Summary of the Meeting of the Board of Directors

Date Scheduled

Completed

Agenda

I.NON-CLASSIFIED ITEMS:


OPEN: NONE


CLOSED:


1. Minutes of January 10, 2013 Board Meeting to be approved


2. Minutes of January 17, 2013 Board Meeting to be approved


3. Minutes of January 24, 2013 Board Meeting to be approved


4. Minutes of January 31, 2013 Board Meeting to be approved




TRANSPORATION DIVISION


Congressional Review - Expiry Date: 02-13-13 / Public Notice Expiry Date: 02-08-13


5A. COUNTRY: CHILE - AP087730XX


FOREIGN BUYER: SPV/LATAM Airlines Group S.A. (LATAM)


END USER: LATAM Airlines Group, S.A.


PRODUCTS: Aircraft

See Item No. 5A on the 01-10-13 Agenda - Also see Addendum





Congressional Review - Expiry Date: 02-13-13 / Public Notice Expiry Date: 02-08-13


5B. COUNTRY: CHILE - AP087730XA


FOREIGN BUYER: SPV/LATAM Airlines Group S.A. (LATAM)


END USER: LATAM Airlines Group, S.A.


PRODUCTS: Aircraft


See Item No. 5B on the 01-10-13 Agenda - Also see Addendum






6. COUNTRY: UNITED ARAB EMIRATES - AP087679XX


FOREIGN BUYER: SPV/Dubai Aerospace Enterprise Limited


END USER: Dubai Aerospace Enterprise Limited


END USER: Emirates Airline


PRODUCTS: Aircraft





7. COUNTRY:INDONESIA - AP085680XX (Conversion No. 1)


FOREIGN BUYER: SPV/PT Lion Mentari


FOREIGN BUYER: SPV/PT Batik Air Indonesia


FOREIGN BUYER: SPV/Transportation Partners PTE


END USER: PT Lion Mentari


END USER: PT Batik Air Indonesia


END USER: Malindo airways SDN BHE


PRODUCTS: Aircraft



WORKING CAPITAL DIVISION




8. Working Capital Guarantee No. AP087642XX


OBLIGOR: Gaffney-Kroese Electrical Supply Corp

PRODUCTS: Electrical Wholesale Supplies




STRUCTURED FINANCE DIVISION




9. COUNTRY:HONDURAS - AP087547XX


FOREIGN BUYER:Energia Eolica de Honduras, S.A.


PRODUCTS:Wind Turbine Generators


TRADE FINANCE DIVISION
10. COUNTRY: GHANA - PC086922XX
FOREIGN BUYER: Republic of Ghana-Government
END USER: The Accra Metropolitan Assembly
PRODUCTS: Sanitary Sewer and Storm Water Drainage
See Item No. 1 on the 02-19-13 Agenda






II. CLASSIFIED ITEMS: NONE
Certification for Closure of Meeting

I, Lisa Terry, Assistant General Counsel for Administration , hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, February 21, 2013, 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 Terry

Assistant General Counsel


Date Posted
Summary of Minutes

ITEM NO 1Minutes of January 10, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.


ITEM NO 2Minutes of January 17, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.


ITEM NO 3Minutes of January 24, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.


ITEM NO 4Minutes of January 31, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.


ITEM NO 5A
Country CHILE AP087730XX
Request for FINAL COMMITMENT


ApplicantLATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
BorrowerSPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
End-user LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
ExporterBOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LndrCITIBANK N A, NEW YORK NY
Lessor SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Lessee LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Cofin ECANIPPON EXPORT AND 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, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.


ITEM NO 5B
Country CHILE AP087730XA
Request for FINAL COMMITMENT


ApplicantLATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
BorrowerSPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
End-user TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LndrCITIBANK N A, NEW YORK NY
Lessor SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Lessee LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Cofin ECANIPPON EXPORT AND 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, Vice Chair Felton, Director Mulvaney,
Director Loui and Director Walther all voted in favor of the transaction.


ITEM NO 6
Country UNITED ARAB EMIRATES AP087679XX
Request for FINAL COMMITMENT


ApplicantDUBAI AEROSPACE ENTERPRISE (DAE) LTD, DUBAI U ARAB EMIRATES
BorrowerSPV/DUBAI AEROSPACE ENTERPRISE (DAE) LTD, DUBAI U ARAB EMIRATES
BuyerSPV/DUBAI AEROSPACE ENTERPRISE (DAE) LTD, DUBAI U ARAB EMIRATES
End UserDUBAI AEROSPACE ENTERPRISE (DAE) LTD, DUBAI U ARAB EMIRATES
End UserEMIRATES AIRLINE, DUBAI U ARAB EMIRATES
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LndrPRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPV/DUBAI AEROSPACE ENTERPRISE (DAE) LTD, DUBAI U ARAB EMIRATES
Lessee DUBAI AEROSPACE ENTERPRISE (DAE) LTD, DUBAI U ARAB EMIRATES
Cofin ECANIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN


Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT


Board Decision: REFERRED To US Congress and Public Notice. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted
in favor of the referral.


ITEM NO 7
Country INDONESIA AP085680XX
Request for FINAL COMMITMENTConversion No. 1


ApplicantLION MENTARI, PT, JAKARTA 10130 INDONESIA
BorrowerSPV/PT LION MENTARI, JAKARTA INDONESIA
BorrowerSPV/PT BATIK AIR INDONESIA, JAKARTA INDONESIA
BorrowerSPV/TRANSPORTATION PARTNERS PTE LTD, SINGAPORE SINGAPORE
BuyerSPV/PT LION MENTARI, JAKARTA INDONESIA
BuyerSPV/PT BATIK AIR INDONESIA, JAKARTA INDONESIA
BuyerSPV/TRANSPORTATION PARTNERS PTE LTD, SINGAPORE SINGAPORE
End UserLION MENTARI, PT, JAKARTA 10130 INDONESIA
End UserPT BATIK AIR INDONESIA, JAKARTA 10130 INDONESIA
End UserMALINDO AIRWAYS SDN BHD, 47200 SUBANG SELANGOR MALAYSIA
ExporterBOEING COMPANY, THE, RENTON WA
SupplierCFM INTERNATIONAL INC, CINCINNATI OH
SupplierBOEING COMPANY, THE, RENTON WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LndrAPPLE BANK FOR SAVINGS, NEW YORK NY
LessorSPV/PT LION MENTARI, JAKARTA INDONESIA
LessorSPV/PT BATIK AIR INDONESIA, JAKARTA INDONESIA
LessorSPV/TRANSPORTATION PARTNERS PTE LTD, SINGAPORE SINGAPORE
LesseePT LION MENTARI, JAKARTA INDONESIA
LesseePT BATIK AIR INDONESIA, JAKARTA INDONESIA
LesseeTRANSPORTATION PARTNERS PTE LTD, SINGAPORE SINGAPORE


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


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


ITEM NO 8
Working Capital Guarantee No. AP087642XX
Request for FINAL COMMITMENT


Applicant CITIBANK, N.A, SHORT HILLS NJ
Lender CITIBANK, N.A, SHORT HILLS NJ
ObligorJOINTLY & SEVERALLY
GAFFNEY-KROESE ELECTRICAL SUPPLY CORP., SOMERSET NJ
CJ KROESE CORP., SOMERSET NJ
OTHER OBLIGORS
GuarantorKROESE III, JOHN, SOMERSET NJ
KROESE C. CHRISTOPHER, SOMERSET NJ
OTHER GUARANTORS
Product ELECTRICAL WHOLESALE SUPPLIES
Ex-Im Bank Liability (Millions) $5 - $20


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


ITEM NO 9
Country HONDURAS AP087547XX
Request for FINAL COMMITMENT


ApplicantENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS
BorrowerENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS
Guarantor NONE
Buyer ENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS
End-user ENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS
ExporterUPWIND SOLUTIONS INC., MEDFORD OR
ExporterGAMESA WIND US LLC, TREVOSE PA
ExporterP50 CAPITAL LLC, NEW YORK NY
ExporterADDITIONAL EXPORTERS
SupplierGAMESA WIND US LLC, TREVOSE PA
Gteed LndrNONE


Project Name CERRO DE HULA PHASE 2 WIND FARM
Project Description WIND POWER EXPANSION PLANT
Product Description WIND TURBINE GENERATORS


Financed Amount $28,618,794
Repayment Term 17 YEARS


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


ITEM NO 10
Country GHANA PC086922XX
Request for PRELIMINARY COMMITMENT


Applicant CONTI INTERNATIONAL LLC, EDISON NJ
Borrower REPUBLIC OF GHA