Meeting Minutes

ITEM NO. 1 Minutes of March 12, 2015 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 2
Country TURKEY AP088941XX
Request for FINAL COMMITMENT

Applicant TURK HAVA YOLLARI ANONIM A S, Istanbul 34
Borrower SPV/TURK HAVA YOLLARI, Istanbul
Buyer SPV/TURK HAVA YOLLARI, Istanbul
End-user TURK HAVA YOLLARI ANONIM A S, Istanbul 34
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/TURK HAVA YOLLARI, Istanbul
Lessee TURK HAVA YOLLARI ANONIM A S, Istanbul 34
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 3A
Country VIET NAM AP088920XX
Request for FINAL COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr SVENSKA EXPORTKREDIT AB, Stockholm
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name VIETNAM 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 3B
Country VIET NAM AP088920XA
Request for FINAL COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr TORONTO-DOMINION BANK, THE, Mount Laurel NJ
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name VIETNAM 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 3C
Country VIET NAM AP088920XB
Request for FINAL COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi

Project Name VIETNAM AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 5 YEARS

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

ITEM NO 3D
Country VIET NAM PC088921XX
Request for PRELIMINARY COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter BOEING COMPANY, THE, Everett WA
Exporter GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name VIETNAM 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 4
Country GABON AP088904XX
Request for FINAL COMMITMENT

Applicant ATRAFIN, LLC, Colchester CT
Borrower SOCIETE D'EXPLOITATION DU TRANSGABONAIS, Libreville -1
Guarantor COMPAGNIE MINIERE DE L'OGOOUE S.A., Moanda -2
Buyer SOCIETE D'EXPLOITATION DU TRANSGABONAIS, Libreville -1
End-user SOCIETE D'EXPLOITATION DU TRANSGABONAIS, Libreville -1
Exporter RAILSERVE, INC., Atlanta GA
Supplier RAILSERVE, INC., Atlanta GA
Gtd Lndr ATRAFIN, LLC, Colchester CT

Project Name NONE
Project Description RAILWAY TRANSPORTATION-LOCOMOTIVES
Product Description Dual LEAF SWITCHYARD LOCOMOTIVES
Financed Amount $ 10,757,989
Repayment Term 7 YEARS

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

ITEM NO. 5A
Policy No.: FB-574586 Tracking No. 614843
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Policy Renewal
Policy Type: Financial Institution Buyer Credit

Insured: Intercam Banco, S.A., D.F., Mexico, Mexico
Buyer/Obligor: Industrializadora de Mantecas,S.A. de C.V.,Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas, S.A.de C.V.,Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Pasternak, Baum & Co., Harrison, NY
Exporters: Agri Trading Corp, Hutchinson, MN
Exporters: Archer Daniels Midland Company, Decatur, IL
Exporters: Gavilon Ingredients, LLC, Omaha, NE
Broker: Hefferan Insurance Brokers, Portland, OR
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions) $5 - 20

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

ITEM NO. 5B Tracking No. 611974
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Approval
Policy Type: Financial Institution Buyer Credit

Insured: Banco De Sabadel, S.A., Miami, FL
Buyer/Obligor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Gavilon Ingredients, LLC, Omaha, NE
Exporters: Agri Trading Corp, Hutchinson, MN
Broker: IRC Group, Columbus, OH
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions ) $0