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Summary of the Meeting of the Board of Directors

Friday, March 11, 2011
 
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 2:00 pm on Friday, March 11, 2011, 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 may be closed to the public.

Date Posted: Thursday, March 3, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
MARCH 11, 2011

ITEM NO 1 Minutes of February 10, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 2 Minutes of February 17, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 3A
Country IRELAND AP085696XX
Request for FINAL COMMITMENT

Applicant AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
Borrower SPC/AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
Buyer SPC/AWAS AVIATION TRADING LIMITED, DUBLIN 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 PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPC/AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
Lessee AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 3B
Country IRELAND AP085960XX
Request for FINAL COMMITMENT

Applicant AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
Borrower SPC/AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
Buyer SPC/AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
End-user GARUDA INDONESIA, P.T., JAKARTA PUSAT, JKT INDONESIA
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 & INVESTMENT, PARIS LA DEFENSE FRANCE
Lessor SPC/AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND
Lessee AWAS AVIATION TRADING LIMITED, DUBLIN IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 4
Country NORWAY AP084212XX
Request for FINAL COMMITMENT

Applicant NORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
Borrower SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
Buyer SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
End-user NORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
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 PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
Lessee NORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY

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 5
Country: MEXICO Policy No. MT-492048
Request for: Commitment (New)
Policy Type: Single Buyer/Single Shipment Coverage Type/Term: Comprehensive/MT

Insured: D.F. DEUTSCHE FORFAIT
Buyer: ZAPATA INTERNACIONAL, S.A. DE C.V., REYNOSA, MEXICO
Borrower ZAPATA INTERNACIONAL, S.A. DE C.V., REYNOSA, MEXICO
End User: ZAPATA INTERNACIONAL, S.A. DE C.V., REYNOSA, MEXICO
PSOR: ZAPATA INTERNACIONAL, S.A. DE C.V., REYNOSA, MEXICO
Guarantor: LILIA GUADALUPE ZAMUDIO MUNOZ
Exporter INTEGRATED DRILLING EQUIPMENT COMPANY
Supplier INTEGRATED DRILLING EQUIPMENT COMPANY
Insurance Broker: WILLIS-FINEX FINANCIAL SOLUTIONS, NEW YORK, NY
Products: 1500 HP VERTICAL DRILLING RIG
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 6
Country BRAZIL PC085987XX
Request for PRELIMINARY COMMITMENT

Applicant STATE OF RIO DE JANEIRO, LARANJEIRAS, RIO DE JANEIRO 22231-901 BRAZIL
Borrower STATE OF RIO DE JANEIRO, LARANJEIRAS, RIO DE JANEIRO 22231-901 BRAZIL
Guarantor MINISTRY OF FINANCE OF BRAZIL, 70048-900 - BRASILIA DF BRAZIL
Buyer STATE OF RIO DE JANEIRO, LARANJEIRAS, RIO DE JANEIRO 22231-901 BRAZIL
End-user STATE OF RIO DE JANEIRO, LARANJEIRAS, RIO DE JANEIRO 22231-901 BRAZIL
Exporter VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name NONE
Project Description NONE
Product Description VARIOUS GOODS AND SERVICES
Ex-Im Bank Liability (Millions) $20+
PC Expiry Date 03/14/13

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

ITEM NO 7
Country SAUDI ARABIA PC085932XB
Request for PRELIMINARY COMMITMENT

Applicant UIDC-SBG-TNB QURAYYAH IPP 1 PROJECT CO, JEDDAH SAUDI ARABIA
Borrower UIDC-SBG-TNB QURAYYAH IPP 1 PROJECT CO, JEDDAH SAUDI ARABIA
Guarantor NONE
Buyer UIDC-SBG-TNB QURAYYAH IPP 1 PROJECT CO, JEDDAH SAUDI ARABIA
End-user UIDC-SBG-TNB QURAYYAH IPP 1 PROJECT CO, JEDDAH SAUDI ARABIA
Exporter GENERAL ELECTRIC CAPITAL CORPORATION, WASHINGTON DC
Supplier GENERAL ELECTRIC CAPITAL CORPORATION, WASHINGTON DC
Gteed Lender NONE

Project Name QURAYYAH IPP-1
Project Description 2100MW COMBINED CYCLE POWER PLANT
Product Description GAS TURBINES, STEAM TURBINES
Ex-Im Bank Liability (Millions) $20+
PC Expiry Date 09/10/11

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

ITEM NO 8
Country SAUDI ARABIA PC085932XC
Request for PRELIMINARY COMMITMENT

Applicant SUEZ TRACTABEL, DUBAI BRANCH, DUBAI U ARAB EMIRATES
Borrower SPECIAL PURPOSE ENTITY, N/K SAUDI ARABIA
Guarantor NONE
Buyer SPECIAL PURPOSE ENTITY, N/K SAUDI ARABIA
End-user SPECIAL PURPOSE ENTITY, N/K SAUDI ARABIA
Exporter GENERAL ELECTRIC COMPANY, WASHINGTON DC
Supplier GENERAL ELECTRIC COMPANY, WASHINGTON DC
Gteed Lender NONE

Project Name QURAYYAH INDEPENDENT POWER PROJECT
Project Description 2100MW GAS FIRED CCGT POWER PLANT
Product Description GAS TURBINES
Ex-Im Bank Liability (Millions) $20+
PC Expiry Date 09/10/11

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