Document:

EX-10.1

 Exhibit 10.1 
 AMENDMENT TO BRANDED PRODUCT SUPPLY AND TRADEMARK LICENSE AGREEMENT 
 THIS
AMENDMENT TO BRANDED PRODUCT SUPPLY AND TRADEMARK LICENSE AGREEMENT is made and entered into this   22   day of         May         ,
2012, by and between THE PANTRY, INC., a corporation with a principal place of business at 305 GREGSON DRIVE, CARY, NC (“BUYER”) and Marathon Petroleum Company LP (f/k/a Marathon Petroleum Company LLC), a Delaware limited partnership, with
offices at 539 South Main Street, Findlay, Ohio 45840 (“MPC”), collectively referred to herein as the “Parties”. 

WITNESSETH THAT: 

WHEREAS, MPC and BUYER have executed a Branded Product Supply and Trademark License Agreement (“Agreement”) dated
7/26/2010; and 
 WHEREAS, the Parties wish to clarify and enhance certain aspects of the Agreement; 

NOW, THEREFORE, in consideration of the foregoing promises and the mutual agreement set out below, the Parties agree that:

  

	 	1.	 Section 6.1 of the Agreement is hereby deleted entirely and replaced with the following: 

“6.1             Appearance
and Customer Satisfaction. BUYER acknowledges that the appearance of, and customer experience at, every one of MPC’s Branded Outlets reflects on the good will value of the MARATHON® brand to every MPC customer and to MPC, and are essential to the reputation of the Marks and Products. BUYER accordingly agrees, and agrees to cause the Sublicensees,
while this Agreement remains in effect, to: 
 (a) fulfill, at each
Branded Outlet, the appearance and customer service objectives and expectations established from time to time by MPC for
MARATHON® branded outlets; 

(b) refrain from the use, and from allowing the use, of any Branded Outlet for sale, use, storage,
rent, display, or offering of: 
         (1)
pornographic or sexually explicit magazines, videotapes, compact disks, digital video disks, similar literature or items of merchandise at any Branded Outlet; 

        (2) any item that, in MPC’s sole judgment, is
analogous to a scheduled or controlled substance, regardless of its labeling and regardless whether its sale, use or distribution is lawful, including but not limited to, substances known or marketed as “spice”, “herbal incense”,
“K2”, “bath salts” or the like; and 

        (3) any item that, in MPC’s sole judgment, is
intended or designed for use in ingesting, inhaling, or otherwise consuming an illegal drug or for manufacturing or processing of an illegal drug, including but not limited to, pipes, tubes, roach clips, instructions or descriptive materials, or
containers for concealing illegal drugs or paraphernalia; 
 (c) refrain from charging
prices in excess of legally mandated limitations for Products sold during a declared or undeclared crisis or emergency; and 

 (d)   train employees and establish and
enforce reasonable controls, procedures and safeguards for the detection and prevention at the Branded Outlets of: 
         (1) skimming, identity theft, and other forms of fraud involving the use of credit cards and other electronic payment products; 

        (2) the sale of tobacco or alcohol content products
to underage customers; and 
         (3) illegal
gambling or other gaming activity. 
 For the avoidance of doubt, the appearance and customer service
objectives and expectations of MPC in effect on the date of this Agreement are represented by the requirements of this Agreement and by “mystery shop” assessments conducted pursuant to MPC’s “Customer First Improvement
Program” guide. MPC reserves the right to change, from time to time during the Term, its appearance and customer service objectives and expectations, to change the terms and conditions of, and manner of implementing the “Customer First
Improvement Program” guide and “mystery shop” assessments, to discontinue the “Customer First Improvement Program”, and to institute other programs and assessment methods in furtherance of MPC’s appearance and customer
service objectives and expectations, provided that such changes shall be applicable to all members of the jobber class of trade.” 
 2.         Except as amended hereby, the Agreement is expressly ratified and confirmed in all respects by the Parties. 

3.         The effective date of this Amendment is April 1, 2012. 

IN WITNESS WHEREOF, the Parties have executed this Amendment to Branded Product Supply and Trademark License
Agreement on the day and year first written above. 
  

					
		 	THE PANTRY, INC
		 	(“BUYER”)
			
		 	By:	 	  /s/ Dennis G. Hatchell

			
		 	Its:	 	
		
		 	MARATHON PETROLEUM COMPANY LP
		 	By:	 	 MPC Investment LLC, its general partner

			
		 	By:	 	  /s/ W. D. McCleave

		 		 	  W. D. McCleave

			
		 	Its:	 	  Brand Division ManagerEX-10.2

 Exhibit 10.2 
 FOURTH AMENDMENT TO MASTER CONVERSION AGREEMENT 
 This Fourth Amendment to
Master Conversion Agreement (“Amendment”) dated         June 4        , 2012, is between The Pantry, Inc., a Delaware corporation with offices
at 305 Gregson Drive, Cary, NC 27511 (“PANTRY”), and Marathon Petroleum Company LP (f/k/a Marathon Petroleum Company LLC), a Delaware limited partnership with offices at 539 South Main Street, Findlay, Ohio 45840 (“MPC”), each a
“Party” and together, the “Parties”. 
 WHEREAS, MPC and PANTRY entered into a Master Conversion
Agreement dated July 26, 2010 as amended by First Amendment to Master Conversion Agreement dated February 14, 2011, Second Amendment to Master Conversion Agreement dated August 15, 2011 and Third Amendment to Master Conversion
Agreement dated October 3, 2011 (collectively the “Agreement”); and 
 WHEREAS, PANTRY has requested that
certain applicable [***] requirements be [***] by [***]; 
 WHEREAS, MPC is willing to consent to such [***], provided
that the total of all such [***] requirements (after such [***]) continue, in aggregate, to [***] within the Agreement; 

WHEREAS, the Parties have agreed to amend the Agreement. 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual agreements set out below, the Parties agree: 

 

	1.	 The Agreement is amended as follows: 

  

	 	(a)	 Section 1(I) of the Agreement is deleted in its entirety and the following is substituted for it: 

“(I)        “Minimum Monthly [***] Volume”
means, with respect to a [***], the volume in gallons of [***] purchased by PANTRY directly from MPC at the Designated Terminals corresponding in the table below, to such [***] in the table below: 

 
  

 
 [***] 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. 

			
	
[***]

 
	  	 [***]

 

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[***]
	  	[***]

 In illustration, and not in limitation, of the foregoing, for the [***], the Minimum Monthly [***]
Volume is [***] gallons of [***] purchased by PANTRY directly from MPC at the Designated Terminals.” 
  

	(b)	 Section 1(n) of the Agreement is deleted in its entirety and the following is substituted for it: 

“(n)        “Minimum Monthly [***] Volume”
means, with respect to a [***], the volume in gallons of [***] purchased by PANTRY directly from MPC at the Designated Terminals for a particular [***], as provided below in the table below: 

 

			
	
[***]

 
	  	 Volume in

gallons [***]
  

	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
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	 [***]
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	 [***]
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	 [***]
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	 [***]
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	 [***]
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[***]
	  	[***]

  
  

[***] 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 illustration, and not in limitation, of the foregoing, for the [***], the Minimum
Monthly [***] Volume is [***] gallons of [***] purchased by PANTRY directly from MPC at the Designated Terminals.” 
  

	 	(c)	 Section 4(a)(2) of the Agreement is deleted in its entirety and the following is substituted for 

	 	                            
            it:	 “ 

 (2)        [***]: Contract Years. In any [***] of any Contract Year in which this Agreement is in effect and PANTRY’s [***] purchases of (i) [***]
directly from MPC at the Designated Terminals and (ii) [***] in the [***] in accordance with [***] each [***] of [***] purchased directly from MPC at the Designated Terminals and delivered to the Retail Outlets, for resale at retail, [***], so
purchased and delivered in that particular [***]: 
  

					
	  

[***]

 
	  	  

combined total        
 volume [***]        
  
	  	  
 maximum total        
 volume
[***]        
 (in gallons)        

 

	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
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	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]

 PANTRY’s purchases of [***] will be invoiced in accordance with the [***].
Subject to Section 4(a)(5) of this Agreement, the [***] amount to be paid with respect to a [***] of [***] so purchased and delivered in a [***] will be calculated in accordance with the [***] set forth in Section 4(a)(3) of this
Agreement.” 
  
  

  
  

[***] 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. 
  
 3

	(d)	 Section 4(b)(2) of the Agreement is deleted in its entirety and the following is substituted for it:” 

(2)        Volume Eligible for [***]: Contract Years. In
any [***] of any Contract Year in which this Agreement is in effect and PANTRY’s [***] (i) [***] directly from MPC at the Designated Terminals and (ii) [***] (as defined in the GSA) and [***], to that particular [***],[***] will [***]
each [***] of [***] purchased directly from MPC at the Designated Terminals and delivered to the Retail Outlets, for resale at retail, [***], so purchased and delivered in that particular [***]: 

 

					
	
[***]

 
	  	 combined total
 volume [***]
  
	  	 maximum total

volume [***]
  

	 [***]
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	 [***]
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	 [***]
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	 [***]
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	 [***]
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	 [***]
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	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]

 PANTRY’s purchases of [***] will be invoiced in accordance with the [***]. Subject to
Section 4(b)(5) of this Agreement, the [***] amount to be paid with respect to a [***] of [***] so purchased and delivered in a [***] will be calculated in accordance with the [***] set forth in Section 4(b)(3) of this Agreement.”

  

	2.	 This Amendment shall be effective as of January 1, 2012. 

 3.     All capitalized terms used herein and not otherwise defined or redefined herein shall have the meanings assigned to them in the Agreement, and all terms defined or redefined herein
shall be given the meaning set out herein. 
 4.     This Amendment may be executed in counterparts, each of
which will be deemed to be an original and taken together shall be considered as one document. 
 5.     As
amended hereby, the Agreement remains in full force and effect as the legal, binding obligation of the Parties, enforceable in accordance with its terms. 

  
  

[***] 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. 
  
 4

 IN WITNESS WHEREOF, the Parties have executed this Fourth Amendment to Master
Conversion Agreement on the day and year first written. 
  

			
	 THE PANTRY,INC. (“PANTRY”)
	 	MARATHON PETROLEUM COMPANY LP (“MPC”)
		 	 By: MPC Investment LLC, its General Partner

		
	 By: /s/ Dennis G. Hatchell            
	 	 By:  /s/: Thomas M. Kelley        

	 Its President and Chief Executive Officer
	 	 Its Senior Vice President, Marketing

  
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 STATE OF
            NC                     ) 

                           
                               ) SS 
 COUNTY OF               WAKE           ) 

On this     4th     day
of  May                 , 2012, before me, the undersigned Notary Public in and for said County and State, came     Dennis G.
Hatchell          , who did say, under oath, that he is President and Chief Executive Officer of The Pantry, Inc., a Delaware corporation, and that he executed this Fourth Amendment to Master
Conversion Agreement on behalf of and with the authority of said corporation, with full knowledge of its contents and as its free act and deed. 
 IN WITNESS WHEREOF, I have hereunto affixed my hand and seal on the day and year last aforesaid. 
  

 

	
	  /s/ Traca N. Williamson        

	 Notary Public

  

	
	 My Commission expires:

	
	     9/25/2013     

	       (SEAL)

 STATE OF
            Ohio            ) 
                                    
                 ) SS 
 COUNTY
OF          Hancock      ) 
 On
this     4th     day of  June                , 2012, before me, the undersigned Notary Public in and for said County and State, came T. M.
Kelley, as Senior Vice President, Marketing, who did acknowledge that he executed this Fourth Amendment to Master Conversion Agreement on behalf of and with the authority of MPC Investment LLC, general partner of Marathon Petroleum Company LP, with
full knowledge of its contacts and as its free act and deed 
 IN WITNESS WHEREOF, I have hereunto affixed my hand
and seal on the day and year last aforesaid. 
  

	
	  /s/ Cynthia L. Ely                

	 Notary Public

  

	
	 My Commission expires:

	
	         6/5/2016        

	          (SEAL)

  
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