Renewal of Branded Product Supply & Trademark License Agreement between The Pantry, Inc. and Marathon Petroleum Company LP
This letter confirms that The Pantry, Inc. has chosen to renew its Branded Product Supply & Trademark License Agreement with Marathon Petroleum Company LP, extending their franchise relationship through June 30, 2016. The renewal, effective July 1, 2013, continues the existing terms and rejects a separate agreement previously offered by Marathon. Marathon will also send The Pantry a separate Georgia gasoline agreement as requested. Both parties maintain their established business relationship under the renewed agreement.
Exhibit 10.1
Brand Marketing
Marathon Petroleum Company LP
539 South Main Street
Findlay, OH ###-###-####
Tel: ###-###-####
March 26, 2013
Mr. Keith S. Bell
The Pantry, Inc.
305 Gregson Drive
Cary, NC 27511
Re: renewal of Branded Product Supply & Trademark License Agreement by and between The Pantry, Inc. and Marathon Petroleum Company LP, dated July 26, 2010 ("Brand PSA")
Dear Keith:
Thank you for your letter dated February 28, 2013, whereby The Pantry, Inc. (“The Pantry”) has elected to renew the Brand PSA through June 30, 2016, and continue the PMPA franchise relationship between Marathon and The Pantry as of July 1, 2013. As provided in Section 1.2 of the Brand PSA, the renewal rejects the separate agreement offered by MPC commencing July 1, 2013. Also, as The Pantry has requested, MPC will be forwarding the Georgia gasoline agreement under separate cover.
If you have any questions or concerns regarding the matters outlined above, please do not hesitate to contact me.
Sincerely,
/s/ Kelly S. Niese
K.S. Niese
Brand Coordinating Manager
cc: M. Reeves
M. Schultz
K. Clark
