Summary of the Meeting of the Board of Directors

July 26, 2012 December 31, 1969

Completed

Agenda
I. NON-CLASSIFIED ITEMS:


OPEN:NONE


CLOSED:

1. Minutes of June 28, 2012 Board Meeting to be approved

2. Minutes of July 12, 2012 Board Meeting to be approved


TRANSPORTATION DIVISION

Pending Congressional Review - Expiry Date: 07-25-12


3. COUNTRY: IRELAND - AP087239XX

FOREIGN BUYER:SPV/Ryanair Ltd.


END USER:Ryanair, Ltd.


PRODUCTS:Aircraft





4. COUNTRY: CAYMAN ISLANDS - AP087264XX


FOREIGN BUYER:SPV/Jackson Square International Holding


END USER:PT Lion Mentari (Lion Air)


PRODUCTS:Aircraft







II. CLASSIFIED ITEMS: NONE
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 26, 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.

Lisa V. Terry
Assistant General Counsel

Date Posted
Summary of Minutes

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


ITEM NO 2 Minutes of July 12, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney and Director Loui all voted in favor of the minutes.


ITEM NO 3
Country IRELAND AP087239XX
Request for FINAL COMMITMENT

Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR, LTD., CLOGHRAN IRELAND
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 BNP PARIBAS, NEW YORK NY
Gteed Lndr CITIBANK N.A., NEW YORK NY
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR, LTD., CLOGHRAN IRELAND

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

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton both voted in favor
of the transaction. Director Loui recused herself. Director Mulvaney voted against.


ITEM NO 4
Country CAYMAN ISLANDS AP087264XX
Request for FINAL COMMITMENT

Applicant JACKSON SQUARE INTERNATIONAL HOLDINGS LP, SAN FRANCISCO CA
Borrower SPV/JACKSON SQUARE INTERNATIONAL HOLDING, SAN FRANCISCO CA
Buyer SPV/JACKSON SQUARE INTERNATIONAL HOLDING, SAN FRANCISCO CA
End-user PT LION MENTARI (LION AIR), JALAN GAJAH MADA NO. 7,JAKARTA 01030 INDONESIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr TORONTO DOMINON BANK, NEW YORK NY
Lessor SPV/JACKSON SQUARE INTERNATIONAL HOLDING, SAN FRANCISCO CA
Lessee JACKSON SQUARE INTERNATIONAL HOLDINGS LP, SAN FRANCISCO CA

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.