Document:

<PAGE>

                                                                     Exhibit 4.1

                         AMENDMENT NO. 8, CONSENT, WAIVER AND AGREEMENT dated as
                    of December 18, 2003 (this "Amendment"), to the Credit
                    Agreement dated as of January 23, 1998, as amended by
                    Amendment No. 1 dated as of August 12, 1998, Amendment No. 2
                    and Waiver dated as of November 30, 1998, Amendment No. 3
                    dated as of June 30, 1999, Amendment No. 4 dated as of June
                    29, 2000, Amendment No. 5 and Agreement dated as of January
                    26, 2001, Amendment No. 6, Consent and Waiver dated as of
                    August 10, 2001, and Amendment No. 7, Waiver and Agreement
                    dated as of November 21, 2002 (the "Credit Agreement"),
                    among EAGLE FAMILY FOODS, INC. (the "Borrower"), EAGLE
                    FAMILY FOODS HOLDINGS, INC. ("Holdings"), the Lenders (as
                    defined in the Credit Agreement), JPMORGAN CHASE BANK, as
                    administrative agent (in such capacity, the "Administrative
                    Agent") for the Lenders, as collateral agent (in such
                    capacity, the "Collateral Agent") for the Lenders, as
                    swingline lender (in such capacity, the "Swingline Lender"),
                    and as issuing bank (in such capacity, the "Issuing Bank"),
                    and MERRILL LYNCH CAPITAL CORPORATION, as documentation
                    agent.

          A. Pursuant to the Credit Agreement, the Lenders, the Swingline Lender
and the Issuing Bank have extended credit to the Borrower, and have agreed to
extend credit to the Borrower, in each case pursuant to the terms and subject to
the conditions set forth therein.

          B. The Borrower has informed the Administrative Agent that it intends
to sell substantially all the assets of its Cremora Non-Dairy Creamer business
(the "Non-Dairy Creamer Assets") in exchange for Net Proceeds of not less than
$11,500,000 in cash (the "Proposed Sale"), and to use the Net Proceeds of the
Proposed Sale to prepay Term Loans as required by, and in accordance with the
provisions of, Section 2.11(b) of the Credit Agreement (the "Mandatory
Prepayment").

          C. The Borrower and Holdings have requested that the Required Lenders
consent to the Proposed Sale and waive compliance by the Borrower and Holdings
with certain provisions of the Credit Agreement in connection with or as a
consequence thereof as set forth herein.

          D. The Required Lenders are willing to grant such consent and waiver
pursuant to the terms and subject to the conditions set forth herein.

          E. The Borrower, Holdings and the Required Lenders also desire to
amend the Credit Agreement as set forth herein.

<PAGE>

       F. Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Credit Agreement.

          Accordingly, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows:

          SECTION 1. Consent and Waiver. The Required Lenders hereby (a) consent
to the Proposed Sale and (b) waive compliance by the Borrower and Holdings with
the provisions of Section 6.05 of the Credit Agreement to the extent necessary
to consummate the Proposed Sale; provided, however, that (i) the date the
Proposed Sale is consummated (the "Sale Closing Date") shall be on or prior to
January 31, 2004, (ii) the Net Proceeds of the Proposed Sale shall be not less
than $11,500,000 in cash, and (iii) the Borrower shall promptly cause the
Mandatory Prepayment to occur.

          SECTION 2. Amendments. (a) The definition of the term "Consolidated
EBITDA" contained in Section 1.01 of the Credit Agreement is hereby amended by
deleting ", and" in the fifteenth line thereof and deleting the period in the
final line thereof and substituting in its place the following:`

     ", and (g) any fees and expenses associated with the sale by the Borrower
     of the Non-Dairy Creamer Assets, in an aggregate amount not to exceed
     $500,000."

          (b) Section 2.08(d) of the Credit Agreement is hereby amended by
deleting the amount "$45,000,000" contained therein and substituting therefor
the amount "$43,000,000" and by deleting the amount "$40,000,000" contained
therein and substituting therefor the amount "$38,000,000".

          (c) Section 6.14 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

               SECTION 6.14. Minimum EBITDA. Holdings and the Borrower will not
     permit Consolidated EBITDA for any period of four consecutive fiscal
     quarters ending on any date set forth below to be less than the amount set
     forth below opposite such date:

                       Date                                Amount
                       ----                                ------
                  January 3, 2004                       $22,000,000
                  April 3, 2004                         $21,000,000
                  July 3, 2004                          $20,000,000
                  October 2, 2004                       $19,000,000

               SECTION 3. Agreement. The Borrower hereby permanently reduces the
     Revolving Commitments by $2,000,000, effective on the Amendment Effective
     Date (as defined below), and the Required Lenders hereby waive any other
     notice of such

<PAGE>

     reduction. To the extent that, after giving effect to such reduction the
     aggregate Revolving Exposure would exceed the Revolving Commitments, the
     Borrower shall prepay Revolving Loans and/or Swingline Loans in an amount
     sufficient to eliminate such excess.

               SECTION 4. Representations and Warranties. Each of the Borrower
     and Holdings represents and warrants to each other party hereto that, after
     giving effect to this Amendment, (a) the representations and warranties set
     forth in Article III of the Credit Agreement are true and correct in all
     material respects on and as of the date hereof with the same effect as
     though made on and as of the date hereof, except to the extent such
     representations and warranties expressly relate to an earlier date, and (b)
     no Default or Event of Default has occurred and is continuing.

               SECTION 5. Conditions to Effectiveness. This Amendment shall
     become effective as of the date (the "Amendment Effective Date") that (a)
     the Proposed Sale and the Mandatory Prepayment shall have occurred and (b)
     the Administrative Agent shall have received (i) counterparts of this
     Amendment which, when taken together, bear the signatures of the Borrower,
     Holdings and the Required Lenders and (ii) reimbursement of all fees and
     expenses of the Administrative Agent for which invoices have been submitted
     to the Borrower.

               SECTION 6. Release of Collateral. Upon the effectiveness of this
     Amendment as provided above, the Required Lenders hereby authorize and
     direct the Collateral Agent to take any and all action as may be reasonably
     requested by the Borrower to evidence the release of the security interests
     of the Security Documents in the Non-Dairy Creamer Assets.

               SECTION 7. Effect of Amendment. Except as expressly set forth
     herein, this Amendment shall not by implication or otherwise limit, impair,
     constitute a waiver of, or otherwise affect the rights and remedies of the
     Lenders, the Swingline Lender, the Issuing Bank, the Collateral Agent or
     the Administrative Agent under the Credit Agreement or any other Loan
     Document, and shall not alter, modify, amend or in any way affect any of
     the terms, conditions, obligations, covenants or agreements contained in
     the Credit Agreement or any other Loan Document, all of which are ratified
     and affirmed in all respects and shall continue in full force and effect.
     Nothing herein shall be deemed to entitle the Borrower or Holdings to a
     consent to, or a waiver, amendment, modification or other change of, any of
     the terms, conditions, obligations, covenants or agreements contained in
     the Credit Agreement or any other Loan Document in similar or different
     circumstances. This Amendment shall apply and be effective only with
     respect to the provisions of the Credit Agreement specifically referred to
     herein.

               SECTION 8. Counterparts. This Amendment may be executed in any
     number of counterparts and by different parties hereto in separate
     counterparts, each of which when so executed and delivered shall be deemed
     an original, but all such counterparts together shall constitute but one
     and the same instrument. Delivery of any executed counterpart of a
     signature page of this Amendment by facsimile transmission shall be as
     effective as delivery of a manually executed counterpart hereof.

<PAGE>

               SECTION 9. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY,
     AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

               SECTION 10. Headings. The headings of this Amendment are for
     purposes of reference only and shall not limit or otherwise affect the
     meaning hereof.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                       EAGLE FAMILY FOODS, INC.,

                                       by:

                                                /s/ Michael P. Conti
                                       -----------------------------------------
                                       Name:        Michael P. Conti
                                       Title:       V.P. Finance

                                       EAGLE FAMILY FOODS HOLDINGS, INC.,

                                       by:

                                                /s/ Michael P. Conti
                                       -----------------------------------------
                                       Name:        Michael P. Conti
                                       Title:       V.P. Finance

                                       JPMORGAN CHASE BANK,
                                       individually and as Administrative Agent,
                                       Collateral Agent, Issuing Bank and
                                       Swingline Lender,

                                       by:

                                                /s/ Neil R. Boylan
                                       -----------------------------------------
                                       Name:        Neil R. Boylan
                                       Title:       Managing Director

<PAGE>

                                       ALLIANCE CAPITAL MANAGEMENT L.P., as
                                       Manager on behalf of ALLIANCE CAPITAL
                                       FUNDING, L.L.C., as Assignee
                                       BY: ALLIANCE CAPITAL MANAGEMENT
                                       CORPORATION, General Partner of Alliance
                                       Capital Management L.P.,

                                       by:
                                                /s/ Joel Serebransky
                                       -----------------------------------------
                                       Name:        Joel Serebransky
                                       Title:       Senior Vice President

                                       BANK OF HAWAII,

                                       by:
                                                /s/ Luke Yeir
                                       -----------------------------------------
                                       Name:        Luke Yeir
                                       Title:       Vice President

                                       BANK OF TOKYO-MITSUBISHI TRUST
                                       COMPANY,

                                       by:
                                                /s/ Michael L. Zion
                                       -----------------------------------------
                                       Name:        Michael L. Zion
                                       Title:       Vice President

                                       CENTURION CDO I, LIMITED
                                       BY: American Express Asset Management
                                       Group Inc. as Collateral Manager,

                                       by:
                                                /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:        Leanne Stavrakis
                                       Title:       Director- Operations

<PAGE>

                                       CENTURION CDO II, LTD
                                       BY: American Express Asset Management
                                       Group Inc. as Collateral Manager,

                                       by:
                                                /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:        Leanne Stavrakis
                                       Title:       Director-Operations

                                       SEQUILS--CENTURION V, LTD
                                       BY: American Express Asset Management
                                       Group Inc. as Collateral Manager,

                                       by:
                                                /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:        Leanne Stavrakis
                                       Title:       Director-Operations

                                       CENTURION CDO VI, LTD.
                                       BY: American Express Asset Management
                                       Group Inc. as Collateral Manager,

                                       by:
                                                /s/ Leanne Stavrakis
                                       -----------------------------------------
                                       Name:        Leanne Stavrakis
                                       Title:       Director-Operations

                                       EATON VANCE INSTITUTION SENIOR LOAN FUND,

                                       by:
                                                /s/ Payson F. Swaffield
                                       -----------------------------------------
                                       Name:        Payson F. Swaffield
                                       Title:       Vice President

                                       EATON VANCE SENIOR INCOME TRUST,

                                       by:
                                                /s/ Payson F. Swaffield
                                       -----------------------------------------
                                       Name:        Payson F. Swaffield
                                       Title:       Vice President

<PAGE>

                                       FLEET NATIONAL BANK,

                                       by:
                                                /s/ Thomas J. Maloney
                                       -----------------------------------------
                                       Name:        Thomas J. Maloney
                                       Title:       Fleet National Bank

                                       GRAYSON & CO
                                       BY: BOSTON MANAGEMENT AND
                                       RESEARCH AS INVESTMENT ADVISOR,

                                       by:
                                                 /s/ Payson F. Swaffield
                                       -----------------------------------------
                                       Name:         Payson F. Swaffield
                                       Title:        Vice President

                                       INDOSUEZ CAPITAL FUNDING IIA, LIMITED
                                       BY: Indosuez Capital as Portfolio Advisor

                                       by:
                                                 /s/ Paul O. Travers
                                       -----------------------------------------
                                       Name:         Paul O. Travers
                                       Title:        Managing Director

                                       HIGHLAND LOAN FUNDING V LTD.,
                                       By: Highland Capital Management L.P. as
                                       Collateral Manager,

                                       by:
                                                 /s/ Mark Okada
                                       -----------------------------------------
                                       Name:         Mark Okada
                                       Title:        Chief Investment Officer

                                       KZH ING-2 LLC,

                                       by:
                                                 /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:         Dorian Herrera
                                       Title:        Authorized Agent

<PAGE>

                                       KZH WATERSIDE LLC,

                                       by:
                                                 /s/ Dorian Herrera
                                       -----------------------------------------
                                       Name:         Dorian Herrera
                                       Title:        Authorized Agent

                                       LOAN FUNDING IV, LLC.,
                                       By: Highland Capital Management L.P. as
                                       Collateral Manager,
                                       by:
                                                 /s/ Mark Okada
                                       -----------------------------------------
                                       Name:         Mark Okada
                                       Title:        Chief Investment Officer

                                       MERRILL LYNCH CAPITAL PRODUCTS LLC,

                                       by:
                                                 /s/ Michael Lee
                                       -----------------------------------------
                                       Name:         Michael Lee
                                       Title:        Authorized Signatory

                                       MIZUHO CORPORATE BANK, LTD.

                                       by:
                                                 /s/ Noel P. Purcell
                                       -----------------------------------------
                                       Name:         Noel P. Purcell
                                       Title:        Senior Vice President

                                       NORTHWOOD CAPITAL , LIMITED
                                       BY: ANGELO, GORDON & CO., L.P.
                                           AS COLLATERAL MANAGER

                                       by:
                                                 /s/ John W. Fraser
                                       -----------------------------------------
                                       Name:         John W. Fraser
                                       Title:        Managing Director

<PAGE>

                                       NORTHWOOD CAPITAL II , LIMITED
                                       BY: ANGELO, GORDON & CO., L.P.
                                           AS COLLATERAL MANAGER

                                       by:
                                                 /s/ John W. Fraser
                                       -----------------------------------------
                                       Name:         John W. Fraser
                                       Title:        Managing Director

                                       NORTHWOOD CAPITAL III , LIMITED
                                       BY: ANGELO, GORDON & CO., L.P.
                                           AS COLLATERAL MANAGER

                                       by:
                                                 /s/ John W. Fraser
                                       -----------------------------------------
                                       Name:         John W. Fraser
                                       Title:        Managing Director

                                       RESTORATION FUNDING CLO, LTD.,
                                       By: Highland Capital Management L.P. as
                                       Collateral Manager,
                                       by:
                                                 /s/ Mark Okada
                                       -----------------------------------------
                                       Name:         Mark Okada
                                       Title:        Chief Investment Officer

                                       SENIOR DEBT PORTFOLIO
                                       BY: BOSTON MANAGEMENT AND
                                       RESEARCH AS INVESTMENT ADVISOR,

                                       by:
                                                 /s/ Payson F. Swaffield
                                       ---------------------------------------
                                       Name:         Payson F. Swaffield
                                       Title:        Vice PresidentAmended and Restated Inergy Unit Purchase Plan

  
 Exhibit 10.1

  
 INERGY EMPLOYEE UNIT PURCHASE PLAN 
 (AS AMENDED AND RESTATED) 
  
 SECTION 1 
 INTRODUCTION 
  

	1.1	Establishment. INERGY HOLDINGS, LLC, a Delaware limited liability company (“Holdings”), originally established, effective June 1, 2001, the Inergy Employee Unit
Purchase Plan (the “Plan”) for certain employees of Holdings, Inergy GP, LLC, a Delaware limited liability company (the “General Partner”), Inergy, L.P., a Delaware limited partnership (the “Partnership”), and their
Affiliates (collectively “Inergy”). The Plan was subsequently amended and restated effective as of the Plan’s original effective date, June 1, 2001. The Plan was amended and restated for a second time to reflect its sponsorship by the
General Partner and, for a third time, to give Employees the ability to stop contributing to the Plan prior to an upcoming Purchase Period and still have all amounts contributed to such Employee’s notional account as of such date be applied
toward the purchase of Units. The Plan is hereby amended and restated for a fourth time to permit all employees of Inergy to participate in the Plan. 

  

	1.2	Purpose. The purpose of the Plan is to promote the interests of Inergy by encouraging all Inergy employees to acquire or increase their ownership of Units and to provide a
means whereby such individuals may develop a sense of proprietorship and personal involvement in the development and financial success of Inergy, and to encourage them to devote their best efforts to advance the interests of Inergy.

  
 SECTION 2 
 DEFINITIONS 
  

	2.1	In addition to the terms otherwise defined herein, the following terms shall have the meanings set forth below in this Section 2.1. 

  

	 	(a)	“1933 Act” means the Securities Act of 1933, as amended. 

  

	 	(b)	“1934 Act” means the Securities Exchange Act of 1934, as amended. 

  

	 	(c)	“Affiliates” means with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under
common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership
of voting securities, by contract or otherwise. 

  

	 	(d)	“Board” means the Board of Directors of the General Partner. 

  

	 	(e)	“Committee” means the compensation committee of the Board appointed to administer the Plan pursuant to Section 8. 

  

	 	(f)	“Compensation” shall mean an Employee’s cash-based salary or cash-based wages. 

  

	 	(g)	“Employee” means any individual who is an employee of Holdings, the General Partner or one of their Affiliates, but excluding any employee covered by a collective
bargaining agreement unless such bargaining agreement provides for his participation in the Plan. 

  

	 	(h)	“Fair Market Value” means the closing sales price of a Unit on the applicable date (or if there is no trading in the Units on such date, on the next preceding date on
which there was trading) as reported in The Wall Street Journal (or other reporting service approved by the Committee). In the event Units are not publicly traded at the time a determination of fair market value is required to be made hereunder, the
determination of fair market value shall be made in good faith by the Committee. 

  

	 	(i)	“Offering Period” means the period each calendar quarter (i) that begins on the date immediately following the last day of the immediately preceding Purchase Period and
ends on the first day of the immediately following Purchase Period and (ii) during which a percentage of an Employee’s Compensation is withheld and accumulated for the purchase of Units in the immediately upcoming Purchase Period.

  

	 	(j)	“Partnership Agreement” means the Amended and Restated Agreement of Limited Partnership of Inergy, L.P., as amended from time to time. 

  

	 	(k)	“Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, governmental agency
or political subdivision thereof or other entity. 

  

	 	(l)	“Purchase Period” means the 10-day period following the end of each calendar quarter; provided, however, the Purchase Period shall include such other periods, if any, as
may be designated by the Committee from time to time. 

  

	 	(m)	“Rule 16b-3” means Rule 16b-3 promulgated under the 1934 Act. 

  

	 	(n)	“Unit” means a Common Unit of the Partnership. 

  

	2.2	Gender and Number. Except when otherwise indicated by the context, the masculine gender shall also include the feminine gender, and the definition of any term herein in the
singular shall also include the plural. 

  
 SECTION 3

 ELIGIBILITY 
  

	3.1	Eligibility and Plan Entry Date. All Employees shall be eligible to participate in the Plan. An Employee is eligible to enter the Plan beginning on the first day of the month
following thirty (30) days after such individual’s employment commencement date. 

  

	3.2	Prior Service Credit. The Committee, in its discretion, may grant prior service credit to individuals that become Employees pursuant to a corporate merger or acquisition.

  

 2 

 SECTION 4 
 UNITS AVAILABLE UNDER PLAN 
  

	4.1	Unless otherwise increased by the Board, the maximum number of Units that may be purchased for Employees under this Plan is 50,000. Units to be delivered under the Plan may be Units
acquired by Inergy in the open market, Units already owned by Inergy, Units acquired by Inergy from any other person, or any combination of the foregoing. Upon an Employee’s termination of employment with Inergy, all amounts then credited to
the Employee’s notional account under the Plan, if any, shall be paid to the terminated Employee as soon as practicable. In the event that any change is made to the Units deliverable under the Plan, the Committee may make appropriate
adjustments in the maximum number of Units deliverable under the Plan. The adjustments determined by the Committee shall be final, binding and conclusive. 

  
 SECTION 5 
 PURCHASE OF UNITS 
  

	5.1	Employee Withholding Elections. The Committee shall provide an Employee with the ability to purchase Units under this Plan in accordance with the following terms and
conditions: 

  

	 	(a)	Effective as of the beginning of any month, an Employee may elect to have Inergy withhold from the Employee’s Compensation each future pay period, for the purchase of Units
hereunder, a designated percentage of the Employee’s Compensation (in whole percentages only, not to exceed 10%). An Employee may change (within the above limitations) or, subject to Section 5.1(f), stop his withholding election at any time;
however, only two such changes may be made during any calendar year. All Employee elections and any changes to an election shall be in such written form as the Committee or its delegate may establish from time to time. 

  

	 	(b)	Each withholding election made by an Employee hereunder shall be an ongoing election until the earlier of the date changed by the Employee or the date the Employee ceases to be
eligible to participate in the Plan. 

  

	 	(c)	Inergy shall maintain for each electing Employee a separate notional or ledger account reflecting the aggregate amount of the Employee’s Compensation that has been withheld and
not yet applied to the purchase of Units for such Employee. Amounts withheld by Inergy shall not be segregated from Inergy’s general assets and shall not bear interest. 

  

	 	(d)	During each Purchase Period, Inergy shall use, to the fullest extent practicable, all amounts then credited to the notional accounts of the electing Employees to purchase Units for
such Employees. Purchases of Units may be made at any time or times during the Purchase Period on any securities exchange on which the Units are then traded, in the over-the-counter market and/or in negotiated transactions as the Committee shall
determine. 

  

 3 

	 	(e)	Upon an Employee’s termination of employment with Inergy, all amounts then credited to the Employee’s notional account under the Plan, if any, shall be paid to the
terminated Employee as soon as reasonably practicable. 

  

	 	(f)	Subject to the limitation provided above in Section 5.1(a), an Employee may elect to cease contributing to the Plan. Provided an Employee submits his or her election to stop
withholding prior to the five business day period before the beginning of an immediately upcoming Purchase Period, the Employee may elect to cease contributing to the Plan and either (i) have all amounts then credited to such Employee’s
notional account returned to the Employee as soon as administratively practicable, or (ii) alternatively, have all amounts then credited to such Employee’s notional account applied toward the purchase of Units in the immediately upcoming
Purchase Period. Unless otherwise administratively feasible, to the extent an Employee submits his or her election to stop withholding within the five business day period before the beginning of the immediately upcoming Purchase Period, all amounts
credited to such Employee’s notional account will be applied toward the purchase of Units in the immediately following Purchase Period and the Employee’s election to stop withholding shall become effective as of the commencement of the
next following Offering Period. All requests to withdraw from the Plan submitted during a Purchase Period will become effective as of the commencement of the immediately following Offering Period. 

  

	5.2	Purchase of Units and Plan Expenses. During each Purchase Period and using funds withheld from the Employees’ Compensation pursuant to this Section 5, Inergy shall
purchase for the electing Employees the maximum number of Units (including fractional Units) that can be acquired (using the Unit’s Fair Market Value on the date of purchase) based on the sum of (i) amounts then credited to the electing
Employees’ notional accounts, and (ii) an amount, as determined from time to time by the Committee, not to exceed 10% of the amount then credited to the electing Employees’ notional accounts. Inergy shall pay, other than from the notional
accounts, all brokerage fees and other costs and expenses of the Plan. To the extent that Units are purchased on multiple days or at multiple times during a single Purchase Period, Inergy shall use the average of the Units’ Fair Market Value at
the times of purchase as the applicable Unit price upon which Units are allocated to the participating Employees. Notwithstanding that fractional Units may be allocated to an Employee’s account, an Employee who does not have at least one whole
Unit credited to his account at the beginning of a Purchase Period must have enough money credited to his notional account to purchase at least one whole Unit. To the extent an Employee does not have enough cash funds credited to his notional
account to purchase at least one whole Unit, all amounts credited to such Employee’s notional account will be held in a suspense account until such time as there are enough funds for the purchase of at least one whole Unit. 

  

	5.3	 Withholding of Taxes. To the extent that Inergy is required to withhold any taxes in connection with the purchase of Units, it will be a condition to the
ownership of such Units that the Employee make arrangements satisfactory to Inergy for the payment of 

  

 4 

	 	 
such taxes, which may include, but not be limited to, a reduction in the Employee’s notional account. 

  
 SECTION 6 
 RESTRICTIONS ON UNITS 
  

	6.1	Holding Period. Subject to the exception provided below under Section 6.2, all Units purchased under the Plan shall be subject to a holding period which shall expire on the
first anniversary of the date the Units were purchased under the Plan. During such holding period, each Employee shall be prohibited from pledging, transferring, selling or otherwise disposing of the restricted Units. Upon the expiration of the
holding period, the Employee may, if he or she desires, make a request to Inergy (or a designated third party Plan administrator, if any) to receive certificates for all of such unrestricted whole Units. Otherwise, such Units shall be held without
restriction (1) by Inergy or (2) in the name of the third party administrator (or its designee), if any, for the benefit of the Employee. 

  

	6.2	Holding Period Exception. Notwithstanding the holding period imposed above under Section 6.1 and subject to the conditions imposed pursuant to this Section 6.2, an Employee
will be permitted to pledge, transfer, sell or otherwise dispose of his or her restricted whole Units during the one year holding period (a “Restricted Transfer”) by notifying Inergy (or its designated third party Plan administrator) of
his or her intention to engage in a Restricted Transfer. If a Restricted Transfer occurs, the Employee shall be prohibited from participating in the Plan until the first Offering Period that begins after the first anniversary of the date of the
Restricted Transfer (the “Restricted Period”). During the Restricted Period, no amounts shall be withheld from the Employee’s Compensation. Such withholding shall not be allowed to resume, at the earliest, until the first pay period
in the Offering Period first commencing after the end of the Restricted Period. To the extent an Employee has amounts credited to his or her notional account under the Plan on the date of a Restricted Transfer, all such amounts will be returned to
the Participant. To the extent a Participant has a fractional Unit credited to his or her notional account under the Plan on the date of a Restricted Transfer, such fractional Unit will be liquidated and the Participant will receive his pro rata
portion of the proceeds from such liquidation. 

  

	6.3	Investment Representation. Unless the Units subject to purchase under the Plan have been registered under the 1933 Act and, in the case of any Employee who may be deemed an
affiliate (for securities law purposes) of Holdings, the General Partner or the Partnership, such Units have been registered under the 1933 Act for resale by such Participant or Inergy has determined that an exemption from registration is available,
Inergy may require prior to and as a condition of the delivery of any Units that the person purchasing such Units hereunder furnish Inergy with a written representation in a form prescribed by the Committee to the effect that such person is
acquiring such Units solely with a view to investment for his or her own account and not with a view to the resale or distribution of all or any part thereof, and that such person will not dispose of any of such Units otherwise than in accordance
with the provisions of Rule 144 under the 1933 Act unless and until either the Units are registered under the 1933 Act or Inergy is satisfied that an exemption from such registration is available. 

  

 5 

	6.4	Compliance with Securities Laws. Notwithstanding anything herein or in any other agreement to the contrary, Inergy shall not be obligated to sell or issue any Units to an
Employee under the Plan unless and until Inergy is satisfied that such sale or issuance complies with (i) all applicable requirements of the securities exchange on which the Units are traded (or the governing body of the principal market in which
such Units are traded, if such Units are not then listed on an exchange), (ii) all applicable provisions of the 1933 Act, and (iii) all other laws or regulations by which Inergy is bound or to which Inergy is subject. 

  
 SECTION 7 
 RIGHTS OF EMPLOYEES; PARTICIPANTS 
  

	7.1	Employment. This Plan does not confer upon any Employee any right with respect to continuance of employment or other service with Inergy, nor will it interfere in any way
with any right Inergy would otherwise have to terminate such Employee’s employment or other service at any time. 

  

	7.2	Nontransferability. No right to purchase Units granted under this Plan shall be assignable or transferable during the lifetime of any Employee either voluntarily or
involuntarily, or be subjected to any lien, directly or indirectly, by operation of law, or otherwise, including execution, levy, garnishment, attachment, pledge or bankruptcy. 

  

	7.3	Dividend Reinvestment. To the extent that Inergy has a dividend reinvestment plan available to Unit holders, Employees purchasing Units pursuant to this Plan shall be
eligible to participate in such dividend reinvestment plan in the same manner as other Unit holders. 

  
 SECTION 8 
 PLAN ADMINISTRATION 
  

	8.1	Authority of Committee. The Plan shall be administered by the Committee. Subject to the terms of the Plan and applicable law, and in addition to other express powers and
authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority to: (i) determine which persons are Employees who may participate; (ii) determine the number of Units to be purchased by an Employee; (iii)
determine the time and manner for purchasing Units; (iv) interpret, construe and administer the Plan; (v) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; (vi) make a determination as to the right of any person to receive Units under the Plan; (vii) correct any defect, supply any omission, or reconcile an inconsistency in the Plan; and (viii) make any other determinations
and take any other actions that the Committee deems necessary or desirable for the administration of the Plan. 

  

	8.2	 Determination Under the Plan. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under
or with respect to the Plan shall be within the sole discretion of the Committee, may be made at any time, and shall be final, conclusive, and binding upon all persons, including any Employee. No member of the Committee shall be liable for any
action, determination or interpretation made in good faith, and all members of the Committee shall, in addition to their rights as 

  

 6 

	 	 
directors, be fully protected by Inergy with respect to any such action, determination or interpretation. 

  
 SECTION 9 
 PLAN AMENDMENT, MODIFICATION AND TERMINATION 
  

	9.1	This Plan may be amended from time to time by the Committee. This Plan may be terminated at any time by the Committee and, unless Board approval is obtained for an increase in the
maximum number of available Units, shall automatically terminate when all Units authorized for purchase pursuant to the Plan have been purchased. On termination of the Plan, all amounts then remaining credited to the notional accounts of Employees
shall be returned to such Employees. 

  
 SECTION 10

 NONEXCLUSIVITY OF THE PLAN 
  

	10.1	The sponsorship of the Plan by the General Partner shall not be construed as creating any limitations on the power or authority of Inergy to adopt such other or additional incentive
or other compensation arrangements of whatever nature as Inergy may deem necessary or desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees,
non-employee directors, or consultants generally, or to any class or group of employees, directors, or consultants, which Inergy now has lawfully put into effect, including, without limitation, any retirement, pension, savings and stock purchase
plan, insurance, death and disability benefits and executive short-term incentive plans. 

  
 SECTION 11 
 REQUIREMENTS OF LAW 
  

	11.1	Requirements of Law. The issuance of Units pursuant to the Plan shall be subject to all applicable laws, rules and regulations. 

  

	11.2	Rule 16b-3. It is intended that any purchases by a person subject to Section 16 of the 1934 Act meet all of the requirements of Rule 16b-3. If any action or procedure would
otherwise not comply with Rule 16b-3, such action or procedure shall be modified, to the extent the Committee deems practicable, to conform to Rule 16b-3. 

  

	11.3	Governing Law. The validity, construction and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with applicable Federal
law, and to the extent not preempted thereby, with the laws of the State of Delaware, without regard to conflicts of laws principles. 

  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00060-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00060-of-00352.parquet"}]]