EXPORT-IMPORT BANK OF THE UNITED STATES

                   SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                                                    JULY 20, 2007

ITEM NO 1

Country  UKRAINE - EX-Im Online Case/Transaction #:  410789

                  Transaction Type:  Guarantee / Medium-Term

Exporter(s):  CNH America LLC, Racine, WI

              Sloan Implement Company, Assumption, IL

              Titan Machinery Inc., Fargo, ND

Supplier(s):  Same as exporters

Products:  Used agricultural machinery

      Financed Amount:  $6,338,333

      Repayment Term:  5 years

      Credit Committee Decision:  APPROVED

      ITEM NO 2

Country  MEXICO - EX-Im Online Case/Transaction #:  403529

                  Transaction Type:  Guarantee / Medium-Term

Exporter/Supplier: Basil Equipment Inc., Westlake Village, CA

Products:  Used mining equipment

      Financed Amount:  $247,811

      Repayment Term:  3 years

      Credit Committee Decision:  APPROVED

ITEM NO 3

Country MOROCCO   AP082591XX

Request for FINAL COMMITMENT

Exporter       M & M REFRIGERATION INC, FEDERALSBURG MD

Supplier       M & M REFRIGERATION INC, FEDERALSBURG MD

Project Description REFRIGERATION EQUIPMENT

Product Description REFRIGERATION EQUIPMENT

Credit Committee Decision DENIED