A
Country NETHERLANDS AP084636XX
Request for FINAL COMMITMENT

Applicant AERCAP GROUP SERVICES, SCHIPHOL APT. AMSTERDAM NETHERLANDS
Borrower SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Buyer SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
End-user VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
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 CREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Lessee AERCAP IRELAND LIMITED, COUNTY CLARE IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 4B
Country NETHERLANDS PC085061XX
Request for PRELIMINARY COMMITMENT

Applicant AERCAP GROUP SERVICES, SCHIPHOL APT. AMSTERDAM NETHERLANDS
Borrower SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Buyer SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
End-user VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
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 FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Lessee AERCAP IRELAND LIMITED, COUNTY CLARE IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 5A
Country UNITED STATES AP084214XX
Request for FINAL COMMITMENT

Applicant AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Borrower SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Buyer SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
End-user VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
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 CREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Lessee AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA

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

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

ITEM NO 5B
Country UNITED STATES AP084214XA
Request for FINAL COMMITMENT

Applicant AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Borrower SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Buyer SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
End-user VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
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 CREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Lessee AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA

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

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

ITEM NO 5C
Country UNITED STATES PC085190XX
Request for PRELIMINARY COMMITMENT

Applicant AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Borrower SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Buyer SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
End-user SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
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 FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Lessee AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 02/14/11
Repayment Term 12 YEARS

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

ITEM NO 6
Country AUSTRALIA AP084902XX
Request for FINAL COMMITMENT

Applicant EXPORT FINANCE AND INSURANCE CORP, SYDNEY AUSTRALIA
Borrower AUSTRALIA & NEW ZEALAND BANKING GROUP LD, MELBOURNE, VI 3000 AUSTRALIA
Guarantor LEIGHTON HOLDINGS LIMITED, ST LEONARDS, NEW SOUTH WALES AUSTRALIA
Buyer PT AUSTINDO NUSANTARA JAYA FINANCE, SUDIRMAN KAV 76-78, JAKARTA 12910 AUSTRALIA
End-user PT THEISS CONTRACTORS INDONESIA, JAKARTA 12560 AUSTRALIA
Exporter CATERPILLAR INC., PEORIA IL
Supplier CATERPILLAR INC., PEORIA IL
Gteed Lender EXPORT FINANCE AND INSURANCE CORP, SYDNEY AUSTRALIA

Project Name NONE
Project Description COAL MINING PROJECT
Product Description MINING SERVICES EQUIPMENT - TRUCKS,
Financed Amount $ 14,998,939
Repayment Term 4.5 YEARS

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

ITEM NO 7. Short Term Delegated Authority Reinsurance Program
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of the program.

ITEM NO 8. Resolution Regarding Individual Delegated Authority (IDA)
Board Decision: ADOPTED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of the resolution.