Summary of the Meeting of the Board of Directors

March 11, 2013 December 31, 1969

Completed

I.NON-CLASSIFIED ITEMS:


OPEN: NONE


CLOSED:
TRADE FINANCE DIVISION
1.COUNTRY: NIGERIA - AP086782XX
FOREIGN BUYER: Drillog Petro Dynamics Ltd
PRODUCTS: Drilling Equipment

TRANSPORTATION DIVISION
Public Notice Expiry Date: 03-04-13
2.COUNTRY: MOROCCO - AP078791XX (Conversion No. 10)
FOREIGN BUYER: SPV/Royal Air Maroc
END USER: Royal Air Maroc
PRODUCTS: Aircraft



II.CLASSIFIED ITEMS: NONE

Certification for Closure of Meeting
I, Inci Tonguch-Murray, 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 Monday, March 11, 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.


Inci Tonguch-Murray
Assistant General Counsel (Acting)

Date Posted

ITEM NO 1
Country NIGERIA AP086782XX
Request for FINAL COMMITMENT


Applicant HSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM
Borrower DRILLOG PETRO DYNAMICS LTD, RIVERS STATE NIGERIA
GuarantorDIAMOND BANK LTD., LAGOS NIGERIA
Buyer DRILLOG PETRO DYNAMICS LTD, RIVERS STATE NIGERIA
End-userDRILLOG PETRO DYNAMICS LTD, RIVERS STATE NIGERIA
Exporter APPLIED MACHINERY CORP, HOUSTON TX
Exporter PEGASUS FREIGHT SERVICES INC, HOUSTON TX
Supplier APPLIED MACHINERY CORP, HOUSTON TX
Supplier INTEGRATED DRIVE SYSTEMS, HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed LNDRHSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM


Project Name NONE
Project Description OIL AND GAS FIELD DEVELOPMENT
Product Description DRILLING EQUIPMENT - RIG PACKAGE
Financed Amount $25,747,399
Repayment Term 5 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 2
Country MOROCCO AP078791XX
Request for FINAL COMMITMENTConversion No. 10


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
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LndrAPPLE BANK FOR SAVINGS, MANHASSET NY
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, Director Loui and Director Walther all voted in favor of the transaction.