Document:

EX-10.3

 Exhibit 10.3 
 Third Amendment to the Guaranteed Supply Agreement 
 This Third Amendment to the
Guaranteed Supply Agreement (“Amendment”) is made effective on January I, 2012, by and between The Pantry, Inc. (“PANTRY”), whose offices are located at 305 Gregson Drive, Cary, North Carolina 27511 and Marathon Petroleum Company
LP (“MPC”), formerly known as Marathon Petroleum Company LLC, whose offices are located at 539 South Main Street, Findlay, Ohio 45840. 
 WHEREAS, MPC, then known as Marathon Petroleum Company LLC, and PANTRY entered into a certain Guaranteed Supply Agreement dated July 26, 2010 and amended on February 14, 2011 and August 15,
2011 (collectively, the “Agreement”), in which MPC agrees to sell and PANTRY agrees to purchase Products as described in the Agreement; and 
 WHEREAS, PANTRY has requested that certain applicable [***] commitments be [***] by [***]; 
 WHEREAS, MPC is willing to consent to such [***], provided that the total of all such [***] commitments (after such [***]) continue, in aggregate, to [***] within the Agreement; 

WHEREAS, MPC and PANTRY desire to amend the Agreement; 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree that the foregoing recitals are incorporated herein by reference and as follows: 
 I.    Except for the provisions of the Agreement specifically addressed in this Amendment, all other provisions of the 

Agreement shall remain in full force and effect. 
 2.    Capitalized terms used but not defined in this Amendment shall have the meaning ascribed to such terms in the Agreement. 

3. Subsection (A)(2) of Section 5, labeled “[***]”, shall hereby be deleted in its entirety and replaced
with the following: 
 “(2)(a) Volumes Eligible for [***]. In any [***] between [***] and [***] in
which [***] of (a) [***] (as defined in the MCA) directly from MPC at the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail and (b) [***] purchased directly from MPC at the Designated
Terminals, [***] gallons so purchased [***] will pay [***] on each gallon of [***] purchased by PANTRY from MPC at the Designated Terminals, [***] gallons of [***] so purchased in the [***]. The per gallon [***] with respect to a gallon of [***] so
purchased in a [***] will be calculated in accordance with the [***].” 
 4. Add the following subsection
(A)(2)(b) of Section 5, labeled “[***]”, to the Agreement with the following language: 

“(2)(b) Volumes Eligible for [***] – December 31, 2017. In any [***] between [***] and December 31,
2017 in which [***] of (a) [***] (as defined in the MCA) directly from MPC at the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail and (b) [***] purchased directly from MPC at the
Designated Terminals, [***] so purchased [***] will pay [***] on each gallon of [***] purchased by PANTRY from MPC at the Designated Terminals, [***] so purchased in that [***]. The per gallon [***] with respect to a gallon of [***] so purchased in
a [***] will be calculated in accordance with the [***].” 
  

 
 [***] Confidential treatment
requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. 

 Table 1 

					
	 	 	 
	 [***]
  
	  	 [***] (in gallons)

 
	  	 [***] (in
gallons)
  

	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]

 5. Subsection (A)(5)(b) of Section 5, labeled “[***]”, shall hereby be
deleted in its entirety and replaced with the following: 
 “(b)(i) [***] shall be [***] with
respect to any gallons of [***] purchased by PANTRY at the Designated Terminals in any [***] between [***] and [***], in which [***] (i) the gallons of PANTRY’s purchases of [***] from the Designated Terminals; [***] (ii) the gallons
of PANTRY‘s purchases of [***] (as defined in the MCA) from the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail, in the [***] or [***].” 

6. Add the following subsection (A)(5)(b)(ii) of Section 5, labeled “[***]”, to the Agreement with the
following language: 
 “(b)(ii) [***] shall be [***] with respect to any gallons of [***] purchased
by PANTRY at the Designated Terminals in any [***] between [***] and December 31, 2017, in which [***] (i) the gallons of PANTRY‘s purchases of [***] from the Designated Terminals; [***] (ii) the gallons of PANTRY’s purchases of
[***] (as defined in the MCA) from the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail, in the [***] or [***].” 
 Table 2 

			
	 	 
	 [***]
  
	  	 [***]

(in gallons)
  

	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	
[***]
	  	[***]

  
  

[***] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted
portions have been filed separately with the Commission. 

 7. Subsection (B)(2) of Section 5, labeled “[***]”, shall hereby
be deleted in its entirety and replaced with the following: 
 “(2)(a) Volumes Eligible for [***] and
[***]. In any [***] between [***] and [***] in which [***] of (a) [***] (as defined in the MCA) directly from MPC at the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail and
(b) [***] and/or [***] purchased directly from MPC at the Designated Terminals, [***] gallons so purchased [***] will pay [***] on each gallon of [***] and/or [***] so purchased, [***] gallons of [***] and/or [***] so purchased in the [***].
The per gallon [***] amount to be paid with respect to a gallon of [***] and/or [***] so purchased in a [***] will be calculated in accordance with the [***].” 

8. Add the following subsection (B)(2)(b) of Section 5, labeled “[***]”, to the Agreement with the following
language: 
 “(2)(b) Volumes Eligible for [***] and [***] — December 31, 2017. In any
[***] between [***] and December 31, 2017 in which [***] of (a) [***] (as defined in the MCA) directly from MPC at the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail and (b) [***]
and/or [***] purchased directly from MPC at the Designated Terminals, [***] so purchased [***] will pay [***] on each gallon of [***] and/or [***] so purchased, [***] and/or [***] so purchased in the [***]. The per gallon [***] amount to be paid
with respect to a gallon of [***] and/or [***] so purchased in a [***] will be calculated in accordance with the [***].” 
 Table 3 

					
	 	 	 
	 [***]
  
	  	 [***] (in gallons)

 
	  	[***] (in gallons)
	
[***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]
	
[***]
	  	[***]	  	[***]
	 [***]
	  	[***]	  	[***]

 9. Subsection (B)(5)(b) of Section 5, labeled “[***]”, shall hereby be deleted
in its entirety and replaced with the following: 
 “(b)(i) [***] shall be [***] with respect to any
gallons of [***] and/or [***] purchased by PANTRY at the Designated Terminals in any [***] between [***] and [***], in which [***] (i) the gallons of PANTRY ‘s purchases of [***] and/or [***] from the Designated Terminals; [***]
(ii) the gallons of PANTRY’s purchases of [***] (as defined in the MCA) from the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail, [***].” 

 
  
 [***] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission.

 10. Add the following subsection (B)(5)(b)(ii) of Section 5, labeled
“[***]”, to the Agreement with the following language: 
 “(b)(ii) [***] shall be [***]
with respect to any gallons of [***] and/or [***] purchased by PANTRY at the Designated Terminals in any [***] between [***] and December 31 ,2017, in which [***] (i) the gallons of PANTRY’s purchases of [***] and/or [***] from the
Designated Terminals; [***] (ii) the gallons of PANTRY’s purchases of [***] (as defined in the MCA) from the Designated Terminals and delivered to the Retail Outlets (as defined in the MCA) for resale at retail, in the [***] or
[***].” 
 Table 4 

			
	 	 
	 [***]
  
	  	 [***]

(in gallons)
  

	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	 [***]
	  	[***]
	
[***]
	  	[***]

 11. This Amendment constitutes the entire agreement among the parties regarding this
subject matter and may be amended or modified only by a written instrument signed by each of the parties. 
 12.
This Amendment supersedes any other prior agreements or understandings of the parties relating to this subject matter and the parties are not relying on any statement, representation, promise or inducement not expressly set forth herein. 

13. This Amendment may be executed in one or more counterparts, and in both original form and one or more photocopies,
each of which shall be deemed to be an original, but all of which together shall be deemed to constitute one and the same instrument. 
  

 
 [***] Confidential treatment
requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective authorized representatives. 
  

							
	 Marathon Petroleum Company LP
	    	 The Pantry, Inc.

	 By: MPC Investment LLC, its General Partner
	    		  	
				
	 By:
	  	 /s/ Thomas M. Kelley
	    	 By:
	  	 /s/ Dennis G. Hatchell

				
	 Title:
	  	 Senior Vice President, Marketing
	    	 Title:
	  	 CEO

 STATE OF
            NC                ) 
                                    
                  ) SS 
 COUNTY
OF          WAKE          ) 
 On this
    4th     day of May                 , 2012, before me, the undersigned Notary Public in and for said County and State, came Dennis
G. Hatchell         , who did say, under oath, that he is CEO of The Pantry, Inc., a Delaware corporation, and that he executed this Third Amendment to the Guaranteed Supply Agreement on behalf of and with
the authority of said corporation, with full knowledge of its contents and as its free act and deed. 
 IN WITNESS
WHEREOF, I have hereunto affixed my hand and seal on the day and year last aforesaid. 
  

	
	 /s/ Traca N. Williamson

	 Notary Public

  

	
	 My Commission expires:

	
	         9/25/2013     

	           (SEAL)    

 STATE OF
            Ohio                ) 
                                    
                     ) SS 
 COUNTY
OF          Hancock          ) 
 On this
    4th     day of June             , 2012, before me, the undersigned Notary Public in and for said County and State, came Thomas M. Kelley, as Senior Vice
President Marketing, who did acknowledge that he executed this Third Amendment to the Guaranteed Supply Agreement on behalf of and with the authority of MPC Investment LLC, general partner of Marathon Petroleum Company LP, with full knowledge of its
contacts and as its free act and deed 
 IN WITNESS WHEREOF, I have hereunto affixed my hand and seal on the day
and year last aforesaid. 
  

	
	 /s/ Cynthia L. Ely        

	 Notary Public

  

	
	 My Commission expires:

	
	         6/5/2016     

	           (SEAL)EX-10.4

 Exhibit 10.4 

 

							
	

	 		 		 	

					
	 Jeffrey W. Gibbs
 Regional Sales
Manager
	 		  	  
         BP Products North America
Inc.
         30 South Wacker Drive, Suite 900
         Chicago, IL 60606

 VIA CERTIFIED MAIL-RETURN RECEIPT REQUESTED 
 June 22, 2012 
 Mr. Keith Bell 
 The Pantry, Inc. 
 305 Gregson Drive 
 Cary, NC 27511 
 Branded Jobber Contract - Extension 

Dear Mr. Bell: 
 Please
refer to your Branded Jobber Contract and other related agreements (collectively, “Franchise”) dated February 1, 2003, between you and BP Products North America Inc. (“BP”). The Franchise will expire on its own terms
September 30, 2012. 
 Please be advised that BP hereby grants to you a unilateral extension of your Franchise to
December 31, 2012. This extension shall in no way constitute a renewal of your Franchise. In all respects other than the termination date, you shall be bound during this extension by the terms of the Franchise, and BP shall continue to
have the right to terminate or nonrenew your Franchise for any reason permitted under the Petroleum Marketing Practices Act (“PMPA”). 
 If you have any questions regarding this matter, please contact your Jobber Sales Manager. I am enclosing a copy of the Revised Summary of Title I of the PMPA. 

Very truly yours, 
  

			
	/s/ J. W. Gibbs
	
	Jeffrey W. Gibbs
	Regional Sales Manager
		
	Enclosure:	  	Revised PMPA Summary

			
		
	cc:	    	Heidi Huff

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