Letter Agreement Between Constar, Inc. and Pepsi-Cola Company Regarding 2002 Resin Supply

Summary

Constar, Inc. and Pepsi-Cola Company entered into a formal agreement for the supply of resin for the year 2002. The agreement outlines the terms based on recent projections and discussions between the parties. Both companies have signed the agreement, confirming their commitment to the outlined terms. The agreement is confidential, and final details are to be confirmed the following week. The key obligation is for Constar to supply resin to Pepsi-Cola as per the agreed projections for 2002.

EX-10.17 15 dex1017.htm LETTER AGREEMENT FOR CONSTAR, INC AND PEPSI-COLA Prepared by R.R. Donnelley Financial -- Letter Agreement for Constar, Inc and Pepsi-Cola

Confidential treatment has been requested by Constar International Inc. pursuant to Rule 406. All non-public information has been filed with the Securities and Exchange Commission.

Exhibit 10.17

CONFIDENTIAL

December 17, 2001

Mitch Adamek

1 Pepsi Way

Somers, NY 10589-2201

Dear Mitch:

Pursuant to our last discussion [***] Constar has now engaged in formal [***] for the year 2002. [***] associated with the latest projection we received from Cathy Lesko. To formalize this agreement I have attached a signature page for both of us to sign and exchange copies.

Hopefully, you can appreciate the [***] by which we pursued [***] this year. It was certainly [***] made [***] process more effective.

Finally, we are finalizing the [***] and should have that completed next week. Based on our agreement, [***]. I will touch base with you next week to make sure we are in agreement with the final number.

Sincerely,

/s/ Michael J. Hoffman

Michael J. Hoffman

[***]

Confidential treatment requested

Pepsi Resin Agreement — 2002		1

CONFIDENTIAL		12/19/2001

AGREEMENT ACCEPTANCE FORM

The undersigned are duly authorized to execute this Agreement on behalf of CONSTAR and Pepsi.

CONSTAR, Inc.		Pepsi-Cola Company

Signature:	/s/ Michael J. Hoffman	Signature:	Mitch Adamek
Print Name:	Michael J. Hoffman	Print Name:	Mitch Adamek
Title:	President	Title:	V.P. Global Procurement
Date:	12/17/01	Date:	1/10/02

Pepsi Resin Agreement — 2002		2

CONFIDENTIAL		12/19/2001