Document:

EX-10.1

#4383674.5

Exhibit 10.1

AMENDMENT NO. 2 TO CREDIT AGREEMENT

This Amendment No. 2 to Credit Agreement, dated as of October 21, 2013 (this
“Amendment”), is among Ferrellgas, L.P., a Delaware limited partnership (the
“Borrower”), Ferrellgas, Inc., a Delaware corporation and sole general partner of the
Borrower (the “General Partner”), Bank of America, N.A., as Administrative Agent (in such
capacity, the “Administrative Agent”), Swing Line Lender and L/C Issuer, and the Lenders
party hereto.

INTRODUCTION

	 	A.	 	The Borrower, the General Partner, the Administrative Agent and the Lenders
entered into that certain Credit Agreement, dated as of November 2, 2009 (as amended,
supplemented, or restated to the date hereof, the “Original Agreement” and, as
amended by this Amendment, the “Credit Agreement”), for the purpose and
consideration therein expressed, whereby the Lenders became obligated to make loans and
other extensions of credit to the Borrower as therein provided; and

	 	B.	 	The Borrower, the General Partner, the Administrative Agent and the Lenders
desire to amend the Original Agreement as set forth herein;

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein and in the Original Agreement, in consideration of the loans and other extensions
of credit that may hereafter be made by the Lenders to the Borrower, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto do hereby agree as follows:

Section 1 Terms Defined in the Original Agreement. Unless the context otherwise
requires or unless otherwise expressly defined herein, the terms defined in the Original Agreement
shall have the same meanings whenever used in this Amendment.

Section 2 Amendments to Original Agreement.

(a) Section 1.01 of the Original Agreement is hereby amended by:

(i) deleting the defined term “Amendment No. 1”.

(ii) adding the following definitions in the appropriate alphabetical order:

“Amendment No. 2” means Amendment No. 2 dated as of October 21,
2013 among the Administrative Agent, the L/C Issuers, the Lenders party
thereto, and the Borrower.

“Amendment No. 2 Effective Date” means October 21, 2013.

“Commodity Exchange Act” means the Commodity Exchange Act (7
U.S.C. § 1 et seq.), as amended from time to time, and any successor
statute, or any rule, regulation or order of the U.S. Commodity Futures
Trading Commission (or the application or official interpretation of any
thereof).

“Designated Jurisdiction” means any country or territory to the
extent that such country or territory itself is the subject of any Sanction.

“Eligible Contract Participant” means, with respect to any
Swap, a Person that is an “eligible contract participant”, as defined in the
Commodity Exchange Act, with respect to such Swap.

“Excluded Swap Obligation” means, with respect to any
Guarantor, any Swap Obligation if, and to the extent that, all or a portion
of the guaranty by such Guarantor of, or the grant by such Guarantor of a
security interest or lien to secure, or the provision by such Guarantor of
other support of, such Swap Obligation is or becomes illegal under the
Commodity Exchange Act by virtue of such party’s failure for any reason to
constitute an Eligible Contract Participant at the time such guaranty, grant
of security interest or lien or provision of support of, such Swap
Obligation becomes effective. If a Swap Obligation arises under a master
agreement governing more than one Swap, such exclusion shall apply only to
the portion of such Swap Obligation that is attributable to Swaps for which
such guaranty, grant of security interest or lien to secure or provision of
other support is or becomes illegal.

“OFAC” means the Office of Foreign Assets Control of the United
States Department of the Treasury.

“Sanction(s)” means any international economic sanction
administered or enforced by the United States Government (including without
limitation, OFAC), the United Nations Security Council, the European Union,
Her Majesty’s Treasury or other relevant sanctions authority.

“Swap” means any “swap” within the meaning of section 1a(47) of
the Commodity Exchange Act.

“Swap Obligation” means any obligation to pay or perform under
any Swap, whether as a party to such Swap or by providing any guarantee of
or provision of support for such Swap (and whether or not such obligation is
a Secured Hedge Obligation hereunder).

(iii) amending the definition of “Applicable Rate” in its entirety to read as follows:

“Applicable Rate” means the applicable percentage per annum set
forth below determined by reference to the Consolidated Leverage Ratio as
set forth in the most recent Compliance Certificate received by the
Administrative Agent pursuant to Section 6.02(b) or Amendment No. 2:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing

Level
	 	Consolidated Leverage

Ratio

	 	Eurodollar

Rate/Standby

Letters of Credit
	 	Base Rate

	 	Commercial Letters

of Credit

	 	Commitment Fee

	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1	 	 	<2.75:1

	 	 	1.75	%	 	 	0.75	%	 	 	1.75	%	 	 	0.35	%
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	2	 	 	=2.75:1 but <3.25:1

	 	 	2.00	%	 	 	1.00	%	 	 	2.00	%	 	 	0.35	%
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	3	 	 	=3.25:1 but <3.75:1

	 	 	2.25	%	 	 	1.25	%	 	 	2.25	%	 	 	0.50	%
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	4	 	 	=3.75:1 but =4.25:1

	 	 	2.50	%	 	 	1.50	%	 	 	2.50	%	 	 	0.50	%
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	5	 	 	>4.25:1

	 	 	2.75	%	 	 	1.75	%	 	 	2.75	%	 	 	0.50	%
	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Any increase or decrease in the Applicable Rate resulting from a change
in the Consolidated Leverage Ratio shall become effective as of the first
Business Day immediately following the date a Compliance Certificate is
delivered pursuant to Section 6.02(b); provided,
however, that if a Compliance Certificate is not delivered when due
in accordance with such Section, then, upon the request of the Required
Lenders, Pricing Level 5 shall apply, in each case as of the first Business
Day after the date on which such Compliance Certificate was required to have
been delivered and in each case shall remain in effect until the date on
which such Compliance Certificate is delivered.

Notwithstanding anything to the contrary contained in this definition, the
determination of the Applicable Rate for any period shall be subject to the
provisions of Section 2.10(b).

(iv) amending the definition of “Arranger” by replacing “Banc of America Securities
LLC” with “Merrill Lynch, Pierce, Fenner & Smith Incorporated”.

(v) amending the definition of “Audited Financial Statements” by replacing “2010” with
“2013.”

(vi) amending the definition of “Change in Law” in its entirety as follows:

“Change in Law” means the occurrence, after the date of this
Agreement, of any of the following: (a) the adoption or taking effect of any
law, rule, regulation or treaty, (b) any change in any law, rule, regulation
or treaty or in the administration, interpretation, implementation or
application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having
the force of law) by any Governmental Authority; provided that
notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives thereunder or issued in connection therewith and
(y) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States or foreign
regulatory authorities, in each case pursuant to Basel III, shall in each
case be deemed to be a “Change in Law”, regardless of the date enacted,
adopted or issued.

(vii) amending the last proviso in the definition of “Defaulting Lender” in its
entirety as follows:

provided that a Lender shall not be a Defaulting Lender solely by
virtue of the ownership or acquisition of any Equity Interest in that Lender
or any direct or indirect parent company thereof by a Governmental Authority
so long as such ownership interest does not result in or provide such Lender
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 Lender (or such Governmental Authority) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender. Any
determination by the Administrative Agent that a Lender is a Defaulting
Lender under any one or more of clauses (a) through (e) above, and of the
effective date of such status, shall be conclusive and binding absent
manifest error, and such Lender shall be deemed to be a Defaulting Lender
(subject to Section 2.15(b)) as of the date established therefor by the
Administrative Agent in a written notice of such determination, which shall
be delivered by the Administrative Agent to the Borrower, each L/C Issuer,
the Swing Line Lender and each other Lender promptly following such
determination.

(viii) amending the definition of “Eurodollar Rate” in its entirety as follows:

“Eurodollar Rate” means:

(a) for any Interest Period with respect to a Eurodollar Rate Loan, the
rate per annum equal to (i) the London Interbank Offered Rate
(“LIBOR”), as published on the applicable Reuters screen page (or if
such publication is unavailable, such other commercially available source
providing quotations of LIBOR as may be designated by the Administrative
Agent from time to time) at approximately 11:00 a.m., London time, two
Business Days prior to the commencement of such Interest Period, for Dollar
deposits (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period; and

(b) for any interest calculation with respect to a Base Rate Loan on
any date, the rate per annum equal to LIBOR, at approximately 11:00 a.m.,
London time, determined two Business Days prior to such date for Dollar
deposits with a term of one month commencing that day;

provided that if LIBOR is not available at the applicable time for any
reason, then the “Eurodollar Rate” shall be determined using a comparable or
successor rate that is approved by the Administrative Agent, which approved
rate shall be applied in a manner consistent with market practice; provided,
further that to the extent such market practice is not administratively
feasible for the Administrative Agent, such approved rate shall be applied
in a manner as otherwise reasonably determined by the Administrative Agent.

(ix) amending the definition of “Eurodollar Rate Loan” by replacing “the Eurodollar
Rate” with “clause (a) of the definition of Eurodollar Rate”.

(x) amending the definition of “Maturity Date” in its entirety as follows:

“Maturity Date” means October 21, 2018; provided,
however, that if such date is not a Business Day, the Maturity Date
shall be the next preceding Business Day.

(xi) amending the definition of “Secured Hedge Obligations” by inserting the following
before the last period:

; provided that, when used with reference to any Guarantor, the term
“Secured Hedge Obligation” excludes any Excluded Swap Obligations with
respect to such Guarantor

(b) Section 5.05 of the Original Agreement is hereby amended by

(i) amending clause (b) in its entirety as follows:

(b) The unaudited consolidated balance sheets of the Borrower and its
Subsidiaries dated October 31, 2012, January 31, 2013, and April 30, 2013,
respectively, and the related consolidated statements of income or
operations, partners’ capital and cash flows for the fiscal quarters ended
on such dates (i) were prepared in accordance with GAAP consistently applied
throughout the period covered thereby, except as otherwise expressly noted
therein, and (ii) fairly present the financial condition of the Borrower and
its Subsidiaries as of the dates thereof and their results of operations for
the periods covered thereby, subject, in the case of clauses (i) and (ii),
to the absence of footnotes and to normal year-end audit adjustments.

(ii) replacing “Amendment No. 1” in clause (d) with “Amendment No. 2”.

(c) Section 5.13 of the Original Agreement is hereby amended by replacing “Amendment No. 1
Effective Date” with “Amendment No. 2 Effective Date”.

(d) ARTICLE V is hereby amended by adding new Section 5.20 at the end thereof as follows:

5.20 OFAC. Neither the Borrower, nor any of its Subsidiaries, nor, to the
knowledge of the Borrower and its Subsidiaries, any director, officer, employee,
agent, affiliate or representative thereof, is an individual or entity currently the
subject of any Sanctions, nor is the Borrower or any Subsidiary located, organized
or resident in a Designated Jurisdiction.

(e) Section 6.01(d) of the Original Agreement is hereby amended by replacing “2010” with
“2013”.

(f) Section 6.12 is hereby amended by adding new clause (d) at the end thereof as follows:

(d) Notwithstanding anything in this Agreement or any Collateral Document to
the contrary, no Guarantor shall guarantee (or grant a Lien to support, as
applicable) any Excluded Swap Obligations of such Guarantor for purposes of
determining any obligations of such Guarantor.

(g) ARTICLE VII is hereby amended by adding new Section 7.20 at the end thereof as follows:

7.20 Sanctions. Directly or indirectly, use the proceeds of any Credit
Extension, or lend, contribute or otherwise make available such proceeds to any
Subsidiary, joint venture partner or other individual or entity, to fund any
activities of or business with any individual or entity, or in any Designated
Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in
any other manner that will result in a violation by any individual or entity
(including any individual or entity participating in the transaction, whether as
Lender, Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or otherwise)
of Sanctions.

(h) Section 7.05(g) of the Original Agreement is hereby amended by replacing “Amendment No. 1
Effective Date” with “Amendment No. 2 Effective Date”.

(i) Section 7.11(b) of the Original Agreement is hereby amended by replacing “2.50 to 1.0”
with “2.75 to 1.0”.

(j) Section 8.03 of the Original Agreement is hereby amended by replacing “Last, the
balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the
Borrower or as otherwise required by Law.” with as follows:

Last, the balance, if any, after all of the Secured Obligations have been
indefeasibly paid in full, to Borrower or as otherwise required by Law;

provided that, to the extent that any Excluded Swap Obligations exist with respect to any
Guarantor, monies or property received from such Guarantor or from the proceeds of any
Collateral provided by such Guarantor may not be shared with the Hedge Banks to the extent
that doing so would violate the Commodity Exchange Act (but to the maximum extent allowed
under applicable law the amounts received or recovered from the other Loan Parties will
instead be allocated to the Hedge Banks as necessary to achieve the overall ratable
applications of monies and property intended by this Section but for this proviso).

(k) Schedule 2.01 of the Original Agreement is hereby amended and restated in its entirety
with Schedule 2.01 attached hereto.

(l) Schedule 5.13A of the Original Agreement is hereby amended to delete the row in the table
with the reference to “Ferrellgas Real Estate, Inc., a Delaware corporation”.

Section 3 Conditions to Effectiveness. This Amendment shall become effective as of
the date first above written when and only when:

(a) The Administrative Agent shall have received all of the following, at the Administrative
Agent’s office:

(i) an original counterpart to this Amendment, duly executed by all parties hereto;

(ii) satisfactory results of all applicable lien searches;

(iii) satisfactory evidence that the Borrower and its Restricted Subsidiaries maintain
insurance that is customary in the industry, including without limitation the amount, types
and terms and conditions of such insurance; and the Lenders shall have received certificates
naming the Administrative Agent, on behalf of the Lenders, as an additional insured or loss
payee, as the case may be, under all insurance policies to be maintained with respect to the
properties of the Borrower and its subsidiaries forming part of the Lenders’ Collateral;

(iv) satisfactory opinions of counsel to the Borrower and the Guarantors addressed to
the Lenders (which shall cover, among other things, authority, legality, validity, binding
effect and enforceability of the documents for the Original Agreement, as amended and no
conflict with the terms of the Borrower’s indentures) and of appropriate local counsel, if
any, and such corporate resolutions, certificates and other documents as the Lenders shall
reasonably require;

(v) satisfactory evidence that the Administrative Agent (on behalf of the Lenders)
shall continue to have a valid and perfected first priority (subject to Permitted Liens)
security interest in the Collateral (or arrangements satisfactory to the Administrative
Agent shall have been made to provide for such filings to be made to provide such security
interest);

(vi) a duly completed Compliance Certificate signed by a Responsible Officer of the
General Partner for the July 31, 2013 year-end audited financial statements; and

(vii) a certificate signed by a Responsible Officer of the General Partner certifying
(A) that the conditions specified in Sections 4.02(a) and (b) of the Credit
Agreement have been satisfied, and (B) that the conditions specified in Sections
3(b) and (c) below have been satisfied.

(b) There shall not have occurred since July 31, 2013 any event or condition that has had or
could be reasonably expected, either individually or in the aggregate, to have a Material Adverse
Effect.

(c) There shall be no action, suit, investigation or proceeding pending or, to the knowledge
of the Borrower, threatened in any court or before any arbitrator or governmental authority that
could reasonably be expected to have a Material Adverse Effect.

(d) The Borrower shall have paid, in connection with the Loan Documents, all recording,
handling, legal, and other fees or payments required to be paid to the Administrative Agent or any
Lender pursuant to any Loan Documents for which an invoice has been received at least one business
day before the date hereof.

(e) The Administrative Agent shall have received financial projections and inventory sales
projections (reporting projected volumes of propane to be sold) with respect to the Borrower and
the Guarantors for fiscal years 2014 through 2016, including balance sheets and statements of
projected income and cash flow, in each case with pro forma adjustments for the transactions
implied herein.

(f) All accrued interest, fees and other amounts payable under the Original Agreement for the
account of any Lender (as defined in the Original Agreement) shall have been paid.

Section 4 Confirmation; Representations and Warranties.

In order to induce each Lender to enter into this Amendment, the Borrower represents and
warrants to each Lender that:

(a) The representations and warranties of the Borrower contained in the Credit Agreement are
true and correct in all respects at and as of the time of the effectiveness hereof, except to the
extent that the facts on which such representations and warranties are based have been changed by
the extensions of credit under the Credit Agreement or that such representations and warranties
specifically refer to an earlier date, in which case such representations and warranties were true
and correct in all material respects as of such earlier date.

(b) The Borrower and the General Partner are duly authorized to execute and deliver this
Amendment and have duly taken all corporate action necessary to authorize the execution and
delivery of this Amendment and to authorize the performance of the obligations of the Borrower and
the General Partner hereunder.

(c) The execution and delivery by the Borrower and the General Partner of this Amendment, the
performance by the Borrower and the General Partner of their obligations hereunder and the
consummation of the transactions contemplated hereby do not and will not conflict with any
provision of law, statute, rule or regulation or of the Organization Documents of the Borrower or
the General Partner, or of any material agreement, judgment, license, order or permit applicable to
or binding upon the Borrower or the General Partner, or result in the creation of any lien, charge
or encumbrance upon any assets or properties of the Borrower or the General Partner. Except for
those which have been obtained, no consent, approval, authorization or order of any court or
Governmental Authority or third party is required in connection with the execution and delivery by
the Borrower and the General Partner of this Amendment or to consummate the transactions
contemplated hereby.

(d) When duly executed and delivered, each of this Amendment and the Credit Agreement will be
a legal and binding obligation of the Borrower and the General Partner, enforceable in accordance
with its terms, except as limited by bankruptcy, insolvency or similar laws of general application
relating to the enforcement of creditors’ rights and by equitable principles of general
application.

Section 5 Miscellaneous.

(a) Ratification of Agreements. The Original Agreement as hereby amended is hereby
ratified and confirmed in all respects. The Loan Documents, as they may be amended or affected by
this Amendment, are hereby ratified and confirmed in all respects. Any reference to the Credit
Agreement in any Loan Document shall be deemed to be a reference to the Original Agreement as
hereby amended. The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders under
the Credit Agreement, the Notes, or any other Loan Document nor constitute a waiver of any
provision of the Credit Agreement, the Notes or any other Loan Document.

(b) Survival of Agreements. All representations, warranties, covenants and agreements
of the Borrower herein shall survive the execution and delivery of this Amendment and the
performance hereof, including without limitation the making or granting of the Loans, and shall
further survive until all of the Obligations are paid in full.

(c) Loan Documents. This Amendment is a Loan Document, and all provisions in the
Credit Agreement pertaining to Loan Documents apply hereto.

(d) Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.

(e) Counterparts; Electronic Transmission. This Amendment may be separately executed
in counterparts and by the different parties hereto in separate counterparts, each of which when so
executed shall be deemed to constitute one and the same Amendment. This Amendment may be validly
executed by facsimile or other electronic transmission.

(f) ENTIRE AGREEMENT. THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL
AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]IN WITNESS WHEREOF, this
Amendment is executed as of the date first above written.

	 	 	 
	FERRELLGAS, L.P.
By: Ferrellgas, Inc., as its General Partner

	By:

	 	     /s/ James R. VanWinkle—
	Name:

	 	James R. VanWinkle
	Title:

	 	Executive Vice President and Chief Financial Officer

	 	 	 
	FERRELLGAS, INC.
	By:	 	__/s/ James R. VanWinkle_______
	Name:	 	James R. VanWinkle
	Title:	 	Executive Vice President and Chief Financial Officer

	 	 	 
	 	 	}
	BANK OF AMERICA, N.A., as
	Administrative Agent
	By:	 	/s/ Michael Clayborne
	Name:	 	Michael Clayborne
	Title:	 	Vice President

	 	 	 
	BANK OF AMERICA, N.A., as a
	Lender, L/C Issuer and Swing Line
	Lender
	By: /s/ Michael Clayborne
	Name: Michael Clayborne
	Title: Vice President

WELLS FARGO BANK, N.A., as a Lender

By: /s/ T. Bancroft Mattei

1

	 	 	 
	 	 	Name:	 	 	__T. Bancroft Mattei
	 	 	Title:	_Director

JPMORGAN CHASE BANK, N.A., as a Lender

By: /s/ Preeti Yeung

2

	 	 	 
	 	 	Name:	 	 	__Preeti Yeung
	 	 	Title:	Authorized Officer

FIFTH THIRD BANK, as a Lender

By: /s/ Stephen C. Watts

3

	 	 	 
	 	 	Name:	 	 	__Stephen C. Watts
	 	 	Title:	Vice President

BMO HARRIS BANK N.A.,

Successor-by-merger to

M&I Marshall & Ilsley BANK, as a Lender

By: /s/ David T. Hunt—

	 	 	 
	 	 	Name:	 	 	__David T. Hunt
	 	 	Title:	Vice President
	 	 	By:	/s/ Matt Mayer

4

	 	 	 
	 	 	Name:	 	 	__Matt Mayer
	 	 	Title:	Vice President

THE PRIVATEBANK & TRUST COMPANY, as a Lender

By: /s/ Zach Strube

	 	 	 
	 	 	Name:	 	 	__Zach Strube
	 	 	Title:	Associate Managing Director

SUNTRUST BANK, as a Lender

By: /s/ Andrew Johnson

5

	 	 	 
	 	 	Name:	 	 	__Andrew Johnson
	 	 	Title:	Director

CAPITAL ONE, N.A., as a Lender

By: /s/ Karen S. DeBlieux

6

	 	 	 
	 	 	Name:	 	 	__Karen S. DeBlieux
	 	 	Title:	Senior Vice President

PNC BANK, NATIONAL ASSOCIATION, as a Lender and an
L/C Issuer

By: /s/ John Berry

7

	 	 	 
	 	 	Name:	 	 	__John Berry
	 	 	Title:	Vice President

U.S. BANK NATIONAL ASSOCIATION, as a Lender

By: /s/ Magnus McDowell

	 	 	 
	 	 	Name:	 	 	__Magnus McDowell
	 	 	Title:	Vice President

CONSENT AND AGREEMENT

The undersigned hereby (i) consents to the provisions of the Amendment No. 2 to Credit
Agreement (the “Second Amendment”) and the transactions contemplated herein, (ii) ratifies
and confirms its Guaranty dated as of November 2, 2009, made by it for the benefit of the
Administrative Agent and the Lenders, executed pursuant to the Credit Agreement and the other Loan
Documents, (iii) agrees that all of its obligations and covenants thereunder shall remain
unimpaired by the execution and delivery of the Second Amendment and the other documents and
instruments executed in connection herewith, and (iv) agrees that its Guaranty and the other Loan
Documents shall remain in full force and effect.

	 	 	 
	FERRELLGAS, INC.

	By:

	 	     /s/ James R. VanWinkle—
	Name:

	 	James R. VanWinkle
	Title:

	 	Executive Vice President and Chief Financial Officer

	 	 	 
	BLUE RHINO GLOBAL SOURCING, INC.
	By:	 	__/s/ James R. VanWinkle_______
	Name:	 	James R. VanWinkle
	Title:	 	Executive Vice President and Chief Financial Officer
	SCHEDULE 2.01

COMMITMENTS

AND APPLICABLE PERCENTAGES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lender

	 	Commitment
	 	Letter of

Credit Sublimit

Participation
	 	Applicable

Percentage

	 

	 	 	 	 	 	 	 	 	 	 	 	 
	Bank of America, N.A.

	 	$	70,000,000.00	 	 	$	28,000,000.00	 	 	 	14.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	Wells Fargo Bank, N.A.

	 	$	70,000,000.00	 	 	$	28,000,000.00	 	 	 	14.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	JPMorgan Chase Bank, N.A.

	 	$	70,000,000.00	 	 	$	28,000,000.00	 	 	 	14.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	Fifth Third Bank

	 	$	60,000,000.00	 	 	$	24,000,000.00	 	 	 	12.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	BMO Harris Bank, N.A.,

successor-by-merger to M&I

Marshall & Ilsley Bank

	 	$45,000,000.00

	 	$18,000,000.00

	 	9.000000000%

	 

	 	 	 	 	 	 	 	 	 	 	 	 
	The PrivateBank & Trust Company

	 	$	45,000,000.00	 	 	$	18,000,000.00	 	 	 	9.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	SunTrust Bank

	 	$	45,000,000.00	 	 	$	18,000,000.00	 	 	 	9.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	Capital One, N.A.

	 	$	35,000,000.00	 	 	$	14,000,000.00	 	 	 	7.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	PNC Bank, National Association

	 	$	35,000,000.00	 	 	$	14,000,000.00	 	 	 	7.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	U.S. Bank National Association

	 	$	25,000,000.00	 	 	$	10,000,000.00	 	 	 	5.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	Total

	 	$	500,000,000.00	 	 	$	200,000,000.00	 	 	 	100.000000000	%
	 

	 	 	 	 	 	 	 	 	 	 	 	 

As of October 21, 2013

8WYN-EX10.1_2013.9.3-Q3

 
Exhibit 10.1
FOURTH AMENDMENT
Dated as of August 29, 2013
to
AMENDED AND RESTATED INDENTURE 
AND SERVICING AGREEMENT
Dated as of October 1, 2010
by and among
SIERRA TIMESHARE CONDUIT RECEIVABLES FUNDING II, LLC,
as Issuer
and
WYNDHAM CONSUMER FINANCE, INC.,
as Servicer
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Trustee
and
U.S. BANK NATIONAL ASSOCIATION,
as Collateral Agent

FOURTH AMENDMENT
to
AMENDED AND RESTATED INDENTURE AND SERVICING AGREEMENT
THIS FOURTH AMENDMENT dated as of August 29, 2013 (this “Amendment”) amends that AMENDED AND RESTATED INDENTURE AND SERVICING AGREEMENT dated as of October 1, 2010, as amended by that First Amendment dated as of June 28, 2011, that Second Amendment dated as of May 17, 2012 and that Third Amendment dated as of August 30, 2012  (the Amended and Restated Indenture and Servicing Agreement together with the First Amendment, the Second Amendment and the Third Amendment thereto, the “Original Indenture”) and both this Amendment and the Original Indenture are by and among SIERRA TIMESHARE CONDUIT RECEIVABLES FUNDING II, LLC, a limited liability company organized under the laws of the State of Delaware, as issuer, WYNDHAM CONSUMER FINANCE, INC., a Delaware corporation, as servicer, WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as collateral agent.  
RECITALS
WHEREAS, the Issuer, the Servicer, the Trustee and the Collateral Agent desire to amend the Original Indenture as provided herein.
WHEREAS, in accordance with (x) Section 15.1(b) of the Original Indenture, upon the Amendment Effective Date (as defined herein) the Required Facility Investors have consented to such amendment of the Original Indenture, (y) Section 15.1(g) of the Original Indenture, each Funding Agent and each Non-Conduit Committed Purchaser has consented to such amendment of the Original Indenture and (z) Section 15.16 of the Original Indenture, the Deal Agent has consented to such amendment of the Original Indenture.
WHEREAS, capitalized terms used in this Amendment and not otherwise defined herein or amended hereby shall have the meanings assigned to such terms in the Original Indenture. 
NOW THEREFORE, in consideration of the mutual agreements herein contained, each party agrees as follows for the benefit of the other parties and for the benefit of the Noteholders.
SECTION 1.Amendment to Granting Clauses and Definitions.  (a)  Granting Clauses.       Clause (c) of the Granting Clauses in the Original Indenture is hereby amended to read in its entirety as follows:  

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                (c)   all money, investment property, instruments and other property credited to, carried in or deposited in the Control Account,  any Issuer account described in clause (4) of Section 6.1(g) or any other bank or similar account into which Collections are deposited, to the extent such money, investment property, instruments and other property constitutes Collections;

(b)    Definitions.      The definition of each of the following terms contained in Section 1.1 of the Original Indenture is hereby amended and restated to read in its entirety as follows:
 “Advance Rate” shall mean,
(i)    prior to but excluding the October 2010 Payment Date, 51%;

(ii)    as of the October 2010 Payment Date to but excluding June 28, 2011, 51.5%; 
(iii)    as of June 28, 2011 to but excluding the August 2012 Amendment Effective Date, 52%; 
(iv)    as of August 30, 2012 to but excluding the August 2013 Amendment Effective Date, 58%: and 
(v)    as of the August 2013 Amendment Effective Date and thereafter 58.5%; provided, however, that if as of any Payment Date the Three Month Rolling Average Loss to Liquidation Ratio exceeds 16.5%, then on such Payment Date and thereafter the Advance Rate will equal 54%; provided further that on any subsequent Payment Date that is the third consecutive Payment Date for which the Three Month Rolling Average Loss to Liquidation Ratio is less than 16.0%, the Advance Rate will return to 58.5%.  
“Borrowing Base Amortization Trigger Amount” shall mean (i) on any Payment Date during any Green Loan Advance Period, the sum of (x) the Borrowing Base on such date and (y) the Green Loan Deficiency Amount on such date, and (ii) on any other Payment Date, the Borrowing Base on such date; provided that on any Payment Date (x) with respect to which the Advance Rate on the immediately preceding Payment Date was 58.5% and (y) on which the Advance Rate is decreased pursuant to the proviso to clause (v) of the definition thereof, the Borrowing Base Amortization Trigger Amount shall equal the Borrowing Base on such date calculated without giving effect to the decrease in the Advance Rate pursuant to such proviso in the definition of Advance Rate; provided further that if such Payment Date occurs during any Green Loan Advance Period, the Borrowing Base Amortization Trigger Amount shall equal the sum of (x) Borrowing Base on such date calculated without giving effect to the decrease in the Advance Rate pursuant to such proviso in the definition of Advance Rate and (y) the Green Loan Deficiency Amount on such date.
“Maturity Date” shall mean the August 2031 Payment Date.

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“Rating Downgrade Condition” shall mean that two or more of the following conditions have occurred:  (i) the senior unsecured debt of Wyndham Worldwide is rated below “Baa3” by Moody’s, or Moody’s has withdrawn its rating of the senior unsecured debt of Wyndham Worldwide and has not reinstated a rating of at least “Baa3,” (ii) the senior unsecured debt of Wyndham Worldwide is rated below “BBB-” by S&P, or S&P has withdrawn its rating of the senior unsecured debt of Wyndham Worldwide and has not reinstated a rating of at least “BBB-” and (iii) the senior unsecured debt of Wyndham Worldwide is rated below “BBB-” by Fitch, or Fitch has withdrawn its rating of the senior unsecured debt of Wyndham Worldwide and has not reinstated a rating of at least “BBB-” The occurrence of any Ratings Downgrade Condition shall continue until the date on which the senior unsecured debt of Wyndham Worldwide meets or exceeds at least two of the following three ratings:  “Baa3” by Moody’s, “BBB-” by S&P and “BBB-” by Fitch.
“Reserve Required Amount” shall mean (i) so long as no Amortization Event has occurred, as of any date an amount equal to the sum of (x) 2.0% of the Aggregate Loan Balance on such date and (y) an amount equal to the sum of the Green Loan Reserve Percentage of the Loan Balance for each Pledged Loan which is a Green Loan multiplied by the applicable Advance Rate on such date, and (ii) on and after the first Payment Date following the occurrence of an Amortization Event, the lesser of (x) 0.25% of the Notes Principal Amount as of the date on which the Amortization Event occurred and (y) 50% of the Notes Principal Amount as of such Payment Date before taking into account any distributions of principal on such Payment Date.

“Revolving Credit Agreement” shall mean the Credit Agreement dated as of May 22, 2013 among Wyndham Worldwide, as borrower, the lenders party to the agreement from time to time, JPMorgan Chase Bank, N.A., as syndication agent, The Bank of Nova Scotia, Deutsche Bank Securities Inc., The Royal Bank of Scotland PLC, Credit Suisse AG, Cayman Islands Branch, Compass Bank, U.S. Bank National Association and SunTrust Bank as co-documentation agents, and Bank of America, N.A., as administrative agent, as amended from time to time in accordance with the terms thereof.
SECTION 2.    Addition of Definitions.   Section 1.1 of the Original Indenture is hereby amended by adding the following definitions thereto in the appropriate alphabetical order: 
“August 2013 Amendment Effective Date” shall mean August 29, 2013.
“August 2013 NPA Amendment” shall mean the Fourth Amendment to Amended and Restated Note Purchase Agreement dated as of August 29, 2013 which amends the Note Purchase Agreement.
“Shell Loans” shall mean Pledged Loans which were originated by a Shell Originator. 

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“Shell Originator” shall mean SVC-Americana, LLC, an Arizona limited liability company, SVC-Hawaii, LLC, a Hawaii limited liability company, and SVC-West, LLC, a California limited liability company and their respective successors and assigns.
SECTION 3.     Deletion of Definitions.  Section 1.1 of the Original Indenture is hereby amended by deleting in their entirety the definitions of the terms “Consolidated Interest Coverage Ratio,” “Consolidated Leverage Ratio,” “Estimated Fees,” “Reported EBITDA” and “Rolling Period.”
SECTION 4.    Amendment to Section 1.2.  Section 1.2(a) of the Original Indenture is hereby amended by deleting the term “August 2012 Amendment Effective Date” therein, and inserting “August 2013 Amendment Effective Date” in lieu thereof.
SECTION 5.    Amendment to Section 2.16(a).  Section 2.16(a) of the Original Indenture is hereby amended and restated to read in its entirety as follows:  
The Trustee shall pay all amounts paid to or deposited with it for payment (x) to any Purchaser Group to the account or accounts so specified by the related Funding Agent and (y) to any Non-Conduit Committed Purchaser to the account or accounts so specified by such Non-Conduit Committed Purchaser; provided that unless the Trustee has received other instructions from a Funding Agent or Non-Conduit Committed Purchaser, such account or accounts for each Purchaser Group or each Non-Conduit Committed Purchaser shall be deemed to be those indicated under “Account for Payment” (i) under such Purchaser’s signature to the Note Purchase Agreement as amended and supplemented from time to time and provided to the Trustee or (ii) if applicable, as provided in a Purchaser Assignment and Assumption Agreement and provided to the Trustee or provided by a Purchaser Group added under the provisions of Section 2.3(d) of the Note Purchase Agreement, as provided to the Trustee in writing at the time of such addition.
SECTION 6.    Amendment to Section 2.19.  Section 2.19 of the Original Indenture is hereby amended by the addition of the following provision (d) at the end of such section which provision (d) shall read in its entirety as follows:
(d)     Notwithstanding any of the foregoing to the contrary, the Issuer shall on the August 2013 Amendment Effective Date redeem in whole the Series 2008-A Note held by the Exiting Purchaser Group (as defined in Section 6(e) of the August 2013 NPA Amendment) upon presentation of such Series 2008-A Note to the Trustee for payment and cancellation. The redemption price shall be equal to $29,129,657.46 representing the full principal amount then outstanding and without any premium and without any accrued interest, and receipt of such redemption price by the Exiting Purchaser Group shall constitute full payment and satisfaction of such Series 2008-A Note and the Trustee shall thereupon cancel such Series 2008-A Note.  

SECTION 7.    Amendment to Section 6.1(g).  Section 6.1(g) is hereby amended by adding at the end of such section a clause (4) which shall read in its entirety as follows:

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(4)    Compliance with the foregoing provisions of this clause (g) shall not be required with respect to Collections on Shell Loans so long as and to the extent (i) the Obligors on such Shell Loans are directed to make payments into a separate bank account held in the name of the Issuer for the purpose of receiving Collections on Shell Loans for transfer to the Collection Account or Collections on the Shell Loans are otherwise directed to be deposited into such Issuer account, (ii) Collections deposited into such Issuer account are transferred to the Collection Account within two Business Days following the deposit into such Issuer account and (iii) no deposits other than Collections in respect of the Pledged Loans will be made into such Issuer account (provided that this provision (iii) shall not be violated if funds not constituting Collections in respect of Pledged Loans are inadvertently deposited into the account and are promptly segregated and removed from the account).  The Issuer’s representation in Section 3.1(w) with respect to the perfection of the security interest in the Collateral, shall not apply to amounts in such Issuer account until such amounts are transferred to the Collection Account. 

SECTION 8.    Amendment to Section 7.11(f).   Section 7.11(f) is hereby amended by adding at the end of such section a clause (5) which shall read in its entirety as follows:
(5)    Compliance with the foregoing provisions of this clause (f) shall not be required with respect to Collections on Shell Loans so long as and to the extent (i) the Obligors on such Shell Loans are directed to make payments into a separate bank account held in the name of the Issuer for the purpose of receiving Collections on Shell Loans for transfer to the Collection Account or Collections on the Shell Loans are otherwise directed to be deposited into such Issuer account, (ii) Collections deposited into such Issuer account are transferred to the Collection Account within two Business Days following the deposit into such Issuer account and (iii) no deposits other than Collections in respect of the Pledged Loans will be made into such Issuer account (provided that this provision (iii) shall not be violated if funds not constituting Collections in respect of Pledged Loans are inadvertently deposited into the account and are promptly segregated and removed from the account).  

SECTION 9.    Amendment to Section 7.15.  Section 7.15 of the Original Indenture is hereby amended to read in its entirety as follows:
Section 7.15.     Delegation of Duties; Subservicing. (a)  In the ordinary course of business, the Servicer, including any Successor Servicer, may at any time delegate any duties hereunder to any Person who agrees to conduct such duties in accordance with the terms of this Indenture, and any such Person to whom such duties have been delegated may be terminated concurrently with the termination of the Servicer hereunder.  Any such delegations shall not constitute a resignation within the meaning of Section 7.12 of this Indenture.  Notwithstanding anything to the contrary contained herein, or in any agreement relating to such delegations, the Servicer shall remain obligated and liable to the Trustee, the Issuer, the Collateral Agent and the Noteholders for the servicing and administration of the Pledged Loans in accordance with the provisions of this Indenture 

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to the same extent and under the same terms and conditions as if it alone were servicing and administering the Pledged Loans. 
(b) In addition, the Servicer may service the Pledged Loans or certain portions of the Pledged Loans by retaining the services of a subservicer or subservicers and by entering into subservicing agreements with such subservicers provided, that any such subservicing agreement is not inconsistent with this Indenture.  References in this Indenture to action taken or to be taken by the Servicer include actions taken or to be taken by any subservicer retained by the Servicer.  As part of its servicing activities hereunder, the Servicer shall monitor the performance and enforce the obligations of each subservicer retained by it.  Subject to the terms of any subservicing Agreement, the Servicer shall have the right to remove any subservicer retained by it at any time it considers to be appropriate. Notwithstanding anything to the contrary contained herein, or in any subservicing agreement, the Servicer shall remain obligated and liable to the Trustee, the Issuer, the Collateral Agent and the Noteholders for the servicing and administration of the Pledged Loans in accordance with the provisions of this Indenture to the same extent and under the same terms and conditions as if it were servicing and administering the Pledged Loans directly.
SECTION 10.    Amendment to Section 12.1.  Section 12.1 of the Original Indenture is hereby amended by (i) deleting clause (g) of such Section 12.1, (ii) relettering clause (h) of such Section 12.1 as clause (g), (iii) deleting clauses (i) and (j) of such Section 12.1 and (iv) adding the following clause (h) to such Section 12.1: 
(h)    so long as WCF is the Servicer, the breach by the Parent Corporation or any of its Affiliates of any covenant under the Revolving Credit Agreement to the extent such covenant requires compliance by the Parent Corporation or its Affiliates with a leverage ratio, an interest coverage ratio, or a minimum EBITDA level, whether or not such breach is waived pursuant to the terms of the Revolving Credit Agreement, 

SECTION 11.     No Other Amendments.  Except as expressly amended, modified and supplemented hereby, the provisions of the Original Indenture are and shall remain in full force and effect.
SECTION 12.     Execution and Delivery of New Series 2008-A Note.   On the August 2013 Amendment Effective Date, upon receipt of payment for such note or evidence satisfactory to the officers of the Issuer that payment or other consideration for the note has been received by the Issuer, the Issuer shall execute and deliver a new Series 2008-A Note to the Trustee and direct the Trustee to authenticate such Series 2008-A Note, register it to the Purchaser Group for which the CS Additional Funding Agent (as defined in the August 2013 NPA Amendment) is the Funding Agent and which includes the CS Additional Conduit (as defined in the August 2013 NPA Amendment) as Conduit.  Such Series 2008-A Note shall be in a principal amount not to exceed $100,000,000 and shall accrue interest from and including August 13, 2013 and shall evidence an initial principal amount of $29,129,657.46 outstanding on the August 2013 Amendment Effective Date subject to increase on such date as provided in the August 2013 NPA 

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Amendment.  Execution of this Amendment by an officer of the Issuer shall constitute conclusive evidence that the officers of the Issuer have received satisfactory evidence that payment or other consideration for such note has been received by the Issuer. Upon the execution of this Amendment and the execution of such note by the Issuer, authentication of such note by the Trustee and delivery of such note to the purchaser thereof, such note shall be a Series 2008-A Note validly issued and outstanding under the Indenture, ranking pari pasu with all other Series 2008-A Notes and entitled to the security and benefits provided by the Indenture and shall be enforceable against the Issuer in accordance with its terms.   
SECTION 13.    Governing Law.  This Amendment is governed by and shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.
SECTION 14.    Counterparts.  This Amendment may be executed in two or more counterparts (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument.
SECTION 15.    Headings.  The headings herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof.
SECTION 16.      Effectiveness.  This Amendment shall be effective upon the date (the “Amendment Effective Date”) that is the later of (i) the date hereof and (ii) the first date on which each of the following conditions precedent shall have been satisfied:
(a)    This Amendment shall have been executed and delivered by each of the parties hereto;
(b)    The Trustee shall have received the written consent of the Required Facility Investors, each Funding Agent, each Non-Conduit Committed Purchaser and the Deal Agent to this Amendment;
(c)    The Trustee shall have received any Opinions of Counsel required by the Trustee to be delivered to the Trustee; and
(d)    The August 2013 NPA Amendment shall have been executed and delivered by each party thereto. 
SECTION 17.      Notes Principal Amount.    The Issuer hereby notifies the Trustee that on August 29, 2013 the Series 2008-A Notes shall represent the aggregate Notes Principal Amount of $210,380,858.95 and on such date the Series 2008-A Notes shall be registered to the Purchasers in accordance with a schedule and written instructions delivered to the Trustee by the Issuer.  In addition to the note to be executed and delivered under Section 12 of this Amendment, the Trustee is authorized to authenticate and deliver new or replacement Series 2008-A Notes to the Purchasers in connection with the transfers occurring under the August 2013 NPA Amendment and in accordance with the schedule and written instructions received from the Issuer.

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IN WITNESS WHEREOF, Issuer, the Servicer, the Trustee and the Collateral Agent have caused this Indenture to be duly executed by their respective officers as of the day and year first above written.
SIERRA TIMESHARE CONDUIT RECEIVABLES FUNDING II, LLC, 
  as Issuer

		
	By: 
	/s/    Mark A. Johnson        

Name:  Mark A. Johnson
Title:  President

WYNDHAM CONSUMER FINANCE, INC., 
  as Servicer

		
	By: 
	/s/    Mark A. Johnson         
Name: Mark A. Johnson 
Title:  President

WELLS FARGO BANK, NATIONAL ASSOCIATION,  
  as Trustee

		
	By: 
	/s/    Jennifer C. Westberg     
Name: Jennifer C. Westberg

Title:  Vice President

U.S. BANK NATIONAL ASSOCIATION, as  
  as Collateral Agent

		
	By: 
	/s/    Tamara Schultz-Fugh              
Name: Tamara Schultz-Fugh 
Title:   Vice President

[Fourth Amendment – 2008-A Indenture]

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