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Summary of the Meeting of the Board of Directors

Wednesday, April 27, 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 Wednesday April 27, 2011, in the Board
Room will disclose information of the kind set forth in Subsection (4) and (9)(B) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

 

Date Posted: Wednesday, April 20, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

APRIL 27, 2011

ITEM NO 1
Country AZERBAIJAN AP085665XX
Request for FINAL COMMITMENT

Applicant BNP-PARIBAS, NEW YORK NY
Borrower AZERCOSMOS OJSCO, BAKU AZERBAIJAN
Guarantor MINST OF FINANCE, BAKU 370661 AZERBAIJAN
Buyer AZERCOSMOS OJSCO, BAKU AZERBAIJAN
End-user AZERCOSMOS OJSCO, BAKU AZERBAIJAN
Exporter ORBITAL SCIENCES CORPORATION, DULLES VA
Supplier HONEYWELL INTERNATIONAL INC, GLENDALE AZ
Supplier MOOG INC, CHATSWORTH CA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender BNP-PARIBAS, NEW YORK NY

Project Name NONE
Project Description AZERSPACE/AFRICASAT-1A SATELLITE
Product Description SATELLITE
Financed Amount $116,615,338
Repayment Term 10 YEARS

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

ITEM NO 2
Request for changes to the Default Policy.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of changes.

ITEM NO 3 Country Review
Request for changes to the Country Limitation Schedule (CLS) to be effective
May 4, 2011.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the changes.

ITEM NO 4 Country Review
Request for a formal administrative hold.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell
all voted in favor of changes.