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Summary of the Meeting of the Board of Directors

Thursday, March 17, 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 9:30 AM on Thursday, March 17, 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: Friday, March 11, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS

MARCH 17, 2011

ITEM NO 1
Working Capital Guarantee No. AP085839XX
Request for FINAL COMMITMENT

Applicant JPMORGAN CHASE BANK, NEW YORK, NY
Gteed Lender JPMORGAN CHASE BANK, NEW YORK, NY
Obligor CATERPILLAR, PEORIA, IL

Product Description: CONSTRUCTION MACHINERY
Ex-Im Bank Liability (Millions) $20+

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

ITEM NO 2
Country KOREA, SOUTH AP085789XX
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT-IMPORT BANK OF KOREA, SEOUL 150973 KOREA, REP OF

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ITEM NO 3 WITHDRAWN

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

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 CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender JP MORGAN CHASE BANK, 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 voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 5A
Country INDONESIA AP083158XX
Request for FINAL COMMITMENT Conversion No. 3

Applicant LION MENTARI, PT, JAKARTA 10130 INDONESIA
Borrower SPV/PT LION MENTARI, JAKARTA INDONESIA
Buyer SPV/PT LION MENTARI, JAKARTA INDONESIA
End-user LION MENTARI, PT, JAKARTA 10130 INDONESIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender TORONTO-DOMINION BANK, THE, TORONTO, ONTARIO M5K 1A2 CANADA
Lessor SPV/PT LION MENTARI, JAKARTA INDONESIA
Lessee LION MENTARI, PT, JAKARTA 10130 INDONESIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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

ITEM NO 5B
Country INDONESIA AP083158XA
Request for FINAL COMMITMENT

Applicant PT LION MENTARI (LION AIR), JALAN GAJAH MADA NO. 7, JAKARTA 01030 INDONESIA
Borrower SPV/PT LION MENTARI, JAKARTA INDONESIA
Buyer SPV/PT LION MENTARI, JAKARTA INDONESIA
End-user PT LION MENTARI (LION AIR), JALAN GAJAH MADA NO. 7, JAKARTA 01030 INDONESIA
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 BNP PARIBAS, PARIS 75009 FRANCE
Lessor SPV/PT LION MENTARI, JAKARTA INDONESIA
Lessee PT LION MENTARI (LION AIR), JALAN GAJAH MADA NO. 7, JAKARTA 01030 INDONESIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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

ITEM NO 5C
Country INDONESIA AP083158XB
Request for FINAL COMMITMENT

Applicant LION MENTARI, PT, JAKARTA 10130 INDONESIA
Borrower SPV/PT LION MENTARI, JAKARTA INDONESIA
Buyer SPV/PT LION MENTARI, JAKARTA INDONESIA
End-user LION MENTARI, PT, JAKARTA 10130 INDONESIA
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 TORONTO-DOMINION BANK, THE, TORONTO, ONTARIO M5K 1A2 CANADA
Lessor SPV/PT LION MENTARI, JAKARTA INDONESIA
Lessee LION MENTARI, PT, JAKARTA 10130 INDONESIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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

ITEM NO 5D
Country INDONESIA PC085680XX
Request for PRELIMINARY COMMITMENT

Applicant LION MENTARI, PT, JAKARTA 10130 INDONESIA
Borrower SPV/PT LION MENTARI, JAKARTA INDONESIA
Buyer SPV/PT LION MENTARI, JAKARTA INDONESIA
End-user LION MENTARI, PT, JAKARTA 10130 INDONESIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/PT LION MENTARI, JAKARTA INDONESIA
Lessee LION MENTARI, PT, JAKARTA 10130 INDONESIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 09/14/11

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