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Summary of the Meeting of the Board of Directors

Wednesday, May 18, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Faisal Siddiqui, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 2:00 PM on Wednesday,
May 18, 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 18, 2011

ITEM NO 1 Minutes of April 27, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 2
Country COLOMBIA AP083939XX
Request for FINAL COMMITMENT

Applicant BNP-PARIBAS, NEW YORK NY
Borrower REFINERIA DE CARTAGENA S.A., BOGOTA, CUNDINAMARCA COLOMBIA
Guarantor NONE
Buyer REFINERIA DE CARTAGENA S.A., BOGOTA, CUNDINAMARCA COLOMBIA
End-user REFINERIA DE CARTAGENA S.A., BOGOTA, CUNDINAMARCA COLOMBIA
Exporter BNP-PARIBAS, NEW YORK NY
Exporter CBI AMERICAS LTD, HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier BNP-PARIBAS, NEW YORK NY
Supplier CBI AMERICAS LTD. HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender BNP-PARIBAS, NEW YORK NY

Project Name REFINERIA DE CARTAGENA S.A
Project Description REFICAR PETROLEUM REFINERY UPGRADE
Product Description ENGINEERING SERVICES, PROCESS MODULES
Financed Amount $ 2,843,601,811
Repayment Term 14 YEARS

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

ITEM NO 3
Country MEXICO AP085900XX
Request for FINAL COMMITMENT

Applicant PERFORADORA CENTRAL S.A. DE C.V., CIUDAD DE MEXICO, D.F. 11000 MEXICO
Borrower CENTRAL PANUCO S.A DE C.V., CUIDAD DE MEXICO, D.F. 11000 MEXICO
Guarantor PERFORADORA CENTRAL S.A. DE C.V., CIUDAD DE MEXICO, D.F. MEXICO
Guarantor MANTENIMIENTO PERFORADORA CD. DEL CARMEN, CIUDAD DE MEXICO, DISTR MEXICO
Guarantor EXPLORACIONES Y PERFORADORA CENTRAL SA, CIUDAD DE MEXICO, DISTR MEXICO
Buyer CENTRAL PANUCO S.A DE C.V., CUIDAD DE MEXICO, D.F. 11000 MEXICO
End-user CENTRAL PANUCO S.A DE C.V., CUIDAD DE MEXICO, D.F. 11000 MEXICO
Exporter KEPPEL AMFELS, INC., BROWNSVILLE TX
Exporter NATIONAL OILWELL VARCO INC, HOUSTON TX
Supplier NATIONAL OILWELL VARCO INC, HOUSTON TX
Supplier LE TOURNEAU TECHNOLOGIES INC, HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender GOVCO, NEW YORK NY

Project Name PAPALOAPAN RIG
Project Description OIL WELL DRILLING SERVICES
Product Description MOBIL OFFSHORE DRILLING RIG

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

ITEM NO 4A
Country MEXICO AP085969XX
Request for FINAL COMMITMENT

Applicant UPS CAPITAL BUSINESS CREDIT, WINDSOR CT
Borrower AEROLINEAS EJECUTIVAS, S.A. DE C.V.,TOLUCA DE LERDO,ESTADO DE MEXICO 50130 MEXICO
Buyer AEROLINEAS EJECUTIVAS, S.A. DE C.V.,TOLUCA DE LERDO,ESTADO DE MEXICO 50130 MEXICO
End-user AEROLINEAS EJECUTIVAS, S.A. DE C.V.,TOLUCA DE LERDO,ESTADO DE MEXICO 50130 MEXICO
Exporter HAWKER BEECHCRAFT CORPORATION, WICHITA KS
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier HAWKER BEECHCRAFT CORPORATION, WICHITA KS
Gteed Lender UPS CAPITAL BUSINESS CREDIT, WINDSOR CT

Project Name NONE
Project Description AIR TRANSPORTATION - EXECUTIVE
Product Description AIRCRAFT
Repayment Term 9.5 YEARS

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

ITEM NO 4B
Country MEXICO AP085969XA
Request for FINAL COMMITMENT

Applicant UPS CAPITAL BUSINESS CREDIT, WINDSOR CT
Borrower AEROLINEAS EJECUTIVAS, S.A. DE C.V.,TOLUCA DE LERDO,ESTADO DE MEXICO 50130 MEXICO
Buyer AEROLINEAS EJECUTIVAS, S.A. DE C.V.,TOLUCA DE LERDO,ESTADO DE MEXICO 50130 MEXICO
End-user AEROLINEAS EJECUTIVAS, S.A. DE C.V.,TOLUCA DE LERDO,ESTADO DE MEXICO 50130 MEXICO
Exporter HAWKER BEECHCRAFT CORPORATION, WICHITA KS
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier HAWKER BEECHCRAFT CORPORATION, WICHITA KS
Gteed Lender UPS CAPITAL BUSINESS CREDIT, WINDSOR CT

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

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

ITEM NO 5
Country SINGAPORE AP086064XX
Request for FINAL COMMITMENT

Applicant JPMORGAN CHASE BANK, NEW YORK NY
Borrower SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Buyer SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
End User VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
End User CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
End-user ADDITIONAL END-USERS
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 JPMORGAN CHASE BANK, NEW YORK NY
Lessor SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Lessee BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE

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 6
Country PAKISTAN LI084899XX
Request for AMENDMENT OF LETTER OF INTEREST

Applicant GENERAL ELECTRIC COMPANY, WASHINGTON DC
Borrower MINST OF RAILWAYS, ISLAMABAD PAKISTAN
Guarantor MINISTRY OF FINANCE, ISLAMABAD PAKISTAN
Buyer MINST OF RAILWAYS, ISLAMABAD PAKISTAN
End-user MINST OF RAILWAYS, ISLAMABAD PAKISTAN
Exporter GENERAL ELECTRIC COMPANY, WASHINGTON DC
Supplier GENERAL ELECTRIC COMPANY, WASHINGTON DC
Gteed Lender NONE
Ex-Im Bank Liability (Millions) $20+
LI Expiry Date 09/14/11

Project Name GE Locomotives
Project Description GE locomotives
Product Description GE Locomotives

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

ITEM NO 7
Country PAKISTAN LI085288AX
Request for LETTER OF INTEREST

Applicant ELECTRO-MOTIVE DIESEL INC, LA GRANGE IL
Borrower MINISTRY OF RAILWAYS, ISLAMABAD PAKISTAN
Guarantor MINST OF FINANCE OF PAKISTAN, ISLAMABAD PAKISTAN
Buyer MINISTRY OF RAILWAYS, ISLAMABAD PAKISTAN
End-user MINISTRY OF RAILWAYS, ISLAMABAD PAKISTAN
Exporter ELECTRO-MOTIVE DIESEL INC, LA GRANGE IL
Supplier ELECTRO-MOTIVE DIESEL INC, LA GRANGE IL
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name LOCOMOTIVES
Project Description RAILROAD TRANSPORTATION
Product Description LOCOMOTIVES
Ex-Im Bank Liability (Millions) $20+
LI Expiry Date 10/05/11

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

ITEM NO 8
Policy No.: FB-501502
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Short-Term Single-Buyer Insurance
Policy Type: Financial Institution Buyer Credit

Insured: Interfinanciera, S.A. de C.V., SOFOM, E.N.R.
Buyer: Industrializadora de Mantecas,S.A.de C.V., Guadalajara,Jalisco, Mexico
Guarantor/PSOR: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Jalisco, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Jalisco, Mexico
Exporters: Archer Daniels Midland Co.;
BJB, LLC;
Gavilon, LLC and
Pasternak, Baum & Co, Inc.
Product/Use: Tallow and Soybeans in bulk
EX-IM Bank Liability (Millions): $5 - $20

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