Item 1.01 Entry into a Material Definitive Agreement. OnJanuary 23, 2020 ,Sprague Resources LP , aDelaware limited partnership (the "Partnership"), entered into a letter agreement (the "Letter Agreement") with the Partnership's sponsor,Axel Johnson Inc. (the "Sponsor"), andSprague Resources Holdings LLC ("Sprague Holdings "), a wholly owned subsidiary of the Sponsor and the owner of the Partnership's general partner. The Letter Agreement provides thatSprague Holdings will receive common units, representing limited partner interests in the Partnership, in lieu of cash, in respect of the incentive distribution rights payable in connection with the distribution for the fourth quarter of 2019. A copy of the Letter Agreement is attached hereto as Exhibit 10.1 and is incorporated by reference into this Item 1.01. The description of the Letter Agreement contained in this Current Report on Form 8-K is qualified in its entirety by reference to the full text of the Letter Agreement. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT DESCRIPTION 10.1 Letter Agreement, datedJanuary 23, 2020 , amongSprague Resources LP ,Sprague Resources Holdings LLC andAxel Johnson Inc.
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