Document:

Amendment No. 3 to Amended and Restated Agreement of Limited Partnership

  
 Exhibit 4.1 

 
 AMENDMENT NO. 3 TO 
 AMENDED AND RESTATED 
 AGREEMENT OF
LIMITED PARTNERSHIP 
 OF 
 STAR GAS PARTNERS, L.P. 
  
 This Amendment No. 3
to the Amended and Restated Agreement of Limited Partnership of Star Gas Partners, L.P. (the “Partnership”), dated as of November 19, 2004 (this “Amendment”), is entered into among Star Gas LLC, as the general partner of the
Partnership (the “General Partner”), and the limited partners of the Partnership. Initially capitalized terms used herein and not otherwise defined herein are used as defined in the Partnership Agreement (as defined below). 
  
 WHEREAS, the Partnership is the sole limited partner of Star Gas Propane,
L.P. (the “OLP”) and the General Partner is the sole general partner of the OLP; and 
  
 WHEREAS, the Partnership and the General Partner have entered into an Interest Purchase Agreement, dated November 18, 2004, with Inergy Propane, LLC (the “Buyer”) and Inergy, L.P., pursuant to which (i) the
Partnership has agreed to transfer all of its limited partner interest in the OLP to the Buyer and the Partnership will thereby withdraw from the OLP as a limited partner of the OLP, and (ii) the General Partner has agreed to transfer all of its
general partner interest in the OLP to an affiliate of the Buyer and the General Partner will thereby withdraw from the OLP as a general partner of the OLP; and 
  

WHEREAS, in order to implement the transactions contemplated by the Purchase Agreement, it is necessary to make certain amendments to the Amended and
Restated Agreement of Limited Partnership of the Partnership, dated March 26, 1999, as amended (the “Partnership Agreement”); and 
  
 WHEREAS, pursuant to Section 15.1(d)(i) of the Partnership Agreement, and subject to certain exceptions that the General Partner has determined are not
applicable in this instance, the General Partner, in its capacity as general partner of the Partnership, is authorized to make amendments to the Partnership Agreement without the approval of any Limited Partner or Assignee, so long as the amendments
do not adversely affect the Limited Partners in any material respect; and 
  
 WHEREAS, the General Partner has determined that the amendments to the Partnership Agreement set forth below do not adversely affect the Limited Partners in any material respect. 
  

 NOW, THEREFORE, it is hereby agreed as follows: 
  
 Amendments. 
  
 A. Section 5.2 (g) of the Partnership Agreement is hereby
deleted in its entirety and replaced with the following: 
  
 “(g) Each item of Partnership income, gain, loss and deduction attributable to a transferred Partnership Interest shall, for federal income tax purposes, be determined on an annual basis and prorated on a monthly
basis and shall be allocated to the Partners as of the opening of the New York Stock Exchange on the first Business Day of each month; provided, however, that (i) if the Overallotment Option is not exercised, such items for the period beginning on
the Closing Date and ending on the last day of the month in which the Effective Time occurs shall be allocated to Partners as of the opening of the New York Stock Exchange on the first Business Day of the next succeeding month or (ii) if the
Overallotment Option is exercised, such items for the period beginning on the Closing Date and ending on the last day of the month in which the closing of the Overallotment Option occurs shall be allocated to the Partners as of the opening of the
New York Stock Exchange on the first Business Day of the next succeeding month; and provided, further, that gain or loss on a sale or other disposition of any assets of the Partnership other than in the ordinary course of business shall be allocated
to the Partners as of the opening of the New York Stock Exchange on the Business Day in which such gain or loss is recognized for federal income tax purposes. The General Partner may revise, alter or otherwise modify such methods of allocation as it
determines necessary, to the extent permitted or required by Section 706 of the Code and the regulations or rulings promulgated thereunder.” 
  
 B. Section 13.1(a)(i) of the Partnership Agreement is hereby amended by deleting the following language therefrom: “(and it shall be
deemed that the General Partner has withdrawn pursuant to this Section 13.1(a)(1) if the General Partner voluntarily withdraws as general partner of the Operating Partnership)”. 
  
 Binding Effect. This Amendment shall be binding upon, and shall enure to the benefit of, the parties hereto and all other parties to
the Agreement and their respective successors and assigns. 
  

 Execution in Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an
original, but all of which shall constitute one and the same instrument. 
  
 Agreement in Effect. Except as hereby amended, the Agreement shall remain in full force and effect. 
  
 Governing Law. This Amendment shall be governed by, and interpreted in accordance with, the laws of the State of Delaware, all rights and remedies being governed
by such laws without regard to principles of conflicts of laws. 
  
 Severability. Each provision of this Amendment shall be considered severable and if for any reason any provision or provisions herein are determined to be invalid, unenforceable or illegal under any existing or future law, such
invalidity, unenforceability or illegality shall not impair the operation of or affect those portions of this Amendment that are valid, enforceable and legal. 
  

 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and year first above
written. 
  

			
	GENERAL PARTNER:
	
	 STAR GAS LLC

		
	By:	 	 /s/ IRIK P. SEVIN

	 	 	 Name: Irik P. Sevin

	 	 	 Title: Chairman, President and Chief Executive Officer

	
	LIMITED PARTNERS:
	
	All limited partners of the Partnership, pursuant to the Powers of Attorney granted to the General Partner.
		
	 By:
	 	 STAR GAS LLC

	
	General Partner, as attorney-in-fact for all Limited Partners pursuant to the Powers of Attorney granted pursuant to Section 1.4 of the Partnership Agreement.
		
	By:	 	 /s/ IRIK P. SEVIN

	 	 	 Name: Irik P. Sevin

	 	 	 Title:Chairman, President and Chief Executive OfficerAmendment No. 1 to Amended and Restated Agreement of Limited Partnership

  
 Exhibit 4.2 

 
 AMENDMENT NO. 1 TO 
 AMENDED AND RESTATED 
 AGREEMENT OF
LIMITED PARTNERSHIP 
 OF 
 STAR GAS PROPANE, L.P. 
  
 This Amendment No. 1 to
the Amended and Restated Agreement of Limited Partnership of Star Gas Propane, L.P. (the “Partnership”), dated as of November 19, 2004 (this “Amendment”), is between Star Gas LLC, as the general partner of the Partnership (the
“General Partner”), and Star Gas Partners, L.P., as the limited partner of the Partnership (the “Limited Partner”). Initially capitalized terms used herein and not otherwise defined are used as defined in the Partnership
Agreement (as defined below). 
  
 WHEREAS, Star Gas LLC and Star
Gas Partners, L.P. have entered into that certain Interest Purchase Agreement, dated November 18, 2004 (as the same may be amended from time to time, the “Purchase Agreement”), with Inergy Propane, LLC (the “Buyer”) and Inergy,
L.P., pursuant to which (i) the Limited Partner has agreed to transfer all of its limited partner interest in the Partnership to the Buyer and the Limited Partner will thereby withdraw from the Partnership as a limited partner of the Partnership,
and (ii) the General Partner has agreed to transfer all of its general partner interest in the Partnership to an affiliate of the Buyer and the General Partner will thereby withdraw from the Partnership as a general partner of the Partnership; and

  
 WHEREAS, in order to implement the transactions contemplated
by the Purchase Agreement, it is necessary to make certain amendments to the Amended and Restated Agreement of Limited Partnership of the Partnership, dated March 26, 1999 (the “Partnership Agreement”); and 
  
 WHEREAS, pursuant to Section 14.2 of the Partnership Agreement, the General
Partner, as general partner of the Partnership, together with the Limited Partner, as limited partner of the Partnership, may amend the Partnership Agreement; provided, however, pursuant to Section 6.3(b) of the Amended and Restated Agreement of
Limited Partnership of the Limited Partner, dated March 26, 1999, as amended, the consent of the unitholders of the Limited Partner is required for such an amendment, unless the amendment does not have a material adverse effect on the Limited
Partner as a partner of the Partnership; and 
  
 WHEREAS, the
General Partner has determined that the amendments to the Partnership Agreement contemplated by this Amendment are in the best interest of the Limited Partner and, therefore, do not have a material adverse effect on the Limited Partner as a partner
of the Partnership. 
  

 NOW, THEREFORE, it is hereby agreed as follows: 
  
 Amendments. 
  
 A. Article V of the Partnership Agreement is hereby amended by inserting a new Section 5.4 as follows:

  
 “Section 5.4 Distributions in Kind. 
  
 The Partnership shall be permitted to make distributions of assets in kind
to the Partners in accordance with their respective Percentage Interests. The assets that the Partnership may distribute in kind may include, without limitation, capital stock of subsidiaries of the Partnership, and each Partner is not required to
receive a pro-rata share of each such share of capital stock, but, rather, each Partner may receive a number of shares of capital stock equal to that Partner’s pro-rata share of the aggregate amount of shares of capital stock being
distributed.” 
  
 B. Section 10.2 of the
Partnership Agreement, is hereby deleted in its entirety and replaced with the following: 
  
 “The General Partner may at any time transfer its Partnership Interest if the Limited Partner consents thereto.” 
  
 C. Section 10.3 of the Partnership Agreement, is hereby
deleted in its entirety and replaced with the following: 
  
 “The Limited Partner may at any time transfer its Partnership Interest if the General Partner consents thereto.” 
  
 D. Section 12.1(b) of the Partnership Agreement is hereby amended by deleting the third sentence thereof in its entirety. 
  
 E. The text and heading of Section 12.3 of the Partnership
Agreement are deleted in their entirety and replaced with “Intentionally Omitted”. 
  

 Binding Effect. This Amendment shall be binding upon, and shall enure to the benefit of, the parties hereto and
all other parties to the Agreement and their respective successors and assigns. 
  
 Execution in Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. 
  
 Agreement in Effect. Except as hereby amended, the Agreement shall remain in full
force and effect. 
  
 Governing Law. This Amendment shall be governed by,
and interpreted in accordance with, the laws of the State of Delaware, all rights and remedies being governed by such laws without regard to principles of conflicts of laws. 
  
 Severability. Each provision of this Amendment shall be considered severable and if for any reason any provision or provisions herein
are determined to be invalid, unenforceable or illegal under any existing or future law, such invalidity, unenforceability or illegality shall not impair the operation of or affect those portions of this Amendment that are valid, enforceable and
legal. 
  
 Consent. In the event of a closing under the Purchase Agreement,
(i) the Limited Partner hereby consents to (A) the General Partner’s transfer of all of its Partnership Interest pursuant to the Purchase Agreement, and (B) the admission of the transferee thereof as a general partner of the Partnership, and
(ii) the General Partner hereby consents to (A) the Limited Partner’s transfer of all of its Partnership Interest pursuant to the Purchase Agreement, (B) the admission of the transferee thereof as a limited partner of the Partnership, and (C)
the admission of the transferee of the General Partner’s Partnership Interest pursuant to the Purchase Agreement as a general partner of the Partnership. 
  

 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and year first above
written. 
  

			
	GENERAL PARTNER:
	
	 STAR GAS LLC

		
	By:	 	 /s/ IRIK P. SEVIN

	 	 	 Name: Irik P. Sevin

	 	 	 Title: Chairman, President and Chief Executive Officer

  

					
	LIMITED PARTNER:
	
	 STAR GAS PARTNERS, L.P.

		
	 	 	 By: Star Gas LLC, its general partner

		
	By:	 	/s/ IRIK P. SEVIN
	 	 	 Name: Irik P. Sevin

	 	 	 Title: Chairman, President and Chief Executive Officer

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