Document:

Form of Non-employee Director Restricted Unit Agreement

 Exhibit 10.02 
 Non-Employee Director 
 AWARD AGREEMENT 
 This non-employee director award agreement (the “ Agreement”), effective as of November __, 2007, is between NuStar GP Holdings, LLC
(the “Company”) and [insert name] (“Participant”). All capitalized terms contained in this Agreement shall have the same definitions as are set forth in the NuStar GP Holdings, LLC Long-Term Incentive
Plan, as amended (the “Plan”) unless otherwise defined herein. The Plan is incorporated herein by reference for all purposes. 
 The parties agree as follows: 
  

	1.	The Compensation Committee of the Board of Directors of the Company hereby grants to Participant [insert #] Restricted Units under the Plan, including UDRs.

  

	2.	The Restricted Units granted hereunder are subject to the following Restricted Periods, and will vest and accrue to Participant in the following increments: [insert 1/3 #]
Units on [first anniversary of original grant date]; [insert 1/3 #] Units on [second anniversary of original grant date]; and [insert 1/3 #] Units on [third anniversary of original grant date]. The restrictions
may terminate prior to the expiration of such period as set forth in the Plan. Upon vesting, for each Restricted Unit granted hereunder, the Participant will be entitled to receive an unrestricted Common Unit. 

  

	3.	UDRs with respect to the Restricted Units will be paid to you in cash as of each record payment date during the period such Restricted Units are outstanding.

  

	4.	Neither this Award nor any right under this Award may be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by you otherwise than by will or by the
laws of descent and distribution. 

  

	5.	The Company will withhold any taxes due from your compensation as required by law, which, in the sole discretion of the Compensation Committee, may include withholding a number of
Restricted Units otherwise payable to you. 

  

	6.	By accepting this Award, you hereby accept and agree to be bound by all of the terms, provisions, conditions, and limitations of the Plan and any subsequent amendment or amendments,
as if it had been set forth verbatim in this Award. 

  

	7.	By accepting this Award, you will become a Participant as of the effective date of this Award and, as such, you shall have no rights with respect to the Restricted Units or UDRs
granted hereunder except as are expressly conferred by the Plan and this Award. 

  

	8.	This Award shall be binding upon the parties hereto and their respective heirs, legal representatives, and successors. 

  

	9.	This Award is effective as of [insert original grant date]. 

  

	 10.
	 The issuance of Units under this Award shall be made on or as soon as reasonably practical following the applicable date
of vesting, but in any event no later than the 15th day of the third month following the end of the year in which the applicable date of vesting occurs.
With respect to the receipt of distributions, the payment of distributions shall be made by the last day of the fiscal quarter during which distributions on the Company’s Units are paid, but in any event by no later than the 15th day of the month following the end of the year in which the applicable distributions on the Company’s Units are paid. This Amended Agreement and the
Award evidenced hereby are intended to comply, and shall be administered consistently in all respects with Section 409A of the Internal Revenue Code and the regulations promulgated thereunder. If necessary in order to ensure such compliance,
this Agreement may be reformed consistent with guidance issued by the Internal Revenue Service. 

  

	11.	Participant agrees that in lieu of certificates representing the Restricted Units and any Units issuable in connection with their vesting may be issued in uncertificated form
pursuant to the Direct Registration Services of the Company’s transfer agent. 

  

									
		 		 	NUSTAR GP HOLDINGS, LLC
				
		 		 	By:	 	 
		 		 		 		 	Curtis V Anastasio
		 		 		 		 	President & Chief Executive Officer
	Accepted:	 		 	
				
	 	 		 		 	
	[insert name]Form of Unit Option Award Agreement

 Exhibit 10.03 
  

							
	 Notice of Grant of Unit Option
 and Unit Option Agreement
	  	NuStar GP Holdings, LLC
		
		  	ID: 85-0470977
		
		  	P. O. Box                 
		
		  	San Antonio, TX 782    
			
	«First_Name» «Middle_Name» «Last_Name»	  	Option Number:	  	«NUM»
			
	«EXTRA_FIELD_2»	  	Plan:	  	«PLAN_NAME»
			
	«EXTRA_FIELD_3»	  	ID:	  	«SSN»

  

 Effective «Option_Date», you have been granted an Option to buy «Shares_Granted» Units of NuStar GP Holdings, LLC at «Option_Price» per Unit. 
 The total Option price of the Units granted is «Total_Option_Price». 
 Your Options will vest on the dates shown below. 
  

									
	 Units
	  	Grant Date	  	Vest Type	  	Full Vest	  	Expiration
					
	 «Shares_Period_1»
	  	«Option_Date»	  	«Vest_Type_Period_1»	  	«Vest_Date_Period_1»	  	«Expiration_Date_Period_1»
					
	 «Shares_Period_2»
	  	«Option_Date»	  	«Vest_Type_Period_2»	  	«Vest_Date_Period_2»	  	«Expiration_Date_Period_2»
					
	 «Shares_Period_3»
	  	«Option_Date»	  	«Vest_Type_Period_3»	  	«Vest_Date_Period_3»	  	«Expiration_Date_Period_3»

 By your signature and the Company's signature below, you and the Company agree that the Option referenced above is
granted under and governed by the terms and conditions of the NuStar GP Holdings, LLC Amended and Restated Long-Term Incentive Plan, as amended, and the Unit Option Agreement attached hereto, all of which are made a part of this agreement.

  

  

									
	NUSTAR GP HOLDINGS, LLC	 		 		 	
					
	By:	 	/s/ Curtis V. Anastasio	 		 		 	«Option_Date»
	Curtis V. Anastasio	 		 		 	Date
	President & Chief Executive Officer	 		 		 	
				
	 	 		 		 	 
	«First_Name» «Middle_Name» «Last_Name»	 		 		 	Date
	Participant	 		 		 	

 Unit Option Agreement 
 THIS AGREEMENT is between NuStar GP Holdings, LLC, a Delaware limited liability company (the “Company”) and the person whose signature is set
forth on the signature page hereof (“Participant”). 
 RECITALS 
 WHEREAS, the Company has adopted the NuStar GP Holdings, LLC Amended and Restated Long-Term Incentive Plan (the “Plan”) which provides
for the grant of Options to certain Employees; and 
 WHEREAS, the Company wishes to grant to Participant an Option to purchase Units of the
Company on the terms and conditions specified herein; 
 NOW THEREFORE, the parties agree as follows (any capitalized terms used herein but
not defined herein shall have the respective meanings given in the Plan): 
 1.      Option 

a. Grant. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Participant an Option to purchase
all or any part of the Units set forth on the signature page hereof, at the exercise price set forth thereon. The Option is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code. 

b. Term. The term of the Option shall expire at 11:59 p.m. on the seventh anniversary of the Grant Date set forth on the signature page.

 2.      Exercise. Participant may, subject to the limitations of this Agreement and the Plan,
exercise all or any portion of the Option by following the applicable exercise provisions specifying the number of Units with respect to which the Option is being exercised and accompanied by payment of the exercise price for such Units. The method
or methods by which payment of the exercise price may be made will include any method acceptable to the Company and the Partnership at the time of exercise of the Option. 
 3.      Retirement, Death, Disability. If a Participant's employment is terminated because of retirement, death or disability, any Option held by the Participant shall remain
outstanding and vest or become exercisable according to the Option’s original terms. 
 4.      Limited
Interest. 
 a. The grant of the Option shall not be construed as giving Participant any interest other than as provided in this
Agreement. 
 b. Participant shall have no rights as a Unit holder as a result of the grant of the Option, until the Option is exercised, the
exercise price is paid, and the Units issued thereunder. 
 c. The grant of the Option shall not affect in any way the right or power of the
Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance
or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the Units or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale
or transfer of all or any part of its assets or business or any other act or proceeding of the Company, whether of a similar character or otherwise. 
 5.      Incorporation by Reference. The terms of the Plan, as amended, to the extent not stated herein are expressly incorporated herein by reference and in the event of any
conflict between this Agreement and the Plan, the Plan shall govern. 
  

 6.      Direct Registration. Participant agrees that in lieu of
stock certificates, any Units issuable in connection with the exercise of the Options may be issued in uncertificated form pursuant to the Direct Registration Service of the Company’s transfer agent.Form of Non-employee Director Restricted Unit Agreement

 Exhibit 10.02 
 Non-Employee Director 
 AWARD AGREEMENT 
 This Restricted Unit and distribution equivalent right award agreement (“Agreement”), effective as of the date set forth at the end of this
Agreement (“Grant Date”), is between NuStar GP, LLC (the “Company”) and [insert name] (“Participant”), a participant in the NuStar GP, LLC Second Amended and Restated 2000 Long-Term Incentive Plan, as
amended (the “Plan”). All capitalized terms contained in this Award shall have the same definitions as are set forth in the Plan unless otherwise defined herein. The terms of this grant are set forth below. 
  

	1.	The Compensation Committee of the Board of Directors of the Company hereby grants to Participant [insert #] Restricted Units under the Plan. A “Restricted Unit” is
a phantom unit which is equivalent in value to a common unit (“MLP Common Unit”) of Valero L.P. (the “MLP”). In addition, a Restricted Unit represents the right to receive, upon vesting as provided below, an MLP Common Unit.
Restricted Units are granted hereunder in tandem with an equal number of distribution equivalent rights (“DERs”). A DER is a right to receive an amount in cash from the Company or its designee equal to the distributions made by MLP with
respect to an MLP Common Unit during the period that ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to Section 6.2 (ii) of the Plan. 

  

	 2.
	 The Restricted Units granted hereunder are subject to the following Restricted Periods, and will vest and accrue to
Participant in the following increments: [insert 1/3 #] Units on [insert 1st anniversary of grant date]; [insert 1/3 #] Units on [insert 2nd anniversary of grant date]; and [insert 1/3
#]Units on [insert 3rd anniversary of grant date]. The restrictions may terminate prior to the
expiration of such period as set forth in the Plan. Upon vesting, for each Restricted Unit granted hereunder, the Participant will be entitled to receive an unrestricted Common Unit of NuStar Energy L.P.

  

	3.	DERs with respect to the Restricted Units will be paid to you in cash as of each record payment date during the period such Restricted Units are outstanding.

  

	4.	Neither this Award nor any right under this Award may be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by you otherwise than by will or by the
laws of descent and distribution. 

  

	5.	The Company will withhold any taxes due from your compensation as required by law, which, in the sole discretion of the Compensation Committee, may include withholding a number of
Restricted Units otherwise payable to you. 

  

	6.	By accepting this Award, you hereby accept and agree to be bound by all of the terms, provisions, conditions, and limitations of the Plan and any subsequent amendment or amendments,
as if it had been set forth verbatim in this Award. 

  

	7.	By accepting this Award, you will become a Participant as of the effective date of this Award and, as such, you shall have no rights with respect to the Restricted Units or DERs
granted hereunder except as are expressly conferred by the Plan and this Award. 

  

	8.	This Award shall be binding upon the parties hereto and their respective heirs, legal representatives, and successors. 

  

	9.	This Award is effective as of [insert grant date]. 

  

									
		 		 	NUSTAR GP, LLC
				
		 		 	By:	 	 
		 		 		 		 	Curtis V Anastasio
		 		 		 		 	President & Chief Executive Officer
	Accepted:	 		 	
				
	 	 		 		 	
	[insert name]	 		 		 	
		 		 		 		 	
	Date:

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