Summary of the Meeting of the Board of Directors

November 13, 2014 December 31, 1969

Completed

Agenda

1. Minutes of October 30, 2014 Board Meeting to be approved

TRANSPORTATION DIVISION
2A. COUNTRY: CHINA - AP088834XX
FOREIGN BUYER: China Eastern Airlines
PRODUCTS: Aircraft

2B. COUNTRY: CHINA - AP088834XA
FOREIGN BUYER: China Eastern Airlines
PRODUCTS: Aircraft

2C. COUNTRY: CHINA - AP088834XB
FOREIGN BUYER: China Eastern Airlines
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
3. COUNTRY: CAMEROON AP088021XX
FOREIGN BUYER: Cameroon Water Utilities Corporation
PRODUCTS: EPC Services
TOTAL FINANCED AMOUNT: $63,371,103

ASSET MANAGEMENT DIVISION
4. COUNTRY: GHANA AP081922XX
Request to extend availability of $46.7 million in local content funding to December 25, 2016 and extend availability of $10 million in US content funding to December 25, 2016.

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 9:30 AM on Thursday, November 13, 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 October 30, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.


ITEM NO 2A
Country CHINA AP088834XX
Request for FINAL COMMITMENT

Applicant CHINA EASTERN AIRLINES CORP, Shanghai
Borrower SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Buyer SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
End-user CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Gtd Lndr TORONTO-DOMINION BANK, THE, Toronto ON
Lessor SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Lessee CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

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

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


ITEM NO 2B
Country CHINA AP088834XA
Request for FINAL COMMITMENT

Applicant CHINA EASTERN AIRLINES CORP, Shanghai
Borrower SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Buyer SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
End-user CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Gtd Lndr HSBC USA, INC., New York NY
Lessor SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Lessee CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

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

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


ITEM NO 2C
Country CHINA AP088834XB
Request for FINAL COMMITMENT

Applicant CHINA EASTERN AIRLINES CORP, Shanghai
Borrower SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Buyer SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
End-user CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Gtd Lndr PRIVATE EXPORT FUNDING CORPORATION, New York NY
Lessor SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Lessee CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

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

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


ITEM NO 3
Country CAMEROON AP088021XX
Request for FINAL COMMITMENT

Applicant MINISTRY OF ECONOMY, PLANNING AND REGION, Yaounde CE
Borrower MINISTRY OF ECONOMY, PLANNING AND REGION, Yaounde CE
Guarantor NONE
Buyer CAMEROON WATER UTILITIES CORPORATION, Douala LT
End-user CAMEROON WATER UTILITIES CORPORATION, Douala LT
Exporter ECC, BURLINGAME CA
Exporter SOCIETE GENERALE S.A., New York NY
Supplier ECC, BURLINGAME CA
Supplier SOCIETE GENERALE S.A., New York NY
Supplier ADDITIONAL SUPPLIERS
Gtd Lndr SOCIETE GENERALE S.A., Paris 75
PSOR MINISTRY OF ECONOMY, PLANNING AND REGION, Yaounde CE

Project Name NONE
Project Description YAOUNDE WATER SUPPLY
Product Description EPC Services
Financed Amount $ 63,371,103
Repayment Term 15 YEARS

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


ITEM NO 4 COUNTRY: GHANA AP081922XX
Request to extend availability of $46.7 million in local content funding to December 25, 2016 and extend availability of $10 million in US content funding to December 25, 2016.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the recommendation.