Document:

Exhibit 10.15

             

            
            FIRST AMENDMENT TO

            
            AMENDED AND RESTATED

            
            EMPLOYMENT AGREEMENT

             

             

            
            THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT
            AGREEMENT (“Amendment”) is made and entered into
            as of the 2nd day of May, 2008, by and between THE PANTRY, INC., a Delaware
            corporation (the “Corporation”) and KEITH S. BELL (the
            “Employee”).

             

            
            WITNESSETH:

             

            
            WHEREAS, the Corporation and Employee
            entered into an Amended and Restated Employment Agreement dated as of November 20, 2007
            (the “Employment Agreement”); and

             

            
            WHEREAS, the parties desire to clarify
            their intent regarding severance pay and benefits under circumstances described in
            Section 6.2 of the Employment Agreement and desire to amend the Employment Agreement in
            certain other respects as set forth below.

             

            
            NOW, THEREFORE, in consideration of the
            mutual terms and conditions set forth below and other good and valuable consideration,
            the receipt and sufficiency of which are hereby acknowledged, the Corporation and
            Employee agree that the Employment Agreement shall be amended as follows:

             

            
                	
                            
                             

                        	
                            
                            1.

                        	
                            
                            The first sentence of Section 3 is hereby amended to
                            read as follows:

                        

            

             

            
            3.         The
            original term of employment under this Agreement shall be for that period of time
            commencing on September 5, 2006 and ending on January 2, 2009, subject to the following
            provisions:

            
             

            
            2.         The
            first sentence of Section 5.1(A) is deleted and the following inserted in lieu
            thereof:

             

            
            Employee shall not, either individually or on behalf of another,
            directly or indirectly, as employer, employee, owner, partner, stockholder, independent
            contractor, agent, or otherwise, enter into or in any manner participate in the
            convenience store business in North Carolina, South Carolina, Florida, or any other
            state in which the Corporation owns or operates ten (10) or more convenience stores
            upon the date of termination of employment.

            
             

            
                	
                            
                             

                        	
                            
                            3.

                        	
                            
                            Section 6.2(B) is hereby amended to read as
                            follows:

                        

            

             

            
            (B)       a
            material diminution by the Corporation of Employee’s annual base salary and
            target bonus, as such target bonus is described in the Corporation’s Annual
            Incentive Compensation Plan (“Target Bonus);

             

            
            

            

            

            
            

            
                	
                            
                             

                        	
                            
                            4.

                        	
                            
                            The first phrase of Section 6.3(B) is hereby amended to
                            read as follows:

                        

            

             

            
            (B)       a
            severance payment equal to Employee’s then current monthly salary for twenty-four
            (24) months plus an amount equal to two (2) times the value of Employee’s Target
            Bonus for the year in which the termination occurs (less any applicable taxes and
            withholdings), payable in substantially equal monthly installments on the last business
            day of each applicable month.

            
             

            
            5.         Except
            as hereby amended, the Employment Agreement shall remain in full force and effect and
            is hereby ratified and confirmed in all respects.

             

            
            IN WITNESS WHEREOF, this Amendment has been
            duly executed as of the day and year set forth above.

            
             

            
             

            
                	
                            
                             

                        	
                            
                             

                        	
                            
                            THE PANTRY, INC.

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                            By:

                        	
                            
                            /s/ Peter J. Sodini

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                            Peter J. Sodini

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                            President & CEO

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                            EMPLOYEE:

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                            /s/ Keith S. Bell

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                            Keith S. Bell

                        

            

            
             

            
             

            
             

             

             

             

            
            2Exhibit 10.16

             

            
            FIRST AMENDMENT TO

            
            AMENDED AND RESTATED

            
            EMPLOYMENT AGREEMENT

             

             

            
            THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT
            AGREEMENT (“Amendment”) is made and entered into
            as of the 2nd day of May, 2008, by and between THE PANTRY, INC., a Delaware
            corporation (the “Corporation”) and STEVEN J. FERREIRA (the
            “Employee”).

             

            
            WITNESSETH:

             

            
            WHEREAS, the Corporation and Employee
            entered into an Amended and Restated Employment Agreement dated as of November 20, 2007
            (the “Employment Agreement”); and

             

            
            WHEREAS, the parties desire to clarify
            their intent regarding severance pay and benefits under circumstances described in
            Section 6.2 of the Employment Agreement and desire to amend the Employment Agreement in
            certain other respects as set forth below.

             

            
            NOW, THEREFORE, in consideration of the
            mutual terms and conditions set forth below and other good and valuable consideration,
            the receipt and sufficiency of which are hereby acknowledged, the Corporation and
            Employee agree that the Employment Agreement shall be amended as follows:

             

            
            1.         Section
            1 is hereby amended to change Employee’s title to Senior Vice President, Business
            Development.

             

            
                	
                            
                             

                        	
                            
                            2.

                        	
                            
                            The first sentence of Section 3 is hereby amended to
                            read as follows:

                        

            

             

            
            3.         The
            original term of employment under this Agreement shall be for that period of time
            commencing on the Effective Date and ending on January 2, 2009, subject to the
            following provisions:

            
             

            
                	
                            
                             

                        	
                            
                            3.

                        	
                            
                            Section 6.2(B) is hereby amended to read as
                            follows:

                        

            

             

            
            (B)       a
            material diminution by the Corporation of Employee’s annual base salary and
            target bonus, as such target bonus is described in the Corporation’s Annual
            Incentive Compensation Plan (“Target Bonus);

            
             

            
                	
                            
                             

                        	
                            
                            4.

                        	
                            
                            The first phrase of Section 6.3(B) is hereby amended to
                            read as follows:

                        

            

             

            
            (B)       a
            severance payment equal to Employee’s then current monthly salary for twenty-four
            (24) months plus an amount equal to two (2) times the value of Employee’s Target
            Bonus for the year in which the termination occurs (less any applicable taxes and
            withholdings), payable in substantially equal monthly installments on the last business
            day of each applicable month.

             

            
            

            

            

            
            

            
             

            
            5.         Except
            as hereby amended, the Employment Agreement shall remain in full force and effect and
            is hereby ratified and confirmed in all respects.

            
             

            
            IN WITNESS WHEREOF, this Amendment has been
            duly executed as of the day and year set forth above.

            
             

            
             

            
                	
                            
                             

                        	
                            
                             

                        	
                            
                            THE PANTRY, INC.

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                            By:

                        	
                            
                            /s/ Peter J. Sodini

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                            Peter J. Sodini

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                            President & CEO

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                            EMPLOYEE:

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                            /s/ Steven J. Ferreira

                        
	
                            
                             

                        	
                            
                             

                        	
                            
                             

                        	
                            
                            Steven J. Ferreira

                        

            

            
             

            
             

             

             

             

            
            2

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