Document:

EX-10.2

 Exhibit 10.2 
  

 
 NINETEENTH AMENDED AND RESTATED
OMNIBUS AGREEMENT 
 among 

HOLLYFRONTIER CORPORATION, 

HOLLY ENERGY PARTNERS, L.P. 

and 
 CERTAIN OF THEIR
RESPECTIVE SUBSIDIARIES 
 June 1, 2018 

  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETATIONS
	  	 	3	 
			
	 1.1
	 	DEFINITIONS	  	 	3	 
	 1.2
	 	INTERPRETATION	  	 	3	 
		
	 ARTICLE II BUSINESS OPPORTUNITIES
	  	 	3	 
			
	 2.1
	 	RESTRICTED BUSINESSES	  	 	3	 
	 2.2
	 	PERMITTED EXCEPTIONS	  	 	3	 
	 2.3
	 	RIGHT OF OFFER	  	 	4	 
	 2.4
	 	PROCEDURE FOR OFFERING ACQUIRED OR CONSTRUCTED ASSETS TO HEP	  	 	5	 
	 2.5
	 	SCOPE OF PROHIBITION	  	 	6	 
	 2.6
	 	ENFORCEMENT	  	 	6	 
	 2.7
	 	LIMITATION ON ACQUISITIONS OF PERMITTED ASSETS BY HEP GROUP MEMBERS	  	 	6	 
	 2.8
	 	TERMINATION OF ARTICLE II	  	 	6	 
		
	 ARTICLE III INDEMNIFICATION
	  	 	6	 
			
	 3.1
	 	CONDITIONS OF INDEMNIFICATION BY THE HFC ENTITIES	  	 	6	 
	 3.2
	 	INDEMNIFICATION BY THE HFC ENTITIES	  	 	9	 
	 3.3
	 	CONDITIONS OF INDEMNIFICATION BY HEP ENTITIES	  	 	9	 
	 3.4
	 	INDEMNIFICATION BY HEP ENTITIES	  	 	9	 
	 3.5
	 	MUTUAL GENERAL INDEMNITY	  	 	9	 
	 3.6
	 	EXCLUSIONS FROM INDEMNITY FOR POST-CLOSING DATE CLAIMS	  	 	10	 
	 3.7
	 	INDEMNIFICATION PROCEDURES	  	 	10	 
	 3.8
	 	LIMITATION ON INDEMNIFICATION OBLIGATIONS	  	 	12	 
	 3.9
	 	WAIVER OF SUBROGATION	  	 	12	 
		
	 ARTICLE IV GENERAL AND ADMINISTRATIVE EXPENSES
	  	 	13	 
			
	 4.1
	 	GENERAL	  	 	13	 
		
	 ARTICLE V RIGHT OF FIRST REFUSAL
	  	 	14	 
			
	 5.1
	 	HFC RIGHT OF FIRST REFUSAL: PROHIBITION ON FURTHER TRANSFER OF TRANSFERRED
ASSETS	  	 	14	 
	 5.2
	 	PROCEDURES	  	 	14	 
		
	 ARTICLE VI HFC PURCHASE OPTION
	  	 	17	 
			
	 6.1
	 	OPTION TO PURCHASE TULSA TRANSFERRED ASSETS	  	 	17	 
		
	 ARTICLE VII API INSPECTIONS
	  	 	17	 
			
	 7.1
	 	API INSPECTIONS	  	 	17	 
		
	 ARTICLE VIII DISPUTE RESOLUTION
	  	 	18	 
			
	 8.1
	 	DISPUTE RESOLUTION	  	 	18	 
	 8.2
	 	ARBITRATION	  	 	18	 
	 8.3
	 	CONFLICT	  	 	19	 
		
	 ARTICLE IX FORCE MAJEURE
	  	 	19	 
			
	 9.1
	 	FORCE MAJEURE	  	 	19	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	20	 
			
	 10.1
	 	CHOICE OF LAW	  	 	20	 
	 10.2
	 	NOTICES	  	 	20	 
	 10.3
	 	ENTIRE AGREEMENT	  	 	21	 

  
 i 

							
	 10.4
	 	AMENDMENT OR MODIFICATION	  	 	21	 
	 10.5
	 	ASSIGNMENT	  	 	21	 
	 10.6
	 	COUNTERPARTS	  	 	21	 
	 10.7
	 	SEVERABILITY	  	 	21	 
	 10.8
	 	FURTHER ASSURANCES	  	 	21	 
	 10.9
	 	RIGHTS OF LIMITED PARTNERS	  	 	21	 
	 10.10
	 	HEADINGS	  	 	22	 
	 10.11
	 	LIMITATION OF DAMAGES	  	 	22	 
	 10.12
	 	NATURE OF THE RELATIONSHIP	  	 	22	 

 EXHIBITS 

Exhibit A - Omnibus Agreement Amendments 

Exhibit B - Definitions 

Exhibit C - Interpretation 

Exhibit D - Asset Indemnification Summary 

Exhibit E - Administrative Fee 

  
 ii 

 NINETEENTH AMENDED AND RESTATED 

OMNIBUS AGREEMENT 
 THIS
NINETEENTH AMENDED AND RESTATED OMNIBUS AGREEMENT (this “Agreement”) is being entered into on October 29, 2018 and effective as of June 1, 2018 (the “Effective Date”), by and among the following entities
(all Delaware limited liability companies unless otherwise noted): 
 HollyFrontier Corporation, a Delaware corporation (“HFC”), and its
Affiliates listed below (singularly, “HFC Entity”; and with HFC collectively, the “HFC Entities”): 

El Paso Operating LLC (“El Paso Operating”) 

HollyFrontier El Dorado Refining LLC (“HollyFrontier El Dorado”) 

HollyFrontier Cheyenne Refining LLC (“HollyFrontier Cheyenne”) 

HollyFrontier Tulsa Refining LLC (“HollyFrontier Tulsa”) 

HollyFrontier Woods Cross Refining LLC (“HollyFrontier Woods Cross”) 

Navajo Pipeline Co., L.P., a Delaware limited partnership (“Navajo Pipeline”) 

HollyFrontier Navajo Refining LLC (“HollyFrontier Navajo”) 

HollyFrontier Refining & Marketing LLC (“HFRM”) 

HollyFrontier Transportation LLC (“HollyFrontier Transportation”) 

AND 
 Holly Energy Partners, L.P., a
Delaware limited partnership (“HEP”), and its Affiliates listed below (singularly, “HEP Entity”; and with HEP collectively, the “HEP Entities”): 

Cheyenne Logistics LLC (“Cheyenne Logistics”) 

El Dorado Logistics LLC (“El Dorado Logistics”) 

El Dorado Operating LLC (“El Dorado Operating”) 

El Dorado Osage LLC (“El Dorado Osage”) 

Frontier Aspen LLC 

HEP El Dorado LLC (“HEP El Dorado”) 

HEP Logistics GP, L.L.C. (the “OLP GP”) 

HEP Logistics Holdings, L.P., a Delaware limited partnership (the “General Partner”) 

HEP Mountain Home, L.L.C. 

HEP Navajo Southern, L.P., a Delaware limited partnership 

HEP Oklahoma LLC 

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

  
 1 

 HEP Pipeline Assets, Limited Partnership, a Delaware limited partnership

 HEP Pipeline GP, L.L.C. 

HEP Pipeline, L.L.C. (“HEP Pipeline”) 

HEP Refining Assets, L.P., a Delaware limited partnership (“HEP Refining Assets”) 

HEP Refining GP, L.L.C. 

HEP Refining, L.L.C. (“HEP Refining”) 

HEP Tulsa LLC (“HEP Tulsa”) 

HEP UNEV Holdings LLC (“HEP UNEV”) 

HEP UNEV Pipeline LLC (“HEP UNEV Pipeline”) 

HEP Woods Cross, L.L.C. 

Holly Energy Partners – Operating, L.P., a Delaware limited partnership (the “Operating Partnership”)

 Holly Energy Storage – Lovington LLC 

Holly Logistic Services, L.L.C. (“Holly GP”), 

Lovington-Artesia, L.L.C. 

NWNAL LLC 

Roadrunner Pipeline, L.L.C. (“Roadrunner”) 

SLC Pipeline LLC 

Woods Cross Operating LLC (“Woods Cross Operating”) 

This Agreement amends and restates in its entirety the Eighteenth Amended and Restated Omnibus Agreement which was entered into on
January 19, 2018 and effective as of December 8, 2017, among certain of the HFC Entities and certain of the HEP Entities which were signatories thereto (the “Previous Amended and Restated Omnibus Agreement”). 

RECITALS: 
 WHEREAS, the
Parties entered into an Omnibus Agreement on July 13, 2004 (as amended, the “Original Omnibus Agreement”) to evidence their agreement with respect to various administrative, indemnity and other obligations, which agreement has
been further amended and restated as set forth on Exhibit A, resulting in the Previous Amended and Restated Omnibus Agreement. 

WHEREAS, the Parties desire to amend and restate the Previous Amended and Restated Omnibus Agreement as provided herein in order to, among
other things, consolidate terms from various other agreements between the parties and to clarify terms as more particularly set forth herein. 

AGREEMENT: 
 NOW,
THEREFORE, in consideration of the premises and the covenants, conditions and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as
follows: 

  
 2 

 ARTICLE I 

DEFINITIONS AND INTERPRETATIONS 

1.1 Definitions. Capitalized terms used throughout this Agreement and not otherwise defined herein shall have the meanings set
forth on Exhibit B. 
 1.2 Interpretation. Matters relating to the interpretation of this Agreement are set forth on Exhibit
C. 
 ARTICLE II 

BUSINESS OPPORTUNITIES 

2.1 Restricted Businesses. For so long as a HFC Group Member owns a controlling interest in the general partner of HEP, and except as
permitted by Section 2.2, Holly GP and each HFC Group Member shall be prohibited from engaging in or acquiring a controlling interest in or operating any business having assets or operations engaged in the Restricted
Businesses. 
 2.2 Permitted Exceptions. Notwithstanding any provision of Section 2.1 to the contrary,
Holly GP and the HFC Group Members may engage in the following activities under the following circumstances: 
  

	 	(a)	 the ownership and/or operation of any of the Retained Assets (including replacements of the Retained Assets);

  

	 	(b)	 any Restricted Businesses conducted by a HFC Group Member and Holly GP with the approval of the General
Partner; 

  

	 	(c)	 the ownership and/or operation of Restricted Businesses by an HFC Entity or Holly GP in its capacity as general
partner of HEP or its general partner; 

  

	 	(d)	 the ownership and/or operation of any asset or group of related assets used in the Restricted Business that are
acquired or constructed by a HFC Group Member or Holly GP after the Closing Date (the “Permitted Assets”), the fair market value of which (as determined in good faith by the Board of Directors of HFC) is as follows:

  

	 	(i)	 less than $5 million at the time of such acquisition or good faith estimate of construction costs, as the
case may be; or 

  

	 	(ii)	 equal to or greater than $5 million at the time of the acquisition or good faith estimate of construction
costs; provided, HEP has been offered the opportunity to purchase the Permitted Assets in accordance with Section 2.3 and HEP has elected not to purchase the Permitted Assets; 

 

	 	(e)	 the ownership of the UNEV Profits Interest; 

 

	 	(f)	 the ownership of limited or any general partnership interests in HEP; and 

 

	 	(g)	 the ownership and/or operation of the El Paso Hawkins Terminal. 

  
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 2.3 Right of Offer.  

 

	 	(a)	 If Holly GP or a HFC Group Member becomes aware of an opportunity to acquire Permitted Assets with a fair
market value (as determined in good faith by the Board of Directors of HFC) equal to or greater than $5 million, then, subject to Section 2.3(c), as soon as practicable, Holly GP or such HFC Group Member shall notify
HEP of such opportunity and deliver to HEP, or provide HEP access to all information prepared by or on behalf of, or material information submitted or delivered to, Holly GP or such HFC Group Member relating to such potential transaction. As soon as
practicable, but in any event within 30 days after receipt of such notification and information, HEP shall notify Holly GP or the HFC Group Member that it has either elected: 

 

	 	(i)	 not to cause a HEP Group Member to pursue the opportunity to purchase the Permitted Assets, or

  

	 	(ii)	 to cause a HEP Group Member to pursue the opportunity to purchase the Permitted Assets, in which case the
applicable Parties shall follow the procedures in Section 2.4. 

  

	 	(b)	 If, at any time, HEP abandons such opportunity (as evidenced in writing by HEP to the HFC Group Member), Holly
GP or the HFC Group Member may pursue such opportunity. Any Permitted Assets which are permitted to be acquired by Holly GP or a HFC Group Member must be so acquired: 

 

	 	(i)	 within 12 months of the later to occur of (A) the date that Holly GP or the HFC Group Member becomes able
to pursue such acquisition in accordance with the provisions of this Section 2.3, and (B) the date upon which all required governmental approvals to consummate such acquisition have been obtained, and

  

	 	(ii)	 on terms not materially more favorable to Holly GP or the HFC Group Member than were offered to HEP.

 If either of these conditions are not satisfied, the opportunity must be reoffered to HEP in accordance with
Section 2.3(a). 
  

	 	(c)	 Section 2.3(a) shall not apply if Holly GP or a HFC Group Member:

  

	 	(i)	 becomes aware of an opportunity to make an acquisition that includes Permitted Assets and assets that are not
Permitted Assets, and the Permitted Assets have a fair market value (as determined in good faith by the Board of Directors of HFC) equal to or greater than $5 million but comprise less than half of the fair market value (as determined in good
faith by the Board of Directors of HFC) of the total assets being considered for acquisition, or 

  

	 	(ii)	 desires to construct Permitted Assets with an estimated construction cost (as determined in good faith by the
Board of Directors of HFC) equal to or greater than $5 million; provided, however, that in each case Holly GP or a HFC Group Member, as the case may be, shall comply with Section 2.4. 

  
 4 

 2.4 Procedure for Offering Acquired or Constructed Assets to HEP. 

 

	 	(a)	 Within 180 days after the consummation of the acquisition or the completion of construction by Holly GP or a
HFC Group Member of the Permitted Assets, as the case may be, Holly GP or the HFC Group Member shall notify HEP in writing of such acquisition or construction and offer HEP the opportunity to purchase such Permitted Assets (the
“Offer”). The Offer shall set forth the terms relating to the purchase of the Permitted Assets, and, if Holly GP or any HFC Group Member desires to utilize the Permitted Assets, the Offer will also include (i) the commercially
reasonable terms on which the HEP Group will provide services to Holly GP or the HFC Group Member to enable Holly GP or the HFC Group Member to utilize the Permitted Assets and (ii) the terms of any service agreements, leases or access
agreements to be provided to HEP by Holly GP or the HFC Group relating to such assets. As soon as practicable, but in any event within 30 days after receipt of such written notification, HEP shall notify Holly GP or the HFC Group Member in writing
that HEP has elected (i) not to cause a HEP Group Member to purchase the Permitted Assets, in which event Holly GP or the HFC Group Member shall be forever free to continue to own or operate such Permitted Assets, or (ii) to cause a HEP
Group Member to purchase the Permitted Assets, in which event Section 2.4(b) and Section 2.4(c) shall apply. 

 

	 	(b)	 If within 60 days after receipt by HEP of the Offer, Holly GP or the HFC Group Member and HEP are able to agree
on the fair market value of the subject Permitted Assets and the other terms of the Offer including, the terms, if any, on which the HEP Group will provide services to Holly GP or the HFC Group Member to enable it to utilize the Permitted Assets, a
HEP Group Member shall purchase the Permitted Assets for the agreed upon fair market value as soon as commercially practicable after such agreement has been reached and, if required by the Offer or otherwise agreed, enter into an agreement with
Holly GP or the HFC Group Member to provide services in a manner consistent with the Offer. 

  

	 	(c)	 If Holly GP or the HFC Group Member and HEP are unable to agree within 60 days after receipt by HEP of the
Offer on the fair market value of the subject Permitted Assets and/or the other terms of the Offer, Holly GP or the HFC Entity, on the one hand, and HEP, on the other hand, will engage a mutually agreed upon investment banking firm to determine the
disputed terms. Such investment banking firm will determine the disputed terms within 30 days of its engagement and furnish Holly GP or the HFC Group Member, on the one hand, and HEP, on the other hand, its determination. The fees of the investment
banking firm will be split equally between Holly GP or the HFC Group Member, on the one hand, and HEP, on the other hand. Once the investment banking firm has submitted its determination of the disputed terms, HEP will have the right, but not the
obligation, to cause a HEP Group Member to purchase the Permitted Assets pursuant to the Offer as modified by the determination of the investment banking firm. HEP will provide written notice of its decision to Holly GP or the HFC Group Member
within 30 days after the investment banking firm has submitted its determination. Failure to provide such notice within such 30-day period shall be deemed to constitute a decision not to purchase the Permitted

  
 5 

	 	
Assets. If HEP elects to cause a HEP Group Member to purchase the Permitted Assets, then the HEP Group Member shall purchase the Permitted Assets pursuant to the Offer as modified by the
determination of the investment banking firm as soon as commercially practicable after such determination and, if applicable, enter into an agreement with Holly GP or the HFC Group Member to provide services in a manner consistent with the Offer, as
modified by the determination of the investment banking firm, if applicable. 

 2.5 Scope of Prohibition. Except as
provided in this Article II and the Partnership Agreement, Holly GP and each HFC Group Member shall be free to engage in any business activity, including those that may be in direct competition with any HEP Group Member. 

2.6 Enforcement. Holly GP and the HFC Group Members agree and acknowledge that the HEP Group does not have an adequate remedy at law
for the breach by Holly GP and the HFC Group of the covenants and agreements set forth in this Article II, and that any breach by Holly GP and the HFC Group of the covenants and agreements set forth in this Article II would result in
irreparable injury to the HEP Group. Holly GP and the HFC Group Members further agree and acknowledge that any HEP Group Member may, in addition to the other remedies that may be available to the HEP Group, file a suit in equity to enjoin Holly GP
and the HFC Group from such breach and hereby consent to the issuance of injunctive relief under this Agreement. 
 2.7 Limitation on
Acquisitions of Permitted Assets by HEP Group Members. Notwithstanding anything in this Agreement to the contrary, a HEP Group Member who is not a party to this Agreement is prohibited from acquiring Permitted Assets. In the event HEP desires a
HEP Group Member who is not a party to this Agreement to acquire any Permitted Assets, then the General Partner shall first cause such HEP Group Member to become a party to this Agreement. 

2.8 Termination of Article II. The provisions of this Article II may be terminated by HFC upon a Change of Control of HFC. 

ARTICLE III 

INDEMNIFICATION 
 3.1
Conditions of Indemnification by the HFC Entities. All indemnities set forth in Section 3.2 are subject to the following conditions:  
  

	 	(a)	 Except for the indemnity in Sections 3.2(a)(ii), (vii) and (viii), indemnities apply only
to the Transferred Assets and only until the applicable expiration date, if any, related to each such Transferred Asset shown on Exhibit D. 

  

	 	(b)	 The aggregate liability of the HFC Entities for all Covered Environmental Losses under
Section 3.2(a) shall not exceed the amounts shown in column (b) on Exhibit D. The liability limits listed in column (b) represent separate individual limits for each location. 

 

	 	(c)	 Indemnities in Section 3.2(a)(i) apply only to the extent that such events or
conditions occurred before the applicable Closing Date. 

  
 6 

 3.2 Indemnification by the HFC Entities. 

 

	 	(a)	 Subject to Section 3.1, the HFC Entities shall indemnify, defend and hold harmless
the HEP Entities from and against any Liability or Claim incurred by the HEP Entities or any Third Party to the extent arising out of: 

  

	 	(i)	 the Covered Environmental Losses relating to the Transferred Assets to the extent caused by the acts or
omissions of an HFC Entity; 

  

	 	(ii)	 the ownership or operation by HFC and its Affiliates of any asset not constituting part of the Transferred
Assets, except to the extent arising out of the negligent acts or omissions or willful misconduct of HEP or any of its Affiliates; 

  

	 	(iii)	 the failure of the applicable HEP Entity to be the owner of valid and indefeasible easement rights or fee
ownership for interests in and to the lands on which any pipeline or related pump station, tank farm or equipment conveyed or contributed or otherwise Transferred (including by way of a Transfer of the ownership interest of a Person or by operation
of law) to the applicable HEP Entity on the applicable Closing Date; 

  

	 	(iv)	 the failure of the applicable HEP Entity to have the consents, licenses and permits necessary to allow any such
Transferred Assets referred to in Section 3.2(a)(iii) to cross the roads, waterways, railroads and other areas upon which any such Transferred Assets are located as of the Closing Date; 

 

	 	(v)	 the cost of curing any condition set forth in clauses (iii) or (iv) above to the extent such conditions do
not allow any Transferred Asset to be operated in accordance with Prudent Industry Practice; 

  

	 	(vi)	 the following: 

  

	 	(A)	 events and conditions associated with the operation of the Transferred Assets before the Closing Date (other
than Covered Environmental Losses which are provided for under Section 3.2(a)(i) and events and conditions covered by Section 3.4); 

 

	 	(B)	 all legal actions pending against the HFC Entities on July 13, 2004; 

 

	 	(C)	 the completion of remediation projects at the respective HEP Entity’s El Paso Hawkins Terminal,
Albuquerque terminal and Mountain Home terminal that were ongoing or scheduled as of July 13, 2004; 

  

	 	(D)	 events and conditions associated with the Retained Assets and whether occurring before or after the Closing
Date; 

  

	 	(E)	 all federal, state and local tax liabilities attributable to the operation or ownership of the Transferred
Assets prior to the applicable Closing Date, including any such tax liabilities of the HFC Entities that may result from the consummation of the formation transactions for the HEP Entities and the General Partner; and 

  
 7 

	 	(F)	 any breach by HollyFrontier Tulsa of the representations and warranties set forth in Section 3.9 of the
Master Lease and Access Agreement. 

  

	 	(vii)	 the operation by HEP and its Affiliates of any assets owned by HFC or any of its Affiliates, except to the
extent arising out of the gross negligence or willful misconduct of HEP or any of its Affiliates; 

  

	 	(viii)	 any failure to perform any covenant or agreement made or undertaken by HFC or its Affiliates in the
(A) Master Lease and Access Agreement, or the exercise by HFC or its Affiliates of any rights and obligations under Section 2.2 thereof; or (B) Services and Secondment Agreement; except in either case to the extent arising out of the
willful misconduct or negligence (standard negligence or gross negligence) of HEP or any of its Affiliates; and 

  

	 	(ix)	 any failure of HEP or any of its Affiliates to perform its obligations pursuant to the Storage and Handling
Agreement to the extent arising after February 22, 2016, except to the extent arising out of gross negligence and willful misconduct of HEP or any of its Affiliates. 

 

	 	(b)	 The indemnities provided for in Section 3.2(a)(i) through (v) shall only
apply if the HFC Entities are notified in writing of any of the foregoing prior to the applicable expiration date listed in column (b) on Exhibit D. 

 

	 	(c)	 The indemnities provided for in Section 3.2(a)(vi) shall only apply if to the extent
that the HFC Entities are notified in writing of any of the following events and conditions within five years after the applicable Closing Date. 

  

	 	(d)	 Notwithstanding anything in this Agreement to the contrary, because HEP has been involved since the inception
with the following Transferred Assets, as used in this Section 3.2, the definition of “Transferred Assets” shall not include the 16” Lovington/Artesia Intermediate Pipeline, the Beeson Pipeline, the
Roadrunner Pipeline, the Tulsa Interconnecting Pipelines, and the UNEV Pipeline. 

  

	 	(e)	 To the extent that a good faith Claim by the HEP Entities for indemnification under
Section 3.2(a) arises from events or conditions at the Transferred Tanks or the soil immediately underneath the Transferred Tanks or the Transferred Tanks’ secondary containment, and the HFC Entities refuse to provide
such indemnification, then the burden of proof shall be on the HFC Entities to demonstrate that the events or conditions giving rise to the Claim arose after the Closing Date.  

 

	 	(f)	 As used in this Section 3.2, “Affiliates” of the Indemnifying Party shall
not include the HEP Group Members when a HFC Entity is the Indemnifying Party and shall not include the HFC Group Members when the Indemnifying Party is a HEP Entity. 

  
 8 

 3.3 Conditions of Indemnification by the HEP Entities. The indemnities
set forth in Section 3.4 apply only to the extent that such events or conditions occurred on or after the applicable Closing Date, if any. 

3.4 Indemnification by the HEP Entities. 
  

	 	(a)	 Subject to Section 3.3, the HEP Entities shall indemnify, defend and hold harmless
the HFC Entities from and against any Liability or Claim suffered or incurred by the HFC Entities or any Third Party to the extent arising from: 

  

	 	(i)	 the Covered Environmental Losses associated with operation of (A) the Other Assets (except as otherwise
indicated in Exhibit D, Part 2), and (B) the Transferred Assets by a Person (other than a HFC Entity or ownership and operation of the Transferred Assets by a Person other than a HFC Entity); 

 

	 	(ii)	 operation by HEP and HEP’s Affiliates of any asset owned by HFC or any of HFC’s Affiliates but only
to the extent caused by the gross negligence or willful misconduct of any of the HEP Entities; and 

  

	 	(iii)	 any failure to perform any covenant or agreement made or undertaken by any HEP or its Affiliates in the
(A) Master Lease and Access Agreement, or the exercise by HEP or its Affiliates of any rights and obligations under Section 2.2 thereof; or (B) Services and Secondment Agreement; except in either case to the extent arising out of the
willful misconduct or negligence (standard negligence or gross negligence) of HFC or any of its Affiliates. 

  

	 	(b)	 Nothing set forth in Section 3.4(a) shall make the HEP Entities responsible for any
post-Closing Date negligent actions or omissions or willful misconduct by the HFC Entities. 

  

	 	(c)	 Notwithstanding Section 3.4(a)(i), the indemnity provided for in
Section 3.4(a)(i) shall only apply to the El Dorado Repurchased Tanks to the extent the Environmental Losses arise from a violation, correction, event or condition occurring during the period that El Dorado Logistics owned
such Repurchased Tanks. 

 3.5 Mutual General Indemnity. Following the applicable Closing Dates, the HFC Entities
and the HEP Entities, respectively, agree to indemnify, protect, defend and hold harmless each other from and against any and all Liabilities and Claims based upon, in connection with, relating to or arising out of their respective actions or
inactions in connection with the operation of the Indemnifying Party’s respective assets or any failure to comply with any Applicable Laws; in any case of or by any Indemnifying Party or its subcontractors, suppliers, materialmen, employees,
agents, successors and assigns, or other persons directly or indirectly employed by them, including the following: 
  

	 	(a)	 any injury to or death of any Person or the damage to or theft, destruction, loss or loss of use of, any
property; or 

  
 9 

	 	(b)	 the failure to perform any covenant or agreement made or undertaken by the applicable Party in agreements with
any of the other Parties. 

 3.6 Exclusions from Indemnity for Post-Closing Date Claims.
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, FOR ANY LIABILITIES OR CLAIMS ARISING OUT OF EVENTS OCCURRING AFTER AN APPLICABLE CLOSING DATE: 
  

	 	(a)	 EXCEPT AS EXPRESSLY PROVIDED IN SECTION 3.2(a)(vii), THE INDEMNIFICATION OBLIGATIONS
HEREIN SHALL NOT EXTEND TO THE PROPORTIONATE AMOUNT OF ANY SUCH LIABILITY OR CLAIM CAUSED BY THE NEGLIGENCE OR WILLFUL MISCONDUCT OF AN INDEMNITEE OR ITS AGENTS OR EMPLOYEES. 

 

	 	(b)	 No statute, rule or regulation that precludes an injured party from bringing an action against a fellow
employee or employer shall preclude a Party from seeking and obtaining a judicial determination of the fault or negligence of such Persons. 

  

	 	(c)	 Each Party shall be responsible for any insurance deductibles or self-insured retention arising out of any
Liability or Claim to the extent such Liability or Claim arises out of the negligence or willful misconduct of such Party, except to the extent the subrogation waiver provided for in Section 3.9 applies to such Liability or
Claim. 

 3.7 Indemnification Procedures. 
  

	 	(a)	 The Indemnified Party agrees that promptly after it becomes aware of facts giving rise to a Claim for
indemnification under this Article III, it will provide notice thereof in writing to the Indemnifying Party, specifying the nature of and specific basis for such Claim. 

 

	 	(b)	 The Indemnifying Party shall have the right to control all aspects of the defense of (and any counterclaims
with respect to) any claims brought against the Indemnified Party that are covered by the indemnification under this Article III, including, the selection of counsel, determination of whether to appeal any decision of any court and the
settling of any such matter or any issues relating thereto; provided, however, that no such settlement shall be entered into without the consent of the Indemnified Party unless it includes a full release of the Indemnified Party from such matter or
issues, as the case may be. 

  

	 	(c)	 The Indemnified Party agrees to cooperate fully with the Indemnifying Party, with respect to all aspects of the
defense of any Claims covered by the indemnification under this Article III, including, the prompt furnishing to the Indemnifying Party of any correspondence or other notice relating thereto that the Indemnified Party may receive, permitting
the name of the Indemnified Party to be utilized in connection with such defense, the making available to the Indemnifying Party of any files, records or other information of the Indemnified Party that the Indemnifying Party considers relevant to
such defense and making available to the Indemnifying Party any employees of the Indemnified Party. 

  
 10 

	 	(d)	 In no event shall the obligation of the Indemnified Party to cooperate with the Indemnifying Party as set forth
in Section 3.7(c) be construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of any Claims covered by the indemnification set forth in this Article
III; provided, however, that the Indemnified Party may, at its own option, cost and expense, hire and pay for counsel in connection with any such defense. The Indemnifying Party agrees to keep any such counsel hired by the Indemnified Party
informed as to the status of any such defense, but the Indemnifying Party shall have the right to retain sole control over such defense. 

  

	 	(e)	 In connection with the indemnities in this Article III, Indemnifying Party: 

 

	 	(i)	 agrees to use reasonable efforts to minimize the impact thereof on the operations of the Indemnified Party;

  

	 	(ii)	 agrees to enter into a joint defense agreement with Indemnifying Party in order to allow communication by
counsel if Indemnified Party elects to involve separate counsel; and 

  

	 	(iii)	 agrees to maintain the confidentiality of all files, records, and other information furnished by the
Indemnified Party pursuant to this Section 3.7. 

  

	 	(f)	 The amounts for which an Indemnified Party is entitled to indemnification under this Article III shall
be reduced by the net amounts recovered by the Indemnified Party pursuant to contractual indemnities from any Third Party (other than pursuant to insurance policies that are not required to include a waiver of subrogation pursuant to
Section 3.9) after deducting the reasonable unreimbursed out-of-pocket fees and expenses incurred by the Indemnified Party in recovering such
amounts (the “Net Recovery”). If the Indemnified Party receives a Net Recovery subsequent to an indemnification payment by the Indemnifying Party under this Article III, then such Indemnified Party shall promptly
reimburse the Indemnifying Party for any payment made or expense incurred by such Indemnifying Party in connection with providing such indemnification payment up to Net Recovery. An Indemnified Party shall be obligated to pursue all contractual
indemnities (including insurance claims) that such Indemnified Party has with any Third Party, provided, however, if the Indemnified Party’s right to such indemnification is assignable, the Indemnified Party may, in its sole discretion and in
lieu of pursuing such claim, elect to assign such indemnification claim to the Indemnifying Party to pursue and shall reasonably cooperate with the Indemnifying Party (including, making its relevant books, records, officers, information and
testimony reasonably available to the Indemnifying Party) in the Indemnifying Party’s pursuit of such claim. 

  

	 	(g)	 For avoidance of doubt, no Claim may be asserted pursuant to Section 3.2 or
Section 3.4 following the applicable expiration of the indemnity related to such Claim; provided that any Claim asserted in writing prior to the expiration date of such indemnity that is the basis for such Claim shall
survive until such Claim is finally resolved and satisfied. The date on which notification of a Claim for indemnification is received by the Indemnifying Party shall determine whether such Claim is timely made. 

  
 11 

 3.8 Limitation on Indemnification Obligations. 

 

	 	(a)	 Notwithstanding anything in this Agreement to the contrary, when referring to the indemnification obligations
of the HFC Entities in Article III, the definition of HFC Entities shall be deemed to mean solely (i) the HFC Entity or HFC Entities that own or operate, or owned or operated immediately prior to the transfer to the HEP Entities, the
Retained Asset, Transferred Asset or other property in question with respect to which indemnification is sought by reason of such HFC Entity’s or HFC Entities’ ownership or operation of the Retained Asset, Transferred Asset or other
property in question or that is responsible for causing such loss, damage, injury, judgment, claim, cost, expense or other liability suffered or incurred by the HEP Entities for which it is entitled to indemnification under Article III and
(ii) HFC. 

  

	 	(b)	 Notwithstanding anything in this Agreement to the contrary, when referring to the indemnification obligations
of the HEP Entities in Article III, the definition of HEP Entities shall be deemed to mean solely (i) the HEP Entity or HEP Entities that own or operate, or previously owned or operated, the Transferred Asset or other property in
question or that is responsible for causing such loss, damage, injury, judgment, claim, cost, expense or other liability suffered or incurred by the HFC Entities for which they are entitled to indemnification under Article III, (ii) HEP
and (iii) Operating Partnership. 

  

	 	(c)	 For the avoidance of doubt, any indemnification obligations of the HFC Entities in Article III with
respect to any indemnifiable losses incurred by or attributable to the UNEV Pipeline shall be (i) limited to an amount that is the product of (x) the amount of such losses, multiplied by (y) HEP UNEV’s direct or indirect
percentage ownership interest in the UNEV Pipeline at the time such losses were incurred and (ii) payable to, for the benefit of and recoverable solely by HEP UNEV or any HEP Entity designated by HEP UNEV (and not by UNEV Pipeline, LLC).

 3.9 Subrogation; Waiver of Subrogation. To the extent that any of the HFC Entities or HEP Entities in fact
receive full indemnification payments pursuant to Section 3.2(a)(viii) or Section 3.4(a)(iii) hereof, as the case may be, the HFC Entity or HEP Entity paying such Claim shall be subrogated to the
receiving party’s rights with respect to the transaction or event requiring or giving rise to such indemnity. Notwithstanding the foregoing, each of the HFC Entities and the HEP Entities, hereby waives and releases, and shall cause their
respective insurers, to waive and release, all rights against each other and any of their respective contractors, subsidiaries, consultants, agents and employees for loss or damages to any of the Transferred Assets to the extent of fire and other
hazards covered by property insurance applicable to the property to which such loss or damage occurs, except such rights as they have to proceeds of such insurance. For the purposes of this Section 3.9, all deductibles
shall be considered insured losses. Without limiting the foregoing, all of the Parties’ policies of property insurance for the Transferred Assets shall be endorsed to provide a complete waiver for the benefit of the other Parties and their
Affiliates of (i) any right of recovery which the insurer may have or acquire against the other Parties or any of its Affiliates, or its or their employees, officers or directors for payments made or to be made under such policies and
(ii) any lien or right of subrogation which the insurer may have or acquire for payments made or to be made to any person or entity who asserts a Claim against such other Parties or any of its Affiliates, or its or their employees, officers or
directors. The releases and waivers of subrogation set forth above in this paragraph shall apply notwithstanding any obligation of a Party to indemnify the other Party for the Claim(s) at issue. 

  
 12 

 ARTICLE IV 

GENERAL AND ADMINISTRATIVE EXPENSES 

4.1 General. 
  

	 	(a)	 The Operating Partnership will pay HFC an administrative fee (the “Administrative Fee”),
payable in equal quarterly installments, for the provision by HFC and its Affiliates for the HEP Group’s benefit of all the general and administrative services that HFC and its Affiliates provide, including, the general and administrative
services listed on Exhibit E. As of December 31, 2017, the Administrative Fee is $2,464,000. 

  

	 	(b)	 The Administrative Fee shall be adjusted on July 1, 2018, effective as of January 1, 2018, by an
amount equal to the PPI Adjustment. Thereafter, the Administrative Fee shall be adjusted on July 1 of each calendar year, commencing on July 1, 2019, by an amount equal to the PPI Adjustment. If the PPI is no longer published, then HFC and
HEP shall negotiate in good faith to agree on a new index that gives comparable protection against inflation, and the same method of adjustment for increases in the new index shall be used to calculate increases in the Administrative Fee. If the
Parties are unable to agree, a new index will be determined by the dispute resolution process in Article VIII. 

  

	 	(c)	 At the end of each year, either Party will have the right to submit to the other Party a proposal to change the
Administrative Fee for that year and/or the method of adjusting the Administrative Fee if either Party believes in good faith that the general and administrative services performed by HFC and its Affiliates for the benefit of the HEP Group for the
year in question are inconsistent with the Administrative Fee for that year. If either Party submits such a proposal, the Parties agree that they will negotiate in good faith to determine if the Administrative Fee for that year should be changed
and, if so, the amount of such change. If the Parties are unable to agree, the Parties will submit the matter to dispute resolution pursuant to Article VIII. 

  

	 	(d)	 The Administrative Fee shall not include and the HEP Group shall reimburse HFC and its Affiliates for:

  

	 	(i)	 salaries of employees of HFC or its Affiliates, to the extent, but only to the extent, such employees perform
services for the HEP Group; 

  

	 	(ii)	 the cost of employee benefits relating to employees of HFC or its Affiliates, such as 401(k), pension, and
health insurance benefits, to the extent, but only to the extent, such employees perform services for the HEP Group and have not been paid by HEP pursuant to the Master Site Services Agreement and the Services and Secondment Agreement;

  

	 	(iii)	 any amounts payable under the Master Site Services Agreement and the Services and Secondment Agreement;

  

	 	(iv)	 all sales, use, excise, value added or similar taxes, if any, that may be applicable from time to time in
respect of the services provided by the HFC and its Affiliates to HEP pursuant to Section 4.1(a); and 

  
 13 

	 	(v)	 all premiums for insurance policies carried for and on behalf of HEP. 

 

	 	(e)	 Either HFC, on the one hand, or HEP, on the other hand, may terminate this Article IV, by providing the
other with written notice of its election to do so at least six months prior to the proposed date of termination.  

ARTICLE V 
 RIGHT OF
FIRST REFUSAL 
 5.1 HFC Right of First Refusal: Prohibition on Transfer. 

 

	 	(a)	 The HEP Entities hereby grant to HFC a right of first refusal on any proposed Transfer (other than a grant of a
security interest to a bona fide third-party lender or a Transfer to another HEP Group Member) of any of the Assets. 

  

	 	(b)	 The HEP Entities are prohibited from Transferring any of the Assets to a HEP Group Member that is not a party
to this Agreement. In the event the HEP Entities desire to Transfer any of the Assets to a HEP Group Member that is not a Party to this Agreement, they shall first cause the proposed transferee HEP Group Member to become a Party to this
Agreement.     

  

	 	(c)	 The Parties acknowledge that all potential Transfers of Sale Assets pursuant to this Article V are
subject to obtaining any and all required written consents of governmental authorities and other third parties and to the terms of all existing agreements in respect of the Sale Assets. 

 

	 	(d)	 Notwithstanding anything in this Agreement to the contrary, as used in Article V the definition of
“Assets” shall not include the Tulsa Transferred Assets or the UNEV Pipeline, but shall expressly include the equity interests of UNEV Pipeline, LLC, HEP UNEV Pipeline, HEP UNEV, El Dorado Osage and Osage then owned directly or indirectly
by the HEP Entities. 

  

	 	(e)	 Notwithstanding anything in this Agreement to the contrary, the Parties acknowledge that all potential
Transfers of the Orla Truck Terminal pursuant to this Article V are subject to the rights of ALON pursuant to the ALON Purchase Agreement. 

5.2 Procedures. 
  

	 	(a)	 If a HEP Entity proposes to Transfer any of the Assets to any Person pursuant to a bona fide third-party offer
(an “Acquisition Proposal”), then HEP shall promptly give written notice (a “Disposition Notice”) thereof to HFC. The Disposition Notice shall set forth the following information in respect of the proposed Transfer:

  

	 	(i)	 the name and address of the prospective acquiror (the “Proposed Transferee”);

  

	 	(ii)	 the Assets subject to the Acquisition Proposal (the “Sale Assets”); 

  
 14 

	 	(iii)	 the purchase price offered by such Proposed Transferee (the “Offer Price”);

  

	 	(iv)	 reasonable detail concerning any non-cash portion of the proposed
consideration, if any, to allow HFC to reasonably determine the fair market value of such non-cash consideration; 

  

	 	(v)	 the HEP Entities’ estimate of the fair market value of any
non-cash consideration; and 

  

	 	(vi)	 all other material terms and conditions of the Acquisition Proposal that are then known to the HEP Entities.

  

	 	(b)	 To the extent the Acquisition Proposal consists of consideration other than cash (or in addition to cash) the
Offer Price shall be deemed equal to the amount of any such cash plus the fair market value of such non-cash consideration. In the event HFC and the HEP Entities agree as to the fair market value of any non-cash consideration, HFC will provide written notice of its decision regarding the exercise of its right of first refusal to purchase the Sale Assets within 30 days of its receipt of the Disposition Notice (the
“First ROFR Acceptance Deadline”). Failure to provide such notice within such 30-day period shall be deemed to constitute a decision not to purchase the Sale Assets. 

 

	 	(c)	 In the event (i) HFC’s determination of the fair market value of any
non-cash consideration described in the Disposition Notice (to be determined by HFC within 30 days of receipt of such Disposition Notice) is less than the fair market value of such consideration as determined
by the HEP Entities in the Disposition Notice and (ii) HFC and the HEP Entities are unable to mutually agree upon the fair market value of such non-cash consideration within 30 days after HFC notifies the
HEP Entities of its determination thereof, the HEP Entities and HFC shall engage a mutually-agreed-upon investment banking firm to determine the fair market value of the non-cash consideration. Such investment
banking firm shall be instructed to return its decision within 30 days after all material information is submitted thereto, which decision shall be final. The fees of the investment banking firm will be split equally between HFC and the HEP
Entities. HFC will provide written notice of its decision regarding the exercise of its right of first refusal to purchase the Sale Assets to the HEP Entities within 30 days after the investment banking firm has submitted its determination (the
“Second ROFR Acceptance Deadline”). Failure to provide such notice within such 30-day period shall be deemed to constitute a decision by HFC not to purchase the Sale Assets.

  

	 	(d)	 If HFC fails to exercise a right during any applicable period set forth in this
Section 5.2, HFC shall be deemed to have waived its rights with respect to such proposed disposition of the Sale Assets, but not with respect to any future offer of such Sale Assets. 

 

	 	(e)	 If HFC chooses to exercise its right of first refusal to purchase the Sale Assets under Sections 5.1(a)
and 5.2(c), HFC and the HEP Entities shall enter into a purchase and sale agreement for the Sale Assets which shall include the following terms: 

  
 15 

	 	(i)	 HFC will agree to deliver cash for the Offer Price (or any other consideration agreed to by HFC and the HEP
Entities (each in their sole discretion)); 

  

	 	(ii)	 the HEP Entities will represent that they have good, indefeasible and unencumbered title to the Sale Assets,
subject to all recorded and unrecorded matters and all physical conditions and other matters in existence on the closing date for the Sale Assets, plus any other reasonable and customary matters and such matters as HFC may approve, which approval
will not be unreasonably withheld. If HFC desires to obtain any title insurance with respect to the Sale Assets, the full cost and expense of obtaining the same (including the cost of title examination, document duplication and policy premium) shall
be borne by HFC;  

  

	 	(iii)	 the HEP Entities will grant to HFC the right, exercisable at HFC’s risk and expense, to conduct such
surveys, tests and inspections of the Sale Assets as HFC may deem desirable, so long as such surveys, tests or inspections do not damage the Sale Assets or interfere with the activities of the HEP Entities thereon and so long as HFC has furnished
the HEP Entities with evidence that adequate liability insurance is in full force and effect; 

  

	 	(iv)	 HFC will have the right to terminate its obligation to purchase the Sale Assets under this Article V if
the results of any searches, surveys, tests or inspections conducted pursuant to Section 5.2(e)(ii) or Section 5.2(e)(iii) above are, in the reasonable opinion of HFC, unsatisfactory;

  

	 	(v)	 the closing date for the purchase of the Sale Assets shall, unless otherwise agreed to by HFC and the HEP
Entities, occur no later than 90 days following receipt by the HEP Entities of written notice by HFC of its intention to exercise its option to purchase the Sale Assets pursuant to Section 5.2(b) or (c);

  

	 	(vi)	 the HEP Entities shall execute, have acknowledged and deliver to HFC a special warranty deed, assignment of
easement, or comparable document, as appropriate, in the applicable jurisdiction, on the closing date for the purchase of the Sale Assets constituting real property interests conveying the Sale Assets unto HFC free and clear of all encumbrances
created by the HEP Entities other than those set forth in Section 5.2(e)(ii) above; 

  

	 	(vii)	 the sale of any Sale Assets shall be made on an “as is,” “where is” and “with all
faults” basis, and the instruments conveying such Sale Assets shall contain appropriate disclaimers; and 

  

	 	(viii)	 neither the HEP Entities nor HFC shall have any obligation to sell or buy the Sale Assets if any of the
material consents referred to in Section 5.1(c) have not been obtained or such sale or purchase is prohibited by Applicable Law. 

  
 16 

	 	(f)	 HFC and the HEP Entities shall cooperate in good faith in obtaining all necessary governmental and other Third
Party approvals, waivers and consents required for the closing. Any such closing shall be delayed, to the extent required, until the third Business Day following the expiration of any required waiting periods under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended; provided, however, that such delay shall not exceed 120 days and, if governmental approvals and waiting periods shall not have been obtained or expired, as the case may be, by such 120th day, then HFC shall be
deemed to have waived its right of first refusal with respect to the Sale Assets described in the Disposition Notice and thereafter neither HFC nor HEP shall have any further obligation under this Article V with respect to such Sale Assets
unless such Sale Assets again become subject to this Article V pursuant to Section 5.2(g). 

  

	 	(g)	 If the Transfer to the Proposed Transferee is not consummated in accordance with the terms of the Acquisition
Proposal within the later of (i) 180 days after the later of the applicable ROFR Acceptance Deadline, and (ii) 10 days after the satisfaction of all governmental approval or filing requirements, if any, the Acquisition Proposal shall be deemed to
lapse, and the HEP Entities may not Transfer any of the Sale Assets described in the Disposition Notice without complying again with the provisions of this Article V if and to the extent then applicable. 

ARTICLE VI 
 HFC PURCHASE
OPTION 
 6.1 Option to Purchase Tulsa Transferred Assets. The Parties acknowledge the purchase options and right of first
refusal granted to an Affiliate of HFC with respect to the Tulsa Transferred Assets in the Purchase Option Agreement. 
 ARTICLE VII

 API INSPECTIONS 

7.1 API Inspections. With respect only to the 2008 Tanks, the applicable HFC Entity that sold the particular tank(s) to the applicable
HEP Entity shall, during the period that commences on the applicable Closing Date and ends five (5) years thereafter (the “Initial Tank Inspection Period”) reimburse the applicable HEP Entity for the actual costs associated
with the first regularly scheduled API 653 inspection (the “Initial Tank Inspections”) and the costs associated with the replacement of the tank mixers on each of the Transferred Tanks after the Closing Date and any repairs required
to be made to the 2008 Tanks as a result of any discovery made during the Initial Tank Inspections; provided, however, that 
  

	 	(a)	 such HFC Entity shall not reimburse such HEP Entity with respect to the relocated crude oil Tank 437 in the
Artesia refinery complex or the new crude oil tank to replace crude oil Tank 439 in the Artesia refinery complex more particularly described in the Purchase and Sale Agreement referenced in the definition of 2008 Crude Pipelines, Tanks and Related
Assets, and 

  

	 	(b)	 upon expiration of the Initial Tank Inspection Period, all of the obligations of the applicable HFC Entity
pursuant to this Article VII shall terminate, except that the Initial Tank Inspection Period shall be extended if, and only to the extent that 

  
 17 

	 	(i)	 inaccessibility of the 2008 Tanks during the Initial Tank Inspection Period caused the delay of an Initial Tank
Inspection originally scheduled to be performed during the Initial Tank Inspection Period, and 

  

	 	(ii)	 the applicable HFC Entity received notice from the applicable HEP Entity regarding such delay at the time it
occurred. 

 ARTICLE VIII 

DISPUTE RESOLUTION 
 8.1
Dispute Resolution. 
  

	 	(a)	 Any Arbitrable Dispute arising out of or in connection with this Agreement, including any question regarding
the existence, validity or termination of this Agreement, shall be exclusively resolved in accordance with this Article VIII. 

  

	 	(b)	 In the event of a Arbitrable Dispute between an HFC Entity and an HEP Entity, the HFC Entity and the HEP Entity
shall, within ten (10) days of a written request by either of them to the other, meet in good faith to resolve such Arbitrable Dispute in a meeting that includes individuals with authority to resolve the Arbitrable Dispute at such meeting.

  

	 	(c)	 If the HFC Entity and the HEP Entity are unable to resolve the Arbitrable Dispute within ten (10) days
after submission of such Arbitrable Dispute as provided in Section 8.1(b), either the HFC Entity or the HEP Entity may submit the matter to arbitration in accordance with the terms of Section 8.2 below.

  

	 	(d)	 Pending resolution of any Arbitrable Dispute between the HFC Entity and the HEP Entity, the HFC Entity and the
HEP Entity shall continue to perform in good faith their respective obligations under this Agreement based upon the last agreed performance demonstrated prior to the Arbitrable Dispute. 

 

	 	(e)	 Resolution of any Arbitrable Dispute between the HFC Entity and the HEP Entity involving payment of money by
either the HFC Entity and the HEP Entity to the other shall include payment of interest at the Prime Rate from the original due date of such amount. 

  

	 	(f)	 Each of the HFC Entity and the HEP Entity shall, in addition to all rights provided herein or provided by Law,
be entitled to the remedies of specific performance and injunction to enforce its rights hereunder. 

 8.2
Arbitration. Any and all Arbitrable Disputes must be resolved through the use of binding arbitration using three arbitrators, in accordance with the Commercial Arbitration Rules of the American Arbitration Association, as supplemented to the
extent necessary to determine any procedural appeal questions by the Federal Arbitration Act (Title 9 of the United States Code, as amended from time to time). 
  

	 	(a)	 Arbitration must be initiated within the time limits set forth in this Agreement, or if no such limits apply,
then within the time period allowed by the applicable statute of limitations. Arbitration may be initiated by either party (“Claimant”) by delivering written notice to the other (“Respondent”) that the Claimant
elects to refer the Arbitrable Dispute to binding arbitration. Claimant’s notice initiating 

  
 18 

	 	
binding arbitration must identify the arbitrator Claimant has appointed. The Respondent shall respond to Claimant within thirty (30) days after receipt of Claimant’s notice, identifying
the arbitrator Respondent has appointed. If the Respondent fails for any reason to name an arbitrator within the 30-day period, Claimant shall petition the American Arbitration Association for appointment of
an arbitrator for Respondent’s account. The two arbitrators so chosen shall select a third arbitrator within thirty (30) days after the second arbitrator has been appointed. 

 

	 	(b)	 The hearing will be conducted in Dallas, Texas and commence within thirty (30) days after the selection of
the third arbitrator. The parties and the arbitrators shall proceed diligently and in good faith in order that the award may be made as promptly as possible. Except as provided in the Federal Arbitration Act, the decision of the arbitrators will be
binding on, and non-appealable by, the Claimant and Respondent.     

  

	 	(c)	 The Claimant will pay the compensation and expenses of the arbitrator named by it, and the Respondent will pay
the compensation and expenses of the arbitrator named by or for it. The Claimant and Respondent will each pay one-half of the compensation and expenses of the third arbitrator. 

 

	 	(d)	 All arbitrators must (i) be neutral parties who have never been officers, directors or employees of any of
the Parties or any of their Affiliates and who have not provided consulting services (directly or indirectly) for at least three (3) years prior to their appointment and (ii) have at least seven (7) years’ experience in the
petroleum transportation industry. 

  

	 	(e)	 The arbitrators shall have no right to grant or award indirect, consequential, punitive or exemplary damages of
any kind. 

  

	 	(f)	 The Arbitrable Disputes may be arbitrated in a common proceeding along with disputes under other agreements
between the Claimant and Respondent to the extent that the issues raised in such disputes are related. Without the written consent of the Claimant and Respondent, no unrelated disputes (including those with Affiliates of either Claimant or
Respondent) or Third Party disputes may be joined to an arbitration pursuant to this Agreement. 

 8.3 Conflict. If
there is any inconsistency between this Article VIII and the Commercial Arbitration Rules or the Federal Arbitration Act, the terms of this Article VIII will control the rights and obligations of the parties seeking arbitration. 

ARTICLE IX 
 FORCE
MAJEURE 
 9.1 Force Majeure. In the event of any Party being rendered unable, wholly or in part, by a Force Majeure event from
performing its obligations under any of the Master Agreements, Services and Secondment Agreement or this Agreement for a period of more than thirty (30) consecutive days, then, upon the delivery of notice and full particulars of the Force
Majeure event relied on (“Force Majeure Notice”) to the other affected Party(ies), the obligations of the Parties, so far are they are affected by the Force Majeure event, shall be suspended during the continuance of any inability
so caused. The cause of the Force Majeure event shall, as far as possible, be remedied with all reasonable dispatch, except that no Party shall be compelled to resolve any strikes, lockouts or other industrial disputes other than as it shall
determine to be in its best interests. 

  
 19 

 ARTICLE X 

MISCELLANEOUS 
 10.1
Choice of Law. This Agreement shall be subject to and governed by the laws of the State of Delaware, excluding any conflicts-of-law rule or principle that might
refer the construction or interpretation of this Agreement to the laws of another state. 
 10.2 Notices. 

 

	 	(a)	 Any notice or other communication given under this Agreement shall be in writing and shall be
(i) delivered personally, (ii) sent by documented overnight delivery service, (iii) sent by email transmission, or (iv) sent by first class mail, postage prepaid (certified or registered mail, return receipt requested). Such
notice shall be deemed to have been duly given (x) if received, on the date of the delivery, with a receipt for delivery, (y) if refused, on the date of the refused delivery, with a receipt for refusal, or (z) with respect to
email transmissions, on the date the recipient confirms receipt. Notices or other communications shall be directed to the following addresses: 

Notices to the HFC Entities: 

HollyFrontier Corporation 
 2828
N. Harwood, Suite 1300 
 Dallas, Texas 75201 

Attention: President 
 Email
address: president@hollyfrontier.com
 with a copy, which shall not constitute notice, but is required in order to give proper
notice, to: 
 HollyFrontier Corporation 

2828 N. Harwood, Suite 1300 

Dallas, Texas 75201 
 Attention:
General Counsel 
 Email address: general.counsel@hollyfrontier.com 

Notices to the HEP Entities: 

Holly Energy Partners, L.P. 

c/o Holly Logistic Services, L.L.C. 

2828 N. Harwood, Suite 1300 

Dallas, Texas 75201 
 Attention:
President 
 Email address: president-HEP@hollyenergy.com 

  
 20 

 with a copy, which shall not constitute notice, but is required in order to give proper
notice, to: 
 Holly Energy Partners, L.P. 

c/o Holly Logistic Services, L.L.C. 

2828 N. Harwood, Suite 1300 

Dallas, Texas 75201 
 Attention:
General Counsel 
 Email address: general.counsel@hollyenergy.com 

 

	 	(b)	 Any Party may at any time change its address for service from time to time by giving notice to the other
Parties in accordance with this Section 10.2. 

 10.3 Entire Agreement. This Agreement,
together with the other agreements and instruments referred to herein, constitutes the entire agreement of the Parties relating to the matters contained herein, superseding as of the Effective Date all prior contracts or agreements (including the
Original Omnibus Agreement), whether oral or written, relating to the matters contained herein. For avoidance of doubt the Eleventh Amended and Restated Omnibus Agreement, effective as of January 1, 2015, shall remain in full force and effect
with respect to any event, act or omission occurring before January 1, 2015. 
 10.4 Amendment or Modification. No amendment or
modification of this Agreement shall be valid unless it is in writing and signed by the parties hereto. No waiver of any provision of this Agreement shall be valid unless it is in writing and signed by the Party against whom the waiver is
sought to be enforced. Any of the exhibits to this Agreement may be amended, modified, revised or updated by the Parties hereto if each of HFC (on behalf of the HFC Entities) and HEP (on behalf of the HEP Entities) execute an amended, modified,
revised or updated exhibit or schedule, as applicable, and attach it to this Agreement. Such amended, modified, revised or updated exhibits shall be sequentially numbered (e.g. Exhibit A-1,
Exhibit A-2, etc.), dated and appended as an additional exhibit or schedule to this Agreement and shall replace the prior exhibit or schedule, as applicable, in its entirety, except as specified
therein. No failure or delay in exercising any right hereunder, and no course of conduct, shall operate as a waiver of any provision of this Agreement. No single or partial exercise of a right hereunder shall preclude further or complete exercise of
that right or any other right hereunder. 
 10.5 Assignment. No Party shall have the right to assign any of its rights or obligations
under this Agreement without the consent of the other Parties hereto. 
 10.6 Counterparts. This Agreement may be executed in any
number of paper or electronic counterparts with the same effect as if all signatory parties had signed the same document. All such counterparts shall be construed together and shall constitute one and the same agreement. 

10.7 Severability. If any provision of this Agreement shall be held invalid or unenforceable by a court or regulatory body of competent
jurisdiction, the remainder of this Agreement shall remain in full force and effect. 
 10.8 Further Assurances. In connection with
this Agreement and all transactions contemplated by this Agreement, each Party hereto agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry
out and perform all of the terms, provisions and conditions of this Agreement and all such transactions. 
 10.9 Rights of Limited
Partners. The provisions of this Agreement are enforceable solely by the Parties to this Agreement, and no Limited Partner (as defined in the Partnership Agreement) of HEP shall have the right, separate and apart from HEP, to enforce any
provision of this Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement. There are no Third Party beneficiaries to this Agreement. 

  
 21 

 10.10 Headings. Headings of the Sections of this Agreement are for convenience of the
parties only and shall be given no substantive or interpretative effect whatsoever. 
 10.11 Limitation of Damages.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN ANY OTHER PROVISION OF
THIS AGREEMENT AND EXCEPT FOR CLAIMS MADE BY THIRD PARTIES WHICH
SHALL NOT BE LIMITED BY THIS SECTION, THE PARTIES AGREE THAT THE
RECOVERY BY ANY PARTY, INCLUDING, PURSUANT TO
ARTICLE III, OF ANY LIABILITIES, DAMAGES, COSTS
OR OTHER EXPENSES (i) AS A RESULT OF ANY BREACH OR
NONFULFILLMENT BY A PARTY OF ANY OF ITS COVENANTS, AGREEMENTS OR
OTHER OBLIGATIONS UNDER THIS AGREEMENT OR (ii) BY REASON OF OR
ARISING OUT OF ANY OF THE EVENTS, CONDITIONS OR OTHER MATTERS LISTED
IN SECTIONS 3.2 OR 3.4 WHICH THE PARTIES HAVE AGREED TO
INDEMNIFY THE OTHER PARTY AGAINST, SHALL BE LIMITED TO ACTUAL DAMAGES
AND SHALL NOT INCLUDE OR APPLY TO, NOR SHALL ANY PARTY BE
ENTITLED TO RECOVER, ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES
(INCLUDING, ANY DAMAGES ON ACCOUNT OF LOST PROFITS OR OPPORTUNITIES OR
BUSINESS INTERRUPTION OR DIMINUTION IN VALUE) SUFFERED OR INCURRED BY ANY
PARTY; PROVIDED, HOWEVER, THAT SUCH RESTRICTION AND LIMITATION SHALL NOT APPLY
TO A PARTY’S OBLIGATION TO INDEMNIFY THE OTHER PARTY: 

 (X) AS A RESULT OF A THIRD
PARTY CLAIM FOR SUCH INDIRECT, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES, 

(Y) FOR CLAIMS THAT ARE COVERED BY
INSURANCE AND ANY RELATED DEDUCTIBLES, OR 

(Z) FOR INDIRECT, CONSEQUENTIAL, EXEMPLARY OR
PUNITIVE DAMAGES (INCLUDING LIABILITIES ON ACCOUNT OF LOST PROFITS OR OPPORTUNITIES
OR BUSINESS INTERRUPTION OR DIMINUTION IN VALUE) THAT ARE A RESULT OF
SUCH INDEMNIFYING PARTY’S OR ITS AFFILIATES’ GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT. 
 As used in this Section 10.11, “Affiliates” of the Indemnifying Party shall not
include the HEP Group Members when a HFC Entity is the Indemnifying Party and shall not include the HFC Group Members when the Indemnifying Party is a HEP Entity. 

10.12 Nature of the Relationship. Notwithstanding the foregoing, nothing in this Agreement and no actions taken by the Parties shall
constitute a partnership, joint venture, association or other co-operative entity among the Parties or authorize either Party to represent or contract on behalf of the other Party. 

[Remainder of Page Intentionally Left Blank] 

  
 22 

 IN WITNESS WHEREOF, the Parties have executed this Agreement to be effective as of the
Effective Date. 
  

									
	HFC ENTITIES:
	
	HOLLYFRONTIER CORPORATION
	HOLLYFRONTIER EL DORADO REFINING LLC
	HOLLYFRONTIER CHEYENNE REFINING LLC
	HOLLYFRONTIER WOODS CROSS REFINING LLC 
	HOLLYFRONTIER TULSA REFINING LLC
	NAVAJO PIPELINE CO., L.P.
	HOLLYFRONTIER NAVAJO REFINING LLC
	EL PASO OPERATING LLC
	HOLLYFRONTIER TRANSPORTATION LLC
		
	By:	 	 /s/ Thomas G. Creery

	Name:	 	Thomas G. Creery
	Title:	 	Senior Vice President, Commercial
	
	HEP ENTITIES:
	
	HOLLY ENERGY PARTNERS, L.P.
		
	By:	 	HEP Logistics Holdings, L.P.
		 	Its General Partner
		
		 	By: Holly Logistic Services, L.L.C.
		 	Its General Partner
			
		 	By:	 	 /s/ Richard L. Voliva III

		 	Name:	 	Richard L. Voliva III
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	HEP LOGISTICS HOLDINGS, L.P.
		
	By:	 	Holly Logistic Services, L.L.C,
		 	Its General Partner
		
	By:	 	 /s/ Richard L. Voliva III

	Name:	 	Richard L. Voliva III
	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page 1 of 2 to Nineteenth Amended and Restated Omnibus Agreement] 

 
					
	CHEYENNE LOGISTICS LLC
	EL DORADO LOGISTICS LLC
	EL DORADO OPERATING LLC
	EL DORADO OSAGE LLC
	FRONTIER ASPEN LLC
	HEP EL DORADO LLC
	HEP FIN-TEX/TRUST-RIVER, L.P.
	HEP OKLAHOMA LLC
	HEP LOGISTICS GP, L.L.C.
	HEP MOUNTAIN HOME, L.L.C.
	HEP PIPELINE ASSETS, LIMITED PARTNERSHIP
	HEP PIPELINE GP, L.L.C.
	HEP PIPELINE, L.L.C.
	HEP REFINING ASSETS, L.P.
	HEP REFINING GP, L.L.C.
	HEP REFINING, L.L.C.
	HEP TULSA LLC
	HEP UNEV HOLDINGS LLC
	HEP UNEV PIPELINE LLC
	HEP WOODS CROSS, L.L.C.
	HOLLY ENERGY PARTNERS – OPERATING, L.P.
	HOLLY ENERGY STORAGE – LOVINGTON LLC 
	HOLLY LOGISTIC SERVICES, L.L.C.
	LOVINGTON-ARTESIA, L.L.C.
	NWNAL LLC
	ROADRUNNER PIPELINE, L.L.C.
	SLC PIPELINE LLC
	WOODS CROSS OPERATING LLC
		
	By:	 	 /s/ Richard L. Voliva III

	Name:	 	Richard L. Voliva III
	Title:	 	Executive Vice President and Chief Financial Officer
	
	HEP NAVAJO SOUTHERN, L.P.
		
	By:	 	HEP Pipeline GP, L.L.C.
		 	Its General Partner
			
		 	By:	 	 /s/ Richard L. Voliva III

		 	Name:	 	Richard L. Voliva III
		 	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page 2 of 2 to Nineteenth Amended and Restated Omnibus Agreement] 

 Exhibit A 

to 
 Nineteenth Amended
and Restated Omnibus Agreement 
  
  

Omnibus Agreement Amendments 
  

					
	 Agreement
	  	 Effective Date
	  	 Reason for Amendment

	Original Omnibus Agreement	  	July 13, 2004	  	n/a
			
	First Amended and Restated Omnibus Agreement	  	June 1, 2009	  	16” Lovington/Artesia Intermediate Pipeline Purchase Agreement
			
	Second Amended and Restated Omnibus Agreement	  	August 1, 2009	  	Tulsa West (Sunoco) Asset Purchase Agreement
			
	Third Amended and Restated Omnibus Agreement	  	October 19, 2009	  	 (i) Tulsa East (Sinclair) Purchase Agreement

(ii) Beeson Pipeline Purchase Agreement, and
 (iii) Roadrunner
Pipeline Purchase Agreement

			
	Fourth Amended and Restated Omnibus Agreement	  	March 31, 2010	  	LLC Interest Purchase Agreement for certain Tulsa East Assets
			
	Fifth Amended and Restated Omnibus Agreement	  	August 31, 2011	  	Tulsa Throughput Agreement
			
	Sixth Amended and Restated Omnibus Agreement	  	November 1, 2011	  	LLC Interest Purchase Agreement for Cheyenne Assets and El Dorado Assets
			
	Seventh Amended and Restated Omnibus Agreement	  	July 12, 2012	  	UNEV LLC Interest Purchase Agreement
			
	Eighth Amended and Restated Omnibus Agreement	  	June 1, 2013	  	Malaga Throughput Agreement
			
	Ninth Amended and Restated Omnibus Agreement	  	January 7, 2014	  	Amended and Restated El Dorado Throughput Agreement for the El Dorado New Tank No. 647
			
	Tenth Amended and Restated Omnibus Agreement	  	September 26, 2014	  	Amended and Restated Malaga Throughput Agreement
			
	Eleventh Amended and Restated Omnibus Agreement	  	January 1, 2015	  	Unloading and Blending Services Agreement (Artesia) and Third Amended and Restated Crude Pipelines and Tankage Agreement (Beeson to Lovington System Expansion)
			
	Twelfth Amended and Restated Omnibus Agreement	  	January 1, 2015	  	Artesia Rail Yard Facility, El Dorado Terminal and Cheyenne New Tank No. 117
			
	Thirteenth Amended and Restated Omnibus Agreement	  	November 2, 2015	  	LLC Interest Purchase Agreement for the membership interest of El Dorado Operating
			
	Fourteenth Amended and Restated Omnibus Agreement	  	February 22, 2016	  	LLC Interest Purchase Agreement for the Osage Membership Interest
	Fifteenth Amended and Restated Omnibus Agreement	  	March 31, 2016	  	Tulsa West Crude Tank Assets and Tulsa New Tanks

  
 A-1 

					
	Sixteenth Amended and Restated Omnibus Agreement	  	October 1, 2016	  	LLC Interest Purchase Agreement for the membership interest of Woods Cross Operating
			
	Seventeenth Amended and Restated Omnibus Agreement	  	January 1, 2017	  	El Dorado Repurchased Tanks
			
	Eighteenth Amended and Restated Omnibus Agreement	  	December 8, 2017	  	North Loco Tanks, SLC Pipeline, Frontier Aspen Pipeline and NWNAL Assets

  
 A-2 

 Exhibit B 

to 
 Nineteenth Amended
and Restated Omnibus Agreement 
  
  

Definitions 

“8” and 10” Lovington/Artesia Intermediate Pipelines” means the
8-inch pipeline and the 10-inch pipeline, each running from Lovington, New Mexico to Artesia, New Mexico and owned by HEP Pipeline. 

“16” Lovington/Artesia Intermediate Pipeline” means the 16-inch pipeline
running from Lovington, New Mexico to Artesia, New Mexico, owned by Lovington-Artesia, L.L.C. 
 “16” Lovington/Artesia
Intermediate Pipeline Purchase Agreement” means that certain LLC Interest Purchase Agreement dated as of June 1, 2009, by and among HFC, Navajo Pipeline and the Operating Partnership, pursuant to which Navajo Pipeline transferred
and conveyed to the Operating Partnership, and the Operating Partnership acquired, all of the limited liability company interests of Lovington-Artesia, L.L.C., the entity that owns the 16” Lovington/Artesia Intermediate Pipeline. 

“2004 Product Pipelines, Terminal and Related Assets” means the assets transferred under the July 13, 2004
Contribution, Conveyance and Assumption Agreement at the time of HEP’s initial public offering. 
 “2008 Crude Pipelines,
Tanks and Related Assets” means the Drop-Down Assets as defined in the Purchase and Sale Agreement, dated February 25, 2008, by and among HFC, Navajo Pipeline, Woods Cross Refining Company, L.L.C., a Delaware limited liability
company, and HollyFrontier Navajo, as the seller parties, and HEP, the Operating Partnership, HEP Woods Cross, L.L.C., a Delaware limited liability company, and HEP Pipeline, as the buyer parties. 

“2008 Tanks” means the Transferred Tanks included in the 2008 Crude Pipelines, Tanks and Related Assets. 

“Acquisition Proposal” is defined in Section 5.2(a). 

“Additional Lovington Assets” means the Transferred Lovington Assets as defined in the March 2010 Drop Down LLC
Interest Purchase Agreement. 
 “Additional Tulsa East Assets” means the Transferred Tulsa East Assets as defined in
the March 2010 Drop Down LLC Interest Purchase Agreement. 
 “Administrative Fee” is defined in
Section 4.1(a). 
 “Affiliate” means, with respect to any Person, any other Person that
directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to
direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” is defined in the introduction to this Agreement. 

  
 B-1 

 “ALON” means ALON USA, LP, a Texas limited partnership. 

“ALON Purchase Agreement” means that Pipelines and Terminals Agreement, dated as of February 28, 2005, by and
among ALON and HEP. 
 “Applicable Law” means any applicable statute, law, regulation, ordinance, rule, judgment,
rule of law, order, decree, permit, approval, concession, grant, franchise, license, agreement, requirement, or other governmental restriction or any similar form of decision of, or any provision or condition of any permit, license or other
operating authorization issued under any of the foregoing by, or any determination by any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended
(including, all of the terms and provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question. 

“Arbitrable Dispute” means any and all disputes, Claims, controversies and other matters in question between any of
the HEP Entities, on the one hand, and any of the HFC Entities, on the other hand, arising out of or relating to this Agreement, the Master Agreements, or the Services and Secondment Agreement, or the alleged breach hereof and thereof, or in any way
relating to the subject matter of this Agreement, the Master Agreements, or the Services and Secondment Agreement, regardless of whether (a) allegedly extra-contractual in nature, (b) sounding in contract, tort or otherwise,
(c) provided for by Applicable Law or otherwise or (d) seeking damages or any other relief, whether at law, in equity or otherwise. 

“Artesia Blending Facility” means the two tanks and related equipment for the unloading and blending of ethanol and
biodiesel at the refined product truck rack located at the refinery owned by HollyFrontier Navajo in Artesia, New Mexico. 

“Artesia-Orla Pipeline” means the 12” refined products pipeline extending from the refinery owned by
HollyFrontier Navajo in Artesia, New Mexico to the Orla Truck Terminal, which pipeline is owned by HEP Pipeline. 
 “Artesia Rail
Yard Facility” means (a) the railroad track siding consisting of approximately 8,300 track feet of siding (rail storage) and two mainline switches and three industry switches located on certain land leased by HFRM from the
Operating Partnership pursuant to that certain Track Lease Agreement effective as of November 1, 2014 by and between HEP Refining and HFRM, pursuant to which HEP Refining agreed to lease to HFRM, and HFRM agreed to lease from HEP Refining, the
Artesia Rail Yard Facility, and (b) HEP Refining’s leasehold interest, as tenant, under the BNSF Lease (New Mexico), and (c) HEP Refining’s leasehold interest, as landlord, under that certain Sublease Agreement effective as of
November 1, 2014 by and between HEP Refining and HFRM, pursuant to which HEP Refining agreed to sublease to HFRM, and HFRM agreed to sublease from HEP Refining, the BNSF Land (New Mexico). 

“Assets” means the Transferred Assets and the Other Assets, collectively. 

“Beeson Pipeline” means the 8” crude oil pipeline extending from Beeson station to Lovington, New Mexico, owned
by HEP Pipeline. 
 “Beeson Pipeline Purchase Agreement” means that certain Asset Purchase Agreement dated as of
December 1, 2009, by and among HFC, Navajo Pipeline and HEP Pipeline, pursuant to which Navajo Pipeline agreed to transfer and convey to HEP Pipeline, and HEP Pipeline agreed to acquire, the Beeson Pipeline. 

  
 B-2 

 “Beeson to Lovington System Expansion” means the following project
undertaken by HEP Pipeline: the installation of a larger pump at the Beeson station and the replacement of five miles of existing 8-inch pipeline with 10-inch pipeline
beginning at the Beeson station end of the Beeson Pipeline. 
 “BNSF Land (New Mexico)” means the land located in
Eddy County, New Mexico leased to HEP Refining pursuant to the BNSF Lease (New Mexico). 
 “BNSF Land (Tulsa)” means the
land located in Tulsa County, Oklahoma leased to HEP Tulsa pursuant to the BNSF Lease (Tulsa). 
 “BNSF Lease (New
Mexico)” means that certain Lease of Land Including New Track Construction dated to be effective as of February 14, 2014, pursuant to which HEP Reining agreed to lease from BNSF Railway Company the BNSF Land (New Mexico). 

“BNSF Lease (Tulsa)” means that certain Lease of Land for Construction/Rehabilitation of Track dated to be effective
as of June 23, 2016, pursuant to which HEP Tulsa agreed to lease from BNSF Railway Company the BNSF Land (Tulsa). 

“Business Day” means any day other than Saturday, Sunday or other day upon which commercial banks in Dallas, Texas are
authorized by law to close. 
 “Catoosa Lubes Terminal” means that certain water port terminal and related
facilities located in Rogers County, Oklahoma, near the Port of Catoosa, Oklahoma, and more fully described in that certain Amended and Restated Lease Agreement, dated August 1, 2007, between the City of Tulsa-Rogers County Port Authority (the
“Port Authority”) and Petro Source Terminals, LLC, as amended by that certain First Amendment of Amended and Restated Lease Agreement, dated August 1, 2017, between the Port Authority and NGL Crude Terminals, LLC, as modified
by that certain Lease Assignment and Assumption Agreement, dated June 1, 2018, between the Port Authority, NGL Crude Terminals, LLC and HEP Oklahoma LLC. 

“Change of Control” means, with respect to any Person (the “Applicable Person”), any of the following
events: 
 (a) any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all
or substantially all of the Applicable Person’s assets to any other Person unless immediately following such sale, lease, exchange, or other transfer such assets are owned, directly or indirectly, by the Applicable Person; 

(b) the consolidation or merger of the Applicable Person with or into another Person pursuant to a transaction in which the
outstanding Voting Securities of the Applicable Person are changed into or exchanged for cash, securities, or other property, other than any such transaction where 

(i) the outstanding Voting Securities of the Applicable Person are changed into or exchanged for Voting Securities of a
surviving Person or its parent and 
 (ii) the holders of the Voting Securities of the Applicable Person immediately prior to
such transaction own, directly or indirectly, not less than a majority of the Voting Securities of the surviving Person or its parent immediately after such transaction; and 

  
 B-3 

 (c) a “person” or “group” (within the meaning of
Sections 13(d) or 14(d)(2) of the Securities Exchange Act of 1934, as amended) (in the case of HFC, other than a group consisting of some of all of the current control persons of HFC), being or becoming the “beneficial owner”
(as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, as amended) of more than 50% of all of the then outstanding Voting Securities of the
Applicable Person, except in a merger or consolidation that would not constitute a Change of Control under clause (b) above. 

“Cheyenne Assets” is defined in the November 2011 Frontier Drop Down LLC Interest Purchase Agreement. 

“Cheyenne Logistics” is defined in the introduction to this Agreement. 

“Cheyenne New Tank” means petroleum storage tank no. 117 located at the Cheyenne Refinery Complex. 

“Claim” means any existing or threatened future claim, demand, suit, judgment, settlement, action, investigation,
proceeding, governmental action, cause of action, claims, demands, causes of action, suits, judgments, settlements, fines, penalties, costs, and expenses (including court costs and reasonable attorneys’ and experts’ fees) of any kind or
character (in each case, whether civil, criminal, investigative or administrative), known or unknown, under any theory, including those based on theories of contract, tort, statutory liability, strict liability, employer liability, premises
liability, products liability, breach of warranty or malpractice of any and every kind or character, known or unknown, fixed, contingent or suffered. 

“Claimant” is defined in Section 8.2(a). 

“Closing Date” means 

(a) for all sections other than Articles III and VII, July 13, 2004, the date of the closing of HEP’s
initial public offering, and 
 (b) for purposes of Articles III and VII, Closing Date means, with respect to a
group of assets, the effective date of the purchase of such assets or the stock, partnership interests or membership interests of the entity that directly or indirectly owns such assets, by a HEP Entity (such Closing Date being shown in Exhibit
D, column (a)). 
 “Contribution Agreement” means that certain Contribution, Conveyance and Assumption
Agreement, dated as of July 13, 2004, among HFC, Navajo Pipeline, the General Partner, HEP, the OLP GP, the Operating Partnership and certain other parties, together with the additional conveyance documents and instruments contemplated or
referenced thereunder. 
 “control” means the possession, directly or indirectly, of the power to direct or cause
the direction of the management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise. 

“Covered Environmental Losses” means Environmental Claims to the extent arising from: 

 

	 	(a)	 any violation or correction of violation of Environmental Laws associated with the ownership or operation of
the Assets, or 

  
 B-4 

	 	(b)	 any event or condition associated with ownership or operation of the Assets (including, the presence of
Hazardous Substances on, under, about or migrating from the Assets or the disposal or release of Hazardous Substances generated by operation of the Assets at any non-Asset locations), including:

  

	 	(i)	 the cost and expense of any investigation, assessment, evaluation, monitoring, containment, cleanup, repair,
restoration, remediation, or other corrective action required or necessary under Environmental Laws; 

  

	 	(ii)	 the cost or expense of the preparation and implementation of any closure, remedial, corrective action, or other
plans required or necessary under Environmental Laws; and 

  

	 	(iii)	 the cost and expense for any environmental or Toxic Tort pre-trial,
trial, or appellate legal or litigation support work. 

 “Disposition Notice” is defined in
Section 5.2(a). 
 “Effective Date” is defined in the introduction to this Agreement. 

“El Dorado Assets” is defined in the November 2011 Frontier Drop Down LLC Interest Purchase Agreement. 

“El Dorado Logistics” is defined in the introduction to this Agreement. 

“El Dorado New Tank” means petroleum products storage tanks no. 647 and no. 651 located at the El Dorado Refinery
Complex. 
 “El Dorado Operating” is defined in the introduction to this Agreement. 

“El Dorado Osage” is defined in the introduction to this Agreement. 

“El Dorado Refinery Assets” means “Assets” as defined in that certain LLC Interest Purchase Agreement dated
as of October 30, 2015 and effective as of November 1, 2015 by and among HollyFrontier El Dorado, HFC and the Operating Partnership, pursuant to which HollyFrontier El Dorado agreed sell to the Operating Partnership all of the issued and
outstanding limited liability company interests in El Dorado Operating. 
 “El Dorado Repurchased Tanks” means tank
243 and tank 244 located at the El Dorado Terminal that were repurchased by HollyFrontier El Dorado from El Dorado Logistics effective January 1, 2017. 

“El Dorado Terminal” means that certain petroleum products tank farm located in El Dorado Kansas, and more
particularly described in that certain Membership Interest Purchase Agreement dated as of March 6, 2015 by and between El Dorado Logistics and Rimrock Midstream, LLC, as such terminal may be modified, expanded or upgraded from time to time.

 “El Paso Hawkins Terminal” means the El Paso Hawkins Terminal as defined in that certain Refined Products
Terminal Transfer Agreement effective as of February 22, 2016 between HEP Refining Assets and El Paso Operating, pursuant to which El Paso Operating acquired the El Paso Hawkins Terminal. 

  
 B-5 

 “El Paso Operating” is defined in the introduction to this
Agreement. 
 “Environmental Claims” means environmental and Toxic Tort Liabilities and Claims of any and every kind
or character, known or unknown, fixed or contingent. 
 “Environmental Costs” means (i) the cost and expense of
any investigation, assessment, evaluation, monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action required or necessary under Environmental Laws, (ii) the cost or expense of the preparation and
implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (iii) the cost and expense for any Environmental Claim, including pre-trial,
trial, or appellate legal or litigation support work. 
 “Environmental Laws” means all federal, state and local
laws, statutes, rules, regulations, orders and ordinances, now or hereafter in effect, relating to protection of the environment, including the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments
Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation
Act, and other environmental conservation and protection laws, each as amended from time to time. 
 “First ROFR Acceptance
Deadline” is defined in Section 5.2(b). 
 “Force Majeure” means acts of God,
strikes, lockouts or other industrial disturbances, acts of the public enemy, wars (whether or not an official declaration is made thereof), terrorist attacks, blockades, insurrections, riots, epidemics, landslides, lightening, earthquakes, fires,
hurricanes, storms, floods, washouts, freezeoffs, arrests, the order of any Governmental Authority having jurisdiction while the same is in force and effect, civil disturbances, explosions, breakage, accident to machinery, equipment, storage tanks
or lines of pipe, repairs, maintenance, inability to obtain or unavoidable delay in obtaining permits, material or equipment, and any other causes whether of the kind herein enumerated or otherwise not reasonably within the control of the Party
claiming suspension and which by the exercise of due diligence such Party is unable to prevent or overcome. Notwithstanding anything in this Agreement to the contrary, inability of a Party to make payments when due, be profitable or to secure funds,
arrange bank loans or other financing, obtain credit or have adequate capacity or production (other than for reasons of Force Majeure) shall not be regarded as events of Force Majeure. 

“Frontier Aspen Pipeline” means the Frontier Aspen Pipeline as defined in the Frontier Aspen Membership Purchase
Agreement. 
 “Frontier Aspen Membership Purchase Agreement” means that certain Membership Interest Purchase
Agreement dated effective August 7, 2017 between Plains Pipeline, L.P. and HEP Casper SLC, LLC. 
 “General
Partner” is defined in the introduction to this Agreement. 
 “Governmental Authority” means any
federal, state, local or foreign government or any provincial, departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental
functions or any court, department, commission, board, bureau, agency, instrumentality or administrative body of any of the foregoing. 

  
 B-6 

 “Hazardous Substance” means (a) any substance that is
designated, defined or classified as a hazardous waste, hazardous material, pollutant, contaminant, or toxic or hazardous substance, or that is otherwise regulated under any Environmental Law, including, any hazardous substance as defined under the
Comprehensive Environmental Response, Compensation, and Liability Act, and (b) petroleum, crude oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel and other refined petroleum hydrocarbons. 

“HEP” is defined in the introduction to this Agreement. 

“HEP El Dorado” is defined in the introduction to this Agreement. 

“HEP Entities” is defined in the introduction to this Agreement. 

“HEP Entity” means any of the HEP Entities. 

“HEP Group” means the HEP Entities and any Subsidiary of any such Person, all of which are treated as a single
consolidated entity for purposes of this Agreement. 
 “HEP Group Member” means any member of the HEP Group. 

“HEP Pipeline” is defined in the introduction to this Agreement. 

“HEP Refining” is defined in the introduction to this Agreement. 

“HEP Refining Assets” is defined in the introduction to this Agreement. 

“HEP Tulsa” is defined in the introduction to this Agreement. 

“HEP UNEV” is defined in the introduction to this Agreement. 

“HEP UNEV Pipeline” is defined in the introduction to this Agreement. 

“HFC” is defined in the introduction to this Agreement. 

“HFC Group” means the HFC Entities and any Person controlled, directly or indirectly, by HFC other than the HEP
Entities. 
 “HFC Group Member” means any member of the HFC Group. 

“HFRM” is defined in the introduction to this Agreement. 

“HollyFrontier Cheyenne” is defined in the introduction to this Agreement. 

“HollyFrontier El Dorado” is defined in the introduction to this Agreement. 

“HollyFrontier Navajo” is defined in the introduction to this Agreement. 

“HollyFrontier Transportation” is defined in the introduction of this Agreement. 

“HollyFrontier Tulsa” is defined in the introduction to this Agreement. 

“HollyFrontier Woods Cross” is defined in the introduction to this Agreement. 

  
 B-7 

 “Holly GP” is defined in the introduction to this Agreement. 

“Indemnified Claims” means losses, damages, liabilities, Claims, demands, causes of action, judgments, settlements,
fines, penalties, costs, and expenses (including, court costs and reasonable attorney’s and expert’s fees) of any and every kind or character. 

“Indemnified Party” means all or part of either the HEP Entities or the HFC Entities, as the case may be, in their
capacity as the parties entitled to indemnification in accordance with Article III. 
 “Indemnifying Party”
means all or part of either the HEP Entities or the HFC Entities, as the case may be, in their capacity as the parties from whom indemnification may be required in accordance with Article III. 

“Initial Tank Inspections” is defined in Section 7.1. 

“Initial Tank Inspection Period” is defined in Section 7.1 

“Liability” means with respect to any Person, any economic losses (including, diminution in value and lost profits
suffered by third parties to the extent an Indemnified Party is required to pay for such damages), damages, injuries (including, personal injury and death), liabilities, of any and every kind or character, known or unknown, fixed, contingent or
suffered. 
 “Limited Partner” is defined in the Partnership Agreement. 

“Malaga Pipeline System” means the Pipeline System, as such term is defined in the Malaga TSA. 

“Malaga TSA” means that certain Amended and Restated Transportation Services Agreement (Malaga) dated as of
September 26, 2014 by and between HFRM and Operating Partnership, pursuant to which Operating Partnership provides certain transportation services for HFRM on the Malaga Pipeline System, as such agreement may be amended, modified or replaced
from time to time. 
 “March 2010 Drop Down LLC Interest Purchase Agreement” means that certain
LLC Interest Purchase Agreement dated as of March 31, 2010, by and among HFC, Lea Refining Company, HollyFrontier Tulsa, HEP Refining and HEP Tulsa, pursuant to which HFC, Lea Refining Company and HollyFrontier Tulsa agreed to transfer and
convey to HEP Refining and HEP Tulsa the Additional Tulsa East Assets and the Additional Lovington Assets. 
 “Master
Agreements” means the Master Lease and Access Agreement, Master Site Services Agreement, Master Systems Operating Agreement, Master Throughput Agreement and Master Tolling Agreements. 

“Master Lease and Access Agreement” means that certain Fifth Amended and Restated Master Lease and Access Agreement
dated effective as of October 29, 2018 among certain of the HEP Entities and the Refinery Owners. 
 “Master Site Services
Agreement” means that certain Third Amended and Restated Master Site Services Agreement dated effective as of October 1, 2016, as amended, among certain of the HEP Entities and the Refinery Owners. 

  
 B-8 

 “Master Systems Operating Agreement” means that certain Amended and
Restated Master Systems Operating Agreement dated as of February 22, 2016 among certain of the HEP Entities and the Refinery Owners. 

“Master Throughput Agreement” means that certain Fourth Amended and Restated Master Throughput Agreement effective as
of June 1, 2018, between the Operating Partnership and HFRM. 
 “Master Tolling Agreements” means that certain
Master Tolling Agreement (Refinery Assets) dated effective as of November 1, 2015, as amended dated effective as of January 1, 2017, between HollyFrontier El Dorado and the Operating Partnership, and that certain Amended and Restated
Master Tolling Agreement (Operating Assets) dated effective as of October 1, 2016, as amended dated effective as of January 1, 2017, between HollyFrontier El Dorado, HollyFrontier Woods Cross and the Operating Partnership, and as amended
by that certain Second Amendment to Amended and Restated Master Tolling Agreement (Operating Assets) dated October 29, 2018. 

“Navajo Pipeline” is defined in the introduction to this Agreement. 

“Net Recovery” is defined in Section 3.7(f). 

“NWNAL Assets” means those assets described in Section 8(a)(i)(2) of the SLC Pipeline
Membership Purchase Agreement. 
 “North Loco Tanks” means the Facilities as defined in that certain Conveyance,
Assignment and Bill of Sale (Tanks 1075, 1076 and 1077) effective as of December 8, 2017 by and between HollyFrontier Transportation and HEP Pipeline. 

“November 2011 Frontier Drop Down LLC Interest Purchase Agreement” means that certain LLC Interest Purchase Agreement
effective as of November 1, 2011, by and among HFC, HollyFrontier Cheyenne, HollyFrontier El Dorado, the Operating Partnership and HEP, pursuant to which HollyFrontier Cheyenne and HollyFrontier El Dorado agreed sell to the Operating
Partnership the entities that own the Cheyenne Assets and the El Dorado Assets. 
 “Offer” is defined in
Section 2.4(a) 
 “Offer Price” is defined in
Section 5.2(a)(iii). 
 “OLP GP” is defined in the introduction to this Agreement. 

“Operating Partnership” is defined in the introduction to this Agreement. 

“Original Omnibus Agreement” is defined in the recitals to this Agreement. 

“Orla Truck Terminal” means a truck terminal in Orla, Texas to be constructed by HEP Fin-Tex/Trust-River, L.P., consisting primarily of a truck rack with three loading bays and a tank with shell capacity of approximately 50,000 barrels, which will be connected to the Artesia-Orla Pipeline. 

“Osage” means Osage Pipe Line Company, LLC, a Delaware limited liability company. 

“Osage Membership Interest” means a fifty percent (50%) limited liability company membership interest in Osage. 

  
 B-9 

 “Other Assets” means those assets owned by a HEP Entity that serve
the Refineries and were not conveyed, contributed, or otherwise transferred, directly or indirectly by the HFC Entities to the HEP Entities, as indicated in column (a) of Exhibit D, Part 2; provided, that for the purposes of
Section 3.2, Other Assets shall not include that certain 8” pipeline extending 50 miles from the White City Station that was formerly used as a refined products pipeline and that was conveyed to the HEP Entities as
part of the 2004 Product Pipelines, Terminal and Related Assets. 
 “Partnership Agreement” means the Second Amended
and Restated Agreement of Limited Partnership of Holly Energy Partners, L.P. dated as of October 31, 2017. No amendment or modification to the Partnership Agreement subsequent to the date of this Agreement shall be given effect for the purposes
of this Agreement unless consented to by each of the Parties. 
 “Party” means any one of the entities listed on the
signature page to this Agreement, collectively the “Parties”. 
 “Permitted Assets” is defined in
Section 2.2(d). 
 “Person” means an individual or a corporation, limited liability
company, partnership, joint venture, trust, unincorporated organization association, government agency or political subdivision thereof or other entity. 

“Post-Closing Covered Environmental Losses” means, to the extent such violation, event or condition occurred after the
Closing Date: 
  

	 	(a)	 any violation or correction of violation of Environmental Laws associated with the operation of the Transferred
Assets by a Person other than a HFC Entity or ownership and operation of the Transferred Assets by a Person other than a HFC Entity, or 

  

	 	(b)	 any event or condition associated with the ownership and/or operation of the Transferred Assets by a Person
other than a HFC Entity (including the presence of Hazardous Substances on, under, about or migrating to or from the Transferred Assets or the disposal or release of Hazardous Substances generated by operation of the Transferred Assets) including,
the Environmental Costs; 

 provided, however, that nothing stated above shall make the HEP Entities responsible for any post-Closing Date
negligent actions or omissions or willful misconduct by any of the HFC Entities. 
 “PPI” means the Producers Price
Index-Commodities-Finished Goods, (PPI), et al. 
 “PPI Adjustment” means the upper change in the annual change
rounded to four decimal places of the PPI, produced by the U.S. Department of Labor, Bureaus of Labor Statistics. The series ID is WPUFD49207 – located at http://www.bls.gov/data/. The change factor shall be calculated as follows: annual PPI
index (most current year) less annual PPI index (most current year minus 1) divided by annual PPI index (most current year minus 1). An example for year 2014 change is: PPI (2013) – PPI (2012)] / PPI (2012) or (197.3 –
193.3) / 193.3 or .021 or 2.1%. If the PPI change is negative in a given year then there will be no change in the Administrative Fee. 

  
 B-10 

 “Pre-Closing Covered Environmental
Losses” means, to the extent such violation, event or condition occurred before the Closing Date: 
  

	 	(a)	 any violation or correction of violation of Environmental Laws associated with the ownership or operation of
the Transferred Assets by a Person other than a HEP Entity or ownership and operation of the Transferred Assets by a Person other than a HEP Entity, or 

 

	 	(b)	 any event or condition associated with ownership and/or operation of the Transferred Assets by a Person other
than a HEP Entity (including, the presence of Hazardous Substances on, under, about or migrating to or from the Transferred Assets or the disposal or release of Hazardous Substances generated by operation of the Transferred Assets), including, the
Environmental Costs. 

 provided, however, that nothing stated above shall make the HFC Entities responsible for any pre-Closing Date negligent actions omissions or willful misconduct by any of the HEP Entities. 

“Previous Amended and Restated Omnibus Agreement” is defined in the introduction to this Agreement. 

“Proposed Transferee” is defined in Section 5.2(a)(i). 

“Prudent Industry Practice” means such practices, methods, acts, techniques, and standards as are in effect at the
time in question that are consistent with (a) the standards generally followed by the United States pipeline and terminalling industries or (b) such higher standards as may be applied or followed by the HFC Entities in the performance of
similar tasks or projects, or by the HEP Entities in the performance of similar tasks or projects. 
 “Purchase Option
Agreement” has the meaning set forth in the Asset Purchase Agreement, dated August 1, 2009, between HollyFrontier Tulsa, as the seller, and HEP Tulsa, as the buyer. 

“Refinery” or “Refineries” means each of the Refinery Complexes identified in the Master Lease
and Access Agreement. 
 “Refinery Owners” means each of the HFC Entities that own one or more of the Refineries.

 “Respondent” is defined in Section 8.2(a). 

“Restricted Business” or “Restricted Businesses” means the ownership or operation of crude oil
pipelines or terminals, intermediate petroleum product pipelines or terminals, refined petroleum products pipelines, terminals, truck racks or crude oil gathering systems in the continental United States. 

“Retained Assets” means the pipelines, terminals and other assets and investments owned by any HFC Group Member on the
date of the Contribution Agreement that were not conveyed, contributed or otherwise transferred to the HEP Entities pursuant to the Contribution Agreement or otherwise. 

“Roadrunner” is defined in the introduction to this Agreement. 

“Roadrunner Pipeline” means 16” crude oil pipeline extending from Slaughter station in Texas to Lovington, New
Mexico owned by Roadrunner. 
 “Roadrunner Pipeline Purchase Agreement” means that certain LLC Interest Purchase
Agreement dated as of December 1, 2009 by and among Navajo Pipeline and the Operating Partnership, pursuant to which the Operating Partnership acquired, all of the outstanding limited liability company interests of Roadrunner, the entity that
owns the Roadrunner Pipeline. 

  
 B-11 

 “ROFR Acceptance Deadline” means the First ROFR Acceptance Deadline
or the Second ROFR Acceptance Deadline, as applicable, both as defined in Section 5.2(b) and (c). 

“Sale Assets” is defined in Section 5.2(a)(ii). 

“Second ROFR Acceptance Deadline” is defined in Section 5.2(c). 

“Services and Secondment Agreement” means that certain Third Amended and Restated Services and Secondment Agreement
dated effective as of October 1, 2016, by and among Holly GP, the Operating Partnership, Cheyenne Logistics, El Dorado Logistics, El Dorado Operating, HEP Tulsa, Woods Cross Operating, HollyFrontier Payroll Services, Inc., a Delaware
corporation, HollyFrontier Cheyenne, HollyFrontier El Dorado, HollyFrontier Tulsa and HollyFrontier Woods Cross. 

“Sinclair” means Sinclair Tulsa Refining Company. 

“Sinclair Purchase Agreement” means that certain Asset Sale and Purchase Agreement dated as of October 19, 2009,
by and among HollyFrontier Tulsa, HEP Tulsa and Sinclair, pursuant to which HEP Tulsa acquired the Sinclair Transferred Assets. 

“Sinclair Transferred Assets” means the HEP Tulsa Assets as defined in the Sinclair Purchase Agreement. 

“SLC Pipeline” means the SLC Pipeline as defined in the SLC Pipeline Membership Interest Purchase Agreement. 

“SLC Pipeline Membership Purchase Agreement” means that certain Membership Interest Purchase Agreement dated effective
August 7, 2017, between Rocky Mountain Pipeline System LLC and HEP SLC, LLC. 
 “Storage and Handling
Agreement” means that certain Storage and Handling Agreement dated February 21, 1997, between the Operating Partnership and Alon U.S.A., L.P., as amended effective January 1, 2004, September 1, 2008 and March 1,
2011. 
 “Third Party” means a Person which is not (a) HEP or an Affiliate of HEP, (b) HFC or an affiliate
of HFC, (c) a Person that, after the signing of this Agreement becomes a successor entity of HEP, HFC or any of their respective Affiliates. An employee of HFC or HEP shall not be deemed an Affiliate. 

“Toxic Tort” means a Claim or cause of action arising from personal injury or property damage incurred by the
plaintiff that is alleged to have been caused by exposure to, or contamination by, Hazardous Substances that have been released into the environment by or as a result of the actions or omissions of the defendant. 

“Transfer” including the correlative terms “Transferring” or “Transferred” means any
direct or indirect transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance, or any other disposition (whether voluntary, involuntary or by operation of law) of the Assets. 

  
 B-12 

 “Transferred Assets” means all of the assets conveyed, contributed,
or otherwise transferred, directly or indirectly (including by transfer or sale of the entity that owns such assets or the entity that owns the interests in the entity that owns such assets) that serve the Refineries, by the HFC Entities to the HEP
Entities, as indicated in column (a) of Exhibit D, Part 1; provided that for the purposes of Section 3.2, the term “Transferred Assets” shall include (a) that certain 8” pipeline
extending 50 miles from the White City Station that was formerly used as a refined products pipeline and that was conveyed to the HEP Entities as part of the 2004 Product Pipelines, Terminal and Related Assets, and (b) the Tulsa West Crude Tank
Assets. 
 “Transferred Tanks” means the tanks included in the Assets, as indicated in column (h) of Exhibit
D, provided however that from and after January 1, 2017, such tanks shall not include the El Dorado Repurchased Tanks. 

“Tulsa Interconnecting Pipelines” means the Interconnecting Pipelines as defined in the Tulsa Throughput Agreement.

 “Tulsa New Tanks” means petroleum products storage tank nos. 45 and 444A located at the Tulsa Refinery Complex.

 “Tulsa Purchase Agreement” means that certain Asset Purchase Agreement dated as of August 1, 2009, by and
between HollyFrontier Tulsa and HEP Tulsa, pursuant to which HollyFrontier Tulsa transferred and conveyed to HEP Tulsa, and HEP Tulsa acquired, the Tulsa Transferred Assets. 

“Tulsa Rail Yard Facility” means (a) the railroad track siding consisting of approximately (i) Five Thousand
Twenty (5,020) track feet of runaround track, (ii) Seven Thousand Three Hundred (7,300) of inbound and outbound track, (iii) One Thousand Three Hundred (1,300) track feet of maintenance and engine storage track, (iv) Nine Thousand
Eight Hundred Eighty (9,880) track fee of rail car storage, (v) One (1) mainline switch, and (vi) Fifteen (15) industry switches located on certain land situated at or near the railway station of Tulsa, County of Tulsa, Oklahoma and leased
by HFRM from HEP Tulsa pursuant to that certain Track Lease Agreement effective as of December 13, 2017 by and between HEP Tulsa and HFRM, pursuant to which HEP Tulsa agreed to lease to HFRM, and HFRM agreed to lease from HEP Tulsa, the Tulsa
Rail Yard Facility, (b) HEP Tulsa’s leasehold interest, as tenant, under the BNSF Lease (Tulsa), pursuant to which HEP Tulsa agreed to lease from BNSF Railway Company the BNSF Land (Tulsa), (c) HEP Tulsa’s leasehold interest, as
landlord, under that certain Sublease Agreement effective as of December 13, 2017 by and between HEP Tulsa and HFRM, pursuant to which HEP Tulsa agreed to sublease to HFRM, and HFRM agreed to sublease from HEP Tulsa, the BNSF Land (Tulsa), (d)
HEP Tulsa’s interest, as licensee, under that certain Equipment Sites, Access and Rail Line License Agreement, effective August 1, 2009, between HollyFrontier Tulsa and HEP Tulsa, as amended by that certain First Amendment to Equipment
Sites, Access and Rail Line License Agreement, effective as of December 13, 2017, by and between HollyFrontier Tulsa and HEP Tulsa, and (e) HEP Tulsa’s interest, as sublicensor, under that Sublicense Agreement effective
December 13, 2017, between HEP Tulsa and HFRM. 
 “Tulsa Throughput Agreement” means that certain Second
Amended and Restated Pipelines, Tankage and Loading Rack Throughput Agreement (Tulsa East), dated as of August 31, 2011, pursuant to which HEP Tulsa agreed to provide transportation services to HollyFrontier Tulsa with respect to the Tulsa
Interconnecting Pipelines. 
 “Tulsa Transferred Assets” means the Transferred Assets as defined in the Tulsa
Purchase Agreement. 

  
 B-13 

 “Tulsa West Crude Tank Assets” means the Leased Property as defined
in the Bill of Sale, Assignment and Assumption Agreement dated as of March 31, 2016 between Plains Marketing, L.P. and HEP Tulsa. 

“UNEV LLC Interest Purchase Agreement” means that certain LLC Interest Purchase Agreement dated as of July 12,
2012, by and among HFC, HEP UNEV and HEP, pursuant to which HFC agreed to sell to HEP UNEV the entity that owns 75% of all of the issued and outstanding membership interests of UNEV Pipeline, LLC, the entity that owns the UNEV Pipeline. 

“UNEV Pipeline” means, collectively, an approximately 400 mile, 12-inch
refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals in or near Cedar City, Utah and Las Vegas, Nevada and other related assets owned by UNEV Pipeline, LLC. 

“UNEV Profits Interest” means the membership interest in HEP UNEV held directly or indirectly by HFC. 

“Voting Securities” means securities of any class of a Person entitling the holders thereof to vote on a regular basis
in the election of members of the board of directors or other governing body of such Person. 
 “Wood Cross
Operating” is defined in the introduction to this Agreement. 
 “Woods Cross Refinery Assets” has the
meaning ascribed to the term “Assets” in that certain LLC Interest Purchase Agreement dated as of October 3, 2016 and effective as of October 1, 2016 by and among HollyFrontier Woods Cross, HFC and the Operating Partnership,
pursuant to which HollyFrontier Woods Cross agreed to sell to the Operating Partnership all of the issued and outstanding limited liability company interests in Woods Cross Operating. 

  
 B-14 

 Exhibit C 

to 
 Nineteenth Amended
and Restated Omnibus Agreement 
  
  

Interpretation 
 As used in this
Agreement, unless a clear contrary intention appears: 
 (a) any reference to the singular includes the plural and vice
versa, any reference to natural persons includes legal persons and vice versa, and any reference to a gender includes the other gender; 

(b) the words “hereof”, “hereby”, “herein” and “hereunder” and words of similar import,
when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement; 

(c) any reference to Articles, Sections and Exhibits are, unless otherwise stated, references to Articles, Sections and
Exhibits of or to this Agreement and references in any Section or definition to any clause means such clause of such Section or definition. The headings in this Agreement have been inserted for convenience only and shall not be taken into account in
its interpretation; 
 (d) reference to any agreement (including this Agreement), document or instrument means such
agreement, document, or instrument as amended, modified or supplemented and in effect from time to time in accordance with the terms thereof and, if applicable, the terms of this Agreement; 

(e) the Exhibits hereto form an integral part of this Agreement and are equally binding therewith. Any reference to “this
Agreement” shall include such Exhibits; 
 (f) references to a Person shall include any permitted assignee or successor
to such Party in accordance with this Agreement and reference to a Person in a particular capacity excludes such Person in any other capacity; 

(g) if any period is referred to in this Agreement by way of reference to a number of days, the days shall be calculated
exclusively of the first and inclusively of the last day unless the last day falls on a day that is not a Business Day in which case the last day shall be the next succeeding Business Day; 

(h) the use of “or” is not intended to be exclusive unless explicitly indicated otherwise; 

(i) references to “$” or to “dollars” shall mean the lawful currency of the United States of America; and

 (j) the words “includes,” “including,” or any derivation thereof shall mean “including without
limitation” or “including, but not limited to.” 

  
 C-1 

 Exhibit D 

to 
 Nineteenth Amended
and Restated Omnibus Agreement 
  
  

Asset Indemnification Summary 
 Part 1:
Transferred Assets: 
  

															
	 (a)
	 	 (b)
	 	 (c)
	 	 (d)
	 	 (e)
	 	 (f)
	 	 (g)
	 	 (h)

	 TRANSFERRED ASSET AND
CLOSING DATE
	 	 HFC
ENVIRONMENTAL

(Expiration Date)
	 	
HEP
ENVIRONMENTAL1
	 	
RIGHT-OF-WAY
	 	 ADDITIONAL
INDEMNITIES
	 	 OPERATIONAL

INDEMNITY
	 	 RIGHT OF

FIRST
REFUSAL
	 	 INCLUDES
TRANSFERRED
TANKS

		 	 Indemnity from HFC to HEP for Pre-Closing Covered Environmental
Losses under Section 3.2(a) / Aggregate cap on HFC environmental indemnity in Section 3.1(b)
 (expiration date of
indemnity)
	 	Indemnity from HEP to HFC for Post-Closing Covered Environmental Losses under Section 3.4(a)	 	 Right-of-Way Indemnity under
Sections 3.2(a)(iii) and 3.2(a)(iv)
 (expiration date of indemnity)
	 	 Additional Indemnities under Section 3.2(a)(vi)

(expiration date of indemnity)2
	 	Additional Indemnities under Section 3.5	 	Right of First Refusal under Article V	 	
	 2004 Product Pipelines, Terminal and Related Assets (July 13, 2004)
	 	 $15,000,000

(July 13, 2014)
	 	✓	 	 ✓

(July 13, 2014)
	 	 ✓

(July 13, 2009)
	 	✓	 	✓	 	No
	 8” and 10” Lovington/Artesia Intermediate Pipelines (June 1, 2009)
	 	 $2,500,000

(June 1, 2019)
	 	✓	 	 ✓

(June 1, 2019)
	 	 ✓

(June 1, 2014)
	 	✓	 	✓	 	No

  

	1 	 Where subsurface rights are not transferred to the HEP Entities, the HEP Entities have no liabilities for
subsurface contamination unless caused by an HEP Entity. 

	2 	 Notification of Claim must be provided prior to date noted. 

  
 D-1 

															
	 (a)
	 	 (b)
	 	 (c)
	 	 (d)
	 	 (e)
	 	 (f)
	 	 (g)
	 	 (h)

	 TRANSFERRED ASSET AND
CLOSING DATE
	 	 HFC
ENVIRONMENTAL

(Expiration Date)
	 	 HEP
ENVIRONMENTAL
	 	
RIGHT-OF-WAY
	 	 ADDITIONAL
INDEMNITIES
	 	 OPERATIONAL

INDEMNITY
	 	 RIGHT OF

FIRST
REFUSAL
	 	 INCLUDES
TRANSFERRED
TANKS

	 2008 Crude Pipelines, Tanks and Related Assets (March 1, 2008)
	 	 $7,500,000

(March 1, 2023)
	 	✓	 	 ✓

(March 1, 2023)
	 	 ✓

(March 1, 2013)
	 	✓	 	✓	 	Yes
	 16” Lovington/Artesia Intermediate Pipeline (June 1, 2009)
	 	None	 	✓	 	 ✓

(June 1, 2019)
	 	 ✓

(June 1, 2014)
	 	✓	 	✓	 	No
	 Tulsa Transferred Assets (August 1, 2009)
	 	None	 	None	 	None	 	None	 	None	 	None 3	 	No
	 Beeson Pipeline (December 1, 2009)
	 	None	 	✓	 	 ✓

(December 1, 2019)
	 	 ✓

(December 1, 2014)
	 	✓	 	✓	 	No
	 Roadrunner Pipeline (December 1, 2009)
	 	None	 	✓	 	 ✓

(December 1, 2019)
	 	 ✓

(December 1, 2014)
	 	✓	 	✓	 	No
	 Additional Lovington Assets (March 31, 2010)
	 	 $15,000,000

(March 31, 2020)
	 	✓	 	 ✓

(March 31, 2020)
	 	 ✓

(March 31, 2015)
	 	✓	 	✓	 	No
	 Additional Tulsa East Assets (March 31, 2010)
	 	 unlimited

(no expiration)
	 	None	 	None	 	None	 	None	 	✓	 	No
	 Sinclair Transferred Assets (October 19, 2009)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	Yes
	 Tulsa Interconnecting Pipelines (August 31, 2011)
	 	None	 	✓	 	(August 31, 2021)	 	(August 31, 2016)	 	✓	 	✓	 	No

  

	3 	 Right of first refusal granted to an Affiliate of HFC with respect to the Tulsa Transferred Assets is contained
in the Purchase Option Agreement. 

  
 D-2 

															
	 (a)
	 	 (b)
	 	 (c)
	 	 (d)
	 	 (e)
	 	 (f)
	 	 (g)
	 	 (h)

	 TRANSFERRED ASSET AND
CLOSING DATE
	 	 HFC
ENVIRONMENTAL

(Expiration Date)
	 	 HEP
ENVIRONMENTAL
	 	
RIGHT-OF-WAY
	 	 ADDITIONAL
INDEMNITIES
	 	 OPERATIONAL

INDEMNITY
	 	 RIGHT OF

FIRST
REFUSAL
	 	 INCLUDES
TRANSFERRED
TANKS

	 Cheyenne Assets (November 1, 2011)
	 	 $15,000,000

(November 1, 2021)
	 	✓	 	 ✓

(November 1, 2021)
	 	 ✓

(November 1, 2016)
	 	✓	 	✓	 	Yes
	 El Dorado Assets (November 1, 2011)
	 	 $15,000,000

(November 1, 2021)
	 	✓4 	 	 ✓

(November 1, 2021)
	 	 ✓

(November 1, 2016)
	 	✓	 	✓	 	Yes
	 UNEV Pipeline (July 12, 2012)
	 	None	 	✓	 	 ✓

(July 12, 2022)
	 	 ✓

(July 12, 2017)
	 	✓	 	None 5	 	No
	 El Dorado Refinery Assets (November 1, 2015)
	 	 $15,000,000

(November 1, 2025)
	 	✓	 	 ✓

(November 1, 2025)
	 	 ✓

(November 1, 2020)
	 	✓	 	✓	 	No
	 Osage (February 22, 2016)
	 	None	 	None	 	None	 	None	 	None	 	None 6	 	No
	 Tulsa West Crude Tank Assets (11:59 p.m., March 31, 2016)
	 	 $5,000,000

(11:59 p.m., March 31, 2026)
	 	✓	 	None	 	 ✓

(11:59 p.m., March 31, 2021)7
	 	✓	 	✓	 	No
	 Woods Cross Refinery Assets October 1, 2016
	 	 $15,000,000

October 1, 2026
	 	✓	 	 ✓

October 1, 2026
	 	 ✓

October 1, 2026
	 	✓	 	✓	 	No
	 North Loco Tanks (December 8, 2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No

  

	4 	 However, with respect to the El Dorado Repurchased Tanks, such indemnity is subject to the limitation set forth
in Section 3.4(c). 

	5 	 However, the right of first refusal includes the equity interests of HEP UNEV Holdings LLC, HEP UNEV Pipeline
LLC and UNEV Pipeline, LLC then owned directly or indirectly by the HEP Entities; provided, however, the right of first refusal on the equity interests of UNEV Pipeline, LLC is subject to any rights of the other member(s) of UNEV Pipeline, LLC.

	6 	 However, the right of first refusal includes the equity interests of El Dorado Osage and Osage then owned
directly or indirectly by the HEP Entities; provided, however, the right of first refusal on the equity interests of Osage is subject to any rights of the other member(s) of Osage. 

	7 	 Notwithstanding such expiration date, the indemnity provided for in
Section 3.2(a)(vi)(F) applies only to the Tulsa West Crude Tank Assets and expired at 11:59 p.m. on March 31, 2017. 

  
 D-3 

 Part 2: Other Assets: 
  

															
	 (a)
	 	 (b)
	 	 (c)
	 	 (d)
	 	 (e)
	 	 (f)
	 	 (g)
	 	 (h)

	 OTHER ASSET AND CLOSING
DATE
	 	 HFC ENVIRONMENTAL

(Expiration Date)
	 	 HEP
ENVIRONMENTAL
	 	
RIGHT-OF-WAY
	 	 ADDITIONAL
INDEMNITIES
	 	 OPERATIONAL

INDEMNITY
	 	 RIGHT OF

FIRST
REFUSAL
	 	 INCLUDES
TRANSFERRED
TANKS

		 	 Indemnity from HFC to HEP for Pre-Closing Covered Environmental
Losses under Section 3.2(a) / Aggregate cap on HFC environmental indemnity in Section 3.1(b)
 (expiration date of
indemnity)
	 	Indemnity from HEP to HFC for Post-Closing Covered Environmental Losses under Section 3.4(a)	 	 Right-of-Way Indemnity under
Sections 3.2(a)(iii) and 3.2(a)(iv)
 (expiration date of indemnity)
	 	 Additional Indemnities under Section 3.2(a)(vi)(A)

(expiration date of indemnity)1
	 	Additional Indemnities under Section 3.5	 	Right of First Refusal under Article V	 	
	 Malaga Pipeline System (July 16, 2013, as amended by that certain Amended and Restated
Transportation Services Agreement dated September 26, 2014)
	 	None 8	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 El Dorado New Tank (Tank 647) (January 7, 2014)
	 	None	 	✓	 	 ✓

(January 7, 2024)
	 	None	 	✓	 	✓	 	No
	 Artesia Rail Yard Facility (November 1, 2014)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 El Dorado Terminal (March 6, 2015)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No

  

	8 	 However, Section 3.1(a) covers the 8” pipeline extending 50 miles from White
City Station that was formerly used as a refined products pipeline that was conveyed to HEP as part of the 2004 Product Pipelines, Terminal and Related Assets. 

  
 D-4 

															
	 (a)
	 	 (b)
	 	 (c)
	 	 (d)
	 	 (e)
	 	 (f)
	 	 (g)
	 	 (h)

	 OTHER ASSET AND CLOSING
DATE
	 	 HFC ENVIRONMENTAL

(Expiration Date)
	 	 HEP
ENVIRONMENTAL
	 	
RIGHT-OF-WAY
	 	 ADDITIONAL
INDEMNITIES
	 	 OPERATIONAL

INDEMNITY
	 	 RIGHT OF

FIRST
REFUSAL
	 	 INCLUDES
TRANSFERRED
TANKS

	 Beeson to Lovington System Expansion (March 12, 2015)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 Artesia Blending Facility (March 12, 2015)
	 	None	 	✓	 	 ✓

(March 12, 2025)
	 	None	 	✓	 	✓	 	No
	 Cheyenne New Tank (Tank 117) (December 4, 2014)
	 	None	 	✓	 	 ✓

(December 4, 2029)
	 	None	 	✓	 	✓	 	No
	 Tulsa New Tanks (Tanks 45 and 444A)

(May 1, 2016)
	 	None	 	✓	 	 ✓

(May 1, 2026)
	 	None	 	✓	 	✓	 	No
	 El Dorado New Tank (Tank 651) (September 12, 2016)
	 	None	 	✓	 	 ✓

(September 12, 2026)
	 	None	 	✓	 	✓	 	No
	 SLC Pipeline (October 31, 2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No
	 Frontier Aspen Pipeline (October 31, 2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No
	 NWNAL Assets (October 31, 2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No
	 Tulsa Rail Yard Facility (December 13, 2017)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 Catoosa Lubes Terminal (June 1, 2018)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 Orla Truck Terminal (the Orla Commencement
Date)9
	 	None	 	✓	 	None	 	None	 	✓	 	✓10 	 	No

  

	9 	 As defined in the Master Throughput Agreement. 

	10 	 HFC right of first refusal subject to the rights of ALON under the ALON Purchase Agreement.

  
 D-5 

 Exhibit E 

to 
 Nineteenth Amended
and Restated Omnibus Agreement 
  
  

General and Administrative Services 
  

	 	(1)	 Executive services 

  

	 	(2)	 Finance, including treasury, and administration services 

 

	 	(3)	 Information technology services 

 

	 	(4)	 Internal audit services 

 

	 	(5)	 Legal services 

  

	 	(6)	 Corporate health, safety and environmental services 

 

	 	(7)	 Human resources services 

 

	 	(8)	 Procurement 

  

	 	(9)	 Corporate operations team services 

  
 E-1EX-10.3

 Exhibit 10.3 
  

 
  

CONSTRUCTION PAYMENT AGREEMENT 

(Tulsa Rail Yard) 

BETWEEN 
 HEP TULSA LLC

 AND 

HOLLYFRONTIER REFINING & MARKETING LLC 

with an Effective Date of 

December 13, 2017 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page No.	 
	 ARTICLE I DEFINITIONS AND CONSTRUCTION
	  	 	1	 
			
	 1.1
	 	Certain Defined Terms	  	 	1	 
	 1.2
	 	Interpretation	  	 	1	 
		
	 ARTICLE II CONSTRUCTION OF TRACK; REIMBURSEMENT FOR TRACK CONSTRUCTION
	  	 	2	 
			
	 2.1
	 	Construction of Track	  	 	2	 
	 2.3
	 	Reimbursement for Track Construction	  	 	2	 
	 2.4
	 	Adjustment for Annual Payment Amount	  	 	2	 
	 2.5
	 	Place of Payment	  	 	2	 
	 2.6
	 	Early Termination	  	 	2	 
		
	 ARTICLE III DEFAULTS; REMEDIES; TERMINATION
	  	 	2	 
			
	 3.1
	 	Default by HFRM	  	 	2	 
	 3.2
	 	HEP’s Remedies	  	 	3	 
	 3.3
	 	Default by HEP	  	 	3	 
	 3.4
	 	HFRM’s Remedies	  	 	3	 
		
	 ARTICLE IV GUARANTEE
	  	 	4	 
			
	 4.1
	 	Guarantee by HollyFrontier	  	 	4	 
	 4.2
	 	Guaranty Absolute	  	 	4	 
	 4.3
	 	Waiver	  	 	4	 
	 4.4
	 	Subrogation Waiver	  	 	5	 
	 4.5
	 	Reinstatement	  	 	5	 
	 4.6
	 	Continuing Guaranty	  	 	5	 
	 4.7
	 	No Duty to Pursue Others	  	 	5	 
		
	 ARTICLE V GENERAL PROVISIONS
	  	 	5	 
			
	 5.1
	 	Assignment Prohibition	  	 	5	 
	 5.2
	 	Severability	  	 	5	 
	 5.3
	 	Time of Essence	  	 	5	 
	 5.4
	 	Captions	  	 	5	 
	 5.5
	 	Entire Agreement; Amendment	  	 	5	 
	 5.6
	 	Schedules and Exhibits	  	 	6	 
	 5.7
	 	Notices	  	 	6	 
	 5.8
	 	Waivers	  	 	7	 
	 5.9
	 	No Partnership or Joint Venture	  	 	7	 
	 5.10
	 	No Third Party Beneficiaries	  	 	7	 
	 5.11
	 	Mutual Cooperation; Further Assurances	  	 	7	 
	 5.12
	 	Binding Effect	  	 	7	 
	 5.13
	 	Choice of Law	  	 	7	 
	 5.14
	 	Survival	  	 	8	 

  
 i 

 SCHEDULE 

 

			
	 Schedule
	 	 
	 Schedule 2.5 — Calculation of Early Termination Payment
Amount

  

  
 ii 

 CONSTRUCTION PAYMENT AGREEMENT 

(Tulsa Rail Yard) 
 THIS
CONSTRUCTION PAYMENT AGREEMENT (this “Agreement”) is made and entered as of October 29, 2018 into to be effective as of the 13th day of December 2017 (the
“Effective Date”), between HEP TULSA LLC, a Delaware limited liability company (herein called “HEP”), and HOLLYFRONTIER REFINING & MARKETING LLC, a Delaware limited
liability company (herein called “HFRM”). HEP and HFRM are referred to individually as a “Party” and collectively as the “Parties.” 

RECITALS: 
 A. HFRM
has subleased from HEP certain real property situated at or near the railway station of Tulsa, County of Tulsa, Oklahoma (the “BNSF Premises”) pursuant to a certain Sublease Agreement dated to be effective as of
December 13, 2017 (the “Ground Sublease”). 
 B. HFRM has sublicensed from HEP certain real property situated
at or near the railway station of Tulsa, County of Tulsa, Oklahoma (the “HRM Tulsa Premises” and together with the BNSF Premises, the “Premises”) pursuant to a certain Sublicense Agreement effective as
of December 13, 2007 (the “Ground Sublicense”). 
 C. Pursuant to Section 7.1 of the Ground Sublease and
in accordance with the terms and conditions of the Ground Sublicense, HEP has constructed on the Premises a railroad track siding consisting of approximately (i) Five Thousand Twenty (5,020) track feet of runaround track, (ii) Seven
Thousand Three Hundred (7,300) of inbound and outbound track, (iii) One Thousand Three Hundred (1,300) track feet of maintenance and engine storage track, (iv) Nine Thousand Eight Hundred Eighty (9,880) track feet of rail car storage,
(v) One (1) mainline switch, and (vi) Fifteen (15) industry switches (the “Track”), which is owned by HEP. As used herein, the term Track does not include the Premises and the Additional Improvements. 

D. HEP has agreed to lease the Track to HFRM pursuant to a certain Track Lease Agreement dated to be effective as of December 13, 2017
(the “Track Lease”). 
 E. HFRM has agreed to reimburse HEP in the amount of $12,517,553 (the “Track
Construction Cost”) for costs incurred by HEP in constructing the Track, subject to the terms and conditions set forth in this Agreement. 

AGREEMENT: 
 NOW,
THEREFORE, for and in consideration of covenants, obligations and undertakings of the Parties set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, HEP and HFRM covenant and
agree as follows: 
 ARTICLE I 

DEFINITIONS AND CONSTRUCTION 

1.1 Certain Defined Terms. Unless the context otherwise requires, capitalized terms used in this Agreement shall have the
respective meanings set forth in Appendix A hereto. 
 1.2 Interpretation. Interpretation matters are set forth in
Appendix B hereto. 

  
 1 

 ARTICLE II 

CONSTRUCTION OF TRACK; REIMBURSEMENT FOR TRACK CONSTRUCTION 

2.1 Construction of Track. HEP represents and warrants that HEP designed, fabricated, constructed, installed and tested the
Track in accordance with applicable law, all applicable requirements of the Ground Sublease and Ground Sublicense, and current and generally accepted industry practices, and pursuant to drawings and specifications previously approved by HFRM. 

2.2 Reimbursement for Track Construction. As payment to HEP for the Track Construction Cost, during each Contract Year during
the Term HFRM shall pay to HEP the Track Construction Cost divided by 8.0, or $12,517,553 / 8.0 or $1,564,694 as such amount may be adjusted pursuant to Section 2.3 (the “Annual Payment
Amount”). The Annual Payment Amount shall be paid in equal quarterly payments (each, a “Quarterly Payment”) on or before the last day of each Contract Quarter during the Term, with the first such payment being
due ten (10) business days after the date this Agreement is signed by both Parties. 
 2.3 Adjustment of Annual Payment
Amount. The Annual Payment Amount shall be adjusted on the first day of each Contract Year, commencing on July 1, 2018, by an amount equal to the annual change in the PPI rounded to four decimal places; provided, however, that the
annual percentage increase in the Annual Payment Amount during any Contract Year shall not be less than one percent (1%) or exceed three percent (3%). For avoidance of doubt, any PPI adjustment less than one percent (1%) in any given year shall be
rounded up to one percent (1%) and any PPI adjustment greater than three percent (3%) shall be rounded down to three percent (3%). The change factor shall be calculated as follows: annual PPI index (most current year) less annual PPI index
(most current year minus 1) divided by annual PPI index (most current year minus 1). An example for year 2018 change is: [PPI (2017) – PPI (2016)] / PPI (2016) or (198.0 – 191.9) / 191.9 or 3.1787%, which would be rounded down
to 3.0%. 
 2.4 Place of Payment. The Quarterly Payments shall be payable in lawful money of the United States of America at
HEP’s address set forth in Section 5.7. The Annual Payment Amount shall be paid without any claim on the part of HFRM for diminution, setoff or abatement and nothing shall suspend, abate or reduce any Annual Payment
Amount to be paid hereunder, except as expressly provided herein. 
 2.5 Early Termination. In the event the Track Lease is
terminated prior to its Expiration Date (as defined therein) for reasons other than the fault or breach of HEP pursuant to the Track Lease or Railroad Lease (as defined in the Track Lease), then, as HEP’s exclusive remedy hereunder, HFRM shall
pay to HEP and HEP shall accept, an amount sufficient to reimburse HEP for the remaining unamortized amount of the Track Construction Cost (the “Early Termination Amount”), such amount to be calculated as
provided in Schedule 2.5 and paid to HEP within thirty (30) days of the date of such early termination. The Early Termination Amount shall not be payable to HEP in the event the Track Lease is terminated prior to its Expiration
Date due to the fault or breach of HEP under the Track Lease or the Railroad Lease (as defined in the Track Lease). The rights and obligations set forth in this Section 2.5 shall survive any termination of the Track Lease
or this Agreement. 
 ARTICLE III 

DEFAULTS; REMEDIES; TERMINATION 

3.1 Default by HFRM. The occurrence of any one or more of the following events shall constitute a material default and breach of
this Agreement by HFRM: 

  
 2 

 (a) The failure by HFRM to make when due any payment of a Quarterly Payment or any other
payment required to be made by HFRM hereunder, if such failure continues for a period of 90 days following written notice from HEP; 
 (b)
The failure by HFRM to observe or perform any of the other covenants, conditions or provisions of this Agreement to be observed or performed by HFRM, if such failure continues for a period of thirty (30) days following written notice from HEP
of such failure; provided, however, if a reasonable time to cure such default would exceed thirty (30) days, HFRM shall not be in default so long as HFRM begins to cure such default within thirty (30) days of receiving written notice from
HEP and thereafter completes the curing of such default within reasonable period of time (under the circumstances) following the receipt of such written notice from HEP; or 

(c) The occurrence of any Bankruptcy Event. 

3.2 HEP’s Remedies. 

(a) In the event of any such material default under or material breach of the terms of this Agreement by HFRM, HEP may, at HEP’s option,
at any time thereafter that such default or breach remains uncured, without further notice or demand, terminate this Agreement and pursue all of its rights and remedies available under law or in equity, including, but not limited to, the remedies
provided for in Section 2.5. 
 (b) If, by the terms of this Agreement, HFRM is required to do or perform any act
or to pay any sum to a Third Party, and fails or refuses to do so, HEP, after thirty (30) days written notice to HFRM, without waiving any other right or remedy hereunder for such default, may do or perform such act, at HFRM’s expense, or
pay such sum for and on behalf of HFRM, and the amounts so expended by HEP shall be repayable on demand, and bear interest from the date expended by HEP until paid at a rate equal to an interest rate equal to the “Prime Rate” as published
in The Wall Street Journal, Southwest Edition, in its listing of “Money Rates” plus two percent (2%) (the “Default Rate”). Past due payments required hereunder shall bear interest from maturity until paid at
the Default Rate. 
 3.3 Default by HEP. The occurrence of any one or more of the following events shall constitute a material
default and breach of this Agreement by HEP: 
 (a) The failure by HEP to observe or perform any of the other covenants, conditions or
provisions of this Agreement to be observed or performed by HEP, if such failure continues for a period of 30 days following written notice from HFRM; provided, however, if a reasonable time to cure such default would exceed thirty (30) days,
HEP shall not be in default so long as HEP begins to cure such default within thirty (30) days of receiving written notice from HFRM and thereafter completes the curing of such default within a reasonable period of time following the receipt of
such written notice from HFRM; or 
 (b) The occurrence of a Bankruptcy Event. 

3.4 HFRM’s Remedies. In the event of any such material default under or material breach of the terms of this Agreement by
HEP, HFRM may, at HFRM’s option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to HFRM, perform any act that HEP is required to do or perform any act or to pay any sum to a Third Party,
at HEP’s expense (to the extent the terms of this Agreement require such performance at HEP’s expense) or pay such sum for and on behalf of HEP, and the amounts so expended by HFRM shall be repayable on demand, and bear interest from the
date expended by HFRM until paid at the Default Rate. HFRM may, at HFRM’s option, deduct 

  
 3 

 
any such amounts so expended by HFRM from the Quarterly Payment(s) and any other amounts owed hereunder and any such action on the part of HFRM shall be in addition to any other remedy that may
be available to HFRM for default or breach of contract, or otherwise, including the right of setoff 
 ARTICLE IV 

GUARANTEES 
 4.1
Guarantee by HollyFrontier. HollyFrontier Corporation, a Delaware corporation (“HollyFrontier”) unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as
surety, to HEP the punctual and complete payment in full when due of all amounts due from HFRM under this Agreement (collectively, the “HFRM Payment Obligations”). HollyFrontier agrees that HEP shall be entitled to enforce
directly against HollyFrontier any of the HFRM Payment Obligations. 
 4.2 Guaranty Absolute. HollyFrontier hereby guarantees
that the HFRM Payment Obligations will be paid strictly in accordance with the terms of the Agreement. The obligations of HollyFrontier under this Agreement constitute a present and continuing guaranty of payment, and not of collection or
collectability. The liability of HollyFrontier under this Agreement shall be absolute, unconditional, present, continuing and irrevocable irrespective of: 

(a) any assignment or other transfer of this Agreement or any of the rights thereunder of HEP; 

(b) any amendment, waiver, renewal, extension or release of or any consent to or departure from or other action or inaction
related to this Agreement; 
 (c) any acceptance by HEP of partial payment or performance from HFRM; 

(d) any bankruptcy, insolvency, reorganization, arrangement, composition, adjustment, dissolution, liquidation or other like
proceeding relating to HFRM or any action taken with respect to this Agreement by any trustee or receiver, or by any court, in any such proceeding; 

(e) any absence of any notice to, or knowledge of, HollyFrontier, of the existence or occurrence of any of the matters or
events set forth in the foregoing subsections (a) through (d); or 
 (f) any other circumstance which might otherwise
constitute a defense available to, or a discharge of, a guarantor. 
 The obligations of HollyFrontier hereunder shall not be subject to any
reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by
reason of the invalidity, illegality or unenforceability of the HFRM Payment Obligations or otherwise. 
 4.3 Waiver.
HollyFrontier hereby waives promptness, diligence, all setoffs, presentments, protests and notice of acceptance and any other notice relating to any of the HFRM Payment Obligations and any requirement for HEP to protect, secure, perfect or insure
any security interest or lien or any property subject thereto or exhaust any right or take any action against HFRM, any other entity or any collateral. 

  
 4 

 4.4 Subrogation Waiver. HollyFrontier agrees that for so long as there is a
current or ongoing default or breach of this Agreement by HFRM, HollyFrontier shall not have any rights (direct or indirect) of subrogation, contribution, reimbursement, indemnification or other rights of payment or recovery from HFRM for any
payments made by HollyFrontier under this Article IV, and HollyFrontier hereby irrevocably waives and releases, absolutely and unconditionally, any such rights of subrogation, contribution, reimbursement, indemnification and other rights of
payment or recovery it may now have or hereafter acquire against HFRM during any period of default or breach of this Agreement by HFRM until such time as there is no current or ongoing default or breach of this Agreement by HFRM. 

4.5 Reinstatement. The obligations of HollyFrontier under this Article IV shall continue to be effective or shall be
reinstated, as the case may be, if at any time any payment of any of the HFRM Payment Obligations is rescinded or must otherwise be returned to HFRM or any other entity, upon the insolvency, bankruptcy, arrangement, adjustment, composition,
liquidation or reorganization of HFRM or such other entity, or for any other reason, all as though such payment had not been made. 
 4.6
Continuing Guaranty. This Article IV is a continuing guaranty and shall (i) remain in full force and effect until the first to occur of the indefeasible payment in full of all of the HFRM Payment Obligations, (ii) be
binding upon HollyFrontier, its successors and assigns and (iii) inure to the benefit of and be enforceable by HEP and its respective successors, transferees and assigns. 

4.7 No Duty to Pursue Others. It shall not be necessary for HEP (and HollyFrontier hereby waives any rights which HollyFrontier
may have to require HEP), in order to enforce such payment by HollyFrontier, first to (i) institute suit or exhaust its remedies against HFRM or others liable on the HFRM Payment Obligations or any other person, (ii) enforce HEP’s
rights against any other guarantors of the HFRM Payment Obligations, (iii) join HFRM or any others liable on the HFRM Payment Obligations in any action seeking to enforce this Article IV, (iv) exhaust any remedies available to HEP
against any security which shall ever have been given to secure the HFRM Payment Obligations, or (v) resort to any other means of obtaining payment of the HFRM Payment Obligations. 

ARTICLE V 
 GENERAL
PROVISIONS 
 5.1 Assignment Prohibition. HFRM shall not, either voluntarily or by operation of law, assign, transfer,
mortgage, encumber, pledge or hypothecate this Agreement or HFRM’s interest in this Agreement, in whole or in part, without the prior written consent of HEP, which shall not be unreasonably withheld. 

5.2 Severability. The invalidity or unenforceability of any provision of this Agreement, as determined by a court of competent
jurisdiction, shall in no way affect the validity or enforceability of any other provision hereof. 
 5.3 Time of Essence.
Time is of the essence in the performance of all obligations hereunder. 
 5.4 Captions. The headings to Articles, Sections
and other subdivisions of this Agreement are inserted for convenience of reference only and will not affect the meaning or interpretation of this Agreement. 

5.5 Entire Agreement; Amendment. This Agreement, including the exhibits and schedules attached hereto, constitutes the entire
agreement and understanding between the parties hereto with respect to the reimbursement of HEP by HFRM for the Track Construction Cost, and supersedes all prior and contemporaneous agreements and undertakings of the parties, in connection herewith.
This Agreement may be modified in writing only, signed by the parties in interest at the time of modification. 

  
 5 

 5.6 Schedules and Exhibits. All schedules and exhibits hereto which are
referred to herein are hereby made a part hereof and incorporated herein by such reference. 
 5.7 Notices. Any notice or
other communication given under this Agreement shall be in writing and shall be (i) delivered personally, (ii) sent by documented overnight delivery service, (iii) sent by email transmission, or (iv) sent by first class mail,
postage prepaid (certified or registered mail, return receipt requested). Such notice shall be deemed to have been duly given (x) if received, on the date of the delivery, with a receipt for delivery, (y) if refused, on the date of the
refused delivery, with a receipt for refusal, or (z) with respect to email transmissions, on the date the recipient confirms receipt. Notices or other communications shall be directed to the following addresses: 

Notices to HEP: 
 HEP Tulsa LLC

 2828 N. Harwood Street, Suite 1300 

Dallas, Texas 75201 
 Attn:
President 
 Email address: president-hep@hollyenergy.com 

with a copy, which shall not constitute notice, but is required in order to give proper notice, to: 

HEP Tulsa LLC 
 2828 N. Harwood
Street, Suite 1300 
 Dallas, Texas 75201 

Attn: General Counsel 
 Email
address: general.counsel@hollyenergy.com 
 Notices to HFRM: 

HollyFrontier Refining & Marketing LLC 

2828 N. Harwood Street, Suite 1300 

Dallas, Texas 75201 
 Attn:
President 
 Email address: president@hollyfrontier.com 

with a copy, which shall not constitute notice, but is required in order to give proper notice, to: 

HollyFrontier Refining & Marketing LLC 

2828 N. Harwood Street, Suite 1300 

Dallas, Texas 75201 
 Attn:
General Counsel 
 Email address: generalcounsel@hollyfrontier.com 

  
 6 

 Notices to HollyFrontier: 

HollyFrontier Corporation 
 2828
N. Harwood Street, Suite 1300 
 Dallas, Texas 75201 

Attn: President 
 Email address:
president@hollyfrontier.com 
 with a copy, which shall not constitute notice, but is required in order to give proper notice, to:

 HollyFrontier Corporation 

2828 N. Harwood Street, Suite 1300 

Dallas, Texas 75201 
 Attn:
General Counsel 
 Email address: generalcounsel@hollyfrontier.com 

Any Party or HollyFrontier may at any time change its address for service from time to time by giving notice to the other Parties and
HollyFrontier in accordance with this Section 5.7. 
 5.8 Waivers. No waiver or waivers of any
breach or default or any breaches or defaults by either Party of any term, condition or liability of or performance by the other party of any duty or obligation hereunder shall be deemed or construed to be a waiver or waivers of subsequent breaches
or defaults of any kind, character or description under any circumstance. The acceptance of a Quarterly Payment hereunder by HEP shall not be a waiver of any preceding breach by HFRM of any provision hereof, other than the failure of HFRM to pay the
particular Quarterly Payment so accepted, regardless of HEP’s knowledge of such preceding breach at the time of acceptance of such Quarterly Payment. 

5.9 No Partnership or Joint Venture. The relationship between HEP and HFRM at all times shall remain solely that of landlord and
tenant and shall not be deemed a partnership or joint venture. 
 5.10 No Third Party Beneficiaries. Subject to the provisions
of Section 5.12 hereof, this Agreement inures to the sole and exclusive benefit of HEP and HFRM, their respective Affiliates, successors, legal representatives and assigns, and confers no benefit on any Third Party. 

5.11 Mutual Cooperation; Further Assurances. Upon request by either Party from time to time during the Term, each Party hereto
agrees to execute and deliver all such other and additional instruments, notices and other documents and do all such other acts and things as may be reasonably necessary to carry out the purposes of this Agreement and to more fully assure the
Parties’ rights and interests provided for hereunder. 
 5.12 Binding Effect. Subject to the provisions of Article
IV, and except as herein otherwise expressly provided, this Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns. 

5.13 Choice of Law. The provisions of this Agreement shall be governed by and construed in accordance with the laws of the State
of Texas, excluding any conflicts-of-law rule or principle that might require the application of laws of another jurisdiction. 

  
 7 

 5.14 Survival. All obligations of HEP and HFRM that shall have accrued under
this Agreement prior to the expiration or earlier termination hereof shall survive such expiration or termination to the extent the same remain unsatisfied as of the expiration or earlier termination of this Agreement. HEP and HFRM further expressly
agree that all provisions of this Agreement which contemplate performance after the expiration or earlier termination hereof shall survive such expiration or earlier termination of this Agreement. 

[Remainder of Page Intentionally Left Blank] 

  
 8 

 The parties hereto have executed this Agreement to be effective as of the Effective Date.

  

					
	HEP:
		
	    	 	 HEP TULSA LLC,
 a Delaware limited
liability company

			
		 	By:	 	 /s/ Richard L. Voliva III

		 	Name:	 	Richard L. Voliva III
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	HFRM:
		
		 	HOLLYFRONTIER REFINING & MARKETING LLC, a Delaware limited liability company
			
		 	By:	 	 /s/ Thomas G. Creery

		 	Name:	 	Thomas G. Creery
		 	Title:	 	Chief Executive Officer and President

 ACKNOWLEDGEMENT AND AGREEMENT 

HollyFrontier Corporation hereby agrees solely to the provisions of Article IV of the foregoing Agreement. 

 

			
	 HOLLYFRONTIER CORPORATION,
 a
Delaware corporation

		
	By:	 	 /s/ George J. Damiris

	Name: George J. Damiris
	Title: Chief Executive Officer and President

  
 9 

 APPENDIX A 

TO 
 CONSTRUCTION
PAYMENT AGREEMENT 
  
  

Defined Terms 

“Affiliates” means, with to respect to a specified person, any other person controlling, controlled by or under common
control with that first person. As used in this definition, the term “control” includes (i) with respect to any person having voting securities or the equivalent and elected directors, managers or persons performing similar functions,
the ownership of or power to vote, directly or indirectly, voting securities or the equivalent representing 50% or more of the power to vote in the election of directors, managers or persons performing similar functions, (ii) ownership of 50%
or more of the equity or equivalent interest in any person and (iii) the ability to direct the business and affairs of any person by acting as a general partner, manager or otherwise. Notwithstanding the foregoing, for purposes of this
Agreement, the Holly Entities, on the one hand, and the HEP Entities, on the other hand, shall not be considered affiliates of each other. 

“Bankruptcy Event” means, in relation to any Party, (i) the making of a general assignment for the benefit
of creditors by such Party; (ii) the entering into of any arrangement or composition with creditors as a result of insolvency (other than for the purposes of a solvent reconstruction or amalgamation); (iii) the institution by such Party of
proceedings (a) seeking to adjudicate such Party as bankrupt or insolvent or seeking protection or relief from creditors, or (b) seeking liquidation, winding up, or rearrangement, reorganization or adjustment of such Party or its debts
(other than for purposes of a solvent reconstruction or amalgamation), or (c) seeking the entry of an order for the appointment of a receiver, trustee or other similar official for such Party or for all or a substantial part of such
Party’s assets; or (iv) the institution of any proceeding of the type described in (iii) above against such Party, which proceeding shall not have been dismissed within ninety (90) days following its institution. 

“Contract Quarter” means a three-month period that commences on July 1, October 1, January 1, or
April 1, and ends on September 30, December 31, March 31 or June 30, respectively, except that the initial Contract Quarter shall commence on the Effective Date and end on March 31, 2018. 

“Contract Year” means a year that commences on July 1 and ends on the last day of June, except that the initial
Contract Year shall commence on the Effective Date. 
 “Expiration Date” means December 31, 2042. 

“Governmental Authority” means any federal, state, local or foreign government or any provincial, departmental or
other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission, board, bureau, agency,
instrumentality or administrative body of any of the foregoing. 
 “Person” means any individual or entity,
including any partnership, corporation, association, joint stock company, trust, joint venture, limited liability company, unincorporated organization or Governmental Authority (or any department, agency or political subdivision thereof). 

  
 Appendix A 

 “PPI” means the Producers Price Index Finished-Commodities-Finished
Goods, produced by the U.S. Department of Labor, Bureaus of Labor Statistics. The series ID is WPUFD49207 as of December 13, 2017. 

“Railroad” means BNSF Railway Company, a Delaware corporation. 

“Substantial Completion” means the stage in the construction of the Track when the Track is sufficiently complete in
accordance with the drawings and specifications so that HFRM can occupy and utilize the Track for its intended purpose pursuant to the Track Lease. 

“Term” means the period commencing on 12:01 a.m. of the Commencement Date and expiring at midnight on the Expiration
Date. 
 “Third Party” shall mean a Person which is not (a) HEP or an Affiliate of HEP, (b) HFRM or an
Affiliate of HFRM or (c) a Person that, after the signing of this Agreement becomes a successor entity of HEP, HFRM or any of their respective Affiliates. An employee of HEP or HFRM shall not be deemed an Affiliate. 

In addition, the following terms have the meanings given to them in the Sections indicated in the following table: 

 

			
	 Term
	  	Section
	 Agreement

Annual Payment Amount
	  	Preface
 Section 2.2

	 BNSF Premises
	  	Recitals
	 Default Rate
	  	Section 3.2(b)
	 Early Termination Amount
	  	Section 2.5
	 Effective Date
	  	Preface
	 Ground Sublease
	  	Recitals
	 Ground Sublicense
	  	Recitals
	 HEP
	  	Preface
	 HFRM
	  	Preface
	 HFRM Payment Obligations
	  	Section 4.1
	 HRM Premises
	  	Recitals
	 HollyFrontier
	  	Section 4.1
	 Party and Parties
	  	Preface
	 Premises
	  	Recitals
	 Quarterly Payment
	  	Section 2.2
	 Track
	  	Recitals
	 Track Construction Cost
	  	Recitals
	 Track Lease
	  	Recitals

  
 Appendix A 

 APPENDIX B 

TO 
 CONSTRUCTION
PAYMENT AGREEMENT 
  
  

Interpretation 
 As used
in this Agreement, unless a clear contrary intention appears: 
 (a) the singular includes the plural and vice versa; 

(b) reference to any Person includes such Person’s successors and assigns but, in the case of a Party, only if such successors and assigns
are permitted by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity; 
 (c)
reference to any agreement (including this Agreement), document or instrument means such agreement, document, or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms of
this Agreement; 
 (d) reference to any Section means such Section of this Agreement, and references in any Section or definition to any
clause means such clause of such Section or definition; 
 (e) “hereunder”, “hereof”, “hereto” and words of
similar import will be deemed references to this Agreement as a whole and not to any particular Section or other provision hereof or thereof; 

(f) “including” (and with correlative meaning “include”) means including without limiting the generality of any description
preceding such term; and 
 (g) relative to the determination of any period of time, “from” means “from and including,”
“to” means “to but excluding” and ‘through” means “through and including.” 

  
 Appendix B 

 SCHEDULE 2.5 

CALCULATION OF EARLY TERMINATION AMOUNT 

The Early Termination Amount equals the number of years left in the Term of this Agreement multiplied by the adjusted Annual Payment Amount (the
“APA”) (as calculated pursuant to Section 2.3 of this Agreement) for the year that the early termination occurs. 

Example of the calculation of the Early Termination Amount: 

If the APA in Year 8 is $1,828,271 and early termination occurs in Year 8, then the Early Termination Amount equals: 

(25-8) x Annual Payment Amount in Year 8 = 17 x $1,828,271 = $31,080,607 

 

	
	 TULSA RAIL SIDING PPI FORMULA TABLE

	 Early Termination Example

  

																									
	 Contract Year
	  	APA for
Contract
Year	 	  	PPI Data
Point	 	  	PPI Change	 	 	APA Change
1% Min /3%
Max	 	 	APA Change
for Following
Year	 
		  				  	 	100.0	 	  	 	n/a	 	 	 	n/a	 	 				  			
	 1
	  	$	1,564,694	 	  	 	104.0	 	  	 	4.0000	% 	 	 	3.0000	% 	 	$	 	 	  	 	1,611,635	 
	 2
	  	 	1,611,635	 	  	 	105.0	 	  	 	0.9615	% 	 	 	1.0000	% 	 				  	 	1,627,751	 
	 3
	  	 	1,627,751	 	  	 	108.5	 	  	 	3.3333	% 	 	 	3.0000	% 	 				  	 	1,676,584	 
	 4
	  	 	1,676,584	 	  	 	113.0	 	  	 	4.1475	% 	 	 	3.0000	% 	 				  	 	1,726,881	 
	 5
	  	 	1,726,881	 	  	 	115.0	 	  	 	1.7699	% 	 	 	1.7699	% 	 				  	 	1,757,445	 
	 6
	  	 	1,757,445	 	  	 	120.0	 	  	 	4.3478	% 	 	 	3.0000	% 	 				  	 	1,810,169	 
	 7
	  	 	1,810,169	 	  	 	120.5	 	  	 	0.4167	% 	 	 	1.0000	% 	 				  	 	1,828,271	 
	 8
	  	 	1,828,271	 	  	 	124.0	 	  	 	2.9046	% 	 	 	2.9046	% 	 				  	 	1,881,374	 
	 9
	  	 	1,881,374	 	  	 	126.0	 	  	 	1.6129	% 	 	 	1.6129	% 	 				  	 	1,911,719

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