Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 DEALER
MANAGER AND SOLICITATION AGENT AGREEMENT 
 May 12, 2014 

Suburban Propane Partners, L.P. 
 Suburban Energy Finance Corp.

 One Suburban Plaza 
 240 Route 10 West 

Whippany, NJ 07981 

Attention:            Michael A. Stivala, President 

Ladies and Gentlemen: 
 This dealer manager and
solicitation agent agreement (this “Agreement”) will confirm the understanding among Suburban Propane Partners, L.P., a Delaware limited partnership (the “Company”), Suburban Energy Finance Corp., a Delaware Corporation (the
“Co-Issuer”) and Wells Fargo Securities, LLC (“Wells Fargo”) pursuant to which the Company has retained Wells Fargo to act as exclusive dealer manager (the “Dealer Manager”), on the terms and subject to the conditions
set forth herein, in connection with the proposed tender offer (the “Tender Offer”) for certain of the Company’s and the Co-Issuer’s outstanding 7.50% Senior Notes due 2018 (the “Notes”). The Company and the Co-Issuer
are also soliciting (the “Solicitation”) consents (the “Consents”) to the adoption of proposed amendments (the “Proposed Amendments”) to the indenture dated as of August 1, 2012 (the “Indenture”) among
the Company, the Co-Issuer and The Bank of New York Mellon, as trustee (the “Trustee”), governing the Notes. The dealer manager will also act as exclusive solicitation agent (the “Solicitation Agent”) in connection with the
Solicitation, on the terms and subject to the conditions set forth herein. All references to the Tender Offer shall be deemed to include the Solicitation and all references to the Dealer Manager shall be deemed to include Wells Fargo in its role as
the Solicitation Agent. The holders of Notes are hereinafter referred to as the “Holders.” 
 SECTION 1.
Engagement. Subject to the terms and conditions set forth herein: 
 (a) The Company and the Co-Issuer hereby retain the Dealer Manager,
and the Dealer Manager agrees to act, as the exclusive dealer manager and solicitation agent to the Company and the Co-Issuer in connection with the Tender Offer until the date on which the Tender Offer expires or is earlier terminated in accordance
with its terms. The Dealer Manager will perform those services in connection with the Tender Offer as are customarily performed by investment banks in connection with tender offers of a like nature, including, without limitation, to advise the
Company and the Co-Issuer with respect to the terms and timing of the Tender Offer and assist the Company and the Co-Issuer in preparing any documents to be delivered by the Company and/or the Co-Issuer to the Holders or used in connection with the
Tender Offer (collectively, the “Tender Documents”). The Dealer Manager agrees that it will not furnish written information other than the Tender Documents to the Holders in connection with the

 
Tender Offer without the prior consent of the Company. The Company and the Co-Issuer authorize and direct the Dealer Manager, in accordance with its customary practices and consistent with
industry practice, to communicate generally regarding the Tender Offer with the Holders and their authorized agents in connection with the Tender Offer. 

(b) The Company and the Co-Issuer acknowledge that the Dealer Manager has been retained solely to provide the services set forth in this
Agreement. The Company and the Co-Issuer also acknowledge and agree that, in its capacity as Dealer Manager, the Dealer Manager shall act as an independent contractor on an arm’s-length basis under this Agreement with duties solely to the
Company and the Co-Issuer and that nothing contained herein or the nature of the Dealer Manager’s services hereunder is intended to create or shall be construed as creating an agency or fiduciary relationship (except that in any jurisdiction in
which the Tender Offer is required to be made by a registered licensed broker or dealer, and the Dealer Manager is a registered licensed broker or dealer, it shall be deemed made by the Dealer Manager on behalf of the Company) between the Dealer
Manager (or any of its affiliates), the Company and the Co-Issuer (or any of their respective security holders, affiliates, directors, officers, employees or creditors) or any other person. The Company and the Dealer Manager also acknowledge that
(i) the Dealer Manager shall not be deemed to act as a partner, joint venturer or agent of, or a member of a syndicate with, the Company or any of its affiliates (except that in any jurisdiction in which the Tender Offer is required to be made
by a registered licensed broker or dealer, and the Dealer Manager is a registered licensed broker or dealer, it shall be deemed made by the Dealer Manager on behalf of the Company), and neither the Company nor any of its affiliates shall be deemed
to act as a partner, joint venturer or agent of, or a member of a syndicate with, the Dealer Manager or any of its affiliates and (ii) no securities broker, dealer, bank, trust company or nominee shall be deemed to act as the agent of the
Dealer Manager or any of its affiliates or as the agent of the Company or any of its affiliates, and the Dealer Manager shall not be deemed to act as the agent of any securities broker, dealer, bank, trust company or nominee. In connection with each
of the transactions contemplated hereby and the process leading to such transaction, the Dealer Manager is and has been acting solely as a principal and is not the agent or fiduciary of the Company or the Co-Issuer or their respective security
holders, affiliates, directors, officers, employees or creditors or any other person (except that in any jurisdiction in which the Tender Offer is required to be made by a registered licensed broker or dealer, and the Dealer Manager is a registered
licensed broker or dealer, it shall be deemed made by the Dealer Manager on behalf of the Company). The Dealer Manager and its affiliates shall not have any liability in tort, contract or otherwise to the Company or the Co-Issuer or to any of the
Company’s or the Co-Issuer’s security holders, affiliates, directors, officers, employees or creditors for any act or omission on the part of any securities broker, dealer, bank, trust company or nominee or any other person except to the
extent that such liability is finally judicially determined by a court of competent jurisdiction to have resulted from the gross negligence or the willful misconduct of the Dealer Manager. 

(c) Accordingly, each of the Company and the Co-Issuer expressly disclaims any agency or fiduciary relationship with the Dealer Manager
hereunder (except that in any jurisdiction in which the Tender Offer is required to be made by a registered licensed broker or dealer, and the Dealer Manager is a registered licensed broker or dealer, it shall be deemed made by the Dealer Manager on
behalf of the Company). The Company and the Co-Issuer understand that the Dealer Manager and its affiliates are not providing (nor are the Company and the Co-Issuer 

  
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relying on the Dealer Manager or any of its affiliates for) tax, regulatory, legal or accounting advice. The rights and obligations the Company and the Co-Issuer may have to the Dealer Manager or
its affiliates (or vice versa) under any credit or other agreement are separate from any party’s rights and obligations under this Agreement and will not be affected in any way by this Agreement. The Dealer Manager may, to the extent it deems
appropriate, retain the services of any of its affiliates to assist the Dealer Manager in providing its services hereunder and share with any such affiliates any information made available by or on behalf of the Company or the Co-Issuer; provided,
however, that each such affiliate shall act in accordance with, and subject to, the terms and conditions of this Agreement. 
 (d) Each of
the Company and the Co-Issuer acknowledges that the Dealer Manager and its affiliates are engaged in a broad range of securities activities and financial services. In the ordinary course of the Dealer Manager’s business, the Dealer Manager and
its affiliates (i) may at any time hold long or short positions, and may trade or otherwise effect transactions, for the Dealer Manager’s own account or the accounts of its customers, in debt or equity securities of the Company, the
Co-Issuer, their respective affiliates or any other company that may be involved in the transactions contemplated hereby and (ii) may at any time be providing or arranging financing and other financial services to companies that may be involved
in a competing transaction. The Company and the Co-Issuer acknowledge and agree that in connection with all aspects of the transaction contemplated by this Agreement, the Company, the Co-Issuer and the Dealer Manager have an arm’s-length
business relationship that creates no fiduciary duty on the part of the Dealer Manager, and each expressly disclaims any fiduciary relationship. 

(e) The Dealer Manager agrees, in accordance with its customary practice and consistent with industry practice and in accordance with the
terms of the Tender Offer, to perform those services in connection with the Tender Offer as are customarily performed by dealer managers and solicitation agents in connection with similar transactions of a like nature, including, without limitation,
using commercially reasonable efforts to solicit tenders of Notes pursuant to the Tender Offer and Consents pursuant to the Solicitation, communicating generally regarding the Tender Offer with securities brokers, dealers, banks, trust companies and
nominees and other Holders, and participating in meetings with, furnishing information to, and assisting the Company in negotiating with Holders. 

(f) The Company shall arrange for D.F. King & Co., Inc. to act as information agent and tender agent (the “Information Agent and
Tender Agent”) in connection with the Tender Offer and shall request the Information Agent and Tender Agent, as such, to advise the Dealer Manager at least daily of such matters relating to the Tender Offer as the Dealer Manager may reasonably
request. In addition, the Company and the Co-Issuer hereby authorize the Dealer Manager to communicate with the Information Agent and Tender Agent with respect to matters relating to the Tender Offer. 

(g) The Company shall use commercially reasonable efforts to furnish the Dealer Manager, or cause the trustee or registrar for the Notes to
furnish the Dealer Manager, as soon as practicable, with cards or lists or copies thereof showing the names of persons who were the Holders of record of Notes as of the date or dates specified by the Dealer Manager and, to the extent reasonably
available to the Company, the beneficial Holders of the Notes as of such date 

  
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or dates, together with their addresses and the principal amount of Notes held by them. In addition, the Company shall use commercially reasonable efforts to update such information from time to
time during the term of this Agreement as reasonably requested by the Dealer Manager and to the extent such information is reasonably available to the Company within the time constraints specified. 

(h) The Company agrees to advise the Dealer Manager promptly of the occurrence of any event which, in the reasonable judgment of the Company
or its counsel, would cause or require the Company to withdraw, rescind or modify the Tender Documents. In addition, if any event occurs as a result of which, in the reasonable judgment of the Company, it shall be necessary to amend or supplement
any Tender Documents in order to correct any untrue statement of a material fact contained therein or omission to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading, the Company shall, promptly upon becoming aware of any such event, advise the Dealer Manager of such event and, as promptly as practicable under the circumstances, prepare and furnish copies of such amendments or supplements of any
such Tender Documents to the Dealer Manager, so that the statements in such Tender Documents, as so amended or supplemented, will not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading. 
 (i) Neither the Company nor the
Co-Issuer will use or publish any material in connection with the Tender Offer, or refer to the Dealer Manager in any such material, without the prior approval of the Dealer Manager (which shall not be unreasonably withheld or delayed), except to
the extent such reference is required by law or regulation. The Company or the Co-Issuer, as applicable, upon receiving such approval, will promptly furnish the Dealer Manager with as many copies of such approved materials as the Dealer Manager may
reasonably request. Except to the extent prohibited by applicable law or regulation, the Company, or the Co-Issuer, as applicable, will promptly inform the Dealer Manager of any litigation or administrative or similar proceeding (of which it becomes
aware) which is initiated or threatened with respect to the Tender Offer. The Dealer Manager agrees that it will not make any statements in connection with the Tender Offer other than the statements that are set forth in, or derived from, the Tender
Documents without the prior consent of the Company. 
 (j) The Company agrees to pay promptly, in accordance with the terms and subject to
the conditions of the Tender Documents, the applicable purchase price for the Notes and the applicable Consent Payment (as defined in the Tender Documents) to the Holders entitled thereto. The Company agrees not to purchase any Notes during the term
of this Agreement except pursuant to and in accordance with the Tender Offer or as otherwise agreed in writing by the parties hereto and permitted under applicable laws and regulations. 

SECTION 2. Compensation and Expenses. 

(a) In consideration of services provided hereunder as the Dealer Manager, the Company shall pay to Wells Fargo a fee equal to $2.00 per
$1,000 of the aggregate principal amount of Notes repurchased in the Tender Offer payable on the Final Payment Date (as such term is defined in the Tender Documents) or such other date as may be agreed by the Company and Wells Fargo. 

  
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 (b) Whether or not any Notes are tendered pursuant to the Tender Offer and whether or not any
Consents are received in the Solicitation, the Company and the Co-Issuer jointly and severally agree to pay promptly all reasonable expenses incurred in connection with the preparation, printing, mailing and publishing of the Tender Documents, and
all amounts payable to securities dealers (including the Dealer Manager), brokers, banks, trust companies and nominees as reimbursements of their customary mailing and handling expenses incurred in forwarding the Tender Documents to their customers,
and of any forwarding agent, and all other expenses of the Company and the Co-Issuer in connection with the Tender Offer and shall reimburse the Dealer Manager for all reasonable out-of-pocket expenses incurred by the Dealer Manager in connection
with its services as Dealer Manager under this Agreement, including the reasonable fees and disbursements of counsel to the Dealer Manager. 

SECTION 3. Termination. Subject to Section 8 hereof, this Agreement may be terminated by the Company or the
Dealer Manager upon 10 days’ prior written notice; provided, however, that the Dealer Manager will be entitled to its full fees described above in the event that, at any time prior to 6 months from any such termination by the Company, the
Company or the Co-Issuer (or any of their affiliates) consummates an offer or offers or consent solicitation in respect of the Notes in a form similar to the Tender Offer in a transaction or series of transactions in which the Dealer Manager did not
act as dealer manager or solicitation agent to the Company or its affiliate, as applicable; provided, further, that no fees shall be payable pursuant to the preceding proviso if the Dealer Manager was in material breach of this Agreement on the date
that notice of such termination was given by the Company. 
 SECTION 4. Representations and Warranties by the
Company. The Company and the Co-Issuer, jointly and severally, represent and warrant to the Dealer Manager, as of the date hereof, as of each date that any Tender Documents are published, sent, given or otherwise distributed (each a
“Mailing Date”), and as of the date on which any of the Notes are purchased by the Company pursuant to the Tender Offer (each such date, a “Closing Date”) that: 

(a) Each of the Company and the Co-Issuer has been duly formed or incorporated and is validly existing as a limited partnership or corporation
and in good standing under the laws of the jurisdiction of its formation or incorporation. 
 (b) Each of the Company and the Co-Issuer has
all necessary corporate or limited partnership power and authority to execute and deliver this Agreement, and to perform all its obligations hereunder and to make and consummate the Tender Offer in accordance with its terms. 

(c) Each of the Company and the Co-Issuer has taken all necessary action to authorize the making and consummation of the Tender Offer and the
execution, delivery and performance by the Company of this Agreement; and this Agreement has been duly executed and delivered by the Company and the Co-Issuer, and, assuming due authorization, execution and delivery by the Dealer Manager, this
Agreement constitutes a valid and legally binding agreement of the Company and the Co-Issuer, enforceable against the Company and the Co-Issuer in accordance 

  
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with its terms, except to the extent such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies
of creditors or by general equitable principles. 
 (d) As of the Consent Payment Deadline (as defined in the Tender Documents), the Company
and the Co-Issuer will have all necessary corporate power and authority to execute and deliver the supplemental indenture contemplated by the Tender Documents (the “Supplemental Indenture”) and to perform all of their obligations
thereunder; the Supplemental Indenture may be entered into by the Company upon the consent of Holders of at least a majority of the principal amount of Notes then outstanding (excluding for such purposes any Notes owned at the time by the Company or
any of its affiliates) pursuant to the provisions of the Indenture; the Supplemental Indenture will be duly executed and delivered (assuming consummation of the Solicitation and assuming due authorization, execution and delivery thereof by the
Trustee); the Supplemental Indenture, as well as the Indenture (as amended by the Supplemental Indenture) and the Notes issued thereunder, will be the valid and legally binding obligations of the Company and the Co-Issuer entitled, in the case of
the Notes, to the benefits of the Indenture (as amended by the Supplemental Indenture), and enforceable against the Company and the Co-Issuer in accordance with their respective terms except as enforcement thereof may be limited by bankruptcy,
insolvency, reorganization, moratorium or other laws relating to or affecting creditors’ rights generally and general equitable principles. 

(e) Each of the Tender Documents complies and (as amended or supplemented, if amended or supplemented) will comply in all material respects
with all applicable requirements of the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (collectively, the “Securities Act”) and the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder (collectively, the “Exchange Act”); and the documents incorporated or deemed to be incorporated by reference into each of the Tender Documents (collectively, the “Incorporated Documents”)
complied, as of the date of filing with the Securities and Exchange Commission (the “SEC”), in all material respects with all applicable requirements of the Securities Act and the Exchange Act; and each of the Tender Documents (including
the Incorporated Documents) do not and (as amended or supplemented, if amended or supplemented) will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading. 
 (f) The financial statements, together with the related schedules
and notes, contained in the Tender Documents and the Incorporated Documents present fairly in all material respects, in accordance with generally accepted accounting principles (“GAAP”), the consolidated financial position, results of
operations, stockholder’s equity and cash flows of the Company and its subsidiaries on the basis stated therein at the respective dates or for the respective periods to which they relate; and such statements and related schedules and notes have
been prepared in accordance with GAAP consistently applied throughout the periods involved, except as disclosed therein. 
 (g) Except as
disclosed in the Tender Documents, the Company and its subsidiaries are not in breach or violation of or in default under (i) any of the provisions of the Indenture, (ii) any of the provisions of the charter or bylaws (or similar
organizational documents) of the Company 

  
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or any of its subsidiaries, (iii) any other note, indenture, loan agreement, mortgage or other agreement, instrument or undertaking to which the Company or any of its subsidiaries is a party
or by which any of them is bound or to which any of their properties or assets is subject, or (iv) any law, rule or regulation, or any order of any court or of any other governmental agency or instrumentality having jurisdiction over the
Company or any of its subsidiaries or affiliates or any of its or their respective properties or assets, which violation or default in the case of clauses (i), (iii) or (iv) would, if continued, have a material adverse effect on the
general affairs, management, business, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole (a “Material Adverse Effect”) or could materially impair the ability of any of the
Company or its subsidiaries to perform their obligations under this Agreement. 
 (h) The execution, delivery and performance by the Company
and the Co-Issuer of this Agreement and the consummation by the Company and the Co-Issuer, as applicable, of the transactions contemplated hereby do not and will not conflict with, or result (or with the passage of time would result) in a breach or
violation of, or constitute a default under, (i) any of the provisions of the Indenture or of the charter or bylaws (or similar organizational documents) of the Company or any of its subsidiaries, (ii) any other note, indenture, loan
agreement, mortgage or other agreement, instrument or undertaking to which the Company or any of its subsidiaries or affiliates is a party or by which any of them is bound or to which any of their properties or assets is subject, or (iii) any
law, rule or regulation, or any order of any court or of any other governmental agency or instrumentality having jurisdiction over the Company or any of its subsidiaries or affiliates or any of its or their respective properties or assets, except
for such breaches, violations, and defaults in the case of clause (ii) and clause (iii) that would not be reasonably expected to have a Material Adverse Effect. 

(i) No consent, approval, authorization or order of, or registration, qualification or filing with, any court or regulatory authority or other
governmental agency or instrumentality is or will be required by the Company in connection with the making or consummation of the Tender Offer or the execution, delivery or performance by the Company of this Agreement and the transactions
contemplated hereby, except such as have been obtained or made by the Company or the Co-Issuer, as applicable, and are in full force and effect under the Securities Act, the Exchange Act or applicable state securities or “blue sky” laws or
regulations. 
 (j) In connection with the Tender Offer, the Company has complied, and will continue to comply, in all material respects
with the Securities Act, the Exchange Act, the applicable regulations of the Financial Industry Regulatory Authority or any stock exchange and applicable state securities or “blue sky” laws or regulations. 

(k) Subsequent to the respective dates of the most recent financial statements contained in the Tender Documents and the Incorporated
Documents (each as amended or supplemented), no Material Adverse Effect shall have occurred, except as set forth in, or contemplated by, the Tender Documents (as amended or supplemented). 

(l) There is no action, suit, proceeding, inquiry or investigation before or brought by any court or governmental agency or body, domestic or
foreign, now pending or, to the Company’s knowledge, threatened, against or affecting the Company or any subsidiary of the Company, 

  
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other than those accurately described in all material respects in the Tender Documents, or which, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect. 
 (m) The Company has, or at the time it becomes obligated to purchase the Notes pursuant to the Tender Offer will have,
sufficient funds available, and sufficient authority to use such funds under applicable law, to enable it to pay for the Notes tendered in accordance with the terms and conditions set forth in the Tender Documents. 

The representations and warranties set forth in this Section 4 shall remain operative and in full force and effect regardless of any
investigation made by or on behalf of any Indemnified Person (as defined in Annex A attached hereto). 
 SECTION 5.
Conditions and Obligations. The obligation of the Dealer Manager to act as Dealer Manager hereunder shall at all times be subject, in its discretion, to the conditions that: 

(a) All representations and warranties of the Company and the Co-Issuer that are qualified as to materiality or Material Adverse Effect shall
be true and correct in all respects and those not so qualified shall be true and correct in all material respects as of the date hereof, as of each Mailing Date and as of each Closing Date, except to the extent any such representations and
warranties expressly relate to an earlier date. 
 (b) Each of the Company and the Co-Issuer at all times during the Tender Offer shall have
performed, in all material respects, all of its obligations hereunder required as of such time to have been performed by it. 
 (c) Counsel
for the Company shall have delivered to the Dealer Manager an opinion, (i) prior to the commencement of the Tender Offer, covering the matters set forth in Exhibit A-1 hereto and (ii) on each Closing Date, covering the matters set forth in
Exhibit A-2. 
 (d) No stop order, restraining order or injunction has been issued by the SEC or any court, and no litigation shall have
been commenced or threatened before the SEC or any court, with respect to (i) the making or the consummation of the Tender Offer, (ii) the execution, delivery or performance by the Company of this Agreement or (iii) any of the
transactions in connection with, or contemplated by, the Tender Documents which the Dealer Manager or its legal counsel in good faith believes makes it inadvisable for the Dealer Manager to continue to render services pursuant hereto and it shall
not have otherwise become unlawful under any law or regulation, federal, state or local, for the Dealer Manager so to act, or continue so to act, as the case may be. 

(e) At each Closing Date, there shall have been delivered to the Dealer Manager, on behalf of the Company, a certificate of the Chairman,
Chief Executive Officer or President and the Chief Financial Officer of the Company, dated such Closing Date, and stating that the representations and warranties set forth in Section 4 hereof are true and accurate as if made on such Closing
Date. 
 (f) The Company shall have advised the Dealer Manager promptly of (i) the occurrence of any event which would reasonably be
expected to cause the Company to withdraw, rescind or 

  
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terminate the Tender Offer or would permit the Company to exercise any right not to purchase Notes tendered under the Tender Offer, (ii) the occurrence of any event, or the discovery of any
fact, the occurrence or existence of which it believes would make it necessary or advisable to make any change in the Tender Documents being used or would cause any representation or warranty contained in this Agreement that is qualified as to
materiality or Material Adverse Effect to be untrue or inaccurate in any respect or any representation or warranty contained in this Agreement that is not so qualified to be untrue or inaccurate in any material respect, (iii) any proposal by
the Company or requirement to make, amend or supplement any Tender Document or any filing in connection with the Tender Offer pursuant to the Exchange Act or any applicable law, rule or regulation, (iv) its awareness of the issuance by any
regulatory authority of any comment or order or the taking of any other action concerning the Tender Offer (and, if in writing, will have furnished the Dealer Manager with a copy thereof), (v) its awareness of any material developments in
connection with the Tender Offer or the financing thereof, including, without limitation, the commencement of any lawsuit relating to the Tender Offer and (vi) any other information relating to the Tender Offer, the Tender Documents or this
Agreement which the Dealer Manager may from time to time reasonably request. 
 SECTION 6. Indemnification. In
consideration of the engagement hereunder, each of the Company and the Co-Issuer shall indemnify and hold the Dealer Manager harmless to the extent set forth in Annex A hereto, which provisions are incorporated by reference herein and constitute a
part hereof. Annex A hereto is an integral part of this Agreement and shall survive any termination, expiration or cancellation of this Agreement. 

SECTION 7. Confidentiality. The Dealer Manager shall use all information provided to it by or on behalf of the
Company or the Co-Issuer hereunder solely for the purpose of providing the services which are the subject of this Agreement and the transactions contemplated hereby and shall treat confidentially all such information, provided that nothing herein
shall prevent the Dealer Manager from disclosing any such information (i) pursuant to a requirement of law or regulation or the order or request of any court or administrative, regulatory or similar proceeding; provided, however, that, to the
extent permitted by applicable law, reasonable advance notice of such disclosure is provided to the Company, (ii) upon the request of any regulatory authority having jurisdiction over the Dealer Manager or any of its affiliates; provided,
however, that, to the extent permitted by applicable law, reasonable advance notice of such disclosure is provided to the Company, except in connection with any request as part of an ordinary course regulatory examination, (iii) to the extent
that such information becomes publicly available other than by reason of disclosure by the Dealer Manager or any of its affiliates in violation of this Section 7 or any other agreement between the parties, (iv) to its employees, legal
counsel, independent auditors and other experts or agents (its “Representatives”) who need to know such information in connection with the transaction contemplated hereby and are informed of the confidential nature of such information and
hold such information in accordance with this Section 7, and (v) to any of its affiliates as set forth in Section 12(d) hereof that hold such information in accordance with this Section 7. The Dealer Manager shall be responsible
for compliance by its Representatives with this Section 7. 
 SECTION 8. Survival. The agreements contained in
Sections 2, 3, 6, 7, 9, 10 and 12 hereof and Annex A hereto shall survive any termination of this Agreement, any completion of the engagement provided by this Agreement or any investigation made on behalf of the Company, the Dealer Manager or any
Indemnified Person and shall survive the termination of the Tender Offer. 

  
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 SECTION 9. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York applicable to contracts to be performed wholly within the State of New York. The parties hereto consent to the exclusive jurisdiction of the courts of the State of New York and the
federal courts, in each case located in the Borough of Manhattan, City of New York in any action or proceeding related to this Agreement (except that a judgment obtained in such courts may be enforced in any jurisdiction). 

SECTION 10. Notices. Except as otherwise expressly provided in this Agreement, whenever notice is required by the
provisions of this Agreement to be given, such notice shall be in writing addressed as follows and effective when received: 
 If to the
Company or the Co-Issuer: 
 Suburban Propane Partners, L.P. 

One Suburban Plaza 
 240 Route 10
West 
 Whippany, NJ 07981 

Fax: (973) 503-9395 

Attention:      A. Davin D’Ambrosio, Vice President and Treasurer 

with a copy to: 
 Proskauer Rose
LLP 
 Eleven Times Square 
 New
York, NY 10036 
 Fax: (212) 969-2900 

Attention:      Charles E. Dropkin, Esq. 

If to the Dealer Manager: 
 Wells
Fargo Securities, LLC 
 550 South Tryon Street, 5th Floor 

Charlotte, NC 28202 
 Collect:
(704) 410-4760 
 Toll Free: (866) 309-6316 

Fax: (704) 410-0326 

Attention:      Liability Management Group 

with a copy to: 
 Cahill
Gordon & Reindel LLP 
 80 Pine Street 

New York, NY 10005 
 Fax:
(212) 269-5420 
 Attention:      Michael Ohler, Esq. 

  
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 SECTION 11. Advertisements. The Company agrees that the Dealer Manager
shall have the right to place advertisements in financial and other newspapers and journals at its own expense describing its services to the Company hereunder, subject to the Company’s prior approval, which approval shall not be unreasonably
withheld or delayed. 
 SECTION 12. Miscellaneous. 

(a) This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes all oral statements
and prior writings with respect thereto. This Agreement may not be amended or modified except by a writing executed by each of the parties hereto. Section headings herein are for convenience only and are not a part of this Agreement. 

(b) This Agreement is solely for the benefit of the Company and the Dealer Manager, and the Indemnified Persons, to the extent set forth in
Annex A hereto, and their respective successors, heirs and assigns, and no other person shall acquire or have any rights under or by virtue of this Agreement. 

(c) The Dealer Manager may (subject to Section 7 hereof) share any information or matters relating to the Company, the Co-Issuer, the
Tender Offer and the transactions contemplated hereby with its affiliates and such affiliates may likewise share information relating to the Company or the Co-Issuer with the Dealer Manager. The Dealer Manager shall be responsible for compliance by
its affiliates with Section 7 hereof. 
 (d) If any term, provision, covenant or restriction contained in this Agreement is held by a
court of competent jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated. The Company, the Co-Issuer, and the Dealer Manager shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions, the economic effect of which comes as close as
possible to that of the invalid, void or unenforceable provisions. 
 (e) This Agreement may be executed (including by facsimile
transmission) with counterpart signature pages or in counterparts, each of which will be deemed an original, but all of which, taken together, will constitute one and the same instrument. 

  
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 If the foregoing correctly sets forth our understanding, please indicate your acceptance of the
terms hereof by signing in the appropriate space below and returning to the Dealer Manager the enclosed duplicate originals hereof, whereupon this letter shall become a binding agreement among us. 

 

					
	Very truly yours,
	
	WELLS FARGO SECURITIES, LLC
		
	By:	 	/s/ Daniel A. Nass
		 	  

		 	Name:	 	Daniel A. Nass
		 	Title:	 	Managing Director

  
 [Dealer Manager
Agreement] 

					
	 Accepted and agreed to
 as of the
date first written above:

	
	SUBURBAN PROPANE PARTNERS, L.P.
		
	By:	 	/s/ Michael Kuglin
		 	  

		 	Name:	 	Michael Kuglin
		 	Title:	 	 Vice President-Finance
 and Chief Accounting
Officer

  

					
	SUBURBAN ENERGY FINANCE CORP.
		
	By:	 	/s/ Michael Kuglin
		 	  

		 	Name:	 	Michael Kuglin
		 	Title:	 	Controller

  
 [Dealer Manager
Agreement]EX-4.1

 Exhibit 4.1 

REGISTERED 
 No. I- 

PHILIP MORRIS INTERNATIONAL INC. 
  

					
		 	2.875% NOTE DUE 2029	  	PRINCIPAL AMOUNT
		 		  	€
		 		  	CUSIP NO. 718172 BK4
		 		  	ISIN NO. XS1066312395

 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED
IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE EUROCLEAR SYSTEM OR BY CLEARSTREAM BANKING,
SOCIÉTÉ ANONYME (EACH, A “DEPOSITARY”) TO A NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF HSBC ISSUER SERVICES COMMON DEPOSITARY NOMINEE (UK) LIMITED OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO HSBC BANK USA, NATIONAL ASSOCIATION OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, HSBC ISSUER SERVICES COMMON DEPOSITARY NOMINEE (UK) LIMITED, HAS AN INTEREST HEREIN. 

PHILIP MORRIS INTERNATIONAL INC., a Virginia corporation (hereinafter called the “Company”, which term includes any successor
corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to HSBC Issuer Services Common Depositary Nominee (UK) Limited or registered assigns, the principal sum of
€             on May 14, 2029, and to pay interest thereon from May 13, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided
for, annually in arrears on May 14, in each year, commencing May 14, 2015, at the rate of 2.875% per annum until the principal hereof is paid or made available for payment. 

 The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be April 30 (whether or
not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may be paid to the
Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee for the Notes, notice whereof shall be given
to Holders of Notes not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in said Indenture. 
 Interest on this Note will be calculated on the
basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Note (or May 13, 2014 if no interest has been paid on this
Note), to but excluding the next scheduled Interest Payment Date. 
 Payment of the principal of (and premium, if any) and interest on this
Note will be made at the office or agency of the Company maintained for that purpose in the City of London or the Borough of Manhattan, The City of New York, in such coin or currency of the member states of the European Monetary Union that have
adopted or that adopt the single currency in accordance with the treaty establishing the European Community, as amended by the Treaty on European Union as at the time of payment shall be legal tender for the payment of public and private debts;
provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear on the Securities Register or by wire transfer at such
place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the person entitled thereto. All payments of principal, premium, if any, and
interest in respect of this Note will be made by the Company in immediately available funds. 
 Additional provisions of this Note are
contained on the reverse hereof, and such provisions shall have the same effect as though fully set forth in this place. 
 Unless the
certificate of authentication hereon has been executed by or on behalf of the Trustee for the Notes by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, PHILIP MORRIS INTERNATIONAL INC. has caused this instrument to be duly
executed. 
  

			
	Dated: May 13, 2014
	
	PHILIP MORRIS INTERNATIONAL INC.
		
	By:	 	  

	Name:	 	Peter Luongo
	Title:	 	Vice President Treasury and Planning
	
	Attest:
		
	By:	 	  

	Name:	 	Markus Mueller
	Title:	 	Assistant General Counsel and Assistant Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

 

			
	HSBC BANK USA, NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	  

		 	Authorized Officer

 Global Note due 2029 

 (Reverse of Note) 

PHILIP MORRIS INTERNATIONAL INC. 

This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Company of the series hereinafter specified, which series is limited in aggregate principal amount to €500,000,000 (except as provided in the Indenture hereinafter mentioned), all such Securities issued and to be
issued under an Indenture dated as of April 25, 2008 between the Company and HSBC Bank USA, National Association, as Trustee (herein called the “Indenture”), to which Indenture and all other indentures supplemental thereto reference
is hereby made for a statement of the rights and limitations of rights thereunder of the Holders of the Securities and of the rights, obligations, duties and immunities of the Trustee for each series of Securities and of the Company, and the terms
upon which the Securities are and are to be authenticated and delivered. As provided in the Indenture, the Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at
different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of
Default and may otherwise vary as in the Indenture provided or permitted. This Note is one of a series of the Securities designated therein as 2.875% Notes due 2029 (the “Notes”). 

Principal and interest payments in respect of the Notes are payable by the Company in Euro. If, however, the Euro is unavailable to the
Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or if the Euro is no longer being used by the then member states of the European Monetary Union that have adopted the Euro as their currency
or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in Dollars until the Euro is again available to the Company or so used. The
equivalent Dollar amount of the amount payable on any date in Euro will be calculated by the Currency Determination Agent designated by the Company at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second
Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the most recent Euro/Dollar exchange rate available on or prior to the second Business Day prior
to the relevant payment date, as determined by the Company in the Company’s sole discretion. 
 So long as the Notes of this series are
in the form of Global Securities only, all Notes of this series will collectively be evidenced by the Global Security of this series registered in the name of HSBC Issuer Services Common Depositary Nominee (UK) Limited (the “Global Note”).

 Section 1010 of the Indenture shall be applicable to the Notes, except that (i) the term “Holder,” when used in
Section 1010 of the Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note; (ii) the following language shall replace subsection (k) to
Section 1010 of the Indenture “any tax, assessment or other governmental charge imposed pursuant to the provisions of Sections 1471 

 
through 1474 of the Code” and (iii) the following language shall be included as subsection (l) to Section 1010 of the Indenture “any combination of items (a), (b), (c),
(d), (e), (f), (g), (h), (i), (j) and (k).” 
 The Company may redeem the Notes prior to maturity in whole, but not in part, on
not more than 60 days’ notice and not less than 30 days’ notice at a redemption price equal to the principal amount of such Notes plus any accrued interest and additional amounts to the date fixed for redemption if: 

 

	 	•	 	as a result of a change in or amendment to the tax laws, regulations or rulings of the United States or any political subdivision or taxing authority of or in the United States or any change in official position
regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction in the United States) that is announced or becomes effective on or after May 13, 2014, the Company has or
will become obligated to pay additional amounts with respect to the Notes as described in Section 1010 of the Indenture, or 

  

	 	•	 	on or after May 13, 2014, any action is taken by a taxing authority of, or any decision is rendered by a court of competent jurisdiction in, the United States or any political subdivision or taxing authority of or
in the United States, including any of those actions specified in the bullet point above, whether or not such action is taken or decision is rendered with respect to the Company, or any change, amendment, application or interpretation is officially
proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will result in a material probability that the Company will become obligated to pay additional amounts with respect to the Notes,

 and the Company in its business judgment determines that such obligations cannot be avoided by the use of reasonable measures available to
the Company. 
 If the Company exercises its option to redeem the Notes, the Company will deliver to the Trustee a certificate signed by an
authorized officer stating that it is entitled to redeem the Notes and the written opinion of independent legal counsel if required. 
 The
Indenture contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein. 

If an Event of Default (other than an Event of Default described in Section 501(4) or 501(5) of the Indenture) with respect to the Notes
shall occur and be continuing, then either the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities of all series then Outstanding (or, if such default is not applicable to all series of the Securities, the Holders
of at least 25% in principal amount of the then Outstanding Securities of all series to which it is applicable) (in each case voting as a single class) may declare the entire principal amount of the Securities of all series so affected due and
payable in the manner and with effect provided in the Indenture. If an Event of Default specified in Section 501(4) or 501(5) occurs 

 
with respect to the Company, all of the unpaid principal amount and accrued interest then Outstanding shall ipso facto become and be immediately due and payable in the manner with the
effect provided in the Indenture without any declaration or other act by the Trustee or any Holder. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities under the Indenture at any time by the Company with the consent of the Holders of
not less than a majority in aggregate principal amount of the Outstanding Securities of all series of Securities affected thereby (voting as a single class). The Indenture also contains provisions permitting the Holders of specified percentages in
aggregate principal amount of the Securities of all series affected thereby at the time Outstanding (voting as a single class) to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences to the affected series. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the transfer hereof or in
exchange or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 No reference herein to the Indenture
and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Note at the times, place and rate, and in
the coin or currency, herein and in the Indenture prescribed. 
 As provided in the Indenture and subject to certain limitations therein set
forth, this Note is transferable on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Company to be maintained for that purpose in the Borough of Manhattan, The City of New
York, or at any other office or agency of the Company maintained for that purpose, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof
or his or her attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Notes are issuable only in registered form in denominations of €100,000 and any integral multiple of €1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of a like tenor and of a different authorized denomination, as requested by the Holder
surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee for
the Notes and any agent of the Company or such Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of 

 
receiving payment as herein provided and for all other purposes, whether or not this Note be overdue, and neither the Company, such Trustee nor any such agent shall be affected by notice to the
contrary. 
 Certain of the Company’s obligations under the Indenture with respect to Notes may be terminated if the Company
irrevocably deposits with the Trustee money or Government Obligations sufficient to pay and discharge the entire indebtedness on all Notes, as provided in the Indenture. 

This Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 

For purposes of the Notes, the term “Business Day” means any day other than (1) a Saturday or Sunday or a day on which
commercial banks in the City of New York or the City of London are authorized or required by law, regulation or executive order to close and (2) a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET or
TARGET2) system is not open. 
 Certain terms used in this Note which are defined in the Indenture have the meanings set forth therein. 

 ASSIGNMENT FORM 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

PLEASE INSERT SOCIAL SECURITY NUMBER OR 
 OTHER IDENTIFYING
NUMBER OF ASSIGNEE 
  

	
	  

	(Name and address of Assignee, including zip code, must be printed or typewritten)
	
	  

	
	  

	the within Note, and all rights thereunder, hereby irrevocably, constituting and appointing
	
	  

	
	  

	Attorney to transfer the said Note on the books of Philip Morris International Inc. with full power of substitution in the premises.

  

			
	 Dated:
	 	  

 

							
		 		 		 	  

		 		 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Note in every particular, without alteration or enlargement or any change whatsoever.

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