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Summary/Agenda of the Meeting of the Board of Directors

Monday, September 29, 2014
 
Completed

I. OPEN: NONE
1. PEFCO Secured Notes Resolutions for FY 2015

II. CLOSED:
TRANSPORTATION DIVISION
2. COUNTRY: ETHIOPIA - AP088866XX
FOREIGN BUYER: SPV/ Ethiopian Airlines SC
END USER: Ethiopian Airlines Enterprise SC
PRODUCTS: Aircraft

3A. COUNTRY: COLOMBIA - AP088876XX
FOREIGN BUYER: SPV/AVIANCA HOLDINGS
END USER: Avianca
PRODUCTS: Aircraft

3B. COUNTRY: COLOMBIA - PC088879XX
FOREIGN BUYER: SPV/AVIANCA HOLDINGS
END USER: Avianca
PRODUCTS: Aircraft

STRUCTURED PROJECT FINANCE
4. COUNTRY: UNITED KINGDOM - AP088346XX
FOREIGN BUYER: VIASAT TCHNOLOGIES LIMITED
PRODUCTS: Geosynchronous Satellite
TOTAL FINANCED AMOUNT: $533,511,829

5A. COUNTRY: MEXICO - AP088773XX
FOREIGN BUYER: Pemex Exploracion y Produccion
PRODUCTS: Exploration Projects
TOTAL FINANCED AMOUNT: $800,000,000

5B. COUNTRY: MEXICO - AP088774XX
FOREIGN BUYER: Pemex Exploracion y Produccion
PRODUCTS: Exploration Projects
TOTAL FINANCED AMOUNT: $200,000,000

TRANSPORTATION DIVISION
6. COUNTRY: CHINA - AP088819XX
FOREIGN BUYER: SPV/ICBC/Washington Aircraft 2 Co.
END USER: Xiamen Airlines Co., Ltd.
PRODUCTS: Aircraft

WORKING CAPITAL DIVISION
7. Working Capital Guarantee No. AP086336XA (Renewal)
OBLIGOR: Thrustmaster of Texas, Inc.
PRODUCTS: Marine Propulsion Systems
EXIMBANK LIABILITY: $27,000,000

8. Working Capital Guarantee No. AP086403XB (Renewal)
OBLIGOR: Boeing Company
PRODUCTS: Commercial Aircraft Manufacturing
EXIMBANK LIABILITY: $45,000,000

CERTIFICATION FOR CLOSURE OF MEETING

I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 10:30 AM on Monday, September 29, 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, except Item No. 1, may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Monday, September 22, 2014

ITEM NO 1 PEFCO Secured Notes Resolution for FY 2015.
Board Decision: ADOPTED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the Resolution.

ITEM NO 2
Country ETHIOPIA AP088866XX
Request for FINAL COMMITMENT

Applicant ETHIOPIAN AIRLINES ENTERPRISE SC, Addis Ababa ETHIOPIA
Borrower SPV/ETHIOPIAN AIRLINES SC, Addis Ababa ETHIOPIA
Buyer SPV/ETHIOPIAN AIRLINES SC, Addis Ababa ETHIOPIA
End-user ETHIOPIAN AIRLINES ENTERPRISE SC, Addis Ababa ETHIOPIA
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GE AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/ETHIOPIAN AIRLINES SC, Addis Ababa ETHIOPIA
Lessee ETHIOPIAN AIRLINES ENTERPRISE SC, Addis Ababa ETHIOPIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name ETHIOPIAN AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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

ITEM NO 3A
Country COLOMBIA AP088876XX
Request for FINAL COMMITMENT

Applicant AVIANCA HOLDINGS S.A., Panama City PANAMA
Borrower SPV/AVIANCA HOLDINGS, S.A., Panama City PANAMA
Buyer SPV/AVIANCA HOLDINGS, S.A., Panama City PANAMA
End-user AVIANCA S.A., Bogota COLOMBIA
Exporter BOEING COMPANY, THE, North Charleston SC
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, North Charleston SC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/AVIANCA HOLDINGS, S.A., Panama City PANAMA
Lessee AVIANCA S.A., Bogota, COLOMBIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

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

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

ITEM NO 3B
Country COLOMBIA PC088879XX
Request for PRELIMINARY COMMITMENT

Applicant AVIANCA HOLDINGS S.A., Panama City PANAMA
Borrower SPV/AVIANCA HOLDINGS, S.A., Panama City PANAMA
Buyer SPV/AVIANCA HOLDINGS, S.A., Panama City PANAMA
End-user AVIANCA S.A., Bogota, COLOMBIA
Exporter BOEING COMPANY, THE, North Charleston SC
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, North Charleston SC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/AVIANCA HOLDINGS, S.A., Panama City PANAMA
Lessee AVIANCA S.A., Bogota COLOMBIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

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

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

ITEM NO 4
Country UNITED KINGDOM AP088346XX
Request for FINAL COMMITMENT

Applicant VIASAT, INC, Carlsbad CA
Borrower VIASAT TECHNOLOGIES LIMITED, Dorset, UNITED KINGDOM
Guarantor VIASAT, INC, Carlsbad CA
Buyer VIASAT TECHNOLOGIES LIMITED, Dorset, UNITED KINGDOM
End-user VIASAT TECHNOLOGIES LIMITED, Dorset, UNITED KINGDOM
Exporter BOEING SATELLITE SYSTEMS, INC., El Segundo CA
Exporter INTERNATIONAL SPACE BROKERS INC, Rosslyn VA
Exporter SPACE EXPLORATION TECHNOLOGIES CORP., Hawthorne CA
Supplier BOEING SATELLITE SYSTEMS, INC., El Segundo CA
Supplier INTERNATIONAL SPACE BROKERS INC, Rosslyn VA
Supplier SPACE EXPLORATION TECHNOLOGIES CORP., Hawthorne CA
Gteed Lndr JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, New York NY

Project Name NONE
Project Description VIASAT-2 SATELLITE
Product Description GEOSYNCHRONOUS SATELLITE
Financed Amount $533,511,829
Repayment Term 8 YEARS/6MONTHS

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

ITEM NO 5A
Country MEXICO AP088773XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, MEXICO
Borrower PETROLEOS MEXICANOS, MEXICO
Guarantor PEMEX-REFINACION, MEXICO
Guarantor PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Guarantor PEMEX-GAS PETROQUIMICA BASICA, MEXICO
Buyer PEMEX-EXPLORACION Y PRODUCCION, MEXICO
End-user PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Exporter SOLAR TURBINES INTERNATIONAL COMPANY, San Diego CA
Exporter DIAMOND OFFSHORE DRILLING SVCS, Houston TX
Exporter ADDITIONAL EXPORTERS
Supplier SOLAR TURBINES INTERNATIONAL COMPANY, San Diego CA
Supplier UNKNOWN VARIOUS, Washington DC
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A MEXICO

Project Name NONE
Project Description PEMEX OIL & GAS EXPLORATION & PRODUCTION
Product Description EXPLORATION PROJECTS
Financed Amount $800,000,000
Repayment Term 10 YEARS

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

ITEM NO 5B
Country MEXICO AP088774XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, Mexico MEXICO
Borrower PETROLEOS MEXICANOS, Mexico MEXICO
Guarantor PEMEX-REFINACION, MEXICO
Guarantor PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Buyer PEMEX-EXPLORACION Y PRODUCCION, MEXICO
End-user PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Exporter VARIOUS US SMALL BUSINESSES, Washington DC
Supplier UNKNOWN VARIOUS, Washington DC
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A MEXICO

Project Name NONE
Project Description PEMEX OIL & GAS EXPLORATION & PRODUCTION
Product Description EXPLORATION PROJECTS
Financed Amount $200,000,000
Repayment Term 10 YEARS

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

ITEM NO 6
Country CHINA AP088819XX
Request for FINAL COMMITMENT

Applicant ICBC FINANCIAL LEASING CO. LTD, Beijing CHINA (MAINLAND)
Borrower SPV/ICBC/WASHINGTON AIRCRAFT 2 CO., Dublin IRELAND
Buyer SPV/ICBC/WASHINGTON AIRCRAFT 2 CO., Dublin IRELAND
End-user XIAMEN AIRLINES CO. LTD, Xiamen 35 CHINA (MAINLAND)
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, North Charleston, SC
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington, DC
Gteed Lndr CITIBANK, N.A., New York NY
Lessor SPV/ICBC/WASHINGTON AIRCRAFT 2 CO., Dublin IRELAND
Lessee FTZ CO., Xiamen 35 CHINA (MAINLAND)

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 7
Working Capital Guarantee No. AP086336XA
Request for FINAL COMMITMENT
Applicant AMEGY BANK NATIONAL ASSOCIATION, Houston TX
Lender AMEGY BANK NATIONAL ASSOCIATION, Houston TX
Obligor THRUSTMASTER OF TEXAS INC, Houston TX
Guarantor JOE BEKKER, Houston TX
Guarantor THRUSTMASTER INTERNATIONAL CORPORATION, Houston TX
Guarantor THRUSTMASTER EXPORT CORPORATION, Houston, TX
Product Description MARINE PROPULSION SYSTEMS
Ex-Im Bank Liability (Millions) $20+

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

ITEM NO 8
Working Capital Guarantee No. AP086403XB
Request for FINAL COMMITMENT
Applicant CITIBANK, N.A., New York NY
Lender CITIBANK, N.A., New York NY
Obligor BOEING COMPANY, THE, Chicago IL
Guarantor NONE
Product Description COMMERCIAL AIRCRAFT MANUFACTURING
Ex-Im Bank Liability (Millions) $20+

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