ASSET SALE AGREEMENT among COASTAL EAGLE POINT OIL COMPANY as a Seller, COASTAL PIPELINE COMPANY as a Seller, EL PASO MERCHANT ENERGY – PETROLEUM COMPANY, as a Seller AND SUNOCO, INC. (R&M), as the Buyer Dated: December 22, 2003Asset Sale Agreement • January 28th, 2004 • Sunoco Inc • Petroleum refining • New York
THIS ASSET SALE AGREEMENT (the “Agreement”) is made and entered into as of this 22nd day of December, 2003 by and among COASTAL EAGLE POINT OIL COMPANY, a corporation organized and existing under the laws of Delaware (“CEPOC”), COASTAL PIPELINE COMPANY, a corporation organized and existing under the laws of Delaware (“CPC”), EL PASO MERCHANT ENERGY – PETROLEUM COMPANY, a corporation organized and existing under the laws of Delaware (“Employer”; each of CEPOC, CPC and Employer are referred to individually as a “Seller” and together as the “Sellers”) and SUNOCO, INC. (R&M), a corporation organized and existing under the laws of Pennsylvania (the “Buyer”). Each of the Sellers, on the one hand, and the Buyer, on the other, are referred to individually as a “Party” and collectively as the “Parties.”
