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Summary of the Meeting of the Board of Directors

Wednesday, February 29, 2012
 
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 10:00 AM on Wednesday, February 29, 2012, 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, February 23, 2012


EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
FEBRUARY 29, 2012

ITEM NO 1A
Country MOROCCO AP078791XX
Request for FINAL COMMITMENT Conversion No 9

Applicant ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user ROYAL AIR MAROC, CASABLANCA MOROCCO
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 Lndr SUMITOMO MITSUI BANKING CORP, LONDON, ENGLAND, EC4N 4TA UNITED KINGDOM
Lessor SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee ROYAL AIR MAROC, CASABLANCA MOROCCO

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

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

ITEM NO 1B
Country MOROCCO PC078791XX
Request for Amendment of the Preliminary Commitment

Applicant ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 11/14/12

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

ITEM NO 1C
Country MOROCCO PC083154XX
Request for Amendment of the Preliminary Commitment

Applicant ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 08/14/12

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

ITEM NO 2
Country CANADA AP086305XX
Request for FINAL COMMITMENT

Applicant STARDALE SOLAR LP, LONGUEUILL, QUEBEC J4K 5G4 CANADA
Borrower STARDALE SOLAR LP, LONGUEUILL, QUEBEC J4K 5G4 CANADA
Guarantor NONE
Buyer ENFINITY CANADA EPC LTD, OTTAWA, ONTARIO K1L 8L9 CANADA
End-user STARDALE SOLAR LP, LONGUEUILL, QUEBEC J4K 5G4 CANADA
Exporter SOLARWORLD INDUSTRIES AMERICA INC, HILLSBORO OR
Exporter BLACK & VEATCH INTL CO, KANSAS CITY MO
Exporter ADDITIONAL EXPORTERS
Supplier SOLARWORLD INDUSTRIES AMERICA INC, HILLSBORO OR
Supplier BLACK & VEATCH INTL CO, KANSAS CITY MO
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr BANK OF TOKYO MITSUBISHI UFJ, LTD, NEW YORK NY

Project Name STARDALE SOLAR PROJECT
Project Description 27 MW SOLAR (PV) POWER PLANT
Product Description 33 MW DC/27 MW AC SOLAR PHOTOVOLTAIC (PV)
Financed Amount $ 81,244,437
Repayment Term 18 YEARS

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

ITEM NO 3
Working Capital Guarantee No. AP085546XA
Request for RENEWAL
Applicant CITIBANK, N.A., NEW YORK, NY
Lender CITIBANK, N.A., NEW YORK, NY
Obligor CNH AMERICA, LLC BURR RIDGE, IL
Product Description FARM & CONSTRUCTION EQUIPMENT
Eximbank Liability (Millions): $20+

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