Document:

Fifth Amendment to Distribution Service Agreement

 Exhibit 10.1 
  
 FIFTH AMENDMENT TO DISTRIBUTION SERVICE AGREEMENT 
  
 THIS FIFTH AMENDMENT TO DISTRIBUTION SERVICE AGREEMENT (the “Amendment”) is made and entered into
on the 1st day of April, 2004, to be effective on the Effective Date (as defined below), by and between The Pantry,
Inc., a Delaware corporation (“Pantry”) and McLane Company, Inc., a Texas corporation (“McLane”). 
  
 RECITALS 
  
 WHEREAS, Pantry, Lil’ Champ Food Stores, Inc., a Florida corporation (“Lil’ Champ”), and McLane entered into (i) a
Distribution Service Agreement effective as of October 10, 1999, (ii) a First Amendment to Distribution Service Agreement effective as of June 28, 2001, (iii) a Second Amendment to Distribution Service Agreement effective as of September 8, 2001,
and (iv) a Third Amendment to Distribution Service Agreement effective as of October 5, 2002, and Pantry (on behalf of itself and as successor in interest to all rights and obligations of Lil’ Champ) and McLane entered into a Fourth Amendment
to Distribution Service Agreement effective as of October 16, 2003 (the October 10, 1999 Distribution Service Agreement, together with the June 28, 2001 First Amendment, September 8, 2001 Second Amendment, October 5, 2002 Third Amendment and October
16, 2003 Fourth Amendment are hereinafter referred to collectively as the “Service Agreement”); and 
  
 WHEREAS, Pantry and McLane desire to further amend the Service Agreement; 
  
 NOW, THEREFORE, for and in consideration of the promises, covenants and conditions contained herein and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Pantry and McLane do hereby agree as follows: 
  
 1.    Amendment of Section 3.4. The last paragraph of Section 3.4 of the Service Agreement is hereby deleted in
its entirety and the amended Section 3.4 is restated in its entirety as follows: 
  
 3.4    Payment Terms for Products Purchased. Company shall cause payment to be made by wire transfer or McLane initiated ACH to McLane for all Products purchased by the
stores not later than 12:00 Noon, Central Standard Time or, if applicable, Central Daylight Savings Time, [***] days from statement date, it being understood and agreed that statement date will be each Friday for all Products delivered from the
immediately preceding Saturday through such Friday statement date. Such payments shall be in the full amount of the statement to which they relate. Any amounts not paid when due shall bear interest at the lesser of (i) eighteen percent (18%) per
annum, or (ii) the maximum rate allowed by applicable law. 
  

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

 2.    Effective Date. All terms and conditions of this
Amendment shall be effective as of April 1st, 2004 (the “Effective Date”). 
  
 3.    Defined Terms. Capitalized
terms not specifically defined in this Amendment shall have the meaning ascribed to them in the Service Agreement. 
  
 4.    No Other Modifications. Except as specifically modified by this Amendment, all terms and conditions of
the Service Agreement shall remain fully applicable and in full force and effect. 
  
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above, to be effective as of the Effective Date. 
  

			
	 THE PANTRY, INC.

		
	 By:
	 	 /s/ David M. Zaborski

			
	 Printed Name: David M. Zaborski

	 Title: V.P. Marketing

	
	 McLANE COMPANY, INC.

			
		
	 By:
	 	 /s/ Dave Testroet

	 	 	 Dave Testroet

	 	 	 Division President

	 	 	 McLane Carolina/Mid-Atlantic

  

 2Summary of Material Terms of The Pantry, Inc

 Exhibit 10.2 
  
 Summary of Material Terms of 
 The Pantry, Inc. Annual Incentive Plan 
  
 The Pantry, Inc. Annual Incentive Plan, effective October 1, 2004 (the “Plan”), is a compensatory plan through which the Company’s executive officers are eligible to receive a cash bonus based primarily on the Company’s
earnings per share (“EPS”) results during fiscal year 2005, adjusted for such things as acquisitions and divestitures and other items at the discretion of the Compensation Committee of our Board of Directors, and previously established
cash bonus targets for each executive officer. The Plan aligns the interests of executive officers with those of the Company’s stockholders by linking the bonus amounts directly to Company performance. The target EPS result is based on the
Company’s internal EPS budget estimates. Each executive’s cash bonus target is set by the Compensation Committee of our Board of Directors at the beginning of each fiscal year. Actual bonus payouts, if any, under the Plan will vary
depending on the Company’s actual EPS results. In addition, the Compensation Committee has retained the discretion under the Plan, in extraordinary circumstances, to award bonuses or otherwise increase, reduce or eliminate bonuses that
otherwise might be payable to an executive officer based on actual performance even if inconsistent with the Plan. Participants in the Plan who join the Company mid-year will have bonuses, if any, prorated. Bonuses are intended to be paid no later
than 120 days following the close of the fiscal year. Participants must be employed on the date bonuses are paid in order to receive a payment, except that participants who retire prior to that date may have their bonuses prorated and paid on the
date other bonuses are paid in the discretion of the Compensation Committee of our Board of Directors.First Amendment to Amended & Restated Addendum to Distributor Franchise Agreemen

 Exhibit 10.3 
  
 FIRST AMENDMENT TO AMENDED AND RESTATED 
 ADDENDUM TO DISTRIBUTOR FRANCHISE AGREEMENT 
  
 This First Amendment to Amended and Restated Addendum to Distributor Franchise Agreement (“First Amendment”) is entered into on this 31st day of March 2005, by and between CITGO Petroleum Corporation (“CITGO”) and The Pantry, Inc. (the “Company”). 
  
 WHEREAS, CITGO and the Company have entered into a Distributor Franchise
Agreement on or about August, 2000 (the “DFA”); 
  
 WHEREAS, CITGO and the Company have entered into an Amended and Restated Addendum to that DFA on February 11, 2003, (the “Addendum”); and 
  
 WHEREAS, CITGO and the Company desire to change the scope, Adder Fees and other terms and conditions of the Addendum; 
  
 NOW, THEREFORE in consideration of the premises and covenants contained
herein, it is agreed that Sections 3, 4(ii) and 10 of the Addendum shall be changed as follows: 
  
 The following terminals shall be added to the list of terminals in Section 3, for which the pricing formula set forth in Section 4 applies: 
  

							
	“Bainbridge, GA	  	Biloxi, MS	  	Birmingham, AL	  	Chattanooga, TN
	Montgomery, AL	  	Powder Springs, GA	  	Rome, GA	  	 
	Nashville, TN	  	Mobile, AL	  	Chattahoochee, GA”	  	 

  
 Section 4(ii) shall be replaced
in its entirety and shall now read: 
  
 “(ii) The Adder Fees
shall be as follows (in $/gal): 
  

																
	 Aggregate Gals. (in million gals/Contract Year)

	  	Branded Gasoline

	  	UnBranded
Gasoline

	  	LSD

	  	RUL

	  	MID

	  	PREM

	  	all grades

	  	all grades

	 [***]
	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]
						
	 [***]
	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]
						
	 [***]
	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]
						
	 [***]
	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]
						
	 [***]
	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]	  	$	[***]

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

  

 The difference between [***] and the [***] described above is considered the [***] (the “[***]”). Specifically
for the purpose of calculating this [***], “[***]” shall mean its [***]. Contract Year shall mean March 1, 2005, through February 28, 2006 and each subsequent twelve month period thereafter.” 
  
 Section 10 shall be replaced in its entirety and shall now read: 
  
 “The Company shall provide CITGO with 180 day written notification
prior to any reduction in supply requirements for terminals that are supplied by water and 90 day written notification for any reduction in supply requirements for terminals supplied by pipeline. 
  
 If CITGO sells or assigns the DFA to a third party or undergoes a change of
control (acquisition by an entity or affiliated group of fifty-one percent [51%] of the voting stock of CITGO or those entities which control CITGO, directly or indirectly), and such third party or CITGO, either (i) is unable or unwilling to license
the CITGO Trademarks to the Company for the remaining term of this Addendum, or (ii) terminates this Addendum, then the Company may, terminate the DFA and this Addendum without having to pay the unamortized portion of IAP, advances and branding
costs as described in Section 8 and the unamortized portion for branding expenses as described in Section 6, provided that the Company furnishes CITGO the 180 day written notification required above,” 
  
 In addition, the Company shall have the option to continue to purchase CITGO
branded product and unbranded product with CITGO under the terms of Section 4, in amounts that are consistent with their average volume lifted per month for the previous three month period, for up to one year beginning on the date that the Company
receives notice from CITGO that such third party and CITGO are unable or unwilling to license the CITGO trademarks to the Company or will terminate the DFA.” 
  
 The effective date of this First Amendment is March 1, 2005. Other than as amended herein, all other provisions of the
Addendum shall remain in full force and effect. 
  

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

  

 2 

 IN WITNESS WHEREOF, this First Amendment was executed on the date above written. 
  

					
	CITGO PETROLEUM CORPORATION	 	 	 	THE PANTRY, INC.
			
	 /s/ Barry Fulde
	 	 	 	 /s/ Naill Alnatour

	 (Signature)
	 	 	 	 (Signature)

			
	 Barry Fulde
	 	 	 	 Naill Alnatour

	 (Printed Name)
	 	 	 	 (Printed Name)

			
	 General Mgr. Business Analysis & Enhancement
	 	 	 	 Director Gasoline Marketing

	 (Title)
	 	 	 	 (Title)

  

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