April 26, 2007 Valero Energy Corporation One Valero Way San Antonio, Texas 78249-1616 Ladies and Gentlemen: The purpose of this letter agreement is to confirm the terms and conditions of the Transaction (the “Transaction”) entered into between J.P....Confirmation Agreement • April 30th, 2007 • Valero Energy Corp/Tx • Petroleum refining • Delaware
This Confirmation evidences a complete and binding agreement between the Seller and the Purchaser as to the terms of the Transaction to which this Confirmation relates. This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if the Seller and the Purchaser had executed an agreement in such form (but without any Schedule except for the election of the laws of the State of New York as the governing law) on the Trade Date. In the event of any inconsistency between provisions of that Agreement and this Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates. The parties hereby agree that no Transaction other than the Transaction to which this Confirmation relates shall be governed by the Agreement.
