First Supplemental Indenture



 Exhibit 4.1 
 FIRST SUPPLEMENTAL INDENTURE 
 FIRST
SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of June 14, 2011, among Eagle Consolidation LLC, a Delaware limited liability company (the “Guaranteeing
Subsidiary”), a subsidiary of Holly Corporation (or its permitted successor), a Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank Trust
National Association, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H

 WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”),
dated as of June 10, 2009, providing for the issuance of 9.875% Senior Notes due 2017 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary
Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this First Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to
them in the Indenture. 
 2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary
hereby agrees to provide an unconditional guarantee on the terms and subject to the conditions set forth in the Subsidiary Guarantee and in the Indenture including but not limited to Article 10 thereof. 

3. NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator
or owner of an Equity Interest of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this First Supplemental Indenture or the Subsidiary Guarantees or for any claim
based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

 4. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FIRST SUPPLEMENTAL
INDENTURE. 

  
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 5. COUNTERPARTS. The parties may sign any number of copies of this First
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 6.
EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or
in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed and attested, all as of the date first above written. 
  

					
	GUARANTEEING SUBSIDIARY:
	
	EAGLE CONSOLIDATION LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	COMPANY:
	
	HOLLY CORPORATION
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	EXISTING GUARANTORS:
	
	HOLLY TRANSPORTATION LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	 HOLLY REFINING & MARKETING —
 TULSA LLC

		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	BLACK EAGLE, INC.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer



  
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 First Supplemental Indenture 
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	HOLLY PAYROLL SERVICES, INC.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLY PETROLEUM, INC.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLY REFINING & MARKETING COMPANY LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLY REFINING & MARKETING COMPANY— WOODS CROSS LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLY REFINING COMMUNICATIONS, INC.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLY UNEV PIPELINE COMPANY
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer



  
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	HOLLY WESTERN ASPHALT COMPANY
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	LEA REFINING COMPANY
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HRM Montana
	f/k/a MONTANA REFINING COMPANY, a partnership
		
	By:	 	Black Eagle, Inc., partner
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
		
	By:	 	Navajo Northern, Inc., partner
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	MONTANA RETAIL COMPANY LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO CRUDE OIL PURCHASING, INC.
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer



  
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	NAVAJO HOLDINGS, INC.
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO NORTHERN, INC.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO PIPELINE GP, L.L.C.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO PIPELINE LP, L.L.C.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO PIPELINE CO., L.P.
		
	By:	 	Navajo Pipeline GP, L.L.C., its general partner
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO REFINING COMPANY, L.L.C.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NAVAJO REFINING GP, L.L.C.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer



  
 Signature Page

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	NAVAJO WESTERN ASPHALT COMPANY
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	NK ASPHALT PARTNERS
		
	By:	 	Navajo Western Asphalt Company, partner
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
		
	By:	 	Holly Western Asphalt Company, partner
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLY REALTY, LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HOLLYMARKS, LLC
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer
	
	HRM REALTY, L.L.C.
		
	By:	 	 /s/ Stephen D. Wise

		 	Name:	 	Stephen D. Wise
		 	Title:	 	Vice President and Treasurer



  
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	TRUSTEE:
	
	 U.S. BANK TRUST NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	 /s/ Steven A. Finklea

		 	Name:	 	Steven A. Finklea, CCTS
		 	Title:	 	Vice President



  
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