Summary of the Meeting of the Board of Directors

Date Scheduled

Completed

Agenda

1.Minutes of December 12, 2013 Board
Meeting to be approved

TRANSPORATION DIVISION
2A.COUNTRY: KENYA AP088412XX
FOREIGN
BUYER: SPV/Kenya Airways, Ltd.
END-USER:
Kenya Airways, Ltd.
PRODUCTS: Aircraft

2B.COUNTRY: KENYA AP088412XA
FOREIGN
BUYER: SPV/Kenya Airways, Ltd.
END-USER:
Kenya Airways, Ltd.
PRODUCTS: Aircraft

2C.COUNTRY: KENYA AP088412XB
FOREIGN
BUYER: SPV/Kenya Airways, Ltd.
END-USER:
Kenya Airways, Ltd.
PRODUCTS: Aircraft

2D.COUNTRY: KENYAPC088413XX
FOREIGN
BUYER: SPV/Kenya Airways, Ltd.
END-USER:
Kenya Airways, Ltd.
PRODUCTS: Aircraft

TRADE FINANCE
DIVISION

3.COUNTRY: MEXICOPolicy No. FB 577651 (Renewal)
BUYER/END-USER:
Gunderson-Gimsa, S. A. de C.V.
PRODUCTS: Steel, Steel Products, Wheel Couplings,
Braking Systems and Related Parts TOTAL CREDIT LIMIT AMOUNT: $20,000,000

4.COUNTRY: MEXICO Policy No. FIBC 576161
(Renewal)
BUYER/OBLIGOR: Comercializadora
Portimex, S.A. de C.V.
PRODUCTS: Agricultural Commodities
TOTAL CREDIT LIMIT AMOUNT: $15,000,000

Certification for Closure of Meeting

I, Andrea Q.
Bernardo, Assistant General Counsel for Administration, hereby certifythat in my opinion the Meeting of
the Board of Directors scheduled for 8:30 AM on Thursday,February 6, 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 December 12, 2013 Board Meeting
for consideration and approval.

Motion was made, seconded and approved
to amend the minutes.

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



ITEM
NO 2A

Country
KENYA AP088412XX

Request
for FINAL COMMITMENT

ApplicantKENYA AIRWAYS LTD, Nairobi

Borrower
SPV/KENYA AIRWAYS LTD, Nairobi

Buyer
SPV/KENYA
AIRWAYS LTD, Nairobi

End-userKENYA
AIRWAYS LTD, Nairobi

Exporter
BOEING COMPANY, THE, Everett WA

SupplierBOEING
COMPANY, THE, Everett WA

Supplier
GENERAL ELECTRIC TRANSPORTATION,
Cincinnati OH

SupplierVARIOUS
US SMALL BUSINESSES, Washington DC

Gtd
LenderJPMORGAN CHASE BANK, NATIONAL
ASSOCIATIO, New York NY

Gtd
LenderCITICORP NORTH AMERICA, INC.,
New York NY

Cofin
ECANIPPON EXPORT AND INVESTMENT
INSURANCE, Chiyoda-Ku JAPAN


Project
Name NONE

Project
Description AIRCRAFT

Product
Description AIRCRAFT MANUFACTURING


Board Decision:TRANSCTION REFERED TO CONGRESS.Chairman Hochberg, Director Mulvaney and Director Loui all voted in
favor of the referral.




ITEM
NO 2B

Country
KENYA AP088412XA

Request
for FINAL COMMITMENT

ApplicantKENYA AIRWAYS LTD, Nairobi

Borrower
SPV/KENYA AIRWAYS LTD, Nairobi

Buyer
SPV/KENYA AIRWAYS LTD, Nairobi

End-userKENYA
AIRWAYS LTD, Nairobi

Exporter
BOEING COMPANY, THE, Everett WA

SupplierBOEING
COMPANY, THE, Everett WA

Supplier
GENERAL ELECTRIC TRANSPORTATION,
Cincinnati OH

SupplierVARIOUS
US SMALL BUSINESSES, Washington DC

Gtd
LenderJPMORGAN CHASE BANK, NATIONAL
ASSOCIATIO, New York NY

Gtd
LenderCITICORP NORTH AMERICA, INC.,
New York NY

Cofin
ECANIPPON EXPORT AND INVESTMENT
INSURANCE, Chiyoda-Ku JAPAN


Project
Name NONE

Project
Description AIRCRAFT

Product
Description AIRCRAFT MANUFACTURING


Board Decision:TRANSCTION REFERED TO CONGRESS.Chairman
Hochberg, Director Mulvaney and Director Loui all voted in favor of the
referral.




ITEM
NO 2C

Country
KENYA AP088412XB

Request
for FINAL COMMITMENT

ApplicantKENYA AIRWAYS LTD, Nairobi

BorrowerSPV/KENYA AIRWAYS LTD, Nairobi

BuyerSPV/KENYA
AIRWAYS LTD, Nairobi

End-userKENYA
AIRWAYS LTD, Nairobi

ExporterGENERAL ELECTRIC AVIATION, Cincinnati
OH

ExporterGENERAL ELECTRIC AVIATION, Cincinnati
OH

Exporter
BOEING COMPANY, THE, Everett WA

Supplier
GENERAL ELECTRIC AVIATION,
Cincinnati OH

SupplierGENERAL ELECTRIC AVIATION, Cincinnati
OH

SupplierBOEING
COMPANY, THE, Everett WA

Supplier
VARIOUS US SMALL BUSINESSES,
Washington DC

Gtd
LenderJPMORGAN CHASE BANK, NATIONAL
ASSOCIATIO, New York NY

Gtd
LenderCITICORP NORTH AMERICA, INC.,
New York NY

Cofin
ECANIPPON EXPORT AND INVESTMENT
INSURANCE, Chiyoda-Ku JAPAN


Project
Name NONE

Project
Description AIRCRAFT

Product
Description AIRCRAFT MANUFACTURING


Board Decision:TRANSCTION REFERED TO CONGRESS.Chairman Hochberg, Director Mulvaney and Director Loui all voted in
favor of the referral.




ITEM
NO 2D

Country
KENYA PC088413XX

Request
for FINAL COMMITMENT


ApplicantKENYA AIRWAYS LTD, Nairobi

BorrowerSPV/KENYA AIRWAYS LTD, Nairobi

BuyerSPV/KENYA
AIRWAYS LTD, Nairobi

End-userKENYA
AIRWAYS LTD, Nairobi

Exporter
BOEING COMPANY, THE, Everett WA

Supplier
GENERAL ELECTRIC AVIATION,
Cincinnati OH

SupplierGENERAL ELECTRIC AVIATION, Cincinnati
OH

SupplierBOEING
COMPANY, THE, Everett WA

Supplier
VARIOUS US SMALL BUSINESSES,
Washington DC

Gtd
LenderJPMORGAN CHASE BANK, NATIONAL
ASSOCIATIO, New York NY

Gtd
LenderCITICORP NORTH AMERICA, INC.,
New York NY

Cofin
ECANIPPON EXPORT AND INVESTMENT
INSURANCE, Chiyoda-Ku JAPAN


Project
Name NONE

Project
Description AIRCRAFT

Product
Description AIRCRAFT MANUFACTURING


Board Decision:TRANSCTION REFERED TO CONGRESS.Chairman Hochberg, Director Mulvaney and Director Loui all voted in
favor of the referral.




ITEM
NO 3

Country MEXICO Policy #: FB-577651

Financial
Institution Buyer Credit

InsuredHencorp Becstone LC, Miami, FL

Buyer/ObligorGunderson-Gimsa, S.A. de C.V., Frontera, Coahuila, Mexico

End-UserGunderson-Gimsa,
S.A. de C.V., Frontera, Coahuila, Mexico

GuarantorsThe
Greenbriar Companies, Inc, (GBX) of Lake Oswego, OR

Gunderson, LLC of Portland, OR

Other
Guarantors

ExportersNucor
Steel, Inc. of Tuscaloosa, AL

Miner
Enterprises, Inc. of Geneva, IL

Arcelor
Mittal of Chicago, IL

SuppliersNucor
Steel, Inc. of Tuscaloosa, AL

Miner
Enterprises, Inc. of Geneva, IL

Arcelor
Mi