Exhibit 10.1

AGREEMENT AND AMENDMENT NO. 1 TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

This Agreement and Amendment No. 1 to Second Amended and Restated Credit
Agreement (this “Agreement”) dated as of February 3, 2012 is among Holly Energy
Partners – Operating, L.P., a Delaware limited partnership (the “Borrower”), the
Guarantors (as defined below), the parties that are “Lenders” prior to the
effectiveness of this Agreement under and as defined in the Credit Agreement
referred to below (the “Existing Lenders”), the parties that are New Lenders (as
defined below; and together with the Existing Lenders, the “Lenders” and
individually, a “Lender”), Wells Fargo Bank, National Association, as
administrative agent for such Lenders (in such capacity, the “Administrative
Agent”) and as an Issuing Bank.

RECITALS

A. The Borrower, the Existing Lenders, and the Administrative Agent are parties
to that certain Second Amended and Restated Credit Agreement dated as of
February 14, 2011 (as the same may be amended, modified or supplemented from
time to time, the “Credit Agreement”).

B. In connection with such Credit Agreement, certain Subsidiaries of the
Borrower executed and delivered that certain Second Amended and Restated
Guaranty dated as of February 14, 2011 (as the same may be further amended,
modified or supplemented from time to time, the “Guaranty”) in favor of the
Administrative Agent for the benefit of the Beneficiaries (as defined in the
Guaranty) pursuant to which they each became a Guarantor.

C. The Borrower acquired limited liability company interests in Cheyenne
Logistics LLC, a Delaware limited liability company (“Cheyenne”), and El Dorado
Logistics LLC, a Delaware limited liability company (“El Dorado” and together
with Cheyenne, the “New Subsidiaries”), pursuant to that certain LLC Interest
Purchase Agreement dated as of November 9 2011 by and among Parent, Frontier
Refining LLC, Frontier El Dorado Refining LLC, Limited Partner and the Borrower.

D. Cheyenne and El Dorado are parties to that certain Second Amended and
Restated Guaranty Agreement Supplement No. 1 dated as of December 15, 2011 with
the Administrative Agent pursuant to which they each became a Guarantor.

E. Pursuant to an Agreement and Plan of Merger dated as of December 31, 2011
between HEP Operations LLC, a Delaware limited liability company, and Borrower,
HEP Operations LLC agreed to merge with and into Borrower and such merger was
effected by the filing of a Certificate of Merger with the Delaware Secretary of
State effective as of December 31, 2011.

F. The Borrower has requested an increase in the aggregate Commitments under,
and as defined in, the Credit Agreement and an increase in the amount by which
the Commitments may be increased pursuant to Section 2.14 of the Credit
Agreement.

G. To effect the increase to the Commitments and subject to the terms set forth
herein, certain Existing Lenders have agreed to increase their respective
Commitments and certain other financial institutions have agreed to enter into
the Credit Agreement as Lenders (such new lenders being referred to herein as
“New Lenders”).

 

--------------------------------------------------------------------------------

H. The Borrower has also requested that the Existing Lenders and the New Lenders
amend the Credit Agreement to make certain other changes to the Credit
Agreement.

THEREFORE, the parties hereto hereby agree as follows:

ARTICLE I

DEFINITIONS

Section 1.01 Terms Defined Above. As used in this Agreement, each of the terms
defined in the opening paragraph and the Recitals above shall have the meanings
assigned to such terms therein.

Section 1.02 Terms Defined in the Credit Agreement. Each term defined in the
Credit Agreement and used herein without definition shall have the meaning
assigned to such term in the Credit Agreement, unless expressly provided to the
contrary.

Section 1.03 Other Definitional Provisions. The words “hereby”, “herein”,
“hereinafter”, “hereof”, “hereto” and “hereunder” when used in this Agreement
shall refer to this Agreement as a whole and not to any particular Article,
Section, subsection or provision of this Agreement. Section, subsection and
Schedule references herein are to such Sections, subsections and Schedules to
this Agreement unless otherwise specified. All titles or headings to Articles,
Sections, subsections or other divisions of this Agreement or the schedules
hereto, if any, are only for the convenience of the parties and shall not be
construed to have any effect or meaning with respect to the other content of
such Articles, Sections, subsections, other divisions or schedules, such other
content being controlling as the agreement among the parties hereto. Whenever
the context requires, reference herein made to the single number shall be
understood to include the plural; and likewise, the plural shall be understood
to include the singular. Words denoting gender shall be construed to include the
masculine, feminine and neuter, when such construction is appropriate; and
specific enumeration shall not exclude the general but shall be construed as
cumulative. Definitions of terms defined in the singular or plural shall be
equally applicable to the plural or singular, as the case may be, unless
otherwise indicated.

ARTICLE II

NEW LENDER AGREEMENTS

Section 2.01 New Lender Agreements. Each New Lender:

(a) represents and warrants that it has full power and authority, and has taken
all action necessary, to execute and deliver this Agreement and to become a
Lender under the Credit Agreement;

(b) agrees that, from and after the Effective Date (as herein defined), it shall
be bound by the provisions of the Credit Agreement as a Lender thereunder and,
subject to its Commitment, shall have the obligations of a Lender thereunder;

 

2

--------------------------------------------------------------------------------

(c) represents and warrants that it is sophisticated with respect to decisions
to enter into the Credit Agreement as a Lender and either it, or the person
exercising discretion in making its decision to enter into the Credit Agreement,
is experienced in making credit decisions as a lender in the type of transaction
evidenced by the Credit Agreement;

(d) represents and warrants that it has received a copy of the Credit Agreement
and such other Credit Documents it has requested, and has received or has been
accorded the opportunity to receive copies of the most recent financial
statements delivered pursuant to Section 5.06 thereof, as applicable, and such
other documents and information as it deems appropriate to make its own credit
analysis and decision to enter into this Agreement and the Credit Agreement;

(e) represents and warrants that it has, independently and without reliance upon
the Administrative Agent or any other Existing Lender or New Lender and based on
such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement and to become a Lender under
the Credit Agreement;

(f) if it is not incorporated under the laws of the United States of America or
a state thereof, has delivered or shall deliver simultaneously with the
execution of this Agreement, any documentation required to be delivered by it as
a Lender pursuant to the terms of the Credit Agreement, duly completed and
executed by such New Lender;

(g) agrees that (i) it will, independently and without reliance on the
Administrative Agent or any other Existing Lender or New Lender, and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
the Credit Documents, and (ii) it will perform in accordance with their terms
all of the obligations which by the terms of the Credit Documents are required
to be performed by it as a Lender;

(h) appoints and authorizes Administrative Agent to take such action as
Administrative Agent on its behalf and to exercise such powers and discretion
under the Credit Documents as are delegated to the Administrative Agent thereby,
together with such powers and discretion as are reasonably incidental thereto;
and

(i) specifies as its Applicable Lending Office and (address for notices) the
office(s) set forth beside its name on Schedule 1.01(b) attached hereto.

ARTICLE III

AMENDMENTS

Section 3.01 Amendment to Credit Agreement. Effective as of the Effective Date,
the Credit Agreement shall hereby be amended as follow:

(a) The reference to “$275,000,000” on the cover page to the Credit Agreement is
hereby deleted in its entirety.

 

3

--------------------------------------------------------------------------------

(b) The following definitions found in Section 1.01 (Certain Defined Terms) of
the Credit Agreement are hereby amended to read in their entirety as follows:

“Agreement” means this Second Amended and Restated Credit Agreement dated as of
February 14, 2011 among the Borrower, the Lenders, the Issuing Banks and the
Administrative Agent, as amended by Amendment No. 1 and as it may be further
amended, modified, restated, renewed, extended, increased or supplemented from
time-to-time.

“Change of Control” means any of the following events or conditions: (a) the
General Partner is no longer the sole general partner of the Borrower, (b) the
Limited Partner is no longer the sole owner of all of the membership interests
in the General Partner, (c) the Limited Partner is no longer the sole limited
partner of the Borrower, (d) HEP Logistics Holdings is no longer the sole
general partner of the Limited Partner, (e) the Parent no longer owns, directly
or indirectly, at least 80% of limited partnership interests of HEP Logistics
Holdings, (f) Holly Logistic Services is no longer the sole general partner of
HEP Logistics Holdings, (g) Parent no longer owns, directly or indirectly, at
least 80% of the membership interests in Holly Logistics Services, (h) any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)) other than the
Permitted Holders, shall become, or obtain rights (whether by means of warrants,
options or otherwise) to become, the “beneficial owner” (as defined in Rules
13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more
than 35% of the outstanding common stock of the Parent, or (i) the board of
directors of the Parent shall cease to consist of a majority of Continuing
Directors.

“Credit Documents” means, collectively, this Agreement, Amendment No. 1, the
Notes, the Security Documents, the Guaranties, the Letter of Credit Documents,
the Fee Letters, the Amendment No. 1 Fee Letter and each other agreement,
instrument or document executed at any time in connection with the foregoing
documents, as each such Credit Document may be amended, modified or supplemented
from time-to-time; provided, however, that in no event shall any agreement in
respect of Banking Services Obligations or any Lender Hedging Agreement
constitute a Credit Document hereunder.

“Lender” means a party to this Agreement that (a) became a party hereto as a
lender on the date hereof, (b) is identified as a “New Lender” (as defined in
Amendment No. 1) entering into this Agreement under and as provided in Amendment
No. 1, or (c) is an Eligible Assignee or an Approved Affiliate that became a
party hereto pursuant to Sections 2.14, 2.15 or 9.06.

“Omnibus Agreement” means that certain Sixth Amended and Restated Omnibus
Agreement dated as of November 1, 2011 by and among the Borrower, the Parent,
the Limited Partner, the General Partner, Navajo Pipeline Co., L.P., Holly
Logistic Services, HEP Logistics Holdings, the other Holly Entities (as defined
therein) party thereto, and the other Partnership Entities (as defined therein)
party thereto, as amended, modified or supplemented from time to time in
accordance with Section 6.09.

 

4

--------------------------------------------------------------------------------

“Parent” means HollyFrontier Corporation, a Delaware corporation, formerly known
as Holly Corporation and successor by merger with Frontier Oil Corporation.

“Parent Credit Facility” means the Credit Agreement dated as of July 1, 2011
among the Parent, the financial institutions party thereto, and Union Bank,
N.A., as administrative agent for such financial institutions, as the same may
be amended, modified, restated or supplemented from time to time.

“Pipelines and Terminals Agreement” means:

(i) the Pipeline Systems Operating Agreement, dated as of February 8, 2010, by
and between Navajo Refining Company, L.L.C., Lea Refining Company, Holly
Refining & Marketing Company — Woods Cross LLC (successor by merger to Woods
Cross Refining Company, L.L.C.), Holly Refining & Marketing — Tulsa LLC, and the
Borrower, as operator;

(ii) the Amended and Restated Intermediate Pipelines Agreement, dated as of
June 1, 2009, by and between the Parent, Navajo Refining Company, L.L.C., the
Limited Partner, the Borrower, HEP Pipeline, L.L.C., Lovington-Artesia, L.L.C.,
HEP Logistics Holdings, Holly Logistic Services, and the General Partner;

(iii) the Pipelines and Tankage Agreement, dated as of February 29, 2008, by and
among the Parent, Navajo Pipeline Co., L.P., Navajo Refining Company, L.L.C.,
Holly Refining & Marketing Company — Woods Cross LLC (successor by merger to
Woods Cross Refining Company, L.L.C.), the Limited Partner, the Borrower, HEP
Pipeline, L.L.C., and HEP Woods Cross, L.L.C.;

(iv) the Amended and Restated Refined Product Pipelines and Terminals Agreement,
dated as of December 1, 2009, by and among Navajo Refining Company, L.L.C.,
Holly Refining & Marketing Company — Woods Cross LLC, the Borrower, HEP Pipeline
Assets, Limited Partnership, HEP Pipeline, L.L.C., HEP Refining Assets, L.P.,
HEP Refining, L.L.C., HEP Mountain Home, L.L.C. and HEP Woods Cross, L.L.C.;

(v) the Amended and Restated Crude Pipelines and Tankage Agreement, dated as of
December 1, 2009, by and between Navajo Refining Company, L.L.C., Holly
Refining & Marketing Company — Woods Cross LLC, HollyFrontier Refining &
Marketing LLC (as successor by name change to Holly Refining & Marketing Company
LLC), the Borrower, HEP Pipeline, L.L.C., HEP Woods Cross, L.L.C.;

(vi) the Pipeline Throughput Agreement (Roadrunner), dated as of December 1,
2009, by and between Navajo Refining Company, L.L.C. and the Borrower;

 

5

--------------------------------------------------------------------------------

(vii) the Gas Transportation Agreement dated as of March 1, 2009, by and between
the Borrower and Navajo Refining Company, L.L.C.;

(viii) the Loading Rack Throughput Agreement (Lovington) dated effective as of
March 31, 2010, by and between the Navajo Refining Company, L.L.C. and Holly
Energy Storage-Lovington LLC;

(ix) the Pipelines and Terminals Agreement dated as of July 13, 2004, by and
among the Parent, Navajo Refining Company, L.P., Holly Refining and Marketing
Company, the Limited Partner, HEP Operating Company, L.P., as predecessor in
interest to the Borrower, and the General Partner;

(x) the First Amended and Restated Pipelines, Tankage and Loading Rack
Throughput Agreement (Tulsa East) dated effective as of March 31, 2010, by and
between Holly Refining & Marketing – Tulsa LLC and Holly Energy Storage-Tulsa
LLC;

(xi) the Tankage, Loading Rack and Crude Oil Receiving Throughput Agreement
(Cheyenne), dated effective as of November 1, 2011, by and among Frontier
Refining LLC and Cheyenne Logistics LLC; and

(xii) the Pipeline Delivery, Tankage and Loading Rack Throughput Agreement (El
Dorado), dated effective as of November 1, 2011, by and among Frontier El Dorado
Refining LLC and El Dorado Logistics LLC;

each, as amended, modified or supplemented from time to time in accordance with
Section 6.09.

(c) The following new definitions are added to Section 1.01 (Certain Defined
Terms) of the Credit Agreement to appear therein in alphabetical order:

“Amendment No. 1” means that certain Agreement and Amendment No. 1 to Second
Amended and Restated Credit Agreement dated as of February 3, 2012, among the
Borrower, the Guarantors, Wells Fargo Bank, National Association, as
Administrative Agent, a Lender and an Issuing Bank and all of the Lenders.”

“Amendment No. 1 Effective Date” means February 3, 2012.”

“Amendment No. 1 Fee Letter” means the letter agreement, dated January 23, 2012,
between the Borrower and Wells Fargo Securities, LLC.”

“Continuing Directors” means the directors of the Parent on July 1, 2011 and
each other director, if, in each case, such other director’s nomination for
election to the board of directors of the Parent is recommended by at least
66-2/3% of the then Continuing Directors.

 

6

--------------------------------------------------------------------------------

“Permitted Holders” means (a) Lamar Norsworthy, David Norsworthy, Nona Barrett,
Betty Regard, Margaret Simmons and Suzanne Bartolucci, (ii) the parents,
spouses, children and other lineal descendants of any Person listed in clause
(a) and (c) any estate or any trust established for the benefit of any one or
more of the Persons described in clauses (a) and (b).

(d) Section 2.01 (Making the Advances) of the Credit Agreement is hereby amended
by replacing clause (a) thereof in its entirety with the following:

(a) Advances. Each Lender having a Commitment severally agrees, on the terms and
conditions set forth in this Agreement, to make Advances to the Borrower from
time to time on any Business Day during the period from the date of this
Agreement until the Revolver Termination Date in an aggregate outstanding amount
up to but not to exceed at any time outstanding its Commitment, as such amount
may be reduced pursuant to Section 2.03, 7.02, and 7.03 or increased pursuant to
Section 2.14 or pursuant to Amendment No. 1; provided, however that the
aggregate outstanding principal amount of all Advances plus the aggregate Letter
of Credit Exposure shall not at any time exceed the aggregate Commitments.

(e) Section 2.14 (Commitment Increase) of the Credit Agreement is hereby amended
by replacing the reference to “$375,000,000” found in clause (a) thereof with a
reference to “$575,000,000.”

(f) Section 4.17 (Title, Etc.) of the Credit Agreement is hereby amended by
deleting the last sentence in clause (h) thereof in its entirety which stated:
“No portion of the Terminals is located in a special flood hazard area as
designated by any Governmental Authority”

(g) Section 6.01 (Liens, Etc.) of the Credit Agreement is hereby amended by
replacing clause (j) thereof in its entirety with the following:

(j) (i) existing on the Effective Date and listed on Schedule 6.01 attached
hereto and (ii) any Liens in favor of the Parent (or any assignee or successor
thereto that is an Affiliate of the Parent) securing certain obligations owing
to the Parent (or such Affiliate assignee or successor) similar to those
obligations owing under the Pipelines and Terminals Agreements so long as such
Liens are subordinated to the Liens on the same assets securing the Obligations
on terms not less advantageous to the Administrative Agent and the Lenders and
similar to those contained in the Subordination, Non-Disturbance and Attornment
Agreement executed by the Administrative Agent and the Parent as of July 8,
2005, in each case, including any renewals or extensions thereof; provided that
the property covered thereby is not increased and any renewal or extension of
the obligations secured or benefitted thereby is permitted by Section 6.02; and

(h) Section 8.13 (Lender Hedging Agreements) of the Credit Agreement is hereby
amended by replacing the reference to “Section 9.01(j)” found therein with a
reference to “Section 9.01(h).”

(i) Section 8.14 (Banking Service Obligations) of the Credit Agreement is hereby
amended by replacing the reference to “Section 9.01(j)” found therein with a
reference to “Section 9.01(h).”

 

7

--------------------------------------------------------------------------------

(j) Section 9.01 (Amendments) of the Credit Agreement is hereby amended by
deleting clause (h) thereof in its entirety which stated: “amend Section 2.14 or
waive any of the provisions set forth therein” and designating clause
(i) therein as clause (h).

(k) Schedule 1.01(a) — Commitments — which is attached to the Credit Agreement
is hereby replaced in its entirety with Schedule 1.01(a) that is attached
hereto.

(l) Schedule 1.01(b) — Notice Addresses and Applicable Lending Offices — which
is attached to the Credit Agreement is hereby replaced in its entirety with
Schedule 1.01(b) that is attached hereto.

(m) Schedule 1.01(d) — Guarantors — which is attached to the Credit Agreement is
hereby replaced in its entirety with Schedule 1.01(d) that is attached hereto.

(n) Schedule 4.01 — Subsidiaries — which is attached to the Credit Agreement is
hereby replaced in its entirety with Schedule 4.01 that is attached hereto.

(o) Schedule 6.01 — Existing Liens — which is attached to the Credit Agreement
is hereby replaced in its entirety with Schedule 6.01 that is attached hereto.

ARTICLE IV

AGREEMENTS

Section 4.01 Commitments. Each Existing Lender and each New Lender hereby
acknowledges and confirms that, as of the date hereof and after giving effect to
this Agreement its respective Commitment is as set forth next to its name on
Schedule 1.01(a) attached hereto.

Section 4.02 Breakage Costs. If, as a result of increase in the aggregate
Commitments effected hereby, any Existing Lender incurs any losses,
out-of-pocket costs or expenses as a result of any payment of Eurodollar Rate
Advances prior to the last day of the Interest Period applicable thereto
(whether by the Borrower or as a result of the reallocation of the outstandings
of the Eurodollar Rate Advances under the Credit Agreement due to the changes in
the Existing Lenders’ Pro Rata Share resulting from the non-pro rata increases
in the Commitments and the joinder of New Lenders into the Credit Agreement) and
such Existing Lender makes a request for compensation pursuant to Section 2.10
of the Credit Agreement, the Borrower shall, within ten (10) days of any written
demand sent by such Existing Lender to the Borrower through the Administrative
Agent, pay to the Administrative Agent for the account of such Existing Lender
any amounts required under Section 2.10 of the Credit Agreement to compensate
such Existing Lender for such losses, out-of-pocket costs or expenses which it
may reasonably incur as a result of such payment or reallocation, including,
without limitation, any loss (including loss of anticipated profits), cost or
expense incurred by reason of the liquidation or reemployment of deposits or
other funds acquired by any Existing Lender to fund or maintain such Advances.

Section 4.03 Upfront Fees. On the Effective Date, the Borrower shall pay to the
Administrative Agent (a) for the account of each Existing Lender, an upfront fee
equal to forty basis points (0.40%) of the amount by which such Existing
Lender’s Commitments exceeds its Commitments immediately prior to the Amendment
No. 1 Effective Date and (b) for each New Lender, an upfront fee equal to forty
basis points (0.40%) of its Commitment. On the Effective Date, such fees shall
be non-refundable and deemed to be fully earned when paid.

 

8

--------------------------------------------------------------------------------

ARTICLE V

REPRESENTATIONS AND WARRANTIES

Section 5.01 Borrower Representations and Warranties. The Borrower represents
and warrants that: (a) the representations and warranties contained in the
Credit Agreement and the representations and warranties contained in the other
Credit Documents are true and correct in all material respects on and as of the
Effective Date as if made on and as of such date, except to the extent that such
representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct in all material respects as of such earlier
date; (b) no Default has occurred and is continuing; (c) the execution, delivery
and performance of this Agreement are within the partnership power and authority
of the Borrower and have been duly authorized by appropriate partnership action
and proceedings; (d) this Agreement constitutes the legal, valid, and binding
obligation of the Borrower enforceable in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, or
similar laws affecting the rights of creditors generally and general principles
of equity; (e) there are no governmental or other third party consents, licenses
and approvals required to be obtained by the Borrower in connection with the
execution, delivery and performance of this Agreement by the Borrower or the
validity and enforceability of this Agreement against the Borrower; and (f) the
Liens under the Security Documents are valid and subsisting and secure
Borrower’s obligations under the Credit Documents.

Section 5.02 Guarantors’ Representations and Warranties. Each Guarantor
represents and warrants that: (a) the representations and warranties of such
Guarantor contained in the Guaranty and the representations and warranties
contained in the other Credit Documents to which such Guarantor is a party are
true and correct in all material respects on and as of the Effective Date as if
made on and as of such date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be
true and correct as of such earlier date; (b) no Default has occurred which is
continuing; (c) the execution, delivery and performance of this Agreement are
within the corporate or other organizational power and authority of such
Guarantor and have been duly authorized by appropriate action and proceedings;
(d) this Agreement constitutes the legal, valid, and binding obligation of such
Guarantor enforceable in accordance with its terms, except as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws
affecting the rights of creditors generally and general principles of equity;
(e) there are no governmental or other third party consents, licenses and
approvals required to be obtained by such Guarantor in connection with the
execution, delivery or performance of this Agreement by such Guarantor or the
validity and enforceability of this Agreement against such Guarantor; (f) to its
knowledge, it has no defenses to the enforcement of its Guaranty (other than the
indefeasible payment in full of the Obligations); and (g) the Liens under the
Security Documents to which such Guarantor is a party are valid and subsisting
and secure such Guarantor’s obligations under the Credit Documents.

 

9

--------------------------------------------------------------------------------

ARTICLE VI

CONDITIONS

The Credit Agreement shall be amended as provided herein, upon the date all of
the following conditions precedent have been met (the “Effective Date”):

Section 6.01 Documents. The Administrative Agent shall have received each of the
following:

(a) this Agreement duly and validly executed and delivered by the Borrower, the
Guarantors, the Administrative Agent, the Existing Lenders and the New Lenders;

(b) the Amendment No. 1 Fee Letter;

(c) a replacement Note for each Existing Lender which increase its Commitments
pursuant to this Agreement and a new Note to each New Lender, in each case, in
the amount of their respective Commitments after giving effect to this
Agreement;

(d) favorable opinions of the Borrower’s and the Guarantors’ counsel dated as of
the date of this Agreement in form and substance satisfactory to the
Administrative Agent and covering such matters as the Administrative Agent may
reasonably request;

(e) a secretary’s or a Responsible Officer’s certificate for the Borrower dated
the date hereof and certifying (i) copies of the resolutions of the board of
directors of the General Partner authorizing this Agreement and the increase in
the aggregate Commitments effected hereby, (ii) the Borrower Partnership
Agreement and the other organizational documents of the Borrower, (iii) the
General Partner’s Certificate of Organization and Regulations, and (iv) the
names and true signatures of the officers of the General Partner authorized to
sign this Agreement, the new or replacement Notes, and the other Credit
Documents to which this Borrower is a party;

(f) a secretary’s or a Responsible Officer’s certificate for each Guarantor
dated the date hereof and covering the matters set forth in clause (e) above as
to such Guarantor; and

(g) certificates of good standing and existence for the Borrower and each
Guarantor in each state in which each such Person is organized, which
certificate shall be dated a date not earlier than 30 days prior to the
Effective Date.

Section 6.02 No Default. No Default shall have occurred which is continuing as
of the Effective Date.

Section 6.03 Fees and Expenses. The Borrower shall have paid or reimbursed the
Administrative Agent for (a) all of its reasonable out-of-pocket costs and
expenses incurred in connection with this Agreement and the increase in the
aggregate Commitments effected hereby, any other documents prepared in
connection herewith and the transactions contemplated hereby, including, without
limitation, the fees and disbursements of the Administrative Agent’s outside
legal counsel, in each case, pursuant to all invoices of the Administrative
Agent and/or such counsel presented to the Borrower for payment not less than
two (2) days prior to the Effective Date, (b) all fees required to be paid under
the fee letter referenced in Section 6.01(b) above, and (c) all upfront fees
required to be paid under Section 4.03 above.

 

10

--------------------------------------------------------------------------------

ARTICLE VII

MISCELLANEOUS

Section 7.01 Effect on Credit Documents; Acknowledgements.

(a) Each of the Borrower, the Guarantors, Administrative Agent, the Issuing
Banks, the Existing Lenders and the New Lenders does hereby adopt, ratify, and
confirm the Credit Agreement and each other Credit Document, as amended hereby,
and acknowledges and agrees that the Credit Agreement and each other Credit
Document, as amended hereby, is and remains in full force and effect, and the
Borrower and the Guarantors acknowledge and agree that their respective
liabilities and obligations under the Credit Agreement and the other Credit
Documents are not impaired in any respect by this Agreement.

(b) From and after the Effective Date, all references to the Credit Agreement
and the Credit Documents shall mean such Credit Agreement and such Credit
Documents as amended by this Agreement.

(c) This Agreement is a Credit Document for the purposes of the provisions of
the other Credit Documents. Without limiting the foregoing, any breach of
representations, warranties, and covenants under this Agreement shall be a
Default or Event of Default, as applicable, under the Credit Agreement, subject
to all applicable cure or grace periods provided for under the Credit Agreement.

Section 7.02 Reaffirmation of the Guaranty. Each Guarantor hereby ratifies,
confirms, acknowledges and agrees that its obligations under the Guaranty are in
full force and effect and that such Guarantor continues to unconditionally and
irrevocably guarantee the full and punctual payment, when due, whether at stated
maturity or earlier by acceleration or otherwise, all of the Guaranteed
Obligations (as defined in the Guaranty), as such Guaranteed Obligations may
have been amended by this Agreement, and its execution and delivery of this
Agreement does not indicate or establish an approval or consent requirement by
such Guarantor under the Guaranty in connection with the execution and delivery
of amendments to the Credit Agreement, the Notes or any of the other Credit
Documents (other than the Guaranty or any other Credit Document to which such
Guarantor is a party).

Section 7.03 Counterparts. This Agreement may be signed in any number of
counterparts, each of which shall be an original and all of which, taken
together, constitute a single instrument. This Agreement may be executed by
facsimile signature or other electronic transmission and all such signatures
shall be effective as originals.

Section 7.04 Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns permitted pursuant to the Credit Agreement.

 

11

--------------------------------------------------------------------------------

Section 7.05 Invalidity. In the event that any one or more of the provisions
contained in this Agreement shall for any reason be held invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision of this Agreement.

Section 7.06 Governing Law. This Agreement shall be deemed to be a contract made
under and shall be governed by, construed and enforced in accordance with the
laws of the State of Texas. Without limiting the intent of the parties set forth
above, (a) Chapter 15, Subtitle 3, Title 79, of the Revised Civil Statutes of
Texas, 1925, as amended (relating to revolving loans and revolving tri-party
accounts), shall not apply to this Agreement or the transactions contemplated
hereby and (b) to the extent that any Lender may be subject to Texas law
limiting the amount of interest payable for its account, such Lender shall
utilize the indicated (weekly) rate ceiling from time to time in effect as
provided in Chapter 303 of the Texas Finance Code, as amended (formerly known as
the indicated (weekly) rate ceiling in Article 5069-1.04 of the Revised Civil
Statutes of Texas).

Section 7.07 Entire Agreement. THIS AGREEMENT, THE CREDIT AGREEMENT AS AMENDED
BY THIS AMENDMENT, THE NOTES, AND THE OTHER CREDIT DOCUMENTS CONSTITUTE THE
ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER
HEREOF AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT
THERETO.

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

[The remainder of this page has been left blank intentionally.]

 

12

--------------------------------------------------------------------------------

EXECUTED to be effective as of the date first above written.

 

   

BORROWER:

 

HOLLY ENERGY PARTNERS — OPERATING, L.P.,

a Delaware limited partnership

    By:  

HEP Logistics GP, L.L.C.,

      a Delaware limited liability company,       its General Partner     By:  
Holly Energy Partners, L.P.,       a Delaware limited partnership,       its
Sole Member     By:   HEP Logistics Holdings, L.P.,       a Delaware limited
partnership,       its General Partner     By:   Holly Logistic Services,
L.L.C.,       a Delaware limited liability company,       its General Partner  
  By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

 

--------------------------------------------------------------------------------

 

   

GUARANTORS:

 

HEP PIPELINE GP, L.L.C.,

a Delaware limited liability company

HEP REFINING GP, L.L.C.,

a Delaware limited liability company

HEP MOUNTAIN HOME, L.L.C.,

a Delaware limited liability company

HEP PIPELINE, L.L.C.,

a Delaware limited liability company

HEP REFINING, L.L.C.,

a Delaware limited liability company

HEP WOODS CROSS, L.L.C.,

a Delaware limited liability company

HEP TULSA LLC,

a Delaware limited liability company

LOVINGTON-ARTESIA, L.L.C.,

a Delaware limited liability company

HEP SLC, LLC,

a Delaware limited liability company

ROADRUNNER PIPELINE, L.L.C.,

a Delaware limited liability company

CHEYENNE LOGISTICS LLC,

a Delaware limited liability company

EL DORADO LOGISTICS LLC,

a Delaware limited liability company

    Each By:   Holly Energy Partners — Operating, L.P.,       a Delaware limited
partnership,       its Sole Member     By:   HEP Logistics GP, L.L.C.,       a
Delaware limited liability company,       its General Partner     By:   Holly
Energy Partners, L.P.,       a Delaware limited partnership,       its Sole
Member     By:   HEP Logistics Holdings, L.P.,       a Delaware limited
partnership,       its General Partner     By:   Holly Logistic Services,
L.L.C.,       a Delaware limited liability company,       its General Partner  
  By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

 

--------------------------------------------------------------------------------

 

   

HEP NAVAJO SOUTHERN, L.P.,

a Delaware limited partnership

HEP PIPELINE ASSETS, LIMITED PARTNERSHIP,

a Delaware limited partnership

HEP FIN-TEX/TRUST-RIVER, L.P.,

a Texas limited partnership

    Each By:   HEP Pipeline GP, L.L.C.,       a Delaware limited liability
company,       its General Partner     By:   Holly Energy Partners — Operating,
L.P.,       a Delaware limited partnership,       its Sole Member     By:   HEP
Logistics GP, L.L.C.,       a Delaware limited liability company,       its
General Partner     By:   Holly Energy Partners, L.P.,       a Delaware limited
partnership,       its Sole Member     By:   HEP Logistics Holdings, L.P.,      
a Delaware limited partnership,       its General Partner     By:   Holly
Logistic Services, L.L.C.,       a Delaware limited liability company,       its
General Partner     By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

 

 

--------------------------------------------------------------------------------

 

   

HEP REFINING ASSETS, L.P.,

a Delaware limited partnership

    By:   HEP Refining GP, L.L.C.,       a Delaware limited liability company,  
    its General Partner     By:   Holly Energy Partners — Operating, L.P.,      
a Delaware limited partnership,       its Sole Member     By:   HEP Logistics
GP, L.L.C.,       a Delaware limited liability company,       its General
Partner     By:   Holly Energy Partners, L.P.,       a Delaware limited
partnership,       its Sole Member     By:   HEP Logistics Holdings, L.P.,      
a Delaware limited partnership,       its General Partner     By:   Holly
Logistic Services, L.L.C.,       a Delaware limited liability company,       its
General Partner     By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer    

HEP LOGISTICS GP, L.L.C.,

   

a Delaware limited liability company

    By:   Holly Energy Partners, L.P.,       a Delaware limited partnership,    
  its Sole Member     By:   HEP Logistics Holdings, L.P.,       a Delaware
limited partnership,       its General Partner     By:   Holly Logistic
Services, L.L.C.,       a Delaware limited liability company,       its General
Partner     By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

 

--------------------------------------------------------------------------------

 

   

HOLLY ENERGY PARTNERS, L.P.,

a Delaware limited partnership

    By:   HEP Logistics Holdings, L.P.,       a Delaware limited partnership,  
    its General Partner     By:   Holly Logistic Services, L.L.C.,       a
Delaware limited liability company,       its General Partner     By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer     HOLLY ENERGY
FINANCE CORP.,     a Delaware corporation     By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

 

--------------------------------------------------------------------------------

 

   

HOLLY ENERGY STORAGE-LOVINGTON LLC,

a Delaware limited liability company

    By:   HEP Refining, L.L.C.,       a Delaware limited liability,       its
Sole Member     By:   Holly Energy Partners — Operating, L.P.,       a Delaware
limited partnership,       its Sole Member     By:   HEP Logistics GP, L.L.C.,  
    a Delaware limited liability company,       its General Partner     By:  
Holly Energy Partners, L.P.,       a Delaware limited partnership,       its
Sole Member     By:   HEP Logistics Holdings, L.P.,       a Delaware limited
partnership,       its General Partner     By:   Holly Logistic Services,
L.L.C.,       a Delaware limited liability company,       its General Partner  
  By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

--------------------------------------------------------------------------------

 

   

HOLLY ENERGY STORAGE-TULSA LLC,

a Delaware limited liability company

    By:   HEP Tulsa, L.L.C.,       a Delaware limited liability,       its Sole
Member     By:   Holly Energy Partners — Operating, L.P.,       a Delaware
limited partnership,       its Sole Member     By:   HEP Logistics GP, L.L.C.,  
    a Delaware limited liability company,       its General Partner     By:  
Holly Energy Partners, L.P.,       a Delaware limited partnership,       its
Sole Member     By:   HEP Logistics Holdings, L.P.,       a Delaware limited
partnership,       its General Partner     By:   Holly Logistic Services,
L.L.C.,       a Delaware limited liability company,       its General Partner  
  By:  

/s/ Stephen D. Wise

      Stephen D. Wise       Vice President and Treasurer

 

--------------------------------------------------------------------------------

 

   

ADMINISTRATIVE AGENT:

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Administrative Agent

    By:  

/s/ Sarah Thomas

      Sarah Thomas       Vice President    

LENDERS:

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

as a Lender and an Issuing Bank

    By:  

/s/ Sarah Thomas

      Sarah Thomas       Vice President

 

--------------------------------------------------------------------------------

UNION BANK, N.A.,

as a Lender

By:  

/s/ Bradley Kraus

 

Bradley Kraus

Investment Banking Officer

--------------------------------------------------------------------------------

COMPASS BANK,

as a Lender

By:  

/s/ Umar Hassan

 

Umar Hassan

Vice President

--------------------------------------------------------------------------------

U.S. BANK NATIONAL ASSOCIATION,

as a Lender

By:  

/s/ Daniel K. Hansen

 

Daniel K. Hansen

Vice President

--------------------------------------------------------------------------------

BANK OF AMERICA, N.A.,

as a Lender

By:  

/s/ Ronald E. McKaig

 

Ronald E. McKaig

Managing Director

--------------------------------------------------------------------------------

CAPITAL ONE, N.A.,

as a Lender

By:  

/s/ David Reid

 

David Reid

Senior Vice President

--------------------------------------------------------------------------------

COMERICA BANK,

as a Lender

By:  

/s/ Robert L. Nelson

 

Robert L. Nelson

Vice President

--------------------------------------------------------------------------------

SUNTRUST BANK,

as a Lender

By:   /s/ Carmen Malizia  

Carmen Malizia

Vice President

 

--------------------------------------------------------------------------------

UBS LOAN FINANCE LLC

as a Lender

By:  

/s/ Irja R. Otsa

 

Irja R. Otsa

Associate Director

By:  

/s/ Joselin Fernandes

  Joselin Fernandes   Associate Director

--------------------------------------------------------------------------------

PNC BANK, NATIONAL ASSOCIATION,

as a Lender

By:  

/s/ Kay Murphy

 

Kay Murphy

Vice President

--------------------------------------------------------------------------------

CITIBANK, N.A.,

as a Lender

By:  

/s/ Todd J. Mogil

 

Todd J. Mogil

Vice President

--------------------------------------------------------------------------------

ONEWEST BANK, FSB,

as a Lender

By:  

/s/ Grant Ahearn

 

Grant Ahearn

Executive Vice President

Head of Specialized Lending

--------------------------------------------------------------------------------

CIT BANK,

as a Lender

By:  

/s/ Kelly Hartnett

 

Kelly Hartnett

Authorized Signatory

--------------------------------------------------------------------------------

SCHEDULE 1.01(a)

COMMITMENTS

 

Lender

 

Commitment

Wells Fargo Bank, N.A.

  $42,500,000.00

Union Bank, N.A.

  $40,000,000.00

Compass Bank

  $37,500,000.00

U.S. Bank National Association

  $35,000,000.00

Bank of America, N.A.

  $30,000,000.00

Capital One, N.A.

  $30,000,000.00

Comerica Bank

  $30,000,000.00

SunTrust Bank

  $30,000,000.00

UBS Loan Finance LLC

  $30,000,000.00

Citibank, N.A.

  $22,500,000.00

PNC Bank, National Association

  $17,500,000.00

CIT Bank

  $15,000,000.00

OneWest Bank, FSB

  $15,000,000.00

Total

  $375,000,000.00

 

Schedule 1.01(a)

--------------------------------------------------------------------------------

SCHEDULE 1.01(b)

NOTICE ADDRESSES AND APPLICABLE LENDING OFFICES

 

Borrower:   Office:

Holly Energy Partners — Operating, L.P.

 

Address for Notices:

2828 N. Harwood, Suite 1300

Dallas, TX 75201

 

Telecopier Number: (214) 237-3051

Attention: Stephen D. Wise

Administrative Agent:   Applicable Lending Offices:

Wells Fargo Bank, National Association

 

Address for Notices:

1525 West WT Harris Blvd.

Charlotte, NC 28262

 

Telecopier Number: (704) 590-2782

Telephone Number: (704) 590-2779

Attention: Erika Myers

Lenders:   Applicable Lending Offices:

Wells Fargo Bank, National Association

 

U.S. Domestic Lending Office:

1700 Lincoln Street, Suite 600

Denver, CO 80203

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (303) 863-2729

Attention: Suzanne F. Ridenhour

 

Union Bank, N.A.

 

U.S. Domestic Lending Office:

445 South Figueroa Street, 15th Floor

Los Angeles, California 90071

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: 213-236-6823

Attention: Don Smith

 

Schedule 1.01(b) Page 1

--------------------------------------------------------------------------------

 

Compass Bank

  

U.S. Domestic Lending Office:

24 Greenway Plaza, Suite 1400A

Houston, Texas 77046

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: 713-499-8722

Attention: Greg Determann

 

U.S. Bank National Association

  

U.S. Domestic Lending Office:

950 17th Street DN-CO-T8E

Denver, CO 80202

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

555 SW Oak, PDORP7LS

Portland, OR 97208

 

Telecopier Number: (303) 585-4362

Attention: Daniel K. Hansen

 

Bank of America, N.A.

  

U.S. Domestic Lending Office:

901 Main St.

Dallas, TX 75202-3714

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (713) 247-7286

Attention: Ron McKaig

 

Capital One, N.A.

  

U.S. Domestic Lending Office:

5718 Westheimer, Suite 1430

Houston, TX 77053

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (504) 533-5594

Attention: Nancy Moragas

 

 

Schedule 1.01(b) Page 2

--------------------------------------------------------------------------------

 

Comerica Bank

  

U.S. Domestic Lending Office:

1717 Main Street

Dallas, TX 75201

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (214)-462-4240

Attention: Robert L. Nelson

 

SunTrust Bank

  

U.S. Domestic Lending Office:

303 Peachtree Street

Atlanta, Georgia 30308

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (404)-827-6270

Attention: Carmen Malizia

 

UBS Loan Finance LLC

  

U.S. Domestic Lending Office:

677 Washington Blvd.

Stamford, CT 06901

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (203)-719-3390

Attention: Banking Products Services

 

PNC Bank, National Association

  

U.S. Domestic Lending Office:

Two Tower Center Blvd., 21st Floor

East Brunswick, NJ 08816

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (214)-871-2015

Attention: Andrew Bae

 

Schedule 1.01(b) Page 3

--------------------------------------------------------------------------------

 

Citibank, N.A.

  

U.S. Domestic Lending Office:

1615 Brett Road, Building III

New Castle, DE 19720

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (212) 994-0847

Attention: GLOriginationOps

 

OneWest Bank, FSB

  

U.S. Domestic Lending Office:

888 East Walnut Street

Pasadena, CA 91101

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (866) 518-6540

Attention: Olga Fomina

 

CIT Bank

  

U.S. Domestic Lending Office:

11 West 42nd Street

New York, New York 10036

 

Eurodollar Lending Office:

Same as U.S. Domestic Lending Office

 

Address for Notices:

Same as U.S. Domestic Lending Office

 

Telecopier Number: (212) 771-6023

Attention: Michael Cerniglia

 

Schedule 1.01(b) Page 4

--------------------------------------------------------------------------------

SCHEDULE 1.01(d)

GUARANTORS

 

Guarantor

  

Ownership

Holly Energy Partners, L.P.

  

HEP Logistics Holdings, L.P. — 2% general partner interest

 

Parent and its Affiliates — 39.7% in common units

 

Publicly owned — 58.3% in common units

Holly Energy Finance Corp.

  

Holly Energy Partners, L.P. — 100%

HEP Logistics GP, L.L.C.

  

Holly Energy Partners, L.P. — 100%

HEP Pipeline GP, L.L.C.

  

Borrower — 100%

HEP Refining GP, L.L.C.

  

Borrower — 100%

HEP Mountain Home, L.L.C.

  

Borrower — 100%

HEP Pipeline, L.L.C.

  

Borrower — 100%

HEP Refining, L.L.C.

  

Borrower — 100%

HEP Woods Cross, L.L.C.

  

Borrower — 100%

HEP Navajo Southern, L.P.

  

Borrower — 99.999%

HEP Pipeline GP, L.L.C. — 0.001%

HEP Pipeline Assets, Limited Partnership

  

Borrower — 99.999%

HEP Pipeline GP, L.L.C. — 0.001%

HEP Fin-Tex/Trust River, L.P.

  

Borrower — 99.999%

HEP Pipeline GP, L.L.C. — 0.001%

HEP Refining Assets, L.P.

  

Borrower — 99.999%

HEP Refining GP, L.L.C.— 0.001%

Holly Energy Storage — Lovington LLC

  

HEP Refining, L.L.C. — 100%

HEP Tulsa LLC

  

Borrower — 100%

Holly Energy Storage — Tulsa LLC

  

HEP Tulsa LLC — 100%

Lovington-Artesia, L.L.C.

  

Borrower — 100%

HEP SLC, LLC

  

Borrower — 100%

 

Schedule 1.01(d) Page 1

--------------------------------------------------------------------------------

Guarantor

  

Ownership

Roadrunner Pipeline, L.L.C.

  

Borrower — 100%

Cheyenne Logistics LLC

  

Borrower — 100%

El Dorado Logistics LLC

  

Borrower — 100%

 

Schedule 1.01(d) Page 2

--------------------------------------------------------------------------------

SCHEDULE 4.01

SUBSIDIARIES

 

Name of Subsidiary

  

Ownership

  

Jurisdiction of Formation

HEP Pipeline GP, L.L.C.

  

Borrower — 100%

   Delaware

HEP Refining GP, L.L.C.

  

Borrower — 100%

   Delaware

HEP Mountain Home, L.L.C.

  

Borrower — 100%

   Delaware

HEP Pipeline, L.L.C.

  

Borrower — 100%

   Delaware

HEP Refining, L.L.C.

  

Borrower — 100%

   Delaware

HEP Woods Cross, L.L.C.

  

Borrower — 100%

   Delaware

HEP Navajo Southern, L.P.

  

99.999% — Borrower

0.001% — HEP Pipeline GP, L.L.C.

   Delaware

HEP Pipeline Assets, Limited Partnership

  

99.999% — Borrower

0.001% — HEP Pipeline GP, L.L.C.

   Delaware

HEP Fin-Tex/Trust River, L.P.

  

99.999% — Borrower

0.001% — HEP Pipeline GP, L.L.C.

   Texas

HEP Refining Assets, L.P.

  

99.999% — Borrower

0.001% — HEP Refining GP, L.L.C.

   Delaware

Holly Energy Storage — Lovington LLC

  

HEP Refining, L.L.C. — 100%

   Delaware

HEP Tulsa LLC

  

Borrower — 100%

   Delaware

Holly Energy Storage — Tulsa LLC

  

HEP Tulsa LLC — 100%

   Delaware

Lovington-Artesia, L.L.C.

  

Borrower — 100%

   Delaware

HEP SLC, LLC

  

Borrower — 100%

   Delaware

Roadrunner Pipeline, L.L.C.

  

Borrower — 100%

   Delaware

Cheyenne Logistics LLC

  

Borrower — 100%

   Delaware

El Dorado Logistics LLC

  

Borrower — 100%

   Delaware

 

Schedule 4.01

--------------------------------------------------------------------------------

SCHEDULE 6.01

EXISTING LIENS

Liens in favor of Alon USA, LP (or any assignee or successor thereto) securing
certain obligations under the Pipelines and Terminals Agreement dated as of
February 28, 2005 between the Limited Partner and Alon USA, L.P. (“Alon”),
pursuant to the Mortgage and Deed of Trust (with Security Agreement and
Financing Statement) dated as of March 1, 2005 executed by HEP FTTR for the
benefit of Alon, so long as such Liens are subordinated to the Liens on the same
assets securing the Obligations on terms not less advantageous to the
Administrative Agent and the Lenders than those in effect on the date hereof
contained in the Subordination, Non-Disturbance and Attornment Agreement
executed by the Administrative Agent, the Alon Administrative Agent (as defined
therein) and Alon USA, LP as of March 1, 2005.

Liens in favor of the Parent (or any assignee or successor thereto that is an
Affiliate of the Parent) securing certain obligations owing to the Parent (or
such Affiliate assignee or successor) and including, without limitation,
obligations owing under (a) the Pipelines Agreement dated as of July 8, 2005
among the Borrower, the Parent, Navajo Refining Company, HEP Pipeline, HEP
Logistics Holdings, Holly Logistics Services, and the General Partner, (b) the
Pipelines and Tankage Agreement, dated as of February 29, 2008, by and among the
Parent, Navajo Pipeline Co., L.P., Navajo Refining Company, L.L.C., Holly
Refining & Marketing Company – Woods Cross LLC (successor by merger to Woods
Cross Refining Company, L.L.C.), the Limited Partner, the Borrower, HEP
Pipeline, L.L.C., and HEP Woods Cross, L.L.C., (c) the Amended and Restated
Intermediate Pipelines Agreement dated as of June 1, 2009, by and among the
Parent, Navajo Refining Company, L.L.C., the Limited Partner, the Borrower, HEP
Pipeline, L.L.C., Lovington-Artesia, L.L.C., HEP Logistics Holdings, Holly
Logistic Services and the General Partner, (d) the First Amended and Restated
Pipelines, Tankage and Loading Rack Throughput Agreement (Tulsa East) dated
effective as of March 31, 2010, by and between Holly Refining & Marketing –
Tulsa LLC and Holly Energy Storage-Tulsa LLC, (e) the Loading Rack Throughput
Agreement (Lovington) dated effective as of March 31, 2010, by and between the
Navajo Refining Company, L.L.C. and Holly Energy Storage-Lovington LLC, (f) the
Tankage, Loading Rack and Crude Oil Receiving Throughput Agreement (Cheyenne),
dated effective as of November 1, 2011, by and among Frontier Refining LLC and
Cheyenne Logistics LLC and (g) the Pipeline Delivery, Tankage and Loading Rack
Throughput Agreement (El Dorado), dated effective as of November 1, 2011, by and
among Frontier El Dorado Refining LLC and El Dorado Logistics LLC so long as
such Liens are subordinated to the Liens on the same assets securing the
Obligations on terms not less advantageous to the Administrative Agent and the
Lenders than those in effect on the date hereof, including, without limitation,
those contained in (i) the Subordination, Non-Disturbance and Attornment
Agreement executed by the Administrative Agent and the Parent as of July 8,
2005, (ii) the Subordination, Non-Disturbance and Attornment Agreement executed
by the Administrative Agent and the Parent as of February 29, 2008, (iii) the
Subordination, Non-Disturbance and Attornment Agreement executed by the
Administrative Agent and the Parent as of June 1, 2009, (iv) the Subordination,
Non-Disturbance and Attornment Agreement (for Tulsa East) executed by the
Administrative Agent and the Parent as of April 30, 2010, (v) the Subordination,
Non-Disturbance and Attornment Agreement (for Lovington) executed by the
Administrative Agent and the Parent as of April 30, 2010, (vi) the
Subordination, Non-Disturbance and Attornment Agreement (for Cheyenne Logistics
LLC) executed by the Administrative Agent and the Parent as of January 31, 2012
and (vii) the Subordination, Non-Disturbance and Attornment Agreement (for El
Dorado Logistics LLC) executed by the Administrative Agent and the Parent as of
January 31, 2012, in each case for the respective Pipelines and Terminal
Agreement listed above.

Liens in favor of Leaf Funding, Inc. securing certain lease obligations.

 

Schedule 6.01