Summary of the Meeting of the Board of Directors

September 8, 2020 December 31, 1969

Completed

VIA TELECONFERENCE

I.  OPEN:

                       SMALL BUSINESS DIVISION

1.        COVID-19 update

Steven Freshour - Vice President

Amy Shinkman - Vice President

James Burrows - Senior Vice President

                        PEFCO WORKING GROUP

2.         Overview of Process and Decision Items

Lauren Fuller - Senior Advisor

Jim Cruse - Senior Vice President

2a.       Renewal of the Guarantee and Credit Agreement between EXIM and PEFCO

Paxton Stephan - Policy Analyst

2b.       Amendment to the Standard Operating Procedures between EXIM and PEFCO

Paxton Stephan - Policy Analyst

2c.       PEFCO Secured Note Authorization for FY2021

Julie Kalishman - Director of Budget and Financial Planning

 2d.       Funder Guarantee for Supply Chain Finance Guarantee Program

Nicole Wharton - Senior Counsel

Date Posted

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
SEPTEMBER 8 (AM), 2020

ITEM NO. 1      Small Business COVID-19 Update
For Information Only:  No Board Decision Required

ITEM NO. 2      Overview of Process and Decision Items
For Information Only:  No Board Decision Required

ITEM NO. 2A.   Renewal of the Guarantee and Credit Agreement between EXIM and PEFCO
Board Decision: APPROVED.  Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.

ITEM NO. 2B.   Amendment to the Standard Operating Procedures between EXIM and PEFCO
Board Decision: APPROVED.  Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.

ITEM NO. 2C.   PEFCO Secured Note Authorization for FY2021
Board Decision: APPROVED.  Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.

ITEM NO. 2D.   Funder Guarantee for Supply Chain Finance Guarantee Program
Board Decision: APPROVED.  Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.