Meeting Minutes

EXPORT-IMPORT BANK OF THE UNITED STATES 
SUMMARY OF CLOSED BOARD OF DIRECTORS MEETING MINUTES
September 29, 2024

1. TRANSPORTATION DIVISION
   Country: Morocco - AP089536XX
   Foreign Buyer/Borrower/Lessor: SPC/Royal Air Maroc, Casablanca MoroccoLessee
   End-User/PSOR: Royal Air Maroc, Casablanca, Morocco Exporter/Supplier: The Boeing Company
   Product: Aircraft
   Total Financed Amount: $225,250,000 Required Decision: Approval
   Deal Team: Allen/Jouy
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt
   and Director Bachus voted in favor of this Transaction.
    
2. TRANSPORTATION DIVISION
   Country: South Korea - AP089537XX
   Foreign Buyer/Borrower/Lessor: SPC/Korean Air Lines, Seoul, South Korea
   Lessee/End- User/PSOR: Korean Air Lines, Seoul, South Korea Exporter/Supplier: The Boeing Company Product: Aircraft
   Total Financed Amount: $637,427,665 Required Decision: Approval
   Deal Team: Bakst/Lambe
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt
   and Director Bachus voted in favor of this Transaction.
    
3. STRUCTURED & FINANCE DIVISION
   Country: India- AP089519XX
   Borrower/PSOR/End-User: Reliance Jio Infocomm Ltd. Via Finnvera Exporter/
   Supplier: Nokia Corporation Oyj Product: 5G equipment and Services
   Total Financed Amount: $313,500,000 Required Decision: Approval
   Approval Deal Team: Zimmerman
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, and
   Director Bachus voted in favor of this Transaction. Director Herrnstadt voted No.
    
4. CHINA & TRANSFORMATIONAL EXPORTS PROGRAM (CTEP) DIVISION
   Request for a Non-Binding resolution in Support of Critical Minerals and Rare Earth Elements Financings
   NAC Review: No Public Notification: No Review Required: No
   Required Decision: Approval Deal Team: Barnett
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt and Director Bachus voted in favor of this Plan and Agreement.
    
5. STRUCTURED & PROJECT FINANCE DIVISION
   Country: Romania – AP759255XX Foreign Buyer: RoPower
   Products: Technical services such as front-end engineering and design work Total
   financed amount: $98,000,000
   Required NAC Review: Yes
   Required Public Notice and Comment: No Required Decision: Approval Deal Team: Jones/Cohen/Pasricha
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt
   and Director Bachus voted in favor of this Transaction.
    
6. GLOBAL INFRASTRUCTURE DIVISION
   Country: Iraq – AP089523XX
   Borrower/PSOR: Ministry of Finance of the Republic of Iraq End-User: Ministry of
   Electricity of the Republic of Iraq Exporter/Supplier: Stellar Energy Americas, Inc.
   Product: Engineering, Procurement, and Construction services
   Total Financed Amount: $297,217,967
   Required Decision: Approval Deal Team: Murrell/Yoo Murrell/S.Lee
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt
   and Director Bachus voted in favor of this Transaction.