Document:

Indenture, dated December 21, 2005

 Exhibit 4.3 

 STRIPES ACQUISITION LLC 
 (to be merged with and
into SUSSER HOLDINGS, L.L.C.) 
 SUSSER FINANCE CORPORATION, as Issuers 
 The GUARANTORS party hereto, as Guarantors 
 and 
 THE BANK OF NEW YORK, as Trustee 
 10 5/8% SENIOR NOTES DUE 2013 
 INDENTURE 
 Dated as of December 21, 2005 
  

 TABLE OF CONTENTS 
  

					
	  	  	 	  	Page
	 ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	1
			
	 Section 1.01.
	  	 Definitions
	  	1
			
	 Section 1.02.
	  	 Other Definitions
	  	27
			
	 Section 1.03.
	  	 Incorporation by Reference of Trust Indenture Act
	  	27
			
	 Section 1.04.
	  	 Rules of Construction
	  	28
		
	 ARTICLE 2. THE NOTES
	  	28
			
	 Section 2.01.
	  	 Form and Dating
	  	28
			
	 Section 2.02.
	  	 Execution and Authentication
	  	29
			
	 Section 2.03.
	  	 Registrar and Paying Agent
	  	30
			
	 Section 2.04.
	  	 Paying Agent to Hold Money in Trust
	  	30
			
	 Section 2.05.
	  	 Holder Lists
	  	31
			
	 Section 2.06.
	  	 Transfer and Exchange
	  	31
			
	 Section 2.07.
	  	 Replacement Notes
	  	46
			
	 Section 2.08.
	  	 Outstanding Notes
	  	46
			
	 Section 2.09.
	  	 Treasury Notes
	  	47
			
	 Section 2.10.
	  	 Temporary Notes
	  	47
			
	 Section 2.11.
	  	 Cancellation
	  	47
			
	 Section 2.12.
	  	 Defaulted Interest
	  	47
			
	 Section 2.13.
	  	 CUSIP Numbers
	  	48
			
	 Section 2.14.
	  	 Issuance of Additional Notes
	  	48
		
	 ARTICLE 3. REDEMPTION AND PREPAYMENT
	  	49
			
	 Section 3.01.
	  	 Notices to Trustee
	  	49
			
	 Section 3.02.
	  	 Selection of Notes to Be Redeemed or Purchased
	  	49
			
	 Section 3.03.
	  	 Notice of Redemption
	  	50
			
	 Section 3.04.
	  	 Effect of Notice of Redemption
	  	50
			
	 Section 3.05.
	  	 Deposit of Redemption or Purchase Price
	  	51
			
	 Section 3.06.
	  	 Notes Redeemed or Purchased in Part
	  	51
			
	 Section 3.07.
	  	 Optional Redemption
	  	51
			
	 Section 3.08.
	  	 Mandatory Redemption
	  	52
			
	 Section 3.09.
	  	 Offer to Purchase by Application of Excess Proceeds
	  	52
		
	 ARTICLE 4. COVENANTS
	  	54
			
	 Section 4.01.
	  	 Payment of Notes
	  	54

  

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	 Section 4.02.
	  	 Maintenance of Office or Agency
	  	54
			
	 Section 4.03.
	  	 Reports
	  	55
			
	 Section 4.04.
	  	 Compliance Certificate
	  	56
			
	 Section 4.05.
	  	 Taxes
	  	57
			
	 Section 4.06.
	  	 Stay, Extension and Usury Laws
	  	57
			
	 Section 4.07.
	  	 Restricted Payments
	  	58
			
	 Section 4.08.
	  	 Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	61
			
	 Section 4.09.
	  	 Incurrence of Indebtedness and Issuance of Preferred Stock
	  	63
			
	 Section 4.10.
	  	 Asset Sales
	  	66
			
	 Section 4.11.
	  	 Transactions with Affiliates
	  	68
			
	 Section 4.12.
	  	 Liens
	  	70
			
	 Section 4.13.
	  	 Business Activities
	  	70
			
	 Section 4.14.
	  	 Corporate Existence
	  	71
			
	 Section 4.15.
	  	 Offer to Repurchase upon Change of Control
	  	71
			
	 Section 4.16.
	  	 Limitation on Issuances of Guarantees of Indebtedness
	  	72
			
	 Section 4.17.
	  	 Payments for Consent
	  	72
			
	 Section 4.18.
	  	 Additional Note Guarantees
	  	73
			
	 Section 4.19.
	  	 Designation of Restricted and Unrestricted Subsidiaries
	  	73
			
	 Section 4.20.
	  	 Sale and Leaseback Transactions
	  	74
		
	 ARTICLE 5. SUCCESSORS
	  	74
			
	 Section 5.01.
	  	 Merger, Consolidation, or Sale of Assets
	  	74
			
	 Section 5.02.
	  	 Successor Corporation Substituted
	  	75
		
	 ARTICLE 6. DEFAULTS AND REMEDIES
	  	76
			
	 Section 6.01.
	  	 Events of Default
	  	76
			
	 Section 6.02.
	  	 Acceleration
	  	77
			
	 Section 6.03.
	  	 Other Remedies
	  	78
			
	 Section 6.04.
	  	 Waiver of Past Defaults
	  	78
			
	 Section 6.05.
	  	 Control by Majority
	  	78
			
	 Section 6.06.
	  	 Limitation on Suits
	  	79
			
	 Section 6.07.
	  	 Rights of Holders to Receive Payment
	  	79
			
	 Section 6.08.
	  	 Collection Suit by Trustee
	  	79

  

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	 Section 6.09.
	  	 Trustee May File Proofs of Claim
	  	80
			
	 Section 6.10.
	  	 Priorities
	  	80
			
	 Section 6.11.
	  	 Undertaking for Costs
	  	81
		
	 ARTICLE 7. TRUSTEE
	  	81
			
	 Section 7.01.
	  	 Duties of Trustee
	  	81
			
	 Section 7.02.
	  	 Rights of Trustee
	  	82
			
	 Section 7.03.
	  	 Individual Rights of Trustee
	  	84
			
	 Section 7.04.
	  	 Trustee’s Disclaimer
	  	84
			
	 Section 7.05.
	  	 Notice of Defaults
	  	84
			
	 Section 7.06.
	  	 Reports by Trustee to Holders of the Notes
	  	84
			
	 Section 7.07.
	  	 Compensation and Indemnity
	  	85
			
	 Section 7.08.
	  	 Replacement of Trustee
	  	86
			
	 Section 7.09.
	  	 Successor Trustee by Merger, etc
	  	87
			
	 Section 7.10.
	  	 Eligibility; Disqualification
	  	87
			
	 Section 7.11.
	  	 Preferential Collection of Claims Against Issuers
	  	87
		
	 ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	87
			
	 Section 8.01.
	  	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	87
			
	 Section 8.02.
	  	 Legal Defeasance and Discharge
	  	87
			
	 Section 8.03.
	  	 Covenant Defeasance
	  	88
			
	 Section 8.04.
	  	 Conditions to Legal or Covenant Defeasance
	  	88
			
	 Section 8.05.
	  	 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions
	  	90
			
	 Section 8.06.
	  	 Repayment to Issuers
	  	90
			
	 Section 8.07.
	  	 Reinstatement
	  	91
		
	 ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER
	  	91
			
	 Section 9.01.
	  	 Without Consent of Holders
	  	91
			
	 Section 9.02.
	  	 Section 9.02 With Consent of Holders
	  	92
			
	 Section 9.03.
	  	 Compliance with Trust Indenture Act
	  	93
			
	 Section 9.04.
	  	 Revocation and Effect of Consents
	  	93
			
	 Section 9.05.
	  	 Notation on or Exchange of Notes
	  	94
			
	 Section 9.06.
	  	 Trustee to Sign Amendments, etc
	  	94
		
	 ARTICLE 10. [RESERVED]
	  	94

  

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	 ARTICLE 11. NOTE GUARANTEES
	  	94
			
	 Section 11.01.
	  	 Guarantee
	  	94
			
	 Section 11.02.
	  	 Limitation on Guarantor Liability
	  	95
			
	 Section 11.03.
	  	 Execution and Delivery of Note Guarantee
	  	96
			
	 Section 11.04.
	  	 Guarantors May Consolidate, etc., on Certain Terms
	  	96
			
	 Section 11.05.
	  	 Releases
	  	97
		
	 ARTICLE 12. SATISFACTION AND DISCHARGE
	  	98
			
	 Section 12.01.
	  	 Satisfaction and Discharge
	  	98
			
	 Section 12.02.
	  	 Application of Trust Money
	  	99
		
	 ARTICLE 13. MISCELLANEOUS
	  	100
			
	 Section 13.01.
	  	 Trust Indenture Act Controls
	  	100
			
	 Section 13.02.
	  	 Notices
	  	100
			
	 Section 13.03.
	  	 Communication by Holders with Other Holders
	  	101
			
	 Section 13.04.
	  	 Certificate and Opinion as to Conditions Precedent
	  	101
			
	 Section 13.05.
	  	 Statements Required in Certificate
	  	101
			
	 Section 13.06.
	  	 Rules by Trustee and Agents
	  	102
			
	 Section 13.07.
	  	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	102
			
	 Section 13.08.
	  	 Governing Law
	  	102
			
	 Section 13.09.
	  	 No Adverse Interpretation of Other Agreements
	  	102
			
	 Section 13.10.
	  	 Successors
	  	103
			
	 Section 13.11.
	  	 Severability
	  	103
			
	 Section 13.12.
	  	 Counterpart Originals
	  	103
			
	 Section 13.13.
	  	 Table of Contents, Headings, etc
	  	103
			
	 Section 13.14.
	  	 Effect of Acquisition
	  	103

  

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 INDENTURE dated as of December 21, 2005 among Stripes Acquisition LLC, a Delaware limited liability
company (to be merged with and into Susser Holdings, L.L.C., a Delaware limited liability company)( (the “Company”), Susser Finance Corporation, a Delaware corporation (“SFC” and, together with the Company, the
“Issuers”), each of the Guarantors party hereto, as Guarantors, and The Bank of New York, as trustee (the “Trustee”). 
 Upon the merger of Stripes Acquisition LLC into Susser Holdings, L.L.C., Susser Holdings, L.L.C. will be the surviving limited liability company of such merger and successor to Stripes Acquisition LLC’s
obligations under the Notes and this Indenture. 
 The Issuers, the Guarantors and the Trustee agree as follows for the benefit of each other
and for the equal and ratable benefit of the Holders (as defined) of the 10 5/8% Senior Notes due 2013 (the
“Notes”): 
 ARTICLE 1. 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.01. Definitions. 
 “144A Global Note” means a Global Note substantially in the form of Exhibit A1 hereto bearing the Global Note Legend and the Private
Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A. 

“Acquired Debt” means, with respect to any specified Person: 
 (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such
specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of, such specified Person; provided, however, that Indebtedness of such
acquired Person which is redeemed, defeased, retired or otherwise repaid at the time of or immediately upon consummation of the transactions by which such Person merges with or into or becomes a Subsidiary of such Person shall not be Acquired Debt;
and 
 (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 
 “Additional Interest” means all additional interest then owing pursuant to the Registration Rights Agreement. 
 “Additional Notes” means additional Notes (other than the Initial Notes) issued under this Indenture in accordance with
Section 2.14 hereof, as part of the same series as the Initial Notes. 

 “Affiliate” of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative meanings. 
 “Agent”
means any Registrar, co-registrar, Paying Agent or additional paying agent. 
 “Applicable Procedures” means, with respect
to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
 “Asset Sale” means: 
 (1) the sale, lease, conveyance or other disposition of any assets or rights; provided that the sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole will
be governed by the provisions of Section 4.15 and/or Section 5.01 hereof and not by Section 4.10 hereof; and 
 (2) the issuance or sale of Equity Interests in any of the Company’s Restricted Subsidiaries (other than Equity Interests required by applicable law to be held by a Person other than the Company or a Restricted Subsidiary). 

Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale: 
 (1) any single transaction or series of related transactions that involves assets having a Fair Market Value of less than $1.0 million;

 (2) a transfer of assets between or among the Company and its Restricted Subsidiaries; 
 (3) an issuance of Equity Interests by a Restricted Subsidiary of the Company to the Company or to a Restricted Subsidiary of the Company;

 (4) the sale, lease or discount of products, services or accounts receivable in the ordinary course of business and any
sale or other disposition of damaged, worn-out or obsolete (or otherwise unsuitable for use in connection with the business of Holdings and its Restricted Subsidiaries) assets in the ordinary course of business; 
 (5) the sale or other disposition of cash or Cash Equivalents; 
 (6) a Restricted Payment that does not violate Section 4.07 hereof or a Permitted Investment; 
  

 2 

 (7) dispositions of Investments or receivables in connection with the compromise,
settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; 
 (8) the granting of a Lien permitted by this Indenture; 
 (9) the unwinding of any Hedging Obligations; 
 (10) licenses, leases or subleases of property in the ordinary course of business which do not materially interfere with the business of
the Company and its Restricted Subsidiaries; 
 (11) the sale or other disposition of Equity Interests of, or any Investment
in, an Unrestricted Subsidiary; and 
 (12) the sale of Permitted Investments (other than sales of Equity Interests of any of
the Company’s Restricted Subsidiaries) made by the Company or any Restricted Subsidiary after the date of this Indenture, if such Permitted Investments were (a) received in exchange for, or purchased out of the net cash proceeds of the
substantially concurrent sale (other than to a Subsidiary of the Company) of, Equity Interests of the Company (other than Disqualified Stock) or (b) received in the form of, or were purchased from the proceeds of, a substantially concurrent
contribution of common equity capital to the Company. 
 “Attributable Debt” in respect of a Sale and Leaseback Transaction
means, at the time of determination, the present value (discounted at the rate of interest implicit in such transaction, determined in accordance with GAAP) of the total obligations of the lessee for rental payments during the remaining term of the
lease included in such Sale and Leaseback Transaction (including any period for which such lease has been extended). 
 “Bankruptcy
Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 
 “Beneficial Owner”
has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange
Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently
exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 “Board of Directors” means: 
 (1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf of such board of directors; 
  

 3 

 (2) with respect to a partnership, the board of directors of the general partner of the
partnership; 
 (3) with respect to a limited liability company, the managing member or members or any controlling committee
of managing members thereof; and 
 (4) with respect to any other Person, the board or committee of such Person serving a
similar function. 
 “Business Day” means any day other than a Legal Holiday. 
 “Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a capital lease
that would at that time be required to be capitalized on a balance sheet prepared in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date
upon which such lease may be prepaid by the lessee without payment of a penalty. 
 “Capital Stock” means: 
 (1) in the case of a corporation, corporate stock; 
 (2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company, partnership interests
(whether general or limited) or membership interests; and 
 (4) any other interest or participation that confers on a Person
the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any
right of participation with Capital Stock, including, in each case, Preferred Stock. 
 “Cash Equivalents” means:

 (1) United States dollars; 
 (2) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality of the United States government (provided that the full faith and credit of the United
States is pledged in support of those securities) having maturities of not more than one year from the date of acquisition; 
 (3) certificates of deposit and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any
lender party to a Credit Facility or with any domestic commercial bank having capital and surplus in excess of $500.0 million and a Thomson Bank Watch Rating of “B” or better; 
  

 4 

 (4) repurchase obligations with a term of not more than 365 days for underlying
securities of the type described in clauses (2) and (3) above entered into with any financial institution meeting the qualifications specified in clause (3) above; 
 (5) commercial paper having one of the two highest ratings obtainable from Moody’s Investors Service, Inc. or Standard &
Poor’s Rating Services and in each case maturing within six months after the date of acquisition; and 
 (6) money market
funds or other mutual funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses (1) through (5) of this definition. 
 “Change of Control” means the occurrence of any of the following: 
 (1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one
or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole to any “person” or “group” (as that term is used in
Section 13(d) of the Exchange Act) other than a Principal; 
 (2) the adoption of a plan relating to the liquidation or
dissolution of the Company; 
 (3) the consummation of any transaction (including, without limitation, any merger or
consolidation), the result of which is that any “person” or “group” (as defined above), other than one or more of the Principals, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting
Stock of the Company, measured by voting power rather than number of shares; or 
 (4) after an initial public offering of the
Company or any direct or indirect parent of the Company, the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors. 
 For purposes of clause (3) above, a Person (a “Reference Person”) shall be deemed to Beneficially Own any Voting Stock of a
specified Person held by a parent Person so long as such Reference Person beneficially owns, directly or indirectly, in the aggregate a majority of the total voting power of the Voting Stock of such parent Person. 
 “Clearstream” means Clearstream Banking, S.A. 
 “Company” has the meaning set forth in the preamble to this Indenture. 
 “Consolidated Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication: 
  

 5 

 (1) an amount equal to (a) any extraordinary loss plus (b) any net loss
realized by such Person or any of its Restricted Subsidiaries in connection with an Asset Sale, in each case to the extent such losses were deducted in computing such Consolidated Net Income; plus 
 (2) provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period and franchise taxes
based on income, to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus 
 (3) the Fixed Charges of such Person and its Restricted Subsidiaries for such period, to the extent that such Fixed Charges were deducted in computing such Consolidated Net Income; plus 
 (4) fees, expenses and charges resulting from the Transaction described in the Offering Memorandum (whenever paid); plus 
 (5) payments pursuant to the Management Agreements as in effect on the date of this Indenture; plus 
 (6) depreciation, amortization (including amortization of intangibles but excluding amortization of prepaid cash expenses that were paid
in a prior period) and other noncash expenses (including charges related to the write-off of goodwill or intangibles as a result of impairment, in each case, as required by SFAS No. 142 or SFAS No. 144 but excluding any such non-cash
expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the
extent that such depreciation, amortization and other noncash expenses were deducted in computing such Consolidated Net Income; plus 
 (7) for any calculation made with respect to a period ending on or prior to the first anniversary of the date of this Indenture, pro forma cost savings not to exceed $1 million on an annualized basis relating to consulting arrangements
actually terminated in connection with the transactions described under “Certain Transactions” in the Offering Memorandum; plus 
 (8) for any calculation made with respect to a period ending on or prior to the last day of the fiscal quarter ending closest to June 30, 2007, royalties and termination payments actually paid during such period
with respect to the use of “Circle K” and related trade names to the extent that the Company as a part of its business plan intends to terminate the use of “Circle K” and related trade names and actively pursues
such part of its business plan; minus 
 (9) for any calculation made with respect to a period ending on or prior to the last
day of the fiscal quarter ending closest to June 30, 2007, $800,000 on an annualized basis in respect of increased marketing expenses to the extent that the Company as a part of its business plan intends to terminate the use of “Circle
K” and related trade names and actively pursues such part of its business plan; minus 
  

 6 

 (10) noncash items increasing such Consolidated Net Income, for such period, other than
the accrual of revenue in the ordinary course of business; plus/minus 
 (11) (x) rent expense as determined in
accordance with GAAP not actually paid in cash during such period, net of (y) rent expense paid in cash during such period over and above rent expense as determined in accordance with GAAP, in each case, on a consolidated basis and determined
in accordance with GAAP. 
 “Consolidated Net Income” means, with respect to any specified Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that: 
 (1) the Net Income (if positive) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of
accounting will be included only to the extent of the amount of dividends or similar distributions paid in cash (or converted into cash) to the specified Person or a Restricted Subsidiary of the Person; 
 (2) the Net Income (but not loss) of any Restricted Subsidiary will be excluded to the extent that the declaration or payment of dividends
or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its
charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders; provided that if any such dividend or distribution is actually received it will be
included for the purposes of Section 4.07 hereof; 
 (3) the cumulative effect of a change in accounting principles will
be excluded; and 
 (4) notwithstanding clause (1) above, the Net Income of any Unrestricted Subsidiary will be excluded,
whether or not distributed to the specified Person or one of its Subsidiaries. 
 “Consolidated Net Tangible Assets” means
Consolidated Total Assets after deducting: 
 (1) all current liabilities; 
 (2) any item representing investments in Unrestricted Subsidiaries; and 
 (3) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other intangibles. 
  

 7 

 “Consolidated Total Assets” as of any date of determination, means the total amount of
assets which would appear on a consolidated balance sheet of Holdings and its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 “Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who: 
 (1) was a member of such Board of Directors on the date of this Indenture; or 
 (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were
members of such Board of Directors at the time of such nomination or election. 
 “Corporate Trust Office of the Trustee”
will be at the address of the Trustee specified in Section 13.02 hereof or such other address as to which the Trustee may give notice to the Company. 
 “Credit Agreement” means that certain Credit Agreement
                        , dated, 2005, by and among the Company, Holdings, the guarantors named therein, Bank of
America, N.A., as administrative agent, and the other lenders party thereto from time to time, providing for up to $50.0 million of revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and
agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional
investors) in whole or in part from time to time, including any agreement extending the maturity thereof or increasing the amount of Indebtedness incurred or available to be borrowed thereunder. 
 “Credit Facilities” means one or more debt facilities (including, without limitation, the Credit Agreement) or commercial paper
facilities, in each case with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow
from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt
securities to institutional investors) in whole or in part from time to time. 
 “Custodian” means the Trustee, as custodian
with respect to the Notes in global form, or any successor entity thereto. 
 “Default” means any event that is, or with the
passage of time or the giving of notice or both would be, an Event of Default. 
 “Definitive Note” means a certificated
Note registered in the name of the Holder thereof and issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A1 hereto except that such Note shall not bear the Global Note Legend and shall not have the
“Schedule of Exchanges of Interests in the Global Note” attached thereto. 
  

 8 

 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in
global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this
Indenture. 
 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it
is convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that would constitute
Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a Change of Control or an Asset Sale will not constitute Disqualified Stock if the asset
sale or change of control provisions applicable to such Capital Stock are not more favorable to the holders of such Capital Stock than the provisions of Sections 4.10 and 4.15 hereof. The amount of Disqualified Stock deemed to be outstanding at any
time for purposes of this Indenture will be the maximum amount that the Company and its Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock,
exclusive of accrued dividends. 
 “Equity Interests” means Capital Stock and all warrants, options profits, interests or
other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means an offer and sale of common stock of the Company or any direct or indirect parent of the Company pursuant to a registration statement that has been declared effective by the SEC pursuant to the
Securities Act (other than a registration statement on Form S 8 or otherwise relating to equity securities issuable under any employee benefit plan of the Company). 
 “Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Exchange Notes” means
the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof. 
 “Exchange Offer” has the meaning set
forth in the Registration Rights Agreement. 
 “Exchange Offer Registration Statement” has the meaning set forth in the
Registration Rights Agreement. 
 “Existing Indebtedness” means Indebtedness of the Company and its Subsidiaries (other than
Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid. 
  

 9 

 “Fair Market Value” means the value that would be paid by a willing buyer to an
unaffiliated willing seller in a transaction not involving distress or necessity of either party, determined in good faith by the Board of Directors of the Company or the Restricted Subsidiary, as applicable, which determination will be conclusive
(unless otherwise provided in this Indenture). 
 “Fixed Charge Coverage Ratio” means with respect to any specified Person
for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees,
repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed
Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be
calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the
proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. 
 In addition, for
purposes of calculating the Fixed Charge Coverage Ratio: 
 (1) acquisitions that have been made by the specified Person or
any of its Restricted Subsidiaries, including through mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the specified Person or any of its Restricted Subsidiaries, and including any related financing
transactions and including increases in ownership of Restricted Subsidiaries, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be given pro forma effect (in accordance with
Regulation S-X under the Securities Act (“Regulation S-X”)) as if they had occurred on the first day of the four-quarter reference period except that any adjustment relating to an event that is certified by the chief financial
officer of the Company to be reasonably certain to occur within six months and that otherwise is in accordance with Regulation S-X shall be deemed to be in accordance with Regulation S-X; 
 (2) the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations or
businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded; 
 (3) the Fixed
Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded, but only to the extent that the
obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Calculation Date; 
  

 10 

 (4) any Person that is a Restricted Subsidiary on the Calculation Date (or would become a
Restricted Subsidiary on such Calculation Date in connection with the transaction requiring determination of such Consolidated Cash Flow) will be deemed to have been a Restricted Subsidiary at all times during such four-quarter period; 

(5) any Person that is not a Restricted Subsidiary on the Calculation Date (or would cease to be a Restricted Subsidiary on such
Calculation Date in connection with the transaction requiring determination of such Consolidated Cash Flow) will be deemed not to have been a Restricted Subsidiary at any time during such four-quarter period; and 
 (6) if any Indebtedness bears a floating rate of interest, the interest expense on such Indebtedness will be calculated as if the rate in
effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligation applicable to such Indebtedness if such Hedging Obligation has a remaining term as at the Calculation Date in excess of 12
months). 
 “Fixed Charges” means, with respect to any specified Person for any period, the sum, without duplication, of:

 (1) the consolidated interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or
accrued, including, without limitation, original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, one third of
the obligations for rental payments made during such period under operating leases entered into as part of a Sale and Leaseback Transaction consummated after the date of this Indenture, commissions, discounts and other fees and charges incurred in
respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received pursuant to Hedging Obligations in respect of interest rates, but excluding amortization of debt issuance costs; plus

 (2) the consolidated interest expense of such Person and its Restricted Subsidiaries that was capitalized during such
period; plus 
 (3) any interest accruing on Indebtedness of another Person that is guaranteed by such Person or one of its
Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon; plus 
 (4) the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of preferred stock of such
Person or any of its Restricted Subsidiaries, other than dividends on Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or a Restricted Subsidiary of the Company, times (b) a
fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of such Person, expressed as a decimal, in each case, determined on a consolidated basis in
accordance with GAAP. 
  

 11 

 “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entities as have been
approved by a significant segment of the accounting profession, which are in effect on the date of this Indenture. 
 “Global Note
Legend” means the legend set forth in Section 2.06(g)(2) hereof, which is required to be placed on all Global Notes issued under this Indenture. 
 “Global Notes” means, individually and collectively, each of the Restricted Global Notes and the Unrestricted Global Notes deposited with or on behalf of and registered in the name of the Depository
or its nominee, substantially in the form of Exhibit A hereto and that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with
Section 2.01, 2.06(b)(3), 2.06(b)(4), 2.06(d)(2) or 2.06(f) hereof. 
 “Government Securities” means securities that
are: 
 (1) direct obligations of the United States of America for the timely payment of which its full faith and credit is
pledged; or 
 (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the
United States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of the issuers thereof, and
shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government
Securities held by such custodian for the account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository
receipt from any amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depository receipt. 
 “Guarantee” means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business,
direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness (whether arising by virtue of
partnership arrangements, or by agreements to keep well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise). 
  

 12 

 “Guarantors” means Holdings and any Subsidiary of the Company that executes a Note
Guarantee in accordance with the provisions of this Indenture and their respective successors and assigns, in each case, until the Note Guarantee of such Person has been released in accordance with the provisions of this Indenture. 
 “Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 
 (1) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest
rate collar agreements; 
 (2) other agreements or arrangements designed to manage interest rates or interest rate risk; and

 (3) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange rates or
commodity prices. 
 “Holder” means a Person in whose name a Note is registered. 
 “Holdings” means Stripes Holdings LLC, a Delaware limited liability company, or any successor thereto including by way of merger,
consolidation, liquidation, dissolution or winding up. 
 “IAI Global Note” means a Global Note substantially in the form of
Exhibit A1 hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal
amount of the Notes sold to Institutional Accredited Investors. 
 “Indebtedness” means, with respect to any specified
Person, any indebtedness of such Person (excluding accrued expenses and trade payables), whether or not contingent: 
 (1) in
respect of borrowed money; 
 (2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or
reimbursement agreements in respect thereof); 
 (3) in respect of bankers’ acceptances or letters of credit (other than
obligations with respect to letters of credit securing obligations (other than obligations described in (1) or (2) above or (4) below) entered into in the ordinary course of business of such Person to the extent such letters of credit
are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth business day following receipt by such Person of a demand for reimbursement); 
 (4) representing Capital Lease Obligations, Attributable Debt and finance obligations within the meaning of FAS 98 promulgated by the
Financial Accounting Standards Board; 
  

 13 

 (5) representing the balance deferred and unpaid of the purchase price of any property or
services due more than six months after such property is acquired or such services are completed except any such balance that represents an accrued expense or current trade payable; or 
 (6) representing any Hedging Obligations, if and to the extent any of the preceding items (other than letters of credit and Hedging
Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes (a) all Indebtedness of others secured by a Lien on any asset
of the specified Person (whether or not such Indebtedness is assumed by the specified Person), but only to the extent of the lesser of (i) the Fair Market Value of the assets subject to such Lien, or (ii) the amount of the Indebtedness
secured by such Lien, and (b) to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any other Person. 
 “Indenture” means this Indenture, as amended or supplemented from time to time. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 
 “Initial Notes” means the first $170.0 million aggregate principal amount of Notes issued under this Indenture on the date hereof. 
 “Initial Purchasers” means Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. 
 “Institutional Accredited Investor” means an institution that is an “accredited investor” as defined in Rule 501(a)(1),
(2), (3) or (7) under the Securities Act, which is not also a QIB. 
 “Investments” means, with respect to any
Person, all direct or indirect investments by such Person in other Persons (including Affiliates) in the form of loans (including Guarantees or other obligations), advances or capital contributions (excluding commission, travel and similar advances
to officers and employees made in the ordinary course of business and advances to customers in the ordinary course of business that are recorded as accounts receivable), purchases or other acquisitions for consideration of Indebtedness, Equity
Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or any Subsidiary of the Company sells or otherwise disposes of any Equity
Interests of any Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted Subsidiary of the Company, the Company will be deemed to have made an Investment on the date
of any such sale or disposition equal to the Fair Market Value of the Company’s Investments in such Restricted Subsidiary that were not sold or disposed of in an amount determined as provided in Section 4.07(c) hereof. The acquisition by
the Company or any Subsidiary of the Company of a Person that holds an Investment in a third Person will be deemed to be an Investment by the Company or such Subsidiary in such third Person in an amount equal to the Fair Market Value of the
Investments held by the acquired Person in such third Person in an amount determined as 

  

 14 

 
provided in the Section 4.07(c) hereof. Except as otherwise provided in this Indenture, the amount of an Investment will be determined at the time the
Investment is made and without giving effect to subsequent changes in value. 
 “Legal Holiday” means a Saturday, a Sunday
or a day on which banking institutions are authorized by law, regulation or executive order to remain closed (1) in the City of New York, (2) in the city in which the Corporate Trust Office of the Trustee is located or (3) at a place
of payment. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 
 “Letter of Transmittal” means the letter of transmittal to be prepared by the Company and sent to all Holders of the Notes for use by
such Holders in connection with the Exchange Offer. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature
thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 
 “Management Agreements” means the Management Services Agreement dated as of the date of this Indenture among Wellspring Capital
Management LLC, Sam L. Susser and Stripes Holdings LLC. 
 “Net Income” means, with respect to any specified Person, the net
income (loss) of such Person, determined in accordance with GAAP and after reduction in respect of preferred stock dividends (other than dividends on preferred stock of the Company that is not Disqualified Stock), excluding for the purposes of the
calculation of the Fixed Charge Coverage Ratio, however: 
 (1) any gain (but not loss), together with any related provision
for taxes on such gain (but not loss), realized in connection with: (a) any Asset Sale; or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or the extinguishment of any Indebtedness of such Person
or any of its Restricted Subsidiaries; and 
 (2) any extraordinary gain (but not loss), together with any related provision
for taxes on such extraordinary gain (but not loss). 
 “Net Proceeds” means the aggregate cash proceeds received by the
Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any noncash consideration received in any Asset Sale), net of the direct costs
relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees and discounts, and sales commissions, and any other fees and expenses, including without limitation relocation expenses incurred as a result of
the 

  

 15 

 
Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax
sharing arrangements, amounts required to be applied to the repayment of Indebtedness, other than Indebtedness under a Credit Facility, secured by a Lien on the asset or assets that were the subject of such Asset Sale and any reserve for adjustment
in respect of the sale price of such asset or assets established in accordance with GAAP. 
 “Non-Recourse Debt” means
Indebtedness: 
 (1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support
of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness, but excluding the assignment of leases in favor of the lender or lenders of such Non-Recourse Debt), (b) is directly or indirectly liable as a
guarantor or otherwise, or (c) constitutes the lender; 
 (2) no default with respect to which (including any rights that
the holders of the Indebtedness may have to take enforcement action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness of the Company or any of its Restricted Subsidiaries to
declare a default on such other Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its Stated Maturity; and 
 (3) as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the Company or any of its Restricted Subsidiaries. 
 “Non-U.S. Person” means a Person who is not a U.S. Person. 
 “Note Guarantee” means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and on the Notes, executed
pursuant to the provisions of this Indenture. 
 “Notes” has the meaning assigned to it in the preamble to this Indenture.
The Initial Notes and the Additional Notes shall be treated as a single class for all purposes under this Indenture, and unless the context otherwise requires, all references to the Notes shall include the Initial Notes and any Additional Notes.

 “Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other
liabilities payable under the documentation governing any Indebtedness. 
 “Offering Memorandum” means the Final Offering
Memorandum of the Issuers dated as of December 15, 2005. 
 “Officer” means, with respect to any Person, the Chairman
of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 
  

 16 

 “Officers’ Certificate” means a certificate signed on behalf of the Company by two
Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Section 13.05 hereof. 
 “Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of
or counsel to the Company or any Subsidiary of the Company. 
 “Ordinary Course Notes” means notes received from dealer
customers in the ordinary course of business in connection with the purchase of sites from the Company and its Restricted Subsidiaries, not to exceed $5 million in aggregate principal amount at any time outstanding. 
 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary,
Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 
 “Permitted Asset
Swap” means any transfer of property or assets by the Company or any of its Restricted Subsidiaries in which at least 80% of the consideration received by the transferor consists of property or assets that will be used in a Permitted
Business; provided that the aggregate Fair Market Value of the property or assets being transferred by the Company or such Restricted Subsidiary is not greater than the aggregate Fair Market Value of the property or assets being received by Company
or such Restricted Subsidiary. 
 “Permitted Business” means (x) any business conducted by the Company or its
Restricted Subsidiaries on the date of this Indenture and any business related, ancillary or complementary to, or a reasonable extension or expansion of, the business of Company or its Restricted Subsidiaries on the date of this Indenture and
(y) any unrelated business to the extent it is not material. 
 “Permitted Holdings Payments” means, without
duplication as to amounts: 
 (1) payments to Holdings to permit Holdings to pay (i) franchise taxes or other costs of
maintaining its corporate existence, (ii) guaranteed distributions to owners paid in lieu of salaries to the extent treated as compensation expense by the Company and otherwise determined on a basis consistent with the Company’s general
practices regarding employee compensation as in effect from time to time and (iii) accounting, legal and administrative and other operating expenses of Holdings when due; provided that, in the case of clause (iii), such payments shall not
exceed $2 million per annum; 
 (2) with respect to each tax year or portion thereof that the Company is treated as a
disregarded entity or as a partnership for federal income tax purposes (or after such period, to the extent relating to the income tax liability for such period), the payment of Tax Distributions; 
  

 17 

 (3) dividends or distributions to Holdings to permit Holdings to satisfy its payment
obligations, if any, under the Management Agreements as in effect on the date of this Indenture, or as later amended, provided that any such amendment is not more disadvantageous to the Company in any material respect than the Management Agreements
as in effect on the date of this Indenture; and 
 (4) fees and expenses related to any equity offering or other financing of
any direct or indirect parent of the Company. 
 “Permitted Investment” means: 
 (1) any Investment in the Company or in a Restricted Subsidiary of the Company that is a Guarantor; 
 (2) any Investment in Cash Equivalents; 
 (3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person, if as a result of such Investment: 
 (a) such Person becomes a Restricted Subsidiary of the Company and a Guarantor; or 
 (b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is
liquidated into, the Company or a Restricted Subsidiary of the Company that is a Guarantor; 
 (4) any Investment made prior
to the date of this Indenture; 
 (5) any Investment made as a result of the receipt of non-cash consideration from an Asset
Sale that was made pursuant to and in compliance with Section 4.10 hereof; 
 (6) any acquisition of assets or Capital
Stock solely in exchange for, or out of the net cash proceeds received from the substantially contemporaneous issuance of Equity Interests (other than Disqualified Stock) of the Company; provided that the amount of any such net cash proceeds that
are utilized for any such Investment pursuant to this clause (6) will be excluded from Section 4.07(a)(3)(b) hereof; 
 (7) any Investments received in compromise or resolution of (A) obligations of trade creditors, franchisees or customers that are accounts receivable of the Company or any of its Restricted Subsidiaries, including pursuant to any plan
of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor, franchisee or customer; or (B) litigation, arbitration or other disputes with Persons who are not Affiliates; 
  

 18 

 (8) Investments represented by Hedging Obligations; 
 (9) endorsements of negotiable instruments and documents in the ordinary course of business; 
 (10) pledges or deposits permitted under clause (9) of the definition of “Permitted Liens”; 
 (11) repurchases of the Notes; 
 (12) payroll, travel and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of
business; 
 (13) loans or advances to employees made in the ordinary course of business of the Company or such Restricted
Subsidiary; 
 (14) receivables owing to the Company or any Restricted Subsidiary if created or acquired in the ordinary
course of business and payable or dischargeable in accordance with customary trade terms as the Company or such Restricted Subsidiary deems reasonable under the circumstances; 
 (15) any Investments in joint ventures engaged in a Permitted Business having an aggregate Fair Market Value, taken together with all
other Investments made pursuant to this clause (15) that are at that time outstanding, not in excess of $5.0 million; 
 (16) any guarantees permitted by Section 4.09 hereof or Liens of the type described in clause (11) of the definition of “Permitted Liens”; and 
 (17) other Investments in any Person other than an Affiliate of the Company having an aggregate Fair Market Value (measured on the date
each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (17) that are at the time outstanding, not to exceed $10.0 million. 

“Permitted Liens” means: 
 (1) Liens on assets of the Company or any of its Restricted Subsidiaries securing Indebtedness and other Obligations under Credit Facilities that were incurred pursuant to clause (1) of the definition of
“Permitted Debt”; 
 (2) Liens in favor of the Company or the Guarantors; 
 (3) Liens on property or shares of Capital Stock of a Person existing at the time such Person is merged with or into or consolidated with
the Company or any Subsidiary of the Company; provided that such Liens were in existence prior to the contemplation of such merger or consolidation and do not extend to any assets other than those of the Person merged into or consolidated with the
Company or the Subsidiary; 
  

 19 

 (4) Liens on property (including Capital Stock) existing at the time of acquisition of
the property by the Company or any Subsidiary of the Company; provided that such Liens were in existence prior to such acquisition, and were not incurred in contemplation of such acquisition; 
 (5) Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other obligations of a like
nature incurred in the ordinary course of business; 
 (6) Liens to secure Indebtedness permitted by Section 4.09(b)(4)
hereof covering only the assets acquired with or financed by such Indebtedness; 
 (7) Liens existing on the date of this
Indenture; 
 (8) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being
contested in good faith by appropriate proceedings promptly instituted and diligently concluded; provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 
 (9) pledges or deposits by a Person under workers’ compensation laws, unemployment insurance laws or similar legislation, or good
faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case
incurred in the ordinary course of business; 
 (10) Liens imposed by law, such as carriers’, warehousemen’s,
landlord’s and mechanics’ Liens, in each case, incurred in the ordinary course of business; 
 (11) Liens on
equipment located on the property of the Company’s or its Restricted Subsidiaries’ clients granted in the ordinary course of business; 
 (12) judgment Liens not giving rise to an Event of Default so long as such Lien is adequately bonded and any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not
have been finally terminated or the period within which such proceedings may be initiated shall not have expired; 
 (13)
Liens arising solely by virtue of any statutory or common law provision relating to banker’s Liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depository institution;
provided, however, that (A) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by the Company or any of its Restricted Subsidiaries in excess of those set forth by regulations
promulgated by the Federal Reserve Board and (B) such deposit account is not intended by the Company or any Restricted Subsidiary to provide collateral to the depository institution; 
  

 20 

 (14) survey exceptions, easements or reservations of, or rights of others for, licenses,
rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property that were not incurred in connection with Indebtedness and that do not in the aggregate
materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 
 (15) Liens encumbering deposits made to secure obligations arising from statutory, regulatory, contractual or warranty requirements of the Company or any of its Restricted Subsidiaries; 
 (16) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto to the extent
permitted hereunder; 
 (17) purported Liens evidenced by the filing of precautionary UCC financing statements relating solely
to operating leases of personal property entered into in the ordinary course of business; 
 (18) Liens securing Hedging
Obligations so long as such Hedging Obligations relate to Indebtedness that is permitted to be incurred under this Indenture; 
 (19) Liens created for the benefit of this Indenture, the Notes (or the Note Guarantees); 
 (20) refinancing Liens
to secure any Permitted Refinancing Indebtedness permitted to be incurred under this Indenture; provided, however, that: 
 (a) the new Lien shall be limited to all or part of the same property and assets that secured or, under the written agreements pursuant to which the original Lien arose, could secure the original Lien (plus improvements and accessions to
such property or proceeds or distributions thereof); and 
 (b) the Indebtedness secured by the new Lien is not increased to
any amount greater than the sum of (x) the outstanding principal amount, or, if greater, committed amount, of the Permitted Referencing Indebtedness and (y) an amount necessary to pay any fees and expenses, including premiums, related to
such renewal, refunding, refinancing, replacement, defeasance or discharge; 
 (21) Liens arising out of Attributable Debt
properly incurred under clause (a) of Section 4.09 hereof with respect to Sale and Leaseback Transactions (x) exclusively involving property or assets acquired (whether by merger, consolidation, acquisition of stock or assets or
otherwise), constructed or developed after the date of this Indenture and (y) occurring within 180 days of the later of (i) the date of acquisition of the subject property or assets or (ii) the completion of construction or
development of the subject property or assets; 
  

 21 

 (22) Liens exclusively on property or assets acquired (whether by merger, consolidation,
acquisition of stock or assets or otherwise), constructed or developed after the date of this Indenture securing (a) Non-Recourse Debt or (b) Acquired Debt or purchase money obligations representing (for the purposes of this clause
(b) only) no more than 50% of the Fair Market Value of the property or assets acquired, constructed or developed; provided that such Liens do not extend to any other property or assets of the Company and its Restricted Subsidiaries; 

(23) Liens to secure Indebtedness permitted by Section 4.09(b)(14) hereof; and 
 (24) Liens incurred in the ordinary course of business of the Company or any Subsidiary of the Company with respect to obligations that do
not exceed $2.0 million at any one time outstanding. 
 “Permitted Refinancing Indebtedness” means any Indebtedness of the
Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to refund, refinance, replace, defease or discharge, other Indebtedness of the Company or any of its Restricted Subsidiaries (other than
intercompany Indebtedness), including Indebtedness of the Company or any Restricted Subsidiary used to refinance Permitted Refinancing Indebtedness; provided that: 
 (1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal
amount (or accreted value, if applicable) of the Indebtedness renewed, refunded, refinanced, replaced, defeased or discharged (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred in
connection therewith); 
 (2) such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity
date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; 
 (3) if the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged is subordinated in right of payment to the
Notes, such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of, and is subordinated in right of payment to, the Notes on terms at least as favorable to the Holders as those contained in the
documentation governing the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; and 
 (4)
such Indebtedness is incurred either by the Company or by the Restricted Subsidiary who is the obligor on the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged. 
  

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 “Person” means any individual, corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization, limited liability company or government or other entity. 
 “Preferred
Stock” means any Equity Interest with preferential right of payment (i) of dividends, or (ii) upon liquidation, dissolution or winding up of the issuer of such Equity Interest. 
 “Principal” means (1) Wellspring Capital Management LLC (“Wellspring”), investment funds managed by Wellspring,
partners of Wellspring, affiliates of Wellspring, an entity controlled by any of the foregoing and/or a trust for the benefit of any of the foregoing and (2) Sam L. Susser, his spouse, his lineal descendents (whether by adoption or otherwise)
and any trust for the benefit of any of the foregoing. 
 “Private Placement Legend” means the legend set forth in
Section 2.06(g)(1) hereof to be placed on all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 
 “Public Equity Offering” means an underwritten public offering of common stock of Holdings pursuant to an effective registration statement under the Securities Act with aggregate net proceeds of at
least $25.0 million. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Registration Rights Agreement” means the Registration Rights Agreement, dated as of the date of this Indenture, between the Issuers,
the Guarantors and Initial Purchasers, as such agreement may be amended, modified or supplemented from time to time, and, with respect to any Additional Notes, one or more registration rights agreements between the Issuers, the Guarantors and the
other parties thereto, as such agreement(s) may be amended, modified or supplemented from time to time, relating to rights given by the Company to the purchasers of Additional Notes to register such Additional Notes under the Securities Act.

 “Regulation S” means Regulation S promulgated under the Securities Act. 
 “Regulation S Global Note” means a Regulation S Temporary Global Note or Regulation S Permanent Global Note, as appropriate. 

“Regulation S Permanent Global Note” means a permanent Global Note in the form of Exhibit A1 hereto bearing the Global Note Legend
and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Regulation S Temporary Global Note upon
expiration of the Restricted Period. 
 “Regulation S Temporary Global Note” means a temporary Global Note in the form of
Exhibit A2 hereto deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S.

  

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 “Responsible Officer,” when used with respect to the Trustee, means any officer within
the Corporate Trust Department of the Trustee (or any successor group of the Trustee) located at the address of the Trustee set forth in Section 13.02 hereof who has direct responsibility for the administration of this Indenture and also means,
with respect to a particular corporate trust matter, any other officer to whom such matter is referred by a Responsible Officer because of his knowledge of and familiarity with the particular subject. 
 “Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 
 “Restricted Global Note” means a Global Note bearing the Private Placement Legend. 
 “Restricted Investment” means an Investment other than a Permitted Investment. 
 “Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 
 “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 promulgated under the Securities Act. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 
 “Rule 903” means Rule 903 promulgated under the Securities Act. 
 “Rule 904” means Rule 904 promulgated under the Securities Act. 
 “Sale and Leaseback Transaction” means, with respect to any Person, any transaction involving any of the assets or properties of such
Person, whether now owned or hereafter acquired, whereby such Person sells or otherwise transfers such assets or properties and then or thereafter leases such assets or properties or any part thereof or any other assets or properties which such
Person intends to use for substantially the same purpose or purposes as the assets or properties sold or transferred. 
 “SEC” means the Securities and Exchange Commission. 
 “Securities Act” means the Securities Act
of 1933, as amended. 
 “SFC” has the meaning set forth in the preamble to this Indenture. 
 “Shelf Registration Statement” means the Shelf Registration Statement as defined in the Registration Rights Agreement. 
 “Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule
1.02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the date of this Indenture. 
  

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 “Stated Maturity” means, with respect to any installment of interest or principal on any
series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the date of this Indenture (including any sinking fund payment), and will not include any
contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any specified Person: 
 (1) any
corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or
stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by
that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 
 (2) any partnership
(a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination
thereof). 
 “Tax Distributions” means, for any period during which the Company is treated as a disregarded entity or as a
partnership for federal, state and/or local income tax purposes or after such period, to the extent relating to the income tax liability for such period, the payment of distributions in respect of income tax liabilities of members of the Company
(for this purpose viewing members of the Company as those persons or entities directly owning interests or profits interests in the Company and those persons or entities indirectly owning such interests through disregarded entities or partnerships
for tax purposes), in an aggregate amount not to exceed the product of the taxable income, calculated in accordance with applicable law, of the Company and any of its Subsidiaries that are disregarded entities or partnerships for tax purposes
multiplied by the highest combined published federal, state and/or local income tax rate applicable to individuals or corporations, if higher, which rate shall be based upon the rate certified to the Trustee on an annual basis (or more frequently if
the tax rate changes during any annual period) by the chief financial officer of the Company. 
 “TIA” means the Trust
Indenture Act of 1939 as in effect on the date on which this Indenture is qualified thereunder. 
 “Trustee” means the party
named as such in the preamble to this Indenture until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Unrestricted Definitive Note” means a Definitive Note that does not bear and is not required to bear the Private Placement Legend.

  

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 “Unrestricted Global Note” means a Global Note that does not bear and is not required to
bear the Private Placement Legend. 
 “Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by
the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of the Board of Directors, and any Subsidiary of such Unrestricted Subsidiary, but only to the extent that such Subsidiary: 
 (1) has no Indebtedness other than Non-Recourse Debt and, if applicable and at the option of the Company, Guarantees of the Notes;

 (2) except as permitted by Section 4.11 hereof, is not party to any agreement, contract, arrangement or understanding
with the Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the
time from Persons who are not Affiliates of the Company; and 
 (3) is a Person with respect to which neither the Company nor
any of its Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any
specified levels of operating results. 
 “U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated under the
Securities Act. 
 “Voting Stock” of any specified Person as of any date means the Capital Stock of such Person that is at
the time entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity”
means, when applied to any Indebtedness at any date, the number of years obtained by dividing: 
 (1) the sum of the products
obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payment of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 
 (2) the
then outstanding principal amount of such Indebtedness. 
 “Wholly-Owned Restricted Subsidiary” of any specified Person
means a Subsidiary of such Person all of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) will at the time be owned by such Person or by one or more Wholly-Owned Restricted
Subsidiaries of such Person and one or more Wholly-Owned Restricted Subsidiaries of such Person. 
  

 26 

 Section 1.02. Other Definitions. 
  

			
	 Term
	  	Defined in
Section
	 “Affiliate Transaction”
	  	4.11
	 “Asset Sale Offer”
	  	3.09
	 “Authentication Order”
	  	2.02
	 “Change of Control Offer”
	  	4.15
	 “Change of Control Payment”
	  	4.15
	 “Change of Control Payment Date”
	  	4.15
	 “Covenant Defeasance”
	  	8.03
	 “DTC”
	  	2.03
	 “Event of Default”
	  	6.01
	 “Excess Proceeds”
	  	4.10
	 “incur”
	  	4.09
	 “Legal Defeasance”
	  	8.02
	 “Offer Amount”
	  	3.09
	 “Offer Period”
	  	3.09
	 “Paying Agent”
	  	2.03
	 “Permitted Debt”
	  	4.09
	 “Purchase Date”
	  	3.09
	 “Registrar”
	  	2.03
	 “Restricted Payments”
	  	4.07

 Section 1.03. Incorporation by Reference of Trust Indenture Act. 
 Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 
 The following TIA terms used in this Indenture have the following meanings: 
 “indenture securities” means the Notes; 
 “indenture security holder”
means a Holder of a Note; 
 “indenture to be qualified” means this Indenture; 
 “indenture trustee” or “institutional trustee” means the Trustee; and 
 “obligor” on the Notes and the Note Guarantees means the Issuers and the Guarantors, respectively, and any successor obligor upon the
Notes and the Note Guarantees, respectively. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference
to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 
  

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 Section 1.04. Rules of Construction. 
 Unless the context otherwise requires: 
 (1) a term has the meaning assigned to it; 
 (2) an accounting term not otherwise defined has
the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4) words in the singular include the plural, and in the plural include the singular; 
 (5) “will” shall be interpreted to express a command; 
 (6) provisions apply to successive events and transactions; and 
 (7) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement or successor sections or
rules adopted by the SEC from time to time. 
 ARTICLE 2. 
 THE NOTES 
 Section 2.01. Form and Dating. 
 (a) General. The Notes and the Trustee’s certificate of authentication will be substantially in the form of Exhibit A hereto. The Notes may
have notations, legends or endorsements required by law, stock exchange rule or usage; provided that any such notations, legends or endorsements are in a form acceptable to the Issuers. Each Note will be dated the date of its authentication. The
Notes shall be in denominations of $2,000 and integral multiples thereof. 
 The terms and provisions contained in the Notes will constitute,
and are hereby expressly made, a part of this Indenture and the Issuers, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent
any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 (b) Global Notes. Notes issued in global form will be substantially in the form of Exhibits A1 or A2 attached hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests
in the Global Note” attached thereto). Notes issued in definitive form will be substantially in the form of Exhibit A1 attached hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests
in the Global Note” attached thereto). Each Global Note will represent such of the outstanding Notes as will be 

  

 28 

 
specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that
the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or
decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by
Section 2.06 hereof. 
 (c) Temporary Global Notes. Notes offered and sold in reliance on Regulation S will be issued initially
in the form of the Regulation S Temporary Global Note, which will be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the Depositary, and registered in the name of the Depositary or the
nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Issuers and authenticated by the Trustee as hereinafter provided. 
 Following the termination of the Restricted Period, beneficial interests in the Regulation S Temporary Global Note will be exchanged for beneficial
interests in the Regulation S Permanent Global Note pursuant to the Applicable Procedures. Simultaneously with the authentication of Regulation S Permanent Global Note, the Trustee will cancel the Regulation S Temporary Global Note. The aggregate
principal amount of the Regulation S Temporary Global Note and the Regulation S Permanent Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case
may be, in connection with transfers of interest as hereinafter provided. 
 The provisions of the “Operating Procedures of the
Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be
applicable to transfers of beneficial interests in the Regulation S Temporary Global Note and the Regulation S Permanent Global Note that are held by Participants through Euroclear or Clearstream. 
 Section 2.02. Execution and Authentication. 
 At
least one Officer of each Issuer must sign the Notes for the Company by manual or facsimile signature. 
 If an Officer whose signature is on
a Note no longer holds that office at the time a Note is authenticated, the Note will nevertheless be valid. 
 A Note will not be valid
until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence that the Note has been authenticated under this Indenture. 
 The Trustee will, upon receipt of a written order of the Issuers signed by one Officer of each Issuer (an “Authentication Order”) (together with any other documents that may be reasonably required by
the Trustee), authenticate and deliver: (i) on the date hereof, an aggregate principal amount of $170.0 million 10 5/8% Senior Notes due 2013, (ii) Additional Notes issued in compliance with Section 2.14 hereof for an original issue in an aggregate 

  

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principal amount specified in the written order of the Issuers pursuant to this Section 2.02 and (iii) Exchange Notes for issue only in an Exchange
Offer pursuant to the Registration Rights Agreement for a like principal amount of Initial Notes or Additional Notes. Such Authentication Order shall specify the amount of the Notes to be authenticated and the date on which the original issue of the
Notes is to be authenticated. 
 The Trustee may appoint an authenticating agent acceptable to the Issuers to authenticate Notes. An
authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with
Holders or an Affiliate of the Issuers. 
 Section 2.03. Registrar and Paying Agent. 
 The Issuers will maintain an office or agency where Notes may be presented for registration of transfer or for exchange (“Registrar”) and
an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Notes and of their transfer and exchange. The Issuers may appoint one or more co-registrars and one or more
additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Issuers may change any Paying Agent or Registrar without notice to any
Holder. The Issuers will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Issuers fail to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The
Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 The Issuers initially appoint The Depository Trust Company
(“DTC”) to act as Depositary with respect to the Global Notes. 
 The Issuers initially appoint the Trustee to act as the
Registrar and Paying Agent and to act as Custodian with respect to the Global Notes. 
 Section 2.04. Paying Agent to Hold Money in Trust.

 The Issuers will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the
benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Additional Interest, if any, or interest on the Notes, and will notify the Trustee of any default by the Issuers in making any such
payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the
Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the
Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes. 
  

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 Section 2.05. Holder Lists. 
 The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA § 312(a). If the
Trustee is not the Registrar, the Issuers will furnish to the Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of the Holders and the Issuers shall otherwise comply with TIA § 312(a). 
 Section 2.06. Transfer and Exchange. 
 (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred as a whole except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee
of such successor Depositary. All Global Notes will be exchanged by the Issuers for Definitive Notes if: 
 (1) the Depositary
notifies the Issuers that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Issuers within 120
days after the date of such notice from the Depositary; or 
 (2) there shall have occurred and be continuing a Default or
Event of Default with respect to the Notes. 
 Upon the occurrence of either of the preceding events in (1) or (2) above,
Definitive Notes shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and delivered in
exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be
exchanged for another Note other than as provided in this Section 2.06(a); however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b), (c) or (f) hereof. 
 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global Notes will
be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. None of the Issuers, the Trustee, Paying Agent, nor any agent of the Issuers shall have any responsibility or liability for any
aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Note, or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. Beneficial interests in the
Restricted Global Notes will be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either
subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 
  

 31 

 (1) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests
in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend;
provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Temporary Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person (other than a
distributor (as defined in Rule 902(d) promulgated under the Securities Act)). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted
Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 
 (2) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of
beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 
 (A) both: 
 (i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note
in an amount equal to the beneficial interest to be transferred or exchanged; and 
 (ii) instructions given in accordance
with the Applicable Procedures containing information regarding the Participant account to be credited with such increase; or 
 (B) both: 
 (i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance
with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 
 (ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note
shall be registered to effect the transfer or exchange referred to in (1) above; provided that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the 

  

 32 

 
Regulation S Temporary Global Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates
required pursuant to Rule 903 under the Securities Act. 
 Upon consummation of an Exchange Offer by the Issuers in accordance with
Section 2.06(f) hereof, the requirements of this Section 2.06(b)(2) shall be deemed to have been satisfied upon receipt by the Registrar of the instructions contained in the Letter of Transmittal delivered by the Holder of such beneficial
interests in the Restricted Global Notes. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the Securities Act, the
Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(h) hereof. 
 (3)
Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted
Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following: 
 (A) if the transferee will take delivery in the form of a beneficial interest in the 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in
item (1) thereof; 
 (B) if the transferee will take delivery in the form of a beneficial interest in the Regulation S
Temporary Global Note or the Regulation S Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 
 (C) if the transferee will take delivery in the form of a beneficial interest in the IAI Global Note, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 
 (4) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted Global
Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial interest
in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and: 
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the
case of a transfer, provides the certifications required by the applicable Letter of Transmittal and the Exchange Offer Registration Statement that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the
Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Issuers; 
  

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 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance
with the Registration Rights Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer
Registration Statement in accordance with the Registration Rights Agreement; or 
 (D) the Registrar receives the following:

 (i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest
for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 
 (ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who
shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel
in form reasonably acceptable to the Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in
order to maintain compliance with the Securities Act. 
 If any such transfer is effected pursuant to subparagraph (B) or (D) above
at a time when an Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global
Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above. 
 Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. 
 (1) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If any holder of a beneficial interest in a
Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then, upon receipt by
the Registrar of the following documentation: 
  

 34 

 (A) if the holder of such beneficial interest in a Restricted Global Note proposes to
exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 
 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set forth in
Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such beneficial interest is being
transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 
 (D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the Securities Act in
accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 
 (E) if such beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in
subparagraphs (B) through (D) above, a certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable; 
 (F) if such beneficial interest is being transferred to an Issuer or any of its Subsidiaries, a certificate to the effect set forth in
Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 (G) if such beneficial interest is being
transferred pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
 the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Issuers
shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest in a Restricted Global
Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary
and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note
pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 
  

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 (2) Beneficial Interests in Regulation S Temporary Global Note to Definitive
Notes. Notwithstanding Sections 2.06(c)(1)(A) and (C) hereof, a beneficial interest in the Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a
Definitive Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the case of a transfer pursuant to
an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 
 (3) Beneficial
Interests in Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial
interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if: 
 (A) such exchange
or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the holder of such beneficial interest, in the case of an exchange, or the transferee, in the case of a transfer, provides the
certifications required by the applicable Letter of Transmittal and the Exchange Offer Registration Statement that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the Exchange Notes or (3) a Person who
is an affiliate (as defined in Rule 144) of the Issuers; 
 (B) such transfer is effected pursuant to the Shelf Registration
Statement in accordance with the Registration Rights Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant
to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 
 (D) the Registrar
receives the following: 
 (i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange
such beneficial interest for an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 
 (ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who
shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (D), if the Registrar or the Issuers so request or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Issuers to the effect that such 

  

 36 

 
exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are
no longer required in order to maintain compliance with the Securities Act. 
 (4) Beneficial Interests in Unrestricted
Global Notes to Unrestricted Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who
takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to Section 2.06(h) hereof, and the Issuers will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note
issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through
instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in
exchange for a beneficial interest pursuant to this Section 2.06(c)(4) will not bear the Private Placement Legend. 
 (d) Transfer
and Exchange of Definitive Notes for Beneficial Interests. 
 (1) Restricted Definitive Notes to Beneficial Interests
in Restricted Global Notes. If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof
in the form of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the
certifications in item (2)(b) thereof; 
 (B) if such Restricted Definitive Note is being transferred to a QIB in
accordance with Rule 144A, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including
the certifications in item (2) thereof; 
 (D) if such Restricted Definitive Note is being transferred pursuant to an
exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 
  

 37 

 (E) if such Restricted Definitive Note is being transferred to an Institutional
Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in Exhibit B hereto, including
the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable; 
 (F) if such
Restricted Definitive Note is being transferred to an Issuer or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 (G) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the Securities Act, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
 the Trustee will cancel the Restricted
Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, in the case of clause
(C) above, the Regulation S Global Note, and in all other cases, the IAI Global Note. 
 (2) Restricted Definitive
Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who
takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only if: 
 (A) such exchange or
transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, provides the certifications required by the applicable
Letter of Transmittal and the Exchange Offer Registration Statement that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144)
of the Issuers; 
 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance with the
Registration Rights Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration
Statement in accordance with the Registration Rights Agreement; or 
 (D) the Registrar receives the following: 
  

 38 

 (i) if the Holder of such Definitive Notes proposes to exchange such Notes for a
beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 
 (ii) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the form of a
beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (D), if the Registrar or the Issuers so request or if the Applicable Procedures so
require, an Opinion of Counsel in form reasonably acceptable to the Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement
Legend are no longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of any of the
subparagraphs in this Section 2.06(d)(2), the Trustee will cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 
 (3) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note
may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of
a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. 
 If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to subparagraphs (2)(B),
(2)(D) or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Issuers will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee will authenticate one or
more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 
 (e)
Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or
exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form
satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to
the following provisions of this Section 2.06(e). 
  

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 (1) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted
Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 
 (E) if the transfer will be made pursuant to Rule 144A, then the transferor must deliver a certificate in the form of Exhibit B hereto,
including the certifications in item (1) thereof; 
 (F) if the transfer will be made pursuant to Rule 903 or Rule 904,
then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 
 (G) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the
certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 
 (2) Restricted
Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an
Unrestricted Definitive Note if: 
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance
with the Registration Rights Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, provides the certifications required by the applicable Letter of Transmittal and the Exchange Offer Registration
Statement that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Issuers; 
 (B) any such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement;

 (C) any such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance
with the Registration Rights Agreement; or 
 (D) the Registrar receives the following: 
 (i) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a certificate
from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 
  

 40 

 (ii) if the Holder of such Restricted Definitive Notes proposes to transfer such Notes
to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (D), if the Registrar or the Issuers so request, an Opinion of Counsel reasonably acceptable to the
Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the
Securities Act. 
 (3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted
Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive Notes
pursuant to the instructions from the Holder thereof. 
 (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the
Registration Rights Agreement, the Company will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof (together with such other documents that the Trustee may reasonably require), the Trustee will
authenticate: 
 (1) one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of
the beneficial interests in the Restricted Global Notes accepted for exchange in the Exchange Offer in accordance with the Registration Rights Agreement by Persons that certify in the applicable Letters of Transmittal that (A) they are not
Broker-Dealers, (B) they are not participating in a distribution of the Exchange Notes and (C) they are not affiliates (as defined in Rule 144) of the Company; and 
 (2) Unrestricted Definitive Notes in an aggregate principal amount equal to the principal amount of the Restricted Definitive Notes
accepted for exchange in the Exchange Offer in accordance with the Registration Rights Agreement. 
 Concurrently with the issuance of such
Notes, the Trustee will cause the aggregate principal amount of the applicable Restricted Global Notes to be reduced accordingly, and, if applicable, the Issuers will execute and the Trustee will authenticate and deliver to the Persons designated by
the Holders of Definitive Notes so accepted Unrestricted Definitive Notes in the appropriate principal amount. 
 (g) Legends. The following
legends will appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 
 (1) Private Placement Legend. 
  

 41 

 (A) Except as permitted by subparagraph (B) below, each Global Note and each
Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE HOLDER OF THIS NOTE BY ITS
ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE WHICH IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH AN ISSUER OR ANY AFFILIATE OF AN ISSUER WAS THE OWNER OF
THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) (THE “RESALE RESTRICTION TERMINATION DATE”) ONLY (A) TO AN ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (C) FOR
SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE
MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUERS’ AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR
TRANSFER (i) PURSUANT TO CLAUSE (D) PRIOR TO THE END OF THE 40 DAY DISTRIBUTION COMPLIANCE PERIOD WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR PURSUANT TO CLAUSE (E) PRIOR TO THE RESALE RESTRICTION TERMINATION DATE
TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM, AND (ii) IN EACH OF THE FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF 

  

 42 

 
TRANSFER IN THE FORM APPEARING ON THIS NOTE IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF A
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.” 
 (B) Notwithstanding the foregoing, any Global Note or
Definitive Note issued pursuant to subparagraphs (b)(4), (c)(3), (c)(4), (d)(2), (d)(3), (e)(2), (e)(3) or (f) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) will not bear the Private Placement
Legend. In addition, the foregoing legend may be adjusted for future issuances in accordance with applicable law. 
 (2)
Global Note Legend. Each Global Note will bear a legend in substantially the following form: 
 “THIS GLOBAL NOTE IS HELD BY THE
DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE
TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC 

  

 43 

 
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 (3) Regulation S Temporary Global Note Legend. The Regulation S Temporary Global Note will bear a legend in substantially the
following form: 
 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS
EXCHANGE FOR CERTIFICATES NOTES, ARE AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON.”

 (h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 2.11
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and
if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will be
made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 
 (i) General
Provisions Relating to Transfers and Exchanges. 
 (1) To permit registrations of transfers and exchanges, the Issuers will
execute and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request. 
 (2) No service charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any
registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 3.09, 4.10, 4.15 and 9.05 hereof). 
  

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 (3) The Registrar will not be required to register the transfer of or exchange of any
Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 (4) All
Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Issuers, evidencing the same debt, and entitled to the same benefits under this
Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 
 (5) Neither
the Registrar nor the Issuers will be required: 
 (A) to issue, to register the transfer of or to exchange any Notes
(i) during a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection or (ii) during a period
beginning of the opening of business 15 days before any interest payment date and ending at the close of business on such interest payment date; 
 (B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part; or 
 (C) to register the transfer of or to exchange a Note between a record date and the next succeeding interest payment date. 
 (6) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuers may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Issuers shall be
affected by notice to the contrary. 
 (7) The Trustee will authenticate Global Notes and Definitive Notes in accordance with
the provisions of Section 2.02 hereof. 
 (8) All certifications, certificates and Opinions of Counsel required to be
submitted to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 
 The Trustee shall have no obligation or duty under this Indenture to monitor, determine or inquire as to compliance with any restriction on transfers imposed under this Indenture under applicable securities law with respect to any transfer
of any interest in any Note other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to
determine substantial compliance as to form with the express requirements hereof. 
  

 45 

 The Trustee shall retain copies of all letters, notices and other written communications received
pursuant to this Section 2.06 (including all Notes received for transfer pursuant to this Section 2.06). The Issuers shall have the right to require the Trustee to deliver to the Issuers, at the Issuers’ expense, copies of all such
letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Trustee. 
 In
connection with any transfer of any Note, the Trustee and the Issuers shall be entitled to receive, shall be under no duty to inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon the certificates,
opinions and other information referred to herein (or in the forms provided herein, attached hereto or to the Notes, or otherwise) received from any Holder and any transferee of any Note regarding the validity, legality and due authorization of any
such transfer, the eligibility of the transferee to receive such Note and any other facts and circumstances related to such transfer. 
 Section 2.07.
Replacement Notes. 
 If any mutilated Note is surrendered to the Trustee or the Issuers and the Trustee receives evidence to its
satisfaction of the destruction, loss or theft of any Note, the Issuers will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note. If required by the Trustee or the Issuers, an indemnity bond must be
supplied by the Holder that is sufficient in the judgment of the Trustee and the Issuers to protect the Issuers, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuers may
charge for their expenses in replacing a Note. 
 Every replacement Note is an additional obligation of the Issuers and will be entitled to
all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 
 Section 2.08. Outstanding Notes.

 The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Note does
not cease to be outstanding because an Issuer or an Affiliate of an Issuer holds the Note; however, Notes held by an Issuer or a Subsidiary of an Issuer shall not be deemed to be outstanding for purposes of Section 3.07(a) hereof. 

If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the
replaced Note is held by a protected purchaser. 
 If the principal amount of any Note is considered paid under Section 4.01 hereof, it
ceases to be outstanding and interest on it ceases to accrue. 
  

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 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a
redemption date or maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest. 
 Section 2.09. Treasury Notes. 
 In determining
whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by an Issuer or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or
indirect common control with an Issuer or any Guarantor, will be considered as though not outstanding, except that for the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Notes
that a Responsible Officer of the Trustee actually knows are so owned will be so disregarded. 
 Section 2.10. Temporary Notes. 
 Until certificates representing Notes are ready for delivery, the Issuers may prepare and the Trustee, upon receipt of an Authentication Order, will
authenticate temporary Notes. Temporary Notes will be substantially in the form of certificated Notes but may have variations that the Issuers consider appropriate for temporary Notes and as may be reasonably acceptable to the Trustee. Without
unreasonable delay, the Issuers will prepare and the Trustee will authenticate definitive Notes in exchange for temporary Notes. 
 Holders
of temporary Notes will be entitled to all of the benefits of this Indenture. 
 Section 2.11. Cancellation. 
 The Issuers at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent will forward to the Trustee any Notes
surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else will cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and will dispose of canceled Notes in
accordance with its customary procedures (subject to the record retention requirement of the Exchange Act). Certification of the destruction of all canceled Notes will be delivered to the Issuers. The Issuers may not issue new Notes to replace Notes
that they have paid or that have been delivered to the Trustee for cancellation. 
 Section 2.12. Defaulted Interest. 
 If the Issuers default in a payment of interest on the Notes, they will pay the defaulted interest in any lawful manner plus, to the extent lawful,
interest payable on the defaulted interest, to the Persons who are Holders on the record date for interest payment on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01 hereof. The Issuers will
notify the Trustee in writing in the form of an Officers’ Certificate of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Issuers will fix or cause to be fixed each such special record
date and payment date, provided  

  

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that no such special record date may be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special
record date, the Issuers (or, upon the written request of the Issuers, the Trustee in the name and at the expense of the Issuers) will mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and
the amount of such interest to be paid. 
 Section 2.13. CUSIP Numbers. 
 The Issuers in issuing the Notes may use CUSIP, ISIN or other such numbers (if then generally in use), and, if so, the Trustee shall use CUSIP, ISIN or
other such numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice
of a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Issuers shall promptly notify the Trustee
of any change in the CUSIP, ISIN or other numbers. 
 Section 2.14. Issuance of Additional Notes. 
 The Issuers shall be entitled, from time to time, subject to its compliance with Section 4.09 hereof, without consent of the Holders, to issue
Additional Notes under this Indenture with identical terms as the Initial Notes other than with respect to (i) the date of issuance, (ii) the issue price, (iii) the amount of interest payable on the first interest payment date and
(iv) any adjustments in order to conform to and ensure compliance with the Securities Act (or other applicable securities laws). The Initial Notes, any Additional Notes and all Exchange Notes issued in exchange therefor shall be treated as a
single class for all purposes under this Indenture. 
 With respect to any Additional Notes, the Issuers shall set forth in an Officers’
Certificate pursuant to resolutions of the Board of Directors of each Issuer, copies of which shall be delivered to the Trustee, the following information: 
 (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; 
 (2) the issue price, the issue date and the CUSIP number of such Additional Notes; provided, however, that no Additional Notes may be issued at a price that would cause such Additional Notes to have
“original issue discount” within the meaning of Section 1273 of the Internal Revenue Code of 1986, as amended; and 
 (3) whether such Additional Notes shall be issued in the form of Restricted Global Notes or Exchange Notes. 
 In connection with the issuance of Additional Notes, the Trustee shall receive an Opinion of Counsel, together with enforceability, corporate and other customary opinions. 
  

 48 

 ARTICLE 3. 
 REDEMPTION AND PREPAYMENT 
 Section 3.01. Notices to Trustee. 
 If the Issuers elect to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, they must furnish to the Trustee, at
least 30 days, but not more than 60 days before a redemption date, an Officers’ Certificate setting forth: 
 (1) the
clause of this Indenture pursuant to which the redemption shall occur; 
 (2) the redemption date; 
 (3) the principal amount of Notes to be redeemed; and 
 (4) the redemption price. 
 Section 3.02. Selection of Notes to Be Redeemed or Purchased. 
 If less than all of the Notes are to be redeemed or
purchased in an offer to purchase at any time, the Trustee will select Notes for redemption or purchase as follows: 
 (1) if
the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or 
 (2) if the Notes are not listed on any national securities exchange, on a pro rata basis, by lot or by such method as the Trustee
shall deem fair, appropriate and practicable. 
 In the event of partial redemption or purchase by lot, the particular Notes to be redeemed
or purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously called for redemption or purchase. 

The Trustee will promptly notify the Issuers in writing of the Notes selected for redemption or purchase and, in the case of any Note selected for
partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in amounts of $2,000 or whole multiples of $2,000; except that if all of the Notes of a Holder are to be redeemed
or purchased, the entire outstanding amount of Notes held by such Holder, even if not a multiple of $2,000, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for
redemption or purchase also apply to portions of Notes called for redemption or purchase. 
  

 49 

 Section 3.03. Notice of Redemption. 
 Subject to the provisions of Section 3.09 hereof, at least 30 days but not more than 60 days before a redemption date, the Issuers will mail or cause
to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in
connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Articles 8 or 12 of this Indenture. 
 The notice will identify the Notes to be redeemed and will state: 
 (1) the redemption date; 
 (2) the redemption price; 
 (3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the redemption date upon surrender of such Note, a new Note or Notes in principal amount equal
to the unredeemed portion will be issued upon cancellation of the original Note; 
 (4) the name and address of the Paying
Agent; 
 (5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price, and
the CUSIP numbers for such Notes, and the CUSIP numbers for such Notes; 
 (6) that, unless the Issuers default in making such
redemption payment, interest on Notes called for redemption ceases to accrue on and after the redemption date; 
 (7) the
paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed; and 
 (8) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes. 
 At the Issuers’ request, the Trustee will give the notice of redemption in the Issuers’ names and at their expense; provided, however, that the Issuers have delivered to the Trustee, at least
45 days prior to the redemption date, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 
 Section 3.04. Effect of Notice of Redemption. 
 Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price. A notice of redemption may not be conditional
unless the redemption is conditioned upon the occurrence of a subsequent event. 
  

 50 

 Section 3.05. Deposit of Redemption or Purchase Price. 
 One Business Day prior to the redemption or purchase date, the Issuers will deposit with the Trustee or with the Paying Agent money sufficient to pay the
redemption or purchase price of and accrued interest and Additional Interest, if any, on all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuers any money deposited with the Trustee or
the Paying Agent by the Issuers in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest and Additional Interest, if any, on, all Notes to be redeemed or purchased. 
 If the Issuers comply with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the
Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the
Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Issuers to comply with
the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided
in the Notes and in Section 4.01 hereof. 
 Section 3.06. Notes Redeemed or Purchased in Part. 
 Upon surrender of a Note that is redeemed or purchased in part, the Issuers will issue and, upon receipt of an Authentication Order, the Trustee will
authenticate for the Holder at the expense of the Issuers a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered. 
 Section 3.07. Optional Redemption. 
 (a) At any time prior to December 15, 2008, the Issuers may on any one or more
occasions redeem up to (i) 35% of the aggregate principal amount of Notes originally issued under this Indenture and (ii) all or a portion of any Additional Notes issued after the date of this Indenture, in each case at a redemption price
of 110.675% of the principal amount, plus accrued and unpaid interest and Additional Interest, if any, to the redemption date, with the net cash proceeds of a Public Equity Offering of the Company or a contribution to the Company’s or a
Restricted Subsidiary’s common equity capital made with the net cash proceeds of a Public Equity Offering of any other direct or indirect parent of the Company; provided that: 
 (1) at least 65% of the aggregate principal amount of Notes originally issued under this Indenture (excluding Notes held by the Company
and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 
 (2) the redemption
occurs within 90 days of the date of the closing of such sale of Equity Interests. 
  

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 (b) Except pursuant to the clause (a) above, the Notes will not be redeemable at the Issuers’
option prior to December 15, 2009. On or after December 15, 2009, the Issuers may redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal
amount) set forth below plus accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed, to the applicable redemption date, if redeemed during the twelvemonth period beginning on December 15 of the years indicated below,
subject to the rights of Holders on the relevant record date to receive interest on an interest payment date that is prior to the applicable redemption date: 
  

				
	 Year
	  	Percentage	 
	 2009
	  	105.313	%
	 2010
	  	102.656	%
	 2011 and thereafter
	  	100.000	%

 Unless the Issuers default in the payment of the redemption price, interest will cease to accrue
on the Notes or portions thereof called for redemption on the applicable redemption date. 
 (c) Any redemption pursuant to this
Section 3.07 shall be made pursuant to the provisions of Section 3.01 through 3.06 hereof. 
 Section 3.08. Mandatory Redemption.

 The Issuers are not required to make mandatory redemption or sinking fund payments with respect to the Notes. 
 Section 3.09. Offer to Purchase by Application of Excess Proceeds. 
 In the event that, pursuant to Section 4.10 hereof, the Issuers are required to commence an offer to all Holders to purchase Notes (an “Asset Sale Offer”), they will follow the procedures
specified below. 
 The Asset Sale Offer shall be made to all Holders. The Asset Sale Offer will remain open for a period of at least 20
Business Days following its commencement and not more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than three Business Days after the termination of
the Offer Period (the “Purchase Date”), the Issuers will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes (on a pro rata basis, if applicable) or, if less than the Offer Amount has been
tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased will be made in the same manner as interest payments are made. 
 If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Additional Interest, if any, will be paid to the Person in whose name
a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer. 
  

 52 

 Upon the commencement of an Asset Sale Offer, the Issuers will send, by first class mail, a notice to the
Trustee and each of the Holders. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The notice, which will govern the terms of the Asset Sale Offer, will state:

 (1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.10 hereof and the length
of time the Asset Sale Offer will remain open; 
 (2) the Offer Amount, the purchase price and the Purchase Date; 

(3) that any Note not tendered or accepted for payment will continue to accrue interest; 
 (4) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer will cease to
accrue interest on and after the Purchase Date; 
 (5) that Holders electing to have a Note purchased pursuant to an Asset
Sale Offer may elect to have Notes purchased in integral multiples of $2,000 only; 
 (6) that Holders electing to have Notes
purchased pursuant to any Asset Sale Offer will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Issuers, a
Depositary, if appointed by the Issuers, or a Paying Agent at the address specified in the notice at least three days before the Purchase Date; 
 (7) that Holders will be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile
transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 
 (8) that, if the aggregate principal amount of Notes exceeds the Offer Amount, the Issuers will select the Notes to be purchased on a
pro rata basis based on the principal amount of Notes surrendered (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in denominations of $2,000, or integral multiples thereof, will be purchased); and

 (9) that Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the
unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). 
 On or before the Purchase Date, the Issuers will, to
the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer, or if less than the Offer Amount has been tendered, all Notes
tendered, and will deliver or cause to be delivered to the Trustee the Notes properly 

  

 53 

 
accepted in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, will promptly (but in
any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers will promptly
issue a new Note, and the Trustee, upon written request from the Issuers will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the
Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers will publicly announce the results of the Asset Sale Offer on the Purchase Date. 
 Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions
of Sections 3.01 through 3.06 hereof. 
 ARTICLE 4. 
 COVENANTS 
 Section 4.01. Payment of Notes. 
 The Issuers will pay or cause to be paid the principal of, premium, if any, and interest and Additional Interest, if any, on the Notes on the dates and in
the manner provided in the Notes. Principal, premium, if any, and interest and Additional Interest, if any will be considered paid on the date due if the Paying Agent, if other than the Issuers or a Subsidiary thereof, holds as of 12:00 p.m. Eastern
Time on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. The Issuers will pay all Additional Interest, if any, in the same
manner on the dates and in the amounts set forth in the Registration Rights Agreement. If a payment date is not a Business Day, payment may be made on the next succeeding day that is a Business Day and no interest shall accrue on such payment for
the intervening period. 
 The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on
overdue principal at the rate equal to the then applicable interest rate on the Notes to the extent lawful; they will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and
Additional Interest (without regard to any applicable grace period) at the same rate to the extent lawful. 
 Section 4.02. Maintenance of Office or
Agency. 
 The Issuers will maintain in the Borough of Manhattan, The City of New York, an office or agency (which may be an office of the
Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be
served. The Issuers will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers fail to maintain any such required office or agency or fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee at The Bank of New York, 101 Barclay Street, 8W, New York, New York 10286, Attention: Corporate
Trust Administration. 
  

 54 

 The Issuers may also from time to time designate one or more other offices or agencies where the Notes
may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the Issuers of their obligation to
maintain an office or agency in the Borough of Manhattan, The City of New York for such purposes. The Issuers will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other
office or agency. 
 The Issuers hereby designate the Corporate Trust Office of the Trustee as one such office or agency of the Issuers in
accordance with Section 2.03 hereof, and designates the trust office of the affiliate of the Trustee at the Bank of New York, 101 Barclay Street, 8W, New York, New York 10286, Attention: Corporate Trust Administration or another such office or
agency. 
 Section 4.03. Reports. 
 Whether or not required by the SEC’s rules and regulations, so long as any Notes are outstanding, the Company will furnish to the Holders, within the time periods specified in the SEC’s rules and regulations: 
 (1) all quarterly and annual reports that would be required to be filed with the SEC on Forms 10 Q and 10 K if the Company were required
to file such reports; and 
 (2) all current reports that would be required to be filed with the SEC on Form 8 K if the
Company were required to file such reports. 
 The availability of the foregoing materials on the SEC’s EDGAR service shall be deemed to
satisfy the Company’s delivery obligation. To the extent that the Company does not file such information with the SEC, the Company will either (1) distribute such reports (as well as the details regarding the conference call described
below) electronically to (a) any holder of the Notes, (b) to any beneficial owner of Notes, (c) to any prospective investor who provides their email address to the Company and certifies that they are a “qualified institutional
buyer” (as defined in Rule 144A under the Securities Act) (“QIB”) or (d) any securities analyst who provides their email address to the Company and certifies that they are a securities analyst, or
(2) (x) post such reports (as well as the details regarding the conference call described below) on a website accessible to (a) any holder of the Notes, (b) to any beneficial owner of Notes, (c) to any prospective investor
certifies that they are a QIB or (d) any securities analyst who certifies that they are a securities analyst and (y) provide notice of each such posting by means of a press release on a nationally recognized business news wire service, in
the case of quarterly and annual reports not less than three nor more than five business days prior to posting, and in the case of current reports contemporaneously with the posting of such report. Unless the Company is subject to the reporting
requirements of the Exchange Act, the Company will also hold a quarterly conference call for the holders of the Notes to discuss such financial information. The conference call will not be later than three business days from the time that the
Company distributes the financial information as set forth above. 
  

 55 

 All such reports will be prepared in all material respects in accordance with all of the rules and
regulations applicable to such reports. Each annual report on Form 10 K will include a report on the Company’s consolidated financial statements by the Company’s certified independent accountants. In addition, following the consummation of
the Exchange Offer contemplated by the Registration Rights Agreement, the Company will file a copy of each of the reports referred to in clauses (1) and (2) above with the SEC for public availability within the time periods specified in
the rules and regulations applicable to such reports (unless the SEC will not accept such a filing). 
 If, at any time after consummation of
the Exchange Offer contemplated by the Registration Rights Agreement, the Company is no longer subject to the periodic reporting requirements of the Exchange Act for any reason, the Company will nevertheless continue filing the reports specified in
the preceding paragraphs of this Section 4.03 with the SEC within the time periods specified above unless the SEC will not accept such a filing. The Company agrees that it will not take any action for the purpose of causing the SEC not to
accept any such filings. If, notwithstanding the foregoing, the SEC will not accept the Company’s filings for any reason, the Company will distribute or post all reports required by this Section 4.03 in accordance with the second preceding
paragraph. 
 In addition, the Company agrees that, for so long as any Notes remain outstanding, if at any time it is not required to file
with the SEC the reports required by the preceding paragraphs, they will furnish to the Holders and to securities analysts and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the
Securities Act. 
 In the event that (1) the rules and regulations of the SEC permit the Company and any direct or indirect parent
company of the Company to report at such parent entity’s level on a consolidated basis and (2) such parent entity of the Company is not engaged in any business in any material respect other than incidental to its ownership, directly or
indirectly of the Capital Stock of the Company, the information and reports required by this Section 4.03 may be those of such parent company on a consolidated basis. 
 Section 4.04. Compliance Certificate. 
 (a) The Issuers and each Guarantor (to the extent that
such Guarantor is so required under the TIA) shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officers’ Certificate stating that a review of the activities of the Issuers and each Guarantor during the
preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Issuers and each Guarantor have kept, observed, performed and fulfilled their obligations under this Indenture, and further
stating, as to each such Officer signing such certificate, that to the best of his or her knowledge the Issuers and each Guarantor have kept, observed, performed and fulfilled each and every covenant contained in this Indenture and are not in
default in the performance or observance of any of the terms, provisions and 

  

 56 

 
conditions of this Indenture (or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may
have knowledge and what action the Issuers and their respective Subsidiaries are taking or propose to take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments
on account of the principal of or interest, if any, on the Notes is prohibited or if such event has occurred, a description of the event and what action the Issuers and their respective Subsidiaries are taking or propose to take with respect
thereto. 
 (b) So long as not contrary to the then current recommendations of the American Institute of Certified Public Accountants, the
year-end financial statements delivered pursuant to Section 4.03 hereof shall be accompanied by a written statement of the Company’s independent public accountants (who shall be a firm of established national reputation) that in making the
examination necessary for certification of such financial statements, nothing has come to their attention that would lead them to believe that the Issuers have violated any provisions of Article 4 or Article 5 hereof or, if any such violation has
occurred, specifying the nature and period of existence thereof, it being understood that such accountants shall not be liable directly or indirectly to any Person for any failure to obtain knowledge of any such violation. 
 (c) So long as any of the Notes are outstanding, the Issuers will deliver to the Trustee, as promptly as practicable upon any Officer becoming aware of
any Default or Event of Default, an Officers’ Certificate within 30 days after the occurrence thereof, specifying such Default or Event of Default, its status and what action the Issuers are taking or propose to take with respect thereto.

 Section 4.05. Taxes. 
 The Issuers
will pay, and will cause each of their Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such
payment would not be reasonably expected to have a material adverse effect on the Issuers and the Guarantors as a whole. 
 Section 4.06. Stay,
Extension and Usury Laws. 
 The Issuers and each of the Guarantors covenant (to the extent that they may lawfully do so) that they will
not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of
this Indenture; and the Issuers and each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and covenant that they will not, by resort to any such law, hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 
  

 57 

 Section 4.07. Restricted Payments. 
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 
 (1) declare or pay any dividend or make any other payment or distribution on account of the Company’s or any of its Restricted
Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) or to the direct or indirect holders of the Company’s or
any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the Company and other than dividends or distributions payable
to the Company or a Restricted Subsidiary of the Company); 
 (2) purchase, redeem or otherwise acquire or retire for value
(including, without limitation, in connection with any merger or consolidation involving the Company) any Equity Interests of the Company or any direct or indirect parent of the Company held by Persons other than Restricted Subsidiaries; 

(3) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value any Indebtedness of
the Company or any Guarantor that is contractually subordinated to the Notes or to any Note Guarantee (excluding any intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries), except (x) a payment of
interest or principal at the Stated Maturity thereof; or (y) a payment, purchase, redemption, defeasance or other acquisition or retirement for value of any such Indebtedness in anticipation of satisfying a sinking fund obligation, principal
installment or final maturity, in each case due within one year of the date of payment, purchase, redemption, defeasance, acquisition or retirement; or 
 (4) make any Restricted Investment 
 (all such payments and other actions set forth in these clauses (1) through
(4) above being collectively referred to as “Restricted Payments”), unless, at the time of and after giving effect to such Restricted Payment: 
 (1) no Default or Event of Default has occurred and is continuing or would occur as a consequence of such Restricted Payment; 

(2) the Company would, at the time of such Restricted Payment and after giving pro forma effect thereto as if such Restricted Payment
had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a); and 
 (3) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its Restricted
Subsidiaries since the date of this Indenture (excluding Restricted Payments permitted by Section 4.07(b)(2), (3), (4), (5), (6), (7), (8) and (9)), is less than the sum, without duplication, of: 
  

 58 

 (a) 50% of (i) the Consolidated Net Income of the Company for the period (taken as
one accounting period) from the Company’s last completed fiscal quarter preceding the date of this Indenture to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time
of such Restricted Payment (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit) and (ii) any dividends received by the Company or a Wholly-Owned Restricted Subsidiary of the Company that is a Guarantor
after the date of this Indenture from an Unrestricted Subsidiary of the Company, to the extent that such dividends were not otherwise included in Consolidated Net Income of the Company for such period; plus 
 (b) 100% of the aggregate net cash proceeds and the Fair Market Value of assets received by the Company since the date of this Indenture
as a contribution to its common equity capital or from the issue or sale of Equity Interests of the Company (other than Disqualified Stock) or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable
debt securities of the Company that have been converted into or exchanged for such Equity Interests (other than Equity Interests (or Disqualified Stock or debt securities) sold to a Subsidiary of the Company); plus  
 (c) to the extent that any Unrestricted Subsidiary designated as such after the date of this Indenture (i) is redesignated as a
Restricted Subsidiary, (ii) is merged or consolidated into the Company or any of its Restricted Subsidiaries or (iii) transfers all or substantially all of its assets to the Company or any of its Restricted Subsidiaries after the date of
this Indenture, the Fair Market Value of (x) in the case of clause (i) or (ii) above, the Company’s Investment in such Subsidiary as of the date of such redesignation, merger or consolidation and (y) in the case of clause
(iii) above, such assets; plus 
 (d) to the extent that any Restricted Investment that was made after the date of
this Indenture is sold for cash or otherwise liquidated, repaid, repurchased or redeemed for cash, the lesser of (i) the cash return of capital with respect to such Restricted Investment (less the cost of disposition, if any), and (ii) the
initial amount of such Restricted Investment. 
 (b) So long as no Default has occurred and is continuing or would be caused thereby, the
preceding provisions will not prohibit: 
 (1) the payment of any dividend or the consummation of any irrevocable redemption
within 60 days after the date of declaration of the dividend or giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or redemption payment would have complied with the provisions of this
Indenture; 
  

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 (2) the making of any Restricted Payment in exchange for Equity Interests of the Company
(other than Disqualified Stock) or out of the net cash proceeds received by the Company from the substantially contemporaneous sale (other than to a Subsidiary of the Company) of Equity Interests of the Company (other than Disqualified Stock) or
from the substantially contemporaneous contribution of common equity capital to the Company; provided that the amount of any such net cash proceeds will be excluded from and not duplicated with clause (3)(b) of Section 4.07(a);

 (3) the repurchase, redemption, defeasance or other acquisition or retirement for value of Indebtedness of the Company or
any Guarantor that is contractually subordinated to the Notes or to any Note Guarantee with the net cash proceeds from a substantially concurrent incurrence of Permitted Refinancing Indebtedness; 
 (4) the payment of any dividend (or, in the case of any partnership or limited liability company, any similar distribution) by a
Restricted Subsidiary of the Company to the holders of its Equity Interests on a pro rata basis taking into account the relative preferences, if any, of the various classes of Equity Interests in such Restricted Subsidiaries; 
 (5) the repurchase, redemption or other acquisition or retirement for value of, or dividends or distributions to Holdings to allow
Holdings to repurchase, redeem or acquire, any Equity Interests of Holdings or the Company or any Restricted Subsidiary of the Company held by any current or former officer, director or employee of the Company or any of its Restricted Subsidiaries
pursuant to any equity subscription agreement, stock option agreement, shareholders’ agreement or similar agreement 
 (a) upon the death or disability of such officer, director or employee; or 
 (b) upon the resignation or other
termination of employment of such officer, director or employee; 
 provided that the aggregate price paid for all such repurchased,
redeemed, acquired or retired Equity Interests pursuant to this clause (5) may not exceed $2.5 million in any twelve-month period plus the aggregate net cash proceeds received by the Company after the date of this Indenture from the issuance of
such Equity Interests to, or the exercise of options to purchase such Equity Interests by, any current or former director, partner, officer or employee of the Company or any Restricted Subsidiary (provided that the amount of such net cash proceeds
received by the Company and utilized pursuant to this clause (5) for any such repurchase, redemption, acquisition or retirement will be excluded from clause (3)(b) of Section 4.07(a)); and provided, further, that amounts
available pursuant to this clause (5) to be utilized for Restricted Payments during any twelve-month period may be carried forward and utilized in the next succeeding twelve-month periods); 
  

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 (6) the repurchase of Equity Interests deemed to occur upon the exercise of stock options
to the extent such Equity Interests represent (i) a portion of the exercise price of those stock options or (ii) withholding incurred in connection with such exercise, provided, that as to this clause (ii), the amount of such
withholding taxes shall reduce the amount set forth in clause (5) above; 
 (7) the payment of any dividend to holders of
any class or series of Disqualified Stock of the Company or preferred stock of its Restricted Subsidiaries issued in accordance with Section 4.09 to the extent such dividends are included in the calculation of Fixed Charges and excluded from
the calculation of Net Income for all purposes; 
 (8) any repricing or issuance of employee stock options or the adoption of
bonus arrangements, in each case in connection with the issuance of the Notes, and payments pursuant to such arrangements; 
 (9) Permitted Holdings Payments; or 
 (10) other Restricted Payments in an aggregate amount not to exceed $5.0
million since the date of this Indenture. 
 (c) The amount of all Restricted Payments (other than cash) will be the Fair Market Value on the
date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The Fair Market Value of any assets or securities
that are required to be valued by this Section 4.07 will be determined by the Board of Directors of the Company whose resolution with respect thereto will be delivered to the Trustee. The Board of Directors’ determination must be based
upon an opinion or appraisal issued by an accounting, appraisal or investment banking firm of national standing if the Fair Market Value exceeds $15.0 million. 
 (d) For purposes of determining compliance with this Section 4.07, if a Restricted Payment meets the criteria of more than one of the exceptions described in clauses (1) through (10) of
Section 4.07(b) or is entitled to be made according to Section 4.07(a), the Company may, in its sole discretion, classify the Restricted Payment in any manner that complies with this Section 4.07. 
 Section 4.08. Dividend and Other Payment Restrictions Affecting Subsidiaries. 
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of
any Restricted Subsidiary to: 
 (1) pay dividends or make any other distributions on its Capital Stock to the Company or any
of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any indebtedness owed to the Company or any of its Restricted Subsidiaries; 
  

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 (2) make loans or advances to the Company or any of its Restricted Subsidiaries; or

 (3) sell, lease or transfer any of its property or assets to the Company or any of its Restricted Subsidiaries. 

(b) The restrictions in Section 4.08(a) will not apply to encumbrances or restrictions existing under or by reason of: 
 (1) agreements in effect on the date of this Indenture and any amendments, restatements, modifications, renewals, supplements, refundings,
replacements or refinancings of those agreements; provided that the amendments, restatements, modifications, renewals, supplements, refundings, replacements or refinancings are not materially more restrictive, taken as a whole, with respect to such
dividend and other payment restrictions than those contained in those agreements on the date of this Indenture; 
 (2) this
Indenture, the Notes and the Note Guarantees; 
 (3) applicable law, rule, regulation or order; 
 (4) any instrument governing Indebtedness or Capital Stock of a Person acquired by the Company or any of its Restricted Subsidiaries as in
effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred in connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or the
properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; provided that, in the case of Indebtedness, such Indebtedness was permitted by the terms of this Indenture to be incurred;

 (5) customary non-assignment provisions in contracts, leases and licenses entered into in the ordinary course of business;

 (6) purchase money obligations for property acquired in the ordinary course of business and Capital Lease Obligations that
impose restrictions on the property purchased or leased of the nature described in Section 4.08(a)(3); 
 (7)
restrictions on cash and other deposits or net worth imposed by customers, suppliers or landlords under contracts entered into in the ordinary course of business; 
 (8) any agreement for the sale or other disposition of a Restricted Subsidiary that restricts distributions by that Restricted Subsidiary
pending the sale or other disposition; 
 (9) Permitted Refinancing Indebtedness; provided that the restrictions
contained in the agreements governing such Permitted Refinancing Indebtedness are not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 
  

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 (10) Liens, including real estate mortgages, permitted to be incurred under
Section 4.12 that limit the right of the debtor to dispose of the assets subject to such Liens; 
 (11) provisions
limiting the disposition or distribution of assets or property in joint venture agreements, asset sale agreements, saleleaseback agreements, stock sale agreements and other similar agreements entered into with the approval of the Company’s
Board of Directors, which limitation is applicable only to the assets that are the subject of such agreements; and 
 (12)
restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business. 
 Section 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock. 
 (a) The Company will not, and will not
permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any
Indebtedness (including Acquired Debt), and the Company will not issue any Disqualified Stock and will not permit any of its Restricted Subsidiaries to issue any shares of preferred stock; provided, however, that the Company may incur
Indebtedness (including Acquired Debt) or issue Disqualified Stock, and the Company’s Restricted Subsidiaries may incur Indebtedness (including Acquired Debt) or issue preferred stock, if the Fixed Charge Coverage Ratio for the Company’s
most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock or such preferred stock is issued, as the
case may be, would have been at least 2.0 to 1 determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or the Disqualified Stock or the preferred stock
had been issued, as the case may be, at the beginning of such four-quarter period. 
 (b) Section 4.09(a) will not prohibit the
incurrence of any of the following (collectively, “Permitted Debt”): 
 (1) the incurrence by the Company and
any Guarantor of Indebtedness and letters of credit under Credit Facilities in an aggregate principal amount at any one time outstanding under this clause (1) (with letters of credit being deemed to have a principal amount equal to the maximum
potential liability of the Company and its Restricted Subsidiaries thereunder) not to exceed the greater of (x) 85% of accounts receivable plus 60% of inventory and (y) $50.0 million; 
 (2) the incurrence by the Company and its Restricted Subsidiaries of the Existing Indebtedness; 
  

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 (3) the incurrence by the Company and the Guarantors of Indebtedness represented by the
Notes and the related Note Guarantees to be issued on the date of this Indenture and the exchange Notes and the related Note Guarantees to be issued pursuant to the Registration Rights Agreement; 
 (4) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness represented by Capital Lease Obligations,
Attributable Debt, mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing, whether or not incurred at the time of such cost or acquisition, all or any part of the purchase price or cost of design,
construction, installation or improvement of property, plant or equipment or intellectual property rights used in the business of the Company or any of its Restricted Subsidiaries, in an aggregate principal amount, including all Permitted
Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (4), not to exceed the greater of (x) 8% of Consolidated Net Tangible Assets and (y) $20.0
million at any time outstanding; 
 (5) the incurrence by the Company or any of its Restricted Subsidiaries of Permitted
Refinancing Indebtedness in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge any Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be incurred
under the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) or clauses (2), (3), (4), (5) or (14) of this Section 4.09(b); 
 (6) the incurrence by the Company or any of its Restricted Subsidiaries of intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided, however, that:

 (a) if the Company or any Guarantor is the obligor on such Indebtedness and the payee is not the Company or a Guarantor,
such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Obligations then due with respect to the Notes, in the case of the Company, or the Note Guarantee, in the case of a Guarantor; and 
 (b) (i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person other
than the Company or a Restricted Subsidiary of the Company and (ii) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary of the Company; will be deemed, in each case, to
constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that was not permitted by this clause (6); 
 (7) the issuance by any of the Company’s Restricted Subsidiaries to the Company or to any of its Restricted Subsidiaries of shares of preferred stock; provided, however, that: 
  

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 (a) any subsequent issuance or transfer of Equity Interests that results in any such
preferred stock being held by a Person other than the Company or a Subsidiary of the Company; and 
 (b) any sale or other
transfer of any such preferred stock to a Person that is not either the Company or a Restricted Subsidiary of the Company 
 will be deemed,
in each case, to constitute an issuance of such preferred stock by such Restricted Subsidiary that was not permitted by this clause (7); 
 (8) the incurrence by the Company or any of its Restricted Subsidiaries of Hedging Obligations; 
 (9) the Guarantee by the Company or any of the Guarantors of Indebtedness of the Company or a Restricted Subsidiary of the Company that was permitted to be incurred by another provision of this Section 4.09; provided that if the
Indebtedness being guaranteed is subordinated to or pari passu with the Notes, then the guarantee shall be subordinated or pari passu, as applicable, to the same extent as the Indebtedness guaranteed; 
 (10) the Guarantee by the Company or any of its Restricted Subsidiaries of Indebtedness of customers for check cashing and short term
lending products in the ordinary course of business consistent with past practices; 
 (11) the incurrence by the Company or
any of its Restricted Subsidiaries of Indebtedness in respect of workers’ compensation claims, self-insurance obligations, bankers’ acceptances, performance and surety bonds or similar types of obligations in the ordinary course of
business; 
 (12) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from the
honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five business days of being incurred; 
 (13) Indebtedness arising from agreements of the Company or a Restricted Subsidiary providing for indemnification, adjustment of purchase
price or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business,
assets or a Subsidiary for the purpose of financing such acquisition; and 
 (14) the incurrence by the Company or any
Guarantor of additional Indebtedness in an aggregate principal amount (or accreted value, as applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge
any Indebtedness incurred pursuant to this clause (14), not to exceed $25.0 million. 
  

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 (c) The Company will not incur, and will not permit any of its Restricted Subsidiaries to incur, any
Indebtedness (including Permitted Debt) that is contractually subordinated in right of payment to any other Indebtedness of the Company or such Restricted Subsidiary unless such Indebtedness is also contractually subordinated in right of payment to
the Notes and the Note Guarantee of such Restricted Subsidiary on substantially identical terms. 
 (d) For purposes of determining compliance
with this Section 4.09, in the event that an item of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in clauses (1) through (14) of Section 4.09(b), or is entitled to be
incurred pursuant to Section 4.09(a), the Company will be permitted, in its sole discretion, to classify such item of Indebtedness on the date of its incurrence, or later reclassify all or a portion of such item of Indebtedness, in any manner
that complies with this Section 4.09. Indebtedness under the Credit Agreement outstanding on the date on which Notes are first issued and authenticated under this Indenture will initially be deemed to have been incurred on such date in reliance
on the exception provided by Section 4.09(b)(1). The accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, the
reclassification of preferred stock as Indebtedness due to a change in accounting principles, and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock will not be deemed to be an
incurrence of Indebtedness or an issuance of Disqualified Stock for purposes of this Section 4.09; provided, in each such case, that the amount of any such accrual, accretion or payment is included in Fixed Charges of the Company as accrued.
Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that the Company or any Restricted Subsidiary may incur pursuant to this Section 4.09 shall not be deemed to be exceeded solely as a result of
fluctuations in exchange rates or currency values. 
 (e) The amount of any Indebtedness outstanding as of any date will be: 
 (1) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount; 
 (2) the principal amount of the Indebtedness, in the case of any other Indebtedness; and 
 (3) in respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person, the lesser of: 
 (a) the Fair Market Value of such assets at the date of determination; and 
 (b) the amount of the Indebtedness of the other Person. 
 Section 4.10. Asset Sales. 
 (a) The Company will not, and will not permit any of its Restricted
Subsidiaries to, consummate an Asset Sale unless: 
  

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 (1) the Company (or the Restricted Subsidiary, as the case may be) receives consideration
at the time of the Asset Sale at least equal to the Fair Market Value of the assets or Equity Interests issued or sold or otherwise disposed of; and 
 (2) except for any Permitted Asset Swap, at least 75% of the consideration received in the Asset Sale by the Company or such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this
clause (2), each of the following will be deemed to be cash: 
 (a) any liabilities, as shown on the Company’s most
recent consolidated balance sheet, of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Note Guarantee) that are assumed by the transferee of any such
assets pursuant to a customary novation or similar agreement that releases the Company or such Restricted Subsidiary from further liability; and 
 (b) Ordinary Course Notes and any other securities, notes or other obligations received by the Company or any such Restricted Subsidiary from such transferee that are converted, sold or exchanged by the Company or
such Restricted Subsidiary into cash within 180 days after such Asset Sale, to the extent of the cash received in that conversion, sale or exchange. 
 (b) Within 365 days after the receipt of any Net Proceeds from an Asset Sale, the Company (or the applicable Restricted Subsidiary, as the case may be) may at its option: 
 (1) apply such Net Proceeds to repay Indebtedness and other Obligations under a Credit Facility and, if the Indebtedness repaid is
revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto; 
 (2) apply such Net Proceeds to
acquire all or substantially all of the assets of, or any Capital Stock of, another Permitted Business, if, after giving effect to any such acquisition of Capital Stock, the Permitted Business is or becomes a Restricted Subsidiary of the Company (or
enter into a definitive agreement with respect thereto that is consummated within 545 days after the receipt of any such Net Proceeds); 
 (3) apply such Net Proceeds to make a capital expenditure; or 
 (4) apply such Net Proceeds
to acquire other assets that are not classified as current assets under GAAP and that are used or useful in a Permitted Business or other assets (including current assets) of any of the Company’s franchisees (or enter into a definitive
agreement with respect thereto that is consummated within 545 days after the receipt of any such Net Proceeds). 
 Pending the final
application of any Net Proceeds, the Issuers or a Restricted Subsidiary may temporarily reduce revolving credit borrowings or temporarily invest the Net Proceeds in cash or Cash Equivalents. 
  

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 (c) Any Net Proceeds from Asset Sales that are not applied or invested as provided in
Section 4.10(b) will constitute “Excess Proceeds.” The Issuers will make an Asset Sale Offer to all Holders and all holders of other Indebtedness that is pari passu with the Notes in accordance with Section 3.09 with
respect to offers to purchase or redeem with the proceeds of Asset Sales to purchase the maximum principal amount of Notes and such other Indebtedness that may be purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer will be
equal to 100% of principal amount plus accrued and unpaid interest and Additional Interest, if any, to the date of purchase, and will be payable in cash and the offer or redemption price for such other pari passu Indebtedness shall be as set
forth in the related documentation governing such Indebtedness. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Issuers may use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the
aggregate principal amount of Notes tendered into such Asset Sale Offer and other pari passu Indebtedness tendered exceeds the amount of Excess Proceeds, the Trustee will select the Notes and the Company or such other applicable party shall
select such other pari passu Indebtedness to be purchased on a pro rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 
 Notwithstanding the foregoing provisions of this Section 4.10, the Issuers will not be required to make an Asset Sale Offer in accordance with this
Section 4.10 until the aggregate amount of Excess Proceeds exceeds $7.5 million. 
 (d) The Issuers will comply with the requirements of
Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the
provisions of any securities laws or regulations conflict with Section 3.09 or this Section 4.10, the Issuers will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
Section 3.09 or this Section 4.10 by virtue of such compliance. 
 Section 4.11. Transactions with Affiliates. 
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise dispose of
any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the Company
(each, an “Affiliate Transaction”), unless: 
 (1) the Affiliate Transaction is on terms that are no less
favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person; and 
 (2) the Company delivers to the Trustee: 
 (a) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $5.0 million, 

  

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a resolution of the Board of Directors of the Company set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies with
this Section 4.11 and either (x) a further resolution by a majority of the disinterested members of the Board of Directors of the Company approving such Affiliate Transaction, or (y) a copy of an opinion as to the fairness to the
Company or such Restricted Subsidiary of such Affiliate Transaction from a financial point of view issued by an accounting, appraisal or investment banking firm of national standing; and 
 (b) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$15.0 million, a copy of an opinion as to the fairness to the Company or such Restricted Subsidiary of such Affiliate Transaction from a financial point of view issued by an accounting, appraisal or investment banking firm of national standing.

 (b) The following items and payments pursuant thereto, will not be deemed to be Affiliate Transactions and, therefore, will not be subject
to the provisions of Section 4.11(a): 
 (1) any employment or consulting agreement, employee benefit plan, officer or
director indemnification agreement or any similar arrangement entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business and payments pursuant thereto and the issuance of Equity Interests of the Company
(other than Disqualified Stock) to directors and employees pursuant to stock option or stock ownership plans, in each case, approved in good faith by the Board of Directors of the Company; 
 (2) transactions between or among the Company and/or its Restricted Subsidiaries; 
 (3) transactions with a Person (other than an Unrestricted Subsidiary of the Company) that is an Affiliate of the Company solely because
the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 
 (4) payment
of reasonable directors’ fees, compensation benefits or indemnity to directors; 
 (5) any issuance of Equity Interests
(other than Disqualified Stock) of the Company to Affiliates of the Company; 
 (6) Restricted Payments that do not violate
Section 4.07 or any Permitted Investment; 
 (7) loans or advances to employees made in the ordinary course of business;

 (8) any transaction described in “Certain Transactions” in the Offering Memorandum that is ongoing, meets the
requirements of clause (1) of Section 4.11(a)and is approved by a majority of the disinterested members of the Board of Directors of the Company at least annually; and 
  

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 (9) Permitted Holdings Payments. 
 Section 4.12. Liens. 
 The Company will not, and
will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Lien of any kind (except Permitted Liens) on any asset now owned or hereafter acquired by the Company or any of its
Restricted Subsidiaries or any proceeds, income or profits therefrom, or assign or convey any right to receive income therefrom unless, in the case of Indebtedness expressly subordinated to the Notes, the Notes and Note Guarantees are secured by a
Lien on such assets that is senior in priority to such Liens; or in the case of Indebtedness that ranks equally with the Notes, the Notes and the Note Guarantees are equally and ratably secured. 
 Section 4.13. Business Activities. 
 (a) The
Issuers will not, and will not permit any Restricted Subsidiary to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Issuers and their Restricted Subsidiaries taken as a whole. 

(b) SFC will not hold any material assets or become liable for any Obligations or engage in any business activities; provided that SFC may be a
co-obligor of the Notes (including any Additional Notes) pursuant to the terms of this Indenture, a borrower or guarantor pursuant to the terms of the Credit Agreement or a co-obligor on other Indebtedness of the Company permitted under this
Indenture if the Company is an obligor of such Indebtedness and the net proceeds of such Indebtedness are received by the Company or one or more of the Company’s Restricted Subsidiaries other than SFC. SFC may, as necessary, engage in any
activities directly related to or necessary in connection with serving as a co-obligor of the Notes, a borrower or guarantor pursuant to the terms of the Credit Agreement and a co-obligor on such other Indebtedness. The Company will not sell or
otherwise dispose of any of its Equity Interests in SFC and will not permit SFC, directly or indirectly, to issue or sell or otherwise dispose of any of its Equity Interests. 
 (c) Holdings shall not conduct or engage in any business or hold or acquire any assets other than 
 (1) the ownership of Capital Stock of the Company and any activities directly related to such ownership; 
 (2) the performance of its obligations under and in connection with its Note Guarantee, the Credit Agreement and any other Indebtedness
with respect to which the Company is an obligor and the proceeds of which are received by the Company or one or more of the Company’s Restricted Subsidiaries; or 
  

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 (3) the undertaking of any actions required by law, regulation or order, including to
maintain its existence. 
 Section 4.14. Corporate Existence. 
 Subject to Article 5 hereof, each of the Issuers shall do or cause to be done all things necessary to preserve and keep in full force and effect: 
 (1) its corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the
respective organizational documents (as the same may be amended from time to time) of such Issuer or any such Subsidiary; and 
 (2) the rights (charter and statutory) and franchises of such Issuer and its Subsidiaries; provided, however, that such Issuer shall not be required to preserve any such right or franchise, or the corporate, partnership or
other existence of such Issuer or any of its Subsidiaries, if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Issuer and its Subsidiaries, taken as a whole, and that
the loss thereof would not be reasonably expected to have a material adverse effect on the Issuers and the Guarantors as a whole. 
 Section 4.15.
Offer to Repurchase upon Change of Control. 
 (a) If a Change of Control occurs, each Holder will have the right to require the
Issuers to repurchase all or any part (equal to $2,000 or an integral multiple of $2,000) of that Holder’s Notes pursuant to a pursuant to an offer described below (a “Change of Control Offer”) on the terms set forth in this
Indenture. In the Change of Control Offer, the Issuers shall offer to purchase the Notes for a payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest and Additional Interest, if any, on
the Notes repurchased, to the date of purchase (the “Change of Control Payment”), subject to the rights of Holders on the relevant record date to receive interest due on an interest payment date that is prior to the purchase date.
Within 30 days following any Change of Control, the Company will mail a notice to each Holder describing the transaction or transactions that constitute the Change of Control and offering to repurchase Notes on the payment date specified in the
notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures required by this Indenture and described in such
notice. The Issuers will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the
Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with Section 3.09 or this Section 4.15, the Issuers will comply with the applicable securities laws and regulations
and will not be deemed to have breached its obligations under with Section 3.09 or this Section 4.15 by virtue of such compliance. 
 (b) On the Change of Control Payment Date, the Issuers will, to the extent lawful: 
 (1) accept for payment all
Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 
  

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 (2) deposit with the paying agent an amount equal to the Change of Control Payment in
respect of all Notes or portions of Notes properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the
Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuers. 
 (c) The Paying Agent will promptly mail to each Holder properly tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to
each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any. The Issuers will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control
Payment Date. 
 (d) The Issuers will not be required to make a Change of Control Offer upon a Change of Control if (1) a third party
makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in Section 3.09 and this Section 4.15 and purchases all Notes properly tendered and not withdrawn under the Change of
Control Offer, or (2) notice of redemption has been given pursuant to Section 3.07 unless and until there is a default in payment of the applicable redemption price. 
 (e) A Change of Control Offer may be made in advance of a Change of Control, conditioned upon consummation of the Change of Control, if a definitive
agreement is in effect at the time of making such Change of Control Offer that, when consummated in accordance with its terms, will result in a Change of Control. 
 Section 4.16. Limitation on Issuances of Guarantees of Indebtedness. 
 The Company will not permit any of its domestic
Restricted Subsidiaries, directly or indirectly, to Guarantee or pledge any assets to secure the payment of any other Indebtedness of the Company unless such domestic Restricted Subsidiary simultaneously executes and delivers a supplemental
indenture providing for the Guarantee of the payment of the Notes by such domestic Restricted Subsidiary, which Guarantee will be senior to or pari passu with such domestic Restricted Subsidiary’s Guarantee of or pledge to secure such
other Indebtedness. 
 Any Guarantee of the Notes will be released upon the occurrence of certain events described in this Indenture and will
be subject to the terms and conditions relating to Guarantees of the Notes set forth in this Indenture. 
 Section 4.17. Payments for Consent.

 The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any
consideration to or for the benefit of any Holder for or 

  

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as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to
be paid and is paid to all Holders that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 
 Section 4.18. Additional Note Guarantees. 
 If the Company or any of its Restricted Subsidiaries
acquires or creates a Restricted Subsidiary after the date of this Indenture, then that newly acquired or created Restricted Subsidiary will (1) become a Guarantor and execute a supplemental indenture, and (2) deliver to the Trustee an
Opinion of Counsel relating to the foregoing within 10 business days of the date on which it was acquired or created. 
 Section 4.19. Designation of
Restricted and Unrestricted Subsidiaries. 
 The Board of Directors of the Company may designate any Restricted Subsidiary to be an
Unrestricted Subsidiary if that designation would not cause a Default or Event of Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by the Company
and its Restricted Subsidiaries in the Subsidiary designated as Unrestricted will be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 4.07 or under one
or more clauses of the definition of Permitted Investments, as determined by the Company. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an
Unrestricted Subsidiary. 
 Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the Trustee by
filing with the Trustee a certified copy of a resolution of the Board of Directors giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the preceding conditions and was permitted by
Section 4.07. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any
Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 4.09, the Company will be in default
of such covenant. The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary of the Company; provided that such designation will be deemed to be an incurrence of Indebtedness by a
Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation will only be permitted if (1) such Indebtedness is permitted under Section 4.09, calculated on a pro forma basis as
if such designation had occurred at the beginning of the four-quarter reference period; and (2) no Default or Event of Default would be in existence following such designation. 
 The Company may not designate SFC an Unrestricted Subsidiary. 
  

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 Section 4.20. Sale and Leaseback Transactions. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Leaseback Transaction; provided that the
Company or any Restricted Subsidiary thereof may enter into a Sale and Leaseback Transaction if: 
 (1) the Company or such
Restricted Subsidiary, as applicable, could have (a) incurred Indebtedness in an amount equal to the Attributable Debt relating to such Sale and Leaseback Transaction and (b) incurred a Lien to secure such Indebtedness pursuant to
Section 4.12; 
 (2) the gross cash proceeds of that Sale and Leaseback Transaction are at least equal to the Fair Market
Value of the property that is the subject of that Sale and Leaseback Transaction; and 
 (3) the transfer of assets in that
Sale and Leaseback Transaction is permitted by, and the Company applies the proceeds of such transaction in compliance with, Section 4.10. 
 ARTICLE 5. 
 SUCCESSORS 
 Section 5.01. Merger, Consolidation, or Sale of Assets. 
 (a) The Company will not, directly or indirectly:
(1) consolidate or merge with or into another Person (whether or not the Company is the surviving Person); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of the
Company and its Restricted Subsidiaries taken as a whole, in one or more related transactions, to another Person, unless: 
 (1) either: (x) the Company is the surviving Person; or (y) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance, lease or other
disposition has been made is a corporation or limited liability company organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 
 (2) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such sale,
assignment, transfer, conveyance, lease or other disposition has been made assumes all the obligations of the Company under the Notes, this Indenture and the Registration Rights Agreement pursuant to a supplemental indenture and any other applicable
agreement reasonably satisfactory to the Trustee; 
 (3) immediately after such transaction, no Default or Event of Default
exists; 
  

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 (4) the Company or the Person formed by or surviving any such consolidation or merger (if
other than the Company), or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made, would, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the
same had occurred at the beginning of the applicable four-quarter period, be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in the first paragraph of Section 4.09; and

 (5) the Trustee is provided with an Opinion of Counsel stating that such consolidation or merger complies with the
provisions of this Indenture. 
 (b) Section 5.01(a)(4) will not apply to: 
 (1) a merger of the Company with an Affiliate solely for the purpose of reincorporating or reorganizing the Company in another
jurisdiction; or 
 (2) any consolidation or merger, or any sale, assignment, transfer, conveyance, lease or other disposition
of assets between or among the Company and its Wholly-Owned Restricted Subsidiaries. 
 (c) Holdings may not sell or otherwise dispose of all
or substantially all of its assets to, or consolidate with or merge with or into (whether or not Holdings is the surviving Person) another Person, unless: 
 (1) immediately after giving effect to that transaction, no Default or Event of Default exists; and 
 (2) the Person acquiring the property in any such sale or disposition or the Person formed by or surviving any such consolidation or merger assumes all the obligations of Holdings under this Indenture, pursuant to a supplemental indenture
satisfactory to the Trustee. 
 Section 5.02. Successor Corporation Substituted. 
 In the event of any transaction described in and complying with the conditions listed in this Section 5.01 in which Holdings or the Company is not
the continuing entity, the successor Person formed or remaining or to which such transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, Holdings or the Company, as the case may be, and Holdings or the
Company, as the case may be, would be discharged from all obligations and covenants under this Indenture and the Notes or its Note Guarantee, as the case may be, and the Registration Rights Agreement. 
  

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 ARTICLE 6. 
 DEFAULTS AND REMEDIES 
 Section 6.01. Events of Default. 
 Each of the following is an “Event of Default”: 
 (1) default for 30 days in the payment when due of interest on, or Additional Interest, if any, with respect to, the Notes; 
 (2) default in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium, if any, on the Notes;

 (3) failure by the Company or any of its Restricted Subsidiaries to comply with Section 4.10, 4.15 or 5.01 hereof;

 (4) failure by the Company or any of its Restricted Subsidiaries for 60 days after written notice to the Company by the
Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class to comply with any of the other agreements in this Indenture; 
 (5) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or guarantee now exists, or is created after
the date of this Indenture, if that default results in the acceleration of such Indebtedness prior to its express maturity, and the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under
which there has been a payment default or the maturity of which has been so accelerated, aggregates $10.0 million or more; 
 (6) failure by the Company or any of its Restricted Subsidiaries to pay final and nonappealable judgments entered by a court or courts of competent jurisdiction aggregating in excess of $10.0 million, which judgments are not paid,
discharged or stayed for a period of 60 days; 
 (7) except as permitted by this Indenture, any Note Guarantee is held in any
judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Note Guarantee; 

(8) the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the
Company that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 
  

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 (A) commences a voluntary case, 
 (B) consents to the entry of an order for relief against it in an involuntary case, 
 (C) consents to the appointment of a custodian of it or for all or substantially all of its property, 
 (D) makes a general assignment for the benefit of its creditors, or 
 (E) generally is not paying its debts as they become due; and 
 (9) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted
Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary in an involuntary case; 
 (B)
appoints a custodian of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary or for all or
substantially all of the property of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; or

 (C) orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any
group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; 
 and the order or decree
remains undischarged, unstayed or unremedied and in effect for 60 consecutive days. 
 Section 6.02. Acceleration. 
 In the case of an Event of Default specified in clauses (8) or (9) of Section 6.01, with respect to an Issuer, all outstanding Notes will
become due and payable immediately without further action or notice. If any other Event of Default occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Notes may declare all the
Notes to be due and payable immediately. 
 In the event of a declaration of acceleration of the Notes because an Event of Default has
occurred and is continuing as a result of the acceleration of any Indebtedness described in clause (5) of Section 6.01, the declaration of acceleration of the Notes shall be automatically annulled if 

  

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the holders of any Indebtedness described in clause (5) have rescinded the declaration of acceleration in respect of such Indebtedness within 30 days of
the date of such declaration and if (a) the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (b) all existing Events of Default, except nonpayment of
principal or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. 
 Section 6.03. Other
Remedies. 
 If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
principal, premium and Additional Interest, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right
or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
 Section 6.04. Waiver of Past Defaults. 
 Holders
of not less than a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may on behalf of the Holders of all of the Notes waive an existing Default or Event of Default and its consequences hereunder, except a
continuing Default or Event of Default in the payment of the principal of, premium and Additional Interest, if any, or interest on, the Notes (including in connection with an offer to purchase); provided, however, that the Holders of a
majority in aggregate principal amount of the then outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted in such acceleration. Upon any such waiver, such Default shall cease to exist,
and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 
 Section 6.05. Control by Majority. 
 Subject to
7.01(e), Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power
conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal
liability. 
  

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 Section 6.06. Limitation on Suits. 
 Except to enforce the right to receive payment of principal, premium, if any, or interest or Additional Interest, if any, when due, no Holder may pursue
any remedy with respect to this Indenture or the Notes unless: 
 (1) such Holder has previously given the Trustee notice that
an Event of Default is continuing; 
 (2) Holders of at least 25% in aggregate principal amount of the then outstanding Notes
have requested the Trustee to pursue the remedy; 
 (3) such Holders have offered the Trustee security reasonably satisfactory
to the Trustee or indemnity against any loss, liability or expense; 
 (4) the Trustee has not complied with such request
within 60 days after the receipt of the request and the offer of security or indemnity; and 
 (5) Holders of a majority in
aggregate principal amount of the then outstanding Notes have not given the Trustee a direction inconsistent with such request within such 60-day period. 
 Section 6.07. Rights of Holders to Receive Payment. 
 Notwithstanding any other provision of this Indenture, the right
of any Holder of a Note to receive payment of principal, premium and Additional Interest, if any, and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring
suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder; provided that a Holder shall not have the right to institute any such suit for the
enforcement of payment if and to the extent that the institution or prosecution thereof or the entry of judgment therein would, under applicable law, result in the surrender, impairment, waiver or loss of the Lien of this Indenture upon any property
subject to such Lien. 
 Section 6.08. Collection Suit by Trustee. 
 If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuers for
the whole amount of principal of, premium and Additional Interest, if any, and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the
costs and expenses of collection and the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel. 
  

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 Section 6.09. Trustee May File Proofs of Claim. 
 The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Issuers, their creditors
or their property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to
make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee and its agents and counsel, including under Section 7.07. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee and its agents and counsel out of the estate in any
such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in
such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan
of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10. Priorities. 
 Any money or other
property collected by the Trustee pursuant to this Article 6, or otherwise distributable in respect of the Issuers’ obligations under this Indenture shall be paid in the following order: 
 First: to the Trustee and its agents and attorneys for amounts due the Trustee under 7.07, including payment of all compensation,
expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 Second: to Holders for amounts due and unpaid on the Notes for principal, premium and Additional Interest, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the
Notes for principal, premium and Additional Interest, if any and interest, respectively; and 
 Third: to the Issuers
or the applicable Guarantor, as the case may be, its successors or assigns, or to whosoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct. 
 The Trustee may, upon written notice to the Issuers, fix a record date and payment date for any payment to Holders pursuant to this Section 6.10.

  

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 Section 6.11. Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to
Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 
 ARTICLE 7. 

TRUSTEE 
 Section 7.01. Duties of Trustee.

 (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 
 (b) Except during the continuance of an Event of Default: 
 (1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and
no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (2) in the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee will examine such certificates and opinions to determine whether or not they conform
to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01; 
  

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 (2) the Trustee will not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the
Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a),
(b), and (c) of this Section 7.01 and Section 7.02. 
 (e) No provision of this Indenture will require the Trustee to expend
or risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder has offered to the Trustee security and indemnity
reasonably satisfactory to it against any loss, liability or expense. 
 (f) The Trustee will not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Issuers. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 (g) The Trustee agrees to accept and act upon facsimile transmission of written instructions or directions pursuant to this Indenture, it being
understood that originals of such shall be provided to the Trustee in a timely manner. 
 Section 7.02. Rights of Trustee. 
 (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The
Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may
require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee may
consult with counsel and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon. 
 (c) The Trustee may act through its attorneys, accountants, experts and such other professionals as the Trustee deems necessary,
advisable or appropriate and shall not be responsible for the misconduct or negligence of any attorney, accountant, expert or other such professional appointed with due care. 
  

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 (d) The Trustee will not be liable for any action it takes or omits to take in good faith that it
believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise specifically provided
in this Indenture, any demand, request, direction or notice from the Issuers will be sufficient if signed by an Officer of each Issuer, and any resolution of the Boards of Directors of the Issuers shall be sufficient if evidenced by a copy of such
resolutions certified by an Officers’ Certificate to have been duly adopted and in full force and effect on the date thereof. 
 (f) The
Trustee will be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee security or indemnity reasonably acceptable
to the Trustee against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction. 
 (g)
The Trustee shall not be bound to make any investigation into the facts or matters stated in any document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may reasonably see fit,
and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the expense of the Company, and shall incur no
liability of any kind by reason of such inquiry or investigation. 
 (h) The Trustee shall not be deemed to have notice or be charged with
knowledge of any Default or Event of Default unless the Trustee shall have received written notice thereof in accordance with Section 13.02 hereof, and such notice references the Notes and this Indenture. 
 (i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 
 (j) The permissive right of the Trustee to take any action under this Indenture shall not be construed as a duty to so act. 
 (k) In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control,
including, without limitation, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
  

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 Section 7.03. Individual Rights of Trustee. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of
the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee
(if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 
 Section 7.04. Trustee’s Disclaimer. 
 The Trustee will not be responsible for and makes no
representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuers’ use of the proceeds from the Notes or any money paid to the Issuers or upon the Issuers’ direction under any
provision of this Indenture, it will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Notes or
any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication. 
 Section 7.05.
Notice of Defaults. 
 If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee will
mail to Holders a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium or Additional Interest, if any, or interest on, any Note, the Trustee
may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes. 
 Section 7.06. Reports by Trustee to Holders of the Notes. 
 (a) Within 60 days after each
May 15 beginning with the May 15 following the date of this Indenture, and for so long as Notes remain outstanding, the Trustee will mail to the Holders of the Notes a brief report dated as of such reporting date that complies with TIA
§ 313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA § 313(b)(2). The Trustee will
also transmit by mail all reports as required by TIA § 313(c). 
 (b) A copy of each report at the time of its mailing to the
Holders will be mailed by the Trustee to the Company and filed by the Trustee with the SEC and each stock exchange on which the Notes are listed in accordance with TIA § 313(d). The Company will promptly notify the Trustee when the Notes
are listed on any stock exchange and of any delisting thereof. 
  

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 Section 7.07. Compensation and Indemnity. 
 (a) The Issuers and the Guarantors will pay to the Trustee such reasonable compensation for its acceptance of this Indenture and services hereunder as is
agreed from time to time by the Issuers and the Trustee. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon request for all reasonable
and customary disbursements, advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except any such disbursement, advance or expense as may be attributable to the Trustee’s
negligent action, negligent failure to act, willful misconduct or bad faith. Such expenses will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 
 (b) The Issuers and the Guarantors will indemnify and hold harmless each of the Trustee and its officers, directors, employees and agents against any and
all losses, liabilities or reasonable out-of-pocket expenses incurred by it arising out of, relating to or in connection with the acceptance or administration of its duties under this Indenture, including the reasonable costs and expenses of
enforcing this Indenture against the Issuers and the Guarantors (including this Section 7.07) and defending itself against any claim (whether asserted by the Issuers, the Guarantors, any Holder or any other Person) or liability in connection
with the exercise or performance of any of its powers or duties hereunder or thereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee will notify the Issuers promptly of any
claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuers will not relieve the Issuers or any of the Guarantors of their obligations hereunder. Such Issuer or such Guarantor will defend the claim and the Trustee will
cooperate in the defense. The Trustee may have one separate counsel and the Issuers will pay the reasonable and customary fees and expenses of such counsel. Neither the Issuers nor any Guarantor need pay for any settlement made without its consent,
which consent will not be unreasonably withheld. 
 (c) The obligations of the Issuers and the Guarantors under this Section 7.07 are
joint and several and will survive the satisfaction and discharge of this Indenture. 
 (d) To secure the Issuers’ and the
Guarantors’ payment obligations in this Section 7.07, the Trustee will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes.
Such Lien will survive the satisfaction and discharge of this Indenture. 
 (e) When the Trustee incurs expenses or renders services after an
Event of Default specified in Section 6.01(8) or (9) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under
any Bankruptcy Law. 
 (f) The Trustee will comply with the provisions of TIA § 313(b)(2) to the extent applicable. 
  

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 Section 7.08. Replacement of Trustee. 
 (a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor Trustee’s acceptance
of appointment as provided in this Section 7.08. 
 (b) The Trustee may, upon 30 days’ written notice to the Issuers, resign and be
discharged from the trust hereby created. The Holders of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuers in writing. The Issuers may remove the Trustee if: 

(1) the Trustee fails to comply with Section 7.10 hereof; 
 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy
Law; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 
 (4) the Trustee becomes incapable of acting. 
 (c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuers will promptly appoint a successor Trustee. Within one year after the successor Trustee takes office,
the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Issuers. 
 (d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuers, or the Holders of at least 10% in principal amount of the then
outstanding Notes may petition any court of competent jurisdiction, at the expense of the Issuers, for the appointment of a successor Trustee. 
 (e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee. 
 (f) A successor Trustee will deliver a written acceptance of its appointment to the
retiring Trustee and to the Issuers. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor
Trustee will mail a notice of its succession to Holders. The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee, provided all sums owing to the Trustee hereunder have been paid and subject to
the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Issuers’ obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee.

  

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 Section 7.09. Successor Trustee by Merger, etc. 
 If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act will be the successor Trustee. 
 Section 7.10. Eligibility; Disqualification. 
 There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of America or of any
state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100.0 million as set forth
in its most recent published annual report of condition. 
 This Indenture will always have a Trustee who satisfies the requirements of TIA
§ 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b). 
 Section 7.11. Preferential Collection of Claims Against
Issuers. 
 The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A
Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 ARTICLE 8. 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
 Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance. 
 The Issuers may, at the option of their Boards
of Directors evidenced by resolutions set forth in an Officers’ Certificate, and at any time, elect to have either Section 8.02 or 8.03 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this
Article 8. 
 Section 8.02. Legal Defeasance and Discharge. 
 Upon the Issuers’ exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Issuers and each of the Guarantors will, subject to the satisfaction of the conditions set forth
in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes (including the Note Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal
Defeasance”). For this purpose, Legal Defeasance means that the Issuers and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes (including the Note Guarantees), which will
thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all their other
obligations under such Notes, the Note Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for the following provisions which will survive
until otherwise terminated or discharged hereunder: 
  

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 (1) the rights of Holders of outstanding Notes to receive payments in respect of the
principal of, or interest or premium and Additional Interest, if any, on such Notes when such payments are due from the trust referred to below; 
 (2) the Issuers’ obligations with respect to the Notes under Article 2 and Section 4.02 of this Indenture; 
 (3) the rights, powers, trusts, duties and immunities of the Trustee, and the Issuers’ and the Guarantors’ obligations in connection therewith; and 
 (4) this Article 8. 
 Subject
to compliance with this Article 8, the Issuers may exercise their option under this Section 8.02 notwithstanding the prior exercise of their option under Section 8.03 hereof. 
 Section 8.03. Covenant Defeasance. 
 Upon the Issuers’ exercise under Section 8.01
hereof of the option applicable to this Section 8.03, the Issuers and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the
covenants contained in Sections 3.09, 4.03, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16, 4.17, 4.18, 4.19, 4.20 and 5.01 hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof
are satisfied (hereinafter, “Covenant Defeasance”), and the Notes will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences
of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the outstanding Notes and Note Guarantees, the Issuers and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any
such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply
will not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes and Note Guarantees will be unaffected thereby. Upon the Issuers’ exercise under
Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(3) through 6.01(6) hereof will not constitute Events of Default.

 Section 8.04. Conditions to Legal or Covenant Defeasance. 
 In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 
  

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 (1) the Issuers must irrevocably deposit with the Trustee, in trust, for the benefit of
the holders of the Notes, cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in amounts as will be sufficient, in the opinion of a nationally recognized
investment bank, appraisal firm or firm of independent public accountants to pay the principal of, or interest and premium and Additional Interest, if any, on the outstanding Notes on the stated date for payment thereof or on the applicable
redemption date, as the case may be, and the Company must specify whether the Notes are being defeased to such stated date for payment or to a particular redemption date; 
 (2) in the case of Legal Defeasance, the Issuers must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee
confirming that (a) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling or (b) since the date of this Indenture, there has been a change in the applicable federal income tax law, in either
case to the effect that, and based thereon such Opinion of Counsel will confirm that, the holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the case of Covenant Defeasance, the Issuers must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee
confirming that the holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (4) no Default or Event of
Default has occurred and is continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in a breach or violation of, or
constitute a default under, any other instrument to which any Issuer or any Guarantor is a party or by which any Issuer or any Guarantor is bound; 
 (5) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under any material agreement or instrument (other than this Indenture) to which any Issuer or any
of their respective Subsidiaries is a party or by which any Issuer or any of their respective Subsidiaries is bound; 
 (6)
the Company must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders over the other creditors of the Company with the intent of defeating, hindering,
delaying or defrauding any creditors of the Company or others; and 
 (7) the Issuers must deliver to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
  

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 Nothing in this Article 8 shall be deemed to discharge those provisions of this Indenture, including the
provisions of Section 7.07 hereof, that by their terms survive the satisfaction and discharge of this Indenture. 
 Section 8.05. Deposited
Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.06 hereof, all money and
noncallable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in
respect of the outstanding Notes will be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as
Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium and Additional Interest, if any, and interest, but such money need not be segregated from other funds
except to the extent required by law. 
 The Issuers will pay and indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against the cash or noncallable Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of
the Holders of the outstanding Notes. 
 Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the
Issuers from time to time upon the request of the Issuers any money or noncallable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent
Legal Defeasance or Covenant Defeasance. 
 Section 8.06. Repayment to Issuers. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for the payment of the principal of, premium or Additional
Interest, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium or Additional Interest, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the
Issuers) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Issuers as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuers cause to be published
once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any
unclaimed balance of such money then remaining will be repaid to the Issuers. 
  

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 Section 8.07. Reinstatement. 
 If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or
judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuers’ and the Guarantors’ obligations under this Indenture and the Notes and the Note Guarantees will be revived
and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may
be; provided, however, that if the Issuers make any payment of principal of, premium or Additional Interest, if any, or interest on any Note following the reinstatement of its obligations, the Issuers will be subrogated to the rights of the Holders
of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE 9. 
 AMENDMENT, SUPPLEMENT AND WAIVER 
 Section 9.01.
Without Consent of Holders. 
 Notwithstanding Section 9.02 hereof, without the consent of any Holder, the Issuers, the Guarantors
and the Trustee may amend or supplement this Indenture, the Notes or the Note Guarantees: 
 (1) to cure any ambiguity, defect
or inconsistency; 
 (2) to provide for uncertificated Notes in addition to or in place of certificated Notes; 
 (3) to provide for the assumption of the Company’s or a Guarantor’s obligations to Holders and Note Guarantees in the case of a
merger or consolidation or sale of all or substantially all of the Company’s or such Guarantor’s assets, as applicable; 
 (4) to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the Trust Indenture Act; 
 (5) to conform the text of this Indenture, the Notes or the Note Guarantees to any provision of the “Description of Notes” section of the Issuers’ Offering Memorandum to the extent that such provision
in that “Description of Notes” section was intended to be a verbatim recitation of a provision of this Indenture, the Notes or the Note Guarantees; 
 (6) to provide for the issuance of Additional Notes, in accordance with the limitations set forth in this Indenture as of the date hereof;

  

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 (7) to provide additional rights or benefits to Holders or to amend or supplement this
Indenture in a manner that does not adversely affect the rights of Holders; or 
 (8) to allow any Guarantor to execute a
supplemental indenture and/or a Note Guarantee with respect to the Notes. 
 Section 9.02. With Consent of Holders. 
 Except as provided below in this Section 9.02, the Issuers, the Guarantors and the Trustee may amend or supplement this Indenture (including, without
limitation, Section 3.09, 4.10 and 4.15 hereof), the Note Guarantees and the Notes with the consent of the Holders of at least a majority in principal amount of the Notes (including, without limitation, Additional Notes, if any) then
outstanding voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event
of Default (other than a Default or Event of Default in the payment of the principal of, premium or Additional Interest, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance
with any provision of this Indenture, the Note Guarantees or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes voting as a single class (including consents obtained in connection
with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 hereof shall determine which Notes are considered to be “outstanding” for purposes of this Section 9.02. 
 Upon the request of the Issuers accompanied by resolutions of their Boards of Directors authorizing the execution of any such amended or supplemental
indenture, and upon the filing with the Trustee of evidence reasonably satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in Section 7.02 and Section 9.06
hereof, the Trustee will join with the Issuers and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under
this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture. 
 It is not necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver, but it is sufficient if such consent approves the
substance thereof. 
 After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Issuers will mail to the
Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding voting as a single class may waive compliance in a particular instance by the Issuers
and the Guarantors with any provision of this Indenture, the Notes, or the Note Guarantees. However, without the consent of each Holder 

  

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affected, an amendment, supplement or waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 
 (1) reduce the principal amount of Notes whose holders must consent to an amendment, supplement or waiver; 
 (2) reduce the principal of or change the fixed maturity of any Note or alter the provisions with respect to the redemption of the Notes
(other than provisions relating to Sections 3.09, 4.10 and 4.15); 
 (3) reduce the rate of or change the time for payment of
interest, including default interest, on any Note; 
 (4) waive a Default or Event of Default in the payment of principal of,
or interest or premium, or Additional Interest, if any, on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment
default that resulted from such acceleration); 
 (5) make any Note payable in money other than that stated in the Notes;

 (6) make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders to
receive payments of principal of, or interest or premium or Additional Interest, if any, on the Notes; 
 (7) waive a
redemption payment with respect to any Note (other than a payment required by Section 3.09, Section 4.10 or Section 4.15); 
 (8) release any Guarantor from any of its obligations under its Note Guarantee or this Indenture, except in accordance with the terms of this Indenture; or 
 (9) make any change in the preceding amendment and waiver provisions. 
 Section 9.03. Compliance with Trust Indenture Act. 
 Every amendment or supplement to this
Indenture or the Notes will be set forth in a amended or supplemental indenture that complies with the TIA as then in effect. 
 Section 9.04.
Revocation and Effect of Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note
is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such
Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver
becomes effective in accordance with its terms and thereafter binds every Holder. 
  

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 Section 9.05. Notation on or Exchange of Notes. 
 The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Issuers in exchange for
all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 
 Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment, supplement or waiver. 
 Section 9.06. Trustee to Sign Amendments, etc. 
 The Trustee will sign any amended or
supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Issuers may not sign an amended or supplemental indenture until
their respective Boards of Directors approve it. In executing any amended or supplemental indenture, the Trustee will be entitled to receive and (subject to Section 7.01 hereof) will be fully protected in relying upon, in addition to the
documents required by Section 12.04 hereof, an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 
 ARTICLE 10. 
 [RESERVED] 
 ARTICLE 11. 
 NOTE GUARANTEES 
 Section 11.01. Guarantee. 
 (a) Subject to this
Article 11, each of the Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and
enforceability of this Indenture, the Notes or the obligations of the Issuers hereunder or thereunder, that: 
 (1) the
principal of, premium and Additional Interest, if any, and interest on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the
Notes, if any, if lawful, and all other obligations of the Issuers to the Holders and to the Trustee under this Indenture will be promptly paid in full or performed, all in accordance with the terms of the Notes and this Indenture; and 

 

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 (2) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 (b)
The Guarantors hereby agree that (to the fullest extent permitted by law) their obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce
the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute
a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives (to the fullest extent permitted by law) diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the
Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenant that this Note Guarantee will not be discharged except by complete performance of the obligations contained in the Notes
and this Indenture. 
 (c) If any Holder or the Trustee is required by any court or otherwise to return to the Issuers, the Guarantors or any
custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, will be
reinstated in full force and effect. 
 (d) Each Guarantor agrees that it will not be entitled to any right of subrogation in relation to the
Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand,
(1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect
of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not due and payable) will forthwith become due and payable by the
Guarantors for the purpose of this Note Guarantee. The Guarantors will have the right to seek contribution from any nonpaying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Note Guarantee.

 Section 11.02. Limitation on Guarantor Liability. 
 Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance
for purposes of Bankruptcy Law, the Uniform Fraudulent 

  

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Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Note Guarantee. To effectuate the
foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and
fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such
other Guarantor under this Article 11, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or conveyance. 
 Section 11.03. Execution and Delivery of Note Guarantee. 
 To evidence its Note Guarantee set forth in
Section 11.01 hereof, each Guarantor hereby agrees that a notation of such Note Guarantee substantially in the form attached as Exhibit E hereto will be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the
Trustee and that this Indenture will be executed on behalf of such Guarantor by one of its Officers. 
 Each Guarantor hereby agrees that its
Note Guarantee set forth in Section 11.01 hereof will remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 
 If an Officer whose signature is on this Indenture or on the Note Guarantee no longer holds that office at the time the Trustee authenticates the Note on
which a Note Guarantee is endorsed, the Note Guarantee will be valid nevertheless. 
 The delivery of any Note by the Trustee, after the
authentication thereof hereunder, will constitute due delivery of the Note Guarantee set forth in this Indenture on behalf of the Guarantors. Neither the Issuers nor any Guarantor shall be required to make a notation on the Notes to reflect any Note
Guarantee or any such release, termination or discharge thereof. 
 In the event that the Issuers or any of their Restricted Subsidiaries
creates or acquires any Subsidiary after the date of this Indenture, if required by Section 4.18 hereof, the Company will cause such Subsidiary to comply with the provisions of Section 4.18 hereof and this Article 11, to the extent
applicable. 
 Section 11.04. Guarantors May Consolidate, etc., on Certain Terms. 
 Except as otherwise provided in Section 11.05 hereof, no Guarantor may sell or otherwise dispose of all or substantially all of its assets to, or
consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 
 (1) immediately after giving effect to such transaction, no Default or Event of Default exists; and 
  

 96 

 (2) either: 
 (a) subject to Section 11.05 hereof, the Person acquiring the property in any such sale or disposition or the Person formed by or surviving any such consolidation or merger unconditionally assumes all the
obligations of that Guarantor, pursuant to a supplemental indenture in form and substance reasonably satisfactory to the Trustee, under this Indenture, the Note Guarantee and the Registration Rights Agreement on the terms set forth herein or
therein; or 
 (b) the Net Proceeds of such sale or other disposition are applied in accordance with the applicable provisions of this
Indenture, including without limitation, Section 4.10 hereof. 
 In case of any such consolidation, merger, sale or conveyance and upon
the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the
covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Note Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Note Guarantees so issued
will in all respects have the same legal rank and benefit under this Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Note Guarantees had been issued at the date
of the execution hereof. 
 Except as set forth in Articles 4 and 5 hereof, and notwithstanding clauses (a) and (b) above, nothing
contained in this Indenture or in any of the Notes will prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or
substantially as an entirety to the Company or another Guarantor. The Company may permit any Guarantor to consolidate or merge, or convey, transfer or lease all or substantially all of the assets of such Guarantor, if such transaction would result
in the release of the Note Guarantee of such Guarantor pursuant to Section 11.05 hereof. 
 The Company may permit any Guarantor to
merge with or into, or convey, transfer or lease all or substantially all its assets to, an Affiliate incorporated solely for the purpose of reincorporating such Guarantor in another jurisdiction. 
 Section 11.05. Releases. 
 (a) In the event of
any sale or other disposition of all or substantially all of the assets of any Guarantor, by way of merger, consolidation or otherwise, or a sale or other disposition of all of the Capital Stock of any Guarantor, in each case to a Person that is not
(either before or after giving effect to such transactions) the Company or a Restricted Subsidiary of the Company, then such Guarantor (in the event of a sale or other disposition, by way of merger, consolidation or otherwise, of all of the Capital
Stock of such Guarantor) or the corporation acquiring the 

  

 97 

 
property (in the event of a sale or other disposition of all or substantially all of the assets of such Guarantor) will be released and relieved of any
obligations under its Note Guarantee; provided that the Net Proceeds of such sale or other disposition are applied in accordance with Section 4.10 hereof. Upon delivery by the Issuers to the Trustee of an Officers’ Certificate and an
Opinion of Counsel to the effect that such sale or other disposition was made by the Issuers in accordance with the provisions of this Indenture, including without limitation Section 4.10 hereof, the Trustee will execute any documents
reasonably requested of it in order to evidence the release of any Guarantor from its obligations under its Note Guarantee. 
 (b) Upon
designation of any Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Indenture, such Guarantor will be released and relieved of any obligations under its Note Guarantee. 
 (c) In the event of any consolidation or merger if the Guarantor or surviving Person shall cease to be a Subsidiary of the Company; provided that
such consolidation or merger is in accordance with the applicable provisions of this Indenture, including without limitation Section 5.01 hereof. 
 (d) Upon the release of such Guarantor from its liability in respect of all Indebtedness of the Issuers and all other Guarantors. 
 (e) Upon Legal Defeasance or Covenant Defeasance in accordance with Article 8 hereof or satisfaction and discharge of this Indenture in accordance with Article 11 hereof, each Guarantor will be released and relieved
of any obligations under its Note Guarantee. 
 Any Guarantor not released from its obligations under its Note Guarantee as provided in this
Section 11.05 will remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article 11. 
 ARTICLE 12. 
 SATISFACTION AND DISCHARGE

 Section 12.01. Satisfaction and Discharge. 
 This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder (subject to those provisions that by their express terms shall survive), when: 
 (1) either: 
 (a) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has been deposited in trust and thereafter repaid to the Issuers, have been delivered to
the Trustee for cancellation; or 
 (b) all Notes that have not been delivered to the Trustee for cancellation have become due
and payable by reason of the mailing of a notice of 

  

 98 

 
redemption or otherwise or will become due and payable within one year and the Company, SFC or any Guarantor has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in amounts as will
be sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium and Additional Interest, if any, and accrued
interest to the date of maturity or redemption; 
 (2) no Default or Event of Default has occurred and is continuing on the
date of the deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to
which the Company, SFC or any Guarantor is a party or by which the Company, SFC or any Guarantor is bound; 
 (3) the Company,
SFC or any Guarantor has paid or caused to be paid all sums payable by it under this Indenture; and 
 (4) the Issuers have
delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be. 
 In addition, the Issuers must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to
satisfaction and discharge have been satisfied. 
 Nothing in this Section 12.01 will be deemed to discharge those provisions of
Section 7.07 hereof, that, by their terms, survive the satisfaction and discharge of this Indenture. 
 Section 12.02. Application of Trust
Money. 
 Subject to the provisions of Section 8.06 hereof, all money deposited with the Trustee pursuant to Section 12.01
hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by
law. 
 If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 12.01 hereof by
reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuers’ and any Guarantor’s obligations under this Indenture
and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 12.01 hereof; provided that if the Issuers have made any payment of principal of, premium, if any, or interest on any Notes because of
the reinstatement of their obligations, the Issuers shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 
  

 99 

 ARTICLE 13. 
 MISCELLANEOUS 
 Section 13.01. Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA §318(c), the imposed duties will control.

 Section 13.02. Notices. 
 Any
notice or communication by the Issuers, any Guarantor or the Trustee to the others is duly given if in writing and delivered in Person or mailed by first class mail (registered or certified, return receipt requested), telecopier or overnight air
courier guaranteeing next day delivery, to the others’ address: 
 If to the Issuers and/or any Guarantor: 
 Susser Holdings, L.L.C. 
 c/o Wilmington Trust
SP Services, Inc. 
 1105 North Market Street, Ste. 1300 
 Wilmington, Delaware 19801 
 Attention: Sam L. Susser 
 Fax: (302) 427-7663 
 with a copy to:

 Morgan, Lewis & Bockius LLP 
 101 Park Avenue South 
 New York, New York 10178 
 Attention: David Pollak 
 Fax: (212) 309-6001 
 If to the Trustee: 
 The Bank of New York

 101 Barclay Street, 8W 
 New
York, New York 10286 
 Fax: (212) 815-5707 
 Attention: Corporate Trust Administration 
 The Issuers, any Guarantor or the Trustee, by notice to the
others, may designate additional or different addresses for subsequent notices or communications. 
  

 100 

 All notices and communications (other than those sent to Holders) will be deemed to have been duly given:
at the time delivered by hand, if personally delivered; at the time received, if mailed; when receipt acknowledged, if telecopied; and at the time received, if sent by overnight air courier guaranteeing next day delivery. Notwithstanding the
foregoing, notices to Trustee shall be deemed effective only upon actual receipt by the Trustee. 
 Any notice or communication to a Holder
will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication will also be so
mailed to any Person described in TIA § 313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 
 If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives
it. 
 If the Issuers mail a notice or communication to Holders, they will mail a copy to the Trustee and each Agent at the same time.

 Section 13.03. Communication by Holders with Other Holders. 
 Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Issuers, the Trustee, the Registrar and anyone else shall have the
protection of TIA § 312(c). 
 Section 13.04. Certificate and Opinion as to Conditions Precedent. 
 Upon any request or application by the Issuers to the Trustee to take any action under this Indenture, the Issuers shall furnish to the Trustee:

 (1) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee (which must include the
statements set forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and 
 (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all
such conditions precedent and covenants have been satisfied; provided that no such Opinion of Counsel shall be required in connection with the order of the Issuers to authenticate and deliver the Notes in the aggregate principal amount of
$170,000,000 on the date of this Indenture pursuant to Section 2.02 hereof. 
 Section 13.05. Statements Required in Certificate.

 Each certificate with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided
pursuant to TIA § 314(a)(4)) must comply with the provisions of TIA § 314(e) and must include: 
 (1) a
statement that the Person making such certificate has read such covenant or condition; 
  

 101 

 (2) a brief statement as to the nature and scope of the examination or investigation upon
which the statements contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such
Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 
 (4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied. 
  

	Section	13.06. Rules by Trustee and Agents. 

 The Trustee
may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 
  

	Section	13.07. No Personal Liability of Directors, Officers, Employees and Stockholders. 

 No past, present or future director, officer, employee, manager, partner, incorporator or stockholder of the Issuers or any Guarantor, as such, will have any liability for any obligations of the Issuers or the
Guarantors under the Notes, this Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 
  

	Section	13.08. Governing Law. 

 THIS INDENTURE, THE NOTES
AND THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
  

	Section	13.09. No Adverse Interpretation of Other Agreements. 

 This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Issuers or their Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

  

 102 

	Section	13.10. Successors. 

 All agreements of the Issuers
in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in
Section 11.05 hereof. 
  

	Section	13.11. Severability. 

 In case any provision in this
Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
  

	Section	13.12. Counterpart Originals. 

 The parties may sign
any number of copies or counterparts of this Indenture. Each signed copy or counterpart will be an original, but all of them together represent the same agreement. 
  

	Section	13.13. Table of Contents, Headings, etc. 

 The Table
of Contents, Cross-Reference Table and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the
terms or provisions hereof. 
  

	Section	13.14. Effect of Acquisition. 

 Effective
immediately upon the merger of Stripes Acquisition LLC with and into Susser Holdings, L.L.C., and without any further action by or on behalf of any of the parties hereto or any other Person, Susser Holdings, L.L.C. (it being understood that Susser
Holdings, L.L.C. succeeds to all rights and obligations by operation of law) hereby irrevocably and unconditionally (a) assumes and agrees punctually to pay, perform and discharge when due each of the obligations and each and every covenant and
agreement incurred, made or to be paid, performed or discharged by the Stripes Acquisition LLC under this Indenture, (b) agrees to be bound by all the terms, provisions and conditions of this Indenture applicable to the Stripes Acquisition LLC
(as such term is used herein), and (c) agrees that it will be responsible for and deemed to have made all the representations and warranties of the Stripes Acquisition LLC, whenever made or deemed to have been made, in the case of each of the
foregoing clauses, with the same force and effect as if Susser Holdings, L.L.C. were the original obligor hereunder. Upon the effectiveness of the assumptions provided for above, Susser Holdings, L.L.C. will be the obligor for all purposes of this
Indenture, the Notes and any instrument, certificate, or other document delivered in connection with this Indenture and the Notes and it may exercise every right and power of the Stripes Acquisition LLC under this Indenture and any instrument,
certificate, or other document delivered in connection with this Indenture with the same force and effect as if it were the original obligor hereunder. 
 [Signatures on following page] 
  

 103 

 SIGNATURES 
 Dated as of December 21, 2005 
  

			
	STRIPES ACQUISITION LLC
		
	By:	 	 /s/ William Dawson, Jr.

	Name:	 	William Dawson, Jr.
	Title:	 	Chief Executive Officer and President
	
	SUSSER FINANCE CORPORATION
		
	By:	 	 /s/ William Dawson, Jr.

	Name:	 	William Dawson, Jr.
	Title:	 	Chief Executive Officer and President

 SIGNATURES 
 Dated as of December 21, 2005 
  

			
	STRIPES ACQUISITION LLC
		
	By:	 	 /s/ William Dawson, Jr.

	Name:	 	William Dawson, Jr.
	Title:	 	Chief Executive Officer and President
	
	SUSSER FINANCE CORPORATION
		
	By:	 	 /s/ William Dawson, Jr.

	Name:	 	William Dawson, Jr.
	Title:	 	Chief Executive Officer and President

					
	STRIPES HOLDINGS, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	SSP SERVICES L.P.
		
	By:	 	SSP Services Management Company, LLC,
its general partner
		
	By:	 	 /s/ William Dawson, Jr.

		 	Name:	 	William Dawson, Jr.
		 	Title:	 	Vice President
		 		 	
	
	SSP HOLDINGS LIMITED PARTNERSHIP
		
	By:	 	S Interests Management Company, LLC,
its general partner
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary
	
	SUSSER PETROLEUM MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary
	
	S INTERESTS MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary

					
	SSP SERVICES MANAGEMENT COMPANY, LLC
		
	By:	 	Susser Holdings, L.L.C., its sole member
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	SUSSER PETROLEUM COMPANY, LP
		
	By:	 	Susser Petroleum Management Company, LLC,
its general partner
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary
	
	APT MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary
	
	APPLIED PETROLEUM TECHNOLOGIES LTD.
		
	By:	 	APT Management Company, LLC,
its general partner
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary
	
	CORPUS CHRISTI REIMCO, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary

					
	C & G INVESTMENTS, LLC
		
	By:	 	 /s/ Mary E. Sullivan

		 	Name:	 	Mary E. Sullivan
		 	Title:	 	Vice President
	
	SSP BEVERAGE, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Manager
	
	SSP BEVCO I LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Manager
	
	SSP BEVCO II LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Manager
	
	TND BEVERAGE, LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Manager
	
	SSP PARTNERS
		
	By:	 	SSP Services, L.P.
		
		 	By: SSP Services Management Company, LLC,
its general partner
		
	By:	 	 /s/ William Dawson, Jr.

		 	Name:	 	William Dawson, Jr.
		 	Title:	 	Vice President

					
	By:	 	SSP Holdings Limited Partnership
			
		 	By:	 	S Interests Management Company, LLC,
its general partner
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	Name:	 	E.V. Bonner, Jr.
		 	Title:	 	Executive Vice President and Secretary

					
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	 /s/

		 	Name:	 	
		 	Title:	 	

 EXHIBIT A1 
 [Face of Note] 
 CUSIP/CINS             

 10 5/8% Senior Notes due 2013 
  

			
	No.             	 	$            

 STRIPES ACQUISITION LLC 
 (to be merged with and into SUSSER HOLDINGS, L.L.C.) 
 SUSSER FINANCE CORPORATION

 promises to pay to CEDE & CO. or registered assigns, 
 the principal sum of
                                        
                                        
                                        
                                 DOLLARS on December 15, 2013. 
 Interest Payment Dates: June 15 and December 15 
 Record Dates:
June 1 and December 1 
 Dated:
                        , 2005 
  

 A-1-1 

			
	STRIPES ACQUISITION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUSSER FINANCE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  
  

			
	This is one of the Notes referred to in the within- mentioned Indenture:
	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 A-1-2 

 [Back of Note] 
 10 5/8% Senior Notes due 2013 
 [Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
 (1) Interest. Stripes Acquisition LLC, a Delaware limited liability company (to be merged with and into Susser Holdings, L.L.C., a
Delaware limited liability company) (the “Company”) and Susser Finance Corporation, a Delaware corporation (“SFC” and, together with the Company, the “Issuers”), promise to pay interest on the
principal amount of this Note at 10 5/8% per annum from December 15, 2005 until maturity and shall pay
the Additional Interest, if any, payable pursuant to Section 5 of the Registration Rights Agreement referred to below. The Issuers will pay interest and Additional Interest, if any, semiannually in arrears on June 15 and December 15
of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest
Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be June 15, 2006. The Issuers will pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is equal to the rate then in effect; they will pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue installments of interest and Additional Interest, if any, (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a
360-day year of twelve 30-day months. 
 (2) Method of Payment. The Issuers will pay interest on the Notes
(except defaulted interest) and Additional Interest, if any, to the Persons who are registered Holders at the close of business on the June 1 or December 1 next preceding the Interest Payment Date, even if such Notes are canceled after
such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and Additional Interest, if any, and
interest at the office or agency of the Issuers maintained for such purpose within or without the City and State of New York, or, at the option of the Issuers, payment of interest and Additional Interest, if any, may be made by check mailed to the
Holders at their addresses set forth in the register of Holders; provided that 

  

 A-1-3 

 
payment by wire transfer of immediately available funds will be made with respect to principal of and interest, premium and Additional Interest, if any, on
all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. 
 (3) Paying Agent and Registrar. Initially, The Bank of New
York, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 
 (4) Indenture. The Issuers issued the Notes under an Indenture dated as of December 21, 2005 (the
“Indenture”) among the Issuers, the Guarantors and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA (15 U.S. Code §§ 77aaa77bbbb).
The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the
Indenture shall govern and be controlling. 
 (5) Optional Redemption. 
 (a) At any time prior to December 15, 2008, the Issuers may on any one or more occasions redeem up to (i) 35% of the aggregate
principal amount of Notes originally issued under the Indenture and (ii) all or a portion of any Additional Notes issued after the date of the Indenture, in each case at a redemption price of 110.675% of the principal amount, plus accrued and
unpaid interest and Additional Interest, if any, to the redemption date, with the net cash proceeds of a Public Equity Offering of the Company or a contribution to the Company’s or a Restricted Subsidiary’s common equity capital made with
the net cash proceeds of a Public Equity Offering of any other direct or indirect parent of the Company; provided that: 
 (1) at least 65% of the aggregate principal amount of Notes originally issued under this Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and

 (2) the redemption occurs within 90 days of the date of the closing of such sale of Equity Interests. 
 (b) Except pursuant to subparagraph (a) above, the Notes will not be redeemable at the Issuers’ option prior to
December 15, 2009. On or after December 15, 2009, the Issuers may redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth
below plus accrued and unpaid interest and Additional Interest, if any, 

  

 A-1-4 

 
on the Notes redeemed, to the applicable redemption date, if redeemed during the twelve-month period beginning on December 15 of the years indicated
below, subject to the rights of Holders on the relevant record date to receive interest on an interest payment date that is prior to the applicable redemption date: 
  

				
	 Year
	  	Percentage	 
	 2009
	  	105.313	%
	 2010
	  	102.656	%
	 2011 and thereafter
	  	100.000	%

 Unless the Issuers default in the payment of the redemption price, interest will cease to accrue
on the Notes or portions thereof called for redemption on the applicable redemption date. 
 (6) Mandatory Redemption.
The Issuers will not be required to make mandatory redemption payments with respect to the Notes. 
 (7) Repurchase at the
Option Of Holder. 
 (a) If a Change of Control occurs, each Holder will have the right to require the Issuers to
repurchase all or any part (equal to $2,000 or an integral multiple of $2,000) of that Holder’s Notes (a “Change of Control Offer”) at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and
unpaid interest and Additional Interest, if any, on the Notes repurchased, if any, to the date of purchase, subject to the rights of Noteholders on the relevant record date to receive interest due on an interest payment date that is prior to the
purchase date (the “Change of Control Payment”). Within ten days following any Change of Control, the Issuers will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the
Indenture. 
 (b) If the Company or a Restricted Subsidiary of the Company consummates any Asset Sales, once the aggregate
amount of Excess Proceeds exceeds $7.5 million, the Issuers will commence an offer to all Holders pursuant to Section 3.09 of the Indenture to purchase the maximum principal amount of Notes (including any Additional Notes) that may be purchased
out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof plus accrued and unpaid interest and Additional Interest thereon, if any, to the date of purchase, in accordance with the procedures set
forth in the Indenture. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Issuers may use those Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes tendered
into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will select the Notes to be purchased on a pro rata basis. Holders that are the subject of an offer to purchase will receive an Asset Sale Offer from the Issuers
prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” attached to the Notes. 
  

 A-1-5 

 (8) Notice of Redemption. Notice of redemption will be mailed at least 30 days but
not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection
with a defeasance of the Notes or a satisfaction or discharge of the Indenture. Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $2,000, unless all of the Notes held by a Holder are to be redeemed. On
and after the redemption date interest ceases to accrue on Notes or portions thereof called for redemption. 
 (9)
Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $2,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture.
The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The
Issuers need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Issuers need not exchange or register the transfer of any
Notes (i) for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date, or (ii) during a period beginning at the opening of business 15 days
before any Interest Payment Date and ending at the close of business on such Interest Payment Date. 
 (10) Persons Deemed
Owners. The registered Holder of a Note may be treated as its owner for all purposes. 
 (11) Amendment, Supplement and
Waiver. Subject to certain exceptions, the Indenture, the Note Guarantees or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes and Additional Notes,
if any, voting as a single class, and any existing Default or Event of Default or compliance with any provision of the Indenture, the Note Guarantees or the Notes may be waived with the consent of the Holders of a majority in principal amount of the
then outstanding Notes and Additional Notes, if any, voting as a single class. Without the consent of any Holder of a Note, the Indenture, the Note Guarantees or the Notes may be amended or supplemented to cure any ambiguity, defect or
inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes, to provide for the assumption of an Issuer’s or any Guarantor’s obligations to Holders of the Notes and Note Guarantees in the case of a
merger or consolidation or sale of all or substantially all of such Issuer’s or such Guarantor’s assets, as applicable, to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not
adversely affect the rights under the Indenture or under the Intercreditor Agreement of any such Holder, to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA, to conform the text
of the Indenture, the Notes or the Note Guarantees to any provision of the “Description of Notes” section of the Issuers’ Offering Memorandum dated 

  

 A-1-6 

 
December 15, 2005, relating to the initial offering of the Notes, to the extent that such provision in that “Description of Notes” was
intended to be a verbatim recitation of a provision of the Indenture, the Notes or the Note Guarantees, to provide for the Issuance of Additional Notes in accordance with the limitations set forth in the Indenture or to allow any Guarantor to
execute a supplemental indenture to the Indenture and/or a Note Guarantee with respect to the Notes. 
 (12) Defaults and
Remedies. Each of the following is an Event of Default: (i) the Issuers default for 30 days in the payment when due of interest on, or Additional Interest, if any, with respect to, the Notes; (ii) the Issuers default in the payment
when due (at maturity, upon redemption or otherwise) of the principal of, or premium, if any, on the Notes; (iii) the Company or any of its Restricted Subsidiaries fails to comply with the provisions of Sections 4.10, 4.15 or 5.01 of the
Indenture; (iv) the Company or any of its Restricted Subsidiaries fails to observe or perform any other covenant or other agreement in the Indenture or the Notes for 60 days after written notice to the Company by the Trustee or the Holders of
at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class; (v) a default occurs under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced
any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or guarantee exists as of, or is created
after, the date of the Indenture, if that default results in the acceleration of such Indebtedness prior to its express maturity, and the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness
under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $10.0 million or more; (vi) failure by the Company or any of its Restricted Subsidiaries to pay final and nonappealable judgments entered
by a court or courts of competent jurisdiction aggregating in excess of $10.0 million, which judgments are not paid, discharged or stayed for a period of 60 days; (vii) except as permitted by the Indenture, any Note Guarantee is held in any
judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its Note Guarantee; and
(viii) certain events of bankruptcy or insolvency with respect to the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, when taken together, would constitute a
Significant Subsidiary. If any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable. Notwithstanding the foregoing, in
the case of an Event of Default arising from certain events of bankruptcy or insolvency, all outstanding Notes will become due and payable without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the
Indenture. In the event of a declaration of acceleration of the Notes because an Event of Default has occurred and is continuing as a result of the acceleration of any Indebtedness described in clause (5) of Section 6.01 of the Indenture,
the declaration of acceleration of the Notes shall be automatically annulled if the holders of any Indebtedness described in clause (5) of 

  

 A-1-7 

 
Section 6.01 of the Indenture have rescinded the declaration of acceleration in respect of such Indebtedness within 30 days of the date of such
declaration and if (a) the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (b) all existing Events of Default, except nonpayment of principal or interest on
the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest) if it determines that withholding
notice is in their interest. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its
consequences under the Indenture except a continuing Default or Event of Default in the payment of interest or premium or Additional Interest, if any, on, or the principal of, the Notes; provided, however, that the Holders of a majority in aggregate
principal amount of the then outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted in such acceleration. The Issuers are required to deliver to the Trustee annually a statement
regarding compliance with the Indenture, and the Issuers are required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 
 (13) Trustee Dealings with Issuers. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from,
and perform services for the Issuers or its Affiliates, and may otherwise deal with the Issuers or their Affiliates, as if it were not the Trustee. 
 (14) No Recourse Against Others. A director, officer, employee, incorporator or stockholder, of the Issuers or any of the Guarantors, as such, will not have any liability for any obligations of the Company or
such Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver
and release are part of the consideration for the issuance of the Notes. 
 (15) Authentication. This Note will not be
valid until authenticated by the manual signature of the Trustee or an authenticating agent. 
 (16) Abbreviations.
Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=
Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
 (17) Additional Rights of Holders of Restricted Global Notes
and Restricted Definitive Notes. In addition to the rights provided to Holders under the Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes will have all the 

  

 A-1-8 

 
rights set forth in the Registration Rights Agreement dated as of December 21, 2005, between the Issuers and the other parties named on the signature
pages thereof or, in the case of Additional Notes, Holders of Restricted Global Notes and Restricted Definitive Notes will have the rights set forth in one or more registration rights agreements, if any, between the Issuers and the other parties
thereto, relating to rights given by the Issuers to the purchasers of any Additional Notes (collectively, the “Registration Rights Agreement”). 
 (18) CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Issuers have caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or
as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 (19) GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 The Issuers will furnish to any Holder upon written request and without charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: 
 Susser Holdings, L.L.C. 
 c/o Wilmington Trust SP Services, Inc. 
 1105 North Market Street, Ste. 1300 
 Wilmington, Delaware 19801 
  

 A-1-9 

 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
  

			
	 (I) or (we) assign and transfer this Note to:
	 	  

		 	(Insert assignee’s legal name)

  

	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	  
  

	  
  

	  
  

	  
  

	(Print or type assignee’s name, address and zip code)

  

			
	and irrevocably appoint	 	  

 to transfer this Note on the books of the Issuers. The agent may substitute another to act for him. 
  

			
	 Date:
	 	  

  

			
	 Your Signature:
	 	  

		 	 (Sign exactly as your name appears
 on the face of this Note)

  

	

			
	 Signature  Guarantee*:
	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-1-10 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.10 or 4.15 of the Indenture, check the appropriate box below:

 ~    Section 4.10                    ~    Section 4.15 
 If you want to elect to have only part of the Note purchased by the Issuers pursuant to Section 4.10 or Section 4.15 of the Indenture, state
the amount you elect to have purchased: 
 $              
 Date:                          

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-1-11 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 
 The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	 Amount of
 decrease in
Principal Amount
of this Global Note
	  	Amount of increase
in Principal
Amount of this
Global Note	  	 Principal Amount
of this Global Note
following
such
decrease
 (or increase)
	  	Signature of
authorized officer
of Trustee or
Custodian
		  		  		  		  	

	*	This schedule should be included only if the Note is issued in global form. 

  

 A-1-12 

 EXHIBIT A2 
 [Face of Regulation S Temporary Global Note] 
 CUSIP/CINS
             
 10 5/8% Senior Notes due 2013 
  

			
	No.             	 	$            

 STRIPES ACQUISITION LLC 
 (to be merged with and into SUSSER HOLDINGS, L.L.C.) 
 SUSSER FINANCE CORPORATION

 promises to pay to CEDE & CO. or registered assigns, 
 the principal sum of
                                        
                                        
                                        
                     DOLLARS on December 15, 2013. 
 Interest Payment Dates: June 15 and December 15 
 Record Dates: June 1 and December 1

 Dated:
                        , 2005 
  

 A-2-1 

			
	STRIPES ACQUISITION LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUSSER FINANCE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

 This is one of the Notes referred to in the within mentioned Indenture: 
  

			
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 A-2-2 

 [Back of Regulation S Temporary Global Note] 
 10 5/8% Senior Notes due 2013 
 [Insert the Regulation S Temporary Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
 (1) Interest. Stripes Acquisition LLC, a Delaware limited liability company (to be merged with and into Susser Holdings, L.L.C., a
Delaware limited liability company) (the “Company”) and Susser Finance Corporation, a Delaware corporation (“SFC,” and, together with the Company, the “Issuers”), promise to pay interest on the
principal amount of this Note at 10 5/8% per annum from December 15, 2005 until maturity and shall pay
the Additional Interest, if any, payable pursuant to Section 5 of the Registration Rights Agreement referred to below. The Issuers will pay interest and Additional Interest, if any, semiannually in arrears on June 15 and December 15
of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding
Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be June 15, 2006. The Issuers will pay interest (including post-petition interest
in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is equal to the rate then in effect; they will pay interest (including post-petition interest in any proceeding under
any Bankruptcy Law) on overdue installments of interest and Additional Interest, if any, (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a
360-day year of twelve 30-day months. 
 Until this Regulation S Temporary Global Note is exchanged for one or more Regulation S
Permanent Global Note, the Holder hereof shall not be entitled to receive payments of interest hereon; until so exchanged in full, this Regulation S Temporary Global Note shall in all other respects be entitled to the same benefits as other Notes
under the Indenture. 
 (2) Method of Payment. The Issuers will pay interest on the Notes (except defaulted interest)
and Additional Interest, if any, to the Persons who are registered 

  

 A-2-3 

 
Holders at the close of business on the June 1 or December 1 next preceding the Interest Payment Date, even if such Notes are canceled after such
record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and Additional Interest, if any, and interest at
the office or agency of the Issuers maintained for such purpose within or without the City and State of New York, or, at the option of the Issuers, payment of interest and Additional Interest, if any, may be made by check mailed to the Holders at
their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds will be made with respect to principal of and interest, premium and Additional Interest, if any, on all Global Notes
and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of payment is legal tender for
payment of public and private debts. 
 (3) Paying Agent and Registrar. Initially, The Bank of New York, the Trustee
under the Indenture, will act as Paying Agent and Registrar. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 
 (4) Indenture. The Issuers issued the Notes under an Indenture dated as of December 21, 2005 (the
“Indenture”) among the Issuers, the Guarantors and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA (15 U.S. Code §§ 77aaa77bbbb).
The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the
Indenture shall govern and be controlling. 
 (5) Optional Redemption. 
 (a) At any time prior to December 15, 2008, the Issuers may on any one or more occasions redeem up to (i) 35% of the aggregate
principal amount of Notes originally issued under the Indenture and (ii) all or a portion of any Additional Notes issued after the date of the Indenture, in each case at a redemption price of 110.675% of the principal amount, plus accrued and
unpaid interest and Additional Interest, if any, to the redemption date, with the net cash proceeds of a Public Equity Offering of the Company or a contribution to the Company’s or a Restricted Subsidiary’s common equity capital made with
the net cash proceeds of a Public Equity Offering of any other direct or indirect parent of the Company; provided that: 
 (1)
at least 65% of the aggregate principal amount of Notes originally issued under this Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 
  

 A-2-4 

 (2) the redemption occurs within 90 days of the date of the closing of such sale of
Equity Interests. 
 (b) Except pursuant to subparagraph (a) above, the Notes will not be redeemable at the Issuers’
option prior to December 15, 2009. On or after December 15, 2009, the Issuers may redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal
amount) set forth below plus accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed, to the applicable redemption date, if redeemed during the twelvemonth period beginning on December 15 of the years indicated below,
subject to the rights of Holders on the relevant record date to receive interest on an interest payment date that is prior to the applicable redemption date: 
  

				
	 Year
	  	Percentage	 
	 2009
	  	105.313	%
	 2010
	  	102.656	%
	 2011 and thereafter
	  	100.000	%

 Unless the Issuers default in the payment of the redemption price, interest will cease to accrue
on the Notes or portions thereof called for redemption on the applicable redemption date. 
 (6) Mandatory Redemption.
The Issuers will not be required to make mandatory redemption payments with respect to the Notes. 
 (7) Repurchase at the
Option Of Holder. 
 (a) If a Change of Control occurs, each Holder will have the right to require the Issuers to
repurchase all or any part (equal to $2,000 or an integral multiple of $2,000) of that Holder’s Notes (a “Change of Control Offer”) at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and
unpaid interest and Additional Interest, if any, on the Notes repurchased, if any, to the date of purchase, subject to the rights of Noteholders on the relevant record date to receive interest due on an interest payment date that is prior to the
purchase date (the “Change of Control Payment”). Within ten days following any Change of Control, the Issuers will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the
Indenture. 
 (b) If the Company or a Restricted Subsidiary of the Company consummates any Asset Sales, once the aggregate
amount of Excess Proceeds exceeds $7.5 million, the Issuers will commence an offer to all Holders pursuant to Section 3.09 of the Indenture to purchase the maximum principal amount of Notes (including any Additional Notes) that may be purchased
out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof plus accrued and unpaid interest and Additional Interest thereon, if any, to the date of purchase, in accordance with the procedures set
forth in the Indenture. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Issuers may use those Excess Proceeds for any purpose not otherwise 

  

 A-2-5 

 
prohibited by the Indenture. If the aggregate principal amount of Notes tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the
Trustee will select the Notes to be purchased on a pro rata basis. Holders that are the subject of an offer to purchase will receive an Asset Sale Offer from the Issuers prior to any related purchase date and may elect to have such Notes purchased
by completing the form entitled “Option of Holder to Elect Purchase” attached to the Notes. 
 (8) Notice
of Redemption. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more
than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction or discharge of the Indenture. Notes in denominations larger than $2,000 may be redeemed in part but only in whole
multiples of $2,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption date interest ceases to accrue on Notes or portions thereof called for redemption. 
 (9) Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $2,000 and integral
multiples of $2,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents
and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Issuers need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed
portion of any Note being redeemed in part. Also, the Issuers need not exchange or register the transfer of any Notes (i) for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the
corresponding Interest Payment Date or (ii) during a period beginning at the opening of business 15 days before any Interest Payment Date and ending at the close of business on such Interest Payment Date. 
 This Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the
40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global
Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note. 
 (10) Persons Deemed
Owners. The registered Holder of a Note may be treated as its owner for all purposes. 
 (11) Amendment, Supplement and
Waiver. Subject to certain exceptions, the Indenture, the Note Guarantees or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes and Additional Notes,
if any, voting as a single class, and any existing Default or Event of Default or compliance with any provision of the Indenture, the Note Guarantees 

  

 A-2-6 

 
or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes and Additional Notes, if any,
voting as a single class. Without the consent of any Holder of a Note, the Indenture, the Note Guarantees or the Notes may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertificated Notes in addition to
or in place of certificated Notes, to provide for the assumption of an Issuer’s or any Guarantor’s obligations to Holders of the Notes and Note Guarantees in the case of a merger or consolidation or sale of all or substantially all of such
Issuer’s or such Guarantor’s assets, as applicable, to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the rights under the Indenture or under the
Intercreditor Agreement of any such Holder, to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA, to conform the text of the Indenture, the Notes or the Note Guarantees to any
provision of the “Description of Notes” section of the Issuers’ Offering Memorandum dated December 15, 2005, relating to the initial offering of the Notes, to the extent that such provision in that “Description of
Notes” was intended to be a verbatim recitation of a provision of the Indenture, the Notes or the Note Guarantees, to provide for the Issuance of Additional Notes in accordance with the limitations set forth in the Indenture or to allow any
Guarantor to execute a supplemental indenture to the Indenture and/or a Note Guarantee with respect to the Notes. 
 (12)
Defaults and Remedies. Each of the following is an Event of Default: (i) the Issuers default for 30 days in the payment when due of interest on, or Additional Interest, if any, with respect to, the Notes; (ii) the Issuers default in
the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium, if any, on the Notes; (iii) the Company or any of its Restricted Subsidiaries fails to comply with the provisions of Sections 4.10, 4.15 or
5.01 of the Indenture; (iv) the Company or any of its Restricted Subsidiaries fails to observe or perform any other covenant or other agreement in the Indenture or the Notes for 60 days after written notice to the Company by the Trustee or the
Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class; (v) a default occurs under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or guarantee exists as of, or
is created after, the date of the Indenture, if that default results in the acceleration of such Indebtedness prior to its express maturity, and the principal amount of any such Indebtedness, together with the principal amount of any other such
Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $10.0 million or more; (vi) failure by the Company or any of its Restricted Subsidiaries to pay final and nonappealable
judgments entered by a court or courts of competent jurisdiction aggregating in excess of $10.0 million, which judgments are not paid, discharged or stayed for a period of 60 days; (vii) except as permitted by the Indenture, any Note Guarantee
is held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any 

  

 A-2-7 

 
Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its Note Guarantee; and (viii) certain events of bankruptcy or
insolvency with respect to the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, when taken together, would constitute a Significant Subsidiary. If any Event of Default
occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable. Notwithstanding the foregoing, in the case of an Event of Default arising from
certain events of bankruptcy or insolvency, all outstanding Notes will become due and payable without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. In the event of a declaration of
acceleration of the Notes because an Event of Default has occurred and is continuing as a result of the acceleration of any Indebtedness described in clause (5) of Section 6.01 of the Indenture, the declaration of acceleration of the Notes
shall be automatically annulled if the holders of any Indebtedness described in clause (5) of Section 6.01 of the Indenture have rescinded the declaration of acceleration in respect of such Indebtedness within 30 days of the date of such
declaration and if (a) the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (b) all existing Events of Default, except nonpayment of principal or interest on
the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest) if it determines that withholding
notice is in their interest. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its
consequences under the Indenture except a continuing Default or Event of Default in the payment of interest or premium or Additional Interest, if any, on, or the principal of, the Notes; provided, however, that the Holders of a
majority in aggregate principal amount of the then outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted in such acceleration. The Issuers are required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Issuers are required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 
 (13) Trustee Dealings with Issuers. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from,
and perform services for the Issuers or its Affiliates, and may otherwise deal with the Issuers or their Affiliates, as if it were not the Trustee. 
 (14) No Recourse Against Others. A director, officer, employee, incorporator or stockholder, of the Issuers or any of the Guarantors, as such, will not have any liability for any obligations of the Company or
such Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such 

  

 A-2-8 

 
obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration
for the issuance of the Notes. 
 (15) Authentication. This Note will not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent. 
 (16) Abbreviations. Customary abbreviations may be used in the
name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 
 (17) Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes. In
addition to the rights provided to Holders under the Indenture, Holders of this Regulation S Temporary Global Note will have all the rights set forth in the Registration Rights Agreement dated as of December 21, 2005, between the Issuers and
the other parties named on the signature pages thereof or, in the case of Additional Notes, Holders thereof will have the rights set forth in one or more registration rights agreements, if any, between the Issuers and the other parties thereto,
relating to rights given by the Issuers to the purchasers of any Additional Notes (collectively, the “Registration Rights Agreement”). 
 (18) CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuers have caused CUSIP numbers to be printed on the Notes and the Trustee may
use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon. 
 (19) GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 The Issuers will furnish to any Holder upon written request and without charge a
copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: 
 Susser Holdings, L.L.C.

 c/o Wilmington Trust SP Services, Inc. 
 1105 North Market Street, Ste. 1300 
 Wilmington, Delaware 19801 
  

 A-2-9 

 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	 	  

		 	(Insert assignee’s legal name)

  

	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	  
  

	  
  

	  
  

	  
  

	(Print or type assignee’s name, address and zip code)

			
	and irrevocably appoint	 	  

 to transfer this Note on the books of the Issuers. The agent may substitute another to act for him. 
  

			
	 Date:
	 	  

  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

	

			
	 Signature  Guarantee*:
	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-2-10 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.10 or 4.15 of the Indenture, check the appropriate box below:

 ~    Section 4.10                ~    Section 4.15 
 If you want to elect to have only part of the Note purchased by the Issuers pursuant to Section 4.10 or Section 4.15 of the Indenture, state
the amount you elect to have purchased: 
 $             
 Date:
                         
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Tax Identification No.:	 	  

  

			
	Signature Guarantee*:	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-2-11 

 SCHEDULE OF EXCHANGES OF REGULATION S TEMPORARY GLOBAL NOTE* 
 The following exchanges of a part of this Regulation S Temporary Global Note for an interest in another Global Note, or exchanges in part of another
Restricted Global Note for an interest in this Regulation S Temporary Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of
decrease in
Principal Amount
of this Global Note	  	Amount of increase
in Principal
Amount of this
Global Note	  	 Principal Amount
of this Global Note
following
such
decrease
 (or increase)
	  	Signature of
authorized officer
of Trustee or
Custodian
		  		  		  		  	

  

	*	This schedule should be included only if the Note is issued in global form. 

  

 A-2-12 

 EXHIBIT B 
 FORM OF CERTIFICATE OF TRANSFER 
 Susser Holdings, L.L.C. 
 c/o Wilmington Trust SP Services, Inc. 
 1105 North Market Street, Ste. 1300 
 Wilmington, Delaware 19801 
 The Bank of New York 
 101 Barclay Street, 8W 
 New York, New York 10286 
 Re: 10 5/8%
Senior Notes due 2013 
 Reference is hereby made to the Indenture,
dated as of December 21, 2005 (the “Indenture”), among Stripes Acquisition LLC, a Delaware limited liability company (to be merged with and into Susser Holdings, L.L.C., a Delaware limited liability company) (the
“Company”) and Susser Finance Corporation, a Delaware corporation (“SFC,” and, together with the Company, the “Issuers”), each of the Guarantors party hereto and The Bank of New York, as trustee
(the “Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
                          (the “Transferor”) owns and proposes to transfer the Note[s] or
interest in such Note[s] specified in Annex A hereto, in the principal amount of $             in such Note[s] or interests (the “Transfer”), to
                     (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the
Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 
 1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a
Restricted Definitive Note pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the
Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or
more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the
requirements of Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act.

  

 B-1 

 2.  ̈ Check if Transferee will take delivery of a beneficial interest in the Regulation S Temporary Global Note, the Regulation S Permanent Global Note or a Restricted Definitive Note pursuant to Regulation S. The Transfer is being
effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the
time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was
executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed
selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the
Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser).
Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on
the Regulation S Permanent Global Note, the Regulation S Temporary Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 
 3.  ̈ Check and complete if Transferee will take delivery of a beneficial interest in the IAI Global Note
or a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in
Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies
that (check one): 
 (a)  ̈ such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; 
 or 
 (b)  ̈ such Transfer is being
effected to the Issuers or a subsidiary thereof; 
 or 
 (c)  ̈ such Transfer is being
effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act; 
  

 B-2 

 or 
 (d)  ̈ such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from
the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the
Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial interests in a Restricted Global Note or Restricted Definitive Notes and the requirements of the exemption claimed, which certification is supported by
(1) a certificate executed by the Transferee in the form of Exhibit D to the Indenture and (2) an Opinion of Counsel provided by the Transferor or the Transferee (a copy of which the Transferor has attached to this certification), to the
effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions
on transfer enumerated in the Private Placement Legend printed on the IAI Global Note and/or the Restricted Definitive Notes and in the Indenture and the Securities Act. 
 4.  ̈ Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or of
an Unrestricted Definitive Note. 
 (a)  ̈ Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions
contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 
 (b)  ̈ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with
Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer
contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 
 (c)  ̈ Check if Transfer is
Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the 

  

 B-3 

 
registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 
 This certificate and the statements
contained herein are made for your benefit and the benefit of the Issuers. 
  

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated:
                         
  

 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 
  

	1.	The Transferor owns and proposes to transfer the following: 

 [CHECK ONE OF (a) OR (b)] 
  

									
	(1)	  	(a)	 	 ̈	 	a beneficial interest in the:
					
		  		 	(i)	 	 ̈	  	144A Global Note (CUSIP             ), or
					
		  		 	(ii)	 	 ̈	  	Regulation S Global Note (CUSIP             ), or
					
		  		 	(iii)	 	 ̈	  	IAI Global Note (CUSIP             ); or
				
		  	(b)	 	 ̈	 	a Restricted Definitive Note.

  

	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE]

  

											
		  		  	(a)	 	 ̈	 	a beneficial interest in the:
						
		  		  		 	(i)	 	 ̈	  	144A Global Note (CUSIP             ), or
						
		  		  		 	(ii)	 	 ̈	  	Regulation S Global Note (CUSIP             ), or
						
		  		  		 	(iii)	 	 ̈	  	IAI Global Note (CUSIP             ); or
						
		  		  		 	(iv)	 	 ̈	  	Unrestricted Global Note (CUSIP             ); or
					
		  		  	(b)	 	 ̈	 	a Restricted Definitive Note.
					
		  		  	(c)	 	 ̈	 	an Unrestricted Definitive Note,

 in accordance with the terms of the Indenture. 
  

 B-5 

 EXHIBIT C 
 FORM OF CERTIFICATE OF EXCHANGE 
 Susser Holdings, L.L.C. 
 c/o Wilmington Trust SP Services, Inc. 
 1105 North Market Street, Ste. 1300 
 Wilmington, Delaware 19801 
 The Bank of New York 
 101 Barclay Street, 8W 
 New York, New York 10286 
 Re% Senior Notes due 2013 
 (CUSIP
            ) 
 Reference is hereby made to the Indenture, dated as of
December 21, 2005 (the “Indenture”), among Stripes Acquisition LLC, a Delaware limited liability company (to be merged with and into Susser Holdings, L.L.C., a Delaware limited liability company) (the
“Company”) and Susser Finance Corporation, a Delaware corporation (“SFC,” and, together with the Company, the “Issuers”), each of the Guarantors party hereto, and The Bank of New York, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
                      (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note [s] specified
herein, in the principal amount of $             in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that:

 1.  ̈ Exchange of Restricted
Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or Beneficial Interests in an Unrestricted Global Note. 
 (a)  ̈ Check if Exchange is
from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an
Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of
any state of the United States. 
  

 C-1 

 (b)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note
for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance
with the Securities Act and (iv) the Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (c)  ̈ Check if Exchange is
from Restricted Definitive Note to beneficial interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby
certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to
and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is
being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (d)
 ̈ Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive Note. In connection with the Owner’s Exchange of a
Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in
compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are
not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (2)  ̈ Exchange of Restricted Definitive Notes or
Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes. 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive
Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being
acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, 

  

 C-2 

 
the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the
Restricted Definitive Note and in the Indenture and the Securities Act. 
 (b)  ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted
Definitive Note for a beneficial interest in the [CHECK ONE] 144A Global Note,  ̈ Regulation S Global Note,  ̈ IAI Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without
transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky
securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 
 This certificate and the
statements contained herein are made for your benefit and the benefit of the Issuers. 
  

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated:
                         
  

 C-3 

 EXHIBIT D 
 FORM OF CERTIFICATE FROM 
 ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR 
 Susser Holdings, L.L.C. 
 c/o Wilmington Trust SP Services, Inc. 

1105 North Market Street, Ste. 1300 
 Wilmington, Delaware 19801

 The Bank of New York 
 101 Barclay Street, 8W 
 New York, New York 10286 
 Re: 10 5/8% Senior Notes due 2013 
 Reference is hereby made to the Indenture, dated as of December 21, 2005 (the “Indenture”), among Stripes Acquisition LLC, a
Delaware limited liability company (to be merged with and into Susser Holdings, L.L.C., a Delaware limited liability company) (the “Company”) and Susser Finance Corporation, a Delaware corporation (“SFC” and,
together with the Company, the “Issuers”), each of the Guarantors party hereto, and The Bank of New York, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

In connection with our proposed purchase of $             aggregate principal
amount of: 
 (a)  ̈ a
beneficial interest in a Global Note, or 
 (b)  ̈ a Definitive Note, 
 we confirm that: 
 1. We understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set
forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as
amended (the “Securities Act”). 
 2. We understand that the offer and sale of the Notes have not been
registered under the Securities Act, and that the Notes and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as
hereinafter stated, that if we should sell the Notes or any interest therein, we will do so only (A) to the Issuers or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional
buyer” (as defined therein), (C) to an institutional “accredited investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its 

  

 D-1 

 
behalf by a U.S. broker-dealer) to you and to the Issuers a signed letter substantially in the form of this letter and an Opinion of Counsel in form
reasonably acceptable to the Issuers to the effect that such transfer is in compliance with the Securities Act, (D) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the
provisions of Rule 144(k) under the Securities Act or (F) pursuant to an effective registration statement under the Securities Act, and we further agree to provide to any Person purchasing the Definitive Note or beneficial interest in a Global
Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such purchaser that resales thereof are restricted as stated herein. 
 3. We understand that, on any proposed resale of the Notes or beneficial interest therein, we will be required to furnish to you and the
Issuers such certifications, legal opinions and other information as you and the Issuers may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further understand that the Notes purchased by us will
bear a legend to the foregoing effect. 
 4. We are an institutional “accredited investor” (as defined in
Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we
and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 
 5. We are
acquiring the Notes or beneficial interest therein purchased by us for our own account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion.

 You and the Issuers are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	  

	[Insert Name of Accredited Investor]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated:
                         
  

 D-2 

 EXHIBIT E 
 [FORM OF NOTE GUARANTEE] 
 For value received, each Guarantor (which term includes any successor Person
under the Indenture) has, jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of December 21, 2005 (the “Indenture”) among Stripes
Acquisition LLC, a Delaware limited liability company (to be merged with and into Susser Holdings, L.L.C., a Delaware limited liability company) (the “Company”), Susser Finance Corporation, a Delaware corporation
(“SFC” and, together with the Company, the “Issuers”), the Guarantors party thereto and The Bank of New York, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of,
premium and Additional Interest, if any, and interest on, the Notes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Notes, if any, if lawful, and
the due and punctual performance of all other obligations under the Indenture of the Issuers to the Holders and the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any
Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the
Guarantors to the Holders and the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article 11 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantee. 

 

 E-1 

 Capitalized terms used but not defined herein have the meanings given to them in the Indenture.

  

			
	[NAME OF GUARANTOR(S)]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 E-2 

 EXHIBIT F 
 [FORM OF SUPPLEMENTAL INDENTURE 
 TO BE DELIVERED BY SUBSEQUENT GUARANTORS] 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of December [    ] 2005, among
                     (the “Guaranteeing Subsidiary”), a subsidiary of Stripes Acquisition LLC, a Delaware limited liability
company (to be merged with and into Susser Holdings, L.L.C., a Delaware limited liability company) (the “Company”) and Susser Finance Corporation, a Delaware corporation (“SFC,” and, together with the Company, the
“Issuers”), each of the Guarantors party hereto and The Bank of New York, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Issuers have heretofore executed and delivered to
the Trustee an indenture (the “Indenture”), dated as of December 21, 2005, providing for the issuance of 10 5/8% Senior Notes due 2013 (the “Notes”); 
 WHEREAS, the Indenture provides that under certain
circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s obligations under the Notes and the
Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.01
of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in
the Indenture. 
 2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an unconditional
Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 11 thereof. 
 3. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of
the Issuers or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by
accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of
the SEC that such a waiver is against public policy. 
  

 F-1 

 4. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE. 
 5. Counterparts. The parties may sign any number of
copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 6. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 7. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained
herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company. 
  

 F-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and
attested, all as of the date first above written. 
 Dated:
                    , 20     
  

			
	[GUARANTEEING SUBSIDIARY]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	STRIPES ACQUISITION LLC
		
	By:	 	
	Name:	 	
	Title:	 	
	
	SUSSER FINANCE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[EXISTING GUARANTOR(S)]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 F-3Credit Agreement, dated December 21, 2005

 Exhibit 10.1 
 [Execution Version] 
 Unpublished CUSIP Number:
                         
 CREDIT AGREEMENT 
 among 
 SUSSER HOLDINGS, L.L.C. and SSP PARTNERS, 
 as Borrowers, 
 THE BANKS, 
 BANK OF AMERICA, N.A.,

 as Administrative Agent for the Banks, 
 MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, 
 FENNER & SMITH INCORPORATED 
 as Syndication Agent for the Banks 
 And

 BANC OF AMERICA SECURITIES LLC and 
 MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, 
 FENNER & SMITH INCORPORATED 
 as Joint Lead Arrangers and Joint Book Managers 
 $50,000,000 
 December 21, 2005 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	PAGE
	 ARTICLE I
	 	 DEFINITIONS AND ACCOUNTING TERMS
	  	1
			
	 1.1
	 	 Certain Defined Terms
	  	1
			
	 1.2
	 	 Computation of Time Periods
	  	22
			
	 1.3
	 	 Accounting Terms; Preparation of Financials
	  	22
			
	 1.4
	 	 Types
	  	22
			
	 1.5
	 	 Times of Day
	  	22
			
	 1.6
	 	 Letters of Credit Amounts
	  	22
			
	 1.7
	 	 Interpretation
	  	22
			
	 ARTICLE II
	 	 CREDIT FACILITIES
	  	23
			
	 2.1
	 	 Revolving Loan Facility
	  	23
			
	 2.2
	 	 Swing Line Facility
	  	26
			
	 2.3
	 	 Letter of Credit Facility
	  	27
			
	 2.4
	 	 Fees
	  	33
			
	 2.5
	 	 Interest
	  	33
			
	 2.6
	 	 Breakage Costs
	  	36
			
	 2.7
	 	 Increased Costs
	  	36
			
	 2.8
	 	 Market Failure
	  	37
			
	 2.9
	 	 Payment Procedures and Computations
	  	38
			
	 2.10
	 	 Taxes
	  	39
			
	 2.11
	 	 Change of Lending Office
	  	41
			
	 2.12
	 	 Increase of Revolving Loan Commitments
	  	42
			
	 ARTICLE III
	 	 CONDITIONS PRECEDENT
	  	43
			
	 3.1
	 	 Conditions of Initial Revolving Loan Borrowing
	  	43
			
	 3.2
	 	 Conditions Precedent to Each Extension of Credit
	  	46
			
	 ARTICLE IV
	 	 REPRESENTATIONS AND WARRANTIES
	  	47
			
	 4.1
	 	 Organization
	  	47
			
	 4.2
	 	 Authorization
	  	47
			
	 4.3
	 	 Enforceability
	  	47
			
	 4.4
	 	 Absence of Conflicts and Approvals
	  	47
			
	 4.5
	 	 Investment Companies
	  	48
			
	 4.6
	 	 Public Utilities
	  	48
			
	 4.7
	 	 Financial Condition
	  	48

  

 i 

 TABLE OF CONTENTS 
 (Continued) 
  

					
	 	 	 	  	PAGE
	 4.8
	 	 Condition of Assets
	  	48
			
	 4.9
	 	 Litigation
	  	49
			
	 4.10
	 	 Subsidiaries
	  	49
			
	 4.11
	 	 Laws and Regulations
	  	49
			
	 4.12
	 	 Environmental Compliance
	  	49
			
	 4.13
	 	 ERISA
	  	50
			
	 4.14
	 	 Taxes
	  	50
			
	 4.15
	 	 Solvency
	  	50
			
	 4.16
	 	 Perfection, Etc
	  	50
			
	 4.17
	 	 True and Complete Disclosure
	  	50
			
	 ARTICLE V
	 	 COVENANTS
	  	51
			
	 5.1
	 	 Organization
	  	51
			
	 5.2
	 	 Reporting
	  	51
			
	 5.3
	 	 Inspection
	  	54
			
	 5.4
	 	 Use of Proceeds
	  	54
			
	 5.5
	 	 Financial Covenants
	  	54
			
	 5.6
	 	 Restricted Payments
	  	56
			
	 5.7
	 	 Capital Expenditures
	  	56
			
	 5.8
	 	 Debt
	  	57
			
	 5.9
	 	 Liens
	  	57
			
	 5.10
	 	 Corporate Transactions
	  	57
			
	 5.11
	 	 Transactions with Affiliates
	  	58
			
	 5.12
	 	 Insurance
	  	58
			
	 5.13
	 	 Investments
	  	59
			
	 5.14
	 	 Lines of Business
	  	59
			
	 5.15
	 	 Compliance with Laws
	  	59
			
	 5.16
	 	 Environmental Compliance
	  	59
			
	 5.17
	 	 ERISA Compliance
	  	59
			
	 5.18
	 	 Payment of Certain Claims
	  	60
			
	 5.19
	 	 Subsidiaries
	  	60
			
	 5.20
	 	 Amendment of Organizational Documents
	  	60
			
	 5.21
	 	 Accounting Changes
	  	60

  

 ii 

 TABLE OF CONTENTS 
 (Continued) 
  

					
	 	 	 	  	PAGE
	 5.22
	 	 Books and Records
	  	60
			
	 5.23
	 	 Amendment, Etc., of Material Contracts
	  	61
			
	 5.24
	 	 Partnerships, Etc
	  	61
			
	 5.25
	 	 Restrictive Agreements
	  	61
			
	 ARTICLE VI
	 	 DEFAULT AND REMEDIES
	  	61
			
	 6.1
	 	 Events of Default
	  	61
			
	 6.2
	 	 Termination of Revolving Loan Commitments
	  	63
			
	 6.3
	 	 Acceleration of Credit Obligations
	  	63
			
	 6.4
	 	 Cash Collateralization of Letters of Credit
	  	64
			
	 6.5
	 	 Default Interest
	  	64
			
	 6.6
	 	 Right of Setoff
	  	64
			
	 6.7
	 	 Actions Under Credit Documents
	  	64
			
	 6.8
	 	 Remedies Cumulative
	  	64
			
	 6.9
	 	 Application of Payments
	  	65
			
	 ARTICLE VII
	 	 THE ADMINISTRATIVE AGENT AND THE ISSUING BANK
	  	66
			
	 7.1
	 	 Authorization and Action
	  	66
			
	 7.2
	 	 Reliance, Etc
	  	66
			
	 7.3
	 	 Affiliates
	  	67
			
	 7.4
	 	 Bank Credit Decision
	  	67
			
	 7.5
	 	 Expenses
	  	67
			
	 7.6
	 	 Indemnification
	  	68
			
	 7.7
	 	 Successor Administrative Agent and Issuing Bank
	  	68
			
	 7.8
	 	 Collateral and Guaranty Matters
	  	69
			
	 ARTICLE VIII
	 	 MISCELLANEOUS
	  	69
			
	 8.1
	 	 Expenses
	  	69
			
	 8.2
	 	 Indemnification
	  	70
			
	 8.3
	 	 Modifications, Waivers, and Consents
	  	71
			
	 8.4
	 	 Survival of Agreements
	  	71
			
	 8.5
	 	 Assignment and Participation
	  	71
			
	 8.6
	 	 Notices; Effectiveness; Electronic Communication
	  	74
			
	 8.7
	 	 Choice of Law
	  	76
			
	 8.8
	 	 WAIVER OF RIGHT TO TRIAL BY JURY
	  	76

  

 iii 

 TABLE OF CONTENTS 
 (Continued) 
  

					
	 	  	 	  	PAGE
	 8.9
	  	 Counterparts
	  	77
			
	 8.10
	  	 USA Patriot Act Notice
	  	77
			
	 8.11
	  	 Joint and Several Liability
	  	77
			
	 8.12
	  	 Entire Agreement
	  	77
			
	 8.13
	  	 Treatment of Certain Information; Confidentiality
	  	77

  

					
	EXHIBITS	  		  	
			
	Exhibit A	  	-	  	Form of Borrowing Base Certificate
			
	Exhibit B	  	-	  	Form of Compliance Certificate
			
	Exhibit C	  	-	  	Form of Revolving Loan Borrowing Request
			
	Exhibit D	  	-	  	Form of Continuation/Conversion Request
			
	Exhibit E	  	-	  	Form of Revolving Loan Note
			
	Exhibit F	  	-	  	Form of Assignment and Acceptance
			
	Exhibit G	  	-	  	Closing Documents List
			
	Exhibit H	  	-	  	Form of Joinder Agreement
			
	Exhibit I-1	  	-	  	New Bank Agreement
			
	Exhibit I-2	  	-	  	Revolving Loan Commitment Increase Agreement
			
	 SCHEDULES
	  		  	
			
	Schedule I	  	-	  	Administrative Information (Borrowers; Administrative Agent; Banks)
			
	Schedule II	  	-	  	Existing Letters of Credit
			
	Schedule 4.10	  	-	  	Subsidiaries
			
	Schedule 4.12	  	-	  	Environmental Compliance
			
	Schedule 5.5	  	-	  	Consolidated EBITDAR
			
	Schedule 5.8	  	-	  	Debt
			
	Schedule 5.9(a)	  	-	  	Existing Liens
			
	Schedule 5.9(b)	  	-	  	Landlords’ Liens
			
	Schedule 5.11	  	-	  	Transactions with Affiliates

  

 iv 

 CREDIT AGREEMENT 
 This Credit Agreement dated as of December 21, 2005, is among Susser Holdings, L.L.C., a Delaware limited liability company, and SSP Partners, a Texas general partnership, as Borrowers, the financial institutions
named herein, as Banks, and Bank of America, N.A., as Administrative Agent for the Banks. 
 The parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS AND
ACCOUNTING TERMS 
 1.1 Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings
(unless otherwise indicated, such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Acquisition” means the direct or indirect purchase or acquisition, whether in one or more related transactions, of any Person or group of Persons or any group of related assets, liabilities, or securities of any Person or
group of Persons. 
 “Acquisition Agreement” means the Agreement and Plan of Merger dated as of November 4, 2005, by and
among the Parent Borrower, the Parent Guarantor, and Stripes Acquisition LLC (including all schedules and exhibits thereto). 
 “Administrative Agent” means Bank of America, in its capacity as an administrative and collateral agent pursuant to Article 7 and any successor agent pursuant to Section 7.7. 
 “Affiliate” means, as to any Person, any other Person that, directly or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, such Person or any Subsidiary of such Person. The term “control” (including the terms “controlled by” or “under common control with”) means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership, by contract, or otherwise. 
 “Agents” means the Administrative Agent and the Syndication Agent. 
 “Agreement” means this Credit Agreement. 
 “Applicable Lending Office” means, with respect to
each Bank and for any particular type of transaction, the office of such Bank set forth in Schedule I to this Agreement (or in the applicable Assignment and Acceptance by which such Bank joined this Agreement) as its applicable lending office
for such type of transaction or such other office of such Bank as such Bank may from time to time specify in writing to the Borrowers and the Administrative Agent for such particular type of transaction. 

 “Applicable Margin” means, with respect to interest rates, unused commitment fees, and
letter of credit fees and as of any date of its determination, an amount equal to the percentage amount set forth in the table below opposite the applicable Consolidated Rent Adjusted Leverage Ratio for the four fiscal quarters then most recently
ended: 
  

													
	Consolidated Rent
Adjusted Leverage Ratio	 	Applicable Margin
LIBOR Tranches	 	 	Applicable Margin
Prime Rate Tranche	 	 	Applicable Margin
Commitment Fee	 	 	Applicable Margin
Letter of Credit Fee	 
	> 5.75	 	2.00	%	 	1.00	%	 	.50	%	 	1.50	%
	£ 5.75 and > 4.75	 	1.75	%	 	0.75	%	 	.50	%	 	1.50	%
	£ 4.75	 	1.50	%	 	0.50	%	 	.375	%	 	1.50	%

 Until the delivery of the Parent Borrower’s quarterly financial statements and Compliance
Certificate for the period ending April 2, 2006, the foregoing ratio shall be deemed to be £ 5.75 and > 4.75. Thereafter, the ratio and
resulting Applicable Margin shall be based upon the most recent Compliance Certificate delivered to the Administrative Agent pursuant to Sections 5.2(a) or 5.2(b). Any adjustments to the Applicable Margin shall become effective on the
45th day following the last day of each fiscal quarter or on the 120th day following the last day of each fiscal year as applicable; provided, however, that if any such Compliance Certificate is not delivered when required hereunder,
the Applicable Margin shall be deemed to be the maximum percentage amount in each table from such 45th or 120th day until such Compliance Certificate is received by the Administrative Agent. Upon any change in the Applicable Margin, the
Administrative Agent shall promptly notify the Borrowers and the Banks of the new Applicable Margin, provided that any failure by the Administrative Agent to deliver such notice shall not affect any such change. 
 “Assignee Group” means two or more Eligible Assignees that are Affiliates of one another. 
 “Assignment and Acceptance” means an Assignment and Acceptance in substantially the form of Exhibit F executed by an assignor
Bank, an assignee Bank, and the Administrative Agent, in accordance with Section 8.5. 
 “AutoBorrow Agreement” means
the AutoBorrow Service Agreement dated as of December 21, 2005, between the Subsidiary Borrower and the Swing Line Lender. 
 “Bank
of America” means Bank of America, N.A., in its individual capacity. 
 “Banks” means the lenders listed as Banks
on the signature pages of this Agreement and each Eligible Assignee that shall become a party to this Agreement pursuant to Section 8.5(b). 
 “Base Rate” means, for any day, the fluctuating rate per annum of interest equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Rate in effect on such day plus 0.50%. 
 “Borrower” means each of the Parent Borrower and the Subsidiary Borrower and “Borrowers” means the foregoing
collectively. 
  

 2 

 “Borrowing Base Certificate” means a borrowing base certificate executed by an
authorized officer of the Parent Borrower in substantially the form of Exhibit A. 
 “Bridge Loans” means,
collectively, senior unsecured loans in a principal amount of up to $170,000,000 made available to the Parent Borrower under a bridge loan facility arranged by the Joint Lead Arrangers and on terms and conditions reasonably acceptable to the Agents.

 “Business Day” means any Monday through Friday during which commercial banks are open for business in Houston, Texas,
and, if the applicable Business Day relates to any LIBOR Tranche, on which dealings are carried on in the London interbank market. 
 “C&G Entity” means each of C&G Investments, LLC, a Delaware limited liability company, and each Cash and Go Entity. 
 “Capital Expenditures” means, with respect to any Person and with respect to any period of its determination, the consolidated expenditures of such Person during such period that are required to be
included in or are reflected by the consolidated property, plant, or equipment accounts of such Person, or any similar fixed asset or long term capitalized asset accounts of such Person, on the consolidated balance sheet of such Person in conformity
with generally accepted accounting principles, provided, that Capital Expenditures shall not include expenditures deemed to occur in connection with Acquisitions made pursuant to Section 5.9. 
 “Capital Leases” means, with respect to any Person, any lease of any property by such Person which would, in accordance with generally
accepted accounting principles, be required to be classified and accounted for as a capital lease on the balance sheet of such Person. 
 “Cash and Go Entity” means Cash and Go Management, LLC, a Texas limited liability company, and Cash and Go, Ltd., a Texas limited partnership. 
 “Change of Control” means (a) with respect to the Parent Guarantor, Wellspring’s failure to own directly or indirectly at least 51% of the Voting Securities of the Parent Guarantor on a
fully-diluted basis, (b) with respect to the Parent Borrower, the Parent Guarantor’s failure to own 100% of the Voting Securities of the Parent Borrower on a fully-diluted basis, in each case, as a result of one or more transactions and (c)
with respect to the Subsidiary Borrower, that (i) Sam L. Susser, or any successor to his management role or function approved by the Administrative Agent in its reasonable discretion prior to such succession, shall cease to actively serve in a
similar management role or function as he serves as of the date hereof by reason of resignation, action by the partners of the Subsidiary Borrower, or otherwise, or (ii) as a result of one or more transactions, any Person or related Persons
constituting a group (as defined in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) that does not have an ownership interest in the Subsidiary Borrower as of the date hereof shall acquire, directly or indirectly,
beneficial ownership of more than 49% of the outstanding Voting Securities in the Subsidiary Borrower. 
  

 3 

 “Circle K Royalties” means the royalties paid by the Parent Borrower and its
Subsidiaries to TMC Franchise Corporation pursuant to the License Agreement dated as of November 26, 1996, as amended, between the Subsidiary Borrower and TMC Franchise Corporation. 
 “Closing Date” means the first date on which all of the conditions precedent in Section 3.1 are satisfied or waived in accordance
with Section 8.3. 
 “Code” means the Internal Revenue Code of 1986, as amended, or any successor statute.

 “Collateral” has the meaning specified in the Security Documents. 
 “Commonly Controlled Entity” means, with respect to any Person, any other Person which is under common control with such Person within
the meaning of Section 414 of the Code. 
 “Compliance Certificate” means a compliance certificate executed by a Responsible
Officer of the Parent Borrower in substantially the form of Exhibit B. 
 “Consolidated Adjusted Rent” means for any
period of its determination, for the Parent Borrower and its Subsidiaries on a consolidated basis and without duplication, an amount equal to the product of (i) all Rental Expense for such period and (ii) eight. 
 “Consolidated EBITDA” means, for any period of its determination, for the Parent Borrower and its Subsidiaries on a consolidated basis
and without duplication, an amount equal to consolidated net income for such period plus: (a) the following to the extent deducted or excluded in calculating such consolidated net income: (i) consolidated interest expense of the Parent
Borrower and its Subsidiaries for such period; (ii) federal, state and local taxes of the Parent Borrower and its Subsidiaries (to the extent based on income, profits or capital and including franchise and similar taxes) for such period; (iii) the
depreciation, amortization and accretion of the Parent Borrower and its Subsidiaries for such period; (iv) the cumulative effect of a change in accounting principles; and (v) non-cash management incentive options compensation; minus (b) to
the extent added or included in calculating such consolidated net income, all extraordinary gains for such period related to assets sales; plus (c) to the extent deducted in calculating such consolidated net income: (i) non-recurring costs
(including restructuring costs, extraordinary costs, and transaction costs related to the Transaction) and expenses and charges resulting from equity offerings; (ii) payments pursuant to the Management Services Agreement (as in effect on the date
hereof); (iii) pro forma costs savings not to exceed $1,000,000 on an annualized basis relating to consulting arrangements actually terminated in connection with the Susser Acquisition; (iii) the Circle K Royalties actually paid; (iv) termination
payments payable in connection with the termination of Circle K Royalties; and (v) rent expense as determined in accordance with generally accepted accounting principles not actually paid in cash during such period; minus (d) additional
marketing expenses related to the Circle K re-branding, not to exceed $800,000 on an annualized basis, to the extent not already including in calculating net income. 
  

 4 

 “Consolidated EBITDAR” means, for any period of its determination, for the Parent
Borrower and its Subsidiaries on a consolidated basis, (a) Consolidated EBITDA of the Parent Borrower and its Subsidiaries for such period plus (b) all Rental Expense of the Parent Borrower and its Subsidiaries for such period. 
 “Consolidated Fixed Charge Coverage Ratio” means, for any period of its determination, for the Parent Borrower and its Subsidiaries on a
consolidated basis and without duplication, the ratio of (a) Consolidated EBITDAR for the Parent Borrower and its Subsidiaries for the period of the four fiscal quarters most recently ended, minus (i) cash taxes paid by the Parent Borrower
and its Subsidiaries during such period, minus (ii) Restricted Payments made by the Parent Borrower and its Subsidiaries during such period (other than Restricted Payments made (i) to the Parent Borrower or any wholly owned Subsidiary of the
Parent Borrower that is a Borrower or a Guarantor or (ii) in common equity interests of the maker of such payment) to (b) the sum of (i) the consolidated Rental Expense of the Parent Borrower and its Subsidiaries for such period plus (ii)
cash interest paid by the Parent Borrower and its Subsidiaries during such period net of interest income of the Parent Borrower and its Subsidiaries for such period plus (iii) the principal payments made on long term Debt of the Parent
Borrower and its Subsidiaries for the preceding four fiscal quarters (other than payments specifically excluded by the following sentence). For purposes of this definition, the principal payments made on long term Debt of the Parent Borrower and its
Subsidiaries shall be deemed to exclude any such payments (y) resulting from the refinancing of such Debt or (z) made in connection with the sale of assets securing such Debt, in each case in an amount not to exceed the principal amount of such Debt
refinanced (excluding any increases thereof) or repaid with such proceeds, as applicable. 
 “Consolidated Net Debt” means,
as of any date of determination, for the Parent Borrower and its Subsidiaries on a consolidated basis and without duplication, (a) the consolidated Funded Debt of the Parent Borrower and its Subsidiaries as of such date minus (b) the sum of
(i) cash held by the Parent Borrower and its Subsidiaries as of such date (excluding restricted cash) and (ii) the aggregate amount of Permitted Investments pursuant to sections (iii)-(vi) of the definition of “Permitted
Investments” held by the Parent Borrower and its Subsidiaries as of such date. 
 “Consolidated Rent Adjusted Leverage
Ratio” means, as of any date of determination, for the Parent Borrower and its Subsidiaries on a consolidated basis, the ratio of (a) the sum of (i) Consolidated Net Debt as of such date and (ii) Consolidated Adjusted Rent for the four
fiscal quarters then most recently ended to (b) Consolidated EBITDAR for the four fiscal quarters then most recently ended. 
 “Continuation/Conversion Request” means a Continuation/Conversion Request in substantially the form of Exhibit D executed by a Responsible Officer of the applicable Borrower and delivered to the Administrative Agent.

 “Credit Documents” means this Agreement, the Revolving Loan Notes, the Swing Line Note, the AutoBorrow Agreement, the
Letter of Credit Documents, the Guaranties, the Security Documents, any Hedge Agreement, any Treasury Management Agreement, and each other agreement, instrument, or document executed by a Credit Party and delivered to the Administrative Agent at any
time in connection with this Agreement. 
  

 5 

 “Credit Obligations” means all principal, interest, fees, reimbursements,
indemnifications, and other amounts now or hereafter owed by any Credit Party to the Administrative Agent, any Bank, or any Affiliate of any Bank under this Agreement, the Revolving Loan Notes, the Swing Line Note, the Letter of Credit Documents,
and the other Credit Documents, and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations. 
 “Credit Parties” means collectively, the Parent Borrower, the Subsidiary Borrower and each Guarantor. 
 “Debt” means, with respect to any Person, without duplication, (a) indebtedness of such Person for borrowed money, (b) obligations of
such Person evidenced by bonds, debentures, notes, or other similar instruments, (c) obligations of such Person to pay the deferred purchase price of property or services (other than trade debt and normal operating liabilities incurred in the
ordinary course of business, in each case, to the extent the same are not more than 90 days past due unless being contested in good faith and for which adequate reserves have been established and reported in accordance with generally accepted
accounting principals), (d) obligations of such Person as lessee under Capital Leases, (e) obligations of such Person under or relating to letters of credit, guaranties, purchase agreements, or other creditor assurances, in each case, assuring a
creditor against loss in respect of indebtedness or obligations of others of the kinds referred to in clauses (a) through (d) of this definition, and (f) nonrecourse indebtedness or obligations of others of the kinds referred to in clauses (a)
through (e) of this definition secured by any Lien on or in respect of any property of such Person. For the purposes of determining the amount of any Debt, the amount of any Debt described in clause (e) of the definition of Debt shall be valued at
the maximum amount of the contingent liability thereunder for which the applicable Person could be liable, the amount of any Debt described in clause (f) that is not covered by clause (e) shall be valued at the lesser of (i) the amount of the Debt
secured and (ii) the book value of the property securing such Debt. 
 “Default” means any event or condition which with
notice or lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Default Rate” means, with
respect to any amount due hereunder, a per annum interest rate equal to (a) if such amount is either outstanding principal accruing interest based upon a rate established elsewhere in this Agreement or accrued but unpaid interest thereon, the sum of
(i) the interest rate established elsewhere in this Agreement from time to time for such principal amount, including any Applicable Margin, plus (ii) 2.00% per annum or (b) in all other cases, the Base Rate in effect from time to time plus the
Applicable Margin for the Prime Rate Tranche in effect from time to time plus 2.00% per annum. 
 “Dollars or $” means
lawful money of the United States of America. 
 “Eligible Accounts” means, with respect to any Person, the accounts
receivable of such Person which are reflected on the balance sheet of such Person as of the date of determination in accordance with generally accepted accounting principles, excluding, however: 
  

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 (a) accounts receivable in which the Administrative Agent does not have a first priority perfected
security interest, accounts receivable from government agencies (including accounts receivable governed by the Federal Assignment of Claims Act) other than accounts receivable arising from the sale of fuel to school districts, counties and
municipalities in Texas or regional transportation authorities in Texas in an aggregate amount not to exceed $750,000 at any time, and accounts receivable which are not “accounts” as such term is defined in the New York Uniform Commercial
Code (including those represented by any promissory note, trade acceptance, chattel paper, draft, or other instrument); 
 (b) accounts
receivable which did not arise from an enforceable order or contract for the absolute and final sale of the inventory or services of the Person or accounts receivable for which the sales or services have not been fully performed in the ordinary
course of business of the Person; 
 (c) accounts receivable which are older than 90 days after the date of the invoice that generated such
account receivable; 
 (d) accounts receivable which are subject to any contest or offset or which have been disputed; 
 (e) accounts receivable which were not generated in an arm’s length transaction or accounts receivable from any Affiliate of the Person; 

(f) accounts receivable generated from any credit card transaction; 
 (g) accounts receivable from a foreign Person which are not supported by a letter of credit approved by the Administrative Agent; 
 (h) accounts receivable from any Person 50% or more of whose then-existing accounts owing to any Credit Party do not meet the requirements for eligibility set forth herein; and 
 (i) accounts receivable which are otherwise unacceptable as collateral as reasonably determined by the Administrative Agent, such determination to be
made in good faith and on a basis consistent with the basis applied by the Administrative Agent for similarly-situated borrowers. 
 “Eligible Assignee” means, with respect to any assignment hereunder at the time of such assignment, (a) any Bank, (b) any Affiliate of any Bank, and (c) any commercial bank organized under the laws of the United States or
any of the countries parties to the Organization for Economic Cooperation and Development or any political subdivision of any thereof which has primary capital (or its equivalent) of not less than $250,000,000 which is (in the case of this clause
(c) only) approved by the Administrative Agent, and, so long as no Event of Default exists, the Borrowers, in either case, such approval not to be unreasonably withheld. 
  

 7 

 “Eligible Inventory” means, with respect to any Person and as of any date of
determination, the inventory of such Person which is reflected on the balance sheet of such Person as of such date in accordance with generally accepted accounting principles, excluding, however: 
 (a) inventory in which the Administrative Agent does not have a first priority perfected security interest; 
 (b) inventory of such Person out on consignment, inventory held by such Person on consignment, and inventory which is not “inventory” as such
term is defined in the New York Uniform Commercial Code; 
 (c) inventory of such Person consisting of motor fuels; 
 (d) inventory purchased from an Affiliate of the Person other than in accordance with Section 5.11; and 
 (e) inventory which is otherwise unacceptable as collateral as reasonably determined by the Administrative Agent, such determination to be made in good
faith and on a basis consistent with the basis applied by the Administrative Agent for similarly-situated borrowers. 
 “Eligible
Real Property” means, with respect to any Person and as of any date of its determination, the real property owned by such Person on which such Person owns and operates a convenience store, including the improvements constructed thereon,
provided that such property is subject to no Liens, other than Permitted Liens, and is reasonably satisfactory to the Agents. 
 “Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or
governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public
systems. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages,
costs of environmental remediation, fines, penalties or indemnities), of any Restricted Entity or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other written consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity Contribution” means the contribution directly or indirectly by the Equity Investors of an amount of cash to the common equity of the Parent Guarantor, and the reinvestment thereof to the common equity of the Parent
Borrower, in an amount which, together with rollover equity contributed by Sam L. Susser and other management investors reasonably satisfactory to the Agents, equals not less than $127,000,000. 
  

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 “Equity Investors” means Wellspring and certain of its Affiliates. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with any Restricted Entity within the
meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
 “ERISA Event” means (a) a Reportable Event with respect to a pension Plan; (b) a withdrawal by any Restricted Entity or any ERISA Affiliate from a pension Plan subject to Section 4063 of ERISA during
a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Restricted
Entity or any ERISA Affiliate from a multiemployer Plan or notification that a multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or
4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a pension Plan or multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee
to administer, any pension Plan or multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate.

 “Event of Default” has the meaning specified in Section 6.1. 
 “Excluded Matter” means any one or more of the following: (a) the effect of any change in economies or securities or financial markets
in general in the United States or elsewhere, (b) the effect of any change that generally affects any industry in which the Parent Borrower or any of its Subsidiaries operates, (c) the effect of any action taken by the Parent Guarantor or its
Affiliates with respect to the transactions contemplated by the Acquisition Agreement or with respect to the Parent Borrower or its Subsidiaries at or prior to the Effective Time (as defined in the Acquisition Agreement), (d) the effect of any
changes in applicable Laws (as defined in the Acquisition Agreement) or accounting rules, or (e) any effect resulting from the public announcement of the Acquisition Agreement or the consummation of the transactions or permitted by the Acquisition
Agreement, other than, in the case of the immediately preceding clauses (a) and (b), any such changes which have a materially disproportionate effect on the Parent Borrower and its Subsidiaries (taken as a whole) relative to the effect on other
Persons operating in the same industry as the Parent Borrower and its Subsidiaries. 
 “Existing Credit Agreement” means the
Credit Agreement dated as of March 28, 2002 among the Subsidiary Borrower, the financial institutions named therein, as banks, and Bank of America, N.A., as agent for the banks. 
  

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 “Existing Letters of Credit” mean the letters of credit issued under the Existing Credit
Agreement and set forth on Schedule II. 
 “Federal Funds Rate” means, for any period, a fluctuating per annum
interest rate equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day
is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for any such day on such transactions
received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Federal Reserve
Board” means the Board of Governors of the Federal Reserve System or any of its successors. 
 “Funded Debt” means,
with respect to any Person, the sum of the Debt of such Person plus (to the extent not already constituting Debt) the Letter of Credit Exposure, exclusive of amounts attributable to the aggregate undrawn amounts of Letters of Credit. 
 “Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government
(including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guaranty” means, with
respect to each Guarantor, the Guaranty dated as of December 21, 2005, made by such Guarantor in favor of the Administrative Agent for the ratable benefit of the Banks guaranteeing the Credit Obligations, and “Guaranties” means the
foregoing collectively. 
 “Guarantors” means, collectively, the Parent Guarantor, all Subsidiaries of the Parent Borrower
(other than the Subsidiary Borrower) delivering a Guaranty as of the date hereof, and all Subsidiaries of the Borrowers required to execute a Guaranty under Section 5.20 in the future, excluding, for avoidance of doubt, Susser Company Ltd.

 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law. 
 “Hedge Agreement” means any agreement between any Credit Party and any Bank or any
Affiliate of any Bank now existing or hereafter entered into, which provides for an interest rate or commodity swap, cap, floor, collar, forward foreign exchange transaction, currency swap, cross-currency rate swap, currency option, or any
combination of, or option with respect to, these or similar transactions, for the purpose of hedging such Credit Party’s exposure to fluctuations in interest rates, currency valuations or commodity prices. 
  

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 “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time
or from time to time may be contracted for, charged, or received under the laws applicable to the relevant Bank which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which
allow a higher maximum nonusurious interest rate than applicable laws now allow. 
 “Initial Revolving Loan Borrowing” means
the Revolving Loan Borrowing requested by the applicable Borrower and funded on the date of this Agreement in a principal amount not to exceed $12,000,000 (exclusive of any Existing Letters of Credit). 
 “Interest Period” means, with respect to each LIBOR Tranche, the period commencing on the date of such LIBOR Tranche and ending on the
last day of the period selected by the applicable Borrower pursuant to the provisions below. The duration of each such Interest Period shall be one, two, three, or six months, in each case as the applicable Borrower may select in the applicable
Revolving Loan Borrowing Request or Continuation/Conversion Request (unless there shall exist any Default or Event of Default, in which case the applicable Borrower may only select one month Interest Periods); provided, however, that: 
 (a) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be
extended to occur on the next succeeding Business Day; provided that if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next
preceding Business Day; 
 (b) any Interest Period which begins on the last Business Day of the calendar month (or on a day for which there
is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month in which it would have ended if there were a numerically corresponding day in such calendar month;
and 
 (c) no Borrower may select an Interest Period for any LIBOR Tranche which ends after the Revolving Loan Maturity Date. 
 “Issuing Bank” means Bank of America and any successor issuing bank pursuant to Section 7.7. 
 “ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 
 “Joint Lead Arrangers” means Banc of America Securities LLC and Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, in their respective capacities as joint lead arrangers and joint book managers
hereunder. 
  

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 “Letter of Credit” means any standby or commercial letter of credit issued by the
Issuing Bank for the account of the applicable Borrower pursuant to the terms of this Agreement, and shall include the Existing Letters of Credit. 
 “Letter of Credit Advance” means, with respect to each Bank, such Bank’s funding of its participation in any Letter of Credit Borrowing in accordance with its ratable share of the Letter of Credit Exposure. 

“Letter of Credit Application” means the Issuing Bank’s standard form letter of credit application for a standby letter of
credit which has been executed by a Borrower and accepted by the Issuing Bank in connection with the issuance of a Letter of Credit. 
 “Letter of Credit Application Amendment” means the Issuing Bank’s standard form application to amend a letter of credit for a standby letter of credit which has been executed by a Borrower and accepted by the Issuing
Bank in connection with the increase or extension of a Letter of Credit. 
 “Letter of Credit Borrowing” means an extension
of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Loan Borrowing. 
 “Letter of Credit Collateral Account” means a special cash collateral account pledged to the Administrative Agent containing cash deposited pursuant to Sections 2.3(d) or 6.4 to be
maintained with the Administrative Agent in accordance with Section 2.3(g). 
 “Letter of Credit Documents” means all
Letters of Credit, Letter of Credit Applications, Letter of Credit Application Amendments, and agreements, documents, and instruments entered into in connection with or relating thereto. 
 “Letter of Credit Exposure” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all Letter of Credit Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be
determined in accordance with Section 1.6. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of
the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 
 “Letter of Credit Sublimit” means $10,000,000. 
 “LIBOR” means, for any Interest Period with
respect to a LIBOR Tranche, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the
Administrative Agent from time to time) at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest 

  

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Period. If such rate is not available at such time for any reason, then the “LIBOR Rate” for such Interest Period shall be the rate per annum
determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the LIBOR Tranche being made, continued or converted by Bank of
America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two Business Days
prior to the commencement of such Interest Period. 
 “LIBOR Tranche” shall mean any Tranche which bears interest based upon
the LIBOR, as determined in accordance with Section 2.5. 
 “Lien” means any mortgage, lien, pledge, charge, deed of
trust, security interest, encumbrance, or other type of preferential arrangement to secure or provide for the payment of any obligation of any Person, whether arising by contract, operation of law, or otherwise (including any title retention for
such purposes under any conditional sale agreement, any Capital Lease, or any other title transfer or retention agreement). 
 “Majority Banks” means, at any time, Banks holding more than 50% of the then aggregate unpaid principal amount of the Revolving Loan Notes held by the Banks and the Letter of Credit Exposure of the Banks at such time;
provided that if no such principal amount or Letter of Credit Exposure is then outstanding, “Majority Banks” shall mean Banks having more than 50% of the aggregate amount of the Revolving Loan Commitments at such time. 
 “Management Services Agreement” means the Management Services Agreement dated as of December 21, 2005 among Wellspring Capital
Management LLC, Sam L. Susser and the Parent Borrower. 
 “Material Adverse Effect” means any change, occurrence or
development that is or would be materially adverse to (i) the business, assets, liabilities (actual or contingent), operations, properties, results of operations or condition (financial or otherwise) of the Parent Borrower and its Subsidiaries
(taken as a whole) or (ii) solely as such term is used in Section 3.1 hereof, the ability of the Parent Borrower to consummate the transactions contemplated by the Acquisition Agreement, other than, in the case of clause (ii), such an effect
resulting from an Excluded Matter. 
 “Moody’s” means Moody’s Investor Services Inc. 
 “Parent Borrower” means Susser Holdings, L.L.C., a Delaware limited liability company. 
 “Parent Guarantor” means Stripes Holdings LLC, a Delaware limited liability company. 
 “PBGC” means the Pension Benefit Guaranty Corporation. 
 “Permitted Debt” means all of the following Debt: 
 (a) Debt outstanding under the Credit
Documents; 
  

 13 

 (b) Debt in the form of the Senior Notes or the Bridge Loans and any extensions, renewals, or
replacements of the foregoing which do not increase the outstanding principal amount thereof at the time of such extension, renewal, or replacement; 
 (c) Debt in existence at closing as set forth in Schedule 5.8 hereto and any extensions, renewals, or replacements of the foregoing which do not increase the outstanding principal amount thereof at the time of
such extension, renewal, or replacement; 
 (d) Debt in the form of borrowed money which does not have any stated maturity before the date
which is 90 days after the Maturity Date; 
 (e) Subordinated Intercompany Debt; 
 (f) other Debt in the form of borrowed money in an aggregate principal amount not to exceed $5,000,000; 
 (g) unsecured Debt in respect of performance, surety or appeal bonds provided in the ordinary course of business, but excluding (in each case) incurred
through the borrowing of money or contingent liabilities in respect thereof; 
 (h) Debt of a Person existing at the time such Person became
a Subsidiary of the Parent Borrower or that is assumed pursuant to an acquisition of assets permitted by this Agreement by the acquirer of such assets, but only if such Debt was not created or incurred in contemplation of such Person becoming a
Subsidiary or such permitted acquisition and the aggregate outstanding amount of all Debt existing pursuant to this clause does not exceed $1,000,000 at any time; and 
 (i) guaranties by any Credit Parties of Debt of customers of any C&G Entity for check cashing and short term lending products in the ordinary course of business consistent with past practices in an aggregate
outstanding amount not to exceed $4,000,000 at any time; 
 provided that, in the case of any Debt referred to in clause (d) above that exceeds
$15,000,000 in the aggregate, the Parent Borrower shall have delivered the Compliance Certificate required by Section 5.2(l) prior to the incurrence of such Debt. 
 “Permitted Dispositions” means all the following dispositions: (i) sales of inventory, real property or non-operating assets in the ordinary course of business, (ii) sales of obsolete assets, and
(iii) sales pursuant to any sale-leaseback transaction, provided that, (a) in the case of any sale-leaseback transaction (or series of related transactions) the Parent Borrower shall have delivered the Compliance Certificate, if any, required by
Section 5.5 prior to the effective date of such transaction and (b) in the case of any sale of Eligible Real Property, the Borrowers shall have delivered to the Administrative Agent a completed Borrowing Base Certificate, duly certified by a
Responsible Officer of the Parent Borrower on the effective date of such sale, giving effect to the disposition of such Eligible Real Property demonstrating that no prepayment is due under Section 2.1(c)(ii) in connection with such sale
(unless made concurrently). 
  

 14 

 “Permitted Investments” means all of the following: (i) investments in and loans to the
Credit Parties, (ii) investments in the form of extensions of trade credit in the ordinary course of business, (iii) investments in direct obligations of the United States, or investments in any entity or obligations of any entity which are
guaranteed by the full faith and credit of the United States, in either case maturing in twelve months or less from the date of acquisition thereof, (iv) investments in commercial paper and bankers’ acceptances maturing in twelve months or less
from the date of issuance and which, at the time of acquisition are accorded the highest rating by S&P or Moody’s, (v) investments in time deposits, certificates of deposit, or Eurodollar certificates of deposit maturing in twelve months or
less from the date such investment is made, issued by a bank or trust company organized under the laws of the United States or any state thereof having capital, surplus, and undivided profits aggregating at least $500,000,000 or a foreign branch
thereof and whose long-term certificates of deposit are, at the time of acquisition thereof, rated A by S&P or by Moody’s, (vi) investments in money market funds which invest solely in the types of investments described in paragraphs (iii)
through (v) above, (vii) advances to the Borrowers’ directors, officers, and employees in the ordinary course of business, in an aggregate outstanding amount not to exceed $500,000, (viii) other investments to which the Administrative Agent has
consented in writing, (ix) guaranties for and on behalf of Credit Parties, (x) investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case
in the ordinary course of business, (xi) investments permitted as Capital Expenditures pursuant to Section 5.7, (xii) investments by way of the acquisition of capital securities permitted pursuant to Section 5.10, (xiii) investments
consisting of any deferred portion of the sales price received by any Borrower or any Subsidiary in connection with any disposition permitted by this Agreement, (xiv) investments in Susser Company, Ltd. that are existing as of the date of this
Agreement and additional investments made in Susser Company, Ltd. after the date of this Agreement in an aggregate amount not to exceed $250,000, (xv) investments by C&G Investments LLC in any Cash and Go Entity that are existing as of the date
of this Agreement and additional investments by C&G Investments, LLC in each Cash and Go Entity consisting of repurchasing the remaining equity interests of each Cash and Go Entity provided that, after such repurchase, each Cash and Go Entity
complies with the requirements of Section 5.19 and (xvi) other investments (including Acquisitions, dealer joint ventures, and new store developments) that are in the same or a similar or complimentary line of business as the Borrowers or the
Guarantors, provided that neither the Parent Guarantor nor any of its Subsidiaries may enter into any such other investments if after giving effect to thereto any Default or Event of Default would exist. 
 “Permitted Liens” means all of the following Liens: 
 (a) Liens securing the Credit Obligations; 
 (b) Liens, other than Liens on Collateral or Eligible Real
Property, securing Permitted Debt permitted under clauses (d), (f) and (h) thereof; 
 (c) Existing Liens described on Schedule 5.9(a)
provided that no such Lien is spread to cover any additional property or indebtedness; 
  

 15 

 (d) Liens arising in the ordinary course of business which are not incurred in connection with the
borrowing of money, the obtaining of advances or credit, or payment of legal judgments and which do not materially detract from the value of such Person’s assets or materially interfere with such Person’s business, including such (i) Liens
for taxes, assessments, or other governmental charges or levies; (ii) Liens in connection with worker’s compensation, unemployment insurance, or other social security, old age pension, or public liability obligations; (iii) Liens in the form of
legal or equitable encumbrances deemed to exist by reason of negative pledge covenants and other covenants or undertakings of like nature; (iv) Liens on property other than Eligible Real Property in the form of vendors’, carriers’,
warehousemen’s, repairmen’s, mechanics’, workmen’s, materialmen’s, construction, or other like Liens arising by operation of law in the ordinary course of business; (v) Liens on Eligible Real Property in the form of
vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’, workmen’s, materialmen’s, construction, or other like Liens arising by operation of law in the ordinary course of business for obligations that are not
yet due and payable, in each case, which do not materially impair the use of such property in the operation of the business of such Person or the value of such property; 
 (e) Landlords’ Liens listed on Schedule 5.9(b) or to which the Administrative Agent consents in writing; 
 (f) Liens on equipment of such Person, arising in the ordinary course of business, granted by such Person to secure a third party’s debt in order for such Person to obtain a fuel supply agreement,
provided, that no such Lien is spread to cover any additional property or indebtedness; 
 (g) Liens on inventory securing purchase
money debt permitted under clause (d) or (f) of Permitted Debt, provided that each such Lien secures only the purchase money debt incurred in connection with the acquisition of such inventory and each such Lien encumbers only the inventory purchased
in connection with the incurrence of such purchase money debt; 
 (h) Liens securing indebtedness permitted by (h) of Permitted Debt;
provided, that such Liens existed prior to the relevant Person becoming a Subsidiary or the relevant assets being acquired (as the case may be), were not created in anticipation thereof and attach only to the assets being acquired or to specific
tangible assets of such Person (and not to assets generally); 
 (i) Pledges or deposits made in the ordinary course of business in
connection with worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits (other than Liens under ERISA), or to secure performance of surety and appeal bonds or performance bonds entered into in the
ordinary course of business or tenders, statutory obligations, bids, leases or other similar obligations (other than for borrowed money) entered into in the ordinary course of business; 
 (j) judgment Liens in existence for less than 30 days after the entry thereof or with respect to which execution has been stayed or the payment of which
is covered in full (subject to a customary deductible) by insurance maintained with responsible insurance companies and which do not otherwise result in an Event of Default under Section 6.1; and 
  

 16 

 (o) other liens on property (other than Eligible Real Property) of the Parent Guarantor, the Parent
Borrower or any of their respective Subsidiaries, provided that the fair market value of the property encumbered by Liens described in this clause (o), and the indebtedness and other obligations secured thereby, does not exceed $1,000,000.

 “Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust,
unincorporated association, joint venture, or other entity, or a government or any political subdivision or agency thereof, or any trustee, receiver, custodian, or similar official. 
 “Plan” means any (a) employee medical benefit plan under Section 3(1) of ERISA, (b) employee pension benefit plan under Section 3(2) of
ERISA, (c) multiemployer plan under Section 4001(a)(3) of ERISA, and (d) employee account benefit plan under Section 3(2) of ERISA. 
 “Prime Rate” means, for any day, the fluctuating per annum interest rate in effect on such day equal to the rate of interest publicly announced by the Administrative Agent as its prime rate, whether or not a Borrower has
notice thereof. 
 “Prime Rate Borrowing” shall mean that portion of any Revolving Loan Borrowing which bears interest based
upon the Base Rate as determined in accordance with Section 2.5. 
 “Prime Rate Tranche” shall mean the Tranche which
bears interest based upon the Base Rate, as determined in accordance with Section 2.5. 
 “Prohibited Transaction”
means any transaction set forth in Section 406 of ERISA or Section 4975 of the Code. 
 “ratable share” or “pro rata
share” means, with respect to any Bank and as of any date of its determination, either (a) the ratio of such Bank’s Revolving Loan Commitment at such time to the aggregate Revolving Loan Commitments at such time or (b) if the Revolving
Loan Commitments have been terminated, the ratio of such Bank’s aggregate outstanding Revolving Loan Advances and share of the Letter of Credit Exposure at such time to the aggregate outstanding Revolving Loan Advances and Letter of Credit
Exposure at such time. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the
partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Rental
Expense” means, for any period of its determination, all amounts actually paid by the Parent Borrower and its Subsidiaries during such period under any lease or other instrument (other than a Capital Lease) pursuant to which the Parent
Borrower or any of its Subsidiaries is entitled to use any property or assets (whether real, personal, or mixed) of another Person. 
 “Reportable Event” means any of the events set forth in Section 4043 of ERISA. 
  

 17 

 “Responsible Officer” means, with respect to any Person, such Person’s Chief
Executive Officer, President, Executive Vice President, Chief Financial Officer, Chief Accounting Officer, any Vice President or any other officer of such Person designated by any of the foregoing in writing from time to time. 
 “Restricted Entities” means the Parent Borrower, the Subsidiary Borrower, the Guarantors, and each Subsidiary of the Parent Borrower
(other than Susser Company, Ltd.). 
 “Restricted Payment” means the declaration or making by any Person of any (a)
dividends or partnership distribution; (b) purchase, redemption, retirement, or other acquisition for value of any of its capital stock or partnership interests, as applicable, now or hereafter outstanding, or any distribution of assets to its
stockholders as such or its partners as such, whether in cash, assets, or in obligations of such Person; (c) allocation or other setting apart of any sum for any of the foregoing purposes; or (d) making of any other distribution by reduction of
capital or otherwise in respect of any shares of its capital stock or partnership interests; in each case, other than any such dividends, distributions, and payments payable in such Person’s common stock. 
 “Revolving Loan” means the aggregate outstanding principal amount of the Revolving Loan Borrowings. 
 “Revolving Loan Advance” means the outstanding principal from a Bank which represents such Bank’s ratable share of a Revolving Loan
Borrowing. 
 “Revolving Loan Borrowing” means any aggregate amount of principal advanced on the same day and pursuant to
the same Revolving Loan Borrowing Request under the revolving loan facility created in Section 2.1. 
 “Revolving Loan
Borrowing Base” means the sum of (a) 85% of the difference of (i) the value of the Credit Parties’ Eligible Accounts minus (ii) the aggregate unpaid amount of any state fuel excise taxes payable by the Credit Parties,
plus (b) the lesser of (i) 50% of the value of the Credit Parties’ Eligible Inventory and (ii) an amount equal to 50% of the Credit Parties’ Eligible Accounts, plus (c) the lesser of (i) 66% of the fair market value (such
fair market value determined by a method consistent with the method utilized to determine the fair market value of the properties included in the Sale-Leaseback) of the Credit Parties’ Eligible Real Property, (ii) 50% of the total Revolving
Loan Commitments then in effect, and (iii) the sum of the amounts determined pursuant to clauses (a) and (b) of this definition, minus (d) such reserves as the Agents may establish from time to time in their reasonable credit judgment acting
in good faith. Upon receipt of each Borrowing Base Certificate, the Revolving Loan Borrowing Base reflected therein shall be in effect until receipt of the next Borrowing Base Certificate. 
 “Revolving Loan Borrowing Request” means a Revolving Loan Borrowing Request in substantially the form of Exhibit C executed by a
Responsible Officer of the applicable Borrower and delivered to the Administrative Agent. 
  

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 “Revolving Loan Commitment” means, for any Bank, the amount set forth below such
Bank’s name on the signature pages of this Agreement as its Revolving Loan Commitment, or if such Bank has entered into any Assignment and Acceptance since the date of this Agreement, as set forth for such Bank as its Revolving Loan Commitment
in the Register maintained by the Administrative Agent pursuant to Section 8.5(c), in each case as such amount may be terminated pursuant to Section 6.2, or increased pursuant to Section 2.13. 
 “Revolving Loan Maturity Date” means the earlier of (a) December 20, 2010 and (b) the date of termination in whole of all of the
commitments of the Administrative Agent and the Banks hereunder pursuant to Section 6.2. 
 “Revolving Loan Note”
means a promissory note of a Borrower payable to the order of a Bank, in substantially the form of Exhibit E, evidencing the indebtedness of such Borrower to such Bank resulting from Revolving Loan Advances made by such Bank to such Borrower.

 “S&P” means Standard & Poor’s Ratings Service, a division of the McGraw-Hill Companies, Inc. 
 “Sale-Leaseback” means the sale of and leaseback by the Subsidiary Borrower of certain properties of the Subsidiary Borrower on terms
and conditions that are consistent with the Letter dated as of October 7, 2005 between Commercial Net Lease Realty, Inc. and Banc of America Securities LLC and accepted by the Subsidiary Borrower as of October 11, 2005 relating to the sale-leaseback
of certain properties of the Subsidiary Borrower. 
 “Security Agreement” means the Security Agreement dated as of December
21, 2005, made by the Credit Parties in favor of the Administrative Agent for the ratable benefit of the Banks granting the Administrative Agent a first priority security interest in the Credit Parties’ accounts receivables, inventory and
equity interests in Subsidiaries to secure the Credit Obligations. 
 “Security Documents” means the Security Agreement and
any other documents creating or consenting to Liens in favor of the Administrative Agent securing the Credit Obligations. 
 “Senior
Notes” means the $170,000,000 aggregate principal amount of the Parent Borrower’s and Susser Finance Corporation’s 10 5/8% senior unsecured notes due 2013 issued pursuant to the Indenture dated as of December 21, 2005 among
Stripes Acquisition LLC (to be merged with and into Susser Holdings, L.L.C.) and Susser Finance Corporation, as Issuers, the guarantors party thereto and The Bank of New York, as Trustee. 
 “Solvent” means with respect to any Person, as of any date of determination, (a) the amount of the “present fair saleable
value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and
state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will, as of such date, be greater than the amount that will be required to pay the probable liability of such Person
on its debts as such debts become absolute and matured, 

  

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(c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able
to pay its debts as they mature. For purposes of this definition, (i) ”debt” means liability on a “claim”, and (ii) ”claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such
right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured. 
 “SSP Financial Statements” means the annual audited consolidated financial statements of the Subsidiary Borrower and its Subsidiaries for the fiscal year ended December 31, 2004, including the consolidated balance sheets of
the Subsidiary Borrower and its Subsidiaries as of the end of such fiscal year and the consolidated statements of income and cash flows for such fiscal year. 
 “SSP Interim Financial Statements” means the unaudited consolidated financial statements of the Subsidiary Borrower and its Subsidiaries dated as of October 2, 2005, including the consolidated balance
sheets of the Subsidiary Borrower and its Subsidiaries as of the end of such fiscal quarter and the consolidated statements of income and cash flows for such fiscal quarter. 
 “Subordinated Intercompany Debt” means Debt of any Credit Party owing to any other Credit Party that is subordinated in right of payment
and otherwise to the Revolving Loan and the other Credit Obligations in a manner satisfactory to the Administrative Agent. 
 “Subsidiary” means, with respect to any Person, any other Person, a majority of whose outstanding Voting Securities (other than directors’ qualifying shares) shall at any time be owned by such Person or one or more
Subsidiaries of such person. 
 “Subsidiary Borrower” means SSP Partners, a Texas general partnership. 
 “Susser Acquisition” means the acquisition by the Parent Guarantor of the equity interests of the Parent Borrower pursuant to the
Acquisition Agreement. 
 “Swing Line Lender” means Bank of America. 
 “Swing Line Loan” means the aggregate outstanding principal amount of the advances made under the Swing Line Note which will be made at
the rate provided for in the AutoBorrow Agreement. 
 “Swing Line Note” means the promissory note of the Subsidiary Borrower
in the principal amount of $7,500,000 payable to the order of the Swing Line Lender evidencing the indebtedness of such Borrower to the Swing Line Lender resulting from advances to the Subsidiary Borrower under the line of credit created thereunder.

  

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 “Swing Line Sublimit” means $7,500,000. 
 “Syndication Agent” means Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as
syndication agent for the Banks. 
 “Tax Distributions” means, with respect to any Person, distributions in respect of
income tax liabilities of members of such Person (for this purpose viewing members of such Person as any other Person(s) directly owning equity interests in such Person and any other Person(s) indirectly owning such interests through disregarded
entities or partnerships for tax purposes) in an aggregate amount not to exceed the product of the taxable income, calculated in accordance with applicable law of such Person, and any of its Subsidiaries that are disregarded entities or partnerships
for tax purposes, multiplied by the highest combined federal, state and local income tax rate applicable to individuals, or corporations if higher. 
 “TCEQ” means the Texas Commission on Environmental Quality, formerly known as the Texas Natural Resource Conservation Commission. 
 “Tranche” means any tranche of principal outstanding under the Revolving Loan accruing interest on the same basis whether created in connection with new advances of principal under the Revolving Loan
pursuant to Section 2.5(a)(i) or by the continuation or conversion of existing tranches of principal under such Loan pursuant to Section 2.5(a)(ii) and shall include the Prime Rate Tranche or any LIBOR Tranche. 
 “Transaction” means, collectively, the Susser Acquisition, the Equity Contribution, the entering into and funding of the revolving
credit facility created in Section 2.1, the issuance and sale of the Senior Notes or the entering into and funding of the Bridge Loans, as applicable, the entering into and funding of the Sale-Leaseback, the refinancing of the Existing Credit
Agreement, and all related transactions. 
 “Treasury Management Agreement” means any agreement between any Credit Party and
any Bank or any Affiliate of any Bank, now existing or hereafter entered into, which provides for any treasury management services to such Credit Party. 
 “Type” has the meaning set forth in Section 1.4. 
 “Unreimbursed
Amount” has the meaning specified in Section 2.3(c)(i). 
 “Voting Securities” means (a) with respect to any
corporation, any capital stock of the corporation having general voting power under ordinary circumstances to elect directors of such corporation, (b) with respect to any partnership, any partnership interest having general voting power under
ordinary circumstances to elect the general partner or other management of the partnership, and (c) with respect to any other Person, such ownership interests in such Person having general voting power under ordinary circumstances to elect the
management of such Person, in each case irrespective of whether at the time any other class of stock, partnership interests, or other ownership interest might have special voting power or rights by reason of the happening of any contingency.

  

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 “Wellspring” means Wellspring Capital Partners III, LP and its Affiliates. 

1.2 Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including” and the words “to” and “until” each means “to but excluding.” 
 1.3 Accounting Terms; Preparation of Financials. 
 (a) All accounting terms, definitions, ratios, and
other tests described herein shall be construed in accordance with United States generally accepted accounting principles applied on a consistent basis with those applied in the preparation of the Financial Statements, except as expressly set forth
in this Agreement. 
 (b) The Credit Parties shall prepare their financial statements in accordance with United States generally accepted
accounting principles applied on a consistent basis with those applied in the preparation of the SSP Financial Statements, unless otherwise approved in writing by the Administrative Agent. 
 1.4 Types. The “Type” of a Tranche refers to the determination whether such tranche is a LIBOR Tranche or the Prime Rate Tranche.

 1.5 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Central Standard time
(daylight or standard, as applicable). 
 1.6 Letters of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Document
related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases,
whether or not such maximum stated amount is in effect at such time. 
 1.7 Interpretation. Article, Section, Schedule, and Exhibit
references are to this Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be amended, supplemented, and
otherwise modified from time to time, unless otherwise specified. The word “including” shall mean “including but not limited to.” The word “or” shall mean “and/or” wherever necessary to prevent interpretation
of any provision against the Administrative Agent or the Banks. Whenever a Borrower has an obligation under this Agreement and the Credit Documents the expense of complying with that obligation shall be an expense of the Borrowers unless otherwise
specified. Whenever any determination is to be made by the Administrative Agent or any Bank, such determination shall be in such Person’s sole discretion unless otherwise specified in this Agreement. If any provision in this Agreement and the
Credit Documents is held to be illegal, invalid, not binding, or unenforceable, such provision shall be fully severable and this Agreement and the Credit Documents shall be construed and enforced as if such illegal, invalid, not binding, or
unenforceable provision had never comprised 

  

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a part of this Agreement and the Credit Documents, and the remaining provisions shall remain in full force and effect. This Agreement and the Credit
Documents have been reviewed and negotiated by sophisticated parties with access to legal counsel and shall not be construed against the drafter. In the event of a conflict between this Agreement and any other Credit Documents, this Agreement shall
control. 
 ARTICLE II 
 CREDIT FACILITIES 
 2.1 Revolving Loan Facility. 
 (a) Revolving Loan Commitments. Each Bank severally agrees, on the terms and conditions set forth in this Agreement and for the purposes set forth
in Section 5.4, to make Revolving Loan Advances to the Borrowers as such Bank’s ratable share of Revolving Loan Borrowings requested by the Borrowers from time to time on any Business Day during the period from the date of this Agreement
until the Revolving Loan Maturity Date provided that (i) the aggregate outstanding principal amount of the Revolving Loan Advances made by such Bank plus such Bank’s ratable share of the Swing Line Loan plus such Bank’s ratable share of
the Letter of Credit Exposure shall not exceed such Bank’s Revolving Loan Commitment, and (ii) the amount of the Revolving Loan plus the Swing Line Loan plus the amount of the Letter of Credit Exposure shall not exceed the lesser of (A) the
aggregate amount of the Revolving Loan Commitments and (B) the Revolving Loan Borrowing Base. Revolving Loan Borrowings must be made in an amount equal to or greater than the applicable amounts set forth in Section 2.5. Within the limits
expressed in this Agreement, the Borrowers may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of each Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced
by Revolving Loan Notes made by such Borrower. Notwithstanding anything to the contrary in this Agreement or any other Credit Document, the aggregate principal amount of the Initial Revolving Loan Borrowing shall not exceed $12,000,000, exclusive of
any Existing Letters of Credit, and not more than $1,000,000 of the proceeds of the Initial Revolving Loan Borrowing shall be used to pay costs, fees and expenses related to the Susser Acquisition. 
 (b) Method of Advancing. 
 (i) Each
Revolving Loan Borrowing shall be made pursuant to a Revolving Loan Borrowing Request given by the applicable Borrower to the Administrative Agent in writing or by telecopy not later than the time required pursuant to Section 2.5(a)(i) to
select the interest rate basis for the Revolving Loan Borrowing. Each Revolving Loan Borrowing Request shall be fully completed and shall specify the information required therein, and shall be irrevocable and binding on the applicable Borrower. Upon
receipt of the Revolving Loan Borrowing Request by the Administrative Agent, the Administrative Agent shall promptly forward notice of the Revolving Loan Borrowing to the Banks. Each Bank shall, before 1:00 p.m. on the date of the requested
Revolving Loan Borrowing, make available from its Applicable Lending Office to the Administrative Agent at the Administrative Agent’s Applicable Lending Office, in immediately available funds, such Bank’s ratable share of such Revolving
Loan 

  

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Borrowing. Subject to the satisfaction of all applicable conditions precedent, after receipt by the Administrative Agent of such funds, the Administrative
Agent shall, by 4:00 p.m., on the date requested for such Revolving Loan Borrowing make such Revolving Loan Borrowing available to the applicable Borrower in immediately available funds at any account of the applicable Borrower which is designated
in writing by the applicable Borrower to the Administrative Agent; provided, however, that if, on the date the Revolving Loan Borrowing Notice with respect to such Revolving Loan Borrowing is given by the Borrower, there are Letter of
Credit Borrowings outstanding, then the proceeds of such Revolving Loan Borrowing, first, shall be applied to the payment in full of any such Letter of Borrowings, and second, shall be made available to the applicable Borrower as
provided above. 
 (ii) Unless the Administrative Agent shall have received notice from a Bank before the date of any Revolving Loan
Borrowing that such Bank shall not make available to the Administrative Agent such Bank’s ratable share of such Revolving Loan Borrowing, the Administrative Agent may assume that such Bank has made its ratable share of such Revolving Loan
Borrowing available to the Administrative Agent on the date of such Revolving Loan Borrowing in accordance with paragraph (i) above and the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower on such
date a corresponding amount. If and to the extent that such Bank shall not have so made its ratable share of such Revolving Loan Borrowing available to the Administrative Agent, such Bank agrees that it shall pay interest on such amount for each day
from the date such amount is made available to the applicable Borrower by the Administrative Agent until the date such amount is paid to the Administrative Agent by such Bank at the Federal Funds Rate in effect from time to time, provided that with
respect to such Bank if such amount is not paid by such Bank by the end of the second day after the Administrative Agent makes such amount available to the applicable Borrower, the interest rates specified above shall be increased by a per annum
amount equal to 2.00% on the third day and shall remain at such increased rate thereafter. Interest on such amount shall be due and payable by such Bank upon demand by the Administrative Agent. If such Bank shall pay to the Administrative Agent such
amount and interest as provided above, such amount so paid shall constitute such Bank’s Revolving Loan Advance as part of such Revolving Loan Borrowing for all purposes of this Agreement even though not made on the same day as the other
Revolving Loan Advances comprising such Revolving Loan Borrowing. In the event that such Bank has not repaid such amount by the end of the fifth day after such amount was made available to the applicable Borrower, such Borrower agrees to repay to
the Administrative Agent on demand such amount, together with interest on such amount for each day from the date such amount was made available to such Borrower until the date such amount is repaid to the Administrative Agent at the interest rate
charged to such Borrower for such Revolving Loan Borrowing under the terms of this Agreement. 
 (iii) The failure of any Bank to make
available its ratable share of any Revolving Loan Borrowing shall not relieve any other Bank of its obligation, if any, to make available its ratable share of such Revolving Loan Borrowing. No Bank shall be responsible for the failure of any other
Bank to honor such other Bank’s obligations hereunder, including any failure to make available any funds as part of any Revolving Loan Borrowing. 
  

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 (c) Prepayment. 
 (i) Each Borrower may prepay the outstanding principal amount of the Revolving Loan pursuant to written notice given by a Borrower to the Administrative Agent in writing or by telecopy not later than (A) 1:00 p.m. on
the third Business Day before the date of the proposed prepayment, in the case of the prepayment of any portion of the Revolving Loan which is comprised of LIBOR Tranches, or (B) 12 noon on the same Business Day of the proposed prepayment, in the
case of the prepayment of any portion of the Revolving Loan comprised solely of the Prime Rate Tranche. Each such notice shall specify the principal amount and Tranche or Tranches of the Revolving Loan which shall be prepaid, the date of the
prepayment, and shall be irrevocable and binding on the Borrowers. Prepayments of the Revolving Loan shall be made in integral multiples of $100,000 in the case of prepayments of any LIBOR Tranches, and in integral multiples of $25,000 in the case
of prepayments of the Prime Rate Tranche. If the prepayment would cause the aggregate outstanding principal amount of any LIBOR Tranche comprising all or any part of the Revolving Loan or the aggregate outstanding principal amount of the Prime Rate
Tranche comprising all or any part of the Revolving Loan, to be less than $1,000,000, in the case of any such LIBOR Tranche, or $100,000, in the case of the Prime Rate Tranche, the prepayment must be in an amount equal to the entire outstanding
principal amount of such LIBOR Tranche under the Revolving Loan or the entire outstanding principal amount of the Prime Rate Tranche under the Revolving Loan, as the case may be. Upon receipt of any notice of prepayment, the Administrative Agent
shall give prompt notice of the intended prepayment to the Banks. For each such notice given by a Borrower, the Borrowers shall prepay the Revolving Loan in the specified amount on the specified date as set forth in such notice. No Borrower shall
have the right to prepay any principal amount of the Revolving Loan except as provided in this Section 2.1(c)(i). 
 (ii) If the
amount of the Revolving Loan plus the Swing Line Loan plus the Letter of Credit Exposure ever exceeds the lesser of (A) the Revolving Loan Borrowing Base and (B) the aggregate amount of the Revolving Loan Commitments, the Borrowers shall
immediately, to the extent of such excess, first prepay to the Administrative Agent for the ratable benefit of the Banks the outstanding principal amount of the Revolving Loan, and second, if the Revolving Loan has been paid in full, prepay to the
Swing Line Lender the outstanding principal amount of the Swing Line Loan, and third, if the Swing Line Loan has been paid in full, make deposits into the Letter of Credit Collateral Account to provide cash collateral for the Letter of Credit
Exposure, such that any excess is eliminated. 
 (iii) Each prepayment of principal of any LIBOR Tranche under the Revolving Loan pursuant
to this Section 2.1(c) shall be accompanied by payment of all accrued but unpaid interest on the principal amount prepaid and any amounts required to be paid pursuant to Section 2.6 as a result of such prepayment. 
 (d) Repayment. The Borrowers shall pay to the Administrative Agent for the ratable benefit of the Banks the aggregate outstanding principal amount
of the Revolving Loan on the Revolving Loan Maturity Date. 
  

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 (e) Reduction of Revolving Loan Commitments. The Borrowers shall have the right, upon at least
three Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Revolving Loan Commitments; provided that each partial reduction shall be in the aggregate
amount of $1,000,000 or in integral multiples of $100,000 in excess thereof. Any reduction or termination of the Revolving Loan Commitments pursuant to this Section 2.1(e) shall be permanent, with no obligation of the Banks to reinstate such
Revolving Loan Commitments and the commitment fees provided for in Section 2.4(a) shall thereafter be computed on the basis of the Revolving Loan Commitments, as so reduced. 
 2.2 Swing Line Facility. 
 (a)
Commitment. The Swing Line Lender agrees, on the terms and conditions set forth in the Swing Line Note, to make advances to the Subsidiary Borrower under the Swing Line Note in an aggregate principal amount not to exceed the Swing Line
Sublimit. No Bank shall have any rights thereunder (but each Bank shall have the obligation to reimburse the Swing Line Lender in accordance with paragraph (b) below). The indebtedness of the Subsidiary Borrower to the Swing Line Lender resulting
from the advances under the Swing Line Note made by the Swing Line Lender shall be evidenced by the Swing Line Note made by such Borrower. 
 (b) Reimbursements for Swing Line Loan Obligations. With respect to the Swing Line Loan and the interest, premium, fees, and other amounts owed by the Subsidiary Borrower to the Swing Line Lender in connection with the Swing Line
Note, and in accordance with the terms of the Swing Line Note, the Subsidiary Borrower agrees to pay to the Swing Line Lender such amounts when due and payable to the Swing Line Lender under the Swing Line Note. If the Subsidiary Borrower does not
pay to the Swing Line Lender any such amounts when due and payable to the Swing Line Lender under the Swing Line Note, in addition to any rights the Swing Line Lender may have under such Swing Line Note, the Swing Line Lender may upon written notice
to the Administrative Agent request the satisfaction of such obligation by the making of a Revolving Loan Borrowing in the amount of any such amounts not paid when due and payable. Concurrently with such notice to the Administrative Agent, the Swing
Line Lender will use reasonable efforts to provide like notice to the Subsidiary Borrower, provided that failure to provide such notice to such Borrower at such time shall not invalidate the effectiveness of such request for a Revolving Loan
Borrowing. Upon such request, the Subsidiary Borrower shall be deemed to have requested the making of a Revolving Loan Borrowing in the amount of such obligation and the transfer of the proceeds thereof to the Swing Line Lender. Such Revolving Loan
Borrowing shall be a Prime Rate Borrowing. The Administrative Agent shall promptly forward notice of such Revolving Loan Borrowing to the Subsidiary Borrower and the Banks, and each Bank shall, in accordance with the procedures of Section
2.1(b), other than limitations on the size of Revolving Loan Borrowings, and notwithstanding the failure of any conditions precedent, make available such Bank’s ratable share of such Revolving Loan Borrowing to the Administrative Agent, and
the Administrative Agent shall promptly deliver the proceeds thereof to the Swing Line Lender for application to such amounts owed to the Swing Line Lender. The Borrowers hereby unconditionally and irrevocably authorize, empower, and direct the
Swing Line Lender to make such requests for 

  

 26 

 
Revolving Loan Borrowings on behalf of the Subsidiary Borrower, and the Banks to make Revolving Loan Advances to the Administrative Agent for the benefit of
the Swing Line Lender in satisfaction of such obligations. The Administrative Agent and each Bank may record and otherwise treat the making of such Revolving Loan Borrowings as the making of a Revolving Loan Borrowing to the Subsidiary Borrower
under this Agreement as if requested by the Subsidiary Borrower. Nothing herein is intended to release the Subsidiary Borrower’s obligations under the Swing Line Note or the Borrowers’ obligations hereunder, but only to provide an
additional method of payment therefor. The making of any Borrowing under this Section 2.2(b) shall not constitute a cure or waiver of any Default or Event of Default, other than the payment Default or Event of Default which is satisfied by
the application of the amounts deemed advanced hereunder, caused by the Subsidiary Borrower’s failure to comply with the provisions of this Agreement or the Swing Line Note. 
 2.3 Letter of Credit Facility. 
 (a)
Commitment for Letters of Credit. 
 (i) The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the
purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Borrowers from time to time on any Business Day during the period from the date of this Agreement until the Revolving Loan Maturity Date
provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit, and (ii) the sum of the amount of the Revolving Loan plus the Swing Line Loan plus the Letter of Credit Exposure shall not exceed the lesser of (A) the
aggregate amount of the Revolving Loan Commitments and (B) the Revolving Loan Borrowing Base. Subject to Section 2.3(b), no Letter of Credit may have an expiration date later than 12 months after its issuance date. No Letter of Credit may
have an expiration date later than 12 months after the Revolving Loan Maturity Date unless approved by the Issuing Bank, the Administrative Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The
indebtedness of each Borrower to the Issuing Bank resulting from Letters of Credit requested by such Borrower shall be evidenced by the Letter of Credit Applications made by such Borrower. 
 (ii) The Issuing Bank shall not be under any obligation to issue any Letter of Credit if: 
 (A) any order, judgment or decree of any governmental authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing Bank from
issuing such Letter of Credit, or any law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any governmental authority with jurisdiction over the Issuing Bank shall prohibit, or request that the
Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the
Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the Issuing Bank in good
faith deems material to it; 
  

 27 

 (B) the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank;

 (C) such Letter of Credit is to be denominated in a currency other than Dollars; or 
 (D) a default of any Bank’s obligations to fund under Section 2.3(c) exists or any Bank has defaulted with respect to its obligations
hereunder (including any funding or reimbursement obligations of such Bank), unless the Issuing Bank has entered into satisfactory arrangements with the applicable Borrower or such Bank to eliminate the Issuing Bank’s risk with respect to such
Bank. 
 (b) Requesting Letters of Credit. 
 (i) Each Letter of Credit shall be issued, increased, or extended pursuant to a Letter of Credit Application or Letter of Credit Application Amendment, as applicable, given by the applicable Borrower to the Issuing
Bank in writing or by telecopy promptly confirmed in writing, such Letter of Credit Application or Letter of Credit Application Amendment being given not later than 1:00 p.m. on the third Business Day before the date of the proposed issuance,
increase, or extension of the Letter of Credit. Each Letter of Credit Application or Letter of Credit Application Amendment shall be fully completed and shall specify the information required therein (including the proposed form of the Letter of
Credit or change thereto), and shall be irrevocable and binding on the applicable Borrower. Upon receipt by the Issuing Bank of the Letter of Credit Application or Letter of Credit Application Amendment, the Issuing Bank shall give prompt notice
thereof to the Administrative Agent, and the Administrative Agent shall promptly inform the Banks of the proposed Letter of Credit or change thereto. Subject to the satisfaction of all applicable conditions precedent, the Issuing Bank shall, by 4:00
p.m., on the date requested by the applicable Borrower for the issuance, increase, or extension of such Letter of Credit issue, increase, or extend such Letter of Credit to the specified beneficiary. Upon the date of the issuance, increase, or
extension of a Letter of Credit, the Issuing Bank shall be deemed to have sold to each other Bank and each other Bank shall be deemed to have purchased from the Issuing Bank a ratable participation in the related Letter of Credit or change thereto.
The Issuing Bank shall notify the Administrative Agent of each Letter of Credit issued, increased, or extended and the date and amount of each Bank’s participation in such Letter of Credit, and the Administrative Agent shall in turn notify the
Banks. 
 (ii) If any Borrower so requests in any applicable Letter of Credit Application, the Issuing Bank may, in its sole and absolute
discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the Issuing Bank to
prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice
Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the Issuing Bank, the applicable Borrower shall not be required to make a specific request to the Issuing
Bank for any 

  

 28 

 
such extension. Once an Auto-Extension Letter of Credit has been issued, the Banks shall be deemed to have authorized (but may not require) the Issuing Bank
to permit the extension of such Letter of Credit at any time to an expiry date not later than the Revolving Loan Maturity Date; provided, however, that the Issuing Bank shall not permit any such extension if (A) the Issuing Bank has
determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (ii) of Section 2.3(a) or
otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Majority Banks have elected not to
permit such extension or (2) from the Administrative Agent, any Bank or the applicable Borrower that one or more of the applicable conditions specified in Section 3.2 is not then satisfied, and in each such case directing the Issuing Bank not
to permit such extension. 
 (c) Reimbursements for Letters of Credit. 
 (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the
applicable Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the Issuing Bank under a Letter of Credit (each such date, an “Honor Date”), the applicable Borrower shall reimburse
the Issuing Bank through the Administrative Agent in an amount equal to the amount of such drawing. If the applicable Borrower fails to so reimburse the Issuing Bank by such time, the Administrative Agent shall promptly notify each Bank of the Honor
Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Bank’s ratable share thereof. In such event, the applicable Borrower shall be deemed to have requested a Revolving Loan Borrowing
to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount. Each such Revolving Loan Borrowing shall be a Prime Rate Borrowing and shall be made without regard to the minimum and multiples specified in Section 2.5(i) for
the principal amount of a Prime Rate Borrowing, but subject to the amount of the unutilized portion of the aggregate Revolving Loan Commitments and the conditions set forth in Section 3.2. Any notice given by the Issuing Bank or the
Administrative Agent pursuant to this Section 2.3(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of
such notice. 
 (ii) Each Bank shall upon any notice pursuant to Section 2.3(c)(i) make funds available to the Administrative Agent
for the account of the Issuing Bank at the Administrative Agent’s Applicable Lending Office in immediately available funds and in an amount equal to its ratable share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day
specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.3(c)(iii), each Bank that so makes funds available shall be deemed to have made a Revolving Loan Borrowing to the Borrowers in such
amount. The Administrative Agent shall remit the funds so received to the Issuing Bank. 
 (iii) With respect to any Unreimbursed Amount
that is not fully refinanced by a Revolving Loan Borrowing because the conditions set forth in Section 3.2 

  

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cannot be satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the Issuing Bank a Letter of Credit Borrowing in the amount
of the Unreimbursed Amount that is not so refinanced, which Letter of Credit Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Bank’s payment to the
Administrative Agent for the account of the Issuing Bank pursuant to Section 2.3(c)(ii) shall be deemed payment in respect of its participation in such Letter of Credit Borrowing and shall constitute a Letter of Credit Advance from such Bank
in satisfaction of its participation obligation under this Section 2.3. 
 (iv) Until each Bank funds its Revolving Loan Borrowing or
Letter of Credit Advance pursuant to this Section 2.3(c) to reimburse the Issuing Bank for any amount drawn under any Letter of Credit, interest in respect of such Bank’s ratable share of such amount shall be solely for the account of
the Issuing Bank. 
 (v) Each Bank’s obligation to make Revolving Loan Borrowings or Letter of Credit Advances to reimburse the Issuing
Bank for amounts drawn under Letters of Credit, as contemplated by this Section 2.3(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other
right which such Bank may have against the Issuing Bank, the Borrowers or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of
the foregoing; provided, however, that each Bank’s obligation to make Revolving Loan Borrowings pursuant to this Section 2.3(c) is subject to the conditions set forth in Section 3.2 (other than delivery by the
applicable Borrower of a Revolving Loan Borrowing Notice). No such making of a Letter of Credit Advance shall relieve or otherwise impair the obligation of the Borrowers to reimburse the Issuing Bank for the amount of any payment made by the Issuing
Bank under any Letter of Credit, together with interest as provided herein. 
 (vi) If any Bank fails to make available to the
Administrative Agent for the account of the Issuing Bank any amount required to be paid by such Bank pursuant to the foregoing provisions of this Section 2.3(c) by the time specified in Section 2.3(c)(ii), the Issuing Bank shall be
entitled to recover from such Bank (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the
Issuing Bank at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Issuing Bank in accordance with banking industry rules on interbank compensation. A certificate of the Issuing Bank submitted to any Bank
(through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. 
 (d)
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms after the Revolving Loan Maturity Date, the Borrowers shall pay to the Administrative Agent an amount equal to the Letter
of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below. 
  

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 (e) Obligations Unconditional. The obligations of the Borrowers and each Bank under this Agreement
and the Letter of Credit Applications to make payments as required to reimburse the Issuing Bank for draws under Letters of Credit, to repay each Letter of Credit Borrowing and to make other payments due in respect of Letters of Credit shall be
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and the Letter of Credit Applications under all circumstances, including: (i) any lack of validity or enforceability of any Letter of Credit
Document; (ii) any amendment, waiver, or consent to departure from any Letter of Credit Document; (iii) the existence of any claim, set off, defense, or other right which any Borrower or any Bank may have at any time against any beneficiary or
transferee of any Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), the Issuing Bank, or any other person or entity, whether in connection with the transactions contemplated in this Agreement or
any unrelated transaction; (iv) any statement or any other document presented under such Letter of Credit proving to be forged, fraudulent, invalid, or insufficient in any respect or any statement therein being untrue or inaccurate in any respect;
or (v) payment by the Issuing Bank under any Letter of Credit against presentation of a draft or certificate which does not comply with the terms of such Letter of Credit; provided, however, that nothing contained in this paragraph (d) shall be
deemed to constitute a waiver of any remedies of any Borrower or any Bank in connection with the Letters of Credit or such Borrower’s or such Bank’s rights under paragraph (e) below. 
 (f) Role of Issuing Bank. Each Bank and Borrower agree that, in paying any drawing under a Letter of Credit, the Issuing Bank shall not have any
responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person
executing or delivering any such document. None of the Issuing Bank, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the Issuing Bank shall be liable to any Bank for (i) any action
taken or omitted in connection herewith at the request or with the approval of the Banks or the Majority Banks, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution,
effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Document. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to
its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the applicable Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee
at law or under any other agreement. None of the Issuing Bank, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the Issuing Bank shall be liable or responsible for any of the matters
described in clauses (i) through (v) of Section 2.3(e); provided, however, that anything in such clauses to the contrary notwithstanding, the applicable Borrower may have a claim against the Issuing Bank, and the Issuing Bank
may be liable to the applicable, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the applicable Borrower which the applicable Borrower proves were caused by the Issuing Bank’s
willful misconduct or gross negligence or the Issuing Bank’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions
of a Letter of Credit. In 

  

 31 

 
furtherance and not in limitation of the foregoing, the Issuing Bank may accept documents that appear on their face to be in order, without responsibility
for further investigation, regardless of any notice or information to the contrary, and the Issuing Bank shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a
Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 
 (g) Letter of Credit Collateral Account. 
 (i) If any Borrower is required to deposit funds in the
Letter of Credit Collateral Account pursuant to Sections 2.3(d) or 6.4, then the Borrowers and the Administrative Agent shall establish the Letter of Credit Collateral Account and the Borrowers shall execute any documents and
agreements, including the Administrative Agent’s standard form assignment of deposit accounts, that the Administrative Agent reasonably requests in connection therewith to establish the Letter of Credit Collateral Account and grant the
Administrative Agent a first priority security interest in such account and the funds therein. The Borrowers hereby pledge to the Administrative Agent and grant the Administrative Agent a security interest in the Letter of Credit Collateral Account,
whenever established, all funds held in the Letter of Credit Collateral Account from time to time, and all proceeds thereof as security for the payment of the Obligations. 
 (ii) Funds held in the Letter of Credit Collateral Account shall be held as cash collateral for obligations with respect to Letters of Credit and
promptly applied by the Administrative Agent at the request of the Issuing Bank to any reimbursement or other obligations under Letters of Credit that exist or occur. To the extent that any surplus funds are held in the Letter of Credit Collateral
Account above the Letter of Credit Exposure, during the existence of an Event of Default the Administrative Agent may (A) hold such surplus funds in the Letter of Credit Collateral Account as cash collateral for the Credit Obligations or (B) apply
such surplus funds to any Credit Obligations in accordance with Section 6.9. If no Event of Default exists, the Administrative Agent shall release to the Borrowers at the Borrowers’ written request any funds held in the Letter of Credit
Collateral Account above the amounts required by Section 2.3(d). 
 (iii) Funds held in the Letter of Credit Collateral Account shall
be invested in money market funds of the Administrative Agent or in another investment if mutually agreed upon by the Borrowers and the Administrative Agent, but the Administrative Agent shall have no other obligation to make any other investment of
the funds therein. The Administrative Agent shall exercise reasonable care in the custody and preservation of any funds held in the Letter of Credit Collateral Account and shall be deemed to have exercised such care if such funds are accorded
treatment substantially equivalent to that which the Administrative Agent accords its own property, it being understood that the Administrative Agent shall not have any responsibility for taking any necessary steps to preserve rights against any
parties with respect to any such funds. 
 (h) Applicability of ISP and UCP. Unless otherwise expressly agreed by the Issuing Bank and
the applicable Borrowers when a Letter of Credit is issued, (i) the rules of the 

  

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ISP shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published
by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit. 
 2.4 Fees.

 (a) Commitment Fees. The Borrowers shall pay to the Administrative Agent for the ratable benefit of the Banks an unused commitment
fee in an amount equal to the Applicable Margin times the average daily amount by which (i) the aggregate amount of the Revolving Loan Commitments exceeds (ii) the aggregate outstanding principal amount of the Revolving Loan plus the Letter
of Credit Exposure. The unused commitment fee shall be due and payable in arrears on the last Business Day of each calendar quarter of the Parent Borrower and on the Revolving Loan Maturity Date. At the end of each calendar quarter, the
Administrative Agent shall provide to the Parent Borrower a written statement setting forth in reasonable detail the amount payable under this Section 2.4(a). 
 (b) Fees for Letters of Credit. For each Letter of Credit issued by the Issuing Bank, the Borrowers shall pay to the Administrative Agent for the ratable benefit of the Banks a letter of credit fee equal to the
Applicable Margin per annum times the daily maximum amount available to be drawn under such Letter of Credit, with a minimum fee of $500. The Borrowers shall pay each such letter of credit fee for each Letter of Credit quarterly in arrears.
The Borrowers shall also pay directly to the Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the Issuing Bank relating to Letters of Credit as from
time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 
 (c)
Agent Fee Letter. The Borrowers shall pay to the parties specified therein the fees and other amounts payable pursuant to the fee letter between Stripes Acquisition LLC and the Agents dated November 4, 2005. 
 2.5 Interest. 
 (a) Election of
Interest Rate Basis. The Borrowers may select the interest rate basis for the Revolving Loan in accordance with the terms of this Section 2.5(a): 
 (i) Under the Revolving Loan Borrowing Request provided to the Administrative Agent in connection with the making of each Revolving Loan Borrowing, the applicable Borrower shall select the amount and the Type of the
Tranches, and for each LIBOR Tranche selected, any permitted Interest Period for each such LIBOR Tranche, which will comprise such Revolving Loan Borrowing, provided that (A) at no time shall there be more than five separate LIBOR Tranches
outstanding and (B) each LIBOR Tranche must be in a principal amount equal to or greater than $1,000,000 and in multiples of $100,000, and the Prime Rate Tranche must be in a principal amount equal to or greater than $100,000 and in multiples of
$25,000. Such interest rate elections must be provided to the Administrative Agent in writing or by telecopy not later than 1:00 p.m. on the third Business Day before the date of any proposed Revolving Loan Borrowing comprised of a LIBOR Tranche or
12:00 noon on the same day of 

  

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any proposed Revolving Loan Borrowing which is a Prime Rate Borrowing. The Administrative Agent shall promptly forward copies of such interest rate elections
to the Banks. In the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, upon determination by the Administrative Agent, the Administrative Agent shall promptly notify the applicable Borrower and the Banks of the applicable interest
rate for such Tranche. 
 (ii) With respect to any Tranche, the applicable Borrower may continue or convert any portion of any LIBOR Tranche
or the Prime Rate Tranche to form new LIBOR Tranches or increase or decrease the amount of the Prime Rate Tranche in accordance with this paragraph. Each such continuation or conversion shall be deemed to create a new LIBOR Tranche or increase or
decrease the amount of the Prime Rate Tranche, as applicable, for all purposes of this Agreement. Each such continuation or conversion shall be made pursuant to a Continuation/Conversion Request given by the applicable Borrower to the Administrative
Agent in writing or by telecopy not later than 1:00 p.m. on the third Business Day before the date of the proposed continuation or conversion. Each Continuation/Conversion Request shall be fully completed and shall specify the information required
therein, and shall be irrevocable and binding on the applicable Borrower. The Administrative Agent shall promptly forward notice of the continuation or conversion to the Banks. In the case of any continuation or conversion into LIBOR Tranches, upon
determination by the Administrative Agent, the Administrative Agent shall notify the applicable Borrower and the Banks of the applicable interest rate. Continuations and conversions of LIBOR Tranches shall be made in integral multiples of $100,000,
and continuations and conversions of the Prime Rate Tranche shall be made in integral multiples of $25,000. No continuation or conversion shall be permitted if such continuation or conversion would cause the aggregate outstanding principal amount of
any LIBOR Tranche which would remain outstanding to be less than $1,000,000, or the aggregate outstanding principal amount of the Prime Rate Tranche which would remain outstanding to be less than $100,000. Any conversion of an existing LIBOR Tranche
is subject to Section 2.5. Subject to the satisfaction of all applicable conditions precedent, the Administrative Agent and the Banks shall before close of business on the date requested by the applicable Borrower for the continuation or
conversion, make such continuation or conversion. 
 (iii) At the end of the Interest Period for any LIBOR Tranche if the applicable
Borrower has not continued or converted such LIBOR Tranche into new Tranches as provided for in paragraph (ii) above, the applicable Borrower shall be deemed to have continued such LIBOR Tranche as a new LIBOR Tranche with an Interest Period of one
month. All of the Prime Rate Tranche shall continue as the Prime Rate Tranche unless the applicable Borrower converts such Prime Rate Tranche as provided for in paragraph (ii) above. 
 (b) LIBOR Tranches. Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the sum of the LIBOR
for such Tranche plus the Applicable Margin for LIBOR Tranches in effect from time to time. The Borrowers shall pay to the Administrative Agent for the ratable benefit of the Banks all accrued but unpaid interest on each LIBOR Tranche on the last
day of the applicable Interest Period for such LIBOR Tranche (and with respect to LIBOR Tranches with Interest Periods of greater than three months, on the date which is three months after the first date of the Interest Period for such LIBOR
Tranche), when required upon prepayment as specified elsewhere in this Agreement, on any date when such LIBOR Tranche is prepaid in full, and on the Revolving Loan Maturity Date. 
  

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 (c) Prime Rate Tranche. The Prime Rate Tranche shall bear interest at a per annum interest rate
equal to the Base Rate in effect from time to time plus the Applicable Margin for the Prime Rate Tranche in effect from time to time. The Borrowers shall pay to the Administrative Agent for the ratable benefit of the Banks all accrued but unpaid
interest on the aggregate outstanding principal amount of the Prime Rate Tranche on the last day of each calendar quarter, when required upon prepayment as specified elsewhere in this Agreement, on any date the Prime Rate Tranche is prepaid in full,
and on the Revolving Loan Maturity Date. 
 (d) Usury Protection. 
 (i) If, with respect to any Bank and any Borrower, the effective rate of interest contracted for by such Bank with such Borrower under the Credit
Documents, including the stated rates of interest contracted for hereunder and any other amounts contracted for under the Credit Documents which are deemed to be interest, at any time exceeds the Highest Lawful Rate, then the outstanding principal
amount of the loans made by such Bank to such Borrower hereunder shall bear interest at a rate which would make the effective rate of interest on the loans made by such Bank to such Borrower under the Credit Documents equal the Highest Lawful Rate
until the difference between the amounts which would have been due by such Borrower to such Bank at the stated rates and the amounts which were due by such Borrower to such Bank at the Highest Lawful Rate (the “Lost Interest”) has
been recaptured by such Bank. If, when the loans made hereunder are repaid in full, the Lost Interest has not been fully recaptured by such Bank pursuant to the preceding paragraph, then, to the extent permitted by law, the interest rates charged by
such Bank to such Borrower hereunder shall be retroactively increased such that the effective rate of interest on the loans made by such Bank to such Borrower under the Credit Documents was at the Highest Lawful Rate since the effectiveness of this
Agreement to the extent necessary to recapture the Lost Interest not recaptured pursuant to the preceding sentence and, to the extent allowed by law, such Borrower shall pay to such Bank the amount of the Lost Interest remaining to be recaptured by
such Bank. 
 (ii) For purposes of the foregoing, in calculating all sums paid or agreed to be paid to any Bank by any Borrower for the use,
forbearance, or detention of money under the Credit Documents, such amounts shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread in equal parts throughout the term of the Credit Documents. 
 (e) NOTWITHSTANDING THE FOREGOING OR ANY OTHER TERM IN THIS AGREEMENT AND THE CREDIT DOCUMENTS TO THE CONTRARY, it is the intention of each Bank and the
Borrowers to conform strictly to any applicable usury laws. Accordingly, if any Bank contracts for, charges, or receives any consideration from any Borrower which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall
be canceled automatically and, if previously paid, shall at such Bank’s option be applied to the outstanding amount of the loans made hereunder by such Bank to such Borrower or be refunded to such Borrower. 
  

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 2.6 Breakage Costs. If (i) any payment of principal on or any conversion of any LIBOR Tranche is
made on any date other than the last day of the Interest Period for such LIBOR Tranche, whether as a result of any voluntary or mandatory prepayment (other than a prepayment upon the occurrence of any event subject to Section 2.8 or
2.9), any acceleration of maturity, or any other cause, (ii) any payment of principal on any LIBOR Tranche is not made when due, or (iii) any LIBOR Tranche is not borrowed, converted, or prepaid in accordance with the respective notice
thereof provided by the applicable Borrower to the Administrative Agent, whether as a result of any failure to meet any applicable conditions precedent for borrowing, conversion, or prepayment, the permitted cancellation of any request for
borrowing, conversion, or prepayment, the failure of the applicable Borrower to provide the respective notice of borrowing, conversion, or prepayment, or any other cause not specified above which is created by the applicable Borrower, then the
Borrowers shall pay to each Bank upon demand any amounts required to compensate such Bank for any losses, costs, or expenses, including lost profits and administrative expenses, which are reasonably allocable to such action, including losses, costs,
and expenses related to the liquidation or redeployment of funds acquired or designated by such Bank to fund or maintain such Bank’s ratable share of such LIBOR Tranche or related to the reacquisition or redesignation of funds by such Bank to
fund or maintain such Bank’s ratable share of such LIBOR Tranche following any liquidation or redeployment of such funds caused by such action. Such Bank need not prove matched funding of any particular funds, and a certificate as to the amount
of such loss, cost, or expense detailing the calculation thereof and certifying that such Bank customarily charges such amounts to its other customers in similar circumstances submitted by such Bank to the applicable Borrower shall be conclusive and
binding for all purposes, absent manifest error. 
 2.7 Increased Costs. 
 (a) Cost of Funds. If due to either (i) any introduction of, change in, or change in the interpretation of any law or regulation, in each case,
after the date of this Agreement or (ii) compliance with any guideline or request from any central bank or other governmental authority having appropriate jurisdiction (whether or not having the force of law) given after the date of this Agreement,
there shall be any increase in the costs (other than income and franchise taxes) of any Bank attributable to (x) committing to make any Revolving Loan Advance or obtaining funds for the making, funding, or maintaining of such Bank’s ratable
share of any LIBOR Tranche in the relevant interbank market or (y) committing to make Letters of Credit or issuing, funding, or maintaining Letters of Credit (including any increase in any applicable reserve requirement specified by the Federal
Reserve Board, including those for emergency, marginal, supplemental, or other reserves), then the Borrowers shall pay to such Bank upon demand any amounts required to compensate such Bank for such increased costs, such amounts being due and payable
upon demand by such Bank. A certificate as to the cause and amount of such increased cost detailing the calculation of such cost and certifying that such Bank customarily charges such amounts to its other customers in similar circumstances submitted
by such Bank to the applicable Borrower shall be conclusive and binding for all purposes, absent manifest error. No Bank may make any claim for compensation under this Section 2.7(a) for increased costs incurred before 90 days prior to the
delivery of any such certificate. 
  

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 (b) Capital Adequacy. If, due to either (i) any introduction of, change in, or change in the
interpretation of any law or regulation, in each case, after the date of this Agreement or (ii) compliance with any guideline or request from any central bank or other governmental authority having appropriate jurisdiction (whether or not having the
force of law) given after the date of this Agreement, there shall be any increase in the capital requirements of any Bank or its parent or holding company attributable to (x) committing to make Revolving Loan Advances or making, funding, or
maintaining Revolving Loan Advances or (y) committing to make Letters of Credit or issuing, funding, or maintaining Letters of Credit, as such capital requirements are allocated by such Bank, then the Borrowers shall pay to such Bank upon demand any
amounts required to compensate such Bank or its parent or holding company for such increase in costs (including an amount equal to any reduction in the rate of return on assets or equity of such Bank or its parent or holding company), such amounts
being due and payable upon demand by such Bank. A certificate as to the cause and amounts detailing the calculation of such amounts and certifying that such Bank customarily charges such amounts to its other customers in similar circumstances
submitted by such Bank to the applicable Borrower shall be conclusive and binding for all purposes, absent manifest error. No Bank may make any claim for compensation under this Section 2.7(b) for increased costs incurred before 90 days prior
to the delivery of any such certificate. 
 2.8 Illegality. Notwithstanding any other provision in this Agreement, if it becomes
unlawful for any Bank to obtain deposits or other funds for making or funding such Bank’s ratable share of any LIBOR Tranche in the relevant interbank market, such Bank shall so notify the Borrowers and the Administrative Agent and such
Bank’s commitment to create LIBOR Tranches shall be suspended until such condition has passed, all LIBOR Tranches applicable to such Bank shall be converted to the Prime Rate Tranche as of the end of each applicable Interest Period or earlier
if necessary, and all subsequent requests for LIBOR Tranches shall be deemed to be requests for Prime Rate Borrowings or continuations and conversions of the Prime Rate Tranche, as applicable, with respect to such Bank. 
 2.9 Market Failure. Notwithstanding any other provision in this Agreement, if the Administrative Agent determines that: (a) quotations of interest
rates for the relevant deposits referred to in the definition of “LIBOR” are not being provided in the relevant amounts, or maturities for purposes of determining the rate of interest referred to in the definition of “LIBOR” or
(b) the relevant rates of interest referred to in the definition of “LIBOR” which are used as the basis to determine the rate of interest for LIBOR Tranches will not adequately cover the cost to any Bank of making or maintaining such
Bank’s ratable share of any LIBOR Tranche, then if the Administrative Agent so notifies the Borrowers, the Administrative Agent and the Banks’ commitment to create LIBOR Tranches shall be suspended until such condition has passed, all
LIBOR Tranches shall be converted to the Prime Rate Tranche as of the end of each applicable Interest Period or earlier if necessary, and all subsequent requests for LIBOR Tranches shall be deemed to be requests for Prime Rate Borrowings or
continuations and conversions of the Prime Rate Tranche, as applicable, with respect to such Bank until the applicable condition has passed. 
  

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 2.10 Payment Procedures and Computations. 
 (a) Payment Procedures. Time is of the essence in this Agreement and the Credit Documents. All payment hereunder shall be made in Dollars. The
Borrowers shall make each payment under this Agreement and under the Revolving Loan Notes not later than 12:00 noon on the day when due to the Administrative Agent at the Administrative Agent’s Applicable Lending Office in immediately available
funds. All payments by the Borrowers hereunder shall be made without any offset, abatement, withholding, deduction, counterclaim, or reduction. Upon receipt of payment from a Borrower of any principal, interest, or fees due to the Banks, the
Administrative Agent shall promptly after receipt thereof distribute to the Banks their ratable share of such payments for the account of their respective Applicable Lending Offices. If and to the extent that the Administrative Agent shall not have
so distributed to any Bank its ratable share of such payments, the Administrative Agent agrees that it shall pay interest on such amount for each day after the day when such amount is made available to the Administrative Agent by the applicable
Borrower until the date such amount is paid to such Bank by the Administrative Agent at the Federal Funds Rate in effect from time to time, provided that if such amount is not paid by the Administrative Agent by the end of the third day after the
applicable Borrower makes such amount available to the Administrative Agent, the interest rates specified above shall be increased by a per annum amount equal to 2.00% on the fourth day and shall remain at such increased rate thereafter. Interest on
such amount shall be due and payable by the Administrative Agent upon demand by such Bank. Upon receipt of other amounts due solely to the Administrative Agent, the Issuing Bank, the Swing Line Lender, or a specific Bank, the Administrative Agent
shall distribute such amounts to the appropriate party to be applied in accordance with the terms of this Agreement. 
 (b) Agent
Reliance. Unless the Administrative Agent shall have received written notice from the applicable Borrower prior to any date on which any payment is due to the Banks that the applicable Borrower shall not make such payment in full, the
Administrative Agent may assume that the applicable Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Bank on such date
an amount equal to the amount then due such Bank. If and to the extent the applicable Borrower shall not have so made such payment in full to the Administrative Agent, each Bank shall repay to the Administrative Agent forthwith on demand such amount
distributed to such Bank, together with interest thereon from the date such amount is distributed to such Bank until the date such Bank repays such amount to the Administrative Agent, at an interest rate equal to, the Federal Funds Rate in effect
from time to time, provided that with respect to such Bank, if such amount is not repaid by such Bank by the end of the second day after the date of the Administrative Agent’s demand, the interest rates specified above shall be increased
by a per annum amount equal to 2.00% on the third day after the date of the Administrative Agent’s demand and shall remain at such increased rate thereafter. 
 (c) Sharing of Payments. Each Bank agrees that if it should receive any payment (whether by voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by
counterclaim or cross action, by the enforcement of any right under the Credit Documents, or otherwise) in respect of any obligation of any Borrower to pay principal, interest, fees, or any other obligation incurred under the Credit Documents in a

  

 38 

 
proportion greater than the total amount of such principal, interest, fees, or other obligation then owed and due by the applicable Borrower to such Bank
bears to the total amount of principal, interest, fees, or other obligation then owed and due by the applicable Borrower to all of the Banks immediately prior to such receipt, then such Bank receiving such excess payment shall purchase for cash
without recourse from the other Banks an interest in the obligations of the applicable Borrower to such Banks in such amount as shall result in a participation by all of the Banks, in proportion with the Banks’ respective pro rata shares, in
the aggregate unpaid amount of principal, interest, fees, or any such other obligation, as the case may be, owed by the applicable Borrower to all of the Banks; provided that if all or any portion of such excess payment is thereafter recovered from
such Bank, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, in proportion with the Banks’ respective pro rata shares, but without interest. 
 (d) Authority to Charge Accounts. The Administrative Agent, if and to the extent payment owed by a Borrower to the Administrative Agent or any
Bank is not made when due, may charge from time to time against any account of either Borrower with the Administrative Agent any amount so due. The Administrative Agent agrees promptly to notify the relevant Borrower after any such charge and
application made by the Administrative Agent provided that the failure to give such notice shall not affect the validity of such charge and application. 
 (e) Interest and Fees. Unless expressly provided for in this Agreement, (i) all computations of interest based on the Prime Rate (including the Base Rate, when applicable) shall be made on the basis of a
365/366 day year, as the case may be, (ii) all computations of interest based on the Federal Funds Rate (including the Base Rate, when applicable) shall be made on the basis of a 365/366 day year, as the case may be (iii) all computations of
interest based upon the LIBOR shall be made on the basis of a 360 day year, and (iv) all computations of fees shall be made on the basis of a 360 day year, in each case for the actual number of days (including the first day, but excluding the last
day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent of an interest rate or fee shall be conclusive and binding for all purposes, absent manifest error. 
 (f) Payment Dates. Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be. If the time for payment for an amount payable is not specified in this Agreement or in any
other Credit Document, the payment shall be due and payable on demand by the Administrative Agent or the applicable Bank. 
 2.11
Taxes. 
 (a) No Deduction for Certain Taxes. Any and all payments by the Borrowers shall be made free and clear of and without
deduction for any and all present or future taxes, levies, imposts, deductions, charges, or withholdings, and all liabilities with respect thereto, other than taxes imposed on the income and franchise taxes imposed on the Administrative Agent, any
Bank, or the Applicable Lending Office thereof by any jurisdiction in which any such entity is a 

  

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citizen or resident or any political subdivision of such jurisdiction (all such nonexcluded taxes, levies, imposts, deductions, charges, withholdings, and
liabilities being hereinafter referred to as “Taxes”). If the Borrowers shall be required by law to deduct any Taxes from or in respect of any sum payable to the Administrative Agent, any Bank, or the Applicable Lending Office
thereof, (i) the sum payable shall be increased as may be necessary so that, after making all required deductions (including deductions applicable to additional sums payable under this Section 2.11), such Person receives an amount equal to
the sum it would have received had no such deductions been made; (ii) the Borrowers shall make such deductions; and (iii) the Borrowers shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with
applicable law. 
 (b) Other Taxes. The Borrowers agree to pay any present or future stamp or documentary taxes or any other excise or
property taxes, charges, or similar levies which arise from any payment made or from the execution, delivery, or registration of, or otherwise with respect to, this Agreement or the other Credit Documents (other than those which become due as a
result of any Bank joining this Agreement as a result of any Assignment and Acceptance, which shall be paid by the Bank which becomes a Bank hereunder as a result of such Assignment and Acceptance). 
 (c) Bank Withholding Exemption. Each Bank and Issuing Bank (i) that is not organized under the laws of the United States of America or a state
thereof agrees that it shall deliver to the Borrowers and the Administrative Agent on the date it becomes a party to this Agreement two duly completed copies of United States Internal Revenue Service Form W-8 BEN or W-8 ECI or successor applicable
form, as the case may be, certifying in each case that such Bank is entitled to receive payments under this Agreement and the Revolving Loan Notes payable to it, without deduction or withholding of any United States federal income taxes, (ii) that
is organized under the laws of the United States agrees that it shall deliver to the Borrowers and the Administrative Agent on the date it becomes a party to this Agreement, an Internal Revenue Service Form W-9 or successor applicable form, as the
case may be, to establish an exemption from United States backup withholding tax, and (iii) shall deliver on the date it becomes party to this Agreement any other certificate or governmental forms which are to show eligibility for the elimination of
any withholding tax, which have been reasonably requested by the Borrowers. Each Bank which delivers to the Borrower and the Administrative Agent a Form W-8 BEN, Form W-8 ECI or Form W-9 pursuant to the next preceding sentence further undertakes to
deliver to the Borrower and the Administrative Agent two further copies of the said letter and Form W-8 BEN, Form W-8 ECI or Form W-9, or successor applicable forms, or other manner of certification, as the case may be, on or before the date that
any such letter or form expires or becomes obsolete or after the occurrence of any event requiring a change in the most recent letter and form previously delivered by it to the Borrower and the Administrative Agent, and such extensions or renewals
thereof as may reasonably be requested by the Borrower and the Administrative Agent certifying in the case of a Form W-8 BEN or Form W-8 ECI that such Bank is entitled to receive payments under this Agreement without deduction or withholding of any
United States federal income taxes. If an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any delivery required by the preceding sentence would otherwise be required which renders
all such forms 

  

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inapplicable or which would prevent any Bank from duly completing and delivering any such letter or form with respect to it and such Bank advises the
Borrowers and the Administrative Agent that it is not capable of receiving payments without any deduction or withholding of United States federal income tax, and in the case of a Form W-9, establishing an exemption from United States backup
withholding tax, such Bank shall not be required to deliver such letter or forms. The Borrowers shall withhold tax at the rate and in the manner required by the laws of the United States with respect to payments made to a Bank failing to provide the
requisite Internal Revenue Service forms in a timely manner. Each Bank which fails to provide to the Borrowers in a timely manner such forms shall reimburse the Borrowers upon demand for any penalties paid by the Borrowers as a result of any failure
of the Borrowers to withhold the required amounts that are caused by such Bank’s failure to provide the required forms in a timely manner. 
 2.12 Change of Lending Office. 
 (a) Each Bank agrees that if it makes any demand for payment under Section 2.7 or
2.11(a), or if any adoption or change of the type described in Section 2.8 shall occur with respect to it, it will use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions and so long as such
efforts would not be disadvantageous to it, as determined in its sole discretion) to designate a different lending office if the making of such a designation would reduce or obviate the need for the Borrowers to make payments under Section
2.7 or 2.11(a), or would eliminate or reduce the effect of any adoption or change described in Section 2.8. 
 (b) If any
Bank (including any participant Bank under Section 8.5) shall assert that any adoption or change of the type described in Section 2.8 hereof has occurred with respect to it, or if any Bank (including any participant Bank under
Section 8.5) requests compensation under Section 2.7, or if any Borrower is required to pay any additional amount to any Bank or any authority for the account of any Bank pursuant to Section 2.11, or if any Bank becomes a
Non-Consenting Bank, then the Borrowers may, at their expense and effort, upon notice to such Bank and the Administrative Agent, require such Bank to, and such Bank promptly shall, assign and delegate, without recourse (in accordance with and
subject to the restrictions contained in Section 8.5), all its interests, rights, and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Bank, if a Bank accepts such assignment);
provided that (i) if such assignee is not a Bank or an Affiliate thereof, the Borrowers shall have received the prior written consent of the Administrative Agent and the Issuing Bank which consents shall not unreasonably be withheld or
delayed, (ii) such Bank shall have received payment of an amount equal to the aggregate outstanding principal of such Bank’s Revolving Loan Advances and its participations in Letters of Credit, accrued interest thereon, accrued fees and all
other amounts payable to it hereunder, from the assignee (at least to the extent of such outstanding principal and accrued interest and fees) and the Borrowers (in the case of all other amounts), and (iii) in the case of any such assignment
resulting from a claim for compensation under Section 2.7 or payment required to be made pursuant to Section 2.11, such assignment will result in a reduction in such compensation or payments compared to the compensation or payments
payable to the assigning Bank. A Bank shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Bank or 

  

 41 

 
otherwise, the circumstances entitling the Borrowers to require such assignment and delegation no longer exist or cease to apply. As used in this Section,
the term “Non-Consenting Bank” means, with respect to any amendment or wavier to the provisions of the Credit Documents that requires the approval of 100% of the Banks pursuant to the provisions of Section 8.3 hereof, any
Bank that declines to approve any such amendment or waiver proposed by the Borrowers, provided that (x) all other Banks have approved and consented to such amendment or waiver, and (y) the assignee of such Bank as proposed by the Borrowers under
this Section would vote to approve such amendment or waiver. 
 2.13 Increase of Revolving Loan Commitments. At any time on or before
December 20, 2009, if no Event of Default then exists, the Borrowers shall have the right, without the consent of the Banks, to increase the aggregate amount of the Revolving Loan Commitments by adding to this Agreement one or more lenders that are
Eligible Assignees (who shall, upon completion of the requirements stated in this Section 2.13 constitute Banks hereunder), or by allowing one or more Banks to increase their Revolving Loan Commitments hereunder, provided that (a) the sum of
the current Revolving Loan Commitments plus such added Revolving Loan Commitments plus any increases in current Revolving Loan Commitments shall not be greater than $75,000,000, (b) no Bank’s Revolving Loan Commitment shall be increased without
the consent of such Bank, (c) no Person shall be added to this Agreement without its consent, and (d) on the effective date of any such increase or addition, there shall either be no Revolving Loans outstanding or arrangements satisfactory to the
Administrative Agent have been made to prepay all outstanding Revolving Loans, together with accrued interest thereon and any amounts payable pursuant to Section 2.6. Any prepayment made by a Borrower in accordance with the preceding
subparagraph (d) of this Section 2.13 may, and at the request of a Borrower, shall be made with the proceeds of a Revolving Loan Advance made by all the Banks in connection with an increase in the Revolving Loan Commitments pursuant to this
Section 2.13. The Borrowers shall give the Administrative Agent five Business Days’ notice of the Borrowers’ intention to increase any Revolving Loan Commitments or add a new lender pursuant to this Section 2.13. Such notice
shall specify each new lender, if any, the changes in amounts of Revolving Loan Commitments that will result, the date on which such addition or change is to occur (which shall be a Business Day), and such other information as is reasonably
requested by the Administrative Agent. Each new lender agreeing to be added to this Agreement, and each Bank agreeing to increase its Revolving Loan Commitment, shall execute and deliver to the Administrative Agent a New Bank Agreement in
substantially the form of Exhibit I-1 or a Revolving Loan Commitment Increase Agreement in substantially the form of Exhibit I-2, pursuant to which it becomes a party hereto or increases its Revolving Loan Commitment, as the case may
be. In addition, an authorized officer of each Borrower shall execute and deliver a Revolving Loan Note in the principal amount of the Revolving Loan Commitment of each new lender, or a replacement Revolving Loan Note in the principal amount of the
increased Revolving Loan Commitment of each Bank agreeing to increase its Revolving Loan Commitment, as the case may be. Each such Revolving Loan Note shall be dated the effective date of the pertinent New Bank Agreement or Revolving Loan Commitment
Increase Agreement, as the case may be, shall be properly completed, and shall otherwise be in substantially the form of Exhibit E. In the event that a replacement Revolving Loan Note is delivered pursuant to this Section 2.13, the
applicable Bank shall deliver to the applicable 

  

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Borrower the replaced Revolving Loan Note or provide the applicable Borrower with a lost note affidavit pertaining to such replaced Revolving Loan Note. Upon
execution and delivery to the Administrative Agent of the new or replacement Revolving Loan Note and execution by the Administrative Agent of the relevant New Bank Agreement or Revolving Loan Commitment Increase Agreement, as the case may be, such
new lender shall constitute a “Bank” hereunder with a Revolving Loan Commitment as specified therein, or such Bank’s Revolving Loan Commitment shall increase as specified therein, as the case may be, and the Administrative Agent shall
notify the Banks of such addition or increase. 
 ARTICLE III 
 CONDITIONS PRECEDENT 
 3.1 Conditions of Initial Revolving Loan
Borrowing. The obligation of each Bank to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 
 (a) The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer
of the signing Credit Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the
Banks: 
 (i) executed counterparts of this Agreement, sufficient in number for distribution to the Administrative Agent, each Bank and each
Borrower; 
 (ii) a Note executed by each Borrower in favor of each Bank requesting a Note; 
 (iii) executed counterparts of the Autoborrow Agreement; 
 (iv) executed counterparts of each Guaranty; 
 (v) executed counterparts of the Security Documents,
together with: 
 (A) certificates representing the equity interests pledged pursuant to the Security Documents, accompanied by undated
stock powers executed in blank, 
 (B) proper financing statements with respect to each Credit Party, duly prepared for filing under the
Uniform Commercial Code of the jurisdiction of organization of such Credit Party, 
 (C) completed lien searches, dated on or before the
date of the initial Credit Extension, listing all effective financing statements filed in the jurisdictions referred to in clause (B) above that name any Credit Party or any Subsidiary of any Credit Party as debtor, together with copies of such
other financing statements, and 
  

 43 

 (D) evidence that all other action that the Administrative Agent may reasonably deem necessary in order
to perfect the first priority liens and security interests created under the Security Documents has been completed (other than the filings referred to in clause (B) above); 
 (vi) an incumbency certificate executed by the Responsible Officer(s) of each Credit Party evidencing the identity, authority and capacity of each
Responsible Officer authorized to act as a Responsible Officer in connection with this Agreement and the other Credit Documents to which such Credit Party is a party; 
 (vii) copies, certified by the Secretary or Assistant Secretary (or other appropriate Responsible Officer) of the applicable Credit Party, of all resolutions and other appropriate authorizing actions taken by or on
behalf of each Credit Party authorizing and approving the execution, delivery and performance of all Credit Documents to which such Credit Party is a party, which resolutions or authorizing actions have not been revoked, modified, amended or
rescinded and are in full force and effect as of the Closing Date; 
 (viii) such organizational documents, certified by the Secretary or
Assistant Secretary (or other appropriate Responsible Officer) of the applicable Credit Party, and/or certificates of good standing, qualification, or similar certificates or instruments as the Administrative Agent may reasonably require;

 (ix) a certificate signed by a Responsible Officer of each Borrower certifying that the conditions specified in Sections 3.2(a)
and (b) have been satisfied, as of the date of such initial Credit Extension; 
 (b) The obligations under the Existing Credit
Agreement shall have been retired and arrangements satisfactory to the Administrative Agent shall have been made for the release, amendment, or assignment, as appropriate, of all liens securing the obligations thereunder and the termination of all
related loan documents; 
 (c) There shall have occurred no change, occurrence, or development since December 31, 2004, that could reasonably
be expected to have a Material Adverse Effect; 
 (d) The Susser Acquisition shall have been consummated in accordance with the Acquisition
Agreement and the Acquisition Agreement shall not have been altered, amended or otherwise modified or supplemented in any manner materially adverse to the interest of the Banks or any condition therein waived in a manner materially adverse to the
interests of the Banks, in either case without the prior written consent of the Agents; 
 (e) The Banks shall have received certification as
to the Solvency of the Borrowers and the Guarantors (taken as a whole), after giving effect to the Transaction, including the incurrence of indebtedness related thereto, from the chief financial officer (in such capacity) of the Parent Borrower or
the Parent Guarantor, on behalf of such entities; 
  

 44 

 (f) The Agents shall have received (i) reasonably satisfactory opinions of counsel to the Parent
Guarantor and its Subsidiaries and (ii) satisfactory evidence that (A) 100% of the capital stock and other equity or economic interests in the Parent Guarantor shall be owned by the Equity Investors, Sam L. Susser and other rollover investors
previously disclosed in writing to the Agents and (B) the Administrative Agent (on behalf of the Banks) shall have a valid and perfected first priority (subject to Permitted Liens) lien and security interest in such capital stock and in the other
Collateral; 
 (g) The Agents shall have received (i) reasonably satisfactory evidence of the Equity Contribution, (ii) reasonably
satisfactory evidence of the Parent Borrower’s receipt of not less than $170,000,000 of gross cash proceeds from the Sale-Leaseback, and (iii) reasonably satisfactory evidence of the Parent Borrower’s receipt of not less than $170,000,000
of gross cash proceeds from the advance of the Bridge Loans or the issuance by the Parent Borrower and Susser Finance Corporation of the Senior Notes, as applicable; 
 (h) The Agents shall have received a duly completed Borrowing Base Certificate demonstrating that, after giving effect to the Initial Revolving Loan Borrowing, at least $38,000,000 of borrowing availability (minus the
amount of the Existing Letters of Credit) remains under the revolving credit facility created in Section 2.1; 
 (i) The Agents shall
have received reasonably satisfactory evidence that no more than $1,000,000 of the proceeds from the Initial Revolving Loan Borrowing shall be used to pay costs, fees and expenses related to the Susser Acquisition; 
 (j) The Agents and the Banks shall be reasonably satisfied with the amount, types and terms and conditions of all insurance maintained by the Parent
Guarantor and its Subsidiaries, and the Agents shall have received endorsements naming the Administrative Agent as an additional insured or loss payee, as the case may be under all casualty and liability insurance policies to be maintained with
respect to the Collateral; 
 (k) The Agents and the Banks shall have received: (i) audited consolidated financial statements of the Parent
Borrower and its Subsidiaries for the three fiscal years ended 2002, 2003 and 2004, unaudited consolidated financial statements of the Parent Borrower and its Subsidiaries for any interim quarterly periods that have ended at least 45 days prior to
the date of this Agreement, and pro forma financial statements as to the Parent Borrower and its Subsidiaries giving effect to the Transaction for the fiscal year ended on or about December 31, 2004 and the period commencing with the end of the most
recently completed fiscal year and ending with the fiscal quarter ended on or about September 30, 2005, which in each case, shall meet the requirements of Regulation S-X under the Securities Act of 1933, as amended, and all other accounting rules
and regulations of the SEC promulgated thereunder applicable to a registration statement under such Act on Form S-1 (and which shall include the adjustments referred to in clause (l) below) and (ii) forecasts prepared by management of the Parent
Borrower and its Subsidiaries, each in form reasonably satisfactory to the Agents and the Banks, of balance sheets, income statements and cash flow statements for each quarter for the first four quarters following the date of this Agreement and for
each year commencing with the first fiscal year following the date of this Agreement for the term of the Revolving Loan Commitments; 
  

 45 

 (l) The Agents and the Banks shall have received satisfactory evidence that the Consolidated Rent
Adjusted Leverage Ratio of the Parent Borrower and its Subsidiaries as of the date of this Agreement (which ratio shall be calculated reflecting the Transaction on a pro forma basis and with respect to which the calculation of Consolidated EBITDAR
shall include those adjustments included in the presentation to Moody’s and S&P in August 2005 or otherwise agreed to by the Agents) is not greater than 5.75:1.0. 
 (m) Any fees required to be paid by or on behalf of the Borrowers on or before the Closing Date shall have been paid or arrangements satisfactory to the
Administrative Agent shall have been made to pay such fees out of a portion of the proceeds of the initial Credit Extensions; and 
 (n) The
Agents shall have received the documents and other items listed on Exhibit G, together with any other documents and items reasonably requested by the Agents to document the agreements and intent of the Credit Documents, each in form and with
substance satisfactory to the Agents. 
 3.2 Conditions Precedent to Each Extension of Credit. The obligation of each Bank to make any
extension of credit under this Agreement, including the making of any Revolving Loan Advances and the issuance, increase, or extension of any Letters of Credit, and the obligation of the Swing Line Lender to make any advances under the Swing Line
Loan shall be subject to the further conditions precedent that on the date of such extension of credit: 
 (a) Representations and
Warranties. As of the date of the making of any extension of credit hereunder (other than the initial Credit Extension on the Closing Date), the representations and warranties contained in each Credit Document shall be true and correct in all
material respects as of such date (and the applicable Borrower’s request for the making of any extension of credit hereunder shall be deemed to be a restatement, representation, and additional warranty of the representations and warranties
contained in each Credit Document as of such date), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date;

 (b) Default. As of the date of the making of any extension of credit hereunder, there shall exist no Default or Event of Default,
and the making of the extension of credit would not cause a Default or Event of Default provided that with respect to the initial Credit Extension on the Closing Date, this clause (b) shall not apply with respect to any Default or Event of
Default that would exist solely due to the failure of the representations and warranties in the Credit Document to be true and correct in all material respects on the Closing Date; and 
 (c) Borrowing Base. As of the date of the making of any extension of credit hereunder, such extension of credit would not cause the aggregate
outstanding amount of the Revolving Loan plus the Swing Line Loan plus the Letter of Credit Exposure to exceed the lesser of (i) the Revolving Loan Borrowing Base and (ii) the Revolving Loan Commitment. 
  

 46 

 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 The Parent Borrower, the Subsidiary Borrower and the Parent
Guarantor each represents and warrants to the Administrative Agent and each Bank, and with each request for any extension of credit hereunder, including the making of any Revolving Loan Advances or any advance of the Swing Line Loan, and the
issuance, increase, or extension of any Letters of Credit, again represents and warrants to the Administrative Agent and each Bank, as follows: 
 4.1 Organization. As of the date of this Agreement, each Restricted Entity (a) is duly organized or formed, validly existing, and in good standing under the laws of such Person’s respective jurisdiction of organization, (b) has
all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Credit Documents to
which such Restricted Entity is a party, and (c) is duly licensed, qualified to do business, and in good standing in each jurisdiction in which such Person is organized, owns property, or conducts operations except to the extent that any failure to
hold such power and authority and have such licenses, authorizations, consents and approvals, in accordance with clause (b)(i) or to be so licensed, qualified, or in good standing in accordance with this clause (c) could not reasonably be expected
to cause a Material Adverse Effect. 
 4.2 Authorization. The execution, delivery, and performance by each Credit Party of the Credit
Documents to which such Credit Party is a party and the consummation of the transactions contemplated thereby (a) do not contravene the organizational documents of such Credit Party, (b) have been duly authorized by all necessary partnership,
limited liability company or corporate action of each Credit Party, and (c) are within each Credit Party’s partnership, limited liability company or corporate powers. 
 4.3 Enforceability. Each Credit Document to which any Credit Party is a party has been duly executed and delivered by each Credit Party which is a
party to such Credit Document and constitutes the legal, valid, and binding obligation of each such Credit Party, enforceable against each such Credit Party in accordance with such Credit Document’s terms, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or similar laws at the time in effect affecting the rights of creditors generally and subject to the availability of equitable remedies. 
 4.4 Absence of Conflicts and Approvals. The execution, delivery, and performance by each Credit Party of the Credit Documents to which such Credit
Party is a party and the consummation of the transactions contemplated thereby, (a) do not result in any violation or breach of any provisions of, or constitute a default under, any note, indenture, credit agreement, security agreement, credit
support agreement, or other similar material agreement to which such Credit Party is a party or any other material contract or agreement to which such Credit Party is a party, (b) do not violate any law or regulation binding on or affecting such
Credit Party, except where such violation could not reasonably be expected to have a material adverse effect on (i) the business, assets, liabilities (actual or contingent), operations, properties, results of 

  

 47 

 
operations or condition (financial or otherwise) of such Credit Party or (ii) the ability of such Credit Party to perform its obligations under the Credit
Documents, (c) do not require any material authorization, approval, or other action by, or any notice to or filing with, any governmental authority or other third party which has not been obtained, taken or made, and (d) do not result in or require
the creation or imposition of any Lien prohibited by this Agreement. 
 4.5 Investment Companies. No Restricted Entity or Affiliate
thereof is an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 4.6 Public Utilities. No Restricted Entity or Affiliate thereof is a “holding company,” or a “subsidiary company” of a
“holding company,” or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding company,” within the meaning of the Public Utility Holding Company Act of 1935, as amended. No
Restricted Entity or Affiliate thereof is a regulated public utility. 
 4.7 Financial Condition. 
 (a) The Subsidiary Borrower has delivered or caused to be delivered to the Administrative Agent the SSP Financial Statements, and the SSP Financial
Statements are accurate and complete in all material respects and present fairly the financial condition of the Subsidiary Borrower and its Subsidiaries as of their date and for their period in accordance with generally accepted accounting
principles. 
 (b) The Subsidiary Borrower has delivered to the Administrative Agent the SSP Interim Financial Statements, and the SSP
Interim Financial Statements are accurate and complete in all material respects and present fairly the financial condition of the Subsidiary Borrower and its Subsidiaries as of their date and for their period in accordance with generally accepted
accounting principles, as applicable to interim financial reports. 
 (c) As of the date of the SSP Financial Statements and SSP Interim
Financial Statements, there were no material contingent obligations, liabilities for taxes, unusual forward or long term commitments, or unrealized or anticipated losses of the Subsidiary Borrower or any of its Subsidiaries, except as disclosed in
the SSP Financial Statements and SSP Interim Financial Statements, and adequate reserves for such items have been made in accordance with generally accepted accounting principles. No change, occurrence or development that is materially adverse to
the business, assets, liabilities (actual or contingent), operations, properties, results of operations or condition (financial or otherwise) of the Subsidiary Borrower and its Subsidiaries (taken as a whole) has occurred since the date of the SSP
Financial Statements or SSP Interim Financial Statements. 
 4.8 Condition of Assets. Each Restricted Entity has good and indefeasible
title to substantially all of its owned property and valid leasehold rights in all of its leased property, as reflected in the financial statements most recently provided to the Administrative Agent. The property of the Credit Parties which
constitutes the Collateral subject to the Security Documents 

  

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or is Eligible Real Property is free and clear of all Liens except Permitted Liens. Each Restricted Entity possesses and has properly approved, recorded, and
filed, where applicable, all permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights, and copyrights which are useful in the conduct of its business and which the failure to possess could reasonably be
expected to cause a Material Adverse Effect. The material properties used in the operations of each Restricted Entity are in good repair, working order, and condition, normal wear and tear excepted. The properties of each Restricted Entity have not
been adversely affected as a result of any fire, explosion, earthquake, hurricane, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of property or cancellation of contracts, permits, or
concessions by a governmental authority, riot, activities of armed forces, or acts of God or of any public enemy in any manner which (after giving effect to any insurance proceeds) could reasonably be expected to cause a Material Adverse Effect.

 4.9 Litigation. There are no actions, suits, or proceedings pending or, to the knowledge of the Parent Guarantor or either
Borrower, threatened against any Restricted Entity at law, in equity, or in arbitration, or by or before any Governmental Authority, or any arbitrator which could reasonably be expected to cause a Material Adverse Effect (after giving effect to any
undisputed insurance proceeds) or to affect any transaction contemplated hereby or the ability of a Restricted Entity to perform its respective obligations under the Credit Documents. 
 4.10 Subsidiaries. As of the date of this Agreement, the Parent Guarantor and the Borrowers have no Subsidiaries other than those specifically
disclosed in Part (a) of Schedule 4.10 and have no equity investments in any other corporation or entity other than those specifically disclosed in Part (b) of Schedule 4.10. The Parent Guarantor and the Borrowers have no Subsidiaries
which have not been disclosed in writing to the Administrative Agent. 
 4.11 Laws and Regulations. Each Restricted Entity is in
compliance with all federal, state, and local laws and regulations which are applicable to the operations and property of such Person except where the failure to comply with the same could not reasonably be expected to cause a Material Adverse
Effect. 
 4.12 Environmental Compliance. Except as disclosed on Schedule 4.12, each Restricted Entity has been and is in
compliance with all Environmental Laws and has obtained and is in compliance with all permits required under applicable Environmental Laws (“Environmental Permits”) necessary for the ownership and operation of any such Person’s
properties, except, in each case, where the failure to be in compliance with the same or to obtain any such Environmental Permit could not reasonably be expected to cause a Material Adverse Effect. Each Restricted Entity has not received notice of
and has not been investigated for any violation or alleged violation of any Environmental Law in connection with any such Person’s presently or previously owned properties which currently threaten action or suggest liabilities which could
reasonably be expected to cause a Material Adverse Effect. Each Restricted Entity does not and has not created, handled, transported, used, or disposed of any Hazardous Materials on or about any such Person’s properties (nor has any such
Person’s properties been used for those purposes); has never been responsible for the release of any Hazardous Materials into the environment in connection with any such Person’s operations and has not contaminated any properties with
Hazardous Materials; and does not and has not owned any properties 

  

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contaminated by any Hazardous Materials, in each case in violation of Environmental Laws or Environmental Permits or giving rise to any Environmental
Liability which could reasonably be expected to cause a Material Adverse Effect. For the purposes of this Section 4.12, there shall be offset against the amount of any losses the amount of reimbursement obligations payable by the TCEQ or
other third party reimbursement programs or agreements (including, without limitation, any insurance policies or third party contractual indemnities in connection therewith in determining whether any Material Adverse Effect has occurred or could
reasonably be expected to occur). 
 4.13 ERISA. Each Restricted Entity and each of their respective Commonly Controlled Entities are
in compliance with all provisions of ERISA to the extent that the failure to be in compliance could reasonably be expected to cause a Material Adverse Effect. No Restricted Entity nor any of their respective Commonly Controlled Entities participates
in or during the past five years has participated in any employee pension benefit plan covered by Title IV of ERISA or any multiemployer plan under Section 4001(a)(3) of ERISA. With respect to the Plans of the Restricted Entities, no material
Reportable Event or Prohibited Transaction has occurred and exists that could reasonably be expected to cause a Material Adverse Effect. 
 4.14 Taxes. Each Restricted Entity has filed all United States federal, state, and local income tax returns and all other domestic and foreign tax returns, in each case, which are required to be filed by such Person and has paid, or
provided for the payment before the same became delinquent of, all taxes due pursuant to such returns or pursuant to any assessment received by such Person except for tax payments being contested in good faith, for which adequate reserves have been
established and reported in accordance with general accepted accounting principals, and which could not reasonably be expected to cause a Material Adverse Effect. The charges, accruals, and reserves on the books of the Restricted Entities in respect
of taxes are adequate in accordance with generally accepted accounting principles. 
 4.15 Solvency. The Parent Guarantor and each
Borrower is, together with its respective Subsidiaries on a consolidated basis, Solvent. 
 4.16 Perfection, Etc. The Security
Documents create and grant to the Administrative Agent for the benefit of the Banks, together with (i) the filing of appropriate UCC-1 financing statements with the filing offices required under the Security Documents, and (ii) in the case of
certificated equity interests, the possession of certificates representing the equity interests pledged pursuant to the Security Documents (together with blank executed stock powers with respect thereto), a valid, first priority, perfected security
interest in the Collateral, subject (other than in the case of investment property) only to Permitted Liens and, as to perfection, subject to the terms and provisions of the Security Agreement. 
 4.17 True and Complete Disclosure. All factual information furnished by or on behalf of any Credit Party in writing to the Administrative Agent or
any Bank in connection with the Credit Documents and the transactions contemplated thereby was true and accurate in all material respects on the date as of which such information was dated or certified and does not contain any untrue statement of
material fact or omit to state any material fact necessary to make the statements contained therein not misleading. All projections, estimates, and pro forma 

  

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financial information furnished by any Credit Party were prepared on the basis of assumptions, data, information, tests, or conditions believed by a Credit
Party to be reasonable at the time such projections, estimates, and pro forma financial information were furnished, it being understood that projections, estimates and pro forma financial information are not to be viewed as facts and that actual
results during the period covered by such projections, estimates and pro formas may differ materially from projected results. 
 ARTICLE V

 COVENANTS 
 Until
the Administrative Agent and the Banks receive irrevocable payment of the Credit Obligations and this Agreement shall have terminated, the Parent Guarantor shall, and shall cause each Restricted Entity to, comply with the following covenants:

 5.1 Organization. The Parent Guarantor shall, and shall cause the each Restricted Entity to, (a) maintain itself as an entity duly
organized or formed, validly existing, and in good standing under the laws of such Person’s respective jurisdiction of organization, (b) maintain and preserve all requisite governmental licenses, authorizations, consents and approvals necessary
to (i) own its assets and carry on its business and (ii) perform its obligations under the Credit Documents to which such Person is a party and (c) be duly licensed, qualified to do business, and in good standing in each jurisdiction in which such
Person is organized, owns property, or conducts operations and which requires such licensing or qualification except where the failure to maintain and preserve such licenses, authorizations, consents and approvals required by clause (b)(i) or to be
so licensed, qualified, or in good standing as required by this clause (c) could not reasonably be expected to cause a Material Adverse Effect. 
 5.2 Reporting. The Parent Borrower shall furnish to the Administrative Agent all of the following: 
 (a) Annual
Reports. As soon as available and in any event not later than 120 days after the end of each fiscal year of the Parent Borrower, (i) a copy of the annual audit report for such fiscal year for the Parent Borrower and its Subsidiaries, including
therein the consolidated balance sheets of the Parent Borrower and its Subsidiaries as of the end of such fiscal year and the consolidated statements of income or operations, shareholders’ equity and cash flows of the Parent Borrower and its
Subsidiaries for such fiscal year, setting forth the consolidated financial position and results of the Parent Borrower and its Subsidiaries for such fiscal year and certified, without any qualification or limit of the scope of the examination of
matters relevant to the financial statements, by Ernst & Young LLP or any other nationally recognized certified public accounting firm reasonably acceptable to the Administrative Agent, (ii) a copy of the internally prepared unaudited fiscal
year-end report for such fiscal year for the Parent Borrower and its Subsidiaries, and (iii) a completed Compliance Certificate duly certified by a Responsible Officer of the Parent Borrower; 
 (b) Quarterly Reports. As soon as available and in any event not later than 45 days after the end of each fiscal quarter of the Parent Borrower of
each year, and in each case in 

  

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form and substance acceptable to the Administrative Agent, (i) a copy of the internally prepared consolidated financial statements of the Parent Borrower and
its Subsidiaries for such fiscal quarter and for the fiscal year to date period ending on the last day of such fiscal quarter, including therein the consolidated balance sheets of the Parent Borrower and its Subsidiaries as of the end of such fiscal
quarter and the consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for such fiscal year to date period, setting forth the consolidated financial position and results of the Parent
Borrower and its Subsidiaries for such fiscal quarter and fiscal year to date period, all in reasonable detail and duly certified by a Responsible Officer of the Parent Borrower as having been prepared in accordance with generally accepted
accounting principles, including those applicable to interim financial reports which permit normal year end adjustments and do not require complete financial notes, and (ii) a completed Compliance Certificate duly certified by a Responsible Officer
of the Parent Borrower; 
 (c) Monthly Borrowing Base Certificate. As soon as available and in any event not later than 30 days after
the end of each fiscal month, a completed Borrowing Base Certificate duly certified by a Responsible Officer of the Parent Borrower; 
 (d)
Other Monthly Reports. As soon as available and in any event not later than 30 days after the end of each month, (i) an accounts receivable report of the Credit Parties in a form reasonably satisfactory to the Administrative Agent, (ii) a
summary schedule of inventory as of the last Business Day of such month, describing the kind, type, quantity and location of inventory of the Credit Parties and the cost thereof reasonably satisfactory to the Administrative Agent, (iii) a summary
schedule of Eligible Real Property describing the size, location and value of all Eligible Real Property of the Credit Parties and such other information as may be reasonably requested by the Administrative Agent in connection with any Eligible Real
Property, and (iv) such other information as may be reasonably requested by the Administrative Agent; 
 (e) Annual Business Plans and
Forecasts. As soon as available, but in any event within 45 days after the end of each fiscal year of the Parent Borrower, (i) the business plan of the Parent Borrower and its Subsidiaries for the immediately succeeding calendar year and (ii)
updated forecasts prepared by the management of the Parent Borrower as to the Parent Borrower and its Subsidiaries for the term of the Revolving Loan, including balance sheets, income statements and cash flow statements, prepared on an annual basis
for such periods; 
 (f) Reports to Shareholders and other Creditors. Promptly after the same are available, copies of each annual
report, proxy or financial statement sent to the equityholders and other creditors of the Parent Borrower or Subsidiary Borrower; 
 (g)
Defaults. Promptly, but in any event within five Business Days after the discovery thereof by a Responsible Officer of any Restricted Entity, a notice of any facts known to a Responsible Officer of such Restricted Entity which constitute a
Default, together with a statement of a Responsible Officer of the Parent Borrower setting forth the details of such facts and the actions which the Parent Borrower has taken and proposes to take with respect thereto (and the Administrative Agent
shall, promptly upon receipt of a notice pursuant to this Section 5.2(g), forward a copy of such notice to each Bank); 
  

 52 

 (h) Litigation. Promptly, but in any event within 10 Business Days after the commencement thereof,
notice of all actions, suits, and proceedings before any court or Governmental Authority, affecting the Parent Guarantor or any of its Subsidiaries which, if determined adversely, could reasonably be expected to result in a judgment in excess of
$500,000 after the application of any undisputed insurance coverage payable in connection with such claim or cause a Material Adverse Effect; 
 (i) Material Agreement Default. Promptly, but in any event within 10 Business Days after a Responsible Officer of any Restricted Entity obtains knowledge thereof, notice of any breach by the Parent Guarantor or any of its
Subsidiaries of any contract or agreement which breach could reasonably be expected to cause a Material Adverse Effect; 
 (j) Material
Changes. Prompt written notice of any other condition or event of which a Responsible Officer of any Restricted Entity has knowledge, which condition or event has resulted in, or could reasonably be expected to cause a Material Adverse Effect;

 (k) Contingent Liabilities. Prompt written notice of any actual contingent liabilities in amounts greater than $1,000,000;

 (l) Pro Forma Compliance. Promptly, but in any event at least 10 Business Days prior to the incurrence of Debt of the type
described in clause (d) of the definition of “Permitted Debt” in an original principal amount in excess of $15,000,000, a Compliance Certificate demonstrating the Parent Borrower and its Subsidiaries’ compliance on a pro forma basis
with the financial covenants set forth in Section 5.5 after giving effect to such Debt incurrence; and 
 (m) Other
Information. Such other information respecting the business, operations, or property of the Parent Guarantor or any of its Subsidiaries, financial or otherwise, as the Administrative Agent may from time to time reasonably request. 
 The Borrowers and the Parent Guarantor hereby acknowledge that (a) the Administrative Agent and/or the Arranger will make available to the Banks and the Issuing Bank
materials and/or information provided by or on behalf of the Borrowers and the Parent Guarantor hereunder (collectively, “Materials”) by posting the Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Banks may be “public-side” Banks (i.e., Banks that do not wish to receive material non-public information with respect to the Parent Guarantor, the Borrower, or their securities) (each, a
“Public Bank”). The Borrowers and the Parent Guarantor hereby agree that (w) all Materials that are to be made available to Public Banks shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean
that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Materials “PUBLIC,” the Borrowers and the Parent Guarantor shall be deemed to have authorized the Administrative Agent, the Joint Lead
Arrangers, the Issuing Bank and the Banks to treat such Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to the Parent Guarantor, the Borrowers, or their
securities for purposes of United States Federal and state securities laws; (y) all Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated 

  

 53 

 
“Public Investor;” and (z) the Administrative Agent and the Joint Lead Arrangers shall be entitled to treat any Materials that are not marked
“PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.” 
 5.3
Inspection. The Parent Guarantor shall, and shall cause each of Restricted Entity to, permit the Administrative Agent and, at any time an Event of Default shall have occurred and be continuing, the Banks, to visit and inspect any of the
properties of such Person, to examine all of such Person’s books of account, records, reports, and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances, and accounts with their respective
officers, employees, and independent public accountants all at such reasonable times and as often as reasonably requested; provided that except during the continuation of an Event of Default, such visits and inspections shall not occur more than
once in any calendar year, and provided further that the Parent Guarantor is given at least three Business Days’ advance notice thereof and reasonable opportunity to be present when independent public accountants or other third parties are
contacted. 
 5.4 Use of Proceeds. The proceeds of the Revolving Loan Borrowings shall be used by the Borrowers (a) to finance in part
the Susser Acquisition, (b) to pay costs, fees and expenses related to the Susser Acquisition in an aggregate amount not to exceed $1,000,000, (c) to refinance the Existing Credit Agreement and (d) for working capital purposes, capital expenditures,
and for other lawful corporate purposes. The Borrowers shall not, directly or indirectly, use any part of such proceeds for any purpose which violates, or is inconsistent with, Regulations T, U, or X of the Board of Governors of the Federal Reserve
System. 
 5.5 Financial Covenants. 
 (a) Maximum Consolidated Rent Adjusted Leverage Ratio. As of the last day of any fiscal quarter of the Parent Borrower, the Parent Borrower shall not permit the Consolidated Rent Adjusted Leverage Ratio for the four
fiscal quarters then most recently ended to be greater than the following amounts for each of the following corresponding periods: 
  

			
	 Period
	  	Ratio
	Each fiscal quarter ending after the Closing Date, through and including the fiscal quarter ending on or about December 31, 2006	  	6.50 to 1.00
		
	From the fiscal quarter ending on or about March 31, 2007, through and including the fiscal quarter ending on or about December 31, 2007	  	6.25 to 1.00
		
	Thereafter	  	6.00 to 1.00

 For the fiscal quarters ending on or about December 31, 2005, March 31, 2006, June 30, 2006, September 30, 2006
only, for purposes of calculating the Consolidated Rent Adjusted Leverage Ratio, the Consolidated EBITDAR of the Parent Borrower for the applicable periods shall be included on a proforma basis in determining the Consolidated EBITDAR for such
periods in the 

  

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respective amounts set forth on Schedule 5.5. In addition, and without duplication, the Consolidated EBITDAR for the applicable period shall be
adjusted to reflect the effects of Acquisitions and sale-leaseback transactions consummated during such period as provided below. 
 For
purposes of this Section 5.5(a) and Section 5.5(b) below, whether or not an Acquisition is treated as a pooling transaction, the financial results of the acquired Person or assets shall be added to the applicable financial results of
the Parent Borrower in the same manner as if such transaction were a pooling transaction with such adjustments thereto as are required to reflect nonrecurring items (both positive and negative) as are approved by the Administrative Agent. With
respect to any (1) Acquisition or (2) sale-leaseback transaction (or series of related transactions) involving aggregate consideration in excess of $5,000,000, the Parent Borrower shall deliver to the Administrative Agent (promptly, but in any event
at least 10 Business Days prior to the closing of such Acquisition or sale-leaseback transaction), (i) in the case of an Acquisition, the financial reports of the acquired Person or assets, which reports must be (A) audited or reviewed financial
reports prepared by an independent certified public accounting firm, or (B) otherwise approved by the Administrative Agent and (ii) in either case, a Compliance Certificate demonstrating the following: 
 (A) the computation of the financial covenants in Sections 5.5(a) and (b) of this Agreement without any adjustments for such Acquisition or
sale-leaseback transaction; 
 (B) a schedule of any adjustments to the financial covenants as so computed that are requested by the Parent
Borrower to reflect the financial results of such Acquisition or sale-leaseback transaction, prepared in accordance with the pro forma financial statement guidelines established by the Securities and Exchange Commission for acquisition accounting
for reported acquisitions by public companies or as approved by the Administrative Agent and otherwise in a form acceptable to the Administrative Agent; and 
 (C) the computation of the financial covenants in Sections 5.5(a) and (b) of this Agreement on a pro forma basis and based upon the foregoing adjustments, in a form reasonably acceptable to the
Administrative Agent and demonstrating pro forma compliance with such financial covenants. 
 (b) Minimum Consolidated Fixed Charge
Coverage Ratio. As of the last day of any fiscal quarter of the Parent Borrower, the Parent Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio for the four fiscal quarters then most recently ended to be less than the
following amounts for each of the following corresponding periods: 
  

			
	 Period
	  	Ratio
	Each fiscal quarter ending after the Closing Date, through and including the fiscal quarter ending on or about December 31, 2006	  	1.15 to 1.00

  

 55 

			
	 Period
	  	Ratio
	From the fiscal quarter ending on or about March 31, 2007, through and including the fiscal quarter ending on or about December 31, 2007	  	1.20 to 1.00
		
	Thereafter	  	1.25 to 1.00

 For the fiscal quarters ending on or about December 31, 2005, March 31, 2006, June 30, 2006, September 30, 2006
only, for purposes of calculating the Consolidated Fixed Charge Coverage Ratio, the Consolidated EBITDAR of the Parent Borrower for the applicable periods shall be included on a proforma basis in determining the Consolidated EBITDAR for such periods
in the respective amounts set forth on Schedule 5.5. In addition, and without duplication, the Consolidated EBITDAR for the applicable period shall be adjusted to reflect the effects of Acquisitions and sale-leaseback transactions consummated
during such period as provided above. 
 5.6 Restricted Payments. The Parent Guarantor and the Borrowers shall not, and shall not
permit any of its Subsidiaries to, make any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 
 (a) each Subsidiary of the Parent Borrower may make Restricted Payments to the Parent Borrower and to wholly owned Subsidiaries of the Parent Borrower (and, in the case of a Restricted Payment by a non wholly owned Subsidiary, to the Parent
Borrower and any Subsidiary and to each other owner of capital stock or other equity interests of such Subsidiary on a pro rata basis based on their relative ownership interests; 
 (b) the Parent Guarantor and each of its Subsidiaries may declare and make dividend payments or other distributions payable solely in the common stock or
other common equity interests of such Person; 
 (c) the Parent Guarantor and the Parent Borrower may declare and make Tax Distributions; and

 (d) the Parent Guarantor and each Subsidiary thereof may purchase, redeem or otherwise acquire shares of its common stock or other common
equity interests or warrants or options to acquire any such shares with the proceeds received from the substantially concurrent issue of new shares of its common stock or other common equity interests. 
 5.7 Capital Expenditures. The Parent Guarantor shall not permit the consolidated Capital Expenditures of the Parent Guarantor and its Subsidiaries
during any fiscal year, to the extent not paid for by the (a) incurrence of Permitted Debt which does not have any stated maturity before the fifth anniversary of its incurrence and which does not have a scheduled principal amortization exceeding
10% of the original principal amount thereof for any year prior to its stated maturity or (b) the proceeds of sale-leaseback transactions permitted hereunder, to exceed the Consolidated EBITDA of the Parent Borrower and its Subsidiaries for the
fiscal year 

  

 56 

 
then most recently ended as of the applicable date of determination plus the aggregate of any such amounts in an amount not to exceed $5,000,000 not expended
in the immediately prior fiscal year. 
 5.8 Debt. 
 (a) The Parent Guarantor shall not, and shall not permit any Restricted Entity to, create, assume, incur, suffer to exist, or in any manner become liable, directly, indirectly, or contingently in respect of, any Debt
other than Permitted Debt; or 
 (b) The Parent Guarantor shall not, and shall not permit any of Restricted Entity to, prepay, redeem,
purchase, defease or otherwise satisfy or make an unscheduled payment, in each case, prior to the scheduled maturity thereof in any manner (whether directly or indirectly) of any Debt (other than the Credit Obligations) if at the time of such
prepayment an Event of Default exists or would result therefrom. 
 5.9 Liens. The Parent Guarantor shall not, and shall not permit
any Credit Party to create assume, incur, or suffer to exist any Lien on any of its property which constitutes Collateral under the Security Documents or is Eligible Real Property whether now owned or hereafter acquired, except for Permitted Liens.

 5.10 Corporate Transactions. The Parent Guarantor shall not and shall not permit any Restricted Entity to, without the required
Banks consent in accordance with Section 8.3, (a) merge, consolidate, or amalgamate with another Person, or liquidate, wind up, or dissolve itself (or take any action towards any of the foregoing), (b) convey, sell, lease, sell and leaseback,
assign, transfer, or otherwise dispose of any of material property, businesses, or other assets outside of the ordinary course of business, or (c) make any Acquisition, provided however that: 
 (a) any such Person may make Permitted Dispositions and Permitted Investments; and 
 (b) any such Person may make any Acquisition (howsoever structured) provided that with respect to any Acquisition (i) such Person is the acquiring or
surviving entity (or the surviving entity becomes a Subsidiary of the Parent Borrower in the transaction); provided that with respect to any Acquisition involving any Borrower or the Parent Guarantor, the applicable Borrower or the Parent Guarantor
shall be the surviving entity, (ii) the aggregate amount of consideration paid or incurred during any period of four consecutive fiscal quarters by the Parent Guarantor and its Subsidiaries in connection with all Acquisitions during such period does
not exceed the Consolidated EBITDA of the Parent Borrower and its Subsidiaries for the four fiscal quarters then most recently ended as of the applicable date of determination, (iv) no Default or Event of Default exists or would result therefrom,
and the Parent Borrower and its Subsidiaries shall be in compliance with Section 5.5 calculated on a pro forma basis after giving effect to the Acquisition, (v) the acquired assets are in substantially the same or similar or complimentary
business as the Parent Guarantor or any of its Subsidiaries, (vi) the board of directors or similar governing body of the acquired Person has approved such Acquisition, 

  

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(vii) such Person provides written notice to the Administrative Agent of such Acquisition at least 10 Business Days prior to the closing of such Acquisition,
including therewith the Compliance Certificate and financial information required by Section 5.5(a), and (viii) such Person provides the Administrative Agent with a copy of the applicable purchase agreement, fully executed, promptly following
the closing of such Acquisition. 
 5.11 Transactions with Affiliates. The Parent Guarantor shall not, and shall not permit any
Restricted Entity to, enter into any transaction directly or indirectly with or for the benefit of an Affiliate except (a) transactions with an Affiliate in the ordinary course of business and on fair and reasonable terms substantially as favorable
to the Parent Guarantor or such Subsidiary as would be obtainable by the Parent Guarantor or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate, (b) transactions among Credit Parties, (c)
payment of fees and reimbursement of expenses contemplated by the Management Services Agreement (as in effect on the Closing Date), (d) transaction listed on Schedule 5.11 and (e) transactions permitted under Section 5.6. 

5.12 Insurance. 
 (a) The Parent
Guarantor shall, and shall cause each Restricted Entity to, maintain insurance with responsible and reputable insurance companies or associations reasonably acceptable to the Administrative Agent in such amounts and covering such risks as are
usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which such Persons operate. The Parent Guarantor shall deliver to the Administrative Agent certificates evidencing such policies or
copies of such policies at the Administrative Agent’s request following a reasonable period to obtain such certificates taking into account the jurisdiction where the insurance is maintained. 
 (b) All policies representing liability insurance of the Restricted Entities shall name the Administrative Agent (on behalf of the Banks) as additional
named insureds in a form reasonably satisfactory to the Administrative Agent. All policies representing casualty insurance of the Credit Parties insuring Collateral shall name the Administrative Agent as loss payee in a form reasonably satisfactory
to the Administrative Agent. All proceeds of such liability insurance coverage for the Administrative Agent and the Banks shall be paid as directed by the Administrative Agent to indemnify the Administrative Agent or the applicable Bank for the
liability covered. All proceeds of such casualty insurance coverage relating to Collateral shall be paid as directed by the Administrative Agent during the continuation of an Event of Default. In the event that proceeds of property or liability
insurance are paid to the Parent Guarantor or any of its Subsidiaries in violation of the foregoing, such Person shall hold the proceeds in trust for the Administrative Agent, segregate the proceeds from the other funds of such Person, and promptly
pay the proceeds to the Administrative Agent with any necessary endorsement. The Administrative Agent shall have the right, but not the obligation, during the existence of an Event of Default, to make proof of loss under, settle and adjust any claim
under, and receive the proceeds under the insurance, and the reasonable expenses incurred by the Administrative Agent in the adjustment and collection of such proceeds shall be paid by the Borrowers. The Borrowers irrevocably appoint the
Administrative Agent as their attorney in fact to take such actions in their names. If the Administrative Agent does not take such actions within a 

  

 58 

 
reasonable time period so as to not materially prejudice or otherwise materially jeopardize the right to take such action, the Parent Guarantor may take such
actions subject to the approval of any final action by the Administrative Agent. The Administrative Agent shall not be liable or responsible for failure to collect or exercise diligence in the collection of any proceeds. 
 5.13 Investments. The Parent Guarantor shall not, and shall not permit any Restricted Entity to, make or hold any direct or indirect investment in
any Person, including capital contributions to the Person, investments in the debt or equity securities of the Person, and loans, guaranties, trade credit, or other extensions of credit to the Person, except for Permitted Investments. 
 5.14 Lines of Business. The Parent Guarantor shall not, and shall not permit any Restricted Entity to, change the character of their business as
conducted on the date of this Agreement, or engage in any type of business not reasonably related or complimentary to such business as presently and normally conducted. 
 5.15 Compliance with Laws. The Parent Guarantor shall, and shall cause each Restricted Entity to, comply with all federal, state, and local laws and regulations which are applicable to the operations and
property of such Persons, in each case, except where the failure to comply could not reasonably be expected to cause a Material Adverse Effect. 
 5.16 Environmental Compliance. The Parent Guarantor shall, and shall cause each Restricted Entity to, comply with all Environmental Laws and obtain and comply with all Environmental Permits necessary for the ownership and operation
of any such Person’s properties, in each case, except where the failure to comply or to obtain such Environmental Permits could not reasonably be expected to cause a Material Adverse Effect. The Parent Guarantor shall, and shall cause each of
its Subsidiaries to, promptly disclose to the Administrative Agent any notice to or investigation with respect to which any Restricted Entity has received written notice for any violation or alleged violation of any Environmental Law, Environmental
Permit or Environmental Liability in connection with any such Person’s presently or previously owned properties except for matters which could not reasonably be expected to cause a Material Adverse Effect. The Parent Guarantor shall not, and
shall not permit any of its Subsidiaries to, create, handle, transport, use, or dispose of any Hazardous Materials on or about any such Person’s properties; release any Hazardous Materials into the environment in connection with any such
Person’s operations or contaminate any properties with Hazardous Materials; or own properties contaminated by any Hazardous Materials, in each case in violation of Environmental Laws or Environmental Permits or giving rise to Environmental
Liability except for such matters which could not reasonably be expected to cause a Material Adverse Effect. 
 5.17 ERISA Compliance.
The Parent Guarantor shall, and shall cause each Restricted Entity to, (i) comply in all material respects with all applicable provisions of ERISA and prevent the occurrence of any Reportable Event or Prohibited Transaction with respect to, or the
termination of, any of their respective Plans, in each case, except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect and (ii) not create or participate in any employee pension benefit plan covered by
Title IV of ERISA or any multiemployer plan under Section 4001(a)(3) of ERISA. 
  

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 5.18 Payment of Certain Claims. The Parent Guarantor shall, and shall cause each Restricted Entity
to, pay and discharge, before the same shall become delinquent, all taxes, assessments, levies, and like charges imposed upon any such Person or upon any such Person’s income, profits, or property by authorities having competent jurisdiction
prior to the date on which penalties attach thereto except for tax payments being contested in good faith for which adequate reserves have been established and reported in accordance with generally accepted accounting principals which could not
reasonably be expected to cause a Material Adverse Effect. 
 5.19 Subsidiaries. The Parent Guarantor shall not, and shall not permit
any Restricted Entity to, create any new Subsidiary unless, upon the formation or acquisition of any new Subsidiary, the Parent Guarantor shall cause such Subsidiary to promptly execute and deliver to the Administrative Agent such guaranties,
security agreements, amendment agreements, consents, and other documents and agreements as the Administrative Agent reasonably requests so that such Subsidiary guarantees and secures the Credit Obligations on the same terms as the existing
Subsidiaries of the Parent Guarantor that are Credit Parties, including (a) the execution and delivery of a Joinder Agreement in substantially the form of Exhibit H for the purpose of joining such Subsidiary as a party to the Security
Agreement, or (b) with regard to Subsidiaries organized under the laws of foreign jurisdictions, the execution of such new guaranties, pledge agreements, security agreements, and consents as the Administrative Agent reasonably determines are
necessary to have the same effect in such jurisdictions. In connection therewith, the Parent Guarantor shall provide corporate documentation and, if requested by the Administrative Agent, opinion letters, reasonably satisfactory to the
Administrative Agent reflecting the corporate or other organizational status of such new Subsidiary of the Parent Guarantor and the enforceability of such agreements. 
 5.20 Amendment of Organizational Documents. The Parent Guarantor shall not, and shall not permit any of Restricted Entity to, amend any of its organizational documents other than any such amendment (a) made
solely in connection with a transaction that is otherwise permitted under this Agreement or (b) that would not reasonably be expected to materially and adversely affect the applicable Person or the rights and benefits of the Administrative Agent and
the Banks under the Credit Documents. 
 5.21 Accounting Changes. The Parent Guarantor shall not, and shall not permit any Restricted
Entity to, make any change in (a) accounting policies or reporting practices, except (i) as required or permitted by generally accepted accounting principles as in effect from time to time or (ii) as the Parent Guarantor reasonably deems necessary
to comply with any Law, or (b) its fiscal year. 
 5.22 Books and Records. The Parent Guarantor shall, and shall cause each Restricted
Entity to, (a) maintain proper books of record and account, in which full, true and correct entries in conformity with generally accepted accounting principles consistently applied shall be made of all financial transactions and matters involving
the assets and business of the Parent Guarantor 

  

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or such Subsidiary, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any
governmental authority having regulatory jurisdiction over the Parent Guarantor or such Subsidiary, as the case may be. 
 5.23 Amendment,
Etc., of Material Contracts. The Parent Guarantor shall not, and shall not permit any Restricted Entity to, cancel or terminate any agreement governing material indebtedness of such Person or other material contract, or consent to or accept any
cancellation or termination thereof, amend, modify or change in any manner any term or condition of any agreement governing material indebtedness of such Person or other material contract or give any consent, waiver or approval thereunder, waive any
default under or any breach of any term or condition of any agreement governing material indebtedness of such Person or other material contract, or take any other action in connection with any material contract, except in each case described in this
Section 5.24 as would not reasonably be expected to result in a Material Adverse Effect. 
 5.24 Partnerships, Etc. The Parent
Guarantor shall not, and shall not permit any Restricted Entity to, become a general partner in any general or limited partnership, other than any such interest in any Subsidiary of which the Parent Guarantor owns, directly or indirectly, at least
100% of the equity interests thereof. 
 5.25 Restrictive Agreements. The Parent Guarantor shall not, and shall not permit any
Restricted Entity to, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Parent Guarantor or any Restricted Entity to create, incur or permit to
exist any Lien upon any of its accounts receivable, inventory or equity interests in favor of the Administrative Agent or the Banks, or (b) the ability of any Subsidiary of the Parent Borrower to pay dividends or other distributions with respect to
any shares of its capital stock or to make or repay loans or advances to the Parent Borrower and/or the Subsidiary Borrower, as applicable; provided, that the foregoing shall not apply to restrictions and conditions imposed by law or
by any Credit Document. 
 ARTICLE VI 
 DEFAULT AND REMEDIES 
 6.1 Events of Default. Each of the following shall be an “Event of
Default” for the purposes of this Agreement and for each of the Credit Documents: 
 (a) Payment Failure. Any Borrower (i) fails
to pay when due any principal amounts due from such Borrower under this Agreement or any other Credit Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due from such Borrower under this
Agreement or any other Credit Document and such failure has not been cured within five Business Days; 
 (b) False Representation. Any
written representation or warranty made by any Credit Party or any Responsible Officer thereof in this Agreement or in any other Credit Document proves to have been false or erroneous in any material respect at the time it was made or deemed made;

  

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 (c) Breach of Covenant. Any breach by any Credit Party of any covenants contained in this
Agreement or any other Credit Document and such breach is not cured within 10 days following the earlier of knowledge of such breach by a Responsible Officer of such Credit Party or the receipt by a Borrower of written notice thereof from the
Administrative Agent; 
 (d) Security Documents. Any Security Document shall at any time and for any reason (other than one within the
reasonable control of the Administrative Agent, the Issuing Bank, a Joint Lead Arranger or any Bank) cease to create the Lien on any material portion of the property purported to be subject to such agreement in accordance with the terms of such
agreement, or cease to be in full force and effect, or shall be contested by any Credit Party; 
 (e) Guaranties. Any Guaranty shall
at any time and for any reason cease to be in full force and effect with respect to the applicable Guarantor or shall be contested by such Guarantor, or such Guarantor shall deny it has any further liability or obligation thereunder; 
 (f) Material Debt Default. (i) Any principal, interest, fees, or other amounts due on any Debt of any Restricted Entity (other than the Credit
Obligations) is not paid when due, whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise, and such failure is not cured within the applicable grace period, if any, and the aggregate amount of all Debt of such Persons
so in default exceeds $2,000,000; (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to any Debt of any such Person (other than the Credit Obligations) the effect of which is to accelerate or to
permit the acceleration of the maturity of any such Debt, whether or not any such Debt is actually accelerated, and such event or condition shall not be cured within the applicable grace period, if any, and the aggregate amount of all Debt of such
Persons so in default exceeds $2,000,000; or (iii) any Debt of any such Person shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled prepayment) prior to the stated maturity thereof, and the
aggregate amount of all Debt of such Persons so accelerated exceeds $2,000,000; 
 (g) Material Agreement Default. There shall occur
any breach by any Restricted Entity of (i) the Distribution Service Agreement dated as of August 21, 1997, as amended, with McLane Company, Inc., (ii) the Distribution Franchising Agreement dated as of January 2, 1993, as amended, with CITGO
Petroleum Corporation, (iii) the Chevron Branded Jobber Petroleum Products Agreement dated as of March 15, 2005, or (iv) any restatements or replacements of any of the foregoing, including any subsequent agreements with different suppliers for
comparable quantities of the applicable products, which breach could reasonably be expected to cause a Material Adverse Effect and such breach is not cured within the applicable grace period, if any; 
 (h) Bankruptcy and Insolvency. (i) There shall have been filed against any Restricted Entity or any such Person’s properties, without such
Person’s consent, any petition or other request for relief seeking an arrangement, receivership, reorganization, liquidation, or 

  

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similar relief under bankruptcy or other laws for the relief of debtors and such request for relief (A) remains in effect for 60 or more days, whether or not
consecutive, or (B) is approved by a final nonappealable order, or (ii) any such Person consents to or files any petition or other request for relief of the type described in clause (i) above seeking relief from creditors, makes any assignment for
the benefit of creditors or other arrangement with creditors, or admits in writing such Person’s inability to pay such Person’s debts as they become due (the occurrence of any Event of Default under clause (i) or (ii) of this paragraph
being a “Bankruptcy Event of Default”); 
 (i) Adverse Judgment. The aggregate outstanding amount of judgments
against the Restricted Entities not discharged or stayed pending appeal or other court action within 30 days following entry is greater than $2,000,000; 
 (j) Change of Control. There shall occur any Change of Control; or 
 (k) ERISA. (i) An ERISA
Event occurs with respect to a pension Plan or multiemployer Plan which has resulted or could reasonably be expected to result in liability of any Restricted Entity under Title IV of ERISA to the pension Plan, multiemployer Plan or the PBGC in an
aggregate amount which would reasonably be expected to result in a Material Adverse Effect, or (ii) any Restricted Entity or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with
respect to its withdrawal liability under Section 4201 of ERISA under a multiemployer Plan in an aggregate which would reasonably be expected to result in a Material Adverse Effect. 
 6.2 Termination of Revolving Loan Commitments. Upon the occurrence of any Bankruptcy Event of Default, all of the commitments of the
Administrative Agent and the Banks hereunder shall terminate. During the existence of any Event of Default other than a Bankruptcy Event of Default, the Administrative Agent shall at the request of the Majority Banks declare by written notice to the
Borrower all of the commitments of the Administrative Agent and the Banks hereunder terminated, whereupon the same shall immediately terminate. 
 6.3 Acceleration of Credit Obligations. Upon the occurrence of any Bankruptcy Event of Default, the aggregate outstanding principal amount of all loans made hereunder, all accrued interest thereon, and all other Credit Obligations
(excluding obligations arising under any Hedge Agreement, the terms of which shall govern acceleration thereof) shall immediately and automatically become due and payable. During the existence of any Event of Default other than a Bankruptcy Event of
Default, the Administrative Agent shall at the request of the Majority Banks declare by written notice to the Borrower the aggregate outstanding principal amount of all loans made hereunder, all accrued interest thereon, and all other Credit
Obligations (excluding obligations arising under any Hedge Agreement, the terms of which shall govern acceleration thereof) to be immediately due and payable, whereupon the same shall immediately become due and payable. In connection with the
foregoing, except for the notice provided for above in this Article 6, each Borrower waives notice of any Default or Event of Default, grace, notice of intent to accelerate, notice of acceleration, presentment, demand, notice of nonpayment,
protest, and all other notices. 
  

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 6.4 Cash Collateralization of Letters of Credit. Upon the occurrence of any Bankruptcy Event of
Default, the Borrowers shall pay to the Administrative Agent an amount equal to the Letter of Credit Exposure to be held in the Letter of Credit Collateral Account for disposition in accordance with Section 2.3(g). During the existence of any
Event of Default other than a Bankruptcy Event of Default, the Administrative Agent shall at the request of the Majority Banks require by written notice to the Borrowers that the Borrowers pay to the Administrative Agent an amount equal to the
Letter of Credit Exposure to be held in the Letter of Credit Collateral Account for disposition in accordance with Section 2.3(g), whereupon the Borrowers shall pay to the Administrative Agent such amount for such purpose. 
 6.5 Default Interest. If any Event of Default exists based upon a default in the payment of any amounts owing hereunder, the Administrative Agent
shall at the request of the Majority Banks declare by written notice to the Borrowers that the Credit Obligations specified in such notice shall bear interest beginning on the date specified in such notice (which date shall not be earlier than the
date upon which such Event of Default occurred) until paid in full at the applicable Default Rate for such Credit Obligations, whereupon the Borrowers shall pay such interest to the Administrative Agent for the benefit of the Administrative Agent
and the Banks, as applicable, upon demand by the Administrative Agent. If any other Event of Default exists, the Administrative Agent shall at the request of the Majority Banks declare by written notice to the Borrowers that, unless such Event of
Default is cured to the satisfaction of the Administrative Agent and the Majority Banks on or before the 30th day following the occurrence of such Event of Default, the Credit Obligations specified in such notice shall bear interest beginning on
such 30th day until paid in full at the applicable Default Rate for such Credit Obligations, whereupon the Borrowers shall, if such Event of Default is not cured by such date, pay such interest to the Administrative Agent for the benefit of the
Administrative Agent and the Banks, as applicable, upon demand by the Administrative Agent after such date. 
 6.6 Right of Setoff.
During the existence of an Event of Default, the Administrative Agent and each Bank is hereby authorized at any time, to the fullest extent permitted by law, to set off and apply any indebtedness owed by the Administrative Agent or such Bank to any
Borrower against any and all of the obligations of the Borrowers under this Agreement and the other Credit Documents, irrespective of whether or not the Administrative Agent or such Bank shall have made any demand under this Agreement or the other
Credit Documents and although such obligations may be contingent and unmatured. The Administrative Agent and each Bank, as the case may be, agrees promptly to notify the Borrowers after any such setoff and application made by such party provided
that the failure to give such notice shall not affect the validity of such setoff and application. 
 6.7 Actions Under Credit
Documents. During the continuance of an Event of Default, the Administrative Agent shall at the request of the Majority Banks take any and all actions permitted under the other Credit Documents, including the Guaranties and the Security
Documents. 
 6.8 Remedies Cumulative. No right, power, or remedy conferred to the Administrative Agent or the Banks in this Agreement
and the Credit Documents, or now or hereafter existing at law, in equity, by statute, or otherwise, shall be exclusive, and each such 

  

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right, power, or remedy shall to the full extent permitted by law be cumulative and in addition to every other such right, power, or remedy. No course of
dealing and no delay in exercising any right, power, or remedy conferred to the Administrative Agent or the Banks in this Agreement and the Credit Documents, or now or hereafter existing at law, in equity, by statute, or otherwise, shall operate as
a waiver of or otherwise prejudice any such right, power, or remedy. 
 6.9 Application of Payments. Prior to the Revolving Loan
Maturity Date or any acceleration of the Credit Obligations, all payments made hereunder shall be applied to the Credit Obligations as directed by the applicable Borrower, subject to the rules regarding the application of payments to certain Credit
Obligations provided for hereunder and in the Credit Documents. Following the Revolving Loan Maturity Date or any acceleration of the Credit Obligations, all payments and collections shall be applied to the Credit Obligations in the following order:

 First, to the payment of the fees, costs, expenses (including reasonable attorneys’ fees), reimbursements (other than reimbursement
obligations with respect to draws under Letters of Credit), and indemnifications of the Administrative Agent that are due and payable under the Credit Documents; 
 Second, ratably to the payment of the fees, costs, expenses (including reasonable attorney’s fees), reimbursements (other than reimbursement obligations with respect to draws under Letters of Credit), and
indemnifications of the Banks that are due and payable under the Credit Documents; 
 Third, to payment of that portion of the Credit
Obligations constituting accrued and unpaid interest on the Revolving Loan and any Letter of Credit Borrowing, ratably among the Banks in proportion to the respective amounts described in this clause Third payable to them; 
 Fourth, to payment of that portion of the Credit Obligations constituting unpaid principal of the Revolving Loan and any Letter of Credit Borrowing and
reimbursement obligations for draws under Letters of Credit due and payable under the Credit Documents, ratably among the Banks in proportion to the respective amounts described in this clause Fourth held by them; 
 Fifth to the Administrative Agent for the account of the Issuing Bank, as cash collateral for that portion of the Credit Obligations comprised of
reimbursement obligations with respect to undrawn Letters of Credit, in an amount equal to 105% of the aggregate undrawn amount of all outstanding Letters of Credit; 
 Sixth, to payment of Credit Obligations with respect to Hedge Agreements and Treasury Management Agreements, ratably among the applicable Banks or Affiliates of the Banks in proportion to the respective amounts
described in this clause Sixth held by them; 
  

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 Seventh, to the payment of any other amounts due and owing with respect to the Credit Obligations,
ratably to the Persons to whom such amounts are owing, ratably among such Persons in proportion to the respective amounts described in this clause Seventh held by them; and 
 Last, the balance, if any, after all of the Credit Obligations have been indefeasibly paid in full (other than indemnification obligations and other
similar contingent obligations that survive the termination of the Revolving Loan Commitments and that are not yet due and payable at such time), to the Borrowers as the Borrowers may direct or as otherwise required by law. 
 ARTICLE VII 
 THE ADMINISTRATIVE
AGENT AND THE ISSUING BANK 
 7.1 Authorization and Action. Each Bank hereby appoints and authorizes the Administrative Agent to
take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent by the terms hereof and of the other Credit Documents, together with such powers as are reasonably incidental
thereto. Statements under the Credit Documents that the Administrative Agent may take certain actions, without further qualification, means that the Administrative Agent may take such actions with or without the consent of the Banks or the Majority
Banks, but where the Credit Documents expressly require the determination of the Banks or the Majority Banks, the Administrative Agent shall not take any such action without the prior written consent thereof. As to any matters not expressly provided
for by this Agreement or any other Credit Document (including, without limitation, enforcement or collection of the Revolving Loan Notes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be
required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Majority Banks, and such instructions shall be binding upon all Banks and all holders of Revolving
Loan Notes; provided, however, that the Administrative Agent shall not be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to this Agreement, any other Credit Document, or applicable law.

 7.2 Reliance, Etc. Neither the Administrative Agent, the Issuing Bank, nor any of their respective Related Parties (for the
purposes of this Section 7.2, collectively, the “Indemnified Parties”) shall be liable for any action taken or omitted to be taken by any Indemnified Party under or in connection with this Agreement or the other Credit
Documents, INCLUDING ANY INDEMNIFIED PARTY’S OWN NEGLIGENCE, except for any Indemnified Party’s gross negligence or willful misconduct. Without limitation of the generality of the foregoing, the Administrative Agent and the Issuing Bank:
(a) may treat the payee of any Revolving Loan Note as the holder thereof until the Administrative Agent receives written notice of the assignment or transfer thereof signed by such payee and in form satisfactory to the Administrative Agent; (b) may
consult with legal counsel (including counsel for the Borrowers), independent public accountants, and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice
of such 

  

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counsel, accountants, or experts; (c) makes no warranty or representation to any Bank and shall not be responsible to any Bank for any statements,
warranties, or representations made in or in connection with this Agreement or the other Credit Documents; (d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants, or conditions of
this Agreement or any other Credit Document on the part of the Credit Parties or to inspect the property (including the books and records) of the Credit Parties; (e) shall not be responsible to any Bank for the due execution, legality, validity,
enforceability, genuineness, sufficiency, or value of this Agreement or any other Credit Document; and (f) shall incur no liability under or in respect of this Agreement or any other Credit Document by acting upon any notice, consent, certificate,
or other instrument or writing (which may be by telecopier or telex) reasonably believed by it to be genuine and signed or sent by the proper party or parties. 
 7.3 Affiliates. With respect to its Revolving Loan Commitments, the Revolving Loan Advances made by it, the Swing Line Loan made by it, its interests in the Letters of Credit, and the Revolving Loan Notes
issued to it, the Administrative Agent, the Swing Line Lender, and the Issuing Bank shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not the Administrative Agent. The term
“Bank” or “Banks” shall, unless otherwise expressly indicated, include the Administrative Agent, the Swing Line Lender and the Issuing Bank in their individual capacity. The Administrative Agent, the Swing Line
Lender, the Issuing Bank, and their respective Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, any Restricted Entity, and any Person who may do business with
or own securities of any Restricted Entity, all as if the Administrative Agent were not an agent hereunder, the Swing Line Lender were not the Swing Line Lender hereunder, and the Issuing Bank were not the issuer of Letters of Credit hereunder and
without any duty to account therefor to the Banks. 
 7.4 Bank Credit Decision. Each Bank acknowledges that it has, independently and
without reliance upon the Administrative Agent or any other Bank and based on the Financial Statements, and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Bank also acknowledges that it shall, independently and without reliance upon the Administrative Agent or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under this Agreement. 
 7.5 Expenses. To the extent not paid by the Borrowers, each Bank
severally agrees to pay to the Administrative Agent and the Issuing Bank on demand such Bank’s ratable share of the following: (a) all reasonable out-of-pocket costs and expenses of the Administrative Agent and the Issuing Bank in connection
with the administration, modification, and amendment of this Agreement and the other Credit Documents, including the reasonable fees and expenses of outside counsel for the Administrative Agent and the Issuing Bank with respect to advising the
Administrative Agent and the Issuing Bank as to their respective rights and responsibilities under this Agreement and the Credit Documents, and (b) all out-of-pocket costs and expenses of the Administrative Agent and the Issuing Bank in connection
with the preservation or enforcement of the rights of the Administrative Agent, the Issuing Bank, and the Banks under this Agreement and the other Credit Documents, whether through negotiations, legal proceedings, or otherwise, including fees and
expenses of counsel for the Administrative Agent and the Issuing Bank. The 

  

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provisions of this paragraph shall survive the repayment and termination of the credit provided for under this Agreement and any purported termination of
this Agreement which does not expressly refer to this paragraph. 
 7.6 Indemnification. To the extent not reimbursed by the
Borrowers, each Bank severally agrees to protect, defend, indemnify, and hold harmless the Administrative Agent, the Issuing Bank, and each of their respective Related Parties (for the purposes of this Section 7.6, collectively, the
“Indemnified Parties”), from and against all demands, claims, actions, suits, damages, judgments, fines, penalties, liabilities, and out-of-pocket costs and expenses, including reasonable costs of attorneys and related costs of
experts such as accountants (collectively, the “Indemnified Liabilities”), actually incurred by any Indemnified Party which are related to any litigation or proceeding relating to this Agreement, the Credit Documents, or the
transactions contemplated thereunder, INCLUDING ANY INDEMNIFIED LIABILITIES CAUSED BY ANY INDEMNIFIED PARTY’S OWN NEGLIGENCE, but not Indemnified Liabilities which are a result of any Indemnified Party’s gross negligence or willful
misconduct. The provisions of this paragraph shall survive the repayment and termination of the credit provided for under this Agreement and any purported termination of this Agreement which does not expressly refer to this paragraph. 
 7.7 Successor Administrative Agent and Issuing Bank. The Administrative Agent or the Issuing Bank may resign at any time by giving written notice
thereof to the Banks and the Borrowers and may be removed at any time with or without cause by the Majority Banks upon receipt of written notice from the Majority Banks to such effect. Upon receipt of notice of any such resignation or removal, the
Majority Banks shall have the right to appoint a successor Administrative Agent or Issuing Bank with the consent of the Borrowers, which consent shall not be unreasonably withheld. If no successor Administrative Agent or Issuing Bank shall have been
so appointed by the Majority Banks with the consent of the Borrowers, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s or Issuing Bank’s giving of notice of resignation or the Majority
Banks’ removal of the retiring Administrative Agent or Issuing Bank, then the retiring Administrative Agent or Issuing Bank may, on behalf of the Banks in consultation with the Borrowers, appoint a successor Administrative Agent or Issuing
Bank, which shall be, in the case of a successor agent, a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $500,000,000 and, in the case of the
Issuing Bank, a Bank. Upon the acceptance of any appointment as Administrative Agent or Issuing Bank by a successor Administrative Agent or Issuing Bank, such successor Administrative Agent or Issuing Bank shall thereupon succeed to and become
vested with all the rights, powers, privileges, and duties of the retiring Administrative Agent or Issuing Bank, and the retiring Administrative Agent or Issuing Bank shall be discharged from any duties and obligations under this Agreement and the
other Credit Documents after such acceptance, except that the retiring Issuing Bank shall remain the Issuing Bank with respect to any Letters of Credit outstanding on the effective date of its resignation or removal and the provisions affecting the
Issuing Bank with respect to such Letters of Credit shall inure to the benefit of the retiring Issuing Bank until the termination of all such Letters of Credit. After any Administrative Agent’s or Issuing Bank’s resignation or removal
hereunder as Administrative Agent or Issuing 

  

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Bank, the provisions of this Article 7 shall inure to such Person’s benefit as to any actions taken or omitted to be taken by such Person while
such Person was Administrative Agent or Issuing Bank under this Agreement and the other Credit Documents. 
 7.8 Collateral and Guaranty
Matters. The Banks and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion, 
 (a) to
release any Lien on any property granted to or held by the Administrative Agent under any Credit Document (i) upon termination of the Revolving Loan Commitments and payment in full of all Credit Obligations (other than contingent indemnification
obligations) and the expiration or termination of all Letters of Credit, (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Credit Document, or (iii) subject to Section 8.3, if
approved, authorized or ratified in writing by the Banks or the Majority Banks, as applicable; and 
 (b) to release any Guarantor from its
obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. 
 Upon request by the
Administrative Agent at any time, the Banks will confirm in writing the Administrative Agent’s authority to release its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty
pursuant to this Section 7.8. 
 ARTICLE VIII 
 MISCELLANEOUS. 
 8.1 Expenses. The Borrowers shall pay on demand of the applicable party
specified herein (a) all reasonable out-of-pocket costs and expenses of the Administrative Agent and the Issuing Bank in connection with the administration, modification, and amendment of this Agreement and the other Credit Documents, including the
reasonable fees and expenses of outside counsel for the Administrative Agent and the Issuing Bank, and (b) all out-of-pocket costs and expenses of the Administrative Agent, the Issuing Bank, and each Bank in connection with the preservation or
enforcement of their respective rights under this Agreement and the other Credit Documents, whether through negotiations, legal proceedings, or otherwise, including fees and expenses of counsel for the Administrative Agent, the Issuing Bank, and
each Bank provided that the Borrowers shall not be required to pay the fees and expenses of more than one outside counsel for such Persons (which shall be the Administrative Agent’s counsel) other than (i) in connection with insolvency
proceedings with respect to any Credit Party if there exists a reasonable potential for a conflict of interests among the Banks and (ii) in connection with enforcement proceedings of the Administrative Agent’s, Issuing Bank’s and/or
Banks’ rights under this Agreement and the other Credit Documents. For avoidance of doubt, the Borrowers shall pay the fees and expenses of outside counsel of each Bank in connection with (i) insolvency proceedings with respect to any Credit
Party to the extent of potential conflicts of interest and (ii) enforcement proceedings with respect to the Credit Documents. The provisions of this paragraph shall survive the repayment and termination of the credit provided for under this
Agreement and any purported termination of this Agreement which does not expressly refer to this paragraph. 
  

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 8.2 Indemnification. Whether or not the transactions contemplated hereby are consummated, the
Borrowers shall indemnify and hold harmless the Administrative Agent, the Joint Lead Arrangers, each Bank, and the Issuing Bank and each Related Party of any of the foregoing Persons (collectively the “Indemnitees”) from and against
any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements, (including fees and expenses of counsel for such Persons provided that the Borrowers shall not be
required to indemnify each such Person for the fees and expenses of more than one outside counsel for each such Person other than (i) in connection with insolvency proceedings with respect to any Credit Party if there exists a reasonable potential
for a conflict of interests among the Banks and (ii) in connection with enforcement proceedings of the Administrative Agent’s, Issuing Bank’s and/or Banks’ rights under this Agreement and the other Credit Documents) of any kind or
nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the Transaction, (b) the execution, delivery, enforcement, performance or
administration of any Credit Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (c) any Revolving Loan Commitment,
Revolving Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (d) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Borrower or any Restricted Entity, or any
Environmental Liability related in any way to any Borrower or any Restricted Entity, or (e) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other
theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the
“Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted
from the gross negligence or willful misconduct of such Indemnitee. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information
transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability for any indirect or consequential damages relating to this Agreement or any other Credit Document or arising out of its activities in connection
herewith or therewith (whether before or after the Closing Date). All amounts due under this Section 8.2 shall be payable within ten Business Days after written demand therefor to the Borrowers. The agreements in this Section shall survive
the resignation of the Administrative Agent, the replacement of any Bank, the termination of the Revolving Loan Commitments and the repayment, satisfaction or discharge of all the other Credit Obligations. 
  

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 8.3 Modifications, Waivers, and Consents. No modification or waiver of any provision of this
Agreement or the Revolving Loan Notes, nor any consent required under this Agreement or the Revolving Loan Notes, shall be effective unless the same shall be in writing and signed by the Administrative Agent and Majority Banks and the Borrowers, and
then such modification, waiver, or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no modification, waiver, or consent shall, unless in writing and signed by the
Administrative Agent, all the Banks, and the Borrowers do any of the following: (a) waive or amend any of the conditions specified in Section 3.1, (b) increase the Revolving Loan Commitments of the Banks, (c) forgive or reduce the amount or
rate of any principal, interest, or fees payable under the Credit Documents, or postpone or extend the time for payment thereof, or (d) release the Guaranty of the Parent Guarantor, all or substantially all of the value of the Guaranty of the
Subsidiaries of the Parent Borrower or all or substantially all of the Collateral in any transaction or series of related transactions (except as otherwise permitted or required herein), (e) change the percentage of Banks required to take any action
under this Agreement, the Revolving Loan Notes, the Guaranty or the Security Documents, including any amendment of the definition of “Majority Banks” or this Section 8.3, (f) restrict the ability of any Bank to assign its rights or
obligations hereunder (other than restrictions imposed by Section 8.5 hereof) (f) change the definitions of “Eligible Accounts”, “Eligible Inventory”, “Eligible Real Property”, or “Revolving Loan Borrowing
Base”. No modification, waiver, or consent shall, unless in writing and signed by the Administrative Agent or the Swing Line Lender or the Issuing Bank, as applicable, affect the rights or obligations of the Administrative Agent or the Swing
Line Lender or the Issuing Bank, as the case may be, under the Credit Documents. The Administrative Agent shall not modify or waive or grant any consent under any other Credit Document if such action would be prohibited under this Section 8.3
with respect to the Credit Agreement or the Revolving Loan Notes. 
 8.4 Survival of Agreements. All representations, warranties, and
covenants of the Parent Guarantor and any Borrower in this Agreement and the Credit Documents shall survive the execution of this Agreement and the Credit Documents and any other document or agreement. 
 8.5 Assignment and Participation. This Agreement and the Credit Documents shall bind and inure to the benefit of the Borrowers and their
respective successors and assigns and the Administrative Agent and the Banks and their respective successors and assigns. The Borrowers may not assign their rights or delegate their duties under this Agreement or any other Credit Document.

 (a) Assignments. Any Bank may assign to one or more banks or other entities all or any portion of its rights and obligations under
this Agreement (including, without limitation, all or a portion of its Revolving Loan Commitments, the Revolving Loan Advances owing to it, the Revolving Loan Notes held by it, and the participation interest in the Letters of Credit owned by it);
provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of all of such Bank’s rights and obligations under this Agreement, (ii) assignments of Revolving Loan Commitments shall be made in minimum
amounts of $5,000,000 and be made in integral multiples of $1,000,000 and the assigning Bank, if it retains any Revolving Loan Commitments, shall maintain at least $5,000,000 in Revolving Loan 

  

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Commitments, (iii) each such assignment shall be to an Eligible Assignee, (iv) the parties to each such assignment shall execute and deliver to the
Administrative Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with the Revolving Loan Notes subject to such assignment, and (v) each Eligible Assignee (other than the Eligible Assignee of the
Administrative Agent) shall pay to the Administrative Agent a $2,500 administrative fee; provided, however, that in the event of five or more concurrent assignments to members of the same Assignee Group (which may be effected by a
suballocation of an assigned amount among members of such Assignee Group) or five or more concurrent assignments by members of the same Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group), an
additional fee in the amount of $500 shall be paid to the Administrative Agent for each such concurrent assignment or suballocation. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each
Assignment and Acceptance, which effective date shall be at least three Business Days after the execution thereof, (A) the assignee thereunder shall be a party hereto for all purposes and, to the extent that rights and obligations hereunder have
been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Bank hereunder and (B) such Bank thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of such Bank’s rights and obligations under this
Agreement, such Bank shall cease to be a party hereto). 
 (b) Term of Assignments. By executing and delivering an Assignment and
Acceptance, the Bank thereunder and the assignee thereunder confirm and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such Bank makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency of value of this Agreement or any
other instrument or document furnished pursuant hereto; (ii) such Bank makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Restricted Entity or the performance or observance by any
Restricted Entity of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the most recent
financial statements required to have been delivered pursuant to Sections 5.2(a) and (b) or, if no such financial statements have been delivered as of such date, the financial information required pursuant to Section 3.1(l) and
such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee shall, independently and without reliance upon the Administrative Agent,
such Bank or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee appoints and
authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers as are reasonably incidental
thereto; and (vi) such assignee agrees that it shall perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Bank. 
  

 72 

 (c) The Register. The Administrative Agent shall maintain at its address referred to in Section
8.6 a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Banks and the Revolving Loan Commitments of each Bank from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Administrative Agent, the Issuing Bank, and the Banks may treat each Person whose name is
recorded in the Register as a Bank hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrowers or any Bank at any reasonable time and from time to time upon reasonable prior notice. 
 (d) Procedures. Upon its receipt of an Assignment and Acceptance executed by a Bank and an Eligible Assignee, together with the Revolving Loan
Notes, if applicable, subject to such assignment, the Administrative Agent shall, if such Assignment and Acceptance has been completed in the appropriate form, (i) accept such Assignment and Acceptance, (ii) record the information contained therein
in the Register, and (iii) give prompt notice thereof to the Borrowers. Within five Business Days after its receipt of such notice, the Borrowers shall execute and deliver to the Administrative Agent in exchange for the surrendered Revolving Loan
Notes, if applicable, a new Revolving Loan Note, if applicable, to the order of such Eligible Assignee in an amount equal to the Revolving Loan Commitment assumed by it pursuant to such Assignment and Acceptance and, if such Bank has retained any
Revolving Loan Commitment hereunder, a new Revolving Loan Note, to the order of such Bank in an amount equal to the Revolving Loan Commitment retained by it hereunder. Such new Revolving Loan Notes shall be dated the effective date of such
Assignment and Acceptance and shall be in the appropriate form. 
 (e) Participation. Each Bank may sell participation to one or more
banks or other entities in or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Revolving Loan Commitments, the Revolving Loan Advances owing to it, its participation
interest in the Letters of Credit, and the Revolving Loan Notes held by it); provided, however, that (i) such Bank’s obligations under this Agreement (including, without limitation, its Revolving Loan Commitments to the Borrowers hereunder)
shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) such Bank shall remain the holder of any such Revolving Loan Notes for all purposes of this Agreement,
(iv) the Borrowers, the Administrative Agent, and the Issuing Bank and the other Banks shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement, and (v) such Bank shall
not require the participant’s consent to any matter under this Agreement, except that upon 10 days’ written notice of such participation to the Administrative Agent and the Borrowers, such Bank may permit the participant to possess consent
rights with respect to changes in the principal amount of the Revolving Loan Notes, reductions in fees or interest, or extensions of the applicable maturity date. The Borrowers hereby agree that participants shall have the same rights under
Sections 2.6, 2.7, 2.8, 2.9, 2.10, and 8.2 as a Bank to the extent of their respective participation. 
  

 73 

 (f) Assignments or Pledges to Federal Reserve Banks. In addition to the foregoing rights of
assignment and participation, any Bank may assign or pledge any portion of its rights under this Agreement (including the Revolving Loan Advances, the Swing Line Loan, and Term Loan Advances owed to such Bank) to any Federal Reserve Bank in
accordance with applicable law without notice to or the consent of any Borrower or the Administrative Agent, provided that (i) such Bank shall not be relieved of its obligations under this Agreement as a result thereof and (ii) in no event shall the
Federal Reserve Bank be entitled to direct the actions of the pledging or assigning Bank under this Agreement. 
 8.6 Notices;
Effectiveness; Electronic Communication. 
 (a) Notices Generally. Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 
 (i) if to a Borrower, the Administrative Agent, the Issuing Bank or the Swing Line Lender, to the address, telecopier number, electronic mail address or
telephone number specified for such Person on Schedule I; and 
 (ii) if to any other Bank, to the address, telecopier number,
electronic mail address or telephone number specified in its administrative questionnaire supplied by the Administrative Agent which information shall be provided to the Parent Borrower by the Administrative Agent upon the Parent Borrower’s
request. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received;
notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the
recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
 (b) Electronic Communications. Notices and other communications to the Banks and the Issuing Bank hereunder may be delivered or furnished by electronic communication (including e mail and Internet or intranet
websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Bank or the Issuing Bank pursuant to Article II if such Bank or the Issuing Bank, as applicable, has
notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the applicable Borrower may, in its discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 
  

 74 

 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement),
provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the
recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that
such notice or communication is available and identifying the website address therefor. 
 (c) The Platform. THE PLATFORM IS PROVIDED
“AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS (AS DEFINED BELOW) OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR
ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES
OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any
liability to any Borrower, any Bank, the Issuing Bank or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the applicable Borrower’s or the Administrative
Agent’s transmission of materials and/or information provided by or on behalf of any Borrower hereunder (collectively, “Borrower Materials”) through the Internet, except to the extent that such losses, claims, damages,
liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event
shall any Agent Party have any liability to any Borrower, any Bank, the Issuing Bank or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 
 (d) Change of Address, Etc. Each of the Borrowers, the Administrative Agent, the Issuing Bank and the Swing Line Lender may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Bank may change its address, telecopier or telephone number for notices and other communications hereunder by notice to
the Borrowers, the Administrative Agent, the Issuing Bank and the Swing Line Lender. In addition, each Bank agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address,
contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Bank. 
 (e) Reliance by Administrative Agent, Issuing Bank and Banks. The Administrative Agent, the Issuing Bank and the Banks shall be entitled to rely
and act upon any 

  

 75 

 
notices (including telephonic notices of any Revolving Loan Borrowing Request, Swing Line Loan and conversions or continuation of a Revolving Loan
purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as
understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify the Administrative Agent, the Issuing Bank, each Bank and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower except to the extent arising from the gross negligence or willful misconduct of any such Person. All telephonic notices to and other telephonic
communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 8.7 Choice of Law. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. 
 (b) ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF
THIS AGREEMENT, THE BORROWERS, THE PARENT GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH BANK CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWERS, THE PARENT GUARANTOR, THE
ADMINISTRATIVE AGENT AND EACH BANK IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN
SUCH JURISDICTION IN RESPECT OF ANY CREDIT DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWERS, THE PARENT GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH BANK WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE
BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 
 8.8 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY
EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY CREDIT DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO
ANY CREDIT DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, 

  

 76 

 
ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 8.9 Counterparts. This Agreement may be executed by facsimile and in multiple counterparts which together shall constitute one and the same instrument. 
 8.10 USA Patriot Act Notice. Each Bank and the Administrative Agent (for itself and not on behalf of any Bank) hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III
of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies any Borrower, which information includes the name and address of such Borrower and other
information that will allow such Bank or the Administrative Agent, as applicable, to identify such Borrower in accordance with the Act. 
 8.11 Joint and Several Liability. Each Borrower agrees that it is jointly and severally liable to each Bank for the payment and performance of all Credit Obligations, and that such liability is independent of the obligations of the
other Borrower. The Administrative Agent or any Bank may bring an action against either Borrower, whether or not an action is brought against the other Borrower. It shall not be necessary for the Banks, in order to enforce such payment or
performance by either Borrower, (i) first to initiate suit or pursue or exhaust any rights or remedies against the other Borrower or others liable on the Credit Obligations for such payment or performance, or to enforce any rights against any
collateral that shall have been given to secure the Credit Obligations, or (ii) to join either Borrower or any others liable for the payment or performance of the Credit Obligations or any part thereof in any action against the other Borrower or any
other person, or to resort to any other means of obtaining payment or performance of the Obligations; provided, however, nothing herein contained shall prevent the Banks from bringing suit on the Credit Obligations or foreclosing on
any collateral or from exercising any other rights or remedies. 
 8.12 Entire Agreement. THIS AGREEMENT AND THE OTHER CREDIT
DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 8.13 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Banks and the Issuing Bank agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (it
being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any 

  

 77 

 
subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit
Document or any action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to
(i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to the Borrower and its obligations, (g) with the consent of the Borrowers or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the
Administrative Agent, any Bank, the Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrowers. For purposes of this Section, “Information” means all information received
from any Credit Party, other than any such information that is available to the Administrative Agent, any Bank or the Issuing Bank on a nonconfidential basis prior to disclosure by such Credit Party, provided that, in the case of information
received from a Credit Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to
have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. Each of the Administrative Agent,
the Banks and the Issuing Bank acknowledges that (a) the Information may include material non-public information concerning the Credit Parties, (b) it has developed compliance procedures regarding the use of material non-public information and (c)
it will handle such material non-public information in accordance with applicable law, including federal and state securities laws. 
  

 78 

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

			
	BORROWERS:
	
	SUSSER HOLDINGS, L.L.C.
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	E.V. Bonner, Jr.
		 	Executive Vice President
	
	SSP PARTNERS
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	E.V. Bonner, Jr.
		 	Executive Vice President

			
	PARENT GUARANTOR:
	
	STRIPES HOLDINGS LLC
		
	By:	 	 /s/ E.V. Bonner, Jr.

		 	E.V. Bonner, Jr.
		 	Executive Vice President

			
	ADMINISTRATIVE AGENT:
	
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	 /s/ David Johanson

		 	David Johanson
		 	Vice President

			
	SYNDICATION AGENT:
	
	 MERRILL LYNCH & CO., MERRILL LYNCH,
 PIERCE, FENNER & SMITH INCORPORATED,
 as Syndication Agent

		
	By:	 	 /s/    SHEILA MCGILLICUDDY

		 	 
	Name:	 	 Sheila McGillicuddy

		 	 
	Title:	 	 Director

		 	 

					
		 	BANKS:
		
	Revolving Loan Commitment:	 	BANK OF AMERICA, N.A.
	$20,000,000.00	 		 	
			
		 	By:	 	 /s/ Gary Mingle

		 		 	Gary Mingle
		 		 	Senior Vice President

					
	Revolving Loan Commitment:	 	MERRILL LYNCH CAPITAL CORPORATION
	$10,000,000.00	 		 	
			
		 	By:	 	 /s/ Stephanie Vallillo

		 		 	Stephanie Vallillo
		 		 	Vice President

					
	Revolving Loan Commitment:	 	REGIONS BANK
	$10,000,000.00	 		 	
			
		 	By:	 	 /s/ Ron Pfeiffer

		 		 	Ron Pfeiffer
		 		 	Senior Vice President

					
	Revolving Loan Commitment:	 	TEXAS STATE BANK
	$10,000,000.00	 		 	
			
		 	By:	 	 /s/ Gary Wilson

		 		 	Gary Wilson
		 		 	Executive Vice President

 Exhibit A 
 FORM OF 
 BORROWING BASE CERTIFICATE 
 [DATE] 
 Bank of America, N.A., as Administrative Agent 
 Attn: Ms. Rosanne Parsill 
 231 South LaSalle Street 
 Mail Code IL1 231 08 30 
 Chicago, Illinois 60697 
 Ladies and Gentlemen: 
 I refer to the Credit Agreement dated as of December
21, 2005 (as the same may be amended, supplemented, or otherwise modified, the “Credit Agreement”), among Susser Holdings, L.L.C., a Delaware limited liability company, and SSP Partners, a Texas general partnership, as the
Borrowers, the financial institutions parties thereto from time to time, and Bank of America, N.A., as administrative agent for such financial institutions (the “Administrative Agent”), the defined terms of which are used herein
unless otherwise defined herein. 
 I hereby certify that I have no knowledge of any Defaults by any Restricted Entity in the observance of any of the
provisions in the Credit Agreement which existed as of                          or which exist as of the date of this
letter. 
 I hereby certify that, as of the date hereof, to my knowledge after due inquiry, the following amounts and calculations regarding the Revolving
Loan Borrowing Base were true and correct as of                         : 
  

 A-1 

								
	 A.     Eligible Accounts
	  			  			
	 1.      Accounts of Credit Parties
	  			  	$	_________	 
	 2.      Minus:
	  			  			
	 a.      subject to perfection (other than accounts arising from the sale of fuel to school districts, counties
and municipalities in Texas or regional transportation authorities in Texas in an aggregate amount not to exceed $750,000)
	  	$	_________	  			
	 b.      subject to performance
	  	$	_________	  			
	 c.      more than 90 days after invoice date
	  	$	_________	  			
	 d.      subject to dispute or offset
	  	$	_________	  			
	 e.      affiliate accounts
	  	$	_________	  			
	 f.       accounts from credit card transactions
	  	$	_________	  			
	 g.      foreign accounts (without l/c)
	  	$	_________	  			
	 h.      from Person 50% or more of whose accounts are ineligible
	  	$	_________	  			
	 i.       other excluded accounts
	  	$	_________	  			
			
	 Total excluded
	  			  	$	(                    	)
	 3.      Eligible Accounts
	  			  	$	_________	 
	 4.      Unpaid state fuel excise taxes of Credit Parties
	  			  	$	_________	 
			
	 B.     Eligible Inventory
	  			  			
	 1.      inventory of Credit Parties
	  			  	$	_________	 
	 2.      minus:
	  			  			
	 a.      subject to perfection
	  	$	_________	  			
	 b.      held on consignment
	  	$	_________	  			
	 c.      fuel inventory
	  	$	_________	  			
	 d.      ineligible affiliate inventory
	  	$	_________	  			
	 e.      other excluded inventory
	  	$	_________	  			
			
	 Total Excluded
	  			  	$	(                    	)
	 3.      Eligible Inventory
	  			  	$	_________	 

  

 A-2 

							
	 C.     Eligible Real Property
	  			  		
	 1.      fair market value (such fair market value determined by a method consistent with the method utilized to
determine the fair market value of the properties included in the Sale-Leaseback determined) of real property on which any Credit Party owns and operates a convenience store, including improvements constructed thereon1
	  			  	$	_________
			
	 D.     Revolving Loan Borrowing Base
	  			  		
	 1.      Eligible Accounts (A.3)
	  	$	_________	  		
	 2.      aggregate unpaid state fuel excise taxes (A.4)
	  	$	_________	  		
	 3.      85% of D.1 – D.2
	  			  	$	_________
	 4.      50% of Eligible Inventory (B.3)
	  	$	_________	  		
	 5.      50% of Eligible Accounts (A.3)
	  	$	_________	  		
	 6.      the lesser of D.4 or D.5
	  			  	$	_________
	 7.      66% of Eligible Real Property value (C.1)
	  	$	_________	  		
	 8.      50% of the total Revolving Loan Commitments in effect as of the date hereof
	  	$	_________	  		
	 9.      D.3 + D.6
	  	$	_________	  		
	 10.    the lesser of D.7, D.8 or D. 9
	  			  	$	_________
	 11.    the reserves established by the Agents from time to time in their reasonable credit judgment acting in good
faith
	  			  	$	_________
	 12.    Revolving Loan Borrowing Base = D.3 + D.6 + D.10 – D.11
	  			  	$	_________
	 13.    Lesser of D.12 and $50,000,000
	  			  	$	_________
	 14.    aggregate outstanding Revolving Loan Advances plus outstanding Swing Line Loans plus the Letter of Credit
Exposure
	  			  	$	_________
	 15.    surplus (deficit) of D.13 – D.12
	  			  	$	_________

	1	Provided that the requirements of the definition of Eligible Real Property in the Credit Agreement are met. 

  

 A-3 

 Exhibit B 
 FORM OF 
 COMPLIANCE CERTIFICATE 
 [DATE] 
 Bank of America, N.A., as Administrative Agent 
 Attn: Ms. Rosanne Parsill 
 231 South LaSalle Street 
 Mail Code: IL1 231 08 30 
 Chicago, Illinois 60697 
 Ladies and Gentlemen: 
 I refer to the Credit Agreement dated as of December 21, 2005 (as the same may be amended,
supplemented, or otherwise modified, the “Credit Agreement”), among Susser Holdings, L.L.C., a Delaware limited liability company, and SSP Partners, a Texas general partnership, as the Borrowers, the financial institutions parties
thereto from time to time, and Bank of America, N.A., as administrative agent for such financial institutions (the “Administrative Agent”), the defined terms of which are used herein unless otherwise defined herein. 
 I hereby certify that I have no knowledge of any Defaults by any Restricted Entity in the observance of any of the provisions in the Credit Agreement which existed as of
                         or which exist as of the date of this letter. 
 I also certify that the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial condition of the Credit
Parties as of                         , and the related results of operations for the
                         then ended, in conformity with generally accepted accounting principles. 
 The following sets forth the information and computations to demonstrate compliance with the requirements of Section 5.5 of the Credit Agreement as of
                        : 
  

				
	 A.     Section 5.5(a) - Maximum Consolidated Rent Adjusted Leverage Ratio
	  		
	 1.      consolidated Funded Debt as of the fiscal quarter then ended
	  	$	_________
	 2.      cash held as of the fiscal quarter then ended (excluding restricted cash)
	  	$	_________
	 3.      Permitted Investments held as of the fiscal quarter then ended1
	  	$	_________

	1	Amount to be determined pursuant to clauses (iii) – (vi) of the definition of “Permitted Investments” in the Credit Agreement.

  

 B-1 

						
	 4.      consolidated rent expense actually paid during preceding four fiscal quarters
	  	$	_________	 	
	 5.      consolidated EBITDAR for preceding four fiscal quarters as set forth on Schedule I
hereto2
	  	$	_________	 	
	 6.      ratio = [(A.1 – (A.2 + A.3) + (A.4 x 8)] ÷ A.5
	  	$	_________	 	to 1.00
	 7.      maximum permitted from the fiscal quarter ended after the Closing Date, through and including the fiscal
quarter ending on or about December 31, 2006:
	  	 	6.50 to 1.00	 	
	 8.      maximum permitted from the fiscal quarter ending on or about March 31, 2007 through and including the
fiscal quarter ending on or about December 31, 2007:
	  	 	6.25 to 1.00	 	
	 9.      maximum permitted thereafter:
	  	 	6.00 to 1.00	 	
			
	 B.     Section 5.5(b) - Minimum Consolidated Fixed Charge Coverage Ratio
	  			 	
	 1.      consolidated EBITDAR for preceding four fiscal quarters as set forth on Schedule I
hereto
	  	$	_________	 	
	 2.      cash taxes paid during preceding four fiscal quarters
	  	$	_________	 	
	 3.      Restricted Payments made for preceding four fiscal quarters (other than Restricted Payments made (i) to
the Parent Borrower or any wholly owned Subsidiary that is a Borrower or a Guarantor or (ii) in common equity interests of the maker of such payment)
	  	$	_________	 	
	 4.      consolidated rental expense actually paid for preceding four fiscal quarters
	  	$	_________	 	
	 5.      principal payments made on long-term Debt for preceding four fiscal quarters
	  	$	_________	 	
	 6.      cash interest paid for preceding four fiscal quarters
	  	$	_________	 	
	 7.      interest income for preceding four fiscal quarters
	  	$	_________	 	
	 8.      ratio = (B.1 – B.2 – B.3) / (B.4 + B.5 + (B.6-B.7))
	  	$	_________	 	to 1.00
	 9.      minimum required from the fiscal quarter ended after the Closing Date, through and including the fiscal
quarter ending on or about December 31, 2006:
	  	 	1.15 to 1.00	 	
	 10.    minimum required from the fiscal quarter ending on or about March 31, 2007 through and including the fiscal quarter
ending on or about December 31, 2007:
	  	 	1.20 to 1.00	 	
	 11.    minimum required thereafter:
	  	 	1.25 to 1.00	 	

	2	The financial results of (i) Acquisitions or (ii) any sale-leaseback transaction (or series of related transactions) involving aggregate consideration in excess of
$5,000,000, including pro forma effects of any such acquisition or sale-leaseback transaction during such period, should be calculated in the manner described in section 5.5(a) of the Credit Agreement as approved by the Administrative Agent.

  

 B-2 

				
	 C.     Section 5.7 - Capital Expenditures
	  		
	 1.      consolidated Capital Expenditures of the Parent Guarantor and its Subsidiaries made during fiscal year
to date:
	  	$	_________
	 2.      consolidated Capital Expenditures of the Parent Guarantor and its Subsidiaries made during fiscal year
to date not paid for by the incurrence of Debt with stated maturity of at least five years and scheduled amortization £ 10% of original principal
amount thereof for any year prior to maturity:
	  	$	_________
	 3.      consolidated Capital Expenditures of the Parent Guarantor and its Subsidiaries made during fiscal year
to date not paid or proceeds of permitted sale-leaseback transactions:
	  	$	_________
	 4.      consolidated Capital Expenditures allowed but not made during prior fiscal year (£ $5,000,000):
	  	$	_________
	 5.      Maximum permitted consolidated Capital Expenditures for fiscal year (Consolidated EBITDA for prior
fiscal year as set forth on Schedule I + C.4):
	  	$	_________
		
	 D.     Section 5.10 – Acquisitions
	  		
	 1.      consideration for Acquisitions made during preceding four fiscal quarters
	  	$	_________
	 2.      Maximum permitted Acquisitions for such period (Consolidated EBITDA for preceding four fiscal quarters
as set forth on Schedule I)
	  	$	_________

  

			
	Very truly yours,
	
	Susser Holdings, L.L.C.
	
	  

	Name:	 	  

	Title:	 	  

  

 B-3 

			
	Very truly yours,
	
	Susser Holdings, L.L.C.
	
	  

	Name:	 	  

	Title:	 	  

  

 B-4 

 Schedule I 
 to the Compliance Certificate 
 ($ in 000’s) 
 Consolidated EBITDAR 
 (in accordance with the definition of Consolidated EBITDAR

 as set forth in the Credit Agreement) 
  

											
	 Consolidated
 EBITDAR
	  	Quarter
Ended	  	Quarter
Ended	  	Quarter
Ended	  	Quarter
Ended	  	Four Fiscal
Quarters
Most
Recently
Ended
	consolidated net income	  		  		  		  		  	
	 +  consolidated interest expense
	  		  		  		  		  	
	 +  federal, state and local taxes
	  		  		  		  		  	
	 +  depreciation expense
	  		  		  		  		  	
	 +  amortization expense
	  		  		  		  		  	
	 +  accretion
	  		  		  		  		  	
	 +  cumulative effect of change in accounting principles
	  		  		  		  		  	
	 +  non-cash management incentive options compensation
	  		  		  		  		  	
	 -   extraordinary gains
	  		  		  		  		  	
	 +  non-recurring costs
	  		  		  		  		  	
	 +  expenses and charges from equity offerings
	  		  		  		  		  	
	 +  payments pursuant to Management Services Agreement
	  		  		  		  		  	
	 +  pro forma cost savings not to exceed $1,000,000
	  		  		  		  		  	
	 +  Circle K Royalties actually paid
	  		  		  		  		  	
	 +  termination payments payable in connection with termination of Circle K Royalties
	  		  		  		  		  	
	 +  rent expense not actually paid in cash
	  		  		  		  		  	
	 -   marketing expenses in connection with re-branding not to exceed $800,000
	  		  		  		  		  	
	 =  Consolidated EBITDA
	  		  		  		  		  	
	 +  consolidated rent expense actually paid
	  		  		  		  		  	
	 =  Consolidated EBITDAR
	  		  		  		  		  	

 Exhibit C 
 FORM OF 
 BORROWING REQUEST 
 [DATE] 
 Bank of America, N.A., as Administrative Agent 
 for the financial institutions parties to the 
 Credit Agreement referred to below 
 Attn: Ms. Rosanne Parsill 
 231 South LaSalle Street 
 Mail Code: IL1 231 08 30 
 Chicago, Illinois 60697 
 Ladies and Gentlemen: 
 The undersigned,
[                    ] (“Borrower”), refers to the Credit Agreement dated as of December 21, 2005 (as the same may be
modified from time to time, the “Credit Agreement,” the defined terms of which are used in this Borrowing Request unless otherwise defined in this Borrowing Request), among Susser Holdings, L.L.C., a Delaware limited liability
company, and SSP Partners, a Texas general partnership, as Borrowers, the financial institutions party thereto from time to time, and Bank of America, N.A., as Administrative Agent for such financial institutions, and hereby gives you irrevocable
notice pursuant to Section 2.1(b)(i) of the Credit Agreement that the undersigned hereby requests a Revolving Loan Borrowing (the “Proposed Borrowing”) on the terms set forth below: 
  

			
	 Date of Borrowing1
	  	:
		
	 Type of Tranches2
	  	:
		
	 Aggregate Amount3
	  	:
		
	 Interest Period4
	  	:

	1	The Date of Borrowing for the Proposed Borrowing must be a Business Day. The Borrower must give three Business Days’ advance notice for Revolving Loan
Borrowings including LIBOR Tranches or same day notice for a Prime Rate Borrowing. 

	2	The Type of Tranches comprising the Proposed Borrowing may be LIBOR Tranches or the Prime Rate Tranche subject to the provisions of Section 2.5(a).

	3	The Aggregate Amount of the Proposed Borrowing must be in a minimum amount of $1,000,000 for any LIBOR Tranche and $100,000 for the Prime Rate Tranche, and in
multiples of $100,000 for any LIBOR Tranche and multiples of $25,000 for the Prime Rate Tranche. 

	4	The Interest Period applies only to Revolving Loan Borrowings comprised of LIBOR Tranches and Borrower may select a one, two, three, or six month period. Insert
"N/A" for Prime Rate Borrowings. 

  

 C-1 

 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date
of the Proposed Borrowing: 
 (a) the representations and warranties contained in the Credit Agreement are correct in all material respects,
before and after giving effect to the Proposed Borrowing and the application of the proceeds therefrom, as though made on the date of the Proposed Borrowing; 
 (b) no Default has occurred and remains uncured, nor would result from the Proposed Borrowing or from the application of the proceeds therefrom; and 
 (c) following the making of the proposed Revolving Loan Borrowing and all other Revolving Loan Borrowings to be made on the same day to the Borrower, the
aggregate outstanding principal amount of the Revolving Loan plus the Swing Line Loan plus the Letter of Credit Exposure shall not exceed the lesser of (i) the aggregate amount of the Revolving Loan Commitments and (ii) the Revolving Loan Borrowing
Base. 
  

			
	Very truly yours,
	
	[                        ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 C-2 

 Exhibit D 
 FORM OF 
 CONTINUATION/CONVERSION REQUEST 
 [DATE] 
 Bank of America, N.A., as Administrative Agent 
 for the financial institutions parties to the 
 Credit Agreement referred to
below 
 Attn: Ms. Rosanne Parsill 
 231 South LaSalle Street

 Mail Code: IL1 231 08 30 
 Chicago, Illinois 60697 

Ladies and Gentlemen: 
 The undersigned,
[                    ], a
[                    ] (“Borrower”), refers to the Credit Agreement dated as of December 21, 2005 (as the same may be
modified from time to time, the “Credit Agreement,” the defined terms of which are used in this Continuation/ Conversion Request unless otherwise defined in this Continuation/Conversion Request), among Susser Holdings, L.L.C., a
Delaware limited liability company, and SSP Partners, a Texas general partnership, as Borrowers, the financial institutions party thereto from time to time, and Bank of America, N.A., as Administrative Agent for such financial institutions, and
hereby gives you irrevocable notice pursuant to Section 2.5(a) of the Credit Agreement that the undersigned hereby requests a [conversion][continuation] of [outstanding Revolving Loan Borrowings][an outstanding Revolving Loan Borrowing] into
a new Revolving Loan Borrowing (the “Proposed Borrowing”) on the terms set forth below: 
  

			
	 Outstanding Borrowing #1
	  	 
	Date of Borrowing	  	:
	Type of Tranche	  	:
	Aggregate Amount for Continuation/Conversion1	  	:
	Interest Period	  	:
		
	 Outstanding Borrowing #2
	  	 
	Date of Borrowing	  	:
	Type of Tranche	  	:
	Aggregate Amount for Continuation/Conversion1	  	:
	Interest Period	  	:

  

	1	The Aggregate Amount for Conversion/Continuation with respect to Tranches must be in multiples of $100,000 for LIBOR Tranches and multiples of $25,000 for the Prime
Rate Tranche. No continuation or conversion may be made if such continuation or conversion would cause the aggregate amount of any LIBOR Tranche to be less than $1,000,000 or the aggregate amount of the Prime Rate Tranche to be less than $100,000.

  

 D-1 

			
	 Proposed Borrowing :
	  	:
	Date of Continuation or Conversion2	  	:
	Type of Tranche3 	  	:
	Aggregate Amount4	  	:
	Interest Period5	  	:

 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on
the date of the Proposed Borrowing: 
 (a) the representations and warranties contained in the Credit Agreement are correct in all material
respects, before and after giving effect to the Proposed Borrowing and the application of the proceeds therefrom, as though made on the date of the Proposed Borrowing; and 
 (b) no Default has occurred and remains uncured, nor would result from the Proposed Borrowing. 
  

			
	Very truly yours,
	
	[                        ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	2	The Date of the proposed continuation or conversion must be a Business Day. The Borrower must give three Business Days' advance notice for conversions into or
continuations of Revolving Loan Borrowings comprised of LIBOR Tranches or same day notice for a Prime Rate Borrowing. 

	3	The Type of Tranches comprising a Proposed Borrowing may be the Prime Rate Tranche or LIBOR Tranches. 

	4	The Aggregate Amount of the Proposed Borrowing must be in multiples of $100,000 for LIBOR Tranches and multiples of $25,000 for the Prime Rate Tranche. No
continuation or conversion may be made if such continuation or conversion would cause the aggregate amount of any LIBOR Tranche to be less than $1,000,000 or the Prime Rate Tranche to be less than $100,000. 

	5	The Interest Period applies only to Revolving Loan Borrowings comprised of LIBOR Tranches and Borrower may select a one, two, three, or six month period. Insert
"N/A" for Prime Rate Borrowings. 

  

 D-2 

 Exhibit E 
 FORM OF PROMISSORY NOTE 
 (Revolving Loan) 
  

					
	$[             ]	 	Houston, Texas	 	December 21, 2005

 For value received, the undersigned
[                    ], a
[                    ] (“Borrower”), hereby promises to pay to the order of [    ]
(“Bank”), the principal amount of [ ] AND NO/100 DOLLARS ($[            ]) or, if less, the aggregate outstanding principal amount of the Revolving Loan Advances (as
defined in the Credit Agreement referred to below) made by the Bank to the Borrower, together with accrued but unpaid interest on the principal amount of each such Revolving Loan Advance from the date of such Revolving Loan Advance until such
principal amount is paid in full, at such interest rates, and at such times, as are specified in the Credit Agreement. 
 This Note is one of
the Revolving Loan Notes referred to in, and is entitled to the benefits of, and is subject to the terms of, the Credit Agreement dated as of December 21, 2005 (as the same may be modified from time to time, the “Credit Agreement”),
among Susser Holdings, L.L.C., a Delaware limited liability company, and SSP Partners, a Texas general partnership, as the Borrowers, the financial institutions parties thereto from time to time (“Banks”), and Bank of America, N.A.,
as administrative agent for the Banks (“Administrative Agent”). Capitalized terms used herein but not defined herein shall have the meanings specified by the Credit Agreement. The Credit Agreement, among other things, (a) provides
for the making of Revolving Loan Advances by the Bank to the Borrower from time to time, the indebtedness of the Borrower resulting from each such Revolving Loan Advance being evidenced by this Note, and (b) contains provisions for acceleration of
the maturity of this Note upon the happening of certain events stated in the Credit Agreement and for prepayments of principal prior to the maturity of this Note upon the terms and conditions specified in the Credit Agreement. 
 Both principal and interest are payable to the Administrative Agent in the currency, at the times, in the locations, and in the manner specified in the
Credit Agreement. The Bank shall record all Revolving Loan Advances and payments of principal made under this Note, but no failure of the Bank to make such recordings shall affect the Borrower’s repayment obligations under this Note.

 It is contemplated that because of prepayments there may be times when no indebtedness is owed under this Note. Notwithstanding such
prepayments, this Note shall remain valid and shall be in force as to Revolving Loan Advances made pursuant to the Credit Agreement after such prepayments. 
 It is the intention of the Bank and the Borrower to conform strictly to any applicable usury laws. Accordingly, the terms of the Credit Agreement relating to the prevention of usury will be strictly followed.

  

 E-1 

 Nothing in this Note shall be deemed to (i) limit the applicability of any otherwise applicable statutes
of limitation or repose and any waivers contained in this Note or the Credit Documents; or (ii) be a waiver by the Administrative Agent or any Bank of the protection afforded to it by 12 U.S.C. Sec. 91 or any substantially equivalent state law; or
(iii) limit the right of the Administrative Agent or any Bank hereto (A) to exercise self help remedies such as setoff, or (B) to take action to enforce rights under any security or support for the Credit Obligations, including foreclosing on
collateral and making claims under guaranties, or (C) to obtain from a court provisional or ancillary remedies such as injunctive relief, writ of possession, or the appointment of a receiver. The Administrative Agent and the Banks may exercise such
self help rights, enforce rights related to security or support, or obtain such provisional or ancillary remedies before, during, or after the pendency of any arbitration proceeding brought pursuant hereto. Neither this exercise of self help
remedies nor the institution or maintenance of an action for foreclosure or provisional or ancillary remedies shall constitute a waiver of the right of any party, including the claimant in any such action, to arbitrate the merits of the controversy
or claim occasioning resort to such remedies. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. 
 [remainder of page intentionally blank] 

 

 E-2 

 THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 
 THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES. 
 EXECUTED as of the date first above written. 
  

			
	[                        ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 E-3 

 Exhibit F 
 ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as
of the Effective Date set forth below and is entered into by and between [                    ] (the “Assignor”) and
[                    ] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them
in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the
Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations as a Bank under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent
related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swing
Line Loans included in such facilities1) and (ii) to the extent permitted to be assigned under applicable law, all
claims, suits, causes of action and any other right of the Assignor (in its capacity as a Bank) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered
pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in
equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

							
	1.	  	Assignor:    	  	  
	  	
				
	2.	  	Assignee:    	  	  
	  	[and is an Affiliate of [identify Bank]2]
				
	3.	  	Borrower(s):	  	  
	  	
		
	4.	  	Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement

	1	Include all applicable subfacilities. 

	2	Select as applicable. 

  

 F-1 

	5.	Credit Agreement: Credit Agreement, dated as of December 21, 2005 among Susser Holdings, L.L.C., a Delaware limited liability company, and SSP Partners, a Texas general
partnership, as Borrowers, the Banks from time to time party thereto, and Bank of America, N.A., as Administrative Agent for the Banks 

  

	6.	Assigned Interest: 

  

									
	 Facility
 Assigned3
	  	 Aggregate
 Amount of
 Commitment for
 all Banks
	  	 Amount of
 Commitment
 Assigned
	  	 Percentage
 Assigned of
 Commitment4
	  	CUSIP
Number
	                                    
 	  	$                	  	$                	  	                %	  	
	                                    
 	  	$                	  	$                	  	                %	  	
	                                    
 	  	$                	  	$                	  	                %	  	

 Effective Date:
                    , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Title:	 	  

	3	Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Loan
Commitment”). 

	4	Set forth, to at least 9 decimals, as a percentage of the Commitment of all Banks thereunder. 

  

 F-2 

			
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Title:	 	  

  

			
	[Consented to and]5 Accepted:
	
	BANK OF AMERICA, N.A., as
	      Administrative Agent
		
	By:	 	  

	Title:	 	  

	
	[Consented to:]6
		
	By:	 	  

	Title:	 	  

	5	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	6	To be added only if the consent of the Borrowers is required by the terms of the Credit Agreement. 

	

  

 F-3 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it
has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral
thereunder, (iii) the financial condition of the Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrowers, any of their Subsidiaries or
Affiliates or any other Person of any of their respective obligations under any Credit Document. 
 1.2. Assignee. The Assignee (a)
represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Bank under the Credit
Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the
provisions of the Credit Agreement as a Bank thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Bank thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent
financial statements delivered pursuant to Section __ thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to
purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Bank, and (v) if it is a foreign Bank, attached hereto is any documentation
required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other
Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms
all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Bank. 
 2. Payments. From
and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding
the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions.
This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 
  

 F-4 

 Exhibit G 
 CLOSING DOCUMENTS LIST 
 SUSSER HOLDINGS, LLC 
 SSP PARTNERS 
 $50,000,000 Revolving Credit Facility 
 December 21, 2005 
  

					
	Agent	 	=	    	Bank of America, N.A., as administrative and collateral agent
			
	Banks	 	=	    	The holders of the Promissory Notes listed below
			
	Borrowers	 	=	    	Susser Holdings, L.L.C. (“Parent Borrower”)
			
		 	=	    	SSP Partners (“Subsidiary Borrower”)
			
	Parent Guarantor	 	=	    	Stripes Holdings LLC
			
	Guarantors	 	=	    	The Parent Guarantor
		 		    	Susser Finance Corporation
		 		    	SSP Services L.P.
		 		    	SSP Holdings Limited Partnership
		 		    	Susser Petroleum Management Company, LLC
		 		    	S Interests Management Company, LLC
		 		    	SSP Services Management Company, LLC
		 		    	Susser Petroleum Company, LP
		 		    	APT Management Company, LLC
		 		    	 Applied Petroleum Technologies Ltd.
 Corpus Christi
Reimco, LLC

		 		    	C&G Investments, LLC
		 		    	SSP Beverage, LLC
		 		    	SSP BEVCO I LLC
		 		    	SSP BEVCO II LLC
		 		    	TND Beverage, LLC
			
	B&G	 	=	    	Bracewell & Giuliani, LLP

  

							
	 	  	 	  	Resp. Party	  	Status/Comments
		  	CREDIT DOCUMENTS	  		  	
	 1.
	  	Credit Agreement dated as of December 21, 2005, among the Borrowers, the Banks, and the Agent providing a $50,000,000 revolving line of credit for the Borrowers, including a letter of credit
subfacility and a swing line subfacility.	  	B&G	  	Final.

  

 G-1 

											
		  	    Exhibit A	 	-  	  	Form of Borrowing Base Certificate	  	B&G	  	Final.
		  	    Exhibit B	 	-  	  	Form of Compliance Certificate	  	B&G	  	Final.
		  	    Exhibit C	 	-  	  	Form of Revolving Loan Borrowing Request	  	B&G	  	Final.
		  	    Exhibit D	 	-  	  	Form of Continuation/Conversion Request	  	B&G	  	Final.
		  	    Exhibit E	 	-  	  	Form of Revolving Loan Note	  	B&G	  	Final.
		  	    Exhibit F	 	-  	  	Form of Assignment and Acceptance	  	B&G	  	Final.
		  	    Exhibit G	 	-  	  	Closing Documents List	  	B&G	  	Final.
		  	    Exhibit H	 	-  	  	Form of Joinder Agreement	  	B&G	  	Final.
		  	    Exhibit I-1	 	-  	  	New Bank Agreement	  	B&G	  	Final.
		  	    Exhibit I-2	 	-  	  	Revolving Loan Commitment Increase Agreement	  	B&G	  	Final.
						
		  	    Schedule I	 	-  	  	Administrative Information	  	B&G	  	Final.
		  	    Schedule II	 	-  	  	Existing Letters of Credit	  	Borrowers	  	Final.
		  	    Schedule 4.10	 	-  	  	Subsidiaries	  	Borrowers	  	Final.
		  	    Schedule 4.12	 	-  	  	Environmental	  	Borrowers	  	Final.
		  	    Schedule 5.5	 	-  	  	Consolidated EBITDAR	  	Borrowers	  	Final.
		  	    Schedule 5.8	 	-  	  	Debt	  	Borrowers	  	Final.
		  	    Schedule 5.9(a)	 	-  	  	Existing Liens	  	Borrowers	  	Final.
		  	    Schedule 5.9(b)	 	-  	  	Landlords’ Liens	  	Borrowers	  	Final.
		  	    Schedule 5.11	 	-  	  	Affiliate Transactions	  	Borrowers	  	Final.
				
	 2.        
	  	$20,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by
the Parent Borrower and payable to the order of Bank of America, N.A.	  	B&G	  	Final.
				
	 3.
	  	$20,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by
the Subsidiary Borrower and payable to the order of Bank of America, N.A.	  	B&G	  	Final.
				
	 4.
	  	$10,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by
the Parent Borrower and payable to the order of Merrill Lynch Capital
Corporation.	  	B&G	  	Final.

  

 G-2 

							
	5.        	  	$10,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by the Subsidiary Borrower and payable to the order of Merrill Lynch Capital Corporation.	  	B&G	  	Final.
				
	6.	  	$10,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by the Parent Borrower and payable to the order of Regions Bank.	  	B&G	  	Final.
				
	7.	  	$10,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by the Subsidiary Borrower and payable to the order of Regions Bank.	  	B&G	  	Final.
				
	8.	  	$10,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by the Parent Borrower and payable to the order of Texas State Bank.	  	B&G	  	Final.
				
	9.	  	$10,000,000 Promissory Note (Revolving Loan) dated as of December 21, 2005, made by the Subsidiary Borrower and payable to the order of Texas State Bank.	  	B&G	  	Final.
				
	10.	  	$7,500,000 Promissory Note (Swing Line) dated as of December 21, 2005, made by the Subsidiary Borrower and payable to the order of Bank of America, N.A., as Swing Line Lender	  	B&G	  	Final.
				
	11.	  	AutoBorrow Service Agreement, dated as of December 21, 2005, between the Subsidiary Borrower and Bank of America, N.A.	  	Agent	  	Final.
				
	12.	  	Fee Letter dated as of November 4, 2005, made by the Parent Guarantor in favor of the Agent, the Syndication Agent, and the Banks, regarding the upfront fees payable to the Agent and the
Banks.	  	Agent	  	Final.
				
	13.	  	Guaranty, dated as of December 21, 2005, made by the Parent Guarantor in favor of the Agent for the ratable benefit of the Banks guaranteeing the Credit Obligations.	  	B&G	  	Final.

  

 G-3 

											
	 14.        
	  	Guaranty, dated as of December 21, 2005, made by the other Guarantors in favor of the Agent for the ratable benefit of the Banks guaranteeing the Credit Obligations.	  	B&G	  	Final.
				
	 15.
	  	Security Agreement dated as of December 21, 2005, made by the Borrowers and the Guarantors in favor of the Agent for the ratable benefit of the Banks granting the Agent a first
priority security interest in such persons’ accounts receivables, inventory and equity interests.	  	B&G	  	Final.
						
		  	Schedule I	  	-  	  	Jurisdiction of Formation, Prior Names, and Trade Names	  	Borrowers	  	Final.
						
		  	Schedule 6.1	  	-  	  	Pledged Securities	  	Borrowers	  	Final.
				
	16.	  	UCC-1 Financing Statements for each Credit Party with respect to the Collateral under the Security Agreement	  	B&G	  	Final.
				
	17.	  	Borrowing Base Certificate dated as of December 21, 2005	  	Borrowers	  	Final.
				
	18.	  	Compliance Certificate dated as of December 21, 2005	  	Borrowers	  	Form final.
				
		  	OPINION AND CORPORATE DOCUMENTS	  		  	
				
	19.	  	Opinion of Counsel for the Credit Parties regarding the existence and good standing of the Credit Parties, the authorization of the Credit Documents by the Credit Parties, the
enforceability of the Credit Documents, the absence of conflicting agreements, the absence of material litigation, and certain other matters as described therein.	  	Borrowers
E.V. Bonner,
Jr.,
ML&B,
Porter Rogers	  	Final.
Final.
Final.
Final.
				
	20.	  	Certificate of Officer of the Parent Borrower, certifying the Parent Borrower’s existence and good standing in its state of formation, qualification in all material
jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of the Parent Borrower.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Formation	  	Borrowers	  	Received.

  

 G-4 

											
		  	Exhibit B	  	-  	  	Limited Liability Company Agreement	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	21.        	  	Certificate of the Partners of the Subsidiary Borrower, certifying the Subsidiary Borrower’s existence in its state of formation, qualifications in all material jurisdictions
where it conducts business, partnership agreement, and general partners.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Partnership Agreement	  	Borrowers	  	Received.
				
	22.	  	Certificate of Officer of the Parent Guarantor, certifying the Parent Guarantor’s existence and good standing in its state of formation, qualification in all material
jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of the Parent Guarantor.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Formation	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Limited Liability Company Agreement	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	23.	  	Certificate of the Officer of Susser Finance Corporation, certifying Susser Finance Corporation’s existence and good standing in its state of formation, qualification in all
material jurisdictions where it conducts business, certificate of incorporation, bylaws, and resolutions.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Incorporation	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Bylaws	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.

  

 G-5 

											
	24.        	  	Certificate of the Partners of SSP Services L.P., certifying SSP Services L.P.’s existence in its state of formation, qualification in all material jurisdictions where it
conducts business, partnership agreement, and general and limited partners.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Limited Partnership	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Limited Partnership Agreement	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
				
	25.	  	Certificate of Partners of SSP Holdings Limited Partnership, certifying SSP Holdings Limited Partnership’s existence in its state of formation, qualification in all material
jurisdictions where it conducts business, partnership agreement, and general partner of SSP Holdings Limited Partnership.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Limited Partnership	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Limited Partnership Agreement	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
				
	26.	  	Certificate of Officer of Susser Petroleum Management Company, LLC, certifying Susser Petroleum Management Company, LLC’s existence and good standing in its state of formation,
qualifications in all material jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of Susser Petroleum Management Company, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
		  	Exhibit F	  	-  	  	Certificate of Foreign Qualification	  	Borrowers	  	Received.

  

 G-6 

											
	27.        	  	Certificate of Officer of S Interests Management Company, LLC, certifying S Interests Management Company, LLC’s existence and good standing in its state of formation,
qualifications in all material jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of S Interests Management Company, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
		  	Exhibit F	  	-  	  	Certificate of Foreign Qualification	  	Borrowers	  	Received.
				
	28.	  	Certificate of Officer of SSP Services Management Company, LLC, certifying SSP Services Management Company, LLC’s existence and good standing in its state of formation,
qualifications in all material jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of SSP Services Management Company, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	29.	  	Certificate of Partners of Susser Petroleum Company, LP, certifying Susser Petroleum Company, LP’s existence in its state of formation, qualification in all material
jurisdictions where it conducts business, partnership agreement, and general and limited partners.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Limited Partnership	  	Borrowers	  	Received.

  

 G-7 

											
		  	Exhibit B	  	-  	  	Limited Partnership Agreement	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
				
	30.        	  	Certificate of Officer of APT Management Company, LLC, certifying APT Management Company, LLC’s existence and good standing in its state of formation, qualifications in all
material jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of APT Management Company, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	31.	  	Certificate of the Partners of Applied Petroleum Technologies Ltd., certifying Applied Petroleum Technologies Ltd.’s existence in its state of formation, qualification in all
material jurisdictions where it conducts business, partnership agreement, and general and limited partners.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Limited Partnership	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Limited Partnership Agreement	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
				
	32.	  	Certificate of Officer of Corpus Christi Reimco, LLC, certifying Corpus Christi Reimco, LLC’s existence and good standing in its state of formation, qualifications in all
material jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of Corpus Christi Reimco, LLC.	  	Borrowers	  	Final.

  

 G-8 

											
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Limited Liability Company Agreement	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
				
	33.        	  	Certificate of Officer of C&G Investments, LLC, certifying C&G Investments, LLC’s existence and good standing in its state of formation, qualifications in all material
jurisdictions where it conducts business, limited liability company agreement, resolutions, and authorized officers of C&G Investments, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Certificate of Formation	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Operating Agreement	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	34.	  	Certificate of Officer of SSP Beverage, LLC, certifying SSP Beverage, LLC’s existence and good standing in its state of formation, qualifications in all material jurisdictions
where it conducts business, limited liability company agreement, resolutions, and authorized officers of SSP Beverage, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Conversion	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	35.	  	Certificate of Officer of SSP BEVCO I LLC, certifying SSP BEVCO I LLC’s existence and good standing in its state of formation, qualifications in all material jurisdictions where
it conducts business, limited liability company agreement, resolutions, and authorized officers of SSP BEVCO I LLC.	  	Borrowers	  	Final.

  

 G-9 

											
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	36.        	  	Certificate of Officer of SSP BEVCO II LLC, certifying SSP BEVCO II LLC’s existence and good standing in its state of formation, qualifications in all material jurisdictions
where it conducts business, limited liability company agreement, resolutions, and authorized officers of SSP BEVCO II LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Organization	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	37.	  	Certificate of Officer of TND Beverage, LLC, certifying TND Beverage, LLC’s existence and good standing in its state of formation, qualifications in all material jurisdictions
where it conducts business, limited liability company agreement, resolutions, and authorized officers of TND Beverage, LLC.	  	Borrowers	  	Final.
						
		  	Exhibit A	  	-  	  	Articles of Conversion	  	Borrowers	  	Received.
		  	Exhibit B	  	-  	  	Regulations	  	Borrowers	  	Received.
		  	Exhibit C	  	-  	  	Resolutions	  	Borrowers	  	Received.
		  	Exhibit D	  	-  	  	Certificate of Existence	  	Borrowers	  	Received.
		  	Exhibit E	  	-  	  	Certificate of Good Standing	  	Borrowers	  	Received.
				
	38.	  	Officer’s Certificate regarding satisfaction of closing conditions pursuant to Section 3.1(a) of the Credit Agreement	  	Borrowers	  	Final.
				
	39.	  	Solvency Certificate with respect to the Credit Parties (taken as a whole and giving effect to the Transactions)	  	Borrowers	  	Final.

  

 G-10 

							
		  	COLLATERAL AND DILIGENCE ITEMS	  		  	
				
	40.	  	UCC lien searches on the name of each Credit Party in each jurisdiction where filing would be necessary to perfect security interests against such Credit Party.	  	Borrowers	  	Received.
				
	41.	  	Property insurance policies and certificates showing compliance with the insurance requirements under the Credit Documents.	  	Borrowers	  	Received.
				
	42.	  	Current and proposed organizational charts of the Borrowers and their affiliates	  	Borrowers	  	Received.
				
	43.	  	Release of Deed of Trust, releasing the Deed of Trust, Security Agreement, Fixture Filing, and Assignment of Rents, dated March 28, 2002, as amended, granted by SSP Partners, in favor of Michael
F. Hord for the ratable benefit of the Banks.	  	B&G	  	Final.
				
	44.	  	Payoff Letter with respect to the Existing Credit Facility	  	B&G	  	Final.
				
	45.	  	Payoff Letters with respect to other debt being extinguished at closing and copies of UCC-3 Termination Statements to be filed in connection with same	  	Borrowers	  	Received.
				
	46.	  	Final, executed copy of the Management Services Agreement	  	Borrowers	  	Form is attached
as exhibit to
Merger
Agreement.
				
	47.	  	Final, executed copy of the principal Note Purchase and Indenture documents	  	Borrowers	  	Not yet received.
				
	48.	  	Final, executed copies of the Sale-Leaseback documents (Purchase Agreement and form of Lease)	  	Borrowers	  	Received.
				
	49.	  	Final, executed copy of the Merger Agreement	  	Borrowers	  	Received.

  

 G-11 

 Exhibit H 
 FORM OF JOINDER AGREEMENT 
 ([Subsidiary]) 
 Reference is made to the Credit Agreement dated as of December 21, 2005 (as the same may be modified from time to time, the “Credit
Agreement,” the defined terms of which are used in this Joinder Agreement unless otherwise defined in this Joinder Agreement) among Susser Holdings, L.L.C., a Delaware limited liability company (the “Parent Borrower”), and
SSP Partners, a Texas general partnership (the “Subsidiary Borrower” and together with the Parent Borrower, the “Borrowers” with each being a “Borrower”), the financial institutions parties thereto
from time to time (the “Banks”), and Bank of America, N.A., as administrative agent for the Banks (the “Administrative Agent”). Reference is also made to the Security Agreement dated as of December 21, 2005 (as the
same may be modified from time to time, the “Security Agreement”) among the Borrowers, Stripes Holdings LLC, a Delaware limited liability company (the “Parent”), certain subsidiaries of the Parent and the
Administrative Agent. [Subsidiary], a [state] [form of entity] (the “Subsidiary”), hereby agrees with the Borrowers and the Administrative Agent as follows: 
 In accordance with Section 5.19 of the Credit Agreement, the Subsidiary hereby (a) joins the Security Agreement as a party thereto and assumes all
the obligations of a Debtor (as defined in the Security Agreement) under the Security Agreement, (b) agrees to be bound by the provisions of the Security Agreement as if the Subsidiary had been an original party to the Security Agreement, and (c)
confirms that, after joining the Security Agreement as set forth above, the representations and warranties set forth in the Credit Agreement and the Security Agreement with respect to the Subsidiary are true and correct in all material respects as
of the date of this Joinder Agreement. 
 For purposes of notices under the Security Agreement, the notice address for the Subsidiary is as
follows: 
  

							
		 	  	 	  
		 	  	 	  
		 	  	 	  
		 	Attention:	 	  	 	  
		 	Telephone:	 	(    )	 	  
		 	Telecopy:	 	(    )	 	  

 THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 
 THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES. 
  

 H-1 

 IN WITNESS WHEREOF this Joinder Agreement is executed and delivered as of the
     day of                     , 200  . 
  

			
	[SUBSIDIARY]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 H-2 

 Exhibit I-1 
 FORM OF 
 NEW BANK AGREEMENT 
 This New Bank Agreement dated as of                      (this “Agreement”) is by and among
Susser Holdings, L.L.C., a Delaware limited liability company (the “Parent Borrower”), SSP Partners, a Texas general partnership (the “Subsidiary Borrower” and together with the Parent Borrower, the
“Borrowers” with each being a “Borrower”), Bank of America, N.A., in its capacity as administrative agent under the Credit Agreement described below (the “Administrative Agent”), and
                     (the “New Bank”). Reference is made to the Credit Agreement dated as of December 21, 2005 (as it may be
modified from time to time, the “Credit Agreement”) among the Borrowers, the Administrative Agent, and the financial institutions named therein (the “Banks”). Capitalized terms used herein but not defined herein
shall have the meanings specified by the Credit Agreement. 
 PRELIMINARY STATEMENTS 
  

	A.	Pursuant to Section 2.13 of the Credit Agreement, the Borrowers have the right, subject to the terms and conditions thereof, to add to the Credit Agreement one or more
lenders that are Eligible Assignees under the Credit Agreement. 

  

	B.	The Borrowers have given notice to the Administrative Agent pursuant to Section 2.13 of the Credit Agreement of its intention to add the New Bank to the Credit Agreement as a
Bank with a Revolving Loan Commitment of $    , and the Administrative Agent is willing to consent thereto. 

 Accordingly, the parties hereto agree as follows: 
 1. Addition of New Bank. Pursuant to Section 2.13 of the Credit Agreement, the New
Bank is hereby added to the Credit Agreement as a Bank with a Revolving Loan Commitment of $            . The New Bank specifies as its Lending Office(s) the following:

  

					
		 	  
		 	  
		 	  
		 	Attention:	 	  
		 	Telephone:	 	  
		 	Telecopy:	 	  

 2. New Note. Each Borrower agrees to promptly execute and deliver to the New Bank a Revolving Loan Note in
the amount of its Revolving Loan Commitment set forth in Section 1 above (“New Note”). 
  

 I-1-1 

 3. Consent. The Administrative Agent and the Borrowers hereby consent to the addition of the New Bank effectuated
hereby. 
 4. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 5. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 6. Bank Credit
Decision. The New Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Bank and based on the financial statements and such other documents and information as it has deemed appropriate, made
its own credit analysis and decision to enter into this Agreement and to agree to the various matters set forth herein. The New Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Bank
and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement. 
 7. Representations and Warranties of the Borrowers. Each Borrower jointly and severally represents and warrants as follows: 
 (a) The execution, delivery, and performance by such Borrower of this Agreement and the New Note and the consummation of the transactions contemplated thereby (i) do not contravene the organizational documents of such
Borrower, (ii) have been duly authorized by all necessary limited liability company or partnership action of such Borrower, and (iii) are within such Borrower’s limited liability company or partnership powers. 
 (b) This Agreement has been duly executed and delivered by such Borrower and constitutes the legal, valid, and binding obligation of such Borrower,
enforceable against such Borrower in accordance with the Agreement’s terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws at the time in effect affecting the rights of creditors generally
and subject to the availability of equitable remedies. 
 (c) The execution, delivery, and performance by such Borrower of this Agreement and
the New Note and the consummation of the transactions contemplated thereby, (i) do not result in any violation or breach of any provisions of, or constitute a default under, any note, indenture, credit agreement, security agreement, credit support
agreement, or other similar agreement to which such Borrower is a party or any other material contract or agreement to which such Borrower is a party, (ii) do not violate any law or regulation binding on or affecting such Borrower, (iii) do not
require any authorization, approval, or other action by, or any notice to or filing with, any governmental authority, and (iv) do not result in or require the creation or imposition of any Lien prohibited by this Agreement. 
  

 I-1-2 

 (d) After giving effect to this Agreement and any other New Bank Agreements and Revolving Loan Commitment
Increase Agreements, such Borrower will be in compliance with the limitation set forth in clause (a) of the proviso to the first sentence of Section 2.13 of the Credit Agreement. 
 (e) [No Revolving Loans are outstanding.] [Arrangements satisfactory to the Administrative Agent have been made to prepay all outstanding Revolving
Loans, together with accrued interest thereon and any amounts payable pursuant to Section 2.6 of the Credit Agreement.] 
 [(f) The
resolutions duly adopted by the respective boards of directors or other governing body of such Borrower and the Guarantors on [date], are sufficient to authorize this Agreement, the New Note, and the Guaranty thereof and security therefor, as
applicable, and such resolutions remain in full force and effect.] 
 8. Default. Without limiting any other event that may constitute an Event of
Default, in the event any representation or warranty set forth herein shall prove to have been incorrect or misleading in any material respect when made, such event shall constitute an “Event of Default” under the Credit Agreement.

 9. Expenses. Each Borrower agrees to pay on demand all costs and expenses of the Administrative Agent in connection with the preparation,
negotiation, execution, and delivery of this Agreement and the New Note, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto. 
 10. Effectiveness. When, and only when, the Administrative Agent shall have received counterparts of, or telecopied signature pages of, this Agreement executed by
the Borrowers, the Administrative Agent, and the New Bank, this Agreement shall become effective as of the date first written above. 
 11. Eligible
Assignee. The New Bank represents and warrants that it is an Eligible Assignee. 
 12. Appointment of Agent. The New Bank hereby appoints and
authorizes the Administrative Agent to take such action as Administrative Agent on its behalf and to exercise such powers and discretion under the Credit Documents as are delegated to the Administrative Agent by the terms thereof, together with such
powers and discretion as are reasonably incidental thereto. 
  

 I-1-3 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective
officers thereunto duly authorized, as of the date first above written. 
  

			
	BORROWERS:
	
	SUSSER HOLDINGS, L.L.C.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SSP PARTNERS
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	NEW BANK:
	
	[NAME OF NEW BANK]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 I-1-4 

 Exhibit I-2 
 FORM OF 
 REVOLVING LOAN COMMITMENTS INCREASE AGREEMENT 
 This Revolving Loan Commitment Increase Agreement dated as of [date],
                 (this “Agreement”) is by and among Susser Holdings, L.L.C., a Delaware limited liability company (the “Parent
Borrower”), the SSP Partners, a Texas general partnership (the “Subsidiary Borrower” and together with the Parent Borrower, the “Borrowers” with each being a “Borrower”), Bank of America,
N.A., in its capacity as administrative agent under the Credit Agreement described below (the “Administrative Agent”), and ___________ (“Increasing Bank”). Reference is made to the Credit Agreement dated as of
December 21, 2005 (as it may be modified from time to time, the “Credit Agreement”) among the Borrowers, the Administrative Agent, and the financial institutions named therein (the “Banks”). Capitalized terms used
herein but not defined herein shall have the meanings specified by the Credit Agreement. 
 Preliminary Statements 
  

	A.	Pursuant to Section 2.13 of the Credit Agreement, the Borrowers have the right, subject to the terms and conditions thereof, to allow a Bank to increase that Bank’s
Revolving Loan Commitment. 

  

	B.	The Borrowers have given notice to the Administrative Agent of their intention, pursuant to such Section 2.13 and with the consent of the Increasing Bank, to increase the
Revolving Loan Commitment of the Increasing Bank from $     to $    , and the Administrative Agent is willing to consent thereto. 

 Accordingly, the parties hereto agree as follows: 
 1.
Increase of Commitment. Pursuant to Section 2.13 of the Credit Agreement, the Revolving Loan Commitment of the Increasing Bank is hereby increased from $
                to $                 . 
 2. New Note. Each Borrower agrees to promptly execute and deliver to the Increasing Bank a new Note in the amount of its increased Revolving Loan Commitment set
forth in Section 1 above (the “New Note”), and the Increasing Bank agrees to return to such Borrower, with reasonable promptness, the Note previously delivered to the Increasing Bank by such Borrower or a lost affidavit
pertaining to such Note. 
 3. Consent. The Administrative Agent hereby consents to the increase in the Revolving Loan Commitment of the Increasing
Bank effectuated hereby. 
 4. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New
York. 
  

 I-2-1 

 5. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 6. Bank Credit Decision. The Increasing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Bank and based on the financial statements and such other
documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and to agree to the various matters set forth herein. The Increasing Bank also acknowledges that it will, independently
and without reliance upon the Administrative Agent or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement. 
 7. Representations and Warranties of the Borrowers. Each Borrower represents and warrants as follows: 
 (a) The execution, delivery, and performance by such Borrower of this Agreement and the New Note and the consummation of the transactions contemplated
thereby (i) do not contravene the organizational documents of such Borrower, (ii) have been duly authorized by all necessary limited liability company or partnership action of such Borrower, and (iii) are within such Borrower’s limited
liability company or partnership powers. 
 (b) This Agreement has been duly executed and delivered by such Borrower and constitutes the
legal, valid, and binding obligation of such Borrower, enforceable against such Borrower in accordance with the Agreement’s terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws at the time
in effect affecting the rights of creditors generally and subject to the availability of equitable remedies. 
 (c) The execution, delivery,
and performance by such Borrower of this Agreement and the New Note and the consummation of the transactions contemplated thereby, (i) do not result in any violation or breach of any provisions of, or constitute a default under, any note, indenture,
credit agreement, security agreement, credit support agreement, or other similar agreement to which such Borrower is a party or any other material contract or agreement to which such Borrower is a party, (ii) do not violate any law or regulation
binding on or affecting such Borrower, (iii) do not require any authorization, approval, or other action by, or any notice to or filing with, any governmental authority, and (iv) do not result in or require the creation or imposition of any Lien
prohibited by this Agreement. 
 (d) After giving effect to this Agreement and any other New Bank Agreements and Revolving Loan Commitment
Increase Agreements, such Borrower will be in compliance with the limitation set forth in clause (a) of the proviso to the first sentence of Section 2.13 of the Credit Agreement. 
 (e) [No Revolving Loans are outstanding.] [Arrangements satisfactory to the Administrative Agent have been made to prepay all outstanding Revolving
Loans, together with accrued interest thereon and any amounts payable pursuant to Section 2.6 of the Credit Agreement.] 
  

 I-2-2 

 [(f) The resolutions duly adopted by the respective boards of directors or other governing body of such
Borrower and the Guarantors on [date], are sufficient to authorize this Agreement, the New Note, and the Guaranty thereof and security therefor, as applicable, and such resolutions remain in full force and effect.] 
 8. Default. Without limiting any other event that may constitute an Event of Default, in the event any representation or warranty set forth herein shall prove to
have been incorrect or misleading in any material respect when made, such event shall constitute an “Event of Default” under the Credit Agreement. 
 9. Expenses. Each Borrower agrees to pay on demand all costs and expenses of the Administrative Agent in connection with the preparation, negotiation, execution, and delivery of this Agreement and the New Note, including, without
limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto. 
 10. Effectiveness. When,
and only when, the Administrative Agent shall have received counterparts of, or telecopied signature pages of, this Agreement executed by the Borrowers, the Administrative Agent and the Increasing Bank, this Agreement shall become effective as of
the date first written above. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly
authorized, as of the date first above written. 
  

			
	BORROWERS:
	
	SUSSER HOLDINGS, L.L.C.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SSP PARTNERS
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 I-2-3 

			
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	INCREASING BANK:
	
	[NAME OF INCREASING BANK]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 I-2-4

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