Imperial Oil Limited – Credit Agreements Watch

from 10-Q 2 pages As a Consequence of the Payment in Full of the Loan and the Note and Notwithstanding the Maturity Date of September 1, 2004 on the Loan and Note, Exxon Imperial U.S., Inc. Confirms That the Agreement Is Terminated Effective July 18, 2003. It Is Understood That Imperial Oil Limited Is Responsible for Its Prior Obligations Under the Agreement Pursuant to Clause 7.12 of the Agreement. if You Are in Agreement, Please Sign Below and Return to My Attention at the Above Noted Address. Yours Very Truly, /S/ John F. Kyle Acknowledged and Agreed To: Exxon Imperial U.S., Inc. By: /S/ William Embree William Embree Citigroup Global Markets Inc. as Manager Date: 7/15/03