Document:

EX-10.8

 Exhibit 10.8 
 AMERIGAS PROPANE, INC. 
 2010 LONG-TERM INCENTIVE PLAN 

ON BEHALF OF AMERIGAS PARTNERS, L.P. 
 PERFORMANCE UNIT GRANT LETTER 
 This PERFORMANCE UNIT GRANT, dated
January 17, 2012 (the “Date of Grant”), is delivered by AmeriGas Propane, Inc. (the “Company”) to R. Paul Grady (the “Participant”). 
 RECITALS 
 WHEREAS, the AmeriGas Propane, Inc. 2010 Long-Term Incentive
Plan on Behalf of AmeriGas Partners, L.P. (the “Plan”) provides for the grant of performance units (“Performance Units”) with respect to common units of AmeriGas Partners, L.P. (“APLP”); 

WHEREAS, the Plan has been adopted by the Board of Directors of the Company, and approved by the common unit holders of APLP
(“Unitholders”); 
 WHEREAS, a Performance Unit is a performance unit that represents the value of one common unit of
APLP (“Common Unit”); 
 WHEREAS, the Compensation/Pension Committee of the Board of Directors of the Company (the
“Committee”) has decided to grant Performance Units to the Participant on the terms described below; 
 NOW,
THEREFORE, the parties to this Grant Letter, intending to be legally bound hereby, agree as follows: 
 1. Grant of Performance Units.
Subject to the terms and conditions set forth in this Grant Letter and in the Plan, the Committee hereby grants to the Participant a target award of 4,500 Performance Units (the “Target Award”). The Performance Units are contingently
awarded and will be earned and payable if and to the extent that the Performance Goals (described below) and other conditions of the Grant Letter are met. The Performance Units are granted with Distribution Equivalents (as defined in the Plan).

 2. Performance Goals. 
 (a) The Participant shall earn the right to payment of the Performance Units if the Performance Goals described below are met for the Performance Period, and if the Participant continues to be employed by
the Company through December 31, 2014. The Performance Period is the period beginning January 1, 2012 and ending December 31, 2014. The Total Unit Holder Return (“TUR”) goals and other requirements of this Section 2 are
referred to as the “Performance Goals.” 

 (b) The Target Award level of Performance Units and Distribution Equivalents will be payable
if APLP’s TUR equals the median TUR of the comparison group designated by the Committee (the “Peer Group”) for the Performance Period. The Peer Group is the group of master limited partnerships that comprises the Alerian MLP Index as
in effect as of the beginning of the Performance Period; provided that if a company is added to the Alerian MLP Index during the Performance Period, that company is not included in the TUR calculation. A company that is included in the Alerian MLP
Index at the beginning of the Performance Period will be removed from the TUR calculation only if the company ceases to exist as a publicly traded entity during the Performance Period, consistent with the methodology described in subsection
(c) below. The actual amount of the award of Performance Units may be higher or lower than the Target Award, or it may be zero, based on APLP’s TUR percentile rank relative to the companies in the Alerian MLP Index Peer Group, as follows:

  

					
	APLP’s TUR Rank	  	 	 
	 (Percentile)
	  	Percentage of Target Award Earned	 
	 Highest
	  	 	200	% 
	 90th
	  	 	175	% 
	 75th
	  	 	150	% 
	 60th
	  	 	125	% 
	 50th
	  	 	100	% 
	 40th
	  	 	50	% 
	 less than 40th
	  	 	0	% 

 The award percentage earned will be interpolated between each of the measuring points. 

(c) TUR shall be calculated by the Company using the comparative returns methodology used by Bloomberg L.P. or its successor at the time
of the calculation. The price used for determining TUR at the beginning and the end of the Performance Period will be the average price for the 90-day period preceding the beginning of the Performance Period (i.e., the 90-day period ending on
December 31, 2011) and the 90-day period ending on the last day of the Performance Period (i.e., the 90-day period ending on December 31, 2014), respectively. The TUR calculation gives effect to all dividends throughout the three-year
Performance Period as if they had been reinvested. 
 (d) The Target Award is the amount designated for 100% (50th TUR rank)
performance. The Participant can earn up to 200% of the Target Award if APLP’s TUR percentile rank exceeds the 50th TUR percentile rank, according to the foregoing schedule. 

(e) At the end of the Performance Period, the Committee will determine whether and to what extent the Performance Goals have been met and
the amount to be paid with respect to the Performance Units. The Participant must be employed by the Company or its Affiliates (as defined in the Plan) on December 31, 2014 in order for the Participant to receive payment with respect to the
Performance Units. 

  
 2 

 3. Termination of Employment or Service. If the Participant’s employment with the Company
terminates before December 31, 2014 for any reason, the Performance Units and all Distribution Equivalents credited under this Grant Letter will be forfeited. 
 4. Payment with Respect to Performance Units. If the Committee determines that the conditions to payment of the Performance Units have been met, the Company shall pay to the Participant, between
January 1, 2015 and March 15, 2015, Common Units equal to the number of Performance Units to be paid according to achievement of the Performance Goals, provided that the Company may withhold Common Units to cover required tax withholding
in an amount equal to the minimum statutory tax withholding requirement in respect of the Performance Units earned. 
 5. Distribution
Equivalents with Respect to Performance Units. 
 (a) Distribution Equivalents shall accrue with respect to Performance Units
and shall be payable subject to the same Performance Goals and terms as the Performance Units to which they relate. Distribution Equivalents shall be credited with respect to the Target Award of Performance Units from the Date of Grant until the
payment date. If and to that extent the underlying Performance Units are forfeited, all related Distribution Equivalents shall also be forfeited. 
 (b) While the Performance Units are outstanding, the Company will keep records of Distribution Equivalents in a bookkeeping account for the Participant. On each payment date for a distribution paid by
APLP on its Common Units, the Company shall credit to the Participant’s account an amount equal to the Distribution Equivalents associated with the Target Award of Performance Units held by the Participant on the record date for the
distribution. No interest will be credited to any such account. 
 (c) The target amount of Distribution Equivalents (100% of
the Distribution Equivalents credited to the Participant’s account) will be earned if APLP’s TUR rank is at the 50th TUR percentile rank for the Performance Period. The Participant can earn up to 200% of the target amount of Distribution
Equivalents if APLP’s TUR rank exceeds the 50th TUR percentile rank, according to the schedule in Section 2 above. If the Participant’s employment with the Company terminates before December 31, 2014, all Distribution Equivalents
will be forfeited. 
 (d) Distribution Equivalents will be paid in cash at the same time and on the same terms as the underlying
Performance Units are paid, after the Committee determines that the conditions to payment have been met. 
 6. Withholding. The
Participant shall be required to pay to the Company, or make other arrangements satisfactory to the Company to provide for the payment of, any federal (including FICA), state, local or other taxes that the Company is required to withhold with
respect to the payments under this Grant Letter. 
  

  
 3 

 7. Change of Control. If a Change of Control (as defined in the Plan) occurs during the Performance
Period, the outstanding Performance Units and Distribution Equivalents shall be paid in cash in an amount equal to the greater of (i) the Target Award amount or (ii) the award amount that would be paid as if the Performance Period ended on
the date of the Change of Control, based on the Company’s achievement of the Performance Goals as of the date of the Change of Control, as determined by the Committee. The Performance Units and Distribution Equivalents shall be paid on the
closing date of the Change of Control. 
 8. Grant Subject to Plan Provisions. 

(a) This grant is made pursuant to the Plan and the Terms and Conditions established by the Committee with respect to the Plan, both of
which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. The grant and payment of Performance Units and Distribution Equivalents are subject to interpretations, regulations and determinations
concerning the Plan established from time to time by the Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (i) the registration, qualification or listing of the Common Units,
(ii) adjustments pursuant to Section 5(c) of the Plan and (iii) other requirements of applicable law. The Committee shall have the authority to interpret and construe the grant pursuant to the terms of the Plan, and its decisions
shall be conclusive as to any questions arising hereunder. 
 (b) This Performance Unit grant and all Common Units issued
pursuant to this Performance Unit grant shall be subject to the UGI Corporation Stock Ownership Policy as adopted by the Board of Directors of the Company and any applicable clawback and other policies implemented by the Board of Directors of the
Company, as in effect from time to time. 
 (c) No reduction shall be made to amounts payable under this Grant Letter by reason
of Section 4.01(e) of the AmeriGas Propane, Inc. Senior Executive Employee Severance Plan or the AmeriGas Propane, Inc. Executive Employee Severance Plan, as applicable. 
 9. No Employment or Other Rights. The grant of Performance Units shall not confer upon the Participant any right to be retained by or in the employ of the Company and shall not interfere in any way
with the right of the Company to terminate the Participant’s employment at any time. The right of the Company to terminate at will the Participant’s employment at any time for any reason is specifically reserved. 

10. No Unit Holder Rights. Neither the Participant, nor any person entitled to receive payment in the event of the Participant’s death, shall
have any of the rights and privileges of a Unitholder with respect to the Common Units related to the Performance Units, unless and until certificates for the Common Units have been issued to the Participant or successor. 

11. Assignment and Transfers. The rights and interests of the Participant under this Grant Letter may not be sold, assigned, encumbered or
otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution. If the Participant dies, any payments to be made under this Grant Letter after the Participant’s death shall be paid
to the Participant’s estate. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and Affiliates. 

12. Section 409A. This Grant Letter is intended to comply with the “short-term deferral” exception to section 409A of the Internal
Revenue Code. 

  
 4 

 13. Applicable Law. The validity, construction, interpretation and effect of this Grant Letter shall
be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without giving effect to the conflicts of laws provisions thereof. 
 14. Notice. Any notice to the Company provided for in this Grant Letter shall be addressed to the Company in care of the Corporate Secretary at the Company’s headquarters, and any notice to
the Participant shall be addressed to such Participant at the current address shown on the payroll of the Company, or to such other address as the Participant may designate to the Company in writing. Any notice shall be delivered by hand, sent by
telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service. 

  
 5 

 IN WITNESS WHEREOF, the Company has caused its duly authorized officers to execute and
attest this Grant Letter, and the Participant has executed this Grant Letter, effective as of the Date of Grant. 
  

							
		 		 	AmeriGas Propane, Inc.
				
	Attest	 		 		 	
				
	  
	 		 	By:	 	 
	Assistant Secretary	 		 		 	Vice President-Law and General Counsel
		 		 		 	

 I hereby acknowledge receipt of the Plan and the Terms and Conditions incorporated herein. I accept the Performance Units
described in this Grant Letter, and I agree to be bound by the terms of the Plan, including the Terms and Conditions, and this Grant Letter. I hereby further agree that all the decisions and determinations of the Committee shall be final and binding
on me and any other person having or claiming a right under this grant. 
  

	
	Participant

  
 6EX-10.9

 Exhibit 10.9 
 UGI CORPORATION 
 2004 OMNIBUS EQUITY COMPENSATION PLAN 

NONQUALIFIED STOCK OPTION GRANT LETTER 
 This STOCK OPTION GRANT, dated January 17, 2012 (the “Date of Grant”), is delivered by UGI Corporation (“UGI”) to R. Paul Grady (the “Participant”). 

RECITALS 

The UGI Corporation 2004 Omnibus Equity Compensation Plan, as amended (the “Plan”), provides for the grant of options to
purchase shares of common stock of UGI. The Compensation and Management Development Committee of the Board of Directors of UGI (the “Committee”) has decided to make a stock option grant to the Participant. 

NOW, THEREFORE, the parties to this Grant Letter, intending to be legally bound hereby, agree as follows: 

1. Grant of Option. Subject to the terms and conditions set forth in this Grant Letter and in the Plan, the Committee hereby grants to the
Participant a nonqualified stock option (the “Option”) to purchase 30,000 shares of common stock of UGI (“Shares”) at an exercise price of $28.03 per Share. The Option shall become exercisable according to Paragraph 2 below.

 2. Exercisability of Option. The Option shall become exercisable on the following dates, if the Participant is employed by,
or providing service to, the Company (as defined below) on the applicable date: 
  

					
	 Date
	  	Shares for Which the
Option 
is Exercisable	 
	 January 17, 2013
	  	 	33 1/3	% 
	 January 17, 2014
	  	 	33 1/3	% 
	 January 17, 2015
	  	 	33 1/3	% 

 The exercisability of the Option is cumulative, but shall not exceed 100% of the Shares subject to the Option. If the
foregoing schedule would produce fractional Shares, the number of Shares for which the Option becomes exercisable shall be rounded down to the nearest whole Share. 
 3. Term of Option. 
 (a) The Option shall have a term of ten years from the
Date of Grant and shall terminate at the expiration of that period (5:00 p.m. EST on January 16, 2022), unless it is terminated at an earlier date pursuant to the provisions of this Grant Letter or the Plan. 

(b) Except as provided below, if the Participant ceases to be employed by, or provide service to, the Company, the Option will terminate
on the date the Participant ceases such employment or service. 

 (c) If, on or after January 1, 2015, the Participant ceases to be employed by, or provide
service to, the Company by reason of (i) Termination Without Cause (as defined below), (ii) Retirement (as defined below), (iii) Disability (as defined below), or (iv) death, the Option held by the Participant will thereafter be exercisable pursuant
to the following terms: 
 (i) Termination Without Cause. If the Participant terminates employment or
service on account of a Termination without Cause, on or after January 1, 2015, the Option will thereafter be exercisable only with respect to that number of Shares with respect to which the Option is already exercisable on the date the
Participant’s employment or service terminates. Such portion of the Option will terminate upon the earlier of the expiration date of the Option or the expiration of the 13-month period commencing on the date the Participant ceases to be
employed by, or provide service to, the Company. 
 (ii) Retirement. If the Participant ceases to be
employed by, or provide service to, the Company on account of Retirement, on or after January 1, 2015, the Option will thereafter become exercisable as if the Participant had continued to be employed by, or provide service to, the Company after the
date of such Retirement. The Option will terminate upon the expiration date of the Option. 
 (iii)
Disability. If the Participant ceases to be employed by, or provide service to, the Company on account of Disability, on or after January 1, 2015, the Option will thereafter become exercisable as if the Participant had continued to provide
service to the Company for 36 months after the date of such termination of employment or service. The Option will terminate upon the earlier of the expiration date of the Option or the expiration of such 36-month period. 

(iv) Death. In the event of the death of the Participant while employed by, or providing service to, the Company,
on or after January 1, 2015, the Option will be fully and immediately exercisable and may be exercised at any time prior to the earlier of the expiration date of the Option or the expiration of the 12-month period following the Participant’s
death. Death of the Participant after the Participant has ceased to be employed by, or provide service to, the Company will not affect the otherwise applicable period for exercise of the Option determined pursuant to subsections (i), (ii) or (iii)
above. After the Participant’s death, the Participant’s Option may be exercised by the Participant’s estate. 
 4. Exercise
Procedures. 
 (a) Subject to the provisions of Paragraphs 2 and 3 above, the Participant may exercise part or all of the
exercisable Option by giving UGI irrevocable written notice of intent to exercise on a form provided by UGI and delivered in the manner provided in Section 13 below. Payment of the exercise price and any applicable withholding taxes must be made
prior to issuance of the Shares. The Participant shall pay the exercise price (i) in cash, (ii) by delivering Shares (or by attestation to ownership of Shares), which shall be valued at their fair market value on the date of delivery, and which
shall have a fair market value on the date of exercise equal to the exercise price, (iii) by payment through a broker in accordance with procedures acceptable to the Committee and permitted by Regulation T of the Federal Reserve Board or (iv) by
such other method as the Committee may approve. The Committee may impose such limitations as it deems appropriate on the use of Shares to exercise the Option. 

  
 -2-

 (b) The obligation of UGI to deliver Shares upon exercise of the Option shall be subject to
all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriate by the Committee, including such actions as UGI’s counsel shall deem necessary or appropriate to comply with relevant
securities laws and regulations. UGI may require that the Participant (or other person exercising the Option after the Participant’s death) represent that the Participant is purchasing Shares for the Participant’s own account and not with
a view to or for sale in connection with any distribution of the Shares, or such other representation as UGI deems appropriate. 

(c) All obligations of UGI under this Grant Letter shall be subject to the rights of the Company as set forth in the Plan to withhold
amounts required to be withheld for any taxes, if applicable. 
 5. Definitions. Whenever used in this Grant Letter, the following terms
shall have the meanings set forth below: 
 (a) “Company” means UGI and its Subsidiaries (as defined in the
Plan). 
 (b) “Disability” means a long-term disability as defined in the Company’s long-term disability
plan applicable to the Participant. 
 (c) “Employed by, or provide service to, the Company” shall mean
employment or service as an employee or director of the Company. 
 (d) “Retirement” means the
Participant’s retirement under the Retirement Income Plan for Employees of UGI Utilities, Inc., if the Participant is covered by that Retirement Income Plan. “Retirement” for other Company employees means termination of employment
after attaining age 55 with ten or more years of service with the Company. 
 (e) “Termination without Cause”
means termination of employment for the convenience of the Company for any reason other than (i) misappropriation of funds, (ii) habitual insobriety or substance abuse, (iii) conviction of a crime involving moral turpitude, or (iv) gross negligence
in the performance of duties, which gross negligence has had a material adverse effect on the business, operations, assets, properties or financial condition of the Company. The Committee may determine in its sole discretion whether, and under what
circumstances, the Participant’s voluntary termination upon a significant reduction in the Participant’s duties and responsibilities will constitute a Termination without Cause for purposes of the Grant Letter. 

6. Change of Control. If a Change of Control occurs, the outstanding Option will become fully exercisable as of the date of the Change of Control,
and the Committee may take such actions as it deems appropriate pursuant to the Plan. If the Participant is an employee of AmeriGas Propane, Inc. (“AmeriGas”) or a subsidiary of, or other entity controlled by, AmeriGas, the term
“Change of Control” shall mean (i) a Change of Control of UGI, as defined in the Plan or (ii) one of the events set forth in Exhibit A with respect to AmeriGas. 

  
 -3-

 7. Restrictions on Exercise. Except as the Committee may otherwise permit pursuant to the Plan, only
the Participant may exercise the Option during the Participant’s lifetime and, after the Participant’s death, the Option shall be exercisable by the Participant’s estate, to the extent that the Option is exercisable pursuant to this
Grant Letter. 
 8. Grant Subject to Plan Provisions and Company Policies. 

(a) This grant is made pursuant to the Plan and the Terms and Conditions established by the Committee with respect to the Plan, both of
which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan and the Terms and Conditions. The grant and exercise of the Option are subject to interpretations, regulations and determinations
concerning the Plan established from time to time by the Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (i) the registration, qualification or listing of the Shares, (ii) changes in
capitalization of the Company and (iii) other requirements of applicable law. The Committee shall have the authority to interpret and construe the Option pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions
arising hereunder. 
 (b) All Shares issued pursuant to this Option grant shall be subject to the UGI Corporation Stock Ownership
Policy. This Option grant and all Shares issued pursuant to this Option grant shall be subject to any applicable clawback and other policies implemented by the Board of Directors of UGI, as in effect from time to time. 

9. No Employment or Other Rights. The grant of the Option shall not confer upon the Participant any right to be retained by or in the employ or
service of the Company and shall not interfere in any way with the right of the Company to terminate the Participant’s employment or service at any time. The right of the Company to terminate at will the Participant’s employment or service
at any time for any reason is specifically reserved. 
 10. No Shareholder Rights. Neither the Participant, nor any person entitled to
exercise the Participant’s rights in the event of the Participant’s death, shall have any of the rights and privileges of a shareholder with respect to the Shares subject to the Option, until certificates for Shares have been issued upon
the exercise of the Option. 
 11. Assignment and Transfers. The rights and interests of the Participant under this Grant Letter may not
be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution. The rights and protections of the Company hereunder shall extend to any successors or
assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. 
 12. Applicable Law. The validity,
construction, interpretation and effect of this instrument shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without giving effect to the conflicts of laws provisions thereof. 

13. Notice. Any notice to UGI provided for in this instrument shall be addressed to UGI in care of the Corporate Secretary at UGI’s
headquarters, and any notice to the Participant shall be addressed to such Participant at the current address shown on the payroll of the Company, or to such other address as the Participant may designate to the Company in writing. Any notice shall
be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service. 

  
 -4-

 IN WITNESS WHEREOF, UGI has caused its duly authorized officers to execute and attest this
Grant Letter, and the Participant has executed this Grant Letter, effective as of the Date of Grant. 
  

							
		 		 	UGI Corporation
				
	Attest	 		 		 	
				
	  
	 		 	By:	 	 
	 Margaret M. Calabrese

Corporate Secretary
	 		 		 	 Steven A. Samuel
 Vice
President - Law and General Counsel

		 		 		 	

 I hereby acknowledge receipt of the Plan and the Terms and Conditions incorporated herein. I accept the Option described
in this Grant Letter, and I agree to be bound by the terms of the Plan, including the Terms and Conditions, and this Grant Letter. I hereby further agree that all the decisions and determinations of the Committee shall be final and binding on me and
any other person having or claiming a right under this grant. 
  

	
	Participant

  
 -5-

 EXHIBIT A 
 Change of Control with Respect to AmeriGas 
 For Participants who are employees of
AmeriGas, or a subsidiary of AmeriGas, the term “Change of Control” shall include the events set forth in this Exhibit A with respect to AmeriGas, and the defined terms used in this Exhibit A shall have the following meanings: 

1. “Change of Control” shall include any of the following events: 
 (A) Completion by AmeriGas, the Public Partnership or the Operating Partnership of a reorganization, merger or consolidation (a “Propane Business Combination”), in each case, with respect to
which all or substantially all of the individuals and entities who were the respective Beneficial Owners of the AmeriGas voting securities or of the outstanding units of AmeriGas Partners, L.P. (“Outstanding Units”) immediately prior to
such Propane Business Combination do not, following such Propane Business Combination, Beneficially Own, directly or indirectly, (a) if the entity resulting from such Propane Business Combination is a corporation, more than fifty percent (50%) of,
respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of such corporation in substantially the
same proportion as their ownership immediately prior to such Combination of the AmeriGas’ voting securities or the Outstanding Units, as the case may be, or, (b) if the entity resulting from such Propane Business Combination is a partnership,
more than fifty percent (50%) of the then outstanding common units of such partnership in substantially the same proportion as their ownership immediately prior to such Propane Business Combination of AmeriGas’ voting securities or the
Outstanding Units, as the case may be; or 
 (B) (a) Completion of a complete liquidation or dissolution of AmeriGas, the Public
Partnership or the Operating Partnership or (b) sale or other disposition of all or substantially all of the assets of AmeriGas, the Public Partnership or the Operating Partnership other than to an entity with respect to which, following such sale
or disposition, (I) if such entity is a corporation, more than fifty percent (50%) of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in
the election of directors is then owned beneficially, directly or indirectly, by all or substantially all of the individuals and entities who were the Beneficial Owners, respectively, of AmeriGas’ voting securities or of the Outstanding Units,
as the case may be, immediately prior to such sale or disposition in substantially the same proportion as their ownership of AmeriGas’ voting securities or of the Outstanding Units, as the case may be, immediately prior to such sale or
disposition, or, (II) if such entity is a partnership, more than fifty percent (50%) of the then outstanding common units is then owned beneficially, directly or indirectly, by all or substantially all of the individuals and entities who were the
Beneficial Owners, respectively, of AmeriGas’ voting securities or of the Outstanding Units, as the case may be, immediately prior to such sale or disposition in substantially the same proportion as their ownership of AmeriGas’ voting
securities or of the Outstanding Units immediately prior to such sale or disposition; or 

  
 A-1

 (C) UGI and the UGI Subsidiaries fail to own more than fifty percent (50%) of the then
outstanding general partnership interests of the Public Partnership or the Operating Partnership; or 
 (D) UGI and the UGI
Subsidiaries fail to own more than fifty percent (50%) of the then outstanding shares of common stock of AmeriGas or more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of AmeriGas entitled to vote
generally in the election of directors; or 
 (E) AmeriGas is removed as the general partner of the Public Partnership by vote of
the limited partners of the Public Partnership, or is removed as the general partner of the Public Partnership or the Operating Partnership as a result of judicial or administrative proceedings involving AmeriGas, the Public Partnership or the
Operating Partnership. 
 2. “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule
12b-2 of the General Rules and Regulations under the Exchange Act. 
 3. A Person shall be deemed the “Beneficial Owner” of any
securities: (i) that such Person or any of such Person’s Affiliates or Associates, directly or indirectly, has the right to acquire (whether such right is exercisable immediately or only after the passage of time) pursuant to any agreement,
arrangement or understanding (whether or not in writing) or upon the exercise of conversion rights, exchange rights, rights, warrants or options, or otherwise; provided, however, that a person shall not be deemed the “Beneficial
Owner” of securities tendered pursuant to a tender or exchange offer made by such Person or any of such person’s Affiliates or Associates until such tendered securities are accepted for payment, purchase or exchange; (ii) that such Person
or any of such Person’s Affiliates or Associates, directly or indirectly, has the right to vote or dispose of or has “beneficial ownership” of (as determined pursuant to Rule 13d-3 of the General Rules and Regulations under the
Exchange Act), including without limitation pursuant to any agreement, arrangement or understanding, whether or not in writing; provided, however, that a Person shall not be deemed the “Beneficial Owner” of any security under
this clause (ii) as a result of an oral or written agreement, arrangement or understanding to vote such security if such agreement, arrangement or understanding (A) arises solely from a revocable proxy given in response to a public proxy or consent
solicitation made pursuant to, and in accordance with, the applicable provisions of the General Rules and Regulations under the Exchange Act, and (B) is not then reportable by such Person on Schedule 13D under the Exchange Act (or any comparable or
successor report); or (iii) that are beneficially owned, directly or indirectly, by any other Person (or any Affiliate or Associate thereof) with which such Person (or any of such Person’s Affiliates or Associates) has any agreement,
arrangement or understanding (whether or not in writing) for the purpose of acquiring, holding, voting (except pursuant to a revocable proxy as described in the proviso to clause (ii) above) or disposing of any securities; provided,
however, that nothing in this Section 1(c) shall cause a Person engaged in business as an underwriter of securities to be the “Beneficial Owner” of any securities acquired through such Person’s participation in good faith in a
firm commitment underwriting until the expiration of forty (40) days after the date of such acquisition. 
 4. “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended. 

  
 A-2

 5. “Operating Partnership” shall mean AmeriGas Propane, L.P. 

6. “Public Partnership” shall mean AmeriGas Partners, L.P. 
 7. “Person” shall mean an individual or a corporation, partnership, trust, unincorporated organization, association, or other entity. 
 8. “UGI Subsidiary” shall mean any corporation in which UGI directly or indirectly, owns at least a fifty percent (50%) interest or an unincorporated entity of which UGI, as applicable, directly
or indirectly, owns at least fifty percent (50%) of the profits or capital interests. 

  
 A-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}]]