Exhibit 10.1
 
SECOND AMENDMENT TO ADDENDUM TO
MARKETER FRANCHISE AGREEMENT

This Second Amendment to Addendum to Marketer Franchise Agreement (the “Second
Amendment”) is entered into on this 5th day of March, 2012, by and between CITGO
Petroleum Corporation (“CITGO”) and The Pantry, Inc. (the “Company”).

WHEREAS, CITGO and the Company have entered into a Marketer Franchise Agreement
on September 7, 2010 (the “MFA);

WHEREAS, CITGO and the Company have entered into an Addendum to the MFA on
September 7, 2010 and a First Amendment to Addendum to the MFA on April 6, 2011
(the “Addendum as Amended”);

WHEREAS, the Company has received offers from other suppliers to purchase motor
fuels; and therefore, has requested that CITGO sell Branded Gasoline on a
similar basis; and

WHEREAS, CITGO and the Company desire to amend the Exhibit A of the Addendum as
Amended to add terminals and adjust volumes.

NOW, THEREFORE in consideration of the premises and covenants contained herein,
it is agreed to amend the Addendum as Amended, as follows:

1.           Exhibit A of the Addendum as Amended is deleted in its entirety and
replaced as attached.

The effective date of this Second Amendment is January 1, 2012. Other than as
amended herein, all other provisions of the Addendum shall remain in full force
and effect.

IN WITNESS WHEREOF, this Second Amendment to the Addendum was executed on the
date above written.
 
 
CITGO PETROLEUM CORPOATION
 
THE PANTRY, INC.
     
/s/ Gustavo J. Velasquez
 
/s/ Edwin J. Holman
(Signature)
 
(Signature)
     
Gustavo J. Velasquez
 
Edwin J. Holman
(Printed Name)
 
(Printed Name)
         
Interim CEO
Vice President, Supply & Marketing
 
(Title)

_________________
[***]  Confidential treatment requested pursuant to a request for confidential
treatment filed with the Securities and Exchange Commission. Omitted portions
have been filed separately with the Commission.

 
 

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EXHIBIT A (Revision 2 effective 1/1/12)
[***]
(page 1 of 2)

   
Branded Gasoline
 
Unbranded Gasoline
 
Diesel
Terminal
 
Volume(1)
 
[***]
 
Volume (1)
 
[***]
 
Volume(1)
 
[***]
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
               
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
               
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
               
[***]
                 
[***]
 
[***]
[***]
 
[***]
 
[***]
 
[***]
 
[***]
       
[***]
         
[***]
 
[***]
       
[***]
 
[***]
 
[***]
         
[***]
 
[***]
[***]
 
[***]
 
[***]
         
[***]
 
[***]
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
         
[***]
 
[***]
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
         
[***]
 
[***]
 
[***]
 
[***]
[***]
                 
[***]
 
[***]
[***]
         
[***]
 
[***]
       
[***]
         
[***]
 
[***]
       
[***]
         
[***]
 
[***]
       
[***]
 
[***]
 
[***]
         
[***]
 
[***]
[***]
 
[***]
 
[***]
         
[***]
 
[***]
[***]
 
[***]
 
[***]
               
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
 
[***]
Total(2)
 
[***]
     
[***]
     
[***]
   

Notes:
(1)           Representatives from CITGO and the Company to meet periodically to
determine if terminal volumes should be increased or decreased per Section 7.
(2)           Total [***] to be equal to or greater than [***] amounts defined
in Section 7.
(3)           Terminals assumed to be CITGO owned unless otherwise indicated
above.

_________________
[***]  Confidential treatment requested pursuant to a request for confidential
treatment filed with the Securities and Exchange Commission. Omitted portions
have been filed separately with the Commission.

 
 

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EXHIBIT A (Revision 1 effective 1/1/12)
[***]
(page 2 of 2)

(4)           At [***] and CITGO’s [***] terminals, there will only be [***].
The volume listed above includes both [***] and [***].[***] will be provided at
the following terminals and amounts:

Terminal
 
Month
 
Amount
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]
[***]
 
[***]
 
[***]

_________________
[***]  Confidential treatment requested pursuant to a request for confidential
treatment filed with the Securities and Exchange Commission. Omitted portions
have been filed separately with the Commission.

 
 

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