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Summary of the Meeting of the Board of Directors

Thursday, May 5, 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, May 5, 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, May 5, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS

MAY 5, 2011

ITEM NO 1 Minutes of April 14, 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 April 21, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 3
Country HONG KONG AP085765XX
Request for FINAL COMMITMENT

Applicant CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Borrower SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Buyer SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
End-user CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
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 CITIBANK N.A., CENTRAL DISTRICT, HONG HONG KONG
Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Lessor SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Lessee CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Cofin ECA NIPPON EXPORT & INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065 JAPAN

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 4A
Country UNITED ARAB EMIRATES AP084365XX
Request for FINAL COMMITMENT

Applicant ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
Borrower SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
Buyer SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
End-user ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
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 TD BANK, N.A., MOUNT LAUREL NJ
Lessor SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
Lessee ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
Cofin ECA NIPPON EXPORT & INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065 JAPAN

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 4B
Country UNITED ARAB EMIRATES AP085962XX
Request for FINAL COMMITMENT

Applicant ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
Borrower SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
Buyer SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
End-user ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
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/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
Lessee ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
Cofin ECA NIPPON EXPORT & INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065 JAPAN

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 4C
Country UNITED ARAB EMIRATES PC085961XX
Request for PRELIMINARY COMMITMENT

Applicant ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
Borrower SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
Buyer SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
End-user ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
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 FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/ETIHAD AIRWAYS, DHABI U ARAB EMIRATES
Lessee ETIHAD AIRWAYS, ABU DHABI U ARAB EMIRATES
Cofin ECA NIPPON EXPORT & INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065JAPAN

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 5
Working Capital Guarantee No. AP085305XX

Request for AMENDMENT

Applicant BURDALE CAPITAL FINANCE, STAMFORD CT
Gteed Lender BURDALE CAPITAL FINANCE, STAMFORD CT
Obligors JOINTLY & SEVERALLY:
MAG IAS, LLC, STERLING HEIGHTS MI
GIDDINGS & LEWIS MACHINE TOOLS, LLC, FOND DU LAC WI
EX-CELLO-MACHINE TOOLS, INC, STERLING HEIGHTS MI
Guarantors JOINTLY & SEVERALLY:
MAG IAS, LLC, STERLING HEIGHTS MI
FADAL MACHINING CENTERS, LLC, STERLING HEIGHTS MI
G&L USA LLC, FOND DU LAC WI
ADDITIONAL GUARANTORS
Products MACHINE TOOLS AND SYSTEMS
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
Policy No.: FB-495116
Country: TURKEY Coverage Type/Term: Comprehensive/ST
Request For: 12-Month Policy
Policy Type: Financial Institution Buyer Credit

Insured: Wells Fargo Bank, N.A., Dallas, TX 75202-2741
Buyer/Obligor: Menderes Tekstil Sanayi ve Ticaret A.S. Izmir, Turkey
End User: Menderes Tekstil Sanayi ve Ticaret A.S. Izmir, Turkey
Guarantor: Ekspo Faktoring A.S. Istanbul, Turkey
Exporters: Cargill Cotton, Cordova, TN
Carolinas Cotton Growers, Garner, NC
Suppliers: Cargill Cotton, Cordova, TN
Carolinas Cotton Growers, Garner, NC
Broker: Export Insurance Agency, Walpole, MA
Product/Use: Cotton
EX-IM Bank Liability (Millions): $5 - $20

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