Meeting Minutes

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF CLOSED BOARD OF DIRECTORS MEETING MINUTES
January 8, 2025

1. TRANSPORTATION DIVISION (DOMESTIC FINANCE – MMIA)
   Transaction No.: AP089530XX Country: United States
   Borrower: Amaero Advanced Materials and Manufacturing, Inc. Guarantor/PSOR: Amaero International Limited
   Exporter/End-User: Amaero Advanced Materials and Manufacturing, Inc.
   Supplier(s): Various suppliers
   Product: Purchase and installation of industrial metals processing equipment
   Total Financed Amount: $23,465,142
   Required NAC Review: No Congressional Notification Required: No
   Required Public Notice and Comment: No Required Decision: Approval
   Deal Team: Brooks/Staton
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt, and Director Bachus voted in favor of this Transaction.
2. ENTERPRISE RISK COMMITTEE
   Country Review – Country Limitations Schedule Cover Policy and Note Changes Review
   Review Required: None
   Decision Required: Approval
   Deal Team: Tinsley/Lambeth
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt, and
   Director Bachus voted in favor of this Plan and Agreement.
3. SILK WAY AIRLINES
   3a. TRANSPORTATION DIVISION (AIRCRAFT)
   Transaction No.: AP099540XX Country: Azerbaijan Borrower/Buyer/Lessor: SPC/Silk Way Development LLC, Baku, Azerbaijan Lessee/End-User: Silk Way West Airlines, Baku, Azerbaijan Guarantor/PSOR: Silk Way Development LLC, Baku, Azerbaijan Exporter/Supplier: The Boeing Company
   Guaranteed Lender: Banco Santander Product: Commercial Aircraft
   Total Financed Amount: $162,643,251 Required NAC Review: Yes Congressional Notification Required: Yes
   Required Public Notice and Comment: Yes Required Decision: Whether to refer to Congress Board Decision: Conlin/Golden/Fiore
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt, and Director Bachus voted in favor to notify Congress.
   
   3b. Transportation Division (Aircraft)
   Transaction No.: AP099540XA
   Country: Azerbaijan
   Borrower/Buyer/Lessor: SPC/Silk Way Development LLC, Baku, Azerbaijan Lessee/End-User: Silk Way West Airlines, Baku Azerbaijan
   Guarantor/PSOR: Silk Way Development LLC, Baku, Azerbaijan Exporter/Supplier: The Boeing Company
   Guarantee Lender: PEFCO
   Product: Commercial Aircraft
   Total Financed Amount: $176,584,101
   Required NAC Review: Yes
   Congressional Notification Required: Yes
   Required Public Notice and Comment: Yes
   Required Decision: Whether to refer to Congress
   Deal Team: Conlin/Golden/Fiore
   Board Decision: APPROVED. Chair Lewis, Vice Chair Pryor, Director Herrnstadt, and Director Bachus voted in favor to notify Congress.