Document:

Exhibit
10.2

 

Incentive
Stock Option Agreement

 

This
Incentive Stock Option Agreement (this “Agreement”) is made and entered into as of [DATE] by and between INmune Bio,
Inc., a Nevada corporation (the “Company”) and _____________ (the “Participant”).

 

Grant
Date: _____________________

 

Exercise
Price per Share: $______

 

Number
of Option Shares: _________________

 

Expiration
Date:____________________

 

1.
Grant of Option.

 

1.1
Grant; Type of Option. The Company hereby grants
to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company
equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to
the INmune Bio 2021Stock Incentive Plan (the “Plan”). The Option is intended to be an Incentive Stock Option within
the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an
Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock
with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all
plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the
order in which they were granted) shall be treated as Non-Qualified Stock Options.

 

1.2
Consideration; Subject to Plan. The grant of
the Option is made in consideration of the services to be rendered by the Participant to the Company and is subject to the terms and
conditions of the Plan. Capitalized terms used but not defined herein will have the meaning ascribed to them in the Plan.

 

2.
Exercise Period; Vesting.

 

2.1
Vesting Schedule.________________________percent
of the Option will vest 12 months from the Grant Date and thereafter the reaming unvested Option will become vested and exercisable ___________
until the Option is 100% vested which shall occur on the four-year anniversary of the Grant Date. The unvested portion of the Option
will not be exercisable on or after the Participant’s termination of Continuous Service.

 

2.2
Expiration. The Option will expire on the Expiration
Date set forth above, or earlier as provided in this Agreement or the Plan.

 

3.
Termination of Continuous Service.

 

3.1
Termination for Reasons Other Than Cause, Death, Disability.
If the Participant’s Continuous Service is terminated for any reason other than Cause, death or Disability, the Participant may
exercise the vested portion of the Option, but only within such period of time ending on the earlier of (a) the date three months following
the termination of the Participant’s Continuous Service or (b) the Expiration Date.

 

     

     

    

 

3.2
Termination for Cause. If the Participant’s
Continuous Service is terminated for Cause, the Option (whether vested or unvested) shall immediately terminate and cease to be exercisable.

 

3.3
Termination due to Disability. If the Participant’s
Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise the vested portion of the
Option, but only within such period of time ending on the earlier of (a) the date 12 months following the Participant’s termination
of Continuous Service or (b) the Expiration Date.

 

3.4
Termination due to Death. If the Participant’s
Continuous Service terminates as a result of the Participant’s death, the vested portion of the Option may be exercised by the
Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated
to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date 12 months
following the Participant’s death or (b) the Expiration Date.

 

4.
Manner of Exercise.

 

4.1
Election to Exercise. To exercise the Option,
the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator,
heir or legatee, as the case may be) must deliver to the Company a notice of intent to exercise in the manner that is reasonably acceptable
to the Committee.

 

If
someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company
verifying that such person has the legal right to exercise the Option.

 

4.2
Payment of Exercise Price. The entire Exercise
Price of the Option shall be payable in full at the time of exercise in the manner designated by the Committee.

 

4.3
Withholding. If the Company, in its discretion,
determines that it is obligated to withhold any tax in connection with the exercise of the Option, the Participant must make arrangements
satisfactory to the Company to pay or provide for any applicable federal, state and local withholding obligations of the Company. The
Participant may satisfy any federal, state or local tax withholding obligation relating to the exercise of the Option by any of the following
means or by a combination of such means:

 

(a)
tendering a cash payment;

 

(b)
authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to the Participant as a
result of the exercise of the Option; provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum
amount of tax required to be withheld by law; or

 

(c)
delivering to the Company previously owned and unencumbered shares of Common Stock.

 

The
Company has the right to withhold from any compensation paid to a Participant.

 

4.4
Issuance of Shares. Provided that the exercise
notice and payment are in form and substance satisfactory to the Company, the Company shall issue the shares of Common Stock registered
in the name of the Participant, the Participant’s authorized assignee, or the Participant’s legal representative which shall
be evidenced by stock certificates representing the shares with the appropriate legends affixed thereto, appropriate entry on the books
of the Company or of a duly authorized transfer agent, or other appropriate means as determined by the Company.

 

    2

     

    

 

5.
No Right to Continued Employment; No Rights as Shareholder.
Neither the Plan nor this Agreement shall confer upon the Participant any right to be retained in any position, as an Employee, Consultant
or Director of the Company. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company
to terminate the Participant’s Continuous Service at any time, with or without Cause. The Participant shall not have any rights
as a shareholder with respect to any shares of Common Stock subject to the Option unless and until certificates representing the shares
have been issued by the Company to the holder of such shares, or the shares have otherwise been recorded on the books of the Company
or of a duly authorized transfer agent as owned by such holder.

 

6.
Transferability.
The Option is not transferable by the Participant other than to a designated beneficiary upon the Participant’s death or by will
or the laws of descent and distribution, and is exercisable during the Participant’s lifetime only by him or her. No assignment
or transfer of the Option, or the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise (except
to a designated beneficiary upon death by will or the laws of descent or distribution) will vest in the assignee or transferee any interest
or right herein whatsoever, but immediately upon such assignment or transfer the Option will terminate and become of no further effect.

 

7.
Merger, Consolidation or Asset Sale. If the Company
is merged or consolidated with another entity or sells or otherwise disposes of substantially all of its assets to another company while
this Option remain outstanding under this Plan, unless provisions are made in connection with such transaction for the continuance of
this Plan and/or the assumption or substitution of such Option with new options or stock awards covering the stock of the successor company,
or parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices, then this Option, whether
or not vested or then exercisable, shall terminate immediately as of the effective date of any such merger, consolidation or sale.

 

8.
Adjustments.
The shares of Common Stock subject to the Option may be adjusted or terminated in any manner as contemplated by Section 3.3 of the Plan.

 

9.
Tax Liability and Withholding.
Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related
withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Participant’s
responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection
with the grant, vesting, or exercise of the Option or the subsequent sale of any shares acquired on exercise; and (b) does not commit
to structure the Option to reduce or eliminate the Participant’s liability for Tax-Related Items.

 

10.
Qualification as an Incentive Stock Option.
It is understood that this Option is intended to qualify as an incentive stock option as defined in Section 422 of the Code to the extent
permitted under Applicable Law. Accordingly, the Participant understands that in order to obtain the benefits of an incentive stock option,
no sale or other disposition may be made of shares for which incentive stock option treatment is desired within one (1) year following
the date of exercise of the Option or within two (2) years from the Grant Date. The Participant understands and agrees that the Company
shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service
for any reason determines that this Option does not qualify as an incentive stock option within the meaning of the Code.

 

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11.
Disqualifying Disposition.
If the Participant disposes of the shares of Common Stock prior to the expiration of either two (2) years from the Grant Date or one
(1) year from the date the shares are transferred to the Participant pursuant to the exercise of the Option (a “Disqualifying
Disposition”), the Participant shall notify the Company in writing within thirty (30) days after such disposition of the date
and terms of such disposition. The Participant also agrees to provide the Company with any information concerning any such dispositions
as the Company requires for tax purposes.

 

12.
Compliance with Law.
The exercise of the Option and the issuance and transfer of shares of Common Stock shall be subject to compliance by the Company and
the Participant with all applicable requirements of federal and state securities laws, regulatory agencies and any stock exchange on
which the Company’s shares of Common Stock may be listed. No shares of Common Stock shall be issued pursuant to this Option unless
and until any then applicable requirements of state or federal laws and regulatory agencies have been fully complied with to the satisfaction
of the Company and its counsel. The Participant understands that the Company is under no obligation to register the shares of Common
Stock with the Securities and Exchange Commission, any state securities commission or any stock exchange to effect such compliance.

 

13.
Notices.
Any notice required to be delivered to the Company under this Agreement shall be in writing and addressed to the Secretary of the Company
at the Company’s principal corporate offices. Any notice required to be delivered to the Participant under this Agreement shall
be in writing and addressed to the Participant at the Participant’s address as shown in the records of the Company. Either party
may designate another address in writing (or by such other method approved by the Company) from time to time.

 

14.
Governing Law.
This Agreement will be construed and interpreted in accordance with the laws of the State of Nevada without regard to conflict of law
principles.

 

15.
Interpretation.
Any dispute regarding the interpretation of this Agreement shall be submitted by the Participant or the Company to the Committee for
review. The resolution of such dispute by the Committee shall be final and binding on the Participant and the Company.

 

16.
Options Subject to Plan.
This Agreement is subject to the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may
be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained
herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

 

17.
Successors and Assigns.
The Company may assign any of its rights under this Agreement. This Agreement will be binding upon and inure to the benefit of the successors
and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Participant
and the Participant’s beneficiaries, executors, administrators and the person(s) to whom this Agreement may be transferred by will
or the laws of descent or distribution.

 

18.
Severability.
The invalidity or unenforceability of any provision of the Plan or this Agreement shall not affect the validity or enforceability of
any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable
to the extent permitted by law.

 

19.
Discretionary Nature of Plan.
The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the
Option in this Agreement does not create any contractual right or other right to receive any Options or other Awards in the future. Future
Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute
a change or impairment of the terms and conditions of the Participant’s employment with the Company.

 

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20.
Amendment.
The Committee has the right to amend, alter, suspend, discontinue or cancel the Option, prospectively or retroactively; provided,
that, no such amendment shall adversely affect the Participant’s material rights under this Agreement without the Participant’s
consent.

 

21.
No Impact on Other Benefits.
The value of the Participant’s Option is not part of his or her normal or expected compensation for purposes of calculating any
severance, retirement, welfare, insurance or similar employee benefit.

 

22.
Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one
and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable
document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document,
will have the same effect as physical delivery of the paper document bearing an original signature.

 

23.
Acceptance.
The Participant hereby acknowledges receipt of a copy of the Plan and this Agreement. The Participant has read and understands the terms
and provisions thereof, and accepts the Option subject to all of the terms and conditions of the Plan and this Agreement. The Participant
acknowledges that there may be adverse tax consequences upon exercise of the Option or disposition of the underlying shares and that
the Participant should consult a tax advisor prior to such exercise or disposition.

 

[signature
page follows]

 

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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

 

	 	INMUNE
    BIO, INC.
	 	 
	 	By	                                            
	 	Name:	 
	 	Title:	 
	 	 	 
	 	EMPLOYEEE
    
	 	 
	 	 
	 	Name:EX-10.1

 Exhibit 10.1 
  

			
	

	  	

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

Virginia 
 June 24, 2021 

 

	Borrower:	 GPM INVESTMENTS, LLC, a limited liability company organized under the laws of Delaware
(“GPM”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM SOUTHEAST, LLC, a limited liability company organized under the laws of Delaware (“GPM Southeast”), having its
chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM1, LLC, a limited liability company organized under the laws of Delaware (“GPM1”), having its chief executive office at 8565 Magellan Parkway,
Suite 400, Richmond, Virginia 23227; GPM2, LLC, a limited liability company organized under the laws of Delaware (“GPM2”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM3,
LLC, a limited liability company organized under the laws of Delaware (“GPM3”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM4, LLC, a limited liability company organized
under the laws of Delaware (“GPM4”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM5, LLC, a limited liability company organized under the laws of Delaware (“GPM5”),
having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM6, LLC, a limited liability company organized under the laws of Delaware (“GPM6”), having its chief executive office at 8565
Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM8, LLC, a limited liability company organized under the laws of Delaware (“GPM8”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia
23227; GPM9, LLC, a limited liability company organized under the laws of Delaware (“GPM9”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM RE, LLC, a limited liability
company organized under the laws of Delaware (“GPM RE”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; VILLAGE PANTRY, LLC, a limited liability company organized under the laws of
Indiana (“Village Pantry”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM APPLE, LLC, a limited liability company organized under the laws of Delaware (“GPM Apple”),
having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM MIDWEST, LLC, a limited liability company organized under the laws of Delaware (“GPM Midwest”), having its chief executive office
at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM MIDWEST 18, LLC, a limited liability company organized under the laws of Delaware (“GPM Midwest 18”), having its chief executive office at 8565 Magellan Parkway,
Suite 400, Richmond, Virginia 23227; WOC SOUTHEAST HOLDING CORP., a corporation organized under the laws of Delaware (“WOC Southeast”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227;
NEXT DOOR OPERATIONS, LLC, a limited liability company organized under the laws of Delaware (“Next Door”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; COLONIAL PANTRY HOLDINGS,
LLC, a limited liability company organized under the laws of Delaware (“Colonial Pantry”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; VILLAGE VARIETY STORE OPERATIONS, LLC, a
limited liability company organized under the laws of Delaware (“Village Variety”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; ADMIRAL PETROLEUM COMPANY, a corporation organized
under the laws of Michigan (“Admiral Petroleum”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; ADMIRAL PETROLEUM II, LLC, a limited liability company organized under the laws of
Delaware (“Admiral Petroleum II”), having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; MOUNTAIN EMPIRE OIL COMPANY, a corporation organized under the laws of Tennessee (“MEOC”),
having its chief executive office at 8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; GPM EMPIRE, LLC, a limited liability company organized under the laws of Delaware (“GPM Empire”), having its chief executive office at
8565 Magellan Parkway, Suite 400, Richmond, Virginia 23227; and FLORIDA CONVENIENCE STORES, LLC, a limited liability company organized under the laws of Delaware (“Florida Convenience”), having its chief executive office at 8565
Magellan Parkway, Suite 400, Richmond, Virginia 23227 (individually and collectively, jointly and severally, whether one or more in number and in any combination). 

 

	Bank: M&T	 BANK, a New York banking corporation with its chief executive office at One M&T Plaza, Buffalo, NY
14203. Attention: Office of General Counsel. 

 The Bank and the Borrower agree as follows: 

 

	1.	 DEFINITIONS. 

“Action” shall have the meaning specified in Section 2.f. hereof. 

“Approvals” shall mean the names specified in Section 2.b. hereof. 

 

  
 1 

 “Ares” shall mean Ares Capital Corporation, as administrative agent and collateral
agent under the Ares Credit Agreement. 
 “Ares Credit Agreement” shall mean that certain Credit Agreement, dated as of
February 28, 2020, together with all amendments, restatements and modifications thereto now and hereafter existing. 
 “Arko”
shall mean Arko Convenience Stores, LLC, a Delaware limited liability company. 
 “Collateral” shall mean, collectively,
(i) the real property and improvements thereon identified as the stores more particularly described on Exhibit “A” attached hereto and made a part hereof (the “Real Property Collateral”), and (ii) certain
specific equipment financed with the proceeds of the Equipment Loan as more particularly described in the Security Agreement (as hereinafter defined), as modified, amended and/or supplemented from time to time (the “Equipment Collateral”),
all as subject to certain liens and security interests conveyed under the Security Instruments. 
 “Deed of Trust” shall mean,
individually and collectively, those certain Deeds of Trust encumbering the Real Property Collateral identified as Stores 55, 57, 58, 92, 409 and 471 on the Exhibit “A” attached hereto and made a part hereof, as more particularly
described therein, granted by GPM to certain trustees as more particularly described therein for the benefit of Bank as security for the Loan, as modified or amended from time to time. 

“Equipment Loan” shall mean that certain revolving line of credit from Bank to Equipment Loan Borrower in the aggregate original
principal amount of up to Twenty Million and No/100 Dollars ($20,000,000.00), as further described in Section 9 hereinbelow. 

“Equipment Loan Borrower” shall mean, individually and collectively, jointly and severally, whether one or more in number and in any
combination, GPM, GPM1, GPM2, GPM3, GPM4, GPM5, GPM6, GPM Apple, GPM Midwest, GPM Midwest 18, GPM Southeast, WOC Southeast, Next Door, Village Pantry, Colonial Pantry, Village Variety, Admiral Petroleum, Admiral Petroleum II, MEOC, GPM Empire and
Florida Convenience. 
 “Equipment Release Period” shall mean (i) the twelve (12) month period commencing on the date
hereof and ending on the first (1st) anniversary of the date hereof, and (ii) each twelve (12) month period thereafter. 

“G.A.A.P.” shall mean, with respect to any date of determination, generally accepted accounting principles as used by the Financial
Accounting Standards Board and/or the American Institute of Certified Public Accountants consistently applied and maintained throughout the periods indicated. 

“Governmental Body” shall mean any nation or government, any state or other political subdivision thereof or any entity, authority,
agency, division or department exercising the legislative, judicial, regulatory or administrative functions of or pertaining to a government. 

“Indebtedness” of a Person at a particular date shall mean all obligations of such Person which in accordance with G.A.A.P. would be
classified upon a balance sheet as liabilities (except capital stock and surplus earned or otherwise) and in any event, without limitation by reason of enumeration, shall include all indebtedness, debt and other similar monetary obligations of such
Person whether direct or guaranteed, and all premiums, if any, due at the required prepayment dates of such indebtedness, and all indebtedness secured by a Lien on assets owned by such Person, whether or not such indebtedness actually shall have
been created, assumed or incurred by such Person. Any indebtedness of such Person resulting from the acquisition by such Person of any assets subject to any Lien shall be deemed, for the purposes hereof, to be the equivalent of the creation,
assumption and incurring of the indebtedness secured thereby, whether or not actually so created, assumed or incurred. 
 “Leases”
shall mean all leases, tenant contracts, rental agreements, franchise agreements, licenses, accounts or other occupancy agreements, whether oral or written, now existing or hereafter entered into, for the use or occupancy of all or any part of the
Collateral, together with all modifications, renewals and proceeds thereof. 
 “Loan” shall mean, individually and collectively,
any extension of credit from Bank to Borrower that is made subject to this Agreement and which incorporates this Agreement by reference in the Loan Documents evidencing, securing or otherwise executed in connection with such extension of credit,
including, without limitation, the Real Estate Loan and the Equipment Loan (and each Equipment Loan Advance thereunder) in the aggregate original principal amount of Fifty-Five Million and No/100 Dollars ($55,000,000.00). For the avoidance of doubt,
this Agreement constitutes the “Credit Agreement” referenced in any of the Loan Documents containing such reference.     

“Master Covenant Agreement” shall mean that certain Second Amended and Restated Master Covenant Agreement dated of even date herewith
between GPM and Bank, as modified, amended, renewed, restated or replaced from time to time. 
 “Material Adverse Effect” shall
mean a material adverse effect on (a) the condition (financial or otherwise), taken as a whole, of the Borrower and its Subsidiaries or the operations, assets, business, properties or prospects of the Borrower, (b) the Borrower’s
ability to duly and punctually pay or perform the Loan in accordance with the terms thereof, (c) the value of a material portion of any of the Collateral securing the Loan, or the Bank’s liens on a material portion of the Collateral
securing the Loan, or (d) the practical realization of the benefits of Bank’s rights and remedies under this Agreement and the other Transaction Documents. 

“Mortgage” shall mean, individually and collectively, those certain Mortgages and Assignments of Rents and Leases encumbering the
Real Property Collateral other than the Real Property Collateral encumbered by a Deed of Trust, granted by certain of the Borrower for the benefit of Bank as security for the Loan, as modified or amended from time to time. 

  
 2 

 “Obligations” shall mean the payment of (i) all sums due under the
Transaction Documents in connection with the Loan, (ii) all extensions, renewals, refinancings, modifications and replacements thereof, and all interest and related charges, and (iii) all fees, late fees, expenses and reasonable
attorneys’ fees and costs that have been or may hereafter be contracted or incurred in connection with the Loan, together with the performance of all of the terms, covenants, conditions, agreements, obligations and liabilities of Borrower under
this Agreement or the other Transaction Documents. 
 “Permitted Liens” shall have the meaning specified in Section 2.e.
hereof. 
 “Person” shall mean any individual, sole proprietorship, partnership, corporation, business trust, joint stock company,
trust, unincorporated organization, association, limited liability company, limited liability partnership, institution, public benefit corporation, joint venture, entity or Governmental Body (whether federal, state, county, city, municipal or
otherwise, including any instrumentality, division, agency, body or department thereof). 
 “PNC” shall mean PNC Bank, National
Association, as agent and lender under the PNC Credit Agreement. 
 “PNC Credit Agreement” shall mean that certain Third Amended,
Restated and Consolidated Revolving Credit and Security Agreement, dated as of February 28, 2020, together with all amendments, restatements and modifications thereto now and hereafter existing. 

“Real Estate Loan” shall mean that certain extension of credit from Bank to Borrower in the original principal amount of Thirty-Five
Million and No/100 Dollars ($35,000,000.00), as evidenced by that certain Second Amended, Restated and Consolidated Term Note dated of even date herewith made by Borrower payable to the order of Bank in the original principal amount of the Real
Estate Loan (as modified, amended, renewed, restated or replaced from time to time, the “Real Estate Note”). 
 “Real Estate
Loan Borrower” shall mean, individually and collectively, jointly and severally, whether one or more in number and in any combination, GPM, GPM1, GPM2, GPM3, GPM4, GPM5, GPM6, GPM8, GPM9, Village Pantry, and GPM RE. 

“Release Fee Amount” shall mean, in connection with any Partial Release, an amount equal to the greater of (a) seventy percent
(70%) of the most recent appraised value of such parcel of Real Property Collateral, as determined by Bank, or (b) the amount required for Borrower to maintain a one hundred percent (100%) loan-to-value ratio using (i) the aggregate value of all remaining Real Property Collateral, as determined by Bank, and (ii) the outstanding principal balance of the Loan (after giving effect to any
such curtailment). 
 “Security Agreement” shall mean that certain Amended, Restated and Consolidated Security Agreement dated of
even date executed by Equipment Loan Borrower, as debtor, in favor of Bank, as secured party, encumbering the Collateral, as modified, amended and/or supplemented from time to time. 

“Security Instruments” shall mean, collectively, the Mortgage, the Deed of Trust and the Security Agreement. 

“Subsidiary or Subsidiaries” shall mean any corporation or other business entity of which at least fifty percent (50%) of the voting
stock or other ownership interest is owned by the Borrower directly or indirectly through one or more Subsidiaries provided, however that GPM7, LLC and any Subsidiary which has no activities shall not be included as a Subsidiary. 

“Transaction Documents” or “Loan Documents” means this Agreement and all documents, instruments or other agreements by the
Borrower in favor of the Bank in connection (directly or indirectly) with any Loan, whether now or hereafter in existence, including promissory notes, security agreements, guaranties and letter of credit reimbursement agreements, and specifically
including, without limitation, the Real Estate Note, each Term Note (as hereinafter defined) and the Master Covenant Agreement. 
  

	2.	 REPRESENTATIONS AND WARRANTIES. The Borrower makes the following representations and warranties,
all of which shall be deemed to be continuing representations and warranties as long as this Agreement is in effect: 

  

	 	a.	 Good Standing; Authority. The Borrower and each Subsidiary is duly organized, validly existing and in
good standing under the laws of the jurisdiction in which it was formed. The Borrower and each Subsidiary is duly authorized to do business in each jurisdiction in which failure to be so qualified might have a material adverse effect on its business
or assets and has the power and authority to own each of its assets and to use them in the ordinary course of business now and in the future. 

  

	 	b.	 Compliance. The Borrower and each Subsidiary conducts its business and operations and the ownership of
its assets in material compliance with each applicable statute, regulation and other law, including environmental laws. All material approvals, including authorizations, permits, consents, franchises, licenses, registrations, filings, declarations,
reports and notices (the “Approvals”) necessary for the conduct of the Borrower’s and each Subsidiary’s business and for the Loan have been duly obtained and are in full force and effect. The Borrower and each Subsidiary is in
compliance with the Approvals. The Borrower and each Subsidiary is in material compliance with its certificate of incorporation, by-laws, partnership agreement, articles of organization, operating agreement or
other applicable organizational or governing document as may be applicable to the Borrower or a Subsidiary depending on its organizational structure (“Governing Documents”). To the Borrower’s knowledge, the Borrower and each
Subsidiary is in compliance with each agreement to which it is a party or by which it or any of its assets is bound and which, if not in effect, would have a Material Adverse Effect. 

 

	 	c.	 Legality. The execution, delivery and performance by the Borrower of this Agreement and all related
documents, including the Transaction Documents, (i) are in furtherance of the Borrower’s purposes and within its power and authority; (ii) do not (A) violate any statute, regulation or other law or any judgment, order or award of
any court, agency or other governmental authority or of any arbitrator with respect to the Borrower or any Subsidiary or (B) violate the Borrower’s or any Subsidiary’s Governing Documents, constitute a default under any agreement
binding on the Borrower or any Subsidiary or result in a lien or encumbrance on any of the Collateral securing the Loan; and (iii) have been duly authorized by all necessary organizational actions. 

  
 3 

	 	d.	 Fiscal Year. The fiscal year of the Borrower is the calendar year. 

 

	 	e.	 Title to Assets. The Borrower has good and marketable title the assets constituting Collateral for the
Loan free of security interests, mortgages or other liens or encumbrances, except as set forth on the Schedule 2.E. “Permitted Liens” or pursuant to the Bank’s prior written consent (the “Permitted Liens”).

  

	 	f.	 Judgments and Litigation. There is no pending or threatened claim, audit, investigation, action or other
legal proceeding or judgment, order or award of any court, agency or other governmental authority or arbitrator which involves the Borrower, its Subsidiaries or their respective assets that would have a Material Adverse Effect (“Action”).

  

	 	g.	 Full Disclosure. Neither this Agreement nor any certificate, financial statement or other writing
provided to the Bank by or on behalf of the Borrower or any Subsidiary contains any statement of fact that is incorrect or misleading in any material respect or omits to state any fact necessary to make any such statement not incorrect or misleading
in any material respect. The Borrower has not failed to disclose to the Bank any fact that might have a Material Adverse Effect. 

  

	 	h.	 Confession of Judgment. The Borrower is not a party to any note, guaranty, agreement or any other loan
document with another creditor that contains any provisions permitting such creditor to obtain a judgment by confession against the Borrower. 

  

	3.	 AFFIRMATIVE COVENANTS. So long as this Agreement is in effect, the Borrower shall:

  

	 	a.	 Financial Statements and Other Information. Promptly deliver to the Bank (i) within sixty
(60) days after the end of each of its fiscal quarters, an internally-prepared consolidating financial statement of GPM which shall include GPM Petroleum LP as of the end of such quarter, which financial statements shall consist of an income
statement and statement of cash flows for the quarter, for the corresponding quarter in the previous fiscal year and for the period from the end of the previous fiscal year, with a balance sheet as of the quarter end all in such detail as the Bank
may reasonably request, together with a store profit and loss statement for the properties owned and/or operated by the Borrower and encumbered by the Security Instruments; (ii) within one hundred twenty (120) days after the end of each
fiscal year, an audited consolidated financial statement of GPM which shall include GPM Petroleum LP as of the end of such fiscal year, setting forth comparative figures for the preceding fiscal year and to be audited by an independent certified
public accountant acceptable to the Bank; all such statements shall be certified by the Borrower’s chief financial officer or other such person responsible for the financial management of the Borrower to be correct and in accordance with the
Borrower’s records and to present fairly the results of GPM’s and GPM Petroleum LP’s fully consolidated operations and cash flows and their financial position at year end; and (iii) with each internal consolidated financial
statement, a certificate executed by the Borrower’s chief financial officer or other such person responsible for the financial management of the Borrower (A) setting forth the computations required to establish the Borrower’s
compliance with each financial covenant, if any, during the statement period, (B) stating that the signers of the certificate have reviewed this Agreement and the consolidated statement of operations and condition (financial or other) of the
Borrower the Subsidiaries during the relevant period and (C) stating that no Event of Default occurred during the period, or if an Event of Default did occur, describing its nature, the date(s) of its occurrence or period of existence and what
action the Borrower has taken with respect thereto. The Borrower shall also promptly provide, in form satisfactory to the Bank, such additional information, reports or other information as the Bank may from time to time reasonably request regarding
the financial and business affairs of the Borrower. 

  

	 	b.	 Accounting; Tax Returns and Payment of Claims. The Borrower will maintain a system of accounting in
accordance with generally accepted accounting principles, has filed and will file each material tax return required of it and, except as disclosed in the Schedule, has paid and will pay when due each tax, assessment, fee, charge, fine and penalty
imposed by any taxing authority upon it or any of its assets, income or franchises, as well as all amounts owed to mechanics, materialmen, landlords, suppliers and the like in the normal course of business, the failure to pay such which would
constitute a Material Adverse Effect. 

  

	 	c.	 Inspections. Promptly upon the Bank’s request, the Borrower will permit, and cause its Subsidiaries
to permit, the Bank’s officers, attorneys or other agents to inspect its and its Subsidiary’s premises, examine and copy its records and discuss its and its Subsidiary’s business, operations and financial or other condition with its
and its Subsidiary’s responsible officers and independent accountants. 

  

	 	d.	 Operating Accounts. Consider establishing depository bank accounts with the Bank, when reasonable to do
so. 

  

	 	e.	 Changes in Management and Control. Immediately upon any change in the identity of the Borrower’s
chief executive officer or in its 25% beneficial ownership, the Borrower will provide to the Bank a certificate executed by a senior officer authorized to transact business on behalf of the Borrower, specifying such change. 

 

	 	f.	 Notice of Defaults and Material Adverse Changes. Immediately upon acquiring reason to know of
(i) any Event of Default, (ii) any event or condition that might have a Material Adverse Effect, (iii) any Action, the Borrower will provide to the Bank a certificate executed by a senior officer authorized to transact business on
behalf of the Borrower, specifying the date(s) and nature of the Event of Default, event or condition or the Action and what steps the Borrower or its Subsidiary has taken or proposes to take with respect to it, or (iv) any change of its
address or of the location of any Collateral securing the Loan. 

  
 4 

	 	g.	 Insurance. Maintain its, and cause its Subsidiaries to maintain, property in good repair and will on
request provide the Bank with evidence of insurance coverage satisfactory to the Bank, including fire and hazard, liability, workers’ compensation and business interruption insurance and flood hazard insurance as and if required. In addition,
Borrower shall (i) maintain and (provide to Bank evidence of) environmental insurance coverage with respect to the Collateral, and (ii) comply with the insurance requirements set forth in the Security Instruments encumbering the Collateral
for the Loan, and the environmental insurance requirements set forth in the Amended, Restated and Consolidated Environmental Compliance and Indemnification Agreement of even date herewith, as modified or amended from time to time.

  

	 	h.	 Commitment Fee; Other Fees. On or before the date hereof, pay to the Bank a commitment fee in the amount
of $350,000.00 with respect to the Real Estate Loan and $200,000.00 with respect to the Equipment Loan. In addition, on or before the date hereof, Borrower shall pay to Bank a fee in the amount of the lesser of (i) Bank’s Cost of Funds
Breakage Costs for the existing indebtedness owing to Bank from the Real Estate Loan Borrower which is amended, restated and restructured pursuant to the Real Estate Note, or (ii) the contractual prepayment fee reflected in the loan documents
evidencing such existing indebtedness owing to Bank from the Real Estate Loan Borrower. As used herein, “Cost of Funds Breakage Costs” shall mean the economic cost to Bank for breaking a fixed rate loan, exclusive of any lost profits to
Bank relating to Bank’s credit spread. 

  

	 	i.	 Further Assurances. Promptly upon the request of the Bank, the Borrower will execute, and cause its
Subsidiaries to execute, and deliver each writing and take each other action that the Bank reasonably deems necessary or desirable in connection with the Loan. 

 

	 	j.	 Power to Confess Judgment. In the event that the Borrower enters into any note, guaranty, agreement or
other loan document with another creditor permitting such creditor to obtain a judgment by confession against the Borrower, the Borrower agrees to (a) notify the Bank immediately upon the execution of such document, and (b) within five
(5) business days, execute such documentation as the Bank deems necessary in its sole discretion to allow the Bank confession of judgment rights against the Borrower, including, without limitation, modifications or restatements of any note
evidencing the Loan. 

  

	 	k.	 Leases. Deliver copies of all Leases of any portion of the Collateral, if applicable, within thirty
(30) days of the execution thereof. 

  

	 	l.	 Equipment Collateral Releases. Bank agrees to release individual pieces of equipment constituting
the Equipment Collateral from the lien of the Security Agreement in the event of a sale of, or termination of Equipment Loan Borrower’s lease for, the underlying real property on which such Equipment Collateral is located (each, an
“Equipment Release”) upon satisfaction of the following conditions: (i) no Event of Default, and no event that, with the giving of notice or the passage of time or both would constitute an Event of Default, shall have occurred and be
continuing under the Transaction Documents; (ii) the cost to Bank of any such Equipment Release shall be borne by Equipment Loan Borrower, including the reasonable fees and costs of Bank’s counsel; (iii) Equipment Loan Borrower shall
have delivered to Bank at least five (5) days’ prior written notice of Equipment Loan Borrower’s request for such Equipment Release; (iv) Equipment Loan Borrower shall have provided satisfactory evidence to Bank of the pending
sale of, or termination of the lease for, the underlying real property on which such Equipment Collateral is located; and (v) in connection with such Equipment Release, Equipment Loan Borrower shall have repaid the principal amount outstanding
under each applicable Term Note evidencing the Equipment Loan Advance used to finance the acquisition of such Equipment Collateral in an amount equal to the original cost of such Equipment Collateral to be released pursuant to such Equipment
Release; provided, however, that no payment of the Equipment Release Fee Amount shall be required in connection with the first five (5) Equipment Releases in any Equipment Release Period. 

 

	 	m.	 Real Property Collateral Releases. Bank agrees to release individual parcels of the Real Property
Collateral from the lien of the Deed of Trust and/or Mortgage, as applicable (each, a “Partial Release”) upon satisfaction of the following conditions: (i) no Event of Default, and no event that, with the giving of notice or the
passage of time or both would constitute an Event of Default, shall have occurred and be continuing under the Transaction Documents; (ii) the cost to Bank of any such Partial Release shall be borne by Real Estate Loan Borrower, including
Bank’s counsel’s fees and costs; (iii) Real Estate Loan Borrower shall have delivered to Bank at least five (5) days’ prior written notice of Real Estate Loan Borrower’s request for such Partial Release; (iv) Real
Estate Loan Borrower shall have provided satisfactory evidence to Bank that such Partial Release is pursuant to a written sales contract on commercially reasonable terms; (v) if applicable, Bank shall have received from Real Estate Loan
Borrower a survey, plat, subdivision plat and/or such other evidence acceptable to Bank evidencing that such parcel of Real Property Collateral is a separate, legal parcel of real property; and (vi) in connection with such Partial Release, Real
Estate Loan Borrower shall have curtailed the principal amount outstanding under the Real Estate Note by the Release Fee Amount. 

  

	4.	 NEGATIVE COVENANTS. As long as this Agreement is in effect, the Borrower shall not violate, and shall
not suffer or permit any of its Subsidiaries to violate, any of the following covenants. The Borrower shall not: 

  

	 	a.	 Liens. Permit any of the Collateral to be subject to any security interest, mortgage or other lien or
encumbrance, except as set forth on the Schedule titled “Permitted Liens” and except for liens for property taxes not yet due; pledges and deposits to secure obligations or performance for workers’ compensation, bids, tenders,
contracts other than notes, appeal bonds or public or statutory obligations; and materialmen’s, mechanics’, carriers’ and similar liens arising in the normal course of business. 

 

	 	b.	 Changes In Form. (i) Do business under or otherwise use any name other than its true name or
registered or unregistered trade names (including, but not limited to, Admiral, Apple Market, Breadbox, ExpressStop, E-Z Mart, fas mart®, Li’l
Cricket, RStore, Roadrunner Markets, Scotchman and Village Pantry and applicable fuel brands such as BP and Valero), (ii) INTENTIONALLY DELETED, (iii) make any material change in its business, structure, purposes or operations that might have a
material adverse effect on the Borrower or any of its Subsidiaries, (iv) permit any change in control of the ownership or operation of the Collateral, or (v) make, terminate or permit to be revoked any election pursuant to Subchapter S of
the Internal Revenue Code. 

  
 5 

	5.	 COMPLIANCE WITH MASTER COVENANT AGREEMENT. During the term of this Agreement, the Borrower and all of
its Subsidiaries on a consolidated basis shall comply with the covenants set forth in the Master Covenant Agreement, which Master Covenant Agreement is incorporated by reference as if set forth fully herein. Failure to maintain compliance with the
Master Covenant Agreement shall constitute an immediate Event of Default (as hereinafter defined) under this Agreement. 

  

	6.	 DEFAULT. 

  

	 	a.	 Events of Default. Any of the following events or conditions shall constitute an “Event of
Default” (i) failure by the Borrower to pay when due (whether at the stated maturity, by acceleration, upon demand or otherwise) any amount due under the Loan, or any part thereof, with such failure continuing for three (3) business days;
(ii) default by the Borrower in the performance of any other obligation, term or condition of this Agreement, or the other Transaction Documents, and, in the event such default is deemed capable of cure by Bank in its sole discretion, the
continuation of such default for thirty (30) days after notice from Bank to Borrower (or sixty (60) days’ notice when such default is not capable of cure within a thirty (30) day period, as determined by Bank, and the Borrower is
diligently pursuing such cure); (iii) default by the Borrower in the performance of any other obligation, term or condition under any indebtedness or obligation owing to the Bank (other than hereunder or in the Transactional Documents) beyond any
applicable cure or grace period, including, without limitation, failure by the Borrower to pay when due (whether at the stated maturity, by acceleration, upon demand or otherwise) any amount due under such indebtedness; (iv) the Borrower is
dissolved, becomes insolvent, generally fails to pay or admits in writing its inability generally to pay its debts as they become due; (v) the Borrower makes a general assignment, arrangement or composition agreement with or for the benefit of
its creditors or makes, or sends notice of any intended, bulk sale; the sale, assignment, transfer or delivery of all or substantially all of the assets of the Borrower to a third party; or the cessation by the Borrower as a going business concern;
(vi) the Borrower files a petition in bankruptcy or institutes any action under federal or state law for the relief of debtors or seeks or consents to the appointment of an administrator, receiver, custodian or similar official for the wind up
of its business (or has such a petition or action filed against it and such petition action or appointment is not dismissed or stayed within forty-five (45) days); (vii) the reorganization or dissolution of the Borrower (or the making of any
agreement therefor); (viii) INTENTIONALLY DELETED; (ix) the entry of any final judgment or order of any court, other governmental authority or arbitrator against the Borrower that would have a Material Adverse Effect; (x) the material
falsity, omission or inaccuracy of any facts submitted to the Bank (whether in a financial statement or otherwise); (xi) an adverse change in the Borrower, its business, assets, operations, affairs or condition (financial or otherwise) from the
status shown on any financial statement or other document submitted to the Bank, and which change constitutes a Material Adverse Effect; (xii) any pension plan of the Borrower fails to comply with applicable law or has vested unfunded
liabilities such that the lack of compliance or failure constitutes a Material Adverse Effect; (xiii) any indication or evidence received by the Bank that the Borrower may have directly or indirectly been engaged in any type of activity which,
in the Bank’s discretion, might result in the forfeiture or any property of the Borrower to any governmental authority; (xiv) the occurrence of any event described in Section 6(a)(i) through and including 6(a)(xiii) with respect to
any Subsidiary or to any endorser, guarantor or any other party liable for, or whose assets or any interest therein secures, payment of any of the Loan; or (xv) the occurrence of any event of default (beyond any applicable grace, notice and/or
cure period) under the PNC Credit Agreement and/or the Ares Credit Agreement. 

  

	 	b.	 Rights and Remedies Upon Default. Upon the occurrence of any Event of Default, the Bank without demand
of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law) to or upon the Borrower or any other person (all and each of which demands, presentments, protests, advertisements and
notices are hereby waived), may exercise all rights and remedies under the Borrower’s agreements with the Bank, applicable law, in equity or otherwise and may declare all or any part of the Loan not payable on demand to be immediately due and
payable without demand or notice of any kind and terminate any obligation it may have to grant any additional loan, credit or other financial accommodation to the Borrower. All or any part of the Loan whether or not payable on demand, shall be
immediately due and payable automatically upon the occurrence of an Event of Default in Section 6(a)(vi) above. The provisions hereof are not intended in any way to affect any rights of the Bank with respect to any Loan which may now or
hereafter be payable on demand. 

  

	7.	 EXPENSES. The Borrower shall within seven (7) business days of written notice pay to the Bank all
reasonable costs and expenses (including all fees and disbursements of counsel retained for advice, suit, appeal or other proceedings or purpose and of any experts or agents it may retain), which the Bank may incur in connection with (i) the
administration of the Loan, including any administrative fees the Bank may impose for the preparation of discharges, releases or assignments to third-parties; (ii) the enforcement and collection of the Loan or any guaranty thereof;
(iii) the exercise, performance, enforcement or protection of any of the rights of the Bank hereunder; or (iv) the failure of the Borrower or any Subsidiary to perform or observe any provisions hereof. After such demand for payment of any
cost, expense or fee under this Section or elsewhere under this Agreement, the Borrower shall pay interest at the highest default rate specified in any instrument evidencing any of the Loan from the date payment is demanded by the Bank to the date
reimbursed by the Borrower. All such costs, expenses or fees under this Agreement shall be added to the Loan. 

  

	8.	 TERMINATION. This Agreement shall remain in full force and effect until all Obligations outstanding, or
contracted or committed for (whether or not outstanding), shall be finally and irrevocably paid in full. 

  

	9.	 EQUIPMENT LOAN. Bank shall make one or more additional extensions of credit to Equipment Loan Borrower
under the Equipment Loan in an aggregate amount not to exceed the maximum principal amount of the Equipment Loan to finance capital equipment expenditures, subject to the following terms and conditions: 

 

	 	(i)	 Subject to the satisfaction of the conditions precedent set forth in subsection (iii) below, Bank shall
make advances of principal under the Equipment Loan (each, an “Equipment Loan Advance”) to Equipment Loan Borrower from time to time until that date which is three (3) years after the date hereof (the “Availability Period”);
provided, however, that the principal amount of all outstanding Equipment Loan Advances shall not exceed the maximum principal amount of the Equipment Loan. The Equipment Loan shall be a revolving credit facility. Subject to all applicable
provisions in this Agreement, each Term Note, and any and all other agreements between Equipment Loan Borrower and Bank related to the Equipment Loan, the Equipment Loan Borrower may borrow, pay, prepay and reborrow under the

  
 6 

	 	
Equipment Loan at any time during the Availability Period, and any amount of principal that has been repaid under any Term Note may be reborrowed as an additional Equipment Loan Advance after
such repayment. Equipment Loan Borrower may request Equipment Loan Advances not more than once per calendar quarter to reimburse Equipment Loan Borrower for equipment purchased in the preceding one hundred twenty (120) day period (or prior to
such one hundred twenty (120) day period to the extent approved by PNC and Ares); and the preceding three hundred (300) day period for the initial Equipment Loan Advance after the date hereof; provided, however, that Equipment Loan
Borrower may not request any Equipment Loan Advance in an amount less than $500,000.00. 

  

	 	(ii)	 Each Equipment Loan Advance shall be evidenced by a separate term note (each, as modified, amended, renewed,
restated or replaced from time to time, a “Term Note”) in the amount of each respective Equipment Loan Advance, made by all Equipment Loan Borrowers (jointly and severally as co-borrowers) payable to
Bank in accordance with the terms thereof. Each Term Note shall (a) bear interest at a fixed rate per annum equal to Bank’s three (3) year cost of funds as of the date of such Equipment Loan Advance plus three percent (3.00%) (the
“Equipment Loan Rate”), (b) be repaid in monthly level payments of principal plus interest (calculated using (I) the Equipment Loan Rate, and (II) a three (3) year amortization schedule), and (c) mature on that date
which is three (3) years after the date of the applicable Equipment Loan Advance memorialized thereby. 

  

	 	(iii)	 Prior to the end of the Availability Period, Equipment Loan Borrower shall give Bank written notice (or
telephonic notice promptly confirmed in writing) of each requested Equipment Loan Advance not less than ten (10) business days prior to the making of each Equipment Loan Advance requested. Each notice shall be irrevocable and shall specify the
principal amount of such Equipment Loan Advance (provided, however, that no Equipment Loan Advance shall exceed ninety percent (90%) of the cost of the Equipment Collateral financed thereby, as determined by Bank), as well as the proposed
date of the closing of such Equipment Loan Advance. Upon the satisfaction of the following conditions, Bank will make the proceeds of each Equipment Loan Advance available to Equipment Loan Borrower on the date specified in the applicable notice by
crediting an account maintained by Equipment Loan Borrower with Bank or, at Equipment Loan Borrower’s option, by delivering a wire transfer of such amount to an account designated by Equipment Loan Borrower to Bank: (1) no Event of
Default, and no event that, with the giving of notice or the passage of time or both would constitute an Event of Default, shall have occurred and be continuing under the Transaction Documents; (2) Equipment Loan Borrower shall have delivered
to Bank such information as Bank may reasonably request with respect to the Equipment Collateral financed with the proceeds of such Equipment Loan Advance, in form and substance satisfactory to Bank; and (3) Equipment Loan Borrower shall have
executed and delivered to Bank, or caused to be executed and delivered to Bank) (A) the Term Note evidencing such Equipment Loan Advance, (B) a modification, supplement and/or joinder to the Security Agreement executed and delivered by the
applicable Equipment Loan Borrower granting a security interest to Bank in the Equipment Collateral financed thereby, (C) a modification, supplement and/or joinder to the Master Mortgagee Agreement (as defined in the Master Covenant Agreement)
reflecting the Equipment Collateral financed thereby, and (D) such other documents and/or instruments as Bank shall reasonably require, all in form and substance satisfactory to Bank. In amplification of the foregoing, Equipment Loan Borrower
authorizes (both prospectively and retroactively) Bank to file financing statements, and any continuations and amendments thereof, with respect to the Equipment Collateral financed with the proceeds of each Equipment Loan Advance, without Equipment
Loan Borrower’s signature and at Equipment Loan Borrower’s sole cost and expense. 

  

	10.	 USA PATRIOT ACT NOTICE. Bank hereby notifies the Borrower that pursuant to the requirements of the USA
PATRIOT Act (“Patriot Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow Bank to identify the
Borrower in accordance with the Patriot Act. The Borrower agrees to, promptly following a request by Bank, provide all such other documentation and information that Bank requests in order to comply with its ongoing obligations under applicable
“know your customer” and anti-money laundering rules and regulations, including the Patriot Act. 

  

	11.	 MISCELLANEOUS. 

 

	 	a.	 Notices. Any demand or notice hereunder or under any applicable law pertaining hereto shall be in
writing and duly given if delivered to Borrower (at its address on the Bank’s records) or to the Bank (at the address on page one and separately to the Bank officer responsible for Borrower’s relationship with the Bank). Such notice or
demand shall be deemed sufficiently given for all purposes when delivered (i) by personal delivery and shall be deemed effective when delivered, or (ii) by mail or courier and shall be deemed effective three (3) business days after
deposit in an official depository maintained by the United States Post Office for the collection of mail or one (1) business day after delivery to a nationally recognized overnight courier service (e.g., FedEx). Notice by e-mail is not valid notice under this or any other agreement between Borrower and the Bank. 

  

	 	b.	 Generally Accepted Accounting Principles. Any financial calculation to be made, all financial statements
and other financial information to be provided, and all books and records, system of accounting to be kept in connection with the provisions of this Agreement, shall be in accordance with generally accepted accounting principles consistently applied
during each interval and from interval to interval; provided, however, that in the event changes in generally accepted accounting principles shall be mandated by the Financial Accounting Standards Board or any similar accounting body of comparable
standing, or should be recommended by Borrower’s certified public accountants, to the extent such changes would affect any financial calculations to be made in connection herewith, such changes shall be implemented in making such calculations
only from and after such date as Borrower and the Bank shall have amended this Agreement to the extent necessary to reflect such changes in the financial and other covenants to which such calculations relate. 

 

	 	c.	 Indemnification. If after receipt of any payment of all, or any part of, the Loan, the Bank is, for any
reason, compelled to surrender such payment to any person or entity because such payment is determined to be void or voidable as a preference, an impermissible setoff, or a diversion of trust funds, or for any other reason, the Transaction Documents
shall continue in full force and the Borrower shall be liable, and shall indemnify and hold the Bank harmless for, the amount of such payment surrendered. The provisions of this Section shall be and remain effective notwithstanding any contrary
action which may have been taken by the Bank in reliance upon such payment, and any such contrary action so taken shall be without prejudice to the Bank’s rights under the Transaction Documents and shall be deemed to have been conditioned upon
such payment having become final and irrevocable. The provisions of this Section shall survive the termination of this Agreement and the Transaction Documents. 

  
 7 

	 	d.	 Further Assurances. From time to time, the Borrower shall take, and cause its Subsidiaries to take, such
action and execute and deliver to the Bank such additional documents, instruments, certificates, and agreements as the Bank may reasonably request to effectuate the purposes of the Transaction Documents. 

 

	 	e.	 Cumulative Nature and Non-Exclusive Exercise of Rights and
Remedies. All rights and remedies of the Bank pursuant to this Agreement and the Transaction Documents shall be cumulative, and no such right or remedy shall be exclusive of any other such right or remedy. In the event of any unreconcilable
inconsistencies, this Agreement shall control. No single or partial exercise by the Bank of any right or remedy pursuant to this Agreement or otherwise shall preclude any other or further exercise thereof, or any exercise of any other such right or
remedy, by the Bank. 

  

	 	f.	 Governing Law; Jurisdiction. This Agreement has been delivered to and accepted by the Bank and will be
deemed to be made in the Commonwealth of Virginia. Unless provided otherwise under federal law, this Agreement will be interpreted in accordance with laws of the Commonwealth of Virginia, excluding its conflict of laws rules. THE BORROWER HEREBY
IRREVOCABLY CONSENT TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT IN THE COMMONWEALTH OF VIRGINIA IN A COUNTY OR JUDICIAL DISTRICT WHERE THE BANK MAINTAINS A BRANCH, AND CONSENTS THAT THE BANK MAY EFFECT ANY SERVICE OF PROCESS IN THE
MANNER AND AT BORROWER’S ADDRESS AS SET FORTH IN THE ABOVE SECTION ENTITLED “NOTICES;” PROVIDED THAT NOTHING CONTAINED IN THIS AGREEMENT WILL PREVENT THE BANK FROM BRINGING ANY ACTION, ENFORCING ANY AWARD OR JUDGMENT OR EXERCISING ANY
RIGHTS AGAINST BORROWER INDIVIDUALLY, AGAINST ANY SECURITY OR AGAINST ANY PROPERTY OF BORROWER WITHIN ANY OTHER COUNTY, STATE OR OTHER FOREIGN OR DOMESTIC JURISDICTION. Borrower acknowledges and agrees that the venue provided above is the most
convenient forum for both the Bank and Borrower, and Borrower waives any objection to venue and any objection based on a more convenient forum in any action instituted under this Agreement. 

 

	 	g.	 Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be
jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term “the Borrower” shall include each as well as all of them. This Agreement shall be binding upon the
Borrower and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the Bank, its successors and assignees and each direct or indirect assignee or other transferee of any of
the Loan; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the Bank. 

  

	 	h.	 Waivers; Changes in Writing. No failure or delay of the Bank in exercising any power or right hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of
any other right or power. The Borrower expressly disclaims any reliance on any course of dealing or usage of trade or oral representation of the Bank (including representations to make loans to the Borrower) and agrees that none of the foregoing
shall operate as a waiver of any right or remedy of the Bank. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances. No waiver of any provision of
this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless made specifically in writing by the Bank and then such waiver or consent shall be effective only in the specific instance and for the purpose
for which given. No modification to any provision of this Agreement shall be effective unless made in writing in an agreement signed by the Borrower and the Bank. 

 

	 	i.	 Interpretation. Unless the context otherwise clearly requires, references to plural includes the
singular and references to the singular include the plural; references to “individual” shall mean a natural person and shall include a natural person doing business under an assumed name (e.g., a “DBA”); the word
“or” has the inclusive meaning represented by the phrase “and/or;” the word “including,” “includes” and “include” shall be deemed to be followed by the words “without limitation;” and
captions or section headings are solely for convenience and not part of the substance of this Agreement. Any representation, warranty, covenant or agreement herein shall survive execution and delivery of this Agreement and shall be deemed
continuous. Each provision of this Agreement shall be interpreted as consistent with existing law and shall be deemed amended to the extent necessary to comply with any conflicting law. If any provision nevertheless is held invalid, the other
provisions shall remain in effect. The Borrower agrees that in any legal proceeding, a photocopy of this Agreement kept in the Bank’s course of business may be admitted into evidence as an original. 

 

	 	j.	 Waiver of Jury Trial. THE BORROWER AND THE BANK HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY
WAIVE ANY RIGHT TO TRIAL BY JURY THE BORROWER AND THE BANK MAY HAVE IN ANY ACTION OR PROCEEDING, IN LAW OR IN EQUITY, IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTIONS RELATED HERETO. THE BORROWER REPRESENTS AND WARRANTS THAT NO REPRESENTATIVE
OR AGENT OF THE BANK HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE BANK WILL NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THIS JURY TRIAL WAIVER. THE BORROWER ACKNOWLEDGES THAT THE BANK HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE PROVISIONS OF THIS SECTION. 

  

	 	k.	 Amendment, Restatement and Consolidation. This Second Amended, Restated and Consolidated Credit
Agreement hereby amends, restates and consolidates, in all respects, (1) that certain Amended, Restated and Consolidated Credit Agreement dated as of December 21, 2016 by and between certain of the Borrower and Bank, as modified, amended,
renewed, restated or replaced from time to time; and (2) that certain Construction Loan Agreement dated as of December 21, 2016 by and between GPM and Bank, as modified, amended, renewed, restated or replaced from time to time. No novation
is intended hereby. 

  
 8 

 Acknowledgment. Borrower acknowledges that it has read and understands all the provisions of this
Agreement, including the Governing Law, Jurisdiction and Waiver of Jury Trial, and has been advised by counsel as necessary or appropriate. 

[SIGNATURE PAGES FOLLOW] 

  
 9 

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

[SIGNATURE PAGE] 
 WITNESS the due execution
hereof as a SEALED INSTRUMENT as of the date first written above. 
 BANK: 

M&T BANK, 
 a New York banking corporation 

 

									
	By:	 	 /s/ Drake Staniar
	 	(SEAL)	    	 /s/ Karen Kennedy
	 	(SEAL)
	Name:	 	Drake Staniar	 		    	Signature of Witness	 	
	Title:	 	Vice President	 		    		 	
		 		 		    	 Karen Kennedy
	 	
		 		 		    	Typed Name of Witness	 	

  
 10 

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

[SIGNATURE PAGE] 
 WITNESS the due execution
hereof as a SEALED INSTRUMENT as of the date first written above. 
 BORROWER: 

GPM INVESTMENTS, LLC, 
 GPM SOUTHEAST, LLC, 

GPM1, LLC, 
 GPM2, LLC, 

GPM3, LLC, 
 GPM4, LLC, 

GPM5, LLC, 
 GPM6, LLC, 

GPM8, LLC, 
 GPM9, LLC, 

GPM RE, LLC, 
 GPM Apple, LLC, 

GPM Midwest, LLC, 
 GPM Midwest 18, LLC, 

Next Door Operations, LLC, 
 Colonial Pantry Holdings, LLC, 

Village Variety Store Operations, LLC, 
 Admiral Petroleum II,
LLC, 
 GPM Empire, LLC, 
 Florida Convenience Stores, LLC, 

each a Delaware limited liability company 
  

											
	By:	 	 /s/ Donald P. Bassell
	 	(SEAL)	 		    	 /s/ Rhiannon James
	 	(SEAL)
	Name:	 	Donald P. Bassell	 		 		    	Signature of Witness	 	
	Title:	 	Chief Financial Officer	 		 		    		 	
		 		 		 		    	 Rhiannon James
	 	
		 		 		 		    	Typed Name of Witness	 	
						
	By:	 	 /s/ Maury Bricks
	 	(SEAL)	 		    	 s/s Jason Rigsby
	 	(SEAL)
	Name:	 	Maury Bricks	 		 		    	Signature of Witness	 	
	Title:	 	General Counsel	 		 		    		 	
		 		 		 		    	 Jason Rigsby
	 	
		 		 		 		    	Typed Name of Witness	 	

 ACKNOWLEDGMENT 
  

			
	COMMONWEALTH/STATE OF
Virginia                                    	 	)
		 	) TO-WIT
	CITY/COUNTY OF
Henrico                                        
                    	 	)

 The foregoing instrument was acknowledged before me, Naneen Johnson, Notary Public, this 18th day of June,
2021, by Donald P. Bassell and Maury Bricks, who have each presented identification of known to me (a United States Passport, a certificate of United States citizenship, a certificate of naturalization, an unexpired foreign passport, an
alien registration card with photograph, a state issued driver’s license or a state issued identification card or a United States military card), and voluntarily acknowledged this instrument as Chief Financial Officer and
General Counsel, respectively, of each of GPM Investments, LLC, GPM Southeast, LLC, GPM1, LLC, GPM2, LLC, GPM3, LLC, GPM4, LLC, GPM5, LLC, GPM6, LLC, GPM8, LLC, GPM9, LLC, GPM RE, LLC, GPM Apple, LLC, GPM Midwest, LLC, GPM Midwest 18, LLC, Next Door
Operations, LLC, Colonial Pantry Holdings, LLC, Village Variety Store Operations, LLC, Admiral Petroleum II, LLC, GPM Empire, LLC, and Florida Convenience Stores, LLC, each a Delaware limited liability company, on its behalf. 

 

	
	 /s/ Naneen Johnson

	Notary Public
	
	Registration
Number:                                        
    
	My commission
expires:                                       
 
	
	Notary Seal (sharp, legible, reproducible)

  
 11 

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

[SIGNATURE PAGE] 
 WITNESS the due execution
hereof as a SEALED INSTRUMENT as of the date first written above. 
 BORROWER (continued): 

VILLAGE PANTRY, LLC, 
 an Indiana limited liability company 

 

									
	By:	 	 /s/ Donald P. Bassell
	 	(SEAL)	 	 /s/ Rhiannon James
	 	(SEAL)
	Name:	 	Donald P. Bassell	 		 	Signature of Witness	 	
	Title:	 	Chief Financial Officer	 		 		 	
		 		 		 	 Rhiannon James
	 	
		 		 		 	Typed Name of Witness	 	
					
	By:	 	 /s/ Maury Bricks
	 	(SEAL)	 	 s/s Jason Rigsby
	 	(SEAL)
	Name:	 	Maury Bricks	 		 	Signature of Witness	 	
	Title:	 	General Counsel	 		 		 	
		 		 		 	 Jason Rigsby
	 	
		 		 		 	Typed Name of Witness	 	

 ACKNOWLEDGMENT 
  

			
	COMMONWEALTH/STATE OF
Virginia                                    	 	)
		 	) TO-WIT
	CITY/COUNTY OF
Henrico                                        
                    	 	)

 The foregoing instrument was acknowledged before me, Naneen Johnson, Notary Public, this 18th day of June,
2021, by Donald P. Bassell and Maury Bricks, who have each presented identification of known to me (a United States Passport, a certificate of United States citizenship, a certificate of naturalization, an unexpired foreign passport, an
alien registration card with photograph, a state issued driver’s license or a state issued identification card or a United States military card), and voluntarily acknowledged this instrument as Chief Financial Officer and General Counsel,
respectively, of Village Pantry, LLC, an Indiana limited liability company, on its behalf. 
  

	
	 /s/ Naneen Johnson

	Notary Public
	
	Registration
Number:                                        

	My commission
expires:                                    
	
	Notary Seal (sharp, legible, reproducible)

  
 12 

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

[SIGNATURE PAGE] 
 WITNESS the due execution
hereof as a SEALED INSTRUMENT as of the date first written above. 
 BORROWER (continued): 

WOC SOUTHEAST HOLDING CORP., 
 a Delaware corporation 

 

											
	By:	 	 /s/ Donald P. Bassell
	 	(SEAL)	 		    	 /s/ Rhiannon James
	 	(SEAL)
	Name:	 	Donald P. Bassell	 		 		    	Signature of Witness	 	
	Title:	 	Chief Financial Officer	 		 		    		 	
		 		 		 		    	 Rhiannon James
	 	
		 		 		 		    	Typed Name of Witness	 	
						
	By:	 	 /s/ Maury Bricks
	 	(SEAL)	 		    	 s/s Jason Rigsby
	 	(SEAL)
	Name:	 	Maury Bricks	 		 		    	Signature of Witness	 	
	Title:	 	General Counsel	 		 		    		 	
		 		 		 		    	 Jason Rigsby
	 	
		 		 		 		    	Typed Name of Witness	 	

 ACKNOWLEDGMENT 
  

			
	COMMONWEALTH/STATE OF
Virginia                                    	 	)
		 	) TO-WIT
	CITY/COUNTY OF
Henrico                                        
                    	 	)

 The foregoing instrument was acknowledged before me, Naneen Johnson, Notary Public, this 18th day of June,
2021, by Donald P. Bassell and Maury Bricks, who have each presented identification of known to me (a United States Passport, a certificate of United States citizenship, a certificate of naturalization, an unexpired foreign passport, an
alien registration card with photograph, a state issued driver’s license or a state issued identification card or a United States military card), and voluntarily acknowledged this instrument as Chief Financial Officer and General Counsel,
respectively, of WOC Southeast Holding Corp., a Delaware corporation, on its behalf. 
  

	
	 /s/ Naneen Johnson

	Notary Public
	
	Registration
Number:                                        
    
	My commission
expires:                                       
 
	
	Notary Seal (sharp, legible, reproducible)

  
 13 

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

[SIGNATURE PAGE] 
 WITNESS the due execution
hereof as a SEALED INSTRUMENT as of the date first written above. 
 BORROWER (continued): 

ADMIRAL PETROLEUM COMPANY, 
 a Michigan corporation 

 

											
	By:	 	 /s/ Donald P. Bassell
	 	(SEAL)	 		    	 /s/ Rhiannon James
	 	(SEAL)
	Name:	 	Donald P. Bassell	 		 		    	Signature of Witness	 	
	Title:	 	Chief Financial Officer	 		 		    		 	
		 		 		 		    	 Rhiannon James
	 	
		 		 		 		    	Typed Name of Witness	 	
						
	By:	 	 /s/ Maury Bricks
	 	(SEAL)	 		    	 s/s Jason Rigsby
	 	(SEAL)
	Name:	 	Maury Bricks	 		 		    	Signature of Witness	 	
	Title:	 	General Counsel	 		 		    		 	
		 		 		 		    	 Jason Rigsby
	 	
		 		 		 		    	Typed Name of Witness	 	

 ACKNOWLEDGMENT 
  

			
	COMMONWEALTH/STATE OF
Virginia                                    	 	)
		 	) TO-WIT
	CITY/COUNTY OF
Henrico                                        
                    	 	)

 The foregoing instrument was acknowledged before me, Naneen Johnson, Notary Public, this 18th day of June,
2021, by Donald P. Bassell and Maury Bricks, who have each presented identification of known to me (a United States Passport, a certificate of United States citizenship, a certificate of naturalization, an unexpired foreign passport, an
alien registration card with photograph, a state issued driver’s license or a state issued identification card or a United States military card), and voluntarily acknowledged this instrument as Chief Financial Officer and General Counsel,
respectively, of Admiral Petroleum Company, a Michigan corporation, on its behalf. 
  

	
	 s/ Naneen Johnson

	Notary Public
	
	Registration
Number:                                        
    
	My commission
expires:                                       
 
	
	Notary Seal (sharp, legible, reproducible)

  
 14 

 SECOND AMENDED, RESTATED AND CONSOLIDATED 

CREDIT AGREEMENT 

[SIGNATURE PAGE] 
 WITNESS the due execution
hereof as a SEALED INSTRUMENT as of the date first written above. 
 BORROWER (continued): 

MOUNTAIN EMPIRE OIL COMPANY, 
 a Tennessee corporation 

 

									
	By:	 	 /s/ Donald P. Bassell
	 	(SEAL)	 	 /s/ Rhiannon James
	 	(SEAL)
	Name:	 	Donald P. Bassell	 		 	Signature of Witness	 	
	Title:	 	Chief Financial Officer	 		 		 	
		 		 		 	 Rhiannon James
	 	
		 		 		 	Typed Name of Witness	 	
					
	By:	 	 /s/ Maury Bricks
	 	(SEAL)	 	 s/s Jason Rigsby
	 	(SEAL)
	Name:	 	Maury Bricks	 		 	Signature of Witness	 	
	Title:	 	General Counsel	 		 		 	
		 		 		 	 Jason Rigsby
	 	
		 		 		 	Typed Name of Witness	 	

 ACKNOWLEDGMENT 
  

			
	COMMONWEALTH/STATE OF
Virginia                                    	 	)
		 	) TO-WIT
	CITY/COUNTY OF
Henrico                                        
                    	 	)

 The foregoing instrument was acknowledged before me, Naneen Johnson, Notary Public, this 18th day of June,
2021, by Donald P. Bassell and Maury Bricks, who have each presented identification of known to me_ (a United States Passport, a certificate of United States citizenship, a certificate of naturalization, an unexpired foreign passport, an
alien registration card with photograph, a state issued driver’s license or a state issued identification card or a United States military card), and voluntarily acknowledged this instrument as Chief Financial Officer and General Counsel,
respectively, of Mountain Empire Oil Company, a Tennessee corporation, on its behalf. 
  

	
	 /s/ Naneen Johnson

	Notary Public
	
	Registration
Number:                                        

	My commission
expires:                                    
	
	Notary Seal (sharp, legible, reproducible)

 45148419_4 
  

 
 BANK USE ONLY 

Authorization Confirmed:
                                         
                                         
                                         
                                         

 Signature 

  
 15

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