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Summary of the Meeting of the Board of Directors

Thursday, December 9, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J. Cordone, General Counsel, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 1:00 PM on Thursday, December 9, 2010, in the Board Room will disclose infonnation of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Thursday, December 2, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

DECEMBER 9, 2010

ITEM NO 1 Minutes of November 10, 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 November 18, 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 November 23, 2010, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 4
Country SPAIN AP085503XX
Request for FINAL COMMITMENT

Applicant HISPASAT CANARIAS, S.L.U, MADRID SPAIN
Borrower HISPASAT CANARIAS, S.L.U, MADRID SPAIN
Guarantor HISPASAT, S.A., MADRID SPAIN
Buyer HISPASAT CANARIAS, S.L.U, MADRID SPAIN
End-user HISPASAT CANARIAS, S.L.U, MADRID SPAIN
Exporter SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Supplier SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY

Project Name AMAZONAS-3
Project Description TELECOMMUNICATIONS SATELLITE
Product Description SATELLITE
Financed Amount 228,286,420
Repayment Term 8.6 YEARS

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

ITEM NO 5
Country ANGOLA AP085535XX
Request for FINAL COMMITMENT

Applicant HSBC BANK PLC, LONDON UNITED KINGDOM
Borrower SPV/TAAG - LINHAS AEREAS DE ANGOLA, LUANDA ANGOLA
Guarantor MINISTRY OF FINANCE, LARGO DA MUTAMBA, LUANDA ANGOLA
Buyer SPV/TAAG - LINHAS AEREAS DE ANGOLA, LUANDA ANGOLA
End-user TAAG LINHAS AEREAS DE ANGOLA UEE, LUANDA ANGOLA
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GE ENGINE SERVICES, INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPV/TAAG - LINHAS AEREAS DE ANGOLA, LUANDA ANGOLA
Lessee TAAG LINHAS AEREAS DE ANGOLA UEE, LUANDA ANGOLA

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 5
Country: RUSSIA
Request For: Issuing Bank Credit Limit Policy No.: ELC-121145
Policy Type: Bank Letter of Credit Coverage Type/Term: Comprehensive/ST

Insured: JPMorgan Chase Bank N.A., New York, NY
Buyer/Obligor: OJSC Bank Petrocommerce, Moscow, Russia
End User: Energokaskad, Moscow, Russia
Guarantor: None
Exporter: General Electric Corp., Schenectady, NY
Supplier: General Electric Corp., Schenectady, NY
Broker: Export Insurance Agency, Walpole, MA
Product/Use: Steam Turbine Generators
Ex-Im Bank Liability (Millions): $20+

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