Summary of the Meeting of the Board of Directors

Date Scheduled

Completed

Agenda

I. OPEN: NONE


II. CLOSED:
1. Minutes of November 14, 2013 Board Meeting to be approved
2. Minutes of December 12, 2013 Board Meeting to be approved
3. Minutes of December 19, 2013 Board Meeting to be approved


WORKING CAPITAL DIVISION
4. Working Capital Guarantee No. AP088484XX
OBLIGOR: Jyoti Americas, LLC
PRODUCTS: Lattice Transmission Towers


TRANSPORATION DIVISION
5A. COUNTRY: CANADA - AP088513XX
FOREIGN BUYER: SPV/Air Canada
END-USER: Air Canada
PRODUCTS: Aircraft


5B. COUNTRY: CANADA - PC088514XX
FOREIGN BUYER: SPV/Air Canada
END-USER: Air Canada
PRODUCTS: Aircraft


6. COUNTRY: INDONESIA - AP087413XX (Amendment)
FOREIGN BUYER: PT Kereta API Indonesia (PERSERO)
PRODUCTS: Railroad Rolling Stock Manufacturing

CREDIT POLICY COMMITTEE
7. Country Review (CLS Cover Policy and Footnote Changes)

Certification for Closure of Meeting

I, Andrea Q. Bernardo, Assistant General Counsel forAdministration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, January 30, 2014, 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.



Andrea Q. Bernardo
Assistant General Counsel

Date Posted
Summary of Minutes
ITEM
NO 1 Minutes of January 23, 2014 Board
Meeting for consideration and approval.

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



ITEM
NO 2 Minutes of January 30, 2014 Board Meeting
for consideration and approval.

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



ITEM
NO 3 Minutes of February 6, 2014 Board
Meeting for consideration and approval.

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



ITEM
NO 4 Minutes of February 14, 2014 Board
Meeting for consideration and approval.

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



ITEM
NO 5A

Country
CANADAAP088513XX

Request
for FINAL COMMITMENT

ApplicantAIR CANADA, Saint-Laurent QC

BorrowerSPV/AIR CANADA, Saint Laurent QC

BuyerSPV/AIR CANADA, Saint Laurent QC

End-userAIR CANADA, Saint-Laurent QC

ExporterBOEING COMPANY, THE, Everette, WA

SupplierVARIOUS - UNITED STATES SMALL
SUPPLIERS, Washington DC

Supplier
BOEING COMPANY, THE, Everette,
WA

SupplierGENERAL ELECTRIC AVIATION, Cincinnati
OH

Gtd
LenderTD SECURITIES INC, Toronto ON

LessorSPV/AIR
CANADA, Saint Laurent QC

LesseeAIR
CANADA, Saint-Laurent QC


Project
Name NONE

Project
Description AIR TRANSPORTATION

Product
Description AIRCRAFT

Repayment
Term 12 YEARS


Board Decision:TRANSCTION APPROVED.Chairman
Hochberg, Director Mulvaney and Director Loui all voted in favor of the
approving the transaction.





ITEM
NO 5B

Country
CANADAPC088514XX

Request
for PRELIMINARY COMMITMENT

ApplicantAIR CANADA, Saint-Laurent QC

BorrowerSPV/AIR CANADA, Saint Laurent QC

BuyerSPV/AIR
CANADA, Saint Laurent QC

End-userAIR CANADA, Saint-Laurent QC

ExporterBOEING COMPANY, THE, Everette, WA

SupplierVARIOUS - UNITED STATES SMALL
SUPPLIERS, Washington DC

Supplier
BOEING COMPANY, THE, Everette,
WA

SupplierGENERAL ELECTRIC AVIATION, Cincinnati
OH

Gtd
LenderFINANCIAL INSTITUTION
ACCEPTABLE TO EIB, N/A

LessorSPV/AIR
CANADA, Saint Laurent QC

LesseeAIR
CANADA, Saint-Laurent QC


Project
Name NONE

Project
Description AIR TRANSPORTATION

Product
Description AIRCRAFT

Repayment
Term 12 YEARS

Board
Decision:TRANSCTION APPROVED.Chairman Hochberg, Director Mulvaney and
Director Loui all voted in favor of the approving the transaction.


ITEM
NO 6

CountryIRELANDAP088552XX

RequestFINAL COMMITMENT (NEW)

Applicant
INTREPID AVIATION MANAGEMENT
IRELAND, LI, Dublin IRELAND

BorrowerSPV/INTREPID
AVIATION, Dublin IRELAND

BuyerSPV/INTREPID
AVIATION, Dublin IRELAND

End-userLOT
POLISH AIRLINES, Warsaw POLAND

ExporterBOEING
COMPANY, THE, Everett WA

SupplierBOEING
COMPANY, THE, Everett WA

SupplierVARIOUS
US SMALL BUSINESSES, Washington DC

Gteed
Lender APPLE BANK FOR SAVINGS, New York
NY

LessorSPV/INTREPID
AVIATION, Dublin IRELAND

LesseeLOT
POLISH AIRLINES, Warsaw POLAND

Cofin
ECANIPPON EXPORT AND INVESTMENT
INSURANCE, Chiyoda-Ku JAPAN

Controlling
Sponsor CENTERBRIDGE PARTNERS, New York, NY

Controlling
Sponsor RESERVOIR CAPITAL GROUP LLC, New York, NY


Project
Name NONE

Project
Description AIR TRANSPORTATION

Product
Description AIRCRAFT

Repayment
Term 12 YEARS

Board
Decision:TRANSCTION APPROVED.Chairman Hochberg, Director Mulvaney and
Director Loui all voted in favor of the approving the transaction.