Imperial Oil Limited (IMO) 10-Q 2003 Q2 Quarterly report

Imperial Oil Exhibit (4)

Imperial Oil Limited
111 St. Clair Avenue West
Toronto, Ontario
Canada M5W 1K3 John F. Kyle
Vice President and Treasurer Treasurer’s  Department
Tel:        (416) 968-4531
Fax:       (416) 968-5345

July 11, 2003

William Embree
Vice President
Exxon Imperial U.S., Inc.
450 Mamaroneck Avenue
Harrison, NY 10528

Re: Exxon Imperial U.S., Inc.
Imperial Term Loan Agreement

Dear Mr. Embree:

We refer to the $2,000,000,000.00 Term Loan Agreement (the “Agreement”) dated as of July 13, 1989, and subsequently amended, between the undersigned and Exxon Imperial U.S., Inc. Terms defined in the Agreement as used herein are therein defined.

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 EmbreeWilliam Embree Citigroup Global Markets Inc. as Manager
	Date:	7/15/03