To: TXCO Resources, Inc.Lower Call Option Transaction • April 7th, 2008 • TXCO Resources Inc • Crude petroleum & natural gas • New York
The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Capital Ventures International (“Party A”) and TXCO Resources, Inc. (“Party B”) on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.
To: TXCO Resources, Inc.Lower Call Option Transaction • February 29th, 2008 • TXCO Resources Inc • Crude petroleum & natural gas
This Confirmation evidences a complete and binding agreement between Party A and Party B as to the terms of the Transaction to which this Confirmation relates. The parties may agree to negotiate an agreement in the form of the ISDA Form. Until any such time, this Confirmation, together with all other documents referring to the ISDA Form (each a “Confirmation”) confirming Transactions entered into between us (notwithstanding anything to the contrary in a Confirmation), shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Form as if we had executed an agreement in such form (but without any election in the Schedule) on the Trade Date of the first such Transaction between us. This Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Party A and Party B had executed an agreement in such form (without any Schedule but with the elections set forth in this Confirmation, it bein
To: TXCO Resources, Inc. San Antonio, TX 78258 Attention: James E. Sigmon, President From: Capital Ventures International By: Heights Capital Management, Inc., Its Authorized Agent San Francisco, CA 94111 Attention: Martin KobingerLower Call Option Transaction • November 21st, 2007 • TXCO Resources Inc • Crude petroleum & natural gas • New York
The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Capital Ventures International (“Party A”) and TXCO Resources, Inc. (“Party B”) on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.
