Exhibit 10.1

AMENDMENT NO. 3 TO CREDIT AGREEMENT

This Amendment No. 3 to Credit Agreement, dated as of June 30, 2007 (this
“Agreement”), is among Susser Holdings, L.L.C., a Delaware limited liability
company, and Stripes LLC, a Texas limited liability company and successor by
merger to SSP Partners, as Borrowers, the financial institutions named herein,
as Banks, and Bank of America, N.A., as Administrative Agent for the Banks.

INTRODUCTION

Reference is made to the Credit Agreement dated as of December 21, 2005 (as
amended or modified from time to time, the “Credit Agreement”), among the
Borrowers, the Administrative Agent, and the Banks. The Borrowers have
requested, and the Administrative Agent and the Banks have agreed, to amend the
Credit Agreement to reflect the reorganization of the Borrowers’ corporate
structure, and to modify certain other terms in connection therewith as set
forth herein.

Therefore, in connection with the foregoing and for other good and valuable
consideration, the Borrower, the Administrative Agent, and the Banks hereby
agree as follows:

Section 1. Definitions; References. Unless otherwise defined in this Agreement,
each term used in this Agreement which is defined in the Credit Agreement has
the meaning assigned to such term in the Credit Agreement.

Section 2. Amendment to Credit Agreement.

(a) Section 1.1 of the Credit Agreement is hereby amended by replacing the
definition of “Subsidiary Borrower” with the following:

“Subsidiary Borrower” means Stripes LLC, a Texas limited liability company.

(b) Each of the following Sections of the Credit Agreement is hereby amended by
deleting each reference therein to “the Subsidiary Borrower” and replacing each
with a reference to “SSP Partners”: definition of “Existing Credit Agreement,”
definition of “SSP Financial Statements,” definition of “SSP Interim Financial
Statements,” Section 4.7(a), Section 4.7(b), and the first sentence (but not the
second sentence) of Section 4.7(c).

Section 3. Consent. The Banks hereby consent to the Reorganization (as defined
below). This consent is limited to the extent described herein and shall not be
construed to be a waiver of any other terms of the Credit Agreement or of the
Loan Documents. For purposes of this Agreement, “Reorganization” shall mean
(a) the contribution of Susser Petroleum Management Company LLC to SSP Partners,
the merger of Susser Petroleum Company LP into Susser Petroleum Management
Company LLC (with Susser Petroleum Management Company LLC being the survivor),
and Susser Petroleum Management Company LLC’s changing its name to Susser
Petroleum Company LLC and (b) the merger of SSP Partners, SSP Services, LP, SSP
Services Management Company, LLC, and SSP Holdings Limited Partnership into S
Interests Management Company LLC (with S Interests Management Company LLC being
the survivor) and S Interests Management Company LLC’s changing its name to
Stripes LLC.

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Section 4. Representations and Warranties. Each Borrower represents and warrants
that (a) the execution, delivery and performance of this Agreement are within
the corporate power and authority of such Borrower and have been duly authorized
by appropriate proceedings, (b) the Liens under the Security Documents are valid
and subsisting, (c) this Agreement constitutes a legal, valid, and binding
obligation of such Borrower enforceable in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the rights of creditors generally and general principles
of equity, (d) giving effect to this Agreement, no Default or Event of Default
is continuing, and (e) giving effect to this Agreement, all representations and
warranties set forth in the Credit Documents are true and correct in all
material respects as if made on the date hereof.

Section 5. Effect on Credit Documents; Ratification.

(a) Except as amended herein, the Credit Agreement and all other Credit
Documents remain in full force and effect as originally executed. Nothing herein
shall act as a waiver of the rights of the Administrative Agent or the Banks
under the Credit Documents as amended, including the waiver of any default or
event of default, however denominated. The Borrowers must continue to comply
with the terms of the Credit Documents, as amended. This Agreement is a Credit
Document for the purposes of the provisions of the other Credit Documents.
Without limiting the foregoing, any breach of representations, warranties, and
covenants under this Agreement may be a default or event of default under the
other Credit Documents.

(b) Stripes LLC, successor by merger to SSP Partners, as Subsidiary Borrower
hereby reaffirms, ratifies and confirms its obligations under each of the Credit
Documents to which it is a party and acknowledges that all terms and conditions
of the Credit Documents remain in full force and effect, and further
acknowledges that the security interest granted by the Subsidiary Borrower to
the Administrative Agent in the Collateral (as defined in the Security
Agreement) is valid and perfected and secures all of the Secured Obligations (as
defined in the Security Agreement), including the Revolving Loan Notes, Swing
Line Note, and Letter of Credit Documents.

Section 6. Effectiveness. This Agreement shall become effective as of the date
first written above and the Credit Documents shall be amended as provided for
herein when the parties hereto have executed this Agreement subject to the
conditions that the Reorganization shall have been consummated on or before such
date and that the Administrative Agent shall have received the following:
(a) duly and validly executed counterparts hereof signed by each Borrower, the
Administrative Agent, and the Majority Banks, (b) the letter agreement, dated of
even date herewith, duly and validly executed by each Guarantor, reaffirming the
Guaranties, and (c) the Certificate of Officer of each of Stripes LLC and Susser
Petroleum Company LLC, certifying each such Person’s existence and good standing
in its state of formation, qualification in all jurisdictions where it conducts
business, certificate of limited liability company, limited liability company
agreement, and resolutions.

 

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Section 7. Choice of Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE
AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE.

Section 8. Miscellaneous. The miscellaneous provisions set forth in Article VIII
of the Credit Agreement apply to this Agreement. This Agreement may be signed in
any number of counterparts, each of which shall be an original, and may be
executed and delivered by telecopier.

 

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THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

EXECUTED as of the date first written above.

 

BORROWERS: SUSSER HOLDINGS, L.L.C. By:  

/s/ E. V. Bonner, Jr.

  E.V. Bonner, Jr.   Executive Vice President STRIPES LLC By:  

/s/ E. V. Bonner, Jr.

  E.V. Bonner, Jr.   Executive Vice President PARENT GUARANTOR: STRIPES HOLDINGS
LLC By:  

/s/ E. V. Bonner, Jr.

  E.V. Bonner, Jr.   Executive Vice President SUSSER HOLDINGS CORPORATION By:  

/s/ E. V. Bonner, Jr.

  E.V. Bonner, Jr.   Executive Vice President

 

Signature Page to Third Amendment

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ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A., as Administrative Agent By:  

/s/ Suzanne M. Paul

Name:   Suzanne M. Paul Title:   Vice President

 

Signature Page to Third Amendment

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SYNDICATION AGENT: MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED, as Syndication Agent By:  

/s/ Stephanie Vallillo

Name:   Stephanie Vallillo Title:   Vice President

 

Signature Page to Third Amendment

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BANKS: BANK OF AMERICA, N.A. By:  

/s/ Gary Mingle

  Gary Mingle   Senior Vice President

 

Signature Page to Third Amendment

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MERRILL LYNCH CAPITAL CORPORATION By:  

/s/ Stephanie Vallillo

Name:   Stephanie Vallillo Title:   Vice President

 

Signature Page to Third Amendment

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REGIONS BANK By:  

/s/ Ron W. Pfeiffer

Name:   Ron W. Pfeiffer Title:   SVP

 

Signature Page to Third Amendment

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TEXAS STATE BANK By:  

/s/ Gary Wilson

Name:   Gary Wilson Title:   Executive Vice President

 

Signature Page to Third Amendment