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Summary of the Meeting of the Board of Directors

Thursday, July 14, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, July 14, 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, except Item No. 1, may be closed to the public.

 

Date Posted: Thursday, July 7, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JULY 14, 2011

ITEM NO 1 Resolution presented to Diane G. Farrell, Director, upon her resignation.
Board Decision: ADOPTED. Chairman Hochberg, Vice Chair Felton and
Director Mulvaney all adopted the resolution.

ITEM NO 2 Minutes of June 16, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Farrell and Director Mulvaney all approved the minutes.

ITEM NO 3 Minutes of June 23, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Farrell and Director Mulvaney all approved the minutes.

ITEM NO 4A
Country AUSTRALIA AP085036XX
Request for FINAL COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA
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 CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney all approved the transaction, Director Farrell recused herself.

ITEM NO 4B
Country AUSTRALIA AP086259XX
Request for FINAL COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA
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 ING CAPITAL LLC, NEW YORK NY
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton and
Director Mulvaney all voted in favor of the referral, Director Farrell recused herself.

ITEM NO 5
Country CHINA AP086215XX
Request for FINAL COMMITMENT

Applicant WELLS FARGO BANK, NA, MINNEAPOLIS MN
Borrower THE EXPORT IMPORT BANK OF CHINA, XICHENG DISTRICT, BEIJING 100031 CHINA(MAINLAND)
Guarantor MINISTRY OF FINANCE, CHINA, BEIJING 100820 CHINA(MAINLAND)
Buyer CMC INTERNATIONAL TENDERING CORPORATION, BEIJING 100055 CHINA(MAINLAND)
End-user XINJIANG AGRICULTURE CULTIVATION GROUP, URUMQI, XINJIANG, 830000 CHINA(MAINLAND)
Exporter CNH AMERICA INC., BURR RIDGE IL
Supplier CNH AMERICA IN C., BURR RIDGE IL
Gteed Lender WELLS FARGO BANK, NA, MINNEAPOLIS MN
Cofin ECA ASHR'A ISRAEL EXPORT INSURANCE CORP. LTD., TEL AVIV 61201, ISRAEL

Project Name XINJIANG AGRICULTURAL CULTIVATION GROUP
Project Description COTTON HARVESTING EQUIPMENT UPGRADE
Product Description PHASE 3 OF MULTI-PHASE PROCUREMENT
Total Financed Amount: $11,227,336
Repayment Term: 7 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Farrell and Director Mulvaney all voted in favor of the transaction.