Document:

Instrument of Resignation, Appointment and Acceptance

 Exhibit 4.30 
 INSTRUMENT OF RESIGNATION, 
 APPOINTMENT AND ACCEPTANCE 
 INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE (this “Agreement”) entered into as of June 30, 2008 among NuStar Pipeline
Operating Partnership L.P. (formerly known as Kaneb Pipe Line Operating Partnership, L.P.), a Delaware limited partnership (the “Partnership”), NuStar Energy L.P. (formerly known as Valero L.P.), a Delaware limited partnership
(“NuStar”), NuStar Logistics, L.P. (formerly known as Valero Logistics Operations, L.P.), a Delaware limited partnership (“Logistics” and, together with NuStar, “Affiliate Guarantors”), The Bank of
New York Trust Company, N.A., as successor trustee to JPMorgan Chase Bank, National Association, a national banking association (the “Resigning Trustee”) and Wells Fargo Bank, National Association, a national banking
association organized and existing under the laws of the United States of America (the “Successor Trustee”). 
 W
I T N E S S E T H 
 WHEREAS, the Partnership and Resigning Trustee have
entered into the Indenture, dated as of February 21, 2002 (the “Original Indenture”), as amended and supplemented by (i) the First Supplemental Indenture thereto dated as of February 21, 2002 (the “First
Supplemental Indenture”), (ii) the Second Supplemental Indenture thereto dated as of August 9, 2002 and effective as of April 4, 2002 (the “Second Supplemental Indenture”), (iii) the Third Supplemental
Indenture thereto dated and effective as of May 16, 2003 (the “Third Supplemental Indenture”), (iv) the Fourth Supplemental Indenture thereto dated as of May 27, 2003 (the “Fourth Supplemental
Indenture”), and (v) the Fifth Supplemental Indenture thereto dated as of July 1, 2005 among the Partnership, the Affiliate Guarantors and Resigning Trustee (the “Fifth Supplemental Indenture”) (the Original
Indenture, as supplemented from time to time, including without limitation pursuant to the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, and the Fifth
Supplemental Indenture, the “Indenture”), which provides for the issuance of the Partnership’s securities, the outstanding series of which are set forth on Exhibit A hereto (collectively, the “Debt
Securities”); and 
 WHEREAS, Resigning Trustee has been acting as Trustee under the Indenture with respect to all Securities; and

 WHEREAS, Section 7.08 of the Indenture provides that Resigning Trustee may resign with respect to the Debt Securities at any time by
giving notice thereof to the Partnership; and 
 WHEREAS, Section 7.08 of the Indenture provides that the Partnership shall promptly
appoint a successor Trustee to fill a vacancy in the office of Trustee under the Indenture; and 
 WHEREAS, Section 7.08 of the
Indenture provides that any successor Trustee appointed in accordance with the Indenture shall execute, acknowledge and deliver to the Partnership and the retiring Trustee an instrument accepting such appointment under the Indenture, and thereupon
the resignation of the retiring Trustee shall become effective and such successor Trustee shall become vested with all rights, powers, trusts and duties of the retiring Trustee under the Indenture; and 

 WHEREAS, the Partnership wishes to appoint Successor Trustee as successor Trustee under the Indenture to
succeed Resigning Trustee in such capacities; and 
 WHEREAS, Successor Trustee is willing to accept such appointment as successor Trustee,
Security Registrar and Paying Agent under the Indenture on the terms and conditions set forth herein and under the Indenture; and 
 WHEREAS,
Successor Trustee is eligible to act as successor Trustee under the Indenture; 
 NOW, THEREFORE, pursuant to the provisions of the Indenture
and in consideration of the covenants herein contained, it is agreed among the Partnership, the Affiliate Guarantors, Resigning Trustee and Successor Trustee as follows: 
 1. Pursuant to Section 7.08 of the Indenture, Resigning Trustee hereby resigns as Trustee under the Indenture with respect to all Debt Securities. 
 2. Resigning Trustee hereby assigns, transfers, delivers and confirms to Successor Trustee all rights, powers, duties, trusts and obligations of the
Trustee under the Indenture with respect to all Debt Securities. 
 3. Resigning Trustee represents and warrants to Successor Trustee that
Resigning Trustee will promptly deliver the original Debt Securities to Successor Trustee, and will, upon Successor Trustee’s request, use reasonable commercial efforts to make available to Successor Trustee such originals, if available, or
copies of material documentation relating to the Indenture, its administration and status as are available on Resigning Trustee’s electronic document imaging system or are in the possession of the relationship manager of the Resigning Trustee
responsible for this matter, but only to the extent that such documentation is not otherwise available to Successor Trustee from the Partnership, Depositary Trust Corporation or from public sources. 
 4. The Partnership hereby accepts the resignation of Resigning Trustee as Trustee with respect to all Debt Securities under the Indenture. Pursuant to
the authority vested in it by Section 7.08 of the Indenture, the Partnership hereby appoints Successor Trustee as successor Trustee under the Indenture with respect to all Debt Securities, with all the rights, powers, trusts and duties
heretofore vested in Resigning Trustee under the Indenture. 
 5. The Partnership represents and warrants to Resigning Trustee and Successor
Trustee that: 
 (a) it is validly organized and existing under the laws of the state of its formation; 
 (b) the Debt Securities were validly and lawfully issued; 

 (c) it has performed or fulfilled each covenant, agreement and condition on its part to be performed or
fulfilled under the Indenture; 
 (d) no default or Event of Default or any event which upon notice or lapse of time or both would become and
Event of Default under the Indenture has occurred and is continuing; 
 (e) it has not appointed any Security Registrar or Paying Agent under
the Indenture other than Resigning Trustee; and 
 (f) it will continue to perform the obligations undertaken by it under the Indenture.

 6. Successor Trustee represents and warrants to Resigning Trustee and the Partnership that it is qualified and eligible to act as Trustee
under Article VII of the Indenture. 
 7. Successor Trustee hereby accepts its appointment as successor Trustee with respect to all Debt
Securities, Securities Registrar and Paying Agent under the Indenture, and accepts the obligations created thereby, and assumes all rights, powers, duties and obligations of the Trustee, Securities Registrar and Paying Agent under the Indenture.
Successor Trustee will perform said obligations and will exercise said rights, powers, duties and obligations upon the terms and conditions set forth in the Indenture. 
 8. Successor Trustee hereby accepts the designation of its Corporate Trust Office as the office or agency of the Partnership in Dallas, Texas where the Debt Securities may be presented for payment or registration of
transfer. 
 9. Promptly after the execution and delivery of this Agreement, the Successor Trustee will mail or cause to be mailed to each
holder of the Debt Securities a Notice of Succession of Trustee, a form of which is attached hereto as Exhibit B in accordance with Section 7.08 of the Indenture. 
 10. Pursuant to the written request of Successor Trustee and the Partnership hereby made, Resigning Trustee, upon payment of its outstanding charges,
confirms, assigns, transfers and sets over to Successor Trustee, as successor Trustee under the Indenture, upon the obligations expressed in the Indenture, any and all property and money and all the rights, powers, trusts, duties and obligations
which Resigning Trustee now holds under and by virtue of the Indenture. 
 11. The Partnership and Resigning Trustee hereby agree, upon the
request of Successor Trustee, to execute, acknowledge and deliver such further instruments of conveyance and assurance and to do such other things as may be reasonably required for more fully and certainly vesting and confirming in Successor Trustee
all of the applicable rights, powers and trusts of Resigning Trustee as Trustee under the Indenture. 
 12. Capitalized terms not otherwise
defined in this Agreement shall have the definitions given thereto in the Indenture. 

 13. This Agreement shall be governed by and construed in accordance with the laws of the State of
New York. 
 14. In case any provision in this Agreement shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 15. This Agreement may be simultaneously
executed in any number of counterparts. Each such counterpart so executed shall be deemed to be an original, but all together shall constitute but one and the same instrument. 
 16. This Agreement and the resignation, appointment and acceptance effected hereby shall be effective as of the close of business on the date first above
written, upon the execution and delivery hereof by each of the parties hereto, and any and all payments required to be made by the Trustee under the Indenture shall be made by Successor Trustee following such effectiveness. 
 17. Notwithstanding the resignation of Resigning Trustee effected hereby, the Partnership shall remain obligated under Section 7.08 of the Indenture
to compensate, reimburse and indemnify Resigning Trustee in connection with its prior trusteeship under the Indenture. The Partnership also acknowledges and reaffirms its obligations to Successor Trustee as set forth in Section 7.06 of the
Indenture, which obligations shall survive the execution hereof. 
 18. All notices, whether faxed or mailed, will be deemed received when
sent pursuant to the following instructions: 
 TO RESIGNING TRUSTEE: 
 The Bank of New York Trust Company, N.A. 
 601 Travis Street, 18th
 Floor 
 Houston, Texas 77002 
 Tel: 713-483-6563 
 Fax: 713-483-7038 
 Attn: Julie Hoffman-Ramos 
 TO SUCCESSOR TRUSTEE: 
 Wells
Fargo Bank, National Association 
 1445 Ross Avenue –
2nd Floor 
 Corporate
Trust Services 
 Dallas, Texas 75202-2812 
 Fax: 214-777-4086 
 Tel: 214-740-1573 
 Attn: Patrick Giordano- Vice President 

 TO THE PARTNERSHIP: 
 Amy L. Perry 
 Assistant General Counsel 
 NuStar Energy L.P. 
 2330 North Loop 1604 West 
 San Antonio, Texas 78248 
 Fax: (210) 918-5469 
 Tel: (210) 918-2512 
 [remainder of page intentionally blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Instrument of Resignation, Appointment and
Acceptance to be duly executed as of the day and year first above written. 
  

					
	 NUSTAR PIPELINE OPERATING
 PARTNERSHIP L.P.

	By:	 	NuStar Pipeline Company, LLC, its general partner
		
	By:	 	 /s/ Steven A. Blank

	Name:	 	Steven A. Blank
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	NUSTAR ENERGY L.P.
	By:	 	Riverwalk Logistics, L.P., its general partner
		 	By:	 	NuStar GP, LLC, its general partner
		
	By:	 	 /s/ Steven A. Blank

	Name:	 	Steven A. Blank
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	NUSTAR LOGISTICS, L.P.
	By:	 	NuStar GP, Inc., its general partner
		
	By:	 	 /s/ Steven A. Blank

	Name:	 	Steven A. Blank
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	The BANK OF NEW YORK TRUST COMPANY, N.A., as Resigning Trustee
		
	By:	 	 /s/ Julie Hoffman-Ramos

	Name:	 	Julie Hoffman-Ramos
	Title:	 	Assistant Treasurer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Successor Trustee
		
	By:	 	 /s/ Patrick Giordano

	Name:	 	Patrick Giordano
	Title:	 	Vice President

 EXHIBIT A 
 CHART OF OUTSTANDING DEBT SECURITIES 
  

						
	 ISSUE
	  	OUTSTANDING
PRINCIPAL
AMOUNT	  	CUSIP #
	 7.75% Senior Unsecured Notes due 2012
	  	$	250,000,000	  	484168AA7
	 5.875% Senior Unsecured Notes due 2013
	  	$	250,000,000	  	484168AC3

 EXHIBIT B 
 NOTICE OF SUCCESSION OF TRUSTEE 
 To the Holders of NuStar Pipeline Operating Partnership L.P.’s
(the “Partnership”) 
  

			
	 ISSUE
	  	CUSIP #
	 7.75% Senior Unsecured Notes due 2012
	  	484168AA7
	 5.875% Senior Unsecured Notes due 2013
	  	484168AC3

 (collectively, the “Debt Securities”) 
 NOTICE IS HEREBY GIVEN that, pursuant to Section 7.08 of the Indenture, dated as of February 21, 2002 (the “Original
Indenture”), as amended and supplemented by (i) the First Supplemental Indenture thereto dated as of February 21, 2002 (the “First Supplemental Indenture”), (ii) the Second Supplemental Indenture thereto
dated as of August 9, 2002 and effective as of April 4, 2002 (the “Second Supplemental Indenture”), (iii) the Third Supplemental Indenture thereto dated and effective as of May 16, 2003 (the “Third
Supplemental Indenture”), (iv) the Fourth Supplemental Indenture thereto dated as of May 27, 2003 (the “Fourth Supplemental Indenture”), and (v) the Fifth Supplemental Indenture thereto dated as of
July 1, 2005 (the “Fifth Supplemental Indenture”) (the Original Indenture, as supplemented from time to time, including without limitation pursuant to the First Supplemental Indenture, the Second Supplemental Indenture, the Third
Supplemental Indenture, the Fourth Supplemental Indenture, and the Fifth Supplemental Indenture, the “Indenture”), under which the above mentioned Debt Securities were issued, The Bank of New York Trust Company, N.A., as successor
to JPMorgan Chase Bank, National Association, a national banking association, has resigned as Trustee. 
 NOTICE IS HEREBY FURTHER GIVEN that
pursuant to Section 7.08 of the Indenture, the Partnership has appointed Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as successor Trustee under
the Indenture. Wells Fargo Bank, National Association has, pursuant to Section 7.08 of the Indenture, accepted such appointment, effective as of June 30, 2008. The address of the Corporate Trust Office of Wells Fargo Bank, National
Association is 1445 Ross Avenue-2nd Floor Dallas, Texas 75202-2812, Attn: Corporate Trust Services. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Dated:             , 2008Nustar GP, LLC Excess Pension Plan

 Exhibit 10.15 
 NUSTAR EXCESS PENSION PLAN 
 As Amended and Restated Effective as of January 1, 2008 

 NUSTAR 
 EXCESS PENSION PLAN 
 Table of Contents 
  

					
	 	  	 	  	Page
	SECTION 1.	  	DEFINITIONS	  	3
			
	SECTION 2.	  	PARTICIPATION - §415(b) BENEFIT PLAN COMPONENT	  	5
			
	SECTION 3.	  	PARTICIPATION - §401(a)(17) BENEFIT PLAN COMPONENT	  	6
			
	SECTION 4.	  	VESTING; AMOUNT OF BENEFIT	  	7
			
	SECTION 5.	  	PROVISIONS REGARDING PAYMENT OF BENEFITS	  	8
			
	SECTION 6.	  	DEATH BENEFIT	  	9
			
	SECTION 7.	  	CHANGE IN CONTROL	  	9
			
	SECTION 8.	  	ADMINISTRATION	  	10
			
	SECTION 9.	  	AMENDMENT AND TERMINATION	  	10
			
	SECTION 10.	  	MISCELLANEOUS	  	11

 NUSTAR EXCESS PENSION PLAN 
 The NuStar Excess Pension Plan, formerly known as the Valero GP, LLC Excess Pension Plan (hereinafter referred to as the “Excess Pension Plan”
or the “Plan”), was established effective as of July 1, 2006 (“Effective Date”), and is hereby amended and restated effective as of January 1, 2008. The primary purpose of the Plan is to provide benefits to those
employees of NuStar GP, LLC (the “Company”) and its participating affiliates whose benefits under the NuStar Pension Plan (the “Pension Plan”) and the Valero Energy Corporation Pension Plan (“VEC Pension Plan”) are
subject to limitations under the Internal Revenue Code of 1986, as amended (the “Code”), or are otherwise indirectly constrained by the Code from realizing the maximum benefit available to them under the terms of the Pension Plan and the
VEC Pension Plan. 
 The Excess Pension Plan is an “excess benefit plan” as defined under §3(36) of The Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), for those benefits provided in excess of Section 415 of the Code. Benefits provided as a result of other statutory limitations are limited to a select group of management or other
highly compensated employees. The Excess Pension Plan is not intended to constitute either a qualified plan under the provisions of Section 401 of the Code or a funded plan subject to the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”). 
 The Plan was established in connection with a spin-off from the Valero Energy Corporation Excess Pension
Plan (“VEC Excess Pension Plan”) of the benefit liabilities accrued under the VEC Excess Pension Plan as of the Effective Date with respect to eligible Employees of the Company. In this connection, it is the intent of the Company that this
Plan not constitute a new nonqualified deferred compensation plan, but rather merely the assumption and continuation 

  

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of the VEC Excess Pension Plan, effective as of July 1, 2006, with respect to Eligible Former VEC Employees who accrued a benefit under the VEC Excess
Pension Plan, and to provide benefits described therein to other Employees who became Participants hereunder after such spin-off. 
 The
Company established the Pension Plan, effective as of July 1, 2006, to provide defined benefit pension benefits to eligible Employees of the Company, with respect to future service. Effective as of July 1, 2006, Employees of the Company
ceased accruing additional benefits under the VEC Pension Plan and the VEC Excess Pension Plan. It is the intent of the Company that this Plan shall assume the liabilities of the VEC Excess Pension Plan with respect to all Eligible Former VEC
Employees, and shall provide a single, nonqualified excess defined benefit for such Employees for their pre-July 1, 2006 benefit accruals under the VEC Excess Pension Plan and their post-July 1, 2006 benefit accruals under this Plan and
that this Plan and the Company shall be solely liable for all benefits due such Eligible Former VEC Employees under this Plan and the VEC Excess Pension Plan. 
  

 2 

 SECTION 1. DEFINITIONS. 
 All defined terms used in the Pension Plan and the VEC Pension Plan, as the case may be, shall have the same meanings for purposes of this Plan except as otherwise provided below. 
  

	1.1	“Basic Plan Benefit” shall mean the sum of the monthly benefits payable from the Pension Plan and the VEC Pension Plan which: 

  

	 	1.1.1	In the case of an unmarried Participant, is based upon the lifetime annuities payable to such Participant pursuant to the relevant provisions of the Pension Plan and of the VEC
Pension Plan; or, 

  

	 	1.1.2	In the case of a married Participant, is based upon the joint and survivor pensions of Equivalent Actuarial Value to the pensions otherwise payable to such Participant for life
pursuant to the relevant provisions of the Pension Plan and of the VEC Pension Plan after reduction to reflect the number of months (if any) during which a pre-retirement spouse’s benefit election has been in effect. 

 

	1.2	“Change in Control” shall mean the occurrence of one or more of the following events: 

  

	 	1.2.1	Any one person or more than one person acting as a group (a “Group”) shall acquire (whether in one or more transactions) ownership of interests in the Company that,
together with interests held by such person or Group, constitutes more than 50% of the total fair market value or total voting power of all interests, of the Company; or 

  

	 	1.2.2	any one person or Group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or Group) ownership interests in the
Company representing 30% or more of the total voting power of all such interests in the Company; or 

  

	 	1.2.3	a majority of the members of the governing body of the Company is replaced during any 12-month period by members whose appointment or election is not endorsed by a majority of the
members of the governing body of the Company prior to the date of appointment or election; or 

  

	 	1.2.4	any one person or Group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or Group) assets from the Company that
have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. 

 The provisions of this Plan relating to a Change in Control shall be interpreted and administered in a manner consistent with Code section 409A and the
regulations and additional guidance thereunder. 
  

 3 

	1.3	“Code” shall mean the Internal Revenue Code of 1986, as amended. 

  

	1.4	“Committee” shall mean the Benefit Plans Administrative Committee designated by the Board of Directors of the Company. 

  

	1.5	“Company” shall mean NuStar GP, LLC or any successor by merger, purchase or otherwise. 

  

	1.6	“Considered Compensation” shall mean “Considered Compensation” as such term is defined in the Pension Plan or the VEC Pension Plan, as the case may be, but
determined without regard to the Compensation Limit. 

  

	1.7	“Compensation Limit” shall mean the maximum annual compensation allowed to be taken into account by the Pension Plan for any Plan Year pursuant to the provisions of
§401(a)(17) of the Code or any successor provision thereto. 

  

	1.8	“Credited Service” shall mean the sum of the Credited Service earned by a Participant under the Pension Plan and the VEC Pension Plan, except that Credited Service shall
not include any period for which a Participant has received a payment, or is receiving payments, under this Plan, the SERP, the VEC Excess Pension Plan or the VEC SERP. 

  

	1.9	“Eligible Former VEC Employees” shall mean an individual who: (a) became an Employee hereunder on or before December 31, 2008; (b) becomes a Participant
hereunder; (c) was employed by VEC, or an affiliate of VEC, at any time from and after July 1, 2005; and (d) participated in the VEC Pension Plan. 

  

	1.10	“Employee” shall mean any individual who is characterized in the internal payroll records of the Company as an employee. 

  

	1.11	“Equivalent Actuarial Value” shall mean equality in value of the aggregate amounts expected to be received under different forms of payment based on the same mortality and
interest rate assumptions. For this purpose, the mortality and interest rate assumptions used in computing benefits under the Pension Plan will be used. 

  

	1.12	“Excess Pension Plan” or “Plan” shall mean the NuStar Excess Pension Plan, as set forth herein, and as amended from time to time. 

  

	1.13	“Final Average Salary” shall have the meaning given to such term in the Pension Plan and the VEC Pension Plan, respectively, but determined without regard to the
Compensation Limit, and including any amounts that would otherwise be excluded from such calculation because of being contributed to a Plan of Deferred Compensation. 

  

	1.14	“Participant” means an Employee who is a participant in this Excess Pension Plan. 

  

	1.15	“Pension Plan” shall mean the NuStar Pension Plan, as amended from time to time. 

  

	1.16	“Plan of Deferred Compensation” shall mean any non-qualified deferred compensation plan or arrangement, any Code section 125 cafeteria plan, or any Code
section 401(k) cash or deferred arrangement maintained by the Company. 

  

 4 

	1.17	“SERP” shall mean the NuStar Supplemental Executive Retirement Plan, as amended from time to time, and any successor plan. 

  

	1.18	“Separation from Service” shall mean a separation from service as defined in Code section 409A and the regulations and rulings issued thereunder. 

 

	1.19	“Surviving Spouse” shall mean the spouse of a Participant who is eligible to receive a surviving spouse benefit under the Pension Plan or the VEC Pension Plan, as the case
may be. 

  

	1.20	“Trust” shall mean the trust, if any, established by the Company to fund its obligations hereunder. 

  

	1.21	“VEC” or “Valero” shall mean Valero Energy Corporation, and any successor entity. 

  

	1.22	“VEC Excess Pension Plan” shall mean the Valero Energy Corporation Excess Pension Plan, as amended from time to time, and any successor plan. 

  

	1.23	“VEC Pension Plan” shall mean the Valero Energy Corporation Pension Plan, as amended from time to time, and any successor plan. 

  

	1.24	“VEC SERP” shall mean the Valero Energy Corporation Supplemental Executive Retirement Plan, as amended from time to time, and any successor plan. 

SECTION 2. PARTICIPATION—§415(b) BENEFIT PLAN COMPONENT. 
  

	2.1	Conditions of Eligibility and Participation. 

  

	 	(a)	Except as otherwise provided herein, each Employee whose benefit under the Pension Plan or the VEC Pension Plan would exceed the annual addition limitations of Code section 415(b)
but for the limitations provided in the Pension Plan or VEC Pension Plan, as the case may be, shall become a Participant in the §415(b) benefit plan component of the Plan on the later of the date such excess benefit is accrued or the effective
date of the Plan. 

  

	 	(b)	Notwithstanding paragraph 2.1(a) above, any Employee who is covered under a collective bargaining agreement and whose benefits are the subject of good faith bargaining shall not be
eligible to participate in the §415(b) benefit plan component of the Plan, except to the extent such collective bargaining agreement expressly provides for participation in this Plan. 

  

	 	(c)	Additionally, any Employee who is a participant in the SERP or any other plan designed to provide a similar benefit with respect to Code section 415(b), shall not be eligible to
participate in the §415(b) benefit plan component of the Excess Pension Plan. 

  

 5 

	2.2	Forfeiture. 

 Notwithstanding anything herein to the
contrary, if a Participant who is receiving, or may be entitled to receive, a benefit hereunder is discharged for cause or performs acts of willful malfeasance or gross negligence in a matter of material importance to the Company (all as determined
by the Committee in its sole discretion), payments thereafter payable hereunder to such Participant or such Participant’s Surviving Spouse will, at the discretion of the Committee, be forfeited, and the Company will have no further obligation
hereunder to such Participant or to such Participant’s Surviving Spouse. The determination of the nature of a Participant’s discharge shall, for purposes of this Plan, be made by the Committee in its sole and absolute discretion, and such
determination shall be final and binding upon all parties. 
 Additionally, if a Participant becomes eligible for a benefit under the SERP,
such Participant shall forfeit any right to receive a benefit under this Excess Pension Plan. Under no circumstances will an individual be eligible for a benefit under both the SERP and this Excess Pension Plan. 
 SECTION 3. PARTICIPATION—§401(a)(17) BENEFIT PLAN COMPONENT. 
  

	3.1	Conditions of Eligibility and Participation. 

  

	 	(a)	Except as otherwise provided herein, each Employee who is actively participating in the Pension Plan and whose Considered Compensation exceeds the Compensation Limit, shall become a
Participant in the § 401(a)(17) benefit plan component of the Plan as of the first date of such excess Considered Compensation. 

  

	 	(b)	Notwithstanding any other provision of this Plan, any Employee who is covered under a collective bargaining agreement and whose benefits are the subject of good faith bargaining
shall not be eligible to participate in the §401(a)(17) benefit plan component of the Plan, except to the extent such collective bargaining agreement expressly provides for participation in this Plan. 

  

	 	(c)	Additionally, any Employee who is a Participant in the SERP or any other plan designed to provide a similar benefit with respect to earnings in excess of the Compensation Limit,
shall not be eligible to participate in the §401(a)(17) benefit plan component of the Plan. 

  

	3.2	Forfeiture. 

 Notwithstanding anything herein to the
contrary, if a Participant who is receiving, or may be entitled to receive, a benefit hereunder is discharged for cause or performs acts of willful malfeasance or gross negligence in a matter of material importance to the Company (all as determined
by the Committee in its sole discretion), payments thereafter payable hereunder to such Participant or such Participant’s Surviving Spouse will, at the discretion of the Committee, be forfeited, and the Company will have no further obligation
hereunder to such Participant or to such Participant’s Surviving Spouse. The 

  

 6 

 
determination of the nature of a Participant’s discharge shall, for purposes of this Plan, be made by the Committee in its sole and absolute discretion,
and such determination shall be final and binding upon all parties. 
 Additionally, if a Participant becomes eligible for a benefit under the
SERP, such Participant shall forfeit any right to receive a benefit under this Excess Pension Plan. Under no circumstances will an individual be eligible for a benefit under both the SERP and this Excess Pension Plan. 
 SECTION 4. VESTING; AMOUNT OF BENEFIT. 
  

	4.1	Vesting. 

 Except as otherwise provided herein, a
Participant’s Excess Pension Plan benefit shall vest pursuant to the following vesting schedule: 
  

				
	 Participant’s Years of
 Credited Service
	  	Vested Percentage	 
	 Less than 5
	  	0	%
	 5 or more
	  	100	%

  

	4.2	Benefit Formula. 

 Subject to the provisions of
Sections 4.3, 4.4 and 4.5, the amount of the benefit payable under the Excess Pension Plan shall be equal to “Amount 1” less “Amount 2” as identified below. 
 Amount 1 and Amount 2 are as follows: 
 Amount 1 — is equal to 1.6 percent of the Participant’s Final Average Salary multiplied by his number of years of Credited Service. 
 Amount 2 — is equal to his/her Pension Plan benefit and (for Eligible Former VEC Employees whose benefit liabilities under the VEC Excess Pension Plan were assumed under this Plan in connection with the
spin-off from the VEC Excess Pension Plan to this Plan) his/her VEC Pension Plan benefit. 
 The Excess Pension Plan benefits payable
hereunder shall be calculated as the Participant’s Accrued Benefit payable at his/her Normal Retirement Date, determined as if the Participant commenced payment of the Participant’s Pension Plan benefit and, if applicable, VEC Pension Plan
benefit at the same time as benefits are payable hereunder (even if the Participant had previously commenced his/her Pension Plan benefit and/or VEC Pension Plan benefit, or receives his/her Pension Plan benefit and/or VEC Pension Plan benefit at a
later date), and shall not be recalculated or re-determined at such time as the Participant actually commences payment of his Pension Plan benefit and/or VEC Pension Plan benefit. 
  

 7 

	4.3	Actuarial Adjustments. 

 The benefit payable under
the Excess Pension Plan, as determined in this Section 4, shall be reduced by the Equivalent Actuarial Value increase in the amount of the Pension Plan benefit and/or the VEC Pension Plan benefit as the result of increases in the amount of
maximum benefits payable from qualified plans in accordance with Code Section 415 as and to the extent permitted under Code Section 409A and the regulations and other guidance issued thereunder. 
  

	4.4	Early Retirement. 

 If a Participant’s Excess
Pension Plan benefit is payable prior to his/her Normal Retirement Date, the benefit payable to such Participant shall be subject to adjustment in accordance with the early retirement adjustment factors set forth in the Pension Plan. 
  

	4.5	Modifications. 

 The Committee shall have the right
to modify the calculation of Amount 1, identified in Section 4.2, as to any Participant as it may desire from time to time; provided, however, that any such modification shall not result in a reduction of Amount 1 below the basic
level provided in Section 4.2, and shall not affect the timing of the payment, or the form, of benefits hereunder. 
 SECTION 5. PROVISIONS
REGARDING PAYMENT OF BENEFITS. 
  

	5.1	Form and Time of Payment. 

 Except as otherwise
expressly set forth herein, effective as of January 1, 2008, a Participant’s vested Excess Pension Plan benefit shall be paid to the Participant in a single lump sum payment (i.e., the single sum payment of the monthly life annuity
payable at Normal Retirement Date) as soon as administratively practical following the Participant’s Separation from Service and, in any event, within 90 days thereafter. Such lump sum amount shall be calculated as of the Participant’s
Separation from Service by the actuary of the Pension Plan applying actuarial factors used under the Pension Plan. Additionally, in the event that a Participant incurred a Separation from Service prior to January 1, 2008, and: (a) had not
commenced the receipt of benefit payments hereunder, or had commenced the receipt of benefit payments hereunder in a form other than a lump sum payment, such Participant’s benefits (or remaining benefits as the case may be) hereunder shall be
paid to the Participant in a lump sum payment (i.e., the single sum payment of the monthly life annuity payable at Normal Retirement Date) on, or as soon as reasonably practical after, January 31, 2008, and in any event within ninety
(90) days after such date. 
  

	5.2	Delay of Certain Payments. 

 With respect to any
Participant who is a “specified employee”, as defined in Code Section 409A and the regulations and rulings issued thereunder, any benefit that becomes payable by reason of such Participant’s Separation from Service shall not
commence 

  

 8 

 
prior to the date that is six (6) months following such Participant’s Separation from Service, or if earlier, the date of the Participant’s
death (except to the extent that the payment of such benefit is not subject to Code Section 409A, or is subject to an exception to such delay in payment). Such delayed payment shall be made in a single lump sum payment (i.e., the single
sum payment of the monthly life annuity payable at Normal Retirement Date) as soon as reasonably practical following the expiration of such 6-month delay period (and, in any event, within 90 days of such expiration date), and shall be calculated as
of the Participant’s Separation from Service by the actuary for the Pension Plan applying actuarial factors used under the Pension Plan. The provisions of this Section 5.2 shall not apply: (a) with respect to any benefit that becomes
payable as the result of a reason other than the Participant’s Separation from Service; or (b) if, at the time of such Participant’s Separation from Service, no equity of the Company is publicly traded on an established securities
market or otherwise. 
  

	5.3	Application of Code Section 409A Transaction Relief Provisions. 

 Notwithstanding any other provision of this Plan, between January 1, 2005 and December 31, 2008, the Plan was administered in compliance with applicable transition relief provided by the U.S. Treasury
Department and/or the Internal Revenue Service under applicable guidance, including Notice 2005-1, the Temporary Regulations issued under Code Section 409A, Notice 2007-78, and Notice 2007-86. 
 SECTION 6. DEATH BENEFIT. 
  

	6.1	Death Benefit. 

 In the event that a Participant
with a vested, accrued benefit hereunder dies while in the employ of the Company and prior to the payment of his/her benefit, the Surviving Spouse of such Participant, or (if the Participant is not married at the time of his/her death) the
Beneficiary designated by the Participant under the Pension Plan, shall be entitled to receive a death benefit hereunder. The amount of such death benefit shall equal: (a) the preretirement death benefit as calculated under the Pension Plan
without regard to the annual addition limitations of Code section 415 or the Compensation Limit, less (b) the preretirement death benefit payable under the Pension Plan. Such death benefit shall be paid in the form of a single lump sum payment
(i.e., the single lump sum payment of the monthly life annuity payable at Normal Retirement Date) as soon as administratively practical following the Participant’s death, and, in any event within 90 days thereafter. The payment shall be
calculated by the actuary of the Pension Plan applying actuarial assumptions used under the Pension Plan. 
 SECTION 7. CHANGE IN CONTROL. 

  

	7.1	Effect of Change in Control. 

 Upon a Change in
Control, the benefits of all Participants hereunder shall immediately become fully vested. Additionally, the Committee may, within the period beginning thirty (30) days prior to the effective date of the Change in Control, and ending twelve
(12) months after the effective date of the Change in Control, make an irrevocable 

  

 9 

 
decision to terminate the Plan (and all deferred compensation plans maintained by the Company which must be aggregated with the Plan under Code section 409A)
and distribute all benefits to Participants. In the event of such termination following a Change in Control, the accrued benefits of each Participant (determined as of the date of Plan termination and calculated in the manner provided for in this
Plan) shall be distributed in the form of a lump sum payment within twelve (12) months following the termination of this Plan. In the absence of such Plan termination, a Change in Control shall not alter the time and manner of the payment of
benefits hereunder, and all benefits shall be paid at the time and in the manner as they would otherwise be paid in accordance with the provisions of this Plan. 
 SECTION 8. ADMINISTRATION. 
  

	8.1	Committee. 

 The Committee shall administer the
Excess Pension Plan. The Committee shall have the full authority and discretion to interpret, and to determine all questions arising in the administration, interpretation and application of the Excess Pension Plan. Any such determination by the
Committee shall be conclusive and binding on all persons, and shall not be subject to a de novo review. The Committee may delegate any administrative authority or responsibility to a subcommittee or to representatives of the Company.

  

	8.2	Claims. 

 A Participant, Beneficiary and any other
person who believes he is entitled to any benefit or right provided under the Plan shall have the right to file a written claim with the Committee in the same manner and governed by the same provisions as provided in the claims review provisions of
the Pension Plan. 
  

	8.3	Binding Arbitration. 

 Notwithstanding any other
provision of this Plan, any claims relating to or arising out of this Plan which are not resolved under the claims review procedure described in Section 8.2, shall be submitted to, and settled by, mandatory and final arbitration in accordance
with the Company’s dispute resolution program. 
 SECTION 9. AMENDMENT AND TERMINATION. 
  

	9.1	Amendment and Termination. 

 The Company reserves
the right, in its sole discretion, to terminate, suspend or amend the Plan, at any time or from time to time, in whole or in part for whatever reasons it may deem appropriate. However, no such termination, suspension or amendment shall result in the
acceleration of any benefit payment hereunder, nor shall any such termination, suspension or amendment alter, impair or void any Participant’s (or Beneficiary’s) right with respect to a benefit accrued under the Plan as of the date of such
termination, suspension or amendment, except such benefits as are voluntarily forfeited by a Participant or Beneficiary. In the event of termination of the Plan, all benefits accrued hereunder as of the date of such termination shall become fully
vested and non-forfeitable. 
  

 10 

 SECTION 10. MISCELLANEOUS. 
  

	10.1	No Employment Rights. 

 Nothing contained in this
Plan shall be construed as a contract of employment between the Company and an Employee, or as a right of any Employee to be continued in the employment of the Company or as a limitation of the right of the Company to discharge any Employee, with or
without cause. 
  

	10.2	Assignment. 

 To the maximum extent permitted by
law, no benefit under this Plan shall be assignable or in any manner subject to alienation, sale, transfer, hypothecation, claims of creditors, pledge, attachment or encumbrances of any kind. This provision shall not, however, effect the right of
the Committee, upon its determination that a judgment, decree or order relating to child support, alimony payments or marital property rights of the spouse, former spouse, child or other dependent of a Participant is a “Qualified Domestic
Relations Order” within the meaning of Code §414(p), to distribute or establish a separate subaccount of all or any portion of a Participant’s benefits under the Plan to or for the benefit of the beneficiary of the Qualified Domestic
Relations Order in a manner permitted under the Plan. 
  

	10.3	Withholding Taxes. 

 The Company shall have the
right to deduct from all payments made under this Plan any federal, state or local taxes required by law to be withheld with respect to such payments. However, any and all taxes payable with respect to any distribution or benefit hereunder shall be
the sole responsibility of the Participant, not of the Company or any Company, whether or not the Company or any Company shall have withheld or collected from the Participant any sums required to be so withheld or collected in respect thereof and
whether or not any sums so withheld or collected shall be sufficient to provide for any such taxes. Without limitation of the foregoing, and except as may otherwise be provided in any separate employment, severance or other agreement between the
Participant and any Company, the individual Participant or Surviving Spouse, as the case may be, shall be solely responsible for payment of any excise, income or other tax imposed (i) upon any payment hereunder which may be deemed to constitute
an “excess parachute payment” pursuant to Section 4999 of the Code, (ii) based upon a theory that any additional or excise tax is required under Code Section 409A, or (iii) based upon any theory of “constructive
receipt” of any lump-sum or other amount hereunder. 
  

	10.4	Rules and Regulations. 

 In addition to the
authority and discretion provided to the Committee elsewhere herein, the Committee may, from time to time, adopt rules and regulations to assist in the administration of the Plan. 
  

 11 

	10.5	Administration and Interpretation Consistent with Code Section 409A. 

 The Plan, as amended and restated, is intended to satisfy the requirements of Code section 409A and the rules and regulations issued thereunder, and shall be construed and interpreted consistent with such intent.

  

	10.6	Law Applicable. 

 The Plan is established under and
will be construed in accordance with and governed by the laws of the State of Texas. 
 [THE REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK]

  

 12 

 IN WITNESS WHEREOF, the Company has executed this
Plan on this 19th day of December, 2008, to be effective as of the 1st day of January, 2008. 
  

			
	NUSTAR GP, LLC
		
	By	 	 /s/ Steven A. Blank

  

 13

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