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Summary of the Meeting of the Board of Directors

Wednesday, September 29, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J. Cordone,   hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Wednesday, September 29, 2010 in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c),Title 5 of the United States Code.

Accordingly, such meeting, except Item No.1, may be closed to the public.

Date Posted: Wednesday, September 22, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

Summary Of Minutes Of Meeting Of Board Of Directors

SEPTEMBER 29, 2010

ITEM NO 1 PEFCO Secured Notes Resolution for FY 2011.
Board Decision: ADOPTED. Chairman Hochberg, Director Kian
and Director Farrell all voted in favor of the Resolution.

ITEM NO 2 Minutes of September 8, 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 September 15, 2010, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 4A
Country BRAZIL AP083332XX
Request for FINAL COMMITMENT Conversion No 3

Applicant VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Borrower SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
Buyer SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
End-user VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
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 PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
Lessee VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL

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 4B
Country BRAZIL PC083332XX
Request for AMENDMENT OF PRELIMINARY COMMITMENT

Applicant VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Borrower SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
Buyer SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
End-user VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
Lessee VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 03/14/11
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 5
Country PANAMA AP084297XX
Request for FINAL COMMITMENT Conversion No 1

Applicant CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Borrower SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Buyer SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
End-user CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
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 CITIBANK N.A., NEW YORK NY
Lessor SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Lessee CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA

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 6A
Country KUWAIT AP085301XX
Request for FINAL COMMITMENT

Applicant ALAFCO AVIATION LEASE & FINANCE COMPANY, SAFAT KUWAIT
Borrower SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
Buyer SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
End User ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
End User OKAY AIRWAYS COMPANY LIMITED, BEIJING CHINA(MAINLAND)
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 TORONTO DOMINION BANK
Lessor SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
Lessee ALAFCO AVIATION LEASE & FINANCE COMPANY, SAFAT KUWAIT

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 6B
Country KUWAIT AP085301XA
Request for FINAL COMMITMENT

Applicant ALAFCO AVIATION LEASE & FINANCE COMPANY, SAFAT KUWAIT
Borrower SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
Buyer SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
End-user OKAY AIRWAYS COMPANY LIMITED, BEIJING CHINA(MAINLAND)
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 TORONTO DOMINION BANK
Lessor SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
Lessee ALAFCO AVIATION LEASE & FINANCE COMPANY, SAFAT KUWAIT

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 7A
Country MEXICO AP085219XX
Request for FINAL COMMITMENT

Applicant BANCO SANTANDER CENTRAL HISPANO, S.A., NEW YORK NY
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX PETROQUIMICA, CIUDAD DE MEXICO, DF MEXICO
Guarantor ADDITIONAL GUARANTORS
Buyer PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD DE MEXICO, DF 11311 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD DE MEXICO, DF 11311 MEXICO
Exporter VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender BANCO SANTANDER CENTRAL HISPANO, S.A., NEW YORK NY

Project Name PEMEX SMALL BUSINESS FACILITY
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description PETROLEUM RELATED MACHINERY & EQUIPMENT
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 7B
Country MEXICO AP085220XX
Request for FINAL COMMITMENT

Applicant BNP-PARIBAS, NEW YORK NY
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter 3M COMPANY, SAINT PAUL MN
Exporter ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Exporter ADDITIONAL EXPORTERS
Supplier 3M COMPANY, SAINT PAUL MN
Supplier ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender BNP-PARIBAS, NEW YORK NY

Project Name PEMEX NPP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description UPSTREAM PROJECTS OF PEP
Financed Amount $ 400,000,000
Repayment Term 10 YEARS

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

ITEM NO 7C
Country MEXICO AP085221XX
Request for FINAL COMMITMENT

Applicant SOCIETE GENERALE, NEW YORK NY
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD D MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Guarantor ADDITIONAL GUARANTORS
Buyer PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD DE MEXICO, DF 11311 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD DE MEXICO, DF 11311 MEXICO Exporter 3M COMPANY, SAINT PAUL MN
Exporter ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Exporter ADDITIONAL EXPORTERS
Supplier 3M COMPANY, SAINT PAUL MN
Supplier ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender SOCIETE GENERALE, NEW YORK NY

Project Name PEMEX PEG
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description GOODS AND SERVICES FOR UP-STREAM PROJECT
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 7D
Country MEXICO AP085222XX
Request for FINAL COMMITMENT

Applicant JPMORGAN CHASE BANK, NEW YORK NY
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Guarantor ADDITIONAL GUARANTORS
Buyer PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD DE MEXICO, DF 11311 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, MIGUEL HIDALGO CIUDAD DE MEXICO, DF 11311 MEXICO
Exporter 3M COMPANY, SAINT PAUL MN
Exporter ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Exporter ADDITIONAL EXPORTERS
Supplier 3M COMPANY, SAINT PAUL MN
Supplier ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY

Project Name CANTARELL
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description GOODS & SVCS OF OFFSHORE OIL PRODUCTION
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 8
Working Capital Guarantee No. AP085171XX
Request for AMENDMENT

Applicant EAST WEST BANK, SAN FRANCISCO, CA
Gteed Lender EAST WEST BANK, SAN FRANCISCO, CA
Obligor RETECH SYSTEMS LLC, UKIAH CA
Guarantor(s) JOINTLY AND SEVERALLY
GOLTZ, JAMES A, UKIAH CA
Seco/Warwick Corporation, Meadville, PA

Product Description VACUUM FURNACES
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 Resolution presented to Barbara O'Boyle, Vice president, Structured Finance Division upon her retirement.
Board Decision: ADOPTED. Chairman Hochberg, Director Kian
and Director Farrell all voted in favor of the Resolution.