Document:

Registration Rights Agreement

 Exhibit 4.4 
  
 REGISTRATION RIGHTS AGREEMENT 
 (Common Stock) 
  
 THIS REGISTRATION RIGHTS
AGREEMENT (this “Agreement”) is made and entered into as of December 30, 1996, by and between The Pantry, Inc., a Delaware corporation (the “Company”), FS Equity Partners III, L.P., a Delaware limited partnership (“FSEP
III”), and FS Equity Partners International, L.P., a Delaware limited partnership (“FSEP International”). FSEP III and FSEP International are sometimes collectively referred to as the “Holders” and individually as the
“Holder.” This Agreement is entered into concurrently with the execution of that certain Securities Purchase Agreement dated as of December 30, 1996 entered into by and among the parties hereto (the “Securities Purchase
Agreement”) to provide registration rights with respect to the Common Stock Purchase Warrants (the “Warrants”) and the shares of the Company’s Common Stock, par value $0.01 per share (the “Common Stock”), issuable on
exercise of such Warrants purchased by the Holders pursuant to the terms of the Securities Purchase Agreement. All such Warrants and such shares of Common Stock issuable on exercise of such Warrants, together with any other securities for which or
into which they may be converted or exchanged, shall be referred to herein as the “Registrable Securities”. 
  
 l. Restrictions on Transfer. Notwithstanding any provision contained in this Agreement to the contrary, the Registrable Securities shall not be
transferable except upon the conditions specified in this Agreement, which conditions are intended, among other things, to insure compliance with the provisions of the Securities Act of 1933, as amended (the “Securities Act”), in respect
of the transfer of such Registrable Securities. Each Holder, on the execution and delivery of this Agreement, agrees that such Holder will not transfer the Registrable Securities prior to delivery to the Company of an opinion of counsel (as such
opinion and such counsel are described in Section 2 of this Agreement), or until registration of such Registrable Securities under the Securities Act has become effective. 
  
 2. Opinion of Counsel. In connection with any exercise or transfer of the Registrable Securities, the following
provisions shall apply: 
  
 (a) If in the opinion
of Riordan & McKinzie, or such other counsel as shall reasonably be approved by the Company, the proposed transfer of Registrable Securities may be effected without registration of such Registrable Securities under the Securities Act, each
Holder shall be entitled to transfer such Registrable Securities in accordance with the proposed method of disposition. 
  
 (b) If, in the opinion of such counsel the proposed transfer of such Registrable Securities may not be effected without registration of
such Registrable Securities under the Securities Act, then none of the Holders shall be entitled to transfer such Registrable Securities until such registration is effected. 

 3. Demand Registration. 
  
 (a) Upon the written request of the Holder or Holders of at least fifty percent (50%) of the Registrable
Securities (the “Initiating Holders”) the Company shall be obligated to effect the registration under the Securities Act of such Registrable Securities as are requested to be registered by the Initiating Holders, all in accordance with the
following provisions of this Agreement, provided that the obligation of the Company to effect such registration shall not be deemed to have been satisfied until the registration statement with respect thereto has become effective under the
Securities Act and only so long as no stop order suspending the effectiveness of the registration statement or the qualification or registration of any of the Registrable Securities for sale in any jurisdiction in which the Company shall be required
pursuant to Section 5(e) to register or qualify such Registrable Securities shall not have been issued and no proceedings for that purpose shall have been initiated or threatened by the Securities and Exchange Commission (the “Commission”)
or any similar state agency. Within ten (10) days of the request for registration by the Initiating Holders, the Company shall give written notice of such request to all Holders, and such Holders shall be entitled, by written notice to the Company
and subject to Section 4(a) hereof, to include shares of Registrable Securities in any registration prepared by the Company pursuant to this Section 3(a). The Company shall not be obligated to effect more than one (1) demand registration pursuant to
this Section 3(a). 
  
 (b) In addition to the
registration rights provided pursuant to Section 3(a) hereof, at any time and from time to time after six months following a firm commitment underwritten initial public offering of shares of the Company’s capital stock (an “IPO”),
upon the written request of the Initiating Holders, or at the request of any Holder which agrees to register Registrable Securities having a value of Five Million Dollars ($5,000,000) or more after an IPO, the Company shall be obligated to effect
the registration under the Securities Act on Form S-3 (if the Company is then eligible to use such registration form), or any similar short form registration adopted by the Commission for which the Company may then be eligible, of all or any portion
of the Registrable Securities held by such Holder, all in accordance with the applicable provisions of this Agreement. 
  
 (c) Whenever the Company shall be requested by the Initiating Holders pursuant to Section 3(a) or by a Holder pursuant to Section 3(b) to
effect the registration of Registrable Securities under the Securities Act, the Company shall, as provided in Section 5, effect the registration under the Securities Act of the Registrable Securities which the Company has been requested to register
pursuant to Section 3(a) or (b), all to the extent requisite to permit the disposition by such Holder of the Registrable Securities so registered. 
  
 (d) In connection with requesting registration of Registrable Securities pursuant to Section 3(a) or (b), if the Initiating Holders, or a
Holder in the case of Section 3(b), advise the Company that they intend to publicly offer or distribute Registrable 

  

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Securities to be covered by the registration statement pursuant to a firm commitment underwriting with an investment banking firm or firms selected by the
Holders, the Company and any other person entitled to include shares of any securities of the Company in such registration statement shall enter into the same underwriting agreement with such underwriter or underwriters as shall such Holders,
containing representations, warranties and agreements not substantially different from those customarily made by an issuer or selling shareholder in underwriting agreements with respect to secondary distributions. 
  
 (e) Neither the Company nor any of its security holders
(other than the Holders) shall have the right to include any securities of the Company in a registration requested pursuant to Section 3(a) or (b) unless (i) such securities are of the same class as any of the Registrable Securities included in such
registration and (ii) the offering is either (A) not being underwritten and the Holders of a majority of the Registrable Securities requesting registration consent to such inclusion in writing or (B) a firm commitment underwriting and the managing
underwriter has informed the Holders that inclusion of such securities will not adversely affect the price range or the probability of success of the offering and such securities are allocated as provided in Section 3(f) and sold on the same terms
and conditions as apply to the Registrable Securities being sold. If any security holders of the Company (other than the Holders) register securities of the Company in a registration in accordance with the provisions of Section 3(a) or (b), such
security holders shall pay their pro rata share of the Registration Expenses, as defined below, unless the Company has agreed to pay such expenses and, in the opinion of counsel to the Holders, such payment would not affect the ability of the
Registrable Securities to be registered or qualified under the blue sky laws of any jurisdiction. 
  
 (f) If the Company or any of its security holders request the right to include equity securities in a registration statement filed
pursuant to Section 3(a) or (b) and such securities are proposed to be sold in a firm commitment underwritten offering and the managing underwriters advise the Company that, in their opinion, the total number of securities requested to be included
in such registration exceeds the number of securities which can be sold in such offering without adversely affecting the price range or probability of success of such offering, the securities to be included in such offering shall include (i) first,
all of the Registrable Securities being registered, (ii) second, pro rata among the other holders of the Company’s securities requesting inclusion in such registration on the basis of the number of shares of securities requested to be
registered by such holders and (iii) third, such other securities being offered by the Company. 
  
 4. “Piggyback” Registrations. 
  
 (a) At any time or from time to time after the IPO, if the Company proposes to file with the Commission a registration statement under the
Securities Act (other than a registration statement on Form S-4 or S-8, or any form substituting therefor, or filed in connection with an exchange offer) for the sale of shares of the Company’s capital stock, 

  

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it will at each such time give written notice to each Holder of its intention so to do. Upon the written request of any Holder, the Company will use its best
efforts to cause each Registrable Security which the Company has been requested to register by any Holder, in the aggregate, to be included in such registration statement under the Securities Act, all to the extent required to permit the sale or
other disposition by each such Holder of the Registrable Securities so registered. Notwithstanding the foregoing, if the managing underwriter or underwriters, if any, of the offering to be effected pursuant to such registration statement delivers a
written opinion to each Holder requesting the registration of Registrable Securities that the total number of shares of equity securities which it and any other persons or entities intend to include in such offering would adversely affect the price
range or probability of success of such offering, then the Company shall include in such registration: (i) first, all securities the Company proposes to sell, and (ii) second, all Registrable Securities requested to be included in such registration
by any Holders and all securities of the Company requested to be included in such registration by any other holders who are entitled to include securities in such registration pursuant to written registration rights agreements approved by the Board
of Directors of the Company (the “Other Stockholders”) in excess of the number of shares of its securities of the Company proposes to sell which, in the opinion of such underwriters, can be sold without adversely affecting the price range
or probability of success of such offering (allocated pro rata among such Holders and the Other Stockholders on the basis of the number of shares of such securities requested to be included therein). 
  
 (b) If all or substantially all of the securities (other
than the Registrable Securities) to be registered for sale pursuant to a registration statement, the intention to file which caused a notice to be given pursuant to Section 4(a), are to be offered for sale for the account of the Company and are to
be distributed by or through an underwriter or underwriters of recognized standing pursuant to underwriting terms appropriate for such transactions, then each Holder agrees that such Holder shall forbear from selling Registrable Securities to the
public (except as part of such underwritten registration) pursuant to a registration statement or pursuant to Rule 144 or 144A under the Securities Act for a period of fourteen (14) business days prior to and one hundred twenty (120) days following
the effective date of the registration statement to which reference is made in Section 4(a). 
  
 (c) Notwithstanding anything contained herein to the contrary, the Holders may, in the discretion of the Board of Directors, include that
portion of Registrable Securities in the IPO that is deemed appropriate by the managing underwriter of the IPO. 
  
 5. Company’s Obligations in Registration. If and whenever the Company is obligated by the provisions of this Agreement to effect the
registration of Registrable Securities under the Securities Act, the Company will, as expeditiously as possible, 
  
 (a) prepare and file with the Commission a registration statement with respect to such Registrable Securities and use its best efforts to
cause such registration 

  

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statement to become and remain effective during the period required for the distribution of the securities covered by the registration statement, provided
that, if the Registrable Securities covered by such registration statement are not to be sold to or through underwriters acting for the Company, the Company shall not be required to keep such registration statement effective, or to prepare and file
any amendment or supplement thereto, after the expiration of one hundred eighty (180) days following the date on which such registration statement becomes effective under the Securities Act or such longer period during which the Commission requires
that such registration statement be kept effective with respect to any of the Registrable Securities so registered; 
  
 (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in
connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement,
whenever any Holder shall desire to dispose of the same, subject, however, to the proviso contained in Section 5(a) and provided that in any event the Company’s obligations under this Section 5(b) shall terminate on the first anniversary of the
effective date of any such registration statement; 
  
 (c) furnish to each Holder such number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus) and such other documents
as such Holder may reasonably request in order to facilitate the disposition of such Registrable Securities; 
  
 (d) make the Chairman of the Board of Directors of the Company, the Chief Executive Officer and other members of the management of the
Company available to cooperate fully in any offering of Registrable Securities hereunder, which cooperation shall include, among other things, the participation of such persons in meetings with potential investors and the assistance of such persons
with the preparation of all materials for such investors; 
  
 (e) use its best efforts to register or qualify the Registrable Securities covered by such registration statement under such other securities or blue sky laws of such jurisdictions as each Holder shall reasonably
request, and do any and all other acts and things to so register or qualify which may be necessary or advisable to enable such Holder to consummate the disposition in such jurisdictions of such Registrable Securities; 
  
 (f) if at any time a prospectus relating to the Registrable
Securities covered by such registration statement is required to be delivered under the Securities Act and any event occurs as a result of which the prospectus included in such registration statement as then amended or supplemented would include an
untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of 

  

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the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the prospectus to comply with the Securities Act,
the Company promptly will prepare and file with the Commission an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance and shall use its best efforts to cause any amendment of such
registration statement containing an amended prospectus to be made effective as soon as possible; and 
  
 (g) furnish to each Holder at the time of the disposition of Registrable Securities by such Holder an opinion of counsel for the Company,
in form and substance satisfactory to such Holder, to the effect that (i) a registration statement covering such Registrable Securities has been filed with the Commission under the Securities Act and has been made effective by order of the
Commission, (ii) such registration statement and the prospectus contained therein comply in all material respects with the requirements of the Securities Act, and nothing has come to said counsel’s attention which would cause it to believe that
either such registration statement or the prospectus contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, (iii) the prospectus meeting the delivery requirements of the Securities Act is available for delivery, (iv) no stop order has been issued by the Commission suspending the effectiveness of such
registration statement and, to the best of such counsel’s knowledge, no proceedings for the issuance of such a stop order are threatened or contemplated, and (v) there has been compliance with the applicable provisions of the securities or blue
sky laws of each jurisdiction in which the Company shall be required pursuant to Section 5(e) hereof to register or qualify such Registrable Securities, assuming the accuracy and completeness of the information furnished to such counsel with respect
to each filing related to such laws. 
  
 6. Payment of
Registration Expenses. The costs and expenses of all “piggyback” registrations and qualifications under the Securities Act pursuant to Section 4 hereof, all registrations and qualifications under the Securities Act pursuant to Section
3(b) hereof and one (1) demand registration and qualification under the Securities Act pursuant to Section 3(a), and of all other actions which the Company is required to take or effect pursuant to this Agreement shall be paid by the Company
(including without limitation all registration and filing fees, printing expenses, fees and disbursements of counsel for the Company and for each Holder and expenses of any special audit incident to or required in connection with any such
registration) (collectively, “Registration Expenses”), provided that the Company shall not be obligated to pay the underwriters’ discount or commission in respect of such Registrable Securities. 
  
 7. Information From Each Holder. Notices and requests delivered by any
Holder to the Company pursuant to this Agreement shall contain such information regarding the Holder, such Holder’s Registrable Securities and the intended method of disposition thereof as shall reasonably be required in connection with the
action to be taken. 
  

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 8. Restrictions on Public Sale by the Company and Others. The Company shall not effect any public
sale or distribution of any of its equity securities, or cause to be effected any other registration of such securities (other than securities issued pursuant to an employee benefit plan), during the fourteen (14) business days prior to, and during
the one hundred twenty (120)-day period beginning on the effective date of a registration statement covering the Registrable Securities (the “Holdback Period”), and the Company shall cause each holder of its equity securities (other than
securities purchased in a registered public offering) to agree not to effect any public sale or distribution of any securities during such period, except as part of such registration, if permitted. Each Holder agrees not to effect any public sale or
distribution of such securities during any Holdback Period, except pursuant to a registration covering the Registrable Securities effected pursuant to Section 4 hereof. 
  
 9. Participation in Underwritten Registrations. No Holder may participate in any underwritten registration hereunder
unless such Holder (a) agrees to sell such Holder’s securities on the basis provided in any underwriting arrangements approved by the Holders and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such underwriting arrangements and this Agreement, provided that (i) no Holder will be required to make any representations or warranties except those that relate solely to such
parties and (ii) the liability of any Holder to any underwriter under such underwriting agreement will be limited to liability arising from misstatements in, or omissions from, written information regarding such parties provided by or on behalf of
such parties for inclusion in the prospectus and shall be limited to proceeds received by such Holder from the offering. 
  
 10. Company’s Indemnification. In the event of any registration under the Securities Act of Registrable Securities pursuant to this Agreement,
the Company hereby agrees to indemnify and hold harmless each Holder and each other person, if any, who controls each such Holder within the meaning of Section 15 of the Securities Act and each other person (including any underwriter) who
participates in the offering of such Registrable Securities, against any loss, claim, damage or liability, joint or several, to which any Holder or such controlling person or a participating person may become subject under the Securities Act, the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or other federal or state law or regulation, at common law or otherwise, to the extent that such loss, claim, damage or liability (or proceeding in respect thereof) arises
out of or is based upon any untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such Registrable Securities were registered under the Securities Act, in any preliminary prospectus or
final prospectus contained therein, or in any amendment or supplement thereto, or arises out of or is based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, and will reimburse each Holder and each such controlling person or participating person for any legal or other expense reasonably incurred by such Holder or such controlling person or participating person in connection with
investigating or defending any such loss, claim, damage, liability or proceeding, provided that the Company 

  

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will not be liable in any such case to the extent that any such loss, claim, damage, liability or, expense arises out of or is based upon an untrue statement
or alleged untrue statement or omission or alleged omission made in such registration statement, said preliminary or final prospectus or said amendment or supplement in reliance upon and in conformity with written information furnished to the
Company by an instrument duly executed by such Holder or such controlling or participating person, as the case may be, specifically for use in the preparation thereof. This indemnity agreement will be in addition to any liability which the Company
may otherwise have. 
  
 11. Indemnification of Each Holder.
It shall be a condition of the Company’s obligation under this Agreement to effect any registration under the Securities Act that there shall have been delivered to the Company an agreement or agreements duly executed by each Holder whereby
each Holder, severally but not jointly, agrees to indemnify and hold harmless the Company, each other person referred to in subparts (1), (2) and (3) of Section 11(a) of the Securities Act in respect of such registration statement and each other
person, if any, which controls the Company within the meaning of Section 15 of the Securities Act, against any loss, claim, damage or liability, joint or several, to which the Company or such other person or such person controlling the Company may
become subject under the Securities Act, the Exchange Act or other federal or state law or regulation, at common law or otherwise, but only to the extent that such loss, claim, damage or liability (or proceeding in respect thereof) arises out of or
is based upon any untrue statement or alleged untrue statement of a material fact contained in any registration statement under which such Registrable Securities were registered under the Securities Act, in any preliminary prospectus or final
prospectus contained therein or in any amendment or supplement thereto, or arises out of or is based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, which, in each such case, has been made in or omitted from such registration statement, said preliminary or final prospectus or said amendment or supplement in reliance upon and in conformity with written information furnished to the
Company by an instrument duly executed by such Holder specifically for use in the preparation thereof. Such indemnification shall be limited to the net proceeds received by such Holder from the offering. 
  
 12. Notification of and Participation in Actions. Promptly after
receipt by an indemnified party under this Agreement of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under this Agreement, notify the indemnifying
party in writing of the commencement thereof, but the omission so to notify the indemnifying party will not affect the liability of the indemnifying party hereunder except to the extent it is actually prejudiced by such omission and will not relieve
it from any liability which it may have to any indemnified party otherwise than under this Agreement. In case any such action is brought against any indemnified party and it notifies an indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate in and, to the extent that it may 

  

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wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party, and
after notice from the indemnifying party to such indemnified party of its election so as to assume the defense thereof, the indemnifying party will not be liable to such indemnified party under this Agreement for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation. 
  
 13. Contribution. 
  
 (a) If the indemnification provided for in this Agreement from the indemnifying party is unavailable to an indemnified party hereunder in
respect of any losses, claims, damages or liabilities to which such indemnified party would be otherwise entitled under this Agreement, then the indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid
or payable by such indemnified party as a result of such losses, claims, damages or liabilities in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified parties in connection with the actions
which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of such indemnifying party and indemnified parties shall be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such indemnifying party or
indemnified parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the losses, claims, damages and liabilities referred
to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. In no event shall any Holder be required to contribute an amount greater than the dollar
amount of the net proceeds received by such Holder with respect to the sale of Registrable Securities to which such losses, claims, damages or liabilities relates. 
  
 (b) The Company and each Holder agree that it would not be just and equitable if contribution pursuant to
this Agreement were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. Neither the Company nor any Holder, if guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act), shall be entitled to contribution. The contribution provided for in this Agreement shall survive the transfer of the Registrable Securities and shall remain
in full force and effect regardless of any investigation made by or on behalf of any indemnified party. 
  
 14. Public Information. At any time after the Company has completed its initial public offering of equity securities, if any Holder desires to make
sales of any Registrable Securities in reliance on Rule 144 promulgated under the Securities Act the 

  

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Company covenants and agrees that either there will be available adequate current public information with respect to the Company as required by paragraph (c)
of said Rule 144 or the Company will use its best efforts to make such information available without delay if such information is not available. Without limiting the foregoing, after the Company has completed its IPO, the Company will timely file
with the Commission all reports required to be filed under Sections 13 and 15(d) of the Exchange Act and will promptly furnish to each Holder, upon request, a written statement that the Company has complied with all such reporting requirements.

  
 15. Other Registration Rights. The Company will not
hereafter enter into any agreement granting registration rights with respect to its securities which is in conflict or inconsistent with the rights of the Holders set forth in this Agreement. 
  
 16. Amendments. This Agreement may not be amended, supplemented,
canceled or discharged except by written instrument executed by the Company and by each Holder. 
  
 17. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties,
provided that the registration and other rights set forth in this Agreement may only be assigned to a purchaser of at least twenty-five percent (25%) of the Registrable Securities held by such party on the date of such sale. 
  
 18. Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same Agreement and each of which shall be deemed an original. 
  
 19. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without regard to
principles of conflicts of laws. 
  
 20. Entire Agreement.
This Agreement is intended by the parties hereto as a final expression of their agreement, and is intended to be a complete and exclusive statement of the parties hereto in respect of the subject matter contained herein. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by an officer or partner
thereunto duly authorized, all as of the date first written above. 
  

	 THE PANTRY, INC.,
 a Delaware
corporation

		
	By:	 	/s/    Mark C. King        
	 	

	 	 	 Mark C. King
 Senior Vice President, Chief
Financial Officer,
 and Secretary

  

	 FS EQUITY PARTNERS III, L.P.,
 a
Delaware limited partnership

  

	 	By:	FS Capital Partners, L.P. 

 Its: General Partner

  

	 	By:	FS Holdings, Inc. 

 Its: General Partner 
  

			
	 	 	By:	 	/s/    Charles P. Rullman         
	 	 	 	

	 	 	 	 	 Charles P. Rullman
 Vice
President

  

	 FS EQUITY PARTNERS INTERNATIONAL, L.P.,
 a Delaware limited partnership

  

	 	By:	FS&Co. International, L.P. 

 Its: General Partner

  

	 	By:	FS International Holdings Limited 

 Its: General Partner

  

			
	 	 	By:	 	/s/    Charles P. Rullman         
	 	 	 	

	 	 	 	 	 Charles P. Rullman
 Vice
President

  

 11Fourth Amendment to Distribution Service Agreement

 Exhibit 10.35 
  
  
 FOURTH AMENDMENT TO DISTRIBUTION SERVICE AGREEMENT 
  
 THIS FOURTH AMENDMENT TO DISTRIBUTION SERVICE AGREEMENT (the
“Amendment”) is made and entered into on the 16th day of October, 2003, to be effective on the Effective Date (as defined below), by and between The Pantry, Inc., a Delaware corporation (“Pantry”) and McLane Company, Inc., a
Texas corporation (“McLane”). 
  
 RECITALS 
  
 WHEREAS, the Pantry, Lil’ Champ Food Stores, Inc., a Florida corporation
(“Lil’ Champ”), and McLane entered into (i) a Distribution Service Agreement effective as of October 10, 1999, (ii) a First Amendment to Distribution Service Agreement effective as of June 28, 2001, (iii) a Second Amendment to
Distribution Service Agreement effective as of September 8, 2001, and (iv) a Third Amendment to Distribution Service Agreement effective as of October 5, 2002 (the October 10, 1999 Distribution Service Agreement, together with the June 28, 2001
First Amendment, September 8, 2001 Second Amendment, and October 5, 2002 Third Amendment are hereinafter referred to collectively as the “Service Agreement”); and 
  
 WHEREAS, the Pantry is in negotiations to acquire additional convenience food stores that it desires to make subject to the
Service Agreement, such additional stores being more particularly described on Exhibit A attached hereto and incorporated herein for all purposes (the “Additional Stores”); and 
  
 WHEREAS, in the event the Pantry acquires the Additional Stores, the Pantry and McLane desire to further amend the Service
Agreement; 
  
 NOW, THEREFORE, for and in consideration of the
promises, covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and expressly conditioned upon the Pantry acquiring the Additional Stores, the Pantry and
McLane do hereby agree as follows: 
  
 1. Additional Stores to
be Subject to Service Agreement. The Pantry and McLane hereby agree that the Additional Stores shall, effective as of the date the Pantry acquires such Additional Stores (the “Effective Date”), be subject to and governed by all terms
and conditions of the Service Agreement, as amended by this Amendment, and shall be considered “stores” for all purposes thereof. 
  
 2. Extension of Service Agreement. The first sentence of Section 4.1 of the Service Agreement is hereby amended to read in its entirety as follows:

  
 * Selected portions have been deleted as confidential pursuant to Rule
24b-2. Complete copies of the entire exhibit have been filed with the Securities and Exchange Commission and marked “CONFIDENTIAL TREATMENT.” 
  

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 “This Agreement shall, unless earlier terminated in accordance with the terms of
this Agreement, continue until October 10, 2008.” 
  
 3.
Adjustment of Service Charge/Gatorade Mark-Up. The Service Charge of $* per store/per week provided for in the Service Agreement is reduced to $* per store/per week and the markup on Gatorade provided for in the Service Agreement is reduced
from *% to *%. 
  
 4. Cigarette Rebate Adjustment. The
Pantry shall be entitled, in addition to the rebates provided for in the Service Agreement and on Exhibit A of the Service Agreement, to an additional rebate of (i) $* (*) per each carton of premium cigarettes and $* (*) per each carton of generic
cigarettes purchased by the Pantry from McLane after the Effective Date for stores located in Georgia, and (ii) $* (*) per each carton of premium cigarettes and $* (*) per each carton of generic cigarettes purchased by the Pantry from McLane after
the Effective Date for stores located in Tennessee. 
  
 5.
Service Allowance. Section 9 of the Third Amendment is hereby amended to read in its entirety as follows: 
  
 “Within ten (10) business days after the Effective Date, McLane shall pay to the Pantry $* per each Additional Store and $* for each
other store subject to the Service Agreement. Such amounts shall be amortized over the twelve (12) month period immediately following the Effective Date using the straight line method of amortization, with any unamortized amount relating to a store
which the Pantry sells, closes or otherwise ceases to operate during such twelve (12) month period being repaid to McLane within ten (10) days after the end of the McLane accounting quarter in which such sale, closure or cessation of operation
occurs through an equitable adjustment made by McLane to any amounts that may be owing by McLane to any amounts that may be owing by McLane to Pantry at the end of such McLane accounting quarter. If the unamortized amount to be repaid to McLane at
the end of such accounting quarter is greater than the amount that is owed by McLane to Pantry, the remaining adjustment will be made at the end of subsequent McLane accounting quarters until the full unamortized amount is repaid by Pantry to
McLane. Provided the Pantry is in compliance with all terms and conditions of the Service Agreement (as amended by this Amendment) on the date payment is due, within ten (10) business days after the beginning of each McLane accounting quarter,
McLane agrees to pay to the Pantry a Service Allowance of $*. This quarterly amount is based on * stores and $* per store; and shall be adjusted equitably during the remaining term of the Service Agreement (as amended by this Amendment) to take into
account store openings and store sales/closures.” 
  
 * Selected portions
have been deleted as confidential pursuant to Rule 24b-2. Complete copies of the entire exhibit have been filed with the Securities and Exchange Commission and marked “CONFIDENTIAL TREATMENT.” 
  
  

 2 

 CONFIDENTIAL TREATMENT 
  
 6. Representation and Warranty. Pantry hereby represents and warrants to McLane that Lil’ Champ has been merged
into The Pantry, Inc. and is no longer a legal entity as of June 25, 2001. As of the Effective Date, Lil’ Champ will be released by McLane as a party to the Service Agreement. In consideration, Pantry represents and warrants to McLane, and
Pantry agrees that (i) all existing Lil’ Champ stores previously serviced by McLane (“Lil’ Champ Stores”) have been transferred to and are owned entirely by Pantry, (ii) McLane will continue to provide services under the Service
Agreement and this Amendment to the Lil’ Champ Stores, and (iii) Pantry will be fully responsible and liable to McLane for the performance of any and all obligations and liabilities of Lil’Champ to McLane under the Service Agreement and
this Amendment. 
  
 7. Effective Date. All terms and
conditions of this Amendment shall be effective as of the Effective Date defined in Section 1 of this Amendment. 
  
 8. Defined Terms. Capitalized terms not specifically defined in this Amendment shall have the meaning ascribed to them in the Service Agreement.

  
 9. No Other Modifications. Except as specifically
modified by this Amendment, all terms and conditions of the Service Agreement shall remain fully applicable and in full force and effect. 
  
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above, to be effective as of the Effective Date. 
  

	 THE PANTRY, INC.

		
	 By:
	 	/S/    DAVID M. ZABORSKI
	 	 	

	 Printed Name:    David M. Zaborski

	 Title:    V.P. Marketing

	
	  
 McLANE
PANTRY, INC.

		
	 By:
	 	/S/    DAVE TESTROET
	 	 	

	 	 	Dave Testroet
	 	 	Division President
	 	 	McLane Carolina/Mid-Atlantic

  
  

 3 

 CONFIDENTIAL TREATMENT 
  
 EXHIBIT A 
  
 GOLDEN GALLON STORE LIST 
  

	

	Count	  	Pantry
Store #	  	Store #	  	Address	  	City	  	State	  	Zip
	

	 1
	  	3492	  	  1	  	SHALLOWFORD & HICKORY VALLEY	  	Chattanooga	  	TN	  	37421
	 2
	  	3493	  	  5	  	101 NEWBERRY ST @ REDDING ROAD	  	Red Bank	  	TN	  	37415
	 3
	  	3494	  	16	  	11280 DAYTON PIKE	  	Soddy Daisy	  	TN	  	37379
	 4
	  	3495	  	18	  	4011 RINGGOLD ROAD	  	Chattanooga	  	TN	  	37412
	 5
	  	3496	  	26	  	(9300 LEE HIGHWAY)	  	Ooltewah	  	TN	  	37363
	 6
	  	3497	  	28	  	5030 HUNTER ROAD @I-75	  	Ooltewah	  	TN	  	37363
	 7
	  	3498	  	31	  	8229 MAHAN GAP ROAD	  	Ooltewah	  	TN	  	37363
	 8
	  	3499	  	37	  	CORNER HWY 76 @225 GREEN RD	  	Chatsworth	  	GA	  	30705
	 9
	  	3500	  	52	  	301 SOUTH ERWIN STREET	  	Cartersville	  	GA	  	30120
	 10
	  	3501	  	60	  	4605 CLEVELAND HIGHWAY	  	Cohutta	  	GA	  	30710
	 11
	  	3502	  	61	  	3608 CHATSWORTH HIGHWAY	  	Dalton	  	GA	  	30720
	 12
	  	3503	  	62	  	5703 ALABAMA HIGHWAY	  	Ringgold	  	GA	  	30736
	 13
	  	3504	  	63	  	2622 CHATTANOOGA ROAD	  	Rocky Face	  	GA	  	30740
	 14
	  	3505	  	64	  	2800 S. DIXIE HIGHWAY	  	Dalton	  	GA	  	30720
	 15
	  	3506	  	65	  	CHATTANOOGA VALLEY ROAD	  	Flinstone	  	GA	  	30725
	 16
	  	3507	  	66	  	HIGHWAY 27 SOUTH	  	Rock Springs	  	GA	  	30739
	 17
	  	3508	  	67	  	1897 MCFARLAND AVENUE	  	Rossville	  	GA	  	30741
	 18
	  	3509	  	69	  	PARK CITY	  	Rossville	  	GA	  	30741
	 19
	  	3510	  	71	  	WEST MAIN @CHATTANOOGA STREET	  	Lafayette	  	GA	  	30728
	 20
	  	3511	  	72	  	209 LEE & GORDON MILL ROAD	  	Chickamauga	  	GA	  	30707
	 21
	  	3512	  	75	  	2200 CLEVELAND ROAD	  	Dalton	  	GA	  	30720
	 22
	  	3513	  	76	  	1476 RED BUD ROAD	  	Calhoun	  	GA	  	30701
	 23
	  	3514	  	77	  	(4806 HIGHWAY 58 NORTH)	  	Chattanooga	  	TN	  	37416
	 24
	  	3515	  	78	  	8701 E. BRAINERD @MORRIS HILL	  	Chattanooga	  	TN	  	37421
	 25
	  	3516	  	81	  	HIGHWAY 225 SOUTH	  	Chatsworth	  	GA	  	30705
	 26
	  	3517	  	82	  	6960 LEE HIGHWAY @SHALLOWFORD	  	Chattanooga	  	TN	  	37421
	 27
	  	3518	  	83	  	CORNER HWY 225 @HWY 41	  	Calhoun	  	GA	  	30701
	 28
	  	3519	  	84	  	(702 E. HIGHWAY 53 SE)	  	Calhoun	  	GA	  	30701
	 29
	  	3520	  	85	  	11134 HIGHWAY 27	  	Summerville	  	GA	  	30747
	 30
	  	3521	  	86	  	406 LYLERLY HIGHWAY	  	Summerville	  	GA	  	30747
	 31
	  	3522	  	88	  	3129 MAPLE STREET	  	Lindale	  	GA	  	30147
	 32
	  	3523	  	89	  	1010 E WALNUT AVE @RIVERBEND	  	Dalton	  	GA	  	30720
	 33
	  	3524	  	90	  	234 BROWN’S FERRY RD @I-24	  	Chattanooga	  	TN	  	37419
	 34
	  	3525	  	91	  	201 CARBONDALE ROAD SW	  	Dalton	  	GA	  	30720
	 35
	  	3526	  	92	  	FORT MOUNTAIN & US 411	  	Chatsworth	  	GA	  	30705
	 36
	  	3527	  	93	  	2512 AMNICOLA HIGHWAY	  	Chattanooga	  	TN	  	37406
	 37
	  	3528	  	95	  	190 S MAIN STREET @US 11	  	Trenton	  	GA	  	30752
	 38
	  	3529	  	96	  	5331 HWY 58 @HICKORY VALLEY	  	Chattanooga	  	TN	  	37416

  

 i 

 CONFIDENTIAL TREATMENT 
  

	

	Count	  	Pantry
Store #	  	Store #	  	Address	  	City	  	State	  	Zip
	

	 39
	  	3530	  	101	  	1321 DUG GAP	  	Dalton	  	GA	  	30720
	 40
	  	3531	  	102	  	1002 UNDERWOOD STREET	  	Dalton	  	GA	  	30720
	 41
	  	3532	  	103	  	2006 REDMOND CIRCLE	  	Rome	  	GA	  	30161
	 42
	  	3533	  	105	  	5501 HWY 153 @GADD ROAD	  	Hixson	  	TN	  	37343
	 43
	  	3534	  	106	  	1131 NORTH MAIN STREET	  	Lafayette	  	GA	  	30728
	 44
	  	3535	  	107	  	2300 SPRINGPLACE ROAD	  	Cleveland	  	TN	  	37311
	 45
	  	3536	  	109	  	4814 ALABAMA HWY, NW @HWY 20	  	Rome	  	GA	  	30161
	 46
	  	3537	  	110	  	4350 MARTHA BERRY HIGHWAY NE	  	Rome	  	GA	  	30161
	 47
	  	3538	  	113	  	10086 DAYTON PIKE	  	Soddy Daisy	  	TN	  	37379
	 48
	  	3539	  	114	  	6224-A HIXSON PIKE @BIG RDGE	  	Hixson	  	TN	  	30343
	 49
	  	3540	  	117	  	1182 MOUNTAIN CREEK ROAD	  	Chattanooga	  	TN	  	37405
	 50
	  	3541	  	119	  	1005 HIXSON PIKE	  	Hixson	  	TN	  	37343
	 51
	  	3542	  	123	  	5216 DAYTON BLVD @GADD ROAD	  	Red Bank	  	TN	  	37415
	 52
	  	3543	  	124	  	2501 DAYTON BLVD @SIGNAL VW	  	Red Bank	  	TN	  	37415
	 53
	  	3544	  	125	  	902 DALLAS ROAD @SYLVAN	  	Chattanooga	  	TN	  	37405
	 54
	  	3545	  	127	  	5710 LAKE RESORT DRIVE	  	Chattanooga	  	TN	  	37415
	 55
	  	3546	  	129	  	3480 KEITH STREET	  	Cleveland	  	TN	  	37311
	 56
	  	3547	  	130	  	4850 GEORGETOWN PIKE	  	Cleveland	  	TN	  	37311
	 57
	  	3548	  	131	  	703 SOUTH WHITE STREET	  	Athens	  	TN	  	37303
	 58
	  	3549	  	135	  	910 NORTH BROAD, NE	  	Rome	  	GA	  	30161
	 59
	  	3550	  	137	  	712 SIGNAL MOUNTAIN ROAD	  	Chattanooga	  	TN	  	37409
	 60
	  	3551	  	138	  	6 SHORTER AVENUE, NW	  	Rome	  	GA	  	30161
	 61
	  	3552	  	139	  	3740 TENNESSEE AVENUE	  	Chattanooga	  	TN	  	37409
	 62
	  	3553	  	141	  	5337 ALABAMA HIGHWAY	  	Ringgold	  	GA	  	30736
	 63
	  	3554	  	145	  	902 JOE FRANKLIN PARKWAY	  	Cartersville	  	GA	  	30120
	 64
	  	3555	  	151	  	1301 LAFAYETTE ROAD	  	Rossville	  	GA	  	30741
	 65
	  	3556	  	152	  	4919 MAIN STREET	  	Jasper	  	TN	  	37347
	 66
	  	3557	  	153	  	4849 HIXSON PIKE	  	Hixson	  	TN	  	37343
	 67
	  	3558	  	154	  	852 RANKIN AVENUE, NORTH	  	Dunlap	  	TN	  	37327
	 68
	  	3559	  	155	  	1200 OAK DRIVE	  	Manchester	  	TN	  	37355
	 69
	  	3560	  	156	  	I-59 @HIGHWAY 136	  	Trenton	  	GA	  	30752
	 70
	  	3561	  	158	  	ROUTE 8, BOX 201 SCRUGGS RD	  	Ringgold	  	GA	  	30736
	 71
	  	3562	  	159	  	2493 SOUTH CHURCH STREET	  	Murfreesboro	  	TN	  	37130
	 72
	  	3563	  	160	  	1401 RED BUD ROAD	  	Calhoun	  	GA	  	30701
	 73
	  	3564	  	161	  	3070 CEDARTOWN HWY	  	Rome	  	GA	  	30161
	 74
	  	3565	  	162	  	1264 MCMINNVILLE HIGHWAY	  	Manchester	  	TN	  	37355
	 75
	  	3566	  	163	  	2374 OLD FORT PARKWAY	  	Murfreesboro	  	TN	  	37130
	 76
	  	3567	  	165	  	2278 HILLSBORO BLVD	  	Manchester	  	TN	  	37355
	 77
	  	3568	  	166	  	2695 ADP 40, SE	  	Cleveland	  	TN	  	37311
	 78
	  	3569	  	167	  	8972 RHEA COUNTY HIGHWAY	  	Dayton	  	TN	  	37321
	 79
	  	3570	  	168	  	6708 RINGGOLD ROAD	  	Chattanooga	  	TN	  	37412
	 80
	  	3571	  	170	  	835 HIGHWAY 411, NORTH	  	Etowah	  	TN	  	37331
	 81
	  	3572	  	173	  	(4858 HIGHWAY 58)	  	Chattanooga	  	TN	  	37416

  

 ii 

 CONFIDENTIAL TREATMENT 
  

	

	Count	  	Pantry
Store #	  	Store #	  	Address	  	City	  	State	  	Zip
	

	 82
	  	3573	  	176	  	8540 HIXSON PIKE @CMP COLUM	  	Hixson	  	TN	  	37343
	 83
	  	3574	  	179	  	13424 DAYTON PIKE	  	Soddy Daisy	  	TN	  	37379
	 84
	  	3575	  	181	  	8640 DAYTON PIKE	  	Soddy Daisy	  	TN	  	37379
	 85
	  	3576	  	182	  	4026 SHALLOWFORD RD @N. MOOR	  	Chattanooga	  	TN	  	37411
	 86
	  	3577	  	183	  	(3407 AMNICOLA HIGHWAY)	  	Chattanooga	  	TN	  	37406
	 87
	  	3578	  	184	  	4300 NORCROSS RD @ELY RD	  	Hixson	  	TN	  	37343
	 88
	  	3579	  	185	  	1850 ALMAVILLE ROAD	  	Smyrna	  	TN	  	37167
	 89
	  	3580	  	186	  	ROUTE 1, BOX 1130	  	Monteagle	  	TN	  	37356
	 90
	  	3581	  	187	  	3390 AIRPORT ROAD	  	Dalton	  	GA	  	30721
	 91
	  	3582	  	188	  	3743 CUMMINGS HWY @I-24	  	Chattanooga	  	TN	  	37419
	 92
	  	3583	  	189	  	1702 SOUTH RUTHERFORD BLVD	  	Murfreesboro	  	TN	  	37130
	 93
	  	3584	  	190	  	519 WALDRON ROAD	  	Lavergne	  	TN	  	37086
	 94
	  	3585	  	192	  	8003 HORTON HIGHWAY	  	Arrington	  	TN	  	37014
	 95
	  	3586	  	193	  	HWY 411 BOX 597A	  	Ocoee	  	TN	  	37361
	 96
	  	3587	  	195	  	1418 BATTLEFIELD PARKWAY	  	Ft. Oglethorpe	  	GA	  	30742
	 97
	  	3588	  	197	  	9652 E BRAINERD RD @OOL-RING	  	Chattanooga	  	TN	  	37421
	 98
	  	3589	  	201	  	210 25TH STREET, NW	  	Cleveland	  	TN	  	37311
	 99
	  	3590	  	202	  	2214 EAST WALNUT AVENUE	  	Dalton	  	GA	  	30720
	 100
	  	3591	  	203	  	1200 SOUTH CEDAR	  	S. Pttsburg	  	TN	  	37380
	 101
	  	3592	  	204	  	2280 SPRINGPLACE ROAD	  	Cleveland	  	TN	  	37311
	 102
	  	3593	  	205	  	2502 BLUE SPRINGS ROAD	  	Cleveland	  	TN	  	37311
	 103
	  	3594	  	206	  	410 EAST NORTH STREET	  	Sweetwater	  	TN	  	37874
	 104
	  	3595	  	207	  	HIGHWAY 58	  	Decatur	  	TN	  	37322
	 105
	  	3596	  	210	  	HIGHWAY 64	  	Ducktown	  	TN	  	37326
	 106
	  	3597	  	211	  	HWY 411 & MAIN STREET	  	Benton	  	TN	  	37307
	 107
	  	3598	  	212	  	MT. VERD ROAD & I-75	  	Athens	  	TN	  	37303
	 108
	  	3599	  	213	  	1157 HIGHWAY 68	  	Sweetwater	  	TN	  	37874
	 109
	  	3600	  	215	  	230 TENNESSEE AVENUE	  	Etowah	  	TN	  	37331
	 110
	  	3601	  	216	  	612 SOUTH MAIN STREET	  	Sweetwater	  	TN	  	37874
	 111
	  	3602	  	217	  	6003 SHALLOWFORD ROAD	  	Chattanooga	  	TN	  	37411
	 112
	  	3603	  	218	  	1700 HARRISON PIKE	  	Cleveland	  	TN	  	37311
	 113
	  	3604	  	219	  	1200 CLEVELAND HIGHWAY	  	Dalton	  	GA	  	30721
	 114
	  	3605	  	220	  	5012 HIXSON PIKE	  	Hixson	  	TN	  	37343
	 115
	  	3606	  	221	  	2631 DECATUR PIKE	  	Athens	  	TN	  	37303
	 116
	  	3607	  	227	  	6239 HIGHWAY 58	  	Harrison	  	TN	  	37341
	 117
	  	3608	  	229	  	796 NISSAN BLVD	  	Smyrna	  	TN	  	37167
	 118
	  	3609	  	230	  	198 HAYWOOD LANE	  	Nashville	  	TN	  	37211
	 119
	  	3610	  	231	  	989 INTERSTATE DRIVE	  	Manchester	  	TN	  	37355
	 120
	  	3611	  	232	  	109 SEQUOYAH ACCESS ROAD	  	Soddy	  	TN	  	37379
	 121
	  	3612	  	233	  	3901-A CLEVELAND HIGHWAY	  	Dalton	  	GA	  	30721
	 122
	  	3613	  	234	  	5183 MURFREESBORO ROAD	  	LeVergne	  	TN	  	37086
	 123
	  	3614	  	235	  	7020 E. BRAINERD ROAD	  	Chattanooga	  	TN	  	37421

  

 iii 

 CONFIDENTIAL TREATMENT 
  

	

	Count	  	Pantry
Store #	  	Store #	  	Address	  	City	  	State	  	Zip
	

	 124
	  	3615	  	236	  	6855 BATTLEFIELD PARKWAY	  	Ringgold	  	GA	  	30736
	 125
	  	3616	  	237	  	4900 BRAINERD RD @MOORE RD	  	Chattanooga	  	TN	  	30741
	 126
	  	3617	  	239	  	2610 SOUTH CHURCH STREET	  	Murfreesboro	  	TN	  	37128
	 127
	  	3618	  	240	  	1221 SOUTH WATER AVENUE	  	Gallatin	  	TN	  	37066
	 128
	  	3619	  	243	  	1001 LAFAYETTE ROAD	  	Chickamauga	  	GA	  	30707
	 129
	  	3620	  	244	  	10576 LEBANON ROAD	  	Mt. Juliet	  	TN	  	37122
	 130
	  	3621	  	246	  	2098 MADISON ST SHELBYVILLE	  	Shelbyville	  	TN	  	37160
	 131
	  	3622	  	247	  	(11400 HIGHWAY 41)	  	Ringgold	  	GA	  	30736
	 132
	  	3623	  	248	  	(600 ASHLAND TERRANCE)	  	Chattanooga	  	TN	  	37415
	 133
	  	3624	  	250	  	(2300 JENKINS RD)	  	Chattanooga	  	TN	  	37421
	 134
	  	3625	  	601	  	(1309 WEST MAIN STREET)	  	Lebanon	  	TN	  	37087
	 135
	  	3626	  	602	  	(3401 MEMORIAL BLVD)	  	Murfreesboro	  	TN	  	37130
	 136
	  	3627	  	603	  	(HWY 70 & OLD KENTUCKY HWY)	  	Cookeville	  	TN	  	38503
	 137
	  	3628	  	623	  	CLEVELAND	  	Cleveland	  	TN	  	37311
	 138
	  	3629	  	626	  	(6917 MIDDLE VALLEY RD)	  	Hixson	  	TN	  	37343

  

 iv

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]