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SUBSIDARY GUARANTY

 EXHIBIT 10.2 
 EXECUTION VERSION 
 SUBSIDIARY GUARANTEE AGREEMENT 

SUBSIDIARY GUARANTEE (as amended, modified, restated and/or supplemented from time to time, this “Guarantee”), dated as
of July 29, 2011, made by and among each of the undersigned guarantors (each, a “Guarantor” and, together with any other entity that becomes a guarantor hereunder pursuant to Section 23 hereof, collectively, the
“Guarantors”) in favor of JPMorgan Chase Bank, N.A., as Administrative Agent (together with any successor administrative agent, the “Administrative Agent”), for the benefit of the Guaranteed Creditors (as defined
below). Except as otherwise defined herein, all capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined. 
 W I T N E S S E T H : 
 WHEREAS, Reynolds American Inc. (the “Borrower”), the lenders from time to time party thereto (the “Lenders”) and the Administrative Agent have entered into a Credit
Agreement, dated as of July 29, 2011 (as amended, modified, restated and/or supplemented from time to time, the “Credit Agreement”), providing for the making of Loans to, and the issuance of, and participation in, Letters of
Credit for the account of the Borrower, all as contemplated therein (the Lenders, each Issuing Bank, each Swingline Lender, the Administrative Agent and their subsequent permitted assigns are herein called the “Guaranteed
Creditors”); 
 WHEREAS, each Guarantor is a direct or indirect Subsidiary of the Borrower; 

WHEREAS, the Credit Agreement requires that this Guarantee be executed and delivered; and 

WHEREAS, each Guarantor will obtain benefits from the incurrence of Loans by the Borrower and the issuance of, and participation in,
Letters of Credit for the account of the Borrower under the Credit Agreement and, accordingly, desires to execute this Guarantee in order to induce the Lenders to make Loans to the Borrower and issue, and/or participate in, Letters of Credit for the
account of the Borrower; 
 NOW, THEREFORE, in consideration of the foregoing and other benefits accruing to each Guarantor, the
receipt and sufficiency of which are hereby acknowledged, each Guarantor hereby makes the following representations and warranties to the Administrative Agent for the benefit of the Guaranteed Creditors and hereby covenants and agrees with each
other Guarantor and the Administrative Agent for the benefit of the Guaranteed Creditors as follows: 
 1. GUARANTEE. (a)
Each Guarantor, jointly and severally, irrevocably, absolutely and unconditionally guarantees as a primary obligor and not merely as surety to the Guaranteed Creditors the full and prompt payment when due (whether at the stated maturity, by required
prepayment, declaration, acceleration, demand or otherwise) of the principal of and interest on all Loans incurred by the Borrower and all reimbursement obligations for LC 

 
Disbursements with respect to Letters of Credit issued for the account of the Borrower, together with all the other obligations (including obligations which, but for the automatic stay under
Section 362(a) of the Bankruptcy Code, would become due) and liabilities and indebtedness (including, without limitation, indemnities and fees (including any interest accruing after the commencement of any bankruptcy, insolvency, receivership
or similar proceeding at the rate provided for in the Credit Agreement, whether or not such interest is an allowed claim in any such proceeding)) owing by the Borrower to any Guaranteed Creditor, whether now existing or hereafter incurred under,
arising out of or in connection with, the Credit Agreement and the due performance and compliance by the Borrower with all of the terms, conditions and agreements contained in the Credit Agreement (all such principal, interest, liabilities,
indebtedness and obligations under this clause (a) being herein collectively called the “Guaranteed Obligations”). 
 Each Guarantor understands, agrees and confirms that the Guaranteed Creditors may enforce this Guarantee up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding
against any other Guarantor or the Borrower or under any other guarantee covering all or a portion of the Guaranteed Obligations. This Guarantee is a guarantee of prompt payment and performance and not of collection. 

(b) Additionally, each Guarantor, jointly and severally, unconditionally, absolutely and irrevocably, guarantees the payment of any and
all Guaranteed Obligations whether or not due or payable by the Borrower upon the occurrence in respect of the Borrower of any of the events specified in clauses (h), (i) and (j) of Article VII of the Credit Agreement, and unconditionally,
absolutely and irrevocably, jointly and severally, promises to pay such Guaranteed Obligations to the Guaranteed Creditors, or order, on demand. 
 2. LIABILITY OF GUARANTORS ABSOLUTE. The liability of each Guarantor hereunder is primary, absolute, joint and several, and unconditional and is exclusive and independent of any other guarantee of
the indebtedness of the Borrower whether executed by such Guarantor, any other Guarantor, any other guarantor or by any other party, and the liability of each Guarantor hereunder shall not be affected or impaired by any circumstance or occurrence
whatsoever, including, without limitation: (a) any direction as to application of payment by the Borrower or any other party, (b) any other continuing or other guarantee, undertaking or maximum liability of a Guarantor or of any other
party as to the Guaranteed Obligations, (c) any payment on or in reduction of any such other guarantee or undertaking, (d) any dissolution, termination or increase, decrease or change in personnel by the Borrower, (e) the failure of
the Guarantor to receive any benefit from or as a result of its execution, delivery and performance of this Guarantee, (f) any payment made to any Guaranteed Creditor on the indebtedness which any Guaranteed Creditor repays the Borrower
pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each Guarantor waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding,
(g) any action or inaction by the Guaranteed Creditors as contemplated in Section 5 hereof or (h) any invalidity, rescission, irregularity or unenforceability of all or any part of the Guaranteed Obligations. 

3. OBLIGATIONS OF GUARANTORS INDEPENDENT. The obligations of each Guarantor hereunder are independent of the obligations of any
other Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other

  
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guarantor or the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Guarantor waives (to the fullest extent
permitted by applicable law) the benefits of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the
Borrower shall operate to toll the statute of limitations as to each Guarantor. 
 4. WAIVERS BY GUARANTORS. (a) Each
Guarantor hereby waives (to the fullest extent permitted by applicable law) notice of acceptance of this Guarantee and notice of the existence, creation or incurrence of any new or additional liability to which it may apply, and waives promptness,
diligence, presentment, demand of payment, demand for performance, protest, notice of dishonor or nonpayment of any such liabilities, suit or taking of other action by the Administrative Agent or any other Guaranteed Creditor against, and any other
notice to, any party liable thereon (including such Guarantor, any other Guarantor, any other guarantor or the Borrower) and each Guarantor further hereby waives any and all notice of the creation, renewal, extension or accrual of any of the
Guaranteed Obligations and notice or proof of reliance by any Guaranteed Creditor upon this Guarantee, and the Guaranteed Obligations shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended, modified,
supplemented or waived, in reliance upon this Guarantee. 
 (b) Each Guarantor waives any right to require the Guaranteed
Creditors to: (i) proceed against the Borrower, any other Guarantor, any other guarantor of the Guaranteed Obligations or any other party; or (ii) pursue any other remedy in the Guaranteed Creditors’ power whatsoever. Each Guarantor
waives any defense based on or arising out of any defense of the Borrower, any other Guarantor, any other guarantor of the Guaranteed Obligations or any other party other than payment in full in cash of the Guaranteed Obligations, including, without
limitation, any defense based on or arising out of the disability of the Borrower, any other Guarantor, any other guarantor of the Guaranteed Obligations or any other party, or the unenforceability of the Guaranteed Obligations or any part thereof
from any cause, or the cessation from any cause of the liability of the Borrower other than payment in full in cash of the Guaranteed Obligations. The Guaranteed Creditors may, at their election, exercise any right or remedy the Guaranteed Creditors
may have against the Borrower or any other party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Guaranteed Obligations have been paid in full in cash. Each Guarantor waives any defense
arising out of any such election by the Guaranteed Creditors, even though such election operates to impair or extinguish any right of reimbursement, contribution, indemnification or subrogation or other right or remedy of such Guarantor against the
Borrower, any other guarantor of the Guaranteed Obligations or any other party. 
 (c) Each Guarantor has knowledge and assumes
all responsibility for being and keeping itself informed of the Borrower’s and each other Guarantor’s financial condition, affairs and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations
and the nature, scope and extent of the risks which such Guarantor assumes and incurs hereunder, and has adequate means to obtain from the Borrower and each other Guarantor on an ongoing basis information relating thereto and the Borrower’s and
each other Guarantor’s ability to pay and perform its respective Guaranteed Obligations, and agrees to assume the responsibility for keeping, and to keep, so informed for so long as this Guarantee is

  
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in effect. Each Guarantor acknowledges and agrees that (x) the Guaranteed Creditors shall have no obligation to investigate the financial condition or affairs of the Borrower or any other
Guarantor for the benefit of such Guarantor nor to advise such Guarantor of any fact respecting, or any change in, the financial condition, assets or affairs of the Borrower or any other Guarantor that might become known to any Guaranteed Creditor
at any time, whether or not such Guaranteed Creditor knows or believes or has reason to know or believe that any such fact or change is unknown to such Guarantor, or might (or does) increase the risk of such Guarantor as guarantor hereunder, or
might (or would) affect the willingness of such Guarantor to continue as a guarantor of the Guaranteed Obligations hereunder and (y) the Guaranteed Creditors shall have no duty to advise any Guarantor of information known to them regarding any
of the aforementioned circumstances or risks. 
 (d) Each Guarantor hereby acknowledges and agrees that no Guaranteed Creditor
nor any other Person shall be under any obligation to pursue any remedy that such Guarantor may or may not be able to pursue itself any right to which such Guarantor hereby waives. 

(e) Each Guarantor warrants and agrees that each of the waivers set forth in Section 3 and in this Section 4 is made with full
knowledge of its significance and consequences and that if any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by applicable law. 

5. RIGHTS OF GUARANTEED CREDITORS. Subject to Section 4, any Guaranteed Creditor may (except as shall be required by
applicable statute and cannot be waived) at any time and from time to time without the consent of, or notice to, any Guarantor, without incurring responsibility to such Guarantor, without impairing or releasing the obligations or liabilities of such
Guarantor hereunder, upon or without any terms or conditions and in whole or in part: 
 (a) change the manner,
place or terms of payment of, and/or change, increase or extend the time of payment of, renew, increase, accelerate or alter, any of the Guaranteed Obligations (including, without limitation, any increase or decrease in the rate of interest thereon
or the principal amount thereof), or any liability incurred directly or indirectly in respect thereof, and this Guarantee shall apply to the Guaranteed Obligations as so changed, extended, increased, accelerated, renewed or altered; 

(b) exercise or refrain from exercising any rights against the Borrower, any other Loan Party, any other guarantor of the
Borrower or others or otherwise act or refrain from acting; 
 (c) release or substitute any one or more
endorsers, Guarantors, other guarantors, the Borrower or other obligors; 
 (d) settle or compromise any of the
Guaranteed Obligations or any liability (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or any part thereof to the payment of any liability (whether due or not)
of the Borrower to the respective creditors of the Borrower other than the Guaranteed Creditors; 

  
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 (e) apply any sums by whomsoever paid or howsoever realized to any liability
or liabilities of the Borrower to the Guaranteed Creditors regardless of what liabilities of the Borrower remain unpaid; 
 (f) consent to or waive any breach of, or any act, omission or default under, any of the Loan Documents or any of the instruments or agreements referred to therein, or otherwise amend, modify or
supplement any of the Loan Documents or any of such other instruments or agreements; 
 (g) act or fail to act in
any manner which may deprive such Guarantor of its right to subrogation against the Borrower to recover full indemnity for any payments made pursuant to this Guarantee; and/or 

(h) take any other action or omit to take any other action which would, under otherwise applicable principles of common
law, give rise to a legal or equitable discharge of such Guarantor from its liabilities under this Guarantee (including, without limitation, any action or omission whatsoever that might otherwise vary the risk of such Guarantor or constitute a legal
or equitable defense to or discharge of the liabilities of a guarantor or surety that might otherwise limit recourse against such Guarantor). 
 No invalidity, illegality, irregularity or unenforceability of all or any part of the Guaranteed Obligations, the Loan Documents or any other agreement or instrument relating to the Guaranteed Obligations
or of any guarantee therefor shall affect, impair or be a defense to this Guarantee, and this Guarantee shall be primary, absolute and unconditional notwithstanding the occurrence of any event or the existence of any other circumstances which might
constitute a legal or equitable discharge of a surety or guarantor except payment in full in cash of the Guaranteed Obligations. 
 6. CONTINUING GUARANTEE. This Guarantee is a continuing one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in
reliance hereon. No failure or delay on the part of any Guaranteed Creditor in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein expressly specified are cumulative and not exclusive of any rights or remedies which any Guaranteed Creditor would
otherwise have. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other further notice or demand in similar or other circumstances or constitute a waiver of the rights of any Guaranteed Creditor to any other or
further action in any circumstances without notice or demand. It is not necessary for any Guaranteed Creditor to inquire into the capacity or powers of the Borrower or the officers, directors, partners or agents acting or purporting to act on its
behalf, and any Guaranteed Obligations incurred in reliance upon the professed exercise of such powers shall be guaranteed hereunder. 
 7. SUBORDINATION OF INDEBTEDNESS HELD BY GUARANTORS. Any indebtedness of the Borrower now or hereafter held by any Guarantor is hereby subordinated to the indebtedness of the Borrower to the
Guaranteed Creditors; and such indebtedness of the Borrower to any Guarantor, if the Administrative Agent, after an Event of Default has occurred 

  
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and is continuing, so requests, shall be collected, enforced and received by such Guarantor as trustee for the Guaranteed Creditors and be paid over to the Guaranteed Creditors on account of the
indebtedness of the Borrower to the Guaranteed Creditors, but without affecting or impairing in any manner the liability of such Guarantor under the other provisions of this Guarantee. Prior to the transfer by any Guarantor of any note or negotiable
instrument evidencing any indebtedness of the Borrower to such Guarantor, such Guarantor shall mark such note or negotiable instrument with a legend that the same is subject to this subordination. Without limiting the generality of the foregoing,
each Guarantor hereby agrees with the Guaranteed Creditors that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this Guarantee (whether contractual, under Section 509 of the Bankruptcy Code
or otherwise) until all Guaranteed Obligations have been irrevocably paid in full in cash; provided, that if any amount shall be paid to such Guarantor on account of such subrogation rights at any time prior to the irrevocable payment in full
in cash of all the Guaranteed Obligations, such amount shall be held in trust for the benefit of the Guaranteed Creditors and shall forthwith be paid to the Guaranteed Creditors to be credited and applied upon the Guaranteed Obligations, whether
matured or unmatured, in accordance with the terms of the Loan Documents or, if the Loan Documents do not provide for the application of such amount, to be held by the Guaranteed Creditors as collateral security for any Guaranteed Obligations
thereafter existing. 
 8. GUARANTEE ENFORCEABLE BY ADMINISTRATIVE AGENT. Notwithstanding anything to the contrary
contained elsewhere in this Guarantee, the Guaranteed Creditors agree (by their acceptance of the benefits of this Guarantee) that this Guarantee may be enforced only by the action of the Administrative Agent acting upon the instructions of the
Required Lenders and that no other Guaranteed Creditor shall have any right individually to seek to enforce or to enforce this Guarantee, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent, for
the benefit of the Guaranteed Creditors upon the terms of this Guarantee. The Guaranteed Creditors further agree that this Guarantee may not be enforced against any director, officer, employee, partner, member or stockholder of any Guarantor (except
to the extent such partner, member or stockholder is also a Guarantor hereunder). It is understood and agreed that the agreement in this Section 8 is among and solely for the benefit of the Guaranteed Creditors and that, if the Required Lenders
so agree (without requiring the consent of any Guarantor), this Guarantee may be directly enforced by any Guaranteed Creditor. 

9. REPRESENTATIONS, WARRANTIES AND COVENANTS OF GUARANTORS. In order to induce the Lenders to make Loans to, and issue Letters of
Credit for the account of, the Borrower pursuant to the Credit Agreement, each Guarantor represents, warrants and covenants that: 
 (a) such Guarantor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now
conducted and, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such
qualification is required; 

  
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 (b) such Guarantor has the corporate, partnership or limited liability
company power and authority, as the case may be, to execute, deliver and perform the terms and provisions of this Guarantee and each other Loan Document to which it is a party and has taken all necessary corporate, partnership or limited liability
company action, as the case may be, and, if required, stockholder action, to authorize the execution, delivery and performance by it of this Guarantee and each such other Loan Document; 

(c) such Guarantor has duly executed and delivered this Guarantee and each other Loan Document to which it is a party, and
this Guarantee and each such other Loan Document constitutes the legal, valid and binding obligation of such Guarantor enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; 
 (d) neither the execution, delivery or performance by such Guarantor of this Guarantee or any other Loan Document to which it is a party, nor compliance by it with the terms and provisions hereof and
thereof, will (i) require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (ii) violate the charter,
by-laws or other organizational documents of such Guarantor, (iii) violate any material applicable law or regulation or order of any Governmental Authority in any material respect, (iv) violate or result in a default under any material
agreement or instrument binding upon such Guarantor or any of its Subsidiaries or assets, or give rise to a right thereunder to require any payment to be made by such Guarantor or any of its Subsidiaries, and (v) result in the creation or
imposition of any Lien on any asset of such Guarantor or any of its Subsidiaries; 
 (e) no consent or approval
of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, is required to authorize, or is required in connection with, (i) the execution,
delivery and performance of this Guarantee by such Guarantor or any other Loan Document to which such Guarantor is a party or (ii) the legality, validity, binding effect or enforceability of this Guarantee or any other Loan Document to which
such Guarantor is a party; 
 (f) there are no actions, suits or proceedings by or before any arbitrator or
Governmental Authority pending against or, to the knowledge of such Guarantor, threatened against or affecting such Guarantor or any of its Subsidiaries or any laws, regulations or orders enacted or implemented (whether or not currently effective)
by any Governmental Authority (A) that would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (B) that involve this Guarantee or the other Loan
Documents; 
 (g) until the termination of all Commitments and until such time as no Letter of Credit remains
outstanding and all Guaranteed Obligations have been paid in full (other than indemnities described in Section 9.03 of the Credit Agreement which are not then due and payable), such Guarantor will comply, and will cause each of its

  
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Subsidiaries to comply, with all of the applicable provisions, covenants and agreements contained in Articles V and VI of the Credit Agreement, and will take, or will refrain from taking, as the
case may be, all actions that are necessary to be taken or not taken so that no violation of any provision, covenant or agreement contained in Articles V and VI of the Credit Agreement, and so that no Default or Event of Default, is caused by the
actions of such Guarantor or any of its Subsidiaries; and 
 (h) an executed (or conformed) copy of each of the
Loan Documents has been made available to a senior officer of such Guarantor and such officer is familiar with the contents thereof. 
 10. EXPENSES. The Guarantors hereby jointly and severally agree to pay all reasonable out-of-pocket costs and expenses of the Administrative Agent and each other Guaranteed Creditor in connection
with the enforcement of this Guarantee and the protection of the Guaranteed Creditors’ rights hereunder and any amendment, waiver or consent relating hereto (including, in each case, without limitation, the reasonable fees and disbursements of
counsel (including in-house counsel) employed by the Administrative Agent and each other Guaranteed Creditor). 
 11.
JUDGMENT CURRENCY. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due under any Loan Documents in one currency into another currency, the rate of exchange used shall be that at which in accordance
with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due
from it to the Administrative Agent or the Lenders under any Loan Documents shall, notwithstanding a judgment in a Judgment Currency other than an Agreement Currency, be discharged only to the extent that on the Business Day following receipt by the
Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement
Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the Guarantors agree to indemnify the Administrative Agent or the Person to whom such obligation was owing against
such loss. 
 12. BENEFIT AND BINDING EFFECT. This Guarantee shall be binding upon each Guarantor and its successors and
assigns and shall inure to the benefit of the Guaranteed Creditors and their successors and assigns. 
 13. AMENDMENTS;
WAIVERS. Neither this Guarantee nor any provision hereof may be changed, waived, discharged or terminated except with the written consent of each Guarantor directly affected thereby (it being understood that the addition or release of any
Guarantor hereunder shall not constitute a change, waiver, discharge or termination affecting any Guarantor other than the Guarantor so added or released) and with the written consent of the Required Lenders (or, to the extent required by
Section 9.02 of the Credit Agreement, with the written consent of each Lender). 

  
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 14. SET OFF. In addition to any rights now or hereafter granted under applicable law
(including, without limitation, Section 151 of the New York Debtor and Creditor Law) and not by way of limitation of any such rights, upon the occurrence and during the continuance of an Event of Default, each Guaranteed Creditor is hereby
authorized, at any time or from time to time, without notice to any Guarantor or to any other Person, any such notice being expressly waived, to set off and to appropriate and apply any and all deposits (general or special) and any other
indebtedness at any time held or owing by such Guaranteed Creditor to or for the credit or the account of such Guarantor, against and on account of the obligations and liabilities of such Guarantor to such Guaranteed Creditor under this Guarantee,
irrespective of whether or not such Guaranteed Creditor shall have made any demand hereunder and although said obligations, liabilities, deposits or claims, or any of them, shall be contingent or unmatured. Each Guaranteed Creditor (by its
acceptance of the benefits hereof) acknowledges and agrees that the provisions of this Section 14 are subject to the sharing provisions set forth in Section 2.17 of the Credit Agreement. 

15. NOTICE. Except as otherwise specified herein, all notices, requests, demands or other communications to or upon the respective
parties hereto shall be sent or delivered by mail, telegraph, telex, telecopy, cable or courier service and all such notices and communications shall, when mailed, telegraphed, telexed, telecopied, or cabled or sent by courier, be effective when
deposited in the mails, delivered to the telegraph company, cable company or overnight courier, as the case may be, or sent by telex or telecopier, except that notices and communications to the Administrative Agent or any Guarantor shall not be
effective until received by the Administrative Agent or such Guarantor, as the case may be. All notices and other communications shall be in writing and addressed to such party at (i) in the case of any Guaranteed Creditor, as provided in the
Credit Agreement and (ii) in the case of any Guarantor, at its address set forth opposite its signature page below; or in any case at such other address as any of the Persons listed above may hereafter notify the others in writing. 

16. REINSTATEMENT. If any claim is ever made upon any Guaranteed Creditor for repayment or recovery of any amount or amounts
received in payment or on account of any of the Guaranteed Obligations and any of the aforesaid payees repays all or part of said amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over
such payee or any of its property or (ii) any settlement or compromise of any such claim effected by such payee with any such claimant (including, without limitation, the Borrower), then and in such event each Guarantor agrees that any such
judgment, decree, order, settlement or compromise shall be binding upon such Guarantor, notwithstanding any revocation hereof, the termination of the Credit Agreement or the cancellation of any instrument evidencing any liability of the Borrower,
and such Guarantor shall be and remain liable to the aforesaid payees hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by any such payee. 

17. CONSENT TO JURISDICTION; SERVICE OF PROCESS; AND WAIVER OF TRIAL BY JURY. (a) THIS GUARANTEE AND THE RIGHTS AND OBLIGATIONS OF
THE GUARANTEED CREDITORS AND OF THE UNDERSIGNED HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. Each Guarantor hereby irrevocably and unconditionally submits, for itself and its property, to the
exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court thereof, in any action or proceeding arising out of

  
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or relating to this Guarantee or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guarantee or any other Loan Document shall affect any right that the Guaranteed Creditors may
otherwise have to bring any action or proceeding relating to this Guarantee or any other Loan Document against any Guarantor or its respective properties in the courts of any jurisdiction. 

(b) Each Guarantor hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guarantee or any other Loan Document in any court referred to in clause (a) of this Section 17. Each
of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party to this Guarantee irrevocably consents to service of process in the manner provided for notices in Section 9.01 of
the Credit Agreement. Nothing in this Guarantee or any other Loan Document will affect the right of any party hereto or thereto to serve process in any other manner permitted by law. 

(d) EACH GUARANTOR AND EACH GUARANTEED CREDITOR (BY ITS ACCEPTANCE OF THE BENEFITS OF THIS GUARANTEE) HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTEE, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTEE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 17.

 18. RELEASE OF LIABILITY OF GUARANTOR. (a) This Guarantee shall, as to each Guarantor, be released (i) if
such Guarantor ceases to be a Subsidiary as a result of a transaction permitted by the Credit Agreement or that has been consented to in accordance with Section 9.02 of the Credit Agreement, (ii) if such Guarantor ceases to be a Material
Subsidiary in accordance with the requirements of the definition of “Material Subsidiary” set forth in the Credit Agreement (including as a result of a designation pursuant to the second proviso appearing in the first sentence of such
definition) or (iii) under the circumstances described in clause (b) below; provided, except in the case of preceding clause (iii), that (x) no such release 

  
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shall occur if such Guarantor continues to be a guarantor in respect of any Indebtedness of the Borrower or any other Subsidiary in an aggregate principal amount equal to or greater than
$50,000,000, unless and until such Subsidiary is (or is being simultaneously) released from its guarantee with respect to such Indebtedness and (y) no such release shall occur if a Default has then occurred and is continuing. 

(b) At such time as the Loans and all other Obligations shall have been paid in full, the Commitments have been terminated and all
Letters of Credit shall be terminated (or cash collateralized or backstopped in a manner satisfactory to each Issuing Bank), the Guarantors shall be released from their obligations under this Guarantee, all without delivery of any instrument or
performance of any act by any Person. 
 19. CONTRIBUTION. At any time a payment in respect of the Guaranteed Obligations
is made under this Guarantee, the right of contribution of each Guarantor against each other Guarantor shall be determined as provided in the immediately following sentence, with the right of contribution of each Guarantor to be revised and restated
as of each date on which a payment (a “Relevant Payment”) is made on the Guaranteed Obligations under this Guarantee. At any time that a Relevant Payment is made by a Guarantor that results in the aggregate payments made by such
Guarantor in respect of the Guaranteed Obligations to and including the date of the Relevant Payment exceeding such Guarantor’s Contribution Percentage (as defined below) of the aggregate payments made by all Guarantors in respect of the
Guaranteed Obligations to and including the date of the Relevant Payment (such excess, the “Aggregate Excess Amount”), each such Guarantor shall have a right of contribution against each other Guarantor who has made payments in
respect of the Guaranteed Obligations to and including the date of the Relevant Payment in an aggregate amount less than such other Guarantor’s Contribution Percentage of the aggregate payments made to and including the date of the Relevant
Payment by all Guarantors in respect of the Guaranteed Obligations (the aggregate amount of such deficit, the “Aggregate Deficit Amount”) in an amount equal to (x) a fraction the numerator of which is the Aggregate Excess
Amount of such Guarantor and the denominator of which is the Aggregate Excess Amount of all Guarantors multiplied by (y) the Aggregate Deficit Amount of such other Guarantor. A Guarantor’s right of contribution pursuant to the preceding
sentences shall arise at the time of each computation, subject to adjustment to the time of each computation; provided that no Guarantor may take any action to enforce such right until the Guaranteed Obligations have been irrevocably paid in
full in cash and all Commitments and all Letters of Credit have been terminated, it being expressly recognized and agreed by all parties hereto that any Guarantor’s right of contribution arising pursuant to this Section 19 against any
other Guarantor shall be expressly junior and subordinate to such other Guarantor’s obligations and liabilities in respect of the Guaranteed Obligations and any other obligations owing under this Guarantee. As used in this Section 19:
(i) each Guarantor’s “Contribution Percentage” shall mean the percentage obtained by dividing (x) the Adjusted Net Worth (as defined below) of such Guarantor by (y) the aggregate Adjusted Net Worth of all
Guarantors; (ii) the “Adjusted Net Worth” of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the “Net Worth” of each
Guarantor shall mean the amount by which the fair saleable value of such Guarantor’s assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any
Guaranteed Obligations arising under this Guarantee) on such date. Notwithstanding anything to the 

  
 11 

 
contrary contained above, any Guarantor that is released from this Guarantee pursuant to Section 18 hereof shall thereafter have no contribution obligations, or rights, pursuant to this
Section 19, and at the time of any such release, if the released Guarantor had an Aggregate Excess Amount or an Aggregate Deficit Amount, same shall be deemed reduced to $0, and the contribution rights and obligations of the remaining
Guarantors shall be recalculated on the respective date of release (as otherwise provided above) based on the payments made hereunder by the remaining Guarantors. All parties hereto recognize and agree that, except for any right of contribution
arising pursuant to this Section 19, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment until all of the
Guaranteed Obligations have been irrevocably paid in full in cash. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In
this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders. 

20. LIMITATION ON GUARANTEED OBLIGATIONS. Each Guarantor and each Guaranteed Creditor (by its acceptance of the benefits of this
Guarantee) hereby confirms that it is its intention that this Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act or any similar Federal or state law. To effectuate
the foregoing intention, each Guarantor and each Guaranteed Creditor (by its acceptance of the benefits of this Guarantee) hereby irrevocably agrees that the Guaranteed Obligations guaranteed by such Guarantor shall be limited to such amount as
will, after giving effect to such maximum amount and all other (contingent or otherwise) liabilities of such Guarantor that are relevant under such laws and after giving effect to any rights to contribution pursuant to any agreement providing for an
equitable contribution among such Guarantor and the other Guarantors, result in the Guaranteed Obligations of such Guarantor in respect of such maximum amount not constituting a fraudulent transfer or conveyance. 

21. COUNTERPARTS. This Guarantee may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Borrower and
the Administrative Agent. 
 22. PAYMENTS. All payments made by any Guarantor hereunder will be made without setoff,
counterclaim or other defense and on the same basis as payments are made by the Borrower under Sections 2.15 and 2.16 of the Credit Agreement. 
 23. ADDITIONAL GUARANTORS. It is understood and agreed that any Subsidiary of the Borrower that elects to execute a counterpart of this Guarantee after the date hereof pursuant to the Credit
Agreement shall become a Guarantor hereunder by executing a joinder agreement in form and substance satisfactory to the Administrative Agent and delivering same to the Administrative Agent, in each case with all documents and actions required to be
taken to the reasonable satisfaction of the Administrative Agent. 

  
 12 

 24. HEADINGS DESCRIPTIVE. The headings of the several Sections of this Guarantee are
inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Guarantee. 

* * * 

  
 13 

 IN WITNESS WHEREOF, each Guarantor has caused this Guarantee to be executed and delivered as
of the date first above written. 
  

									
	R. J. REYNOLDS TOBACCO HOLDINGS, INC.	 		 	R.J. REYNOLDS TOBACCO CO.
					
	By:	 	/s/ Daniel A. Fawley	 		 	By:	 	/s/ Daniel A. Fawley
	Name:	 	Daniel A. Fawley	 		 	Name:	 	Daniel A. Fawley
	Title:	 	Senior Vice President and Treasurer	 		 	Title:	 	Vice President and Treasurer
			
	 Address for Notices:
 P.O. Box 2866
 401 N. Main St.
 Winston-Salem, NC 27102
 Phone: 336-741-5500

Fax: 336-741-2998
	 		 	 Address for Notices:
 401 N. Main St.
 Winston-Salem, NC 27101
 Phone: 336-741-5000
 Fax: 336-741-7598

  

									
	REYNOLDS FINANCE COMPANY	 		 	CONWOOD HOLDINGS, INC.
					
	By:	 	/s/ Caroline M. Price	 		 	By:	 	/s/ Daniel A. Fawley
	Name:	 	Caroline M. Price	 		 	Name:	 	Daniel A. Fawley
	Title:	 	President	 		 	Title:	 	Vice President and Treasurer
			
	 Address for Notices:
 1007 N. Orange Street, Suite 1402
 Wilmington, DE 19801

Phone: 302-425-3550
 Fax:
302-425-3554
	 		 	 Address for Notices:
 401 N. Main St.
 Winston-Salem, NC 27101
 Phone: 336-741-2000
 Fax: 336-741-2998

  

									
	R. J. REYNOLDS GLOBAL PRODUCTS, INC.	 		 	AMERICAN SNUFF COMPANY, LLC
					
	By:	 	/s/ Daniel A. Fawley	 		 	By:	 	/s/ Daniel A. Fawley
	Name:	 	Daniel A. Fawley	 		 	Name:	 	Daniel A. Fawley
	Title:	 	Vice President and Treasurer	 		 	Title:	 	Vice President and Treasurer
			
	 Address for Notices:
 P.O. Box 688
 401 N. Main St.
 Winston-Salem, NC 27102
 Phone: 336-741-5500

Fax: 336-741-2998
	 		 	 Address for Notices:
 813 Ridge Lake Blvd.
 Memphis, TN 38120
 Phone: 901-761-2050
 Fax: 901-682-1223

 Subsidiary Guarantee (Reynolds American Inc. & JPMorgan Chase Bank, N.A.) 

									
	ROSSWIL LLC	 		 	R. J. REYNOLDS TOBACCO COMPANY
					
	By:	 	/s/ Daniel A. Fawley	 		 	By:	 	/s/ Daniel A. Fawley
	Name:	 	Daniel A. Fawley	 		 	Name:	 	Daniel A. Fawley
	Title:	 	Vice President and Treasurer	 		 	Title:	 	Treasurer
			
	 Address for Notices:
 401 N. Main St.
 Winston-Salem, NC 27101
 Phone: 336-741-2000
 Fax: 336-741-2998
	 		 	 Address for Notices:
 P.O. Box 2959
 401 N. Main St.
 Winston-Salem, NC 27102
 Phone: 336-741-5000

Fax: 336-741-7598

  

									
	REYNOLDS INNOVATIONS INC.	 		 	RAI SERVICES COMPANY
					
	By:	 	/s/ Daniel A. Fawley	 		 	By:	 	/s/ Daniel A. Fawley
	Name:	 	Daniel A. Fawley	 		 	Name:	 	Daniel A. Fawley
	Title:	 	Treasurer	 		 	Title:	 	Senior Vice President and Treasurer
			
	 Address for Notices:
 P.O. Box 685
 401 N. Main St.
 Winston-Salem, NC 27102
 Phone: 336-741-5700

Fax: 336-741-7598
	 		 	 Address for Notices:
 P.O. Box 464
 401 N. Main St.
 Winston-Salem, NC 27102
 Phone: 336-741-4500

Fax: 336-741-2998

  

			
	SANTA FE NATURAL TOBACCO COMPANY, INC.
		
	By:	 	/s/ Daniel A. Fawley
	Name:	 	Daniel A. Fawley
	Title:	 	Assistant Treasurer
	
	 Address for Notices:
 One Plaza La Prensa
 Santa Fe, NM 87507
 Phone: 505-982-4257
 Fax: 505-986-8445

 Subsidiary Guarantee (Reynolds American Inc. & JPMorgan Chase Bank, N.A.) 

							
	 Accepted and Agreed to:
  

JPMORGAN CHASE BANK, N.A.,
 as Administrative
Agent
	 	
			
	By:	 	/s/ Tony Yung	 	,
		 	Name:	 	Tony Yung	 	
		 	Title:	 	Executive Director	 	

 Subsidiary Guarantee (Reynolds American Inc. & JPMorgan Chase Bank, N.A.) 

							
	 1.
	  	GUARANTEE	  	 	1	  
			
	 2.
	  	LIABILITY OF GUARANTORS ABSOLUTE	  	 	2	  
			
	 3.
	  	OBLIGATIONS OF GUARANTORS INDEPENDENT	  	 	2	  
			
	 4.
	  	WAIVERS BY GUARANTORS	  	 	3	  
			
	 5.
	  	RIGHTS OF GUARANTEED CREDITORS	  	 	4	  
			
	 6.
	  	CONTINUING GUARANTEE	  	 	5	  
			
	 7.
	  	SUBORDINATION OF INDEBTEDNESS HELD BY GUARANTORS	  	 	5	  
			
	 8.
	  	GUARANTEE ENFORCEABLE BY ADMINISTRATIVE AGENT	  	 	6	  
			
	 9.
	  	REPRESENTATIONS, WARRANTIES AND COVENANTS OF GUARANTORS	  	 	6	  
			
	 10.
	  	EXPENSES	  	 	8	  
			
	 11.
	  	JUDGMENT CURRENCY	  	 	8	  
			
	 12.
	  	BENEFIT AND BINDING EFFECT	  	 	8	  
			
	 13.
	  	AMENDMENTS; WAIVERS	  	 	8	  
			
	 14.
	  	SET OFF	  	 	9	  
			
	 15.
	  	NOTICE	  	 	9	  
			
	 16.
	  	REINSTATEMENT	  	 	9	  
			
	 17.
	  	CONSENT TO JURISDICTION; SERVICE OF PROCESS; AND WAIVER OF TRIAL BY JURY	  	 	9	  
			
	 18.
	  	RELEASE OF LIABILITY OF GUARANTOR UPON SALE OR DISSOLUTION	  	 	10	  
			
	 19.
	  	CONTRIBUTION	  	 	11	  
			
	 20.
	  	LIMITATION ON GUARANTEED OBLIGATIONS	  	 	12	  
			
	 21.
	  	COUNTERPARTS	  	 	12	  
			
	 22.
	  	PAYMENTS	  	 	12	  
			
	 23.
	  	ADDITIONAL GUARANTORS	  	 	12	  
			
	 24.
	  	HEADINGS DESCRIPTIVE	  	 	13Amendment No. 1 to Amended and Restated Credit Agreement

 Exhibit 10.1 
 AMENDMENT NO. 1 
 Dated as of July 28, 2011 

to 
 AMENDED AND
RESTATED CREDIT AGREEMENT 
 Dated as of November 24, 2009, as amended and restated as of February 2, 2011 

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of July 28, 2011 by and among Inergy, L.P. (the
“Borrower”), the financial institutions listed on the signature pages hereof (collectively with the New Revolving Lenders defined below, the “Lenders”), each lender under the Credit Agreement (as defined below) that
executes and delivers to the Administrative Agent a Departing Lender Signature Page (as defined below) (collectively, the “Departing Lenders”) and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”), under that certain Amended and Restated Credit Agreement dated as of November 24, 2009, as amended and restated as of February 2, 2011, by and among the Borrower, the lenders party thereto and the Administrative Agent (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit
Agreement. 
 WHEREAS, certain financial institutions (the “New Revolving Lenders”) identified on the signature
pages hereof as New Lenders have agreed to enter into the Credit Agreement as new Lenders; 
 WHEREAS, the Borrower, the Lenders
party hereto, the Departing Lenders and the Administrative Agent have agreed (i) to amend the Credit Agreement and (ii) that each Departing Lender shall cease to be a party to the Credit Agreement as evidenced by its execution and delivery
of its signature page to this Amendment on which it is indicated that the Departing Lender executing the same shall cease to be a party to the Credit Agreement on the date hereof (each such signature page, a “Departing Lender Signature
Page”); 
 WHEREAS, the parties hereto have so agreed on the terms and conditions set forth herein; 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree to enter into this Amendment. 
 2. Amendments to the Credit Agreement. Effective as of the Amendment No. 1 Effective Date (as defined below), the parties hereto agree that the Credit Agreement is hereby amended as follows:

 (a) The definition of “Aggregate Revolving Commitment” appearing in Section 1.01 of the Credit Agreement is
amended to (i) delete the phrase “Restatement Effective Date” appearing therein and to replace such phrase with the phrase “Amendment No. 1 Effective Date” and (ii) delete the phrase “Five Hundred Twenty-Five
Million Dollars ($525,000,000)” appearing therein and to replace such phrase with the phrase “Seven Hundred Million Dollars ($700,000,000)”. 

  
 1 

 (b) The definition of “Applicable Rate” appearing in Section 1.01 of the
Credit Agreement is amended to delete the table appearing therein and to replace such table with the following tables: 
  

															
	 Pricing
 Level:
	  	Total
Leverage
Ratio:	  	Revolving
Commitment
Fee:	 	 	ABR Spread
for
Revolving
Loans:	 	 	Eurodollar
Spread for
Revolving
Loans:	 
					
	Level I	  	£ 3.00 to 1.00	  	 	0.30	% 	 	 	0.75	% 	 	 	1.75	% 
					
	Level II	  	> 3.00 to 1.00

but
 £ 3.50 to 1.00
	  	 	0.375	% 	 	 	1.00	% 	 	 	2.00	% 
					
	Level III	  	> 3.50 to 1.00
 but

£ 4.00 to 1.00
	  	 	0.375	% 	 	 	1.25	% 	 	 	2.25	% 
					
	Level IV	  	> 4.00 to 1.00
 but

£ 4.50 to 1.00
	  	 	0.375	% 	 	 	1.50	% 	 	 	2.50	% 
					
	Level V	  	> 4.50 to 1.00
 but

£ 5.00 to 1.00
	  	 	0.50	% 	 	 	1.75	% 	 	 	2.75	% 
					
	Level VI	  	> 5.00 to 1.00	  	 	0.50	% 	 	 	2.00	% 	 	 	3.00	% 
					
	 Pricing
 Level:
	  	Total
Leverage
Ratio:	  	Term
Commitment
Fee:	 	 	ABR Spread
for Term
Loans:	 	 	Eurodollar
Spread
for
Term
Loans:	 
					
	Level I	  	£ 3.00 to 1.00	  	 	0.50	% 	 	 	1.00	% 	 	 	2.00	% 
					
	Level II	  	> 3.00 to 1.00
 but

£ 3.50 to 1.00
	  	 	0.50	% 	 	 	1.25	% 	 	 	2.25	% 
					
	Level III	  	> 3.50 to 1.00
 but

£ 4.00 to 1.00
	  	 	0.50	% 	 	 	1.50	% 	 	 	2.50	% 
					
	Level IV	  	> 4.00 to 1.00
 but

£ 4.50 to 1.00
	  	 	0.50	% 	 	 	2.00	% 	 	 	3.00	% 
					
	Level V	  	> 4.50 to 1.00	  	 	0.50	% 	 	 	2.25	% 	 	 	3.25	% 

 (c) Clause (iv) of the definition of “Applicable Rate” appearing in Section 1.01 of
the Credit Agreement is amended and restated in its entirety to read as follows: 
 (iv) notwithstanding the
foregoing, and solely with respect to Revolving Loans and revolving commitment fees, Pricing Level IV shall be deemed to be applicable until the Administrative Agent’s receipt of the applicable Financials for the Borrower’s first fiscal
quarter ending after the Amendment No. 1 Effective Date and adjustments to the Pricing Level then in effect shall thereafter be effected in accordance with the preceding paragraphs. 

  
 2 

 (d) The definition of “Commitment” appearing in Section 1.01 of the Credit
Agreement is amended to delete the phrase “Restatement Effective Date” appearing therein and to replace such phrase with the phrase “Amendment No. 1 Effective Date”. 

(e) The definition of “General Partnership Commitment” appearing in Section 1.01 of the Credit Agreement is amended to
(i) delete the phrase “Restatement Effective Date” appearing therein and to replace such phrase with the phrase “Amendment No. 1 Effective Date” and (ii) delete the phrase “Four Hundred Fifty Million Dollars
($450,000,000)” appearing therein and to replace such phrase with the phrase “Seven Hundred Million Dollars ($700,000,000)”. 
 (f) The definition of “Material Project” appearing in Section 1.01 of the Credit Agreement is amended to (i) delete the word “and” appearing immediately before clause
(iv) thereof and to replace such word with a comma and (ii) add the following as a new clause (v) thereof: 
 and (v) the construction or expansion of any other capital project of the Borrower, the aggregate capital cost of which (inclusive of capital costs expended prior to the acquisition thereof) is
reasonably expected by Borrower to exceed, or exceeds, $20,000,000. 
 (g) Clause (5) of the definition of “Permitted
Debt” appearing in Section 1.01 of the Credit Agreement is amended to delete the reference to “Original Effective Date” appearing therein and to replace such reference with “Amendment No. 1 Effective Date”.

 (h) The definition of “Required Total Leverage Ratio” appearing in Section 1.01 of the Credit Agreement is
amended and restated in its entirety to read as follows: 
 “Required Total Leverage Ratio”
means, for any fiscal quarter, 5.25 to 1.00. 
 (i) The definition of “Revolving Credit Maturity Date” appearing in
Section 1.01 of the Credit Agreement is amended to delete the date “November 22, 2013” appearing therein and to replace such date with the date “July 28, 2016”. 

(j) The definitions of “Senior Secured Leverage Ratio” and “Total Leverage Ratio” appearing in Section 1.01 of
the Credit Agreement are each amended to delete the phrases “Working Capital Loans,” and “if the Borrower is in compliance with Section 2.11(b)(ii)” appearing in the final sentence thereof. 

(k) The definition of “Working Capital Commitment” appearing in Section 1.01 of the Credit Agreement is amended to
(i) delete the phrase “Restatement Effective Date” appearing therein and to replace such phrase with the phrase “Amendment No. 1 Effective Date” and (ii) delete the phrase “Seventy-Five Million Dollars
($75,000,000)” appearing therein and to replace such phrase with the phrase “Zero Dollars ($0.00)”. 
 (l)
Section 1.01 of the Credit Agreement is amended to (i) delete in its entirety the definition of “Cleandown Period” appearing therein and (ii) add the following definitions thereto in appropriate alphabetical order and, where
applicable, to replace the corresponding previously existing definition: 
 “2015 Senior Notes”
means the 8.75% Senior Notes due March 1, 2015 issued by the Borrower and Inergy Finance pursuant to that certain Indenture dated as of February 2, 2009 among the Borrower and Inergy Finance, as issuers, certain subsidiaries of the
Borrower party thereto as guarantors and U.S. Bank National Association, as trustee. 

  
 3 

 “Amendment No. 1 Effective Date” means July 28,
2011. 
 “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject
of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it,
or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not
result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide
such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject,
repudiate, disavow or disaffirm any contracts or agreements made by such Person. 
 “Defaulting
Lender” means any Lender that (a) has failed, within two (2) Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit
or Swingline Loans or (iii) pay over to the Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative
Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has
notified the Borrower or the Administrative Agent, any Issuing Bank or any other Lender in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement
(unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under
this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three (3) Business Days after request by the Administrative Agent, any Issuing Bank or any other Lender,
acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then
outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Issuing Bank’s or such other Lender’s receipt of such
certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of a Bankruptcy Event. 
 “Mortgage Requirement” means the requirement that the Credit Parties shall have granted to the Administrative Agent a perfected Lien on at least seventy-five percent (75%) of the
aggregate book value of all Fee Owned Real Property (excluding any Fee Owned Real Property located in the State of New York), as determined by the Administrative Agent in its reasonable discretion. 

“Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or
indirectly, a subsidiary. 

  
 4 

 (m) The final sentence of Section 1.04 of the Credit Agreement is amended and restated
to read as follows: 
 Notwithstanding any other provision contained herein, all terms of an accounting or
financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting
Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any of its Subsidiaries at “fair value”, as defined therein and (ii) without
giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 

(n) Sections 2.05 and 2.06 of the Credit Agreement are amended to delete each reference to “Working Capital” appearing therein
and to replace each such reference with “General Partnership”. 
 (o) Clause (b) of Section 2.06 of the
Credit Agreement is amended to delete the clause “(i) the LC Exposure shall not exceed the total Working Capital Commitments,” appearing therein and to replace such clause with the clause “(i) the LC Exposure shall not exceed
$150,000,000,”. 
 (p) Clause (b)(i) of Section 2.11 of the Credit Agreement is amended and restated in its entirety
to read as follows: 
 (i) Excess Loans. If at any time the outstanding principal amount of (1) the
General Partnership Loans, plus (2) the Swingline Loans, plus (3) the LC Exposure exceeds the sum of the General Partnership Commitments, then the Borrower shall in each case repay immediately upon notice from the
Administrative Agent, by payment to the Administrative Agent for the account of the relevant Lenders, or the General Partnership Loans in an amount equal to such excess; it being understood and agreed that, after repayment of the General Partnership
Loans, any such remaining excess shall be applied as cash collateral in respect of the then outstanding LC Exposure in a comparable manner to that specified in Section 2.06(j). Each such prepayment shall be accompanied by (x) accrued
interest to the extent required by Section 2.13 and (y) any amount required to be paid pursuant to Section 2.16. 

(q) Clause (b)(ii) of Section 2.11 of the Credit Agreement is amended and restated in its entirety to read as “[Intentionally
Omitted.]”. 
 (r) Section 2.21 of the Credit Agreement is amended to amend and restate in their entirety clauses
(c) and (d) thereof to read as follows: 
 (c) if any Swingline Exposure or LC Exposure exists at the
time a Lender becomes a Defaulting Lender then: 
 (i) so long as no Default has occurred and is continuing: all
or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent the sum of all non-Defaulting
Lenders’ Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Revolving Commitments; 

  
 5 

 (ii) if the reallocation described in clause (i) above cannot, or can
only partially, be effected, the Borrower shall within one (1) Business Day following notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash collateralize such Defaulting
Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding; 

(iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to
clause (ii) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC
Exposure is cash collateralized; 
 (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant
to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.12(a) and Section 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and 

(v) if all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized
pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Bank or any other Lender hereunder, all letter of credit fees payable under Section 2.12(b) with respect to such Defaulting
Lender’s LC Exposure shall be payable to the Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and 
 (d) so long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase any Letter of
Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Revolving Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the
Borrower in accordance with Section 2.21(c), and participating interests in any such newly made Swingline Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with
Section 2.21(c)(i) (and such Defaulting Lender shall not participate therein). 
 (s) Section 2.21 of the Credit
Agreement is amended to amend and restate the final paragraph thereof in its entirety to read as follows: 
 If
(i) a Bankruptcy Event with respect to a Parent of any Lender shall occur following the date hereof and for so long as such event shall continue or (ii) the Swingline Lender or any Issuing Bank has a good faith belief that any Lender has
defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, the Swingline Lender shall not be required to fund any Swingline Loan and not Issuing Bank shall be required to issue, amend or
increase any Letter of Credit, unless the Swingline Lender or the relevant Issuing Bank, as the case may be, shall have entered into arrangements with the Borrower or such Lender, satisfactory to the Swingline Lender or the relevant Issuing Bank, as
the case may be, to defease any risk to it in respect of such Lender hereunder. 
 In the event that the
Administrative Agent, the Borrower, each Issuing Bank and the Swingline Lender each agree that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of
the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall
determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage. 

  
 6 

 (t) Clause (a) of Section 3.05 of the Credit Agreement is amended to delete the
third sentence thereof in its entirety. 
 (u) Section 5.08 of the Credit Agreement is amended to (i) change clause
(v) thereof to a new clause (vi) thereof and (ii) add “(v) refinance the indebtedness under the 2015 Senior Notes” as a new clause (v) thereof. 
 (v) Clause (a) of Section 5.10 of the Credit Agreement is amended to (i) amend and restate clause (5) thereof in its entirety and (ii) add a new clause (6) thereto, in each
case to read as follows: 
 ; (5) no Mortgages shall be required hereunder to the extent the Borrower is in
compliance with the Mortgage Requirement; and (6) no vehicle titles shall be required hereunder 
 (w) Clause (b) of
Section 6.03 and clause (a) of Section 6.04 of the Credit Agreement are amended to delete the amount “$10,000,000” appearing therein and to replace each such amount with the amount “$20,000,000”. 

(x) Section 6.10 of the Credit Agreement is amended to delete the amount “$40,000,000” appearing therein and to replace
such amount with the amount “$50,000,000”. 
 (y) Clause (b) of Section 6.12 of the Credit Agreement is
amended to delete the ratio “3.0 to 1.0” appearing therein and to replace such ratio with the ratio “3.5 to 1.0”. 
 (z) Clause (c) of Section 6.12 of the Credit Agreement is amended to delete the ratio “2.50 to 1.0” appearing therein and to replace such ratio with the ratio “2.5 to 1.0”.

 (aa) Section 6.13 of the Credit Agreement is amended to add the proviso “; provided that the foregoing
limitation shall not apply to any refinancing of the indebtedness under the 2015 Senior Notes permitted under Section 5.08” to the end of the first sentence thereof. 
 (bb) Schedule 2.01 to the Credit Agreement is deleted in its entirety and replaced with Schedule 2.01 hereto. 
 (cc) Schedule 6.01 to the Credit Agreement is deleted in its entirety and replaced with Schedule 6.01 hereto. 
 (dd) Each New Revolving Lender is deemed to be a Revolving Lender for all purposes under the Loan Documents. 
 3. Conditions of Effectiveness. The effectiveness of this Amendment (the “Amendment No. 1 Effective Date”) is subject to the conditions precedent that: 

(a) The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrower, the Revolving Lenders
(including the New Revolving Lenders), the Departing Lenders, the Required Lenders and the Administrative Agent and the Consent and Reaffirmation attached hereto duly executed by the Subsidiary Guarantors. 

(b) The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower and each
Subsidiary Guarantor (collectively, the “Credit Parties”) 

  
 7 

 
certifying (i) that there have been no changes in the Articles or Certificate of Incorporation, Certificate of Formation or other charter document of such Credit Party, as attached thereto
and as certified as of a recent date by the secretary of state (or the equivalent thereof) of its jurisdiction of organization, if applicable, since the date of the certification thereof by such secretary of state (or equivalent thereof), if
applicable, (ii) the By-Laws, Operating Agreement, or other applicable organizational document, as attached thereto, of such Credit Party as in effect on the date of such certification, (iii) resolutions of the Board of Directors, Board of
Managers, or other governing body of such Credit Party authorizing the execution, delivery and performance of each Credit Document to which it is a party, including the Credit Agreement as amended by this Amendment, (iv) the names and true
signatures of the incumbent officers of such Credit Party authorized to sign the Credit Documents to which it is a party, and, in the case of the each of the Borrower, authorized to request borrowings under the Credit Agreement (as amended by this
Amendment) and (v) Good Standing Certificates (or the equivalent thereof) for each Credit Party from its respective jurisdiction of organization. 
 (c) The Administrative Agent shall have received such instruments and documents as the Administrative Agents shall reasonably requested, including a written opinion of the Borrower’s counsel,
Vinson & Elkins LLP, addressed to the Lenders covering such matters relating to the Borrower and the Subsidiary Guarantors, the Loan Documents or the transactions contemplated thereby as the Administrative Agent shall request, which opinion
the Borrower hereby requests such counsel to deliver. 
 (d) The Administrative Agent shall have received all fees and other
amounts due and payable on or prior to the Amendment No. 1 Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including fees and expenses of counsel for the Administrative Agent) required
to be reimbursed or paid by the Borrower in connection with this Amendment. 
 4. Representations and Warranties of the
Borrower. The Borrower hereby represents and warrants as follows: 
 (a) This Amendment and the Credit Agreement as modified
hereby constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor
relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable remedies. 
 (b) The representations and warranties of the Borrower set forth in the Credit Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date. 
 5. Reference
to and Effect on the Credit Agreement. 
 (a) Upon the effectiveness hereof, each reference to the Credit Agreement in the
Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as amended hereby. 
 (b) Each
Loan Document and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 

(c) Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement, the Loan Documents or any other documents, instruments and agreements executed and/or delivered in
connection therewith. 

  
 8 

 (d) Upon the effectiveness hereof, (i) the Administrative Agent shall make such
reallocations, sales, assignments or other relevant actions in respect of each Lender’s Revolving Credit Exposure under the Credit Agreement as are necessary in order that each such Lender’s Revolving Credit Exposure and outstanding
Revolving Loans under the Credit Agreement reflects such Revolving Lender’s Applicable Percentage of the aggregate outstanding Revolving Credit Exposure on the Amendment No. 1 Effective Date, (ii) all “Revolving Loans” as
defined in, and outstanding under, the Credit Agreement on the Amendment No. 1 Effective Date of each Departing Lender shall be repaid in full (accompanied by any accrued and unpaid interest and fees thereon), each Departing Lender’s
“Revolving Commitment” under the Credit Agreement shall be terminated and each Departing Lender shall not be a Lender under the Credit Agreement (as amended hereby) and (iii) the Borrower hereby agrees to compensate each Lender
(including each Departing Lender) for any and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Loans and such reallocation described above, in each case on the terms and in the
manner set forth in Section 2.16 of the Credit Agreement. 
 (e) The Borrower will, and will cause each Subsidiary
Guarantor to, deliver amendments, restatements or supplements to the Mortgages reasonably required by the Administrative Agent to reflect the amendments and transactions contemplated by this Amendment; provided, that no such amendments,
restatements or supplements to the Mortgages are required to be delivered hereunder until sixty (60) days after the Amendment No. 1 Effective Date (or such later date as the Administrative Agent may agree in the exercise of its reasonable
discretion with respect thereto). 
 6. Governing Law. This Amendment shall be construed in accordance with and governed
by the law of the State of New York. 
 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
 8.
Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Signatures
delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered in person. 
 [Signature Pages
Follow] 

  
 9 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

			
	 INERGY, L.P., as the Borrower
  

By: INERGY GP, LLC,
 its managing general
partner

		
	By	 	  

		 	Name:
		 	Title:

 Signature Page to Amendment No. 1 to 

Amended and Restated Credit Agreement 
 Inergy, L.P. 

 
			
	JPMORGAN CHASE BANK, N.A.,
	individually as a Lender and as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Signature
Page to Amendment No. 1 to 
 Amended and Restated Credit Agreement 

Inergy, L.P. 

 
					
	Name of Lender:	 	
	
	  

			
	By	 	  
	 	
		 	Name:	 	
		 	Title:	 	
	
	For any Lender requiring a second signature line:
			
	By	 	  
	 	
		 	Name:	 	
		 	Title:	 	

  
 Signature
Page to Amendment No. 1 to 
 Amended and Restated Credit Agreement 

Inergy, L.P. 

 
					
	Name of New Revolving Lender:
	
	  

			
	By	 	  
	 	
		 	Name:	 	
		 	Title:	 	
	
	For any New Revolving Lender requiring a second signature line:
			
	By	 	  
	 	
		 	Name:	 	
		 	Title:	 	

  
 Signature
Page to Amendment No. 1 to 
 Amended and Restated Credit Agreement 

Inergy, L.P. 

 
					
	 The undersigned Departing Lender hereby acknowledges and agrees that, from and after the Amendment No. 1 Effective Date, it
is no longer a party to the Credit Agreement.
  
 Name of Departing
Lender:

	
	  

			
	By	 	  
	 	
		 	Name:	 	
		 	Title:	 	
	
	For any Departing Lender requiring a second signature line:
			
	By	 	  
	 	
		 	Name:	 	
		 	Title:	 	

  
 Signature
Page to Amendment No. 1 to 
 Amended and Restated Credit Agreement 

Inergy, L.P. 

 CONSENT AND REAFFIRMATION 

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 1 to the Amended and Restated Credit
Agreement dated as of November 24, 2009, as amended and restated as of February 2, 2011 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”) by and among Inergy, L.P., the financial
institutions from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), which Amendment No. 1 is dated as of July 28, 2011 (the
“Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Administrative
Agent or any Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of the Credit Agreement and any other Loan Document executed by it and acknowledges and agrees that such Credit Agreement and each and
every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above-referenced
documents shall be a reference to the Credit Agreement as so modified by the Amendment. 
 Dated: July 28, 2011 

[Signature Page Follows] 

									
	ARLINGTON STORAGE COMPANY, LLC	 		 	FINGER LAKES LPG STORAGE, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	INERGY GAS MARKETING, LLC	 		 	INERGY PROPANE, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	INERGY STORAGE, INC.	 		 	L & L TRANSPORTATION, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	US SALT, LLC	 		 	INERGY TRANSPORTATION, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	STELLAR PROPANE SERVICE, LLC	 		 	LIBERTY PROPANE OPERATIONS, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	

 Signature Page to Consent and Reaffirmation to Amendment No. 1 to 

Amended and Restated Credit Agreement 
 Inergy, L.P. 

									
	INERGY FINANCE CORP.	 		 	INERGY MIDSTREAM, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	INERGY SALES & SERVICE, INC.	 		 	CENTRAL NEW YORK OIL AND GAS COMPANY, L.L.C.
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	LIBERTY PROPANE, L.P.	 		 	LIBERTY PROPANE GP, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	INERGY PARTNERS, LLC	 		 	TRES PALACIOS GAS STORAGE, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	IPCH ACQUISITION CORP.	 		 	INERGY PIPELINE EAST, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	

  
 Signature Page
to Consent and Reaffirmation to Amendment No. 1 to 
 Amended and Restated Credit Agreement 

Inergy, L.P. 

 SCHEDULE 2.01 
 COMMITMENTS 
  

													
	LENDER	  	 GENERAL
 PARTNERSHIP
COMMITMENT
	 	  	 WORKING
 CAPITAL
COMMITMENT
	 	  	AGGREGATE
REVOLVING
COMMITMENT	 
				
	 JPMORGAN CHASE BANK, N.A.
	  	$	55,000,000	  	  	$	0	  	  	$	55,000,000	  
	 BANK OF AMERICA, N.A.
	  	$	50,000,000	  	  	$	0	  	  	$	50,000,000	  
	 WELLS FARGO BANK, N.A.
	  	$	50,000,000	  	  	$	0	  	  	$	50,000,000	  
	 BARCLAYS BANK PLC
	  	$	40,000,000	  	  	$	0	  	  	$	40,000,000	  
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH
	  	$	40,000,000	  	  	$	0	  	  	$	40,000,000	  
	 MORGAN STANLEY BANK, N.A.
	  	$	40,000,000	  	  	$	0	  	  	$	40,000,000	  
	 SUNTRUST BANK
	  	$	40,000,000	  	  	$	0	  	  	$	40,000,000	  
	 CITIBANK, N.A.
	  	$	40,000,000	  	  	$	0	  	  	$	40,000,000	  
	 FIFTH THIRD BANK
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 COMERICA BANK
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 ROYAL BANK OF CANADA
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 ROYAL BANK OF SCOTLAND PLC
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 PNC BANK, NATIONAL ASSOCIATION
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 BOKF, NA
	  	$	30,000,000	  	  	$	0	  	  	$	30,000,000	  
	 RAYMOND JAMES BANK, FSB
	  	$	25,000,000	  	  	$	0	  	  	$	25,000,000	  
	 BRANCH BANKING & TRUST COMPANY
	  	$	25,000,000	  	  	$	0	  	  	$	25,000,000	  
	 THE PRIVATEBANK AND TRUST COMPANY
	  	$	25,000,000	  	  	$	0	  	  	$	25,000,000	  
	 U.S. BANK NATIONAL ASSOCIATION
	  	$	25,000,000	  	  	$	0	  	  	$	25,000,000	  
	 BANK MIDWEST, N.A.
	  	$	20,000,000	  	  	$	0	  	  	$	20,000,000	  
	 COMMERCE BANK
	  	$	15,000,000	  	  	$	0	  	  	$	15,000,000	  
				
	 TOTAL
	  	$	700,000,000	  	  	$	0	  	  	$	700,000.000	  

 SCHEDULE 6.01 
 EXISTING DEBT

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