SEVENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

Exhibit 10.1

SEVENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This Seventh Amendment to Amended and Restated Credit Agreement (this “Seventh Amendment”) is made as of October 12, 2012, by and among GLOBAL OPERATING LLC, a Delaware limited liability company (“OLLC”), GLOBAL COMPANIES LLC, a Delaware limited liability company (“Global”), GLOBAL MONTELLO GROUP CORP., a Delaware corporation (“Montello”), XXXX HES CORP., a Delaware corporation (“Xxxx Hes”), CHELSEA SANDWICH LLC, a Delaware limited liability company (“Chelsea LLC”), GLP FINANCE CORP., a Delaware corporation (“Finance”), GLOBAL ENERGY MARKETING LLC, a Delaware limited liability company (“GEM”), ALLIANCE ENERGY LLC, a Massachusetts limited liability company (“Alliance”, and, collectively with OLLC, Global, Xxxxxxxx, Xxxx Hes, Chelsea LLC, Finance and GEM, the “Borrowers” and each a “Borrower”), GLOBAL PARTNERS LP, a Delaware limited partnership (the “MLP”), GLOBAL GP LLC, a Delaware limited liability company (the “GP” and, collectively with the MLP, the “Original Guarantors and each individually, an “Original Guarantor”), each “Lender” (as such term is defined in the Credit Agreement referred to below) party hereto (each, a “Lender” and collectively, the “Lenders”) and Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer (as each such term is defined in the Credit Agreement), amending certain provisions of that certain Amended and Restated Credit Agreement dated as of May 14, 2010 (as amended and in effect from time to time, the “Credit Agreement”) by and among the Borrowers, the Original Guarantors, the Lenders, the Administrative Agent, the L/C Issuer, the Swing Line Lender, JPMorgan Chase Bank, N.A. as Syndication Agent and Societe Generale, Standard Chartered Bank, Xxxxx Fargo Bank, N.A. and RBS Citizens, National Association, as Co-Documentation Agents.  Terms not otherwise defined in the Credit Agreement shall have the same respective meanings herein as therein.

WHEREAS, the Loan Parties, the Lenders and the Administrative Agent desire to amend certain provisions of the Credit Agreement as provided more fully herein below;

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

§1.  Amendment to Section 1 of the Credit Agreement.  Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Senior Unsecured Notes” contained in Section 1.01 of the Credit Agreement and restating such definition as follows:

“Senior Unsecured Notes” means those certain unsecured notes of a Loan Party issued after the Closing Date pursuant to an indenture dated the date of issuance of such notes, so long as (a) the terms, conditions, covenants and defaults applicable to such notes (including the terms, conditions, covenants and defaults in the indenture relating thereto) are no more restrictive to the Loan Parties in the aggregate than the terms, conditions, covenants and defaults contained herein; (b) the obligations thereunder are unsecured; (c) the maturity date thereof is not less than six (6) months after the Maturity Date; (d) the obligations under such notes and indenture is not guaranteed by any Person other than a Loan Party; and (e) the documents and agreements executed in

connection with such notes (including, without limitation, any indenture) shall contain terms and conditions that are customary for similar transactions.

§2.  Amendment to Section 6 of the Credit Agreement.  Section 6.03 of the Credit Agreement is hereby amended by (a) inserting immediately after the semicolon which appears at the end of the text of Section 6.03(e) the word “and”; (b) delete the semicolon and the word “and” which appears at the end of the text of Section 6.03(f) and insert in place thereof a period; and (c) delete Section 6.03(g) in its entirety.

§3.  Conditions to Effectiveness.This Seventh Amendment will become effective as of the date hereof upon receipt by the Administrative Agent of fully-executed original counterparts of this Seventh Amendment executed by the Loan Parties, the Administrative Agent and the required Lenders.

§4.          Representations and Warranties.  Each of the Loan Parties hereby repeats, on and as of the date hereof, each of the representations and warranties made by it in Article V of the Credit Agreement, provided, that all references therein to the Credit Agreement shall refer to such Credit Agreement as amended hereby.  In addition, each of the Loan Parties hereby represents and warrants that the execution and delivery by such Loan Party of this Seventh Amendment and the performance by each such Loan Party of all of its agreements and obligations under the Credit Agreement as amended hereby and the other Loan Documents to which it is a party are within the corporate, partnership and/or limited liability company authority of each of the Loan Parties and have been duly authorized by all necessary corporate, partnership and/or membership action on the part of each of the Loan Parties.

§5.          Ratification, Etc.  Except as expressly amended hereby, the Credit Agreement and all documents, instruments and agreements related thereto, including, but not limited to the Security Documents, are hereby ratified and confirmed in all respects and shall continue in full force and effect.  The Credit Agreement and this Seventh Amendment shall be read and construed as a single agreement.  All references in the Credit Agreement or any related agreement or instrument to the Credit Agreement shall hereafter refer to the Credit Agreement as amended hereby.  This Seventh Amendment shall constitute a Loan Document.

§6.          No Waiver.  Nothing contained herein shall constitute a waiver of, impair or otherwise affect any Obligations, any other obligation of the Loan Parties or any rights of the Administrative Agent, the L/C Issuer, the Swing Line Lender, the Syndication Agent, the Co-Documentation Agents or the Lenders consequent thereon.

§7.          Counterparts.  This Seventh Amendment may be executed in one or more counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument.

§8.          Governing Law.  THIS SEVENTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO CONFLICT OF LAWS).

IN WITNESS WHEREOF, the parties hereto have executed this Seventh Amendment as a document under seal as of the date first above written.

	GLOBAL OPERATING LLC
	By:	Global Partners LP, its sole member
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Xxxxxxxxx
		Title:	Chief Operating Officer and Chief Financial Officer
	GLOBAL COMPANIES LLC
	By:	Global Operating LLC, its sole member
	By:	Global Partners LP, its sole member
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Xxxxxxxxx
		Title:	Chief Operating Officer and Chief Financial Officer
	GLOBAL MONTELLO GROUP CORP.
	By:	/s/ Xxxxxx X. Xxxxxxxxx
		Title:	Chief Operating Officer and Chief Financial Officer
	CHELSEA SANDWICH LLC
	By:	Global Operating LLC, its sole member
	By:	Global Partners LP, its sole member
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Xxxxxxxxx
		Title:	Chief Operating Officer and Chief Financial Officer
	XXXX HES CORP.
	By:	/s/ Xxxxxx X. Faneuil
		Title:	Executive Vice President

	GLP FINANCE CORP.
	By:	/s/ Xxxxxx X. Faneuil
		Title:	Executive Vice President
	GLOBAL ENERGY MARKETING LLC
	By:	Global Operating LLC, its sole member
	By:	Global Partners LP, its sole member
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Faneuil
		Title:	Executive Vice President
	ALLIANCE ENERGY LLC
	By:	Global Operating LLC, its sole member
	By:	Global Partners LP, its sole member
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Faneuil
		Title:	Executive Vice President
	GLOBAL PARTNERS LP
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Xxxxxx
		Title:	Treasurer
	GLOBAL GP LLC
	By:	/s/ Xxxxxx X. Xxxxxx
		Title:	Treasurer

	BANK OF AMERICA, N.A., as
	Administrative Agent
	By:	/s/ XxXxxxx X. Xxxxx
	Name:	XxXxxxx X. Xxxxx
	Title:	Agency Management Officer

	BANK OF AMERICA, N.A., as a Lender
	By:	/s/ Xxxxxxx Xxxxxxxx
	Name:	Xxxxxxx Xxxxxxxx
	Title:	Managing Director

	JPMORGAN CHASE BANK, N.A., as a Lender
	By:	/s/ Xxxx X. Xxxxxx
	Name:	Xxxx X. Xxxxxx
	Title:	Senior Vice President

	XXXXX FARGO BANK, N.A., as a Lender
	By:	/s/ Xxxxxx X. Xxxxxxx
	Name:	Xxxxxx X. Xxxxxxx
	Title:	Senior Vice President

	SOCIETE GENERALE, as a Lender
	By:	/s/ Xxxxxxx Xxxxxxx
	Name:	Xxxxxxx Xxxxxxx
	Title:	Managing Director
	By:
	Name:
	Title:

	STANDARD CHARTERED BANK, as a Lender
	By:	/s/ Xxxxxxx Xxxxxx
	Name:	Xxxxxxx Xxxxxx
	Title:	Associate Director
	By:	/s/ Xxxxxx Xxxxxxxxxx
	Name:	Xxxxxx Xxxxxxxxxx
	Title:	Credit Documentation Manager

	RBS CITIZENS, NATIONAL ASSOCIATION, as a Lender
	By:	/s/ Xxxxxx X. Xxxxxx
	Name:	Xxxxxx X. Xxxxxx
	Title:	Senior Vice President

	BNP PARIBAS, as a Lender
	By:	/s/ Xxxxxxx X. Xxxxxxx
	Name:	Xxxxxxx X. Xxxxxxx
	Title:	Director
	By:	/s/ X-X Xxxxxxx
	Name:	X-X Xxxxxxx
	Title:	Managing Director

	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND” NEW YORK BRANCH, as a Lender
	By:	/s/ Xxxxxx X. Xxxxxxxxxx
	Name:	Xxxxxx X. Xxxxxxxxxx
	Title:	Executive Director
	By:	/s/ Xxx Hogebrug
	Name:	Xxx Hogebrug
	Title:	Executive Director

	SOVEREIGN BANK, N.A. as a Lender
	By:	/s/ Xxxxxx X. Xxxxxxx
	Name:	Xxxxxx X. Xxxxxxx
	Title:	Senior Vice President

	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
	By:	/s/ Zali Win
	Name:	Zali Win
	Title:	Managing Director
	By:	/s/ Xxxxxx Xxxxxxxxx
	Name:	Xxxxxx Xxxxxxxxx
	Title:	Vice President

	KEYBANK NATIONAL ASSOCIATION, as a Lender
	By:	/s/ Xxxxx X. Xxxxx
	Name:	Xxxxx X. Xxxxx
	Title:	Senior Vice President

	TORONTO DOMINION (NEW YORK) LLC, as a Lender
	By:	/s/ Xxxxx Xxxxxxxx
	Name:	Xxxxx Xxxxxxxx
	Title:	Authorized Signatory

	RB INTERNATIONAL FINANCE (USA) LLC, as a Lender
	By:	/s/ Xxxxxx Xxxxx
	Name:	Xxxxxx Xxxxx
	Title:	Group Vice President
	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title:	First Vice President

	ROYAL BANK OF CANADA, as a Lender
	By:	/s/ Xxxxxxx Xxxxxx
	Name:	Xxxxxxx Xxxxxx
	Title:	Authorized Signatory

	XXXXXXX XXXXX BANK, FSB, as a Lender
	By:	/s/ Xxxxxxx XxXxxxxx
	Name:	Xxxxxxx XxXxxxxx
	Title:	Senior Vice President

	BARCLAYS BANK PLC, as a Lender
	By:	/s/ Xxxxxxxx X. Kona
	Name:	Xxxxxxxx X. Kona
	Title:	Assistant Vice President

XXXXXXX BANK NATIONAL ASSOCIATION, as a Lender

By:

Name:

Title:

NATIXIS, NEW YORK BRANCH, as a Lender

By:

Name:

Title:

By:

Name:

Title:

DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK FRANKFURT AM MAIN, as a Lender

By:

Name:

Title:

BRANCH BANKING & TRUST COMPANY, as a Lender

By:

Name:

Title:

SUMITOMO MITSUI BANKING CORPORATION, as a Lender

By:

Name:

Title:

DEUTSCHE BANK, NEW YORK BRANCH, as a Lender

By:

Name:

Title:

By:

Name:

Title:

	TD BANK, N.A., as a Lender
	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title:	Senior Vice President

PEOPLE’S UNITED BANK, as a Lender

By:

Name:

Title:

FLAGSTAR BANK, FSB, as a Lender

By:

Name:

Title:

	THE HUNTINGTON NATIONAL BANK, as a Lender
	By:	/s/ Xxxxx Xxxxxx
	Name:	Xxxxx Xxxxxx
	Title:	Authorized Signer

BLUE HILLS BANK, as a Lender

By:

Name:

Title:

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender

By:

Name:

Title:

FIRST NIAGARA BANK, N.A. as a Lender

By:

Name:

Title:

RATIFICATION OF GUARANTY

Each of the undersigned guarantors (each a “Guarantor”) hereby acknowledges and consents to the foregoing Seventh Amendment as of October 12, 2012, and agrees that each of (a) the Amended and Restated Guaranty dated as of May 14, 2010 (as amended and in effect from time to time, the “Original Guaranty”) from each of Global Partners LP and Global GP LLC and (b) the Guaranty dated as of March 1, 2012 (as amended and in effect from time to time, the “Alliance Guaranty”) from each of Alliance Retail LLC and Xxxxxx Oil LLC remains in full force and effect, and each of the Guarantors confirms and ratifies all of its obligations thereunder and under each of the other Loan Documents to which such Guarantor is a party. Notwithstanding anything to the contrary contained herein, the parties thereto hereby acknowledge, agree and confirm that as of the date hereof, each of the Original Guaranty and the Alliance Guaranty remains in full force and effect.

	GLOBAL PARTNERS LP
	By:	Global GP LLC, its general partner
	By:	/s/ Xxxxxx X. Xxxxxxxxx
		Title: Chief Operating Officer and Chief Financial Officer
	GLOBAL GP LLC
	By:	/s/ Xxxxxx X. Xxxxxxxxx
		Title: Chief Operating Officer and Chief Financial Officer
	ALLIANCE RETAIL LLC
	By:	/s/ Xxxxxx X. Xxxxxx
		Title: Treasurer
	XXXXXX OIL LLC
	By:	/s/ Xxxxxx X. Xxxxxx
		Title: Treasurer