SET Announcements
Information Memorandum : ESSO
30 April 2008
(Agreement terminated at
business transfer)
- Condominium Unit Sublease
Agreement dated 1 February
2003. ETL agrees to sub-
lease EMCTL, as the lessee,
condominiums which ETL
leased from United Industry
Development Co., Ltd. and
Vibul Thani Tower Company
Limited.
- In addition, ETL also agrees
to sub-lease EMEPK
proportional rights of parking
spaces, which ETL leased
from United Industry
Development Co., Ltd. under
the Parking Spaces Sub-
Lease Agreement dated 8
May 1996
ExxonMobil Asia Sales of Goods Sales of Goods - Crude Oil, LPG, Products and
Pacific Pte. Ltd. 15,063 13,850 Feedstock, and Lube
("EMAPPL") Basestock Supply Agreement
(Subsidiary of Exxon dated 28 May 2001
Mobil Corporation Service Income Service Income - Paraxylene and Benzene
and 100% held 6 8 Concentrate Supply and
indirectly by Exxon Offtake Agreement dated 31
Mobil Corporation) Receivables Receivables August 1999
76 61 - Downstream Regional
Headquarters/Affiliate Master
Service Agreement - Asia
Pacific Region effective on 1
January 2005 among
EMAPPL, ETL, and others.
ExxonMobil Sales and Sales of Goods Sales of Goods Crude Oil, Products and
Supply LLC 3,100 0 Feedstock, and Supply
("EMS&S") Agreement dated 1 October
(Subsidiary of Exxon 2000
Mobil Corporation
and 100% held
indirectly by Exxon
Mobil Corporation)
Thai Airways Sales of Goods Sales of Goods Aviation Fuel Sales Agreement
International Public 8,001 7,442 dated 1 July 2007 between
Company Limited ExxonMobil Aviation
(Ministry of Finance International Asia Pacific
hold 51.03% stake) Business (a division of
ExxonMobil Asia Pacific Pte.
Ltd. ("EMAIA")) and Thai
Airways International Public
Company Limited
EMAIA agrees to sell the
aviation jet fuels, Jet A-1.
EMAIA assigned to ETL all
rights, benefits, liabilities and
obligations under this
agreement.
ExxonMobil Aviation Receivables Receivables Service agreement dated 1
International Limited 1,066 1,365 March 1999. EMA provides us
("EMA") with service related to account
(Subsidiary of Exxon receivables management.
Mobil Corporation Hence, account receivables
and 100% held incurred between us and our
indirectly by Exxon end clients are recorded
Mobil Corporation) between us and EMA instead.
PTT Public Company Sales of Goods Sales of Goods Transaction relates to our sales
Limited ("PTT") 408 11,306 of refined petroleum products
(Ministry of Finance to PTT. These transactions
hold 52.17% stake) Receivables occurred from time to time
1,677 without any written agreement
and might not occur again in
the future. The transaction
value was based on market
prices.
(2) Purchase of Goods and Receipt of Services
Related Party Related Party Name / Nature of Agreement
Transaction Transaction (Please refer to section
for the year for the year "Summary of Material
Related Company ending on 31 ending on 31 Contracts" and the Company's
December 2006 December 2007 effective prospectus for further
(Million Baht) (Million Baht) details)
ExxonMobil Asia Purchase of Purchase of - Crude Oil, LPG, Products and
Pacific Pte. Ltd. Goods Goods Feedstock, and Lube
("EMAPPL") 95,025 88,023 Basestock Supply Agreement
dated 28 May 2001
Payables Payables - Downstream Regional
6,997 6,267 Headquarters/Affiliate Master
Service Agreement Asia-
SG&A SG&A Pacific Region dated 1
561 594 January 2005
- Chemical Regional
Headquarters/Affiliate
Service Agreement dated 1
January 2003
ExxonMobil Sales and Purchase of Purchase of Crude Oil, Products and
Supply LLC Goods Goods Feedstock, and Supply
("EMS&S") 46,745 53,106 Agreement dated 1 October
2000
Payables Payables
1,689 1,736
Standard Tankers Purchase of Purchase of Inter Affiliate Marine
Bahamas Limited Goods Goods Transportation Services
("STB") 3,590 3,003 Agreement dated 1 October
(Subsidiary of Exxon 2000
Mobil Corporation
and 100% held Payables Payables
indirectly by Exxon 162 176
Mobil Corporation)
PTT Public Company Purchase of Purchase of - Sale of Natural Gas
Limited ("PTT") Goods Goods Agreement dated 29 June
723 892 2007
- Sale of Natural Gas
Agreement dated 27
February 1999
ExxonMobil Limited SG&A SG&A EML "Bangkok Business
("EML") 860 902 Support Center" Master Service
(Subsidiary of Exxon Agreement dated 1 February
Mobil Corporation Payables Payables 2003 among EML, ETL and
and is held 100% by 91 60 others (e.g., UIDC, IPEL)
ExxonMobil
International Holding Inc.
Thai Petroleum Purchase of Purchase of Throughput Agreement dated
Pipeline Co., Ltd. Goods Goods 17 May 1994
("THAPLINE") (ETL 516 571
hold 21%)
ExxonMobil Chemical Purchase of Purchase of - Sale Agreement dated 1
Asia Pacific Goods Goods January 1994. EMCAP agrees
("EMCAP") 369 1,453 to sell chemical product with
(Subsidiary of Exxon volume as and agreed from
Mobil Corporation SG&A SG&A time to time with reference
and 100% held 25 24 to market price
indirectly by Exxon - Due to EMCTL business
Mobil Corporation) transfer to ETL, agreement
has been revised to reflect us
and EMCAP to sell
petrochemical products
ExxonMobil Research SG&A SG&A Standard Research Agreement
and Engineering 165 236 dated January 1, 2000
Company ("EMRE")
Asia Pacific Payables Payables
("EMCAP") 15 18
(Subsidiary of Exxon
Mobil Corporation
and 100% held
directly by Exxon
Mobil Corporation)
Ancon Insurance SG&A SG&A - Insurance Policy dated 1
Company, Inc. 123 145 January 2008 for onshore
("Ancon") property
(Subsidiary of Exxon - Insurance Policy dated 1
Mobil Corporation January 2008 for third party
and 100% held liability
indirectly by Exxon - Insurance Policy dated 1
Mobil Corporation) January 2008 for marine
cargo
- Insurance Policy dated 1
January 2008 for Legal
liability arising from the
controlling businesses in
category 3 under the Oil Fuel
Controlling Act B.E. 2542
ExxonMobil Catalyst SG&A SG&A - EM-1000 Catalyst Lease
Technologies LLC 75 45 Agreement dated 1 August
("EMCT") 2003
(Subsidiary of Exxon Payables Payables - EM-4600 Catalyst Lease
Mobil Corporation 10 11 Agreement dated 1
and 100% held September 2003
indirectly by Exxon - EM-3200R Catalyst Lease
Mobil Corporation) Agreement dated 1
November 2003
ExxonMobil Global SG&A SG&A Master Service Agreement
Services Company 30 35 dated 1 January 2007
("EMGSC")
(Subsidiary of Exxon
Mobil Corporation
and 100% held
directly by Exxon
Mobil Corporation)
ExxonMobil Aviation SG&A SG&A EssoAir Service Agreement
International Limited 60 61 dated 9 September 1999
("EMA")
ExxonMobil Catalyst SG&A SG&A Service Agreement dated 15
Services Inc. 9 5 December 1995. EMCSI agrees
("EMCSI") to provide consulting services
(Subsidiary of Exxon as to the possible design of
Mobil Corporation catalyst to meet the
and 100% held requirement of ETL
directly by Exxon
Mobil Corporation)
Exxon Mobil SG&A SG&A - Petroleum Retail Products
Corporation 4 4 Trademark License
(Shareholder with Agreement dated 1 January
87.5% stale in our 1995
Company prior to - Trademark Cost Sharing
IPO) Agreement dated 1
December 1999
- Clearinghouse and Service
and Agency Agreement dated
1 January 1994, enter into
for the purpose of facilitating
the efficient settlement and
processing of transactions
between the participating
affiliates
United Industry SG&A SG&A - Land Lease Agreement (by
Development Co., 88 84 site) between UIDC (Lessor)
Ltd. ("UIDC") and ETL (Lessee) to use for
(Subsidiary of the constructing the service
Company which we stations
hold 49% stake) - Condominium Units Lease
Agreement dated May 8,
1996 to lease Esso Tower as
headquarter
Pacesetter SG&A SG&A - Land Lease Agreement
Enterprises Co., Ltd. 38 39 (Master Agreement and land
("PSE") lease by site agreement)
(Subsidiary of the dated 1 November 1991 to
Company which we use for constructing the
hold 33% direct service stations
stake as well as the
rest through UIDC)
(3) Loans or Financial Assistances provided to Related Companies
Related Party Related Party Name / Nature of Agreement
Transaction Transaction (Please refer to section
for the year for the year "Summary of Material
Related Company ending on 31 ending on 31 Contracts" and the Company's
December 2006 December 2007 effective prospectus for further
(Million Baht) (Million Baht) details)
Thai C-Center Co., Balance Balance Loan and Current Account
Ltd. deposited by deposited by Agreement dated December 1,
borrower borrower 1999 (Amended on November
458 594 15, 2002). We have a loan
commitment to TCC in the
Interest Interest maximum amount of Baht 500
expense expense million at the interest rate of
93 101 Minimum Loan Rate (MLR) as
announced by Bangkok Bank
Public
ExxonMobil Limited Loan balance Loan balance Loan and Current Account
("EML") 408 417 Agreement dated 30 September
2002 (as amended). We have a
Interest income Interest income loan commitment to EML, as the
26 30 borrower, in the maximum
amount of Baht 3,000 million at
the interest rate of Minimum
Loan Rate (MLR) as announced
by Bangkok Bank Public
Company Limited
ExxonMobil Chemical Balance Balance Loan and Current Account
(Thailand) Limited deposited by deposited by Agreement dated 2 March 1998
("EMCTL") borrower borrower (Amended on November 15,
129 0 2002). We have a loan
commitment to EMCTL in the
Interest Interest maximum amount of Baht 500
expense expense million at the interest rate of
11 19 Minimum Loan Rate (MLR) as
announced by Bangkok Bank
Interest income Interest income Public Company Limited.
2 0 Loan facility is terminated due
to EMCTL Entire Business
*Amount up to Transfer
August 31,
2007 which is
the date before
economic of
EMCTL business is
transferred to ETL
Industry Promotion Balance Balance Loan and Current Account
Enterprises Limited deposited by deposited by Agreement dated 2 March 1998
("IPEL") borrower borrower (as amended). We agree to
(Subsidiary of the 9 6 lend IPEL to draw down in the
Company which we maximum amount of Baht 500
hold 30% stake) Interest Interest million at the interest rate of
expense expense Minimum Loan Rate (MLR) as
1 1 announced by Bangkok Bank
Public Company Limited
United Industry Loan balance Loan balance Loan Agreement dated 23
Development Co., Ltd. 722 837 December 1994 (as amended).
("UIDC") We agrees to lend UIDC to
Interest income Interest income draw down in the maximum
49 54 amount of Baht 5,000 million at
the interest rate of Minimum
Loan Rate (MLR) as announced
(more)